Gmci (GMCI) 10-K 24 May 17 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 14, 2017	Jun. 30, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	GMCI Corp.
Entity Central Index Key	1,545,312
Amendment Flag	false
Trading Symbol	gmci
Current Fiscal Year End Date	--12-31
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	No
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding		720,802,346

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current Assets
Cash	$ 17,334	$ 13,297
Prepaid expenses and deposits	27,665	149,369
Total Current Assets	44,999	162,666
Plant and equipment, net	57,586	95,444
TOTAL ASSETS	102,585	258,110
Current Liabilities
Accounts Payable and accrued liabilities	86,512	2,958
Advances payable, related party	782,499	492,267
Total Current Liabilities	869,011	495,225
Total Liabilities	869,011	495,225
Stockholders' Deficit
Common stock - $0.001 par value; 4,000,000,000 shares authorized, 720,802,346 and 500,000,000 issued and outstanding at December 31, 2015 and December 31, 2014	720,802	500,000
Preferred Stock - $0.001 par value; 10,000,000 shares authorized, no shares issued and outstanding at December 31, 2015 and December 31, 2014
Subscriptions receivable	(220,000)
Additional Paid in Capital	(360,607)	(316,348)
Other comprehensive income (loss)	94,847	17,158
Accumulated deficit	(1,001,468)	(437,925)
Total Stockholders' Deficit	(766,426)	(237,115)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 102,585	$ 258,110

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	4,000,000,000	4,000,000,000
Common stock, shares issued	720,802,346	500,000,000
Common stock, shares outstanding	720,802,346	500,000,000
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Statement [Abstract]
Revenue
Operating Expenses
Mining exploration expenses	2,829	134,762
Professional fees	201,433	3,818
General and administrative	230,923	246,596
Total Operating Expenses	435,185	385,176
Impairment of uncollected other receivable	(128,358)
(Loss) from operation	(563,543)	(385,176)
(Loss) before taxation	(563,543)	(385,176)
Taxation		(153)
Net (Loss)	$ (563,543)	$ (385,329)
Net Loss Per Share: Basic and Diluted	$ 0	$ 0
Weighted Average Shares Outstanding: Basic and Diluted	620,560,704	178,082,192
Comprehensive Income (Loss):
Net loss	$ (563,543)	$ (385,329)
Effect of foreign currency translation	77,689	16,239
Comprehensive Loss	$ (485,854)	$ (369,090)

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Deficit - USD ($)	Total	Common Stock	Shares Subscription Receivable	Additional Paid in Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit
Balance at Dec. 31, 2013	$ (20,950)	$ 83,333		$ (52,606)	$ 919	$ (52,596)
Balance, shares at Dec. 31, 2013		83,333,333
Share issuance for cash	152,925	$ 416,667		(263,742)
Share issuance for cash, shares		416,666,667
Foreign currency translation adjustments	16,239				16,239
Loss for the period	(385,329)					(385,329)
Balance at Dec. 31, 2014	(237,115)	$ 500,000		(316,348)	17,158	(437,925)
Balance, shares at Dec. 31, 2014		500,000,000
Recapitalization/shares issued as part of reverse merger (Notes 3, 8)	(245,456)	$ 802		(246,258)
Recapitalization/shares issued as part of reverse merger (Notes 3, 8), shares		802,346
Convertible note released and waived	201,999			201,999
Convertible note released and waived, shares
Share issuance for cash		$ 220,000	(220,000)
Share issuance for cash, shares		220,000,000
Foreign currency translation adjustments	77,689				77,689
Loss for the period	(563,543)					(563,543)
Balance at Dec. 31, 2015	$ (766,426)	$ 720,802	$ (220,000)	$ (360,607)	$ 94,847	$ (1,001,468)
Balance, shares at Dec. 31, 2015		720,802,346

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
CASH FLOW FROM OPERATING ACTIVITIES:
Net Loss	$ (563,543)	$ (385,329)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:
Depreciation	25,454	29,402
Impairment of uncollected other receivable	128,358
Changes in operating assets and liabilities:
Other receivable and deposits	(24,722)	(163,395)
Accounts Payable and accrued liabilities	88,400	1,755
Advances, related parties	356,413	204,650
NET CASH USED IN OPERATING ACTIVITIES	10,360	(312,917)
CASH FLOWS FROM INVESTING ACTIVITIES:
Plant and equipment	(3,370)	(21,836)
NET CASH USED IN INVESTING ACTIVITIES	(3,370)	(21,836)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from subscription		152,925
Cash acquired via reverse acquisition	35
NET CASH PROVIDED BY FINANCING ACTIVITIES	35	152,925
Effects of changes in foreign exchange rate	(2,988)	493
NET CHANGE IN CASH	4,037	(181,335)
CASH AT BEGINNING OF PERIOD	13,297	194,632
CASH AT END OF PERIOD	17,334	13,297
Cash Paid during the year for:
Interest
Income Taxes
Non-Cash financing and investing activities:
Other receivable and deposits acquired per reverse merger	(6,000)
Accounts payable and accrued liabilities acquired per reverse merger	9,448
Convertible notes acquired per reverse merger	195,000
Amounts due to related parties acquired per reverse merger	47,043
Convertible note released and contributed to additional paid in capital	(195,000)
Accrued interest contributed to additional paid in capital	(6,999)
Total Non-Cash financing and investing activities:	$ 43,492

