Document_And_Entity_Informatio
Document And Entity Information | 6 Months Ended | |
Dec. 31, 2014 | Feb. 20, 2015 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | Texas Jack Oil & Gas Corp | |
Document Type | 10-Q | |
Current Fiscal Year End Date | -24 | |
Entity Common Stock, Shares Outstanding | 25,972,000 | |
Amendment Flag | FALSE | |
Entity Central Index Key | 1598308 | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Smaller Reporting Company | |
Entity Well-known Seasoned Issuer | No | |
Document Period End Date | 31-Dec-14 | |
Document Fiscal Year Focus | 2015 | |
Document Fiscal Period Focus | Q2 |
CONDENSED_BALANCE_SHEETS
CONDENSED BALANCE SHEETS (USD $) | Dec. 31, 2014 | Jun. 30, 2014 |
Current assets | ||
Cash | $1,785 | $5,874 |
Total Current Assets | 1,785 | 5,874 |
Loan receivable - officer | 12,466 | 53,880 |
Right on mine property | 165,000 | 165,000 |
Total Assets | 179,251 | 224,754 |
Current liabilities | ||
Notes payable | 67,000 | 72,000 |
Note payable - related party | 71,000 | 0 |
Accounts payable and accrued expenses | 48,238 | 36,384 |
Accrued interest - related party | 9,666 | 6,833 |
Total current liabilities | 195,904 | 115,217 |
Non-Current liabilities | ||
Note payable - related party | 0 | 71,000 |
Total non-current liabilities | 0 | 71,000 |
Total Liabilities | 195,904 | 186,217 |
Commitments and contingencies | ||
Stockholders' (deficit) equity | ||
Preferred stock, $0.001 par value, 10,000,000 shares authorized | 0 | 0 |
Common stock, $0.001 par value, 60,000,000 shares authorized, 24,592,000 and 23,400,000 shares issued and outstanding as of December 31, 2014 and June 30, 2014, respectively | 24,592 | 23,400 |
Additional paid in capital | 268,008 | 150,000 |
Accumulated deficit | -309,253 | -134,863 |
Total stockholders' (deficit) equity | -16,653 | 38,537 |
Total liabilities and stockholders' (deficit) equity | $179,251 | $224,754 |
CONDENSED_BALANCE_SHEETS_Paren
CONDENSED BALANCE SHEETS (Parentheticals) (USD $) | Dec. 31, 2014 | Jun. 30, 2014 |
Preferred stock, par value (in Dollars per share) | $0.00 | $0.00 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Common stock, par value (in Dollars per share) | $0.00 | $0.00 |
Common stock, shares authorized | 60,000,000 | 60,000,000 |
Common stock, shares issued | 24,592,000 | 23,400,000 |
Common stock, shares outstanding | 24,592,000 | 23,400,000 |
CONDENSED_STATEMENTS_OF_OPERAT
CONDENSED STATEMENTS OF OPERATIONS (Unaudited) (USD $) | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | |
Revenue | $0 | $2,122 | $0 | $3,697 |
Operating expenses: | ||||
Selling, general and administrative expenses | 46,862 | 3,178 | 169,345 | 34,298 |
Total operating expenses | 46,862 | 3,178 | 169,345 | 34,298 |
Net Operating Loss | -46,862 | -1,056 | -169,345 | -30,601 |
Other expense | ||||
Interest expense | 2,518 | 2,037 | 5,045 | 4,046 |
Total other expenses | 2,518 | 2,037 | 5,045 | 4,046 |
Loss before provision for income taxes | -49,380 | -3,093 | -174,390 | -34,647 |
Provision for income taxes | 0 | 0 | 0 | 0 |
Net income (loss) | ($49,380) | ($3,093) | ($174,390) | ($34,647) |
Net income (loss) per share - basic (in Dollars per share) | $0 | $0 | ($0.01) | $0 |
Net income (loss) per share - diluted (in Dollars per share) | $0 | $0 | ($0.01) | $0 |
Weighted average shares outstanding - basic (in Shares) | 24,408,739 | 23,000,000 | 24,152,087 | 23,000,000 |
Weighted average shares outstanding - diluted (in Shares) | 24,408,739 | 23,000,000 | 24,152,087 | 23,000,000 |
CONDENSED_STATEMENTS_OF_CASH_F
CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (USD $) | 6 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net loss | ($174,390) | ($34,647) |
Changes in assets and liabilities: | ||
Loan receivable - officer | 41,414 | 0 |
Accrued interest - related party | 2,833 | -3,787 |
Accounts payable and accrued expenses | 11,854 | 2,833 |
Net cash used in operating activities | -118,289 | -35,601 |
CASH FLOWS FROM INVESTING ACTIVITIES | 0 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceeds from issuance of private placement | 119,200 | 0 |
Payments to officer under note receivable | 0 | -10,700 |
