10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

[X]           QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly ended June 30, 2015

[  ]           TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________  to _____________

Commission File Number: 0-54721

ACCESS US OIL & GAS, INC.

(Exact name of registrant as specified in its charter)

Delaware	46-1035533
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

673 Woodland Square Loop SE

Suite 320

Lacey, Washington 98503

(Address of principal executive offices) (zip code)

Registrant's telephone number, including area code: 360-970-2647

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

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

Common Stock, $.0001 par value per share

(Title of class)

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

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (Section 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).  [X] Yes   [  ] 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 [  ]  (do not check if smaller reporting company)	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

Indicate the number of shares outstanding of each of the registrant's classes of common stock as of the latest practicable date.

Class	Outstanding August 14, 2015
Common Stock, par value $0.0001	21,290,000 shares

Documents incorporated by reference: None

ACCESS US OIL & GAS, INC.

FORM 10-Q

FOR THE QUARTERLY PERIOD ENDED June 30, 2015

TABLE OF CONTENTS

		Page
PART I – FINANCIAL INFORMATION
Item 1.	Financial Statements.	2
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations.	11
Item 3.	Quantitative and Qualitative Disclosures About Market Risk.	12
Item 4.	Controls and Procedures.	12
PART II - OTHER INFORMATION
Item 1.	Legal Proceedings.	14
Item 1A.	Risk Factors.	14
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.	14
Item 3.	Defaults Upon Senior Securities.	14
Item 4.	Mine Safety Disclosures.	14
Item 5.	Other Information.	14
Item 6.	Exhibits.	15
	Signatures.	16

1

ITEM 1. Financial Statements

ACCESS US OIL & GAS, INC.

CONDENSED BALANCE SHEETS

	June 30, 2015			December 31, 2014
	(Unaudited)
CURRENT ASSETS
Cash	$	33,319		$	9,845
Account receivables		311,929			678,877
Total current assets		345,248			688,722
PROPERTY AND EQUIPMENT
Unproved leasehold costs		1,463,784			1,463,784
Proved oil and gas properties, net		7,219,336			6,346,116
TOTAL ASSETS		9,028,368			8,498,622
LIABILITIES AND STOCKHOLDERS' DEFICIT:
CURRENT LIABILITIES:
Accounts payable - trade		172,625			144,444
Accounts payable - oil and gas		1,012,466			368,784
Accounts payable and accrued liabilities - related party		540,044			384,254
Notes payable - related party		7,344,568			7,808,652
Notes payable – net of discount		311,876			311,036
Total current liabilities		9,381,579			9,017,170
Long-term notes- payable, net of discount		37,225			37,103
Asset retirement obligations		17,280			16,580
TOTAL LIABILITIES		9,436,084			9,070,853
STOCKHOLDERS' DEFICIT:
Common stock, $.0001 par value, 100,000,000 shares authorized; 21,290,000 issued and outstanding as of June 30, 2015, December 31, 2014, respectively		2,129			2,129
Additional paid-in capital		22,434			22,434
Accumulated deficit		(432,279	)		(596,794	)
Total stockholders' deficit		(407,716	)		(572,231	)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	9,028,368		$	8,498,622

The accompanying notes are an integral part of these condensed financial statements.

2

ACCESS US OIL & GAS, INC.

CONDENSED STATEMENTS OF OPERATIONS

(Unaudited)

	Three Months Ended June 30,					Six Months Ended June 30,
	2015		2014			2015		2014
OIL AND GAS REVENUES	$	310,289	$	87,129		$	727,834	$	87,129
COSTS AND OPERATING EXPENSES:
Lease operating expenses		50,402		-			86,232		-
Depreciation, depletion, amortization and accretion		160,024		-			297,899		-
General and administrative		78,121		143,535			157,265		274,067
Total costs and operating expenses		288,547		143,535			541,396		274,067
OPERATING INCOME (LOSS)		21,742		(56,406	)		186,438		(186,938	)
OTHER (INCOME) EXPENSES
Amortization of debt discount		404		558			962		1,116
Interest expense		7,373		-			20,960		-
Total other expense		7,777		558			21,922		1,116
INCOME (LOSS) BEFORE TAXES		13,965		(56,964	)		164,516		(188,054	)
PROVISION FOR INCOME TAXES		-		-			-		-
NET INCOME (LOSS)	$	13,965	$	(56,964	)	$	164,516	$	(188,054	)
BASIC AND DILUTED LOSS PER SHARE,	$	0.00	$	(0.00	)	$	0.01	$	(0.01	)
Weighted average number of common shares outstanding, basic and diluted		21,290,000		21,290,000			21,290,000		21,290,000

The accompanying notes are an integral part of these condensed financial statements.

3

ACCESS US OIL & GAS, INC.

CONDENSED STATEMENTS OF CASH FLOWS

(Unaudited)

	For the six months ended June 30,
	2015			2014
Net income (loss)	$	164,516		$	(188,054	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation, depletion, and amortization		297,899			-
Amortization of debt discount		962			1,116
Changes in operating assets and liabilities:
Accounts receivables		366,948			(87,129	)
Accounts payable		671,863			261,295
Accrued expense - related party		155,789			-
Net cash provided by (used in) operating activities		1,657,977			(12,772	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Investments in Comanche Exploration		-			(1,143,417	)
Development of oil and gas properties		(1,170,419	)		-
Net cash used  in investing activities		(1,170,419	)		(1,143,417	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowing - related party		735,000			170,000
Payment of long-term debt		(1,199,084	)		-
Net cash provided by (used in)  financing activities		(464,084	)		170,000
NET INCREASE (DECREASE) IN CASH		23,474			(986,189	)
CASH, BEGINNING OF PEROID		9,845			1,002,866
CASH, END OF PERIOD	$	33,319		$	16,677
SUPPLEMENTAL CASH FLOW INFORMATION:
Income Taxes	$	-		$	-
Interest Paid	$	36,717		$	6,340

The accompanying notes are an integral part of these condensed financial statements

4

ACCESS US OIL & GAS, INC.

Notes to Financial Statements

(Unaudited)

1 - NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NATURE OF OPERATIONS

Access US Oil & Gas, Inc. (the "Company") was incorporated on April 23, 2012 under the laws of the State of Delaware. On September 7, 2012, the shareholders of the Corporation and the Board of Directors unanimously approved the change of the Registrant's name from Gumtree Acquisition Corporation to Access US Oil & Gas, Inc.

BASIS OF PRESENTATION

The accompanying condensed financial statements have been prepared in accordance with the United States generally accepted accounting principles ("U.S. GAAP").

USE OF ESTIMATES

Financial statements prepared in accordance with U.S. GAAP require management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Among other things, management makes estimates relating to the fair value of financial instruments and the valuation allowance related to deferred income tax assets. Actual results could differ from those estimates.

CONCENTRATION OF RISK

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash. The Company places its cash with high quality banking institutions. The Company did not have cash balances in excess of the $250,000 Federal Deposit Insurance Corporation limit as of June 30, 2015.

REVENUE RECOGNITION

The Company recognizes sales revenues for natural gas, oil and condensate, based on the amount of each product sold to purchasers when delivery to the purchaser has occurred and title has transferred. This occurs when product has been delivered to a pipeline or when a tanker lifting has occurred.  The Company follows the sales method of accounting in which all production is deemed sold when produced.  No gas imbalances or commodity inventory is recorded under the sales method.

OIL AND GAS PROPERTIES

The Company applies the successful efforts method of accounting for oil and gas properties. Exploration costs such as exploratory geological and geophysical costs, delay rentals, and exploration overhead are charged against earnings as incurred. If an exploratory well provides evidence to justify potential completion as a producing well, drilling costs associated with the well are initially capitalized, or suspended, pending a determination as to whether a commercially sufficient quantity of proved reserves can be attributed to the area as a result of drilling.  Acquisition costs of unproved properties are periodically assessed for impairment and are transferred to proved oil and gas properties to the extent the costs are associated with successful exploration activities. Significant undeveloped leases are assessed individually for impairment, based on the Company’s current exploration plans, and a valuation allowance is provided if impairment is indicated.