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Organization and Summary of Significant Accounting Policies [Abstract]
Organization and Summary of Significant Accounting Policies	Note 1 – Organization and Summary of Significant Accounting Policies GMCI Corp., formerly Pacific Metals Corp. (“GMCI” or the “Company”) was incorporated in Nevada on June 28, 2006. On March 17, 2015, the Company filed Articles of Merger with the Nevada Secretary of State whereby it entered into a statutory merger with its wholly-owned subsidiary, GMCI Corp., pursuant to Nevada Revised Statutes 92A.200 et. seq. The effect of such merger is that the Company was the surviving entity and changed its name to "GMCI Corp." On March 19, 2015, the Company filed an Issuer Company-Related Action Notification Form with FINRA requesting that the aforementioned name change be effected in the market. The Company also requested that its ticker symbol be changed to "GMCI". On April 16, 2015, FINRA granted approval for the name change and the ticker symbol change. On March 26, 2015, GMCI entered into and closed a Share Exchange Agreement (the "Agreement") with all of the shareholders of SBS Mining Corp. Malaysia Sd. Bhd., ("SBS") a Malaysian corporation whose primary business is mining and exploration of properties located in Malaysia. Pursuant to the Share Exchange Agreement, the Company acquired 600,000 shares of capital stock of SBS from the SBS Shareholders and in exchange issued 500,000,000 restricted shares of its common stock to the SBS Shareholders. As a result of the completion of the aforementioned acquisition, SBS is now the Company's wholly-owned subsidiary. The aforementioned business combination was accounted for as a reverse acquisition and recapitalization using accounting principles applicable to reverse acquisitions whereby the financial statements subsequent to the date of the transaction are presented as a continuation of SBS. Under reverse acquisition accounting (subsidiary) is treated as the accounting parent (acquirer) and the Company (parent) is treated as the accounting subsidiary (acquiree). All outstanding shares have been restated to reflect the effect of the business combination. As a result of the aforementioned transactions a total of 802,346 shares of the Company’s common stock issued and outstanding at December 31, 2014 are reflected as part of the recapitalization transactions impacted March 26, 2015, in our Statements of Stockholder’s Equity (Deficit). SBS Mining Corp. Malaysia Sdn. Bhd. is a producer of metal ore and is focused on producing iron ore, bauxite and tin ore. Currently SBS is principally engaged in the prospecting of minerals and ultimately the mining of minerals upon successful exploration. As at the date of this report SBS is not yet generating revenues as a result of its mineral exploration and ore acquisition efforts. Principals of Consolidation The consolidated financial statements include the accounts of GMCI and its wholly-owned subsidiary SBS. All significant intercompany balances and transactions have been eliminated. Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America ("US GAAP") and are presented in U.S. dollars. Reclassification Certain reclassifications have been made to the prior period’s financial statements to conform to the current period’s presentation. Significant Accounting Principles Use of Estimates and Assumptions. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results when ultimately realized could differ from these estimates. Cash and Cash Equivalents The company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. At December 31, 2015, cash includes cash on hand and cash in the bank. Fair Value of Financial Instruments The carrying value of financial instruments including cash and cash equivalents, receivables, prepaid expenses, accounts payable and accrued expenses, approximates their fair value due to the relatively short-term nature of these instruments. Foreign Currencies Functional and presentation currency Transactions and balances Subsidiaries i) assets and liabilities are translated at the closing rate at the date of the balance sheet; ii) income and expenses are translated at average exchange rates; iii) all resulting exchange differences are recognized as other comprehensive income, a separate component of equity. Plant and equipment and depreciation Plant and equipment are stated at cost less accumulated depreciation and impairment loss, if any. Depreciation is calculated on straight line basis to write off the cost of plant and equipment over their expected useful lives at the following annual rates: Motor Vehicles 20 % Office equipment 33 % Tools and equipment 33 % Computer and software 33 % Mineral Properties The Company is primarily engaged in the business of the acquisition, exploration, development, mining, and production of mineral properties and or resources, with a current emphasis on iron ore, bauxite and tin. Mineral claims and other property acquisition costs are capitalized as incurred. Such costs are carried as an asset of the Company until it becomes apparent through exploration activities that the cost of such properties will not be realized through mining operations. Mineral exploration costs are expensed as incurred, and when it becomes apparent that a mineral property can be economically developed as a result of establishing proven or probable reserve, the exploration costs, along with mine development costs, are capitalized. The costs of acquiring mineral claims, capitalized exploration costs, and mine development costs are recognized for depletion and amortization purposes under the units-of-production method over the estimated life of the probable and proven reserves. If mineral properties, exploration, or mine development activities are subsequently abandoned or impaired, any capitalized costs are charged to operations in the current period. Exploration expenditures Exploration, acquisition (except for property purchase costs), and general and administrative costs related to exploration projects and prospecting activities are charged to expense as incurred. During the years ended 2015 and 2014, the Company incurred exploration expenses of $2,829 and $134,762, respectively. As at June 30, 2014 the Company had completed its prospecting activities in relation to certain iron ore resources, at which time all associated overhead pending the extraction of the resource in place has been allocated to general operating expense, save certain annual expenses for permitting and licensing of the property which are recorded in the current period. Impairment of Long-Lived Assets Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable through the estimated undiscounted cash flows expected to result from the use and eventual disposition of the assets. Whenever any such impairment exists, an impairment loss will be recognized for the amount by which the carrying value exceeds the fair value. During the years ended December 31, 2015and 2014, there was no impairment of long-lived assets. Income Taxes The company accounts for income taxes in accordance with ASC Topic 740, Income Taxes Loss Per Share The company follows the provisions of ASC Topic 260, Earnings per Share Basic earnings per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflects the potential dilution that could occur if stock options and other commitments to issue common stock were exercised or equity awards vest resulting in the issuance of common stock or conversion of notes into shares of the company’s common stock that could increase the number of shares outstanding and lower the earnings per share of the company’s common stock. This calculation is not done for periods in a loss position as this would be antidilutive. As of December 31, 2015, and 2014, there were no stock options or stock awards that would have been included in the computation of diluted earnings per share that could potentially dilute basic earnings per share in the future. Recently issued accounting pronouncements In November 2015, the FASB issued ASU No. 2015-17, "Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes." On September 25, 2015, the FASB issued Accounting Standards Update, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments. The amendments are effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The amendments should be applied prospectively to adjustments to provisional amounts that occur after the effective date of this Update with earlier application permitted for financial statements that have not been issued. This amendment will not have a material impact on our financial statements. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs. The new standard will require debt issuance costs to be presented on the balance sheet as a direct reduction of the carrying value of the associated debt liability, consistent with the presentation of debt discounts. Currently, debt issuance costs are presented as a deferred asset. The recognition and measurement requirements will not change as a result of this guidance. The standard is effective for the annual reporting periods beginning after December 15, 2015 and will be applied on a retrospective basis. This amendment will not have a material impact on our financial statements. There are several new accounting pronouncements issued by the Financial Accounting Standards Board (“FASB”) which are not yet effective. Each of these pronouncements, as applicable, has been or will be adopted by the Company. As of December 31, 2015, none of these pronouncements is expected to have a material effect on the financial position, results of operations or cash flows of the Company.

