Eagle Mountain 10-Q/A 29 Dec 15 2015 Q3 Quarterly report (amended) Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Dec. 02, 2015
Document and Entity Information:
Entity Registrant Name	Eagle Mountain Corp
Entity Trading Symbol	emtc
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	true
Entity Central Index Key	934,445
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		333,405,926
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Amendment Description	Amendment No 1

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current assets
Cash and cash equivalents	$ 271,954	$ 0
Interest receivable	7,781	0
Prepaid expense	37,500	0
Other current assets	8,422	0
Total current assets	325,657	0
Note receivable	258,450	0
Deposit on property (Note 6)	260,000	0
Computers and electronics, net	9,433	0
Intangible assets (Note 6)	2,031,500	0
Assets from discontinued operations (Note 5)	560,128	128
Total other assets	3,119,511	0
TOTAL ASSETS	3,445,168	128
Current liabilities
Accounts payable and accrued liabilities	1,174,503	0
Advances	254,713	0
Deferred revenue	350,000	0
Convertible notes, net	1,150,000	0
Loan payable	269,400	0
Liability for unissued shares	765,000	0
Total current liabilities	3,963,616	0
Liabilities from discontinued operations	959,623	448,055
Total liabilities	4,923,239	0
Stockholders' Equity (Deficit)
Series B Convertible Preferred Stock Par value: $0.001, 8,000,000 shares authorized, 8,000,000 and nil shares issued and outstanding as of September 30, 2015 and December 31, 2014, respectively	0	0
Series C Convertible Preferred Stock Par value: $0.001, 2,100,000 shares authorized, nil shares issued and outstanding as of September 30, 2015 and December 31, 2014	0	0
Series D Convertible Preferred Stock Par value: $0.001, 640,000 shares authorized, nil shares issued and outstanding as of September 30, 2015 and December 31, 2014	0	0
Series E Convertible Preferred Stock Par value: $0.001, 8,000,000 shares authorized, 8,000,000 and nil shares issued and outstanding as of September 30, 2015 and December 31, 2014, respectively	8,000	0
Common stock: Par value: $0.001, 500,000,000 shares authorized, 271,055,926 shares issued and outstanding as of September 30, 2015 and December 31, 2014	271,056	2,205
Stock payable	99,040,000	0
Additional paid in capital	616,400,032	4,371,203
Exchange reserve	(1,776)	(1,776)
Minority interest in earnings of subsidiary	119,618	0
Total stockholders' equity	(1,478,071)	(447,927)
Total liabilities and stockholders' equity	$ 3,445,168	$ 128

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets Parentheticals - $ / shares	Sep. 30, 2015	Dec. 31, 2014
Parentheticals
Series B Convertible Preferred Stock, par value	$ 0.001	$ 0.001
Series B Convertible Preferred Stock, shares authorized	8,000,000	8,000,000
Series B Convertible Preferred Stock, shares issued	0	0
Series B Convertible Preferred Stock, shares outstanding	0	0
Series C Convertible Preferred Stock, par value	$ 0.001	$ 0.001
Series C Convertible Preferred Stock, shares authorized	2,100,000	2,100,000
Series C Convertible Preferred Stock, shares issued	0	0
Series C Convertible Preferred Stock, shares outstanding	0	0
Series D Convertible Preferred Stock, par value	$ 0.001	$ 0.001
Series D Convertible Preferred Stock, shares authorized	640,000	640,000
Series D Convertible Preferred Stock, shares issued	0	0
Series D Convertible Preferred Stock, shares outstanding	0	0
Series E Convertible Preferred Stock, par value	$ 0.001	$ 0.001
Series E Convertible Preferred Stock, shares authorized	8,000,000	8,000,000
Series E Convertible Preferred Stock, shares issued	8,000,000	0
Series E Convertible Preferred Stock, shares outstanding	8,000,000	0
Common Stock, par value	$ 0.001	$ 0.001
Common Stock, shares authorized	500,000,000	500,000,000
Common Stock, shares issued	271,055,926	271,055,926
Common Stock, shares outstanding	271,055,926	271,055,926