Proceed from issuance of promissory notes | 0 | 5,000 |
Repayments of promissory notes | -5,000 | 0 |
Net cash provided by (used in) financing activities | 114,200 | -5,700 |
Net decrease in cash and cash equivalents | -4,089 | -41,301 |
Cash and cash equivalents at beginning of period | 5,874 | 42,681 |
Cash and cash equivalents at end of period | 1,785 | 1,380 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
Interest paid | 0 | 0 |
Income taxes paid | $0 | $0 |
NOTE_1_SIGNIFICANT_ACCOUNTING_
NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
Dec. 31, 2014 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies [Text Block] | NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES |
A summary of the significant accounting policies applied in the presentation of the accompanying unaudited condensed consolidated financial statements follows: | |
General | |
The interim condensed consolidated financial statements included herein have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) as promulgated in Item 210 of Regulation S-X. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) have been condensed or omitted pursuant to such SEC rules and regulations. | |
In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The results from operations for the three and six month periods ended December 31, 2014, are not necessarily indicative of the results that may be expected for the year ending June 30, 2015. The unaudited financial statements should be read in conjunction with the financial statements and footnotes thereto for the year ended June 30, 2014, included in the Company’s Form 10-K filed with the SEC on September 30, 2014. | |
Business and Basis of Presentation | |
Texas Jack Oil & Gas Corporation (the “Company”), was incorporated on March 7, 2013 under the laws of the State of Nevada. The Company is headquartered in California and was organized for the purpose of exploration of Oil and Gas. | |
As the Company is devoting substantially all of its efforts to establishing a new business, and planned principal operations have not yet commenced. To date, the Company, has not generated sales revenues, has incurred expenses and has sustained losses since inception and expects these conditions to continue for the foreseeable future. Consequently, its operations are subject to all the risks inherent in the establishment of a new business enterprise. | |
The above factors raise substantial doubt as to the Company's ability to continue as a going concern. The accompanying unaudited condensed financial statements have been prepared assuming that the Company will continue as a going concern and do not include any adjustments that may result from the outcome of this uncertainty. | |
Revenue Recognition | |
The Company will recognize revenue in accordance with Accounting Standards Codification subtopic 605-10, Revenue Recognition (“ASC 605-10”) which requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. | |
The Company will account for Multiple-Element Arrangements under ASC 605-10 which incorporates Accounting Standards Codification subtopic 605-25, Multiple-Element Arrangements (“ASC 605-25”). ASC 605-25 addresses accounting for arrangements that may involve the delivery or performance of multiple products, services and/or rights to use assets. | |
Estimates | |
The preparation of unaudited condensed financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures 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. | |
Net Income (Loss) per Share | |
The Company computes earnings per share under Accounting Standards Codification subtopic 260-10, Earnings Per Share (“ASC 260-10”). Net earnings (losses) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and dilutive common stock equivalents outstanding during the period. Dilutive common stock equivalents consisted of shares issuable upon the exercise of the Company's outstanding warrants (calculated using the treasury stock method) for the three and six months ended December 31, 2014; there were no common stock equivalents for the three and six months ended December 31, 2014. | |
Reliance on Key Personnel and Consultants | |
