Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | May 24, 2019 | Jun. 30, 2018 | |
Document And Entity Information | |||
Entity Registrant Name | Arizona Gold & Onyx Mining Co | ||
Entity Central Index Key | 0000886093 | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2018 | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --12-31 | ||
Is Entity a Well-known Seasoned Issuer? | No | ||
Is Entity a Voluntary Filer? | No | ||
Is Entity's Reporting Status Current? | No | ||
Is Entity Emerging Growth Company? | false | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Public Float | $ 1,114,000 | ||
Entity Common Stock, Shares Outstanding | 146,859,077 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2018 | ||
Entity Shell Company | true |
Consolitdated Balance Sheets
Consolitdated Balance Sheets - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
ASSETS | |||||||||
Total assets | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
Current liabilities | |||||||||
Accounts payable and accrued liabilities | 62,490 | 68,996 | 56,596 | 56,596 | 55,846 | 52,137 | 48,406 | 44,295 | 40,337 |
Related party advances | 208,477 | 183,395 | 182,752 | 182,752 | 182,752 | 157,752 | 132,752 | 129,447 | 102,752 |
Related party promissory note | 23,000 | 23,000 | 23,000 | 23,000 | 23,000 | 23,000 | 23,000 | 23,000 | 23,000 |
Total current liabilities | 293,967 | 275,391 | 262,348 | 262,348 | 261,598 | 232,889 | 204,158 | 196,742 | 166,089 |
Stockholders' deficit | |||||||||
Common stock; Class A, $0.001 par value, 500,000,000 shares authorized, 146,859,077 shares issued and outstanding at December 31, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011 and 2010; Class B, $0.001 par value, 100,000 shares authorized, 61,000 shares issued and outstanding at December 31, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011 and 2010 | 146,920 | 146,920 | 146,920 | 146,920 | 146,920 | 146,920 | 146,920 | 146,920 | 146,920 |
Additional paid-in capital | (143,690) | (143,690) | (143,690) | (143,690) | (143,690) | (143,690) | (143,690) | (143,690) | (143,690) |
Retained deficit | (297,197) | (278,621) | (265,578) | (265,578) | (264,828) | (236,119) | (207,388) | (199,972) | (169,319) |
Total stockholders' deficit | (293,967) | (275,391) | (262,348) | (262,348) | (261,598) | (232,889) | (204,158) | (196,742) | (166,089) |
Total liabilities and stockholders' deficit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common Stock Class A [Member] | |||||||||
Stockholders' deficit | |||||||||
Common stock; Class A, $0.001 par value, 500,000,000 shares authorized, 146,859,077 shares issued and outstanding at December 31, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011 and 2010; Class B, $0.001 par value, 100,000 shares authorized, 61,000 shares issued and outstanding at December 31, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011 and 2010 | 146,859 | 146,859 | 146,859 | 146,859 | 146,859 | 146,859 | 146,859 | 146,859 | 146,859 |
Total stockholders' deficit | 146,859 | 146,859 | 146,859 | 146,859 | 146,859 | 146,859 | 146,859 | 146,859 | 146,859 |
Total liabilities and stockholders' deficit | 146,859 | 146,859 | 146,859 | 146,859 | 146,859 | 146,859 | 146,859 | 146,859 | 146,859 |
Common Stock Class B [Member] | |||||||||
Stockholders' deficit | |||||||||
Common stock; Class A, $0.001 par value, 500,000,000 shares authorized, 146,859,077 shares issued and outstanding at December 31, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011 and 2010; Class B, $0.001 par value, 100,000 shares authorized, 61,000 shares issued and outstanding at December 31, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011 and 2010 | 61 | 61 | 61 | 61 | 61 | 61 | 61 | 61 | 61 |
Total stockholders' deficit | 61 | 61 | 61 | 61 | 61 | 61 | 61 | 61 | 61 |
Total liabilities and stockholders' deficit | $ 61 | $ 61 | $ 61 | $ 61 | $ 61 | $ 61 | $ 61 | $ 61 | $ 61 |
Consolitdated Balance Sheets (P
Consolitdated Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Common Stock Class A [Member] | |||||||||
Common stock, par value per share | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 500,000,000 | 500,000,000 | 500,000,000 | 500,000,000 | 500,000,000 | 500,000,000 | 500,000,000 | 500,000,000 | 500,000,000 |
Common stock, shares issued | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 |
Common stock, shares outstanding | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 |
Common Stock Class B [Member] | |||||||||
Common stock, par value per share | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 |
Common stock, shares issued | 61,000 | 61,000 | 61,000 | 61,000 | 61,000 | 61,000 | 61,000 | 61,000 | 61,000 |
Common stock, shares outstanding | 61,000 | 61,000 | 61,000 | 61,000 | 61,000 | 61,000 | 61,000 | 61,000 | 61,000 |
Consolidated Statements Of Oper
Consolidated Statements Of Operations - USD ($) | 12 Months Ended | ||||||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Income Statement [Abstract] | |||||||||
Revenue | |||||||||
Operating expense | |||||||||
General and administrative | 27,172 | 13,043 | 750 | 28,709 | 28,731 | 7,416 | 30,653 | 71,319 | |
Total operating expense | 27,172 | 13,043 | 750 | 28,709 | 28,731 | 7,416 | 30,653 | 71,319 | |
Loss from operations | (27,172) | (13,043) | (750) | (28,709) | (28,731) | (7,416) | (30,653) | (71,319) | |
Gain from the forgiveness of accounts payable | 8,596 | ||||||||
Provision for income taxes | |||||||||
Net loss | $ (18,576) | $ (13,043) | $ (750) | $ (28,709) | $ (28,731) | $ (7,416) | $ (30,653) | $ (71,319) | |
Basic and Diluted Loss per Common Share | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | |
Weighted average number of common shares outstanding - basic and diluted | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 139,052,639 |
Consolidated Statement Of Stock
Consolidated Statement Of Stockholders' Deficit - USD ($) | Common Stock Class A [Member] | Common Stock Class B [Member] | Additional Paid-in Capital [Member] | Retained Deficit [Member] | Total |
Balance, shares at Dec. 31, 2009 | 131,000,000 | ||||
Balance, value at Dec. 31, 2009 | $ 131,000 | $ (131,000) | $ (98,000) | $ (98,000) | |
Balance, shares at Jun. 28, 2010 | 143,089,077 | ||||
Balance, shares at Dec. 31, 2009 | 131,000,000 | ||||
Balance, value at Dec. 31, 2009 | $ 131,000 | (131,000) | (98,000) | (98,000) | |
Shares issued in merger, shares | 12,089,077 | 61,000 | |||
Shares issued in merger, value | $ 12,089 | $ 61 | (12,150) | ||
Stock issued inlieu of payment of liabilities, shares | 3,770,000 | ||||
Stock issued inlieu of payment of liabilities, value | $ 3,770 | (540) | 3,230 | ||
Net loss | (71,319) | (71,319) | |||
Balance, shares at Dec. 31, 2010 | 146,859,077 | 61,000 | |||
Balance, value at Dec. 31, 2010 | $ 146,859 | $ 61 | (143,690) | (169,319) | (166,089) |
Net loss | (30,653) | (30,653) | |||
Balance, shares at Dec. 31, 2011 | 146,859,077 | 61,000 | |||
Balance, value at Dec. 31, 2011 | $ 146,859 | $ 61 | (143,690) | (199,972) | (196,742) |
Net loss | (7,416) | (7,416) | |||