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
REVENUES:
Revenue	$ 0	$ 0	$ 0	$ 0
Operating Expenses
Depreciation	270	0	270	0
Exploration expenses	(1,449)	0	18,590	0
Professional fees	61,392	0	285,892	0
General and administrative expenses	1,304,473	0	1,469,638	0
Total operating expenses	1,364,686	0	1,774,390	0
Income (loss) from continuing operations	(1,364,686)	0	(1,774,390)	0
Other Income (expenses)
Interest expenses	(1,102,777)	0	(1,175,863)	0
Interest income	2,474	0	2,843	0
Impairment of goodwill	0	0	(604,163,185)	0
Loss on debt settlement	0	0	(105,233,144)	0
Other Income (expenses)	(1,100,303)	0	(710,569,349)	0
Net Income (loss) from continuing operations	(2,464,989)	0	(712,343,739)	0
Net Income (loss) from discontinued operations	0	12,673,201	(151,703)	12,098,522
Net Income (loss)	(2,464,989)	12,673,201	(712,495,442)	12,098,522
Attributable to:
Non-controlling interest	(42,030)	0	(49,071)	0
Shareholders of the Company	$ (2,422,959)	$ 12,673,201	$ (712,446,371)	$ 12,098,522
Net Loss Per Common Share - basic and diluted	$ (0.02)	$ 5.75	$ (18.43)	$ 5.49
Weighted average number of shares - basic and diluted	110,329,828	2,205,010	38,642,678	2,205,010

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income (loss) before non-controlling interest	$ (712,495,442)	$ 12,098,522
Add: loss from discontinued operations	151,703	(12,098,522)
Adjustments to reconcile net income (loss) to cash used in operation
Depreciation	270	0
Impairment of Goodwill	604,163,185	0
Amortization of debt discount	1,150,000	0
Loss on debt settlement	105,233,144	0
Changes in current assets and liabilities:
Interest receivable	(2,843)	0
Prepaid expenses	(37,500)	0
Other receivable	(1,109)	0
Accounts payable and accrued expenses	(50,815)	0
Deferred revenue	350,000	0
Liability for unissued shares	765,000	0
Net cash provided (used) from continuing activities	(774,407)	0
Net cash provided (used) from discontinued activities	0	1,615,830
Net cash provided (used) from operating activities	(774,407)	1,615,830
Cash flows from investing activities:
Cash and cash equivalents acquired from acquisitions of consolidated companies	132,064	0
Advances of funds to subsidiary before acquisition	(151,000)	0
Loan receivable	(175,000)	0
Computers and electronics	(9,703)	0
Net cash provided (used) from continuing activities	(203,639)	0
Net cash provided (used) from discontinued activities	0	11,738,454
Net cash provided (used) from investing activities	(203,639)	11,738,454
Cash flows from financing activities:
Proceeds from subscription	100,000	0
Proceeds from convertible notes	1,150,000	0
Net cash provided (used) from continuing activities	1,250,000	0
Net cash provided (used) from discontinued activities	0	(13,585,403)
Net cash provided (used) from financing activities	1,250,000	(13,585,403)
Net cash flows	271,954	(231,119)
Cash and equivalents, beginning of period	0	231,119
Cash and equivalents, end of period	271,954	0
Supplemental cash flow disclosures:
Cash paid for interest	0	0
Cash paid for income taxes	0	0
Supplemental non-cash investing activities:
Non- cash net assets acquired, Assumption Agreement	$ 685,126	$ 0

