FORM 10-Q Quarterly Report June 30 2013

0001078782-13-001685.txt : 20130819 0001078782-13-001685.hdr.sgml : 20130819 20130819161406 ACCESSION NUMBER: 0001078782-13-001685 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20130630 FILED AS OF DATE: 20130819 DATE AS OF CHANGE: 20130819 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHSIGHT CAPITAL, INC. CENTRAL INDEX KEY: 0001439397 STANDARD INDUSTRIAL CLASSIFICATION: BEVERAGES [2080] IRS NUMBER: 262727362 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-53661 FILM NUMBER: 131048433 BUSINESS ADDRESS: STREET 1: 7740 EAST EVANS RD. CITY: SCOTTSDALE STATE: AZ ZIP: 85260 BUSINESS PHONE: (480) 385-3893 MAIL ADDRESS: STREET 1: 7740 EAST EVANS RD. CITY: SCOTTSDALE STATE: AZ ZIP: 85260 FORMER COMPANY: FORMER CONFORMED NAME: Northsight Capital, Inc. DATE OF NAME CHANGE: 20080708 10-Q 1 f10q063013_10q.htm FORM 10-Q QUARTERLY REPORT JUNE 30, 2013 FORM 10-Q Quarterly Report June 30 2013

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, 2013

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

For the transition period from ____________ to____________

Commission File Number: 000-53661

NORTHSIGHT CAPITAL, INC.

(Exact name of issuer as specified in its charter)


Nevada		26-2727362
(State or Other Jurisdiction of		(I.R.S. Employer I.D. No.)
incorporation or organization)

7740 East Evans Rd.

Scottsdale, AZ 85260

(Address of Principal Executive Offices)

(480) - 385 3893

(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 preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X . No .

Indicate by checkmark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Date File required to be submitted and posted pursuant to Rule 405 of 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 .

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 definition of “large accelerated filer,” “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 X . No .

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:

The number of shares outstanding of each of the Registrant’s classes of common equity, as of the latest practicable date:


Class		Outstanding as of August 19, 2013
Common Capital Voting Stock, $0.001 par value per share		12,500,000 shares

FORWARD LOOKING STATEMENTS

This Quarterly Report on Form 10-Q, Financial Statements and Notes to Financial Statements contain forward-looking statements that discuss, among other things, future expectations and projections regarding future developments, operations and financial conditions. All forward-looking statements are based on management’s existing beliefs about present and future events outside of management’s control and on assumptions that may prove to be incorrect. If any underlying assumptions prove incorrect, our actual results may vary materially from those anticipated, estimated, projected or intended.

PART I - FINANCIAL STATEMENTS

Item 1. Financial Statements.

June 30, 2013

C O N T E N T S


Condensed Balance Sheets	4
Condensed Statements of Operations	5
Condensed Statements of Cash Flows	6
Notes to Unaudited Condensed Financial Statements	7

NORTHSIGHT CAPITAL, INC.

(A Development Stage Company)

CONDENSED BALANCE SHEETS

(Unaudited)


		June 30, 2013		December 31, 2012

ASSETS
Current Assets
Cash	$	-	$	-
Prepaid expenses		-		2,363
Total Current Assets		-		2,363
Total Assets	$	-	$	2,363

LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities
Accounts payable and accrued expenses	$	66,041	$	64,153
Total Current Liabilities		66,041		64,153
Total Liabilities		66,041		64,153

Stockholders' Deficit
Preferred stock - 10,000,000 shares authorized having a par value of $.001 per share; 0 shares issued and outstanding		-		-
Common stock - 100,000,000 shares authorized having a par value of $.001 per share; 12,500,000 shares issued and outstanding as of June 30, 2013 and December 31, 2012		12,500		12,500
Subscription receivable		(50,000)		(50,000)
Additional paid-in capital		697,735		680,483
Accumulated deficit during the development stage		(726,276)		(704,773)
Total Stockholders' Deficit		(66,041)		(61,790)
Total Liabilities and Stockholders' Deficit	$	-	$	2,363

See accompanying notes to condensed financial statements.

NORTHSIGHT CAPITAL, INC.

