10-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K/A

(Amendment No. 2) 

[X]	ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the year ended December 31, 2013
[   ]	TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from              to

Commission file number: 333-107179 and 000-51210

VICAN RESOURCES, INC.

(Exact name of registrant as specified in its charter)

Nevada	98-0380519
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
11650 South State Street, Suite 240 Draper, UT	84020
(Address of principal executive offices)	(Zip Code)

(801)-816-2510

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

None	N/A
Title of each class	Name of each exchange on which registered

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.  Yes o  No ý

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.  Yes o  No ý

Indicate by check mark whether the issuer (1) filed all reports required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ý  No o

Indicate by checkmark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer  o	Accelerated filer  o
Non-accelerated filer  o	Smaller reporting company ý

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ý  Yes    o  No

Based on the closing price of our common stock as listed on the OTCQB, the aggregate market value of the common stock of Vican Resources, Inc. held by non-affiliates as of June 30, 2013 was $32,883.30.

As of March 20, 2014 there were -0- shares outstanding of the registrant’s Class A common stock, par value $0.001 per share, and 1,943,634 outstanding shares of the registrant’s Class B common stock, par value $0.001 per share.

DOCUMENTS INCORPORATED BY REFERENCE:  None.

Explanatory Note

The purpose of this Amendment No. 2 to the registrant’s Annual Report on Form 10-K for the period ended December 31, 2013, filed with the Securities and Exchange Commission on April 15, 2013 (the “Form 10-K”), is solely to furnish Exhibit 101 to the Form 10-K.  Exhibit 101 provides the financial statements and related notes from the Form 10-K formatted in XBRL (Extensible Business Reporting Language).

No other changes have been made to the Form 10-K. This Amendment No. 2 to the Form 10-K speaks as of the original filing date of the Form 10-K, does not reflect events that may have occurred subsequent to the original filing date and does not modify or update in any way disclosures made in the original Form 10-K.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	VICAN RESOURCES, INC.
Date: April 28, 2014	By: /s/ Chene Gardner Name: Chene Gardner Title: Chief Financial Officer

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NOTE 5 - COMMON AND PREFERRED STOCK TRANSACTIONS (Details Narrative)

1 Months Ended

Sep. 30, 2013

Converted Promissory Note held by Cumbria Capital, L.P.

Converted Promissory note

On September 24, 2013, the Company converted a certain promissory note, in the original principal amount of $400,000 held by Cumbria Capital, L.P. (“Cumbria”), into 100 shares of Series A Preferred Stock. Cumbria is a Texas limited partnership owned and controlled by Cyrus Boga, a member of our Board of Directors. Although the Preferred Stock carries no dividend, distribution, or liquidation rights, and is not convertible into common stock, each share of Series A Preferred Stock carries 10,000,000 votes per share and is entitled to vote with the Company’s common stockholders on all matters upon which common stockholders may vote. As a result, Cumbria holds a controlling beneficial interest in the Company and Mr. Boga may unilaterally determine the election of the Board and other substantive matters requiring approval of the Company’s stockholders.

Series C Preferred Stock Conversion

Series C Conversion

On September 24, 2013, the Company converted 1,825,000 shares of our Series C Preferred Stock (“Series C Conversion”), which amount represents all of the issued and outstanding shares of Series C Preferred Stock, into 1,825,000,000 shares of our Class A common stock. As a result of this conversion, there are no shares of Series C Preferred Stock outstanding. Immediately following the Series C Conversion, the Board of Directors of the Company approved the Plan of Share Exchange (the "Plan").

Plan of Share Exchange

Plan of share exchange

The Plan allows for the conversion of 1,914,840,019 shares of Class A common stock, which amount represents all of the outstanding shares of common stock of the Company, into 1,943,634 shares of Class B common stock. As a result, the Company has no shares of Class A

Common stock outstanding, and 1,943,634 shares of Class B common stock outstanding. Certificates representing the shares of Class B common stock will not be distributed until the Company’s Registration Statement has been declared effective by the U.S. Securities and Exchange Commission.

Preferred stock conversion

During the process of converting our Series C Preferred Stock into Class A common stock and subsequently exchanging all of our Class A common stock into Class B common stock, we temporarily exceeded the number of authorized shares of our common stock, even though certificates for the 1,825,000,000 shares of Class A common stock were not actually distributed. Since the Share Exchange immediately followed the conversion of our Series C Preferred Stock, we now have a sufficient number of our common shares authorized for issuance.