Organization and Principal Acti

Organization and Principal Activities	9 Months Ended
	Sep. 30, 2015
Organization and Principal Activities:
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 85.39% 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 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 under the terms of the certificates of designation for each of the Series B, C and D preferred stock, each series automatically converted into shares of the Company’s common stock upon the amendment to the Company’s certificate of incorporation becoming effective as set out above. As a result 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 effective July 17, 2015. These shares were issued on August 24, 2015. The holder of 8,000,000 shares of Class B preferred stock surrendered 40,000,000 shares of common stock upon conversion, which shares were exchanged for 8,000,000 shares of Series E preferred stock.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	Note 2 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, Shale Oil International Inc. (OTC:PINK-SHLE), and its 100% owned 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 September 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 September 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 Basic loss per share includes no dilution and is computed by dividing loss available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period. The Company had the following potential common stock equivalents at September 30, 2015: Series E Convertible Preferred Stock 40,000,000 Convertible notes 21,330,810 Stock payable, common shares 51,000,000 Since the Company reported a net loss at December 31, 2014 and September 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. Revenue Recognition The Company's revenue recognition policies are in compliance with FASB ASC 605 Revenue Recognition (formerly SEC Staff Accounting Bulletin (SAB) 104). Revenue is recognized when services are rendered to customers when a formal arrangement exists, the price is fixed or determinable, the delivery is completed, no other significant obligations of the Company exist and collectability is reasonably assured. Payments received before all of the relevant criteria for revenue recognition are satisfied are recorded as unearned revenue. 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	9 Months Ended
	Sep. 30, 2015
Going Concern
Going Concern	Note 3 Going Concern The Company has incurred net losses since inception and had a working capital deficit of $3,637,959 at September 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	9 Months Ended
	Sep. 30, 2015
Acquisition, Change of Business
Acquisition, Change of Business	Note 4 Acquisition, Change of Business 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 assets including; letters of intent, agreements and other assets and assumed debts in the aggregate amount of $1,327,017 from the Assignor, which amount was subsequently released in exchange for 538,509 shares of a newly designated class of Series D Convertible Preferred Stock (Note 8). As consideration for the Assumption Agreement, 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). 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 transaction has been valued at $603,534,000, based on fair market value of the acquirer’s stock, which is issuable upon conversion of several classes of Preferred Stock as set out above and the issuance of a total of 50,000,000 shares of common stock which remains payable at the date hereof. The value of 85.39% of the net underlying assets of Assignor was approximately $697,832. 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 Cash 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 ) Total 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. based on quoted market value of common stock issuable as at transaction date. 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	9 Months Ended
	Sep. 30, 2015
Discontinued Operations
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 at September 30, 2015). 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 September 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 September 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 $ 847,090 $ 335,522 Due to shareholders 112,533 112,533 Total current liabilities 959,623 448,055 Total liabilities 959,623 448,055 The results of the discontinued operations are as follows: Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2015 2014 2015 2014 Net sales $ - $ - $ 560,000 $ 1,013,241 Costs of sales - - 480,000 1,113,533 Gross profit (loss) - - 80,000 (100,292 ) Operating Expenses Selling and distribution costs - - 49,280 118,365 General and administrative expenses - - 182,423 409,106 Income (loss) from operation - - 231,703 (627,763 ) Other income (expenses) - 12,673,201 - 12,726,285 Income (loss) from discontinued operations - 12,673,201 (151,703 ) 12,098,522

Other Assets

Other Assets	9 Months Ended
	Sep. 30, 2015
Other Assets {1}
Other Assets	Note 6 Other Assets (a) Sale and Purchase Agreement with Pryme Oil and Gas LLC On May 23, 2014 the Company’s 85.39% 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 85.39% controlled subsidiary, Shale Oil International Inc., and its wholly owned subsidiary, Texas Shale Oil Inc.

Deferred Revenue

Deferred Revenue	9 Months Ended
	Sep. 30, 2015
Deferred Revenue:
Deferred Revenue	Note 7 Deferred Revenue In September 2015, the Company received $350,000 from a client in respect to and invoice issued with respect to certain consulting services to be rendered including the acquisition of engineering, geological and geophysical data and the completion of pre-feasibility work on a potential mining project in Panama. As at September 30, 2015 the Company had not yet completed the scope of work and has recorded the amount received as deferred revenue.

Loans Receivable

Loans Receivable	9 Months Ended
	Sep. 30, 2015
Loans Receivable:
Loans Receivable	Note 8 Loans Receivable During the nine month period ended September 30, 2015, the Company provided $175,000 in operating capital to a third party in the form of a two year note, bearing interest at 2% plus the USD Libor rate. The loan is unsecured. 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	9 Months Ended
	Sep. 30, 2015
Convertible Notes:
Convertible Notes	Note 9 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. The aggregate of 538,509 shares of Series D Convertible Preferred Stock was valued at $106,560,161 based on fair market value of the Company’s market price on the date of the transaction, and assuming all Series D Convertible Shares of Preferred Stock were converted to shares of the Company’s common stock. We recorded $105,233,144 as a loss on debt settlement. During the nine month period ended September 30, 2015, the Company entered into various 6% convertible notes with investors, having a maturity date as of September 1, 2015 and with conversion prices varying from $0.0469 to $0.10 per share. We received a total of $1,150,000 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 $1,150,000, 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 nine month period ended September 30, 2015 was $1,150,000. September 30, 2015 Issue Date Total convertible promissory note – face value 1,150,000 1,150,000 Less: beneficial conversion feature - (1,150,000 ) 1,150,000 - The notes became due and payable on September 1, 2015 and are now considered demand notes which continue to accrue interest at a rate of 6% per annum. Interest expenses: For the three month period For the nine month period September 30, 2015 September 30, 2014 September 30, 2015 September 30, 2014 Amortization of debt discount $ 1,079,138 $ - $ 1,150,000 $ - Interest at contractual rate 15,736 - 17,960 - Totals $ 1,094,874 $ - $ 1,167,960 $ -

