Atacama Resources International (ACRL) 10-Q 13 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	6 Months Ended
	Jun. 30, 2015	Aug. 13, 2015	Jun. 30, 2014
Document and Entity Information:
Entity Registrant Name	Atacama Resources International, Inc.
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Trading Symbol	arin
Amendment Flag	false
Entity Central Index Key	1,584,618
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		31,725,000
Entity Public Float			$ 0
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	Yes
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2

Atacama Resources International

Atacama Resources International, Inc. - Condensed Balance Sheets as of June 30, 2015 (Unaudited) and December 31, 2014 (Audited) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Current Assets
Cash and cash equivalents	$ 128	$ 1,693
Prepaid expense	2,250	0
Total Current Assets	2,378	1,693
TOTAL ASSETS	2,378	1,693
Current Liabilities
Accounts payable	41,987	36,400
Accrued expenses	41,708	31,099
Due to related party	3,664	0
Note payable - related party	17,229	2,500
Notes payable	199,878	199,800
Total Current Liabilities	304,466	269,799
TOTAL LIABILITIES	304,466	269,799
Stockholders' Deficit
Common stock: $0.0001 par value 500,000,000 authorized; 31,725,000 and 31,725,000 shares issued and outstanding, respectively	3,173	3,173
Additional paid-in capital	666,127	666,127
Accumulated deficit	(971,388)	(937,406)
Total Stockholders' Deficit	(302,088)	(268,106)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 2,378	$ 1,693

Atacama Resources Internationa3

Atacama Resources International, Inc. - Condensed Balance Sheets (Parentheticals) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Statement of Financial Position
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	31,725,000	31,725,000
Common stock, shares outstanding	31,725,000	31,725,000

Atacama Resources Internationa4

Atacama Resources International, Inc. - Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement
REVENUE	$ 0	$ 0	$ 0	$ 0
OPERATING EXPENSES
Stock based compensation	0	0	0	32,500
Exploration cost	3,748	0	4,079	0
Professional fees	5,852	51,900	13,987	106,350
Selling, general and administrative expenses	2,475	0	5,307	0
Total Operating Expenses	12,075	51,900	23,373	138,850
Net loss from operations	(12,075)	(51,900)	(23,373)	(138,850)
Other income (expense)
Interest expense	(5,401)	(5,050)	(10,609)	(10,045)
Net loss before income taxes	(17,476)	(56,950)	(33,982)	(148,895)
Income taxes	0	0	0	0
Net Loss	$ (17,476)	$ (56,950)	$ (33,982)	$ (148,895)
Basic and diluted loss per share	$ 0	$ 0	$ 0	$ 0
Weighted average number of shares outstanding	31,725,000	31,725,000	31,725,000	31,725,000

Atacama Resources Internationa5

Atacama Resources International, Inc. - Condensed Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss	$ (33,982)	$ (148,895)
Adjustments to reconcile net loss to net cash provided (used in) operating activities:
Stock based compensation	0	32,500
(Increase) decrease in operating assets:
Prepaid expense	(2,250)	94,350
Increase (decrease) in operating liabilities:
Accounts payable	5,587	9,500
Due to a related party	3,664	0
Accrued interest	10,609	10,045
Net cash provided by (used in) operating activities	(16,372)	(2,500)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes payable	14,807	0
Proceeds from issuance of stock	0	0
Net cash provided by financing activities	14,807	0
Net change in cash and cash equivalents	(1,565)	(2,500)
Cash and cash equivalents beginning of period	1,693	6,198
Cash and cash equivalents end of period	128	3,698
Supplemental cash flow information:
Cash paid for interest	0	0
Cash paid for taxes	0	0
Non-cash Transactions	$ 0	$ 0

Note 1. Nature of Business

Note 1. Nature of Business	6 Months Ended
	Jun. 30, 2015
Notes
Note 1. Nature of Business	ORGANIZATION Atacama Resources International, Inc., f/k/a Arrakis Mining Research, Inc. (hereinafter “ARII”) is a company incorporated in the State of Florida in June 2013. We were formed as a consultant to the mining industry. The mining industry is subject to constant change due to market trends, thereby making it extremely competitive. The mining industry is complex, because several segments are regulated by both federal and state governments. ARII’s approach assists general business operations with the growth and development, international expansion and marketing aspects of their business, allowing our potential customers to focus on the business aspects of operations. By using the services provided by ARII, our clients are free to focus on compliance with regulations within their industry, and to complete their primary business goals.

