Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Apr. 30, 2014 | |
Document And Entity Information | ' | ' |
Entity Registrant Name | 'NSU RESOURCES INC. | ' |
Entity Central Index Key | '0001420368 | ' |
Document Type | '10-K | ' |
Document Period End Date | 31-Dec-13 | ' |
Amendment Flag | 'false | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Is Entity a Well-known Seasoned Issuer? | 'No | ' |
Is Entity a Voluntary Filer? | 'Yes | ' |
Is Entity's Reporting Status Current? | 'Yes | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Public Float | ' | $0 |
Entity Common Stock, Shares Outstanding | ' | 156,311,131 |
Document Fiscal Period Focus | 'FY | ' |
Document Fiscal Year Focus | '2013 | ' |
Balance_Sheets
Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Current assets | ' | ' |
Prepaid expenses | $800 | ' |
Total current assets | 800 | ' |
Total assets | 800 | ' |
Current liabilities | ' | ' |
Accounts payable and accrued liabilities | 60,160 | 57,795 |
Related party payables | 19,214 | 15,884 |
Total current liabilities | 79,374 | 73,679 |
Stockholders' deficit | ' | ' |
Preferred stock, $0.001 par value; 5,000,000 shares authorized, no shares issued or outstanding | ' | ' |
Common stock, $0.001 par value; 275,000,000 shares authorized; 156,311,131 issued and outstanding at December 31, 2013 and 2012 | 156,311 | 156,311 |
Additional paid in capital | 2,183,990 | 2,183,990 |
Other comprehensive income | 24 | 24 |
Deficit accumulated during the development stage | -2,418,899 | -2,414,004 |
Total stockholders' deficit | -78,574 | -73,679 |
Total liabilities and stockholders' deficit | $800 | ' |
Balance_Sheets_Parenthetical
Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Stockholders' deficit | ' | ' |
Preferred stock; par value | $0.00 | $0.00 |
Preferred stock; shares authorized | 5,000,000 | 5,000,000 |
Preferred stock; shares issued | 0 | 0 |
Preferred stock; shares outstanding | 0 | 0 |
Common stock; par value | $0.00 | $0.00 |
Common stock; shares authorized | 275,000,000 | 275,000,000 |
Common stock; shares issued | 156,311,131 | 156,311,131 |
Common stock; shares outstanding | 156,311,131 | 156,311,131 |
Statements_of_Operations
Statements of Operations (USD $) | 12 Months Ended | 83 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | |
Statements Of Operations | ' | ' | ' |
Revenue | $0 | $5,792 | $5,792 |
Operating expenses | ' | ' | ' |
General and administrative | ' | 4,571 | 10,570 |
Officer compensation | ' | ' | 159,006 |
Professional fees | 4,895 | 5,884 | 128,116 |
Total operating expenses | 4,895 | 10,455 | 297,692 |
Other income (expense) | ' | ' | ' |
Other income | ' | ' | 41 |
Interest expense | ' | -6 | -40 |
Impairment loss | ' | ' | -2,127,000 |
Total other income (expense) | ' | -6 | -2,126,999 |
Net loss applicable to common shareholders | -4,895 | -4,669 | -2,418,899 |
Other comprehensive loss | ' | ' | ' |
Foreign currency translation adjustment | ' | ' | 24 |
Total comprehensive loss | ($4,895) | ($4,669) | ($2,418,875) |
Basic and diluted loss per common share | $0 | $0 | ' |
Weighted average shares outstanding | 156,311,131 | 156,118,505 | ' |
Statement_of_Changes_in_Stockh
Statement of Changes in Stockholders' Equity (Deficit) (USD $) | Preferred Stock | Common Stock | Additional Paid-In Capital | Other comprehensive income (loss) | Accumulated Deficit | Total |
Beginning Balance, Amount at Jan. 17, 2007 | ' | ' | ' | ' | ' | ' |
Beginning Balance, Shares at Jan. 17, 2007 | ' | ' | ' | ' | ' | ' |
Common stock issued for cash, Shares | ' | 6,255,556 | ' | ' | ' | ' |
Common stock issued for cash, Amount | ' | 6,256 | 30,244 | ' | ' | 36,500 |
Donated capital | ' | ' | 200 | ' | ' | 200 |
Net loss | ' | ' | ' | ' | -7,507 | -7,507 |
Ending Balance, Amount at Dec. 31, 2007 | ' | 6,256 | 30,444 | ' | -7,507 | 29,193 |
Ending Balance, Shares at Dec. 31, 2007 | ' | 6,255,556 | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | -29,160 | -29,160 |
Ending Balance, Amount at Dec. 31, 2008 | ' | 6,256 | 30,444 | ' | -36,667 | 33 |
Ending Balance, Shares at Dec. 31, 2008 | ' | 6,255,556 | ' | ' | ' | ' |
Donated capital | ' | ' | 9,810 | ' | ' | 9,810 |
Repurchase of company stock and cancellation, Shares | ' | -4,777,778 | ' | ' | ' | ' |
Repurchase of company stock and cancellation, Amount | ' | -4,778 | 4,578 | ' | ' | -200 |
Net loss | ' | ' | ' | ' | -24,036 | -24,036 |
Ending Balance, Amount at Dec. 31, 2009 | ' | 1,478 | 44,832 | ' | -60,703 | -14,393 |
Ending Balance, Shares at Dec. 31, 2009 | ' | 1,477,778 | ' | ' | ' | ' |