5

ACCESS US OIL & GAS, INC.

Notes to Financial Statements

(Unaudited)

CAPITALIZED INTEREST

For significant projects, interest is capitalized as part of the historical cost of developing and constructing assets. Significant oil and gas investments in unproved properties, significant exploration and development projects that have not commenced production, significant midstream development activities that are in progress, and investments in equity method affiliates that are undergoing the construction of assets that have not commenced principal operations qualify for interest capitalization. Interest is capitalized until the asset is ready for service. Capitalized interest is determined by multiplying the Company’s weighted-average borrowing cost on debt by the average amount of qualifying costs incurred. Once an asset subject to interest capitalization is completed and placed in service, the associated capitalized interest is expensed through depreciation or impairment.

ASSET RETIREMENT OBLIGATIONS

Asset retirement obligations (AROs) associated with the retirement of tangible long-lived assets are recognized as liabilities with an increase to the carrying amounts of the related long-lived assets in the period incurred. The cost of the tangible asset, including the asset retirement cost, is depreciated over the useful life of the asset. AROs are recorded at estimated fair value, measured by reference to the expected future cash outflows required to satisfy the retirement obligations discounted at the Company’s credit-adjusted risk-free interest rate. Accretion expense is recognized over time as the discounted liabilities are accreted to their expected settlement value. If estimated future costs of AROs change, an adjustment is recorded to both the asset retirement obligation and the long-lived asset. Revisions to estimated AROs can result from changes in retirement cost estimates, revisions to estimated inflation rates, and changes in the estimated timing of abandonment.

IMPAIRMENTS

Long lived assets are reviewed for impairment when facts and circumstances indicate that net book values may not be recoverable. In performing this review, an undiscounted cash flow test is performed at the lowest level for which identifiable cash flows are independent of cash flows from other assets. If the sum of the undiscounted future net cash flows is less than the net book value of the long lived asset, an impairment loss is recognized for the excess, if any, of the property’s net book value over its estimated fair value. As of June 30, 2015, the Company has no reason to suspect impairment.

DEPRECIATION, DEPLETION AND AMORTIZATION

Costs of drilling and equipping successful wells, costs to construct or acquire facilities other than offshore platforms, associated asset retirement costs, and capital lease assets used in oil and gas activities are depreciated using the unit-of-production (UOP) method based on total estimated proved developed oil and gas reserves. Costs of acquiring proved properties, including leasehold acquisition costs transferred from unproved properties and costs to construct or acquire offshore platforms and associated asset retirement costs, are depleted using the UOP method based on total estimated proved developed and undeveloped reserves. Mineral properties are also depleted using the UOP method. All other properties are stated at historical acquisition cost, net of impairments, and are depreciated using the straight-line method over the useful lives of the assets, which range from 3 to 15 years for furniture and equipment, up to 40 years for buildings, and up to 47 years for gathering facilities.

INCOME TAXES

Under Accounting Standards Codification (“ASC”) 740, "Income Taxes", deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Valuation allowances are established when it is more likely than not that some or all of the deferred tax assets will not be realized.

6

ACCESS US OIL & GAS, INC.

Notes to Financial Statements

(Unaudited)

EARNINGS PER COMMON SHARE

The basic earnings per share is the same as the diluted loss per share as there are no potentially dilutive shares. The loss per share is computed by dividing the net loss by the weighted average number of common shares outstanding during the period. Diluted earnings per common share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would share in the loss of the entity.

FAIR VALUE OF FINANCIAL INSTRUMENTS

The Company follows guidance for accounting for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial items that are recognized or disclosed at fair value in the financial statements on a recurring basis.  Additionally, the Company adopted guidance for fair value measurement related to nonfinancial items that are recognized and disclosed at fair value in the financial statements on a nonrecurring basis. The guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows:

Level 1	inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.
Level 2	inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.
Level 3	inputs are unobservable inputs for the asset or liability.

The Company monitors the market conditions and evaluates the fair value hierarchy levels at least quarterly. For any transfers in and out of the levels of the fair value hierarchy, the Company elects to disclose the fair value measurement at the beginning of the reporting period during which the transfer occurred.

The Company's financial instruments consisted of cash, short-term investment, related party advances, and notes payable.  The estimated fair value of these instruments approximates its carrying amount due to the short maturity of these instruments.

RECENT ACCOUNTING PRONOUNCEMENTS

There are no recently issued accountings pronouncements or standards updates that the Company has yet to adopt that are expected to have a material effect on its financial position, results of operations, or cash flows.

2 - GOING CONCERN

As of June 30, 2015, the Company has an accumulated deficit of $432,279.  The Company is currently successfully producing oil and gas for commercial sale and has started to generate positive cash flows from operations.  The Company's continuation as a going concern is dependent on its ability to obtain additional financing until it can generate sufficient cash flows from operations to meet its obligations.

These condensed financial statements have been prepared on a going concern basis, which implies the Company will continue to meet its obligations and continue its operations for the next fiscal year. The continuation of the Company as a going concern is dependent upon its ability to obtain necessary debt or equity financing to continue operations until it begins generating positive cash flow.

There is no assurance that the Company will continue to be profitable. The condensed financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern.

7

ACCESS US OIL & GAS, INC.

Notes to Financial Statements

(Unaudited)

 3 – OIL AND GAS PROPERTIES

Oil and natural gas properties as of June 30, 2015 and December 31, 2014 consisted of the following:

	June 30, 2015			December 31, 2014
	(Unaudited)
Evaluated Properties
Proved costs subject to depletion	$	7,680,268		$	5,733,423
Proved costs not subject to depletion - work-in-process		-			776,426
Accumulated depletion		(460,932	)		(163,733	)
Total evaluated properties		7,219,336			6,346,116
Unevaluated properties		1,463,784			1,463,784
Net oil and gas properties	$	8,683,120		$	7,809,900

4 – ASSET RETIRMENT OBLIGATION

The following is a reconciliation of our asset retirement obligation liability as of June 30, 2015 and 2014:

	June 30, 2015		December 31, 2014
	(Unaudited)
Liability for asset retirement obligation, beginning of period	$	16,580	$	-
Asset retirement obligations sold		-		-
Asset retirement obligations incurred on properties drilled		-		16,580
Accretion		700		-
Revisions in estimated cash flows		-		-
Costs incurred		-		-
Liability for asset retirement obligation, end of period		17,280		16,580
Current portion of asset retirement obligation		-		-
Noncurrent portion of asset retirement obligation		17,280		16,580
Total liability for asset retirement obligation	$	17,280	$	16,580

5 –NOTES PAYABLE

Related Party Debt

On December 1, 2012, the Company entered into a promissory note agreement with Access the USA (“AUSA”), a related party entity through common ownership.  Under the terms of the agreement, any borrowings are due on demand and accrue interest at 5% per annum starting on January 1, 2013.

As of June 30, 2015 and December 31, 2014, AUSA had advanced the Company an aggregate total of $585,000 and $947,000, respectively, to fund its oil and gas operations.  For the period ended June 30, 2015 and 2014 the Company has accrued accumulated interest expense of $68,439 and $84,072, respectively. During the six months ended June 30, 2015, the Company received $85,000 from AUSA and has made payments totaling $447,000.

8

ACCESS US OIL & GAS, INC.

Notes to Financial Statements

(Unaudited)

On June 21, 2013, the Company entered into a credit agreement with Orion Oil and Gas I LP (“Orion I”), a related party entity through common ownership.  Under the terms of the agreement, loans may be made to the Company in the aggregate maximum principal amount of $7,500,000; which accrue interest at 5% per annum commencing on June 21, 2013.Under the terms of the loan agreement, Orion Oil and Gas LLP had advanced the company $3,000,000 during the year ended December 31, 2014.  During the six months ended June 30, 2015, Orion Oil and Gas LLP had advanced another $650,000 to the Company.

