Eagle Mountain 10-Q/A 24 Sep 15 2015 Q2 Quarterly report (amended) Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Sep. 13, 2015
Document and Entity Information:
Entity Registrant Name	Eagle Mountain Corp
Entity Central Index Key	934,445
Amendment Flag	true
Amendment Description	Amendment No. 1
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		271,055,926

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Current assets
Cash and cash equivalents	$ 196,523
Interest receivable	5,307
Prepaid expense	7,000
Other current assets	7,313
Total current assets	216,143
Note receivable	258,450
Deposit on property (Note 6)	260,000
Intangible assets (Note 6)	2,031,500
Assets from discontinued operations (Note 5)	560,128	$ 128
Total other assets	3,110,078
TOTAL ASSETS	3,326,221	$ 128
Current liabilities
Accounts payable and accrued liabilities	905,931
Advances	220,131
Convertible notes, net	70,862
Loan payable	269,400
Total current liabilities	1,466,324
Liabilities from discontinued operations	1,159,758	$ 448,055
Total liabilities	2,626,082
Stockholders' Equity (Deficit)
Common stock: Par value: $0.001, 500,000,000 shares authorized, 2,205,010 shares issued and outstanding as of June 30, 2015 and December 31, 2014	2,205	$ 2,205
Stock payable	98,940,000
Additional paid in capital	616,479,675	$ 4,371,203
Exchange reserve	(1,776)	$ (1,776)
Minority interest in earnings of subsidiary	119,358
Accumulated deficit	(714,850,012)	$ (4,819,559)
Total stockholders' equity	700,139	(447,927)
Total liabilities and stockholders' equity	3,326,221	$ 128
Series B Convertible Preferred Stock
Stockholders' Equity (Deficit)
Convertible Preferred Stock, value	8,000
Series C Convertible Preferred Stock
Stockholders' Equity (Deficit)
Convertible Preferred Stock, value	2,050
Series D Convertible Preferred Stock
Stockholders' Equity (Deficit)
Convertible Preferred Stock, value	$ 639

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	2,205,010	2,205,010
Common stock, shares outstanding	2,205,010	2,205,010
Series B Convertible Preferred Stock
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	8,000,000	8,000,000
Preferred stock, shares issued	8,000,000
Preferred stock, shares outstanding	8,000,000
Series C Convertible Preferred Stock
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	2,100,000	2,100,000
Preferred stock, shares issued	2,050,000
Preferred stock, shares outstanding	2,050,000
Series D Convertible Preferred Stock
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	640,000	640,000
Preferred stock, shares issued	638,509
Preferred stock, shares outstanding	638,509

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Revenue
Operating Expenses
Exploration expenses	$ 20,039		$ 20,039
Professional fees	224,500		224,500
General and administrative expenses	165,165		165,165
Total operating expenses	409,704		409,704
Income (loss) from continuing operations	(409,704)		(409,704)
Other Income (expenses)
Interest expenses	(73,086)		(73,086)
Interest income	369		369
Impairment of goodwill	(604,163,185)		(604,163,185)
(Loss) on debt settlement	(105,233,144)		(105,233,144)
Other Income (expenses)	(709,469,046)		(709,469,046)
Net Income (loss) from continuing operations	(709,878,750)		(709,878,750)
Net Income (loss) from discontinued operations	(1,060)	$ (282,104)	(151,703)	$ (574,679)
Net Income (loss)	(709,879,810)	$ (282,104)	(710,030,453)	$ (574,679)
Attributable to:
Non-controlling interest	(7,041)		(7,041)
Shareholders of the Company	$ (709,879,810)	$ (282,104)	$ (710,030,453)	$ (574,679)
Net Loss Per Common Share - basic and diluted	$ 0	$ (0.01)	$ 0	$ (0.01)
Weighted average number of shares - basic and diluted	2,205,010	2,205,010	2,205,010	2,205,010

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net income (loss) before non-controlling interest	$ (710,030,453)	$ (574,679)
Add: loss from discontinued operations	151,703	$ 574,679
Adjustments to reconcile net income (loss) to cash used in operation
Impairment of Goodwill	604,163,185
Amortization of debt discount	70,862
Loss on debt settlement	105,233,144
Changes in current assets and liabilities:
Interest receivable	(369)
Prepaid expenses	(7,000)
Accounts payable and accrued expenses	(155,613)
Net cash provided (used) from continuing activities	$ (574,541)
Net cash provided (used) from discontinued activities		$ 1,615,830
Net cash provided (used) from operating activities	$ (574,541)	$ 1,615,830
Cash flows from investing activities:
Cash and cash equivalents acquired from acquisitions of consolidated companies	132,064
Advances of funds to subsidiary before acquisition	(151,000)
Loan receivable	(175,000)
Net cash provided (used) from continuing activities	$ (193,936)
Net cash provided (used) from discontinued activities		$ 10,806,654
Net cash provided (used) from investing activities	$ (193,936)	$ 10,806,654
Cash flows from financing activities:
Proceeds from convertible notes	965,000
Net cash provided (used) from continuing activities	$ 965,000
Net cash provided (used) from discontinued activities		$ (12,653,603)
Net cash provided (used) from financing activities	$ 965,000	(12,653,603)
Net cash flows	$ 196,523	(231,119)
Cash and equivalents, beginning of period		$ 231,119
Cash and equivalents, end of period	$ 196,523
Supplemental cash flow disclosures:
Cash paid for interest
Cash paid for income taxes
Supplemental non-cash investing activities:
Non- cash net assets acquired, Assumption Agreement	$ 685,126

