INTERDYNE CO - Quarter Report: 2011 December (Form 10-Q)

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For the transition period from : Not applicable

 

CALIFORNIA		95-2563023
(State or other jurisdiction of incorporation or organization)		(I.R.S.  Employer Identification No.)

26 Briarwood, Irvine, California		92604
(Address of principal executive offices)		(Zip 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  Noo

 

Large accelerated filer     o		Accelerated filer   o
Non-accelerated filer       o		Smaller reporting company      x
(do not check if a smaller reporting company)

 

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		12/31/2011				6/30/2011
		(Unaudited)				(Audited)
ASSETS
CURRENT ASSETS
Cash		$	9,217			$	9,265
Due from affiliate			238,706				236,615
TOTAL CURRENT ASSETS		$	247,923			$	245,880
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accrued professional fees		$	13,000			$	10,000
Accrued management fees to related party			18,500				15,500
Other accrued expenses			3,620				2,350
TOTAL CURRENT LIABILITIES		$	35,120			$	27,850
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, 40,000,000 shares issued and to be issued		$	500,000			$	500,000
Accumulated deficit			(287,197	)			(281,970	)
TOTAL STOCKHOLDERS' EQUITY		$	212,803			$	218,030
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		$	247,923			$	245,880

 

 

		Quarter Ended								Six Months Ended
		12/31/2011				12/31/2010				12/31/2011				12/31/2010
		(Unaudited)				(Unaudited)				(Unaudited)				(Unaudited)
INCOME
Interest earned		$	5,027			$	5,191			$	10,091			$	10,456
EXPENSES
General and administrative			5,780				5,520				11,518				9,664
Management Fees			1,500				1,500				3,000				3,000
		$	7,280			$	7,020			$	14,518			$	12,664
GROSS (LOSS)/PROFIT BEFORE TAXATION		$	(2,253	)		$	(1,829	)		$	(4,427	)		$	(2,208	)
TAXATION			0				0				(800	)			(800	)
NET LOSS AFTER TAXATION		$	(2,253	)		$	(1,829	)		$	(5,227	)		$	(3,008	)
NET LOSS PER SHARE		$	(0.0001	)		$	(0.0000	)		$	(0.0001	)		$	(0.0001	)

 

 

		Six Months Ended
		12/31/2011				12/31/2010
		(Unaudited)				(Unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss		$	(5,227	)			(3,008	)
Adjustments to reconcile net loss to net cash generated from/(used in) operating activities :
Increase/decrease resulting from changes in :
Accrued expense			7,270				5,502
			2,043				2,494
CASH FLOWS FROM FINANCING ACTIVITIES
Due from affiliate			(2,091	)			(456	)
Net cash used by financing activities			(2,091	)			(456	)
NET INCREASE (DECREASE) IN CASH			(48	)			2,038
CASH, BEGINNING OF PERIOD			9,265				7,807
CASH, END OF PERIOD		$	9,217			$	9,845