Balance, shares at Dec. 31, 2012 | 146,859,077 | 61,000 | |||
Balance, value at Dec. 31, 2012 | $ 146,859 | $ 61 | (143,690) | (207,388) | (204,158) |
Net loss | (28,731) | (28,731) | |||
Balance, shares at Dec. 31, 2013 | 146,859,077 | 61,000 | |||
Balance, value at Dec. 31, 2013 | $ 146,859 | $ 61 | (143,690) | (236,119) | (232,889) |
Net loss | (28,709) | (28,709) | |||
Balance, shares at Dec. 31, 2014 | 146,859,077 | 61,000 | |||
Balance, value at Dec. 31, 2014 | $ 146,859 | $ 61 | (143,690) | (264,828) | (261,598) |
Net loss | (750) | (750) | |||
Balance, shares at Dec. 31, 2015 | 146,859,077 | 61,000 | |||
Balance, value at Dec. 31, 2015 | $ 146,859 | $ 61 | (143,690) | (265,578) | (262,348) |
Net loss | |||||
Balance, shares at Dec. 31, 2016 | 146,859,077 | 61,000 | |||
Balance, value at Dec. 31, 2016 | $ 146,859 | $ 61 | (143,690) | (265,578) | (262,348) |
Net loss | (13,043) | (13,043) | |||
Balance, shares at Dec. 31, 2017 | 146,859,077 | 61,000 | |||
Balance, value at Dec. 31, 2017 | $ 146,859 | $ 61 | (143,690) | (278,621) | (275,391) |
Net loss | (18,576) | (18,576) | |||
Balance, shares at Dec. 31, 2018 | 146,859,077 | 61,000 | |||
Balance, value at Dec. 31, 2018 | $ 146,859 | $ 61 | $ (143,690) | $ (297,197) | $ (293,967) |
Consolidated Statements Of Cash
Consolidated Statements Of Cash Flows - USD ($) | 12 Months Ended | ||||||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Cash flows from operating activities | |||||||||
Net loss | $ (18,576) | $ (13,043) | $ (750) | $ (28,709) | $ (28,731) | $ (7,416) | $ (30,653) | $ (71,319) | |
Adjustments to reconcile net loss to net cash flows from operating activities | |||||||||
Common stock issued in lieu of payment of liabilities | 3,230 | ||||||||
Gain due to forgiveness of accounts payable | 8,596 | ||||||||
Changes in operating assets and liabilities: | |||||||||
Increase in accounts payable and accrued expenses | 2,090 | 12,400 | 750 | 3,709 | 3,731 | 4,111 | 3,958 | 40,337 | |
Increase in related party advances | 25,082 | 643 | 25,000 | 25,000 | 3,305 | 26,695 | 27,752 | ||
Net cash flows from operating activities | |||||||||
Change in cash and cash equivalents | |||||||||
Cash and cash equivalents at beginning of period | |||||||||
Cash and cash equivalents at end of period | |||||||||
Supplemental disclosure of cash flow information: | |||||||||
Interest paid in cash | |||||||||
Income taxes paid in cash |
Organization And Going Concern
Organization And Going Concern | 12 Months Ended |
Dec. 31, 2018 | |
Organization And Going Concern | |
Organization and Going Concern | NOTE 1 – Organization and Going Concern Organization Our Company’s name is Arizona Gold and Onyx Mining Company (the “Company”). The Company was incorporated on November 12, 1986, in the state of Utah under the name of Silver Harvest, Inc. In February 1990, the Company amended its Articles of Incorporation to change its name to Viking Capital Group, Inc. In June 2010, the Company changed its name to its name to Arizona Gold and Onyx Mining Company. On February 1, 2018, the Company changed its name to its name to Nuzia Pharmaceutical Corporation in anticipation of completion of a merger with California Biotech, Inc., owner of www.NunziaPharmaceutical.com. Due to lack of FINRA approval of the name change to Nunzia Pharmaceutical Corporation, on April 17, 2019, the Company changed its name back to Arizona Gold and Onyx Mining Company. The proposed transaction has not been consummated. In February 2007, the company fell into default status after abandoning its business plan and for failing to file and pay annual fees to the State of Utah. On May 21, 2009, the Third District Court, in and for Salt Lake County, State of Utah, appointed a custodian to the Company. The custodian reestablished the Company in good standing, but did not resume operations. The Company was seeking an operating company with which to merge or to acquire. On October 5, 2009, the court appointed custodian reverse split (1-for-10) the outstanding Class B Common shares of 100,000 to 10,000 shares and issued a new certificate for 51,000 Class B Common shares to Joseph Arcaro, former CEO, bringing the total outstanding Class B Common shares of 61,000. On October 6, 2009, the Company affected a reverse split of 1:300 resulting in the reduction of Class A Common Stock outstanding from 112,410,467 to approximately 375,000 shares. On April 23, 2010, the Company filed Form 15 to suspend the Company’s reporting requirements under the Securities Exchange Act of 1934, as amended. On May 21, 2010, the Company affected a reverse split of 1-for 10 resulting in the reduction of Class A Common Stock outstanding to 89,077 shares. On June 21, 2010, the Company issued 12,000,000 shares of Class A Common Stock in exchange for $5,000 of debt bringing the total issued and outstanding Class A Common Stock to 12,089,077 shares. On June 28, 2010, the Company and Gold & Onyx Mining Company (“GOMC”) closed, a Securities Exchange Agreement (the “Merger”). Pursuant to the terms of the Merger, the Company changed its corporate name from Viking Capital Group, Inc. to Arizona Gold & Onyx Mining Company (“AGOMC”), and issued 131,000,000 shares to the shareholders of GOMC such that GOMC shareholders acquired approximately 91.6% of the total 143,089,077 shares of Class A Common Stock outstanding after the Merger. The terms and conditions of the Merger gave rise to reverse merger accounting whereby Gold & Onyx Mining Company was deemed the acquirer for accounting purposes. Consequently, the assets and liabilities and the historical operations of Gold & Onyx Mining Company prior to the Merger are reflected in the financial statements and have been recorded at the historical cost basis of Gold & Onyx Mining Company. In the purchase of GOMC by AGOMC, all seven subsidiaries of AGOMC became part of the combined corporation. These subsidiaries were: A1 Mining; NIAI Insurance Administrators, Inc. of California; Viking Capital Financial Services, Inc. of Texas; Viking Insurance Services, Inc. of Texas; Viking Systems, Inc. of Texas; Viking Administrators, Inc. of Texas; Viking Capital Ventures, Inc. of Texas; and 60% of Brentwood Re, Ltd. of the Island of Nevis. All of these subsidiaries have had their charters suspended or revoked and have been inactive for several years. On October 22, 2017, the Company and California Biotech, Inc., owner of www.NunziaPharmaceutical.com, entered into a Merger and Consolidation Agreement (the “MCA”). In anticipation of closing on the MCA, on February 1, 2018, the Board authorized a 7,000:1 reverse stock split (The Company filed with FINRA to approve the corporate action which is pending as of the date of this report) and amended its articles changing its name to Nunzia Pharmaceutical Corporation. A closing condition of the MCA is bringing the Company current with its SEC reporting requirements. Upon closing, the MCA provides for the Company to issue a single share for each single share of California Biotech, Inc. outstanding. Going Concern The Company’s financial statements are prepared using generally accepted accounting principles 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 costs to allow it to continue as a going concern. As of December 31, 2018, the Company had an accumulated deficit of $297,197. 