Common stock issued for intangible asset, Shares | ' | 23,333,333 | ' | ' | ' | ' |
Common stock issued for intangible asset, Amount | ' | 23,333 | 2,076,667 | ' | ' | 2,100,000 |
Foreign currency translation | ' | ' | ' | -411 | ' | -411 |
Net loss | ' | ' | ' | ' | -2,264,478 | -2,264,478 |
Ending Balance, Amount at Dec. 31, 2010 | ' | 24,811 | 2,121,499 | -411 | -2,325,181 | -179,282 |
Ending Balance, Shares at Dec. 31, 2010 | ' | 24,811,111 | ' | ' | ' | ' |
Foreign currency translation | ' | ' | ' | 435 | ' | 435 |
Common stock issued for prepaid expense, Shares | ' | 24,000,000 | ' | ' | ' | ' |
Common stock issued for prepaid expense, Amount | ' | 24,000 | -7,000 | ' | ' | 17,000 |
Common stock issued for settlement of debt, Shares | ' | 6,000,000 | ' | ' | ' | ' |
Common stock issued for settlement of debt, Amount | ' | 6,000 | 140,991 | ' | ' | 146,991 |
Common stock issued for land purchase, Shares | ' | 100,000,000 | ' | ' | ' | ' |
Common stock issued for land purchase, Amount | ' | 100,000 | -90,000 | ' | ' | 10,000 |
Net loss | ' | ' | ' | ' | -84,154 | -84,154 |
Ending Balance, Amount at Dec. 31, 2011 | ' | 154,811 | 2,165,490 | 24 | -2,409,335 | -89,010 |
Ending Balance, Shares at Dec. 31, 2011 | ' | 154,811,111 | ' | ' | ' | ' |
Common stock issued for settlement of wages payable, Shares | ' | 1,500,020 | ' | ' | ' | ' |
Common stock issued for settlement of wages payable, Amount | ' | 1,500 | 18,500 | ' | ' | 20,000 |
Net loss | ' | ' | ' | ' | -4,669 | -4,669 |
Ending Balance, Amount at Dec. 31, 2012 | ' | 156,311 | 2,183,990 | 24 | -2,414,004 | -73,679 |
Ending Balance, Shares at Dec. 31, 2012 | ' | 156,311,131 | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | -4,895 | -4,895 |
Ending Balance, Amount at Dec. 31, 2013 | ' | $156,311 | $2,183,990 | $24 | ($2,418,899) | ($78,574) |
Ending Balance, Shares at Dec. 31, 2013 | ' | 156,311,131 | ' | ' | ' | ' |
Statements_of_Cash_Flows
Statements of Cash Flows (USD $) | 12 Months Ended | 83 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | |
Cash flows from operating activities | ' | ' | ' |
Net income (loss) | ($4,895) | ($4,669) | ($2,418,899) |
Adjustments to reconcile net income (loss) to net cash used in operating activities | ' | ' | ' |
Impairment loss | ' | ' | 2,127,000 |
Common stock issued for services | ' | ' | 140,000 |
Prepaid expense | -800 | ' | -800 |
Changes in operating assets and liabilities | ' | ' | ' |
Accounts payable and accrued liabilities | 2,365 | -6,898 | 85,141 |
Net cash provided by (used in) operating activities | -3,330 | -11,567 | -67,558 |
Net cash used in investing activities | ' | ' | ' |
Cash flows from financing activities | ' | ' | ' |
Proceeds from related party loans | 3,330 | 17,359 | 27,016 |
Repayments of related party loans | ' | -5,792 | -5,792 |
Contributed capital | ' | ' | 10,010 |
Proceeds from sale of stock | ' | ' | 36,500 |
Payment on cancelled shares | ' | ' | -200 |
Net cash provided by financing activities | 3,330 | 11,567 | 67,534 |
Effect of exchange rate on cash | ' | ' | 24 |
(Decrease) increase in cash | ' | ' | ' |
Cash at beginning of period | ' | ' | ' |
Cash at end of period | ' | ' | ' |
Non-Cash Investing Activities | ' | ' | ' |
Common stock issued for settlement of related party loan and wages payable | ' | 20,000 | 166,991 |
Common stock issued for prepaid expense | ' | ' | 17,000 |
Common stock issued for purchase of intangible asset | ' | ' | 2,100,000 |
Common stock issued for land acquisition | ' | ' | $10,000 |
Nature_of_Business
Nature of Business | 12 Months Ended |
Dec. 31, 2013 | |
Notes to Financial Statements | ' |
Note 1 - Nature of Business | ' |
The Company was organized January 17, 2007 (Date of Inception) under the laws of the State of Nevada, as DBL Senior Care, Inc. The Company subsequently changed its name on December 11, 2009 to Elemental Protective Coatings Corp, subsequently changed its name on January 27, 2011 to Bio-Carbon Solutions International, Inc., and more recently to NSU Resources Inc on October 31, 2011. The Company provides specialized advisory and value chain management services to those wishing to participate in the carbon development market, especially in the mining sector. The Company has limited operations and in accordance with FASB ASC 915-10, "Development Stage Entities," the Company is considered a development stage company. | |
The former business of the Company was to provide personal care services to elderly, physically disabled or other home-bound individuals suffering infirmity. During the year ended December 31, 2009, the board of directors changed the Company's focus toward the manufacture and sale of fire retardant products. Currently, the Company focuses on the licensing of certain technologies related to rare earth minerals mining. |
