10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended June 30, 2014

OR

[  ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file Number: 000-51048

ASIA PROPERTIES, INC.

(Exact name of registrant as specified in its charter)

Nevada	47-0855301
(State or other jurisdiction of	(IRS Employer
incorporation or organization)	Identification No.)
119 Commercial Street Suite 190-115, Bellingham Washington 98225	98225
(Address of principal executive offices)	(Zip Code)

(360) 392-2841

(Registrant’s telephone number, including area code)

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 past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [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 filed,” “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 a 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 [  ] No [X]

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: As of January 8, 2014, the issuer had 50,199,362 shares of common stock outstanding.

ASIA PROPERTIES, INC.

Quarterly Report on Form 10-Q
For the Quarterly Period Ended June 30, 2014

FORWARD-LOOKING STATEMENTS

This Form 10-Q for the quarterly period ended June 30, 2014 contains forward-looking statements that involve risks and uncertainties. Forward-looking statements in this document include, among others, statements regarding our capital needs, business plans and expectations. Such forward-looking statements involve assumptions, risks and uncertainties regarding, among others, the success of our business plan, availability of funds, government regulations, operating costs, our ability to achieve significant revenues, our business model and products and other factors. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential” or “continue”, the negative of such terms or other comparable terminology. In evaluating these statements, you should consider various factors, including the assumptions, risks and uncertainties set forth in reports and other documents we have filed with or furnished to the SEC. These factors or any of them may cause our actual results to differ materially from any forward-looking statement made in this document. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding future events, our actual results will likely vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. The forward-looking statements in this document are made as of the date of this document and we do not intend or undertake to update any of the forward-looking statements to conform these statements to actual results, except as required by applicable law, including the securities laws of the United States.

2

TABLE OF CONTENTS

FORM 10-Q

QUARTER ENDED JUNE 30, 2014

		Page
PART I - FINANCIAL INFORMATION
Item 1. Consolidated Financial Statements (Unaudited)		F-1
	Consolidated Balance Sheets as of June 30, 2014 and December 31, 2013	F-1
	Consolidated Statements of Comprehensive Loss for the three and six month periods ended June 30, 2014 and 2013 and for the period from inception through June 30, 2014	F-2 - F-3
	Consolidated Statements of Stockholders’ Deficit for the period from December 31, 2004 through June 30, 2014	F-4
	Consolidated Statements of Cash Flows for the three and six month periods ended June 30, 2014 and 2013 and for the period from April 6, 1998 (Inception) through June 30, 2014	F-5 - F-6
	Selected notes to consolidated financial statements	F-7
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations		4
Item 3. Quantitative and Qualitative Disclosures About Market Risk		5
Item 4. Controls and Procedures		5
PART II - OTHER INFORMATION
Item 1. Legal Proceedings		6
Item 2. Unregistered Sales of Equity Securities and Proceeds		6
Item 3. Default upon Senior securities		6
Item 4. Submission of Matters to a Vote of Security Holders		6
Item 5. Other Information		6
Item 6. Exhibits		6

3

PART I - FINANCIAL INFORMATION

ITEM 1: CONSOLIDATED FINANCIAL STATEMENTS

ASIA PROPERTIES, INC.

(A DEVELOPMENT STAGE COMPANY)

CONSOLIDATED BALANCE SHEETS

AS OF JUNE 30, 2014 AND DECEMBER 31, 2013

	June 30, 2014			Dec 31, 2013
Assets
Current
Cash and cash equivalents	$	549		$	5,475
Total Current Assets		549			5,475
Total Assets	$	549		$	5,475
Liabilities and Stockholder’s equity
Current liabilities
Accounts payables and accrued liabilities		35,939		$	34,038
Notes payable (note 6)		12,500			12,500
Line of Credit (note 5)		48,889			49,340
Short Term Loans (note 3)		-			2,765
Due to Related Party (note 4)		1,222,160			1,172,279
Total Current liabilities	$	1,319,488			1,270,922
Stockholders’ Deficit
Common stock, $0.001 par value, 1,000,000,000 shares authorized 41,921,362 issued and outstanding at June 30, 2014 and December 31, 2013		15,648			15,648
Additional paid in capital		3,291,280			3,291,280
Donated Capital		345,000			345,000
Deficit accumulated during the development stage		(4,970,867	)		(4,917,375	)
		(1,318,939	)		(1,265,447	)
Total liabilities and stockholders’ deficit	$	549		$	5,475

See accompanying notes to the financial statements

F-1

ASIA PROPERTIES, INC.

(A DEVELOPMENT STAGE COMPANY)

UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

FOR THE THREE MONTHS ENDED JUNE 30, 2014 AND 2013

	For the three months ended June 30, 2014			For the three months ended June 30, 2013
Revenue	$	-		$	-
Operating expenses
General and administrative expenses		4,718			9,271
Management fees		15,000			15,000
Professional fees		7,944			868
Consulting fees		-			1,694
Total operating expenses		27,662			26,833
Loss from operations		(27,662	)		(26,833	)
Interest income		-			-
Gain on disposal of subsidiary		-			-
Gain on settlement of debt		-			-
Income taxes recovered		-			-
Write-down of property and equipment		-			-
Net comprehensive loss	$	(27,662	)	$	(26,833	)

See accompanying notes to the financial statements

F-2

ASIA PROPERTIES, INC.

(A DEVELOPMENT STAGE COMPANY)

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS ENDED JUNE 30, 2014 AND 2013

	For the Six Months Ended June 30, 2014			For the Six Months Ended June 30, 2013			For the Period From April 6, 1998 (Inception) Through June 30, 2014
Revenue	$	-		$	-		$	(46,432	)
Operating expenses
General and administrative		10,929			24,966			1,954,571
Commission Expenses		-			-			42,000
Management Fees		30,000			30,000			1,373,614
Professional Fees		12,563			2,830			844,666
Consulting		-			1,694			386,261
Total operating expenses		53,492			59,940			4,601,112
Loss from operations		(53,492	)		(59,940	)		(4,647,544	)
Interest income		-			-			3,294
Disposal of subsidiary		-			-			27,120
Gain on settlement of debt		-			-			178,307
Income taxes recovered		-			-			595
Write-off of investments in mining claims		-			-			(525,000	)
Write-down of property and equipment		-			-			(7,639	)
Net Comprehensive Loss	$	(53,492	)	$	(59,940	)	$	(4,970,867	)
Weighted average number of shares outstanding -basic and diluted		41,921,362			38,421,362
Basic and diluted loss per share	$	(0.0012	)	$	(0.0015	)

See accompanying notes to the financial statements

F-3

ASIA PROPERTIES, INC.