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 view of these conditions, the ability of the Company to continue as a going concern is in doubt and dependent upon achieving a profitable level of operations and on the ability of the Company to obtain necessary financing to fund ongoing operations. Historically, the Company has relied upon internally generated funds and funds from the sale of shares of stock, issuance of promissory notes and loans from its shareholders and private investors to finance its operations and growth. Management is planning to raise necessary additional funds for working capital through loans and/or additional sales of its common stock. However, there is no assurance that the Company will be successful in raising additional capital or that such additional funds will be available on acceptable terms, if at all. Should the Company be unable to raise this amount of capital its operating plans will be limited to the amount of capital that it can access. These financial statements do not give effect to any adjustments which will be necessary should the Company be unable to continue as a going concern and therefore be required to realize its assets and discharge its liabilities in other than the normal course of business and at amounts different from those reflected in the accompanying financial statements. |
Summary Of Significant Accounti
Summary Of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2018 | |
Summary Of Significant Accounting Policies | |
Summary of Significant Accounting Policies | NOTE 2 – Summary of Significant Accounting Policies Principles of Consolidation These consolidated financial statements presented are those of the Company and its wholly owned subsidiaries, A1 Mining; NIAI Insurance Administrators, Inc. of California; Viking Capital Financial Services, Inc. of Texas; Viking Insurance Services, Inc. of Texas; Viking Systems, Inc. of Texas; Viking Administrators, Inc. of Texas; Viking Capital Ventures, Inc. of Texas; and 60% of Brentwood Re, Ltd. of the Island of Nevis. All subsidiaries have had their charters suspended or revoked and have been inactive for several years. All intercompany balances and transactions have been eliminated. Accounting estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ significantly from those estimates. Cash and cash equivalents The Company considers all highly liquid instruments purchased with an original maturity of three months or less and money market accounts to be cash equivalents. Income Taxes The Company accounts for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributed to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credits and loss carry-forwards. 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 and carry-forwards 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 that includes the enactment date. A valuation allowance is established when necessary to reduce deferred tax assets to amounts expected to be realized. The Company reports a liability for unrecognized tax benefits resulting from uncertain income tax positions, if any, taken or expected to be taken in an income tax return. Estimated interest and penalties are recorded as a component of interest expense or other expense, respectively. Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company utilizes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include: Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. During the periods covered by this report, the Company did not have any assets or liabilities that were required to be measured at fair value on a recurring basis or on a non-recurring basis. Fair Value of Financial Instruments The Company’s financial instruments consist of accounts payable, accrued expenses and notes payable. The carrying amounts of the Company’s financial instruments approximate fair value because of the short term maturity of these items. These fair value estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect those estimates. We do not hold or issue financial instruments for trading purposes, nor do we utilize derivative instruments. Net Income (Loss) Per Share The computation of basic earnings per share (“EPS”) is based on the weighted average number of shares that were outstanding during the period, including shares of common stock that are issuable at the end of the reporting period. The computation of diluted EPS is based on the number of basic weighted-average shares outstanding plus the number of common shares that would be issued assuming the exercise of all potentially dilutive common shares outstanding using the treasury stock method. The Company had no potentially dilutive securities as of December 31, 2018. Recent Accounting Pronouncements Any reference in these notes to applicable accounting guidance is meant to refer to the authoritative non-governmental US GAAP as found in the Financial Accounting Standards Board's Accounting Standards Codification. We review new accounting standards as issued. Although some of these accounting standards issued or effective after the end of our previous fiscal year may be applicable to us, we have not identified any standards that we believe merit discussion. We believe that none of the new standards will have a significant impact on our financial statements. |
Mineral Property
Mineral Property | 12 Months Ended |
Dec. 31, 2018 | |
Mineral Property | |
Mineral Property | NOTE 3 – Mineral Property The mineral property to which the Company, through its subsidiary A1 Mining, had rights was as follows: AMC 362655 of Nature’s Beauty Unlimited, Section 14 - On March 14, 2009, A1 Mining obtained the exclusive right and privilege from NATURAL STONE AND MINERAL, LLC to explore for, develop and mine any ores, minerals and material on or under the Property (Section #14). In consideration for this right and privilege, A1 Mining agreed to pay NATURAL STONE AND MINERAL, LLC one percent (1%) quarterly of the net revenue from all minerals mined and removed from the Property (other than those removed in non-commercial quantities for testing and sampling purposed); or, $5,000, which ever was greater. No recognized mineral appraisals were carried out and the rights to mine the properties lapsed in 2014. Additionally, A1 Mining had its charter revoked by Nevada. |
Current Liabilities
Current Liabilities | 12 Months Ended |
Dec. 31, 2018 | |
Current Liabilities | |