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NOTE 2 - NOTES PAYABLE - RELATED PARTIES - Notes payable - related parties (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Total notes payable - related parties	$ 854,473	$ 0
Current portion	0	377,910
Long term notes payable	0	22,090
Notes payable to companies controlled by related parties, unsecured, interest at 10%, due March 29, 2014
Total notes payable - related parties	854,473	0
Current portion	(854,473)	0
Long term notes payable	$ 0	$ 0

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NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

a. Organization and Description of Business

Vican Resources, Inc. (the “Company”) was incorporated under the laws of the State of Nevada on September 5, 2002 under the name of “Tremont Fair, Inc.” From July 2009 until May 2011, the Company operated as a real estate services firm, seeking to capitalize on the real estate opportunities resulting from the dislocation in the credit markets, and by extension, the multifamily housing market, by acquiring, rehabilitating, stabilizing and selling distressed multifamily properties in the southern United States, predominantly in Texas. On May 26, 2011, the Company changed its name to Vican Resources, Inc. and changed its business model when it sold the real estate services division and acquired all of the outstanding shares of Vican Trading, Inc., a Montreal-based purchaser and seller of metals, ores, and other commodities (hereafter, “Vican Trading”). Upon the acquisition of Vican Trading, there was an implied option for either party to rescind the original acquisition. During the year that option was exercised and on December 20, 2011, the Company again changed its business when it unwound the acquisition of Vican Trading and acquired all of the assets of Med Ex Direct, Inc., a Florida-based provider of management services in respect of the distribution of diabetic supplies, principally to Hispanic patients (hereafter, “Med Ex Florida”). On March 22, 2012, the Company again changed its business to become an oil & gas exploration, development, and distribution company when we unwound the purchase of the assets of Med Ex Florida and acquired three separate working interests in two oil & gas wells located in Jefferson County, Mississippi. In consideration of the assignments the Company is to pay all costs and expenses associated with the development of the working interests. To date there have been no costs incurred or required.

b. Accounting Method

The Company’s financial statements are prepared using the accrual method of accounting. The Company has elected a December 31 year end.

c. Cash and Cash Equivalents

Cash Equivalents include short-term, highly liquid investments with maturities of three months or less at the time of acquisition.

d. Accounts Receivable

Accounts receivable are recorded net of the allowance for doubtful accounts of $-0- as of December 31, 2013 and 2012. The Company generally offers 30-day credit terms on sales to its customers and requires no collateral. The Company maintains an allowance for doubtful accounts which is determined based on a number of factors, including each customer’s financial condition, general economic trends and management judgment.

e. Revenue Recognition

Revenue is recognized upon completion of services or delivery of goods where the sales price is fixed or determinable and collectibility is reasonably assured. Advance customer payments are recorded as deferred revenue until such time as they are recognized. The Company does not offer any cash rebates. Returns or discounts, if any, are netted against gross revenues. For the years ended December 31, 2013 and 2012, sales are recorded net of the allowance for returns and discounts of $-0-.

f. 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.

g. Advertising

The Company follows the policy of charging the costs of advertising to expense as incurred. Advertising expense is included in selling, general and administrative expenses in the statements of operations. Advertising expense for the years ended December 31, 2013 and 2011 was $-0-.

h. Basic and Fully Diluted Net Loss Per Share

	For the Years Ended December 31,
	2013			2012
Basic net loss per share:
Loss (numerator)	$	(246,812	)	$	(271,358	)
Shares (denominator)		764,764			89,840
Per share amount	$	(0.32	)	$	(3.02	)

Diluted earnings per share is computed using the weighted average number of common shares plus dilutive common share equivalents outstanding during the period. Dilutive instruments have not been included and calculated for the year end computations as their effect is antidilutive.

i. Income Taxes

The Financial Accounting Standards Board (FASB) has issued FASB ASC 740-10.  FASB ASC 740-10 clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements.  This standard requires a company to determine whether it is more likely than not that a tax position will be sustained will be sustained upon examination based upon the technical merits of the position.  If the more-likely-than- not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements.  As a result of the implementation of this standard, the Company performed a review of its material tax positions in accordance with recognition and measurement standards established by FASB ASC 740-10.   

Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences.  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 effects of changes in tax laws and rates on the date of enactment.

At December 31, 2013 the Company had net operating loss carryforwards of approximately $2,900,000 that may be offset against future taxable income through 2033. No tax benefits have been reported in the financial statements, because the potential tax benefits of the net operating loss carry forwards are offset by a valuation allowance of the same amount.

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carryforwards for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carryforwards may be limited as to use in the future.