Organization and Principal Acti

Organization and Principal Activities	6 Months Ended
	Jun. 30, 2015
Organization and Principal Activities [Abstract]
Organization and Principal Activities	Note 1. Organization and Principal Activities Eagle Mountain Corporation (“Eagle”) (formerly named as USmart Mobile Device Inc. (“USmart”)) and its subsidiaries are referred to herein collectively and on a consolidated basis as the “Company” or “we”, “us” or “our” or similar terminology. The Company was incorporated under the laws of the State of Delaware on September 17, 2002 and previously known as ACL Semiconductors Inc. The Company acquired Atlantic Components Limited, a Hong Kong incorporated company (“Atlantic”) through a reverse-acquisition that was effective September 30, 2003. On September 28, 2012, the Company acquired Jussey Investments Limited, a company incorporated in British Virgin Islands (“Jussey”). The subsidiaries were held for disposal since March 31, 2014 and officially disposed on September 30, 2014, the Company disposed all of the equity interest held in ACL International Holdings Limited (“ACL Holdings”). After the disposal, the Company was still engaged in the sales and distribution of smartphones, electronic products and components in Hong Kong Special Administrative Region (“Hong Kong”) and the People’s Republic of China (“China” or the “PRC”). On April 24, 2015, the Company amended its Certificate of Incorporation to change its corporate name to Eagle Mountain Corporation. Subsequently, on June 5, 2015 the Company and Eagle Mountain Ltd., a Belize corporation (the “Assignor”), entered into an Assignment and Assumption Agreement (the “Assumption Agreement”), pursuant to which the Assignor assigned to the Company certain debts and assets, including (1) a controlling interest in Shale Oil International Inc. (OTC:PINK-SHLE), and its 100% owned subsidiary, Texas Shale Oil Inc., which collectively own a strategic oil and gas model (intellectual property) covering several thousand square miles of prospective oil and gas exploration and development acres in Louisiana, Texas and Mexico, as well as various related geophysical, geological, engineering and geochemical data sets; (2) an opportunity to participate in and finance a trans-oil pipeline project, and (3) an agreement for a strategic cooperation regarding an integrated energy project and an opportunity to purchase and refurbish a refinery. Mr. Ehud Amir, the Chairman of the Board of the Company’s Board of Directors, and the Company’s Chief Operating Officer, is the CEO of Assignor. Mr. Amir is also a co-founder of Texas Shale Oil Inc., a wholly owned subsidiary of the Company’s 85% controlled subsidiary, Shale Oil International Inc. In addition, Mr. Ronald Cormick, the Company’s Chief Executive Officer, is the President and Director of Texas Shale Oil Inc. and President and CEO of Shale Oil International Inc. Mr. Larry Eastland, a member of the Company’s Board of Directors, is also director and Chairman of Shale Oil International Inc. As a result of entering into the Assignment and Assumption Agreement, the Company changed its business focus and discontinued its operation in the sales and distribution of smartphones, electronic products and components. The Company now operates in the natural resources, EPC (Engineering, Procurement, and Construction) and oil & gas sector. On July 17, 2015 the Company filed a Certificate of Amendment with the Secretary of State of the State of Delaware to effect the increase in authorized shares of common stock and a reverse stock split. Upon filing of the Certificate of Amendment, the Company’s authorized common stock was increased to 500,000,000 shares and every eighteen shares of the Company’s issued and outstanding common stock was automatically converted into one issued and outstanding share of common stock, without any change in par value per share. The reverse stock split was applied to all shares of the Company’s common stock outstanding immediately prior to July 17, 2015, as well as the number of shares of common stock available for issuance under the Company’s equity incentive plans. In addition, the reverse stock split will effect a reduction in the number of shares of common stock issuable upon the conversion of shares of preferred stock or upon the exercise of stock options or warrants outstanding immediately prior to the effectiveness of the reverse stock split. No fractional shares were be issued as a result of the reverse stock split. Stockholders who would otherwise be entitled to receive a fractional share had their factional shares rounded up to the nearest whole number. The aforementioned Assumption Agreement resulted in a change of control in the Company when on August 24, 2015 the holders of 638,509 shares of Class D and 2,050,000 shares of Class C preferred stock, converted those shares into 268,850,900 shares of our common stock.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Principal of Consolidation These consolidated financial statements include the accounts of Eagle Mountain Corp. and its 85.39% controlled subsidiary, Texas Shale Oil Inc.. All intercompany balances and transactions have been eliminated in consolidation. Estimates In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the statements of financial condition, and revenues and expenses for the years then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to, the assumptions used to calculate stock-based compensation, derivative liabilities, debt discounts and common stock issued for assets, services or in settlement of obligations. Cash and Cash Equivalents For purposes of reporting within the statements of cash flows, the Company considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less to be cash and cash equivalents. Accounting for subsidiaries A subsidiary is an entity controlled by the Company. Control is achieved where the Company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. The results of subsidiary acquired of during the year are included in the income statement from the effective date of acquisition. Where necessary, adjustments are made to the financial statements of subsidiary to bring its accounting policies into line with those used by the Company. All intra-company transactions, balances, income and expenses are eliminated on consolidation. Minority interest in the net assets of consolidated subsidiary are identified separately from the Company’s equity therein. Minority interests consist of the amount of those interests at the date of original business combination and the minority’s share of changes in equity since the date of the combination. Losses applicable to the minority in excess of the minority’s share of changes in equity are allocated against the interests of the Company except to the extent that the minority has a binding obligation and is able to make an additional investment to cover the losses. Business combinations All business combinations are accounted for under the purchase method. The cost of an acquisition is measured at the fair value of the assets given and liabilities incurred or assumed at the date of exchange plus costs directly attributable to the acquisition. Identifiable assets acquired and liabilities assumed in a business combination (including contingent liabilities) are measured initially at their fair values at the acquisition date, irrespective of the extent of any minority interest. The excess of the cost of acquisition over the fair value of the Company’s share of the identifiable net assets acquired is recorded as goodwill. At June 30, 2015, we had no recorded goodwill. The interest of minority shareholders in the acquisition is initially measured at the minority’s proportion of the net fair value of the assets, liabilities and contingent liabilities recognized. Oil and gas properties We use the successful efforts method of accounting for oil and gas properties. Under that method: a. Geological and geophysical costs and the costs of carrying and retaining undeveloped properties are charged to expense when incurred since they do not result in the acquisition of assets. b. Costs incurred to drill exploratory wells and exploratory-type stratigraphic test wells that do not find proved reserves are charged to expense when it is determined that the wells have not found proved reserves. c. Costs incurred to acquire properties and drill development-type stratigraphic test wells, successful exploratory wells, and successful exploratory-type stratigraphic wells are capitalized. d. Capitalized costs of wells and related equipment are amortized, depleted, or depreciated using the unit-of-production method. e. Costs of unproved properties are assessed periodically to determine if an impairment loss should be recognized. Impairment of Long-Lived Assets Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable through the estimated undiscounted cash flows expected to result from the use and eventual disposition of the assets. Whenever any such impairment exists, an impairment loss will be recognized for the amount by which the carrying value exceeds the fair value. During the six month period ended June 30, 2015, there was no impairment of long-lived assets. Intangible assets Identifiable intangible assets are recognized when the Company controls the assets, it is probable that future economic benefits attributed to the asset will flow to the Company and the cost of the asset can be reliably measured. The economic or useful life of an intangible asset is based on an estimate made by management and is subject to change under certain market conditions. Fair Value of Financial Instruments The Company’s financial instruments consist of cash, receivables, payables, and due to related party. The carrying amount of cash, receivables and payables approximates fair value because of the short-term nature of these items. The carrying amount of the notes payable approximates fair value as the individual borrowings bear interest at market interest rates. Income Taxes The Company accounts for income taxes in accordance with Accounting Standards Codification (“ASC”) Topic 740, Income Taxes, which requires that the Company recognize deferred tax liabilities and assets based on the differences between the financial statement carrying amounts and the tax bases of assets and liabilities, using enacted tax rates in effect in the years the differences are expected to reverse. Deferred income tax benefit (expense) results from the change in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when it is more likely than not that some or all deferred tax assets will not be realized. Loss per Common Share The Company had the following potential common stock equivalents at June 30, 2015: Series B Convertible Preferred Stock 40,000,000 Series C Convertible Preferred Stock 205,000,000 Series D Convertible Preferred Stock 63,850,900 Convertible notes 12,650,000 Stock payable, common shares 50,000,000 Since the Company reported a net loss at December 31, 2014 and June 30, 2015, respectively, the effect of considering any common stock equivalents, if outstanding, would have been anti-dilutive. A separate computation of diluted earnings (loss) per share is not presented. Reclassification Certain reclassifications have been made to the prior period’s financial statements to conform to the current period’s presentation. Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Going Concern

