UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-K

x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended June 30, 20142017
OR
o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File No. 0-4454

INTERDYNE COMPANY
(Exact name of registrant as specified in its charter)

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

26 Briarwood
Irvine, CA
92604
(Address of principal executive offices)
(Zip Code)

Registrant's telephone number, including area code:  (805) 322-3883

Securities registered pursuant to Section 12(b) of the Act:  None

Securities registered pursuant to Section 12(g) of the Act: Common Stock, no par value

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
Yes o  No x

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
Yes o  No x

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 o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data 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 o

Check if there is no disclosure of delinquent filers in response to Item 405 of Regulation S-K contained in this form, and no disclosure will be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. x

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company, or an emerging growth company.  See the definitions of “large accelerated filer,” “accelerated filer”filer,”  “smaller reporting company,” and “smaller reporting“emerging growth company” in Rule 12b-2 of the Exchange Act.  (Check one):

Large accelerated Filer  o
Accelerated filer  o
Non-accelerated filer  o
Smaller reporting company  x
Emerging growth company  ☒


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  
Indicate by check whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes x  No o
 
Total revenues for registrantsregistrant’s fiscal year ended June 30, 20142017 were zero.

The aggregate market value of voting Common Stock held by non-affiliates of the Registrationregistrant on December 31, 20132016 was $105,080.$284,000.

As of August 31, 2014,September 13, 2017, there were 39,999,942 shares of Common Stock, no par value, issued and outstanding.

Transfer Agent for the Company is: OTR Inc., 1001 SW Fifth Ave., Suite 1550, Portland, OR 97204-1143, Tel: 503-225-0375.
 


FORM 10-K
INTERDYNE COMPANY
INDEX
PART I
Item 1.3
Item 2.3
Item 3.3
Item 4.3
PART II
Item 5.3
Item 6.4
Item 7.4
Item 7A.5
Item 8.5
Item 9.13
Item 9A.13
Item 9B.14
PART III
Item 10.14
Item 11.15
Item 12.15
Item 13.15
Item 14.16
Item 15.16
17
2

For purposes of this report, unless otherwise indicated or the context otherwise requires, all references herein to “Interdyne Company”, “the Company”, “we,” “us,” and “our,” refer to Interdyne Company, a California corporation.

Forward-Looking Statements

The following discussion contains forward-looking statements regarding us, our business, prospects and results of operations that are subject to certain risks and uncertainties posed by many factors and events that could cause our actual business, prospects and results of operations to differ materially from those that may be anticipated by such forward-looking statements. Factors that may affect such forward-looking statements include, without limitation: our ability to successfully develop new products and services for new markets; the impact of competition on our revenues, changes in law or regulatory requirements that adversely affect or preclude clients from using us for certain applications; delays our introduction of new products or services; and our failure to keep pace with our competitors.

When used in this discussion, words such as “believes”, “anticipates”, “expects”, “intends” and similar expressions are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. We undertake no obligation to revise any forward-looking statements in order to reflect events or circumstances that may subsequently arise. Readers are urged to carefully review and consider the various disclosures made by us in this report and other reports filed with the Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that may affect our business.

PART I

ITEM 1.
BUSINESS

The Company is currently dormant and is looking for new opportunities.

ITEM 2.
PROPERTIES

The Company uses the home office of an officer. This officer at 26 Briarwood, Irvine, CA 92604, and was charged management fees bycharges the officer ofCompany $6,000 per annum during fiscal years 20142017 and 20132016 for the use of thehis home office and for providing accounting and other services.

ITEM 3.
LEGAL PROCEEDINGS

The Company is not a party to any pending legal proceedings and no such proceedings are known to be contemplated.

ITEM 4.
SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

No matter was submitted to a vote of security holders of the Company during the fiscal year 2014.2017.

PART II

ITEM 5.
MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

The following table sets forth the range of low and high bid prices for the Company's common stock, for each fiscal quarter commencing July 1, 20112014 and ending June 30, 2014.2017. The prices for year ended June 30, 20142017 were extracted from the Nasdaq website. Such quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and do not necessarily represent actual transactions.

2011 Low  High 
Quarter ended September 30 $0.0074  $0.015 
Quarter ended December 31 $0.0074  $0.0075 
 
        
2012        
Quarter ended March 31 $0.0075  $0.0075 
Quarter ended June 30 $0.0051  $0.045 
Quarter ended September 30 $0.015  $0.034 
Quarter ended December 31 $0.0022  $0.02 
 
        
2013        
Quarter ended March 31 $0.01  $0.02 
Quarter ended June 30 $0.01  $0.02 
Quarter ended September 30 $0.0023  $0.045 
Quarter ended December 31 $0.022  $0.022 
 
        
2014        
Quarter ended March 31 $0.022  $0.022 
Quarter ended June 30 $0.015  $0.022 

3

2014 Low  High 
Quarter ended September 30 $0.015  $0.018 
Quarter ended December 31 $0.015  $0.0186 
         
2015        
Quarter ended March 31 $0.015  $0.0156 
Quarter ended June 30 $0.015  $0.02 
Quarter ended September 30 $0.0151  $0.0171 
Quarter ended December 31 $0.0085  $0.02 
         