Note 2. Going Concern

Note 2. Going Concern	6 Months Ended
	Jun. 30, 2015
Notes
Note 2. Going Concern	The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating cost and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan to obtain such resources for the Company include, obtaining capital from management and significant stockholders sufficient to meet its minimal operating expenses. However, management cannot provide any assurance that the Company will be successful in accomplishing any of its plans. There is no assurance that the Company will be able to obtain sufficient additional funds when needed or that such funds, if available, will be obtainable on terms satisfactory to the Company. In addition, profitability will ultimately depend upon the level of revenues received from business operations. However, there is no assurance that the Company will attain profitability. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Note 3. Summary of Significant

Note 3. Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Notes
Note 3. Summary of Significant Accounting Policies	UNAUDITED INTERIM FINANICAL STATEMENTS The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements please refer to our 2014 Annual Report on Form 10-K, filed on April 13, 2015. In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year. BASIS OF PRESENTATION AND USE OF ESTIMATES The Company prepares its financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP"), which require 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 reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. CASH AND CASH EQUIVALENTS The Company considers all highly liquid investments with an original maturity of three months or less at the date of acquisition to be cash equivalents. Cash and cash equivalents totaled $128 at June 30, 2015 and $1,693 at December 31, 2014. CASH FLOWS REPORTING The Company follows ASC 230, Statement of Cash Flows, for cash flows reporting, classifies cash receipts and payments according to whether they stem from operating, investing, or financing activities and provides definitions of each category, and uses the indirect or reconciliation method (“Indirect method”) as defined by ASC 230, Statement of Cash Flows, to report net cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the effects of (a) all deferrals of past operating cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are included in net income that do not affect operating cash receipts and payments. The Company reports the reporting currency equivalent of foreign currency cash flows, using the current exchange rate at the time of the cash flows and the effect of exchange rate changes on cash held in foreign currencies is reported as a separate item in the reconciliation of beginning and ending balances of cash and cash equivalents and separately provides information about investing and financing activities not resulting in cash receipts or payments in the period. EXPLORATION AND DEVELOPMENT COSTS Costs of acquiring mining properties and any exploration and development costs are expensed as incurred unless proven and probable reserves exist and the property is a commercially mineable property in accordance with FASB ASC 930, Extractive Activities – Mining. Mine development costs incurred either to develop new gold and silver deposits, expand the capacity of operating mines, or to develop mine areas substantially in advance of current production are capitalized. Costs incurred to maintain current production or to maintain assets on a standby basis are charged to operations. Costs of abandoned projects are charged to operations upon abandonment. The Company evaluates at least quarterly, the carrying value of capitalized mining costs and related property, plant and equipment costs, if any, to determine if these costs are in excess of their net realizable value and if a permanent impairment needs to be recorded. The periodic evaluation of carrying value of capitalized costs and any related property, plant and equipment costs are based upon expected future cash flows and/or estimated salvage value. The Company capitalizes costs for mining properties by individual property and defers such costs for later amortization only if the prospects for economic productions are reasonably certain. Capitalized costs are expensed in the period when the termination has been made that economic production does not appear reasonably certain. During the six months ending June 30, 2015 and 2014, the Company recorded exploration costs of $4,079 and $0, respectively. RELATED PARTIES The Company follows ASC 850, “Related Party Disclosures,” for the identification of related parties and disclosure of related party transactions. Related party transactions are summarized in Note 7. FINANCIAL INSTRUMENTS The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization. ASC 820, Fair Value Measurements and Disclosures · · · Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of June 30, 2015 and December 31, 2014. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. REVENUE RECOGNITION The Company follows ASC 605, Revenue Recognition The Company derives revenue from consulting arrangements with clients. Revenue is generated by hourly fee structure or fixed contract costs, based on expected time to complete, additionally, costs incurred may be billed, as defined by the contractual arrangements. DEFERRED INCOME TAXES AND VALUATION ALLOWANCE The Company accounts for income taxes under ASC 740, Income Taxes NET INCOME (LOSS) PER COMMON SHARE Net income (loss) per share is calculated in accordance with ASC 260, “Earnings Per Share.” The weighted-average number of common shares outstanding during each period is used to compute basic earning or loss per share. Diluted earnings or loss per share is computed using the weighted average number of shares and diluted potential common shares outstanding. Dilutive potential common shares are additional common shares assumed to be exercised. Basic net income (loss) per common share is based on the weighted average number of shares of common stock outstanding at June 30, 2015 and December 31, 2014. As of June 30, 2015, the Company had no dilutive potential common shares. SHARE-BASED EXPENSE ASC 718, Compensation – Stock Compensation The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50, Equity – Based Payments to Non-Employees. Share-based expense was $0 for the six months ending June 30, 2015 and $32,500 for the six months ending June 30, 2014. RECENT ACCOUNTING PRONOUNCEMENTS Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification We have reviewed the FASB issued Accounting Standard Update (“ASU 2014-10”) and have applied the standard as of the dates during the periods reported. We have reviewed the FASB issued Accounting Standard Update (“ASU 2014-9”). The Company does not believe that the new or modified principal will not have a material effect on these financial statements. We have reviewed the FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.