(A Development Stage Company)

CONDENSED STATEMENTS OF OPERATIONS

(Unaudited)


										From
										Inception (May 21,
		For the Three Months Ended				For the Six Months Ended				2008) Through
		June 30,		June 30,		June 30,		June 30,		June 30,
		2013		2012		2013		2012		2013

Revenues	$	-	$	-	$	-	$	-	$	-

Operating Expenses:
General administrative		497		1,525		1,679		1,525		62,120
Business plan development - related party		-		-		-		-		10,000
Consulting expense - related party		-		-		-		-		380,350
Executive compensation - related party		-		-		-		-		5,100
Professional fees		8,421		9,469		19,824		13,719		233,613
Rent - related party		-		-		-		-		38,200
Research and development - related party		-		-		-		-		10,850
Travel		-		-		-		-		11,112
Total operating expenses		8,918		10,994		21,503		15,244		751,345
Other Income (Expenses)
Interest expense		-		-		-		-		(2,699)
Forgiveness of debt		-		-		-		-		27,768
Total Other Income (Expenses)		-		-		-		-		25,069

Net Loss Before Income Taxes		(8,918)		(10,994)		(21,503)		(15,244)		(726,276)
Provision for Income Taxes		-		-		-		-		-
Net Loss	$	(8,918)	$	(10,994)	$	(21,503)	$	(15,244)	$	(726,276)

Loss per Common Share - Basic and Diluted	$	(0.01)	$	(0.01)	$	(0.01)	$	(0.01)

Weighted Average Number of Common Shares Outstanding - Basic and Diluted		12,500,000		12,500,000		12,500,000		12,500,000

See accompanying notes to condensed financial statements.

NORTHSIGHT CAPITAL, INC.

(A Development Stage Company)

CONDENSED STATEMENTS OF CASH FLOWS

(Unaudited)


						From Inception
						(May 21, 2008)
		For the Six Months ended				Through
		June 30,				June 30,
		2013		2012		2013
Cash Flows From Operating Activities
Net loss	$	(21,503)	$	(15,244)	$	(726,276)
Adjustments to reconcile net loss to net cash used in operating activities:

Gain on forgiveness of debt		-		-		(27,768)
Shares issued for services		-		-		10,000
Corporate expenses paid by shareholders		17,252		16,210		78,126
Warrants issued for payment of services		-		-		10,900
Changes in operating assets and liabilities:
Prepaid expenses		2,363		-		-
Accounts payable and accrued expenses		1,888		(966)		93,809
Accounts payable - related party		-		-		90,427
Interest payable - related party		-		-		2,699
Net Cash Used In Operating Activities		-		-		(468,083)
Cash Flows From Financing Activities
Proceeds from sale of common stock, net of offering costs		-		-		336,000
Proceeds from donated capital		-		-		121,994
Proceeds from notes payable		-		-		65,000
Payments on notes payable		-		-		(55,000)
Proceeds from notes payable - related party		-		-		29,340
Payments to notes payable - related party		-		-		(29,251)
Net Cash Provided by Financing Activities		-		-		468,083
Net Increase (Decrease) In Cash		-		-		-
Cash, Beginning of Period		-		-		-
Cash, End of Period	$	-	$	-	$	-
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest	$	-	$	-	$	-
Cash paid for income taxes	$	-	$	-	$	-
Non-Cash Activities:
Conversion of debt to equity	$	-	$	-	$	26,681
Forgiveness of debt by principal owner credited to additional paid-in capital	$	-	$	-	$	93,215
Subscription receivable from Parent company	$	-	$	-	$	50,000

See accompanying notes to condensed financial statements.

NORTHSIGHT CAPITAL, INC.

(A Development Stage Company)

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

June 30, 2013

NOTE 1 - BASIS OF PRESENTATION

The accompanying financial statements have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The interim financial statements reflect all adjustments, consisting of normal recurring adjustments which, in the opinion of management, are necessary to present a fair statement of the results for the period.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012. The results of operations for the three and six month period ended June 30, 2013, are not necessarily indicative of the operating results for the full year.

NOTE 2 - LIQUIDITY/GOING CONCERN

The Company does not have assets, nor has it established operations, and has accumulated losses since inception. These factors raise substantial doubt about the Company’s ability to continue as a going concern. It is the intent of the Company to seek a merger with an existing, well-capitalized operating company. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

NOTE 3 - RELATED PARTY TRANSACTIONS

During the six month period ended June 30, 2013, Kuboo, Inc. (f/k/a Safe Communications, Inc. (“Kuboo”), Northsight Capital’s parent company, paid $17,252 on behalf of the Company in payment of Company obligations and operating expenses, consisting primarily of professional fees related to being a public company. These payments were treated as a contribution by Kuboo to the capital of the Company.