The Company has accrued accumulated interest expense of $471,605 and $300,058 as of June 30, 2015 and December 31, 2014 respectively.  As of June 30, 2015 and December 31, 2014, the Company had outstanding principal balances of $6,759,569 and $6,831,652, respectively. The Company paid $722,084 on the principal balance in the current quarter.

On November 18, 2014, the Company entered into a promissory note agreement with Access Texas Oil and Gas LLC (“ATOG”), a related party entity through common ownership. Under the terms of the agreement, the Company borrowed $30,000, which is due on demand and accrues interest at 5% per annum starting on November 18, 2014.  On February 12, 2015, the Company repaid all principal and accrued interest.

Third Party Notes Payable

On October 5, 2012, the Company entered into a promissory note agreement for borrowing $200,000 from an individual. The note has an interest rate of 0% per annum and is due 50% two years from the date of issue, and 50% three years from the date of issue. The Company received $150,000 and $50,000 on October 5, 2012 and February 22, 2013 respectively. In connection with this note payable, the Company issued 400,000 shares of common stock to the individual on October 5, 2012 as an inducement to make the loan. As of June 30, 2015, the Company has not made any payments.

On October 8, 2012, the Company borrowed $75,000 from an individual pursuant to a promissory note agreement.  The note has an interest rate of 0% per annum and is due 50% two years from the date of issue, and 50% three years from the date of issued.  In connection with this note payable, the Company issued 300,000 shares of common stock to the individual on October 8, 2012 as an inducement to make the loan.   On October 8, 2014, the Company entered in to an extension agreement, whereby the lender agreed to a 90 day extension in exchange for a 10% interest payment on the amount originally due, October 8, 2014. As of June 30, 2015, the Company has not made any payments.

On October 14, 2013, the Company borrowed $75,000 from an individual pursuant to a promissory note agreement.  The note has an interest rate of 0% per annum and is due 50% two years from the date of issue, and 50% three years from the date of issued. As of June 30, 2015, the Company has not made any payments.

The fair value of the common stock issued in connection with the above notes payable was allocated on a pro rata basis to the proceeds from the notes payable.  The aggregate amount allocated to the value of the common stock amounted to $6,863, which has been recorded as a discount to the notes payable in the accompanying balance sheet and is being amortized as interest expense over the life of the notes payable.  The amount amortized as interest expense as of June 30, 2015 amounted to $962, and the remaining discount amounted to $899 as of June 30, 2015 which will be amortized through October 2015.

Future scheduled maturities of these notes payable are as follows for the period ended June 30, 2015:

2015		312,500
2016		37,500
		350,000
Unamortized discount		(899	)
Total	$	349,101

9

ACCESS US OIL & GAS, INC.

Notes to Financial Statements

(Unaudited)

6 - STOCKHOLDER'S EQUITY

The Company is authorized to issue 100,000,000 shares of common stock and 20,000,000 shares of preferred stock.

On April 30, 2012, the Company issued 20,000,000 common shares to two directors and officers for $2,000 in cash.

On September 7, 2012, the registrant redeemed an aggregate of 19,500,000 of the 20,000,000 shares of outstanding stock at a redemption price of $0.0001 per share for an aggregate redemption price of $1,950.

On September 8, 2012, the Company issued 19,500,000 shares of its common stock pursuant to Section 4(2) of the Securities Act of 1933 at par for an aggregate of $1,950 representing 97.5% of the total outstanding 20,000,000 shares of common stock.

On October 5, 2012, the Company issued 400,000 shares of common stock to a debt holder as an inducement to provide the loan.

On October 8, 2012, the Company issued 300,000 shares of common stock to a debt holder as an inducement to provide the loan.

In September, 2013, 580,000 shares of common stock sold in public offering with a price of $0.03 per share to 58 subscribers for an aggregate of $17,400.

On December 9, 2013, the Company issued 10,000 shares of common stock to public to 1 subscriber with a price of $0.03 per share for an aggregate of $300.

As of June 30, 2015 and December 31, 2014, the Company has 21,290,000 shares of common stock and no preferred stock was issued and outstanding.

10

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward-looking Statements

Statements made in this Quarterly Report which are not purely historical are forward-looking statements with respect to the goals, plan objectives, intentions, expectations, financial condition, results of operations, future performance and our business, including, without limitation, (i) our ability to raise capital, and (ii) statements preceded by, followed by or that include the words “may,” “would,” “could,” “should,” “expects,” “projects,” “anticipates,” “believes,” “estimates,” “plans,” “intends,” “targets” or similar expressions.

Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond our control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following: general economic or industry conditions, nationally and/or in the communities in which we may conduct business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, our ability to raise capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, other economic, competitive, governmental, regulatory and technical factors affecting our current or potential business and related matters.

Accordingly, results actually achieved may differ materially from expected results in these statements.  Forward-looking statements speak only as of the date they are made.  We do not undertake, and specifically disclaim, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements.

Overview

We were incorporated on April 23, 2012 under the laws of the State of Delaware to engage in any lawful corporate undertaking, including, but not limited to, selected mergers and acquisitions. On September 7, 2012, the shareholders of the Company and the Board of Directors unanimously approved the change of the Registrant's name to Access US Oil & Gas, Inc. and filed such change with the State of Delaware.

We are in the development stage and operations to date have been to obtain agreements with Comanche for oil exploration and drilling, as well as efforts to raise debt financing to invest with Comanche.

Through June 30, 2015, the Company had generated revenues and started to have income or cash flows from operations.  However, there is still substantial doubt about the Company's ability to continue as a going concern. Such continuation is dependent on the Company’s ability to obtain additional financing until it can generate sufficient cash flows from operations to meet its financial obligations.

Management plans to raise additional debt financing to pay expenses until the cash flows from operations are adequate to meet its obligations. There is no assurance that the Company will ever be profitable. The accompanying condensed financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern.

Results of Operations and Financial Condition for the Three Months Ended June 30, 2015 Compared to Three Months Ended June 30, 2014

For the three month periods ended June 30, 2015 and 2014, the Company had generated oil and gas revenue of $310,289 and $87,129 respectively.

Operating expenses for the three month periods ended June 30, 2015 and 2014 were $288,547 and $143,535, respectively.Operating expensesprimarily represented expenses associated with oil exploration activities, as well as consulting and legal fees in order to comply with regulatory requirements.

11

Results of Operations and Financial Condition for the Six Months Ended June 30, 2015 Compared to Six Months Ended June 30, 2014

For the six month periods ended June 30, 2015 and 2014, the Company had generated oil and gas revenue of $727,834 and $87,129 respectively.

Operating expenses for the six month periods ended June 30, 2015 and 2014 were $541,396 and $274,067, respectively.Operating expensesprimarily represented expenses associated with oil exploration activities, as well as consulting and legal fees in order to comply with regulatory requirements.

Liquidity and Capital Resources

During the six months period ended June 30, 2015 and 2014, net cash provided by operations amounted to $1,657,977 and net cash used in operation amounted $12,772,  respectively.

During the six months period ended June 30, 2015 and 2014, net cash used in investing activities was $1,170,419 and $1,143,417.  For the six months ended June 30, 2015, the net cash flow in investment activities was primarily due to the development of oil and gas properties. For the six months ended June 30, 2014, the net cash flow in investing activities was primarily due to the cash paid for unproved leaseholds and development of oil and gas properties.

During the six months period ended June 30, 2015 and 2014, net cash used in financing activities amounted to $ 464,084 and net cash provided by financing activities amounted to $170,000, respectively.For the six months ended June 30, 2015, the net cash flow in financing activities was primarily due to the proceeds received from third party and partially offset by the payment to the debt. For the six months ended June 30, 2015, the net cash flow in financing activities was primarily due to the proceeds of $735,000 received from a third party and payment of $1,199,084 to the related party.