Note 4. Income Taxes

Note 4. Income Taxes	6 Months Ended
	Jun. 30, 2015
Notes
Note 4. Income Taxes	At , the Company had a net operating loss carry–forward for Federal income tax purposes of approximately $ that may be offset against future taxable income through 2032 No tax benefit has been reported with respect to these net operating loss carry-forwards in the accompanying financial statements because the Company believes that the realization of the Company’s net deferred tax assets calculated at the effective rates note below, was not considered more likely than not and accordingly, the potential tax benefits of the net loss carry-forwards are fully offset by the valuation allowance. Deferred tax assets consist primarily of the tax effect of NOL carry-forwards. The Company has provided a full valuation allowance on the deferred tax assets because of the uncertainty regarding its realizability. The Company’s tax expense differs from the “expected” tax expense for Federal income tax purposes (computed by applying the United States Federal tax rate of 34% and State tax rate of 3.6% to income before taxes), as follows: For the Period Ended June 30, 2015 For the Period Ended June 30, 2014 Tax expense (benefit) at the statutory rate $ (12,000) $ (40,000) State income taxes, net of federal income tax benefit (1,000) (4,000) Change in valuation allowance 13,000 44,000 Total $ --- $ --- The tax effects of the temporary differences between reportable financial statement income and taxable income are recognized as deferred tax assets and liabilities. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. For the year ended 31, 2014, the Company has net operating losses from operations. The carry forwards expire through the year 2032. The Company’s net operating loss carry forward may be subject to annual limitations, which could reduce or defer the utilization of the losses as a result of an ownership change as defined in Section 382 of the Internal Revenue Code. A valuation allowance has been applied due to the uncertainty of realization. The Company’s net deferred tax asset as of 31, 2014 is as follows: June 30, 2015 December 31, 2014 Deferred tax assets $ 365,000 $ 340,000 Valuation allowance (365,000) (340,000) Net deferred tax asset $ --- $ --- The Company is currently open to audit under the statute of limitations by the Internal Revenue Service for the 2013 through 2014. The Company recognizes interest and penalties related to income taxes in income tax expense. The Company had incurred no penalties and interest .