The Company has no full-time employees and no part-time employees. There are approximately 2 consultants performing various specialized services. The Company is heavily dependent on the continued active participation of these current executive officers, and key consultants. The loss of any of the senior management or key consultants could significantly and negatively impact the business until adequate replacements can be identified and put in place. | |
Recent Accounting Pronouncements | |
There were various updates recently issued, most of which represented technical corrections to the accounting literature or application to specific industries and are not expected to a have a material impact on the Company’s financial position, results of operations or cash flows. | |
NOTE_2_GOING_CONCERN_MATTERS
NOTE 2 - GOING CONCERN MATTERS | 6 Months Ended |
Dec. 31, 2014 | |
Going Concern Disclosure [Abstract] | |
Going Concern Disclosure [Text Block] | NOTE 2 – GOING CONCERN MATTERS |
The accompanying unaudited condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying financial statements during the six months ended December 31, 2014, the Company incurred net losses attributable to common stockholders of $174,390, has negative working capital (current liabilities minus current assets) of $194,119 as of December 31, 2014 and used $118,289 in cash for operating activities for the six months ended December 31, 2014. In addition, the Company has yet commercialized its planned business and has generated very little revenues since inception. These factors among others raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time. | |
The Company's existence is dependent upon management's ability to develop profitable operations. Additional capital will be needed to continue developing its products and services and there can be no assurance that the Company's efforts will be successful. There is no assurance that can be given that management's actions will result in profitable operations or the resolution of its liquidity problems. The accompanying unaudited condensed financial statements do not include any adjustments that might result should the Company be unable to continue as a going concern. | |
NOTE_3_ACCOUNTS_PAYABLE_AND_AC
NOTE 3 - ACCOUNTS PAYABLE AND ACCRUED LIABILITIES | 6 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Payables and Accruals [Abstract] | |||||||||
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | NOTE 3 – ACCOUNTS PAYABLE AND ACCRUED LIABILITIES | ||||||||
As of December 31, 2014 and June 30, 2014 accounts payable and accrued liabilities consisted of the following: | |||||||||
December 31, | June 30, | ||||||||
2014 | 2014 | ||||||||
Accounts Payable | $ | 16,042 | $ | - | |||||
Accrued Expenses - Consulting | 27,358 | 33,758 | |||||||
Accrued Interest | 4,838 | 2,626 | |||||||
Accounts Payable and Accrued Liabilities | $ | 48,238 | $ | 36,384 | |||||
NOTE_4_RELATED_PARTY_TRANSACTI
NOTE 4 - RELATED PARTY TRANSACTIONS | 6 Months Ended |
Dec. 31, 2014 | |
Related Party Transactions [Abstract] | |
Related Party Transactions Disclosure [Text Block] | NOTE 4 – RELATED PARTY TRANSACTIONS |
The Company’s officer and shareholder has borrowed $102,200, net of repayments of $5,720 since the Company’s inception in March 2013. These are interest free advances. During the six months ended December 31, 2014 the Company reclassified $83,980 of this receivable as officer compensation. As of December 31, 2014 the Company has receivables in the amount of $12,466 due from the officer and shareholder. | |
In March 2013, the Company issued 15,000,000 of shares to the founder of the Company, for purchase of an interest in a mine property valued at $165,000, which was the original cost to the founder. The mine interest was assigned to the Company on May 1, 2013 through a partial assignment agreement. The Company also presently owns a 3% percent working lease interest in one well located in Jack County, Texas. | |
NOTE_5_PROMISSORY_NOTE_SHAREHO
NOTE 5 - PROMISSORY NOTE- SHAREHOLDER | 6 Months Ended |
Dec. 31, 2014 | |
Disclosure Text Block [Abstract] | |
Long-term Debt [Text Block] | NOTE 5 – PROMISSORY NOTE - SHAREHOLDER |