As of June 30, 2015 and December 31, 2014, the Company had cash available of $33,319 and $9,845.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.

ITEM 4. CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

Disclosure controls and procedures are controls and other procedures that are designed to provide reasonable assurances that information required to be disclosed by the Company in its periodic reports filed or submitted by the Company under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to provide reasonable assurances that information required to be disclosed by the Company in its periodic reports that are filed under the Exchange Act is accumulated and communicated to our Principal Executive Officer, as appropriate to allow timely decisions regarding required disclosure.

Evaluation of disclosure and controls and procedures.

We maintain disclosure controls and procedures as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended, or the Exchange Act, that are designed to ensure that information required to be disclosed in our reports under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in the Commission's rules and forms, and that such information is accumulated and communicated to our management, including our principal executive officer and our interim principal financial officer, as appropriate, to allow timely decisions regarding required disclosure.

12

We carried out an evaluation under the supervision and with the participation of our management, including our principal executive officer and our principal financial and accounting officer, of the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) as of the end of the period covered by this Quarterly Report. Based on this evaluation, our principal executive officer and our principal financial and accounting officer concluded that our disclosure controls and procedures were not effective as of June 30, 2015.

The determination that our disclosure controls and procedures were not effective as of March, 2014 was a result of:

· the fact that we do not have significant operations and as a result do not have an internal accounting and financial reporting department; and

· insufficient segregation of duties.

Changes in internal controls over financial reporting.

There were no changes in the Company's internal controls over financial reporting or in other factors that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.

13

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

There are no pending, threatened or actual legal proceedings in which the Company or any subsidiary is a party.

ITEM 1A. RISK FACTORS

Not applicable for smaller reporting companies.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 3. DEFAULT UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable

ITEM 5. OTHER INFORMATION

None.

14

ITEM 6. EXHIBITS

Exhibit Number	Description
31.1#	Certification of Chief Executive Officer (302)
31.2#	Certification of Chief Financial Officer (302)
32.1#	Certification of Chief Financial Officer (902)
32.2#	Certification of Chief Financial Officer (902)

101 INS	XBRL Instance Document*
101 SCH	XBRL Schema Document*
101 CAL	XBRL Calculation Linkbase Document*
101 DEF	XBRL Definition Linkbase Document*
101 LAB	XBRL Labels Linkbase Document*
101 PRE	XBRL Presentation Linkbase Document*

*           The XBRL related information in Exhibit 101 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability of that section and shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing or document.

15

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	ACCESS US OIL AND GAS, INC.
	By: /s/ Michael Mattox
	President
Dated: August 14, 2014
	By: /s/ Charles McSwain
	Principal financial officer
Dated: August 14, 2014

Pursuant to the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Signature	Title	Date
/s/ Michael Mattox	Director, President and Principal Executive Officer	August 14, 2015
Michael Mattox
/s/ Charles McSwain	Director and Principal Financial Officer	August 14, 2015

16

EX-31.1

Exhibit 31.1

CERTIFICATIONS PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Michael Mattox, certify that:

1.   I have reviewed this Quarterly Report on Form 10-Q for the quarter ended June 30, 2015 of Access US Oil and Gas, Inc.;

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 small business issuer as of, and for, the periods presented in this report;

4.   I am 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 small business issuer 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 small business issuer, 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 small business issuer'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 small business issuer's internal control over financial reporting that occurred during the small business issuer's most recent fiscal quarter (the small business issuer's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer's internal control over financial reporting; and

5.   I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer'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 small business issuer's internal control over financial reporting.

Date: August 14, 2015 /s/ Michael Mattox­­­ Michael Mattox Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATIONS PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Charles McSwain, certify that:

1.   I have reviewed this Quarterly Report on Form 10-Q for the quarter ended June 30, 2015 of Access US Oil and Gas, Inc.;

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 small business issuer as of, and for, the periods presented in this report;

4.   I am 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 small business issuer 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 small business issuer, 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 small business issuer'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 small business issuer's internal control over financial reporting that occurred during the small business issuer's most recent fiscal quarter (the small business issuer's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer's internal control over financial reporting; and

5.   I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer'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 small business issuer's internal control over financial reporting.

Date: August 14, 2015 /s/ Charles McSwain Charles McSwain Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q for the quarter ended June 30, 2015, as filed with the Securities and Exchange Commission Access US Oil and Gas, Inc. (the "Company") on the date hereof (the "Report"), I, Michael Mattox, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

(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 result of operations of the Company.

  Date: August 14, 2015   /s/ Michael Mattox­­­ Michael Mattox Chief Executive Officer

The foregoing certification is being furnished solely pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Section 1350 of Chapter 63 of Title 18 of the United States Code) and is not being filed as part of the Report or as a separate disclosure document.

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q for the quarter ended June 30, 2015, as filed with the Securities and Exchange Commission Access US Oil and Gas, Inc. (the "Company") on the date hereof (the "Report"), I, Charles McSwain, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

(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 result of operations of the Company.

  Date: August 14, 2015 /s/ Charles McSwain Charles McSwain Chief Financial Officer

The foregoing certification is being furnished solely pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Section 1350 of Chapter 63 of Title 18 of the United States Code) and is not being filed as part of the Report or as a separate disclosure document.

XML

Note 5 - Notes Payable (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	Nov. 18, 2014	Jun. 21, 2013	Dec. 01, 2012
Notes payable - related party	$ 7,344,568	$ 7,808,652
Proceeds from notes payable - third party	735,000
Access the USA
Debt Instrument, Interest Rate, Stated Percentage					5.00%
Notes payable - related party	585,000	947,000
Debt Instrument, Increase, Accrued Interest	68,439	84,072
Proceeds from notes payable - third party	85,000
Repayments of Related Party Debt	447,000
Orion Oil and Gas I LP
Debt Instrument, Interest Rate, Stated Percentage				5.00%
Notes payable - related party	6,759,569	6,831,652
Debt Instrument, Increase, Accrued Interest	471,605	300,058
Proceeds from notes payable - third party	650,000	3,000,000
Repayments of Related Party Debt	$ 722,084
Maximum principal amount				$ 7,500,000
AccessTexasOilAndGasLlcMember
Debt Instrument, Interest Rate, Stated Percentage			5.00%
Notes payable - related party		$ 30,000

XML

Note 4 - Asset Retirment Obligation: Schedule of Asset Retirement Obligations (Tables)

6 Months Ended

Jun. 30, 2015

Tables/Schedules

Schedule of Asset Retirement Obligations

	June 30, 2015		December 31, 2014
Liability for asset retirement obligation, beginning of period	$	16,580	$	-
Asset retirement obligations sold		-		-
Asset retirement obligations incurred on properties drilled		-		16,580
Accretion		700		-
Revisions in estimated cash flows		-		-
Costs incurred		-		-
Liability for asset retirement obligation, end of period		17,280		16,580
Current portion of asset retirement obligation		-		-
Noncurrent portion of asset retirement obligation		17,280		16,580
Total liability for asset retirement obligation	$	17,280	$	16,580

XML

Note 4 - Asset Retirment Obligation

6 Months Ended

Jun. 30, 2015

Notes

Note 4 - Asset Retirment Obligation

4 – ASSET RETIRMENT OBLIGATION

The following is a reconciliation of our asset retirement obligation liability as of June 30, 2015 and 2014:

	June 30, 2015		December 31, 2014
Liability for asset retirement obligation, beginning of period	$	16,580	$	-
Asset retirement obligations sold		-		-
Asset retirement obligations incurred on properties drilled		-		16,580
Accretion		700		-
Revisions in estimated cash flows		-		-
Costs incurred		-		-
Liability for asset retirement obligation, end of period		17,280		16,580
Current portion of asset retirement obligation		-		-
Noncurrent portion of asset retirement obligation		17,280		16,580
Total liability for asset retirement obligation	$	17,280	$	16,580