Going Concern	6 Months Ended
	Jun. 30, 2015
Going Concern [Abstract]
Going Concern	Note 3 – Going Concern The Company has incurred net losses since inception and had a working capital deficit of $1,251,241 at June 30, 2015. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern. The Company expects cash flows from operating activities to improve, primarily as a result of an increase in revenue, although there can be no assurance thereof. The accompanying consolidated financial statements do not include any adjustments that might be necessary should we be unable to continue as a going concern. If we fail to generate positive cash flow or obtain additional financing, when required, we may have to modify, delay, or abandon some or all of our business and expansion plans.

Acquisition, Change of Business

Acquisition, Change of Business	6 Months Ended
	Jun. 30, 2015
Acquisition, Change of Business [Abstract]
Acquisition, Change of Business	Note 4 – Acquisition, Change of Business The list of assets include: 1. A Consultancy Agreement, dated April 18, 2015, pursuant to which the Assignor will provide consulting services with respect to the strategic partners, prospective user, as well as potential financiers and investors for a trans-oil pipeline project. 2. A Memorandum of Understanding pursuant to which the parties agree to have a strategic cooperation regarding an integrated energy project. 3. A Letter of Intent to purchase and refurbish a refinery, dated February 26, 2015, by and between the Assignor and a petroleum company. 4. 85.39% Controlling ownership of Shale Oil International Inc. (OTC:PINK-SHLE), and its 100% owned subsidiary, Texas Shale Oil Inc., which collectively own a strategic oil and gas model (intellectual property) covering several thousand square miles of prospective oil and gas exploration and development acres in Louisiana, Texas and Mexico, as well as various related geophysical, geological, engineering and geochemical data sets; The Company does not have valuation data for above list items 1 to item 3, and as a result, we have assigned no fair market value to these assets. The allocation of the purchase price totaling $697,832, is as follows. For purposes of the allocation, Management has considered book value and fair value to be the same and has treated all assets and liabilities at cost: At May 31, 2015 Book value Fair value adjustments Fair value $ $ $ Net assets acquired 132,064 - 132,064 Interest receivable 4,938 - 4,938 Other receivable 7,313 - 7,313 Note receivable 83,450 - 83,450 Deposit on property 260,000 - 260,000 Intangible assets 2,031,500 - 2,031,500 Accounts payable and accrued liabilities (1,061,544 ) - (1,061,544 ) Advances (220,131 ) - (220,131 ) Loan payable (269,400 ) - (269,400 ) Advances from Eagle Mountain Corp (151,000 ) - (151,000 ) 817,190 - 817,190 Minority interest (119,358 ) Total consideration 697,832 Satisfied: $ Add: Issuance of various classes of preferred convertible shares of Eagle Mountain Corp. 603,534,000 Assumed convertible notes 1,327,017 Total: 604,861,017 Goodwill 604,163,185 Upon review, the Company has fully impaired the Goodwill on the transaction date.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2015
Discontinued Operations [Abstract]
Discontinued Operations	Note 5 – Discontinued Operations On June 5, 2015, Eagle Mountain Corporation (the “Company”) executed an assignment and assumption agreement (the “Assumption Agreement”) with Eagle Mountain Ltd., a Belize corporation (the “Assignor”). Pursuant to the Assumption Agreement, the Company acquired certain agreements and assets and assumed debts in the aggregate amount of $1,327,017 from the Assignor. In consideration, the Company issued the Assignor and/or its assignees 8,000,000 shares of a newly designated Series B Convertible Preferred Stock, 2,050,000 shares of a newly designated Series C Convertible Preferred Stock, 100,000 shares of a newly designed Series D Convertible Preferred Stock and 50,000,000 shares of common stock (which remains payable). Upon the closing, the Company changed its business from the sales and distribution of smartphones, electronic products and components to operations in the natural resources, EPC (Engineering, Procurement, and Construction) and oil & gas sector.. The major classes of assets and liabilities from discontinued operations as of June 30, 2015 and December 31, 2014 included in the consolidated balance sheets, are as gathered from the records transferred to the Company, unaudited, and subject to further verification, are reported below as follows: As of June 30, 2015 (Unaudited) As of December 31, 2014 (Audited) ASSETS Current assets Accounts receivable $ 560,000 $ - Other current assets 128 128 Total current assets 560,128 128 TOTAL ASSETS $ 560,128 $ 128 LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) Current liabilities Accounts payable and accrued liabilities $ 1,047,225 $ 335,522 Due to shareholders 112,533 112,533 Total current liabilities 1,159,758 448,055 Total liabilities 1,159,758 448,055 The results of the discontinued operations are as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 Net sales $ - $ 451,371 $ 560,000 $ 1,013,241 Costs of sales - 526,225 480,000 1,113,533 Gross profit (loss) - (74,854 ) 80,000 (100,292 ) Operating Expenses Selling and distribution costs - 30,990 49,280 118,365 General and administrative expenses 1,060 196,108 182,423 409,106 Operation expenses 1,060 227,098 231,703 527.471 Other income (expenses) - 19,848 - 53,084 Income (loss) from discontinued operations (1,060 ) (282,104 ) (151,703 ) (574,679 )