Net deferred tax assets consist of the following components as of December 31, 2013 and 2012:

	2013			2012
Deferred tax assets:
NOL Carryover	$	1,124,753		$	1,040,837
Valuation allowance		(1,124,753	)		(1,040,837	)
Net deferred tax asset	$	—		$	—

The income tax provision differs from the amount of income tax determined by applying the U.S. federal and state income tax rates of 34% to pretax income from continuing operations for the years ended December 31, 2013 and 2012 due to the following:

	2013			2012
Current Federal Tax	$	—		$	—
Current State Tax		—			—
Change in NOL Benefit		83,916			92,262
Valuation allowance		(83,916	)		(92,262	)
	$	—		$	—

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

		Year ended December 31,
		2013		2012
Beginning balance	$	—	$	—
Additions based on tax positions related to current year		—		—
Additions for tax positions of prior years		—		—
Reductions for tax positions of prior years		—		—
Reductions in benefit due to income tax expense		—		—
Ending balance	$	—	$	—

At December 31, 2013, the Company had no unrecognized tax benefits that, if recognized, would affect the effective tax rate.

The Company did not have any tax positions for which it is reasonably possible that the total amount of unrecognized tax benefits will significantly increase or decrease within the next 12 months.

The Company includes interest and penalties arising from the underpayment of income taxes in the consolidated statements of operations in the provision for income taxes.  As of December 31, 2013 and 2012, the Company had no accrued interest or penalties related to uncertain tax positions.

The tax years that remain subject to examination by major taxing jurisdictions are those for the years ended December 31, 2013, 2011 and 2010.

j. Reclassifications

Certain amounts in the accompanying financial statements have been reclassified to conform to the current year presentation. These reclassifications have no material affect on the financial statements.

k. Recent Accounting Pronouncements

We have reviewed accounting pronouncements issued during the past two years and have adopted any that are applicable to our company. We have determined that none had a material impact on our financial position, results of operations, or cash flows for the years ended December 31, 2013 and 2012.

l. Financial Instruments

On January 1, 2008, the Company adopted FASB ASC 820-10-50, “Fair Value Measurements.” This guidance defines fair value, establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosure requirements for fair value measures.  The three levels are defined as follows:

- Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.

- Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.

- Level 3 inputs to valuation methodology are unobservable and significant to the fair measurement.

The carrying amounts reported in the balance sheets for the cash and cash equivalents, receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest.  

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NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Accounting Policies [Abstract]
Allowance for Doubtful Accounts Receivable	$ 0	$ 0
Allowance for Sales Discounts and Returns	0	0
Advertising Expense	0	0
Operating Loss Carryforwards	$ 2,900,000
Tax Rate	34.00%	34.00%

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NOTE 3 - Notes Payable - maturities (Details) (USD $)	Mar. 29, 2014
Maturities of notes payable are as follows:
Year Ending December 31, 2014	$ 19,471
Total notes payable	$ 19,471

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NOTE 2 - NOTES PAYABLE - RELATED PARTIES (Details Narrative) (Notes payable, USD $)	Dec. 31, 2013	Dec. 31, 2012
Notes payable
Accrued interest	$ 21,303	$ 0

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NOTE 3 - NOTES PAYABLE (Details Narrative) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Note 3 - Notes Payable Details Narrative
Accrued interest on notes payable	$ 485	$ 0

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Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (246,812)	$ (271,358)
Adjustments to reconcile net loss to net cash used by operating activities:
Amortization of debt discount	22,090	47,060
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities	206,568	179,337
Net Cash Used by Operating Activities	(18,154)	(44,961)
CASH FLOWS FROM INVESTING ACTIVITIES:
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from third party advances		6,865
Proceeds from related party advances	18,154	50,096
Repayment of related party advances		(12,000)
Net Cash Provided by Financing Activities	18,154	44,961
NET CHANGE IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD
CASH AND CASH EQUIVALENTS, END OF PERIOD
Cash Payments For:
Interest
Income taxes
Conversion of Series C Preferred Stock to Class A Common Stock	1,823,175
Conversion of Class A Common Stock to Class B Common Stock	1,912,897
Preferred stock issued for conversion of debt	$ 456,986		$ 703,150

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NOTE 4 - RELATED PARTY TRANSACTIONS (Details Narrative) (USD $)	Dec. 31, 2013 Operating Expenses	Sep. 30, 2013 Operating Expenses	Dec. 31, 2012 Operating Expenses	Jun. 30, 2013 Accounting Services per month	Sep. 30, 2013 Accounting Services	Sep. 30, 2013 Legal Services	Jan. 31, 2012 Legal Services
Accounts payable - related parties	$ 37,278	$ 311,973	$ 331,096	$ 5,000	$ 140,000	$ 402,500	$ 7,500