XML

Note 1 - Nature of Operations and Summary of Significant Accounting Policies: Depreciation, Depletion and Amortization (Details)	6 Months Ended
	Jun. 30, 2015
Furniture and Fixtures | Minimum
Property, Plant and Equipment, Useful Life	3 years
Furniture and Fixtures | Maximum
Property, Plant and Equipment, Useful Life	15 years
Building
Property, Plant and Equipment, Useful Life	40 years
Gas Gathering and Processing Equipment
Property, Plant and Equipment, Useful Life	47 years

XML

Note 1 - Nature of Operations and Summary of Significant Accounting Policies: Concentration of Risk (Details)	Jun. 30, 2015 USD ($)
Details
Cash, FDIC Insured Amount	$ 250,000

XML

Note 2 - Going Concern (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Details
Accumulated deficit	$ 432,279	$ 596,794

XML

Note 3 - Oil and Gas Properties: Schedule of Proved Developed and Undeveloped Oil and Gas Properties (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Details
Proved costs subject to depletion	$ 7,680,268	$ 5,733,423
Proved costs not subject to depletion - work-in-progress		776,426
Oil and Gas Property, Successful Effort Method, Accumulated Depreciation, Depletion Amortization and Impairment	(460,932)	(163,733)
Proved oil and gas properties, net	7,219,336	6,346,116
Unproved leasehold costs	1,463,784	1,463,784
Oil and Gas Property, Successful Effort Method, Net	$ 8,683,120	$ 7,809,900

XML

Note 3 - Oil and Gas Properties

6 Months Ended

Jun. 30, 2015

Notes

Note 3 - Oil and Gas Properties

3 – OIL AND GAS PROPERTIES

Oil and natural gas properties as of June 30, 2015 and December 31, 2014 consisted of the following:

	June 30, 2015			December 31, 2014
Evaluated Properties
Proved costs subject to depletion	$	7,680,268		$	5,733,423
Proved costs not subject to depletion - work-in-process		-			776,426
Accumulated depletion		(460,932	)		(163,733	)
Total evaluated properties		7,219,336			6,346,116
Unevaluated properties		1,463,784			1,463,784
Net oil and gas properties	$	8,683,120		$	7,809,900

XML

Note 4 - Asset Retirment Obligation: Schedule of Asset Retirement Obligations (Details) - USD ($)	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Details
Asset retirement obligation incurred on properties drilled		$ 16,580
Asset Retirement Obligation, Accretion Expense	$ 700
Asset retirement obligations	17,280	16,580
Asset Retirement Obligations, Noncurrent	$ 17,280	$ 16,580

XML

CONDENSED BALANCE SHEETS - USD ($)	Jun. 30, 2015	Dec. 31, 2014
CURRENT ASSETS
Cash	$ 33,319	$ 9,845
Account receivables	311,929	678,877
Total current assets	345,248	688,722
PROPERTY AND EQUIPMENT
Unproved leasehold costs	1,463,784	1,463,784
Proved oil and gas properties, net	7,219,336	6,346,116
TOTAL ASSETS	9,028,368	8,498,622
CURRENT LIABILITIES:
Accounts payable - trade	172,625	144,444
Accounts payable - oil and gas	1,012,466	368,784
Accounts payable and accrued liabilities - related party	540,044	384,254
Notes payable - related party	7,344,568	7,808,652
Notes payable - net of discount	311,876	311,036
Total current liabilities	9,381,579	9,017,170
Long-term notes- payable, net of discount	37,225	37,103
Asset retirement obligations	17,280	16,580
TOTAL LIABILITIES	9,436,084	9,070,853
STOCKHOLDERS' DEFICIT:
Common stock, $.0001 par value, 100,000,000 shares authorized; 21,290,000 issued and outstanding as of June 30, 2015 and December 31, 2014, respectively	2,129	2,129
Additional paid-in capital	22,434	22,434
Accumulated deficit	(432,279)	(596,794)
Total stockholders' deficit	(407,716)	(572,231)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 9,028,368	$ 8,498,622

XML

Note 1 - Nature of Operations and Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2015

Notes

Note 1 - Nature of Operations and Summary of Significant Accounting Policies

1 - NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NATURE OF OPERATIONS

Access US Oil & Gas, Inc. (the "Company") was incorporated on April 23, 2012 under the laws of the State of Delaware. On September 7, 2012, the shareholders of the Corporation and the Board of Directors unanimously approved the change of the Registrant's name from Gumtree Acquisition Corporation to Access US Oil & Gas, Inc.

BASIS OF PRESENTATION

The accompanying condensed financial statements have been prepared in accordance with the United States generally accepted accounting principles ("U.S. GAAP").

USE OF ESTIMATES

Financial statements prepared in accordance with U.S. GAAP require management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Among other things, management makes estimates relating to the fair value of financial instruments and the valuation allowance related to deferred income tax assets. Actual results could differ from those estimates.

CONCENTRATION OF RISK

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash. The Company places its cash with high quality banking institutions. The Company did not have cash balances in excess of the $250,000 Federal Deposit Insurance Corporation limit as of June 30, 2015.

REVENUE RECOGNITION

The Company recognizes sales revenues for natural gas, oil and condensate, based on the amount of each product sold to purchasers when delivery to the purchaser has occurred and title has transferred. This occurs when product has been delivered to a pipeline or when a tanker lifting has occurred.  The Company follows the sales method of accounting in which all production is deemed sold when produced.  No gas imbalances or commodity inventory is recorded under the sales method.

OIL AND GAS PROPERTIES

The Company applies the successful efforts method of accounting for oil and gas properties. Exploration costs such as exploratory geological and geophysical costs, delay rentals, and exploration overhead are charged against earnings as incurred. If an exploratory well provides evidence to justify potential completion as a producing well, drilling costs associated with the well are initially capitalized, or suspended, pending a determination as to whether a commercially sufficient quantity of proved reserves can be attributed to the area as a result of drilling.  Acquisition costs of unproved properties are periodically assessed for impairment and are transferred to proved oil and gas properties to the extent the costs are associated with successful exploration activities. Significant undeveloped leases are assessed individually for impairment, based on the Company’s current exploration plans, and a valuation allowance is provided if impairment is indicated.

CAPITALIZED INTEREST

For significant projects, interest is capitalized as part of the historical cost of developing and constructing assets. Significant oil and gas investments in unproved properties, significant exploration and development projects that have not commenced production, significant midstream development activities that are in progress, and investments in equity method affiliates that are undergoing the construction of assets that have not commenced principal operations qualify for interest capitalization. Interest is capitalized until the asset is ready for service. Capitalized interest is determined by multiplying the Company’s weighted-average borrowing cost on debt by the average amount of qualifying costs incurred. Once an asset subject to interest capitalization is completed and placed in service, the associated capitalized interest is expensed through depreciation or impairment.

ASSET RETIREMENT OBLIGATIONS

Asset retirement obligations (AROs) associated with the retirement of tangible long-lived assets are recognized as liabilities with an increase to the carrying amounts of the related long-lived assets in the period incurred. The cost of the tangible asset, including the asset retirement cost, is depreciated over the useful life of the asset. AROs are recorded at estimated fair value, measured by reference to the expected future cash outflows required to satisfy the retirement obligations discounted at the Company’s credit-adjusted risk-free interest rate. Accretion expense is recognized over time as the discounted liabilities are accreted to their expected settlement value. If estimated future costs of AROs change, an adjustment is recorded to both the asset retirement obligation and the long-lived asset. Revisions to estimated AROs can result from changes in retirement cost estimates, revisions to estimated inflation rates, and changes in the estimated timing of abandonment.

