10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q/A

Amendment No. 1

[X]

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

For the quarterly period ended December 31, 2013

[  ]

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from __________ to ___________

Commission File Number: 000-54306

RANGEFORD RESOURCES, INC.

(Exact name of registrant as specified in its charter)

Nevada	77-1176182
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

556 Silicon Drive, Suite 103, Southlake, TX 76092

(Address of principal executive offices)

817-648-8062

(Registrant's Telephone number)

____________________________________________________

(Former Address and phone of principal executive offices)

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 the filing requirements for the past 90 days. [  ] Yes [X] No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 for Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). [  ] Yes [X] No

1

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company:

Large accelerated filer	[  ]	Accelerated filer	[  ]
Non-accelerated filer	[  ]	Smaller reporting company	[X]

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

As of May 27, 2014, there were 19,843,385 shares of the registrant’s common stock issued and outstanding.

2

Explanatory Note

Rangeford Resources, Inc. (the “Company”) is filing this Amendment No. 1 on Form 10-Q (the “Amendment”) to the Company’s quarterly report on Form 10-Q for the period ended December 31, 2013 (the “Form 10-Q”), filed with the Securities and Exchange Commission on June 4, 2014 (the “Original Filing Date”), solely to furnish Exhibit 101 to the Form 10-Q in accordance with Rule 405 of Regulation S-T. Exhibit 101 consists of the following materials from the Company’s Form 10-Q, formatted in XBRL (eXtensible Business Reporting Language):

101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Schema
101.CAL	XBRL Taxonomy Calculation Linkbase
101.DEF	XBRL Taxonomy Definition Linkbase
101.LAB	XBRL Taxonomy Label Linkbase
101.PRE	XBRL Taxonomy Presentation Linkbase

No other changes have been made to the Form 10-Q. This Amendment speaks as of the Original Filing Date, does not reflect events that may have occurred subsequent to the Original Filing Date, and does not modify or update in any way disclosures made in the Form 10-Q.

Pursuant to Rule 406T of Regulation S-T, the interactive data files attached as Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

3

Item 6.      Exhibits

Exhibit Number	Description
31.1*	Certification of Chief Executive Officer required by Rule 13a-14/15d-14(a) under the Exchange Act
31.2*	Certification of Chief Financial Officer required by Rule 13a-14/15d-14(a) under the Exchange Act
32.1*+	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2*+	Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101.INS**	XBRL Instance Document
101.SCH**	RL 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

* Previously filed or furnished, as applicable, with the Company’s quarterly report on Form 10-Q.

** Furnished herewith. XBRL (eXtensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

+ In accordance with SEC Release 33-8238, Exhibit 32.1 and Exhibit 32.2 are furnished and not filed.

4

Signatures

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

	RANGEFORD RESOURCES, INC.
Dated: June 6, 2014	By:	/s/ Colin Richardson
		Colin Richardson
		Chief Executive Officer, President, Principal Executive Officer and Principal Financial and Accounting Officer

5

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Note 6 - Correction of An Error: Schedule of Error Corrections and Prior Period Adjustments Cash Flows Text Block (Details) (USD $)	3 Months Ended	9 Months Ended		73 Months Ended	2403 Months Ended
	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2212	Mar. 31, 2012
Net loss	$ (708,207)	$ (1,373,494)	$ (988,507)	$ (3,854,749)	$ (698,309)
Common stock issued for services		341,473	493,375	1,042,899
Amortization of debt discount		35,778	78,794	114,572
Warrant expense		544,294	248,847	1,039,989
Preferred stock issued for interest expense		8,381		8,381
Impairment of deposit				700,000
Prepaid expenses		24,375	(17,500)
Accounts payable		120,259	46,806	348,427
Accrued interest payable		521	3,300	4,025
Net cash used in operating activities		(298,413)	(134,885)	(596,456)
Deposit			(500,000)	(600,000)
Net cash used in investing activities			(500,000)	(600,000)
Proceeds from related party payable		310,066	100	403,716
Repayments of related party payables				(35,580)
Issuance of Series A preferred stock to settle shareholder note payable		108,381		108,381
Contributed capital			2,500	4,160
Proceeds from issuance of stock				25,813
Net cash provided by financing activities		310,066	787,600	1,208,109
Net (decrease) increase in cash		11,653	152,715	11,653
Cash, Beginning of Period	11,653	11,653	152,915	11,653		200
As Reported
Net loss	(964,935)
Common stock issued for services	797,444
Prepaid expenses	(17,500)
Accounts payable	47,306
Accrued interest payable	3,300
Net cash used in operating activities	(134,385)
Deposit	(500,000)
Net cash used in investing activities	(500,000)
Proceeds from related party payable	12,100
Repayments of related party payables	(10,000)
Issuance of Series A preferred stock to settle shareholder note payable	785,000
Net cash provided by financing activities	787,100
Net (decrease) increase in cash	152,715
Cash, Beginning of Period	200	200		200
Cash Equivalents, at Carrying Value	152,915	152,915		152,915
Adjustment
Net loss	(23,572)
Common stock issued for services	(304,069)
Amortization of debt discount	78,794
Warrant expense	248,847
Accounts payable	(500)
Net cash used in operating activities	(500)
Proceeds from related party payable	(12,000)
Repayments of related party payables	10,000
Contributed capital	2,500
Net cash provided by financing activities	500
As Adjusted
Net loss	(988,507)
Common stock issued for services	493,375
Amortization of debt discount	78,794
Warrant expense	248,847
Prepaid expenses	(17,500)
Accounts payable	46,806
Accrued interest payable	3,300
Net cash used in operating activities	(134,885)
Deposit	(500,000)
Net cash used in investing activities	(500,000)
Proceeds from related party payable	100
Issuance of Series A preferred stock to settle shareholder note payable	785,000
Contributed capital	2,500
Net cash provided by financing activities	787,600
Net (decrease) increase in cash	152,715
Cash, Beginning of Period	200	200		200
Cash Equivalents, at Carrying Value	$ 152,915	$ 152,915		$ 152,915

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Note 4 - Related Party Transactions

9 Months Ended

Dec. 31, 2013

Notes

Note 4 - Related Party Transactions

NOTE 4 – RELATED PARTY TRANSACTIONS

Harry McMillan is trustee of the C.E. McMillan Family Trust, which Trust serves as the managing member of Fidare Consulting Group, LLC (“Fidare”) and Cicerone Corporate Development, LLC (“Cicerone”). Mr. McMillan is the Trustee for the benefit of his wife, Christy McMillan and their children, and is also a member of each of Fidare and Cicerone.  Each of these entities, as well as certain beneficiaries of the Trust, own shares of our common stock and therefore, Mr. McMillan and the Trust may be deemed to beneficially own such shares. Each disclaims beneficial ownership of such shares.