On April 15, 2013, the Company received $71,000 on issuance of 8% unsecured promissory note from a shareholder, which was originally due on April 15, 2014; in May 2014 this note was extended to October 1, 2015. Total interest expense for the six months ended December 31, 2014 and 2013 on the above note was $2,833 and $2,833, respectively; and for the three months ended December 31, 2014 and 2013 was $1,432 and $1,432, respectively. Total accrued interest as of December 31, 2014 and June 30, 2014 is $9,666 and $6,833, respectively. The default rate of interest is 1.5% per month. On February 6, 2015 the lender agreed to convert the principal balance of the note into 710,000 shares of the Company’s common stock. The note holder agreed to forgo any interest payments due. | |
NOTE_6_PROMISSORY_NOTE
NOTE 6 - PROMISSORY NOTE | 6 Months Ended |
Dec. 31, 2014 | |
Debt Disclosure [Abstract] | |
Debt Disclosure [Text Block] | NOTE 6 – PROMISSORY NOTE |
On June 7, 2013, the Company received $40,000 on issuance of 5% unsecured promissory note, which was originally due on November 30, 2013. The maturity date was extended to June 1, 2014 and subsequently extended to December 31, 2014. During the six months ended December 31, 2014 the company repaid $5,000 in principal on this note. As of December 31, 2014 the balance on this note was $35,000. During the six months ended December 31, 2014 and 2013, the Company recorded interest expense of $922 and $1,112, respectively; and during the three months ended December 31, 2014 and 2013, recorded interest expense of $441 and $504, respectively, on this note. Total accrued interest as of December 31, 2014 and June 30, 2014 is $3,026 and $2,104, respectively. The note was not repaid at maturity. On February 6, 2015 the lender agreed to convert the principal balance of the note into 350,000 shares of the Company’s common stock. The note holder agreed to forgo any interest payments due. | |
On September 5, 2013, the Company received $5,000 on issuance of an 8% unsecured promissory note, which was originally due on September 5, 2014. The maturity date was extended to December 5, 2014. Default rate of interest is 1.5% per month. During six months ended December 31, 2014 and 2013, the Company recorded interest expense of $202 and $101, respectively; and during the three months ended December 31, 2014 and 2013, recorded interest expense of $101 and $101, respectively, on this note. Total accrued interest as of December 31, 2014 and June 30, 2014 is $502 and $300, respectively. The note was not repaid at maturity. On February 6, 2015 the lender agreed to convert the principal balance of the note into 50,000 shares of the Company’s common stock. The note holder agreed to forgo any interest payments due. | |
On May 22, 2014, the Company received $25,000 on issuance of an 8% unsecured promissory note, which is due on May 22 2015. Default rate of interest is 1.5% per month. During six months ended December 31, 2014 and 2013, the Company recorded interest expense of $1,008 and $0, respectively; and during the three months ended December 31, 2014 and 2013, recorded interest expense of $504 and $0, respectively, on this note. Total accrued interest as of December 31, 2014 and June 30, 2014 is $1,222 and $214, respectively. On February 6, 2015 the lender agreed to convert the principal balance of the note into 250,000 shares of the Company’s common stock. The note holder agreed to forgo any interest payments due. | |
On June 12, 2014, the Company received $2,000 on issuance of an 8% unsecured promissory note, which is due on June 12, 2015. Default rate of interest is 1.5% per month. During the six months ended December 31, 2014 and 2013, the Company recorded interest expense of $80 and $0, respectively; and during the three months ended December 31, 2014 and 2013, recorded interest expense of $40 and $0, respectively, on this note. Total accrued interest as of December 31, 2014 and June 30, 2014 is $88 and $8, respectively. On February 6, 2015 the lender agreed to convert the principal balance of the note into 20,000 shares of the Company’s common stock. The note holder agreed to forgo any interest payments due. | |
NOTE_7_STOCKHOLDERS_EQUITY
