Chilean Cobalt (COBA) 10-Q 9 Nov 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2023	Nov. 08, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	333-268335
Entity Registrant Name	CHILEAN COBALT CORP.
Entity Central Index Key	0001727255
Entity Tax Identification Number	82-3590294
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	1199 Lancaster Ave
Entity Address, Address Line Two	Suite 107
Entity Address, City or Town	Berwyn
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19312
City Area Code	(484)
Local Phone Number	580-8697
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		43,285,716

CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash	$ 981,257	$ 630,803
Prepaid expenses	87,431	20,510
Total current assets	1,068,688	651,313
Property and equipment, net	15,441	25,857
Total assets	1,084,129	677,170
Current liabilities:
Accounts payable	23,197	9,813
Accrued service expenses	5,237	13,083
Total current liabilities	28,434	22,896
Total liabilities	28,434	22,896
Stockholders' Equity:
Series A Convertible Preferred Stock, $0.0001 par value; 19,848,875 shares authorized and 0 and 0 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively	0	0
Common Stock, $0.0001 par value; 100,000,000 shares authorized and 43,285,716 and 39,000,000 issued and outstanding at September 30, 2023 and December 31, 2022, respectively	4,329	3,900
Additional paid-in capital	32,997,298	31,597,839
Accumulated other comprehensive income	256,260	260,031
Accumulated deficit	(32,202,192)	(31,207,496)
Total stockholders' equity	1,055,695	654,274
Total liabilities and stockholders' equity	$ 1,084,129	$ 677,170

CONSOLIDATED BALANCE SHEET (Par

CONSOLIDATED BALANCE SHEET (Parenthetical) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	19,848,875	19,848,875
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	43,285,716	39,000,000
Common stock, shares outstanding	43,285,716	39,000,000

UNAUDITED CONSOLIDATED STATEMEN

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATION AND COMPREHENSIVE LOSS - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Revenues	$ 0	$ 0	$ 0	$ 0
Cost of mineral exploration	0	0	0	0
Gross profit	0	0	0	0
Operating expenses:
Cost of mineral exploration	56,574	0	56,574	0
General and administrative	336,591	326,316	951,214	742,204
Depreciation	1,666	3,052	8,252	9,458
Foreign currency transaction (gain) loss	(405)	0	(56)	0
Total operating expenses	394,426	329,368	1,015,984	751,662
Loss from operations	(394,426)	(329,368)	(1,015,984)	(751,662)
Interest income	11,139	231	21,288	633
Loss before income taxes	(383,287)	(329,137)	(994,696)	(751,029)
Net loss	(383,287)	(329,137)	(994,696)	(751,029)
Comprehensive loss:
Foreign currency translation adjustments	(2,815)	(493)	(3,771)	(2,661)
Comprehensive loss	$ (386,102)	$ (329,630)	$ (998,467)	$ (753,690)

UNAUDITED CONSOLIDATED STATEM_2

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATION AND COMPREHENSIVE LOSS (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Basic loss per common share	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.02)
Diluted loss per common share	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.02)
Weighted-average number of shares outstanding basic loss per common share	43,285,716	39,000,000	40,894,239	38,149,227
Weighted-average number of shares outstanding diluted loss per common share	43,285,716	39,000,000	40,894,239	38,149,227

UNAUDITED CONSOLIDATED STATEM_3

UNAUDITED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2021	$ 0	$ 3,313	$ 30,088,848	$ 262,284	$ (30,175,201)	$ 179,244
Beginning balance, shares at Dec. 31, 2021	0	33,125,001
Issuance of Common Stock in a private placement		$ 476	951,484			951,960
Issuance of Common Stock in a private placement, shares		4,759,794
Foreign currency translation				521		521
Net loss					(147,962)	(147,962)
Ending balance, value at Mar. 31, 2022	$ 0	$ 3,789	31,040,332	262,805	(30,323,163)	983,763
Ending balance, shares at Mar. 31, 2022		37,884,795
Beginning balance, value at Dec. 31, 2021	$ 0	$ 3,313	30,088,848	262,284	(30,175,201)	179,244
Beginning balance, shares at Dec. 31, 2021	0	33,125,001
Foreign currency translation						(2,661)
Net loss						(751,029)
Ending balance, value at Sep. 30, 2022	$ 0	$ 3,900	31,507,690	259,623	(30,926,230)	844,983
Ending balance, shares at Sep. 30, 2022	0	39,000,000
Beginning balance, value at Mar. 31, 2022	$ 0	$ 3,789	31,040,332	262,805	(30,323,163)	983,763
Beginning balance, shares at Mar. 31, 2022		37,884,795
Issuance of Common Stock in a private placement		$ 111	222,930			223,041
Issuance of Common Stock in a private placement, shares		1,115,205
Foreign currency translation				(2,689)		(2,689)
Stock based compensation			151,908			151,908
Net loss					(273,930)	(273,930)
Ending balance, value at Jun. 30, 2022	$ 0	$ 3,900	31,415,170	260,116	(30,597,093)	1,082,093
Ending balance, shares at Jun. 30, 2022	0	39,000,000
Foreign currency translation				(493)		(493)
Stock based compensation			92,520			92,520
Net loss					(329,137)	(329,137)
Ending balance, value at Sep. 30, 2022	$ 0	$ 3,900	31,507,690	259,623	(30,926,230)	844,983
Ending balance, shares at Sep. 30, 2022	0	39,000,000
Beginning balance, value at Dec. 31, 2022	$ 0	$ 3,900	31,597,839	260,031	(31,207,496)	654,274
Beginning balance, shares at Dec. 31, 2022	0	39,000,000
Foreign currency translation				269		269
Stock based compensation			90,149			90,149
Net loss					(335,687)	(335,687)
Ending balance, value at Mar. 31, 2023	$ 0	$ 3,900	31,687,988	260,300	(31,543,183)	409,005
Ending balance, shares at Mar. 31, 2023	0	39,000,000
Beginning balance, value at Dec. 31, 2022	$ 0	$ 3,900	31,597,839	260,031	(31,207,496)	654,274
Beginning balance, shares at Dec. 31, 2022	0	39,000,000
Foreign currency translation						(3,771)
Net loss						(994,696)
Ending balance, value at Sep. 30, 2023	$ 0	$ 4,329	32,997,298	256,260	(32,202,192)	1,055,695
Ending balance, shares at Sep. 30, 2023	0	43,285,716
Beginning balance, value at Mar. 31, 2023	$ 0	$ 3,900	31,687,988	260,300	(31,543,183)	409,005
Beginning balance, shares at Mar. 31, 2023	0	39,000,000
Issuance of Common Stock in a private placement		$ 429	1,099,571			1,100,000
Issuance of Common Stock in a private placement, shares		4,285,716
Foreign currency translation				(1,225)		(1,225)
Stock based compensation			89,468			89,468
Net loss					(275,722)	(275,722)
Ending balance, value at Jun. 30, 2023	$ 0	$ 4,329	32,877,027	259,075	(31,818,905)	1,321,526
Ending balance, shares at Jun. 30, 2023	0	43,285,716
Foreign currency translation				(2,815)		(2,815)
Stock based compensation			120,271			120,271
Net loss					(383,287)	(383,287)
Ending balance, value at Sep. 30, 2023	$ 0	$ 4,329	$ 32,997,298	$ 256,260	$ (32,202,192)	$ 1,055,695
Ending balance, shares at Sep. 30, 2023	0	43,285,716