Going Concern

Going Concern	12 Months Ended
	Dec. 31, 2015
Going Concern [Abstract]
Going Concern	Note 2 – Going Concern At December 31, 2015 and December 31, 2014, the Company reported a net loss of $563,543 and $385,329, respectively. The Company believes that its existing capital resources may not be adequate to enable it to execute its business plan. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern. The Company estimates that it will require additional cash resources during 2016 and beyond based on its current operating plan and condition. The Company expects cash flows from operating activities to improve, primarily as a result of an increase in revenue and a decrease in certain operating expenses, although there can be no assurance thereof. The accompanying consolidated financial statements do not include any adjustments that might be necessary should we be unable to continue as a going concern. If we fail to generate positive cash flow or obtain additional financing, when required, we may have to modify, delay, or abandon some or all of our business and expansion plans. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amount and classification of liabilities that might cause results from this uncertainty.

Business Combination

Business Combination	12 Months Ended
	Dec. 31, 2015
Business Combination [Abstract]
Business Combination	Note 3 – Business Combination On March 17, 2015, the Company filed Articles of Merger with the Nevada SOS whereby it entered into a statutory merger with its wholly-owned subsidiary, GMCI Corp., pursuant to Nevada Revised Statutes 92A.200 et. seq. The effect of such merger is that the Company was the surviving entity and changed its name to "GMCI Corp." On March 19, 2015, the Company filed an Issuer Company-Related Action Notification Form with FINRA requesting that the aforementioned name change be effected in the market. The Company also requested that its ticker symbol be changed to "GMCI". On April 16, 2015, FINRA granted approval for the name change and the ticker symbol change. On March 26, 2015, GMCI entered into a Share Exchange Agreement (the "Agreement") with all of the shareholders of SBS Mining Corp. Malaysia Sdn. Bhd., ("SBS") a Malaysian corporation whose primary business is mining and exploration of properties located in Malaysia. Pursuant to the Share Exchange Agreement, the Company acquired 600,000 shares of capital stock of SBS from the SBS Shareholders and in exchange issued 500,000,000 restricted shares of its common stock to the SBS Shareholders. As a result of the aforementioned transactions a total of 802,346 shares of the Company’s common stock issued and outstanding at December 31, 2014 are reflected as part of the recapitalization transactions impacted March 26, 2015, in our Statements of Stockholder’s Equity (Deficit). As a result of the completion of this acquisition, SBS is now the Company's wholly-owned subsidiary. Pursuant to the terms and conditions of the acquisition agreement, we acquired 100% of the issued capital stock (600,000 common shares) of SBS in exchange for 500,000,000 shares of common stock of the Company. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed relative to the Parent company operations, at the business combination transaction date: Cash and bank balance $ 35 Other receivable and deposits 6,000 Total identifiable assets $ 6,035 Other payables and accruals $ 9,448 Amounts due to related parties 47,043 Convertible notes 195,000 Total identifiable liabilities $ 251,491 Net identifiable assets $ (245,456 )

Plant and Equipment

Plant and Equipment	12 Months Ended
	Dec. 31, 2015
Plant and Equipment [Abstract]
Plant and Equipment	Note 4 – Plant and Equipment December 31, 2014 Additions FX changes December 31, 2015 Cost Motor Vehicles $ 118,294 $ - $ (21,931 ) $ 96,363 Office equipment 7,060 984 (1,387 ) 6,657 Computers and software 4,696 2,386 (1,236 ) 5,846 Tools and equipment 606 (112 ) 494 $ 130,656 $ 3,370 $ (24,666 ) $ 109,360 December 31, 2014 Additions FX changes December 31, 2015 Accumulated depreciation Motor Vehicles $ 30,589 $ 21,246 $ (7,644 ) $ 44,191 Office equipment 2,867 2,045 (722 ) 4,190 Computers and software 1,586 1,982 (478 ) 3,090 Tools and equipment 170 181 (48 ) 303 $ 35,212 $ 25,454 $ (8,892 ) $ 51,774 December 31, 2013 Additions FX changes December 31, 2014 Cost Motor Vehicles $ 112,052 $ 13,960 $ (7,718 ) $ 118,294 Office equipment 4,569 2,952 (461 ) 7,060 Computers and software 741 4,276 (321 ) 4,696 Tools and equipment - 648 (42 ) 606 $ 117,362 $ 21,836 $ (8,542 ) 130,656 December 31, 2013 Additions FX changes December 31, 2014 Accumulated depreciation Motor Vehicles $ 7,241 $ 25,425 $ (2,077 ) $ 30,589 Office equipment 796 2,174 (103 ) 2,867 Computers and software 74 1,622 (110 ) 1,586 Tools and equipment - 181 (11 ) 170 $ 8,111 $ 29,402 $ (2,301 ) $ 35,212 December 31, 2015 December 31, 2014 Carrying Value Motor Vehicles $ 52,172 $ 87,705 Office equipment 2,467 4,193 Computers and software 2,756 3,110 Tools and equipment 191 436 $ 57,586 $ 95,444