(A DEVELOPMENT STAGE COMPANY)

UNAUDITED STATEMENTS OF STOCKHOLDERS’ DEFICIT

FROM DECEMBER 31, 2004 THROUGH JUNE 30, 2014

							Additional
	Common Stock						Paid In			Donated
	Number of			Amount			Capital			Capital		Deficit			Total
	shares			$			$			$		$			$
Balance December 31, 2004		30,076,112			7,519			1,729,509			270,000		(2,064,981	)		(57,953	)
Issued for services at $0.26 per share		40,000			40			10,360			-		-			10,400
Issued for services at $0.50 per share		160,000			50			24,950			-		-			25,000
Issued for properties at $0.50 per share		200,000			600			299,400			-		-			300,000
Issued for properties at $1.45 per share		2,400,000			45			159,955			-		-			160,000
Issued for properties at $2.55 per share		180,000			350			899,650			-		-			900,000
Issued for cash at $0.50 per share		1,400,000			1,050			523,950			-		-			525,000
Finders fee paid		4,200,000			-			(25,000	)		-		-			(25,000	)
Donated capital		-			-			-			60,000		-			60,000
Net loss for the year		-			-			-			-		(247,792	)		(247,792	)
Balance, December 31, 2005		38,616,112			9,654			3,622,774			330,000		(2,312,773	)		1,649,655
Option exercised for cash at $1.00 per share		160,000			40			39,960			-		-			40,000
Issued for cash at $1.00		420,000			105			104,895			-		-			105,000
Donated capital		-			-			-			15,000		-			15,000
Net loss for the year		-			-			-			-		(252,278	)		(252,278	)
Balance December 31, 2006		39,196,112			9,799			3,767,629			345,000		(2,565,051	)		1,557,377
Issued for cash at $1.00		220,000			55			54,945			-		-			55,000
Finders fee paid		11,000			3			2,747			-		-			2,750
4 for 1 split on 16 April		-			-			-			-		-			-
Net loss for the year		-			-			-			-		(298,260	)		(298,260	)
Balance December 31, 2007		39,115,112			9,857			3,825,321			345,000		(2,863,311	)		1,316,867
Issued for cash at $0.20		225,000			225			44,775			-		-			45,000
Finders’ fee paid		11,250			11			2,239			-		-			2,250
Cancelled due to unsuccessful transfer of property rights		(3,940,000	)		(985	)		(1,323,460	)		-		-			(1,324,445	)
Net loss for the year		-			-			-			-		(513,977	)		(513,977	)
Balance December 31, 2008		35,411,362			9,108			2,548,875			345,000		(3,377,288	)		(474,305	)
Cancelled due to unsuccessful transfer of property rights		(40,000	)		(10	)		(35,545	)		-		-			(35,555	)
Net loss for the period		-			-			-			-		(114,528	)		(114,528	)
Balance December 31, 2009		35,371,362			9,098			2,513,330			345,000		(3,491,816	)		(624,388	)
Issued for services		350,000			350			52,150			-		-			52,500
Net loss for the period		-			-			-			-		(179,258	)		(179,258	)
Balance December 31, 2010		35,721,362			9,448			2,565,480			345,000		(3,671,074	)		(751,146	)
Net loss for the period		-			-			-			-		(32,957	)		(32,957	)
Issued for properties at $0.05 per share		500,000			500			24,500			-		-			25,000
Issued for properties at $0.245 per share		2,000,000			2,000			488,000			-		-			490,000
Issued for commission at $0.21 per share		200,000			200			41,800			-		-			42,000
Net comprehensive loss for the year		-			-			-			-		(244,512	)		(244,512	)
Balance December 31, 2011		38,421,362			12,148			3,119,780			345,000		(3,915,588	)		(438,659	)
Net comprehensive loss for the year													(190,792	)		(190,792	)
Balance December 31, 2012		38,421,362			12,148			3,119,780			345,000		(4,106,380	)		(629,452	)
Issued for debt settlement and services at $0.05 per share		3,500,000			3,500			171,500			-		-			175,000
Net comprehensive loss for the year		-			-			-			-		(810,995	)		(810,995	)
Balance December 31, 2013		41,921,362			15,648			3,291,280			345,000		(4,917,375	)		(1,265,447	)
Net comprehensive loss for the quarter		-			-			-			-		(25,830	)		(25,830	)
Balance March 31, 2014		41,921,362			15,648			3,291,280			345,000		(4,943,205	)		(1,291,277	)
Net comprehensive loss for the quarter		-			-			-			-		(27,662	)		(27,662	)
Balance June 30,2014		41,921,362			15,648			3,291,280			345,000		(4,970,867	)		(1,318,939	)

See accompanying notes to the financial statements

F-4

ASIA PROPERTIES, INC.

(A DEVELOPMENT STAGE COMPANY)

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE THREE MONTHS ENDED JUNE 30, 2014 AND 2013

	For The Three Months Ended June 30, 2014			For The Three Months Ended June 30, 2013
Cash flows used in operating activities
Net loss	$	(27,662	)	$	(26,833	)
Adjustments to reconcile net loss to net cash used in operating activities
Amortized property rights		-			-
Cancellation of shares issued for property rights		-			-
Deferred assets amortized		-			-
Depreciation		-			-
Donated management services		-			-
Gain on settlement of debt		-			-
Gain on disposal of subsidiary		-			-
Investments in mining claims acquired		-			-
Investment written off		-			-
Property rights written off		-			-
Shares issued for investments acquired		-			-
Shares issued for services received		-			-
Additional paid-in-capital realized on shares issued		-			-
Write down of investment to net realizable value		-			-
Write down of property and equipment		-			-
Changes in operating assets and liabilities
Increase/ (decrease) in short term loans		(134	)		(3,739	)
Increase/ (decrease) in due to related parties		27,296			29,473
(Decrease) Increase in accounts payable and accrued liabilities		750			960
Net cash used in operating activities	$	250		$	(140	)
Cash flow used in investing activities
Property rights acquired for resale		-			-
Increase in deferred assets		-			-
Purchase of property and equipment		-			-
Purchase of investment		-			-
Net cash used in investing activities		-			-
Cash flows from financing activities
Issuance of stock		-			-
Wells Fargo Business Line		(689	)		86
Payments made on long term loan		-			-
Advances from related party		-			-
Net cash provided by (used in) financing activities		(689	)		86
Net increase/ (decrease) in cash	$	(439	)	$	(54	)
Cash, beginning of period	$	988		$	525
Cash, end of period	$	549		$	471

See accompanying notes to the financial statements

F-5

ASIA PROPERTIES, INC.