NOTE 7 - STOCKHOLDERS EQUITY | 6 Months Ended |
Dec. 31, 2014 | |
Stockholders' Equity Note [Abstract] | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 7 – STOCKHOLDERS EQUITY |
Preferred stock | |
The Company has authorized 10,000,000 shares of preferred stock, with a par value of $0.001 per share. As December 31, 2014 and June 30, 2014, the Company has no shares of preferred stock issued and outstanding. | |
Common stock | |
The Company has authorized 60,000,000 shares of common stock, with a par value of $0.001 per share. As of December 31, 2014 and June 30, 2014, the Company had 24,592,000 and 23,400,000 shares of common stock issued and outstanding, respectively. | |
On January 15, 2014 the Company sold 400,000 shares of common stock for $400. | |
During the six months ended December 31, 2014, as part of a private placement, the Company received proceeds of $119,200 for the sale of 1,192,000 shares of common stock at a price of $0.10 per share. | |
NOTE_8_COMMITMENTS_AND_CONTING
NOTE 8 - COMMITMENTS AND CONTINGENCIES | 6 Months Ended |
Dec. 31, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 8 – COMMITMENTS AND CONTINGENCIES |
Leases Obligations | |
As of December 31, 2014, the Company does not lease space for offices or operations. | |
Consulting Agreement | |
In March 2013, the Company entered into one year investor relation service agreement which expires March 2014, for the annual flat rate of $55,000. The service agreement was renewed and expires March 1, 2015. During the six months ended December 31, 2014 the Company recognized $27,500 in expense related to this agreement and has included $26,258 and $33,758 in accrued liabilities as of December 31, 2014 and June 30, 2014, respectively. | |
On July 1, 2014, the Company entered into one year investor relation service agreement which expires June 30. 2015, for the annual flat rate of $25,000. During the six months ended December 31, 2014 the Company recognized $12,500 in expense related to this agreement and has included $1,100 and $0 in accrued liabilities as of December 31, 2014 and June 30, 2014, respectively. | |
NOTE_9_SUBSEQUENT_EVENTS
NOTE 9 - SUBSEQUENT EVENTS | 6 Months Ended |
Dec. 31, 2014 | |
Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | NOTE 9 – SUBSEQUENT EVENTS |
On February 6, 2015 the Company agreed to convert the principal outstanding balance of five promissory notes into shares of common stock at a rate of $0.10 per share. As part of the conversion the note holders agreed to forgo any interest payments due. The Company issued 1,380,000 shares of common stock for the extinguishment of notes payable in the amount of $138,000. | |
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 6 Months Ended |
Dec. 31, 2014 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Business and Basis of Presentation |
Texas Jack Oil & Gas Corporation (the “Company”), was incorporated on March 7, 2013 under the laws of the State of Nevada. The Company is headquartered in California and was organized for the purpose of exploration of Oil and Gas. | |
As the Company is devoting substantially all of its efforts to establishing a new business, and planned principal operations have not yet commenced. To date, the Company, has not generated sales revenues, has incurred expenses and has sustained losses since inception and expects these conditions to continue for the foreseeable future. Consequently, its operations are subject to all the risks inherent in the establishment of a new business enterprise. | |
The above factors raise substantial doubt as to the Company's ability to continue as a going concern. The accompanying unaudited condensed financial statements have been prepared assuming that the Company will continue as a going concern and do not include any adjustments that may result from the outcome of this uncertainty. | |
Revenue Recognition, Policy [Policy Text Block] | Revenue Recognition |
The Company will recognize revenue in accordance with Accounting Standards Codification subtopic 605-10, Revenue Recognition (“ASC 605-10”) which requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. | |