Professional Services

The company recorded professional fees to related parties of $618,111 for the quarter ended December 31, 2013 which are as follows:

		For the three	For the nine
		months ended	months ended
		December 31, 2013	December 31, 2013
Fidare Consulting Group, LLC	Strategic planning	$                  256,055	$                        468,239
Directors Fees		10,000	89,000
Kevin A. Carreno	Legal	19,500	120,673
Colin Richardson	President	286,056	346,055
Suzie Guthrie	Secretary	11,500	23,000
Steven R. Henson	Former President	20,000	80,000
Bob Harrell	Due Diligence	15,000	15,000
		$                  618,111	$                    1,141,967

In September 2012, the Company entered into a professional services contract with Fidare to provide consulting services relating to corporate governance, accounting procedures and controls and strategic planning.  In accordance with the terms of the original contract, Fidare received monthly compensation of 20,000 common shares per month and warrants to purchase 20,000 common shares with an exercise price equal to the closing sale price of the Company’s common stock on the date of issuance, plus reasonable and necessary expenses.  The warrants are exercisable at any time for two years from the date of issuance and may be settled on a net basis.  In December 2012, the contract was amended to provide for monthly compensation of $20,000 per month plus warrants to purchase 20,000 common shares on the same terms described above.

The Consulting Agreement with Fidare was terminated on February 28, 2013 with an effective date of April 4, 2013.

On June 26, 2013, the Company entered into a new Consulting Agreement with Fidare to provide consulting services relating to corporate governance, accounting procedures and control and strategic planning  In accordance with the terms of the Consulting Agreement, Fidare receives monthly compensation of shares of common stock valued at $20,000 based on the price at the close on the last trading day of each month and 20,000 warrants to purchase common stock, with each warrant having an exercise price equal to the closing sale price of the Common Stock on the date of issue and providing for a cashless or net issue exercise.  As of December 31, 2013, 132,878 shares of common stock and 260,000 warrants had been issued to Fidare. As of May 27, 2014, 148,959 shares of common stock and 340,000 warrants and have been issued to Fidare, pursuant to the terms of the contract.  The managing member of Fidare is the C.E. McMillan Family Trust.  Harry McMillan is trustee of the C.E. McMillan Family Trust.

The fair value of each warrant granted was estimated on the date of grant using the Black-Scholes option valuation.  Expected volatilities are based on volatilities from the historical trading ranges of the Company’s stock.  The expected term of options granted is estimated at the contractual term as noted in the individual option agreements and represents the period of time that options granted are expected to be outstanding. The risk-free rate for the periods within the contractual life of the option is based on the U.S. Treasury bill rate in effect at the time of grant for bonds with maturity dates at the estimated term of the options.  The key assumptions used in evaluating the warrants and the estimated fair value are as follows:

Grant Date	Warrants issued	Fair Value	Expected Volatility	Expected Dividends	Expected term (in years)	Risk-free rate	Estimated Fair Value Using Black-Scholes Model
September 30, 2012	20,000	$   29,714	249.8%	-	2	0.23%	$          1.49
October 31, 2012	20,000	$   18,667	250.8%	-	2	0.30%	$          0.93
November 30, 2012	20,000	$   92,494	251.6%	-	2	0.25%	$          4.62
December 31, 2012	20,000	$ 129,565	252.0%	-	2	0.25%	$          6.48
January 31, 2013	20,000	$ 120,711	254.7%	-	2	0.27%	$          6.04
February 28, 2013	20,000	$ 130,322	256.9%	-	2	0.25%	$          6.52
March 31, 2013	20,000	$   22,711	256.8%	-	2	0.25%	$          1.14
July 31, 2013	20,000	$   40,096	257.1%	-	2	0.31%	$          2.00
August 31, 2013	20,000	$   52,340	251.9%	-	2	0.39%	$          2.62
September 30, 2013	20,000	$   59,747	248.2%	-	2	0.33%	$          2.99
October 31, 2013	20,000	$ 139,365	246.5%	-	2	0.31%	$ 3.48
November 30, 2013	20,000	$ 137,647	237.0%	-	2	0.28%	$ 3.44
December 31, 2013	20,000	$ 115,099	238.2%	-	2	0.38%	$ 2.88
Total	260,000	$ 696,367

In December 2012, the Company entered into a Master Services Agreement with IntreOrg Systems, Inc. (“IntreOrg”) to provide third party data aggregation and surveillance of share ownership, purchases, sales and custody by individuals, institutions, broker-dealers, clearing agents, and custodians for a period of one year commencing on December 31, 2012.  The annual subscription service is $30,000 plus a one-time set-up fee of $2,500.  The agreement renews automatically and remains “evergreen” for succeeding one year terms, unless terminated according to the termination provisions contained in the agreement. The principle owner and CEO/President/Director of IntreOrg was the President and a major stockholder of the Company until October 2013.

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Note 3 - Agreements To Purchase Oil and Gas Properties

9 Months Ended

Dec. 31, 2013

Notes

Note 3 - Agreements To Purchase Oil and Gas Properties

NOTE 3 – AGREEMENTS TO PURCHASE OIL AND GAS PROPERTIES

Great Northern Energy, Inc.

On November 15, 2012, the Company entered into a Purchase and Sale Agreement (the “Agreement”) with Great Northern Energy, Inc. (“GNE”), which was later modified through an addendum dated January 25, 2013, to acquire a substantial non-operating working interest in oil assets in East Texas in consideration for a purchase price that includes (a) a cash payment of $3,900,000 in the form of (i) a deposit of $100,000; (ii) a promissory note in the amount of $1,100,000; and (iii) a promissory note in the amount of $2,700,000 and (b) 7,400,000 shares of its restricted common stock.

As of September 30, 2013, the Company had transferred a total of $700,000 and issued 7,400,000 shares of common stock to GNE towards the purchase of the oil and gas properties, but the agreement has not been consummated. The $700,000 payment was initially recorded as a long-term deposit on the balance sheet and, subsequently, has been charged to impairment of deposit on the income statement for the year ended March 31, 2013.