Prepaid Expenses and Deposits

Prepaid Expenses and Deposits	12 Months Ended
	Dec. 31, 2015
Prepaid Expenses and Deposits [Abstract]
Prepaid expenses and deposits	Note 5 – Prepaid expenses and deposits December 31, 2015 December 31, 2014 Sundry receivables $ 4,471 $ 3,145 Deposits 23,194 3,288 Recoverable deposit from third party - 142,936 $ 27,665 $ 149,369

Mineral Licenses

Mineral Licenses	12 Months Ended
	Dec. 31, 2015
Mineral Licenses [Abstract]
Mineral Licenses	Note 6 – Mineral Licenses On January 6, 2014 the Company’s subsidiary, SBS, entered into two agreements with unrelated third parties, YM Tengku Dato’ Kalsom Ibni Al-Marhum Sultan Abu Bakar and YM Tengku Dato’ Norazahan Ibni Al-Marhum Sultan Abu Bakar where under the Company was granted in consideration of all work and fees payable on the underlying lands a power of attorney granting a license to prospect, extract and monetize iron ore on the following two (2) properties: NO Mining Land Mining Area (Hectares) 1 Sungai Bekil, Mukim Of Batu Talam, State Of Pahang Darul Makmur, Malaysia 50 2 Sungai Semeriang, Mukim Of Batu Talam, State Of Pahang Darul Makmur, Malaysia 50 The total mining area measures approximately 100 hectares (247 Acres). Under the terms of the agreements the Company may extract and sell the iron ore subject to the payment of 5% royalties, tributes, and all such other fees and expenses as may be assessed. Concurrently with the aforementioned agreements the Company and each of the respective parties entered into an exclusive operating agreement the terms of which set out terms and conditions for the mining operation including the annual costs of the mineral license, rents and other fees over the two-year term of the mineral license, totaling US$7,219 (RM$31,000) per mining area.

Convertible Note

Convertible Note	12 Months Ended
	Dec. 31, 2015
Convertible Note [Abstract]
Convertible Note	Note 7 – Convertible Note During the fiscal year ended December 31, 2014 the Company’s former parent company, Pacific Gold Corp. advanced a further $42,335 to fund our ongoing operations. On November 20, 2014, the Company entered a Debt Swap agreement with Pacific Gold Corp, whereby the Company indebtedness to the parent company totaling $204,932 as of November 20, 2014 was converted to $195,000 in convertible notes bearing interest at a rate of 10% per annum, with a conversion price of $0.05 per share, due and payable on November 20, 2016. The convertible note is payable to the brother of our former officer and director. On May 6, 2015, a General Release and Waiver of debt was entered into between the Company and the brother of our former office and director. Under the General Release and Waiver of debt, the debtor provided the Company a full waiver and release of the convertible note and deemed the convertible note null and void in exchange for the Company quit claiming certain mining claims in return. The Company recorded a total of $201,999 in respect of the aforementioned debt extinguishment of which $195,000 was principal and $6,999 was accrued interest. The entire amount was allocated to additional paid in capital.

Office Lease

Office Lease	12 Months Ended
	Dec. 31, 2015
Office Lease [Abstract]
Office Lease	Note 8 – Office Lease On February 28, 2014, the Company’s subsidiary entered into a two-year sublease commencing March 1, 2014 for shared office premises in Kuala Lumpur. Under the terms of the sublease the Company will pay monthly rent of $233 USD (RM$1,000) and shall be responsible for all monthly utilities. The Company has paid a deposit of two months rent and a deposit for utilities with a cumulative total of $466 USD (RM$2,000). In February 2015, the Company verbally agreed with the landlord to assume additional office space upon departure of the tenant with whom the sublease had been agreed. For the period February 2015 until November 2015, the Company paid base rent of $513 USD (RM$2,200). In November 2015, the Company and the landlord agreed to terminate the lease with no further obligation. On July 10, 2015, the Company’s subsidiary entered into a two-year lease commencing August 1, 2015 for office premises in Kuala Lumpur. Under the terms of the lease the Company will pay monthly rent of $605 USD (RM$2,600) and shall be responsible for all monthly utilities. The Company has paid a deposit of two months rent and a deposit for utilities with a cumulative total of $1,816 USD (RM$7,800). The annual lease commitment, exclusive of utilities is noted below: Fiscal 2016 - US$6,660 (RM$28,600) Fiscal 2017 - US$7,266 (RM$31,200) Fiscal 2018 - US$605 (RM$2,600)

Advances from Related Parties _

Advances from Related Parties / Related Parties Transactions	12 Months Ended
	Dec. 31, 2015
Advances from Related Parties / Related Parties Transactions [Abstract]
Advances from Related Parties / Related Parties Transactions	Note 9 – Advances from Related Parties / Related Parties Transactions (a) Expenses paid by related parties: December 31, 2015 December 31, 2014 Expenses paid on behalf of the Company by its Directors $ 219,792 $ 9,413 Expenses paid on behalf of the Company by controlling shareholder, LYF & Sons Realty Sdn. Bhd. $ 546,585 $ 482,854 Advances to the Company by Sincere Pacific Mining(M) Sdn. Bhd. (1) $ 16,122 - Total $ 782,499 $ 492,267 (1) Sincere Pacific Mining is a company which shares a director in common with SBS.

