Atacama Resources International (ACRL) 10-Q 20 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	13-May-15
Document and Entity Information:
Entity Registrant Name	Atacama Resources International, Inc.
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Entity Central Index Key	1584618
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding		31,725,000
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

CONDENSED_BALANCE_SHEETS

CONDENSED BALANCE SHEETS (USD $)	Mar. 31, 2015	Dec. 31, 2014
Assets, Current
Cash and Cash Equivalents, at Carrying Value	$1,678	$1,693
Prepaid Expense, Current	2,250	0
Total current assets	3,928	1,693
Total Assets	3,928	1,693
Current Liabilities
Accounts payable	36,135	36,400
Accrued interest	36,307	31,099
Due to related party	2,739
Notes payable	213,359	202,300
Total current liabilities	288,540	269,799
Total liabilities	288,540	269,799
Commitments and Contingencies
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	-953,912	-937,406
Total Stockholders' deficit	-284,612	-268,106
Total Liabilities and Stockholders' Deficit	$3,928	$1,693

CONDENSED_BALANCE_SHEETS_Paren

CONDENSED BALANCE SHEETS - Parenthetical (USD $)	Mar. 31, 2015	Dec. 31, 2014
Stockholders' Deficit
Common Stock, Par Value	$0.00	$0.00
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

Condensed_Statements_of_Operat

Condensed Statements of Operations (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Statements of Operations
Revenues
Operating Expenses
Stock based compensation	0	32,500
Exploration costs	331	0
Professional fees	8,135	54,450
Selling, general and administrative expense	2,832
Total operating Expenses	11,298	86,950
Net loss from Operations	-11,298	-86,950
Interest expense	-5,208	-4,995
Net loss before income taxes	-16,506	-80,255
Income taxes
Net Loss	($16,506)	($91,945)
Basic and diluted loss per share	$0	$0
Weighted average number of shares outstanding	31,725,000	31,425,278

Condensed_Statements_of_Cash_F

Condensed Statements of Cash Flows (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	($16,506)	($91,945)
Stock issued for services		32,500
Prepaid expense and Other Assets	-2,250	49,950
Accounts payable	-265	4,500
Due to related party	2,739
Accrued interest	5,208	4,995
Net Cash (used in) operating activities	-11,074
Proceeds from equity issuance	11,059
Net Cash provided by financing activities	11,059
Net increase (decrease) in cash and cash equivalents	-15
Cash at Beginning of Period	1,693	6,198
Cash at End of Period	1,678	6,198
Cash paid for interest
Cash paid for taxes

Note_1_Nature_of_Business

Note 1. Nature of Business	3 Months Ended
	Mar. 31, 2015
Notes
Note 1. Nature of Business	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	3 Months Ended
	Mar. 31, 2015
Notes
Note 2. Going Concern	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	3 Months Ended
	Mar. 31, 2015
Notes
Note 3. Summary of Significant Accounting Policies	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 $1,678 at March 31, 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 three months ending March 31, 2015 and March 31, 2014, the Company recorded exploration costs of $331 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, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:
	·        Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities
	·        Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.
	·        Level 3 - Inputs that are both significant to the fair value measurement and unobservable.
	Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of March 31, 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 recognizes revenue when it is realized or realizable and earned.  The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured.
	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.  Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs.  A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations.  No deferred tax assets or liabilities were recognized as of March 31, 2015 or December 31, 2014.
	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 March 31, 2015 and December 31, 2014.  As of March 31, 2015, the Company had no dilutive potential common shares.
	SHARE-BASED EXPENSE
	ASC 718, Compensation – Stock Compensation, prescribes accounting and reporting standards for all share-based payment transactions in which employee services are acquired.  Transactions include incurring liabilities, or issuing or offering to issue shares, options, and other equity instruments such as employee stock ownership plans and stock appreciation rights.  Share-based payments to employees, including grants of employee stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period).
	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.  Measurement of share-based payment transactions with non-employees is based on the fair value of whichever is more reliably measurable:  (a) the goods or services received; or (b) the equity instruments issued.  The fair value of the share-based payment transaction is determined at the earlier of performance commitment date or performance completion date.
	Share-based expense was $-0- for the three months ending March 31, 2015 and $32,500 for the three months ending March 31, 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 (“ASC”) is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company.  Management has reviewed the aforementioned rules and releases and believes any effect will not have a material impact on the Company's present or future financial statements.
	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	3 Months Ended
	Mar. 31, 2015
Notes
Note 4. Income Taxes	NOTE 4. INCOME TAXES
	At March 31, 2015, the Company had a net operating loss carry–forward for Federal income tax purposes of $953,912 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  of approximately $324,330, calculated at an effective tax rate of 34%, 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 of $324,330.
	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.

Note_5_Shareholders_Equity

Note 5. Shareholders' Equity	3 Months Ended
	Mar. 31, 2015
Notes
Note 5. Shareholders' Equity	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 consulting services totaling $32,500.
	In August 2014, the Board of Directors cancelled 12 million 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 million 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 March 31, 2015.