Significant_Accounting_Policie
Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2013 | |
Notes to Financial Statements | ' |
Note 2 - Significant Accounting Policies | ' |
Estimates | |
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | |
Cash | |
For the Statements of Cash Flows, all highly liquid investments with maturity of three months or less are considered to be cash equivalents. There were no cash equivalents as of December 31, 2013 or 2012. | |
Income taxes | |
Income taxes are provided for using the liability method of accounting in accordance with FASB ASC Topic 740 (formally SFAS No. 109 “Accounting for Income Taxes”). A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effect of changes in tax laws and rates on the date of enactment. | |
Revenue Recognition | |
Revenue is recognized when persuasive evidence of an agreement exists, the price is fixed or determinable, goods are delivered or services performed and collectability is reasonably assured. The Company generated revenues of $0 and $5,792 during the years ended December 31, 2013 and 2012. | |
Share Based Expenses | |
The Company complies with FASB ASC Topic 718 Compensation—Stock Compensation, which establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services. It also addresses transactions in which an entity incurs liabilities in exchange for goods or services that is based on the fair value of the entity’s equity instruments or that may be settled by the issuance of those equity instruments. FASB ASC Topic 718 primarily focuses on accounting for transactions in which an entity obtains employee services in share-based payment transactions. This statement requires a public entity to expense the cost of employee services received in exchange for an award of equity instruments. This statement also provides guidance on valuing and expensing these awards, as well as disclosure requirements of these equity arrangements. The Company adopted FASB ASC Topic 718 upon formation of the Company and expenses share based costs in the period incurred. | |
Going concern | |
The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern. This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company has no cash and no material assets, nor does it have operations or a source of revenue sufficient to cover its operation costs and allow it to continue as a going concern. The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan, or merge with an operating company. There can be no assurance that the Company will be successful in either situation in order to continue as a going concern. The officers and directors have committed to advancing certain operating costs of the Company. | |
Valuation of Investments in Securities and Securities at fair value – Definition and Hierarchy | |
FASB ASC 820-10-15 defines fair value, thereby eliminating inconsistencies in guidance found in various prior accounting pronouncements, and increases disclosures surrounding fair value calculations. FASB ASC 820-10-15 establishes a three-tiered fair value hierarchy that prioritizes inputs to valuation techniques used in fair value calculations. The three levels of inputs are defined as follows: | |
Level 1 – unadjusted quoted prices for identical assets or liabilities in active markets accessible by the Company at the measurement date. | |
Level 2 – inputs that are observable in the marketplace other than those inputs classified as Level 1 | |
Level 3 – inputs that are unobservable in the marketplace and significant to the valuation | |
The Company has no assets or liabilities that are required to be carried at fair value. Accounts payable and related party payables have fair values that approximate the carrying value due to the short term nature of these instruments. | |
Recent Accounting Pronouncements | |
The Company has reviewed recently updated accounting standards in order to determine their effects, if any, on its results of operations, financial position or cash flows. Based on that review, the Company believes that none of these standards will have a significant effect on its consolidated financial statements. | |
Net loss per common share | |