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Balance Sheets (USD $)	Dec. 31, 2013	Dec. 31, 2012
TOTAL ASSETS	$ 0	$ 0
CURRENT LIABILITIES
Accounts payable and accrued liabilities	70,962	483,352
Due to related party	37,278	331,096
Advances from third party	6,865	6,865
Notes payable - related parties	854,473	0
Notes payable	19,471	0
Convertible note payable (net of discount of $-0- and $22,090 respectively)	0	377,910
Total Current Liabilities	989,049	1,199,223
TOTAL LIABILITIES	989,049	1,199,223
STOCKHOLDERS' DEFICIT
Additional paid-in capital	1,915,914	1,369,206
Accumulated deficit	(2,906,907)	(2,660,095)
Total Stockholders' Deficit	(989,049)	(1,199,223)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	0	0
Series A Preferred Stock
STOCKHOLDERS' DEFICIT
Preferred stock	0	0
Series B Preferred Stock
STOCKHOLDERS' DEFICIT
Preferred stock	0	0
Series C Preferred Stock
STOCKHOLDERS' DEFICIT
Preferred stock	0	1,825
Class A Common Stock
STOCKHOLDERS' DEFICIT
Common stock	0	89,841
Class B Common Stock
STOCKHOLDERS' DEFICIT
Common stock	$ 1,944	$ 0

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Statements of Stockholders' Deficit (USD $)	Series A Preferred Stock	Series B Preferred Stock	Series C Preferred Stock	Class A Common Stock	Class B Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning balance, value at Dec. 31, 2010				$ 104,361		$ (231,124)	$ (257,772)	$ (384,535)
Beginning balance, shares at Dec. 31, 2010				104,360,185
Common stock issued for conversion of debt, shares				11,053,344
Common stock issued for conversion of debt, value				11,053		452,980		464,033
Redemption of common stock for promissory note and preferred stock, shares	100,000			(70,798,500)
Redemption of common stock for promissory note and preferred stock, value	100			(70,798)		(569,551)		(640,249)
Beneficial conversion feature relating to issuance of $700,000 note						700,000		700,000
Common stock issued for services, shares				45,225,000
Common stock issued for services, value				45,225		637,650		682,875
Spin-off of Tremont Fair Holdings, Inc.						(17,862)	79,199	61,337
Stock issued for purchase of Vican Trading, Inc., shares		5,000,000		25,000,000
Stock issued for purchase of Vican Trading, Inc., value		5,000		25,000		970,000		1,000,000
Preferred stock issued for services, shares			1,225,000
Preferred stock issued for services, value			1,225			23,275		24,500
Preferred stock issued for conversion of debt, shares			600,000
Preferred stock issued for conversion of debt, value			600			703,150		703,150
Redemption of stock for spin-off of Vican Trading, Inc., shares		(5,000,000)		(25,000,000)
Redemption of stock for spin-off of Vican Trading, Inc., value		(5,000)		(25,000)		(970,000)		(1,000,000)
Redemption of preferred stock for promissory note, shares	(100,000)
Redemption of preferred stock for promissory note, value	(100)					(399,900)		(400,000)
Beneficial conversion feature relating to issuance of $400,000 note						70,588		70,588
Net loss							(2,210,164)	(2,210,164)
Ending balance, value at Dec. 31, 2011			1,825	89,841		1,369,206	(2,388,737)	(927,865)
Ending balance, shares at Dec. 31, 2011			1,825,000	89,840,019
Preferred stock issued for conversion of debt, value
Net loss							(271,358)	(271,358)
Ending balance, value at Dec. 31, 2012			1,825	89,841		1,369,206	(2,660,095)	(1,199,223)
Beginning balance, shares at Dec. 31, 2012			1,825,000	89,840,019
Preferred stock issued for conversion of debt, shares	100
Preferred stock issued for conversion of debt, value						456,986		456,986
Conversion of preferred stock for common stock, shares			(1,825,000)	1,825,000,000
Conversion of preferred stock for common stock, value			(1,825)	1,825,000		(1,823,175)
Conversion of class A common stock to class B common stock, shares				(1,914,840,019)	1,943,634
Conversion of class A common stock to class B common stock, value				(1,914,841)	1,944	1,912,897
Net loss							(246,812)	(246,812)
Ending balance, value at Dec. 31, 2013					$ 1,944	$ 1,915,914	$ (2,906,907)	$ (989,049)
Ending balance, shares at Dec. 31, 2013	100				1,943,634

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NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES - Net deferred tax assets (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Accounting Policies [Abstract]
NOL Carryover	$ 1,124,753	$ 1,040,837
Valuation allowance	(1,124,753)	(1,040,837)
Net deferred tax asset	$ 0	$ 0

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NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES - Reconciliation of unrecognized tax benefits (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Accounting Policies [Abstract]
Beginning balance	$ 0	$ 0
Additions based on tax positions related to current year	0	0
Additions for tax positions of prior years	0	0
Reductions for tax positions of prior years	0	0
Reductions in benefit due to income tax expense	0	0
Ending balance	$ 0	$ 0

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Statements of Stockholders' Deficit (Parenthetical) (USD $)	12 Months Ended
	Dec. 31, 2011
Note 1
Note issuance	$ 700,000
Note 2
Note issuance	$ 400,000