2016        
Quarter ended March 31 $0.0085  $0.0085 
Quarter ended June 30 $0.0085  $0.009 
Quarter ended September 30 $0.009  $0.009 
Quarter ended December 31 $0.009  $0.02 
         
2017        
Quarter ended March 31 $0.011  $0.02 
Quarter ended June 30 $0.011  $0.07 

As of August 31, 2014,2017, the high and low bid prices for the Company's Common Stock were $0.017$0.015 and $0.017$0.015 respectively. There were approximately 1,6241,620 record owners of such Common Stock. To management's knowledge, the Company has never paid dividends on its common stock. The Company does not intend to pay dividends in the foreseeable future.

ITEM 6.
SELECTED FINANCIAL DATA

Not applicable to smaller reporting companies.

ITEM 7.
MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

The following discussion should be read in conjunction with the Company’s financial statements.

The Company is currently dormant.dormant and is looking for new opportunities.
Results of Operations

The Company is currently dormant and therefore does not generate any revenue other than the interest income it earns from the advances to an affiliated company detailed below.

Between October 8, 1990 and June 30, 1991, the Company made advances to Acculogic, Inc., an affiliate, totaling $395,000. At June 30, 2014, the2017, there was no outstanding balance including interest totaled $206,902.due from Acculogic, Inc. The advances bear interest at a rate of 8.5% per annum and is payable on demand. Interest earned from the affiliate was $17,829$1,100 and $19,240$16,180 for the years ended June 30, 20142017 and 2013,2016, respectively. On July 25, 2016, the outstanding amount of $195,204 due from Acculogic, Inc. was repaid in full.

The cash needsFor the year ended June 30, 2017, the following expenses were incurred:

1.Professional fees of $11,796 for auditing and $600 for tax preparation compared to $10,165 and $750, respectively, in the previous year;
2.General and administrative expenses totaled $10,222 compared to $9,217 in the previous year;
3.Management fee of $6,000 remained unchanged compared to the previous year’s.

As a result of a much lower interest income from Acculogic, Inc., $1,100 in this fiscal year compared to $16,180 in the previous year, the Company will be funded by collections from amounts due fromreported a higher net loss of $28,318 compared to a net loss of $10,752 in the previous year.
4

Liquidity and Capital Resources

For year ended June 30, 2017, Acculogic, Inc. repaid the Company the full amount outstanding of $195,204. As of June 30, 2017, the Company has a cash balance of $147,611. The Company has sufficient cash in hand to fund its affiliate. (See paragraphoperations for the next twelve months.

Off-Balance Sheet Arrangements
The Company does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on Certain Relationships and Related Transactionsits financial condition, changes in Item 13).financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

Employees

The Company presently has no employees and is managed by the two incumbent directors: Sun Tze Whang, Chairman of the Board and Chief Executive Officer, and Kit Heng Tan, Chief Financial Officer/Principal Accounting Officer and Secretary. Kit Heng Tan charged the Company the sum of $6,000 per annum for fiscal years 20142017 and 20132016 for providing accounting and other services and also for the use of his home office. Neither of the Company's officers is currently represented by any labor union.

ITEM 7.7A.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable to smaller reporting companies.

ITEM 8.
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

The audited financial statements as of June 30, 20142017 and June 30, 20132016 and for the years then ended are set forth on the following pages.
5

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Report of Independent Registered Public Accounting Firm
To the
Board of Directors and Shareholders of Stockholders
Interdyne Company:Company

We have audited the accompanying balance sheets of Interdyne Company (the "Company"“Company”) as of June 30, 20142017 and 20132016, and the related statements of operations, and accumulated deficit,stockholders’ equity, and cash flows for eachthe years then ended. These financial statements are the responsibility of the years in the two-year period ended June 30, 2014. The Company’s management is responsible for these financial statements.entity’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the auditsan audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our auditaudits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Interdyne Company as of June 30, 20142017 and 2013,2016, and the results of its operations and its cash flows for each of the years in the two-year periodthen ended, June 30, 2014 in conformity with accounting principles generally accepted in the United States of America.

/s/s Farber Hass Hurley MaloneBailey, LLP
Camarillo, Californiawww.malonebailey.com
Houston, Texas
September 18, 201413, 2017
6

INTERDYNE COMPANY
BALANCE SHEETS
JUNE 30, 2017 AND 2016

BALANCE SHEETS 
JUNE 30, 2014 AND 2013 
 
  
 
ASSETS 2014  2013  2017  2016 
 
  
       
CURRENT ASSETS: 
  
       
Cash $2,730  $6,427  $147,611  $2,065 
        
OTHER ASSETS:        
Due from affiliate  206,902   217,340 
Due from related party  -   194,104 
Total current assets $147,611  $196,169 
                