Other Assets

Other Assets	6 Months Ended
	Jun. 30, 2015
Other Assets [Abstract]
Other Assets	Note 6 – Other Assets (a) Sale and Purchase Agreement with Pryme Oil and Gas LLC On May 23, 2014 the Company’s 85% controlled subsidiary, Shale Oil International Inc. entered into a Sale and Purchase agreement with Pryme Oil and Gas LLC, a Texas corporation, (the “Seller”) where under the Company’s subsidiary, as “Purchaser”, will acquire 100% of the Seller’s working interests and net revenue interests in the oil and gas leases and areas of mutual interest held by Seller in the AVOYELLES & ST. LANDRY PARISHES, LOUISIANA Under the terms of the agreement, should the transaction fail to close for any reason, the $260,000 advance by the Company’s subsidiary may be converted into an unrestricted block of stock in Prime Energy Limited in equivalent value to the cash proceeds advanced, determined using a VWAP share price. As at the date of this report the transaction has not yet closed due to a change in economic conditions and certain legal matters which are being addressed by Pryme, however the Company and Pryme continue to work towards completion of the agreement as contemplated above. (b) Intangible Assets Intangible assets totaling $2,031,500 reflected on the Company’s balance sheet represent certain acquired geologic, geophysical, geochemical and engineering data, land acquisition costs and certain associated technical expenses recorded at cost and held by the Company’s 85% controlled subsidiary, Shale Oil International Inc., and its wholly owned subsidiary, Texas Shale Oil Inc.

Loan Receivable

Loan Receivable	6 Months Ended
	Jun. 30, 2015
Loan Receivable [Abstract]
Loan Receivable	Note 7 – Loan Receivable On June 1, 2014, the Company’s subsidiary provided $83,450 to a third party in the form of a two year note, bearing 6% interest per annum as a loan for working capital. The loan is unsecured.

Convertible Notes

Convertible Notes	6 Months Ended
	Jun. 30, 2015
Convertible Notes [Abstract]
Convertible Notes	Note 8 – Convertible Notes On June 5, 2015, the Company entered into debt exchange agreements (the “Exchange Agreements”) with holders of convertible debentures which the Company assumed from the Assignor. Pursuant to the Exchange Agreements, the holders released the Company in full from the Company’s obligations to them for an aggregate of $1,327,017 in convertible debentures, and the Company cancelled, extinguished and discharged such obligations, in exchange for the issuance to the holders of an aggregate of 538,509 shares of Series D Convertible Preferred Stock. During the six month period ended June 30, 2015, the Company entered into various 6% convertible notes with investors, having different terms of maturity between three months to two years and with conversion prices varying from $0.05 to $0.10. We received a total of $965,000 in respect of these convertible notes. As at the date of issue, these convertible notes were considered to have a beneficial conversion feature (“BCF”) because the conversion price was less than the quoted market price at the time of issuance. The beneficial conversion feature resulting from the discounted conversion price compared to market price was valued on the date of issue to be $965,000, or the face value of the notes. This value was recorded as a discount on debt and offset to additional paid in capital. Amortization of the discount for the six month period ended June 30, 2015 was $70,862. June 30, 2015 Issue Date Total convertible promissory note – face value 965,000 965,000 Less: beneficial conversion feature (894,138 ) (965,000 ) 70,862 - Interest expenses: For the three month period For the six month period June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Amortization of debt discount $ 70,862 $ - $ 70,862 $ - Interest at contractual rate 2,224 - 2,224 - Totals $ 73,086 $ 1,247 $ 73,086 $ 10,551

Common Stock

Common Stock	6 Months Ended
	Jun. 30, 2015
Common Stock [Abstract]
Common Stock	Note 9 – Common Stock On June 5, 2015 as part of the Assumption Agreement (Note 4) the Company agreed to issue 8,000,000 shares of a newly designated Series B Convertible Preferred Stock, 2,050,000 shares of a newly designated Series C Convertible Preferred Stock, 100,000 shares of a newly designed Series D Convertible Preferred Stock and 50,000,000 shares of common stock. Further the Company agreed to settle a total of $1,327,017 in assumed debt for 538,509 shares of Series D Convertible Preferred Stock. On June 8, 2015, the Company filed a Certificate of Designation of Preferences, Rights and Limitations of Series B Convertible Preferred Stock (“Series B Preferred Stock”) authorizing the issuance of up to 8,000,000 shares of Series B Preferred Stock. Each share of Series B Preferred Stock has a stated value of $0.001 and is automatically convertible into 90 shares of the Company’s common stock upon the Company’s filing of an amendment to its Certificate of Incorporation to increase its authorized number of shares of common stock. The conversion ratio is subject to adjustment in the event of stock splits, stock dividends, combination of shares and similar recapitalization transactions. The holders of Series B Preferred Stock are entitled to vote on all matters submitted to the Company’s stockholders and shall be entitled to the number of votes equal to the number of shares of common stock into which the shares of Series B Preferred Stock are convertible. On July 17, 2015, the Company effected a one for eighteen reverse split of its common stock and as a result each share of Series B Preferred Stock was adjusted so that it was convertible into 5 shares of the Company’s Common Stock. The Company also filed a Certificate of Designation of Preferences, Rights and Limitations of Series C Convertible Preferred Stock (“Series C Preferred Stock”) authorizing the issuance of up to 2,100,000 shares of Series C Preferred Stock. Each share of Series C Preferred Stock has a stated value of $0.001 and is automatically convertible into 1,800 shares of the Company’s common stock upon the Company’s filing of an amendment to its Certificate of Incorporation to increase its authorized number of shares of common stock. The conversion ratio is subject to adjustment in the event of stock splits, stock dividends, combination of shares and similar recapitalization transactions. The holders of Series C Preferred Stock are entitled to vote on all matters submitted to the Company’s stockholders and shall be entitled to the number of votes equal to the number of shares of common stock into which the shares of Series C Preferred Stock are convertible. On July 17, 2015, the Company effected a one for eighteen reverse split of its common stock and as a result each share of Series C Preferred Stock was adjusted so that it was convertible into 100 shares of the Company’s Common Stock. The Company also filed a Certificate of Designation of Preferences, Rights and Limitations of Series D Convertible Preferred Stock (“Series D Preferred Stock”) authorizing the issuance of up to 640,000 shares of Series D Preferred Stock. Each share of Series D Preferred Stock has a stated value of $0.001 and is automatically convertible into 1,800 shares of the Company’s common stock upon the Company’s filing of an amendment to its Certificate of Incorporation to increase its authorized number of shares of common stock, provided, however, such conversion shall not occur prior to September 1, 2015. The conversion ratio is subject to adjustment in the event of stock splits, stock dividends, combination of shares and similar recapitalization transactions. The holders of Series D Preferred Stock are entitled to vote on all matters submitted to the Company’s stockholders and shall be entitled to the number of votes equal to the number of shares of common stock into which the shares of Series D Preferred Stock are convertible. On July 17, 2015, the Company effected a one for eighteen reverse split of its common stock and as a result each share of Series D Preferred Stock was adjusted so that it was convertible into 100 shares of the Company’s Common Stock. The Company had 2,205,010 shares of common stock outstanding at June 30, 2015 and December 31, 2014.