Current Liabilities | NOTE 4 – Current Liabilities Accounts Payable and Accrued Expenses During the year ended Decemner 31, 2010, the Company received funds from various third parties totaling $40,000 which were used for operating expenses and remain unpaid through December 31, 2018. Accounts payable and accrued expenses increased each year from 2011 through 2017 primarily due to stock agent fees and legal fees. Related party Advances From time-to-time the Company’s CEO has advanced funds to cover administrative costs related to maintaining the corporate entity and with the intent to bring its public filings current. Additionally, other related parties have provided services and or paid for costs on behalf of the Company. As of December 31, 2010, the balances advanced totaled $102,752. From 2010 through 2018, no reimbursements of related party advances were made to any related party due to the lack of funding. Related party advances grew by $27,752 in 2010, $26,695 in 2011, $3,305 in 2012, $25,000 in 2013, $25,000 in 2014, $0 in 2015 and 2016, $643 in 2017 and $25,082 in 2018. Related Party Promissory Note On May 9, 2009, the Company issued a non-interest bearing promissory note to our CEO in exchange for services. The note matured on May 5, 2010 and is currently in default. |
Stockholder's Equity
Stockholder's Equity | 12 Months Ended |
Dec. 31, 2018 | |
Stockholders Equity | |
Stockholder's Equity | NOTE 5 – Stockholder’s Equity Preferred Stock The Company has Preferred stock: $1.00 par value; 50,000,000 shares authorized with no shares issued and outstanding. Common Stock The Company has 500,000,000 shares of Class A Common Stock authorized of which 146,859,077 shares are issued and outstanding as of December 31, 2010 and 2018. The Company has 100,000 shares of Class B Common Stock authorized of which 61,000 shares are issued and outstanding as of December 31, 2010 and 2018. The Class B shares are the only shares entitled to vote for Board Members. Class A and B shares are entitled to vote on all other matters. On October 5, 2009, the court-appointed Custodian reverse split (1-for-10) the outstanding Class B Common shares of 100,000 to 10,000 shares and issued a new certificate for 51,000 to Joseph Arcaro, former CEO, bringing the total outstanding Class B Common shares to 61,000. On October 6, 2009, the Company affected a reverse split of 1:300 resulting in the reduction of Class A Common Stock outstanding from 112,410,467 to approximately 375,000 shares. On February 23, 2010, Mr. Arcaro was issued 400,000 shares of Class A Common Stock. On May 20, 2010, the Company affected a reverse stock split of 1:10 resulting in the reduction of Class A Common Stock outstanding from approximately 775,000 shares to approximately 89,077 shares after giving effect to prior stock-split split adjustments. On June 17, 2010, Joseph Arcaro assigned 51,000 shares of Class B Common Stock to Michael Mitsunaga, CEO. On June 21, 2010, the Company issued 12,000,000 shares of Class A Common Stock in exchange for $5,000 of debt. On June 28, 2010, the Company issued 131,000,000 shares of Class A Common Stock to the shareholders of Gold & Onyx Mining Company pursuant to the Merger. On August 3, 2010, the Company issued 3,770,000 shares of Class A Common Stock in lieu of payment of related party advances totaling $3,230. No shares of Class A or Class B Common Stock have been issued or canceled from 2011 through 2018. On February 1, 2018, the Board of Directors authorized a one for seven thousand (1:7000) reverse stock split which will reduce the current outstanding shares of Class A Common Stock from 146,859,077 shares outstanding to approximately 20,980 shares outstanding. As of the date of this filing, the Company is waiting for FINRA to approve this corporate action. All share based amounts will be updated to reflect this reverse stock split after FINRA approves the action. |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2018 | |
Income Taxes | |
Income Taxes | NOTE 6 – Income Taxes Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets at December 31, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011 and 2010 are as follows: 2018 2017 2016 2015 2014 2013 2012 2011 2010 Deferred tax assets: Net operating loss carryforwards $ 297,197 $ 278,621 $ 265,578 $ 265,578 $ 264,828 $ 236,119 $ 207,388 $ 199,972 $ 169,319 Statutory tax rate 21 % 21 % 21 % 21 % 21 % 21 % 21 % 21 % 21 % Total deferred tax assets 62,411 58,510 55,771 55,771 55,614 49,585 43,551 41,994 35,557 Less: valuation allowance (62,411 ) (58,510 ) (55,771 ) (55,771 ) (55,614 ) (49,585 ) (43,551 ) (41,994 ) (35,557 ) Net deferred tax asset $ — $ — $ — $ — $ — $ — $ — $ — $ — A reconciliation between the amount of income tax benefit determined by applying the applicable U.S. statutory income tax rate to pre-tax loss for the years ended December 31, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011 and 2010 is as follows: 2018 2017 2016 2015 2014 2013 2012 2011 2010 Federal Statutory Rate $ (3,901 ) $ (2,739 ) $ — $ (158 ) $ (6,029 ) $ (6,034 ) $ (1,557 ) $ (6,437 ) $ (14,977 ) Nondeductible expenses — — — — — — — — — Change in allowance on deferred tax assets (3,901 ) (2,739 ) — (158 ) (6,029 ) (6,034 ) (1,557 ) (6,437 ) (14,977 ) $ — $ — $ — $ — $ — $ — $ — $ — $ — The net increase in the valuation allowance for deferred tax assets was $6,437, $1,557, $6,034, $6,029, $158, $0, $2,739 and $3,901 for the years ended December 31, 2011, 2012, 2013, 2014, 2015, 2016, 2017 and 2018, respectively. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Due to the uncertainty of realizing the deferred tax asset, management has recorded a valuation allowance against the entire deferred tax asset. For federal income tax purposes, the Company has net U.S. operating loss carry forwards at December 31, 2018 available to offset future federal taxable income, if any, of $297,197. The utilization of the tax net operating loss carry forwards may be limited due to ownership changes that have occurred as a result of sales of common stock. The fiscal years 2015 through 2017 remain open to examination by federal authorities and other jurisdictions in which the Company operates. |
Merger
Merger | 12 Months Ended |
Dec. 31, 2018 | |
Merger | |
Merger | NOTE 8 - Merger On June 28, 2010, the Company and Gold & Onyx Mining Company closed, a Securities Exchange Agreement. Pursuant to the terms of the Merger, the Company changed its corporate name from Viking Capital Group, Inc. to Arizona Gold & Onyx Mining Company, and issued 131,000,000 shares to the shareholders of GOMC such that GOMC shareholders acquired approximately 91.6% of the total 143,089,077 shares of Class A Common Stock outstanding after the Merger. The terms and conditions of the Merger gave rise to reverse merger accounting whereby Gold & Onyx Mining Company was deemed the acquirer for accounting purposes. Consequently, the assets and liabilities and the historical operations of Gold & Onyx Mining Company prior to the Merger are reflected in the financial statements and have been recorded at the historical cost basis of Gold & Onyx Mining Company. Our financial statements include the assets and liabilities of both the Company and GOMC. The Merger was accounted for under recapitalization accounting whereby the equity of GOMC is presented as the equity of the combined enterprise and the capital account of the Company is adjusted