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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) (USD $)
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2 Months Ended | 3 Months Ended | 6 Months Ended | 14 Months Ended | ||
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Jun. 30, 2011
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Jun. 30, 2012
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Jun. 30, 2012
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Jun. 30, 2012
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Dec. 31, 2011
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Apr. 29, 2011
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| Net loss attributable to American Strategic Minerals Corporation | $ (1,537) | $ (1,586,499) | $ (4,546,378) | $ (4,655,700) | ||
| Net cash used in operating activities | (655,775) | (685,123) | ||||
| Working Capital | 3,403,735 | 3,403,735 | 3,403,735 | |||
| Accumulated deficit | (4,655,700) | (4,655,700) | (4,655,700) | (109,322) | ||
| Non-cash expenses | 3,834,585 | |||||
| Cash | 3,315,294 | 3,315,294 | 3,315,294 | 129,152 | ||
| Excess Bank Balances Above FDIC Coverage | 3,060,000 | 3,060,000 | 3,060,000 | |||
| Prepaid expenses | 75,000 | 75,000 | 75,000 | |||
| Assets of discontinued operations - current portion | 20,000 | |||||
| Real estate held for sale | $ 254,016 | $ 254,016 | $ 254,016 | |||
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Warrants
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| [AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount] | 2,700,000 |
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- Definition
The amount of cash deposited in financial institutions as of the balance sheet date that exceeds the Federal Deposit Insurance Corporation insured coverage amount. No definition available.
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| X | ||||||||||
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- Definition
The amount of working capital the company has as of balance sheet date. No definition available.
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| X | ||||||||||
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- Definition
Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate value (measured at the lower of net carrying value or fair value less cost of disposal) for current assets (assets with expected useful life shorter than one year or one operating cycle, whichever is longer) of a disposal group, including a component of the entity (discontinued operation), to be sold or that has subsequently been disposed of through sale, as of the financial statement date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount 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. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Other expenses or losses included in net income that result in no cash outflows or inflows in the period and are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Carrying amount as of the balance sheet date of investments in land and buildings held for sale, excluding real estate considered to be inventory of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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