UNAUDITED CONSOLIDATED STATEM_4

UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net loss	$ (994,696)	$ (751,029)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	8,252	9,458
Stock based compensation	299,888	244,428
Changes in operating assets and liabilities:
Prepaid expenses and other assets	(67,468)	4,634
Accounts payable and accrued liabilities	5,515	21,904
Net cash used in operating activities	(748,509)	(470,605)
Cash flows from financing activities:
Proceeds from issuance of Common Stock	1,100,000	1,175,001
Repayment of investor advances	0	(163,075)
Repayment of related party notes	0	(30,430)
Net cash provided by financing activities	1,100,000	981,496
Effect of foreign exchange rate on cash	(1,037)	469
Net increase in cash	350,454	511,360
Cash at beginning of period	630,803	322,427
Cash at end of period	$ 981,257	$ 833,787

Organization and Nature of Busi

Organization and Nature of Business	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Nature of Business	1. Organization and Nature of Business The accompanying condensed consolidated financial statements include the accounts of Chilean Cobalt Corp. (the “Company”) (OTCQB: COBA), a Nevada corporation formed on December 4, 2017, and its wholly-owned subsidiary Baltum Minería SpA (“Baltum”), a Chilean Sociedad por Acciones formed on January 3, 2018. The Company is a primary cobalt, secondary copper, junior mining and exploration company restarting mining exploration in northern Chile after a period of reduced operations due to the worldwide economic impact of Covid-19. Cobalt, a critical mineral for many of the current cathode battery chemistry configuration options in the electric vehicle (“EV”) battery production space, was mined in Chile for 100 years from 1844 thru 1944 and ceased at the end of World War II. Baltum owns exploitation-level mining concessions for 2,635 hectares in the San Juan Mining District in northern Chile. On May 12, 2022, the former Parent Company, Genlith, Inc. distributed all of its shares in the Company to its individual shareholders. As of the date of the distribution, Genlith, Inc. no longer held an equity interest in the Company. The Company’s year-end is December 31.

Going Concern

Going Concern	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	2. Going Concern The Company has not yet begun to generate revenue as of September 30, 2023, has incurred recurring losses since inception, and expects to continue to incur losses as a result of costs and expenses related to mining exploration and general and administrative expenses. For the three and nine-month periods September 30, 2023, the Company reported a net loss of $ 383,287 994,696 32,202,192 The ability of the Company to continue as a going concern over a longer term is dependent on the Company’s ability to raise the financing necessary to complete the exploration and development of cobalt and copper mines and bring mining operations into production and commercialization. With a cash balance of $ 981,257