(A DEVELOPMENT STAGE COMPANY)

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2014 AND 2013

	For the Six months ended June 30, 2014			For the Six months ended June 30, 2013			Cumulative for the Period from April 6, 1998 (Inception) through June 30, 2014
Cash flows used in operating activities
Net loss	$	(53,492	)		(59,941	)	$	(4,970,867	)
Adjustments to reconcile net loss to net cash used in operating activities
Amortized property rights		-			-			97,310
Cancellation of shares issued for property rights		-			-			(1,360,000	)
Deferred assets amortized		-			-			12,507
Depreciation		-			-			12,599
Donated management services		-			-			345,000
Gain on settlement of debt		-			-			(178,307	)
Gain on disposal of subsidiary		-			-			-
Write-off of investments in mining claims		-			-			525,000
Investment written off		-			-			20,000
Property rights written off		-			-			1,637,900
Shares issued for investments acquired		-			-			2,500
Shares issued for services received		-			-			928,326
Additional paid-in-capital realized on shares issued		-			-			606,450
Write down of investment to net realizable value		-			-			37,400
Write down of property and equipment		-			-			7,639
Changes in operating assets and liabilities
Increase/ (decrease) in short term loans		(2,765	)		(12,975	)		(11,599	)
Increase/ (decrease) in due to related parties		49,881			65,979			1,416,703
Increase in payables and accruals		1,900			4,093			484,248
Net cash used in operating activities		(4,476	)		(2,394	)		(387,191	)
Cash flow used in investing activities
Property rights acquired for resale		-			-			(375,209	)
Increase in deferred assets		-			-			(12,507	)
Purchase of property and equipment		-			-			(20,238	)
Purchase of investment		-			-			(20,000	)
Investment in mining claims acquired		-			-			(652,000	)
Net cash used in investment activities		-			-			(1,079,954	)
Cash flows from financing activities
Issuance of stock		-			-			1,406,600
Wells Fargo Business Line		(450	)		(27	)		8,109
Payments made on long term loan		-			(2,045	)		52,985
Net cash used in financing activities		(450	)		1,062			1,467,694
Net increase/ (decrease) in cash	$	(4,926	)	$	(9,135	)		549
Cash, beginning of period	$	5,475		$	10,175			-
Cash, end of period	$	549		$	1,040			549

See accompanying notes to the financial statements

F-6

Asia Properties, Inc.

Notes to the Financial Statements

June 30, 2014 (Unaudited)

1. Basis of Presentation

The accompanying unaudited interim consolidated financial statements of Asia Properties, Inc. (the “Company” or “Asia Properties”), have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in Asia Properties’ Annual Report filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for fiscal 2013 as reported in the form 10-K have been omitted.

Principles of Consolidation

The consolidated financial statements include the accounts of Asia Properties Inc. and its 100% owned subsidiary, Asia Properties (HK) Limited that was registered in Hong Kong on November 7, 2007, after elimination of all significant inter-company accounts and transactions.

2. Going Concern

Planned principal activities have begun but Asia Properties has not generated significant revenues to date. The Company had a net loss of $53,492 and had a negative working capital ($1,318,939) and stockholders’ deficit of $1,318,939 at June 30, 2014. These matters raise substantial doubt about Asia Properties’ ability to continue as a going concern. Continuation of Asia Properties’ existence depends upon its ability to obtain additional capital. Management’s plans in regards to this matter include receiving continued financial support from directors and raising additional equity financing in 2013. These financial statements do not include any adjustments that might result from the outcome of this uncertainty.

3. Short-term Loan

In February 2008, the Company secured financing from Capital One in the amount of $100,000. The loan requires the Company to repay $1,739 on a monthly basis. Interest is charged at the annual prime rate plus 3.25%. As of June 30, 2014, the Capital One Loan has been paid in full (2013 - $2,765). The short term loan is secured personally by the sole director and officer of the Company.

4. Due to related party

During the quarter ended June 30, 2014, the Company accrued management fees of $15,000 (2013 - $15,000) to the Chief Executive Officer (“CEO”) and sole director of the Company. As of June 30, 2014, the Company owed its CEO $1,222,160 (2013 - $1,172,279) for expense reimbursements and accrued management fees, which are reflected as due to related party on the balance sheet. These advances are unsecured, non-interest bearing and payable upon demand.

5. Line of Credit

In February 2007, the Company was approved for a revolving credit facility at Wells Fargo for a maximum business line amount of $50,000. Interest is charged at 12.75% annually. As at June 30, 2014, the balance amounted to $48,889 (2013 - $49,340). The line of credit is secured personally by the sole director and officer of the Company.

F-7

Asia Properties, Inc.

Notes to the Financial Statements

June 30, 2014 (Unaudited)

6. Notes Payable

The Company issued demand promissory notes to two individuals during 2011 and 2012. The original principal of $16,000 is payable upon demand. Interest is accrued at 2% per month. During the year ended December 31, 2013, $3,500 of the demand promissory notes were transferred to an arm’s length party and settled by the issuance of common stock. See Note 7(a). As at June 30, 2014, notes payable due was $12,500 (2013 - $12,500).

7. Common Stock

The following table summarizes common stock issuances for the years ended as of December 31, 2012 and 2013, and to the period ended June 30, 2014:

		Number of Shares		Common Stock Amount
Balance as of December 31, 2012			38,421,362	$	12,148
Issued 3,500,000 shares for the settlement of debt and services	a		3,500,000		3,500
Balance as of December 31, 2013 and June 30, 2014			41,921,362	$	15,648

a) On September 26, 2013, the Company issued 3,500,000 shares valued at $175,000, based on the current market price of $0.05, to settle a debt of $3,500 (See Note 7) and for consulting fees of $171,500, which have been charged to the consolidated statement of comprehensive loss.

8. Commitments and Contingencies

The Company has a monthly office rental of $77 in Hong Kong.