The Company will account for Multiple-Element Arrangements under ASC 605-10 which incorporates Accounting Standards Codification subtopic 605-25, Multiple-Element Arrangements (“ASC 605-25”). ASC 605-25 addresses accounting for arrangements that may involve the delivery or performance of multiple products, services and/or rights to use assets. | |
Use of Estimates, Policy [Policy Text Block] | Estimates |
The preparation of unaudited condensed financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures 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. | |
Earnings Per Share, Policy [Policy Text Block] | Net Income (Loss) per Share |
The Company computes earnings per share under Accounting Standards Codification subtopic 260-10, Earnings Per Share (“ASC 260-10”). Net earnings (losses) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and dilutive common stock equivalents outstanding during the period. Dilutive common stock equivalents consisted of shares issuable upon the exercise of the Company's outstanding warrants (calculated using the treasury stock method) for the three and six months ended December 31, 2014; there were no common stock equivalents for the three and six months ended December 31, 2014. | |
Reliance on Key Personnel and Consultants [Policy Text Block] | Reliance on Key Personnel and Consultants |
The Company has no full-time employees and no part-time employees. There are approximately 2 consultants performing various specialized services. The Company is heavily dependent on the continued active participation of these current executive officers, and key consultants. The loss of any of the senior management or key consultants could significantly and negatively impact the business until adequate replacements can be identified and put in place. | |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements |
There were various updates recently issued, most of which represented technical corrections to the accounting literature or application to specific industries and are not expected to a have a material impact on the Company’s financial position, results of operations or cash flows. |
NOTE_3_ACCOUNTS_PAYABLE_AND_AC1
NOTE 3 - ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables) | 6 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Payables and Accruals [Abstract] | |||||||||
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] | As of December 31, 2014 and June 30, 2014 accounts payable and accrued liabilities consisted of the following: | ||||||||
December 31, | June 30, | ||||||||
2014 | 2014 | ||||||||
Accounts Payable | $ | 16,042 | $ | - | |||||
Accrued Expenses - Consulting | 27,358 | 33,758 | |||||||
Accrued Interest | 4,838 | 2,626 | |||||||
Accounts Payable and Accrued Liabilities | $ | 48,238 | $ | 36,384 |
NOTE_2_GOING_CONCERN_MATTERS_D
NOTE 2 - GOING CONCERN MATTERS (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | |
Going Concern Disclosure [Abstract] | ||||
Net Income (Loss) Attributable to Parent | ($49,380) | ($3,093) | ($174,390) | ($34,647) |
Working Capital (Deficit) | -194,119 | -194,119 | ||
Net Cash Provided by (Used in) Operating Activities | ($118,289) | ($35,601) |
NOTE_3_ACCOUNTS_PAYABLE_AND_AC2
NOTE 3 - ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) - Schedule of Accounts Payable and Accrued Liabilities (USD $) | Dec. 31, 2014 | Jun. 30, 2014 |
Schedule of Accounts Payable and Accrued Liabilities [Abstract] | ||
Accounts Payable | $16,042 | $0 |
Accrued Expenses - Consulting | 27,358 | 33,758 |
Accrued Interest | 4,838 | 2,626 |
Accounts Payable and Accrued Liabilities | $48,238 | $36,384 |
NOTE_4_RELATED_PARTY_TRANSACTI1
NOTE 4 - RELATED PARTY TRANSACTIONS (Details) (USD $) | 6 Months Ended | 1 Months Ended | 0 Months Ended | 22 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 | Mar. 10, 2013 | Dec. 31, 2014 | Jun. 30, 2014 | |
NOTE 4 - RELATED PARTY TRANSACTIONS (Details) [Line Items] | ||||||
Origination of Notes Receivable from Related Parties | $0 | $10,700 | ||||
Notes Receivable, Related Parties, Current | 12,466 | 12,466 | 53,880 | |||
Chief Executive Officer [Member] | Amount of Loans Receivable Reclassified as Officer Compensation [Member] | ||||||