Agreements for Services

Agreements for Services	9 Months Ended
	Sep. 30, 2015
Agreements for Services:
Agreements for Services	Note 10 Agreements for Services On August 3, 2015, the Company entered into Services Agreements with two independent consultants. Under the services agreement, the consultants will provide general consultancy services in connection with the Company’s projected business in or related to China and Hong Kong. In consideration for the services provided, the Company will pay a total of 600,000 shares of the Company’s common stock, which was valued at fair market value on issuance at $1.275 per share or $765,000.

Subscription Agreement

Subscription Agreement	9 Months Ended
	Sep. 30, 2015
Subscription Agreement:
Subscription Agreement	Note 11 Subscription Agreement On April 20, 2015, the Company entered into a subscription agreement with an investor for a total of 1,000,000 shares of the Company’s common stock at a price of US$0.10 per share. The total amount of $100,000 was received in August 2015, however, as at September 30, 2015 the shares remained unissued and have been recorded as stock payable under the equity section of the Company’s balance sheets.

Common Stock

Common Stock	9 Months Ended
	Sep. 30, 2015
Common Stock
Common Stock	Note 12 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. 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 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. The aforementioned Assumption Agreement resulted in a change of control in the Company under the terms of the certificates of designation for each of the Series B, C and D preferred stock, each series automatically converted into shares of the Company’s common stock upon the amendment to the Company’s certificate of incorporation becoming effective as set out above. As a result 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 effective July 17, 2015. These shares were issued on August 24, 2015. The holder of 8,000,000 shares of Class B preferred stock surrendered 40,000,000 shares of common stock upon conversion, which shares were exchanged for 8,000,000 shares of a newly designated Series E preferred stock. On October 23, 2015, the Company filed the Certificate of Designation of Preferences, Rights and Limitations of Series E Convertible Preferred Stock (“Series E Preferred Stock”) authorizing the issuance of up to 8,000,000 shares of Series E Preferred Stock. Each share of Series E Preferred Stock has a stated value of $0.001 and is automatically convertible into five shares of the Company’s 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 E 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 E Preferred Stock are convertible. The Company had 271,055,910 and 2,205,010 shares of common stock outstanding at September 30, 2015 and December 31, 2014.

Other Events

Other Events	9 Months Ended
	Sep. 30, 2015
Other Events:
Other Events	Note 13 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	9 Months Ended
	Sep. 30, 2015
Subsequent Events
Subsequent Events	Note 14 Subsequent Events On October 9, 2015, 600,000 shares of the Company’s common stock was issued in respect to the services agreements. (For more details, see Note 9 – Services Agreements) On October 30, 2015, 50,000,000 shares of the Company’s common stock was issued in respect to the acquisition of business. (For more details, see Note 4 – Acquisition, Change of Business) On November 6, 2015, 2,000,000 shares of the Company’s common stock was issued in respect to the subscription agreement referred to above in Note 10, as well a subsequent subscription agreement with the same shareholder for a further 1,000,000 shares. (ref Note 10 – Subscription Agreement). In October and November 2015, total of 8,750,000 shares of common stock were issued in respect to the various convertible notes as described above in Note 8. (ref Note 8 – Convertible Notes).

Accounting Policies (Policies)

Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies:
Principles of Consolidation	Principal of Consolidation These consolidated financial statements include the accounts of Eagle Mountain Corp. and its 85.39% controlled subsidiary, Shale Oil International Inc. (OTC:PINK-SHLE), and its 100% owned 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, Policy	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, Policy	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 September 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 September 30, 2015, there was no impairment of long-lived assets.
Intangible Assets, Policy	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, Policy	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, Policy	Loss per Common Share Basic loss per share includes no dilution and is computed by dividing loss available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period. The Company had the following potential common stock equivalents at September 30, 2015: Series E Convertible Preferred Stock 40,000,000 Convertible notes 21,330,810 Stock payable, common shares 51,000,000 Since the Company reported a net loss at December 31, 2014 and September 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.
Revenue Recognition	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.