Common Stock

Common Stock	12 Months Ended
	Dec. 31, 2015
Common Stock [Abstract]
Common Stock	Note 10 – Common Stock The Company’s authorized common stock consists of 4,000,000,000 common shares with par value of $0.001 and 10,000,000 shares of preferred stock with par value of $0.001 per share. The Company had 500,000,000 common shares issued and outstanding as of December 31, 2014 as a result of the recapitalization and reverse merger transaction described above in Note 3. In addition, as of the transaction date, there were 802,346 On June 15, 2015, the Company entered into Subscription Agreements with its President and CEO, Mr. Lok Khing Ming, and Mr. Liew Kin Sing, a resident of Malaysia, whereby the Company sold to Mr. Lok 120 million shares of its common stock and sold to Mr. Liew 100 million shares of common stock. Both sales were priced at the par value of $0.001. Mr. Lok and Mr. Liew paid cash for these shares in July of 2016. As at December 31, 2015, the amounts payable under the aforementioned subscription agreements has been recorded on the balance sheet as “subscription receivable” As of December 31, 2015 and December 31, 2014, the Company has 720,802,346 and 500,000,000 shares of common stock issued and outstanding.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Taxes [Abstract]
Income Taxes	Note 11 – Income Taxes The Company uses the liability method, where deferred tax assets and liabilities are determined based on the expected future tax consequences of temporary differences between the carrying amounts of assets and liabilities for financial and income tax reporting purposes. During 2015 and 2014, the Company incurred net losses and, therefore, has no tax liability. The net deferred tax asset generated by the loss carry-forward has been fully reserved. The cumulative net operating loss carry-forward is approximately $1,001,468 and $437,925 at December 31, 2015 and 2014, respectively, and will begin to expire in the year 2034. The Company had deferred income tax assets as of December 31, 2015, and 2014 as follows: December 31, 2015 December 31, 2014 Operating loss carryforwards before income tax $ 1,001,483 $ 437,925 Expected recovery at statutory rate 34% 34% 34% Loss carryforwards 340,504 148,895 Less - valuation allowance (340,504 ) (148,895 ) Total net deferred tax assets $ - $ -

Organization and Summary of S18

Organization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Organization and Summary of Significant Accounting Policies [Abstract]
Principals of Consolidation	Principals of Consolidation The consolidated financial statements include the accounts of GMCI and its wholly-owned subsidiary SBS. All significant intercompany balances and transactions have been eliminated.
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America ("US GAAP") and are presented in U.S. dollars.
Reclassification	Reclassification Certain reclassifications have been made to the prior period’s financial statements to conform to the current period’s presentation.
Use of Estimates and Assumptions	Use of Estimates and Assumptions. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results when ultimately realized could differ from these estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. At December 31, 2015, cash includes cash on hand and cash in the bank.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The carrying value of financial instruments including cash and cash equivalents, receivables, prepaid expenses, accounts payable and accrued expenses, approximates their fair value due to the relatively short-term nature of these instruments.
Foreign Currencies	Foreign Currencies Functional and presentation currency Transactions and balances Subsidiaries i) assets and liabilities are translated at the closing rate at the date of the balance sheet; ii) income and expenses are translated at average exchange rates; iii) all resulting exchange differences are recognized as other comprehensive income, a separate component of equity.
Plant and equipment and depreciation	Plant and equipment and depreciation Plant and equipment are stated at cost less accumulated depreciation and impairment loss, if any. Depreciation is calculated on straight line basis to write off the cost of plant and equipment over their expected useful lives at the following annual rates: Motor Vehicles 20 % Office equipment 33 % Tools and equipment 33 % Computer and software 33 %
Mineral Properties	Mineral Properties The Company is primarily engaged in the business of the acquisition, exploration, development, mining, and production of mineral properties and or resources, with a current emphasis on iron ore, bauxite and tin. Mineral claims and other property acquisition costs are capitalized as incurred. Such costs are carried as an asset of the Company until it becomes apparent through exploration activities that the cost of such properties will not be realized through mining operations. Mineral exploration costs are expensed as incurred, and when it becomes apparent that a mineral property can be economically developed as a result of establishing proven or probable reserve, the exploration costs, along with mine development costs, are capitalized. The costs of acquiring mineral claims, capitalized exploration costs, and mine development costs are recognized for depletion and amortization purposes under the units-of-production method over the estimated life of the probable and proven reserves. If mineral properties, exploration, or mine development activities are subsequently abandoned or impaired, any capitalized costs are charged to operations in the current period.
Exploration expenditures	Exploration expenditures Exploration, acquisition (except for property purchase costs), and general and administrative costs related to exploration projects and prospecting activities are charged to expense as incurred. During the years ended 2015 and 2014, the Company incurred exploration expenses of $2,829 and $134,762, respectively. As at June 30, 2014 the Company had completed its prospecting activities in relation to certain iron ore resources, at which time all associated overhead pending the extraction of the resource in place has been allocated to general operating expense, save certain annual expenses for permitting and licensing of the property which are recorded in the current period.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable through the estimated undiscounted cash flows expected to result from the use and eventual disposition of the assets. Whenever any such impairment exists, an impairment loss will be recognized for the amount by which the carrying value exceeds the fair value. During the years ended December 31, 2015and 2014, there was no impairment of long-lived assets.
Income Taxes	Income Taxes The company accounts for income taxes in accordance with ASC Topic 740, Income Taxes
Loss Per Share	Loss Per Share The company follows the provisions of ASC Topic 260, Earnings per Share Basic earnings per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflects the potential dilution that could occur if stock options and other commitments to issue common stock were exercised or equity awards vest resulting in the issuance of common stock or conversion of notes into shares of the company’s common stock that could increase the number of shares outstanding and lower the earnings per share of the company’s common stock. This calculation is not done for periods in a loss position as this would be antidilutive. As of December 31, 2015, and 2014, there were no stock options or stock awards that would have been included in the computation of diluted earnings per share that could potentially dilute basic earnings per share in the future.
Recently issued accounting pronouncements	Recently issued accounting pronouncements In November 2015, the FASB issued ASU No. 2015-17, "Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes." On September 25, 2015, the FASB issued Accounting Standards Update, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments. The amendments are effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The amendments should be applied prospectively to adjustments to provisional amounts that occur after the effective date of this Update with earlier application permitted for financial statements that have not been issued. This amendment will not have a material impact on our financial statements. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs. The new standard will require debt issuance costs to be presented on the balance sheet as a direct reduction of the carrying value of the associated debt liability, consistent with the presentation of debt discounts. Currently, debt issuance costs are presented as a deferred asset. The recognition and measurement requirements will not change as a result of this guidance. The standard is effective for the annual reporting periods beginning after December 15, 2015 and will be applied on a retrospective basis. This amendment will not have a material impact on our financial statements. There are several new accounting pronouncements issued by the Financial Accounting Standards Board (“FASB”) which are not yet effective. Each of these pronouncements, as applicable, has been or will be adopted by the Company. As of December 31, 2015, none of these pronouncements is expected to have a material effect on the financial position, results of operations or cash flows of the Company.