Other Events

Other Events	6 Months Ended
	Jun. 30, 2015
Other Events [Abstract]
Other Events	Note 10 – Other Events On April 18, 2015, Ben Wong and Eddy Wong tendered their resignation as Chief Executive Officer and Chief Financial Officer, respectively, effective immediately. Concurrently, the Board of Directors appointed Ronald Cormick as Chief Executive Officer of the Company and Haley Manchester as Chief Financial Officer of the Company to fill the vacancies left by Messrs. Wong’s resignation, with immediate effect. The Board also appointed Ronald Cormick, Ehud Amir, and Larry Eastland as directors of the Company and appointed Ehud Amir as Chief Operating Officer of the Company with immediate effect. On May 26, 2015, Ben Wong and Alan (Chung-Lun) Yang resigned from the Board of Directors.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	Note 11 – Subsequent Events On July 17, 2015 (the “Effective Time”), the Company filed the Certificate of Amendment with the Secretary of State of the State of Delaware to effect the increase in authorized shares of common stock and a reverse stock split. Upon filing of the Certificate of Amendment, the Company’s authorized common stock was increased to 500,000,000 shares and every eighteen shares of the Company’s issued and outstanding common stock was automatically converted into one issued and outstanding share of common stock, without any change in par value per share. The reverse stock split was be applied to all shares of the Company’s common stock outstanding immediately prior to the Effective Time, as well as the number of shares of common stock available for issuance under the Company’s equity incentive plans. In addition, the reverse stock split will effect a reduction in the number of shares of common stock issuable upon the conversion of shares of preferred stock or upon the exercise of stock options or warrants outstanding immediately prior to the effectiveness of the reverse stock split. No fractional shares were be issued as a result of the reverse stock split. Stockholders who would otherwise be entitled to receive a fractional share had their fractional shares rounded up to the nearest whole number. On August 24, 2015 the holders of 638,509 shares of Class D and 2,050,000 shares of Class C convertible preferred stock, converted those shares into 268,850,900 shares of our common stock, effecting a change in control. On September 1, 2015 a total of $350,000 in convertible notes became due and payable.