Schedule of Potential Common St

Schedule of Potential Common Stock Equivalents (Tables)	9 Months Ended
	Sep. 30, 2015
Schedule of Potential Common Stock Equivalents
Schedule of Potential Common Stock Equivalents	The Company had the following potential common stock equivalents at September 30, 2015: Series E Convertible Preferred Stock 40,000,000 Convertible notes 21,330,810 Stock payable, common shares 51,000,000

Schedule of Acquisition, Change

Schedule of Acquisition, Change of Business (Tables)	9 Months Ended
	Sep. 30, 2015
Business Combinations:
Schedule of Business Acquisitions, by Acquisition	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 Cash 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 ) Total 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. based on quoted market value of common stock issuable as at transaction date. 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.

Schedule of Convertible Notes (

Schedule of Convertible Notes (Tables)	9 Months Ended
	Sep. 30, 2015
Schedule of Convertible Notes
Schedule of Amortization of Discount	Amortization of the discount for the nine month period ended September 30, 2015 was $1,150,000. September 30, 2015 Issue Date Total convertible promissory note – face value 1,150,000 1,150,000 Less: beneficial conversion feature - (1,150,000 ) 1,150,000 -
Schedule of Interest expense	The notes became due and payable on September 1, 2015 and are now considered demand notes which continue to accrue interest at a rate of 6% per annum. Interest expenses: For the three month period For the nine month period September 30, 2015 September 30, 2014 September 30, 2015 September 30, 2014 Amortization of debt discount $ 1,079,138 $ - $ 1,150,000 $ - Interest at contractual rate 15,736 - 17,960 - Totals $ 1,094,874 $ - $ 1,167,960 $ -

Organization and Principal Ac24

Organization and Principal Activities (Details) - shares	Aug. 24, 2015	Jul. 17, 2015	Jun. 05, 2015
Organization and Principal Activities Details
Ownership percentage			100.00%
Percentage of ownership interest in the subsidiary			85.39%
Common Stock, shares authorized		500,000,000
Shares of Class D Preferred Stock converted into common shares		638,509
Shares of Class C Preferred Stock converted into common shares		2,050,000
Shares of Class D and C Preferred Stock converted into shares of common stock	268,850,900
Holders of shares of Class B Preferred stock surrendered common shares	8,000,000
Holders of shares of Class B Preferred stock surrendered common shares upon conversion	40,000,000
Holders of shares of Class B Preferred stock surrendered common shares, exchanged for Series E preferred stock	8,000,000

Loss per Common Share (Details)

Loss per Common Share (Details)	Sep. 30, 2015USD ($)shares
Loss per Common Share Details
Series E Convertible Preferred Stock	40,000,000
Convertible notes | $	$ 21,330,810
Stock payable, common shares	51,000,000

Going Concern (Details)

Going Concern (Details)	Sep. 30, 2015USD ($)
Going Concern Details
Working capital deficit	$ 3,637,959

Acquisition, Change of Busine27

Acquisition, Change of Business Narrative (Details)	Jun. 05, 2015USD ($)shares
Acquisition, Change of Business Narrative Details
Assumed debts in the aggregate amount from the Assignor | $	$ 1,327,017
Amount was subsequently released in exchange for shares of a newly designated class of Series D Convertible Preferred Stock	538,509
Newly designated Series B Convertible Preferred Stock shares issued	8,000,000
Newly designated Series C Convertible Preferred Stock shares issued	2,050,000
Issued shares of a newly designated Series D Convertible Preferred Stock	100,000
Issued assignees shares of common stock	50,000,000
Percent of Controlling ownership of Shale Oil International Inc	85.39%
Subsidiary ownership percentage	100.00%
Value of the transaction , based on fair market value of the acquirer's stock | $	$ 603,534,000
Issuance of a total shares of common stock	50,000,000
Value of 85.39% the net underlying assets of Assignor, approximately | $	$ 697,832
Allocation of the purchase price totaling | $	$ 697,832

Acquisition, Change of Busine28

Acquisition, Change of Business - Allocation of purchase price (Details)	May. 31, 2015USD ($)shares
Net assets acquired - Book value
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)
Total	817,190
Net assets acquired - Fair value adjustments
Cash	0
Interest receivable	0
Other receivable	0
Note receivable	0
Deposit on property	0
Intangible assets	0
Accounts payable and accrued liabilities	0
Advances	0
Loan payable	0
Advances from Eagle Mountain Corp	0
Total	0
Net assets acquired - Fair value
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)
Total	817,190
Minority interest	(119,358)
Total consideration	$ 697,832
Satisfied:
Add: Issuance of various classes of preferred convertible shares of Eagle Mountain Corp. based on quoted market value of common stock issuable as at transaction date | shares	603,534,000
Assumed convertible notes	$ 1,327,017
Total:	604,861,017
Goodwill	$ 604,163,185