Organization and Summary of S19

Organization and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Organization and Summary of Significant Accounting Policies [Abstract]
Schedule of plant and equipment expected useful lives	Motor Vehicles 20 % Office equipment 33 % Tools and equipment 33 % Computer and software 33 %

Business Combination (Tables)

Business Combination (Tables)	12 Months Ended
	Dec. 31, 2015
Business Combination [Abstract]
Summary of estimated fair values of assets acquired and liabilities assumed relative to parent company operations	Cash and bank balance $ 35 Other receivable and deposits 6,000 Total identifiable assets $ 6,035 Other payables and accruals $ 9,448 Amounts due to related parties 47,043 Convertible notes 195,000 Total identifiable liabilities $ 251,491 Net identifiable assets $ (245,456 )

Plant and Equipment (Tables)

Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2015
Plant and Equipment [Abstract]
Schedule of plant and equipment	December 31, 2014 Additions FX changes December 31, 2015 Cost Motor Vehicles $ 118,294 $ - $ (21,931 ) $ 96,363 Office equipment 7,060 984 (1,387 ) 6,657 Computers and software 4,696 2,386 (1,236 ) 5,846 Tools and equipment 606 (112 ) 494 $ 130,656 $ 3,370 $ (24,666 ) $ 109,360 December 31, 2014 Additions FX changes December 31, 2015 Accumulated depreciation Motor Vehicles $ 30,589 $ 21,246 $ (7,644 ) $ 44,191 Office equipment 2,867 2,045 (722 ) 4,190 Computers and software 1,586 1,982 (478 ) 3,090 Tools and equipment 170 181 (48 ) 303 $ 35,212 $ 25,454 $ (8,892 ) $ 51,774 December 31, 2013 Additions FX changes December 31, 2014 Cost Motor Vehicles $ 112,052 $ 13,960 $ (7,718 ) $ 118,294 Office equipment 4,569 2,952 (461 ) 7,060 Computers and software 741 4,276 (321 ) 4,696 Tools and equipment - 648 (42 ) 606 $ 117,362 $ 21,836 $ (8,542 ) 130,656 December 31, 2013 Additions FX changes December 31, 2014 Accumulated depreciation Motor Vehicles $ 7,241 $ 25,425 $ (2,077 ) $ 30,589 Office equipment 796 2,174 (103 ) 2,867 Computers and software 74 1,622 (110 ) 1,586 Tools and equipment - 181 (11 ) 170 $ 8,111 $ 29,402 $ (2,301 ) $ 35,212 December 31, 2015 December 31, 2014 Carrying Value Motor Vehicles $ 52,172 $ 87,705 Office equipment 2,467 4,193 Computers and software 2,756 3,110 Tools and equipment 191 436 $ 57,586 $ 95,444

Prepaid Expenses and Deposits (

Prepaid Expenses and Deposits (Tables)	12 Months Ended
	Dec. 31, 2015
Prepaid Expenses and Deposits [Abstract]
Schedule of prepaid expenses and deposits	December 31, 2015 December 31, 2014 Sundry receivables $ 4,471 $ 3,145 Deposits 23,194 3,288 Recoverable deposit from third party - 142,936 $ 27,665 $ 149,369

Mineral Licenses (Tables)

Mineral Licenses (Tables)	12 Months Ended
	Dec. 31, 2015
Mineral Licenses [Abstract]
Schedule of mineral licenses	NO Mining Land Mining Area (Hectares) 1 Sungai Bekil, Mukim Of Batu Talam, State Of Pahang Darul Makmur, Malaysia 50 2 Sungai Semeriang, Mukim Of Batu Talam, State Of Pahang Darul Makmur, Malaysia 50