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Principal of Consolidation	Principal of Consolidation These consolidated financial statements include the accounts of Eagle Mountain Corp. and its 85.39% controlled subsidiary, Texas Shale Oil Inc.. All intercompany balances and transactions have been eliminated in consolidation.
Estimates	Estimates In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the statements of financial condition, and revenues and expenses for the years then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to, the assumptions used to calculate stock-based compensation, derivative liabilities, debt discounts and common stock issued for assets, services or in settlement of obligations.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of reporting within the statements of cash flows, the Company considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less to be cash and cash equivalents.
Accounting for subsidiaries	Accounting for subsidiaries A subsidiary is an entity controlled by the Company. Control is achieved where the Company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. The results of subsidiary acquired of during the year are included in the income statement from the effective date of acquisition. Where necessary, adjustments are made to the financial statements of subsidiary to bring its accounting policies into line with those used by the Company. All intra-company transactions, balances, income and expenses are eliminated on consolidation. Minority interest in the net assets of consolidated subsidiary are identified separately from the Company’s equity therein. Minority interests consist of the amount of those interests at the date of original business combination and the minority’s share of changes in equity since the date of the combination. Losses applicable to the minority in excess of the minority’s share of changes in equity are allocated against the interests of the Company except to the extent that the minority has a binding obligation and is able to make an additional investment to cover the losses.
Business combinations	Business combinations All business combinations are accounted for under the purchase method. The cost of an acquisition is measured at the fair value of the assets given and liabilities incurred or assumed at the date of exchange plus costs directly attributable to the acquisition. Identifiable assets acquired and liabilities assumed in a business combination (including contingent liabilities) are measured initially at their fair values at the acquisition date, irrespective of the extent of any minority interest. The excess of the cost of acquisition over the fair value of the Company’s share of the identifiable net assets acquired is recorded as goodwill. At June 30, 2015, we had no recorded goodwill. The interest of minority shareholders in the acquisition is initially measured at the minority’s proportion of the net fair value of the assets, liabilities and contingent liabilities recognized.
Oil and gas properties	Oil and gas properties We use the successful efforts method of accounting for oil and gas properties. Under that method: a. Geological and geophysical costs and the costs of carrying and retaining undeveloped properties are charged to expense when incurred since they do not result in the acquisition of assets. b. Costs incurred to drill exploratory wells and exploratory-type stratigraphic test wells that do not find proved reserves are charged to expense when it is determined that the wells have not found proved reserves. c. Costs incurred to acquire properties and drill development-type stratigraphic test wells, successful exploratory wells, and successful exploratory-type stratigraphic wells are capitalized. d. Capitalized costs of wells and related equipment are amortized, depleted, or depreciated using the unit-of-production method. e. Costs of unproved properties are assessed periodically to determine if an impairment loss should be recognized.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable through the estimated undiscounted cash flows expected to result from the use and eventual disposition of the assets. Whenever any such impairment exists, an impairment loss will be recognized for the amount by which the carrying value exceeds the fair value. During the six month period ended June 30, 2015, there was no impairment of long-lived assets.
Intangible assets	Intangible assets Identifiable intangible assets are recognized when the Company controls the assets, it is probable that future economic benefits attributed to the asset will flow to the Company and the cost of the asset can be reliably measured. The economic or useful life of an intangible asset is based on an estimate made by management and is subject to change under certain market conditions.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company’s financial instruments consist of cash, receivables, payables, and due to related party. The carrying amount of cash, receivables and payables approximates fair value because of the short-term nature of these items. The carrying amount of the notes payable approximates fair value as the individual borrowings bear interest at market interest rates.
Income Taxes	Income Taxes The Company accounts for income taxes in accordance with Accounting Standards Codification (“ASC”) Topic 740, Income Taxes, which requires that the Company recognize deferred tax liabilities and assets based on the differences between the financial statement carrying amounts and the tax bases of assets and liabilities, using enacted tax rates in effect in the years the differences are expected to reverse. Deferred income tax benefit (expense) results from the change in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when it is more likely than not that some or all deferred tax assets will not be realized.
Loss per Common Share	Loss per Common Share The Company had the following potential common stock equivalents at June 30, 2015: Series B Convertible Preferred Stock 40,000,000 Series C Convertible Preferred Stock 205,000,000 Series D Convertible Preferred Stock 63,850,900 Convertible notes 12,650,000 Stock payable, common shares 50,000,000 Since the Company reported a net loss at December 31, 2014 and June 30, 2015, respectively, the effect of considering any common stock equivalents, if outstanding, would have been anti-dilutive. A separate computation of diluted earnings (loss) per share is not presented.
Reclassification	Reclassification Certain reclassifications have been made to the prior period’s financial statements to conform to the current period’s presentation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Summary of Significant Accoun18

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Schedule of common stock equivalents	Series B Convertible Preferred Stock 40,000,000 Series C Convertible Preferred Stock 205,000,000 Series D Convertible Preferred Stock 63,850,900 Convertible notes 12,650,000 Stock payable, common shares 50,000,000

Acquisition, Change of Busine19

Acquisition, Change of Business (Tables)	6 Months Ended
	Jun. 30, 2015
Acquisition, Change of Business [Abstract]
Schedule of fair value assets and liabilities at cost	At May 31, 2015 Book value Fair value adjustments Fair value $ $ $ Net assets acquired 132,064 - 132,064 Interest receivable 4,938 - 4,938 Other receivable 7,313 - 7,313 Note receivable 83,450 - 83,450 Deposit on property 260,000 - 260,000 Intangible assets 2,031,500 - 2,031,500 Accounts payable and accrued liabilities (1,061,544 ) - (1,061,544 ) Advances (220,131 ) - (220,131 ) Loan payable (269,400 ) - (269,400 ) Advances from Eagle Mountain Corp (151,000 ) - (151,000 ) 817,190 - 817,190 Minority interest (119,358 ) Total consideration 697,832 Satisfied: $ Add: Issuance of various classes of preferred convertible shares of Eagle Mountain Corp. 603,534,000 Assumed convertible notes 1,327,017 Total: 604,861,017 Goodwill 604,163,185

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2015
Discontinued Operations [Abstract]
Schedule of major classes of assets and liabilities from discontinued operations	As of June 30, 2015 (Unaudited) As of December 31, 2014 (Audited) ASSETS Current assets Accounts receivable $ 560,000 $ - Other current assets 128 128 Total current assets 560,128 128 TOTAL ASSETS $ 560,128 $ 128 LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) Current liabilities Accounts payable and accrued liabilities $ 1,047,225 $ 335,522 Due to shareholders 112,533 112,533 Total current liabilities 1,159,758 448,055 Total liabilities 1,159,758 448,055 Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 Net sales $ - $ 451,371 $ 560,000 $ 1,013,241 Costs of sales - 526,225 480,000 1,113,533 Gross profit (loss) - (74,854 ) 80,000 (100,292 ) Operating Expenses Selling and distribution costs - 30,990 49,280 118,365 General and administrative expenses 1,060 196,108 182,423 409,106 Operation expenses 1,060 227,098 231,703 527.471 Other income (expenses) - 19,848 - 53,084 Income (loss) from discontinued operations (1,060 ) (282,104 ) (151,703 ) (574,679 )

Convertible Notes (Tables)

Convertible Notes (Tables)	6 Months Ended
	Jun. 30, 2015
Convertible Notes [Abstract]
Schedule of amortization of discount	June 30, 2015 Issue Date Total convertible promissory note – face value 965,000 965,000 Less: beneficial conversion feature (894,138 ) (965,000 ) 70,862 -
Schedule of interest expenses	For the three month period For the six month period June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Amortization of debt discount $ 70,862 $ - $ 70,862 $ - Interest at contractual rate 2,224 - 2,224 - Totals $ 73,086 $ 1,247 $ 73,086 $ 10,551

Organization and Principal Ac22

Organization and Principal Activities (Details) - shares	Jun. 08, 2015	Aug. 24, 2015	Jul. 17, 2015	Jun. 30, 2015	Jun. 05, 2015	Dec. 31, 2014
Organization and principal activities (Textual)
Ownership percentage by noncontrolling owners					85.00%
Common stock, shares authorized				500,000,000		500,000,000
Subsequent Event [Member]
Organization and principal activities (Textual)
Common stock, shares authorized			500,000,000
Series C Convertible Preferred Stock [Member]
Organization and principal activities (Textual)
Converted shares of common stock	1,800
Series C Convertible Preferred Stock [Member] | Subsequent Event [Member]
Organization and principal activities (Textual)
Convertible preferred stock issued upon conversion		2,050,000
Series D Convertible Preferred Stock [Member]
Organization and principal activities (Textual)
Converted shares of common stock	1,800
Series D Convertible Preferred Stock [Member] | Subsequent Event [Member]
Organization and principal activities (Textual)
Convertible preferred stock issued upon conversion		638,509
Common Stock [Member] | Subsequent Event [Member]
Organization and principal activities (Textual)
Converted shares of common stock		268,850,900
Shale Oil International Inc [Member]
Organization and principal activities (Textual)
Ownership percentage					100.00%