Note 5. Shareholders' Equity

Note 5. Shareholders' Equity	6 Months Ended
	Jun. 30, 2015
Notes
Note 5. Shareholders' Equity	The Company, through approval of its Board of Directors, authorized common shares of 500,000,000 with a par value of $0.0001. COMMON STOCK On March 24, 2014, the Company issued 325,000 shares, at $0.10 per share, to Soellingen Advisory Group, Inc., a non-related party, in exchange for value of consulting services totaling $32,500 . In August 2014, the Board of Directors cancelled 12,000,000 shares that were issued in anticipation of services to be performed. The following shares were cancelled due to non-performance. The shares were originally issued at par $0.0001 . 1. Foster Smith 6,000,000 2. Bruce Hartley 2,000,000 3. Gerald Ernst 2,000,000 4. Kavita Khandelwal 2,000,000 Subsequently Management, on August 29, 2014, the Company issued 1,200,000 shares to Ken Olsen, Former CEO and director, 2,098,600 shares to Glenn Grant, CEO and director, 125,000 shares to Raymond Skaff, director, 1,648,840 shares to Nelson Riis, advisor and 6,927,560 shares to other non-related parties that have been instrumental in the progress of the company for services rendered. The Company issued a total of, 12,000,000 shares at $0.05 per share for consulting services totaling $600,000. There were 31,725,000 shares of common stock issued and outstanding at June 30, 2015.

Note 6. Related Party

Note 6. Related Party	6 Months Ended
	Jun. 30, 2015
Notes
Note 6. Related Party	DUE TO RELATED PARTY During the six months ended June 30, 2015, Glenn Grant, CEO and director paid certain expenses on behalf of the Company and is due reimbursement travel expenses. As of June 30, 2015 the balance due to related party was $3,664. NOTE PAYABLE On December 4, 2014, Glenn Grant, advisor to the Company executed a demand note with the Company. The note carries an Eight percent (8%) annual percentage rate. The balance of the related party note as of June 30, 2015 and December 31, 2014 were $17,229 and $2,500, respectively. EQUITY TRANSACTIONS On June 15, 2013, through approval of its Board of Directors, the Company issued 6,000,000 shares, at par value $0.0001 to Glen Grant, CEO and director in exchange for services totaling $600 . On August 29, 2014 through approval of its Board of Directors, the Company issued 2,098,600 shares at $0.05 per share to Glen Grant, CEO and director in exchange for services totaling $104,930.

Note 7. Notes Payable

Note 7. Notes Payable	6 Months Ended
	Jun. 30, 2015
Notes
Note 7. Notes Payable	Notes payable consisted of the following: June 30, 2015 December 31, 2014 Glenn Grant, CEO, President and director to the Company executed a demand note with the Company. The note carries an Eight percent (8%) annual percentage rate. Accrued interest at June 30, 2015 and December 31, 2014 was $579 and $16, respectively. $ 17,229 $ 2,500 New Opportunity Business Solutions, Inc., a non-related party note payable for consulting services to the Company. Atacama Resources International, Inc. (f/k/a Arrakis Mining Research, Inc.) (ARII) is a client of New Opportunity Business Solutions, Inc. The original amount of the note payable was $199,800. The note states a 10% interest rate with no set maturity date and is due on demand. Payment of principal and interest is due on demand and is not contingent. However to the extent that the Company incurs expense to accomplish the goal of the consulting agreement, the obligation of the company shall be reduced an equal amount. The note is as support for the consulting fee which was owed by ARII but not paid as required. Accrued interest at June 30, 2015 and December 31, 2014 was $41,129 and $31,083, respectively. $ 199,878 $ 199,800 Total notes payable $ 217,107 $ 202,300 Current portion $ 217,107 $ 202,300

Note 8. Prepaid Expense

Note 8. Prepaid Expense	6 Months Ended
	Jun. 30, 2015
Notes
Note 8. Prepaid Expense	The Company paid the law offices of Clifford J. Hunt, P.A. $2,250 retainer. The prepaid balance was $2,250 and $0, on June 30, 2015 and December 31, 2014, respectively.