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Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Convertible note payable, net of discount	$ 0	$ 22,090
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,000,000	20,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	400,000,000	400,000,000
Series A Preferred Stock
Preferred stock, par value	$ 0.001	$ 0.001
Preferred Stock, shares issued	100	0
Preferred Stock, shares outstanding	100	0
Series B Preferred Stock
Preferred stock, par value	$ 0.001	$ 0.001
Preferred Stock, shares issued	0	0
Preferred Stock, shares outstanding	0	0
Series C Preferred Stock
Preferred stock, par value	$ 0.001	$ 0.001
Preferred Stock, shares issued	0	1,825,000
Preferred Stock, shares outstanding	0	1,825,000
Class A Common Stock
Common stock, par value	$ 0.001	$ 0.001
Common Stock, shares issued	0	89,840,019
Common Stock, shares outstanding	0	89,840,019
Class B Common Stock
Common stock, par value	$ 0.001	$ 0.001
Common Stock, shares issued	1,943,634	0
Common Stock, shares outstanding	1,943,634	0

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NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

Organization and Description of Business

a. Organization and Description of Business

Vican Resources, Inc. (the “Company”) was incorporated under the laws of the State of Nevada on September 5, 2002 under the name of “Tremont Fair, Inc.” From July 2009 until May 2011, the Company operated as a real estate services firm, seeking to capitalize on the real estate opportunities resulting from the dislocation in the credit markets, and by extension, the multifamily housing market, by acquiring, rehabilitating, stabilizing and selling distressed multifamily properties in the southern United States, predominantly in Texas. On May 26, 2011, the Company changed its name to Vican Resources, Inc. and changed its business model when it sold the real estate services division and acquired all of the outstanding shares of Vican Trading, Inc., a Montreal-based purchaser and seller of metals, ores, and other commodities (hereafter, “Vican Trading”). Upon the acquisition of Vican Trading, there was an implied option for either party to rescind the original acquisition. During the year that option was exercised and on December 20, 2011, the Company again changed its business when it unwound the acquisition of Vican Trading and acquired all of the assets of Med Ex Direct, Inc., a Florida-based provider of management services in respect of the distribution of diabetic supplies, principally to Hispanic patients (hereafter, “Med Ex Florida”). On March 22, 2012, the Company again changed its business to become an oil & gas exploration, development, and distribution company when we unwound the purchase of the assets of Med Ex Florida and acquired three separate working interests in two oil & gas wells located in Jefferson County, Mississippi. In consideration of the assignments the Company is to pay all costs and expenses associated with the development of the working interests. To date there have been no costs incurred or required.

Accounting Method

b. Accounting Method

The Company’s financial statements are prepared using the accrual method of accounting. The Company has elected a December 31 year end.

Cash and Cash Equivalents

c. Cash and Cash Equivalents

Cash Equivalents include short-term, highly liquid investments with maturities of three months or less at the time of acquisition.

Accounts Receivable

d. Accounts Receivable

Accounts receivable are recorded net of the allowance for doubtful accounts of $-0- as of December 31, 2013 and 2012. The Company generally offers 30-day credit terms on sales to its customers and requires no collateral. The Company maintains an allowance for doubtful accounts which is determined based on a number of factors, including each customer’s financial condition, general economic trends and management judgment.

Revenue Recognition

e. Revenue Recognition

Revenue is recognized upon completion of services or delivery of goods where the sales price is fixed or determinable and collectibility is reasonably assured. Advance customer payments are recorded as deferred revenue until such time as they are recognized. The Company does not offer any cash rebates. Returns or discounts, if any, are netted against gross revenues. For the years

Estimates

f. 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.

Advertising

g. Advertising

The Company follows the policy of charging the costs of advertising to expense as incurred. Advertising expense is included in selling, general and administrative expenses in the statements of operations. Advertising expense for the years ended December 31, 2013 and 2011 was $-0-.

Basic and Fully Diluted Net Loss Per Share

h. Basic and Fully Diluted Net Loss Per Share

	For the Years Ended December 31,
	2013			2012
Basic net loss per share:
Loss (numerator)	$	(246,812	)	$	(271,358	)
Shares (denominator)		764,764			89,840
Per share amount	$	(0.32	)	$	(3.02	)

Diluted earnings per share is computed using the weighted average number of common shares plus dilutive common share equivalents outstanding during the period. Dilutive instruments have not been included and calculated for the year end computations as their effect is antidilutive.