IMPAIRMENTS

Long lived assets are reviewed for impairment when facts and circumstances indicate that net book values may not be recoverable. In performing this review, an undiscounted cash flow test is performed at the lowest level for which identifiable cash flows are independent of cash flows from other assets. If the sum of the undiscounted future net cash flows is less than the net book value of the long lived asset, an impairment loss is recognized for the excess, if any, of the property’s net book value over its estimated fair value. As of June 30, 2015, the Company has no reason to suspect impairment.

DEPRECIATION, DEPLETION AND AMORTIZATION

Costs of drilling and equipping successful wells, costs to construct or acquire facilities other than offshore platforms, associated asset retirement costs, and capital lease assets used in oil and gas activities are depreciated using the unit-of-production (UOP) method based on total estimated proved developed oil and gas reserves. Costs of acquiring proved properties, including leasehold acquisition costs transferred from unproved properties and costs to construct or acquire offshore platforms and associated asset retirement costs, are depleted using the UOP method based on total estimated proved developed and undeveloped reserves. Mineral properties are also depleted using the UOP method. All other properties are stated at historical acquisition cost, net of impairments, and are depreciated using the straight-line method over the useful lives of the assets, which range from 3 to 15 years for furniture and equipment, up to 40 years for buildings, and up to 47 years for gathering facilities.

INCOME TAXES

Under Accounting Standards Codification (“ASC”) 740, "Income Taxes", deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Valuation allowances are established when it is more likely than not that some or all of the deferred tax assets will not be realized.

EARNINGS PER COMMON SHARE

The basic earnings per share is the same as the diluted loss per share as there are no potentially dilutive shares. The loss per share is computed by dividing the net loss by the weighted average number of common shares outstanding during the period. Diluted earnings per common share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would share in the loss of the entity.

FAIR VALUE OF FINANCIAL INSTRUMENTS

The Company follows guidance for accounting for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial items that are recognized or disclosed at fair value in the financial statements on a recurring basis.  Additionally, the Company adopted guidance for fair value measurement related to nonfinancial items that are recognized and disclosed at fair value in the financial statements on a nonrecurring basis. The guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows:

Level 1	inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.
Level 2	inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.
Level 3	inputs are unobservable inputs for the asset or liability.

The Company monitors the market conditions and evaluates the fair value hierarchy levels at least quarterly. For any transfers in and out of the levels of the fair value hierarchy, the Company elects to disclose the fair value measurement at the beginning of the reporting period during which the transfer occurred.

The Company's financial instruments consisted of cash, short-term investment, related party advances, and notes payable.  The estimated fair value of these instruments approximates its carrying amount due to the short maturity of these instruments.

RECENT ACCOUNTING PRONOUNCEMENTS

There are no recently issued accountings pronouncements or standards updates that the Company has yet to adopt that are expected to have a material effect on its financial position, results of operations, or cash flows.

XML

Note 5 - Notes Payable: Schedule of Maturities of Long-term Debt (Details)	Jun. 30, 2015 USD ($)
Details
Long-term Debt, Maturities, Repayments of Principal in Next Rolling Twelve Months	$ 312,500
Long-term Debt, Maturities, Repayments of Principal in Year Two	37,500
Debt Instrument, Unamortized Discount	(899)
Long-term Debt	$ 349,101

XML

Note 1 - Nature of Operations and Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies)

6 Months Ended

Jun. 30, 2015

Policies

Fair Value of Financial Instruments

FAIR VALUE OF FINANCIAL INSTRUMENTS

The Company follows guidance for accounting for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial items that are recognized or disclosed at fair value in the financial statements on a recurring basis.  Additionally, the Company adopted guidance for fair value measurement related to nonfinancial items that are recognized and disclosed at fair value in the financial statements on a nonrecurring basis. The guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows:

Level 1	inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.
Level 2	inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.
Level 3	inputs are unobservable inputs for the asset or liability.

The Company monitors the market conditions and evaluates the fair value hierarchy levels at least quarterly. For any transfers in and out of the levels of the fair value hierarchy, the Company elects to disclose the fair value measurement at the beginning of the reporting period during which the transfer occurred.

The Company's financial instruments consisted of cash, short-term investment, related party advances, and notes payable.  The estimated fair value of these instruments approximates its carrying amount due to the short maturity of these instruments.

XML

Note 6 - Stockholder's Equity (Details) - USD ($)	1 Months Ended	8 Months Ended	12 Months Ended
	Sep. 30, 2012	Dec. 31, 2012	Dec. 31, 2013	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2013	Sep. 08, 2012
Common stock shares authorized				100,000,000	100,000,000
Preferred stock shares authorized				20,000,000
Common stock shares issued				21,290,000	21,290,000		19,500,000
Sale of Stock, Consideration Received Per Transaction	$ 1,950
Sale of Stock, Price Per Share			$ 0.03			$ 0.03
Common stock shares outstanding				21,290,000	21,290,000
September 2013 Public Offering
Stock Issued During Period, Value, New Issues			$ 17,400
December 2013 Public Offering
Stock Issued During Period, Value, New Issues			$ 300
Common Stock
Issuance Of Common Stock In Connection With Notes Payable On October 5, 2012 - Shares		400,000
Issuance Of Common Stock In Connection With Notes Payable On October 8, 2012 - Shares		300,000
Common Stock | September 2013 Public Offering
Stock Issued During Period, Shares, New Issues			580,000
Common Stock | December 2013 Public Offering
Stock Issued During Period, Shares, New Issues			10,000

XML

Note 3 - Oil and Gas Properties: Schedule of Proved Developed and Undeveloped Oil and Gas Properties (Tables)

6 Months Ended

Jun. 30, 2015

Tables/Schedules

Schedule of Proved Developed and Undeveloped Oil and Gas Properties

	June 30, 2015			December 31, 2014
Evaluated Properties
Proved costs subject to depletion	$	7,680,268		$	5,733,423
Proved costs not subject to depletion - work-in-process		-			776,426
Accumulated depletion		(460,932	)		(163,733	)
Total evaluated properties		7,219,336			6,346,116
Unevaluated properties		1,463,784			1,463,784
Net oil and gas properties	$	8,683,120		$	7,809,900

XML

Note 2 - Going Concern

6 Months Ended

Jun. 30, 2015

Notes

Note 2 - Going Concern

2 - GOING CONCERN

As of June 30, 2015, the Company has an accumulated deficit of $432,279.  The Company is currently successfully producing oil and gas for commercial sale and has started to generate positive cash flows from operations.  The Company's continuation as a going concern is dependent on its ability to obtain additional financing until it can generate sufficient cash flows from operations to meet its obligations.

These condensed financial statements have been prepared on a going concern basis, which implies the Company will continue to meet its obligations and continue its operations for the next fiscal year. The continuation of the Company as a going concern is dependent upon its ability to obtain necessary debt or equity financing to continue operations until it begins generating positive cash flow.

There is no assurance that the Company will continue to be profitable. The condensed financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern.

XML

CONDENSED BALANCE SHEETS PARENTHETICAL - $ / shares	Jun. 30, 2015	Dec. 31, 2014
CONDENSED BALANCE SHEETS PARENTHETICAL
Common stock par value	$ 0.0001	$ 0.0001
Common stock shares authorized	100,000,000	100,000,000
Common stock shares issued	21,290,000	21,290,000
Common stock shares outstanding	21,290,000	21,290,000

XML

Note 1 - Nature of Operations and Summary of Significant Accounting Policies: Asset Retirement Obligations (Policies)

6 Months Ended

Jun. 30, 2015

Policies

Asset Retirement Obligations

ASSET RETIREMENT OBLIGATIONS

Asset retirement obligations (AROs) associated with the retirement of tangible long-lived assets are recognized as liabilities with an increase to the carrying amounts of the related long-lived assets in the period incurred. The cost of the tangible asset, including the asset retirement cost, is depreciated over the useful life of the asset. AROs are recorded at estimated fair value, measured by reference to the expected future cash outflows required to satisfy the retirement obligations discounted at the Company’s credit-adjusted risk-free interest rate. Accretion expense is recognized over time as the discounted liabilities are accreted to their expected settlement value. If estimated future costs of AROs change, an adjustment is recorded to both the asset retirement obligation and the long-lived asset. Revisions to estimated AROs can result from changes in retirement cost estimates, revisions to estimated inflation rates, and changes in the estimated timing of abandonment.