NOTE 4 - RECENT ACCOUNTING PRONOUNCEMENTS

The Company has reviewed all recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on its results of operation, financial position or cash flows. Based on that review, the Company believes that none of these pronouncements will have a significant effect on its financial statements.

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

Forward-looking Statements

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

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

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

Plan of Operations

Our Company’s plan of operation for the next 12 months is to: (i) consider a possible acquisition of going concern, (ii) adopt a business plan for any acquired business; and (iii) upon completion of an acquisition and funding, to commence the business operations of the acquired business.

During the next 12 months, provided we do not complete an acquisition during such period, our only foreseeable cash requirements will relate to maintaining our good standing as a corporation in our state of organization, the payment of our Securities and Exchange Commission and the Exchange Act reporting filing expenses, including associated legal and accounting fees, and costs incident to reviewing or investigating any potential business venture. We may have to raise additional funds during the next 12 months to fund our basic operating expenses.

Our common stock is currently quoted on the Over-the-Counter Bulletin Board (OTCBB) under the symbol NCAP.OB.

Results of Operations

Three Months Ended June 30, 2013 Compared to Three Months Ended June 30, 2012

We had no operations during the quarterly period ended June 30, 2013, nor do we have operations as of the date of this filing. We reported no sales during the three month periods ended June 30, 2013 and 2012. For the three months ended June 30, 2013 and 2012, we incurred operating expenses of approximately $8,918 and $10,994, respectively, a decrease of approximately $2,100. The approximate $2,100 decrease in operating expenses was due to the decrease in professional fees due to the timing of the audit in 2012 and general administrative expenses. For the three months ended June 30, 2013 and 2012, the Company reported a net loss of $8,918 and $10,994, respectively, a decrease of approximately $2,100.

Six Months Ended June 30, 2013 Compared to Six Months Ended June 30, 2012

We had no operations during the six month period ended June 30, 2013, nor do we have operations as of the date of this filing. We reported no sales during the six month periods ended June 30, 2013 and 2012. For the six months ended June 30, 2013 and 2012, we incurred operating expenses of approximately $21,503 and $15,244, respectively, an increase of approximately $6,300. The approximate $6,300 increase in operating expenses was mainly due to the increase in professional fees. For the six months ended June 30, 2013 and 2012, the Company reported a net loss of $21,503 and $15,244, respectively, an increase of approximately $6,300.

Liquidity and Capital Requirements

We have no cash or cash equivalents on hand. If additional funds are required, such funds may be provided by our parent company or we may raise funds from third parties, either in the form of debt or equity. During the six month period ended June 30, 2013, Kuboo paid obligations and expenses of $17,252 (consisting of outside professional fees for services rendered on behalf of the Company). These payments by Kuboo were treated as a contribution by Kuboo to our capital.

Off-balance Sheet Arrangements

None.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

Not required.

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

Disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) are designed to ensure that information required to be disclosed in reports filed or submitted under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in rules and forms adopted by the Securities and Exchange Commission, and that such information is accumulated and communicated to management, including the President and Secretary, to allow timely decisions regarding required disclosures.

Under the supervision and with the participation of our management, including our President and Treasurer, we evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act). Based upon that evaluation, our President and Treasurer concluded that, as of the end of the period covered by this Quarterly Report, our disclosure controls and procedures were effective.

Changes in Internal Control Over Financial Reporting

During the fiscal quarter covered by this Quarterly Report, there has been no change in our internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act) that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

None.

Item 1A. Risk Factors

Not required.

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

None

Item 3. Defaults Upon Senior Securities

None; not applicable.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

Item 6. Exhibits

(a) Exhibits

Identification of Exhibit

3.1

Articles of Incorporation(1)

3.2

Bylaws(1)

4.1

Common Stock Purchase Warrant issued to Safe Communications, Inc. (2)

10.2

Common Stock Purchase Agreement dated as of May 27, 2011, by and between the Company, Safe Communications, Inc. and certain shareholders of the Company (3)

10.3

Principal Shareholders Agreement, dated as of May 27, 2011, by and between the Company and certain shareholders of the Company (4)

Certification of Principal Executive and Principal Financial Officer as adopted pursuant to section 302 of the Sarbanes-Oxley Act of 2002*

Certification of Principal Executive and Principal Financial Officer pursuant to 18 U.S.C section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002**

(1) Filed as Exhibits to our Form S-1 Registration Statement on July 11, 2008 and incorporated herein by reference.