Summary of Significant Accounti

Summary of Significant Accounting Policies Basis of Presentation	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies Basis of Presentation	3. Summary of Significant Accounting Policies Basis of Presentation The accompanying condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The condensed financial statements include the consolidated accounts of the Company and its wholly-owned subsidiary Baltum Minería SpA. All material intercompany transactions have been eliminated in consolidation. Forward Stock Split On May 2, 2023, the Company effected a 3 for 1 forward stock split Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of liabilities at the date of the condensed consolidated financial statements, and the reported amounts of expenses during the reporting periods. Significant estimates and assumptions reflected in these condensed consolidated financial statements include but are not limited to, the applicability of accrued expenses. Estimates are periodically reviewed in light of changes in circumstances, facts, and experience. Actual results could differ from the Company’s estimates and those differences may be material. Cash Cash amounts consist of cash on hand, bank deposits, and money market accounts. As of September 30, 2023, and December 31, 2022, the Company’s cash balances were $ 981,257 630,803 Value Added Tax (“VAT Tax”) The Company’s subsidiary historically has paid significant amounts of value-added tax (“VAT Tax”) to the Chilean government on certain operating purchases. The tax paid can be offset against future VAT Tax due. The Company has not recorded any VAT tax receivables as of September 30, 2023, and December 31, 2022, because the Company's ability to fund future expenditures necessary to recover VAT taxes paid in, is currently indeterminable. Property and Equipment Property, plant, and equipment are stated at cost less accumulated depreciation. Capitalized costs may include computers, vehicles, furniture and fixtures, machinery, and equipment, and are depreciated using the straight-line method or unit-of-production method at rates sufficient to depreciate such costs over the shorter of estimated productive lives or the useful life of the individual assets. Useful lives range from 3 to 10 years. Costs are capitalized when it has been determined an ore body can be economically developed. The development stage begins at new projects when our management and/or board of directors make the decision to bring a mine into commercial production and ends when the production state, or extraction of reserves, begins. The production stage of a mine commences when salable materials, beyond a de minimis amount, are produced. Exploration costs include those relating to activities carried out (a) in search of previously unidentified mineral deposits or (b) at undeveloped concessions. Pre-development activities involve costs incurred in the exploration stage that may ultimately benefit production and are expensed due to a lack of evidence of economic development, which is necessary to demonstrate the future recoverability of these expenses. Costs for exploration, evaluation, and pre-development, including drilling costs related to those activities (discussed further below), and repairs and maintenance on capitalized property and equipment are charged to operations as incurred. Drilling, development, and related costs are either classified as exploration, pre-development or secondary development as defined above, and charged to operations as incurred, or capitalized based on the following criteria: · whether the costs are incurred to further define mineralization at and adjacent to existing reserve areas or intended to assist with mine planning within a reserved area; · whether the drilling or development costs relate to an ore body that has been determined to be commercially mineable, and a decision has been made to put the ore body into commercial production; · whether, at the time the cost is incurred: (a) the expenditure embodies a probable future benefit that involves a capacity, singly or in combination with other assets, to contribute directly or indirectly to future net cash inflows, (b) we can obtain the benefit and control others’ access to it, and (c) the transaction or event giving risk to our right to or control of the benefit has already occurred. If all of these criteria are met, drilling, development and related costs are capitalized. Drilling and development costs not meeting all of these criteria are expensed as incurred. The following factors are considered in determining whether or not the criteria listed above have been met, and whether capitalization of drilling and development costs is appropriate: · Completion of a favorable economic study and mine plan for the ore body targeted; · authorization of development of the ore body by management and/or the board of directors; and · there is a justifiable expectation, based on applicable laws and regulations, that issuance of permits or resolution of legal issues and/or contractual requirements necessary for us to have the right to or control of the future benefit from the targeted ore body have been met. Drilling and related costs at our properties as of and for the nine-month periods ended September 30, 2023, and September 30, 2022, respectively, and the three-month periods ended September 30, 2023, and September 30, 2022, respectively, did not meet our criteria for capitalization. When assets are retired or sold, the costs and related allowances for depreciation and amortization are eliminated from the accounts and any resulting gain or loss is reflected in the current period net income (loss). Impairment of Long-lived Assets Long-lived assets consist of property and equipment. Long-lived assets to be held and used are tested for recoverability whenever events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable. Factors that the Company considers in deciding when to perform an impairment review include significant underperformance of the business in relation to expectations, significant negative industry or economic trends, and significant changes or planned changes in the use of the assets. If an impairment review is performed to evaluate a long-lived asset for recoverability, the Company compares forecasts of undiscounted cash flows expected to result from the use and eventual disposition of the long-lived asset to its carrying value. An impairment loss would be recognized when estimated undiscounted future cash flows expected to result from the use of an asset are less than its carrying amount. The impairment loss would be based on the excess of the carrying value of the impaired asset over its fair value, determined based on discounted cash flows. Baltum presently owns 2,635 hectares of exploitation-level mining concessions in the San Juan mining district and will continue its exploration activities toward proving the existence of cobalt and/or copper. Depending on the outcome of the exploration activities, the Company would then consider seeking a preliminary economic assessment, preliminary feasibility study, or definitive feasibility study to validate the expected profitability of constructing a plant to extract the target minerals and process them into saleable products. Mining Concessions Mining concessions are recorded at cost based on the payments required under the contracts. Amortization begins when placed in service after the mining concession is exercised. Mining concessions are amortized over their useful life based on the pattern over which the mining concessions are consumed or otherwise used up. Determination of expected useful lives for amortization calculations is made on a property-by-property or asset-by-asset basis at least annually. At the time an ore body can be economically developed, the basis of the mining concession will be amortized on a units-of-production basis. Pursuant to our policy on the impairment of long-lived assets, if it is determined that a mining concession cannot be economically developed or its innate value has not been independently substantiated, the basis of the mining concession is reduced to its fair value and an impairment loss is recorded to expense in the period in which it is determined to be impaired. Finite-lived intangible assets are tested for impairment when events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. Intangible assets that are not subject to amortization are tested for impairment annually and more frequently if events or changes in circumstances indicate that is more likely than not, meaning more than 50%, that the asset is impaired. The value of the exploitation mining concessions owned by Baltum has yet to be independently substantiated by a valuation or any level of feasibility study. As of September 30, 2023, and December 31, 2022, these mining concessions had a value of $- 0 0 Foreign Currency The reporting currency of the Company is the U.S. dollar. The functional currency of Baltum, the Company’s wholly-owned subsidiary, is the Chilean Peso. The assets and liabilities of Baltum are translated into U.S. dollars based on exchange rates at the end of each reporting period. Expenses are translated at average exchange rates during the reporting period. Gains and losses arising from the translation of assets and liabilities are included as a component of accumulated other comprehensive income or loss within the Company’s condensed consolidated balance sheet. Gains and losses resulting from foreign currency transactions are reflected within the Company’s condensed consolidated statements of operations. The Company has not utilized foreign currency hedging strategies to mitigate the effect of its foreign currency exposure. Income Taxes The Company accounts for income taxes using the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the condensed consolidated financial statements or in the Company’s tax returns. Deferred taxes are determined based on the differences between the condensed consolidated financial statements and tax basis of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse. Changes in deferred tax assets and liabilities are recorded in the provision for income taxes. The Company assesses the likelihood that its deferred tax assets will be recovered from future taxable income and, to the extent it believes, based upon the weight of available evidence, that is more likely than not that all or a portion of the deferred tax assets will not be realized, a valuation allowance is established through a charge to income tax expense. The potential for recovery of deferred tax assets is evaluated by estimating the future taxable profits expected and considering prudent and feasible tax planning strategies. The Company’s wholly owned subsidiary is subject to foreign corporate tax in foreign taxing jurisdictions. The Company accounts for income taxes in accordance with Accounting Standards Codification 740, “Accounting for Income Taxes” (“ASC 740”). Under ASC 740, income tax expense includes federal and state taxes currently payable and deferred taxes arising from temporary differences between income for financial reporting and income tax purposes. In accordance with ASC 740, the Company has evaluated its tax positions. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that has a likelihood of being realized on examination of more than 50 percent. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. Under the “more likely than not” threshold guidelines, the Company believes no significant uncertain tax positions exist, either individually or in the aggregate, that would give rise to the non-recognition of an existing tax benefit. The Company’s policy is to account for interest expense and penalties related to unrecognized tax benefits as a component of income tax expense. The Company is currently not under examination by any federal, state, or foreign taxing authorities. In addition, the Company had no Concentration of Credit Risk and of Significant Vendors The Company maintains cash balances at financial institutions in the U.S. and Chile. The Company holds all cash balances at accredited financial institutions, in amounts that exceed federally insured limits in the United States of America. The Company does not believe that it is subject to unusual credit risk beyond the normal credit risk associated with commercial banking relationships. Recently Issued and Adopted Accounting Pronouncements There are not any recently issued and adopted accounting pronouncements that have a material impact on the Company’s condensed consolidated financial statements as of September 30, 2023, and December 31, 2022.