The Company rents an office in Bellingham, Washington which costs $100 per month on a month to month basis.

9. Subsequent Events

On August 25, 2014, the Company issued 408,000 common shares to settle a debt of $20,400 which included promissory notes of $14,000 plus accrued interest of $6,400.

On August 27, 2014, the Company issued 500,000 common shares in lieu of services rendered.

On December 29, 2014, the Company issued 370,000 restricted common shares in settlement of $18,500 of debt.

On January 1, 2015, the Company issued 6,800,000 restricted common shares to settle $340,000 of debt owed to the director and officer of the Company.

On January 1, 2015, the Company issued 200,000 restricted common shares for services rendered.

On January 6, 2015, the Company entered into a Purchase and Sale Agreement (“PSA”) to acquire 100% of the shares of Asia Innovation Technology Limited (“AITL”). Pursuant to the PSA, the Company will issue 950-million restricted common shares of the Company to AITL. Please see January 6, 2015 8K filing for addition details.

F-8

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operation.

Asia Properties, Inc. was established to seek opportunities to invest in real estate and develop resorts in South East Asia. The Company has in July, 2011 restructured itself into a junior mining exploration company

At the moment, it intends to deploy Asian based capital to develop and acquire mining assets in North America and other favorable mining jurisdictions.

The Company is not highly leveraged and expects to be able to capitalize on suitable possibilities when identified.

Limited Operating History; Need for Additional Capital

There is no historical financial information about us upon which to base an evaluation of our performance. We have no revenue generating assets. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and possible cost overruns due to price and cost increases in services.

We will require additional financing to cover our costs that we expect to incur over the next twelve months. We believe that debt financing will not be an alternative for funding our operations as we do not have tangible assets to secure any debt financing. We anticipate that additional funding will be in the form of equity financing from the sale of our common stock. However, we cannot provide any assurance that we will be able to raise sufficient funding from the sale of our common stock to fund our plan of operations. In the absence of such financing, we will not be able to continue and our business plan will fail.

Results of Operations

Revenues

We have not generated any revenues from our operations during the three-month period ended June 30, 2014 or during last two years.

Expenses

We incurred general and administrative expenses of $4,718 for the three-month period ended June 30, 2014 (2013 - $9,271) a decrease of $4,552 or 49%.

Our management fees remained the same at $15,000 for the three-months ended June 30, 2014 as for last year.

We incur professional fees of $7,944 during the three month ended June 30, 2014 (2013 - $868).

We did not incur consulting fees for the three month ended June 30, 2014 (2013-$1,694).

Liquidity and Capital Resources

As at June 30, 2014, we had cash of $549 (2013 - $5,475).

Cash Used in Operating Activities

Net cash used in operating activities was $249, for the three month period ended June 30, 2014 (2013 - $140).

Cash Used in Investing Activities

We did not incur any investment costs in the three-month period ended June 30, 2014 or June 30, 2012. Net cash used in investing activities was $197,046 for the period from April 6, 1998 (inception) to June 30, 2014.

4

Cash from Financing Activities

For the three month period ended June 30, 2014, the Company used $689 (2013 - $0) in financing activities. In the six month period ended June 30, 2014, the Company paid $451 (2013 - $27 in repayments) in financing activities. We have funded our business to date primarily from sales of our common stock but did not issue any common stock during the six month period ended June 30, 2014. There is no assurance that we will be able to achieve further sales of our common stock or any other form of additional financing.

Going Concern

We are a development stage company. In a development stage company, management devotes most of its activities to developing a market for its products and services. Planned principal activities have begun, but we have not generated revenues to date.

Future Financing

We anticipate continuing to rely on equity sales of our common stock in order to continue to fund our business operations. Issuances of additional shares will result in dilution to our existing shareholders. There is no assurance that we will achieve any additional sales of our equity securities or arrange for debt or other financing to fund our planned operations.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

Not applicable.

Item 4. Controls and Procedures.

Disclosure Controls and Procedures

We maintain disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934, as amended) that are designed to ensure that information required to be disclosed by us in reports we file or submit under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms and that such information is accumulated and communicated to management, including the our Chief Executive Officer (as our chief executive officer and chief financial officer), to allow timely decisions regarding required disclosures. In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management necessarily is required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures. As of the end of the period covered by this report, and under the supervision and with the participation of management, including our Chief Executive Officer, who is responsible for establishing and maintaining adequate internal control over financial reporting as such term is defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act, such persons conducted an evaluation of the effectiveness of the design and operation of these disclosure controls and procedures. Based on this evaluation and subject to the foregoing, our Chief Executive Officer concluded that these controls are not effective because there are material weaknesses in our internal controls over financial reporting. A material weakness is a deficiency, or a combination of control deficiencies, in internal control over reporting such that there is a reasonable possibility that that a material misstatement our annual or interim financial statements will not be prevented or detected on a timely basis.

Changes in Internal Control Over Financial Reporting

During the period covered by this report, there have not been any changes in our internal controls that have materially affected or are reasonably likely to materially affect, the our internal control over financial reporting. However, please note the discussion above.

5

PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

We are not presently a party to any legal proceedings and, to our knowledge, no such proceedings are threatened or pending.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

No stock was sold for valuable consideration during the six months ended June 30, 2014.

Item 3. Defaults Upon Senior Securities.

None.

Item 4. Submission of Matters to a Vote of Security Holders.

No matters were submitted to our security holders for a vote during the six months ended June 30, 2014.

Item 5. Other Information.

None.

Item 6. Exhibits.

The following exhibits are attached hereto:

Exhibit No.	Description of Exhibit
31.1	Certification of principal Executive Officer pursuant to Rule 13a-15(e) and 15d-15(e), promulgated under the Securities and Exchange Act of 1934, as amended, filed herewith
31.2	Certification of principal Financial Officer pursuant to Rule 13a-15(e) and 15d-15(e), promulgated under the Securities and Exchange Act of 1934, as amended, filed herewith
32.1	Certification of principal Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, filed herewith
32.2	Certification of principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, filed herewith
101.INS	XBRL Instance Document*
101.SCH	XBRL Taxonomy Extension Schema Document*
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document*
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document*
101.LAB	XBRL Taxonomy Extension Label Linkbase Document*
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document*

* Filed herewith.

6

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

ASIA PROPERTIES, INC.

