Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2019 | May 23, 2019 | |
Document And Entity Information | ||
Entity Registrant Name | Arizona Gold & Onyx Mining Co | |
Entity Central Index Key | 0000886093 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2019 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Is Entity's Reporting Status Current? | No | |
Is Entity Emerging Growth Company? | false | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding | 146,859,077 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2019 |
Consolitdated Balance Sheets
Consolitdated Balance Sheets - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
ASSETS | ||
Current assets | ||
Total assets | 0 | 0 |
Current liabilities | ||
Accounts payable and accrued liabilities | 63,297 | 62,490 |
Related party advances | 213,927 | 208,477 |
Related party promissory note | 23,000 | 23,000 |
Total current liabilities | 300,224 | 293,967 |
Stockholders' deficit | ||
Common stock; Class A, $0.001 par value, 500,000,000 shares authorized, 146,859,077 shares issued and outstanding at March 31, 2019 and December 31, 2018; Class B, $0.001 par value, 100,000 shares authorized, 61,000 shares issued and outstanding at March 31, 2019 and December 31, 2018 | 146,920 | 146,920 |
Additional paid-in capital | (143,690) | (143,690) |
Retained deficit | (303,454) | (297,197) |
Total stockholders' deficit | (300,224) | (293,967) |
Total liabilities and stockholders' deficit | 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 March 31, 2019 and December 31, 2018; Class B, $0.001 par value, 100,000 shares authorized, 61,000 shares issued and outstanding at March 31, 2019 and December 31, 2018 | 146,859 | 146,859 |
Total stockholders' deficit | 146,859 | 146,859 |
Total liabilities and stockholders' deficit | 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 March 31, 2019 and December 31, 2018; Class B, $0.001 par value, 100,000 shares authorized, 61,000 shares issued and outstanding at March 31, 2019 and December 31, 2018 | 61 | 61 |
Total stockholders' deficit | 61 | 61 |
Total liabilities and stockholders' deficit | $ 61 | $ 61 |
Consolitdated Balance Sheets (P
Consolitdated Balance Sheets (Parenthetical) - $ / shares | Mar. 31, 2019 | Dec. 31, 2018 |
Common Stock Class A [Member] | ||
Common stock, par value per share | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, shares issued | 146,859,077 | 146,859,077 |
Common stock, shares outstanding | 146,859,077 | 146,859,077 |
Common Stock Class B [Member] | ||
Common stock, par value per share | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 100,000 | 100,000 |
Common stock, shares issued | 61,000 | 61,000 |
Common stock, shares outstanding | 61,000 | 61,000 |
Consolidated Statements Of Oper
Consolidated Statements Of Operations (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Income Statement [Abstract] | ||
Revenue | ||
Operating expense | ||
General and administrative | 6,257 | 19,262 |
Total operating expense | 6,257 | 19,262 |
Loss from operations | (6,257) | (19,262) |
Other income (expense) | ||
Gain from the forgiveness of accounts payable | 8,596 | |
total other income (expense) | 8,596 | |
Net loss | $ (6,257) | $ (10,666) |
Basic and Diluted Loss per Common Share | $ 0 | $ 0 |
Weighted average number of common shares outstanding - basic and diluted | 146,859,077 | 146,859,077 |
Consolidated Statements Of Stoc
Consolidated Statements Of Stockholders' Deficit (Unaudited) - 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, 2017 | 146,859,077 | 61,000 | |||
Balance, value at Dec. 31, 2017 | $ 146,859 | $ 61 | $ (143,690) | $ (278,621) | $ (275,391) |
Net loss | (10,666) | (10,666) | |||
Balance, shares at Mar. 31, 2018 | 146,859,077 | 61,000 | |||
Balance, value at Mar. 31, 2018 | $ 146,859 | $ 61 | (143,690) | (289,287) | (286,057) |
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) |
Net loss | (6,257) | (6,257) | |||
Balance, shares at Mar. 31, 2019 | 146,859,077 | 61,000 | |||
Balance, value at Mar. 31, 2019 | $ 146,859 | $ 61 | $ (143,690) | $ (303,454) | $ (300,224) |
Consolidated Statements Of Cash
Consolidated Statements Of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Cash flows from operating activities | ||
Net loss | $ (6,257) | $ (10,666) |
Adjustments to reconcile net loss to net cash flows from operating activities | ||
Gain due to forgiveness of accounts payable | 8,596 | |
Changes in operating assets and liabilities: | ||
Increase (decrease) in prepaid expenses | ||
Increase (decrease) in accounts payable and accrued expenses | 807 | (331) |
Increase in related party advances | 5,450 | 19,593 |
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 |
Summary Of Significant Accounti
Summary Of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2019 | |
Summary Of Significant Accounting Policies | |