GNE has returned the stock certificate for 7,400,000 shares, however, GNE did not submit an executed stock power which is required to cancel the GNE shares.  The 7,400,000 shares are considered issued and outstanding at December 31, 2013.  The deposit of $36,557 recorded on the balance sheet as of December 31, 2013, which is related to the issuance of the 7,400,000 shares of common stock, will be reversed in the period the shares are properly cancelled.

On May 20, 2014, we sent a letter to GNE informing them of this determination and seeking to mutually terminate the Agreement.  Given the amount of time that has passed since we first entered into negotiations with GNE and the lack of any tangible results as contemplated in the Agreement, in addition to GNE'S failure to uphold certain of its obligations under the Agreement, we determined it would be in our best interest to terminate the Agreement  In that letter, we requested that GNE comply with the termination provisions of the Agreement and provide the stock power necessary to cancel the shares and return the $700,000 advanced to them under the terms of the Agreement.  Accordingly, once GNE returns the $700,000 and submits the outstanding stock power, we shall immediately consent to and permit the mutual termination of the Agreement.

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Rangeford Resources, Inc. - Balance Sheets (USD $)	Dec. 31, 2013		Mar. 31, 2013
Current Assets:
Cash	$ 11,653
Prepaid expenses, related party			24,375
Debt Issuance Cost- net of amortization	128,560
TOTAL CURRENT ASSETS	140,213		24,375
Deposit	36,557		36,557
Total Assets	176,770		60,932
Current Liabilities:
Accounts payable	408,726		288,468
Accrued interest payable	4,025		3,504
Related party advances and notes payable	347,082		137,015
TOTAL CURRENT LIABILITIES	759,833		428,987
Stockholders' Deficit
Series A Convertible Preferred Stock	182	[1]	162	[1]
Common Stock	19,745	[2]	18,128	[2]
Additional paid-in capital	3,251,759		2,094,910
Deficit accumulated during the development stage	(3,854,749)		(2,481,255)
Total Stockholders' Deficit	(583,063)		(368,055)
TOTAL LIABILITIES AND EQUITY	$ 176,770		$ 60,932

[1] $0.001 par value; stated value $5.00 per share; 3,000,0000 shares authorized; 182,000 and 162,000 shares issued and outstanding at December 31, 2013 and March 31 2013, respectively

[2] $0.001 par value; 75,000,000 shares authorized; 19,745,365 and 18,102,912 shares issued and outstanding at December 31, 2013 and March 31, 2013, respectively

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Note 1 - Condensed Financial Statements

9 Months Ended

Dec. 31, 2013

Notes

Note 1 - Condensed Financial Statements

NOTE 1 – CONDENSED FINANCIAL STATEMENTS

The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the US (US GAAP) for interim financial information, with the instructions to Form 10-Q, and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements.  The accompanying financial statements at December 31, 2013 and March 31, 2013 and for the three months ended December 31, 2013 and 2012 contain all normally recurring adjustments considered necessary for a fair presentation of our financial position, results of operations, cash flows and shareholders’ equity for such periods.  Operating results for the three months ended December 31, 2013 are not necessarily indicative of the results that may be expected for the year ending March 31, 2014.

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Note 5 - Related Party Notes Payable and Advances (Details) (USD $)	May 27, 2014	Jan. 27, 2014	Dec. 31, 2013		Mar. 31, 2013		Nov. 01, 2012 Hadley Note	Nov. 28, 2012 CE Trust	Dec. 31, 2013 Cicerone	Dec. 31, 2013 Cicerone Revolving Note	Sep. 04, 2013 Cicerone Revolving Note	Jun. 30, 2012 Two Shareholders
Due to Related Parties, Current	$ 368,114						$ 100,000	$ 100	$ 177,000	$ 65,100		$ 21,055
Short-term Debt, Percentage Bearing Fixed Interest Rate							6.00%
Common Stock, Other Shares, Outstanding							250,000
Common Stock		16,570	19,745	[1]	18,128	[1]	71,631
Investment Owned, Balance, Principal Amount									346,982
Accrued interest payable			4,025		3,504				4,025
Loans and Leases Receivable, Gross, Consumer, Revolving, Other										10,000	750,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate										12.00%	2.75%
Common Stock, Shares Issued		33,140	19,745,365		18,102,912					1,500,000
Other Liabilities										50,000
Additional paid-in capital			$ 3,251,759		$ 2,094,910							$ 21,055

[1] $0.001 par value; 75,000,000 shares authorized; 19,745,365 and 18,102,912 shares issued and outstanding at December 31, 2013 and March 31, 2013, respectively

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Note 6 - Correction of An Error: Schedule of Error Corrections and Prior Period Adjustments (Details) (USD $)	3 Months Ended	9 Months Ended		73 Months Ended	2403 Months Ended
	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2212
Investor relations	$ 12,536	$ 37,403	$ 17,504	$ 67,896	$ 400
Professional fees	45,119	110,223	13,337	207,613	6,405
Professional fees, related party	618,111	1,141,967	863,390	2,617,888	601,269
General and administrative	2,544	39,222	12,182	133,914	8,141
Impairment of deposit				700,000
Total other expense	678,610	1,328,815	906,413	3,727,311	616,215
Loss from operations	(678,310)	(1,328,815)	(906,413)	(3,727,311)	(616,215)
Interest expense	29,897	44,679	82,094	127,438	82,094
Total other expense	29,897	44,679	82,094	127,438	82,094
Loss before income taxes	(708,207)	(1,373,494)	(988,507)	(3,854,749)	(698,309)
Provision for income taxes
Net loss	(708,207)	(1,373,494)	(988,507)	(3,854,749)	(698,309)
Preferred stock dividends		(64,632)	(676,624)	(760,401)	(676,624)
Net loss attributable to common shareholders	(708,207)	(1,438,126)	(1,665,131)	(4,679,782)	(1,374,933)
Basic and diluted loss per common share	$ (0.04)	$ (0.08)	$ (0.16)		$ (0.13)
Weighted average shares outstanding	19,725,875	18,722,227	10,148,074		10,280,385
As Reported
Investor relations	400
Professional fees	213,245
Professional fees, related party	400,400
General and administrative	8,142
Total other expense	622,187
Loss from operations	(622,187)
Interest expense	281,050
Total other expense	281,050
Loss before income taxes	(903,237)
Net loss	(903,237)
Net loss attributable to common shareholders	(903,237)
Basic and diluted loss per common share	$ (0.09)
Weighted average shares outstanding	10,192,754
As Adjusted
Investor relations	400
Professional fees	6,405
Professional fees, related party	601,269
General and administrative	8,141
Total other expense	616,215
Loss from operations	(616,215)
Interest expense	82,094
Total other expense	82,094
Loss before income taxes	(698,309)
Net loss	(698,309)
Preferred stock dividends	(676,624)
Net loss attributable to common shareholders	(1,374,933)
Basic and diluted loss per common share	$ (0.13)
Weighted average shares outstanding	10,280,385
Adjustment
Professional fees	(206,841)
Professional fees, related party	200,869
General and administrative	(1)
Total other expense	(5,972)
Loss from operations	5,972
Interest expense	(198,956)
Total other expense	(198,956)
Loss before income taxes	204,928
Net loss	204,928
Preferred stock dividends	(676,624)
Net loss attributable to common shareholders	$ (471,696)
Basic and diluted loss per common share	$ (0.04)