Property and Equipment, Net

Property and Equipment, Net	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	4. Property and Equipment, Net Property and equipment, net consisted of the following: Schedule of property and equipment September 30, December 31, 2023 2022 Furniture and fixtures $ 56,759 $ 63,559 Machinery and equipment 29,583 36,493 Property and equipment, gross 86,342 100,052 Accumulated depreciation (70,901 ) (74,195 ) Property and equipment, net $ 15,441 $ 25,857 Depreciation expenses for the nine-month periods ended September 30, 2023, and September 30, 2022, amounted to $ 8,252 9,458 1,666 3,052

Stockholders_ Equity

Stockholders’ Equity	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Stockholders’ Equity	5. Stockholders’ Equity Preferred Stock The Company’s certificate of incorporation authorized the Company to issue 25,000,000 shares of Preferred Stock, $0.0001 par value. On December 28, 2017, a Certificate of Designations was resolved and approved by the board and signed into being that authorized the issuance of 7,500,000 shares of Series A Convertible Preferred Stock, of which 5,151,125 were issued and then later converted to common stock on August 10, 2020. Once converted the provisions of the Certificate of Designations do not allow for the re-issuance of those shares. There were no Common Stock The Company’s certificate of incorporation authorizes the Company to issue 100,000,000 0.0001 43,285,716 39,000,000 2023 Issuances: During the nine-month period ended September 30, 2023, the Company issued the following shares of common stock: · 409,092 105,000 3,876,624 995,000 · In aggregate, 4,285,716 1,100,000 2022 Issuances: During the nine-month period ended September 30, 2022, the Company issued the following shares of common stock: · 875,001 175,000 3,884,793 776,960 · 59,625 11,925 1,055,580 211,116 · In aggregate, 5,874,999 1,175,001 Forward Stock Split On May 2, 2023, the Company effected a 3 for 1 forward stock split Stock Options On April 26, 2022, the board adopted, and by shareholder consent achieved on April 29, 2022, the shareholders approved the Company’s 2022 Equity Incentive Plan (the “2022 Plan”). The purposes of the 2022 Plan are (i) to attract and retain the best available personnel for positions of substantial responsibility, (ii) to provide additional incentives to Employees, Directors, and Consultants, and (iii) to promote the success of the Company’s business. On May 24, 2022, the Company granted stock options to purchase an aggregate of 5,025,000 On June 1, 2022, the Company granted stock options to purchase an aggregate of 80,004 On July 15, 2022, the Company granted stock options to purchase an aggregate of 450,000 On July 28, 2022, the Company granted stock options to purchase an aggregate of 150,000 On June 29, 2023, the board adopted, and by shareholder consent achieved on June 30, 2023, the shareholders approved the Company’s 2023 Equity Incentive Plan (the “2023 Plan”). The purposes of the 2023 Plan are (i) to attract and retain the best available personnel for positions of substantial responsibility, (ii) to provide additional incentives to Employees, Directors, and Consultants, and (iii) to promote the success of the Company’s business. The maximum aggregate number of shares of Common Stock that may be subject to awards under the 2023 Plan is 1,963,746 On July 1, 2023, the Company granted stock options to purchase an aggregate of 750,000 On July 7, 2023, the Company granted stock options to purchase an aggregate of 300,000 The fair value of the options granted was estimated on the date of grant using the Black-Scholes options pricing model, with the following weighted average assumptions: Schedule of assumptions Description As of September 30, 2022 As of September 30, 2023 Expected dividend yield 0.00 0.00 Expected stock volatility 62.97 74.00 Risk-free interest rate 4.034 5.474 Expected life of options (years) 5.00 5.00 Expected forfeiture rate 0.00 0.00 Grant date fair value per option $ 0.1133 $ 0.1269 During the three-month periods ended September 30, 2023, and September 30, 2022, the Company recorded stock-based compensation expenses of $ 120,271 92,520 120,271 36,311 262,500 210,977 A summary of the changes in stock options outstanding on September 30, 2023, are presented below: Schedule of option activity Options Outstanding Number of Shares Weighted Average Exercise Price Balance, December 31, 2021 – – n/a Issued 5,705,004 $ 0.20 Expired/Forfeited (93,750 ) $ 0.20 Exercised – n/a Balance, December 31, 2022 5,611,254 $ 0.20 Issued – n/a Expired/Forfeited – n/a Exercised – n/a Balance, March 31, 2023 5,611,254 $ 0.20 Issued – n/a Expired/Forfeited – n/a Exercised – n/a Balance, June 30, 2023 5,611,254 $ 0.20 Issued 1,050,000 0.26 Expired/Forfeited – n/a Exercised – n/a Balance, September 30, 2023 6,661,254 $ 0.22 The Company has the following options outstanding and exercisable at September 30, 2023: Schedule of options outstanding and exercisable Issue Date Expiry Date Exercise Price Number of Options Remaining Life May 24, 2022 May 23, 2032 0.20 4,931,250 8.65 June 1, 2022 May 31, 2032 0.20 80,004 8.68 July 15, 2022 July 14, 2032 0.20 450,000 8.80 July 28, 2022 July 27, 2032 0.20 150,000 8.83 July 1, 2023 June 30, 2033 0.26 750,000 9.76 July 7, 2023 July 6, 2033 0.26 300,000 9.78 0.22 6,661,254 8.84