Basis of Presentation, Organization, Going Concern, Recent Accounting Standards and Earnings (Loss) Per Share | NOTE 1 – Basis of Presentation, Organization, Going Concern, Recent Accounting Standards and Earnings (Loss) Per Share Basis of Presentation The unaudited consolidated financial statements of Arizona Gold and Onyx Mining Company (the “Company”) as of March 31, 2019, and for the three months ended March 31, 2019 and 2018, have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States for interim financial reporting and include the Company’s subsidiaries. Accordingly, they do not include all of the disclosures required by accounting principles generally accepted in the United States for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2018, as filed with the Securities and Exchange Commission as part of the Company’s Form 10-K. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation of the interim financial information have been included. The Company did not record an income tax provision during the periods presented due to net taxable losses. The results of operations for any interim period are not necessarily indicative of the results of operations for the entire year. Organization Our Company’s name is Arizona Gold and Onyx Mining 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 March 31, 2019, the Company had an accumulated deficit of $303,454. 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. Applicable Accounting Guidance 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. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”, which supersedes ASC Topic 840, Leases, and creates a new topic, ASC Topic 842, Leases. ASU 2016-02 requires lessees to recognize a lease liability and a lease asset for all leases, including operating leases, with a term greater than 12 months on its balance sheet. ASU 2016-02 also expands the required quantitative and qualitative disclosures surrounding leases. ASU 2016-02 is effective for the Company beginning January 1, 2019. Early adoption is permitted. The Company has determined that the adoption of ASU 2016-02 did not have an impact on its consolidated financial statements. The Company reviews new accounting standards as issued. Although some of these accounting standards issued or effective after the end of the Company’s previous fiscal year may be applicable, the Company has not identified any standards that the Company believes merit further discussion other than as discussed above. The Company believes that none of the new standards will have a significant impact on the financial statements. Earnings (Loss) Per Share The Company presents both basic and diluted earnings per share ("EPS") amounts. Basic EPS is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the period presented. Diluted EPS amounts are based upon the weighted average number of common and common equivalent shares outstanding during the period presented. The Company has not included the effects of warrants, stock options and convertible debt on net loss per share because to do so would be antidilutive. Following is the computation of basic and diluted net loss per share for the three months ended March 31, 2019 and 2018: Three Months Ended March 31, 2019 2018 Basic and Diluted EPS Computation Numerator: Loss available to common stockholders' $ (6,257 ) $ (10,666 ) Denominator: Weighted average number of common shares outstanding 146,859,077 146,859,077 Basic and diluted EPS $ (0.00 ) $ (0.00 ) |
Current Liabilities
Current Liabilities | 3 Months Ended |
Mar. 31, 2019 | |
Current Liabilities | |
Current Liabilities | NOTE 2 – 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 March 31, 2019 and December 31, 2018. Accounts payable and accrued expenses increased each year from 2011 through March 31, 2019 primarily due to stock agent fees and legal and professional 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 March 31, 2019 no reimbursements of related party advances were made to any related party due to the lack of funding. Related party advances grew by $5,450 during the three months ended March 31, 2019. Related Party Promissory Note On May 9, 2009, the Company issued a non-interest bearing promissory note to our current CEO in exchange for services. The note matured on May 5, 2010 and is currently in default. |
Preferred And Common Stock
Preferred And Common Stock | 3 Months Ended |
Mar. 31, 2019 | |
Preferred And Common Stock | |
Preferred and Common Stock | NOTE 3 – Preferred and Common Stock 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 March 31, 2019 and December 31, 2018. The Company has 100,000 shares of Class B Common Stock authorized of which 61,000 shares are issued and outstanding as of March 31, 2019 and December 31, 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. |
Subsequent Events
Subsequent Events | 3 Months Ended |
Mar. 31, 2019 | |
Subsequent Events | |
Subsequent Events | NOTE 4 – Subsequent Events Management has reviewed material events subsequent of the period ended March 31, 2019 and prior to the filing of financial statements in accordance with FASB ASC 855 “Subsequent Events”. |
Summary Of Significant Accoun_2
Summary Of Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2019 | |
Disclosure Basis Of Presentation Organization Going Concern Recent Accounting Standards Policies Abstract | |
Basis of Presentation | Basis of Presentation The unaudited consolidated financial statements of Arizona Gold and Onyx Mining Company (the “Company”) as of March 31, 2019, and for the three months ended March 31, 2019 and 2018, have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States for interim financial reporting and include the Company’s subsidiaries. Accordingly, they do not include all of the disclosures required by accounting principles generally accepted in the United States for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2018, as filed with the Securities and Exchange Commission as part of the Company’s Form 10-K. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation of the interim financial information have been included. The Company did not record an income tax provision during the periods presented due to net taxable losses. The results of operations for any interim period are not necessarily indicative of the results of operations for the entire year. |