(2) Filed as an Exhibit 4.1 to our Form 10Q filed November 21, 2011 and incorporated herein by reference.

(3) Filed as an Exhibit 10.1 to our Current Report on Form 8-K Filed on July 2, 2011 and incorporated herein by reference.

(4) Filed as an Exhibit 10.2 to our Current Report on Form 8-K Filed on July 2, 2011 and incorporated herein by reference.

*Filed herewith

** Furnished, not filed

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.

NORTHSIGHT CAPITAL, INC.

(Issuer)

Date:

August 19, 2013

By:

/s/John P. Venners

John P. Venners, President and Director

(Principal executive and financial officer)

EX-31 2 f10q063013_ex31.htm EXHIBIT 31 SECTION 302 CERTIFICATION Exhibit 31 Section 302 Certification

Exhibit 31

CERTIFICATION PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, John P. Venners, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Northsight Capital, Inc. (the “Registrant”);

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 other certifying officer(s) 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 Rule 13a-15(f) and 15d-15(f)) for the Registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5. The Registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions);

a) all significant deficiencies and material weaknesses in the design or operation of internal 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:	August 19, 2013	By:	/s/John P. Venners
			John P. Venners President, Treasurer and Director
			Northsight Capital, Inc. (Principal Executive and Principal Financial Officer)

EX-32 3 f10q063013_ex32.htm EXHIBIT 32 SECTION 906 CERTIFICATION Exhibit 32 Section 906 Certification

Exhibit 32

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Northsight Capital, Inc. (the “Registrant”) on Form 10-Q for the quarter ending June 30, 2013, as filed with the Securities and Exchange Commission on the date hereof (the “Quarterly Report”), I, John P. Venners, President, Secretary, Treasurer and Director of the Registrant, 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 Quarterly 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 Quarterly Report fairly presents, in all material respects, the financial condition and result of operations of the Registrant.


Date:	August 19, 2013	By:	/s/John P. Venners
			John P. Venners
			President, Treasurer and Director
			Northsight Capital, Inc. (Principal Executive and Principal Financial Officer)

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NOTE 1 - BASIS OF PRESENTATION   The accompanying financial statements have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC). The interim financial statements reflect all adjustments, consisting of normal recurring adjustments which, in the opinion of management, are necessary to present a fair statement of the results for the period.   Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Companys Annual Report on Form 10-K for the year ended December 31, 2012. The results of operations for the three and six month period ended June 30, 2013, are not necessarily indicative of the operating results for the full year.

NOTE 2 - LIQUIDITY/GOING CONCERN   The Company does not have assets, nor has it established operations, and has accumulated losses since inception. These factors raise substantial doubt about the Companys ability to continue as a going concern. It is the intent of the Company to seek a merger with an existing, well-capitalized operating company. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

NOTE 3 - RELATED PARTY TRANSACTIONS   During the six month period ended June 30, 2013, Kuboo, Inc. (f/k/a Safe Communications, Inc. (Kuboo), Northsight Capitals parent company, paid $17,252 on behalf of the Company in payment of Company obligations and operating expenses, consisting primarily of professional fees related to being a public company.   These payments were treated as a contribution by Kuboo to the capital of the Company.

NOTE 4 - RECENT ACCOUNTING PRONOUNCEMENTS   The Company has reviewed all recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on its results of operation, financial position or cash flows.  Based on that review, the Company believes that none of these pronouncements will have a significant effect on its financial statements.

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CONDENSED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended		61 Months Ended
CONDENSED STATEMENTS OF OPERATIONS (USD $)	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013
Revenues:
Revenues	$ 0	$ 0	$ 0	$ 0	$ 0
Operating Expenses:
General administrative	497	1,525	1,679	1,525	62,120
Business plan development - related party	0	0	0	0	10,000
Consulting expense - related party	0	0	0	0	380,350
Executive compensation - related party	0	0	0	0	5,100
Professional fees	8,421	9,469	19,824	13,719	233,613
Rent - related party	0	0	0	0	38,200
Research and development - related party	0	0	0	0	10,850
Travel	0	0	0	0	11,112
Total operating expenses	8,918	10,994	21,503	15,244	751,345
Other Income (Expenses)
Interest expense	0	0	0	0	(2,699)
Forgiveness of debt	0	0	0	0	27,768
Total Other Income (Expenses)	0	0	0	0	25,069
Net Loss Before Income Taxes	(8,918)	(10,994)	(21,503)	(15,244)	(726,276)
Provision for Income Taxes	0	0	0	0	0
Net Loss	$ (8,918)	$ (10,994)	$ (21,503)	$ (15,244)	$ (726,276)
Loss per Common Share - Basic and Diluted	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Weighted Average Number of Common Shares Outstanding - Basic and Diluted	12,500,000	12,500,000	12,500,000	12,500,000