Advances from Related Parties24

Advances from Related Parties / Related Parties Transactions (Tables)	12 Months Ended
	Dec. 31, 2015
Advances from Related Parties / Related Parties Transactions [Abstract]
Schedule of advances from related parties / related parties transactions	December 31, 2015 December 31, 2014 Expenses paid on behalf of the Company by its Directors $ 219,792 $ 9,413 Expenses paid on behalf of the Company by controlling shareholder, LYF & Sons Realty Sdn. Bhd. $ 546,585 $ 482,854 Advances to the Company by Sincere Pacific Mining(M) Sdn. Bhd. (1) $ 16,122 - Total $ 782,499 $ 492,267 (1) Sincere Pacific Mining is a company which shares a director in common with SBS.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Taxes [Abstract]
Schedule of deferred income tax assets	December 31, 2015 December 31, 2014 Operating loss carryforwards before income tax $ 1,001,483 $ 437,925 Expected recovery at statutory rate 34% 34% 34% Loss carryforwards 340,504 148,895 Less - valuation allowance (340,504 ) (148,895 ) Total net deferred tax assets $ - $ -

Organization and Summary of S26

Organization and Summary of Significant Accounting Policies (Details)	Dec. 31, 2015
Motor Vehicles [Member]
Property, Plant and Equipment [Line Items]
Depreciation rates of plant and equipment	20.00%
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Depreciation rates of plant and equipment	33.00%
Tools and equipment [Member]
Property, Plant and Equipment [Line Items]
Depreciation rates of plant and equipment	33.00%
Computer and software [Member]
Property, Plant and Equipment [Line Items]
Depreciation rates of plant and equipment	33.00%

Organization and Summary of S27

Organization and Summary of Significant Accounting Policies (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
	Mar. 26, 2015	Dec. 31, 2015	Dec. 31, 2014
Organization and Summary of Significant Accounting Policies (Textual)
Date of incorporated		Jun. 28, 2006
Exploration expense		$ 2,829	$ 134,762
Share Exchange Agreement | SBS Mining Corp. Malaysia Sdn. Bhd., ("SBS") [Member]
Organization and Summary of Significant Accounting Policies (Textual)
Capital stock issued for acquisition, shares	600,000
Common stock issued as part of recapitalization	802,346
Restricted shares of common stock	500,000,000

Going Concern (Details)

Going Concern (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Going Concern (Textual)
Net loss	$ (563,543)	$ (385,329)

Business Combination (Details)

Business Combination (Details)	Mar. 17, 2015USD ($)
Business Combination [Abstract]
Cash and bank balance	$ 35
Other receivable and deposits	6,000
Total identifiable assets	6,035
Other payables and accruals	9,448
Amounts due to related parties	47,043
Convertible notes	195,000
Total identifiable liabilities	251,491
Net identifiable assets	$ (245,456)

Business Combination (Details T

Business Combination (Details Textual)	1 Months Ended
	Mar. 26, 2015shares
Business Combination (Textual)
Percentage of acquisition	100.00%
Share Exchange Agreement [Member] | SBS Mining Corp. Malaysia Sdn. Bhd., ("SBS") [Member]
Business Combination (Textual)
Capital stock issued for acquisition, shares	600,000
Common stock issued as part of recapitalization	802,346
Restricted shares of common stock	500,000,000

Plant and Equipment (Details)

Plant and Equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Plant and equipment cost, beginning balance	$ 130,656	$ 117,362
Plant and equipment, Additions	3,370	21,836
Plant and equipment, FX changes	(24,666)	(8,542)
Plant and equipment cost, ending balance	109,360	130,656
Plant and equipment accumulated depreciation, beginning balance	35,212	8,111
Plant and equipment accumulated depreciation, Additions	25,454	29,402
Plant and equipment accumulated depreciation, FX changes	(8,892)	(2,301)
Plant and equipment accumulated depreciation, ending balance	51,774	35,212
Plant and equipment, carrying value	57,586	95,444
Motor Vehicles [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment cost, beginning balance	118,294	112,052
Plant and equipment, Additions		13,960
Plant and equipment, FX changes	(21,931)	(7,718)
Plant and equipment cost, ending balance	96,363	118,294
Plant and equipment accumulated depreciation, beginning balance	30,589	7,241
Plant and equipment accumulated depreciation, Additions	21,246	25,425
Plant and equipment accumulated depreciation, FX changes	(7,644)	(2,077)
Plant and equipment accumulated depreciation, ending balance	44,191	30,589
Plant and equipment, carrying value	52,172	87,705
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment cost, beginning balance	7,060	4,569
Plant and equipment, Additions	984	2,952
Plant and equipment, FX changes	(1,387)	(461)
Plant and equipment cost, ending balance	6,657	7,060
Plant and equipment accumulated depreciation, beginning balance	2,867	796
Plant and equipment accumulated depreciation, Additions	2,045	2,174
Plant and equipment accumulated depreciation, FX changes	(722)	(103)
Plant and equipment accumulated depreciation, ending balance	4,190	2,867
Plant and equipment, carrying value	2,467	4,193
Computers and software [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment cost, beginning balance	4,696	741
Plant and equipment, Additions	2,386	4,276
Plant and equipment, FX changes	(1,236)	(321)
Plant and equipment cost, ending balance	5,846	4,696
Plant and equipment accumulated depreciation, beginning balance	1,586	74
Plant and equipment accumulated depreciation, Additions	1,982	1,622
Plant and equipment accumulated depreciation, FX changes	(478)	(110)
Plant and equipment accumulated depreciation, ending balance	3,090	1,586
Plant and equipment, carrying value	2,756	3,110
Tools and equipment [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment cost, beginning balance	606
Plant and equipment, Additions		648
Plant and equipment, FX changes	(112)	(42)
Plant and equipment cost, ending balance	494	606
Plant and equipment accumulated depreciation, beginning balance	170
Plant and equipment accumulated depreciation, Additions	181	181
Plant and equipment accumulated depreciation, FX changes	(48)	(11)
Plant and equipment accumulated depreciation, ending balance	303	170
Plant and equipment, carrying value	$ 191	$ 436

