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FIXED ASSETS
 6 Months Ended 12 Months Ended
Jun. 30, 2015
Dec. 31, 2014
Property, Plant and Equipment [Abstract]    
7. FIXED ASSETS

Fixed assets consist of the following as of June 30, 2015 and December 31, 2014:  

 

   

Estimated

Useful Lives

    

(unaudited)

June 30,

     December 31,  
    (Years)     2015     2014  
Computers     5     $ -     $ 5,868  
Office Equipment     5       -       14,711  
Vehicle     5       -       25,127  
Assets retirement             -       107,749  
Subtotal             -       153,455  
Less: accumulated depreciation             -       (15,331 )
Fixed assets, net           $ -     $ 138,124  

 

During the year ended December 31, 2014, the Company in accordance with Industry Guide 7, impaired $1,244,117 in land, building and the mill equipment as the Company is in the exploration stage and these assets should not be capitalized. Depreciation for the three months ended March 31, 2015 was $75, and for the years ended December 31, 2014 and 2013 was $5,869 and $8,770, respectively.

 

As of December 31, 2014 as a result of the stock dividend on February 3, 2015 the fixed assets appear as assets from discontinued operations in these condensed consolidated financial statements, and the depreciation expense is included in loss from discontinued operations on the condensed consolidated statement of operations and comprehensive loss.

Fixed assets consist of the following as of December 31, 2014 and 2013:  

 

    Estimated              
    Useful Lives     December 31,     December 31,  
    (Years)     2014     2013  
Building     -     $ -     $ 1,089,415  
Land             -       108,974  
Computers     5       5,868       4,424  
Office Equipment     5       14,711       14,711  
Mill Equipment     5       -       43,115  
Vehicle     5       25,127       25,127  
Assets retirement             107,749       -  
Subtotal             153,455       1,285,766  
Less: accumulated depreciation             (15,331 )     (9,462 )
Fixed assets, net           $ 138,124     $ 1,276,304  

 

During the year ended December 31, 2014, the Company in accordance with Industry Guide 7, impaired $1,244,117 in land, building and the mill equipment as the Company is in the exploration stage and these assets should not be capitalized. Depreciation for the years ended December 31, 2014 and 2013 was $5,869 and $8,770, respectively.