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RECENT ACCOUNTING PRONOUNCEMENTS

6 Months Ended

Jun. 30, 2013

RECENT ACCOUNTING PRONOUNCEMENTS

RECENT ACCOUNTING PRONOUNCEMENTS

NOTE 4 - RECENT ACCOUNTING PRONOUNCEMENTS

- Definition

The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

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Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3536-108585 false2Net Cash Used In Operating Activities14true 2us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse2falsefalsefalse00falsefalsefalse3falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Cash Flows From Financing Activities15false 3us-gaap_ProceedsFromIssuanceOfCommonStockus-gaap_truedebitdurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse00falsefalsefalse2truefalsefalse00falsefalsefalse3truefalsefalse336000336000falsefalsefalsexbrli:monetaryItemTypemonetaryThe cash inflow from the additional capital contribution to the entity.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 18 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. 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This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. false2Proceeds from notes payable18false 3us-gaap_RepaymentsOfNotesPayableus-gaap_truecreditdurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse00falsefalsefalse2truefalsefalse00falsefalsefalse3truefalsefalse-55000-55000falsefalsefalsexbrli:monetaryItemTypemonetaryThe cash outflow for a borrowing supported by a written promise to pay an obligation.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3291-108585 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 20 -Subparagraph b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. 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This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. false2Payments on notes payable19false 3us-gaap_ProceedsFromRelatedPartyDebtus-gaap_truedebitdurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse00falsefalsefalse2truefalsefalse00falsefalsefalse3truefalsefalse2934029340falsefalsefalsexbrli:monetaryItemTypemonetaryThe cash inflow from a long-term borrowing made from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Proceeds from Advances from Affiliates.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 18 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. 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Alternate caption: Payments for Advances from Affiliates.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3291-108585 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 20 -Subparagraph b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. 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This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. false2Cash, Beginning of Period24false 2fil_CashEndOfPeriodfil_falsedebitdurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse00falsefalsefalse2truefalsefalse00falsefalsefalse3truefalsefalse00falsefalsefalsexbrli:monetaryItemTypemonetaryAmount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.No definition available.false2Cash, End of Period25true 2us-gaap_SupplementalCashFlowInformationAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse2falsefalsefalse00falsefalsefalse3falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Supplemental Disclosure of Cash Flow Information:26false 3us-gaap_InterestPaidNetus-gaap_truecreditdurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse00falsefalsefalse2truefalsefalse00falsefalsefalse3truefalsefalse00falsefalsefalsexbrli:monetaryItemTypemonetaryThe amount of cash paid for interest during the period net of cash paid for interest that is capitalized.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4297-108586 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 29 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 27 -Subparagraph e -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. false2Cash paid for interest27false 3us-gaap_IncomeTaxesPaidNetus-gaap_truecreditdurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse00falsefalsefalse2truefalsefalse00falsefalsefalse3truefalsefalse00falsefalsefalsexbrli:monetaryItemTypemonetaryThe amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4297-108586 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 29 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 27 -Subparagraph f -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. false2Cash paid for income taxes28true 2us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse2falsefalsefalse00falsefalsefalse3falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Non-Cash Activities:29false 3fil_ConversionOfDebtToEquityfil_falsecreditdurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse00falsefalsefalse2truefalsefalse00falsefalsefalse3truefalsefalse2668126681falsefalsefalsexbrli:monetaryItemTypemonetaryThe amount of the original debt being converted in a noncash (or part noncash) transaction. 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BALANCE SHEETS PARENTHETICALS (USD $)	Jun. 30, 2013	Dec. 31, 2012
Parentheticals
Preferred Stock, par value	$ 0.001	$ 0.001
Preferred Stock, shares authorized	10,000,000	10,000,000
Common Stock, par value	$ 0.001	$ 0.001
Common Stock, shares authorized	100,000,000	100,000,000
Common Stock, shares issued	12,500,000	12,500,000
Common Stock, shares outstanding	12,500,000	12,500,000

- Definition

Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.

+ References+ Details

- Definition

Face amount or stated value per share of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share.

