0001165527-13-000738.txt : 20130816 0001165527-13-000738.hdr.sgml : 20130816 20130816153314 ACCESSION NUMBER: 0001165527-13-000738 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20130630 FILED AS OF DATE: 20130816 DATE AS OF CHANGE: 20130816 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CASEY CONTAINER CORP CENTRAL INDEX KEY: 0001387998 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 205619324 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 333-140445 FILM NUMBER: 131045186 BUSINESS ADDRESS: STREET 1: 7255 EAST ALFREDO DRIVE CITY: SCOTTSDALE STATE: AZ ZIP: 85258 BUSINESS PHONE: 602-819-4181 MAIL ADDRESS: STREET 1: 7255 EAST ALFREDO DRIVE CITY: SCOTTSDALE STATE: AZ ZIP: 85258 FORMER COMPANY: FORMER CONFORMED NAME: Sawadee Ventures Inc. DATE OF NAME CHANGE: 20070126 10-Q/A 1 g7002a.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q/A (AMENDMENT NO. 1) [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2013 Commission file number 333-140445 Casey Container Corp. (Exact Name of Registrant as Specified in Its Charter) NEVADA ?(State or other jurisdiction of incorporation or organization) 7825 N Calle Caballeros, Paradise Valley, AZ 85253 (Address of principal executive offices, including zip code.) 800-234-3919 (Telephone number, including area code) Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act 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 last 90 days. YES [X] NO [ ] Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (ss.232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [X] No [ ] 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," "non-accelerated filer," and "smaller reporting company" in Rule 12b-2 of the Exchange Act. Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [ ] Smaller reporting company [X] Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YES [X] NO [ ] State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: 82,700,034 shares outstanding as of August 12, 2013. ITEM 1. FINANCIAL STATEMENTS CASEY CONTAINER CORP. (A Development Stage Company) June 30, 2013 Balance Sheets (Expressed in U.S. Dollars) (Unaudited)
As of As of June 30, 2013 December 31, 2012 ------------- ----------------- ASSETS CURRENT ASSETS Cash $ 50 $ 3,522 ------------ ------------ Total Current Assets 50 3,522 ------------ ------------ Total Assets $ 50 $ 3,522 ============ ============ LIABILITIES CURRENT LIABILITIES Accounts Payable and Accrued Liabilities 92,768 134,699 Non-interest Bearing Loans From Related Parties 26,850 114,250 Interest Bearing Loans 77,144 76,973 Due to Related Parties 774,591 1,031,347 ------------ ------------ Total Current Liabilities 971,353 1,357,269 ------------ ------------ STOCKHOLDERS' EQUITY Preferred Stock 10,000,000 authorized, par value $0.001, none issued and outstanding Common Stock 250,000,000 authorized shares, par value $0.001 82,200,034 and 69,566,701 shares issued and outstanding at 82,200 69,567 June 30, 2013 and December 31, 2012, respectively Additional Paid-in-Capital 2,985,756 2,263,889 Deficit accumulated during development stage (4,039,259) (3,687,203) ------------ ------------ Total Stockholders' Equity (971,303) (1,353,747) ------------ ------------ Total Liabilities and Stockholders' Equity $ 50 $ 3,522 ============ ============
The accompanying notes are an integral part of these interim financial statements. 2 CASEY CONTAINER CORP. (A Development Stage Company) Statements of Operations (Expressed in U.S. Dollars) (Unaudited)
Period from September 26, 2006 For the Three For the Three For the Six For the Six (Date of inception) Months Ended Months Ended Months Ended Months Ended through June 30, 2013 June 30, 2012 June 30, 2013 June 30, 2012 June 30, 2013 ------------ ------------ ------------ ------------ ------------ REVENUES: Revenues $ -- $ -- $ -- $ -- $ -- ------------ ------------ ------------ ------------ ------------ Total Revenues -- -- -- -- -- ------------ ------------ ------------ ------------ ------------ EXPENSES: Operating Expenses Exploration expenses -- -- -- -- 10,000 Impairment of property -- -- -- -- 27,379 General and administrative 190,158 968,010 351,885 1,210,372 3,999,637 ------------ ------------ ------------ ------------ ------------ Total operating expenses 190,158 968,010 351,885 1,210,372 4,037,016 ------------ ------------ ------------ ------------ ------------ OTHER EXPENSES: Interest 299 299 171 597 2,243 ------------ ------------ ------------ ------------ ------------ Total other expenses 299 299 171 597 2,243 ------------ ------------ ------------ ------------ ------------ PROVISION FOR INCOME TAXES: Income Tax Benefit -- -- -- -- -- ------------ ------------ ------------ ------------ ------------ Net Income (Loss) for the period $ (190,457) $ (968,309) $ (352,056) $ (1,210,969) $ (4,039,259) ============ ============ ============ ============ ============ Basic and Diluted Earnings Per Common Share $ (0.00) $ (0.02) $ (0.01) $ (0.02) ------------ ------------ ------------ ------------ Weighted Average number of Common Shares used in per share calculations 71,232,635 61,476,814 70,332,171 61,133,408 ============ ============ ============ ============
The accompanying notes are an integral part of these interim financial statements. 3 CASEY CONTAINER CORP. (A Development Stage Company) Statements of Stockholders' Equity (Deficit) For the period from September 26, 2006 (inception) to June 30, 2013 (Expressed in U.S. Dollars) (Unaudited)
Deficit Common Stock Accumulated Common Stock Issuable Additional During ------------------- ------------------ Paid-In Development Stockholders Shares Amount Shares Amount Capital Stage Equity ------ ------ ------ ------ ------- ----- ------ Balance, September 26, 2006 (Date of Inception) -- $ -- -- $ -- $ -- $ -- $ -- Stock Issued for cash at $0.001 per share on December 1, 2006 18,000,000 18,000 -- -- -- -- 18,000 Net Loss for the Period from inception on September 26, 2006 to December 31, 2006 -- -- -- -- -- (7,165) (7,165) ---------- ------- -------- ------ -------- ----------- --------- Balance, December 31, 2006 18,000,000 18,000 -- -- -- (7,165) 10,835 ========== ======= ======== ====== ======== =========== ========= Stock Issued for cash at $0.002 per share on April 12, 2007 18,000,000 18,000 -- -- 18,000 -- 36,000 Net Loss for the Year ended December 31, 2007 -- -- -- -- (27,267) (27,267) ---------- ------- -------- ------ -------- ----------- --------- Balance, December 31, 2007 36,000,000 36,000 -- -- 18,000 (34,432) 19,568 ========== ======= ======== ====== ======== =========== ========= Net Loss for the Year ended December 31, 2008 -- -- -- -- -- (16,304) (16,304) ---------- ------- -------- ------ -------- ----------- --------- Balance, December 31, 2008 36,000,000 36,000 -- -- 18,000 (50,736) 3,264 ========== ======= ======== ====== ======== =========== ========= Net Loss for the Year ended December 31, 2009 -- -- -- -- -- (11,011) (11,011) ---------- ------- -------- ------ -------- ----------- --------- Balance, December 31, 2009 36,000,000 36,000 -- -- 18,000 (61,747) (7,747) ========== ======= ======== ====== ======== =========== ========= Shares issued and issuable at 0.001 per share pursuant to an agreement on March 24, 2010 18,274,000 18,274 105,000 105 -- -- 18,379 Stock issued for cash at 0.333 per share on May 15, 2010 6,000 6 -- -- 1,994 -- 2,000 Stock issued for cash at 0.333 per share on May 22, 2010 400 -- -- -- 132 -- 132 Stock issuable for cash at 0.15 on December 14, 2010 -- -- 470,000 470 70,030 -- 70,500 Stock issued for debt at 0.25 per share to a Related Party on December 30, 2010 717,600 718 -- -- 178,682 -- 179,400 Net Loss for the Year ended December 31, 2010 -- -- -- -- -- (358,578) (358,578) ---------- ------- -------- ------ -------- ----------- --------- Balance, December 31, 2010 54,998,000 $54,998 575,000 $ 575 $268,838 $ (420,325) $ (95,914) ========== ======= ======== ====== ======== =========== =========
The accompanying notes are an integral part of these interim financial statements. 4 CASEY CONTAINER CORP. (A Development Stage Company) Statements of Stockholders' Equity (Deficit) For the period from September 26, 2006 (inception) to June 30, 2013 (Expressed in U.S. Dollars) (continued) (Unaudited)
Deficit Common Stock Accumulated Common Stock Issuable Additional During ------------------- ------------------ Paid-In Development Stockholders Shares Amount Shares Amount Capital Stage Equity ------ ------ ------ ------ ------- ----- ------ Stock issued for cash at $0.001 per share on January 13, 2011 105,000 $ 105 (105,000) $(105) $ -- $ -- $ -- Stock issued for cash at $0.001 per share on January 13, 2011 470,000 470 (470,000) (470) -- -- -- To record forfeiture of stock at $0.001 per share (250,000) (250) -- -- 250 -- -- Stock issued at $0.17 per share pursuant to an agreement on January 27, 2011 200,000 200 -- -- 33,800 -- 34,000 Stock issued at $0.12 per share pursuant to agreements February 7, 2011 2,000,000 2,000 -- -- 238,000 -- 240,000 Stock issued for cash at $0.15 per share on March 4, 2011, less 10% cost of issue 633,667 634 -- -- 84,911 -- 85,545 Stock issued for cash at $0.15 per share on March 31, 2011, less 10% cost of issue 50,000 50 -- -- 6,700 -- 6,750 Stock issued for cash at $0.15 per share on April 21, 2011 333,334 333 -- -- 49,667 -- 50,000 Stock issued at $0.065 per share for reimbursement of services to the Chairman on June 17, 2011 750,000 750 -- -- 48,000 -- 48,750 Stock issued at $0.065 per share for compensation to President and Chief Executive Officer on June 17, 2011 1,500,000 1,500 -- -- 96,000 -- 97,500 Stock issued for debt at $0.10 per share on August 29, 2011 250,000 250 -- -- 24,750 -- 25,000 Stock issued at $0.07 per share for compensation to Vice President on October 31, 2011 250,000 250 -- -- 17,250 -- 17,500 Stock cancelled at $0.12 per share on October 31, 2011 from the original issuance on February 7, 2011 (500,000) (500) -- -- (59,500) -- (60,000) Net Loss for the Year ended December 31, 2011 -- -- -- -- -- (891,389) (891,389) ---------- ------- -------- ------- ---------- ----------- ----------- Balance, December 31, 2011 60,790,001 $60,790 -- $ -- $ 808,666 $(1,311,714) $ (442,258) ========== ======= ======== ======= ========== =========== ===========
The accompanying notes are an integral part of these interim financial statements. 5 CASEY CONTAINER CORP. (A Development Stage Company) Statements of Stockholders' Equity (Deficit) For the period from September 26, 2006 (inception) to June 30, 2013 (Expressed in U.S. Dollars) (continued) (Unaudited)
Deficit Common Stock Accumulated Common Stock Issuable Additional During ------------------- ------------------ Paid-In Development Stockholders Shares Amount Shares Amount Capital Stage Equity ------ ------ ------ ------ ------- ----- ------ Stock issued at $0.18 per share for debt to a Vice President on April 11, 2012 250,000 $ 250 -- $ -- $ 44,750 $ -- $ 45,000 Stock issued at $0.17 per share for compensation to a Vice President on June 20, 2012 500,000 500 -- -- 84,500 -- 85,000 Stock issued at $0.17 per share for investor relations services to the Chairman on June 20, 2012 750,000 750 -- -- 126,750 -- 127,500 Stock issued at $0.17 per share pursuant to a committed employment agreement with the CEO on June 20, 2012 3,000,000 3,000 -- -- 507,000 -- 510,000 Stock issued at $0.15 for consulting services on July 17, 2012 3,000,000 3,000 -- -- 447,000 -- 450,000 Stock issued at $0.22 for consulting services on August 3, 2012 250,000 250 -- -- 54,750 -- 55,000 Stock issued at $0.24 for consulting services on August 30, 2012 300,000 300 -- -- 71,700 -- 72,000 Stock issued for cash at $0.15 per share on October 17, 2012 120,000 120 -- -- 17,880 -- 18,000 Stock issued for cash at $0.15 per share on October 24, 2012 200,000 200 -- -- 29,800 -- 30,000 Stock issued for cash at $0.15 per share on October 25, 2012 100,000 100 -- -- 14,900 -- 15,000 Stock issued for cash at $0.15 per share on November 14, 2012 6,700 7 -- -- 993 -- 1,000 Stock issued at $0.22 per share for investor relations services on December 12, 2012 150,000 150 -- -- 32,850 -- 33,000 Stock issued at $0.15 per share for investor relations services on December 27, 2012 150,000 150 -- -- 22,350 -- 22,500 Net Loss for the Year ended December 31, 2012 -- -- -- -- -- (2,375,489) (2,375,489) ---------- ------- -------- ------- ---------- ----------- ----------- Balance, December 31, 2012 69,566,701 $69,567 -- $ -- $2,263,889 $(3,687,203) $(1,353,747) ========== ======= ======== ======= ========== =========== ===========
The accompanying notes are an integral part of these interim financial statements. 6 CASEY CONTAINER CORP. (A Development Stage Company) Statements of Stockholders' Equity (Deficit) For the period from September 26, 2006 (inception) to June 30, 2013 (Expressed in U.S. Dollars) (continued) (Unaudited)
Deficit Common Stock Accumulated Common Stock Issuable Additional During ------------------- ------------------ Paid-In Development Stockholders Shares Amount Shares Amount Capital Stage Equity ------ ------ ------ ------ ------- ----- ------ Stock cancelled at $0.24 per share on January 15, 2013 from the original issuance on August 30, 2012 (300,000) $ (300) -- $ -- $ (71,700) $ -- $ (72,000) Stock cancelled at $0.22 per share on January 15, 2013 from the original issuance on December 12, 2012 (150,000) (150) -- -- (32,850) -- (33,000) Stock issued at $0.15 per share for investor relations services on February 13, 2013 450,000 450 -- -- 67,050 -- 67,500 Stock issued at $0.10 per share for compensation to Board Members on April 17, 2013 600,000 600 -- -- 59,400 -- 60,000 Stock issued at $0.05 per share for debt to consultant on May 20, 2013 1,000,000 1,000 -- -- 49,000 -- 50,000 Stock issued at $0.06 per share for debt to Chairman on June 24, 2013 1,533,333 1,533 -- -- 90,467 -- 92,000 Stock issued at $0.06 per share for debt to a Vice President on June 24, 2013 1,000,000 1,000 -- -- 59,000 -- 60,000 Stock issued at $0.06 per share for debt to the CEO on June 24, 2013 8,500,000 8,500 -- -- 501,500 -- 510,000 Net Loss for the Period ended June 30, 2013 -- -- -- -- -- (352,056) (352,056) ---------- ------- ------- -------- ----------- ----------- ----------- Balance, June 30, 2013 82,200,034 $82,200 -- $ -- $ 2,985,756 $(4,039,259) $ (971,303) ========== ======= ======= ======== =========== =========== ===========
The accompanying notes are an integral part of these interim financial statements. 7 CASEY CONTAINER CORP. (A Development Stage Company) Statements of Cash Flows (Expressed in U.S. Dollars) (Unaudited)
Period from For the Six For the Six September 26, 2006 Months Ended Months Ended (Date of inception) to June 30, 2013 June 30, 2012 June 30, 2013 ------------- ------------- ------------- OPERATING ACTIVITIES: Net Loss $ (352,056) $ (1,210,969) $ (4,039,259) Adjustments to reconcile net loss to net cash used in operating activities: Expenses paid on our behalf by Related Parties 321,514 374,098 1,568,752 Impairment of Long Term Assets -- -- 27,379 Stock issued to Related Party for Expenses incurred on our behalf -- -- 76,000 Stock issued to Vice President for debt and Chairman for services -- 45,000 93,750 Stock issued to President and Vice President for compensation -- 85,000 320,000 Stock issued to Chairman for investor relations services -- 127,500 127,500 Stock issued to CEO/President for committed employment agreement -- 510,000 510,000 Stock issued and issuable for services to Related Party -- -- 60,000 Stock issued for services to Non-Officer Board Members 60,000 -- 60,000 Stock issued for services to Non-Related Party 67,500 -- 734,000 Stock issued for interest bearing loan payable -- -- 25,000 Stock issued to Non-Related Party for conversion of accounts payable 50,000 -- 50,000 Stock issued to Related Parties for conversion of accounts payable 569,750 -- 569,750 Stock issued to Related Parties for conversion of loans 92,250 -- 195,650 Accounts payables and loans due to Related Parties converted into stock (662,000) -- (662,000) Stock cancelled due to rescission of agreements (105,000) -- (105,000) Finance and interest charges added to loan payable 171 597 22,144 Prepaid expenses -- -- (8,100) Accounts payable and accrued expenses (41,931) 5,354 92,768 ------------ ------------ ------------ Net Cash Provided from Operating Activities 198 (71,520) (273,566) ------------ ------------ ------------ INVESTING ACTIVITIES: Mineral property option payment -- -- (9,000) ------------ ------------ ------------ Net Cash Used in Investing Activities -- -- (9,000) ------------ ------------ ------------ FINANCING ACTIVITIES: Repayment of Related party expenses paid on our behalf (8,520) (20,000) (224,411) Non-interest bearing loan from Related Party 4,850 107,350 132,200 Repayment of Related party loan -- (13,100) (13,100) Proceeds from loan payable -- -- 55,000 Common stock issued and issuable for cash -- -- 332,927 ------------ ------------ ------------ Net Cash Provided from Financing Activities (3,670) 74,250 282,616 ------------ ------------ ------------ Net Increase (Decrease) in Cash (3,472) 2,730 50 ------------ ------------ ------------ Cash, Beginning of the Period 3,522 115 -- ------------ ------------ ------------ Cash, End of the Period $ 50 $ 2,845 $ 50 ============ ============ ============ SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for interest $ -- $ -- $ -- ============ ============ ============ Cash paid for income taxes $ -- $ -- $ -- ============ ============ ============ NON CASH ACTIVITIES: Expenses paid on our behalf and loans from Related Parties exchanged for 11,033,333, 250,000 and 717,600 Common shares on June 24, 2013, April 11, 2012 and December 31, 2010 $ 662,000 $ 45,000 $ 886,400 ============ ============ ============ Stock issued for services to Non-Officer Board Members 60,000 -- 60,000 Stock issued for services to Non-Related Party 67,500 -- 734,000 Stock issued for interest bearing loan payable -- -- 25,000 Stock issued to Non-Related Party for conversion of accounts payable 50,000 -- 50,000 Stock issued to Related Parties for conversion of accounts payable 569,750 -- 569,750 Stock issued to Related Parties for conversion of loans 92,250 -- 195,650
The accompanying notes are an integral part of these interim financial statements. 8 CASEY CONTAINER CORP. (A DEVELOPMENT STAGE COMPANY) NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 2013 (Unaudited) 1. DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES DESCRIPTION OF BUSINESS AND HISTORY - Casey Container Corp. (formerly Sawadee Ventures Inc.), a Nevada corporation, (hereinafter referred to as the "Company" or "Casey") was incorporated in the State of Nevada on September 26, 2006. The Company's yearend is December 31. The Company initially was formed to engage in the acquisition, exploration and development of natural resource properties of merit and from September 2008 to serve as a vehicle to acquire an operating business. Effective January 6, 2010 Ms. Rachna Khanna tendered her resignation as the President, CEO, CFO and Director. Effective January 12, 2010, James Casey, Terry Neild and Robert Seaman were appointed as Directors of the Company. Mr. Casey was elected President, Mr. Terry Neild was elected Chief Executive Officer, Chief Financial Officer and Secretary and Mr. Seaman was elected Vice President-Operations. Effective February 7, 2011, Martin R. Nason was elected Chief Executive Officer, President and Chief Financial Officer. Mr. Neild remains Chairman of the Board of Directors and Secretary, Mr. Casey as Vice-President of Technical Services and Sales and Mr. Seaman as Vice-President-Operations. BASIS OF PRESENTATION - In the opinion of management, the accompanying balance sheets and related interim statements of operations, cash flows and stockholders' equity include all adjustments, consisting only of normal recurring items, necessary for their fair presentation in conformity with accounting principles generally accepted in the United States of America ("U. S. GAAP"). Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses. Actual results and outcomes may differ from managements' estimates and assumptions. Interim results are not necessarily indicative of results for a full year. The information included in this June 30, 2013 Form 10-Q should be read in conjunction with information included in the December 31, 2012 and 2011 Form 10-K. THE COMPANY TODAY The Company is currently a development stage company reporting under the provisions of Statement of Financial Accounting Standard ("FASB") No. 7, "Accounting and Reporting for Development Stage Enterprises." Effective January 12, 2010, the Company's Certificate of Incorporation was changed and the name of the Company was changed to Casey Container Corp. ("Casey"). Casey designs and will custom manufacture biodegradable PET and other polymer plastic preforms that become biodegradable PET and other polymer plastic bottles and containers, for such product lines as bottled water, bottled beverages and other consumer products. Casey has a non-binding supply and license agreement with Bio-Tec Environmental, LLC. Casey currently is considered a "shell" company inasmuch as it is not in production and has no revenues, employees or material assets. USE OF ESTIMATES - The preparation of the 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 amount of revenue and expenses during the reporting period. Actual results could differ from those estimates. RECENT ACCOUNTING PRONOUNCEMENTS - The Company has evaluated all recent accounting pronouncements and believes that none will have a material effect on the Company. 9 CASEY CONTAINER CORP. (A DEVELOPMENT STAGE COMPANY) NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 2013 (Unaudited) 2. GOING CONCERN The Company incurred net losses of $4,039,259 for the period from September 26, 2006 (Date of Inception) through June 30, 2013 and has commenced limited operations, raising substantial doubt about the Company's ability to continue as a going concern. The Company plans to continue to sell its restricted Common shares for cash and borrow from its directors, officers, related and non-related parties, as well as reduce its cash expenses. The ability of the Company to continue as a going concern is dependent on receiving such equity capital funds for cash and the success of the Company's plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. 3. INTANGIBLES The Company's accounting policy for Long-Lived Assets requires it to review on a regular basis for facts or circumstances that may suggest impairment. The Company recorded an asset Contract Rights for $18,379 (see Note 4 "Stockholders' Equity") at December 31, 2010. The Product Purchase Agreement ("PPA") is between the Company and Taste of Aruba (U.S.), Inc., a related party (see Note 4 "Stockholders' Equity" and Note 5 "Related Party Transactions"). The PPA does not provide a performance guaranty to purchase the Company's products. If there isn't substantial performance the Company's option would be to seek damages in a lawsuit, but there is no guaranty damages would be awarded or that any awarded damages would be collected. The Company determined the Contract Rights are impaired and expensed the full amount of $18,379 in 2010. 4. STOCKHOLDERS' EQUITY At June 30, 2013 and December 31, 2012, the Company has 10,000,000 Preferred shares authorized with a par value of $0.001 per share and 250,000,000 Common shares authorized with a par value of $0.001 per share. At June 30, 2013 and December 31, 2012, the Company has 82,200,034 and 69,566,701 Common shares issued and outstanding, respectively and no Preferred shares issued and outstanding. In the fiscal year ending December 31, 2006, 18,000,000 shares of the Company's Common stock were issued to the directors of the Company pursuant to a stock subscription agreement at $0.001 per share for total proceeds of $18,000. In the fiscal year ending December 31, 2007, 18,000,000 shares of the Company's Common stock were issued at a price of $0.002 per share for gross proceeds of $36,000. On March 24, 2010, 18,621,500 shares of the Company's Common stock were issued and issuable pursuant to a Commitment Agreement ("Agreement") dated January 12, 2010 with Taste of Aruba (U.S.), Inc. ("TOA"), a related party (see Note 5, "Related Party Transactions"), for a definitive Product Purchase Agreement ("PPA") with TOA for the Company to provide preforms for biodegradable bottles thru December 31, 2015, which did not result in proceeds to the Company (see Note 3 "Intangibles"). The Commitment Agreement provided for one share of the Company's Common shares to be issued for every two shares of TOA shares outstanding. The 18,379,000 shares issued to TOA shareholders was originally 18,621.500 shares, but two shareholders (105,000 shares) were inadvertently left off the shareholder list and three shareholders (347,500 shares) originally on the shareholder list should not have been, a net 10 CASEY CONTAINER CORP. (A DEVELOPMENT STAGE COMPANY) NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 2013 (Unaudited) 4. STOCKHOLDERS' EQUITY (continued) reduction of 242,500 shares. The Company valued the 18,379,000 shares at $0.001 per share because it determined the fair value of the shares was more reliably determinable than the value of the PPA, the transaction predated market activity in the Company's Common shares which began February 19, 2010, the number of shares issued pursuant to the Agreement represented 33% of the total shares outstanding after the issuance and almost four times the total 2010 traded volume of the Company's Common shares. The issuable shares were issued on January 13, 2011. On May 15, 2010, 6,000 shares of the Company's Common shares were issued at $0.333 per share for $2,000 to a non-related party, at a discount to the closing price on May 14, 2010. On May 22, 2010, 400 shares of the Company's Common shares were issued at $0.333 per share for $132 to a non-related party, at a discount to the closing price on May 19, 2010. On December 14, 2010, 470,000 shares of the Company's Common shares were issued at $0.15 per share for $70,500 to a non-related party, at a discount to the closing price on December 13, 2010. The Common shares were issued on January 13, 2011. On December 30, 2010, 717,600 shares of the Company's Common shares were issued in exchange for non-interest bearing loans made by Mr. Terry Neild, Chairman of the Board and officer to the Company, at $0.25 per share, the closing price on December 29, 2010 (See Note 5 "Related Party Transactions."). On January 13, 2011, 250,000 Common shares previously issued to a consultant to provide investor relations services were forfeited and cancelled for non-performance. On January 27, 2011, the Company issued 200,000 Common shares in connection with a consulting agreement for investor relations services with Falcon Financial Partners LLC. The shares were valued at $0.17 per share, the closing price of its Common shares on the OTC.BB. The $34,000 value was expense in the quarter ended March 31, 2011. On February 7, 2011, the Company issued 1,000,000 Common shares to Martin R. Nason, as part of an employment contract as Chief Executive Officer, President and Chief Financial Officer. The shares were valued at $0.12 per share, the closing price of its Common shares on the OTC.BB. The $120,000 value was expensed in the quarter ended March 31, 2011. On February 7, 2011, the Company issued 1,000,000 Common shares to Auspice Capital LLC, a related party (see Note 5 "Related Party Transactions") for a verbal agreement for investor relations, consulting services and assistance to the Company in raising cash equity. The shares were valued at $0.12 per share, the closing price of its Common shares on the OTC.BB. The $120,000 value was expensed in the quarter ended March 31, 2011. On February 25, 2011 the Board of Directors approved selling up to six million Common shares at $0.15 per share to raise cash equity to provide working capital and/or equipment to commence operations. On February 24, 2011, the closing price of its Common shares on the OTC.BB was $0.23 per share. The Board considered 11 CASEY CONTAINER CORP. (A DEVELOPMENT STAGE COMPANY) NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 2013 (Unaudited) 4. STOCKHOLDERS' EQUITY (continued) numerous factors to determine the discounted $0.15 price, including but not limited to, the average number of shares traded per day over the previous several months, the high, low and closing price range over the previous several months, the lack of liquidity for the Common shares and the lack of credit availability. On March 4, 2011, the Company sold 633,667 Common shares for $95,050 cash at $0.15 per share to four (4) non-related parties. A 10% finder's fee of $9,505 was paid, which was charged to Additional Paid-In Capital. On March 31, 2011, the Company sold 50,000 Common shares for $7,500 cash at $0.15 per share to a non-related party. A 10% finder's fee of $750 was paid, which was charged to Additional Paid-In Capital. On April 21, 2011, the Company sold 333,334 Common shares for $50,000 cash at $0.15 per share to a non-related party. On June 17, 2011, the Company issued 750,000 shares to its Chairman for $48,750 at $0.065 per share (the closing price of the Common shares on June 17, 2011) for reimbursement for investor relations services paid by the Chairman to non-related vendors. The $48,750 was expensed in the quarter ending June 30, 2011. On June 17, 2011, the Company issued 1,500,000 shares to its President and Chief Executive Officer for $97,500 cash at $0.065 per share (the closing price of the Common shares on June 17, 2011) as compensation. The $97,500 was expensed in the quarter ending June 30, 2011. On April 11, 2012, the Company issued 250,000 shares at $0.18 per share (the closing price of the Common shares on April 11, 2012) to its Vice President in exchange for $45,000 owed to the Vice President for prior services rendered. (see Note 5, "Related Party Transactions"). On June 20, 2012, the Company agreed to issue ("issuable') 4,250,000 shares at $0.17 per share (the closing price of the Common shares on June 20, 2012) for a total value of $722,500. Of the 4,250,000 shares, 500,000 shares with a value of $85,000 were for services by its Vice President; 750,000 shares with a value of $127,500 were for investor relations services by its Chairman; 3,000,000 shares with a value of $510,000 was for a committed five-year employment agreement by its Chief Executive Officer, President and Chief Financial Officer. The $722,500 was expensed in the quarter ending Jun 30, 2012 and the 4,250,000 issuable shares were issued on July 5, 2012. On July 17, 2012, the Company agreed to issue 3,000,000 shares at $0.15 per share (the closing price of the Common shares on July 17, 2012) for a value of $450,000 to Shoreline Consulting International for investor relations services, in connection with the Company's consulting agreements with Rathbourne Mercantile Ltd. and Lankford Consulting International, Inc. and the private equity fund ARG Vermogensverwaltung AG (see Note 6 "Rathbourne Mercantile Ltd. Consulting Agreement"). On August 3, 2012, the Company agreed to issue 250,000 shares at $0.22 per share (the closing price of the Common shares on August 3, 2012) for a value of $55,000 to Rathbourne Mercantile, Ltd. (see Note 6 "Rathbourne Mercantile Ltd Consulting Agreement") for consulting services. The $55,000 was expensed in the quarter ending September 30, 2012. 