By:	/s/ Daniel McKinney
	Daniel Mckinney
	Chief Executive Officer
	(Principal Executive Officer and Principal Financial Officer)

Date: January 14, 2015

7

EX-31.1

Exhibit 31.1

CERTIFICATION PURSUANT TO SECTION 302

OF THE SARBANES-OXLEY ACT OF 2002

I, Daniel Mckinney, Principal Executive Officer, certify that:

(1)	I have reviewed this report on Form 10-Q for the quarterly period ended June 30, 2014 of Asia Properties, 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 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 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 the internal control over financial reporting, to the registrant’s auditors and the audit committee of 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 control 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: January 14, 2015

/s/ Daniel Mckinney

Daniel Mckinney

Principal Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION

I, Daniel Mckinney, Principal Financial Officer, certify that:

(1)	I have reviewed this report on Form 10-Q for the quarterly period ended June 30, 2014 of Asia Properties, 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 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

(5) The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of the internal control over financial reporting, to the registrant’s auditors and the audit committee of 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 control 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: January 14, 2015

/s/ Daniel Mckinney

Daniel Mckinney

Principal Executive 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

The undersigned, Daniel Mckinney, the Principal Executive Officer of Asia Properties, Inc. hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to their knowledge, the report on Form 10-Q of Asia Properties, Inc., for the quarterly period ended June 30, 2014, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, and that the information contained in the report on Form 10-Q fairly presents in all material respects the financial condition and results of operations of Asia Properties, Inc..

Date: January 14, 2015

/s/ Daniel Mckinney

Daniel Mckinney

Principal Executive Officer

EX-32.2

Exhibit 32.2

Certification of Chief Financial Officer

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of Asia Properties, Inc. (the “Company”) on Form 10-Q for the period ending June 30, 2014 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Daniel Mckinney, Principal Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 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.

Date: January 14, 2015

/s/ Daniel Mckinney

Daniel Mckinney

Principal Executive Officer

XML

Common Stock - Summary of Common Stock Issuance (Details) (USD $)	12 Months Ended
	Dec. 31, 2013		Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008	Dec. 31, 2007	Dec. 31, 2006	Dec. 31, 2005	Dec. 31, 2004
Balance	$ (629,452)		$ (1,318,939)	$ (1,291,277)	$ (438,659)	$ (751,146)	$ (624,388)	$ (474,305)	$ 1,316,867	$ 1,557,377	$ 1,649,655	$ (57,953)
Issued 3,500,000 shares for the settlement of debt and services	175,000
Balance, shares	41,921,362		41,921,362
Balance	(1,265,447)		(1,318,939)	(1,291,277)	(438,659)	(751,146)	(624,388)	(474,305)	1,316,867	1,557,377	1,649,655	(57,953)
Common Stock [Member]
Balance, shares	38,421,362		41,921,362	41,921,362	38,421,362	35,721,362	35,371,362	35,411,362	39,115,112	39,196,112	38,616,112	30,076,112
Balance	12,148		15,648	15,648	12,148	9,448	9,098	9,108	9,857	9,799	9,654	7,519
Issued 3,500,000 shares for the settlement of debt and services, shares	3,500,000	[1]
Issued 3,500,000 shares for the settlement of debt and services	3,500	[1]
Balance, shares	41,921,362		41,921,362
Balance	$ 15,648		$ 15,648	$ 15,648	$ 12,148	$ 9,448	$ 9,098	$ 9,108	$ 9,857	$ 9,799	$ 9,654	$ 7,519

[1] a)On September 26, 2013, the Company issued 3,500,000 shares valued at $175,000, based on the current market price of $0.05, to settle a debt of $3,500 (See Note 7) and for consulting fees of $171,500, which have been charged to the consolidated statement of comprehensive loss.

XML

Going Concern

6 Months Ended

Jun. 30, 2014

Going Concern

Going Concern

2. Going Concern

Planned principal activities have begun but Asia Properties has not generated significant revenues to date. The Company had a net loss of $53,492 and had a negative working capital ($1,318,939) and stockholders’ deficit of $1,318,939 at June 30, 2014. These matters raise substantial doubt about Asia Properties’ ability to continue as a going concern. Continuation of Asia Properties’ existence depends upon its ability to obtain additional capital. Management’s plans in regards to this matter include receiving continued financial support from directors and raising additional equity financing in 2013. These financial statements do not include any adjustments that might result from the outcome of this uncertainty.

XML

Subsequent Events (Details Narrative) (USD $)	0 Months Ended	3 Months Ended		6 Months Ended		195 Months Ended	0 Months Ended
	Sep. 26, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jan. 01, 2015	Dec. 29, 2014	Aug. 27, 2014	Aug. 25, 2014	Jan. 06, 2015	Dec. 31, 2013
Issuance of common stock, shares	3,500,000
Proceeds from issuance of common stock to settle a debt	$ 3,500					$ 1,406,600
Promissory notes		12,500		12,500		12,500						12,500
Subsequent Event [Member]
Issuance of common stock, shares										408,000
Proceeds from issuance of common stock to settle a debt										20,400
Promissory notes										14,000
Accrued interest										6,400
Issuance of common stock shares for service									500,000
Restricted common shares in settlement, Shares								370,000
Restricted common shares in settlement								18,500
Issuance of restricted common shares for services, Shares							200,000
Subsequent Event [Member] | Asia Innovation Technology Limited [Member]
Percentage of acquisition											100.00%
Restricted common shares of acquisition, Shares											950,000,000
Subsequent Event [Member] | Director and Officer [Member]
Restricted common shares in settlement, Shares							6,800,000
Restricted common shares in settlement							340,000

XML

Basis of Presentation

6 Months Ended

Jun. 30, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

1. Basis of Presentation

The accompanying unaudited interim consolidated financial statements of Asia Properties, Inc. (the “Company” or “Asia Properties”), have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in Asia Properties’ Annual Report filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for fiscal 2013 as reported in the form 10-K have been omitted.

Principles of Consolidation

The consolidated financial statements include the accounts of Asia Properties Inc. and its 100% owned subsidiary, Asia Properties (HK) Limited that was registered in Hong Kong on November 7, 2007, after elimination of all significant inter-company accounts and transactions.