Net loss per share is calculated in accordance with FASB ASC Topic 260 (formerly SFAS No. 128, Earnings Per Share). The weighted-average number of common shares outstanding during each period is used to compute basic loss per share. Diluted loss per share is computed using the weighted average number of shares and dilutive potential common shares outstanding. Dilutive potential common shares are additional common shares assumed to be exercised. Basic net loss per common share is based on the weighted average number of shares of common stock outstanding during the periods presented. The Comopany as no common stock equivalents as of December 31, 2013 or 2012, respectively. | |
Stockholders_Equity
Stockholders' Equity | 12 Months Ended |
Dec. 31, 2013 | |
Notes to Financial Statements | ' |
Note 3 - Stockholders' Equity | ' |
Common stock | |
The authorized common stock of the Company consists of 275,000,000 shares with a par value of $0.001. The authorized preferred stock of the Company consists of 5,000,000 shares with a par value of $0.001. | |
Share Issuances | |
On July 7, 2009, the Board of Directors authorized and a majority of the stockholders of the Company ratified a forward stock split on a ten-for-one basis, resulting in a total of ten post-split shares for each pre-split share that was outstanding as of July 24, 2009. All references to share and per share information in the financial statements and related notes have been adjusted to reflect the stock split on a retroactive basis. | |
On January 17, 2007, the Company issued 5,555,556 shares of its par value common stock as founders' shares to two officers and directors in exchange for a subscription receivable in the amount of $5,000. The subscription receivable was satisfied on February 2, 2007, with a cash payment of $5,000. | |
On August 6, 2007, the Company issued an aggregate of 700,000 shares of its $0.001 par value common stock for total cash of $31,500 in a private placement pursuant to Regulation D, Rule 505, of the Securities Act of 1933, as amended. | |
On November 19, 2009, the Company repurchased and cancelled 4,777,778 shares of its common stock from two of its founding shareholders. | |
On November 8, 2010, the Company issued 23,333,333 shares of its common stock to purchase software technology valued at $2,100,000. | |
During the year ending December 31, 2011, the Company issued a total of 6,000,000 shares of its common stock in settlement of wages and loans payable to its former directors for total consideration of $146,991. | |
During the year ending December 31, 2011, the Company issued a total of 24,000,000 shares of its common stock valued at $17,000 as a prepayment for future royalties. | |
During the year ending December 31, 2011, the Company issued a total of 100,000,000 shares of its common stock valued at $10,000 as a purchase for gold rights. | |
During the year ending December 31, 2012, the Company issued a total of 1,500,000 shares of its common stock valued at $20,000 as settlement of wages payable to Mr. John Wilkes. | |
There were 156,311,131 common shares issued and outstanding at December 31, 2013 and 2012, respectively. | |
There have been no issuances of preferred stock since inception. |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Notes to Financial Statements | ' | ||||||||
Note 4 - Income Taxes | ' | ||||||||
We did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because we have experienced operating losses since inception. Pursuant to FASB ASC Topic 740, when it is more likely than not that a tax asset cannot be realized through future income, the Company must provide an allowance for this future tax benefit. We provided a full valuation allowance on the net deferred tax asset, consisting of net operating loss carry-forwards, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carry-forward period. | |||||||||
The sources and tax effects of the temporary differences for the periods presented are as follows: | |||||||||
31-Dec-13 | 31-Dec-12 | ||||||||
Net operating loss carry forward | $ | 291,899 | $ | 287,004 | |||||
Applicable Canadian Federal and Provincial tax rates | 26.5 | % | 26.5 | % | |||||
Deferred tax asset | 77,353 | 76,056 | |||||||
Valuation allowance | (77,353 | ) | (76,056 | ) | |||||
Net deferred tax asset | $ | - | $ | - | |||||
This represents an increase in the net operating loss carry forward of $4,895 and $4,669 for the years ended December 31, 2013 and 2012. A reconciliation of income taxes computed at the United States federal statutory rate of 35% to the income tax recorded is as follows: | |||||||||
31-Dec-13 | 31-Dec-12 | ||||||||
Tax at United States Federal statutory rate (35%) | $ | 1,713 | $ | 1,634 | |||||
Differences in U.S. and Canadian tax rates on provision | (416 | ) | (397 | ) | |||||