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Note 2 - Going Concern

9 Months Ended

Dec. 31, 2013

Notes

Note 2 - Going Concern

NOTE 2 – GOING CONCERN

The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

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Statement of Financial Position - Parenthetical (USD $)	Dec. 31, 2013	Mar. 31, 2013
Statement of Financial Position
Common Stock, Par Value	$ 0.001	$ 0.001
Common Stock, Shares Authorized	75,000,000	75,000,000
Common Stock, Shares Issued	19,745,365	18,102,912
Common Stock, Shares Outstanding	19,745,365	18,102,912
Preferred Stock, Par Value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	3,000,000	3,000,000
Preferred Stock, Shares Issued	182,000	162,000
Preferred Stock, Shares Outstanding	182,000	162,000

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Note 6 - Correction of An Error: Schedule of Error Corrections and Prior Period Adjustments Cash Flows Text Block (Tables)

9 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Error Corrections and Prior Period Adjustments Cash Flows Text Block

			As reported	Adjustment	As Adjusted
Cash flows from operating activities
	Net loss		$ (964,935)	$ (23,572)	$ (988,507)
	Adjustments to reconcile net loss to net cash
	used in operating activities:
		Common stock issued for services	797,444	(304,069)	493,375
		Amortization of debt discount	-	78,794	78,794
		Warrant expense	-	248,847	248,847
		Preferred stock issued for interest expense	-	-	-
		Impairment of deposit	-	-	-
	Changes in operating assets:
		Prepaid expenses	(17,500)	-	(17,500)
	Changes in operating liabilities:
		Accounts payable	47,306	(500)	46,806
		Accrued interest payable	3,300	-	3,300
Net cash used in operating activities			$ (134,385)	$      (500)	$ (134,885)
Cash flows from investing activities
		Deposit	(500,000)	-	(500,000)
Net cash used in investing activities			(500,000)	-	(500,000)
Cash flows from financing activities
		Proceeds from related party payable	12,100	(12,000)	100
		Repayments of related party payables	(10,000)	10,000	-
		Issuance of Series A preferred stock	785,000	-	785,000
		Contributed capital	-	2,500	2,500
		Proceeds from issuance of stock	-	-	-
Net cash provided by financing activities			$ 787,100	$       500	$ 787,600
		Net (decrease) increase in cash	152,715	-	152,715
		Cash at beginning of period	200	-	200
		Cash at end of period	$ 152,915	$            -	$ 152,915

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Document and Entity Information (USD $)	9 Months Ended
	Dec. 31, 2013
Document and Entity Information:
Entity Registrant Name	Rangeford Resources, Inc.
Document Type	10-Q
Document Period End Date	Dec. 31, 2013
Amendment Flag	false
Entity Central Index Key	0001438035
Current Fiscal Year End Date	--03-31
Entity Common Stock, Shares Outstanding	19,745,365
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	No
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q3
Entity Public Float	$ 0

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Note 3 - Agreements To Purchase Oil and Gas Properties (Details) (USD $)	Jan. 27, 2014	Dec. 31, 2013	Sep. 30, 2013	Mar. 31, 2013	Dec. 31, 2013 Great Northern Energy	Sep. 30, 2013 Great Northern Energy	Jan. 25, 2013 Great Northern Energy
Cash Paid for Oil and Gas Properties							$ 3,900,000
Deposit to Acquire Oil and Gas Properties							100,000
Other Notes Payable							1,100,000
Other Notes Payable, Current							2,700,000
Restricted Common Stock							7,400,000
Impairment of Deposit			700,000
Common Stock, Shares Issued	33,140	19,745,365		18,102,912		7,400,000
Common Stock, Other Shares, Outstanding					7,400,000
Deposit		$ 36,557		$ 36,557	$ 36,557

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Rangeford Resources, Inc. - Statements of Operations (USD $)	3 Months Ended	9 Months Ended		73 Months Ended	2403 Months Ended
	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2212
OPERATING EXPENSES
Investor relations	$ 12,536	$ 37,403	$ 17,504	$ 67,896	$ 400
Professional fees	45,119	110,223	13,337	207,613	6,405
Professional fees, related party	618,111	1,141,967	863,390	2,617,888	601,269
General and administrative	2,544	39,222	12,182	133,914	8,141
Impairment of deposit				700,000
TOTAL OPERATING EXPENSES	678,610	1,328,815	906,413	3,727,311	616,215
Loss from operations	(678,310)	(1,328,815)	(906,413)	(3,727,311)	(616,215)
OTHER EXPENSE
Interest expense	29,897	44,679	82,094	127,438	82,094
Total other expense	29,897	44,679	82,094	127,438	82,094
Loss before income taxes	(708,207)	(1,373,494)	(988,507)	(3,854,749)	(698,309)
Provision for income taxes
Net loss	(708,207)	(1,373,494)	(988,507)	(3,854,749)	(698,309)
Preferred stock dividends		(64,632)	(676,624)	(760,401)	(676,624)
Net loss attributable to common shareholders	$ (708,207)	$ (1,438,126)	$ (1,665,131)	$ (4,679,782)	$ (1,374,933)
Per share information:
Basic and diluted loss per common share	$ (0.04)	$ (0.08)	$ (0.16)		$ (0.13)
Weighted average shares outstanding	19,725,875	18,722,227	10,148,074		10,280,385

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Note 7 - Commitments and Contingencies