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Details)	6 Months Ended
	Jun. 30, 2015shares
Stock payable common shares [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Potential common stock equivalents	50,000,000
Convertible notes [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Potential common stock equivalents	12,650,000
Series B Preferred Stock [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Potential common stock equivalents	40,000,000
Series C Preferred Stock [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Potential common stock equivalents	205,000,000
Series D Preferred Stock [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Potential common stock equivalents	63,850,900

Summary of Significant Accoun24

Summary of Significant Accounting Policies (Details Textual)	6 Months Ended
	Jun. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Percentage of ownership interest in the subsidiary	85.39%

Going Concern (Details)

Going Concern (Details)	Jun. 30, 2015USD ($)
Going Concern (Textual)
Working capital deficit	$ 1,251,241

Acquisition, Change of Busine26

Acquisition, Change of Business (Details) - USD ($)	Jun. 30, 2015	May. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Net assets acquired
Cash	$ 196,523	$ 132,064			$ 231,119
Interest receivable		4,938
Other receivable		7,313
Note receivable		83,450
Deposit on property		260,000
Intangible assets		2,031,500
Accounts payable and accrued liabilities		(1,061,544)
Advances	(220,131)	(220,131)
Loan payable	$ (269,400)	(269,400)
Advances from Eagle Mountain Corp		(151,000)
Gross total		817,190
Minority interest		(119,358)
Total consideration		697,832
Assumed convertible notes		1,327,017
Total:		604,861,017
Goodwill		$ 604,163,185
Fair Value Adjustments [Member]
Net assets acquired
Cash
Interest receivable
Other receivable
Note receivable
Deposit on property
Intangible assets
Accounts payable and accrued liabilities
Advances
Loan payable
Advances from Eagle Mountain Corp
Gross total
Book Value [Member]
Net assets acquired
Cash		$ 132,064
Interest receivable		4,938
Other receivable		7,313
Note receivable		83,450
Deposit on property		260,000
Intangible assets		2,031,500
Accounts payable and accrued liabilities		(1,061,544)
Advances		(220,131)
Loan payable		(269,400)
Advances from Eagle Mountain Corp		(151,000)
Gross total		$ 817,190

Acquisition, Change of Busine27

Acquisition, Change of Business (Details Textual) - USD ($)	Jun. 05, 2015	Jun. 30, 2015	Jun. 08, 2015	May. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Subsidiary ownership percentage		85.00%
Total purchase price				$ 697,832
Assumption Agreement [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Ownership percentage		85.39%
Subsidiary ownership percentage		100.00%
Issuance of various classes of preferred convertible shares of Eagle Mountain Corp.		$ 603,534,000
Percentage of underlying assets		85.39%
Total purchase price		$ 697,832
Series B Convertible Preferred Stock [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Preferred stock, shares issued		8,000,000	8,000,000
Series B Convertible Preferred Stock [Member] | Assumption Agreement [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Preferred stock, shares issued	8,000,000
Series C Convertible Preferred Stock [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Preferred stock, shares issued		2,050,000	2,100,000
Series C Convertible Preferred Stock [Member] | Assumption Agreement [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Preferred stock, shares issued	2,050,000
Series D Convertible Preferred Stock [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Preferred stock, shares issued		638,509	640,000
Proceeds from issuance of convertible preferred stock, value	$ 1,327,017
Series D Convertible Preferred Stock [Member] | Assumption Agreement [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Preferred stock, shares issued	100,000

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Current assets
Accounts receivable	$ 560,000
Other current assets	128	$ 128
Total current assets	560,128	128
TOTAL ASSETS	560,128	128
Current liabilities
Accounts payable and accrued liabilities	1,047,225	335,522
Due to shareholders	112,533	112,533
Total current liabilities	1,159,758	448,055
Total liabilities	$ 1,159,758	$ 448,055

Discontinued Operations (Deta29

Discontinued Operations (Details 1) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income (loss) from discontinued operations [Abstract]
Net sales		$ 451,371	$ 560,000	$ 1,013,241
Costs of sales		526,225	480,000	1,113,533
Gross profit (loss)		(74,854)	80,000	(100,292)
Operating Expenses
Selling and distribution costs		30,990	49,280	118,365
General and administrative expenses	$ 1,060	196,108	182,423	409,106
Operation expenses	$ 1,060	227,098	$ 231,703	527,471
Other income (expenses)		19,848		53,084
Income (loss) from discontinued operations	$ (1,060)	$ (282,104)	$ (151,703)	$ (574,679)

Discontinued Operations (Deta30

Discontinued Operations (Details Textual) - USD ($)	Jun. 05, 2015	Jun. 30, 2015	Jun. 08, 2015
Series B Convertible Preferred Stock [Member]
Discontinued Operations (Textual)
Preferred stock, shares issued		8,000,000	8,000,000
Series B Convertible Preferred Stock [Member] | Assumption Agreement [Member]
Discontinued Operations (Textual)
Preferred stock, shares issued	8,000,000
Series C Convertible Preferred Stock [Member]
Discontinued Operations (Textual)
Preferred stock, shares issued		2,050,000	2,100,000
Series C Convertible Preferred Stock [Member] | Assumption Agreement [Member]
Discontinued Operations (Textual)
Preferred stock, shares issued	2,050,000
Series D Convertible Preferred Stock [Member]
Discontinued Operations (Textual)
Preferred stock, shares issued		638,509	640,000
Proceeds from issuance of convertible preferred stock, value	$ 1,327,017
Series D Convertible Preferred Stock [Member] | Assumption Agreement [Member]
Discontinued Operations (Textual)
Preferred stock, shares issued	100,000
Common Stock [Member] | Assumption Agreement [Member]
Discontinued Operations (Textual)
Stock payable, common shares	50,000,000