to reflect the par value of the outstanding stock of GOMC after giving effect to the number of shares issued in the Merger. Shares retained by the Company shareholders (12,089,077 Class A common shares and 61,000 Class B Common shares) are reflected as an issuance as of the reverse merger date for the historical amount of the net liabilities of GOMC. The following financial information has been developed by application of pro forma adjustments to the historical financial statements of the Company appearing elsewhere in this Current Report. The unaudited pro forma information gives effect to the Merger which has been assumed to have occurred on June 28, 2010 for purposes of the statement of operations. The Company evaluated the existence of intangible assets that should be recognized in business combinations, pursuant to ASC 805-20-25-4. No intangible assets were identified. The unaudited pro forma financial information is presented for informational purposes only and does not purport to represent what the results of operations or financial position of the Company would have been had the transactions described above actually occurred on the dates indicated, nor do they purport to project the financial condition of the Company for any future period or as of any future date. The unaudited pro forma financial information should be read in conjunction with the Company's financial statements and notes thereto included elsewhere in this Current Report. The condensed consolidated pro forma results of operations for the six months ended June 28, 2010 and year ended December 31, 2009 are as follows: ARIZONA GOLD AND ONYX MINING COMPANY Unaudited Consolidated Statements of Operations Six Months Ended June 28, 2010 Year Ended December 31, 2009 GOMC AGOMC GOMC AGOMC Actual Actual Pro Forma Actual Actual Pro Forma Revenue $ — $ — $ — $ — $ — $ — Expenses Selling, general and administrative — — — 98,000 65,000 163,000 Total expenses — — — 98,000 65,000 163,000 Income (loss) from operations — — — (98,000 ) (65,000 ) (163,000 ) Provision for income taxes — — — — — — Net earnings (loss) $ — $ — $ — $ (98,000 ) $ (65,000 ) $ (163,000 ) Common stock outstanding 131,000,000 131,000,000 131,000,000 131,000,000 Common stock issued in Merger 12,089,077 12,089,077 12,089,077 12,089,077 Total common shares outstanding 143,089,077 143,089,077 Net income (loss) per common share $ — $ (0.00 ) The condensed consolidated pro forma financial position as of the date of merger is as follows: ARIZONA GOLD AND ONYX MINING COMPANY (f/k/a VIKING CAPITAL GROUP, INC.) UNAUDITED CONSOLIDATED PRO FORMA BALANCE SHEETS AS OF JUNE 28, 2010 Viking Capital Gold & Onyx Group, Inc. Mining Company (Public Co.) (Private Co.) (AGOMC) (GOMC) Accounting Accounting Merger Acquiree Acquiror Adjustments Pro Forma ASSETS Total assets $ — $ — $ — $ — LIABILITIES AND STOCKHOLDERS' DEFICIT Accounts payable and accrued liabilities $ 5,000 $ 75,000 $ (5,000 ) $ 75,000 Non interest bearing promissory note — 23,000 — 23,000 Total current liabilities 5,000 98,000 (5,000 ) 98,000 Total liabilities 5,000 98,000 (5,000 ) 98,000 Commitments and contingencies Stockholders' equity (deficit) Common stock; Class A, $0.001 par value, 500,000,000 shares authorized 12,089 306,000 (175,000 ) 143,089 Common stock; Class B, $0.001 par value, 100,000 shares authorized 61 — — 61 Additional paid-in capital 34,074,850 (306,000 ) (33,912,000 ) (143,150 ) Retained deficit (34,092,000 ) (98,000 ) 34,092,000 (98,000 ) Total stockholders' deficit (5,000 ) (98,000 ) 5,000 (98,000 ) Total liabilities and stockholders' deficit $ — $ — $ — $ — |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2018 | |
Subsequent Events | |
Subsequent Events | NOTE 9 – Subsequent Events Management has reviewed material events subsequent of the period ended December 31, 2018 and prior to the filing of financial statements in accordance with FASB ASC 855 “Subsequent Events”. On April 17, 2019, the Company changed its name back to Arizona Gold and Onyx Mining Company from Nunzia Pharmaceutical Corporation due to lack of FINRA approval of the name change to Nunzia Pharmaceutical Corporation. The proposed transaction has not been consummated. |
Summary Of Significant Accoun_2
Summary Of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Summary Of Significant Accounting Policies Policies Abstract | |
Principles of Consolidation | Principles of Consolidation These consolidated financial statements presented are those of the Company and its wholly owned subsidiaries, A1 Mining; NIAI Insurance Administrators, Inc. of California; Viking Capital Financial Services, Inc. of Texas; Viking Insurance Services, Inc. of Texas; Viking Systems, Inc. of Texas; Viking Administrators, Inc. of Texas; Viking Capital Ventures, Inc. of Texas; and 60% of Brentwood Re, Ltd. of the Island of Nevis. All subsidiaries have had their charters suspended or revoked and have been inactive for several years. All intercompany balances and transactions have been eliminated. |
Accounting estimates | Accounting estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ significantly from those estimates. |
Cash and cash equivalents | Cash and cash equivalents The Company considers all highly liquid instruments purchased with an original maturity of three months or less and money market accounts to be cash equivalents. |
Income Taxes | Income Taxes The Company accounts for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributed to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credits and loss carry-forwards. 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 and carry-forwards 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 that includes the enactment date. A valuation allowance is established when necessary to reduce deferred tax assets to amounts expected to be realized. The Company reports a liability for unrecognized tax benefits resulting from uncertain income tax positions, if any, taken or expected to be taken in an income tax return. Estimated interest and penalties are recorded as a component of interest expense or other expense, respectively. |
Fair Value Measurements | Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company utilizes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include: Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. During the periods covered by this report, the Company did not have any assets or liabilities that were required to be measured at fair value on a recurring basis or on a non-recurring basis. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company’s financial instruments consist of accounts payable, accrued expenses and notes payable. The carrying amounts of the Company’s financial instruments approximate fair value because of the short term maturity of these items. These fair value estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect those estimates. We do not hold or issue financial instruments for trading purposes, nor do we utilize derivative instruments. |