9 Months Ended

Dec. 31, 2013

Notes

Note 7 - Commitments and Contingencies

NOTE 7 – COMMITMENTS AND CONTINGENCIES

On June 7, 2012, several former shareholders (including the Company’s CEO, Dr. Steven Henson, although not in such capacity) of Sun River Energy, Inc. (“Sun River”) filed a derivative action against Sun River and its management in a case now styled Colin Richardson, et al., derivatively on behalf of Sun River Energy, Inc. v. Sun River Energy, Inc. v. Donald R. Schmidt, Jr., et al., Cause No. DC-12-06318, in the District Court of Dallas County, Texas (the “Derivative Suit”).  On January 24, 2013, the Court found the Plaintiffs in the case had shown a probable right to the relief sought at an evidentiary hearing and a likelihood of success on the claims of breach of fiduciary duty, fraudulent transfer and certain defamation claims, and entered a temporary injunction against Sun River and its management (the “Temporary Injunction”).  The terms of the Temporary Injunction prevent Sun River, and all officers, directors, agents, servants, attorneys, employees, and all those in active concert or participation, from any performance, claims of default, payments, transfer or other actions with respect to certain notes and mortgages; any payments on those notes based on alleged past due compensation without Board Approval and without providing notice to the parties; entry into contracts by Donal R. Schmidt, Jr. to lease, purchase, or sell Sun River’s interest in its hard rock minerals, coal, oil, timber, gas and or other minerals in Colfax County, New Mexico, without Board Approval and without providing notice to the parties, and any and all issuances of stock or any other compensation, payments, bonuses, gifts or other transfers  by Sun River to the Defendants without Board Approval and without providing notice to the parties outside of normal payroll payment activity.  On February 7, 2013, Defendants Schmidt et al. filed an Amended Answer, Special Exception, Counterclaim and Original Third Party Petition asserting claims against certain third parties for breach of contract, breach of fiduciary duty, misappropriation of confidential information, and against the Company (as well as others) for conversion, constructive trust and conspiracy and places some of the blame for these alleged actions on Dr. Steven Henson.  On January 27, 2014, upon motion made by the Company and other third party defendants in their joint motions for severance of third party claims relief was granted by the district court of Dallas County, Texas and a new suit, styled Sun River, et al. v. the Company, et al. (including the other initial third party defendants) was created (the “Third Party Suit”); however, as of March 31, 2014, Sun River has yet to pay the requisite filing fees and the case has yet to be assigned a cause number.  As a result of such severance, the Company is no longer a party to the Derivative Suit.  The Derivative Suit case is set for trial on June 9, 2014.  Subject, it is understood to a Motion for Continuance.  There is no current trial set in the Third Party Suit although the parties to the Third Party Suit have circulated an agreed Scheduling Order setting the Third Party Suit for trial in January 2015; no order setting such trial date has been submitted for the Court’s signature as of this date.  In addition, Sun River appealed the decision of temporary injunction in the Derivative Suit and on January 13, 2014, the Appeals Court reversed the temporary injunction in the Derivative Suit on the grounds that the Plaintiffs did not show imminent harm.  Plaintiffs in the Derivative Suit have filed a new request for temporary injunction to the Appeals Court seeking new relief. Dr. Steven Henson believes the claims in the Third Party Suit are completely without merit and the Company will defend their respective positions vigorously.

On January 15, 2013, Gruber Hurst Johansen Hail Shank LLP ("GHJHS") initiated a lawsuit against Steve Henson, M.D., David K. Henson, Colin Richardson, et al, in the 134th District Court of Dallas County, Cause No. DC-13-00553.  GHJHS brought this suit seeking payment for legal representation previously provided to the defendants regarding the Sun River case disclosed above.  This case was later assigned to mediation.

We have recently become aware of a letter dated December 17, 2012 from Dr. Steven Henson to Michael Farmer, who at time was not a director or officer of Rangeford, with regard to our offering of up to $3,000,000 of our preferred stock in connection with our proposed acquisition of certain properties from Great Northern Energy, Inc.  In the letter, Dr. Henson, who at the time was the President and Chairman of the Board of Rangeford, purports to grant a right of rescission to certain investors in the event that we were unable to raise the full amount of funds necessary to acquire the subject properties from Great Northern Energy.  This right of rescission was never approved by our Board of Directors and it is our position that Dr. Henson acted without proper authority in providing the letter to Mr. Farmer, as the representative of certain investors.  At this point no claim has been made by any of the investors, who invested approximately $300,000 in Rangeford and we have no reason to assume that a claim will ultimately be made.

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Note 6 - Correction of An Error

9 Months Ended

Dec. 31, 2013

Notes

Note 6 - Correction of An Error

NOTE 6 – CORRECTION OF AN ERROR

During the preparation of this quarterly report, certain errors were identified related to the 2012 comparative period.  The errors were primarily related to an overstatement of $198,956 in interest expense as a result of an error in calculating the amount of debt issuance costs in relation to issuance of a note payable which included shares of common stock and an overstatement of professional fees to related parties of $5,972.  The combined increase in the net loss for the 2012 year of $23,572 included the effect of the reduction in net loss for the interest expense adjustment of $198,956, the decrease in professional fees to a related party of $5,972, and was offset by an understatement of professional fees to a related party of $228,500 in the previous quarter.  Certain items were reclassified for to conform to the current year presentation.  Management evaluated this error both quantitatively and qualitatively, and determined that the error was immaterial to the prior year.  Pursuant to the SEC SAB Topic 108, the prior period amounts have been corrected in this filing.

The following tables reflect the impact of the error:

Statement of Operations for the quarter ended December 31, 2012:

		As reported	Adjustment	As Adjusted
Operating expenses
	Investor relations	400	-	400
	Professional fees	213,245	(206,841)	6,405
	Professional fees-related party	400,400	200,869	601,269
	General and administrative	8,142	(1)	8,141
	Impairment of deposit	-	-	-
Total operating expenses		622,187	(5,972)	616,215
Loss from operations		(622,187)	5,972	(616,215)
Other expense
	Interest expense	281,050	(198,956)	82,094
Total other expense		281,050	(198,956)	82,094
Loss before income taxes		(903,237)	204,928	(698,309)
Provision for income tax		-	-	-
Net loss		$ (903,237)	$  204,928	$     (698,309)
	Preferred stock dividends	-	(676,624)	(676,624)
Net loss attributable to common shareholders		$ (903,237)	$ (471,696)	$  (1,374,933)
Basic and diluted loss per common share		$       (0.09)	(0.04)	(0.13)
Weighted average shares outstanding		10,192,754		10,280,385

Statement of Cash Flows for the quarter ended December 31, 2012:

			As reported	Adjustment	As Adjusted
Cash flows from operating activities
	Net loss		$ (964,935)	$ (23,572)	$ (988,507)
	Adjustments to reconcile net loss to net cash
	used in operating activities:
		Common stock issued for services	797,444	(304,069)	493,375
		Amortization of debt discount	-	78,794	78,794
		Warrant expense	-	248,847	248,847
		Preferred stock issued for interest expense	-	-	-
		Impairment of deposit	-	-	-
	Changes in operating assets:
		Prepaid expenses	(17,500)	-	(17,500)
	Changes in operating liabilities:
		Accounts payable	47,306	(500)	46,806
		Accrued interest payable	3,300	-	3,300
Net cash used in operating activities			$ (134,385)	$      (500)	$ (134,885)
Cash flows from investing activities
		Deposit	(500,000)	-	(500,000)
Net cash used in investing activities			(500,000)	-	(500,000)
Cash flows from financing activities
		Proceeds from related party payable	12,100	(12,000)	100
		Repayments of related party payables	(10,000)	10,000	-
		Issuance of Series A preferred stock	785,000	-	785,000
		Contributed capital	-	2,500	2,500
		Proceeds from issuance of stock	-	-	-
Net cash provided by financing activities			$ 787,100	$       500	$ 787,600
		Net (decrease) increase in cash	152,715	-	152,715
		Cash at beginning of period	200	-	200
		Cash at end of period	$ 152,915	$            -	$ 152,915

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Note 6 - Correction of An Error (Details) (USD $)	3 Months Ended	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2012
Details
Overstatement Interest Expense	$ 198,956
Decrease in Professional Services	5,972
Increase in Net Loss		23,572
Interest Expense Adjustment		198,956
Decrease in Professional Fess, Related Party		5,972
Understatement of Professional Fess, Related Party		$ 228,500

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Note 4 - Related Party Transactions: Schedule of Related Party Transactions (Details) (USD $)	3 Months Ended	9 Months Ended		73 Months Ended	2403 Months Ended	6 Months Ended	9 Months Ended	6 Months Ended	9 Months Ended	6 Months Ended	9 Months Ended	6 Months Ended	9 Months Ended	6 Months Ended	9 Months Ended	6 Months Ended	9 Months Ended	6 Months Ended
	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2212	Dec. 31, 2013 Fidare Consulting Group, LLC	Dec. 31, 2013 Fidare Consulting Group, LLC	Dec. 31, 2013 Directors	Dec. 31, 2013 Directors	Dec. 31, 2013 Kevin A. Carreno	Dec. 31, 2013 Kevin A. Carreno	Dec. 31, 2013 Colin Richardson	Dec. 31, 2013 Colin Richardson	Dec. 31, 2013 Suzie Guthrie	Dec. 31, 2013 Suzie Guthrie	Dec. 31, 2013 Steven R. Henson	Dec. 31, 2013 Steven R. Henson	Dec. 31, 2013 Bob Harrell
Professional fees	$ 45,119	$ 110,223	$ 13,337	$ 207,613	$ 6,405	$ 256,055	$ 468,239	$ 10,000	$ 89,000	$ 19,500	$ 120,673	$ 286,056	$ 346,055	$ 11,500	$ 23,000	$ 20,000	$ 80,000	$ 15,000

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Note 4 - Related Party Transactions: Schedule of Stockholders' Equity Note, Warrants or Rights (Tables)

9 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Stockholders' Equity Note, Warrants or Rights

Grant Date	Warrants issued	Fair Value	Expected Volatility	Expected Dividends	Expected term (in years)	Risk-free rate	Estimated Fair Value Using Black-Scholes Model
September 30, 2012	20,000	$   29,714	249.8%	-	2	0.23%	$          1.49
October 31, 2012	20,000	$   18,667	250.8%	-	2	0.30%	$          0.93
November 30, 2012	20,000	$   92,494	251.6%	-	2	0.25%	$          4.62
December 31, 2012	20,000	$ 129,565	252.0%	-	2	0.25%	$          6.48
January 31, 2013	20,000	$ 120,711	254.7%	-	2	0.27%	$          6.04
February 28, 2013	20,000	$ 130,322	256.9%	-	2	0.25%	$          6.52
March 31, 2013	20,000	$   22,711	256.8%	-	2	0.25%	$          1.14
July 31, 2013	20,000	$   40,096	257.1%	-	2	0.31%	$          2.00
August 31, 2013	20,000	$   52,340	251.9%	-	2	0.39%	$          2.62
September 30, 2013	20,000	$   59,747	248.2%	-	2	0.33%	$          2.99
October 31, 2013	20,000	$ 139,365	246.5%	-	2	0.31%	$ 3.48
November 30, 2013	20,000	$ 137,647	237.0%	-	2	0.28%	$ 3.44
December 31, 2013	20,000	$ 115,099	238.2%	-	2	0.38%	$ 2.88
Total	260,000	$ 696,367

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Note 8 - Subsequent Events

9 Months Ended

Dec. 31, 2013

Notes

Note 8 - Subsequent Events

NOTE 8 – SUBSEQUENT EVENTS

On January 27, 2014, the Company issued 33,140 shares valued at $16,570 in partial payment of the company’s cumulative Series A Convertible Preferred stock dividend.

On February 25, 2014, the Company issued 30,800 shares to Fidare Consulting Group related to the exercise of 120,000 warrants.

For the quarter ended March 31, 2014 the company authorized the issuance of 12,040 shares of common stock valued at $60,000 and 60,000 warrants valued at $227,622 pursuant to the terms of the consulting agreement with Fidare Consulting Group, LLC.

For the quarter ended March 31, 2014, the company authorized the issuance of 12,040 shares of common stock valued at $60,000 and 60,000 warrants valued at $227,622 pursuant to the terms of the consulting agreement with Colin Richardson, the president of the company.

On April 28, 2014, the Company granted 108,000 options to purchase the Company’s common stock with a three year term and an exercise price of $1.00 pursuant to the terms of the board of director’s agreement with Michael Farmer. The value of the options at April 28^th was $427,901.

On April 28, 2014, the Company granted 200,000 options to purchase the Company’s common stock with a three year term and an exercise price of $3.00 pursuant to the terms of the board of director’s agreement with Michael Farmer. The value of the options at April 28^th was $751,494.

On April 30, 2014, the Company issued Mr. Richardson 5,000 shares of common stock valued at $20,000 and 20,000 warrants valued at $58,897 pursuant to the terms of his Officer Agreement.

On April 30, 2014, the Company issued Fidare Consulting Group 5,000 shares of common stock valued at $20,000 and 20,000 warrants valued at $58,897 pursuant to the terms of its Consulting Agreement.