Commitments and Contingencies I

Commitments and Contingencies Indemnification Agreements	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Indemnification Agreements	6. Commitments and Contingencies Indemnification Agreements In the ordinary course of business, the Company may provide indemnification of varying scope and terms to vendors, lessors, business partners, and other parties with respect to certain matters. In addition, the Company has entered into indemnification agreements with members of its board of directors that will require the Company, among other things, to indemnify them against certain liabilities that may arise by reason of their status or service as directors or officers. The maximum potential amount of future payments the Company could be required to make under these indemnification agreements is, in many cases, unlimited. To date, the Company has not incurred any material costs as a result of such indemnifications. The Company does not believe that the outcome of any claims under indemnification arrangements will have a material effect on its condensed consolidated financial position, results of operations, or cash flows, and it has not accrued any liabilities related to such obligations in its condensed consolidated financial statements as of September 30, 2023, and December 31, 2022. Litigation From time to time, the Company may be subject to claims and lawsuits arising in the normal course of business. The Company’s management believes that the outcome of any litigation or claims will not have a material effect on the Company’s condensed consolidated financial position, results of operations, or cash flows. On September 30, 2023, management was not aware of any material active, pending, or threatened litigation.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Forward Stock Split	Forward Stock Split On May 2, 2023, the Company effected a 3 for 1 forward stock split
Use of Estimates	Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of liabilities at the date of the condensed consolidated financial statements, and the reported amounts of expenses during the reporting periods. Significant estimates and assumptions reflected in these condensed consolidated financial statements include but are not limited to, the applicability of accrued expenses. Estimates are periodically reviewed in light of changes in circumstances, facts, and experience. Actual results could differ from the Company’s estimates and those differences may be material.
Cash	Cash Cash amounts consist of cash on hand, bank deposits, and money market accounts. As of September 30, 2023, and December 31, 2022, the Company’s cash balances were $ 981,257 630,803
Value Added Tax (“VAT Tax”)	Value Added Tax (“VAT Tax”) The Company’s subsidiary historically has paid significant amounts of value-added tax (“VAT Tax”) to the Chilean government on certain operating purchases. The tax paid can be offset against future VAT Tax due. The Company has not recorded any VAT tax receivables as of September 30, 2023, and December 31, 2022, because the Company's ability to fund future expenditures necessary to recover VAT taxes paid in, is currently indeterminable.
Property and Equipment	Property and Equipment Property, plant, and equipment are stated at cost less accumulated depreciation. Capitalized costs may include computers, vehicles, furniture and fixtures, machinery, and equipment, and are depreciated using the straight-line method or unit-of-production method at rates sufficient to depreciate such costs over the shorter of estimated productive lives or the useful life of the individual assets. Useful lives range from 3 to 10 years. Costs are capitalized when it has been determined an ore body can be economically developed. The development stage begins at new projects when our management and/or board of directors make the decision to bring a mine into commercial production and ends when the production state, or extraction of reserves, begins. The production stage of a mine commences when salable materials, beyond a de minimis amount, are produced. Exploration costs include those relating to activities carried out (a) in search of previously unidentified mineral deposits or (b) at undeveloped concessions. Pre-development activities involve costs incurred in the exploration stage that may ultimately benefit production and are expensed due to a lack of evidence of economic development, which is necessary to demonstrate the future recoverability of these expenses. Costs for exploration, evaluation, and pre-development, including drilling costs related to those activities (discussed further below), and repairs and maintenance on capitalized property and equipment are charged to operations as incurred. Drilling, development, and related costs are either classified as exploration, pre-development or secondary development as defined above, and charged to operations as incurred, or capitalized based on the following criteria: · whether the costs are incurred to further define mineralization at and adjacent to existing reserve areas or intended to assist with mine planning within a reserved area; · whether the drilling or development costs relate to an ore body that has been determined to be commercially mineable, and a decision has been made to put the ore body into commercial production; · whether, at the time the cost is incurred: (a) the expenditure embodies a probable future benefit that involves a capacity, singly or in combination with other assets, to contribute directly or indirectly to future net cash inflows, (b) we can obtain the benefit and control others’ access to it, and (c) the transaction or event giving risk to our right to or control of the benefit has already occurred. If all of these criteria are met, drilling, development and related costs are capitalized. Drilling and development costs not meeting all of these criteria are expensed as incurred. The following factors are considered in determining whether or not the criteria listed above have been met, and whether capitalization of drilling and development costs is appropriate: · Completion of a favorable economic study and mine plan for the ore body targeted; · authorization of development of the ore body by management and/or the board of directors; and · there is a justifiable expectation, based on applicable laws and regulations, that issuance of permits or resolution of legal issues and/or contractual requirements necessary for us to have the right to or control of the future benefit from the targeted ore body have been met. Drilling and related costs at our properties as of and for the nine-month periods ended September 30, 2023, and September 30, 2022, respectively, and the three-month periods ended September 30, 2023, and September 30, 2022, respectively, did not meet our criteria for capitalization. When assets are retired or sold, the costs and related allowances for depreciation and amortization are eliminated from the accounts and any resulting gain or loss is reflected in the current period net income (loss).