Net Income (Loss) Per Share | Net Income (Loss) Per Share The computation of basic earnings per share (“EPS”) is based on the weighted average number of shares that were outstanding during the period, including shares of common stock that are issuable at the end of the reporting period. The computation of diluted EPS is based on the number of basic weighted-average shares outstanding plus the number of common shares that would be issued assuming the exercise of all potentially dilutive common shares outstanding using the treasury stock method. The Company had no potentially dilutive securities as of December 31, 2018. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements Any reference in these notes to applicable accounting guidance is meant to refer to the authoritative non-governmental US GAAP as found in the Financial Accounting Standards Board's Accounting Standards Codification. We review new accounting standards as issued. Although some of these accounting standards issued or effective after the end of our previous fiscal year may be applicable to us, we have not identified any standards that we believe merit discussion. We believe that none of the new standards will have a significant impact on our financial statements. |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Income Taxes Tables Abstract | |
Schedule of Deferred Tax Assets | Significant components of the Company’s deferred tax assets at December 31, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011 and 2010 are as follows: 2018 2017 2016 2015 2014 2013 2012 2011 2010 Deferred tax assets: Net operating loss carryforwards $ 297,197 $ 278,621 $ 265,578 $ 265,578 $ 264,828 $ 236,119 $ 207,388 $ 199,972 $ 169,319 Statutory tax rate 21 % 21 % 21 % 21 % 21 % 21 % 21 % 21 % 21 % Total deferred tax assets 62,411 58,510 55,771 55,771 55,614 49,585 43,551 41,994 35,557 Less: valuation allowance (62,411 ) (58,510 ) (55,771 ) (55,771 ) (55,614 ) (49,585 ) (43,551 ) (41,994 ) (35,557 ) Net deferred tax asset $ — $ — $ — $ — $ — $ — $ — $ — $ — |
Schedule of Reconcilation of Income Taxes Benefit | A reconciliation between the amount of income tax benefit determined by applying the applicable U.S. statutory income tax rate to pre-tax loss for the years ended December 31, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011 and 2010 is as follows: 2018 2017 2016 2015 2014 2013 2012 2011 2010 Federal Statutory Rate $ (3,901 ) $ (2,739 ) $ — $ (158 ) $ (6,029 ) $ (6,034 ) $ (1,557 ) $ (6,437 ) $ (14,977 ) Nondeductible expenses — — — — — — — — — Change in allowance on deferred tax assets (3,901 ) (2,739 ) — (158 ) (6,029 ) (6,034 ) (1,557 ) (6,437 ) (14,977 ) $ — $ — $ — $ — $ — $ — $ — $ — $ — |
Merger (Tables)
Merger (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Merger Tables Abstract | |
Schedule of Unaudited Condensed Consolidated Pro Forma Financial Information | The condensed consolidated pro forma results of operations for the six months ended June 28, 2010 and year ended December 31, 2009 are as follows: ARIZONA GOLD AND ONYX MINING COMPANY Unaudited Consolidated Statements of Operations Six Months Ended June 28, 2010 Year Ended December 31, 2009 GOMC AGOMC GOMC AGOMC Actual Actual Pro Forma Actual Actual Pro Forma Revenue $ — $ — $ — $ — $ — $ — Expenses Selling, general and administrative — — — 98,000 65,000 163,000 Total expenses — — — 98,000 65,000 163,000 Income (loss) from operations — — — (98,000 ) (65,000 ) (163,000 ) Provision for income taxes — — — — — — Net earnings (loss) $ — $ — $ — $ (98,000 ) $ (65,000 ) $ (163,000 ) Common stock outstanding 131,000,000 131,000,000 131,000,000 131,000,000 Common stock issued in Merger 12,089,077 12,089,077 12,089,077 12,089,077 Total common shares outstanding 143,089,077 143,089,077 Net income (loss) per common share $ — $ (0.00 ) The condensed consolidated pro forma financial position as of the date of merger is as follows: ARIZONA GOLD AND ONYX MINING COMPANY (f/k/a VIKING CAPITAL GROUP, INC.) UNAUDITED CONSOLIDATED PRO FORMA BALANCE SHEETS AS OF JUNE 28, 2010 Viking Capital Gold & Onyx Group, Inc. Mining Company (Public Co.) (Private Co.) (AGOMC) (GOMC) Accounting Accounting Merger Acquiree Acquiror Adjustments Pro Forma ASSETS Total assets $ — $ — $ — $ — LIABILITIES AND STOCKHOLDERS' DEFICIT Accounts payable and accrued liabilities $ 5,000 $ 75,000 $ (5,000 ) $ 75,000 Non interest bearing promissory note — 23,000 — 23,000 Total current liabilities 5,000 98,000 (5,000 ) 98,000 Total liabilities 5,000 98,000 (5,000 ) 98,000 Commitments and contingencies Stockholders' equity (deficit) Common stock; Class A, $0.001 par value, 500,000,000 shares authorized 12,089 306,000 (175,000 ) 143,089 Common stock; Class B, $0.001 par value, 100,000 shares authorized 61 — — 61 Additional paid-in capital 34,074,850 (306,000 ) (33,912,000 ) (143,150 ) Retained deficit (34,092,000 ) (98,000 ) 34,092,000 (98,000 ) Total stockholders' deficit (5,000 ) (98,000 ) 5,000 (98,000 ) Total liabilities and stockholders' deficit $ — $ — $ — $ — |
Income Taxes (Schedule Of Defer
Income Taxes (Schedule Of Deferred Tax Assets) (Details) - USD ($) | 12 Months Ended | ||||||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Deferred tax assets: | |||||||||
Net operating loss carryforwards | $ 297,197 | $ 278,621 | $ 265,578 | $ 265,578 | $ 264,828 | $ 236,119 | $ 207,388 | $ 199,972 | $ 169,319 |
Statutory tax rate | 21.00% | 21.00% | 21.00% | 21.00% | 21.00% | 21.00% | 21.00% | 21.00% | 21.00% |
Total deferred tax assets | $ 62,411 | $ 58,510 | $ 55,771 | $ 55,771 | $ 55,614 | $ 49,585 | $ 43,551 | $ 41,994 | $ 35,557 |
Less: valuation allowance | 62,411 | 58,510 | 55,771 | 55,771 | 55,614 | 49,585 | 43,551 | 41,994 | 35,557 |
Net deferred tax asset |
Income Taxes (Schedule Of Recon
Income Taxes (Schedule Of Reconcilation Of Income Taxes Benefit) (Details) - USD ($) | 12 Months Ended | ||||||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Income Taxes Schedule Of Reconcilation Of Income Taxes Benefit | |||||||||
Federal Statutory Rate | $ (3,901) | $ (2,739) | $ (158) | $ (6,029) | $ (6,034) | $ (1,557) | $ (6,437) | $ (14,977) | |
Nondeductible expenses | |||||||||
Change in allowance on deferred tax assets | 3,901 | 2,739 | 158 | 6,029 | 6,034 | 1,557 | 6,437 | 14,977 | |
Provision for income taxes |
Merger (Schedule Of Unaudited C
Merger (Schedule Of Unaudited Condensed Consolidated Pro Forma Statements Of Operations) (Details) - USD ($) | 6 Months Ended | 12 Months Ended | |||||||||
Jun. 28, 2010 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009 | |
Revenue | |||||||||||
Expenses | |||||||||||
Total expenses | 27,172 | 13,043 | 750 | 28,709 | 28,731 | 7,416 | 30,653 | 71,319 | |||
Income (loss) from operations | (27,172) | (13,043) | (750) | (28,709) | (28,731) | (7,416) | (30,653) | (71,319) | |||
Provision for income taxes | |||||||||||
Net earnings (loss) | $ (18,576) | $ (13,043) | $ (750) | $ (28,709) | $ (28,731) | $ (7,416) | $ (30,653) | $ (71,319) | |||
Total common shares outstanding | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 139,052,639 | ||