12 CASEY CONTAINER CORP. (A DEVELOPMENT STAGE COMPANY) NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 2013 (Unaudited) 4. STOCKHOLDERS' EQUITY (continued) On August 30, 2012, the Company agreed to issue 300,000 shares at $0.24 per share (the closing price of the Common shares on August 30, 2012) for a value of $72,000 to South Corner LLC for consulting and investor relations services. The $72,000 was expensed in the quarter ending September 30, 2012. On October 17, 24, 25, 2012 and November 14, 2012, the Company issued 426,700 shares for $64,000 in cash to non-related parties, at $0.15 per share, a discount from the October 17, 2012, the commitment date closing price of $0.29 per share. The discount is due to volatility, lack of liquidity and restrictions on the Company's Common shares on the OTC.BB. On December 12, 2012, the Company issued 150,000 restricted Common shares for consulting and investor relations services for $33,000, at $0.22 per share, the closing price of the Company's Common shares on the OTC.BB. The amount was expensed in the quarter ending December 31, 2012. On December 27, 2012, the Company issued 150,000 shares for consulting and investor relations services for $22,500, at $0.15 per share, the closing price of the Company's common shares on the OTC.BB. The amount was expensed in the quarter ending December 31, 2012. On January 15, 2013, the Company entered into a Rescission Agreement regarding the August 30, 2012 and December 12, 2012 issuances of 300,000 restricted Common shares and 150,000 restricted Common shares, respectively, due to the Company's inability to utilize the Consultant's services as expected during the terms of each of the two consulting and investor relations services agreements. The Company reversed the $72,000 and $33,000 originally recorded in the quarters ending September 30, 2012 and December 31, 2012, respectively. On February 13, 2013, the Company signed a Consulting Agreement with the same group and issued a total of 450,000 restricted Common shares at $0.15 per share, the closing price of the Company's Common shares on the OTC.BB. The Company expensed $67,500 in the quarter ending March 31, 2013. On April 17, 2013, the Company signed two Agreements To Serve On Board Of Directors with two new independent Board of Director members and issued a total of 600,000 restricted Common shares, 300,000 to each, at $0.10 per share, the closing price of the Company's common shares on the OTC.BB. The Company expensed $60,000 in the quarter ending June 30, 2013. On May 20, 2013, the Company signed a Debt Settlement Agreement and issued 1,000,000 restricted Common shares in exchange for $50,000 in Accounts Payable due to a creditor, at $0.05 per share, a 28.6% discount from the closing price of the Company's freely-traded Common shares of $0.07 on the OTC.BB. On June 24, 2013, the Company signed three Debt Settlement Agreements and issued at total of 11,033,333 restricted Common shares in exchange for a total of $662,000 in amounts Due To Related Parties and Non-Interest Bearing Loans From Related Parties, of which $92,000 was owed to its Chairman ($41,750 Due To Related Parties and $50,250 Non-Interest Bearing Loans From Related Parties), $510,000 was owed to its Chief Executive Officer and President ($510,000 Due To Related Parties) and $60,000 owed to its Vice President of Sales and Technical Services ($18,000 in Due To Related Parties and $42,000 in Non-Interest Bearing Loans From Related Parties). The debt settlement was at $0.06 per share, a 14.3% discount from the closing price of its freely-traded shares of $0.07 on the OTC.BB. 13 CASEY CONTAINER CORP. (A DEVELOPMENT STAGE COMPANY) NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 2013 (Unaudited) 5. RELATED PARTY TRANSACTIONS As of June 30, 2013 and December 31, 2012, respectively, $801,441 and $1,031,347 is due to Company officers for unpaid expenses, fees and loans. Terry W. Neild, Chief Executive Officer, Chief Financial Officer, Secretary and Director made several non-interest bearing cash loans totaling $179,400 to the Company during the year 2010. On December 30, 2010, Mr. Neild exchanged these non-interest bearing cash loans for 717,600 Restricted Common shares, at $0.25 per share, the closing price of the Company's Common shares on the date of conversion. Mr. Neild is also Chairman of the Board and shareholder of Taste of Aruba (U.S.), Inc. (see Note 3 "Intangible Assets" and Note 4 "Stockholders' Equity"). On January 28, 2011, a related party loaned the Company $20,000 in a non-interest bearing loan (See Note 10 "Non-Interest Bearing Loans"). On February 7, 2011, 1,000,000 Common shares were issued to Auspice Capital LLC, a related party, in connection with a verbal agreement for investor relations, consulting and capital raising services and on October 31, 2011, the Company cancelled 500,000 of the original shares regarding performance under the verbal agreement (see Note 4 "Stockholders' Equity"). On February 3, 2012, a related party made a non-interest bearing loan of $7,000, of which $5,000 was repaid on May 23, 2012. On February 10, 2012, the Chief Executive Officer loaned $7,000 in a non-interest bearing loan, which was repaid on February 13, 2012. On February 22, 2012, the Chief Executive Officer loaned $1,100 in a non-interest bearing loan, which was repaid on April 25 and May 17, 2012 (See Note 7 "Non-Interest Bearing Loans"). On May 21 and May 30, 2012, the Chairman of the Board loaned the Company $12,000 and $38,250, respectively, in a non-interest bearing loan. On April 11, 2012, 250,000 Common shares were issued at $0.18 per share (the closing price of the Common shares on April 11, 2012) to a Vice President in exchange for amounts owed for services rendered and expensed in the period ending March 31, 2012. On April 18 and May 17, 2012, a Vice President loaned the Company $38,000 and $4,000, respectively, in a non-interest bearing loan. See Note 7, "Non-Interest Bearing Loans." On March 5, 2013, the Company borrowed $4,850 in a non-interest bearing loan, from a firm controlled by the Chairman of the Board. On June 24, 2013, the Chairman, Chief Executive Officer and President and the Vice President Sales and Technical Services signed Debt Settlement Agreements, converting $92,000, $510,000 and $60,000, respectively of unpaid expenses, fees and loans into 1,533,333, 8,500,000 and 1,000,000, respectively of Restricted Common Shares (see Note 4 "Stockholders' Equity") at $0.06 per share. On June 24, 2013, the closing price of the Company's freely-traded shares on the OTC.BB was $0.07 per share, representing a 14.3% discount due. A Form 8-K was filed by the Company on July 1, 2013. Amounts outstanding to Related Parties, at June 30, 2013 and December 31, 2012, respectively, are unsecured: June 30, December 31, 2013 2012 ---------- ---------- Unpaid expenses and fees to Officers/Directors $ 801,441 $1,031,347 ---------- ---------- Non-interest bearing loans to Related Parties Non Officer/Director $ 22,000 $ 22,000 Chairman of the Board/Officer and Controlled Entity $ 4,850 $ 50,250 Vice President and Director $ -- $ 42,000 ---------- ---------- Total $ 26,850 $ 114,250 ========== ========== 14 CASEY CONTAINER CORP. (A DEVELOPMENT STAGE COMPANY) NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 2013 (Unaudited) 6. RATHBOURNE MERCANTILE LTD./LANKFORD CONSULTING, INC. AGREEMENTS On March 26, 2012, the Company entered into a one-year Consulting Agreement with Rathbourne Mercantile Ltd. ("Rathbourne"), effective March 22, 2012, for investor relations services and introductions to potential equity investors. Remuneration was $37,500 for an independent valuation report of the Company, which was expensed in the quarter ending March 31, 2012. If Rathbourne introduced the Company to an investor and the Company successfully completed an equity capital financing with the party introduced, Rathbourne would receive a 7% cash finder's fee of the gross amount funded and 7% of the issued shares of the Company. The Company was introduced by Rathbourne to ARG Vermogensverwaltung AG, a private equity fund based in Munich, Germany, who issued a Letter of Interest on March 22, 2012 to facilitate a financing of the Company for approximately $5 million. On August 3, 2012, the Company and Rathbourne Mercantile Ltd. signed a Novation of Previous Consulting Agreement regarding its March 26, 2012 Consulting Agreement substituting Lankford Consulting, Inc. as the entity to perform the services. There were no changes made to the Lankford Consulting, Inc. Consulting Agreement. On August 3, 2012, the Company agreed to issue 250,000 shares to Rathbourne Mercantile Ltd. for consulting services at $0.22 per share, the closing price of the Company's Common shares on August 3, 2012 (see Note 4 "Stockholders' Equity"). On May 28, 2013, the Company issued a letter informing Langford Consulting Group and its associated companies Shoreline Consulting International and Rathbourne Mercantile Ltd, effective immediately, the Company was ending all relationships. 7. NON-INTEREST BEARING LOANS On January 28, 2011 and February 3, 2012, Auspice Capital, a related party, loaned the Company a total of $27,000 in non-interest bearing loans of which $22,000 are outstanding as of June 30, 2013 and December 31, 2012, respectively (see Note 5 "Related Party Transactions"). On April 18 and May 17, 2012, the Vice President Sales and Technical Services, loaned the Company $38,000 and $4,000, respectively, in non-interest bearing loans, of which none and $42,000 are outstanding as of June 30, 2013 and December 31, 2012, respectively (see Note 5 "Related Party Transactions"). On May 21 and 30, 2012 and March 5, 2013, the Chairman of the Board and his controlled entity the loaned the Company $12,000, $38,250 and $4,850, respectively, in non-interest bearing loans, of which $4,850 and $50,250 are outstanding as of June 30, 2013 and December 31, 2012, respectively (see Note 5 "Related Party Transactions"). On June 24, 2013, the Chairman and Vice President of Sales and Technical Services, converted $4,850 and $42,000, respectively of Non-Interest Bearing Loans into restricted Common Shares of the Company (see Note 4 "Stockholders' Equity" and Note 5 "Related Party Transactions"). The related party loans are due upon receipt of the Company's cash equity funding (see Note 6 "Rathbourne Mercantile Ltd./Lankford Consulting, Inc.") or any other cash equity funding from other parties. 15 CASEY CONTAINER CORP. (A DEVELOPMENT STAGE COMPANY) NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 2013 (Unaudited) 7. NON-INTEREST BEARING LOANS (continued) The amounts of all non-interest bearing loans outstanding at June 30, 2013 and December 31, 2012, respectively, are to Related Parties (all amounts are unsecured - see Note 5, "Related Party Transactions") follows: June 30, December 31, 2013 2012 -------- -------- Non-interest bearing loans to Related Parties Non-Officer/Director $ 22,000 $ 22,000 Chairman of the Board/Officer and Controlled Entity $ 4,850 $ 50,250 Vice President and Director $ -- $ 42,000 -------- -------- Total $ 26,850 $114,250 ======== ======== 8. INTEREST BEARING LOANS On August 12 and 19, 2011, a nonrelated party loaned the Company $15,000 in an interest-bearing Promissory Note, at 8% per annum and a one-time financing fee of $9,900. The financing fee was expensed in the period ending September 30, 2011. The loan, one-time financing fee and unpaid accrued interest is due upon the Company's receipt of the first funding of equity capital from an investor group. The loan and unpaid accrued interest is unsecured and not in default. On August 27, 2012, the Company borrowed $40,000 in a ninety day non-interest bearing Promissory Note and a one-time financing fee of $10,000 from a non-related party. The one-time financing fee was expensed in the quarter ending September 30, 2012. If the $50,000 was not paid within ninety days of the date of the Promissory Note, interest at the rate of 10% per annum would begin accruing until full payment is made. On January 31, 2013, the Company renewed the original Promissory Note, extending the maturity date to April 30, 2013 and on June 22, 2013, the maturity date was extended to December 31, 2013. The accrued interest as of December 31, 2012 was reversed in the quarter ending March 31, 2013. The loan is unsecured. The amounts of all interest-bearing loans and accrued interest outstanding as of June 30, 2013 and December 31, 2012, respectively, follow: June 30, December 31, 2013 2012 -------- -------- Non-Related Party - principal $ 24,900 $ 24,900 cumulative accrued interest $ 2,244 $ 1,650 Non-Related Party - principal $ 50,000 $ 50,000 cumulative accrued interest $ -- $ 423 -------- -------- Total $ 77,144 $ 76,973 ======== ======== 9. SUBSEQUENT EVENTS On July 20, 2013, the Company sold for cash 400,000 restricted Common shares at $0.05 per share for $20,000. The closing price of the Company's freely-traded shares on the OTC.BB on July 19, 2013 was $0.07, a discount of 28.6% discount. 16 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION FORWARD LOOKING STATEMENTS Some of the statements contained in this Form 10-Q that are not historical facts are "forward-looking statements" which can be identified by the use of terminology such as "estimates," "projects," "plans," "believes," "expects," "anticipates," "intends," or the negative or other variations, or by discussions of strategy that involve risks and uncertainties. We urge you to be cautious of the forward-looking statements, that such statements, which are contained in this Form 10-Q, reflect our current beliefs with respect to future events and involve known and unknown risks, uncertainties and other factors affecting our operations, market growth, services, products and licenses. No assurances can be given regarding the achievement of future results, as actual results may differ materially as a result of the risks we face, and actual events may differ from the assumptions underlying the statements that have been made regarding anticipated events. All written forward-looking statements made in connection with this Form 10-Q that are attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. Given the uncertainties that surround such statements, you are cautioned not to place undue reliance on such forward-looking statements. The safe harbours of forward-looking statements provided by the Securities Litigation Reform Act of 1995 are unavailable to issuers not subject to the reporting requirements set forth under Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended. As we have not registered our securities pursuant to Section 12 of the Exchange Act, such safe harbours set forth under the Reform Act are unavailable to us. RESULTS OF OPERATIONS Casey Container Corp., a Nevada corporation, was incorporated under the name Sawadee Ventures Inc. in the State of Nevada on September 26, 2006. The Company was formed to engage in the acquisition, exploration and development of natural resource properties of merit. In November of 2009 we entered into an Additive Supply and License Agreement with Bio-Tec Environmental, developer of the breakthrough EcoPure(R) technology. The Agreement has an effective date of January 1, 2010. We now have the unique ability to offer a revolutionary biodegradable PET plastic packaging solution that is FDA compliant. Casey Container can design and custom manufacture biodegradable PET plastic preforms that become PET plastic containers, such as bottles for water or other beverage products. The Company is committed to developing container products that meet the demands of its clients while addressing today's most fundamental environmental issues concerning the proliferation of plastics. The Company offers biodegradable plastic packaging solutions using the breakthrough science of EcoPure(R) technology. In short, the Company provides environmentally responsible plastic packaging solutions to assist its clients in obtaining a competitive advantage in the marketplace. Working with Bio-Tec Environmental, developer of the breakthrough EcoPure(R) technology, the Company now has the unique ability to offer a revolutionary biodegradable PET plastic packaging solution that is FDA compliant. We are still in our development stage and have generated no revenue to date. We incurred operating expenses of $190,158 and $968,010 for the three-month periods ended June 30, 2013 and 2012, respectively and $351,885 and $1,210,372 for the six-month periods ended June 30, 2013 and 2012, respectively. These expenses consisted primarily of general and administrative expenses. At June 30, 2013 and December 31, 2012, we had cash on hand of $50 and $3,522 respectively. Our total assets at June 30, 2013 and December 31, 2012 are $50 and $3,522. Our liabilities were $971,353 and $1,357,269, respectively. 17 As of June 30, 2013, we had an accumulated deficit from inception of $4,039,259. On January 12, 2010, we signed a Commitment Agreement for the production of its preforms to be used by Taste of Aruba (U.S.), Inc., a related party, to produce biodegradable water bottles. On March 29, 2010, the Company and Taste of Aruba (U.S.), Inc. entered into a definitive Product Purchase Agreement for the Company to provide preforms thru December 31, 2015. We issued 18,379,000 Common Stock shares to Taste of Aruba (U.S.), Inc.'s shareholders as an inducement for the Product Purchase Agreement as enumerated in the Commitment Agreement. On March 26, 2012, the Company received a Letter of Interest from ARG Vermogensverwaltung AG, a private equity fund based in Munich, Germany, to facilitate a financing for the Company of approximately $5 million. The following table provides selected financial data about our company for the period from the date of incorporation through June 30, 2013. Balance Sheet Data: 6/30/13 ------------------- --------- Cash $ 50 Total assets $ 50 Total liabilities $ 971,353 Shareholders' equity $(971,303) Our auditors have expressed their doubt about our ability to continue as a going concern unless we are able to raise additional equity cash and/or loans and generate profitable operations. LIQUIDITY AND CAPITAL RESOURCES We currently have $50 cash on hand. We don't believe we can meet our cash needs for the next twelve months without additional loans and/or equity infusions. PLAN OF OPERATION Casey Container Corp., a Nevada corporation, was incorporated under the name Sawadee Ventures Inc. in the State of Nevada on September 26, 2006. The Company was formed to engage in the acquisition, exploration and development of natural resource properties of merit. In November of 2009 we changed direction and entered into an Additive Supply and License Agreement with Bio-Tec Environmental, developer of the breakthrough EcoPure(R) technology. The Agreement has an effective date of January 1, 2010. We now have the unique ability to offer a revolutionary biodegradable PET plastic packaging solution that is FDA compliant. We have not generated any income since inception, and for the three months ended June 30, 2013 and 2012 we incurred a net loss of $190,457 and $968,309, respectively. We are currently focusing on generating revenue by implementing three phases of our strategy. First, we plan to raise capital to purchase manufacturing equipment and lease a manufacturing facility and provide working capital. Second, we plan to increase our customer base. Third, we intend to leverage our assets to expand our business model through the acquisitions of related businesses. OFF-BALANCE SHEET ARRANGEMENTS We have no off-balance sheet arrangements. 18 ITEM 4. CONTROLS AND PROCEDURES EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES Under the supervision and with the participation of our management, including our principal executive officer and the principal financial officer, we have conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities and Exchange Act of 1934, as of the end of the period covered by this report. Based on this evaluation, our principal executive officer and principal financial officer concluded as of the evaluation date that our disclosure controls and procedures are not effective due to management override of controls and lack of segregation of duties due to our size. However, we did conclude that the material information required to be included in our Securities and Exchange Commission reports is accumulated and communicated to our management, including our principal executive officer and principal financial officer, recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms relating to our company, particularly during the period when this report was being prepared. CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING. There was no change in our internal control over financial reporting identified in connection with the evaluation required by Rule 13a-15(d) and 15d-15(d) of the Exchange Act that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. PART II. OTHER INFORMATION ITEM 6. EXHIBITS
Exhibit Description Method of Filing ------- ----------- ---------------- 3.1 Articles of Incorporation Incorporated by reference to Exhibit 3.1 to the Company's Registration Statement on Form SB-2 filed with the SEC on February 5, 2007. 3.2 Bylaws Incorporated by reference to Exhibit 3.1 to the Company's Registration Statement on Form SB-2 filed with the SEC on February 5, 2007. 31.1 Certification of Chief Executive Filed electronically Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. 31.2 Certification of Chief Financial Filed electronically Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. 32.1 Certification of Chief Executive Filed electronically Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. 32.2 Certification of Chief Financial Filed electronically Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. 101 Interactive Data Files pursuant to Rule Filed electronically 405 of Regulation S-T.
19 SIGNATURES In accordance with the requirements of the Securities Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on August 16, 2013. CASEY CONTAINER CORP. /s/ Martin R Nason --------------------------------------- Martin R Nason, Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer 20
EX-31 2 ex31-1.txt Exhibit 31.1 CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 CERTIFICATION OF CHIEF EXECUTIVE OFFICER I, Martin R Nason, certify that: 1. I have reviewed this amended quarterly report on Form 10-Q/A of Casey Container Corp.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a) All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: August 16, 2013 /s/ Martin R Nason ------------------------------------ Martin R Nason Chief Executive Officer EX-31 3 ex31-2.txt Exhibit 31.2 CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 CERTIFICATION OF CHIEF FINANCIAL OFFICER I, Martin R Nason, certify that: 1. I have reviewed this amended quarterly report on Form 10-Q/A of Casey Container Corp.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a) All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: August 16, 2013 /s/ Martin R Nason --------------------------------- Martin R Nason Chief Financial Officer EX-32 4 ex32-1.txt Exhibit 32.1 CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. 1350 (SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002) In connection with the amended Quarterly Report of Casey Container Corp. (the "Company") on Form 10-Q/A for the quarter ending June 30, 2013 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Martin R Nason, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. ss.1350, as adopted pursuant to ss.906 of the Sarbanes-Oxley Act of 2002, that: (1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. /s/ Martin R Nason ------------------------------------ Martin R Nason Chief Executive Officer August 16, 2013 This certification accompanies this Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the Company specifically incorporates it by reference. A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request. EX-32 5 ex32-2.txt Exhibit 32.2 CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO 18 U.S.C. 1350 (SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002) In connection with the amended Quarterly Report of Casey Container Corp. (the "Company") on Form 10-Q/A for the quarter ending June 30, 2013 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Martin R Nason, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. ss.1350, as adopted pursuant to ss.906 of the Sarbanes-Oxley Act of 2002, that: (1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. /s/ Martin R Nason ---------------------------------- Martin R Nason Chief Financial Officer August 16, 2013 This certification accompanies this Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the Company specifically incorporates it by reference. A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request. EX-101.INS 6 csey-20130630.xml 0.001 0.001 10000000 10000000 0.001 0.001 250000000 250000000 82200034 69566701 82200034 69566701 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10000 0 0 0 0 27379 190158 968010 351885 1210372 3999637 190158 968010 351885 1210372 4037016 299 299 171 597 2243 299 299 171 597 2243 0 0 0 0 0 -190457 -968309 -352056 -1210969 -4039259 0.00 -0.02 -0.01 -0.02 71232635 61476814 70332171 61133408 -352056 -1210969 -4039259 321514 374098 1568752 0 0 27379 0 0 76000 0 45000 93750 0 85000 320000 0 127500 127500 0 510000 510000 0 0 60000 60000 0 60000 67500 0 734000 0 0 25000 50000 0 50000 569750 0 569750 92250 0 195650 -662000 0 -662000 -105000 0 -105000 171 597 22144 -8100 0 -41931 5354 92768 198 -71520 -273566 0 0 -9000 0 0 -9000 -8520 -20000 -224411 4850 107350 132200 0 -13100 -13100 0 0 55000 0 0 332927 -3670 74250 282616 -3472 2730 50 3522 115 0 50 2845 50 0 0 0 0 0 0 662000 45000 886400 60000 0 60000 67500 0 734000 0 0 25000 50000 0 50000 569750 0 569750 92250 0 195650 11033333 250000 717600 <!--egx--><pre>1. DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING</pre><pre>POLICIES</pre><pre>DESCRIPTION OF BUSINESS AND HISTORY - Casey Container Corp. (formerly Sawadee</pre><pre>Ventures Inc.), a Nevada corporation, (hereinafter referred to as the "Company"</pre><pre>or "Casey") was incorporated in the State of Nevada on September 26, 2006. The</pre><pre>Company's yearend is December 31. The Company initially was formed to engage in</pre><pre>the acquisition, exploration and development of natural resource properties of</pre><pre>merit and from September 2008 to serve as a vehicle to acquire an operating</pre><pre>business.</pre><pre>Effective January 6, 2010 Ms. Rachna Khanna tendered her resignation as the</pre><pre>President, CEO, CFO and Director. Effective January 12, 2010, James Casey, Terry</pre><pre>Neild and Robert Seaman were appointed as Directors of the Company. Mr. Casey</pre><pre>was elected President, Mr. Terry Neild was elected Chief Executive Officer,</pre><pre>Chief Financial Officer and Secretary and Mr. Seaman was elected Vice</pre><pre>President-Operations. Effective February 7, 2011, Martin R. Nason was elected</pre><pre>Chief Executive Officer, President and Chief Financial Officer. Mr. Neild</pre><pre>remains Chairman of the Board of Directors and Secretary, Mr. Casey as</pre><pre>Vice-President of Technical Services and Sales and Mr. Seaman as</pre><pre>Vice-President-Operations.</pre><pre>BASIS OF PRESENTATION - In the opinion of management, the accompanying balance</pre><pre>sheets and related interim statements of operations, cash flows and</pre><pre>stockholders' equity include all adjustments, consisting only of normal</pre><pre>recurring items, necessary for their fair presentation in conformity with</pre><pre>accounting principles generally accepted in the United States of America ("U. S.</pre><pre>GAAP"). Preparing financial statements requires management to make estimates and</pre><pre>assumptions that affect the reported amounts of assets, liabilities, revenue and</pre><pre>expenses. Actual results and outcomes may differ from managements' estimates and</pre><pre>assumptions. Interim results are not necessarily indicative of results for a</pre><pre>full year. The information included in this June 30, 2013 Form 10-Q should be</pre><pre>read in conjunction with information included in the December 31, 2012 and 2011</pre><pre>Form 10-K.</pre><pre>THE COMPANY TODAY</pre><pre>The Company is currently a development stage company reporting under the</pre><pre>provisions of Statement of Financial Accounting Standard ("FASB") No. 7,</pre><pre>"Accounting and Reporting for Development Stage Enterprises."</pre><pre>Effective January 12, 2010, the Company's Certificate of Incorporation was</pre><pre>changed and the name of the Company was changed to Casey Container Corp.</pre><pre>("Casey"). Casey designs and will custom manufacture biodegradable PET and other</pre><pre>polymer plastic preforms that become biodegradable PET and other polymer plastic</pre><pre>bottles and containers, for such product lines as bottled water, bottled</pre><pre>beverages and other consumer products. Casey has a non-binding supply and</pre><pre>license agreement with Bio-Tec Environmental, LLC. Casey currently is considered</pre><pre>a "shell" company inasmuch as it is not in production and has no revenues,</pre><pre>employees or material assets.</pre><pre>USE OF ESTIMATES - The preparation of the financial statements in conformity</pre><pre>with generally accepted accounting principles requires management to make</pre><pre>estimates and assumptions that affect the reported amounts of assets and</pre><pre>liabilities and disclosure of contingent assets and liabilities at the date of</pre><pre>the financial statements and the reported amount of revenue and expenses during</pre><pre>the reporting period. Actual results could differ from those estimates.</pre><pre>RECENT ACCOUNTING PRONOUNCEMENTS - The Company has evaluated all recent</pre><pre>accounting pronouncements and believes that none will have a material effect on</pre><pre>the Company.</pre> <!--egx--><pre>2. GOING CONCERN</pre><pre>The Company incurred net losses of $4,039,259 for the period from September 26,</pre><pre>2006 (Date of Inception) through June 30, 2013 and has commenced limited</pre><pre>operations, raising substantial doubt about the Company's ability to continue as</pre><pre>a going concern. The Company plans to continue to sell its restricted Common</pre><pre>shares for cash and borrow from its directors, officers, related and non-related</pre><pre>parties, as well as reduce its cash expenses. The ability of the Company to</pre><pre>continue as a going concern is dependent on receiving such equity capital funds</pre><pre>for cash and the success of the Company's plan. The financial statements do not</pre><pre>include any adjustments that might be necessary if the Company is unable to</pre><pre>continue as a going concern.</pre> <!--egx--><pre>3. INTANGIBLES</pre><pre>The Company's accounting policy for Long-Lived Assets requires it to review on a</pre><pre>regular basis for facts or circumstances that may suggest impairment.</pre><pre>The Company recorded an asset Contract Rights for $18,379 (see Note 4</pre><pre>"Stockholders' Equity") at December 31, 2010. The Product Purchase Agreement</pre><pre>("PPA") is between the Company and Taste of Aruba (U.S.), Inc., a related party</pre><pre>(see Note 4 "Stockholders' Equity" and Note 5 "Related Party Transactions"). The</pre><pre>PPA does not provide a performance guaranty to purchase the Company's products.</pre><pre>If there isn't substantial performance the Company's option would be to seek</pre><pre>damages in a lawsuit, but there is no guaranty damages would be awarded or that</pre><pre>any awarded damages would be collected. The Company determined the Contract</pre><pre>Rights are impaired and expensed the full amount of $18,379 in 2010.</pre> <!--egx--><pre>4. STOCKHOLDERS' EQUITY</pre><pre>At June 30, 2013 and December 31, 2012, the Company has 10,000,000 Preferred</pre><pre>shares authorized with a par value of $0.001 per share and 250,000,000 Common</pre><pre>shares authorized with a par value of $0.001 per share. At June 30, 2013 and</pre><pre>December 31, 2012, the Company has 82,200,034 and 69,566,701 Common shares</pre><pre>issued and outstanding, respectively and no Preferred shares issued and</pre><pre>outstanding.</pre><pre>In the fiscal year ending December 31, 2006, 18,000,000 shares of the Company's</pre><pre>Common stock were issued to the directors of the Company pursuant to a stock</pre><pre>subscription agreement at $0.001 per share for total proceeds of $18,000.</pre><pre>In the fiscal year ending December 31, 2007, 18,000,000 shares of the Company's</pre><pre>Common stock were issued at a price of $0.002 per share for gross proceeds of</pre><pre>$36,000.</pre><pre>On March 24, 2010, 18,621,500 shares of the Company's Common stock were issued</pre><pre>and issuable pursuant to a Commitment Agreement ("Agreement") dated January 12,</pre><pre>2010 with Taste of Aruba (U.S.), Inc. ("TOA"), a related party (see Note 5,</pre><pre>"Related Party Transactions"), for a definitive Product Purchase Agreement</pre><pre>("PPA") with TOA for the Company to provide preforms for biodegradable bottles</pre><pre>thru December 31, 2015, which did not result in proceeds to the Company (see</pre><pre>Note 3 "Intangibles"). The Commitment Agreement provided for one share of the</pre><pre>Company's Common shares to be issued for every two shares of TOA shares</pre><pre>outstanding. The 18,379,000 shares issued to TOA shareholders was originally</pre><pre>18,621.500 shares, but two shareholders (105,000 shares) were inadvertently left</pre><pre>off the shareholder list and three shareholders (347,500 shares) originally on</pre><pre>the shareholder list should not have been, a net reduction of 242,500 shares.</pre><pre>The Company valued the 18,379,000 shares at $0.001 per share because it</pre><pre>determined the fair value of the shares was more reliably determinable than the</pre><pre>value of the PPA, the transaction predated market activity in the Company's</pre><pre>Common shares which began February 19, 2010, the number of shares issued</pre><pre>pursuant to the Agreement represented 33% of the total shares outstanding after</pre><pre>the issuance and almost four times the total 2010 traded volume of the Company's</pre><pre>Common shares. The issuable shares were issued on January 13, 2011.</pre><pre>On May 15, 2010, 6,000 shares of the Company's Common shares were issued at</pre><pre>$0.333 per share for $2,000 to a non-related party, at a discount to the closing</pre><pre>price on May 14, 2010.</pre><pre>On May 22, 2010, 400 shares of the Company's Common shares were issued at $0.333</pre><pre>per share for $132 to a non-related party, at a discount to the closing price on</pre><pre>May 19, 2010.</pre><pre>On December 14, 2010, 470,000 shares of the Company's Common shares were issued</pre><pre>at $0.15 per share for $70,500 to a non-related party, at a discount to the</pre><pre>closing price on December 13, 2010. The Common shares were issued on January 13,</pre><pre>2011.</pre><pre>On December 30, 2010, 717,600 shares of the Company's Common shares were issued</pre><pre>in exchange for non-interest bearing loans made by Mr. Terry Neild, Chairman of</pre><pre>the Board and officer to the Company, at $0.25 per share, the closing price on</pre><pre>December 29, 2010 (See Note 5 "Related Party Transactions.").</pre><pre>On January 13, 2011, 250,000 Common shares previously issued to a consultant to</pre><pre>provide investor relations services were forfeited and cancelled for</pre><pre>non-performance.