Impairment of Long-lived Assets	Impairment of Long-lived Assets Long-lived assets consist of property and equipment. Long-lived assets to be held and used are tested for recoverability whenever events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable. Factors that the Company considers in deciding when to perform an impairment review include significant underperformance of the business in relation to expectations, significant negative industry or economic trends, and significant changes or planned changes in the use of the assets. If an impairment review is performed to evaluate a long-lived asset for recoverability, the Company compares forecasts of undiscounted cash flows expected to result from the use and eventual disposition of the long-lived asset to its carrying value. An impairment loss would be recognized when estimated undiscounted future cash flows expected to result from the use of an asset are less than its carrying amount. The impairment loss would be based on the excess of the carrying value of the impaired asset over its fair value, determined based on discounted cash flows. Baltum presently owns 2,635 hectares of exploitation-level mining concessions in the San Juan mining district and will continue its exploration activities toward proving the existence of cobalt and/or copper. Depending on the outcome of the exploration activities, the Company would then consider seeking a preliminary economic assessment, preliminary feasibility study, or definitive feasibility study to validate the expected profitability of constructing a plant to extract the target minerals and process them into saleable products.
Mining Concessions	Mining Concessions Mining concessions are recorded at cost based on the payments required under the contracts. Amortization begins when placed in service after the mining concession is exercised. Mining concessions are amortized over their useful life based on the pattern over which the mining concessions are consumed or otherwise used up. Determination of expected useful lives for amortization calculations is made on a property-by-property or asset-by-asset basis at least annually. At the time an ore body can be economically developed, the basis of the mining concession will be amortized on a units-of-production basis. Pursuant to our policy on the impairment of long-lived assets, if it is determined that a mining concession cannot be economically developed or its innate value has not been independently substantiated, the basis of the mining concession is reduced to its fair value and an impairment loss is recorded to expense in the period in which it is determined to be impaired. Finite-lived intangible assets are tested for impairment when events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. Intangible assets that are not subject to amortization are tested for impairment annually and more frequently if events or changes in circumstances indicate that is more likely than not, meaning more than 50%, that the asset is impaired. The value of the exploitation mining concessions owned by Baltum has yet to be independently substantiated by a valuation or any level of feasibility study. As of September 30, 2023, and December 31, 2022, these mining concessions had a value of $- 0 0
Foreign Currency	Foreign Currency The reporting currency of the Company is the U.S. dollar. The functional currency of Baltum, the Company’s wholly-owned subsidiary, is the Chilean Peso. The assets and liabilities of Baltum are translated into U.S. dollars based on exchange rates at the end of each reporting period. Expenses are translated at average exchange rates during the reporting period. Gains and losses arising from the translation of assets and liabilities are included as a component of accumulated other comprehensive income or loss within the Company’s condensed consolidated balance sheet. Gains and losses resulting from foreign currency transactions are reflected within the Company’s condensed consolidated statements of operations. The Company has not utilized foreign currency hedging strategies to mitigate the effect of its foreign currency exposure.
Income Taxes	Income Taxes The Company accounts for income taxes using the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the condensed consolidated financial statements or in the Company’s tax returns. Deferred taxes are determined based on the differences between the condensed consolidated financial statements and tax basis of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse. Changes in deferred tax assets and liabilities are recorded in the provision for income taxes. The Company assesses the likelihood that its deferred tax assets will be recovered from future taxable income and, to the extent it believes, based upon the weight of available evidence, that is more likely than not that all or a portion of the deferred tax assets will not be realized, a valuation allowance is established through a charge to income tax expense. The potential for recovery of deferred tax assets is evaluated by estimating the future taxable profits expected and considering prudent and feasible tax planning strategies. The Company’s wholly owned subsidiary is subject to foreign corporate tax in foreign taxing jurisdictions. The Company accounts for income taxes in accordance with Accounting Standards Codification 740, “Accounting for Income Taxes” (“ASC 740”). Under ASC 740, income tax expense includes federal and state taxes currently payable and deferred taxes arising from temporary differences between income for financial reporting and income tax purposes. In accordance with ASC 740, the Company has evaluated its tax positions. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that has a likelihood of being realized on examination of more than 50 percent. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. Under the “more likely than not” threshold guidelines, the Company believes no significant uncertain tax positions exist, either individually or in the aggregate, that would give rise to the non-recognition of an existing tax benefit. The Company’s policy is to account for interest expense and penalties related to unrecognized tax benefits as a component of income tax expense. The Company is currently not under examination by any federal, state, or foreign taxing authorities. In addition, the Company had no
Concentration of Credit Risk and of Significant Vendors	Concentration of Credit Risk and of Significant Vendors The Company maintains cash balances at financial institutions in the U.S. and Chile. The Company holds all cash balances at accredited financial institutions, in amounts that exceed federally insured limits in the United States of America. The Company does not believe that it is subject to unusual credit risk beyond the normal credit risk associated with commercial banking relationships.
Recently Issued and Adopted Accounting Pronouncements	Recently Issued and Adopted Accounting Pronouncements There are not any recently issued and adopted accounting pronouncements that have a material impact on the Company’s condensed consolidated financial statements as of September 30, 2023, and December 31, 2022.