+ References+ Details

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CONDENSED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended		61 Months Ended
CONDENSED STATEMENTS OF CASH FLOWS (USD $)	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013
Cash Flows From Operating Activities
Net loss	$ (21,503)	$ (15,244)	$ (726,276)
Adjustments to reconcile net loss to net cash used in operating activities:
Gain on forgiveness of debt	0	0	(27,768)
Shares issued for services	0	0	10,000
Corporate expenses paid by shareholders	17,252	16,210	78,126
Warrants issued for payment of services	0	0	10,900
Changes in operating assets and liabilities:
Prepaid expenses	2,363	0	0
Accounts payable and accrued expenses	1,888	(966)	93,809
Accounts payable - related party	0	0	90,427
Interest payable - related party	0	0	2,699
Net Cash Used In Operating Activities	0	0	(468,083)
Cash Flows From Financing Activities
Proceeds from sale of common stock, net of offering costs	0	0	336,000
Proceeds from donated capital	0	0	121,994
Proceeds from notes payable	0	0	65,000
Payments on notes payable	0	0	(55,000)
Proceeds from notes payable - related party	0	0	29,340
Payments to notes payable - related party	0	0	(29,251)
Net Cash Provided by Financing Activities	0	0	468,083
Net Increase (Decrease) In Cash	0	0	0
Cash, Beginning of Period	0	0	0
Cash, End of Period	0	0	0
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest	0	0	0
Cash paid for income taxes	0	0	0
Non-Cash Activities:
Conversion of debt to equity	0	0	26,681
Forgiveness of debt by principal owner credited to additional paid-in capital	0	0	93,215
Subscription receivable from Parent company	$ 0	$ 0	$ 50,000

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CONDENSED BALANCE SHEETS (USD $)	Jun. 30, 2013	Dec. 31, 2012
Current Assets
Cash	$ 0	$ 0
Prepaid Expenses	0	2,363
Total Current Assets	0	2,363
Total Assets	0	2,363
Current Liabilities
Accounts payable and accrued expenses	66,041	64,153
Total Current Liabilities	66,041	64,153
Total Liabilities	66,041	64,153
Stockholders' Deficit
Preferred stock - 10,000,000 shares authorized having a par value of $.001 per share; 0 shares issued and outstanding	0	0
Common stock - 100,000,000 shares authorized having a par value of $.001 per share; 12,500,000 shares issued and outstanding as of June 30, 2013 and December 31, 2012	12,500	12,500
Subscription receivable	(50,000)	(50,000)
Additional paid-in capital	697,735	680,483
Accumulated deficit during the development stage	(726,276)	(704,773)
Total Stockholders' Deficit	(66,041)	(61,790)
Total Liabilities and Stockholders' Deficit	$ 0	$ 2,363

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LIQUIDITY/GOING CONCERN

6 Months Ended

Jun. 30, 2013

LIQUIDITY/GOING CONCERN

LIQUIDITY/GOING CONCERN

NOTE 2 - LIQUIDITY/GOING CONCERN

- Definition

Disclosure of accounting policy for reporting when there is a substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time (generally a year from the balance sheet date). Disclose: (a) pertinent conditions and events giving rise to the assessment of substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time, (b) the possible effects of such conditions and events, (c) management's evaluation of the significance of those conditions and events and any mitigating factors, (d) possible discontinuance of operations, (e) management's plans (including relevant prospective financial information), and (f) information about the recoverability or classification of recorded asset amounts or the amounts or classification of liabilities. If management's plans alleviate the substantial doubt about the entity's ability to continue as a going concern, disclosure of the principal conditions and events that initially raised the substantial doubt about the entity's ability to continue as a going concern would be expected to be considered. Disclose whether operations for the current or prior years generated sufficient cash to cover current obligations, whether waivers were obtained from creditors relating to the company's default under the provisions of debt agreements and possible effects of such conditions and events, such as: whether there is a possible need to obtain additional financing (debt or equity) or to liquidate certain holdings to offset future cash flow deficiencies. Disclose appropriate parent company information when parent is dependent upon remittances from subsidiaries to satisfy its obligations.

+ References+ Details

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Document and Entity Information	6 Months Ended
Document and Entity Information	Jun. 30, 2013	Aug. 19, 2013
Document and Entity Information:
Entity Registrant Name	NORTHSIGHT CAPITAL, INC.
Document Type	10-Q
Document Period End Date	Jun. 30, 2013
Amendment Flag	false
Entity Central Index Key	0001439397
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		12,500,000
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2

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