</pre><pre>On January 27, 2011, the Company issued 200,000 Common shares in connection with</pre><pre>a consulting agreement for investor relations services with Falcon Financial</pre><pre>Partners LLC. The shares were valued at $0.17 per share, the closing price of</pre><pre>its Common shares on the OTC.BB. The $34,000 value was expense in the quarter</pre><pre>ended March 31, 2011.</pre><pre>On February 7, 2011, the Company issued 1,000,000 Common shares to Martin R.</pre><pre>Nason, as part of an employment contract as Chief Executive Officer, President</pre><pre>and Chief Financial Officer. The shares were valued at $0.12 per share, the</pre><pre>closing price of its Common shares on the OTC.BB. The $120,000 value was</pre><pre>expensed in the quarter ended March 31, 2011.</pre><pre>On February 7, 2011, the Company issued 1,000,000 Common shares to Auspice</pre><pre>Capital LLC, a related party (see Note 5 "Related Party Transactions") for a</pre><pre>verbal agreement for investor relations, consulting services and assistance to</pre><pre>the Company in raising cash equity. The shares were valued at $0.12 per share,</pre><pre>the closing price of its Common shares on the OTC.BB. The $120,000 value was</pre><pre>expensed in the quarter ended March 31, 2011.</pre><pre>On February 25, 2011 the Board of Directors approved selling up to six million</pre><pre>Common shares at $0.15 per share to raise cash equity to provide working capital</pre><pre>and/or equipment to commence operations. On February 24, 2011, the closing price</pre><pre>of its Common shares on the OTC.BB was $0.23 per share. The Board considered</pre><pre>numerous factors to determine the discounted $0.15 price, including but not</pre><pre>limited to, the average number of shares traded per day over the previous</pre><pre>several months, the high, low and closing price range over the previous several</pre><pre>months, the lack of liquidity for the Common shares and the lack of credit</pre><pre>availability.</pre><pre>On March 4, 2011, the Company sold 633,667 Common shares for $95,050 cash at</pre><pre>$0.15 per share to four (4) non-related parties. A 10% finder's fee of $9,505</pre><pre>was paid, which was charged to Additional Paid-In Capital.</pre><pre>On March 31, 2011, the Company sold 50,000 Common shares for $7,500 cash at</pre><pre>$0.15 per share to a non-related party. A 10% finder's fee of $750 was paid,</pre><pre>which was charged to Additional Paid-In Capital.</pre><pre>On April 21, 2011, the Company sold 333,334 Common shares for $50,000 cash at</pre><pre>$0.15 per share to a non-related party.</pre><pre>On June 17, 2011, the Company issued 750,000 shares to its Chairman for $48,750</pre><pre>at $0.065 per share (the closing price of the Common shares on June 17, 2011)</pre><pre>for reimbursement for investor relations services paid by the Chairman to</pre><pre>non-related vendors. The $48,750 was expensed in the quarter ending June 30,</pre><pre>2011.</pre><pre>On June 17, 2011, the Company issued 1,500,000 shares to its President and Chief</pre><pre>Executive Officer for $97,500 cash at $0.065 per share (the closing price of the</pre><pre>Common shares on June 17, 2011) as compensation. The $97,500 was expensed in the</pre><pre>quarter ending June 30, 2011.</pre><pre>On April 11, 2012, the Company issued 250,000 shares at $0.18 per share (the</pre><pre>closing price of the Common shares on April 11, 2012) to its Vice President in</pre><pre>exchange for $45,000 owed to the Vice President for prior services rendered.</pre><pre>(see Note 5, "Related Party Transactions").</pre><pre>On June 20, 2012, the Company agreed to issue ("issuable') 4,250,000 shares at</pre><pre>$0.17 per share (the closing price of the Common shares on June 20, 2012) for a</pre><pre>total value of $722,500. Of the 4,250,000 shares, 500,000 shares with a value of</pre><pre>$85,000 were for services by its Vice President; 750,000 shares with a value of</pre><pre>$127,500 were for investor relations services by its Chairman; 3,000,000 shares</pre><pre>with a value of $510,000 was for a committed five-year employment agreement by</pre><pre>its Chief Executive Officer, President and Chief Financial Officer. The $722,500</pre><pre>was expensed in the quarter ending Jun 30, 2012 and the 4,250,000 issuable</pre><pre>shares were issued on July 5, 2012.</pre><pre>On July 17, 2012, the Company agreed to issue 3,000,000 shares at $0.15 per</pre><pre>share (the closing price of the Common shares on July 17, 2012) for a value of</pre><pre>$450,000 to Shoreline Consulting International for investor relations services,</pre><pre>in connection with the Company's consulting agreements with Rathbourne</pre><pre>Mercantile Ltd. and Lankford Consulting International, Inc. and the private</pre><pre>equity fund ARG Vermogensverwaltung AG (see Note 6 "Rathbourne Mercantile Ltd.</pre><pre>Consulting Agreement").</pre><pre>On August 3, 2012, the Company agreed to issue 250,000 shares at $0.22 per share</pre><pre>(the closing price of the Common shares on August 3, 2012) for a value of</pre><pre>$55,000 to Rathbourne Mercantile, Ltd. (see Note 6 "Rathbourne Mercantile Ltd</pre><pre>Consulting Agreement") for consulting services. The $55,000 was expensed in the</pre><pre>quarter ending September 30, 2012.</pre><pre>On August 30, 2012, the Company agreed to issue 300,000 shares at $0.24 per</pre><pre>share (the closing price of the Common shares on August 30, 2012) for a value of</pre><pre>$72,000 to South Corner LLC for consulting and investor relations services. The</pre><pre>$72,000 was expensed in the quarter ending September 30, 2012.</pre><pre>On October 17, 24, 25, 2012 and November 14, 2012, the Company issued 426,700</pre><pre>shares for $64,000 in cash to non-related parties, at $0.15 per share, a</pre><pre>discount from the October 17, 2012, the commitment date closing price of $0.29</pre><pre>per share. The discount is due to volatility, lack of liquidity and restrictions</pre><pre>on the Company's Common shares on the OTC.BB.</pre><pre>On December 12, 2012, the Company issued 150,000 restricted Common shares for</pre><pre>consulting and investor relations services for $33,000, at $0.22 per share, the</pre><pre>closing price of the Company's Common shares on the OTC.BB. The amount was</pre><pre>expensed in the quarter ending December 31, 2012.</pre><pre>On December 27, 2012, the Company issued 150,000 shares for consulting and</pre><pre>investor relations services for $22,500, at $0.15 per share, the closing price</pre><pre>of the Company's common shares on the OTC.BB. The amount was expensed in the</pre><pre>quarter ending December 31, 2012.</pre><pre>On January 15, 2013, the Company entered into a Rescission Agreement regarding</pre><pre>the August 30, 2012 and December 12, 2012 issuances of 300,000 restricted Common</pre><pre>shares and 150,000 restricted Common shares, respectively, due to the Company's</pre><pre>inability to utilize the Consultant's services as expected during the terms of</pre><pre>each of the two consulting and investor relations services agreements. The</pre><pre>Company reversed the $72,000 and $33,000 originally recorded in the quarters</pre><pre>ending September 30, 2012 and December 31, 2012, respectively.</pre><pre>On February 13, 2013, the Company signed a Consulting Agreement with the same</pre><pre>group and issued a total of 450,000 restricted Common shares at $0.15 per share,</pre><pre>the closing price of the Company's Common shares on the OTC.BB. The Company</pre><pre>expensed $67,500 in the quarter ending March 31, 2013.</pre><pre>On April 17, 2013, the Company signed two Agreements To Serve On Board Of</pre><pre>Directors with two new independent Board of Director members and issued a total</pre><pre>of 600,000 restricted Common shares, 300,000 to each, at $0.10 per share, the</pre><pre>closing price of the Company's common shares on the OTC.BB. The Company expensed</pre><pre>$60,000 in the quarter ending June 30, 2013.</pre><pre>On May 20, 2013, the Company signed a Debt Settlement Agreement and issued</pre><pre>1,000,000 restricted Common shares in exchange for $50,000 in Accounts Payable</pre><pre>due to a creditor, at $0.05 per share, a 28.6% discount from the closing price</pre><pre>of the Company's freely-traded Common shares of $0.07 on the OTC.BB.</pre><pre>On June 24, 2013, the Company signed three Debt Settlement Agreements and issued</pre><pre>at total of 11,033,333 restricted Common shares in exchange for a total of</pre><pre>$662,000 in amounts Due To Related Parties and Non-Interest Bearing Loans From</pre><pre>Related Parties, of which $92,000 was owed to its Chairman ($41,750 Due To</pre><pre>Related Parties and $50,250 Non-Interest Bearing Loans From Related Parties),</pre><pre>$510,000 was owed to its Chief Executive Officer and President ($510,000 Due To</pre><pre>Related Parties) and $60,000 owed to its Vice President of Sales and Technical</pre><pre>Services ($18,000 in Due To Related Parties and $42,000 in Non-Interest Bearing</pre><pre>Loans From Related Parties). The debt settlement was at $0.06 per share, a 14.3%</pre><pre>discount from the closing price of its freely-traded shares of $0.07 on the</pre><pre>OTC.BB.</pre> <!--egx--><pre>5. RELATED PARTY TRANSACTIONS</pre><pre>As of June 30, 2013 and December 31, 2012, respectively, $801,441 and $1,031,347</pre><pre>is due to Company officers for unpaid expenses, fees and loans. Terry W. Neild,</pre><pre>Chief Executive Officer, Chief Financial Officer, Secretary and Director made</pre><pre>several non-interest bearing cash loans totaling $179,400 to the Company during</pre><pre>the year 2010. On December 30, 2010, Mr. Neild exchanged these non-interest</pre><pre>bearing cash loans for 717,600 Restricted Common shares, at $0.25 per share, the</pre><pre>closing price of the Company's Common shares on the date of conversion. Mr.</pre><pre>Neild is also Chairman of the Board and shareholder of Taste of Aruba (U.S.),</pre><pre>Inc. (see Note 3 "Intangible Assets" and Note 4 "Stockholders' Equity"). On</pre><pre>January 28, 2011, a related party loaned the Company $20,000 in a non-interest</pre><pre>bearing loan (See Note 10 "Non-Interest Bearing Loans"). On February 7, 2011,</pre><pre>1,000,000 Common shares were issued to Auspice Capital LLC, a related party, in</pre><pre>connection with a verbal agreement for investor relations, consulting and</pre><pre>capital raising services and on October 31, 2011, the Company cancelled 500,000</pre><pre>of the original shares regarding performance under the verbal agreement (see</pre><pre>Note 4 "Stockholders' Equity"). On February 3, 2012, a related party made a</pre><pre>non-interest bearing loan of $7,000, of which $5,000 was repaid on May 23, 2012.</pre><pre>On February 10, 2012, the Chief Executive Officer loaned $7,000 in a</pre><pre>non-interest bearing loan, which was repaid on February 13, 2012. On February</pre><pre>22, 2012, the Chief Executive Officer loaned $1,100 in a non-interest bearing</pre><pre>loan, which was repaid on April 25 and May 17, 2012 (See Note 7 "Non-Interest</pre><pre>Bearing Loans"). On May 21 and May 30, 2012, the Chairman of the Board loaned</pre><pre>the Company $12,000 and $38,250, respectively, in a non-interest bearing loan.</pre><pre>On April 11, 2012, 250,000 Common shares were issued at $0.18 per share (the</pre><pre>closing price of the Common shares on April 11, 2012) to a Vice President in</pre><pre>exchange for amounts owed for services rendered and expensed in the period</pre><pre>ending March 31, 2012. On April 18 and May 17, 2012, a Vice President loaned the</pre><pre>Company $38,000 and $4,000, respectively, in a non-interest bearing loan. See</pre><pre>Note 7, "Non-Interest Bearing Loans." On March 5, 2013, the Company borrowed</pre><pre>$4,850 in a non-interest bearing loan, from a firm controlled by the Chairman of</pre><pre>the Board. On June 24, 2013, the Chairman, Chief Executive Officer and President</pre><pre>and the Vice President Sales and Technical Services signed Debt Settlement</pre><pre>Agreements, converting $92,000, $510,000 and $60,000, respectively of unpaid</pre><pre>expenses, fees and loans into 1,533,333, 8,500,000 and 1,000,000, respectively</pre><pre>of Restricted Common Shares (see Note 4 "Stockholders' Equity") at $0.06 per</pre><pre>share. On June 24, 2013, the closing price of the Company's freely-traded shares</pre><pre>on the OTC.BB was $0.07 per share, representing a 14.3% discount due. A Form 8-K</pre><pre>was filed by the Company on July 1, 2013. Amounts outstanding to Related</pre><pre>Parties, at June 30, 2013 and December 31, 2012, respectively, are unsecured:</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; June 30,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; December 31,</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2012</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ----------&nbsp;&nbsp;&nbsp;&nbsp; ----------</pre><pre>Unpaid expenses and fees to Officers/Directors&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp; 801,441&nbsp;&nbsp;&nbsp;&nbsp; $1,031,347</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;----------&nbsp;&nbsp;&nbsp;&nbsp; ----------</pre><pre>Non-interest bearing loans to Related Parties</pre><pre>&nbsp; Non Officer/Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp; 22,000&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp; 22,000</pre><pre>&nbsp; Chairman of the Board/Officer and Controlled</pre><pre>&nbsp;&nbsp; Entity&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp; 4,850&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp; 50,250</pre><pre>&nbsp; Vice President and Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp; 42,000</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ----------&nbsp;&nbsp;&nbsp;&nbsp; ----------</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$&nbsp;&nbsp; 26,850&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp; 114,250</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ==========&nbsp;&nbsp;&nbsp;&nbsp; ==========</pre> <!--egx--><pre>6. RATHBOURNE MERCANTILE LTD./LANKFORD CONSULTING, INC. AGREEMENTS</pre><pre>On March 26, 2012, the Company entered into a one-year Consulting Agreement with</pre><pre>Rathbourne Mercantile Ltd. ("Rathbourne"), effective March 22, 2012, for</pre><pre>investor relations services and introductions to potential equity investors.</pre><pre>Remuneration was $37,500 for an independent valuation report of the Company,</pre><pre>which was expensed in the quarter ending March 31, 2012. If Rathbourne</pre><pre>introduced the Company to an investor and the Company successfully completed an</pre><pre>equity capital financing with the party introduced, Rathbourne would receive a</pre><pre>7% cash finder's fee of the gross amount funded and 7% of the issued shares of</pre><pre>the Company. The Company was introduced by Rathbourne to ARG Vermogensverwaltung</pre><pre>AG, a private equity fund based in Munich, Germany, who issued a Letter of</pre><pre>Interest on March 22, 2012 to facilitate a financing of the Company for</pre><pre>approximately $5 million. On August 3, 2012, the Company and Rathbourne</pre><pre>Mercantile Ltd. signed a Novation of Previous Consulting Agreement regarding its</pre><pre>March 26, 2012 Consulting Agreement substituting Lankford Consulting, Inc. as</pre><pre>the entity to perform the services. There were no changes made to the Lankford</pre><pre>Consulting, Inc. Consulting Agreement. On August 3, 2012, the Company agreed to</pre><pre>issue 250,000 shares to Rathbourne Mercantile Ltd. for consulting services at</pre><pre>$0.22 per share, the closing price of the Company's Common shares on August 3,</pre><pre>2012 (see Note 4 "Stockholders' Equity"). On May 28, 2013, the Company issued a</pre><pre>letter informing Langford Consulting Group and its associated companies</pre><pre>Shoreline Consulting International and Rathbourne Mercantile Ltd, effective</pre><pre>immediately, the Company was ending all relationships.</pre> <!--egx--><pre>7. NON-INTEREST BEARING LOANS</pre><pre>On January 28, 2011 and February 3, 2012, Auspice Capital, a related party,</pre><pre>loaned the Company a total of $27,000 in non-interest bearing loans of which</pre><pre>$22,000 are outstanding as of June 30, 2013 and December 31, 2012, respectively</pre><pre>(see Note 5 "Related Party Transactions"). On April 18 and May 17, 2012, the</pre><pre>Vice President Sales and Technical Services, loaned the Company $38,000 and</pre><pre>$4,000, respectively, in non-interest bearing loans, of which none and $42,000</pre><pre>are outstanding as of June 30, 2013 and December 31, 2012, respectively (see</pre><pre>Note 5 "Related Party Transactions").</pre><pre>On May 21 and 30, 2012 and March 5, 2013, the Chairman of the Board and his</pre><pre>controlled entity the loaned the Company $12,000, $38,250 and $4,850,</pre><pre>respectively, in non-interest bearing loans, of which $4,850 and $50,250 are</pre><pre>outstanding as of June 30, 2013 and December 31, 2012, respectively (see Note 5</pre><pre>"Related Party Transactions").</pre><pre>On June 24, 2013, the Chairman and Vice President of Sales and Technical</pre><pre>Services, converted $4,850 and $42,000, respectively of Non-Interest Bearing</pre><pre>Loans into restricted Common Shares of the Company (see Note 4 "Stockholders'</pre><pre>Equity" and Note 5 "Related Party Transactions").</pre><pre>The related party loans are due upon receipt of the Company's cash equity</pre><pre>funding (see Note 6 "Rathbourne Mercantile Ltd./Lankford Consulting, Inc.") or</pre><pre>any other cash equity funding from other parties.</pre><pre>The amounts of all non-interest bearing loans outstanding at June 30, 2013 and</pre><pre>December 31, 2012, respectively, are to Related Parties (all amounts are</pre><pre>unsecured - see Note 5, "Related Party Transactions") follows:</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; June 30,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; December 31,</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2012</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------</pre><pre>Non-interest bearing loans to Related Parties</pre><pre>&nbsp; Non-Officer/Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 22,000&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 22,000</pre><pre>&nbsp; Chairman of the Board/Officer and Controlled</pre><pre>&nbsp;&nbsp; Entity&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp; 4,850&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 50,250</pre><pre>&nbsp; Vice President and Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp; --&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 42,000</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--------&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 26,850&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $114,250</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ========&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ========</pre> <!--egx--><pre>8. INTEREST BEARING LOANS</pre><pre>On August 12 and 19, 2011, a nonrelated party loaned the Company $15,000 in an</pre><pre>interest-bearing Promissory Note, at 8% per annum and a one-time financing fee</pre><pre>of $9,900. The financing fee was expensed in the period ending September 30,</pre><pre>2011. The loan, one-time financing fee and unpaid accrued interest is due upon</pre><pre>the Company's receipt of the first funding of equity capital from an investor</pre><pre>group. The loan and unpaid accrued interest is unsecured and not in default.</pre><pre>On August 27, 2012, the Company borrowed $40,000 in a ninety day non-interest</pre><pre>bearing Promissory Note and a one-time financing fee of $10,000 from a</pre><pre>non-related party. The one-time financing fee was expensed in the quarter ending</pre><pre>September 30, 2012. If the $50,000 was not paid within ninety days of the date</pre><pre>of the Promissory Note, interest at the rate of 10% per annum would begin</pre><pre>accruing until full payment is made. On January 31, 2013, the Company renewed</pre><pre>the original Promissory Note, extending the maturity date to April 30, 2013 and</pre><pre>on June 22, 2013, the maturity date was extended to December 31, 2013. The</pre><pre>accrued interest as of December 31, 2012 was reversed in the quarter ending</pre><pre>March 31, 2013. The loan is unsecured.</pre><pre>The amounts of all interest-bearing loans and accrued interest outstanding as of</pre><pre>June 30, 2013 and December 31, 2012, respectively, follow:</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; June 30,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; December 31,</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2012</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------</pre><pre>Non-Related Party - principal&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 24,900&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 24,900</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; cumulative accrued interest&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp; 2,244&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp; 1,650</pre><pre>Non-Related Party - principal&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 50,000&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 50,000</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;cumulative accrued interest&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp; --&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp; 423</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 77,144&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 76,973</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;========&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ========</pre> <!--egx--><pre>9. SUBSEQUENT EVENTS</pre><pre>On July 20, 2013, the Company sold for cash 400,000 restricted Common shares at</pre><pre>$0.05 per share for $20,000. The closing price of the Company's freely-traded</pre><pre>shares on the OTC.BB on July 19, 2013 was $0.07, a discount of 28.6% discount.</pre> <!--egx--><pre>DESCRIPTION OF BUSINESS AND HISTORY - Casey Container Corp. (formerly Sawadee</pre><pre>Ventures Inc.), a Nevada corporation, (hereinafter referred to as the "Company"</pre><pre>or "Casey") was incorporated in the State of Nevada on September 26, 2006. The</pre><pre>Company's yearend is December 31. The Company initially was formed to engage in</pre><pre>the acquisition, exploration and development of natural resource properties of</pre><pre>merit and from September 2008 to serve as a vehicle to acquire an operating</pre><pre>business.</pre><pre>Effective January 6, 2010 Ms. Rachna Khanna tendered her resignation as the</pre><pre>President, CEO, CFO and Director. Effective January 12, 2010, James Casey, Terry</pre><pre>Neild and Robert Seaman were appointed as Directors of the Company. Mr. Casey</pre><pre>was elected President, Mr. Terry Neild was elected Chief Executive Officer,</pre><pre>Chief Financial Officer and Secretary and Mr. Seaman was elected Vice</pre><pre>President-Operations. Effective February 7, 2011, Martin R. Nason was elected</pre><pre>Chief Executive Officer, President and Chief Financial Officer. Mr. Neild</pre><pre>remains Chairman of the Board of Directors and Secretary, Mr. Casey as</pre><pre>Vice-President of Technical Services and Sales and Mr. Seaman as</pre><pre>Vice-President-Operations.</pre> <!--egx--><pre>BASIS OF PRESENTATION - In the opinion of management, the accompanying balance</pre><pre>sheets and related interim statements of operations, cash flows and</pre><pre>stockholders' equity include all adjustments, consisting only of normal</pre><pre>recurring items, necessary for their fair presentation in conformity with</pre><pre>accounting principles generally accepted in the United States of America ("U. S.</pre><pre>GAAP"). Preparing financial statements requires management to make estimates and</pre><pre>assumptions that affect the reported amounts of assets, liabilities, revenue and</pre><pre>expenses. Actual results and outcomes may differ from managements' estimates and</pre><pre>assumptions. Interim results are not necessarily indicative of results for a</pre><pre>full year. The information included in this June 30, 2013 Form 10-Q should be</pre><pre>read in conjunction with information included in the December 31, 2012 and 2011</pre><pre>Form 10-K.</pre> <!--egx--><pre>THE COMPANY TODAY</pre><pre>The Company is currently a development stage company reporting under the</pre><pre>provisions of Statement of Financial Accounting Standard ("FASB") No. 7,</pre><pre>"Accounting and Reporting for Development Stage Enterprises."</pre><pre>Effective January 12, 2010, the Company's Certificate of Incorporation was</pre><pre>changed and the name of the Company was changed to Casey Container Corp.</pre><pre>("Casey"). Casey designs and will custom manufacture biodegradable PET and other</pre><pre>polymer plastic preforms that become biodegradable PET and other polymer plastic</pre><pre>bottles and containers, for such product lines as bottled water, bottled</pre><pre>beverages and other consumer products. Casey has a non-binding supply and</pre><pre>license agreement with Bio-Tec Environmental, LLC. Casey currently is considered</pre><pre>a "shell" company inasmuch as it is not in production and has no revenues,</pre><pre>employees or material assets.</pre> <!--egx--><pre>USE OF ESTIMATES - The preparation of the financial statements in conformity</pre><pre>with generally accepted accounting principles requires management to make</pre><pre>estimates and assumptions that affect the reported amounts of assets and</pre><pre>liabilities and disclosure of contingent assets and liabilities at the date of</pre><pre>the financial statements and the reported amount of revenue and expenses during</pre><pre>the reporting period. Actual results could differ from those estimates.</pre> <!--egx--><pre>RECENT ACCOUNTING PRONOUNCEMENTS - The Company has evaluated all recent</pre><pre>accounting pronouncements and believes that none will have a material effect on</pre><pre>the Company.</pre> <!--egx--><pre>Amounts outstanding to Related</pre><pre>Parties, at June 30, 2013 and December 31, 2012, respectively, are unsecured:</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; June 30,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; December 31,</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2012</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ----------&nbsp;&nbsp;&nbsp;&nbsp; ----------</pre><pre>Unpaid expenses and fees to Officers/Directors&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp; 801,441&nbsp;&nbsp;&nbsp;&nbsp; $1,031,347</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;----------&nbsp;&nbsp;&nbsp;&nbsp; ----------</pre><pre>Non-interest bearing loans to Related Parties</pre><pre>&nbsp; Non Officer/Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp; 22,000&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp; 22,000</pre><pre>&nbsp; Chairman of the Board/Officer and Controlled</pre><pre>&nbsp;&nbsp; Entity&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp; 4,850&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp; 50,250</pre><pre>&nbsp; Vice President and Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp; 42,000</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ----------&nbsp;&nbsp;&nbsp;&nbsp; ----------</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$&nbsp;&nbsp; 26,850&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp; 114,250</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ==========&nbsp;&nbsp;&nbsp;&nbsp; ==========</pre> <!--egx--><pre>The amounts of all non-interest bearing loans outstanding at June 30, 2013 and</pre><pre>December 31, 2012, respectively, are to Related Parties (all amounts are</pre><pre>unsecured - see Note 5, "Related Party Transactions") follows:</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; June 30,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; December 31,</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2012</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------</pre><pre>Non-interest bearing loans to Related Parties</pre><pre>&nbsp; Non-Officer/Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 22,000&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 22,000</pre><pre>&nbsp; Chairman of the Board/Officer and Controlled</pre><pre>&nbsp;&nbsp; Entity&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp; 4,850&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 50,250</pre><pre>&nbsp; Vice President and Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp; --&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 42,000</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--------&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 26,850&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $114,250</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ========&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ========</pre> <!--egx--><pre>The amounts of all interest-bearing loans and accrued interest outstanding as of</pre><pre>June 30, 2013 and December 31, 2012, respectively, follow:</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; June 30,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; December 31,</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2012</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------</pre><pre>Non-Related Party - principal&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 24,900&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 24,900</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; cumulative accrued interest&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp; 2,244&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp; 1,650</pre><pre>Non-Related Party - principal&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 50,000&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 50,000</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;cumulative accrued interest&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp; --&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp; 423</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 77,144&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 76,973</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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Agreements As Follows Value of services by Vice President Value of services by Vice President Per share value of shares issued as part of employment contract Per share value of shares issued as part of employment contract Net reduction of shares Net reduction of shares Stock issuance As Follows ACCOUNTING POLICIES NON-INTEREST BEARING LOANS {1} NON-INTEREST BEARING LOANS The entire disclosure for the non interest bearing loans of the entity during the period. Net Cash Provided from Financing Activities Proceeds from loan payable The cash inflow from a borrowing having initial term of repayment CASH FLOWS FROM OPERATING ACTIVITIES: Stock cancelled at $0.24 per share on January 15, 2013 from the original issuance on August 30, 2012 Stock cancelled at $0.24 per share on January 15, 2013 from the original Stock issued at $0.065 per share for compensation to President and Chief Executive Officer on June 17, 2011 Stock issued for cash during the period Stock issued for cash at 0.333 per share on May 22, 2010 Stock issued for cash at 0.333 per share on May 22, 2010 Equity Component Total Liabilities and Stockholders' Equity Vice President and Director. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer); value Per share of shares issued value Per share of shares issued Value of Shares to CEO, President and CFO for committed five year employment agreement Value of Shares to CEO, President and CFO for committed five year employment agreement Numerous factors in determining the discounted price Numerous factors in determining the discounted price. Shares issued in connection with consulting agreement Shares issued in connection with consulting agreement Intangibles Contract Rights Non Interest Bearing Loans To Non Related Parties RECENT ACCOUNTING PRONOUNCEMENTS Common stock share exchanged. Common stock share exchanged. 