Increase in valuation allowance | (1,297 | ) | (1,237 | ) | |||||
Net deferred tax asset | $ | - | $ | - | |||||
This represents an increase in the valuation allowance of $1,297 and $1,237 for the years ended December 31, 2013 and 2012. The Company did not pay any income taxes during the years ended December 31, 2013 or 2012, or since inception. | |||||||||
The net federal operating loss carry forward will begin to expire in 2026. This carry forward may be limited upon the consummation of a business combination under IRC Section 381. |
Related_Party_Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2013 | |
Notes to Financial Statements | ' |
Note 5 - Related Party Transactions | ' |
During the years ended December 31, 2013 and 2012, the Company received loans from its officers totaling $3,330 and $17,359 to fund operations. These loans are non-interest bearing, are due on demand and as such included in current liabilities. Imputed interest has been considered, but determined to be immaterial to the financial statements as a whole. |
Subsequent_Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2013 | |
Notes to Financial Statements | ' |
Note 6 - Subsequent Events | ' |
The Company has evaluated subsequent events through the date of this filing and determined there are no material events to disclose. |
Significant_Accounting_Policie1
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Significant Accounting Policies Policies | ' |
Estimates | ' |
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | |
Cash | ' |
For the Statements of Cash Flows, all highly liquid investments with maturity of three months or less are considered to be cash equivalents. There were no cash equivalents as of December 31, 2013 or 2012. | |
Income taxes | ' |
Income taxes are provided for using the liability method of accounting in accordance with FASB ASC Topic 740 (formally SFAS No. 109 “Accounting for Income Taxes”). A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effect of changes in tax laws and rates on the date of enactment. | |
Revenue Recognition | ' |
Revenue is recognized when persuasive evidence of an agreement exists, the price is fixed or determinable, goods are delivered or services performed and collectability is reasonably assured. The Company generated revenues of $0 and $5,792 during the years ended December 31, 2013 and 2012. | |
Share Based Expenses | ' |
The Company complies with FASB ASC Topic 718 Compensation—Stock Compensation, which establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services. It also addresses transactions in which an entity incurs liabilities in exchange for goods or services that is based on the fair value of the entity’s equity instruments or that may be settled by the issuance of those equity instruments. FASB ASC Topic 718 primarily focuses on accounting for transactions in which an entity obtains employee services in share-based payment transactions. This statement requires a public entity to expense the cost of employee services received in exchange for an award of equity instruments. This statement also provides guidance on valuing and expensing these awards, as well as disclosure requirements of these equity arrangements. The Company adopted FASB ASC Topic 718 upon formation of the Company and expenses share based costs in the period incurred. | |
Going concern | ' |
The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern. This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company has no cash and no material assets, nor does it have operations or a source of revenue sufficient to cover its operation costs and allow it to continue as a going concern. The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan, or merge with an operating company. There can be no assurance that the Company will be successful in either situation in order to continue as a going concern. The officers and directors have committed to advancing certain operating costs of the Company. | |
Valuation of Investments in Securities and Securities at fair value - Definition and Hierarchy | ' |
FASB ASC 820-10-15 defines fair value, thereby eliminating inconsistencies in guidance found in various prior accounting pronouncements, and increases disclosures surrounding fair value calculations. FASB ASC 820-10-15 establishes a three-tiered fair value hierarchy that prioritizes inputs to valuation techniques used in fair value calculations. The three levels of inputs are defined as follows: | |
Level 1 – unadjusted quoted prices for identical assets or liabilities in active markets accessible by the Company at the measurement date. | |