Net income (loss) per common share | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | |||
Pro Forma [Member] | |||||||||||
Revenue | |||||||||||
Expenses | |||||||||||
Selling, general and administrative | 163,000 | ||||||||||
Total expenses | 163,000 | ||||||||||
Income (loss) from operations | (163,000) | ||||||||||
Provision for income taxes | |||||||||||
Net earnings (loss) | $ (163,000) | ||||||||||
Common stock outstanding | 131,000,000 | 131,000,000 | |||||||||
Common stock issued in Merger | 12,089,077 | 12,089,077 | |||||||||
Total common shares outstanding | 143,089,077 | 143,089,077 | |||||||||
Net income (loss) per common share | $ 0 | ||||||||||
Arizona Gold And Onyx Mining Company [Member] | |||||||||||
Revenue | |||||||||||
Expenses | |||||||||||
Selling, general and administrative | 65,000 | ||||||||||
Total expenses | 65,000 | ||||||||||
Income (loss) from operations | (65,000) | ||||||||||
Provision for income taxes | |||||||||||
Net earnings (loss) | $ (65,000) | ||||||||||
Common stock issued in Merger | 12,089,077 | 12,089,077 | |||||||||
Gold & Onyx Mining Company [Member] | |||||||||||
Revenue | |||||||||||
Expenses | |||||||||||
Selling, general and administrative | 98,000 | ||||||||||
Total expenses | 98,000 | ||||||||||
Income (loss) from operations | (98,000) | ||||||||||
Provision for income taxes | |||||||||||
Net earnings (loss) | $ (98,000) | ||||||||||
Common stock outstanding | 131,000,000 | 131,000,000 |
Merger (Schedule Of Unaudited_2
Merger (Schedule Of Unaudited Condensed Consolidated Pro Forma Balance Sheets) (Details) - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Jun. 28, 2010 | Dec. 31, 2009 |
ASSETS | |||||||||||
Total assets | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | ||
LIABILITIES AND STOCKHOLDERS' DEFICIT | |||||||||||
Accounts payable and accrued liabilities | 62,490 | 68,996 | 56,596 | 56,596 | 55,846 | 52,137 | 48,406 | 44,295 | 40,337 | ||
Total current liabilities | 293,967 | 275,391 | 262,348 | 262,348 | 261,598 | 232,889 | 204,158 | 196,742 | 166,089 | ||
Stockholders' equity (deficit) | |||||||||||
Common stock; Class A, $0.001 par value, 500,000,000 shares authorized; Class B, $0.001 par value, 100,000 shares authorized | 146,920 | 146,920 | 146,920 | 146,920 | 146,920 | 146,920 | 146,920 | 146,920 | 146,920 | ||
Additional paid-in capital | (143,690) | (143,690) | (143,690) | (143,690) | (143,690) | (143,690) | (143,690) | (143,690) | (143,690) | ||
Retained deficit | (297,197) | (278,621) | (265,578) | (265,578) | (264,828) | (236,119) | (207,388) | (199,972) | (169,319) | ||
Total stockholders' deficit | (293,967) | (275,391) | (262,348) | (262,348) | (261,598) | (232,889) | (204,158) | (196,742) | (166,089) | $ (98,000) | |
Total liabilities and stockholders' deficit | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | ||
Merger Adjustments [Member] | |||||||||||
ASSETS | |||||||||||
Total assets | $ 0 | ||||||||||
LIABILITIES AND STOCKHOLDERS' DEFICIT | |||||||||||
Accounts payable and accrued liabilities | (5,000) | ||||||||||
Non interest bearing promissory note | |||||||||||
Total current liabilities | (5,000) | ||||||||||
Total liabilities | (5,000) | ||||||||||
Stockholders' equity (deficit) | |||||||||||
Common stock; Class A, $0.001 par value, 500,000,000 shares authorized; Class B, $0.001 par value, 100,000 shares authorized | (175,000) | ||||||||||
Additional paid-in capital | (33,912,000) | ||||||||||
Retained deficit | 34,092,000 | ||||||||||
Total stockholders' deficit | 5,000 | ||||||||||
Total liabilities and stockholders' deficit | 0 | ||||||||||
Pro Forma [Member] | |||||||||||
ASSETS | |||||||||||
Total assets | 0 | ||||||||||
LIABILITIES AND STOCKHOLDERS' DEFICIT | |||||||||||
Accounts payable and accrued liabilities | 75,000 | ||||||||||
Non interest bearing promissory note | 23,000 | ||||||||||
Total current liabilities | 98,000 | ||||||||||
Total liabilities | 98,000 | ||||||||||
Stockholders' equity (deficit) | |||||||||||
Common stock; Class A, $0.001 par value, 500,000,000 shares authorized; Class B, $0.001 par value, 100,000 shares authorized | 143,150 | ||||||||||
Additional paid-in capital | (143,150) | ||||||||||
Retained deficit | (98,000) | ||||||||||
Total stockholders' deficit | (98,000) | ||||||||||
Total liabilities and stockholders' deficit | 0 | ||||||||||
Gold & Onyx Mining Company [Member] | |||||||||||
ASSETS | |||||||||||
Total assets | 0 | ||||||||||
LIABILITIES AND STOCKHOLDERS' DEFICIT | |||||||||||
Accounts payable and accrued liabilities | 75,000 | ||||||||||
Non interest bearing promissory note | 23,000 | ||||||||||
Total current liabilities | 98,000 | ||||||||||
Total liabilities | 98,000 | ||||||||||
Stockholders' equity (deficit) | |||||||||||
Common stock; Class A, $0.001 par value, 500,000,000 shares authorized; Class B, $0.001 par value, 100,000 shares authorized | 306,000 | ||||||||||
Additional paid-in capital | (306,000) | ||||||||||
Retained deficit | (98,000) | ||||||||||
Total stockholders' deficit | (98,000) | ||||||||||
Total liabilities and stockholders' deficit | 0 | ||||||||||
Arizona Gold And Onyx Mining Company [Member] | |||||||||||
ASSETS | |||||||||||
Total assets | 0 | ||||||||||
LIABILITIES AND STOCKHOLDERS' DEFICIT | |||||||||||
Accounts payable and accrued liabilities | 5,000 | ||||||||||
Non interest bearing promissory note | |||||||||||
Total current liabilities | 5,000 | ||||||||||
Total liabilities | 5,000 | ||||||||||
Stockholders' equity (deficit) | |||||||||||
Common stock; Class A, $0.001 par value, 500,000,000 shares authorized; Class B, $0.001 par value, 100,000 shares authorized | 12,150 | ||||||||||
Additional paid-in capital | 34,074,850 | ||||||||||
Retained deficit | (34,092,000) | ||||||||||
Total stockholders' deficit | (5,000) | ||||||||||
Total liabilities and stockholders' deficit | $ 0 |
Organization And Going Concern
Organization And Going Concern (Narrative) (Details) - USD ($) | Feb. 01, 2018 | Oct. 22, 2017 | Jun. 28, 2010 | Jun. 21, 2010 | May 21, 2010 | May 20, 2010 | Feb. 23, 2010 | Oct. 06, 2009 | Oct. 05, 2009 | Dec. 31, 2010 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2009 |
Gold & Onyx Mining Company [Member] | |||||||||||||||||||
Equity interest percentage owned by GOMC shareholders in business acquisition | 91.60% | ||||||||||||||||||
Merger decriptions | The terms and conditions of the Merger gave rise to reverse merger accounting whereby Gold & Onyx Mining Company was deemed the acquirer for accounting purposes. Consequently, the assets and liabilities and the historical operations of Gold & Onyx Mining Company prior to the Merger are reflected in the financial statements and have been recorded at the historical cost basis of Gold & Onyx Mining Company. In the purchase of GOMC by AGOMC, all seven subsidiaries of AGOMC became part of the combined corporation. These subsidiaries were: A1 Mining; NIAI Insurance Administrators, Inc. of California; Viking Capital Financial Services, Inc. of Texas; Viking Insurance Services, Inc. of Texas; Viking Systems, Inc. of Texas; Viking Administrators, Inc. of Texas; Viking Capital Ventures, Inc. of Texas; and 60% of Brentwood Re, Ltd. of the Island of Nevis. All of these subsidiaries have had their charters suspended or revoked and have been inactive for several years. | ||||||||||||||||||