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Prepaid expenses, Accounts payables and loans due to Related Parties converted into stock Accounts payables and loans due to Related Parties converted into stock Stock issued to Chairman for investor relations services Stock issued to Chairman for investor relations services Stock issued at $0.10 per share for compensation to Board Members on April 17, 2013 Stock issued at $0.10 per share for compensation to Board Members on April 17, 2013 Stock issued at $0.15 for consulting services on July 17, 2012 Stock issued at $0.15 for consulting services on July 17, 2012 Stockholders Equity Total operating expenses Due to Related Parties {1} Due to Related Parties CURRENT ASSETS Total of the shares issued on conversion Total of the shares issued on conversion Letter of interest to facilitate finance Letter of interest to facilitate finance Shares issued to related party with a verbal agreement investor relations, consulting and capital raising Shares issued to related party with a verbal agreement investor relations, consulting and capital raising Restricted Common shares at per share Restricted Common shares at per share Issued shares for consulting and investor relations services value Issued shares for consulting and investor relations services value Per share value of shares issued to Related Party. Per share value of shares issued to Related Party. Common stock issued shares Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. RATHBOURNE MERCANTILE LTD./LANKFORD CONSULTING, INC. AGREEMENTS DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING {1} DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING Stock issued for services to Non-Related Party, Stock issued for services to Non-Related Party Stock issued at $0.06 per share for debt to the CEO on June 24, 2013 Stock issued at $0.06 per share for debt to the CEO on June 24, 2013 Stock issued for cash at $0.15 per share on October 24, 2012 Stock issued for cash at $0.15 per share on October 24, 2012 Stock issued for cash at $0.15 per share on March 31, 2011, less 10% cost of issue Stock issued for cash during the period Common Stock, shares outstanding Total Stockholders' Equity Document Fiscal Year Focus Document and Entity Information Issuance of restricted Common shares at the closing price Issuance of restricted Common shares at the closing price Loan from Chairman of the Board The amount of loan from Chairman of the board. Loan by related party to the company Loan by related party to the company Related Party Transactions Non interest loan consists of Per share value of shares agreed to issue Per share value of shares agreed to issue Shares issued to non-related party Per share value of shares issued as part of employment contract Shares issued during the Period BASIS OF PRESENTATION DESCRIPTION OF BUSINESS AND HISTORY Disclosure of accounting policy about Description Of Business And History. INTANGIBLES {1} INTANGIBLES Stock issued to Non-Related Party for conversion of accounts payable, Stock issued to Non-Related Party for conversion of accounts payable Stock cancelled at $0.22 per share on January 15, 2013 from the original issuance on December 12, 2012 Stock cancelled at $0.22 per share on January 15, 2013 from the original issuance on December 12, 2012 Stock issued at $0.15 per share for investor relations services on December 27, 2012 Stock issued at $0.15 per share for investor relations services on December 27, 2012 Stock issued for debt at $0.10 per share on August 29, 2011 Stock issued for debt during the period Shares issued and issuable at 0.001 per share pursuant to an agreement on March 24, 2010 Shares issued and issuable at 0.001 per share pursuant to an agreement on March 24, 2010 Common Stock Issuable Shares changes in Stockholders Equity Basic and Diluted Earnings Per Common Share REVENUES: Interest Bearing Loans Cash Entity Well-known Seasoned Issuer Non-interest bearing loans to Related Parties Non-Officer/Director. Non-interest bearing loans to Related Parties Non-Officer/Director. Rathbourne would receive the Finder's fee percentage on the gross amount funded Rathbourne would receive the Finder's fee percentage on the gross amount funded Amounts outstanding to Related Parties respectively as follows Shares to Chairman for investor relations services Shares to Chairman for investor relations services Issued shares to Chairman Issued shares to Chairman 10% finders fee charged to additional paid in capital 10% finders fee charged to additional paid in capital Shares issued to TOA shareholders Shares issued to TOA shareholders Stockholders Equity Shares Preferred and Common Stock Asset contract rights (impaired and expensed the full amount) The amount of asset contract rights as of the date. Related Party Transactions Amounts Outstanding {1} Related Party Transactions Amounts Outstanding Tabular disclosure for amounts outstanding to Related Parties amounts unsecured. INTEREST BEARING LOAN {1} INTEREST BEARING LOAN INTANGIBLES NON CASH ACTIVITIES: Repayment of Related party expenses paid on our behalf Repayment of Related party expenses paid on our behalf Net Loss for the Year ended December 31, 2008 The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Deficit Accumulated During Development Stage Common Stock, par value Preferred Stock 10,000,000 authorized, par value $0.001,none issued and outstanding Entity Public Float Total NonInterest Bearing To Non Related Parties Total Non-interest bearing to Non-Related Partiesu sed to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer); Due to Officers for unpaid expenses, fees and loans Due to Officers for unpaid expenses, fees and loans Percentage of discount from the closing price of the Company's freely-traded Common shares of $0.07 on the OTC.BB. Percentage of discount from the closing price of the Company's freely-traded Common shares of $0.07 on the OTC.BB. Restricted Common shares, Restricted Common shares, Issued shares for cash to non-related parties during period Oct 17 to Nov 14, 2012 Issued shares for cash to non-related parties during period Oct 17 to Nov 14, 2012 Per Share value issued in connection with consulting agreement Per Share value issued in connection with consulting agreement Value of shares issued to the Directors of the company Value of shares issued to the Directors of the company Interest Bearing Loans To Non Related Parties As Follows {1} Interest Bearing Loans To Non Related Parties As Follows Tabular disclosure for amounts of all interest bearing loans outstanding respectively, are not in default, are not secured and accrued interest was recorded RELATED PARTY TRANSACTIONS {1} RELATED PARTY TRANSACTIONS SUPPLEMENTAL CASH FLOW INFORMATION: Stock issued to Non-Related Party for conversion of accounts payable Stock issued to Non-Related Party for conversion of accounts payable Net Loss OPERATING ACTIVITIES: Stock issued at $0.22 for consulting services on August 3, 2012 Stock issued at $0.22 for consulting services on August 3, 2012 Stock issuable at $0.17 per share for compensation to a Vice President on June 20, 2012 Stock issuable at $0.17 per share for compensation to a Vice President on June 20, 2012 Stock issued for cash at $0.001 per share on January 13, 2011 Stock issued for cash at $0.001 per share on January 13, 2011 Net Loss for the Year ended December 31, 2010 The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Common Stock Shares CURRENT LIABILITIES Total Assets Non interest bearing Loan by Vice President Non interest bearing Loan by Vice President Non Related Party Principal, Non-Related Party - principal. amount as of the balance sheet Non-interest bearing loans to Related Parties Non Officer/Director Non-interest bearing loans to Related Parties Non Officer/Director Per share value of loan exchanged for shares Per share value of loan exchanged for shares Expensed in the quarter Expensed in the quarter Issued shares for consulting and investor relations services value per share Issued shares for consulting and investor relations services value Value of common stock shares issued to non-related party Value of common stock shares issued to non-related party Preferred Stock shares Par value The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Cash, Beginning of the Period Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Stock issued to Vice President for debt and Chairman for services Stock issued to Vice President for debt and for services to the Chairman, respectively Adjustments to reconcile net loss to net cash used in operating activities: Stock issued at $0.05 per share for debt to consultant on May 20, 2013 Stock issued at $0.05 per share for debt to consultant on May 20, 2013 Net Loss for the Year ended December 31, 2012 The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Stock issued for cash at $0.15 per share on October 25, 2012 Stock issued for cash at $0.15 per share on October 25, 2012 Stock issued at $0.17 per share pursuant to an agreement on January 27, 2011 Stock issued at $0.17 per share pursuant to an agreement on January 27, 2011 Statement {1} Statement OTHER EXPENSES: Preferred Stock, par value ASSETS Entity Common Stock, Shares Outstanding Issuance of restricted Common shares at the closing price per share Issuance of restricted Common shares at the closing price per share Non-Interest Bearing Loans of the Chairman into restricted Common Shares of the Company Non-Interest Bearing Loans of the Chairman into restricted Common Shares of the Company Issuance of shares to Rathbourne Mercantile Ltd., for consulting services Issuance of shares to Rathbourne Mercantile Ltd., for consulting services Repayment of loan Repayment of loan. Cancelled original shares regarding performance under the verbal agreement Cancelled original shares regarding performance under the verbal agreement Value of shares agreed to issue Value of shares agreed to issue Shares issued to a related party Shares issued to a related party Percentage of the total shares outstanding after the issuance Percentage of the total shares outstanding after the issuance Common stock outstanding shares Total number of shares of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders. Shares outstanding equals shares issued minus shares held in treasury and other adjustments, if any. RATHBOURNE MERCANTILE LTD./LANKFORD CONSULTING, INC. AGREEMENTS {1} RATHBOURNE MERCANTILE LTD./LANKFORD CONSULTING, INC. AGREEMENTS The entire disclosure for the Rathbourne Mercantile Ltd consulting agreement during the period. RELATED PARTY TRANSACTIONS STOCKHOLDERS' EQUITY {1} STOCKHOLDERS' EQUITY Cash paid for interest Repayment of Related party loan FINANCING ACTIVITIES: Net Cash Provided from Operating Activities Stock cancelled due to rescission of agreements Stock cancelled due to rescission of agreements Net Loss for the Period ended June 30 ,2013 The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Stock issued for cash at $0.15 per share on April 21, 2011 Stock issued for cash during the period Stock issued for cash at 0.333 per share on May 15, 2010 Stock issued for cash at 0.333 per share on May 15, 2010 Common Stock Issuable Amount Impairment of property Common Stock, shares issued Document Fiscal Period Focus Shares issued to Vice President for the services rendered and expensed Shares issued to Vice President for the services rendered and expensed Chairman of the Board/Officer and Controlled Entity. Non-interest bearing loans to Related Parties Chairman of the Board/Officer and Controlled Entity Vice President and Director Carrying amount as of the balance sheet date of obligations due Value of Shares to Chairman for investor relations services Value of Shares to Chairman for investor relations services Per share value of shares issued to non related party Per share value of shares issued to non related party Shares issued to provide working capital requirements Shares issued to provide working capital requirements. Common stock were issued and issuable pursuant to a Commitment Agreement Common stock were issued and issuable pursuant to a Commitment Agreement Related Party Transactions Amounts Outstanding THE COMPANY TODAY Disclosure of accounting policy about the company today. STOCKHOLDERS' EQUITY {2} STOCKHOLDERS' EQUITY Stock issued to Related Parties for conversion of accounts payable, Stock issued to Related Parties for conversion of accounts payable Stock issued for interest bearing loan payable Stock issued for interest bearing loan payable Expenses paid on our behalf by Related Parties Expenses paid on our behalf by Related Parties Stock issued at $0.15 per share for investor relations services on February 13, 2013 Stock issued at $0.15 per share for investor relations services on February 13, 2013 Stock issued at $0.07 per share for compensation to Vice President on October 31, 2011 Stock issued per share for compensation Stock issuable for cash at 0.15 on December 14, 2010 Stock issuable for cash at 0.15 on December 14, 2010 Net Loss for the Period from inception on September 26, 2006 to December 31, 2006 The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Statement, Equity Components Interest Exploration expenses Preferred Stock, shares authorized LIABILITIES Entity Voluntary Filers Document Period End Date Rathbourne would receive the percentage on shares issued Rathbourne would receive the percentage on shares issued Issued shares to Chairman value Issued shares to Chairman value Shares issued during March to October 2011 Transactions Value of shares issued (consulting agreement) Value of shares issued (consulting agreement) Shares issued to the Directors of the company Shares issued to the Directors of the company Interest Bearing Loans To Non Related Parties As Follows SUBSEQUENT EVENTS {1} SUBSEQUENT EVENTS GOING CONCERN {1} GOING CONCERN INVESTING ACTIVITIES: Stock issued to Related Parties for conversion of accounts payable Stock issued to Related Parties for conversion of accounts payable Stock issued and issuable for services to Related Party Stock issued and issuable for services to Related Party Impairment of Long Term Assets Stock issuable at $0.17 per share for investor relations services to the Chairman on June 20, 2012 Stock issuable at $0.17 per share for investor relations services to the Chairman on June 20, 2012 Stock issued for cash at $0.001 per share on January 13, 2011, Stock issued for cash at $0.001 per share on January 13, 2011. Net Income (Loss) for the period Common Stock, shares authorized Additional Paid-in-Capital Current Fiscal Year End Date Entity Registrant Name Total of the amounts converted in to shares Total of the amounts converted in to shares Cumulative Interest Accrued,, The amount of estimated interest accrued as of the balance sheet date Signed a Consulting Agreement and issued a total Signed a Consulting Agreement and issued a total Issued shares for cash to non-related parties during period Oct 17 to Nov 14, 2012 per share Issued shares for cash to non-related parties during period Oct 17 to Nov 14, 2012 Per share value of shares issued to President and CEO Per share value of shares issued to President and CEO Value of shares issued to a related party Value of shares issued to a related party Per share value of Common stock shares issued to related party Per share value of Common stock shares issued to related party Common stock authorized shares The maximum number of common shares permitted to be issued by an entity's charter and bylaws. DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING Cash, End of the Period Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Common stock issued and issuable for cash Net Cash Used in Investing Activities Stock issued to Related Party for Expenses incurred on our behalf Common stock issued for related parties for the expenses incurred by them on behalf of entity Stock issued at $0.06 per share for debt to Chairman on June 24, 2013 Stock issued at $0.06 per share for debt to Chairman on June 24, 2013 Stock issued at $0.24 for consulting services on August 30, 2012 Stock issued at $0.24 for consulting services on August 30, 2012 Stock issued at $0.12 per share pursuant to agreements February 7, 2011 Stock issued at $0.12 per share pursuant to agreements February 7, 2011 Balance Balance Balance Total other expenses Document Type SUBSEQUENT EVENTS TRANSACTIONS Chairman of the Board/Officer and Controlled Entity Non-interest bearing loans to Related Parties Chairman of the Board/Officer and Controlled Entity Unpaid expenses and fees to Officers/Directors Related Party Transactions Loans and Dues Value of prior services rendered by Related party, shares issued Value of prior services rendered by Related party, shares issued Value of shares issued as part of employment contract Value of shares issued as part of employment contract Per share value of Common stock shares issued to non-related party Per share value of Common stock shares issued to non-related party Shares issued to Director and for proceeds NON-INTEREST BEARING LOANS Stock issued for interest bearing loan payable, Stock issued for interest bearing loan payable Non-interest bearing loan from Related Party Non interest bearing loans by related parties Stock issued for cash at $0.15 per share on November 14, 2012 Stock issued for cash at $0.15 per share on November 14, 2012 Stock issued at $0.065 per share for reimbursement of services to the Chairman on June 17, 2011 Stock issued for cash during the period Stock Issued for cash at $0.001 per share on December 1, 2006 Additional Paid-In Capital PROVISION FOR INCOME TAXES: Non-interest Bearing Loans From Related Parties The Amount of Non-interest Bearing Loans From Related Parties as of Balance Sheet Date. Accounts Payable and Accrued Liabilities {1} Accounts Payable and Accrued Liabilities Common shares on the OTC.BB for a value Common shares on the OTC.BB for a value Per share value of the shares issued Per share value of the shares issued Related Party Transactions Loan from Chairman of the Board Non-Interest Bearing Loans of the Vice President into restricted Common Shares of the Company Non-Interest Bearing Loans of the Vice President into restricted Common Shares of the Company Of the 4250000 Shares, Shares issued to Vice President for services Of the 4250000 Shares, Shares issued to Vice President for services Value of shares issued to non related party Value of shares issued to non related party Closing price of its Common shares on the OTC.BB per share Closing price of its Common shares on the OTC.BB per share. Per Share value of Shares issued to TOA shareholders Per Share value of Shares issued to TOA shareholders Net losses from inception The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. USE OF ESTIMATES INTEREST BEARING LOAN Stock issued to Related Parties for conversion of loans, Stock issued to Related Parties for conversion of loans Expenses paid on our behalf and loans from Related Parties exchanged for 11,033,333, 250,000 and 717,600 Common shares on June 24, 2013,April 11, 2012 and December 31, 2010 Common stock issued for related party debt under non cash activity. Stock issued to President and Vice President for compensation Stock cancelled at $0.12 per share on October 31, 2011 from the original issuance on February 7, 2011 Stock cancelled Net Loss for the Year ended December 31, 2007 The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Income Tax Benefit Entity Current Reporting Status INTEREST BEARING LOAN Consists Of the Following Total Carrying amount as of the balance sheet date of obligations due Issue of restricted Common shares for a Debt Settlement agreement Issue of restricted Common shares for a Debt Settlement agreement Capital Stock Transactions during the period as follows Shares to CEO, President and CFO for committed five year employment agreement Shares to CEO, President and CFO for committed five year employment agreement Issued shares to Chairman value per share Issued shares to Chairman value per share Shares issued to President and CEO Shares issued to President and CEO Shares issued to Consultant were forfeited and called for non-performance Shares issued to Consultant were forfeited and called for non-performance Non Interest Bearing Loans To Non Related Parties {1} Non Interest Bearing Loans To Non Related Parties Tabular disclosure for Non Interest Bearing Loans To Non Related Parties. SUBSEQUENT EVENTS Mineral property option payment Accounts payable and accrued expenses, Net Loss for the Year ended December 31, 2009 The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Stockholder equity par value Deficit accumulated during development stage Entity Central Index Key Non Related Party Principal Amount of outstanding principal due under the debt instrument Exchanged loan for the restricted common shares Exchanged loan for the restricted common shares Issued shares for consulting and investor relations services Issued shares for consulting and investor relations services Shares issued to Related party Shares issued to Related party Common stock shares issued to related party Common stock shares issued to related party Going Concern Net losses Cash paid for income taxes Stock issued to Related Parties for conversion of loans Stock issued to Related Parties for conversion of loans Stock issued to CEO/President for committed employment agreement Stock issued to CEO/President for committed employment agreement Stock issued for cash at $0.15 per share on October 17, 2012 Stock issued for cash at $0.15 per share on October 17, 2012 Stock issuable at $0.17 per share pursuant to a committed employment agreement with the CEO on June 20, 2012 Stock issuable at $0.17 per share pursuant to a committed employment agreement with the CEO on June 20, 2012 Net Loss for the Year ended December 31, 2011 The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. To record forfeiture of stock at $0.001 per share record forfeiture of stock at $0.001 per share Statement Total Current Liabilities EX-101.PRE 11 csey-20130630_pre.xml XML 12 R8.xml IDEA: DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING 2.4.0.8000080 - Disclosure - DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTINGtruefalsefalse1false falsefalseD130101_130630http://www.sec.gov/CIK0001387998duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 2us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<!--egx--><pre>1. DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING</pre><pre>POLICIES</pre><pre>DESCRIPTION OF BUSINESS AND HISTORY - Casey Container Corp. (formerly Sawadee</pre><pre>Ventures Inc.), a Nevada corporation, (hereinafter referred to as the "Company"</pre><pre>or "Casey") was incorporated in the State of Nevada on September 26, 2006. The</pre><pre>Company's yearend is December 31. The Company initially was formed to engage in</pre><pre>the acquisition, exploration and development of natural resource properties of</pre><pre>merit and from September 2008 to serve as a vehicle to acquire an operating</pre><pre>business.</pre><pre>Effective January 6, 2010 Ms. Rachna Khanna tendered her resignation as the</pre><pre>President, CEO, CFO and Director. Effective January 12, 2010, James Casey, Terry</pre><pre>Neild and Robert Seaman were appointed as Directors of the Company. Mr. Casey</pre><pre>was elected President, Mr. Terry Neild was elected Chief Executive Officer,</pre><pre>Chief Financial Officer and Secretary and Mr. Seaman was elected Vice</pre><pre>President-Operations. Effective February 7, 2011, Martin R. Nason was elected</pre><pre>Chief Executive Officer, President and Chief Financial Officer. Mr. Neild</pre><pre>remains Chairman of the Board of Directors and Secretary, Mr. Casey as</pre><pre>Vice-President of Technical Services and Sales and Mr. Seaman as</pre><pre>Vice-President-Operations.</pre><pre>BASIS OF PRESENTATION - In the opinion of management, the accompanying balance</pre><pre>sheets and related interim statements of operations, cash flows and</pre><pre>stockholders' equity include all adjustments, consisting only of normal</pre><pre>recurring items, necessary for their fair presentation in conformity with</pre><pre>accounting principles generally accepted in the United States of America ("U. S.</pre><pre>GAAP"). Preparing financial statements requires management to make estimates and</pre><pre>assumptions that affect the reported amounts of assets, liabilities, revenue and</pre><pre>expenses. Actual results and outcomes may differ from managements' estimates and</pre><pre>assumptions. Interim results are not necessarily indicative of results for a</pre><pre>full year. The information included in this June 30, 2013 Form 10-Q should be</pre><pre>read in conjunction with information included in the December 31, 2012 and 2011</pre><pre>Form 10-K.</pre><pre>THE COMPANY TODAY</pre><pre>The Company is currently a development stage company reporting under the</pre><pre>provisions of Statement of Financial Accounting Standard ("FASB") No. 7,</pre><pre>"Accounting and Reporting for Development Stage Enterprises."</pre><pre>Effective January 12, 2010, the Company's Certificate of Incorporation was</pre><pre>changed and the name of the Company was changed to Casey Container Corp.</pre><pre>("Casey"). Casey designs and will custom manufacture biodegradable PET and other</pre><pre>polymer plastic preforms that become biodegradable PET and other polymer plastic</pre><pre>bottles and containers, for such product lines as bottled water, bottled</pre><pre>beverages and other consumer products. Casey has a non-binding supply and</pre><pre>license agreement with Bio-Tec Environmental, LLC. Casey currently is considered</pre><pre>a "shell" company inasmuch as it is not in production and has no revenues,</pre><pre>employees or material assets.</pre><pre>USE OF ESTIMATES - The preparation of the financial statements in conformity</pre><pre>with generally accepted accounting principles requires management to make</pre><pre>estimates and assumptions that affect the reported amounts of assets and</pre><pre>liabilities and disclosure of contingent assets and liabilities at the date of</pre><pre>the financial statements and the reported amount of revenue and expenses during</pre><pre>the reporting period. Actual results could differ from those estimates.</pre><pre>RECENT ACCOUNTING PRONOUNCEMENTS - The Company has evaluated all recent</pre><pre>accounting pronouncements and believes that none will have a material effect on</pre><pre>the Company.</pre>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for the organization, consolidation and basis of presentation of financial statements disclosure, and significant accounting policies of the reporting entity. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows. 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This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. false26false 4fil_StockIssuedToRelatedPartyForExpensesIncurredOnOurBehalffil_falsecreditdurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse00falsefalsefalse2truefalsefalse00falsefalsefalse3truefalsefalse7600076000falsefalsefalsexbrli:monetaryItemTypemonetaryCommon stock issued for related parties for the expenses incurred by them on behalf of entityNo definition available.false27false 4fil_StockIssuedToVicePresidentForDebtAndForServicesToTheChairmanRespectivelyfil_falsecreditdurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse00falsefalsefalse2truefalsefalse4500045000falsefalsefalse3truefalsefalse9375093750falsefalsefalsexbrli:monetaryItemTypemonetaryStock issued to Vice President for debt and for services to the Chairman, respectivelyNo definition available.false28false 4us-gaap_ShareBasedCompensationus-gaap_truedebitdurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse00falsefalsefalse2truefalsefalse8500085000falsefalsefalse3truefalsefalse320000320000falsefalsefalsexbrli:monetaryItemTypemonetaryThe aggregate amount of noncash, equity-based employee remuneration. 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Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585 false222false 4us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesus-gaap_truedebitdurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse-41931-41931falsefalsefalse2truefalsefalse53545354falsefalsefalse3truefalsefalse9276892768falsefalsefalsexbrli:monetaryItemTypemonetaryThe increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 28 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. 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This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. false226false 3us-gaap_NetCashProvidedByUsedInInvestingActivitiesus-gaap_truedebitdurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse00falsefalsefalse2truefalsefalse00falsefalsefalse3truefalsefalse-9000-9000falsefalsefalsexbrli:monetaryItemTypemonetaryThe net cash inflow or outflow from investing activity.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 24 -URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3521-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3574-108585 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 26 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. 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This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. false234false 2us-gaap_CashAndCashEquivalentsPeriodIncreaseDecreaseus-gaap_truedebitdurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse-3472-3472falsefalsefalse2truefalsefalse27302730falsefalsefalse3truefalsefalse5050falsefalsefalsexbrli:monetaryItemTypemonetaryAmount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. 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This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. 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ACCOUNTING POLICIES (Policies)
6 Months Ended
Jun. 30, 2013
ACCOUNTING POLICIES  
DESCRIPTION OF BUSINESS AND HISTORY
DESCRIPTION OF BUSINESS AND HISTORY - Casey Container Corp. (formerly Sawadee
Ventures Inc.), a Nevada corporation, (hereinafter referred to as the "Company"
or "Casey") was incorporated in the State of Nevada on September 26, 2006. The
Company's yearend is December 31. The Company initially was formed to engage in
the acquisition, exploration and development of natural resource properties of
merit and from September 2008 to serve as a vehicle to acquire an operating
business.
Effective January 6, 2010 Ms. Rachna Khanna tendered her resignation as the
President, CEO, CFO and Director. Effective January 12, 2010, James Casey, Terry
Neild and Robert Seaman were appointed as Directors of the Company. Mr. Casey
was elected President, Mr. Terry Neild was elected Chief Executive Officer,
Chief Financial Officer and Secretary and Mr. Seaman was elected Vice
President-Operations. Effective February 7, 2011, Martin R. Nason was elected
Chief Executive Officer, President and Chief Financial Officer. Mr. Neild
remains Chairman of the Board of Directors and Secretary, Mr. Casey as
Vice-President of Technical Services and Sales and Mr. Seaman as
Vice-President-Operations.
BASIS OF PRESENTATION
BASIS OF PRESENTATION - In the opinion of management, the accompanying balance
sheets and related interim statements of operations, cash flows and
stockholders' equity include all adjustments, consisting only of normal
recurring items, necessary for their fair presentation in conformity with
accounting principles generally accepted in the United States of America ("U. S.
GAAP"). Preparing financial statements requires management to make estimates and
assumptions that affect the reported amounts of assets, liabilities, revenue and
expenses. Actual results and outcomes may differ from managements' estimates and
assumptions. Interim results are not necessarily indicative of results for a
full year. The information included in this June 30, 2013 Form 10-Q should be
read in conjunction with information included in the December 31, 2012 and 2011
Form 10-K.
THE COMPANY TODAY
THE COMPANY TODAY
The Company is currently a development stage company reporting under the
provisions of Statement of Financial Accounting Standard ("FASB") No. 7,
"Accounting and Reporting for Development Stage Enterprises."
Effective January 12, 2010, the Company's Certificate of Incorporation was
changed and the name of the Company was changed to Casey Container Corp.
("Casey"). Casey designs and will custom manufacture biodegradable PET and other
polymer plastic preforms that become biodegradable PET and other polymer plastic
bottles and containers, for such product lines as bottled water, bottled
beverages and other consumer products. Casey has a non-binding supply and
license agreement with Bio-Tec Environmental, LLC. Casey currently is considered
a "shell" company inasmuch as it is not in production and has no revenues,
employees or material assets.
USE OF ESTIMATES
USE OF ESTIMATES - The preparation of the 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 amount of revenue and expenses during
the reporting period. Actual results could differ from those estimates.
RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS - The Company has evaluated all recent
accounting pronouncements and believes that none will have a material effect on
the Company.
XML 15 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statements of Operations (USD $)
3 Months Ended 6 Months Ended 81 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
REVENUES:          
Revenues $ 0 $ 0 $ 0 $ 0 $ 0
Total Revenues 0 0 0 0 0
Operating Expenses          
Exploration expenses 0 0 0 0 10,000
Impairment of property 0 0 0 0 27,379
General and administrative 190,158 968,010 351,885 1,210,372 3,999,637
Total operating expenses 190,158 968,010 351,885 1,210,372 4,037,016
OTHER EXPENSES:          
Interest 299 299 171 597 2,243
Total other expenses 299 299 171 597 2,243
PROVISION FOR INCOME TAXES:          
Income Tax Benefit 0 0 0 0 0
Net Income (Loss) for the period $ (190,457) $ (968,309) $ (352,056) $ (1,210,969) $ (4,039,259)
Basic and Diluted Earnings Per Common Share $ 0.00 $ (0.02) $ (0.01) $ (0.02)  
Weighted Average number of Common Shares used in per share calculations 71,232,635 61,476,814 70,332,171 61,133,408  
XML 16 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
INTANGIBLES
6 Months Ended
Jun. 30, 2013
INTANGIBLES  
INTANGIBLES
3. INTANGIBLES
The Company's accounting policy for Long-Lived Assets requires it to review on a
regular basis for facts or circumstances that may suggest impairment.
The Company recorded an asset Contract Rights for $18,379 (see Note 4
"Stockholders' Equity") at December 31, 2010. The Product Purchase Agreement
("PPA") is between the Company and Taste of Aruba (U.S.), Inc., a related party
(see Note 4 "Stockholders' Equity" and Note 5 "Related Party Transactions"). The
PPA does not provide a performance guaranty to purchase the Company's products.
If there isn't substantial performance the Company's option would be to seek
damages in a lawsuit, but there is no guaranty damages would be awarded or that
any awarded damages would be collected. The Company determined the Contract
Rights are impaired and expensed the full amount of $18,379 in 2010.