NOTE 4 - RELATED PARTY TRANSACTIONS (Details) [Line Items] | ||||||
Related Party Transaction, Amounts of Transaction | 83,980 | |||||
Chief Executive Officer [Member] | Stock Issued for Interest in Mine Property [Member] | ||||||
NOTE 4 - RELATED PARTY TRANSACTIONS (Details) [Line Items] | ||||||
Stock Issued During Period, Shares, Purchase of Assets (in Shares) | 15,000,000 | |||||
Stock Issued During Period, Value, Purchase of Assets | 165,000 | |||||
Working Interest in Oil and Gas, Percentage | 3.00% | |||||
Productive Oil Wells, Number of Wells, Gross | 1 | |||||
Chief Executive Officer [Member] | ||||||
NOTE 4 - RELATED PARTY TRANSACTIONS (Details) [Line Items] | ||||||
Origination of Notes Receivable from Related Parties | 102,200 | |||||
Repayment of Notes Receivable from Related Parties | $5,720 |
NOTE_5_PROMISSORY_NOTE_SHAREHO1
NOTE 5 - PROMISSORY NOTE- SHAREHOLDER (Details) (USD $) | 0 Months Ended | 3 Months Ended | 6 Months Ended | |||||
Feb. 06, 2015 | 1-May-14 | Apr. 15, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | |
NOTE 5 - PROMISSORY NOTE- SHAREHOLDER (Details) [Line Items] | ||||||||
Due to Related Parties, Current | $9,666 | $9,666 | $6,833 | |||||
Investor [Member] | Subsequent Event [Member] | Loans Payable [Member] | ||||||||
NOTE 5 - PROMISSORY NOTE- SHAREHOLDER (Details) [Line Items] | ||||||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 710,000 | |||||||
Investor [Member] | Loans Payable [Member] | ||||||||
NOTE 5 - PROMISSORY NOTE- SHAREHOLDER (Details) [Line Items] | ||||||||
Debt Instrument, Face Amount | 71,000 | |||||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | |||||||
Debt Instrument, Maturity Date | 1-Oct-15 | 15-Apr-14 | ||||||
Interest Expense, Debt | $1,432 | $1,432 | $2,833 | $2,833 | ||||
Debt Instrument, Default Interest Rate, Stated Percentage | 1.50% | |||||||
Subsequent Event [Member] | ||||||||
NOTE 5 - PROMISSORY NOTE- SHAREHOLDER (Details) [Line Items] | ||||||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 1,380,000 |
NOTE_6_PROMISSORY_NOTE_Details
NOTE 6 - PROMISSORY NOTE (Details) (USD $) | 6 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | ||||||
Dec. 31, 2014 | Dec. 31, 2013 | Feb. 06, 2015 | Jun. 07, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Sep. 05, 2013 | 22-May-14 | Jun. 12, 2014 | Jun. 30, 2014 | |
NOTE 6 - PROMISSORY NOTE (Details) [Line Items] | ||||||||||
Repayments of Notes Payable | $5,000 | $0 | ||||||||
Notes Payable, Current | 67,000 | 67,000 | 72,000 | |||||||
Interest Payable, Current | 4,838 | 4,838 | 2,626 | |||||||
Loans Payable [Member] | Subsequent Event [Member] | Unsecured Promissory Note June 7, 2013 [Member] | ||||||||||
NOTE 6 - PROMISSORY NOTE (Details) [Line Items] | ||||||||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 350,000 | |||||||||
Loans Payable [Member] | Subsequent Event [Member] | Unsecured Promissory Note September 5, 2013 [Member] | ||||||||||
NOTE 6 - PROMISSORY NOTE (Details) [Line Items] | ||||||||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 50,000 | |||||||||
Loans Payable [Member] | Subsequent Event [Member] | Unsecured Promissory Note May 22, 2014 [Member] | ||||||||||
NOTE 6 - PROMISSORY NOTE (Details) [Line Items] | ||||||||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 250,000 | |||||||||
Loans Payable [Member] | Subsequent Event [Member] | Unsecurred Promissory Note June 12, 2014 [Member] | ||||||||||
NOTE 6 - PROMISSORY NOTE (Details) [Line Items] | ||||||||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 20,000 | |||||||||
Loans Payable [Member] | Unsecured Promissory Note June 7, 2013 [Member] | ||||||||||
NOTE 6 - PROMISSORY NOTE (Details) [Line Items] | ||||||||||
Debt Instrument, Face Amount | 40,000 | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 5.00% | |||||||||
Debt Instrument, Maturity Date | 31-Dec-14 | |||||||||
Notes Payable, Current | 35,000 | 35,000 | ||||||||
Interest Expense, Debt | 922 | 1,112 | 441 | 504 | ||||||
Interest Payable, Current | 3,026 | 3,026 | 2,104 | |||||||
Loans Payable [Member] | Unsecured Promissory Note September 5, 2013 [Member] | ||||||||||
NOTE 6 - PROMISSORY NOTE (Details) [Line Items] | ||||||||||