Income Taxes

i. Income Taxes

The Financial Accounting Standards Board (FASB) has issued FASB ASC 740-10.  FASB ASC 740-10 clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements.  This standard requires a company to determine whether it is more likely than not that a tax position will be sustained will be sustained upon examination based upon the technical merits of the position.  If the more-likely-than- not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements.  As a result of the implementation of this standard, the Company performed a review of its material tax positions in accordance with recognition and measurement standards established by FASB ASC 740-10.  

Reclassifications

j. Reclassifications

Certain amounts in the accompanying financial statements have been reclassified to conform to the current year presentation. These reclassifications have no material affect on the financial statements.

Recent Accounting Pronouncements

k. Recent Accounting Pronouncements

We have reviewed accounting pronouncements issued during the past two years and have adopted any that are applicable to our company. We have determined that none had a material impact on our financial position, results of operations, or cash flows for the years ended December 31, 2013 and 2012.

Financial Instruments

l. Financial Instruments

On January 1, 2008, the Company adopted FASB ASC 820-10-50, “Fair Value Measurements.” This guidance defines fair value, establishes a three-level valuation hierarchy for disclosures of fair

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Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Jun. 30, 2013	Mar. 20, 2014 Class A Common Stock	Mar. 20, 2014 Class B Common Stock
Entity Registrant Name	Vican Resources, Inc.
Entity Central Index Key	0001223533
Document Type	10-K
Document Period End Date	Dec. 31, 2013
Amendment Flag	true
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float		$ 32,883
Entity Common Stock, Shares Outstanding			0	1,943,634
Amendment Description	This amendment to Form 10-K is for the sole purpose of filing the XBRL financial report.
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2013

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NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

Basic and Fully Diluted Net Loss Per Share

	For the Years Ended December 31,
	2013			2012
Basic net loss per share:
Loss (numerator)	$	(246,812	)	$	(271,358	)
Shares (denominator)		764,764			89,840
Per share amount	$	(0.32	)	$	(3.02	)

Net deferred tax assets

	2013			2012
Deferred tax assets:
NOL Carryover	$	1,124,753		$	1,040,837
Valuation allowance		(1,124,753	)		(1,040,837	)
Net deferred tax asset	$	—		$	—

Income tax provision

	2013			2012
Current Federal Tax	$	—		$	—
Current State Tax		—			—
Change in NOL Benefit		83,916			92,262
Valuation allowance		(83,916	)		(92,262	)
	$	—		$	—

Reconciliation of unrecognized tax benefits

		Year ended December 31,
		2013		2012
Beginning balance	$	—	$	—
Additions based on tax positions related to current year		—		—
Additions for tax positions of prior years		—		—
Reductions for tax positions of prior years		—		—
Reductions in benefit due to income tax expense		—		—
Ending balance	$	—	$	—

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Statements of Operations (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Income Statement [Abstract]
NET REVENUES
OPERATING EXPENSES
Selling, general and administrative expense	178,581	192,210
Total Operating Expenses	178,581	192,210
LOSS FROM OPERATIONS	(178,581)	(192,210)
OTHER INCOME (EXPENSES)
Interest expense (including amortization of debt discount of $22,090 and $47,060, respectively)	(68,231)	(79,148)
Total Other Income (Expenses)	(68,231)	(79,148)
LOSS BEFORE INCOME TAXES	(246,812)	(271,358)
INCOME TAX EXPENSE
NET LOSS	$ (246,812)	$ (271,358)
BASIC:
Net loss per common share	$ (0.32)	$ (3.02)
Weighted average shares outstanding	764,764	89,840

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NOTE 4 - RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2013

Related Party Transactions [Abstract]

NOTE 4 - RELATED PARTY TRANSACTIONS

NOTE 4- RELATED PARTY TRANSACTIONS

From time to time, the Company receives cash advances from third parties and related parties, including stockholders and their affiliates, to cover operating expenses. On October 1, 2013, the balance due to a director of the Company of $311,973 was converted into a promissory note. As of December 31, 2013, advances from a related party that was not converted amounted to $37,278 compared to $331,096 as of December 31, 2012.

In approximately June of 2011, the Company entered into a verbal agreement with the Chief Financial Officer of the Company to provide accounting services at the rate of $5,000 per month. On October 1, 2013, the balance due of $140,000, which includes amounts from previous years, was converted into a promissory note.

In approximately January of 2012, the Company entered into a verbal agreement with a director of the Company to provide legal services at the rate of $7,500 per month. On October 1, 2013, the balance due of $402,500, which includes amounts from previous years, was converted into a promissory note.