XML

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 14, 2015
Document and Entity Information:
Entity Registrant Name	ACCESS US OIL & GAS, INC.
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Trading Symbol	auog
Amendment Flag	false
Entity Central Index Key	0001550956
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		21,290,000
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	2015
Document Fiscal Period Focus	Q2
Entity Incorporation, State Country Name	Delaware
Entity Incorporation, Date of Incorporation	Sep. 07, 2012

XML

Note 1 - Nature of Operations and Summary of Significant Accounting Policies: Impairments (Policies)

6 Months Ended

Jun. 30, 2015

Policies

Impairments

IMPAIRMENTS

Long lived assets are reviewed for impairment when facts and circumstances indicate that net book values may not be recoverable. In performing this review, an undiscounted cash flow test is performed at the lowest level for which identifiable cash flows are independent of cash flows from other assets. If the sum of the undiscounted future net cash flows is less than the net book value of the long lived asset, an impairment loss is recognized for the excess, if any, of the property’s net book value over its estimated fair value. As of June 30, 2015, the Company has no reason to suspect impairment.

XML

CONDENSED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
CONDENSED STATEMENTS OF OPERATIONS
OIL AND GAS REVENUES	$ 310,289	$ 87,129	$ 727,834	$ 87,129
COSTS AND OPERATING EXPENSES:
Lease operating expenses	50,402		86,232
Depreciation, depletion, amortization and accretion	160,024		297,899
General and administrative	78,121	143,535	157,265	274,067
Total costs and operating expenses	288,547	143,535	541,396	274,067
OPERATING INCOME (LOSS)	21,742	(56,406)	186,438	(186,938)
OTHER (INCOME) EXPENSES
Amortization of debt discount	404	558	962	1,116
Interest expense	7,373		20,960
Total other expense	7,777	558	21,922	1,116
INCOME (LOSS) BEFORE TAXES	$ 13,965	$ (56,964)	$ 164,516	$ (188,054)
PROVISION FOR INCOME TAXES
NET INCOME (LOSS)	$ 13,965	$ (56,964)	$ 164,516	$ (188,054)
BASIC AND DILUTED LOSS PER SHARE,			$ 0.01	$ (0.01)
Weighted average number of common shares outstanding, basic and diluted	21,290,000	21,290,000	21,290,000	21,290,000

XML

Note 1 - Nature of Operations and Summary of Significant Accounting Policies: Use of Estimates (Policies)

6 Months Ended

Jun. 30, 2015

Policies

Use of Estimates

USE OF ESTIMATES

Financial statements prepared in accordance with U.S. GAAP require management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Among other things, management makes estimates relating to the fair value of financial instruments and the valuation allowance related to deferred income tax assets. Actual results could differ from those estimates.

XML

Note 6 - Stockholder's Equity

6 Months Ended

Jun. 30, 2015

Notes

Note 6 - Stockholder's Equity

6 - STOCKHOLDER'S EQUITY

The Company is authorized to issue 100,000,000 shares of common stock and 20,000,000 shares of preferred stock.

On April 30, 2012, the Company issued 20,000,000 common shares to two directors and officers for $2,000 in cash.

On September 7, 2012, the registrant redeemed an aggregate of 19,500,000 of the 20,000,000 shares of outstanding stock at a redemption price of $0.0001 per share for an aggregate redemption price of $1,950.

On September 8, 2012, the Company issued 19,500,000 shares of its common stock pursuant to Section 4(2) of the Securities Act of 1933 at par for an aggregate of $1,950 representing 97.5% of the total outstanding 20,000,000 shares of common stock.

On October 5, 2012, the Company issued 400,000 shares of common stock to a debt holder as an inducement to provide the loan.

On October 8, 2012, the Company issued 300,000 shares of common stock to a debt holder as an inducement to provide the loan.

In September, 2013, 580,000 shares of common stock sold in public offering with a price of $0.03 per share to 58 subscribers for an aggregate of $17,400.

On December 9, 2013, the Company issued 10,000 shares of common stock to public to 1 subscriber with a price of $0.03 per share for an aggregate of $300.

As of June 30, 2015 and December 31, 2014, the Company has 21,290,000 shares of common stock and no preferred stock was issued and outstanding.

XML

Note 1 - Nature of Operations and Summary of Significant Accounting Policies: Recent Accounting Pronouncements (Policies)

6 Months Ended

Jun. 30, 2015

Policies

Recent Accounting Pronouncements

RECENT ACCOUNTING PRONOUNCEMENTS

There are no recently issued accountings pronouncements or standards updates that the Company has yet to adopt that are expected to have a material effect on its financial position, results of operations, or cash flows.

XML

Note 1 - Nature of Operations and Summary of Significant Accounting Policies: Depreciation, Depletion and Amortization (Policies)

6 Months Ended

Jun. 30, 2015

Policies

Depreciation, Depletion and Amortization

DEPRECIATION, DEPLETION AND AMORTIZATION

Costs of drilling and equipping successful wells, costs to construct or acquire facilities other than offshore platforms, associated asset retirement costs, and capital lease assets used in oil and gas activities are depreciated using the unit-of-production (UOP) method based on total estimated proved developed oil and gas reserves. Costs of acquiring proved properties, including leasehold acquisition costs transferred from unproved properties and costs to construct or acquire offshore platforms and associated asset retirement costs, are depleted using the UOP method based on total estimated proved developed and undeveloped reserves. Mineral properties are also depleted using the UOP method. All other properties are stated at historical acquisition cost, net of impairments, and are depreciated using the straight-line method over the useful lives of the assets, which range from 3 to 15 years for furniture and equipment, up to 40 years for buildings, and up to 47 years for gathering facilities.

XML

Note 1 - Nature of Operations and Summary of Significant Accounting Policies: Oil and Gas Properties (Policies)

6 Months Ended

Jun. 30, 2015

Policies

Oil and Gas Properties

OIL AND GAS PROPERTIES

The Company applies the successful efforts method of accounting for oil and gas properties. Exploration costs such as exploratory geological and geophysical costs, delay rentals, and exploration overhead are charged against earnings as incurred. If an exploratory well provides evidence to justify potential completion as a producing well, drilling costs associated with the well are initially capitalized, or suspended, pending a determination as to whether a commercially sufficient quantity of proved reserves can be attributed to the area as a result of drilling.  Acquisition costs of unproved properties are periodically assessed for impairment and are transferred to proved oil and gas properties to the extent the costs are associated with successful exploration activities. Significant undeveloped leases are assessed individually for impairment, based on the Company’s current exploration plans, and a valuation allowance is provided if impairment is indicated.

XML

Note 1 - Nature of Operations and Summary of Significant Accounting Policies: Concentration of Risk (Policies)

6 Months Ended

Jun. 30, 2015

Policies

Concentration of Risk

CONCENTRATION OF RISK

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash. The Company places its cash with high quality banking institutions. The Company did not have cash balances in excess of the $250,000 Federal Deposit Insurance Corporation limit as of June 30, 2015.

XML

Note 1 - Nature of Operations and Summary of Significant Accounting Policies: Revenue Recognition (Policies)

6 Months Ended

Jun. 30, 2015

Policies

Revenue Recognition

REVENUE RECOGNITION

The Company recognizes sales revenues for natural gas, oil and condensate, based on the amount of each product sold to purchasers when delivery to the purchaser has occurred and title has transferred. This occurs when product has been delivered to a pipeline or when a tanker lifting has occurred.  The Company follows the sales method of accounting in which all production is deemed sold when produced.  No gas imbalances or commodity inventory is recorded under the sales method.