On May 20, 2014, we sent a letter to GNE informing them of this determination and seeking to mutually terminate the Agreement.  Given the amount of time that has passed since we first entered into negotiations with GNE and the lack of any tangible results as contemplated in the Agreement, in addition to GNE'S failure to uphold certain of its obligations under the Agreement, we determined it would be in our best interest to terminate the Agreement  In that letter, we requested that GNE comply with the termination provisions of the Agreement and provide the stock power necessary to cancel the shares and return the $700,000 advanced to them under the terms of the Agreement.  Accordingly, once GNE returns the $700,000 and submits the outstanding stock power, we shall immediately consent to and permit the mutual termination of the Agreement.

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Note 4 - Related Party Transactions: Schedule of Related Party Transactions (Tables)

9 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Related Party Transactions

		For the three	For the nine
		months ended	months ended
		December 31, 2013	December 31, 2013
Fidare Consulting Group, LLC	Strategic planning	$                  256,055	$                        468,239
Directors Fees		10,000	89,000
Kevin A. Carreno	Legal	19,500	120,673
Colin Richardson	President	286,056	346,055
Suzie Guthrie	Secretary	11,500	23,000
Steven R. Henson	Former President	20,000	80,000
Bob Harrell	Due Diligence	15,000	15,000
		$                  618,111	$                    1,141,967

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Note 6 - Correction of An Error: Schedule of Error Corrections and Prior Period Adjustments (Tables)

9 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Error Corrections and Prior Period Adjustments

		As reported	Adjustment	As Adjusted
Operating expenses
	Investor relations	400	-	400
	Professional fees	213,245	(206,841)	6,405
	Professional fees-related party	400,400	200,869	601,269
	General and administrative	8,142	(1)	8,141
	Impairment of deposit	-	-	-
Total operating expenses		622,187	(5,972)	616,215
Loss from operations		(622,187)	5,972	(616,215)
Other expense
	Interest expense	281,050	(198,956)	82,094
Total other expense		281,050	(198,956)	82,094
Loss before income taxes		(903,237)	204,928	(698,309)
Provision for income tax		-	-	-
Net loss		$ (903,237)	$  204,928	$     (698,309)
	Preferred stock dividends	-	(676,624)	(676,624)
Net loss attributable to common shareholders		$ (903,237)	$ (471,696)	$  (1,374,933)
Basic and diluted loss per common share		$       (0.09)	(0.04)	(0.13)
Weighted average shares outstanding		10,192,754		10,280,385

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Note 4 - Related Party Transactions: Schedule of Stockholders' Equity Note, Warrants or Rights (Details) (USD $)	Dec. 31, 2013	Nov. 30, 2013	Oct. 31, 2013	Sep. 30, 2013	Aug. 31, 2013	Jul. 31, 2013	Mar. 31, 2013	Feb. 28, 2013	Jan. 31, 2013	Dec. 31, 2012	Nov. 30, 2012	Oct. 31, 2012	Sep. 30, 2012
Details
Warrants Issued	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000
Equity, Fair Value Disclosure	$ 115,099	$ 137,647	$ 139,365	$ 59,747	$ 52,340	$ 40,096	$ 22,711	$ 130,322	$ 120,711	$ 129,565	$ 92,494	$ 18,667	$ 29,714
Long-Duration Contracts, Assumptions by Product and Guarantee, Volatility Rate	238.20%	237.00%	246.50%	248.20%	251.90%	257.10%	256.80%	256.90%	254.70%	252.00%	251.60%	250.80%	249.80%
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term	2	2	2	2	2	2	2	2	2	2	2	2	2
Debt Instrument, Interest Rate, Stated Percentage	0.38%	0.28%	0.31%	0.33%	0.39%	0.31%	0.25%	0.25%	0.27%	0.25%	0.25%	0.30%	0.23%
Estimated Fair Value	$ 2.88	$ 3.44	$ 3.48	$ 2.99	$ 2.62	$ 2.00	$ 1.14	$ 6.52	$ 6.04	$ 6.48	$ 4.62	$ 0.93	$ 1.49

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Note 8 - Subsequent Events (Details) (USD $)																	3 Months Ended			3 Months Ended
	Jan. 27, 2014	Dec. 31, 2013		Nov. 30, 2013	Oct. 31, 2013	Sep. 30, 2013	Aug. 31, 2013	Jul. 31, 2013	Mar. 31, 2013		Feb. 28, 2013	Jan. 31, 2013	Dec. 31, 2012	Nov. 30, 2012	Oct. 31, 2012	Sep. 30, 2012	Mar. 31, 2014 Fidare Consulting Group	Apr. 30, 2014 Fidare Consulting Group	Feb. 25, 2014 Fidare Consulting Group	Mar. 31, 2014 Colin Richardson	Apr. 30, 2014 Colin Richardson	Apr. 28, 2014 Michael Farmer 1	Apr. 28, 2014 Michael Farmer
Common Stock, Shares Issued	33,140	19,745,365							18,102,912									5,000	30,800		5,000
Common Stock	$ 16,570	$ 19,745	[1]						$ 18,128	[1]								$ 20,000
Warrant Exercise																			120,000
Authorized Shares to be Issued																	12,040			12,040
Common Stock Value																	60,000			60,000
Warrants Authorized																	60,000			60,000
Warrants Value																	227,622			227,622
Shares held in Employee Stock Option Plan, Suspense Shares																						108,000
Options Exercise Price																						$ 1.00	$ 3.00
Fair Value, Option, Disclosures Related to Election, Items Existing at Effective Date, Investment in Federal Home Loan Bank Stock																						427,901	751,494
Options Granted																							200,000
Warrants Issued		20,000		20,000	20,000	20,000	20,000	20,000	20,000		20,000	20,000	20,000	20,000	20,000	20,000		20,000			20,000
Warrant Value																		$ 58,897			$ 58,897

[1] $0.001 par value; 75,000,000 shares authorized; 19,745,365 and 18,102,912 shares issued and outstanding at December 31, 2013 and March 31, 2013, respectively