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NOTE 3 - NOTES PAYABLE

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

NOTE 3 - NOTES PAYABLE

NOTE 3- NOTES PAYABLE

Notes payable consisted of the following:
	December 31, 2013			December 31, 2012
Notes payable to companies, unsecured, interest at 10%, due March 29, 2014 (in default)	$	19,471		$	—
Notes payable to a company, unsecured, interest at 8%, monthly payments due starting on January 20, 2012, in default, convertible into common stock at 85% of market value (less unamortized debt discount of $-0- and $22,090, respectively)		—			377,910
Total notes payable		19,471			377,910
Less: current portion		(19,471	)		(377,910	)
Long-term notes payable	$	—		$	—
Maturities of notes payable are as follows:
Year Ending December 31,					Amount
2014				$	19,471
Total				$	19,471

Accrued interest on notes payable for the years ended December 31, 2013 and 2012 was $485 and $-0-, respectively.

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NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES - Income tax provision (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Accounting Policies [Abstract]
Current Federal Tax
Current State Tax
Change in NOL Benefit	83,916	92,262
Valuation allowance	(83,916)	(92,262)
Change in NOL Benefit/Valuation

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NOTE 2 - NOTES PAYABLE - RELATED PARTIES (Tables)

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Notes payable - related parties

Notes payable – related parties consisted of the following:
	December 31, 2013			December 31, 2012
Notes payable to companies controlled by related parties, unsecured, interest at 10%, due March 29, 2014 (in default)	$	854,473		$	—
Total notes payable – related parties		854,473			—
Less: current portion		(854,473	)		—
Long-term notes payable	$	—		$	—
Maturities of notes payable - related parties are as follows:
Year Ending December 31,					Amount
2014				$	854,473
Total				$	854,473

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NOTE 7 - GOING CONCERN

12 Months Ended

Dec. 31, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

NOTE 7 - GOING CONCERN

NOTE 7 - GOING CONCERN

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The Company has sustained significant net losses which have resulted in an accumulated deficit at December 31, 2013 of $2,906,907, has negative working capital, and negative cash flows from operations, all of which raise substantial doubt regarding the Company’s ability to continue as a going concern.

The Company believes these conditions have resulted from the inherent risks associated with small companies. Such risks include, but are not limited to, the ability to (i) generate revenues and sales of its products and services at levels sufficient to cover its costs and provide a return for investors, (ii) attract additional capital in order to finance growth, (iii) further develop and successfully market commercial products and services, and (iv) successfully compete with other comparable companies having financial, production and marketing resources significantly greater than those of the Company.

We are presently seeking additional debt and equity financing to provide sufficient funds for payment of obligations incurred and to fund our ongoing business plan.

We expect to generate revenue pursuant to our new business plan as an oil and gas exploration, development, and production company and expect to rely on equity and debt financings to fund our capital resources requirements. We will be dependent on additional debt and equity financing to develop our new business but we cannot assure you that any such financings will be available or will otherwise be made on terms acceptable to us, or that our present shareholders might suffer substantial dilution as a result.

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NOTE 5 - COMMON AND PREFERRED STOCK TRANSACTIONS

12 Months Ended

Dec. 31, 2013

Supplemental Cash Flow Elements [Abstract]

NOTE 5 - COMMON AND PREFERRED STOCK TRANSACTIONS

NOTE 5 - COMMON AND PREFERRED STOCK TRANSACTIONS

All common share issuances were recorded at market value on the date of issuance.

On September 24, 2013, the Company converted a certain promissory note, in the original principal amount of $400,000 held by Cumbria Capital, L.P. (“Cumbria”), into 100 shares of Series A Preferred Stock. Cumbria is a Texas limited partnership owned and controlled by Cyrus Boga, a member of our Board of Directors. Although the Preferred Stock carries no dividend, distribution, or liquidation rights, and is not convertible into common stock, each share of Series A Preferred Stock carries 10,000,000 votes per share and is entitled to vote with the Company’s common stockholders on all matters upon which common stockholders may vote. As a result, Cumbria holds a controlling beneficial interest in the Company and Mr. Boga may unilaterally determine the election of the Board and other substantive matters requiring approval of the Company’s stockholders.

On September 24, 2013, the Company converted 1,825,000 shares of our Series C Preferred Stock (“Series C Conversion”), which amount represents all of the issued and outstanding shares of Series C Preferred Stock, into 1,825,000,000 shares of our Class A common stock. As a result of this conversion, there are no shares of Series C Preferred Stock outstanding. Immediately following the Series C Conversion, the Board of Directors of the Company approved the Plan of Share Exchange (the "Plan"). The Plan allows for the conversion of 1,914,840,019 shares of Class A common stock, which amount represents all of the outstanding shares of common stock of the Company, into 1,943,634 shares of Class B common stock. As a result, the Company has no shares of Class A

Common stock outstanding, and 1,943,634 shares of Class B common stock outstanding. Certificates representing the shares of Class B common stock will not be distributed until the Company’s Registration Statement has been declared effective by the U.S. Securities and Exchange Commission.

