Document and Entity Information
Document and Entity Information | 3 Months Ended |
Mar. 31, 2016shares | |
Document and Entity Information [Abstract] | |
Entity Registrant Name | INTERDYNE CO |
Entity Central Index Key | 51,011 |
Current Fiscal Year End Date | --06-30 |
Entity Filer Category | Smaller Reporting Company |
Document Type | 10-Q |
Document Period End Date | Mar. 31, 2016 |
Document Fiscal Year Focus | 2,016 |
Document Fiscal Period Focus | Q3 |
Entity Common Stock Shares Outstanding | 39,999,942 |
Entity Well Known Seasoned Issuer | No |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Amendment Flag | false |
CONDENSED BALANCE SHEETS
CONDENSED BALANCE SHEETS - USD ($) | Mar. 31, 2016 | Jun. 30, 2015 |
CURRENT ASSETS | ||
Cash | $ 6,011 | $ 7,565 |
OTHER ASSETS | ||
Due from affiliate | 190,037 | $ 196,899 |
TOTAL CURRENT ASSETS | 196,048 | |
CURRENT LIABILITIES | ||
Accrued professional fees | 12,550 | $ 10,000 |
Accrued management fees to related party | 20,000 | 15,500 |
Other accrued expenses | 2,855 | 4,758 |
TOTAL CURRENT LIABILITIES | $ 35,405 | $ 30,258 |
STOCKHOLDERS' EQUITY | ||
Preferred stock, no par value, 50,000,000 shares authorized, no shares outstanding | ||
Common stock, no par value, 100,000,000 shares authorized, 39,999,942 shares issued and to be issued | $ 500,000 | $ 500,000 |
Accumulated deficit | (339,357) | (325,794) |
TOTAL STOCKHOLDERS' EQUITY | 160,643 | 174,206 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 196,048 | $ 204,464 |
CONDENSED BALANCE SHEETS (Paren
CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares | Mar. 31, 2016 | Jun. 30, 2015 |
STOCKHOLDERS' EQUITY | ||
Preferred stock, par value (in Dollars per Share) | $ 0 | $ 0 |
Preferred stock, shares authorized (in Shares) | 50,000,000 | 50,000,000 |
Preferred stock, shares outstanding (in Shares) | 0 | 0 |
Common stock, par value (in Dollars per Share) | $ 0 | $ 0 |
Common stock, shares authorized (in Shares) | 100,000,000 | 100,000,000 |
Common stock, shares issued and to be issued (in Shares) | 39,999,942 | 39,999,942 |
CONDENSED STATEMENTS OF OPERATI
CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | |
EXPENSES | ||||
Professional fees | $ 6,200 | $ 3,500 | $ 14,365 | $ 10,815 |
General and administrative | 1,942 | 1,926 | 6,011 | 5,753 |
Management Fees | 1,500 | 1,500 | 4,500 | 4,500 |
TOTAL EXPENSES | 9,642 | 6,926 | 24,876 | 21,068 |
OTHER INCOME - interest from affiliate | 3,982 | 4,206 | 12,113 | 12,858 |
LOSS BEFORE INCOME TAXES | $ (5,660) | $ (2,720) | (12,763) | (8,210) |
INCOME TAX EXPENSE | (800) | (800) | ||
NET LOSS | $ (5,660) | $ (2,720) | $ (13,563) | $ (9,010) |
BASIC AND DILUTED LOSS PER SHARE (in Dollars per Share) | $ 0 | $ 0 | $ 0 | $ 0 |
BASIC AND DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING (in Shares) | 39,999,942 | 39,999,942 | 39,999,942 | 39,999,942 |
CONDENSED STATEMENTS OF CASH FL
CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 9 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net loss | $ (13,563) | $ (9,010) |
Changes In operating assets and liabilites | ||
Accrued interest income | (12,113) | (12,858) |
Accrued expense | 5,147 | 2,900 |
Net cash used by operating activities | (20,529) | (18,968) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Cash received from affiliate | 18,975 | 19,000 |
Net cash provided by financing activities | 18,975 | 19,000 |
NET INCREASE (DECREASE) IN CASH | (1,554) | 32 |
CASH, BEGINNING OF PERIOD | 7,565 | 2,730 |
CASH, END OF PERIOD | 6,011 | 2,762 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||
Income taxes paid | $ 800 | $ 800 |
Interim Financial Statements
Interim Financial Statements | 3 Months Ended |
Mar. 31, 2016 | |
Interim Financial Statements [Abstract] | |
Interim Financial Statements | Note 1. Interim Financial Statements The accompanying financial statements are unaudited, but in the opinion of the management of Interdyne Company (“the Company”), contain all adjustments, consisting of only normal recurring accruals, necessary to present fairly the financial position as of March 31, 2016 and the results of operations for the three and nine months ended March 31, 2016 and 2015 and changes in cash flows for the nine months ended March 31, 2016 and 2015. Certain information and footnote disclosures normally included in financial statements that have been prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission, although management of the Company believes that the disclosures contained in these financial statements are adequate to make the information presented therein not misleading. For further information, refer to the financial statements and footnotes thereto included in the Company's Annual Report in Form 10-K as of June 30, 2015, as filed with the Securities and Exchange Commission. The results of operations for the three months ended March 31, 2016 are not necessarily indicative of the results of operations to be expected for the full fiscal year ending June 30, 2016. |
Changes in Significant Accounti
Changes in Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2016 | |
Changes in Significant Accounting Policies [Abstract] | |
Changes in Significant Accounting Policies | Note 2. Changes in Significant Accounting Policies There are no newly issued accounting pronouncements that the Company expects to have a material effect on the financial statements and there have been no changes in our significant accounting policies. |
Due from affiliate
Due from affiliate | 3 Months Ended |
Mar. 31, 2016 | |
Due from affiliate [Abstract] | |
Due from affiliate | Note 3. Due from affiliate In prior years, the Company made advances to Acculogic, Inc., an affiliated company through common ownership and management. The advances bear interest at 8.5% per annum, payable on demand. The balance including interest is guaranteed by another affiliated company. During the nine months ended March 31, 2016 and 2015 the Company received $18,975 and $19,000, respectively, from Acculogic, Inc. as repayments against the advances and accrued interest due. |
Due from affiliate (Narrative)
Due from affiliate (Narrative) (Details) - USD ($) | 3 Months Ended | 9 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2016 | Mar. 31, 2015 | |
Due from affiliate [Abstract] | |||
Annual interest on advances (in Percent) | 8.50% | ||
Cash received from affiliate | $ 18,975 | $ 19,000 |