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Rangeford Resources, Inc. - Statements of Cash Flows (USD $)	9 Months Ended				73 Months Ended
	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2013
Cash flows from Operating Activities
Net loss	$ (1,373,494)		$ (988,507)		$ (3,854,749)
Adjustments to reconcile net loss to net cash used in operating activities:
Common stock issued for services	341,473		493,375		1,042,899
Amortization of debt discount	35,778		78,794		114,572
Warrant expense	544,294		248,847		1,039,989
Preferred stock issued for interest expense	8,381				8,381
Impairment of deposit					700,000
Changes in operating assets and liabilities:
Prepaid expenses	24,375		(17,500)
Accounts payable	120,259		46,806		348,427
Accrued interest payable	521		3,300		4,025
Net cash used in operating activities	(298,413)		(134,885)		(596,456)
Cash Flows from Investing Activities
Deposit			(500,000)		(600,000)
Net cash used in investing activities			(500,000)		(600,000)
Cash Flows From Financing Activities
Proceeds from related party payable	310,066		100		403,716
Repayments of related party payables					(35,580)
Issuance of Series A preferred stock			785,000		810,000
Contributed capital			2,500		4,160
Proceeds from issuance of stock					25,813
Net cash provided by financing activities	310,066		787,600		1,208,109
Net (decrease) increase in cash	11,653		152,715		11,653
Cash, Beginning of Period			200
Cash, End of Period	11,653		152,915		11,653
Supplemental disclosure of non-cash investing and financing activities:
Issuance of Series A preferred stock to settle shareholder note payable	108,381				108,381
Issuance of common stock with debt	164,338	[1]		[1]	164,338	[1]
Issuance of common stock for professional and consulting services		[1]		[1]	13,200	[1]
Issuance of shares of common stock with debt		[2]		[2]	78,794	[2]
Issuance of common stock for deposit		[3]		[3]	36,557	[3]
Cash paid directly to third party for deposit			100,000		100,000
Forgiveness of related party loans			23,055		21,055
Unpaid issuance costs					60,300
Supplemental Cash Flow Information:
Cash paid for interest
Cash paid for income taxes

[1] Issuance of 1,500,000 shares of common stock with debt

[2] Issuance of 275,000 shares of common stock with debt

[3] Issuance of 7,400,000 shares of common stock for deposit

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Note 5 - Related Party Notes Payable and Advances

9 Months Ended

Dec. 31, 2013

Notes

Note 5 - Related Party Notes Payable and Advances

NOTE 5 – RELATED PARTY NOTES PAYABLE AND ADVANCES

On November 1, 2012, the Company entered into a note agreement with a shareholder/director of the Company, pursuant to which the Company borrowed $100,000 from the shareholder which was payable in 60 days with interest at 6% per annum (the “Hadley Note”).  Proceeds from the Hadley Note were paid directly to GNE as a deposit to purchase certain oil and gas assets (see Note 3).  The Hadley Note was payable in 60 days with interest at 6% per annum.  In accordance with the terms of the note, the Company agreed to issue 250,000 shares of unregistered common stock to the shareholder.  The shares of unregistered common stock had a relative fair value of approximately $71,631 as of November 1, 2012, which was recorded as additional interest expense over the 60 day term of the note.  On September 23, 2013 the Company issued 20,000 shares of its Series A convertible preferred stock to settle the past due outstanding promissory note payable to settle the Hadley Note in full.  No gain or loss will be recognized on settlement of the debt because the fair value of the preferred stock issued is equal to the carrying value of the debt.

On November 28, 2012, the C. E. McMillan Family Trust advanced the Company $100 to facilitate the opening of a new bank account.  The trustee of the C.E. McMillan Family Trust is also the managing member of Fidare Consulting Group, LLC ("Fidare") and Cicerone Corporate Development, LLC ("Cicerone").  The advance had not been repaid as of December 31, 2013.

At various times, Cicerone has advanced funds to the Company for operating expenses.  During the quarter ended December 31, 2013, Cicerone advanced a total of $177,000.  The principal balance owed to Cicerone was $346,982 with accrued interest of $4,025 as of December 31, 2013. The managing member of Cicerone is the C. E. McMillan Family Trust.  Harry McMillan is trustee of the C.E. McMillan Family Trust.

On September 4, 2013, we received a $750,000 Revolving Credit Note (the "Cicerone Revolving Note") from Cicerone Corporate Development, LLC ("Cicerone") (a related party).  The Cicerone Revolving Note matures on February 1, 2015 and bears interest at the rate of LIBOR plus 2.75% per annum, which is payable semi-annually on June 30 and December 31 of each year. We may request advances on the Cicerone Revolving Note in increments of $10,000 at any time prior to the maturity date.  If we do not pay the outstanding amount on the maturity date, then the interest rate shall increase to the lesser of 12% or the maximum rate of interest permitted by law. As an inducement to entering into the Cicerone Revolving Note, we issued Cicerone 1,500,000 shares of our common stock (the "Inducement Shares").  The Cicerone Revolving Note contains standard events of default, including nonpayment of the Note or any other liability exceeding $50,000, as well as a change in control or entry into bankruptcy, upon which Cicerone may enforce its rights under the Revolving Note.  At the time of entering into the Cicerone Revolving Note, Cicerone had already loaned us approximately $65,100, which amount is included as amount advanced under the Cicerone Revolving Note that must be paid back.  As of May 27, 2014, we received a total of approximately $368,114, including the $65,100, in advances under the Cicerone Revolving Note.  The managing member of Cicerone is the C.E. McMillan Family Trust.  Harry McMillan is trustee of the C.E. McMillan Family Trust.

We received loans from two of our shareholders totaling $21,055 from inception to June 30, 2012 for the purposes of funding startup operations.  These loans were non-interest bearing and due on demand. On June 30, 2012 these loans totaling $21,055 were forgiven by the shareholders and credited to our additional paid in capital account.

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Note 4 - Related Party Transactions (Details) (USD $)	May 27, 2014	Dec. 31, 2013	Nov. 30, 2013	Oct. 31, 2013	Sep. 30, 2013	Aug. 31, 2013	Jul. 31, 2013	Mar. 31, 2013	Feb. 28, 2013	Jan. 31, 2013	Dec. 31, 2012	Nov. 30, 2012	Oct. 31, 2012	Sep. 30, 2012	Dec. 31, 2013 Fidare Consulting Group, LLC	Sep. 30, 2013 Fidare Consulting Group, LLC	Jun. 26, 2013 Fidare Consulting Group, LLC	Dec. 31, 2012 Fidare Consulting Group, LLC	Sep. 30, 2012 Fidare Consulting Group, LLC	Dec. 31, 2012 IntreOrg Systems, Inc.
Share Based Compensation																			20,000
Warrants Issued as Compensation																	20,000	20,000	20,000
Shares, Issued	148,959														132,878
Warrants Issued		20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000		260,000
Subscription Agreement																				$ 30,000
Set Up Fees																				$ 2,500