Other Assets (Details)

Other Assets (Details) - USD ($)	1 Months Ended
	May. 23, 2014	Jun. 30, 2015	May. 31, 2015	Aug. 31, 2014
Other Assets (Textual)
Subsidiary ownership percentage		85.00%
Intangible assets		$ 2,031,500
Deposit on property		260,000	$ 260,000
Pryme Oil and Gas LLC [Member]
Other Assets (Textual)
Subsidiary ownership percentage	85.00%
Working interests percentage	100.00%
Consideration for acquisition	$ 1,400,000
Deposit on property		$ 260,000		$ 260,000

Loan Receivable (Details)

Loan Receivable (Details) - USD ($)	Jun. 30, 2015	Jun. 01, 2014
Loan Receivable (Textual)
Loan receivable	$ 175,000	$ 83,450
Loans receivable, Libor rate	2.00%
Percentage of bearing interest		6.00%

Convertible Notes (Details)

Convertible Notes (Details) - USD ($)	Jun. 05, 2015	Jun. 30, 2015	Jun. 30, 2015
Convertible Notes [Abstract]
Total convertible promissory note - face value	$ 965,000		$ 965,000
Less: beneficial conversion feature	$ (965,000)		(894,138)
Total		$ 70,862	$ 70,862

Convertible Notes (Details 1)

Convertible Notes (Details 1) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Convertible Notes [Abstract]
Amortization of debt discount	$ 70,862		$ 70,862
Interest at contractual rate	2,224		2,224
Totals	$ 73,086		$ 73,086

Convertible Notes (Details Text

Convertible Notes (Details Textual) - USD ($)	Jun. 05, 2015	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014
Convertible Notes (Textual)
(Loss) on debt settlement		$ (105,233,144)	$ (105,233,144)
Percentage of convertible note		6.00%	6.00%
Proceeds from convertible notes	$ 965,000		$ 965,000
Amortization of debt discount		$ 70,862	70,862
Beneficial Conversion Feature			$ 965,000
Minimum [Member]
Convertible Notes (Textual)
Convertible note maturity date			3 months
conversion price		$ 0.05	$ 0.05
Maximum [Member]
Convertible Notes (Textual)
Convertible note maturity date			2 years
conversion price		$ 0.10	$ 0.10
Series D Convertible Preferred Stock [Member]
Convertible Notes (Textual)
Debt exchange agreements description	Pursuant to the Exchange Agreements, the holders released the Company in full from the Company's obligations to them for an aggregate of $1,327,017 in convertible debentures, and the Company cancelled, extinguished and discharged such obligations, in exchange for the issuance to the holders of an aggregate of 538,509 shares of Series D Convertible Preferred Stock.
Proceeds from issuance of convertible preferred stock, value	$ 1,327,017
Aggregate shares of Series D Convertible Preferred Stock	538,509
Conversion of Convertible Securities	$ 106,560,161

Common Stock (Details)

Common Stock (Details) - USD ($)	Jun. 08, 2015	Jun. 05, 2015	Jul. 17, 2015	Jun. 30, 2015	Dec. 31, 2014
Common Stock (Textual)
Common stock, stated value				$ 0.001	$ 0.001
Common stock, shares outstanding				2,205,010	2,205,010
Series B Convertible Preferred Stock [Member]
Common Stock (Textual)
Preferred stock, shares issued	8,000,000			8,000,000
Converted shares of common stock	90
Common stock, stated value	$ 0.001
Reverse stock split			One for eighteen reverse split of its common stock.
Shares issued under reverse stock splits			5
Series B Convertible Preferred Stock [Member] | Assumption Agreement [Member]
Common Stock (Textual)
Preferred stock, shares issued		8,000,000
Series C Convertible Preferred Stock [Member]
Common Stock (Textual)
Preferred stock, shares issued	2,100,000			2,050,000
Converted shares of common stock	1,800
Common stock, stated value	$ 0.001
Reverse stock split			One for eighteen reverse split of its common stock.
Shares issued under reverse stock splits			100
Series C Convertible Preferred Stock [Member] | Assumption Agreement [Member]
Common Stock (Textual)
Preferred stock, shares issued		2,050,000
Series D Convertible Preferred Stock [Member]
Common Stock (Textual)
Preferred stock, shares issued	640,000			638,509
Proceeds from issuance of convertible preferred stock, value		$ 1,327,017
Converted shares of common stock	1,800
Common stock, stated value	$ 0.001
Reverse stock split			One for eighteen reverse split of its common stock.
Shares issued under reverse stock splits			100
Series D Convertible Preferred Stock [Member] | Assumption Agreement [Member]
Common Stock (Textual)
Preferred stock, shares issued		100,000
Conversion of convertible preferred stock into common stock		538,509
Common Stock [Member] | Assumption Agreement [Member]
Common Stock (Textual)
Common stock, shares issued		50,000,000

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Jul. 17, 2015	Jun. 08, 2015	Aug. 24, 2015	Sep. 01, 2015	Jun. 30, 2015	Dec. 31, 2014
Subsequent Events (Textual)
Common stock, shares authorized					500,000,000	500,000,000
Series C Convertible Preferred Stock [Member]
Subsequent Events (Textual)
Converted shares of common stock		1,800
Series D Convertible Preferred Stock [Member]
Subsequent Events (Textual)
Converted shares of common stock		1,800
Subsequent Event [Member]
Subsequent Events (Textual)
Common stock, shares authorized	500,000,000
convertible notes payable				$ 350,000
Common stock, description	Company's authorized common stock was increased to 500,000,000 shares and every eighteen shares of the Company's issued and outstanding common stock was automatically converted into one issued and outstanding share of common stock, without any change in par value per share.
Subsequent Event [Member] | Series C Convertible Preferred Stock [Member]
Subsequent Events (Textual)
Convertible preferred stock issued upon conversion			2,050,000
Subsequent Event [Member] | Series D Convertible Preferred Stock [Member]
Subsequent Events (Textual)
Convertible preferred stock issued upon conversion			638,509
Subsequent Event [Member] | Common Stock [Member]
Subsequent Events (Textual)
Converted shares of common stock			268,850,900