During the process of converting our Series C Preferred Stock into Class A common stock and subsequently exchanging all of our Class A common stock into Class B common stock, we temporarily exceeded the number of authorized shares of our common stock, even though certificates for the 1,825,000,000 shares of Class A common stock were not actually distributed. Since the Share Exchange immediately followed the conversion of our Series C Preferred Stock, we now have a sufficient number of our common shares authorized for issuance.

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NOTE 6 - OPTIONS AND WARRANTS

12 Months Ended

Dec. 31, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

NOTE 6 - OPTIONS AND WARRANTS

NOTE 6 - OPTIONS AND WARRANTS

The Company has adopted FASB ASC 718, “Share-Based Payments” (“ASC 718”) to account for its stock options. The Company estimates the fair value of each stock award at the grant date by using the Black-Scholes option pricing model. The assumptions used to calculate the fair value of options granted are evaluated and revised, as necessary, to reflect market conditions and our experience. Compensation expense is recognized only for those options expected to vest, with forfeitures estimated at the date of grant based on our historical experience and future expectations. No stock options or warrants were issued or outstanding during 2013 or 2012.

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NOTE 8 - SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2013

Subsequent Events [Abstract]

NOTE 8 - SUBSEQUENT EVENTS

NOTE 8- SUBSEQUENT EVENTS

The Company has evaluated subsequent events for the year ending December 31, 2013 through the date the financial statements were issued, and concluded there were no other events or transactions, other than those disclosed above, occurring during this period that required recognition or disclosure in its financial statements.

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NOTE 7 - GOING CONCERN (Details Narrative) (USD $)	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 2,906,907

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NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES - Basic and Fully Diluted Net Loss Per Share (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Accounting Policies [Abstract]
Loss (numerator)	$ (246,812)	$ (271,358)
Shares (denominator)	764,764	89,840
Per share amount	$ (0.32)	$ (3.02)

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NOTE 2 - Notes payable - related parties - maturities (Details) (USD $)	Mar. 29, 2014
Note 2 - Notes Payable - Related Parties - Maturities Details
Year Ending December 31, 2014	$ 854,473
Total notes payable - related parties	$ 854,473
Interest rate	10.00%

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Statements of Operations (Parenthetical) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Income Statement [Abstract]
Amortization of debt discount	$ 22,090	$ 47,060

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NOTE 2 - NOTES PAYABLE - RELATED PARTIES

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

NOTE 2 - NOTES PAYABLE - RELATED PARTIES

NOTE 2 - NOTES PAYABLE – RELATED PARTIES

Notes payable – related parties consisted of the following:
	December 31, 2013			December 31, 2012
Notes payable to companies controlled by related parties, unsecured, interest at 10%, due March 29, 2014 (in default)	$	854,473		$	—
Total notes payable – related parties		854,473			—
Less: current portion		(854,473	)		—
Long-term notes payable	$	—		$	—
Maturities of notes payable - related parties are as follows:
Year Ending December 31,					Amount
2014				$	854,473
Total				$	854,473

Accrued interest on notes payable for the years ended December 31, 2013 and 2012 was $21,303 and $-0-, respectively.

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NOTE 3 - NOTES PAYABLE - Notes payable (Details) (USD $)						12 Months Ended
	Mar. 29, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013 Notes payable to companies, unsecured, interest at 10%, due March 29, 2014	Dec. 31, 2012 Notes payable to companies, unsecured, interest at 10%, due March 29, 2014	Dec. 31, 2012 Notes payable to a company, unsecured, interest at 8%, monthly payments due starting on January 20, 2012, in default, convertible into common stock at 85% of market value	Dec. 31, 2013 Notes payable to a company, unsecured, interest at 8%, monthly payments due starting on January 20, 2012, in default, convertible into common stock at 85% of market value
Total notes payable	$ 19,471			$ 19,471	$ 0	$ 377,910	$ 0
Current portion		19,471	0	(19,471)	(377,910)
Long-term notes payable				0	0
Interest rate	10.00%			10.00%		8.00%
Conversion rate						85.00%
Unamortized debt discount						$ 22,090	$ 0

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NOTE 3 - NOTES PAYABLE (Tables)

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Notes payable

Notes payable consisted of the following:
	December 31, 2013			December 31, 2012
Notes payable to companies, unsecured, interest at 10%, due March 29, 2014 (in default)	$	19,471		$	—
Notes payable to a company, unsecured, interest at 8%, monthly payments due starting on January 20, 2012, in default, convertible into common stock at 85% of market value (less unamortized debt discount of $-0- and $22,090, respectively)		—			377,910
Total notes payable		19,471			377,910
Less: current portion		(19,471	)		(377,910	)
Long-term notes payable	$	—		$	—
Maturities of notes payable are as follows:
Year Ending December 31,					Amount
2014				$	19,471
Total				$	19,471