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	Schedule of property and equipment September 30, December 31, 2023 2022 Furniture and fixtures $ 56,759 $ 63,559 Machinery and equipment 29,583 36,493 Property and equipment, gross 86,342 100,052 Accumulated depreciation (70,901 ) (74,195 ) Property and equipment, net $ 15,441 $ 25,857

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Schedule of assumptions	Schedule of assumptions Description As of September 30, 2022 As of September 30, 2023 Expected dividend yield 0.00 0.00 Expected stock volatility 62.97 74.00 Risk-free interest rate 4.034 5.474 Expected life of options (years) 5.00 5.00 Expected forfeiture rate 0.00 0.00 Grant date fair value per option $ 0.1133 $ 0.1269
Schedule of option activity	Schedule of option activity Options Outstanding Number of Shares Weighted Average Exercise Price Balance, December 31, 2021 – – n/a Issued 5,705,004 $ 0.20 Expired/Forfeited (93,750 ) $ 0.20 Exercised – n/a Balance, December 31, 2022 5,611,254 $ 0.20 Issued – n/a Expired/Forfeited – n/a Exercised – n/a Balance, March 31, 2023 5,611,254 $ 0.20 Issued – n/a Expired/Forfeited – n/a Exercised – n/a Balance, June 30, 2023 5,611,254 $ 0.20 Issued 1,050,000 0.26 Expired/Forfeited – n/a Exercised – n/a Balance, September 30, 2023 6,661,254 $ 0.22
Schedule of options outstanding and exercisable	Schedule of options outstanding and exercisable Issue Date Expiry Date Exercise Price Number of Options Remaining Life May 24, 2022 May 23, 2032 0.20 4,931,250 8.65 June 1, 2022 May 31, 2032 0.20 80,004 8.68 July 15, 2022 July 14, 2032 0.20 450,000 8.80 July 28, 2022 July 27, 2032 0.20 150,000 8.83 July 1, 2023 June 30, 2033 0.26 750,000 9.76 July 7, 2023 July 6, 2033 0.26 300,000 9.78 0.22 6,661,254 8.84

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss	$ 383,287	$ 275,722	$ 335,687	$ 329,137	$ 273,930	$ 147,962	$ 994,696	$ 751,029
Accumulated deficit	32,202,192						32,202,192		$ 31,207,496
Cash balance	$ 981,257						$ 981,257		$ 630,803

Summary of Significant Accoun_3

Summary of Significant Accounting Policies Basis of Presentation (Details Narrative) - USD ($)	May 02, 2023	Sep. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Forward stock split	3 for 1 forward stock split
Cash balance		$ 981,257	$ 630,803
Mining Concessions		0	$ 0
Unrecognized tax benefits		$ 0

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Furniture and fixtures	$ 56,759	$ 63,559
Machinery and equipment	29,583	36,493
Property and equipment, gross	86,342	100,052
Accumulated depreciation	(70,901)	(74,195)
Property and equipment, net	$ 15,441	$ 25,857

Property and Equipment, Net (_2

Property and Equipment, Net (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Depreciation expenses	$ 1,666	$ 3,052	$ 8,252	$ 9,458