Discontinued Operations Narrati

Discontinued Operations Narrative (Details)	Jun. 05, 2015USD ($)shares
Discontinued Operations Narrative Details
Assumed debts in the aggregate amount from the Assignor | $	$ 1,327,017
Amount was subsequently released in exchange for shares of a newly designated class of Series D Convertible Preferred Stock	538,509
Issued assignees shares of a newly designated Series B Convertible Preferred Stock	8,000,000
Issued assignees shares of a newly designated Series C Convertible Preferred Stock	2,050,000
Issued shares of a newly designated Series D Convertible Preferred Stock	100,000
Issued assignees shares of common stock	50,000,000

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current assets
Accounts receivable	$ 560,000	$ 0
Other current assets	128	128
Total current assets	560,128	128
TOTAL ASSETS	560,128	128
Current liabilities
Accounts payable and accrued liabilities	847,090	335,522
Due to shareholders	112,533	112,533
Total current liabilities	959,623	448,055
Total liabilities	$ 959,623	$ 448,055

Discontinued Operations (Deta31

Discontinued Operations (Details 1) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Results of the discontinued operations
Net sales	$ 0	$ 0	$ 560,000	$ 1,013,241
Costs of sales	0	0	480,000	1,113,533
Gross profit (loss)	0	0	80,000	(100,292)
Operating Expenses
Selling and distribution costs	0	0	49,280	118,365
General and administrative expenses	0	0	182,423	409,106
Income (loss) from operation	0	0	231,703	(627,763)
Other income (expenses)	0	12,673,201	0	12,726,285
Income (loss) from discontinued operations	$ 0	$ 12,673,201	$ (151,703)	$ 12,098,522

Other Assets (Details)

Other Assets (Details) - USD ($)	Sep. 30, 2015	Jun. 05, 2015	May. 31, 2015	Aug. 31, 2014	May. 23, 2014
Sale and Purchase Agreement with Pryme Oil and Gas LLC
Subsidiary ownership percentage					100.00%
Subsidiary ownership percentage					85.39%
Consideration for acquisition					$ 1,400,000
Seller's proportionate share of the installation of an artificial lift system on the Rosewood Plantation					260,000
Deposit on property	$ 260,000			$ 260,000	0
Advance by the subsidiary converted into an unrestricted block of stock equivalent value to the cash proceeds advanced	$ 260,000
Intangible Assets:
Intangible assets			$ 2,031,500		$ 2,031,500
Subsidiary ownership percentage		100.00%			85.39%

Deferred Revenue (Details)

Deferred Revenue (Details)	Sep. 30, 2015USD ($)
Deferred Revenue Details
Received from a client	$ 350,000

Loans Receivable (Details)

Loans Receivable (Details)	Sep. 30, 2015USD ($)	Jun. 01, 2014USD ($)
Loans Receivable Details
Provided in operating capital to a third party in form of a note	$ 175,000
Term of the note (years)	2
Interest rate (plus USD Libor rate)	2.00%
Company's subsidiary provided to a third party in form of a note		$ 83,450
Term of the note in years		2
Interest rate per annum		6.00%

Convertible Notes (Details)

Convertible Notes (Details)	Jun. 05, 2015USD ($)shares
Convertible Notes Details
Holders released the Company in full from the Company's obligations	$ 1,327,017
Amount was subsequently released in exchange for shares of a newly designated class of Series D Convertible Preferred Stock | shares	538,509
Aggregate shares of Series D Convertible Preferred Stock, fair value	$ 106,560,161
Loss on debt settlement recorded	$ 105,233,144

Convertible Notes - During the

Convertible Notes - During the period (Details)	9 Months Ended
	Sep. 30, 2015USD ($)$ / shares
Convertible Notes - During the period Details
Convertible notes, percent	6.00%
Maturity Date	september 01 2015
Conversion price, minimum | $ / shares	$ 0.0469
Conversion price, maximum | $ / shares	$ 0.10
Total convertible notes received | $	$ 1,150,000
Amortization of the discount | $	$ 1,150,000