Merger And Consolidation Agreement (“MCA”) With California Biotech, Inc. [Member] | |||||||||||||||||||
Merger decriptions | The Company and California Biotech, Inc., owner of www.NunziaPharmaceutical.com, entered into a Merger and Consolidation Agreement (the “MCA”). In anticipation of closing on the MCA, on February 1, 2018, the Board authorized a 7,000:1 reverse stock split (The Company filed with FINRA to approve the corporate action which is pending as of the date of this report) and amended its articles changing its name to Nunzia Pharmaceutical Corporation. A closing condition of the MCA is bringing the Company current with its SEC reporting requirements. Upon closing, the MCA provides for the Company to issue a single share for each single share of California Biotech, Inc. outstanding. | ||||||||||||||||||
Common Stock Class B [Member] | |||||||||||||||||||
Reverse split description | Reverse split (1-for-10) the outstanding Class B Common shares of 100,000 to 10,000 shares | ||||||||||||||||||
Common stock, shares outstanding | 61,000 | 61,000 | 61,000 | 61,000 | 61,000 | 61,000 | 61,000 | 61,000 | 61,000 | 61,000 | |||||||||
Common Stock Class B [Member] | Joseph Arcaro, Former CEO [Member] | |||||||||||||||||||
Share issued, shares | 51,000 | ||||||||||||||||||
Common Stock Class A [Member] | |||||||||||||||||||
Reverse split description | The Board of Directors authorized a one for seven thousand (1:7000) reverse stock split which will reduce the current outstanding shares of Class A Common Stock from 146,859,077 shares outstanding to approximately 20,980 shares outstanding. | Reverse split of 1-for 10 resulting in the reduction of Class A Common Stock outstanding to 89,077 shares. | Reverse stock split of 1:10 resulting in the reduction of Class A Common Stock outstanding from approximately 775,000 shares to approximately 89,077 shares | Reverse split of 1:300 resulting in the reduction of Class A Common Stock outstanding from 112,410,467 to approximately 375,000 shares. | |||||||||||||||
Share issued, shares | 3,770,000 | ||||||||||||||||||
Common stock, shares outstanding | 143,089,077 | 12,089,077 | 89,077 | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | 131,000,000 | ||||||
Share issued for exchange of debt, shares | 12,000,000 | ||||||||||||||||||
Share issued for exchange of debt, value | $ 5,000 | ||||||||||||||||||
Common Stock Class A [Member] | Gold & Onyx Mining Company [Member] | |||||||||||||||||||
Shares issued in merger , shares | 131,000,000 | ||||||||||||||||||
Common Stock Class A [Member] | Joseph Arcaro, Former CEO [Member] | |||||||||||||||||||
Share issued, shares | 400,000 |
Mineral Property (Narrative) (D
Mineral Property (Narrative) (Details) | Mar. 14, 2009 |
A1 Mining [Member] | |
Mineral property rights description from Natural Stone And Mineral, LLC | A1 Mining obtained the exclusive right and privilege from NATURAL STONE AND MINERAL, LLC to explore for, develop and mine any ores, minerals and material on or under the Property (Section #14). In consideration for this right and privilege, A1 Mining agreed to pay NATURAL STONE AND MINERAL, LLC one percent (1%) quarterly of the net revenue from all minerals mined and removed from the Property (other than those removed in non-commercial quantities for testing and sampling purposed); or, $5,000, which ever was greater. No recognized mineral appraisals were carried out and the rights to mine the properties lapsed in 2014. |
Current Liabilities (Narrative)
Current Liabilities (Narrative) (Details) - USD ($) | May 09, 2009 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Related party advances | $ 208,477 | $ 183,395 | $ 182,752 | $ 182,752 | $ 182,752 | $ 157,752 | $ 132,752 | $ 129,447 | $ 102,752 | |
Related Party [Member] | ||||||||||
Related party advances | 102,752 | |||||||||
Proceeds from related party | $ 25,082 | $ 643 | $ 0 | $ 0 | $ 25,000 | $ 25,000 | $ 3,305 | $ 26,695 | 27,752 | |
CEO [Member] | Promissory Notes Payable [Member] | ||||||||||
Promissory note interest terms | This note is non-interest bearing promissory note | |||||||||
Promissory note maturity date | May 5, 2010 | |||||||||
Promissory note description | This note is currently in default. | |||||||||
Various Third Parties [Member] | ||||||||||
Proceeds from various third parties | $ 40,000 |
Stockholder's Equity (Narrative
Stockholder's Equity (Narrative) (Details) - USD ($) | Feb. 01, 2018 | Aug. 03, 2010 | Jun. 21, 2010 | Jun. 17, 2010 | May 21, 2010 | May 20, 2010 | Feb. 23, 2010 | Oct. 06, 2009 | Oct. 05, 2009 | Dec. 31, 2018 | Dec. 31, 2010 |
Common Stock Class A [Member] | |||||||||||
Share issued, shares | 3,770,000 | ||||||||||
Reverse split description | The Board of Directors authorized a one for seven thousand (1:7000) reverse stock split which will reduce the current outstanding shares of Class A Common Stock from 146,859,077 shares outstanding to approximately 20,980 shares outstanding. | Reverse split of 1-for 10 resulting in the reduction of Class A Common Stock outstanding to 89,077 shares. | Reverse stock split of 1:10 resulting in the reduction of Class A Common Stock outstanding from approximately 775,000 shares to approximately 89,077 shares | Reverse split of 1:300 resulting in the reduction of Class A Common Stock outstanding from 112,410,467 to approximately 375,000 shares. | |||||||
Share issued in lieu of payment of related party advances, shares | 12,000,000 | ||||||||||
Share issued in lieu of payment of related party advances, value | $ 5,000 | ||||||||||
Common Stock Class A [Member] | Related Party [Member] | Advances [Member] | |||||||||||
Share issued in lieu of payment of related party advances, shares | 3,770,000 | ||||||||||
Share issued in lieu of payment of related party advances, value | $ 3,230 | ||||||||||
Common Stock Class A [Member] | Joseph Arcaro, Former CEO [Member] | |||||||||||
Share issued, shares | 400,000 | ||||||||||
Common Stock Class B [Member] | |||||||||||
Reverse split description | Reverse split (1-for-10) the outstanding Class B Common shares of 100,000 to 10,000 shares | ||||||||||
Common Stock Class B [Member] | Joseph Arcaro, Former CEO [Member] | |||||||||||
Share issued, shares | 51,000 | ||||||||||
Shares assigned to Michael Mitsunaga, CEO | 51,000 | ||||||||||
Preferred Stock [Member] | |||||||||||
Preferred stock, par value per share | $ 1 | ||||||||||
Preferred stock, shares authorized | 50,000,000 | ||||||||||
Preferred stock, shares issued | 0 | ||||||||||
Preferred stock, shares outstanding | 0 | ||||||||||
Common Stock [Member] | |||||||||||
Common shares voting rights | The Class B shares are the only shares entitled to vote for Board Members. Class A and B shares are entitled to vote on all other matters. |