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Shares issued to Director and for proceeds (Details) (USD $)
12 Months Ended
Dec. 31, 2007
Dec. 31, 2006
Shares issued to Director and for proceeds    
Shares issued to the Directors of the company 18,000,000 18,000,000
Per share value of shares issued to the Directors of the company $ 0.002 $ 0.001
Value of shares issued to the Directors of the company $ 36,000 $ 18,000
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Related Party Transactions Amounts Outstanding (Tables)
6 Months Ended
Jun. 30, 2013
Related Party Transactions Amounts Outstanding  
Related Party Transactions Amounts Outstanding
Amounts outstanding to Related
Parties, at June 30, 2013 and December 31, 2012, respectively, are unsecured:
                                                     June 30,      December 31,
                                                       2013           2012
                                                    ----------     ----------
Unpaid expenses and fees to Officers/Directors      $  801,441     $1,031,347
                                                    ----------     ----------
Non-interest bearing loans to Related Parties
  Non Officer/Director                              $   22,000     $   22,000
  Chairman of the Board/Officer and Controlled
   Entity                                           $    4,850     $   50,250
  Vice President and Director                       $       --     $   42,000
                                                    ----------     ----------
      Total                                         $   26,850     $  114,250
                                                    ==========     ==========
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SUBSEQUENT EVENTS TRANSACTIONS (Details) (USD $)
Jul. 20, 2013
SUBSEQUENT EVENTS TRANSACTIONS  
Issuance of restricted Common shares at the closing price 400,000
Issuance of restricted Common shares at the closing price per share $ 0.05
Common shares on the OTC.BB for a value $ 20,000
XML 25 R27.htm IDEA: XBRL DOCUMENT v2.4.0.8
Shares issued during March to Oct 2011 transactions (Details) (USD $)
Jun. 17, 2011
Apr. 21, 2011
Mar. 31, 2011
Mar. 04, 2011
Shares issued during March to October 2011 Transactions        
Shares issued to non-related party   333,334 50,000 633,667
Per share value of shares issued to non related party   $ 0.15 $ 0.15 $ 0.15
Value of shares issued to non related party   $ 50,000 $ 7,500 $ 95,050
10% finders fee charged to additional paid in capital     750 9,505
Shares issued to President and CEO 1,500,000      
Value of shares issued to President and CEO 97,500      
Per share value of shares issued to President and CEO 0.065      
Issued shares to Chairman 750,000      
Issued shares to Chairman value $ 48,750      
Issued shares to Chairman value per share $ 0.065      
XML 26 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Shares issued during the period (Details) (USD $)
Feb. 25, 2011
Feb. 07, 2011
Jan. 27, 2011
Jan. 13, 2011
Shares issued during the Period        
Shares issued to Consultant were forfeited and called for non-performance       250,000
Shares issued in connection with consulting agreement     200,000  
Per Share value issued in connection with consulting agreement     $ 0.17  
Value of shares issued (consulting agreement)     $ 34,000  
Shares issued as part of employment contract   1,000,000    
Per share value of shares issued as part of employment contract   $ 0.12    
Value of shares issued as part of employment contract   120,000    
Shares issued to a related party   1,000,000    
Per share value of shares issued to related party   $ 0.12    
Value of shares issued to a related party   $ 120,000    
Shares issued to provide working capital requirements 6,000,000      
Closing price of its Common shares on the OTC.BB per share $ 0.23      
Numerous factors in determining the discounted price $ 0.15      
XML 27 R34.htm IDEA: XBRL DOCUMENT v2.4.0.8
NON-INTEREST BEARING LOANS Consists Of the Following (Details) (USD $)
Jun. 30, 2013
Dec. 31, 2012
NON-INTEREST BEARING LOANS Consists Of the Following    
Non-interest bearing loans to Related Parties Non-Officer/Director. $ 22,000 $ 22,000
Chairman of the Board/Officer and Controlled Entity. 4,850 50,250
Vice President and Director. 0 42,000
Total NonInterest Bearing To Non Related Parties $ 26,850 $ 114,250
XML 28 R19.xml IDEA: Non Interest Bearing Loans To Non Related Parties (Tables) 2.4.0.8000190 - Disclosure - Non Interest Bearing Loans To Non Related Parties (Tables)truefalsefalse1false falsefalseD130101_130630http://www.sec.gov/CIK0001387998duration2013-01-01T00:00:002013-06-30T00:00:001true 1fil_NonInterestBearingLoansToNonRelatedPartiesAbstractfil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 2fil_NonInterestBearingLoansToNonRelatedPartiesTableTextBlockfil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<!--egx--><pre>The amounts of all non-interest bearing loans outstanding at June 30, 2013 and</pre><pre>December 31, 2012, respectively, are to Related Parties (all amounts are</pre><pre>unsecured - see Note 5, "Related Party Transactions") follows:</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; June 30,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; December 31,</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2012</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------</pre><pre>Non-interest bearing loans to Related Parties</pre><pre>&nbsp; Non-Officer/Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 22,000&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 22,000</pre><pre>&nbsp; Chairman of the Board/Officer and Controlled</pre><pre>&nbsp;&nbsp; Entity&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp; 4,850&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 50,250</pre><pre>&nbsp; Vice President and Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp; --&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 42,000</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--------&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 26,850&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $114,250</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ========&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ========</pre>falsefalsefalsenonnum:textBlockItemTypenaTabular disclosure for Non Interest Bearing Loans To Non Related Parties.No definition available.false0falseNon Interest Bearing Loans To Non Related Parties (Tables)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.caseycontainer.com/20130630/role/idr_DisclosureNonInterestBearingLoansToNonRelatedPartiesTables12 XML 29 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8
Related Party Transactions Non interest loan consists of (Details) (USD $)
May 23, 2012
Feb. 03, 2012
Oct. 31, 2011
Feb. 07, 2011
Jan. 28, 2011
Related Party Transactions Non interest loan consists of          
Related party loan to the company   $ 7,000     $ 20,000
Shares issued to related party with a verbal agreement investor relations, consulting and capital raising       1,000,000  
Cancelled original shares regarding performance under the verbal agreement     500,000    
Repayment of loan $ 5,000        
XML 30 R9.xml IDEA: GOING CONCERN 2.4.0.8000090 - Disclosure - GOING CONCERNtruefalsefalse1false falsefalseD130101_130630http://www.sec.gov/CIK0001387998duration2013-01-01T00:00:002013-06-30T00:00:001true 1fil_GoingConcernAbstractfil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 2us-gaap_LiquidityDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<!--egx--><pre>2. GOING CONCERN</pre><pre>The Company incurred net losses of $4,039,259 for the period from September 26,</pre><pre>2006 (Date of Inception) through June 30, 2013 and has commenced limited</pre><pre>operations, raising substantial doubt about the Company's ability to continue as</pre><pre>a going concern. The Company plans to continue to sell its restricted Common</pre><pre>shares for cash and borrow from its directors, officers, related and non-related</pre><pre>parties, as well as reduce its cash expenses. The ability of the Company to</pre><pre>continue as a going concern is dependent on receiving such equity capital funds</pre><pre>for cash and the success of the Company's plan. The financial statements do not</pre><pre>include any adjustments that might be necessary if the Company is unable to</pre><pre>continue as a going concern.</pre>falsefalsefalsenonnum:textBlockItemTypenaDisclosure of accounting policy for reporting when there is a substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time (generally a year from the balance sheet date). Disclose: (a) pertinent conditions and events giving rise to the assessment of substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time, (b) the possible effects of such conditions and events, (c) management's evaluation of the significance of those conditions and events and any mitigating factors, (d) possible discontinuance of operations, (e) management's plans (including relevant prospective financial information), and (f) information about the recoverability or classification of recorded asset amounts or the amounts or classification of liabilities. If management's plans alleviate the substantial doubt about the entity's ability to continue as a going concern, disclosure of the principal conditions and events that initially raised the substantial doubt about the entity's ability to continue as a going concern would be expected to be considered. Disclose whether operations for the current or prior years generated sufficient cash to cover current obligations, whether waivers were obtained from creditors relating to the company's default under the provisions of debt agreements and possible effects of such conditions and events, such as: whether there is a possible need to obtain additional financing (debt or equity) or to liquidate certain holdings to offset future cash flow deficiencies. Disclose appropriate parent company information when parent is dependent upon remittances from subsidiaries to satisfy its obligations.No definition available.false0falseGOING CONCERNUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.caseycontainer.com/20130630/role/idr_DisclosureGOINGCONCERN12 XML 31 R12.xml IDEA: RELATED PARTY TRANSACTIONS 2.4.0.8000120 - Disclosure - RELATED PARTY TRANSACTIONStruefalsefalse1false falsefalseD130101_130630http://www.sec.gov/CIK0001387998duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_RelatedPartyTransactionsAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 2us-gaap_RelatedPartyTransactionsDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<!--egx--><pre>5. RELATED PARTY TRANSACTIONS</pre><pre>As of June 30, 2013 and December 31, 2012, respectively, $801,441 and $1,031,347</pre><pre>is due to Company officers for unpaid expenses, fees and loans. Terry W. Neild,</pre><pre>Chief Executive Officer, Chief Financial Officer, Secretary and Director made</pre><pre>several non-interest bearing cash loans totaling $179,400 to the Company during</pre><pre>the year 2010. On December 30, 2010, Mr. Neild exchanged these non-interest</pre><pre>bearing cash loans for 717,600 Restricted Common shares, at $0.25 per share, the</pre><pre>closing price of the Company's Common shares on the date of conversion. Mr.</pre><pre>Neild is also Chairman of the Board and shareholder of Taste of Aruba (U.S.),</pre><pre>Inc. (see Note 3 "Intangible Assets" and Note 4 "Stockholders' Equity"). On</pre><pre>January 28, 2011, a related party loaned the Company $20,000 in a non-interest</pre><pre>bearing loan (See Note 10 "Non-Interest Bearing Loans"). On February 7, 2011,</pre><pre>1,000,000 Common shares were issued to Auspice Capital LLC, a related party, in</pre><pre>connection with a verbal agreement for investor relations, consulting and</pre><pre>capital raising services and on October 31, 2011, the Company cancelled 500,000</pre><pre>of the original shares regarding performance under the verbal agreement (see</pre><pre>Note 4 "Stockholders' Equity"). On February 3, 2012, a related party made a</pre><pre>non-interest bearing loan of $7,000, of which $5,000 was repaid on May 23, 2012.</pre><pre>On February 10, 2012, the Chief Executive Officer loaned $7,000 in a</pre><pre>non-interest bearing loan, which was repaid on February 13, 2012. On February</pre><pre>22, 2012, the Chief Executive Officer loaned $1,100 in a non-interest bearing</pre><pre>loan, which was repaid on April 25 and May 17, 2012 (See Note 7 "Non-Interest</pre><pre>Bearing Loans"). On May 21 and May 30, 2012, the Chairman of the Board loaned</pre><pre>the Company $12,000 and $38,250, respectively, in a non-interest bearing loan.</pre><pre>On April 11, 2012, 250,000 Common shares were issued at $0.18 per share (the</pre><pre>closing price of the Common shares on April 11, 2012) to a Vice President in</pre><pre>exchange for amounts owed for services rendered and expensed in the period</pre><pre>ending March 31, 2012. On April 18 and May 17, 2012, a Vice President loaned the</pre><pre>Company $38,000 and $4,000, respectively, in a non-interest bearing loan. See</pre><pre>Note 7, "Non-Interest Bearing Loans." On March 5, 2013, the Company borrowed</pre><pre>$4,850 in a non-interest bearing loan, from a firm controlled by the Chairman of</pre><pre>the Board. On June 24, 2013, the Chairman, Chief Executive Officer and President</pre><pre>and the Vice President Sales and Technical Services signed Debt Settlement</pre><pre>Agreements, converting $92,000, $510,000 and $60,000, respectively of unpaid</pre><pre>expenses, fees and loans into 1,533,333, 8,500,000 and 1,000,000, respectively</pre><pre>of Restricted Common Shares (see Note 4 "Stockholders' Equity") at $0.06 per</pre><pre>share. On June 24, 2013, the closing price of the Company's freely-traded shares</pre><pre>on the OTC.BB was $0.07 per share, representing a 14.3% discount due. A Form 8-K</pre><pre>was filed by the Company on July 1, 2013. Amounts outstanding to Related</pre><pre>Parties, at June 30, 2013 and December 31, 2012, respectively, are unsecured:</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; June 30,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; December 31,</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2012</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ----------&nbsp;&nbsp;&nbsp;&nbsp; ----------</pre><pre>Unpaid expenses and fees to Officers/Directors&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp; 801,441&nbsp;&nbsp;&nbsp;&nbsp; $1,031,347</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;----------&nbsp;&nbsp;&nbsp;&nbsp; ----------</pre><pre>Non-interest bearing loans to Related Parties</pre><pre>&nbsp; Non Officer/Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp; 22,000&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp; 22,000</pre><pre>&nbsp; Chairman of the Board/Officer and Controlled</pre><pre>&nbsp;&nbsp; Entity&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp; 4,850&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp; 50,250</pre><pre>&nbsp; Vice President and Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp; 42,000</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ----------&nbsp;&nbsp;&nbsp;&nbsp; ----------</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$&nbsp;&nbsp; 26,850&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp; 114,250</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ==========&nbsp;&nbsp;&nbsp;&nbsp; ==========</pre>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph b -Article 3A Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph k -Article 4 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 57 -Paragraph 1-4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. false0falseRELATED PARTY TRANSACTIONSUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.caseycontainer.com/20130630/role/idr_DisclosureRELATEDPARTYTRANSACTIONS12 XML 32 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stock issuance As Follows (Details) (USD $)
Dec. 31, 2010
Dec. 14, 2010
May 22, 2010
May 15, 2010
Mar. 24, 2010
Stock issuance As Follows          
Common stock were issued and issuable pursuant to a Commitment Agreement         18,621,500
Shares issued to TOA shareholders         18,379,000
Net reduction of shares         242,500
Per Share value of Shares issued to TOA shareholders         0.001
Percentage of the total shares outstanding after the issuance         33.00%
Common stock shares issued to non-related party   470,000 400 6,000  
Per share value of Common stock shares issued to non-related party   $ 0.15 $ 0.333 $ 0.333  
Value of common stock shares issued to non-related party   $ 70,500 $ 132 $ 2,000  
Common stock shares issued to related party 717,600        
Per share value of Common stock shares issued to related party $ 0.25        
XML 33 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statements of Cash Flows (USD $)
6 Months Ended 81 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
OPERATING ACTIVITIES:      
Net Loss $ (352,056) $ (1,210,969) $ (4,039,259)
Adjustments to reconcile net loss to net cash used in operating activities:      
Expenses paid on our behalf by Related Parties 321,514 374,098 1,568,752
Impairment of Long Term Assets 0 0 27,379
Stock issued to Related Party for Expenses incurred on our behalf 0 0 76,000
Stock issued to Vice President for debt and Chairman for services 0 45,000 93,750
Stock issued to President and Vice President for compensation 0 85,000 320,000
Stock issued to Chairman for investor relations services 0 127,500 127,500
Stock issued to CEO/President for committed employment agreement 0 510,000 510,000
Stock issued and issuable for services to Related Party 0 0 60,000
Stock issued for services to Non-Officer Board Members 60,000 0 60,000
Stock issued for services to Non-Related Party 67,500 0 734,000
Stock issued for interest bearing loan payable 0 0 25,000
Stock issued to Non-Related Party for conversion of accounts payable 50,000 0 50,000
Stock issued to Related Parties for conversion of accounts payable 569,750 0 569,750
Stock issued to Related Parties for conversion of loans 92,250 0 195,650
Accounts payables and loans due to Related Parties converted into stock (662,000) 0 (662,000)
Stock cancelled due to rescission of agreements (105,000) 0 (105,000)
Finance and interest charges added to loan payable 171 597 22,144
Prepaid expenses, (8,100) 0  
Accounts payable and accrued expenses, (41,931) 5,354 92,768
Net Cash Provided from Operating Activities 198 (71,520) (273,566)
INVESTING ACTIVITIES:      
Mineral property option payment 0 0 (9,000)
Net Cash Used in Investing Activities 0 0 (9,000)
FINANCING ACTIVITIES:      
Repayment of Related party expenses paid on our behalf (8,520) (20,000) (224,411)
Non-interest bearing loan from Related Party 4,850 107,350 132,200
Repayment of Related party loan 0 (13,100) (13,100)
Proceeds from loan payable 0 0 55,000
Common stock issued and issuable for cash 0 0 332,927
Net Cash Provided from Financing Activities (3,670) 74,250 282,616
Net Increase (Decrease) in Cash (3,472) 2,730 50
Cash, Beginning of the Period 3,522 115 0
Cash, End of the Period 50 2,845 50
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for interest 0 0 0
Cash paid for income taxes 0 0 0
NON CASH ACTIVITIES:      
Expenses paid on our behalf and loans from Related Parties exchanged for 11,033,333, 250,000 and 717,600 Common shares on June 24, 2013,April 11, 2012 and December 31, 2010 662,000 45,000 886,400
Stock issued for services to Non-Officer Board Members, 60,000 0 60,000
Stock issued for services to Non-Related Party, 67,500 0 734,000
Stock issued for interest bearing loan payable, 0 0 25,000
Stock issued to Non-Related Party for conversion of accounts payable, 50,000 0 50,000
Stock issued to Related Parties for conversion of accounts payable, 569,750 0 569,750
Stock issued to Related Parties for conversion of loans, $ 92,250 $ 0 $ 195,650
XML 34 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING
6 Months Ended
Jun. 30, 2013
DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING  
DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING
1. DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES
DESCRIPTION OF BUSINESS AND HISTORY - Casey Container Corp. (formerly Sawadee
Ventures Inc.), a Nevada corporation, (hereinafter referred to as the "Company"
or "Casey") was incorporated in the State of Nevada on September 26, 2006. The
Company's yearend is December 31. The Company initially was formed to engage in
the acquisition, exploration and development of natural resource properties of
merit and from September 2008 to serve as a vehicle to acquire an operating
business.
Effective January 6, 2010 Ms. Rachna Khanna tendered her resignation as the
President, CEO, CFO and Director. Effective January 12, 2010, James Casey, Terry
Neild and Robert Seaman were appointed as Directors of the Company. Mr. Casey
was elected President, Mr. Terry Neild was elected Chief Executive Officer,
Chief Financial Officer and Secretary and Mr. Seaman was elected Vice
President-Operations. Effective February 7, 2011, Martin R. Nason was elected
Chief Executive Officer, President and Chief Financial Officer. Mr. Neild
remains Chairman of the Board of Directors and Secretary, Mr. Casey as
Vice-President of Technical Services and Sales and Mr. Seaman as
Vice-President-Operations.
BASIS OF PRESENTATION - In the opinion of management, the accompanying balance
sheets and related interim statements of operations, cash flows and
stockholders' equity include all adjustments, consisting only of normal
recurring items, necessary for their fair presentation in conformity with
accounting principles generally accepted in the United States of America ("U. S.
GAAP"). Preparing financial statements requires management to make estimates and
assumptions that affect the reported amounts of assets, liabilities, revenue and
expenses. Actual results and outcomes may differ from managements' estimates and
assumptions. Interim results are not necessarily indicative of results for a
full year. The information included in this June 30, 2013 Form 10-Q should be
read in conjunction with information included in the December 31, 2012 and 2011
Form 10-K.
THE COMPANY TODAY
The Company is currently a development stage company reporting under the
provisions of Statement of Financial Accounting Standard ("FASB") No. 7,
"Accounting and Reporting for Development Stage Enterprises."
Effective January 12, 2010, the Company's Certificate of Incorporation was
changed and the name of the Company was changed to Casey Container Corp.
("Casey"). Casey designs and will custom manufacture biodegradable PET and other
polymer plastic preforms that become biodegradable PET and other polymer plastic
bottles and containers, for such product lines as bottled water, bottled
beverages and other consumer products. Casey has a non-binding supply and
license agreement with Bio-Tec Environmental, LLC. Casey currently is considered
a "shell" company inasmuch as it is not in production and has no revenues,
employees or material assets.
USE OF ESTIMATES - The preparation of the 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 amount of revenue and expenses during
the reporting period. Actual results could differ from those estimates.
RECENT ACCOUNTING PRONOUNCEMENTS - The Company has evaluated all recent
accounting pronouncements and believes that none will have a material effect on
the Company.
XML 35 R11.xml IDEA: STOCKHOLDERS' EQUITY 2.4.0.8000110 - Disclosure - STOCKHOLDERS' EQUITYtruefalsefalse1false falsefalseD130101_130630http://www.sec.gov/CIK0001387998duration2013-01-01T00:00:002013-06-30T00:00:001true 1fil_Equity1Abstractfil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 2us-gaap_StockholdersEquityNoteDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<!--egx--><pre>4. STOCKHOLDERS' EQUITY</pre><pre>At June 30, 2013 and December 31, 2012, the Company has 10,000,000 Preferred</pre><pre>shares authorized with a par value of $0.001 per share and 250,000,000 Common</pre><pre>shares authorized with a par value of $0.001 per share. At June 30, 2013 and</pre><pre>December 31, 2012, the Company has 82,200,034 and 69,566,701 Common shares</pre><pre>issued and outstanding, respectively and no Preferred shares issued and</pre><pre>outstanding.</pre><pre>In the fiscal year ending December 31, 2006, 18,000,000 shares of the Company's</pre><pre>Common stock were issued to the directors of the Company pursuant to a stock</pre><pre>subscription agreement at $0.001 per share for total proceeds of $18,000.</pre><pre>In the fiscal year ending December 31, 2007, 18,000,000 shares of the Company's</pre><pre>Common stock were issued at a price of $0.002 per share for gross proceeds of</pre><pre>$36,000.</pre><pre>On March 24, 2010, 18,621,500 shares of the Company's Common stock were issued</pre><pre>and issuable pursuant to a Commitment Agreement ("Agreement") dated January 12,</pre><pre>2010 with Taste of Aruba (U.S.), Inc. ("TOA"), a related party (see Note 5,</pre><pre>"Related Party Transactions"), for a definitive Product Purchase Agreement</pre><pre>("PPA") with TOA for the Company to provide preforms for biodegradable bottles</pre><pre>thru December 31, 2015, which did not result in proceeds to the Company (see</pre><pre>Note 3 "Intangibles"). The Commitment Agreement provided for one share of the</pre><pre>Company's Common shares to be issued for every two shares of TOA shares</pre><pre>outstanding. The 18,379,000 shares issued to TOA shareholders was originally</pre><pre>18,621.500 shares, but two shareholders (105,000 shares) were inadvertently left</pre><pre>off the shareholder list and three shareholders (347,500 shares) originally on</pre><pre>the shareholder list should not have been, a net reduction of 242,500 shares.</pre><pre>The Company valued the 18,379,000 shares at $0.001 per share because it</pre><pre>determined the fair value of the shares was more reliably determinable than the</pre><pre>value of the PPA, the transaction predated market activity in the Company's</pre><pre>Common shares which began February 19, 2010, the number of shares issued</pre><pre>pursuant to the Agreement represented 33% of the total shares outstanding after</pre><pre>the issuance and almost four times the total 2010 traded volume of the Company's</pre><pre>Common shares. The issuable shares were issued on January 13, 2011.</pre><pre>On May 15, 2010, 6,000 shares of the Company's Common shares were issued at</pre><pre>$0.333 per share for $2,000 to a non-related party, at a discount to the closing</pre><pre>price on May 14, 2010.</pre><pre>On May 22, 2010, 400 shares of the Company's Common shares were issued at $0.333</pre><pre>per share for $132 to a non-related party, at a discount to the closing price on</pre><pre>May 19, 2010.</pre><pre>On December 14, 2010, 470,000 shares of the Company's Common shares were issued</pre><pre>at $0.15 per share for $70,500 to a non-related party, at a discount to the</pre><pre>closing price on December 13, 2010. The Common shares were issued on January 13,</pre><pre>2011.</pre><pre>On December 30, 2010, 717,600 shares of the Company's Common shares were issued</pre><pre>in exchange for non-interest bearing loans made by Mr. Terry Neild, Chairman of</pre><pre>the Board and officer to the Company, at $0.25 per share, the closing price on</pre><pre>December 29, 2010 (See Note 5 "Related Party Transactions.").</pre><pre>On January 13, 2011, 250,000 Common shares previously issued to a consultant to</pre><pre>provide investor relations services were forfeited and cancelled for</pre><pre>non-performance.</pre><pre>On January 27, 2011, the Company issued 200,000 Common shares in connection with</pre><pre>a consulting agreement for investor relations services with Falcon Financial</pre><pre>Partners LLC. The shares were valued at $0.17 per share, the closing price of</pre><pre>its Common shares on the OTC.BB. The $34,000 value was expense in the quarter</pre><pre>ended March 31, 2011.</pre><pre>On February 7, 2011, the Company issued 1,000,000 Common shares to Martin R.</pre><pre>Nason, as part of an employment contract as Chief Executive Officer, President</pre><pre>and Chief Financial Officer. The shares were valued at $0.12 per share, the</pre><pre>closing price of its Common shares on the OTC.BB. The $120,000 value was</pre><pre>expensed in the quarter ended March 31, 2011.</pre><pre>On February 7, 2011, the Company issued 1,000,000 Common shares to Auspice</pre><pre>Capital LLC, a related party (see Note 5 "Related Party Transactions") for a</pre><pre>verbal agreement for investor relations, consulting services and assistance to</pre><pre>the Company in raising cash equity. The shares were valued at $0.12 per share,</pre><pre>the closing price of its Common shares on the OTC.BB. The $120,000 value was</pre><pre>expensed in the quarter ended March 31, 2011.</pre><pre>On February 25, 2011 the Board of Directors approved selling up to six million</pre><pre>Common shares at $0.15 per share to raise cash equity to provide working capital</pre><pre>and/or equipment to commence operations. On February 24, 2011, the closing price</pre><pre>of its Common shares on the OTC.BB was $0.23 per share. The Board considered</pre><pre>numerous factors to determine the discounted $0.15 price, including but not</pre><pre>limited to, the average number of shares traded per day over the previous</pre><pre>several months, the high, low and closing price range over the previous several</pre><pre>months, the lack of liquidity for the Common shares and the lack of credit</pre><pre>availability.</pre><pre>On March 4, 2011, the Company sold 633,667 Common shares for $95,050 cash at</pre><pre>$0.15 per share to four (4) non-related parties. A 10% finder's fee of $9,505</pre><pre>was paid, which was charged to Additional Paid-In Capital.</pre><pre>On March 31, 2011, the Company sold 50,000 Common shares for $7,500 cash at</pre><pre>$0.15 per share to a non-related party. A 10% finder's fee of $750 was paid,</pre><pre>which was charged to Additional Paid-In Capital.</pre><pre>On April 21, 2011, the Company sold 333,334 Common shares for $50,000 cash at</pre><pre>$0.15 per share to a non-related party.</pre><pre>On June 17, 2011, the Company issued 750,000 shares to its Chairman for $48,750</pre><pre>at $0.065 per share (the closing price of the Common shares on June 17, 2011)</pre><pre>for reimbursement for investor relations services paid by the Chairman to</pre><pre>non-related vendors. The $48,750 was expensed in the quarter ending June 30,</pre><pre>2011.</pre><pre>On June 17, 2011, the Company issued 1,500,000 shares to its President and Chief</pre><pre>Executive Officer for $97,500 cash at $0.065 per share (the closing price of the</pre><pre>Common shares on June 17, 2011) as compensation. The $97,500 was expensed in the</pre><pre>quarter ending June 30, 2011.</pre><pre>On April 11, 2012, the Company issued 250,000 shares at $0.18 per share (the</pre><pre>closing price of the Common shares on April 11, 2012) to its Vice President in</pre><pre>exchange for $45,000 owed to the Vice President for prior services rendered.</pre><pre>(see Note 5, "Related Party Transactions").</pre><pre>On June 20, 2012, the Company agreed to issue ("issuable') 4,250,000 shares at</pre><pre>$0.17 per share (the closing price of the Common shares on June 20, 2012) for a</pre><pre>total value of $722,500. Of the 4,250,000 shares, 500,000 shares with a value of</pre><pre>$85,000 were for services by its Vice President; 750,000 shares with a value of</pre><pre>$127,500 were for investor relations services by its Chairman; 3,000,000 shares</pre><pre>with a value of $510,000 was for a committed five-year employment agreement by</pre><pre>its Chief Executive Officer, President and Chief Financial Officer. The $722,500</pre><pre>was expensed in the quarter ending Jun 30, 2012 and the 4,250,000 issuable</pre><pre>shares were issued on July 5, 2012.</pre><pre>On July 17, 2012, the Company agreed to issue 3,000,000 shares at $0.15 per</pre><pre>share (the closing price of the Common shares on July 17, 2012) for a value of</pre><pre>$450,000 to Shoreline Consulting International for investor relations services,</pre><pre>in connection with the Company's consulting agreements with Rathbourne</pre><pre>Mercantile Ltd. and Lankford Consulting International, Inc. and the private</pre><pre>equity fund ARG Vermogensverwaltung AG (see Note 6 "Rathbourne Mercantile Ltd.</pre><pre>Consulting Agreement").</pre><pre>On August 3, 2012, the Company agreed to issue 250,000 shares at $0.22 per share</pre><pre>(the closing price of the Common shares on August 3, 2012) for a value of</pre><pre>$55,000 to Rathbourne Mercantile, Ltd. (see Note 6 "Rathbourne Mercantile Ltd</pre><pre>Consulting Agreement") for consulting services. The $55,000 was expensed in the</pre><pre>quarter ending September 30, 2012.</pre><pre>On August 30, 2012, the Company agreed to issue 300,000 shares at $0.24 per</pre><pre>share (the closing price of the Common shares on August 30, 2012) for a value of</pre><pre>$72,000 to South Corner LLC for consulting and investor relations services. The</pre><pre>$72,000 was expensed in the quarter ending September 30, 2012.</pre><pre>On October 17, 24, 25, 2012 and November 14, 2012, the Company issued 426,700</pre><pre>shares for $64,000 in cash to non-related parties, at $0.15 per share, a</pre><pre>discount from the October 17, 2012, the commitment date closing price of $0.29</pre><pre>per share. The discount is due to volatility, lack of liquidity and restrictions</pre><pre>on the Company's Common shares on the OTC.BB.</pre><pre>On December 12, 2012, the Company issued 150,000 restricted Common shares for</pre><pre>consulting and investor relations services for $33,000, at $0.22 per share, the</pre><pre>closing price of the Company's Common shares on the OTC.BB. The amount was</pre><pre>expensed in the quarter ending December 31, 2012.</pre><pre>On December 27, 2012, the Company issued 150,000 shares for consulting and</pre><pre>investor relations services for $22,500, at $0.15 per share, the closing price</pre><pre>of the Company's common shares on the OTC.BB. The amount was expensed in the</pre><pre>quarter ending December 31, 2012.</pre><pre>On January 15, 2013, the Company entered into a Rescission Agreement regarding</pre><pre>the August 30, 2012 and December 12, 2012 issuances of 300,000 restricted Common</pre><pre>shares and 150,000 restricted Common shares, respectively, due to the Company's</pre><pre>inability to utilize the Consultant's services as expected during the terms of</pre><pre>each of the two consulting and investor relations services agreements. The</pre><pre>Company reversed the $72,000 and $33,000 originally recorded in the quarters</pre><pre>ending September 30, 2012 and December 31, 2012, respectively.</pre><pre>On February 13, 2013, the Company signed a Consulting Agreement with the same</pre><pre>group and issued a total of 450,000 restricted Common shares at $0.15 per share,</pre><pre>the closing price of the Company's Common shares on the OTC.BB. The Company</pre><pre>expensed $67,500 in the quarter ending March 31, 2013.</pre><pre>On April 17, 2013, the Company signed two Agreements To Serve On Board Of</pre><pre>Directors with two new independent Board of Director members and issued a total</pre><pre>of 600,000 restricted Common shares, 300,000 to each, at $0.10 per share, the</pre><pre>closing price of the Company's common shares on the OTC.BB. The Company expensed</pre><pre>$60,000 in the quarter ending June 30, 2013.</pre><pre>On May 20, 2013, the Company signed a Debt Settlement Agreement and issued</pre><pre>1,000,000 restricted Common shares in exchange for $50,000 in Accounts Payable</pre><pre>due to a creditor, at $0.05 per share, a 28.6% discount from the closing price</pre><pre>of the Company's freely-traded Common shares of $0.07 on the OTC.BB.</pre><pre>On June 24, 2013, the Company signed three Debt Settlement Agreements and issued</pre><pre>at total of 11,033,333 restricted Common shares in exchange for a total of</pre><pre>$662,000 in amounts Due To Related Parties and Non-Interest Bearing Loans From</pre><pre>Related Parties, of which $92,000 was owed to its Chairman ($41,750 Due To</pre><pre>Related Parties and $50,250 Non-Interest Bearing Loans From Related Parties),</pre><pre>$510,000 was owed to its Chief Executive Officer and President ($510,000 Due To</pre><pre>Related Parties) and $60,000 owed to its Vice President of Sales and Technical</pre><pre>Services ($18,000 in Due To Related Parties and $42,000 in Non-Interest Bearing</pre><pre>Loans From Related Parties). The debt settlement was at $0.06 per share, a 14.3%</pre><pre>discount from the closing price of its freely-traded shares of $0.07 on the</pre><pre>OTC.BB.</pre>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Article 4 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 43 -Section B -Paragraph 7, 11A -Chapter 1 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. 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This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. 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STOCKHOLDERS' EQUITY
6 Months Ended
Jun. 30, 2013
STOCKHOLDERS' EQUITY {1}  
STOCKHOLDERS' EQUITY
4. STOCKHOLDERS' EQUITY
At June 30, 2013 and December 31, 2012, the Company has 10,000,000 Preferred
shares authorized with a par value of $0.001 per share and 250,000,000 Common
shares authorized with a par value of $0.001 per share. At June 30, 2013 and
December 31, 2012, the Company has 82,200,034 and 69,566,701 Common shares
issued and outstanding, respectively and no Preferred shares issued and
outstanding.