Debt Instrument, Face Amount | 5,000 | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | |||||||||
Debt Instrument, Maturity Date | 5-Dec-14 | |||||||||
Interest Expense, Debt | 202 | 101 | 101 | 101 | ||||||
Interest Payable, Current | 502 | 502 | 300 | |||||||
Debt Instrument, Default Interest Rate, Stated Percentage | 1.50% | |||||||||
Loans Payable [Member] | Unsecured Promissory Note May 22, 2014 [Member] | ||||||||||
NOTE 6 - PROMISSORY NOTE (Details) [Line Items] | ||||||||||
Debt Instrument, Face Amount | 25,000 | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | |||||||||
Debt Instrument, Maturity Date | 22-May-15 | |||||||||
Interest Expense, Debt | 1,008 | 0 | 504 | 0 | ||||||
Interest Payable, Current | 1,222 | 1,222 | 214 | |||||||
Debt Instrument, Default Interest Rate, Stated Percentage | 1.50% | |||||||||
Loans Payable [Member] | Unsecurred Promissory Note June 12, 2014 [Member] | ||||||||||
NOTE 6 - PROMISSORY NOTE (Details) [Line Items] | ||||||||||
Debt Instrument, Face Amount | 2,000 | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | |||||||||
Debt Instrument, Maturity Date | 12-Jun-15 | |||||||||
Interest Expense, Debt | 80 | 0 | 40 | 0 | ||||||
Interest Payable, Current | $88 | $88 | $8 | |||||||
Debt Instrument, Default Interest Rate, Stated Percentage | 1.50% | |||||||||
Subsequent Event [Member] | ||||||||||
NOTE 6 - PROMISSORY NOTE (Details) [Line Items] | ||||||||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 1,380,000 |
NOTE_7_STOCKHOLDERS_EQUITY_Det
NOTE 7 - STOCKHOLDERS EQUITY (Details) (USD $) | 0 Months Ended | 6 Months Ended | ||
Jan. 15, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | |
Stockholders' Equity Note [Abstract] | ||||
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 | ||
Preferred Stock, Par or Stated Value Per Share (in Dollars per share) | $0.00 | $0.00 | ||
Preferred Stock, Shares Issued | 0 | 0 | ||
Preferred Stock, Shares Outstanding | 0 | 0 | ||
Common Stock, Shares Authorized | 60,000,000 | 60,000,000 | ||
Common Stock, Par or Stated Value Per Share (in Dollars per share) | $0.00 | $0.00 | ||
Common Stock, Shares, Issued | 24,592,000 | 23,400,000 | ||
Common Stock, Shares, Outstanding | 24,592,000 | 23,400,000 | ||
Stock Issued During Period, Shares, New Issues | 400,000 | 1,192,000 | ||
Proceeds from Issuance of Common Stock (in Dollars) | $400 | |||
Proceeds from Issuance of Private Placement (in Dollars) | $119,200 | $0 | ||
Sale of Stock, Price Per Share (in Dollars per share) | $0.10 |
NOTE_8_COMMITMENTS_AND_CONTING1
NOTE 8 - COMMITMENTS AND CONTINGENCIES (Details) (USD $) | 1 Months Ended | 6 Months Ended | 0 Months Ended | |
Mar. 31, 2013 | Dec. 31, 2014 | Jul. 01, 2014 | Jun. 30, 2014 | |
NOTE 8 - COMMITMENTS AND CONTINGENCIES (Details) [Line Items] | ||||
Accrued Professional Fees, Current | $27,358 | $33,758 | ||
Consulting Agreement [Member] | ||||
NOTE 8 - COMMITMENTS AND CONTINGENCIES (Details) [Line Items] | ||||
Other Commitments, Description | Company entered into one year investor relation service agreement which expires March 2014, for the annual flat rate of $55,000. The service agreement was renewed and expires March 1, 2015. | |||
Other Commitment | 55,000 | |||
Professional and Contract Services Expense | 27,500 | |||
Accrued Professional Fees, Current | 26,258 | |||
Investor Relation Service Agreement [Member] | ||||
NOTE 8 - COMMITMENTS AND CONTINGENCIES (Details) [Line Items] | ||||
Other Commitments, Description | Company entered into one year investor relation service agreement which expires June 30. 2015, for the annual flat rate of $25,000. | |||
Other Commitment | 25,000 | |||
Professional and Contract Services Expense | 12,500 | |||
Accrued Professional Fees, Current | $1,100 | $0 |
NOTE_9_SUBSEQUENT_EVENTS_Detai
NOTE 9 - SUBSEQUENT EVENTS (Details) (Subsequent Event [Member], USD $) | 0 Months Ended | |
Feb. 06, 2015 | Feb. 06, 2015 | |
Subsequent Event [Member] | ||
NOTE 9 - SUBSEQUENT EVENTS (Details) [Line Items] | ||
Debt Instrument, Convertible, Conversion Price | $0.10 | $0.10 |
Debt Conversion, Converted Instrument, Shares Issued | 1,380,000 | |
Debt Conversion, Original Debt, Amount | $138,000 |