XML

Note 1 - Nature of Operations and Summary of Significant Accounting Policies: Capitalized Interest (Policies)

6 Months Ended

Jun. 30, 2015

Policies

Capitalized Interest

CAPITALIZED INTEREST

For significant projects, interest is capitalized as part of the historical cost of developing and constructing assets. Significant oil and gas investments in unproved properties, significant exploration and development projects that have not commenced production, significant midstream development activities that are in progress, and investments in equity method affiliates that are undergoing the construction of assets that have not commenced principal operations qualify for interest capitalization. Interest is capitalized until the asset is ready for service. Capitalized interest is determined by multiplying the Company’s weighted-average borrowing cost on debt by the average amount of qualifying costs incurred. Once an asset subject to interest capitalization is completed and placed in service, the associated capitalized interest is expensed through depreciation or impairment.

XML

Note 5 - Notes Payable: Third Party Notes Payable (Details) - USD ($)	6 Months Ended	8 Months Ended
	Jun. 30, 2015	Dec. 31, 2012	Oct. 14, 2013	Oct. 08, 2012	Oct. 05, 2012
Promissory note			$ 75,000	$ 75,000	$ 200,000
Aggregate amount allocated to the value of the common stock	$ 6,863
Interest Expense, Other	962
Remaining discount amounted	$ 899
Common Stock
Issuance Of Common Stock In Connection With Notes Payable On October 5, 2012 - Shares		400,000
Issuance Of Common Stock In Connection With Notes Payable On October 8, 2012 - Shares		300,000

XML

Note 1 - Nature of Operations and Summary of Significant Accounting Policies: Earnings Per Common Share (Policies)

6 Months Ended

Jun. 30, 2015

Policies

Earnings Per Common Share

EARNINGS PER COMMON SHARE

The basic earnings per share is the same as the diluted loss per share as there are no potentially dilutive shares. The loss per share is computed by dividing the net loss by the weighted average number of common shares outstanding during the period. Diluted earnings per common share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would share in the loss of the entity.

XML

Note 5 - Notes Payable: Schedule of Maturities of Long-term Debt (Tables)

6 Months Ended

Jun. 30, 2015

Tables/Schedules

Schedule of Maturities of Long-term Debt

2015		312,500
2016		37,500
		350,000
Unamortized discount		(899	)
Total	$	349,101

XML

CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net income (loss)	$ 164,516	$ (188,054)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation, depletion, and amortization	297,899
Amortization of debt discount	962	1,116
Changes in operating assets and liabilities:
Change in accounts receivable	366,948	(87,129)
Change in accounts payable	671,863	261,295
Change in accrued expense - related party	155,789
Net cash provided by (used in) operating activities	1,657,977	(12,772)
CASH FLOWS FROM INVESTING ACTIVITIES:
Investments in Comanche Exploration		(1,143,417)
Development of oil and gas properties	(1,170,419)
Net cash used in investing activities	(1,170,419)	(1,143,417)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowing - related party	735,000	170,000
Payment of long-term debt	(1,199,084)
Net cash provided by (used in) financing activities	(464,084)	170,000
NET INCREASE (DECREASE) IN CASH	23,474	(986,189)
CASH, BEGINNING OF PEROID	9,845	1,002,866
CASH, END OF PERIOD	$ 33,319	$ 16,677
SUPPLEMENTAL CASH FLOW INFORMATION:
Income Taxes
Interest Paid	$ 36,717	$ 6,340

XML

Note 5 - Notes Payable

6 Months Ended

Jun. 30, 2015

Notes

Note 5 - Notes Payable

5 –NOTES PAYABLE

Related Party Debt

On December 1, 2012, the Company entered into a promissory note agreement with Access the USA (“AUSA”), a related party entity through common ownership.  Under the terms of the agreement, any borrowings are due on demand and accrue interest at 5% per annum starting on January 1, 2013.

As of June 30, 2015 and December 31, 2014, AUSA had advanced the Company an aggregate total of $585,000 and $947,000, respectively, to fund its oil and gas operations.  For the period ended June 30, 2015 and 2014 the Company has accrued accumulated interest expense of $68,439 and $84,072, respectively. During the six months ended June 30, 2015, the Company received $85,000 from AUSA and has made payments totaling $447,000.

On June 21, 2013, the Company entered into a credit agreement with Orion Oil and Gas I LP (“Orion I”), a related party entity through common ownership.  Under the terms of the agreement, loans may be made to the Company in the aggregate maximum principal amount of $7,500,000; which accrue interest at 5% per annum commencing on June 21, 2013.Under the terms of the loan agreement, Orion Oil and Gas LLP had advanced the company $3,000,000 during the year ended December 31, 2014.  During the six months ended June 30, 2015, Orion Oil and Gas LLP had advanced another $650,000 to the Company.

The Company has accrued accumulated interest expense of $471,605 and $300,058 as of June 30, 2015 and December 31, 2014 respectively.  As of June 30, 2015 and December 31, 2014, the Company had outstanding principal balances of $6,759,569 and $6,831,652, respectively. The Company paid $722,084 on the principal balance in the current quarter.

On November 18, 2014, the Company entered into a promissory note agreement with Access Texas Oil and Gas LLC (“ATOG”), a related party entity through common ownership. Under the terms of the agreement, the Company borrowed $30,000, which is due on demand and accrues interest at 5% per annum starting on November 18, 2014.  On February 12, 2015, the Company repaid all principal and accrued interest.

Third Party Notes Payable

On October 5, 2012, the Company entered into a promissory note agreement for borrowing $200,000 from an individual. The note has an interest rate of 0% per annum and is due 50% two years from the date of issue, and 50% three years from the date of issue. The Company received $150,000 and $50,000 on October 5, 2012 and February 22, 2013 respectively. In connection with this note payable, the Company issued 400,000 shares of common stock to the individual on October 5, 2012 as an inducement to make the loan. As of June 30, 2015, the Company has not made any payments.

On October 8, 2012, the Company borrowed $75,000 from an individual pursuant to a promissory note agreement.  The note has an interest rate of 0% per annum and is due 50% two years from the date of issue, and 50% three years from the date of issued.  In connection with this note payable, the Company issued 300,000 shares of common stock to the individual on October 8, 2012 as an inducement to make the loan.   On October 8, 2014, the Company entered in to an extension agreement, whereby the lender agreed to a 90 day extension in exchange for a 10% interest payment on the amount originally due, October 8, 2014. As of June 30, 2015, the Company has not made any payments.

On October 14, 2013, the Company borrowed $75,000 from an individual pursuant to a promissory note agreement.  The note has an interest rate of 0% per annum and is due 50% two years from the date of issue, and 50% three years from the date of issued. As of June 30, 2015, the Company has not made any payments.

The fair value of the common stock issued in connection with the above notes payable was allocated on a pro rata basis to the proceeds from the notes payable.  The aggregate amount allocated to the value of the common stock amounted to $6,863, which has been recorded as a discount to the notes payable in the accompanying balance sheet and is being amortized as interest expense over the life of the notes payable.  The amount amortized as interest expense as of June 30, 2015 amounted to $962, and the remaining discount amounted to $899 as of June 30, 2015 which will be amortized through October 2015.

Future scheduled maturities of these notes payable are as follows for the period ended June 30, 2015:

2015		312,500
2016		37,500
		350,000
Unamortized discount		(899	)
Total	$	349,101

XML

Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Details)	6 Months Ended
	Jun. 30, 2015
Details
Entity Incorporation, State Country Name	Delaware
Entity Incorporation, Date of Incorporation	Sep. 07, 2012

XML

Note 1 - Nature of Operations and Summary of Significant Accounting Policies: Income Taxes (Policies)

6 Months Ended

Jun. 30, 2015

Policies

Income Taxes

INCOME TAXES

Under Accounting Standards Codification (“ASC”) 740, "Income Taxes", deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Valuation allowances are established when it is more likely than not that some or all of the deferred tax assets will not be realized.