In the fiscal year ending December 31, 2006, 18,000,000 shares of the Company's
Common stock were issued to the directors of the Company pursuant to a stock
subscription agreement at $0.001 per share for total proceeds of $18,000.
In the fiscal year ending December 31, 2007, 18,000,000 shares of the Company's
Common stock were issued at a price of $0.002 per share for gross proceeds of
$36,000.
On March 24, 2010, 18,621,500 shares of the Company's Common stock were issued
and issuable pursuant to a Commitment Agreement ("Agreement") dated January 12,
2010 with Taste of Aruba (U.S.), Inc. ("TOA"), a related party (see Note 5,
"Related Party Transactions"), for a definitive Product Purchase Agreement
("PPA") with TOA for the Company to provide preforms for biodegradable bottles
thru December 31, 2015, which did not result in proceeds to the Company (see
Note 3 "Intangibles"). The Commitment Agreement provided for one share of the
Company's Common shares to be issued for every two shares of TOA shares
outstanding. The 18,379,000 shares issued to TOA shareholders was originally
18,621.500 shares, but two shareholders (105,000 shares) were inadvertently left
off the shareholder list and three shareholders (347,500 shares) originally on
the shareholder list should not have been, a net reduction of 242,500 shares.
The Company valued the 18,379,000 shares at $0.001 per share because it
determined the fair value of the shares was more reliably determinable than the
value of the PPA, the transaction predated market activity in the Company's
Common shares which began February 19, 2010, the number of shares issued
pursuant to the Agreement represented 33% of the total shares outstanding after
the issuance and almost four times the total 2010 traded volume of the Company's
Common shares. The issuable shares were issued on January 13, 2011.
On May 15, 2010, 6,000 shares of the Company's Common shares were issued at
$0.333 per share for $2,000 to a non-related party, at a discount to the closing
price on May 14, 2010.
On May 22, 2010, 400 shares of the Company's Common shares were issued at $0.333
per share for $132 to a non-related party, at a discount to the closing price on
May 19, 2010.
On December 14, 2010, 470,000 shares of the Company's Common shares were issued
at $0.15 per share for $70,500 to a non-related party, at a discount to the
closing price on December 13, 2010. The Common shares were issued on January 13,
2011.
On December 30, 2010, 717,600 shares of the Company's Common shares were issued
in exchange for non-interest bearing loans made by Mr. Terry Neild, Chairman of
the Board and officer to the Company, at $0.25 per share, the closing price on
December 29, 2010 (See Note 5 "Related Party Transactions.").
On January 13, 2011, 250,000 Common shares previously issued to a consultant to
provide investor relations services were forfeited and cancelled for
non-performance.
On January 27, 2011, the Company issued 200,000 Common shares in connection with
a consulting agreement for investor relations services with Falcon Financial
Partners LLC. The shares were valued at $0.17 per share, the closing price of
its Common shares on the OTC.BB. The $34,000 value was expense in the quarter
ended March 31, 2011.
On February 7, 2011, the Company issued 1,000,000 Common shares to Martin R.
Nason, as part of an employment contract as Chief Executive Officer, President
and Chief Financial Officer. The shares were valued at $0.12 per share, the
closing price of its Common shares on the OTC.BB. The $120,000 value was
expensed in the quarter ended March 31, 2011.
On February 7, 2011, the Company issued 1,000,000 Common shares to Auspice
Capital LLC, a related party (see Note 5 "Related Party Transactions") for a
verbal agreement for investor relations, consulting services and assistance to
the Company in raising cash equity. The shares were valued at $0.12 per share,
the closing price of its Common shares on the OTC.BB. The $120,000 value was
expensed in the quarter ended March 31, 2011.
On February 25, 2011 the Board of Directors approved selling up to six million
Common shares at $0.15 per share to raise cash equity to provide working capital
and/or equipment to commence operations. On February 24, 2011, the closing price
of its Common shares on the OTC.BB was $0.23 per share. The Board considered
numerous factors to determine the discounted $0.15 price, including but not
limited to, the average number of shares traded per day over the previous
several months, the high, low and closing price range over the previous several
months, the lack of liquidity for the Common shares and the lack of credit
availability.
On March 4, 2011, the Company sold 633,667 Common shares for $95,050 cash at
$0.15 per share to four (4) non-related parties. A 10% finder's fee of $9,505
was paid, which was charged to Additional Paid-In Capital.
On March 31, 2011, the Company sold 50,000 Common shares for $7,500 cash at
$0.15 per share to a non-related party. A 10% finder's fee of $750 was paid,
which was charged to Additional Paid-In Capital.
On April 21, 2011, the Company sold 333,334 Common shares for $50,000 cash at
$0.15 per share to a non-related party.
On June 17, 2011, the Company issued 750,000 shares to its Chairman for $48,750
at $0.065 per share (the closing price of the Common shares on June 17, 2011)
for reimbursement for investor relations services paid by the Chairman to
non-related vendors. The $48,750 was expensed in the quarter ending June 30,
2011.
On June 17, 2011, the Company issued 1,500,000 shares to its President and Chief
Executive Officer for $97,500 cash at $0.065 per share (the closing price of the
Common shares on June 17, 2011) as compensation. The $97,500 was expensed in the
quarter ending June 30, 2011.
On April 11, 2012, the Company issued 250,000 shares at $0.18 per share (the
closing price of the Common shares on April 11, 2012) to its Vice President in
exchange for $45,000 owed to the Vice President for prior services rendered.
(see Note 5, "Related Party Transactions").
On June 20, 2012, the Company agreed to issue ("issuable') 4,250,000 shares at
$0.17 per share (the closing price of the Common shares on June 20, 2012) for a
total value of $722,500. Of the 4,250,000 shares, 500,000 shares with a value of
$85,000 were for services by its Vice President; 750,000 shares with a value of
$127,500 were for investor relations services by its Chairman; 3,000,000 shares
with a value of $510,000 was for a committed five-year employment agreement by
its Chief Executive Officer, President and Chief Financial Officer. The $722,500
was expensed in the quarter ending Jun 30, 2012 and the 4,250,000 issuable
shares were issued on July 5, 2012.
On July 17, 2012, the Company agreed to issue 3,000,000 shares at $0.15 per
share (the closing price of the Common shares on July 17, 2012) for a value of
$450,000 to Shoreline Consulting International for investor relations services,
in connection with the Company's consulting agreements with Rathbourne
Mercantile Ltd. and Lankford Consulting International, Inc. and the private
equity fund ARG Vermogensverwaltung AG (see Note 6 "Rathbourne Mercantile Ltd.
Consulting Agreement").
On August 3, 2012, the Company agreed to issue 250,000 shares at $0.22 per share
(the closing price of the Common shares on August 3, 2012) for a value of
$55,000 to Rathbourne Mercantile, Ltd. (see Note 6 "Rathbourne Mercantile Ltd
Consulting Agreement") for consulting services. The $55,000 was expensed in the
quarter ending September 30, 2012.
On August 30, 2012, the Company agreed to issue 300,000 shares at $0.24 per
share (the closing price of the Common shares on August 30, 2012) for a value of
$72,000 to South Corner LLC for consulting and investor relations services. The
$72,000 was expensed in the quarter ending September 30, 2012.
On October 17, 24, 25, 2012 and November 14, 2012, the Company issued 426,700
shares for $64,000 in cash to non-related parties, at $0.15 per share, a
discount from the October 17, 2012, the commitment date closing price of $0.29
per share. The discount is due to volatility, lack of liquidity and restrictions
on the Company's Common shares on the OTC.BB.
On December 12, 2012, the Company issued 150,000 restricted Common shares for
consulting and investor relations services for $33,000, at $0.22 per share, the
closing price of the Company's Common shares on the OTC.BB. The amount was
expensed in the quarter ending December 31, 2012.
On December 27, 2012, the Company issued 150,000 shares for consulting and
investor relations services for $22,500, at $0.15 per share, the closing price
of the Company's common shares on the OTC.BB. The amount was expensed in the
quarter ending December 31, 2012.
On January 15, 2013, the Company entered into a Rescission Agreement regarding
the August 30, 2012 and December 12, 2012 issuances of 300,000 restricted Common
shares and 150,000 restricted Common shares, respectively, due to the Company's
inability to utilize the Consultant's services as expected during the terms of
each of the two consulting and investor relations services agreements. The
Company reversed the $72,000 and $33,000 originally recorded in the quarters
ending September 30, 2012 and December 31, 2012, respectively.
On February 13, 2013, the Company signed a Consulting Agreement with the same
group and issued a total of 450,000 restricted Common shares at $0.15 per share,
the closing price of the Company's Common shares on the OTC.BB. The Company
expensed $67,500 in the quarter ending March 31, 2013.
On April 17, 2013, the Company signed two Agreements To Serve On Board Of
Directors with two new independent Board of Director members and issued a total
of 600,000 restricted Common shares, 300,000 to each, at $0.10 per share, the
closing price of the Company's common shares on the OTC.BB. The Company expensed
$60,000 in the quarter ending June 30, 2013.
On May 20, 2013, the Company signed a Debt Settlement Agreement and issued
1,000,000 restricted Common shares in exchange for $50,000 in Accounts Payable
due to a creditor, at $0.05 per share, a 28.6% discount from the closing price
of the Company's freely-traded Common shares of $0.07 on the OTC.BB.
On June 24, 2013, the Company signed three Debt Settlement Agreements and issued
at total of 11,033,333 restricted Common shares in exchange for a total of
$662,000 in amounts Due To Related Parties and Non-Interest Bearing Loans From
Related Parties, of which $92,000 was owed to its Chairman ($41,750 Due To
Related Parties and $50,250 Non-Interest Bearing Loans From Related Parties),
$510,000 was owed to its Chief Executive Officer and President ($510,000 Due To
Related Parties) and $60,000 owed to its Vice President of Sales and Technical
Services ($18,000 in Due To Related Parties and $42,000 in Non-Interest Bearing
Loans From Related Parties). The debt settlement was at $0.06 per share, a 14.3%
discount from the closing price of its freely-traded shares of $0.07 on the
OTC.BB.
XML 38 R14.xml IDEA: NON-INTEREST BEARING LOANS 2.4.0.8000140 - Disclosure - NON-INTEREST BEARING LOANStruefalsefalse1false falsefalseD130101_130630http://www.sec.gov/CIK0001387998duration2013-01-01T00:00:002013-06-30T00:00:001true 1fil_NonInterestBearingLoansAbstractfil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 2fil_NonInterestBearingLoansTextBlockfil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<!--egx--><pre>7. NON-INTEREST BEARING LOANS</pre><pre>On January 28, 2011 and February 3, 2012, Auspice Capital, a related party,</pre><pre>loaned the Company a total of $27,000 in non-interest bearing loans of which</pre><pre>$22,000 are outstanding as of June 30, 2013 and December 31, 2012, respectively</pre><pre>(see Note 5 "Related Party Transactions"). On April 18 and May 17, 2012, the</pre><pre>Vice President Sales and Technical Services, loaned the Company $38,000 and</pre><pre>$4,000, respectively, in non-interest bearing loans, of which none and $42,000</pre><pre>are outstanding as of June 30, 2013 and December 31, 2012, respectively (see</pre><pre>Note 5 "Related Party Transactions").</pre><pre>On May 21 and 30, 2012 and March 5, 2013, the Chairman of the Board and his</pre><pre>controlled entity the loaned the Company $12,000, $38,250 and $4,850,</pre><pre>respectively, in non-interest bearing loans, of which $4,850 and $50,250 are</pre><pre>outstanding as of June 30, 2013 and December 31, 2012, respectively (see Note 5</pre><pre>"Related Party Transactions").</pre><pre>On June 24, 2013, the Chairman and Vice President of Sales and Technical</pre><pre>Services, converted $4,850 and $42,000, respectively of Non-Interest Bearing</pre><pre>Loans into restricted Common Shares of the Company (see Note 4 "Stockholders'</pre><pre>Equity" and Note 5 "Related Party Transactions").</pre><pre>The related party loans are due upon receipt of the Company's cash equity</pre><pre>funding (see Note 6 "Rathbourne Mercantile Ltd./Lankford Consulting, Inc.") or</pre><pre>any other cash equity funding from other parties.</pre><pre>The amounts of all non-interest bearing loans outstanding at June 30, 2013 and</pre><pre>December 31, 2012, respectively, are to Related Parties (all amounts are</pre><pre>unsecured - see Note 5, "Related Party Transactions") follows:</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; June 30,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; December 31,</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2012</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------</pre><pre>Non-interest bearing loans to Related Parties</pre><pre>&nbsp; Non-Officer/Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 22,000&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 22,000</pre><pre>&nbsp; Chairman of the Board/Officer and Controlled</pre><pre>&nbsp;&nbsp; Entity&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp; 4,850&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 50,250</pre><pre>&nbsp; Vice President and Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp; --&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 42,000</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--------&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 26,850&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $114,250</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ========&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ========</pre>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for the non interest bearing loans of the entity during the period.No definition available.false0falseNON-INTEREST BEARING LOANSUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.caseycontainer.com/20130630/role/idr_DisclosureNONINTERESTBEARINGLOANS12 XML 39 R2.xml IDEA: Balance Sheets 2.4.0.8000020 - Statement - Balance Sheetstruefalsefalse1false USDfalsefalse$E13Q2http://www.sec.gov/CIK0001387998instant2013-06-30T00:00:000001-01-01T00:00:00USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170USDUSD$2false USDfalsefalse$E12http://www.sec.gov/CIK0001387998instant2012-12-31T00:00:000001-01-01T00:00:00USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170USDUSD$1true 2us-gaap_AssetsCurrentAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse2falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 3us-gaap_Cashus-gaap_truedebitinstantfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse5050USD$falsetruefalse2truefalsefalse35223522USD$falsetruefalsexbrli:monetaryItemTypemonetaryAmount of currency on hand as well as demand deposits with banks or financial institutions. 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GOING CONCERN
6 Months Ended
Jun. 30, 2013
GOING CONCERN  
GOING CONCERN
2. GOING CONCERN
The Company incurred net losses of $4,039,259 for the period from September 26,
2006 (Date of Inception) through June 30, 2013 and has commenced limited
operations, raising substantial doubt about the Company's ability to continue as
a going concern. The Company plans to continue to sell its restricted Common
shares for cash and borrow from its directors, officers, related and non-related
parties, as well as reduce its cash expenses. The ability of the Company to
continue as a going concern is dependent on receiving such equity capital funds
for cash and the success of the Company's plan. The financial statements do not
include any adjustments that might be necessary if the Company is unable to
continue as a going concern.
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Capital Stock Transactions during April to December 2012 (Details) (USD $)
Dec. 27, 2012
Dec. 12, 2012
Nov. 14, 2012
Aug. 30, 2012
Aug. 03, 2012
Jul. 17, 2012
Jun. 20, 2012
Apr. 11, 2012
Capital Stock Transactions During April To December 2012                
Shares issued to Related party               250,000
Per share value of shares issued to Related Party.               $ 0.18
Value of prior services rendered by Related party, shares issued               $ 45,000
Shares agreed to issue       300,000 250,000 3,000,000 4,250,000  
Per share value of shares agreed to issue       $ 0.24 $ 0.22 $ 0.15 $ 0.17  
Value of shares agreed to issue       72,000 55,000 450,000 722,500  
Of the 4250000 Shares, Shares issued to Vice President for services           500,000 500,000  
Value of services by Vice President           85,000 85,000  
Shares to Chairman for investor relations services           750,000 750,000  
Value of Shares to Chairman for investor relations services           127,500 127,500  
Shares to CEO, President and CFO for committed five year employment agreement           3,000,000 3,000,000  
Value of Shares to CEO, President and CFO for committed five year employment agreement           510,000 510,000  
Issued shares for cash to non-related parties during period Oct 17 to Nov 14, 2012     426,700          
Issued shares for cash to non-related parties during period Oct 17 to Nov 14, 2012 per share     $ 0.15          
Issued shares for consulting and investor relations services 150,000 150,000            
Issued shares for consulting and investor relations services value per share $ 0.15 $ 0.22            
Issued shares for consulting and investor relations services value $ 22,500 $ 33,000            
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Amounts outstanding to Related Parties respectively as follows (Details) (USD $)
Jun. 30, 2013
Dec. 31, 2012
Amounts outstanding to Related Parties respectively as follows    
Unpaid expenses and fees to Officers/Directors $ 801,441 $ 1,031,347
Non-interest bearing loans to Related Parties Non Officer/Director 22,000 22,000
Chairman of the Board/Officer and Controlled Entity 4,850 50,250
Vice President and Director 0 42,000
Total $ 26,850 $ 114,250
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INTANGIBLES</pre><pre>The Company's accounting policy for Long-Lived Assets requires it to review on a</pre><pre>regular basis for facts or circumstances that may suggest impairment.</pre><pre>The Company recorded an asset Contract Rights for $18,379 (see Note 4</pre><pre>"Stockholders' Equity") at December 31, 2010. The Product Purchase Agreement</pre><pre>("PPA") is between the Company and Taste of Aruba (U.S.), Inc., a related party</pre><pre>(see Note 4 "Stockholders' Equity" and Note 5 "Related Party Transactions"). The</pre><pre>PPA does not provide a performance guaranty to purchase the Company's products.</pre><pre>If there isn't substantial performance the Company's option would be to seek</pre><pre>damages in a lawsuit, but there is no guaranty damages would be awarded or that</pre><pre>any awarded damages would be collected. 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Related Party Transactions Loan from Chairman of the Board (Details) (USD $)
Jun. 24, 2013
Aug. 03, 2012
May 30, 2012
May 21, 2012
May 17, 2012
Apr. 18, 2012
Apr. 11, 2012
Related Party Transactions Loan from Chairman of the Board              
Loan from Chairman of the Board     $ 38,250 $ 12,000      
Shares issued to Vice President for the services rendered and expensed             250,000
Per share value of the shares issued 0.06 0.22         0.18
Non interest bearing Loan by Vice President         4,000 38,000  
Total of the amounts converted in to shares $ 662,000            
Total of the shares issued on conversion 11,033,333            
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0us-gaap_SharesOutstandingus-gaap_truenainstantfalsefalsetruefalsefalsefalsetruefalseperiodEndLabel1truefalsefalse3600000036000000falsefalsefalse2truefalsefalse3600036000falsefalsefalse3falsefalsefalse00falsefalsefalse4falsefalsefalse00falsefalsefalse5truefalsefalse1800018000falsefalsefalse6truefalsefalse-61747-61747falsefalsefalse7truefalsefalse-7747-7747falsefalsefalsexbrli:sharesItemTypesharesNumber of shares issued and outstanding as of the balance sheet date.No definition available.falseinstant2009-12-31T00:00:000001-01-01T00:00:00110falseRowperiodPeriod*RowprimaryElement*10false 4fil_SharesIssuedAndIssuableAt0001PerSharePursuantToAnAgreementOnMarch242010fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesShares issued and issuable at 0.001 per share pursuant to an agreement on March 24, 2010No definition available.false1duration2010-01-01T00:00:002010-12-31T00:00:00 0fil_SharesIssuedAndIssuableAt0001PerSharePursuantToAnAgreementOnMarch242010fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse1827400018274000falsefalsefalse2truefalsefalse1827418274falsefalsefalse3truefalsefalse105000105000falsefalsefalse4truefalsefalse105105falsefalsefalse5falsefalsefalse00falsefalsefalse6falsefalsefalse00falsefalsefalse7truefalsefalse1837918379falsefalsefalsexbrli:sharesItemTypesharesShares issued and issuable at 0.001 per share pursuant to an agreement on March 24, 2010No definition available.false111falseRowperiodPeriod*RowprimaryElement*11false 4fil_StockIssuedForCashAt0333PerShareOnMay152010fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesStock issued for cash at 0.333 per share on May 15, 2010No definition available.false1duration2010-01-01T00:00:002010-12-31T00:00:00 0fil_StockIssuedForCashAt0333PerShareOnMay152010fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse60006000falsefalsefalse2truefalsefalse66falsefalsefalse3falsefalsefalse00falsefalsefalse4falsefalsefalse00falsefalsefalse5truefalsefalse19941994falsefalsefalse6falsefalsefalse00falsefalsefalse7truefalsefalse20002000falsefalsefalsexbrli:sharesItemTypesharesStock issued for cash at 0.333 per share on May 15, 2010No definition available.false112falseRowperiodPeriod*RowprimaryElement*12false 4fil_StockIssuedForCashAt0333PerShareOnMay222010fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesStock issued for cash at 0.333 per share on May 22, 2010No definition available.false1duration2010-01-01T00:00:002010-12-31T00:00:00 0fil_StockIssuedForCashAt0333PerShareOnMay222010fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse400400falsefalsefalse2falsefalsefalse00falsefalsefalse3falsefalsefalse00falsefalsefalse4falsefalsefalse00falsefalsefalse5truefalsefalse132132falsefalsefalse6falsefalsefalse00falsefalsefalse7truefalsefalse132132falsefalsefalsexbrli:sharesItemTypesharesStock issued for cash at 0.333 per share on May 22, 2010No definition available.false113falseRowperiodPeriod*RowprimaryElement*13false 4fil_StockIssuableForCashAt015OnDecember142010fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesStock issuable for cash at 0.15 on December 14, 2010No definition available.false1duration2010-01-01T00:00:002010-12-31T00:00:00 0fil_StockIssuableForCashAt015OnDecember142010fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse2falsefalsefalse00falsefalsefalse3truefalsefalse470000470000falsefalsefalse4truefalsefalse470470falsefalsefalse5truefalsefalse7003070030falsefalsefalse6falsefalsefalse00falsefalsefalse7truefalsefalse7050070500falsefalsefalsexbrli:sharesItemTypesharesStock issuable for cash at 0.15 on December 14, 2010No definition available.false114falseRowperiodPeriod*RowprimaryElement*14false 4fil_StockIssuedForDebtAt025PerShareToARelatedPartyOnDecember302010fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesStock issued for debt at 0.25 per share to a Related Party on December 30, 2010No definition available.false1duration2010-01-01T00:00:002010-12-31T00:00:00 0fil_StockIssuedForDebtAt025PerShareToARelatedPartyOnDecember302010fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse717600717600falsefalsefalse2truefalsefalse718718falsefalsefalse3falsefalsefalse00falsefalsefalse4falsefalsefalse00falsefalsefalse5truefalsefalse178682178682falsefalsefalse6falsefalsefalse00falsefalsefalse7truefalsefalse179400179400falsefalsefalsexbrli:sharesItemTypesharesStock issued for debt at 0.25 per share to a Related Party on December 30, 2010No definition available.false115falseRowperiodPeriod*RowprimaryElement*15false 4fil_NetLossForTheYearEndedDecember312010fil_falsecreditdurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:monetaryItemTypemonetaryThe consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.No definition available.false2duration2010-01-01T00:00:002010-12-31T00:00:00 0fil_NetLossForTheYearEndedDecember312010fil_falsecreditdurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse2falsefalsefalse00falsefalsefalse3falsefalsefalse00falsefalsefalse4falsefalsefalse00falsefalsefalse5falsefalsefalse00falsefalsefalse6truefalsefalse-358578-358578falsefalsefalse7truefalsefalse-358578-358578falsefalsefalsexbrli:monetaryItemTypemonetaryThe consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.No definition available.false216falseRowperiodPeriod*RowprimaryElement*3false 4us-gaap_SharesOutstandingus-gaap_truenainstantfalsefalsefalsefalsefalsefalsetruefalseperiodEndLabelxbrli:sharesItemTypesharesNumber of shares issued and outstanding as of the balance sheet date.No definition available.false1duration2010-01-01T00:00:002010-12-31T00:00:00 0us-gaap_SharesOutstandingus-gaap_truenainstantfalsefalsetruefalsefalsefalsetruefalseperiodEndLabel1truefalsefalse5499800054998000falsefalsefalse2truefalsefalse5499854998falsefalsefalse3truefalsefalse575000575000falsefalsefalse4truefalsefalse575575falsefalsefalse5truefalsefalse268838268838falsefalsefalse6truefalsefalse-420325-420325falsefalsefalse7truefalsefalse-95914-95914falsefalsefalsexbrli:sharesItemTypesharesNumber of shares issued and outstanding as of the balance sheet date.No definition available.falseinstant2010-12-31T00:00:000001-01-01T00:00:00117falseRowperiodPeriod*RowprimaryElement*16false 4fil_StockIssuedForCashAt0001PerShareOnJanuary132011fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesStock issued for cash at $0.001 per share on January 13, 2011No definition available.false1duration2011-01-01T00:00:002011-12-31T00:00:00 0fil_StockIssuedForCashAt0001PerShareOnJanuary132011fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse105000105000falsefalsefalse2truefalsefalse105105falsefalsefalse3truefalsefalse-105000-105000falsefalsefalse4truefalsefalse-105-105falsefalsefalse5falsefalsefalse00falsefalsefalse6falsefalsefalse00falsefalsefalse7falsefalsefalse00falsefalsefalsexbrli:sharesItemTypesharesStock issued for cash at $0.001 per share on January 13, 2011No definition available.false118falseRowperiodPeriod*RowprimaryElement*17false 4fil_StockIssuedForCashAt0001PerShareOnJanuary1320111fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesStock issued for cash at $0.001 per share on January 13, 2011.No definition available.false1duration2011-01-01T00:00:002011-12-31T00:00:00 0fil_StockIssuedForCashAt0001PerShareOnJanuary1320111fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse470000470000falsefalsefalse2truefalsefalse470470falsefalsefalse3truefalsefalse-470000-470000falsefalsefalse4truefalsefalse-470-470falsefalsefalse5falsefalsefalse00falsefalsefalse6falsefalsefalse00falsefalsefalse7falsefalsefalse00falsefalsefalsexbrli:sharesItemTypesharesStock issued for cash at $0.001 per share on January 13, 2011.No definition available.false119falseRowperiodPeriod*RowprimaryElement*18false 4fil_ToRecordForfeitureOfStockAt0001PerSharefil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesrecord forfeiture of stock at $0.001 per shareNo definition available.false1duration2011-01-01T00:00:002011-12-31T00:00:00 0fil_ToRecordForfeitureOfStockAt0001PerSharefil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse-250000-250000falsefalsefalse2truefalsefalse-250-250falsefalsefalse3falsefalsefalse00falsefalsefalse4falsefalsefalse00falsefalsefalse5truefalsefalse250250falsefalsefalse6falsefalsefalse00falsefalsefalse7falsefalsefalse00falsefalsefalsexbrli:sharesItemTypesharesrecord forfeiture of stock at $0.001 per shareNo definition available.false120falseRowperiodPeriod*RowprimaryElement*19false 4fil_StockIssuedAt017PerSharePursuantToAnAgreementOnJanuary272011fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesStock issued at $0.17 per share pursuant to an agreement on January 27, 2011No definition available.false1duration2011-01-01T00:00:002011-12-31T00:00:00 0fil_StockIssuedAt017PerSharePursuantToAnAgreementOnJanuary272011fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse200000200000falsefalsefalse2truefalsefalse200200falsefalsefalse3falsefalsefalse00falsefalsefalse4falsefalsefalse00falsefalsefalse5truefalsefalse3380033800falsefalsefalse6falsefalsefalse00falsefalsefalse7truefalsefalse3400034000falsefalsefalsexbrli:sharesItemTypesharesStock issued at $0.17 per share pursuant to an agreement on January 27, 2011No definition available.false121falseRowperiodPeriod*RowprimaryElement*20false 4fil_StockIssuedAt012PerSharePursuantToAgreementsFebruary72011fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesStock issued at $0.12 per share pursuant to agreements February 7, 2011No definition available.false1duration2011-01-01T00:00:002011-12-31T00:00:00 0fil_StockIssuedAt012PerSharePursuantToAgreementsFebruary72011fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse20000002000000falsefalsefalse2truefalsefalse20002000falsefalsefalse3falsefalsefalse00falsefalsefalse4falsefalsefalse00falsefalsefalse5truefalsefalse238000238000falsefalsefalse6falsefalsefalse00falsefalsefalse7truefalsefalse240000240000falsefalsefalsexbrli:sharesItemTypesharesStock issued at $0.12 per share pursuant to agreements February 7, 2011No definition available.false122falseRowperiodPeriod*RowprimaryElement*21false 4fil_StockIssuedForCashAt015PerShareOnMarch42011Less10CostOfIssuefil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesStock issued for cash at $0.15 per share on March 4, 2011, less 10% cost of issueNo definition available.false1duration2011-01-01T00:00:002011-12-31T00:00:00 0fil_StockIssuedForCashAt015PerShareOnMarch42011Less10CostOfIssuefil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse633667633667falsefalsefalse2truefalsefalse634634falsefalsefalse3falsefalsefalse00falsefalsefalse4falsefalsefalse00falsefalsefalse5truefalsefalse8491184911falsefalsefalse6falsefalsefalse00falsefalsefalse7truefalsefalse8554585545falsefalsefalsexbrli:sharesItemTypesharesStock issued for cash at $0.15 per share on March 4, 2011, less 10% cost of issueNo definition available.false123falseRowperiodPeriod*RowprimaryElement*22false 