XML

Consolidated Balance Sheets (USD $)	Jun. 30, 2014	Dec. 31, 2013
Current
Cash and cash equivalents	$ 549	$ 5,475
Total Current Assets	549	5,475
Total Assets	549	5,475
Current liabilities
Accounts payables and accrued liabilities	35,939	34,038
Notes payable (note 6)	12,500	12,500
Line of Credit (note 5)	48,889	49,340
Short Term Loans (note 3)		2,765
Due to Related Party (note 4)	1,222,160	1,172,279
Total Current liabilities	1,319,488	1,270,922
Stockholders' Deficit
Common stock, $0.001 par value, 1,000,000,000 shares authorized 41,921,362 issued and outstanding at June 30, 2014 and December 31, 2013	15,648	15,648
Additional paid in capital	3,291,280	3,291,280
Donated Capital	345,000	345,000
Deficit accumulated during the development stage	(4,970,867)	(4,917,375)
Total stockholders' deficit	(1,318,939)	(1,265,447)
Total liabilities and stockholders' deficit	$ 549	$ 5,475

XML

Statements of Stockholders' Deficit (Unaudited) (Parenthetical) (USD $)	0 Months Ended	12 Months Ended
	Apr. 16, 2007	Dec. 31, 2013	Dec. 31, 2011	Dec. 31, 2008	Dec. 31, 2007	Dec. 31, 2006	Dec. 31, 2005
Statement of Stockholders' Equity [Abstract]
Common stock issued for services, price per share							$ 0.26
Common stock issued for services, price per share							$ 0.50
Common stock issued for properties, price per share			$ 0.05				$ 0.50
Common stock issued for properties, price per share			$ 0.245				$ 1.45
Common stock issued for properties, price per share							$ 2.55
Common stock issued for commission, price per share			$ 0.21
Common stock issued for cash, price per share				$ 0.20	$ 1.00	$ 1.00	$ 0.50
Option exercised for cash, price per share						$ 1.00
Equity, stock split	4 for 1 split
Common stock issued for debt settlement and services, price per share		$ 0.05

XML

Line of Credit (Details Narrative) (USD $)	1 Months Ended
	Feb. 28, 2007	Jun. 30, 2014	Dec. 31, 2013
Debt Disclosure [Abstract]
Proceeds from line of credit	$ 50,000
Interest rate	12.75%
Line of credit		$ 48,889	$ 49,340

XML

Common Stock (Details Narrative) (USD $)	0 Months Ended	3 Months Ended		6 Months Ended		195 Months Ended
	Sep. 26, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014
Equity [Abstract]
Issuance of common stock, shares	3,500,000
Issuance of common stock	$ 175,000
Market price per share	$ 0.05
Proceeds from issuance of common stock to settle a debt	3,500					1,406,600
Consulting fees	$ 171,500		$ 1,694		$ 1,694	$ 386,261

XML

Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended		6 Months Ended		195 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014
Cash flows used in operating activities
Net loss	$ (27,662)	$ (26,833)	$ (53,492)	$ (59,940)	$ (4,970,867)
Adjustments to reconcile net loss to net cash used in operating activities
Amortized property rights					97,310
Cancellation of shares issued for property rights					(1,360,000)
Deferred assets amortized					12,507
Depreciation					12,599
Donated management services					345,000
Gain on settlement of debt					(178,307)
Gain on disposal of subsidiary
Write-off of investments in mining claims					525,000
Investments in mining claims acquired
Investment written off					20,000
Property rights written off					1,637,900
Shares issued for investments acquired					2,500
Shares issued for services received					928,326
Additional paid-in-capital realized on shares issued					606,450
Write down of investment to net realizable value					37,400
Write down of property and equipment					7,639
Changes in operating assets and liabilities
Increase/ (decrease) in short term loans	(134)	(3,739)	(2,765)	(12,975)	(11,599)
Increase/ (decrease) in due to related parties	27,296	29,473	49,881	65,979	1,416,703
Increase in payables and accruals	750	960	1,900	4,093	484,248
Net cash used in operating activities	250	(140)	(4,476)	(2,394)	(387,191)
Cash flow used in investing activities
Property rights acquired for resale					(375,209)
Increase in deferred assets					(12,507)
Purchase of property and equipment					(20,238)
Purchase of investment					(20,000)
Investment in mining claims acquired					(652,000)
Net cash used in investing activities	0	0	0	0	(1,079,954)
Cash flows from financing activities
Issuance of stock					1,406,600
Wells Fargo Business Line	(689)	86	(450)	(27)	8,109
Payments made on long term loan				(2,045)	52,985
Advances from related party
Net cash provided by (used in) financing activities	(689)	86	(450)	1,062	1,467,694
Net increase/ (decrease) in cash	(439)	(54)	(4,926)	(9,135)	549
Cash, beginning of period	988	525	5,475	10,175
Cash, end of period	$ 549	$ 1,040	$ 549	$ 1,040	$ 549

XML

Consolidated Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	41,921,362	41,921,362
Common stock, shares outstanding	41,921,362	41,921,362

XML

Common Stock (Tables)

6 Months Ended

Jun. 30, 2014

Equity [Abstract]

Summary of Common Stock Issuances

The following table summarizes common stock issuances for the years ended as of December 31, 2012 and 2013, and to the period ended June 30, 2014:

		Number of Shares		Common Stock Amount
Balance as of December 31, 2012			38,421,362	$	12,148
Issued 3,500,000 shares for the settlement of debt and services	a		3,500,000		3,500
Balance as of December 31, 2013 and June 30, 2014			41,921,362	$	15,648

a) On September 26, 2013, the Company issued 3,500,000 shares valued at $175,000, based on the current market price of $0.05, to settle a debt of $3,500 (See Note 7) and for consulting fees of $171,500, which have been charged to the consolidated statement of comprehensive loss.