Prepaid Expenses and Deposits32

Prepaid Expenses and Deposits (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Prepaid Expenses and Deposits [Abstract]
Sundry receivables	$ 4,471	$ 3,145
Deposits	23,194	3,288
Recoverable deposit from third party		142,936
Total	$ 27,665	$ 149,369

Mineral Licenses (Details)

Mineral Licenses (Details)	Dec. 31, 2015ha
Sungai Bekil, Mukim Of Batu Talam, State Of Pahang Darul Makmur, Malaysia [Member]
Mineral Licenses [Line Items]
Mining Land	50
Sungai Semeriang, Mukim Of Batu Talam, State Of Pahang Darul Makmur, Malaysia [Member]
Mineral Licenses [Line Items]
Mining Land	50

Mineral Licenses (Details Textu

Mineral Licenses (Details Textual) - 12 months ended Dec. 31, 2015	USD ($)	MYR
Mineral Licenses (Textual)
Description of total mining area	The total mining area measures approximately 100 hectares (247 Acres).	The total mining area measures approximately 100 hectares (247 Acres).
Payment of royalties percentage	5.00%	5.00%
Mineral license term	2 years	2 years
Cost of totaling mining area	$ 7,219	MYR 31,000

Convertible Note (Details)

Convertible Note (Details) - USD ($)	1 Months Ended	12 Months Ended
	Nov. 20, 2014	Dec. 31, 2015	Dec. 31, 2014
Convertible Note (Textual)
Debt extinguishment amount		$ 201,999
Debt extinguishment principal amount		195,000
Debt extinguishment interest amount		$ 6,999
Pacific Gold Corp. [Member]
Convertible Note (Textual)
Advanced fund on ongoing operations			$ 42,335
Pacific Gold Corp. [Member] | Debt Swap agreement [Member]
Convertible Note (Textual)
Amount of indebtedness	$ 204,932
Interest rate	10.00%
Converted into convertible notes	$ 195,000
Conversion price	$ 0.05

Office Lease (Details)

Office Lease (Details)	Jul. 10, 2015USD ($)	Jul. 10, 2015MYR	Feb. 28, 2014USD ($)	Feb. 28, 2014MYR	Nov. 30, 2015USD ($)	Nov. 30, 2015MYR	Jul. 10, 2015MYR
Office Lease (Textual)
Monthly rent expense	$ 605	MYR 2,600	$ 233	MYR 1,000
Cumulative total	1,816	MYR 7,800	$ 466	MYR 2,000
Base rent paid					$ 513	MYR 2,200
Fiscal 2,016	6,660						MYR 28,600
Fiscal 2,017	7,266						31,200
Fiscal 2,018	$ 605						MYR 2,600

Advances from Related Parties37

Advances from Related Parties / Related Parties Transactions (Details) - USD ($)		Dec. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Expenses / Advances paid on behalf of the Company		$ 782,499	$ 492,267
Directors [Member]
Related Party Transaction [Line Items]
Expenses / Advances paid on behalf of the Company		219,792	9,413
LYF & Sons Realty Sdn Bhd [Member]
Related Party Transaction [Line Items]
Expenses / Advances paid on behalf of the Company		546,585	482,854
Sincere Pacific Mining(M) Sdn Bhd. [Member]
Related Party Transaction [Line Items]
Expenses / Advances paid on behalf of the Company	[1]	$ 16,122
[1]	Sincere Pacific Mining is a company which shares a director in common with SBS.

Common Stock (Details)

Common Stock (Details) - $ / shares	Jun. 15, 2015	Dec. 31, 2015	Dec. 31, 2014
Common Stock (Textual)
Common stock, shares authorized		4,000,000,000	4,000,000,000
Common stock, par value		$ 0.001	$ 0.001
Common stock, shares issued		720,802,346	500,000,000
Common stock, shares outstanding		720,802,346	500,000,000
Preferred stock, par value		$ 0.001	$ 0.001
Preferred stock, shares authorized		10,000,000	10,000,000
Subscription Agreements [Member] | Mr. Lok Khing Ming [Member]
Common Stock (Textual)
Issuance of common stock, shares	120,000,000
Common stock, par value	$ 0.001
Subscription Agreements [Member] | Mr. Liew Kin Sing [Member]
Common Stock (Textual)
Issuance of common stock, shares	100,000,000
Common stock, par value	$ 0.001
Common Stock [Member]
Common Stock (Textual)
Common stock issued as part of recapitalization		802,346
Issuance of common stock, shares		220,000,000	416,666,667

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Deferred income tax assets
Operating loss carryforwards before income tax	$ 1,001,483	$ 437,925
Expected recovery at statutory rate 34%	34.00%	34.00%
Loss carryforwards	$ 340,504	$ 148,895
Less - valuation allowance	(340,504)	(148,895)
Total net deferred tax assets

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Taxes (Textual)
Net operating loss carry-forward	$ 1,001,483	$ 437,925
Net operating loss carry-forward, expire description	Begin to expire in the year 2034.
Expected recovery at statutory rate	34.00%	34.00%