Note 9. Commitments and Conting

Note 9. Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Notes
Note 9. Commitments and Contingencies	From time to time the Company may be a party to litigation matters involving claims against the Company. Management believes that there are no current matters that would have a material effect on the Company’s financial position or results of operations.

Note 10. Warrants and Options

Note 10. Warrants and Options	6 Months Ended
	Jun. 30, 2015
Notes
Note 10. Warrants and Options	There are no warrants or options outstanding to acquire any additional shares of common stock of the Company as of June 30, 2015.

Note 11. Subsequent Events

Note 11. Subsequent Events	6 Months Ended
	Jun. 30, 2015
Notes
Note 11. Subsequent Events	Management has evaluated subsequent events through the date the financial statements were issued. Based on our evaluation no events have occurred requiring adjustment to or disclosure in the financial statements.

Note 3. Summary of Significan17

Note 3. Summary of Significant Accounting Policies: UNAUDITED INTERIM FINANICAL STATEMENTS (Policies)	6 Months Ended
	Jun. 30, 2015
Policies
UNAUDITED INTERIM FINANICAL STATEMENTS	The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements please refer to our 2014 Annual Report on Form 10-K, filed on April 13, 2015. In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year.

Note 3. Summary of Significan18

Note 3. Summary of Significant Accounting Policies: BASIS OF PRESENTATION AND USE OF ESTIMATES (Policies)	6 Months Ended
	Jun. 30, 2015
Policies
BASIS OF PRESENTATION AND USE OF ESTIMATES	The Company prepares its financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP"), which require 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 reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Note 3. Summary of Significan19

Note 3. Summary of Significant Accounting Policies: CASH AND CASH EQUIVALENTS (Policies)	6 Months Ended
	Jun. 30, 2015
Policies
CASH AND CASH EQUIVALENTS	The Company considers all highly liquid investments with an original maturity of three months or less at the date of acquisition to be cash equivalents. Cash and cash equivalents totaled $128 at June 30, 2015 and $1,693 at December 31, 2014.

Note 3. Summary of Significan20

Note 3. Summary of Significant Accounting Policies: CASH FLOWS REPORTING (Policies)	6 Months Ended
	Jun. 30, 2015
Policies
CASH FLOWS REPORTING	The Company follows ASC 230, Statement of Cash Flows, for cash flows reporting, classifies cash receipts and payments according to whether they stem from operating, investing, or financing activities and provides definitions of each category, and uses the indirect or reconciliation method (“Indirect method”) as defined by ASC 230, Statement of Cash Flows, to report net cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the effects of (a) all deferrals of past operating cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are included in net income that do not affect operating cash receipts and payments. The Company reports the reporting currency equivalent of foreign currency cash flows, using the current exchange rate at the time of the cash flows and the effect of exchange rate changes on cash held in foreign currencies is reported as a separate item in the reconciliation of beginning and ending balances of cash and cash equivalents and separately provides information about investing and financing activities not resulting in cash receipts or payments in the period.

Note 3. Summary of Significan21

Note 3. Summary of Significant Accounting Policies: EXPLORATION AND DEVELOPMENT COSTS (Policies)	6 Months Ended
	Jun. 30, 2015
Policies
EXPLORATION AND DEVELOPMENT COSTS	Costs of acquiring mining properties and any exploration and development costs are expensed as incurred unless proven and probable reserves exist and the property is a commercially mineable property in accordance with FASB ASC 930, Extractive Activities – Mining. Mine development costs incurred either to develop new gold and silver deposits, expand the capacity of operating mines, or to develop mine areas substantially in advance of current production are capitalized. Costs incurred to maintain current production or to maintain assets on a standby basis are charged to operations. Costs of abandoned projects are charged to operations upon abandonment. The Company evaluates at least quarterly, the carrying value of capitalized mining costs and related property, plant and equipment costs, if any, to determine if these costs are in excess of their net realizable value and if a permanent impairment needs to be recorded. The periodic evaluation of carrying value of capitalized costs and any related property, plant and equipment costs are based upon expected future cash flows and/or estimated salvage value. The Company capitalizes costs for mining properties by individual property and defers such costs for later amortization only if the prospects for economic productions are reasonably certain. Capitalized costs are expensed in the period when the termination has been made that economic production does not appear reasonably certain. During the six months ending June 30, 2015 and 2014, the Company recorded exploration costs of $4,079 and $0, respectively.