Note_6_Related_Party_Transacti

Note 6. Related Party Transactions	3 Months Ended
	Mar. 31, 2015
Notes
Note 6. Related Party Transactions	NOTE 6. RELATED PARTY TRANSACTIONS
	DUE TO RELATED PARTY
	During the three months ended March 31, 2015, Glenn Grant, CEO and director paid certain expenses on behalf of the Company and is due reimbursement travel expenses.  As of March 31, 2015 the balance due to related party was $2,739.
	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 March 31, 2015 and December 31, 2014 were $13,481 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	3 Months Ended
	Mar. 31, 2015
Notes
Note 7. Notes Payable	NOTE 7. NOTES PAYABLE
	Notes payable consisted of the following:
			March 31,		December 31,
			2015		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 March 31, 2015 and December 31, 2014 was $230 and $16, respectively.	$	13,481	$	2,500
	New Opportunity Business Solutions, Inc., a non-related party 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 March 31, 2015 and December 31, 2014 was $36,077 and $31,080, respectively.		199,878		199,800
	Total notes payable	$	213,359	$	202,300
	Current portion	$	213,359	$	202,300

Note_8_Prepaid_Expense

Note 8. Prepaid Expense	3 Months Ended
	Mar. 31, 2015
Notes
Note 8. Prepaid Expense	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 March 31, 2015 and December 31, 2014, respectively.

Note_9_Commitments_and_Conting

Note 9. Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Notes
Note 9. Commitments and Contingencies	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	3 Months Ended
	Mar. 31, 2015
Notes
Note 10. Warrants and Options	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 March 31, 2015.

Note_11_Subsequent_Events

Note 11. Subsequent Events	3 Months Ended
	Mar. 31, 2015
Notes
Note 11. Subsequent Events	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_Significant_1

Note 3. Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2015
Policies
Unaudited Interim Finanical Statements	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	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	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 $1,678 at March 31, 2015 and $1,693 at December 31, 2014.
Cash Flows Reporting	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	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 three months ending March 31, 2015 and March 31, 2014, the Company recorded exploration costs of $331 and $0, respectively.
Related Parties	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	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, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:
	·        Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities
	·        Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.
	·        Level 3 - Inputs that are both significant to the fair value measurement and unobservable.
	Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of March 31, 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	REVENUE RECOGNITION
	The Company follows ASC 605, Revenue Recognition. The Company recognizes revenue when it is realized or realizable and earned.  The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured.
	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	DEFERRED INCOME TAXES AND VALUATION ALLOWANCE
	The Company accounts for income taxes under ASC 740, Income Taxes.  Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs.  A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations.  No deferred tax assets or liabilities were recognized as of March 31, 2015 or December 31, 2014.
Net Income (loss) Per Common Share	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 March 31, 2015 and December 31, 2014.  As of March 31, 2015, the Company had no dilutive potential common shares.
Share-based Expense	SHARE-BASED EXPENSE
	ASC 718, Compensation – Stock Compensation, prescribes accounting and reporting standards for all share-based payment transactions in which employee services are acquired.  Transactions include incurring liabilities, or issuing or offering to issue shares, options, and other equity instruments such as employee stock ownership plans and stock appreciation rights.  Share-based payments to employees, including grants of employee stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period).
	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.  Measurement of share-based payment transactions with non-employees is based on the fair value of whichever is more reliably measurable:  (a) the goods or services received; or (b) the equity instruments issued.  The fair value of the share-based payment transaction is determined at the earlier of performance commitment date or performance completion date.
	Share-based expense was $-0- for the three months ending March 31, 2015 and $32,500 for the three months ending March 31, 2014.
Recent Accounting Pronouncements	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 (“ASC”) is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company.  Management has reviewed the aforementioned rules and releases and believes any effect will not have a material impact on the Company's present or future financial statements.
	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_7_Notes_Payable_Tables

Note 7. Notes Payable (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Summary of Notes Payable	Notes payable consisted of the following:
			March 31,		December 31,
			2015		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 March 31, 2015 and December 31, 2014 was $230 and $16, respectively.	$	13,481	$	2,500
	New Opportunity Business Solutions, Inc., a non-related party 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 March 31, 2015 and December 31, 2014 was $36,077 and $31,080, respectively.		199,878		199,800
	Total notes payable	$	213,359	$	202,300
	Current portion	$	213,359	$	202,300

Note_3_Summary_of_Significant_2

Note 3. Summary of Significant Accounting Policies (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Details
Cash and Cash Equivalents, at Carrying Value	$1,678		$1,693
Exploration costs	331	0
Stock based compensation	$0	$32,500

Note_7_Notes_Payable_Details

Note 7. Notes Payable (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Details
Note Payable Related Party	$13,481	$2,500
New Opportunity Business Solutions Note Payable	199,878	199,800
Notes Payable	213,359	202,300
Notes payable	$213,359	$202,300

Note_8_Prepaid_Expense_Details

Note 8. Prepaid Expense (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Details
Prepaid Expense, Current	$2,250	$0