4fil_StockIssuedForCashAt015PerShareOnMarch312011Less10CostOfIssuefil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesStock issued for cash during the periodNo definition available.false1duration2011-01-01T00:00:002011-12-31T00:00:00 0fil_StockIssuedForCashAt015PerShareOnMarch312011Less10CostOfIssuefil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse5000050000falsefalsefalse2truefalsefalse5050falsefalsefalse3falsefalsefalse00falsefalsefalse4falsefalsefalse00falsefalsefalse5truefalsefalse67006700falsefalsefalse6falsefalsefalse00falsefalsefalse7truefalsefalse67506750falsefalsefalsexbrli:sharesItemTypesharesStock issued for cash during the periodNo definition available.false124falseRowperiodPeriod*RowprimaryElement*23false 4fil_StockIssuedForCashAt015PerShareOnApril212011fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesStock issued for cash during the periodNo definition available.false1duration2011-01-01T00:00:002011-12-31T00:00:00 0fil_StockIssuedForCashAt015PerShareOnApril212011fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse333334333334falsefalsefalse2truefalsefalse333333falsefalsefalse3falsefalsefalse00falsefalsefalse4falsefalsefalse00falsefalsefalse5truefalsefalse4966749667falsefalsefalse6falsefalsefalse00falsefalsefalse7truefalsefalse5000050000falsefalsefalsexbrli:sharesItemTypesharesStock issued for cash during the periodNo definition available.false125falseRowperiodPeriod*RowprimaryElement*24false 4fil_StockIssuedAt0065PerShareForReimbursementOfServicesToTheChairmanOnJune172011fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesStock issued for cash during the periodNo definition available.false1duration2011-01-01T00:00:002011-12-31T00:00:00 0fil_StockIssuedAt0065PerShareForReimbursementOfServicesToTheChairmanOnJune172011fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse750000750000falsefalsefalse2truefalsefalse750750falsefalsefalse3falsefalsefalse00falsefalsefalse4falsefalsefalse00falsefalsefalse5truefalsefalse4800048000falsefalsefalse6falsefalsefalse00falsefalsefalse7truefalsefalse4875048750falsefalsefalsexbrli:sharesItemTypesharesStock issued for cash during the periodNo definition available.false126falseRowperiodPeriod*RowprimaryElement*25false 4fil_StockIssuedAt0065PerShareForCompensationToPresidentAndChiefExecutiveOfficerOnJune172011fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesStock issued for cash during the periodNo definition available.false1duration2011-01-01T00:00:002011-12-31T00:00:00 0fil_StockIssuedAt0065PerShareForCompensationToPresidentAndChiefExecutiveOfficerOnJune172011fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse15000001500000falsefalsefalse2truefalsefalse15001500falsefalsefalse3falsefalsefalse00falsefalsefalse4falsefalsefalse00falsefalsefalse5truefalsefalse9600096000falsefalsefalse6falsefalsefalse00falsefalsefalse7truefalsefalse9750097500falsefalsefalsexbrli:sharesItemTypesharesStock issued for cash during the periodNo definition available.false127falseRowperiodPeriod*RowprimaryElement*26false 4fil_StockIssuedForDebtAt010PerShareOnAugust292011fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesStock issued for debt during the periodNo definition available.false1duration2011-01-01T00:00:002011-12-31T00:00:00 0fil_StockIssuedForDebtAt010PerShareOnAugust292011fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse250000250000falsefalsefalse2truefalsefalse250250falsefalsefalse3falsefalsefalse00falsefalsefalse4falsefalsefalse00falsefalsefalse5truefalsefalse2475024750falsefalsefalse6falsefalsefalse00falsefalsefalse7truefalsefalse2500025000falsefalsefalsexbrli:sharesItemTypesharesStock issued for debt during the periodNo definition available.false128falseRowperiodPeriod*RowprimaryElement*27false 4fil_StockIssuedAt007PerShareForCompensationToVicePresidentOnOctober312011fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesStock issued per share for compensationNo definition available.false1duration2011-01-01T00:00:002011-12-31T00:00:00 0fil_StockIssuedAt007PerShareForCompensationToVicePresidentOnOctober312011fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse250000250000falsefalsefalse2truefalsefalse250250falsefalsefalse3falsefalsefalse00falsefalsefalse4falsefalsefalse00falsefalsefalse5truefalsefalse1725017250falsefalsefalse6falsefalsefalse00falsefalsefalse7truefalsefalse1750017500falsefalsefalsexbrli:sharesItemTypesharesStock issued per share for compensationNo definition available.false129falseRowperiodPeriod*RowprimaryElement*28false 4fil_StockCancelledAt012PerShareOnOctober312011FromTheOriginalIssuanceOnFebruary72011fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesStock cancelledNo definition available.false1duration2011-01-01T00:00:002011-12-31T00:00:00 0fil_StockCancelledAt012PerShareOnOctober312011FromTheOriginalIssuanceOnFebruary72011fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse-500000-500000falsefalsefalse2truefalsefalse-500-500falsefalsefalse3falsefalsefalse00falsefalsefalse4falsefalsefalse00falsefalsefalse5truefalsefalse-59500-59500falsefalsefalse6falsefalsefalse00falsefalsefalse7truefalsefalse-60000-60000falsefalsefalsexbrli:sharesItemTypesharesStock cancelledNo definition available.false130falseRowperiodPeriod*RowprimaryElement*29false 4fil_NetLossForTheYearEndedDecember312011fil_falsecreditdurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:monetaryItemTypemonetaryThe consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.No definition available.false2duration2011-01-01T00:00:002011-12-31T00:00:00 0fil_NetLossForTheYearEndedDecember312011fil_falsecreditdurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse2falsefalsefalse00falsefalsefalse3falsefalsefalse00falsefalsefalse4falsefalsefalse00falsefalsefalse5falsefalsefalse00falsefalsefalse6truefalsefalse-891389-891389falsefalsefalse7truefalsefalse-891389-891389falsefalsefalsexbrli:monetaryItemTypemonetaryThe consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.No definition available.false231falseRowperiodPeriod*RowprimaryElement*3false 4us-gaap_SharesOutstandingus-gaap_truenainstantfalsefalsefalsefalsefalsefalsetruefalseperiodEndLabelxbrli:sharesItemTypesharesNumber of shares issued and outstanding as of the balance sheet date.No definition available.false1duration2011-01-01T00:00:002011-12-31T00:00:00 0us-gaap_SharesOutstandingus-gaap_truenainstantfalsefalsetruefalsefalsefalsetruefalseperiodEndLabel1truefalsefalse6079000160790001falsefalsefalse2truefalsefalse6079060790falsefalsefalse3falsefalsefalse00falsefalsefalse4falsefalsefalse00falsefalsefalse5truefalsefalse808666808666falsefalsefalse6truefalsefalse-1311714-1311714falsefalsefalse7truefalsefalse-442258-442258falsefalsefalsexbrli:sharesItemTypesharesNumber of shares issued and outstanding as of the balance sheet date.No definition available.falseinstant2011-12-31T00:00:000001-01-01T00:00:00132falseRowperiodPeriod*RowprimaryElement*30false 4fil_StockIssuedAt018PerShareForDebtToAVicePresidentOnApril112012fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesStock issued at $0.18 per share for debt to a Vice President on April 11, 2012No definition available.false1duration2012-01-01T00:00:002012-12-31T00:00:00 0fil_StockIssuedAt018PerShareForDebtToAVicePresidentOnApril112012fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse250000250000falsefalsefalse2truefalsefalse250250falsefalsefalse3falsefalsefalse00falsefalsefalse4falsefalsefalse00falsefalsefalse5truefalsefalse4475044750falsefalsefalse6falsefalsefalse00falsefalsefalse7truefalsefalse4500045000falsefalsefalsexbrli:sharesItemTypesharesStock issued at $0.18 per share for debt to a Vice President on April 11, 2012No definition available.false133falseRowperiodPeriod*RowprimaryElement*31false 4fil_StockIssuableAt017PerShareForCompensationToAVicePresidentOnJune202012fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesStock issuable at $0.17 per share for compensation to a Vice President on June 20, 2012No definition available.false1duration2012-01-01T00:00:002012-12-31T00:00:00 0fil_StockIssuableAt017PerShareForCompensationToAVicePresidentOnJune202012fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse500000500000falsefalsefalse2truefalsefalse500500falsefalsefalse3falsefalsefalse00falsefalsefalse4falsefalsefalse00falsefalsefalse5truefalsefalse8450084500falsefalsefalse6falsefalsefalse00falsefalsefalse7truefalsefalse8500085000falsefalsefalsexbrli:sharesItemTypesharesStock issuable at $0.17 per share for compensation to a Vice President on June 20, 2012No definition available.false134falseRowperiodPeriod*RowprimaryElement*32false 4fil_StockIssuableAt017PerShareForInvestorRelationsServicesToTheChairmanOnJune202012fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesStock issuable at $0.17 per share for investor relations services to the Chairman on June 20, 2012No definition available.false1duration2012-01-01T00:00:002012-12-31T00:00:00 0fil_StockIssuableAt017PerShareForInvestorRelationsServicesToTheChairmanOnJune202012fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse750000750000falsefalsefalse2truefalsefalse750750falsefalsefalse3falsefalsefalse00falsefalsefalse4falsefalsefalse00falsefalsefalse5truefalsefalse126750126750falsefalsefalse6falsefalsefalse00falsefalsefalse7truefalsefalse127500127500falsefalsefalsexbrli:sharesItemTypesharesStock issuable at $0.17 per share for investor relations services to the Chairman on June 20, 2012No definition available.false135falseRowperiodPeriod*RowprimaryElement*33false 4fil_StockIssuableAt017PerSharePursuantToACommittedEmploymentAgreementWithTheCEOOnJune202012fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesStock issuable at $0.17 per share pursuant to a committed employment agreement with the CEO on June 20, 2012No definition available.false1duration2012-01-01T00:00:002012-12-31T00:00:00 0fil_StockIssuableAt017PerSharePursuantToACommittedEmploymentAgreementWithTheCEOOnJune202012fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse30000003000000falsefalsefalse2truefalsefalse30003000falsefalsefalse3falsefalsefalse00falsefalsefalse4falsefalsefalse00falsefalsefalse5truefalsefalse507000507000falsefalsefalse6falsefalsefalse00falsefalsefalse7truefalsefalse510000510000falsefalsefalsexbrli:sharesItemTypesharesStock issuable at $0.17 per share pursuant to a committed employment agreement with the CEO on June 20, 2012No definition available.false136falseRowperiodPeriod*RowprimaryElement*34false 4fil_StockIssuedAt015ForConsultingServicesOnJuly172012fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesStock issued at $0.15 for consulting services on July 17, 2012No definition available.false1duration2012-01-01T00:00:002012-12-31T00:00:00 0fil_StockIssuedAt015ForConsultingServicesOnJuly172012fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse30000003000000falsefalsefalse2truefalsefalse30003000falsefalsefalse3falsefalsefalse00falsefalsefalse4falsefalsefalse00falsefalsefalse5truefalsefalse447000447000falsefalsefalse6falsefalsefalse00falsefalsefalse7truefalsefalse450000450000falsefalsefalsexbrli:sharesItemTypesharesStock issued at $0.15 for consulting services on July 17, 2012No definition available.false137falseRowperiodPeriod*RowprimaryElement*35false 4fil_StockIssuedAt022ForConsultingServicesOnAugust32012fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesStock issued at $0.22 for consulting services on August 3, 2012No definition available.false1duration2012-01-01T00:00:002012-12-31T00:00:00 0fil_StockIssuedAt022ForConsultingServicesOnAugust32012fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse250000250000falsefalsefalse2truefalsefalse250250falsefalsefalse3falsefalsefalse00falsefalsefalse4falsefalsefalse00falsefalsefalse5truefalsefalse5475054750falsefalsefalse6falsefalsefalse00falsefalsefalse7truefalsefalse5500055000falsefalsefalsexbrli:sharesItemTypesharesStock issued at $0.22 for consulting services on August 3, 2012No definition available.false138falseRowperiodPeriod*RowprimaryElement*36false 4fil_StockIssuedAt024ForConsultingServicesOnAugust302012fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesStock issued at $0.24 for consulting services on August 30, 2012No definition available.false1duration2012-01-01T00:00:002012-12-31T00:00:00 0fil_StockIssuedAt024ForConsultingServicesOnAugust302012fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse300000300000falsefalsefalse2truefalsefalse300300falsefalsefalse3falsefalsefalse00falsefalsefalse4falsefalsefalse00falsefalsefalse5truefalsefalse7170071700falsefalsefalse6falsefalsefalse00falsefalsefalse7truefalsefalse7200072000falsefalsefalsexbrli:sharesItemTypesharesStock issued at $0.24 for consulting services on August 30, 2012No definition available.false139falseRowperiodPeriod*RowprimaryElement*37false 4fil_StockIssuedForCashAt015PerShareOnOctober172012fil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsexbrli:sharesItemTypesharesStock issued for cash at $0.15 per share on October 17, 2012No definition available.false1duration2012-01-01T00:00:002012-12-31T00:00:00 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Balance Sheets Parentheticals (USD $)
Jun. 30, 2013
Dec. 31, 2012
Stockholder equity par value    
Preferred Stock, par value $ 0.001 $ 0.001
Preferred Stock, shares authorized 10,000,000 10,000,000
Common Stock, par value $ 0.001 $ 0.001
Common Stock, shares authorized 250,000,000 250,000,000
Common Stock, shares issued 82,200,034 69,566,701
Common Stock, shares outstanding 82,200,034 69,566,701
XML 51 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
NON-INTEREST BEARING LOANS
6 Months Ended
Jun. 30, 2013
NON-INTEREST BEARING LOANS  
NON-INTEREST BEARING LOANS
7. NON-INTEREST BEARING LOANS
On January 28, 2011 and February 3, 2012, Auspice Capital, a related party,
loaned the Company a total of $27,000 in non-interest bearing loans of which
$22,000 are outstanding as of June 30, 2013 and December 31, 2012, respectively
(see Note 5 "Related Party Transactions"). On April 18 and May 17, 2012, the
Vice President Sales and Technical Services, loaned the Company $38,000 and
$4,000, respectively, in non-interest bearing loans, of which none and $42,000
are outstanding as of June 30, 2013 and December 31, 2012, respectively (see
Note 5 "Related Party Transactions").
On May 21 and 30, 2012 and March 5, 2013, the Chairman of the Board and his
controlled entity the loaned the Company $12,000, $38,250 and $4,850,
respectively, in non-interest bearing loans, of which $4,850 and $50,250 are
outstanding as of June 30, 2013 and December 31, 2012, respectively (see Note 5
"Related Party Transactions").
On June 24, 2013, the Chairman and Vice President of Sales and Technical
Services, converted $4,850 and $42,000, respectively of Non-Interest Bearing
Loans into restricted Common Shares of the Company (see Note 4 "Stockholders'
Equity" and Note 5 "Related Party Transactions").
The related party loans are due upon receipt of the Company's cash equity
funding (see Note 6 "Rathbourne Mercantile Ltd./Lankford Consulting, Inc.") or
any other cash equity funding from other parties.
The amounts of all non-interest bearing loans outstanding at June 30, 2013 and
December 31, 2012, respectively, are to Related Parties (all amounts are
unsecured - see Note 5, "Related Party Transactions") follows:
                                                     June 30,      December 31,
                                                       2013           2012
                                                     --------       --------
Non-interest bearing loans to Related Parties
  Non-Officer/Director                               $ 22,000       $ 22,000
  Chairman of the Board/Officer and Controlled
   Entity                                            $  4,850       $ 50,250
  Vice President and Director                        $     --       $ 42,000
                                                     --------       --------
      Total                                          $ 26,850       $114,250
                                                     ========       ========
XML 52 R20.xml IDEA: Interest Bearing Loans To Non Related Parties As Follows (Tables) 2.4.0.8000200 - Disclosure - Interest Bearing Loans To Non Related Parties As Follows (Tables)truefalsefalse1false falsefalseD130101_130630http://www.sec.gov/CIK0001387998duration2013-01-01T00:00:002013-06-30T00:00:001true 1fil_InterestBearingLoansToNonRelatedPartiesAsFollows1Abstractfil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 2fil_InterestBearingLoansToNonRelatedPartiesAsFollowsTableTextBlockfil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<!--egx--><pre>The amounts of all interest-bearing loans and accrued interest outstanding as of</pre><pre>June 30, 2013 and December 31, 2012, respectively, follow:</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; June 30,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; December 31,</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2012</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------</pre><pre>Non-Related Party - principal&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 24,900&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 24,900</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; cumulative accrued interest&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp; 2,244&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp; 1,650</pre><pre>Non-Related Party - principal&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 50,000&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 50,000</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;cumulative accrued interest&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp; --&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp; 423</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 77,144&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 76,973</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;========&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ========</pre>falsefalsefalsenonnum:textBlockItemTypenaTabular disclosure for amounts of all interest bearing loans outstanding respectively, are not in default, are not secured and accrued interest was recordedNo definition available.false0falseInterest Bearing Loans To Non Related Parties As Follows (Tables)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.caseycontainer.com/20130630/role/idr_DisclosureInterestBearingLoansToNonRelatedPartiesAsFollowsTables12 XML 53 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statements of Stockholders' Equity (Deficit) (USD $)
Common Stock Shares
Common Stock Amount
Common Stock Issuable Shares
Common Stock Issuable Amount
Additional Paid-In Capital
Deficit Accumulated During Development Stage
USD ($)
Stockholders Equity
USD ($)
Balance at Sep. 26, 2006             0
Stock Issued for cash at $0.001 per share on December 1, 2006 18,000,000 18,000         18,000
Net Loss for the Period from inception on September 26, 2006 to December 31, 2006           $ (7,165) $ (7,165)
Balance at Dec. 31, 2006              
Balance at Dec. 31, 2007 36,000,000 36,000     18,000 (34,432) 19,568
Net Loss for the Year ended December 31, 2008           (16,304) (16,304)
Balance at Dec. 31, 2008 36,000,000 36,000     18,000 (50,736) 3,264
Net Loss for the Year ended December 31, 2009           (11,011) (11,011)
Balance at Dec. 31, 2009 36,000,000 36,000     18,000 (61,747) (7,747)
Shares issued and issuable at 0.001 per share pursuant to an agreement on March 24, 2010 18,274,000 18,274 105,000 105     18,379
Stock issued for cash at 0.333 per share on May 15, 2010 6,000 6     1,994   2,000
Stock issued for cash at 0.333 per share on May 22, 2010 400       132   132
Stock issuable for cash at 0.15 on December 14, 2010     470,000 470 70,030   70,500
Stock issued for debt at 0.25 per share to a Related Party on December 30, 2010 717,600 718     178,682   179,400
Net Loss for the Year ended December 31, 2010           (358,578) (358,578)
Balance at Dec. 31, 2010 54,998,000 54,998 575,000 575 268,838 (420,325) (95,914)
Stock issued for cash at $0.001 per share on January 13, 2011 105,000 105 (105,000) (105)      
Stock issued for cash at $0.001 per share on January 13, 2011, 470,000 470 (470,000) (470)      
To record forfeiture of stock at $0.001 per share (250,000) (250)     250    
Stock issued at $0.17 per share pursuant to an agreement on January 27, 2011 200,000 200     33,800   34,000
Stock issued at $0.12 per share pursuant to agreements February 7, 2011 2,000,000 2,000     238,000   240,000
Stock issued for cash at $0.15 per share on March 4, 2011, less 10% cost of issue 633,667 634     84,911   85,545
Stock issued for cash at $0.15 per share on March 31, 2011, less 10% cost of issue 50,000 50     6,700   6,750
Stock issued for cash at $0.15 per share on April 21, 2011 333,334 333     49,667   50,000
Stock issued at $0.065 per share for reimbursement of services to the Chairman on June 17, 2011 750,000 750     48,000   48,750
Stock issued at $0.065 per share for compensation to President and Chief Executive Officer on June 17, 2011 1,500,000 1,500     96,000   97,500
Stock issued for debt at $0.10 per share on August 29, 2011 250,000 250     24,750   25,000
Stock issued at $0.07 per share for compensation to Vice President on October 31, 2011 250,000 250     17,250   17,500
Stock cancelled at $0.12 per share on October 31, 2011 from the original issuance on February 7, 2011 (500,000) (500)     (59,500)   (60,000)
Net Loss for the Year ended December 31, 2011           (891,389) (891,389)
Balance at Dec. 31, 2011 60,790,001 60,790     808,666 (1,311,714) (442,258)
Stock issued at $0.18 per share for debt to a Vice President on April 11, 2012 250,000 250     44,750   45,000
Stock issuable at $0.17 per share for compensation to a Vice President on June 20, 2012 500,000 500     84,500   85,000
Stock issuable at $0.17 per share for investor relations services to the Chairman on June 20, 2012 750,000 750     126,750   127,500
Stock issuable at $0.17 per share pursuant to a committed employment agreement with the CEO on June 20, 2012 3,000,000 3,000     507,000   510,000
Stock issued at $0.15 for consulting services on July 17, 2012 3,000,000 3,000     447,000   450,000
Stock issued at $0.22 for consulting services on August 3, 2012 250,000 250     54,750   55,000
Stock issued at $0.24 for consulting services on August 30, 2012 300,000 300     71,700   72,000
Stock issued for cash at $0.15 per share on October 17, 2012 120,000 120     17,880   18,000
Stock issued for cash at $0.15 per share on October 24, 2012 200,000 200     29,800   30,000
Stock issued for cash at $0.15 per share on October 25, 2012 100,000 100     14,900   15,000
Stock issued for cash at $0.15 per share on November 14, 2012 6,700 7     993   1,000
Stock issued at $0.22 per share for investor relations services on December 12, 2012 150,000 150     32,850   33,000
Stock issued at $0.15 per share for investor relations services on December 27, 2012 150,000 150     22,350   22,500
Net Loss for the Year ended December 31, 2012           (2,375,489) (2,375,489)
Balance at Dec. 31, 2012 69,566,701 69,567     2,263,889 (3,687,203) (1,353,747)
Stock cancelled at $0.24 per share on January 15, 2013 from the original issuance on August 30, 2012 (300,000) (300)     (71,700)   (72,000)
Stock cancelled at $0.22 per share on January 15, 2013 from the original issuance on December 12, 2012 (150,000) (150)     (32,850)   (33,000)
Stock issued at $0.15 per share for investor relations services on February 13, 2013 450,000 450     67,050   67,500
Stock issued at $0.10 per share for compensation to Board Members on April 17, 2013 600,000 600     59,400   60,000
Stock issued at $0.05 per share for debt to consultant on May 20, 2013 1,000,000 1,000     49,000   50,000
Stock issued at $0.06 per share for debt to Chairman on June 24, 2013 1,533,333 1,533     90,467   92,000
Stock issued at $0.06 per share for debt to a Vice President on June 24, 2013 1,000,000 1,000     59,000   60,000
Stock issued at $0.06 per share for debt to the CEO on June 24, 2013 8,500,000 8,500     501,500   510,000
Net Loss for the Period ended June 30 ,2013           $ (352,056) $ (352,056)
Balance at Jun. 30, 2013 82,200,034 82,200     2,985,756 (4,039,259) (971,303)
XML 54 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Balance Sheets (USD $)
Jun. 30, 2013
Dec. 31, 2012
CURRENT ASSETS    
Cash $ 50 $ 3,522
Total Current Assets 50 3,522
Total Assets 50 3,522
CURRENT LIABILITIES    
Accounts Payable and Accrued Liabilities 92,768 134,699
Non-interest Bearing Loans From Related Parties 26,850 114,250
Interest Bearing Loans 77,144 76,973
Due to Related Parties 774,591 1,031,347
Total Current Liabilities 971,353 1,357,269
STOCKHOLDERS' EQUITY    
Preferred Stock 10,000,000 authorized, par value $0.001,none issued and outstanding 0 0
Common Stock 250,000,000 authorized shares, par value $0.001 82,200,034 and 69,566,701 shares issued and outstanding at June 30, 2013 and December 31, 2012, respectively 82,200 69,567
Additional Paid-in-Capital 2,985,756 2,263,889
Deficit accumulated during development stage (4,039,259) (3,687,203)
Total Stockholders' Equity (971,303) (1,353,747)
Total Liabilities and Stockholders' Equity $ 50 $ 3,522
XML 55 R7.xml IDEA: Cash Flows Parentheticals 2.4.0.8000070 - Statement - Cash Flows Parentheticalstruefalsefalse1false falsefalseI130624http://www.sec.gov/CIK0001387998instant2013-06-24T00:00:000001-01-01T00:00:00SharesStandardhttp://www.xbrl.org/2003/instanceshares02false falsefalseI120411http://www.sec.gov/CIK0001387998instant2012-04-11T00:00:000001-01-01T00:00:00SharesStandardhttp://www.xbrl.org/2003/instanceshares03false falsefalseE10http://www.sec.gov/CIK0001387998instant2010-12-31T00:00:000001-01-01T00:00:00SharesStandardhttp://www.xbrl.org/2003/instanceshares01true 1fil_ExchangeOfSharesAbstractfil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse2falsefalsefalse00falsefalsefalse3falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 2fil_CommonStockShareExchanged1fil_falsenainstantfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse1103333311033333falsefalsefalse2truefalsefalse250000250000falsefalsefalse3truefalsefalse717600717600falsefalsefalsexbrli:sharesItemTypesharesCommon stock share exchanged.No definition available.false1falseCash Flows ParentheticalsUnKnownNoRoundingUnKnownUnKnowntruefalsefalseSheethttp://www.caseycontainer.com/20130630/role/idr_CashFlowsParentheticals32 XML 56 R17.xml IDEA: ACCOUNTING POLICIES (Policies) 2.4.0.8000170 - Disclosure - ACCOUNTING POLICIES (Policies)truefalsefalse1false falsefalseD130101_130630http://www.sec.gov/CIK0001387998duration2013-01-01T00:00:002013-06-30T00:00:001true 1fil_ACCOUNTINGPOLICIESAbstractfil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 2fil_DescriptionOfBusinessAndHistoryPolicyTextBlockfil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<!--egx--><pre>DESCRIPTION OF BUSINESS AND HISTORY - Casey Container Corp. (formerly Sawadee</pre><pre>Ventures Inc.), a Nevada corporation, (hereinafter referred to as the "Company"</pre><pre>or "Casey") was incorporated in the State of Nevada on September 26, 2006. The</pre><pre>Company's yearend is December 31. The Company initially was formed to engage in</pre><pre>the acquisition, exploration and development of natural resource properties of</pre><pre>merit and from September 2008 to serve as a vehicle to acquire an operating</pre><pre>business.</pre><pre>Effective January 6, 2010 Ms. Rachna Khanna tendered her resignation as the</pre><pre>President, CEO, CFO and Director. Effective January 12, 2010, James Casey, Terry</pre><pre>Neild and Robert Seaman were appointed as Directors of the Company. Mr. Casey</pre><pre>was elected President, Mr. Terry Neild was elected Chief Executive Officer,</pre><pre>Chief Financial Officer and Secretary and Mr. Seaman was elected Vice</pre><pre>President-Operations. Effective February 7, 2011, Martin R. Nason was elected</pre><pre>Chief Executive Officer, President and Chief Financial Officer. Mr. Neild</pre><pre>remains Chairman of the Board of Directors and Secretary, Mr. Casey as</pre><pre>Vice-President of Technical Services and Sales and Mr. Seaman as</pre><pre>Vice-President-Operations.</pre>falsefalsefalsenonnum:textBlockItemTypenaDisclosure of accounting policy about Description Of Business And History.No definition available.false03false 2us-gaap_BasisOfAccountingus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<!--egx--><pre>BASIS OF PRESENTATION - In the opinion of management, the accompanying balance</pre><pre>sheets and related interim statements of operations, cash flows and</pre><pre>stockholders' equity include all adjustments, consisting only of normal</pre><pre>recurring items, necessary for their fair presentation in conformity with</pre><pre>accounting principles generally accepted in the United States of America ("U. S.</pre><pre>GAAP"). Preparing financial statements requires management to make estimates and</pre><pre>assumptions that affect the reported amounts of assets, liabilities, revenue and</pre><pre>expenses. Actual results and outcomes may differ from managements' estimates and</pre><pre>assumptions. Interim results are not necessarily indicative of results for a</pre><pre>full year. The information included in this June 30, 2013 Form 10-Q should be</pre><pre>read in conjunction with information included in the December 31, 2012 and 2011</pre><pre>Form 10-K.</pre>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for the basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).No definition available.false04false 2fil_TheCompanyTodayPolicyTextBlockfil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<!--egx--><pre>THE COMPANY TODAY</pre><pre>The Company is currently a development stage company reporting under the</pre><pre>provisions of Statement of Financial Accounting Standard ("FASB") No. 7,</pre><pre>"Accounting and Reporting for Development Stage Enterprises."</pre><pre>Effective January 12, 2010, the Company's Certificate of Incorporation was</pre><pre>changed and the name of the Company was changed to Casey Container Corp.</pre><pre>("Casey"). Casey designs and will custom manufacture biodegradable PET and other</pre><pre>polymer plastic preforms that become biodegradable PET and other polymer plastic</pre><pre>bottles and containers, for such product lines as bottled water, bottled</pre><pre>beverages and other consumer products. Casey has a non-binding supply and</pre><pre>license agreement with Bio-Tec Environmental, LLC. Casey currently is considered</pre><pre>a "shell" company inasmuch as it is not in production and has no revenues,</pre><pre>employees or material assets.</pre>falsefalsefalsenonnum:textBlockItemTypenaDisclosure of accounting policy about the company today.No definition available.false05false 2us-gaap_UseOfEstimatesus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<!--egx--><pre>USE OF ESTIMATES - The preparation of the financial statements in conformity</pre><pre>with generally accepted accounting principles requires management to make</pre><pre>estimates and assumptions that affect the reported amounts of assets and</pre><pre>liabilities and disclosure of contingent assets and liabilities at the date of</pre><pre>the financial statements and the reported amount of revenue and expenses during</pre><pre>the reporting period. Actual results could differ from those estimates.