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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Interdyne Company (CE) | USOTC:ITDN | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0035 | 0.00 | 01:00:00 |
T | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
CALIFORNIA
|
95-2563023
|
(State or other jurisdiction of
|
(I.R.S. Employer
|
incorporation or organization)
|
Identification No.)
|
26 Briarwood, Irvine, California
|
92604
|
(Address of principal executive offices)
|
(Zip Code)
|
Large accelerated filer o
|
Accelerated filer o
|
Non-accelerated filer o
|
Smaller reporting company T
|
Page
|
||
PART I.
|
FINANCIAL INFORMATION
|
|
Item 1.
|
Financial Statements
|
|
3
|
||
4
|
||
5
|
||
6
|
||
Item 2.
|
6
|
|
Item 3.
|
6
|
|
Item 4.
|
6
|
|
PART II.
|
OTHER INFORMATION
|
|
Item 6.
|
8
|
|
9
|
Item 1. | Financial Statements |
9/30/2014
|
6/30/2014
|
|||||||
(Unaudited)
|
(Audited)
|
|||||||
ASSETS
|
||||||||
CURRENT ASSETS
|
||||||||
Cash
|
$
|
4,551
|
$
|
2,730
|
||||
OTHER ASSETS
|
||||||||
Due from affiliate
|
205,322
|
206,902
|
||||||
TOTAL ASSETS
|
$
|
209,873
|
$
|
209,632
|
||||
LIABILITIES AND STOCKHOLDERS' EQUITY
|
||||||||
CURRENT LIABILITIES
|
||||||||
Accrued professional fees
|
$
|
12,065
|
$
|
8,300
|
||||
Accrued management fees to related party
|
11,000
|
12,500
|
||||||
Other accrued expenses
|
3,928
|
3,167
|
||||||
Tax payable
|
800
|
-
|
||||||
Total current liabilities
|
27,793
|
23,967
|
||||||
STOCKHOLDERS' EQUITY
|
||||||||
Preferred stock, no par value, authorized 50,000,000 shares, no shares outstanding
|
-
|
-
|
||||||
Common stock, no par value, 100,000,000 shares authorized, 39,999,942 shares issued and outstanding
|
500,000
|
500,000
|
||||||
Accumulated deficit
|
(317,920
|
)
|
(314,335
|
)
|
||||
TOTAL STOCKHOLDERS' EQUITY
|
182,080
|
185,665
|
||||||
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
|
$
|
209,873
|
$
|
209,632
|
Three Months Ended
|
||||||||
9/30/2014
|
9/30/2013
|
|||||||
(Unaudited)
|
(Unaudited)
|
|||||||
EXPENSES
|
||||||||
Professional fees
|
$
|
3,765
|
$
|
3,515
|
||||
General and administrative
|
1,940
|
2,005
|
||||||
Management fees to related party
|
1,500
|
1,500
|
||||||
Total expenses
|
7,205
|
7,020
|
||||||
OTHER INCOME - Interest from affiliate
|
4,420
|
4,567
|
||||||
LOSS BEFORE INCOME TAXES
|
(2,785
|
)
|
(2,453
|
)
|
||||
INCOME TAXES
|
(800
|
)
|
(800
|
)
|
||||
NET LOSS
|
$
|
(3,585
|
)
|
$
|
(3,253
|
)
|
||
BASIC AND DILUTED LOSS PER SHARE
|
-
|
-
|
||||||
BASIC AND DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING
|
39,999,942
|
39,999,942
|
Three Months Ended
|
||||||||
9/30/2014
|
9/30/2013
|
|||||||
(Unaudited)
|
(Unaudited)
|
|||||||
CASH FLOWS FROM OPERATING ACTIVITIES
|
||||||||
Net loss
|
$
|
(3,585
|
)
|
$
|
(3,253
|
)
|
||
Adjustments to reconcile net loss to net cash used in operating activities
|
||||||||
Changes in operating assets and liabilites
|
||||||||
Accrued interest
|
(4,420
|
)
|
(4,567
|
)
|
||||
Accrued expenses
|
3,026
|
3,679
|
||||||
Tax payable
|
800
|
-
|
||||||
Net cash used in operating activities
|
(4,179
|
)
|
(4,141
|
)
|
||||
CASH FLOWS FROM FINANCING ACTIVITIES
|
||||||||
Cash received from affiliate
|
6,000
|
7,800
|
||||||
Net cash provided by financing activities
|
6,000
|
7,800
|
||||||
INCREASE IN CASH
|
1,821
|
3,659
|
||||||
CASH, BEGINNING OF PERIOD
|
2,730
|
6,427
|
||||||
CASH, END OF PERIOD
|
$
|
4,551
|
$
|
10,086
|
||||
Supplemental Cash Flow Disclosures:
|
||||||||
Cash paid for:
|
||||||||
Income taxes
|
$
|
-
|
$
|
800
|
Item 1. | Legal Proceedings |
Item 1A. | Risk Factors. |
Item 2. | Unregistered Sale of Equity Securities and Use of Proceeds. |
Item 3. | Defaults upon Senior Securities. |
Item 4. | Submission of Matters to a Vote of Security Holders. |
Item 5. | Other Information. |
a. | 31.1 Certification of the Company's Chief Executive Officer, Sun Tze Whang, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
b. | 31.2 Certification of the Company's Chief Financial Officer/Principal Accounting Officer, Kit H. Tan, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
c. | 32 Certification of the Company's Chief Executive Officer and Chief Financial Officer/Principal Accounting Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
d. | 101.INS XBRL Instance Document |
e. | 101.SCH XBRL Taxonomy Extension Schema Document |
f. | 101.CAL XBRL Taxonomy Extension Calculation Linkbase Document |
g. | 101.LAB XBRL Taxonomy Extension Label Linkbase Document |
h. | 101.PRE XBRL Taxonomy Extension Presentation Linkbase Document |
Date : October 31, 2014
|
By :
|
/s/Sun Tze Whang
|
By :
|
/s/Kit H. Tan
|
1. | I have reviewed this quarterly report on Form 10-Q of Interdyne Company; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |
4. | The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |
a. | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
b. | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
c. | Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and |
d. | Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (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 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: October 31, 2014
|
/s/ Sun Tze Whang
|
Sun Tze Whang
|
|
Chief Executive Officer
|
1. | I have reviewed this quarterly report on Form 10-Q of Interdyne Company; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |
4. | The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |
a. | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
b. | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
c. | Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and |
d. | Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (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 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: October 31, 2014
|
/s/ Kit H. Tan
|
Kit H. Tan
|
|
Director//Chief Financial Officer/Principal Accounting Officer
|
1. | The Report fully complies with the requirements of section 3(a) or 15(d) of the Securities Exchange Act of 1934; and |
2. | The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company. |
Date: October 31, 2014
|
/s/ Sun Tze Whang
|
Sun Tze Whang
|
|
Chief Executive Officer
|
|
/s/ Kit H. Tan
|
|
Kit H. Tan
|
|
Director/Chief Financial Officer/Principal Accounting Officer
|
1 Year Interdyne (CE) Chart |
1 Month Interdyne (CE) Chart |
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