Note 3. Summary of Significan22

Note 3. Summary of Significant Accounting Policies: RELATED PARTIES (Policies)	6 Months Ended
	Jun. 30, 2015
Policies
RELATED PARTIES	The Company follows ASC 850, “Related Party Disclosures,” for the identification of related parties and disclosure of related party transactions. Related party transactions are summarized in Note 7.

Note 3. Summary of Significan23

Note 3. Summary of Significant Accounting Policies: FINANCIAL INSTRUMENTS (Policies)	6 Months Ended
	Jun. 30, 2015
Policies
FINANCIAL INSTRUMENTS	The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization. ASC 820, Fair Value Measurements and Disclosures · · · Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of June 30, 2015 and December 31, 2014. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments.

Note 3. Summary of Significan24

Note 3. Summary of Significant Accounting Policies: REVENUE RECOGNITION (Policies)	6 Months Ended
	Jun. 30, 2015
Policies
REVENUE RECOGNITION	The Company follows ASC 605, Revenue Recognition The Company derives revenue from consulting arrangements with clients. Revenue is generated by hourly fee structure or fixed contract costs, based on expected time to complete, additionally, costs incurred may be billed, as defined by the contractual arrangements.

Note 3. Summary of Significan25

Note 3. Summary of Significant Accounting Policies: DEFERRED INCOME TAXES AND VALUATION ALLOWANCE (Policies)	6 Months Ended
	Jun. 30, 2015
Policies
DEFERRED INCOME TAXES AND VALUATION ALLOWANCE	The Company accounts for income taxes under ASC 740, Income Taxes

Note 3. Summary of Significan26

Note 3. Summary of Significant Accounting Policies: NET INCOME (LOSS) PER COMMON SHARE (Policies)	6 Months Ended
	Jun. 30, 2015
Policies
NET INCOME (LOSS) PER COMMON SHARE	Net income (loss) per share is calculated in accordance with ASC 260, “Earnings Per Share.” The weighted-average number of common shares outstanding during each period is used to compute basic earning or loss per share. Diluted earnings or loss per share is computed using the weighted average number of shares and diluted potential common shares outstanding. Dilutive potential common shares are additional common shares assumed to be exercised. Basic net income (loss) per common share is based on the weighted average number of shares of common stock outstanding at June 30, 2015 and December 31, 2014. As of June 30, 2015, the Company had no dilutive potential common shares.

Note 3. Summary of Significan27

Note 3. Summary of Significant Accounting Policies: SHARE-BASED EXPENSE (Policies)	6 Months Ended
	Jun. 30, 2015
Policies
SHARE-BASED EXPENSE	ASC 718, Compensation – Stock Compensation The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50, Equity – Based Payments to Non-Employees. Share-based expense was $0 for the six months ending June 30, 2015 and $32,500 for the six months ending June 30, 2014.

Note 3. Summary of Significan28

Note 3. Summary of Significant Accounting Policies: RECENT ACCOUNTING PRONOUNCEMENTS (Policies)	6 Months Ended
	Jun. 30, 2015
Policies
RECENT ACCOUNTING PRONOUNCEMENTS	Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification We have reviewed the FASB issued Accounting Standard Update (“ASU 2014-10”) and have applied the standard as of the dates during the periods reported. We have reviewed the FASB issued Accounting Standard Update (“ASU 2014-9”). The Company does not believe that the new or modified principal will not have a material effect on these financial statements. We have reviewed the FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.