XML

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Jan. 08, 2014
Document And Entity Information
Entity Registrant Name	ASIA PROPERTIES INC
Entity Central Index Key	0001070789
Document Type	10-Q
Document Period End Date	Jun. 30, 2014
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		50,199,362
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2014

XML

Basis of Presentation (Details Narrative) (Hong Kong [Member])	Nov. 07, 2007
Hong Kong [Member]
Percentage of owned subsidiary	100.00%

XML

Consolidated Statements of Comprehensive Loss (Unaudited) (USD $)	3 Months Ended		6 Months Ended		195 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014
Income Statement [Abstract]
Revenue					$ (46,432)
Operating expenses
General and administrative expenses	4,718	9,271	10,929	24,966	1,954,571
Commission Expenses					42,000
Management fees	15,000	15,000	30,000	30,000	1,373,614
Professional fees	7,944	868	12,563	2,830	844,666
Consulting fees		1,694		1,694	386,261
Total operating expenses	27,662	26,833	53,492	59,940	4,601,112
Loss from operations	(27,662)	(26,833)	(53,492)	(59,940)	(4,647,544)
Interest income					3,294
Gain on disposal of subsidiary					27,120
Gain on settlement of debt					178,307
Income taxes recovered					595
Write-off of investments in mining claims					(525,000)
Write-down of property and equipment					(7,639)
Net comprehensive loss	$ (27,662)	$ (26,833)	$ (53,492)	$ (59,940)	$ (4,970,867)
Weighted average number of shares outstanding -basic and diluted			41,921,362	38,421,362
Basic and diluted loss per share			$ (0.0012)	$ (0.0015)

XML

Line of Credit

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Line of Credit

5. Line of Credit

In February 2007, the Company was approved for a revolving credit facility at Wells Fargo for a maximum business line amount of $50,000. Interest is charged at 12.75% annually. As at June 30, 2014, the balance amounted to $48,889 (2013 - $49,340). The line of credit is secured personally by the sole director and officer of the Company.

XML

Due to Related Party

6 Months Ended

Jun. 30, 2014

Related Party Transactions [Abstract]

Due to Related Party

4. Due to related party

During the quarter ended June 30, 2014, the Company accrued management fees of $15,000 (2013 - $15,000) to the Chief Executive Officer (“CEO”) and sole director of the Company. As of June 30, 2014, the Company owed its CEO $1,222,160 (2013 - $1,172,279) for expense reimbursements and accrued management fees, which are reflected as due to related party on the balance sheet. These advances are unsecured, non-interest bearing and payable upon demand.

XML

Notes Payable (Details Narrative) (USD $)	0 Months Ended	3 Months Ended		6 Months Ended		195 Months Ended	12 Months Ended
	Sep. 26, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Notes payable principal amount		$ 12,500		$ 12,500		$ 12,500	$ 12,500	$ 16,000	$ 16,000
Proceeds from issuance of common stock to settlement	3,500					1,406,600
Demand Promissory Notes Two [Member]
Accrued interest rate									2.00%
Demand Promissory Notes One [Member]
Accrued interest rate								2.00%
Demand Promissory Notes [Member]
Proceeds from issuance of common stock to settlement							$ 3,500

XML

Going Concern (Details Narrative) (USD $)	3 Months Ended			6 Months Ended		12 Months Ended									195 Months Ended
	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008	Dec. 31, 2007	Dec. 31, 2006	Dec. 31, 2005	Jun. 30, 2014	Dec. 31, 2004
Going Concern
Net loss	$ (27,662)	$ (25,830)	$ (26,833)	$ (53,492)	$ (59,940)	$ (810,995)	$ (190,792)	$ (244,512)	$ (179,258)	$ (114,528)	$ (513,977)	$ (298,260)	$ (252,278)	$ (247,792)	$ (4,970,867)
Negative working capital	(1,318,939)			(1,318,939)											(1,318,939)
Stockholder's deficit	$ (1,318,939)	$ (1,291,277)		$ (1,318,939)		$ (1,265,447)	$ (629,452)	$ (438,659)	$ (751,146)	$ (624,388)	$ (474,305)	$ 1,316,867	$ 1,557,377	$ 1,649,655	$ (1,318,939)	$ (57,953)

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

8. Commitments and Contingencies

The Company has a monthly office rental of $77 in Hong Kong.

The Company rents an office in Bellingham, Washington which costs $100 per month on a month to month basis.

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Notes Payable

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Notes Payable

6. Notes Payable

The Company issued demand promissory notes to two individuals during 2011 and 2012. The original principal of $16,000 is payable upon demand. Interest is accrued at 2% per month. During the year ended December 31, 2013, $3,500 of the demand promissory notes were transferred to an arm’s length party and settled by the issuance of common stock. See Note 7(a). As at June 30, 2014, notes payable due was $12,500 (2013 - $12,500).

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Common Stock

6 Months Ended

Jun. 30, 2014

Equity [Abstract]

Common Stock

7. Common Stock

The following table summarizes common stock issuances for the years ended as of December 31, 2012 and 2013, and to the period ended June 30, 2014:

		Number of Shares		Common Stock Amount
Balance as of December 31, 2012			38,421,362	$	12,148
Issued 3,500,000 shares for the settlement of debt and services	a		3,500,000		3,500
Balance as of December 31, 2013 and June 30, 2014			41,921,362	$	15,648

a) On September 26, 2013, the Company issued 3,500,000 shares valued at $175,000, based on the current market price of $0.05, to settle a debt of $3,500 (See Note 7) and for consulting fees of $171,500, which have been charged to the consolidated statement of comprehensive loss.

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Subsequent Events

6 Months Ended

Jun. 30, 2014

Subsequent Events [Abstract]

Subsequent Events

9. Subsequent Events

On August 25, 2014, the Company issued 408,000 common shares to settle a debt of $20,400 which included promissory notes of $14,000 plus accrued interest of $6,400.

On August 27, 2014, the Company issued 500,000 common shares in lieu of services rendered.

On December 29, 2014, the Company issued 370,000 restricted common shares in settlement of $18,500 of debt.

On January 1, 2015, the Company issued 6,800,000 restricted common shares to settle $340,000 of debt owed to the director and officer of the Company.

On January 1, 2015, the Company issued 200,000 restricted common shares for services rendered.

On January 6, 2015, the Company entered into a Purchase and Sale Agreement (“PSA”) to acquire 100% of the shares of Asia Innovation Technology Limited (“AITL”). Pursuant to the PSA, the Company will issue 950-million restricted common shares of the Company to AITL. Please see January 6, 2015 8K filing for addition details.