Convertible Notes - Amortizatio

Convertible Notes - Amortization of Discount (Details) - USD ($)	Sep. 30, 2015	Jun. 05, 2015	May. 31, 2015
Convertible Notes - Amortization of Discount Details
Total convertible promissory note - face value	$ 1,150,000	$ 1,150,000
Less: beneficial conversion feature	0	(1,150,000)
Total	$ 1,150,000	$ 0	$ 817,190

Convertible Notes - Interest Ex

Convertible Notes - Interest Expenses (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Convertible Notes - Interest Expenses Details
Amortization of debt discount	$ 1,079,138	$ 0	$ 1,150,000	$ 0
Interest at contractual rate	15,736	0	17,960	0
Totals	$ 1,094,874	$ 0	$ 1,167,960	$ 0

Common Stock (Details)

Common Stock (Details)	Oct. 23, 2015$ / sharesshares	Sep. 30, 2015shares	Aug. 24, 2015shares	Jul. 17, 2015shares	Jun. 08, 2015$ / sharesshares	Jun. 05, 2015USD ($)shares	Dec. 31, 2014shares
Common Stock Details
Newly designated Series B Convertible Preferred Stock issued						8,000,000
Newly designated Series C Convertible Preferred Stock issued						2,050,000
Newly designated Series D Convertible Preferred Stock issued						100,000
Common Stock shares issued under assumption agreement						50,000,000
Value of assumed debt to be settled by the Company | $						$ 1,327,017
Series D Convertible Preferred Stock issued for assumed debt settlement						538,509
Authorized issuance of Series B Preferred Stock shares					8,000,000
Series B Preferred Stock, stated value per share | $ / shares					$ 0.001
Series B Preferred Stock share convertible into shares of common stock					90
Effected reverse split of its common stock a one for				18
Series B Preferred Stock share adjusted, convertible into common shares				5
Authorized issuance of Series C Preferred Stock shares					2,100,000
Series C Preferred Stock, stated value per share | $ / shares					$ 0.001
Series C Preferred Stock share convertible into shares of common stock					1,800
Series C Preferred Stock share adjusted, convertible into common shares				100
Authorized issuance of Series D Preferred Stock shares					640,000
Series D Preferred Stock, stated value per share | $ / shares					$ 0.001
Series D Preferred Stock share convertible into shares of common stock					1,800
Series D Preferred Stock share adjusted, convertible into common shares				100
Common Stock, shares authorized		500,000,000		500,000,000			500,000,000
Every 18 issued and oustanding common shares converted into issued and outstanding share of common stock				1
Shares of Class D Preferred Stock converted into common shares				638,509
Shares of Class C Preferred Stock converted into common shares				2,050,000
Shares of Class D and C Preferred Stock converted into shares of common stock			268,850,900
Holders of shares of Class B Preferred stock surrendered common shares			8,000,000
Holders of shares of Class B Preferred stock surrendered common shares upon conversion			40,000,000
Holders of shares of Class B Preferred stock surrendered common shares, exchanged for Series E preferred stock			8,000,000
Authorized issuance of Series E Preferred Stock shares	8,000,000
Series E Preferred Stock, stated value per share | $ / shares	$ 0.001
Series E Preferred Stock share convertible into shares of common stock	5
Shares of common stock outstanding		271,055,910					2,205,010

Agreements for Services (Detail

Agreements for Services (Details)	Aug. 03, 2015USD ($)shares
Agreements for Services Details
Shares of common stock for the services provided | shares	600,000
Shares of common stock valued at fair market value | $	$ 765,000

Subscription Agreement (Details

Subscription Agreement (Details) - USD ($)	Aug. 31, 2015	Apr. 20, 2015
Subscription Agreement Details
Subscription agreement with an investor for a total shares of common stock		1,000,000
Shares of common stock per share		$ 0.10
Total amount received	$ 100,000

Subsequent Events Transactions

Subsequent Events Transactions (Details) - shares	Nov. 30, 2015	Nov. 06, 2015	Oct. 30, 2015	Oct. 09, 2015
Subsequent Events Transactions Details
Shares of common stock issued for services agreements				600,000
Shares of common stock issued for acquisition of business			50,000,000
Shares of common stock issued for subscription agreement		2,000,000
Shares of common stock issued in respect to the various convertible notes	8,750,000		8,750,000