Note 5. Shareholders' Equity_ C

Note 5. Shareholders' Equity: COMMON STOCK (Policies)	6 Months Ended
	Jun. 30, 2015
Policies
COMMON STOCK	On March 24, 2014, the Company issued 325,000 shares, at $0.10 per share, to Soellingen Advisory Group, Inc., a non-related party, in exchange for value of consulting services totaling $32,500 . In August 2014, the Board of Directors cancelled 12,000,000 shares that were issued in anticipation of services to be performed. The following shares were cancelled due to non-performance. The shares were originally issued at par $0.0001 . 1. Foster Smith 6,000,000 2. Bruce Hartley 2,000,000 3. Gerald Ernst 2,000,000 4. Kavita Khandelwal 2,000,000 Subsequently Management, on August 29, 2014, the Company issued 1,200,000 shares to Ken Olsen, Former CEO and director, 2,098,600 shares to Glenn Grant, CEO and director, 125,000 shares to Raymond Skaff, director, 1,648,840 shares to Nelson Riis, advisor and 6,927,560 shares to other non-related parties that have been instrumental in the progress of the company for services rendered. The Company issued a total of, 12,000,000 shares at $0.05 per share for consulting services totaling $600,000. There were 31,725,000 shares of common stock issued and outstanding at June 30, 2015.

Note 6. Related Party_ DUE TO R

Note 6. Related Party: DUE TO RELATED PARTY (Policies)	6 Months Ended
	Jun. 30, 2015
Policies
DUE TO RELATED PARTY	During the six months ended June 30, 2015, Glenn Grant, CEO and director paid certain expenses on behalf of the Company and is due reimbursement travel expenses. As of June 30, 2015 the balance due to related party was $3,664.

Note 6. Related Party_ NOTE PAY

Note 6. Related Party: NOTE PAYABLE (Policies)	6 Months Ended
	Jun. 30, 2015
Policies
NOTE PAYABLE	On December 4, 2014, Glenn Grant, advisor to the Company executed a demand note with the Company. The note carries an Eight percent (8%) annual percentage rate. The balance of the related party note as of June 30, 2015 and December 31, 2014 were $17,229 and $2,500, respectively.

Note 6. Related Party_ EQUITY T

Note 6. Related Party: EQUITY TRANSACTIONS (Policies)	6 Months Ended
	Jun. 30, 2015
Policies
EQUITY TRANSACTIONS	On June 15, 2013, through approval of its Board of Directors, the Company issued 6,000,000 shares, at par value $0.0001 to Glen Grant, CEO and director in exchange for services totaling $600 . On August 29, 2014 through approval of its Board of Directors, the Company issued 2,098,600 shares at $0.05 per share to Glen Grant, CEO and director in exchange for services totaling $104,930.

Note 4. Income Taxes_ Income Ta

Note 4. Income Taxes: Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2015
Tables/Schedules
Income Taxes	For the Period Ended June 30, 2015 For the Period Ended June 30, 2014 Tax expense (benefit) at the statutory rate $ (12,000) $ (40,000) State income taxes, net of federal income tax benefit (1,000) (4,000) Change in valuation allowance 13,000 44,000 Total $ --- $ ---

Note 4. Income Taxes_ Net defer

Note 4. Income Taxes: Net deferred tax asset (Tables)	6 Months Ended
	Jun. 30, 2015
Tables/Schedules
Net deferred tax asset	June 30, 2015 December 31, 2014 Deferred tax assets $ 365,000 $ 340,000 Valuation allowance (365,000) (340,000) Net deferred tax asset $ --- $ ---