Organization | Organization Our Company’s name is Arizona Gold and Onyx Mining 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 | 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 March 31, 2019, the Company had an accumulated deficit of $303,454. 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. |
Applicable Accounting Guidance | Applicable Accounting Guidance 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. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”, which supersedes ASC Topic 840, Leases, and creates a new topic, ASC Topic 842, Leases. ASU 2016-02 requires lessees to recognize a lease liability and a lease asset for all leases, including operating leases, with a term greater than 12 months on its balance sheet. ASU 2016-02 also expands the required quantitative and qualitative disclosures surrounding leases. ASU 2016-02 is effective for the Company beginning January 1, 2019. Early adoption is permitted. The Company has determined that the adoption of ASU 2016-02 did not have an impact on its consolidated financial statements. The Company reviews new accounting standards as issued. Although some of these accounting standards issued or effective after the end of the Company’s previous fiscal year may be applicable, the Company has not identified any standards that the Company believes merit further discussion other than as discussed above. The Company believes that none of the new standards will have a significant impact on the financial statements. |
Earnings (Loss) Per Share | Earnings (Loss) Per Share The Company presents both basic and diluted earnings per share ("EPS") amounts. Basic EPS is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the period presented. Diluted EPS amounts are based upon the weighted average number of common and common equivalent shares outstanding during the period presented. The Company has not included the effects of warrants, stock options and convertible debt on net loss per share because to do so would be antidilutive. Following is the computation of basic and diluted net loss per share for the three months ended March 31, 2019 and 2018: Three Months Ended March 31, 2019 2018 Basic and Diluted EPS Computation Numerator: Loss available to common stockholders' $ (6,257 ) $ (10,666 ) Denominator: Weighted average number of common shares outstanding 146,859,077 146,859,077 Basic and diluted EPS $ (0.00 ) $ (0.00 ) |
Summary Of Significant Accoun_3
Summary Of Significant Accounting Policies (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Disclosure Basis Of Presentation Organization Going Concern Recent Accounting Standards And Earnings Loss Tables Abstract | |
Schedule of Computation of Basic and Diluted Net Loss Per Share | Following is the computation of basic and diluted net loss per share for the three months ended March 31, 2019 and 2018: Three Months Ended March 31, 2019 2018 Basic and Diluted EPS Computation Numerator: Loss available to common stockholders' $ (6,257 ) $ (10,666 ) Denominator: Weighted average number of common shares outstanding 146,859,077 146,859,077 Basic and diluted EPS $ (0.00 ) $ (0.00 ) |
Summary Of Significant Accoun_4
Summary Of Significant Accounting Policies (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Numerator: | ||
Loss available to common stockholders' | $ (6,257) | $ (10,666) |
Denominator: | ||
Weighted average number of common shares outstanding | 146,859,077 | 146,859,077 |
Basic and diluted EPS | $ 0 | $ 0 |
Summary Of Significant Accoun_5
Summary Of Significant Accounting Policies (Narrative) (Details) - USD ($) | Oct. 22, 2017 | Jun. 28, 2010 | Jun. 21, 2010 | May 21, 2010 | Oct. 06, 2009 | Oct. 05, 2009 | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 | Dec. 31, 2017 |
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 | 1-for-10 | |||||||||
Change in share capital | 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 | |||||
Common Stock Class B [Member] | Joseph Arcaro, Former CEO [Member] | ||||||||||
Share issued, shares | 51,000 | |||||||||
Common Stock Class A [Member] | ||||||||||
Reverse split description | 1-for 10 | 1:300 | ||||||||
Change in share capital | Reduction of Class A Common Stock outstanding to 89,077 shares. | Reduction of Class A Common Stock outstanding from 112,410,467 to approximately 375,000 shares. | ||||||||
Common stock, shares outstanding | 143,089,077 | 12,089,077 | 89,077 | 146,859,077 | 146,859,077 | 146,859,077 | 146,859,077 | |||
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 |
Current Liabilities (Narrative)
Current Liabilities (Narrative) (Details) - USD ($) | May 09, 2009 | Mar. 31, 2019 | Dec. 31, 2010 | Dec. 31, 2018 |
Related party advances | $ 213,927 | $ 208,477 | ||
Related Party [Member] | ||||
Related party advances | $ 102,752 | |||
Proceeds from related party | $ 5,450 | |||
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 |
Preferred And Common Stock (Nar
Preferred And Common Stock (Narrative) (Details) | 3 Months Ended |
Mar. 31, 2019$ / sharesshares | |
Preferred Stock [Member] | |
Preferred stock, par value per share | $ / shares | $ 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. |