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Due to Related Party (Details Narrative) (USD $)	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Amount due to related party (CEO)	$ 1,222,160	$ 1,172,279
Chief Executive Officer [Member]
Accrued management fees to Chief Executive Officer per year	15,000		15,000
Amount due to related party (CEO)	$ 1,222,160	$ 1,172,279

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Common Stock - Summary of Common Stock Issuance (Details) (Parenthetical) (Common Stock [Member])	6 Months Ended
	Jun. 30, 2014
Common Stock [Member]
Issued for debt settlement and services at per share, shares	3,500,000

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Statements of Stockholders' Deficit (Unaudited) (USD $)		Common Stock [Member]		Additional Paid In Capital [Member]	Donated Capital [Member]	Deficit [Member]	Total
Balance at Dec. 31, 2004		$ 7,519		$ 1,729,509	$ 270,000	$ (2,064,981)	$ (57,953)
Balance, shares at Dec. 31, 2004		30,076,112
Issued for services		40		10,360			10,400
Issued for services, shares		40,000
Issued for services		50		24,950			25,000
Issued for services, shares		160,000
Issued for properties		600		299,400			300,000
Issued for properties, shares		200,000
Issued for properties		45		159,955			160,000
Issued for properties, shares		2,400,000
Issued for properties		350		899,650			900,000
Issued for properties, shares		180,000
Issued for cash		1,050		523,950			525,000
Issued for cash, shares		1,400,000
Finders fee paid				(25,000)			(25,000)
Finders fee paid, shares		4,200,000
Donated capital					60,000		60,000
Net comprehensive loss for the year						(247,792)	(247,792)
Balance at Dec. 31, 2005		9,654		3,622,774	330,000	(2,312,773)	1,649,655
Balance, shares at Dec. 31, 2005		38,616,112
Option exercised for cash at $1.00 per share		40		39,960			40,000
Option exercised for cash at $1.00 per share, shares		160,000
Issued for cash		105		104,895			105,000
Issued for cash, shares		420,000
Donated capital					15,000		15,000
Net comprehensive loss for the year						(252,278)	(252,278)
Balance at Dec. 31, 2006		9,799		3,767,629	345,000	(2,565,051)	1,557,377
Balance, shares at Dec. 31, 2006		39,196,112
Issued for cash		55		54,945			55,000
Issued for cash, shares		220,000
Finders fee paid		3		2,747			2,750
Finders fee paid, shares		11,000
4 for 1 split on 16 April, shares
Net comprehensive loss for the year						(298,260)	(298,260)
Balance at Dec. 31, 2007		9,857		3,825,321	345,000	(2,863,311)	1,316,867
Balance, shares at Dec. 31, 2007		39,115,112
Issued for cash		225		44,775			45,000
Issued for cash, shares		225,000
Finders fee paid		11		2,239			2,250
Finders fee paid, shares		11,250
Cancelled due to unsuccessful transfer of property rights		(985)		(1,323,460)			(1,324,445)
Cancelled due to unsuccessful transfer of property rights, shares		(3,940,000)
Net comprehensive loss for the year						(513,977)	(513,977)
Balance at Dec. 31, 2008		9,108		2,548,875	345,000	(3,377,288)	(474,305)
Balance, shares at Dec. 31, 2008		35,411,362
Cancelled due to unsuccessful transfer of property rights		(10)		(35,545)			(35,555)
Cancelled due to unsuccessful transfer of property rights, shares		(40,000)
Net comprehensive loss for the year						(114,528)	(114,528)
Balance at Dec. 31, 2009		9,098		2,513,330	345,000	(3,491,816)	(624,388)
Balance, shares at Dec. 31, 2009		35,371,362
Issued for services		350		52,150			52,500
Issued for services, shares		350,000
Net comprehensive loss for the year						(179,258)	(179,258)
Balance at Dec. 31, 2010		9,448		2,565,480	345,000	(3,671,074)	(751,146)
Balance, shares at Dec. 31, 2010		35,721,362
Issued for properties		500		24,500			25,000
Issued for properties, shares		500,000
Issued for properties		2,000		488,000			490,000
Issued for properties, shares		2,000,000
Issued for commission		200		41,800			42,000
Issued for commission, shares		200,000
Net loss for the period						(32,957)	(32,957)
Net comprehensive loss for the year						(244,512)	(244,512)
Balance at Dec. 31, 2011		12,148		3,119,780	345,000	(3,915,588)	(438,659)
Balance, shares at Dec. 31, 2011		38,421,362
Net comprehensive loss for the year						(190,792)	(190,792)
Balance at Dec. 31, 2012		12,148		3,119,780	345,000	(4,106,380)	(629,452)
Balance, shares at Dec. 31, 2012		38,421,362
Issued for debt settlement and services at $0.05 per share		3,500	[1]	171,500			175,000
Issued for debt settlement and services at $0.05 per share, share	[1]	3,500,000
Net comprehensive loss for the year						(810,995)	(810,995)
Balance at Dec. 31, 2013		15,648		3,291,280	345,000	(4,917,375)	(1,265,447)
Balance, shares at Dec. 31, 2013		41,921,362
Net comprehensive loss for the year						(25,830)	(25,830)
Balance at Mar. 31, 2014		15,648		3,291,280	345,000	(4,943,205)	(1,291,277)
Balance, shares at Mar. 31, 2014		41,921,362
Net comprehensive loss for the year						(27,662)	(27,662)
Balance at Jun. 30, 2014		$ 15,648		$ 3,291,280	$ 345,000	$ (4,970,867)	$ (1,318,939)
Balance, shares at Jun. 30, 2014		41,921,362

[1] a)On September 26, 2013, the Company issued 3,500,000 shares valued at $175,000, based on the current market price of $0.05, to settle a debt of $3,500 (See Note 7) and for consulting fees of $171,500, which have been charged to the consolidated statement of comprehensive loss.

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Short-Term Loan

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Short-Term Loan

3. Short-term Loan

In February 2008, the Company secured financing from Capital One in the amount of $100,000. The loan requires the Company to repay $1,739 on a monthly basis. Interest is charged at the annual prime rate plus 3.25%. As of June 30, 2014, the Capital One Loan has been paid in full (2013 - $2,765). The short term loan is secured personally by the sole director and officer of the Company.

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Commitments and Contingencies (Details Narrative) (USD $)	6 Months Ended
	Jun. 30, 2014
Hong Kong [Member]
Monthly rental	$ 77
Office in Bellingham Washington [Member]
Monthly rental	$ 100

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Short Term Loan (Details Narrative) (USD $)	1 Months Ended
	Feb. 28, 2008	Jun. 30, 2014	Dec. 31, 2013	Feb. 28, 2014
Proceeds from shot term loan	$ 100,000
Repayment of loan	1,739
Capital one loan			$ 2,765
Prime Rate [Member]
Interest rate				3.25%