Note 7. Notes Payable_ Notes Pa

Note 7. Notes Payable: Notes Payable (Tables)	6 Months Ended
	Jun. 30, 2015
Tables/Schedules
Notes Payable	Notes payable consisted of the following: June 30, 2015 December 31, 2014 Glenn Grant, CEO, President and director to the Company executed a demand note with the Company. The note carries an Eight percent (8%) annual percentage rate. Accrued interest at June 30, 2015 and December 31, 2014 was $579 and $16, respectively. $ 17,229 $ 2,500 New Opportunity Business Solutions, Inc., a non-related party note payable for consulting services to the Company. Atacama Resources International, Inc. (f/k/a Arrakis Mining Research, Inc.) (ARII) is a client of New Opportunity Business Solutions, Inc. The original amount of the note payable was $199,800. The note states a 10% interest rate with no set maturity date and is due on demand. Payment of principal and interest is due on demand and is not contingent. However to the extent that the Company incurs expense to accomplish the goal of the consulting agreement, the obligation of the company shall be reduced an equal amount. The note is as support for the consulting fee which was owed by ARII but not paid as required. Accrued interest at June 30, 2015 and December 31, 2014 was $41,129 and $31,083, respectively. $ 199,878 $ 199,800 Total notes payable $ 217,107 $ 202,300 Current portion $ 217,107 $ 202,300

Note 3. Summary of Significan36

Note 3. Summary of Significant Accounting Policies: CASH AND CASH EQUIVALENTS (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Details
Cash and Cash Equivalents, Fair Value Disclosure	$ 128	$ 1,693

Note 3. Summary of Significan37

Note 3. Summary of Significant Accounting Policies: EXPLORATION AND DEVELOPMENT COSTS (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Details
Exploration cost	$ 3,748	$ 0	$ 4,079	$ 0

Note 4. Income Taxes (Details)

Note 4. Income Taxes (Details)	Jun. 30, 2015USD ($)
Details
Net operating loss carry-forward	$ 938,888

Note 4. Income Taxes_ Income 39

Note 4. Income Taxes: Income Taxes (Details) - USD ($)	3 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Details
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	$ (12,000)	$ (40,000)
State income taxes, net of federal income tax benefit	(1,000)	(4,000)
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 13,000	$ 44,000

Note 4. Income Taxes_ Net def40

Note 4. Income Taxes: Net deferred tax asset (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Details
Deferred Tax Assets, Other	$ 365,000	$ 340,000
Valuation allowance	$ (365,000)	$ (340,000)

Note 5. Shareholders' Equity_41

Note 5. Shareholders' Equity: COMMON STOCK (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014	Aug. 29, 2014	Aug. 01, 2014	Mar. 24, 2014	Jun. 15, 2013
Details
Shares, Issued					325,000	6,000,000
Shares Issued, Price Per Share			$ 0.05		$ 0.10	$ 0.0001
Value of consulting services exchanged for shares			$ 600,000		$ 32,500
Shares cancelled due to non-performance				$ 12,000,000
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001		$ 0.0001
Shares Issued to Ken Olsen			1,200,000
Shares Issued to Glenn Grant			2,098,600
Shares Issued to Raymond Skaff			125,000
Shares Issued to Nelson Riis			1,648,840
Shares Issued to Other Non-related Parties			6,927,560
Common stock, shares issued	31,725,000	31,725,000	12,000,000

Note 6. Related Party_ DUE TO42

Note 6. Related Party: DUE TO RELATED PARTY (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Details
Due to related party	$ 3,664	$ 0

Note 6. Related Party_ NOTE P43

Note 6. Related Party: NOTE PAYABLE (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Details
Notes Payable, Related Parties	$ 17,229	$ 2,500

Note 6. Related Party_ EQUITY44

Note 6. Related Party: EQUITY TRANSACTIONS (Details) - USD ($)	Aug. 29, 2014	Mar. 24, 2014	Jun. 15, 2013
Details
Shares, Issued		325,000	6,000,000
Shares Issued, Price Per Share	$ 0.05	$ 0.10	$ 0.0001
Value of services exchanged for shares	$ 104,930		$ 600
Shares Issued to Glenn Grant	2,098,600

Note 7. Notes Payable_ Notes 45

Note 7. Notes Payable: Notes Payable (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Details
Secured Demand Notes	$ 17,229	$ 2,500
Non-related party note payable	199,878	199,800
Total notes payable	217,107	202,300
Current portion	$ 217,107	$ 202,300

Note 8. Prepaid Expense (Detail

Note 8. Prepaid Expense (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Details
Prepaid expense	$ 2,250	$ 0