</pre>falsefalsefalsenonnum:textBlockItemTypenaDisclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6143-108592 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6132-108592 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6061-108592 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 94-6 -Paragraph 11, 14 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. false06false 2us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<!--egx--><pre>RECENT ACCOUNTING PRONOUNCEMENTS - The Company has evaluated all recent</pre><pre>accounting pronouncements and believes that none will have a material effect on</pre><pre>the Company.</pre>falsefalsefalsenonnum:textBlockItemTypenaTabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 154 -Paragraph 2, 17, 18 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 01 -Paragraph b -Subparagraph 6 -Article 10 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22499-107794 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22580-107794 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Accounting Change -URI http://asc.fasb.org/extlink&oid=6503790 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Direct Effects of a Change in Accounting Principle -URI http://asc.fasb.org/extlink&oid=6510796 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Indirect Effects of a Change in Accounting Principle -URI http://asc.fasb.org/extlink&oid=6515603 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Change in Accounting Principle -URI http://asc.fasb.org/extlink&oid=6507316 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.10-01.(b)(6)) -URI http://asc.fasb.org/extlink&oid=6958853&loc=d3e46468-122699 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22583-107794 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Retrospective Application -URI http://asc.fasb.org/extlink&oid=6523989 false0falseACCOUNTING POLICIES (Policies)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.caseycontainer.com/20130630/role/idr_DisclosureACCOUNTINGPOLICIESPolicies16 XML 57 R16.xml IDEA: SUBSEQUENT EVENTS 2.4.0.8000160 - Disclosure - SUBSEQUENT EVENTStruefalsefalse1false falsefalseD130101_130630http://www.sec.gov/CIK0001387998duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_SubsequentEventsAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 2us-gaap_SubsequentEventsTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<!--egx--><pre>9. SUBSEQUENT EVENTS</pre><pre>On July 20, 2013, the Company sold for cash 400,000 restricted Common shares at</pre><pre>$0.05 per share for $20,000. The closing price of the Company's freely-traded</pre><pre>shares on the OTC.BB on July 19, 2013 was $0.07, a discount of 28.6% discount.</pre>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. 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value per shareNo definition available.false3falseShares issued during March to Oct 2011 transactions (Details) (USD $)NoRoundingNoRoundingNoRoundingUnKnowntruefalsefalseSheethttp://www.caseycontainer.com/20130630/role/idr_SharesIssuedDuringMarchToOct2011TransactionsDetails411 XML 59 R18.xml IDEA: Related Party Transactions Amounts Outstanding (Tables) 2.4.0.8000180 - Disclosure - Related Party Transactions Amounts Outstanding (Tables)truefalsefalse1false falsefalseD130101_130630http://www.sec.gov/CIK0001387998duration2013-01-01T00:00:002013-06-30T00:00:001true 1fil_RelatedPartyTransactionsAmountsOutstandingAbstractfil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 2fil_RelatedPartyTransactionsAmountsOutstandingTableTextBlockfil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<!--egx--><pre>Amounts outstanding to Related</pre><pre>Parties, at June 30, 2013 and December 31, 2012, respectively, are unsecured:</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; June 30,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; December 31,</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2012</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ----------&nbsp;&nbsp;&nbsp;&nbsp; ----------</pre><pre>Unpaid expenses and fees to Officers/Directors&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp; 801,441&nbsp;&nbsp;&nbsp;&nbsp; $1,031,347</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;----------&nbsp;&nbsp;&nbsp;&nbsp; ----------</pre><pre>Non-interest bearing loans to Related Parties</pre><pre>&nbsp; Non Officer/Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp; 22,000&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp; 22,000</pre><pre>&nbsp; Chairman of the Board/Officer and Controlled</pre><pre>&nbsp;&nbsp; Entity&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp; 4,850&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp; 50,250</pre><pre>&nbsp; Vice President and Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp; 42,000</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ----------&nbsp;&nbsp;&nbsp;&nbsp; ----------</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$&nbsp;&nbsp; 26,850&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp; 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Capital Stock Transactions during the period as follows (Details) (USD $)
Jun. 30, 2013
Jun. 24, 2013
May 20, 2013
Feb. 13, 2013
Jan. 15, 2013
Capital Stock Transactions during the period as follows          
Rescission Agreement regarding issuances restricted Common shares         300,000
Restricted Common shares,         150,000
Signed a Consulting Agreement and issued a total 600,000     450,000  
Restricted Common shares at per share $ 0.10   $ 0.05 $ 0.15  
Expensed in the quarter $ 60,000     $ 67,500  
Issue of restricted Common shares for a Debt Settlement agreement   11,033,333 1,000,000    
Accounts Payable exchanged under Debt Settlement agreement   $ 662,000 $ 50,000    
Percentage of discount from the closing price of the Company's freely-traded Common shares of $0.07 on the OTC.BB.   14.30% 28.60%    
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Shares Preferred and Common Stock (Details) (USD $)
Jun. 30, 2013
Dec. 31, 2012
Stockholders Equity Shares Preferred and Common Stock    
Preferred Stock authorized shares 10,000,000 10,000,000
Preferred Stock shares Par value $ 0.001 $ 0.001
Common stock authorized shares 250,000,000 250,000,000
Common stock shares Par value $ 0.001 $ 0.001
Common stock issued shares 82,200,034 69,566,701
Common stock outstanding shares 82,200,034 69,566,701
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Non Interest bearing loans Related party transactions (Details) (USD $)
Jun. 24, 2013
May 30, 2012
May 21, 2012
May 17, 2012
Apr. 18, 2012
Feb. 03, 2012
Jan. 28, 2011
Non Interest bearing loans Related party transactions              
Loan by related party to the company   $ 38,250 $ 12,000 $ 4,000 $ 38,000 $ 27,000 $ 27,000
Non-Interest Bearing Loans of the Chairman into restricted Common Shares of the Company 50,250            
Non-Interest Bearing Loans of the Vice President into restricted Common Shares of the Company $ 42,000            
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INTEREST BEARING LOAN Consists Of the Following (Details) (USD $)
Jun. 30, 2013
Dec. 31, 2012
INTEREST BEARING LOAN Consists Of the Following    
Non Related Party Principal $ 24,900 $ 24,900
Cumulative Interest Accrued 2,244 1,650
Non Related Party Principal, 50,000 50,000
Cumulative Interest Accrued,, 0 423
Total Interest bearing to Non-Related Parties $ 77,144 $ 76,973
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RATHBOURNE MERCANTILE LTD./LANKFORD CONSULTING, INC. AGREEMENTS
6 Months Ended
Jun. 30, 2013
RATHBOURNE MERCANTILE LTD./LANKFORD CONSULTING, INC. AGREEMENTS  
RATHBOURNE MERCANTILE LTD./LANKFORD CONSULTING, INC. AGREEMENTS
6. RATHBOURNE MERCANTILE LTD./LANKFORD CONSULTING, INC. AGREEMENTS
On March 26, 2012, the Company entered into a one-year Consulting Agreement with
Rathbourne Mercantile Ltd. ("Rathbourne"), effective March 22, 2012, for
investor relations services and introductions to potential equity investors.
Remuneration was $37,500 for an independent valuation report of the Company,
which was expensed in the quarter ending March 31, 2012. If Rathbourne
introduced the Company to an investor and the Company successfully completed an
equity capital financing with the party introduced, Rathbourne would receive a
7% cash finder's fee of the gross amount funded and 7% of the issued shares of
the Company. The Company was introduced by Rathbourne to ARG Vermogensverwaltung
AG, a private equity fund based in Munich, Germany, who issued a Letter of
Interest on March 22, 2012 to facilitate a financing of the Company for
approximately $5 million. On August 3, 2012, the Company and Rathbourne
Mercantile Ltd. signed a Novation of Previous Consulting Agreement regarding its
March 26, 2012 Consulting Agreement substituting Lankford Consulting, Inc. as
the entity to perform the services. There were no changes made to the Lankford
Consulting, Inc. Consulting Agreement. On August 3, 2012, the Company agreed to
issue 250,000 shares to Rathbourne Mercantile Ltd. for consulting services at
$0.22 per share, the closing price of the Company's Common shares on August 3,
2012 (see Note 4 "Stockholders' Equity"). On May 28, 2013, the Company issued a
letter informing Langford Consulting Group and its associated companies
Shoreline Consulting International and Rathbourne Mercantile Ltd, effective
immediately, the Company was ending all relationships.
XML 68 R21.xml IDEA: Going Concern Net losses (Details) 2.4.0.8000210 - Statement - Going Concern Net losses (Details)truefalsefalse1false USDfalsefalse$D060927_130630http://www.sec.gov/CIK0001387998duration2006-09-27T00:00:002013-06-30T00:00:00USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170USDUSD$1true 1fil_GoingConcernNetLosses1Abstractfil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 2fil_NetLossesfil_falsecreditdurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse40392594039259USD$falsetruefalsexbrli:monetaryItemTypemonetaryThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.No definition available.false2falseGoing Concern Net losses (Details) (USD $)NoRoundingUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.caseycontainer.com/20130630/role/idr_GoingConcernNetLossesDetails12 XML 69 R30.htm IDEA: XBRL DOCUMENT v2.4.0.8
Related Party Transactions Loans and Dues (Details) (USD $)
Jun. 30, 2013
Dec. 31, 2012
Feb. 22, 2012
Feb. 10, 2012
Dec. 31, 2010
Related Party Transactions Loans and Dues          
Due to Officers for unpaid expenses, fees and loans $ 801,441 $ 1,031,347      
Exchanged loan for the restricted common shares         717,600
Per share value of loan exchanged for shares         $ 0.25
Loan by CEO     $ 1,100 $ 7,000  
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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2013
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS
9. SUBSEQUENT EVENTS
On July 20, 2013, the Company sold for cash 400,000 restricted Common shares at
$0.05 per share for $20,000. The closing price of the Company's freely-traded
shares on the OTC.BB on July 19, 2013 was $0.07, a discount of 28.6% discount.
XML 71 R22.xml IDEA: Intangibles Contract Rights (Details) 2.4.0.8000220 - Statement - Intangibles Contract Rights (Details)truefalsefalse1false USDfalsefalse$E10http://www.sec.gov/CIK0001387998instant2010-12-31T00:00:000001-01-01T00:00:00USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170USDUSD$1true 1fil_IntangiblesContractRightsAbstractfil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 2fil_AssetContractRightsImpairedAndExpensedTheFullAmountfil_falsedebitinstantfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse1837918379USD$falsetruefalsexbrli:monetaryItemTypemonetaryThe amount of asset contract rights as of the date.No definition available.false2falseIntangibles Contract Rights (Details) (USD $)NoRoundingUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.caseycontainer.com/20130630/role/idr_IntangiblesContractRightsDetails12 XML 72 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
RELATED PARTY TRANSACTIONS
6 Months Ended
Jun. 30, 2013
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS
5. RELATED PARTY TRANSACTIONS
As of June 30, 2013 and December 31, 2012, respectively, $801,441 and $1,031,347
is due to Company officers for unpaid expenses, fees and loans. Terry W. Neild,
Chief Executive Officer, Chief Financial Officer, Secretary and Director made
several non-interest bearing cash loans totaling $179,400 to the Company during
the year 2010. On December 30, 2010, Mr. Neild exchanged these non-interest
bearing cash loans for 717,600 Restricted Common shares, at $0.25 per share, the
closing price of the Company's Common shares on the date of conversion. Mr.
Neild is also Chairman of the Board and shareholder of Taste of Aruba (U.S.),
Inc. (see Note 3 "Intangible Assets" and Note 4 "Stockholders' Equity"). On
January 28, 2011, a related party loaned the Company $20,000 in a non-interest
bearing loan (See Note 10 "Non-Interest Bearing Loans"). On February 7, 2011,
1,000,000 Common shares were issued to Auspice Capital LLC, a related party, in
connection with a verbal agreement for investor relations, consulting and
capital raising services and on October 31, 2011, the Company cancelled 500,000
of the original shares regarding performance under the verbal agreement (see
Note 4 "Stockholders' Equity"). On February 3, 2012, a related party made a
non-interest bearing loan of $7,000, of which $5,000 was repaid on May 23, 2012.
On February 10, 2012, the Chief Executive Officer loaned $7,000 in a
non-interest bearing loan, which was repaid on February 13, 2012. On February
22, 2012, the Chief Executive Officer loaned $1,100 in a non-interest bearing
loan, which was repaid on April 25 and May 17, 2012 (See Note 7 "Non-Interest
Bearing Loans"). On May 21 and May 30, 2012, the Chairman of the Board loaned
the Company $12,000 and $38,250, respectively, in a non-interest bearing loan.
On April 11, 2012, 250,000 Common shares were issued at $0.18 per share (the
closing price of the Common shares on April 11, 2012) to a Vice President in
exchange for amounts owed for services rendered and expensed in the period
ending March 31, 2012. On April 18 and May 17, 2012, a Vice President loaned the
Company $38,000 and $4,000, respectively, in a non-interest bearing loan. See
Note 7, "Non-Interest Bearing Loans." On March 5, 2013, the Company borrowed
$4,850 in a non-interest bearing loan, from a firm controlled by the Chairman of
the Board. On June 24, 2013, the Chairman, Chief Executive Officer and President
and the Vice President Sales and Technical Services signed Debt Settlement
Agreements, converting $92,000, $510,000 and $60,000, respectively of unpaid
expenses, fees and loans into 1,533,333, 8,500,000 and 1,000,000, respectively
of Restricted Common Shares (see Note 4 "Stockholders' Equity") at $0.06 per
share. On June 24, 2013, the closing price of the Company's freely-traded shares
on the OTC.BB was $0.07 per share, representing a 14.3% discount due. A Form 8-K
was filed by the Company on July 1, 2013. Amounts outstanding to Related
Parties, at June 30, 2013 and December 31, 2012, respectively, are unsecured:
                                                     June 30,      December 31,
                                                       2013           2012
                                                    ----------     ----------
Unpaid expenses and fees to Officers/Directors      $  801,441     $1,031,347
                                                    ----------     ----------
Non-interest bearing loans to Related Parties
  Non Officer/Director                              $   22,000     $   22,000
  Chairman of the Board/Officer and Controlled
   Entity                                           $    4,850     $   50,250
  Vice President and Director                       $       --     $   42,000
                                                    ----------     ----------
      Total                                         $   26,850     $  114,250
                                                    ==========     ==========
XML 73 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Cash Flows Parentheticals
Jun. 24, 2013
Apr. 11, 2012
Dec. 31, 2010
Exchange of shares      
Common stock share exchanged. 11,033,333 250,000 717,600
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AGREEMENTS 2.4.0.8000130 - Disclosure - RATHBOURNE MERCANTILE LTD./LANKFORD CONSULTING, INC. AGREEMENTStruefalsefalse1false falsefalseD130101_130630http://www.sec.gov/CIK0001387998duration2013-01-01T00:00:002013-06-30T00:00:001true 1fil_RathbourneMercantileLtdLankfordConsultingIncAgreementsAbstractfil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 2fil_RathbourneMercantileLtdLankfordConsultingIncAgreementsfil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<!--egx--><pre>6. RATHBOURNE MERCANTILE LTD./LANKFORD CONSULTING, INC. AGREEMENTS</pre><pre>On March 26, 2012, the Company entered into a one-year Consulting Agreement with</pre><pre>Rathbourne Mercantile Ltd. ("Rathbourne"), effective March 22, 2012, for</pre><pre>investor relations services and introductions to potential equity investors.</pre><pre>Remuneration was $37,500 for an independent valuation report of the Company,</pre><pre>which was expensed in the quarter ending March 31, 2012. If Rathbourne</pre><pre>introduced the Company to an investor and the Company successfully completed an</pre><pre>equity capital financing with the party introduced, Rathbourne would receive a</pre><pre>7% cash finder's fee of the gross amount funded and 7% of the issued shares of</pre><pre>the Company. The Company was introduced by Rathbourne to ARG Vermogensverwaltung</pre><pre>AG, a private equity fund based in Munich, Germany, who issued a Letter of</pre><pre>Interest on March 22, 2012 to facilitate a financing of the Company for</pre><pre>approximately $5 million. 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Rathbourne Mercantile Ltd or Lankford Consulting, Inc. Agreements As Follows (Details) (USD $)
Aug. 03, 2012
Mar. 26, 2012
Mar. 22, 2012
Rathbourne Mercantile Ltd or Lankford Consulting, Inc. Agreements As Follows      
Remuneration   $ 37,500  
Rathbourne would receive the Finder's fee percentage on the gross amount funded   7.00%  
Rathbourne would receive the percentage on shares issued   7.00%  
Letter of interest to facilitate finance     $ 500,000
Issuance of shares to Rathbourne Mercantile Ltd., for consulting services 250,000    
value Per share of shares issued $ 0.22    
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Non Interest Bearing Loans To Non Related Parties (Tables)
6 Months Ended
Jun. 30, 2013
Non Interest Bearing Loans To Non Related Parties  
Non Interest Bearing Loans To Non Related Parties
The amounts of all non-interest bearing loans outstanding at June 30, 2013 and
December 31, 2012, respectively, are to Related Parties (all amounts are
unsecured - see Note 5, "Related Party Transactions") follows:
                                                     June 30,      December 31,
                                                       2013           2012
                                                     --------       --------
Non-interest bearing loans to Related Parties
  Non-Officer/Director                               $ 22,000       $ 22,000
  Chairman of the Board/Officer and Controlled
   Entity                                            $  4,850       $ 50,250
  Vice President and Director                        $     --       $ 42,000
                                                     --------       --------
      Total                                          $ 26,850       $114,250
                                                     ========       ========
XML 84 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
INTEREST BEARING LOAN
6 Months Ended
Jun. 30, 2013
INTEREST BEARING LOAN  
INTEREST BEARING LOAN
8. INTEREST BEARING LOANS
On August 12 and 19, 2011, a nonrelated party loaned the Company $15,000 in an
interest-bearing Promissory Note, at 8% per annum and a one-time financing fee
of $9,900. The financing fee was expensed in the period ending September 30,
2011. The loan, one-time financing fee and unpaid accrued interest is due upon
the Company's receipt of the first funding of equity capital from an investor
group. The loan and unpaid accrued interest is unsecured and not in default.
On August 27, 2012, the Company borrowed $40,000 in a ninety day non-interest
bearing Promissory Note and a one-time financing fee of $10,000 from a
non-related party. The one-time financing fee was expensed in the quarter ending
September 30, 2012. If the $50,000 was not paid within ninety days of the date
of the Promissory Note, interest at the rate of 10% per annum would begin
accruing until full payment is made. On January 31, 2013, the Company renewed
the original Promissory Note, extending the maturity date to April 30, 2013 and
on June 22, 2013, the maturity date was extended to December 31, 2013. The
accrued interest as of December 31, 2012 was reversed in the quarter ending
March 31, 2013. The loan is unsecured.
The amounts of all interest-bearing loans and accrued interest outstanding as of
June 30, 2013 and December 31, 2012, respectively, follow:
                                                     June 30,      December 31,
                                                       2013           2012
                                                     --------       --------
Non-Related Party - principal                        $ 24,900       $ 24,900
                    cumulative accrued interest      $  2,244       $  1,650
Non-Related Party - principal                        $ 50,000       $ 50,000
                    cumulative accrued interest      $     --       $    423
                                                     --------       --------
      Total                                          $ 77,144       $ 76,973
                                                     ========       ========
XML 85 R33.xml IDEA: Rathbourne Mercantile Ltd or Lankford Consulting, Inc. Agreements As Follows (Details) 2.4.0.8000330 - Statement - Rathbourne Mercantile Ltd or Lankford Consulting, Inc. Agreements As Follows (Details)truefalsefalse1false USDfalsefalse$I120803http://www.sec.gov/CIK0001387998instant2012-08-03T00:00:000001-01-01T00:00:00SharesStandardhttp://www.xbrl.org/2003/instanceshares0UsdPerShareDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instanceshares0USDUSD$2false USDfalsefalse$I120326http://www.sec.gov/CIK0001387998instant2012-03-26T00:00:000001-01-01T00:00:00PureStandardhttp://www.xbrl.org/2003/instancepure0USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170USDUSD$3false USDfalsefalse$I120322http://www.sec.gov/CIK0001387998instant2012-03-22T00:00:000001-01-01T00:00:00USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170USDUSD$1true 1fil_RathbourneMercantileLtdOrLankfordConsultingIncAgreementsAsFollowsAbstractfil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse2falsefalsefalse00falsefalsefalse3falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 2fil_Remunerationfil_falsedebitinstantfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse2truefalsefalse3750037500USD$falsetruefalse3falsefalsefalse00falsefalsefalsexbrli:monetaryItemTypemonetaryThe amount of remuneration payable.No definition available.false23false 2fil_RathbourneWouldReceiveTheFinderSFeePercentageOnTheGrossAmountFundedfil_falsenainstantfalsefalsefalsefalsefalsefalsefalsefalse1falsetruefalse00falsefalsefalse2truetruefalse0.07000.0700falsefalsefalse3falsetruefalse00falsefalsefalsenum:percentItemTypepureRathbourne would receive the Finder's fee percentage on the gross amount fundedNo definition available.false04false 2fil_RathbourneWouldReceiveThePercentageOnSharesIssuedfil_falsenainstantfalsefalsefalsefalsefalsefalsefalsefalse1falsetruefalse00falsefalsefalse2truetruefalse0.07000.0700falsefalsefalse3falsetruefalse00falsefalsefalsenum:percentItemTypepureRathbourne would receive the percentage on shares issuedNo definition available.false05false 2fil_LetterOfInterestToFacilitateFinancefil_falsecreditinstantfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse2falsefalsefalse00falsefalsefalse3truefalsefalse500000500000USD$falsetruefalsexbrli:monetaryItemTypemonetaryLetter of interest to facilitate financeNo definition available.false26false 2fil_IssuanceOfSharesToRathbourneMercantileLtdForConsultingServicesfil_falsenainstantfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse250000250000falsefalsefalse2falsefalsefalse00falsefalsefalse3falsefalsefalse00falsefalsefalsexbrli:sharesItemTypesharesIssuance of shares to Rathbourne Mercantile Ltd., for consulting servicesNo definition available.false17false 2fil_ValuePerShareOfSharesIssuedfil_falsenainstantfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse0.220.22USD$falsetruefalse2falsefalsefalse00falsefalsefalse3falsefalsefalse00falsefalsefalsenum:perShareItemTypedecimalvalue Per share of shares issuedNo definition available.false3falseRathbourne Mercantile Ltd or Lankford Consulting, Inc. Agreements As Follows (Details) (USD $)NoRoundingNoRoundingNoRoundingUnKnowntruefalsefalseSheethttp://www.caseycontainer.com/20130630/role/idr_RathbourneMercantileLtdOrLankfordConsultingIncAgreementsAsFollowsDetails37 XML 86 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Intangibles Contract Rights (Details) (USD $)
Dec. 31, 2010
Intangibles Contract Rights  
Asset contract rights (impaired and expensed the full amount) $ 18,379
XML 87 R15.xml IDEA: INTEREST BEARING LOAN 2.4.0.8000150 - Disclosure - INTEREST BEARING LOANtruefalsefalse1false falsefalseD130101_130630http://www.sec.gov/CIK0001387998duration2013-01-01T00:00:002013-06-30T00:00:001true 1fil_INTERESTBEARINGLOANAbstractfil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 2us-gaap_DebtDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<!--egx--><pre>8. INTEREST BEARING LOANS</pre><pre>On August 12 and 19, 2011, a nonrelated party loaned the Company $15,000 in an</pre><pre>interest-bearing Promissory Note, at 8% per annum and a one-time financing fee</pre><pre>of $9,900. The financing fee was expensed in the period ending September 30,</pre><pre>2011. The loan, one-time financing fee and unpaid accrued interest is due upon</pre><pre>the Company's receipt of the first funding of equity capital from an investor</pre><pre>group. The loan and unpaid accrued interest is unsecured and not in default.</pre><pre>On August 27, 2012, the Company borrowed $40,000 in a ninety day non-interest</pre><pre>bearing Promissory Note and a one-time financing fee of $10,000 from a</pre><pre>non-related party. The one-time financing fee was expensed in the quarter ending</pre><pre>September 30, 2012. If the $50,000 was not paid within ninety days of the date</pre><pre>of the Promissory Note, interest at the rate of 10% per annum would begin</pre><pre>accruing until full payment is made. On January 31, 2013, the Company renewed</pre><pre>the original Promissory Note, extending the maturity date to April 30, 2013 and</pre><pre>on June 22, 2013, the maturity date was extended to December 31, 2013. The</pre><pre>accrued interest as of December 31, 2012 was reversed in the quarter ending</pre><pre>March 31, 2013. The loan is unsecured.</pre><pre>The amounts of all interest-bearing loans and accrued interest outstanding as of</pre><pre>June 30, 2013 and December 31, 2012, respectively, follow:</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; June 30,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; December 31,</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2012</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------</pre><pre>Non-Related Party - principal&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 24,900&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 24,900</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; cumulative accrued interest&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp; 2,244&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp; 1,650</pre><pre>Non-Related Party - principal&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 50,000&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 50,000</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;cumulative accrued interest&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp; --&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp; 423</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 77,144&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 76,973</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;========&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ========</pre>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 2, 4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 false0falseINTEREST BEARING LOANUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.caseycontainer.com/20130630/role/idr_DisclosureINTERESTBEARINGLOAN12 XML 88 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
Interest Bearing Loans To Non Related Parties As Follows (Tables)
6 Months Ended
Jun. 30, 2013
Interest Bearing Loans To Non Related Parties As Follows  
Interest Bearing Loans To Non Related Parties As Follows
The amounts of all interest-bearing loans and accrued interest outstanding as of
June 30, 2013 and December 31, 2012, respectively, follow:
                                                     June 30,      December 31,
                                                       2013           2012
                                                     --------       --------
Non-Related Party - principal                        $ 24,900       $ 24,900
                    cumulative accrued interest      $  2,244       $  1,650
Non-Related Party - principal                        $ 50,000       $ 50,000
                    cumulative accrued interest      $     --       $    423
                                                     --------       --------
      Total                                          $ 77,144       $ 76,973
                                                     ========       ========
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Document and Entity Information
6 Months Ended
Jun. 30, 2013
Aug. 12, 2013
Document and Entity Information    
Entity Registrant Name CASEY CONTAINER CORP  
Document Type 10-Q  
Document Period End Date Jun. 30, 2013  
Amendment Flag false  
Entity Central Index Key 0001387998  
Current Fiscal Year End Date --12-31  
Entity Common Stock, Shares Outstanding   82,700,034
Entity Filer Category Smaller Reporting Company  
Entity Current Reporting Status Yes  
Entity Voluntary Filers No  
Entity Well-known Seasoned Issuer No  
Document Fiscal Year Focus 2013  
Document Fiscal Period Focus Q2  
XML 91 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Going Concern Net losses (Details) (USD $)
81 Months Ended
Jun. 30, 2013
Going Concern Net losses  
Net losses from inception $ 4,039,259
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