NEW COLOMBIA RESOURCES INC

CIK:0000772370|SEC Filings

Consolidated Statements Of Operations (USD $)	3 Months Ended
Consolidated Statements Of Operations (USD $)	Mar. 31, 2015	Mar. 31, 2014
REVENUE:
Revenues	$ 0us-gaap_Revenues	$ 0us-gaap_Revenues
Operating Expenses
Geology and engineering	2,665fil_GeologyAndEngineering	0fil_GeologyAndEngineering
Royalty expense	19,250us-gaap_RoyaltyExpense	0us-gaap_RoyaltyExpense
Depreciation expense	669us-gaap_Depreciation	669us-gaap_Depreciation
General and administrative	264,071us-gaap_GeneralAndAdministrativeExpense	105,359us-gaap_GeneralAndAdministrativeExpense
Total Operating Expenses	286,655us-gaap_OperatingExpenses	106,028us-gaap_OperatingExpenses
Loss from Operations	(286,655)us-gaap_OperatingIncomeLoss	(106,028)us-gaap_OperatingIncomeLoss
Loss on settlement of debt	0fil_LossOnSettlementOfDebt2	7,500fil_LossOnSettlementOfDebt2
Interest expense	64,193us-gaap_InterestExpense	427us-gaap_InterestExpense
Gain on derivatives	(2,325)us-gaap_DerivativeGainOnDerivative	0us-gaap_DerivativeGainOnDerivative
Loss from equity investment	11,570	0
Net loss	(360,093)us-gaap_NetIncomeLoss	(113,955)us-gaap_NetIncomeLoss
Net loss attributable to non-controlling interest	3,942	0
Net loss attributable to New Columbia Resources, Inc.	$ (356,151)	$ (113,955)
Basic and diluted loss per share	$ 0.00us-gaap_EarningsPerShareBasicAndDiluted	$ 0.00us-gaap_EarningsPerShareBasicAndDiluted
Weighted average number of shares outstanding-basic and diluted	132,252,568	83,016,809

Consolidated Statements Of Cash Flows (USD $)	3 Months Ended
Consolidated Statements Of Cash Flows (USD $)	Mar. 31, 2015	Mar. 31, 2014
Cash Flows from Operating Activities
Net loss for the period	$ (360,093)us-gaap_NetIncomeLoss	$ (113,955)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities:
Stock issued for compensation	207,692	78,260
Depreciation expense.	669fil_DepreciationExpense1	669fil_DepreciationExpense1
Loss from equity investment.	11,570fil_LossFromEquityInvestment	0fil_LossFromEquityInvestment
(Gain) loss on settlement of make whole liability and/or debt	0	7,500
Gain on derivative liability	(2,325)	0
Amortization of discount on convertible debenture	58,052	0
Changes in operating assets and liabilities:
Accounts payable and accrued expenses	11,224	9,280
Accounts payable and accrued interest - related parties	(629)	(24,637)
Net cash used in operating activities	(73,840)	(42,883)
Cash Flows from Investing Activities
Investment in properties.	0us-gaap_PaymentsToAcquireInvestments	(7,763)us-gaap_PaymentsToAcquireInvestments
Equity investment	(16,700)	0
Purchase of fixed assets	(4,680)	(10,000)
Net cash used in investing activities	(21,380)	(17,763)
Cash Flows from Financing Activities
Payments on convertible debentures	(8,000)us-gaap_ProceedsFromConvertibleDebt	0us-gaap_ProceedsFromConvertibleDebt
Proceeds received on convertible debt.	39,000fil_ProceedsReceivedOnConvertibleDebt	24,903fil_ProceedsReceivedOnConvertibleDebt
Issuance of shares for cash	61,800	47,500
Contribution from officer	1,360	0
Net cash provided by financing activities	94,160	72,403
Increase (Decrease) in Cash and Cash Equivalents	(1,060)	11,757
Cash and Cash Equivalents--Beginning of Period.	1,627	0
Cash and Cash Equivalents--End of Period	567	11,757
Supplemental Disclosures of Cash Flow Information
Cash paid for interest	0us-gaap_InterestPaidNet	0us-gaap_InterestPaidNet
Cash paid for income taxes	0us-gaap_IncomeTaxesPaidNet	0us-gaap_IncomeTaxesPaidNet
Non-Cash Investing and Financing Activities
Common stock issued for conversion of debentures.	24,500	0
Debt discount from derivative liabilities	119,750	0
Loan proceeds paid directly to services providers	15,000	22,597
Settlement of derivative liabilities through conversion of related notes.	27,308	0
Reclass from prepaid expenses to equipment.	$ 16,065	$ 0

Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
Current Assets
Cash and cash equivalents	$ 567us-gaap_Cash	$ 1,627us-gaap_Cash
Prepaid expenses and other current assets	0	16,067
Total Current Assets	567us-gaap_AssetsCurrent	17,694us-gaap_AssetsCurrent
Non-Current Assets
Equipment, net of accumulated depreciation of $4,492 and $3,823, respectively	349,287us-gaap_PropertyPlantAndEquipmentNet	329,209us-gaap_PropertyPlantAndEquipmentNet
Investment in properties	56,344	56,344
Mining rights	100,000us-gaap_MineralRights	100,000us-gaap_MineralRights
Equity method investment	28,250us-gaap_EquityMethodInvestments	23,120us-gaap_EquityMethodInvestments
TOTAL ASSETS	534,448us-gaap_Assets	526,367us-gaap_Assets
Current Liabilities
Accounts payable and accrued liabilities	345,625	349,401
Accounts payable and accrued interest - related parties	53,084	53,713
Other liability	660,000us-gaap_OtherLiabilities	660,000us-gaap_OtherLiabilities
Short-term convertible debt	240,802us-gaap_ConvertibleDebtCurrent	281,000us-gaap_ConvertibleDebtCurrent
Derivative liabilities	90,117us-gaap_DerivativeLiabilities	0us-gaap_DerivativeLiabilities
Total Current Liabilities	1,389,628us-gaap_LiabilitiesCurrent	1,344,114us-gaap_LiabilitiesCurrent
Total Liabilities	1,389,628us-gaap_Liabilities	1,344,114us-gaap_Liabilities
Stockholders' Deficit:
Preferred stock, $0.001 par value (shares authorized-20,000,000;10,000,000 shares undesignated) Series A Convertible: 10,000,000 shares designated; 10,000,000 shares issued and outstanding at March 31, 2015 and December 31, 2014	10,000us-gaap_PreferredStockValue	10,000us-gaap_PreferredStockValue
Preferred stock, $0.001 par value (shares authorized-10,000,000; -0- shares undesignated) Series B Convertible: 10,000,000 shares designated; 2,500,492 shares issued and outstanding at March 31, 2015 and December 31, 2014	2,500fil_PreferredStockValue1	2,500fil_PreferredStockValue1
Common stock, $0.001 par value (shares authorized 500,000,000);142,081,962 and 125,008,477 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively	142,083us-gaap_CommonStockValue	125,008us-gaap_CommonStockValue
Additional paid-in capital	27,232,532us-gaap_AdditionalPaidInCapital	26,926,947us-gaap_AdditionalPaidInCapital
Deficit accumulated	(28,217,316)	(27,861,165)
Total Stockholders' Deficit of New Columbia Resources, Inc.	(830,201)	(796,710)
Non-controlling interest	(24,979)	(21,037)
Total Stockholders' Deficit	(855,180)us-gaap_StockholdersEquity	(817,747)us-gaap_StockholdersEquity
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 534,448	$ 526,367