Level 2 – inputs that are observable in the marketplace other than those inputs classified as Level 1 | |
Level 3 – inputs that are unobservable in the marketplace and significant to the valuation | |
The Company has no assets or liabilities that are required to be carried at fair value. Accounts payable and related party payables have fair values that approximate the carrying value due to the short term nature of these instruments. | |
Recent Accounting Pronouncements | ' |
The Company has reviewed recently updated accounting standards in order to determine their effects, if any, on its results of operations, financial position or cash flows. Based on that review, the Company believes that none of these standards will have a significant effect on its consolidated financial statements. | |
Net loss per common share | ' |
Net loss per share is calculated in accordance with FASB ASC Topic 260 (formerly SFAS No. 128, Earnings Per Share). The weighted-average number of common shares outstanding during each period is used to compute basic loss per share. Diluted loss per share is computed using the weighted average number of shares and dilutive potential common shares outstanding. Dilutive potential common shares are additional common shares assumed to be exercised. Basic net loss per common share is based on the weighted average number of shares of common stock outstanding during the periods presented. The Comopany as no common stock equivalents as of December 31, 2013 or 2012, respectively. |
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Income Taxes Tables | ' | ||||||||
Deferred income tax assets | ' | ||||||||
The sources and tax effects of the temporary differences for the periods presented are as follows: | |||||||||
31-Dec-13 | 31-Dec-12 | ||||||||
Net operating loss carry forward | $ | 291,899 | $ | 287,004 | |||||
Applicable Canadian Federal and Provincial tax rates | 26.5 | % | 26.5 | % | |||||
Deferred tax asset | 77,353 | 76,056 | |||||||
Valuation allowance | (77,353 | ) | (76,056 | ) | |||||
Net deferred tax asset | $ | - | $ | - | |||||
Income Taxes | ' | ||||||||
A reconciliation of income taxes computed at the United States federal statutory rate of 35% to the income tax recorded is as follows: | |||||||||
31-Dec-13 | 31-Dec-12 | ||||||||
Tax at United States Federal statutory rate (35%) | $ | 1,713 | $ | 1,634 | |||||
Differences in U.S. and Canadian tax rates on provision | (416 | ) | (397 | ) | |||||
Increase in valuation allowance | (1,297 | ) | (1,237 | ) | |||||
Net deferred tax asset | $ | - | $ | - |
Significant_Accounting_Policie2
Significant Accounting Policies (Details Narrative) (USD $) | 12 Months Ended | 83 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | |
Significant Accounting Policies Details Narrative | ' | ' | ' |
Revenues | $0 | $5,792 | $5,792 |
Stockholders_Equity_Details_Na
Stockholders' Equity (Details Narrative) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Stockholders Equity Details Narrative | ' | ' |
Common stock; par value | $0.00 | $0.00 |
Common stock; shares authorized | 275,000,000 | 275,000,000 |
Common stock; shares issued | 156,311,131 | 156,311,131 |
Common stock; shares outstanding | 156,311,131 | 156,311,131 |
Income_Taxes_Details
Income Taxes (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Income Taxes Details | ' | ' |
Net operating loss carry forward | $291,899 | $287,004 |
Applicable Canadian Federal and Provincial tax rates | 26.50% | 26.50% |
Deferred tax asset | 77,353 | 76,056 |
Valuation allowance | -77,353 | -76,056 |
Net deferred tax asset | ' | ' |
Income_Taxes_Details_1
Income Taxes (Details 1) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Income Taxes Details 1 | ' | ' |
Tax at United States Federal statutory rate (35%) | $1,713 | $1,634 |
Differences in U.S. and Canadian tax rates on provision | -416 | -397 |
Increase in valuation allowance | -1,297 | -1,237 |
Net deferred tax asset | ' | ' |
Income_Taxes_Details_Narrative
Income Taxes (Details Narrative) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Income Taxes Details Narrative | ' | ' |
Net operating loss carryforwards | $4,895 | $4,669 |
United States federal statutory rate | 35.00% | ' |
Net operating loss carryforwards, expiration date | '2026 | ' |
Related_Party_Transactions_Det
Related Party Transactions (Details Narrative) (USD $) | 12 Months Ended | 83 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | |
Related Party Transactions Details Narrative | ' | ' | ' |
Loan received from officers | $3,330 | $17,359 | $27,016 |