Stockholders' Equity (Details -

Stockholders' Equity (Details - Assumptions) - $ / shares	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Equity [Abstract]
Expected dividend yield	0%	0%
Expected stock volatility	74%	62.97%
Risk-free interest rate	5.474%	4.034%
Expected life of options (years)	5 years	5 years
Expected forfeiture rate	0%	0%
Grant date fair value per option	$ 0.1269	$ 0.1133

Stockholders' Equity (Details_2

Stockholders' Equity (Details - Option activity) - $ / shares	3 Months Ended			12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Equity [Abstract]
Options outstanding number of shares, at beginning	5,611,254	5,611,254	5,611,254	0
Weighted average exercise price, at beginning	$ 0.20	$ 0.20	$ 0.20
Options outstanding number of shares, issued	1,050,000	0	0	5,705,004
Weighted average exercise price, issued	$ 0.26			$ 0.20
Options outstanding number of shares, expired/forfeited	0	0	0	(93,750)
Weighted average exercise price, expired/forfeited				$ 0.20
Options outstanding number of shares, exercised	0	0	0	0
Options outstanding number of shares, at ending	6,661,254	5,611,254	5,611,254	5,611,254
Weighted average exercise price, at ending	$ 0.22	$ 0.20	$ 0.20	$ 0.20

Stockholders' Equity (Details_3

Stockholders' Equity (Details - Options outstanding and exercisable) - $ / shares	9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Option exercise price	$ 0.22	$ 0.20	$ 0.20	$ 0.20
Options outstanding	6,661,254	5,611,254	5,611,254	5,611,254	0
Remaining life	8 years 10 months 2 days
Options Issued May 24, 2022 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Option issue date	May 24, 2022
Option expiry date	May 23, 2032
Option exercise price	$ 0.20
Options outstanding	4,931,250
Remaining life	8 years 7 months 24 days
Options Issued June 1, 2022 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Option issue date	Jun. 01, 2022
Option expiry date	May 31, 2032
Option exercise price	$ 0.20
Options outstanding	80,004
Remaining life	8 years 8 months 4 days
Options Issued July 15, 2022 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Option issue date	Jul. 15, 2022
Option expiry date	Jul. 14, 2032
Option exercise price	$ 0.20
Options outstanding	450,000
Remaining life	8 years 9 months 18 days
Options Issued July 28, 2022 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Option issue date	Jul. 28, 2022
Option expiry date	Jul. 27, 2032
Option exercise price	$ 0.20
Options outstanding	150,000
Remaining life	8 years 9 months 29 days
Options Issued July 01, 2023 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Option issue date	Jul. 01, 2023
Option expiry date	Jun. 30, 2033
Option exercise price	$ 0.26
Options outstanding	750,000
Remaining life	9 years 9 months 3 days
Options Issued July 07, 2023 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Option issue date	Jul. 07, 2023
Option expiry date	Jul. 06, 2033
Option exercise price	$ 0.26
Options outstanding	300,000
Remaining life	9 years 9 months 10 days

Stockholders_ Equity (Details N

Stockholders’ Equity (Details Narrative) - USD ($)									3 Months Ended					9 Months Ended		12 Months Ended
	Sep. 25, 2023	Jul. 07, 2023	Jul. 02, 2023	May 02, 2023	Jul. 28, 2022	Jul. 15, 2022	Jun. 02, 2022	May 24, 2022	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Preferred stock, shares issued									0					0		0
Preferred stock, shares outstanding									0					0		0
Common stock, shares authorized									100,000,000					100,000,000		100,000,000
Common stock, par value									$ 0.0001					$ 0.0001		$ 0.0001
Common stock, shares issued									43,285,716					43,285,716		39,000,000
Common stock, shares outstanding									43,285,716					43,285,716		39,000,000
Proceeds from issuance shares														$ 1,100,000	$ 1,175,001
Forward stock split				3 for 1 forward stock split
Number of aggregate stock options granted									1,050,000	0	0					5,705,004
[custom:ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfAggregateShares]									1,963,746
Stock-based compensation expenses									$ 120,271	$ 89,468	$ 90,149	$ 92,520	$ 151,908
Stock option expenses	$ 120,271
Unamortized stock option expense									$ 210,977					$ 210,977
Officers Managers Advisors And Directors [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of aggregate stock options granted								5,025,000
An Advisor [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of aggregate stock options granted							80,004
An Officer [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of aggregate stock options granted						450,000
Officer And Director [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of aggregate stock options granted					150,000
Officers Managers And Director [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of aggregate stock options granted			750,000
Director [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of aggregate stock options granted		300,000
Investors [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of aggregate shares issued														4,285,716	5,874,999
Proceeds from issuance shares														$ 1,100,000	$ 1,175,001
Investors [Member] | Stock To Be Issued [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of aggregate shares issued														409,092	875,001
Proceeds from issuance shares														$ 105,000	$ 175,000
Investors [Member] | Issued For Cash [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of aggregate shares issued														3,876,624	3,884,793
Proceeds from issuance shares														$ 995,000	$ 776,960
Investors 1 [Member] | Stock To Be Issued [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of aggregate shares issued															59,625
Proceeds from issuance shares															$ 11,925
Investors 1 [Member] | Issued For Cash [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of aggregate shares issued															1,055,580
Proceeds from issuance shares															$ 211,116
Ignacio Moreno [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stock option expenses	$ 36,311
Number of vesting shares	262,500