TOTAL ASSETS $209,632  $223,767  $147,611  $196,169 
                
LIABILITIES AND STOCKHOLDERS’ EQUITY                
                
CURRENT LIABILITIES:                
Accrued professional fees $8,300  $8,300  $7,100  $6,600 
Accrued management fees to related party  12,500   15,500 
Due to related party  3,000   22,149 
Other accrued expenses  3,167   3,943   2,375   3,966 
Total current liabilities  23,967   27,743   12,475   32,715 
                
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 
Preferred stock, no par value; 50,000,000 shares authorized; 0 shares issued and outstanding  -   - 
Common stock, no par value; 100,000,000 shares authorized; 39,999,942 shares issued and outstanding as of June 30, 2017 and 2016  500,000   500,000 
Accumulated deficit  (314,335)  (303,976)  (364,864)  (336,546)
Total stockholders' equity  185,665   196,024  135,136   163,454 
                
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $209,632  $223,767  $147,611  $196,169 

See accompanying notes to financial statements.
2
7

INTERDYNE COMPANY
STATEMENTS OF OPERATIONS
FOR THE YEARS ENDED JUNE 30, 2017 AND 2016

STATEMENTS OF OPERATIONS AND ACCUMULATED DEFICIT 
JUNE 30, 2014 AND 2013 
 
 
  
 
 
 2014  2013 
 
 
  
 
EXPENSES: 
  
 
Professional fees $12,815  $12,865 
General and administrative  8,573   10,496 
Management fees to related party  6,000   6,000 
Total expenses  27,388   29,361 
 
        
OTHER INCOME – Interest from affiliate  17,829   19,240 
 
        
LOSS BEFORE INCOME TAXES  (9,559)  (10,121)
 
        
INCOME TAXES  800   800 
 
        
NET LOSS  (10,359)  (10,921)
 
        
ACCUMULATED DEFICIT, BEGINNING OF YEAR  (303,976)  (293,055)
 
        
ACCUMULATED DEFICIT, END OF YEAR $(314,335) $(303,976)
 
        
NET LOSS PER SHARE BASIC AND DILUTED $0.00  $0.01 
 
        
WEIGHTED AVERAGE SHARES OUTSTANDING BASIC AND DILUTED  39,999,942   39,999,942 
  2017  2016 
       
OPERATING EXPENSES:      
Professional fees $12,396  $10,915 
General and administrative  10,222   9,217 
Management fees to related party  6,000   6,000 
Total expenses  28,618   26,132 
         
OPERATING LOSS  (28,618)  (26,132)
         
OTHER INCOME:        
Interest from related party  1,100   16,180 
Total other income  1,100   16,180 
         
LOSS BEFORE INCOME TAXES  (27,518)  (9,952)
         
INCOME TAX EXPENSE  (800)  (800)
         
NET LOSS $(28,318) $(10,752)
         
NET LOSS PER COMMON SHARE        
BASIC AND DILUTED $(0.00) $(0.00)
         
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
BASIC AND DILUTED  39,999,942   39,999,942 

See accompanying notes to financial statements.
3
8

INTERDYNE COMPANY
STATEMENTS OF STOCKHOLDERS’ EQUITY
FOR THE YEARS ENDED JUNE 30, 2017 AND 2016

STATEMENTS OF CASH FLOWS 
FOR THE YEARS ENDED JUNE 30, 2014 AND 2013 
    
 
 2014  2013 
 
 
  
 
CASH FLOWS FROM OPERATING ACTIVITIES: 
  
 
Net loss $(10,359) $(10,921)
Adjustments to reconcile net loss to net cash used in operating activities:  -   - 
Changes in operating assets and liabilities:        
Accrued interest  (17,829)  (19,240)
Accrued expenses  (3,775)  (5,372)
Net cash used in operating activities  (31,963)  (35,533)
 
        
CASH FLOWS FROM FINANCING ACTIVITIES:        
Cash received from affiliate  28,266   38,696 
Net cash provided by financing activities  28,266   38,696 
 
        
Net increase/(decrease) in cash  (3,697)  3,163 
 
        
CASH, BEGINNING OF YEAR  6,427   3,264 
 
        
CASH, END OF YEAR $2,730  $6,427 
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION - Income tax paid $800  $800 
  Common Stock  
Additional
Paid-in
  Accumulated  
Total
Stockholders’
 
  Shares  Amount  Capital  Deficit  Equity 
                
Balance, June 30, 2015  39,999,942  $500,000  $-  $(325,794) $174,206 
Net Loss              (10,752)  (10,752)
Balance, June 30, 2016  39,999,942   500,000   -   (336,546)  163,454 
Net Loss              (28,318)  (28,318)
Balance, June 30, 2017  39,999,942  $500,000  $-  $(364,864) $135,136 

See accompanying notes to financial statements.
4
9

INTERDYNE COMPANY
STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED JUNE 30, 2017 AND 2016

  2017  2016 
       
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $(28,318) $(10,752)
Adjustments to reconcile net loss to net cash used in operating activities:        
Changes in operating assets and liabilities:        
Interest due from related party  (1,100)  (16,180)
Due to related party  (18,500)  6,624 
Accrued professional fees  500   (3,400)
Other accrued expenses  (1,566)  (767)
Net cash used in operating activities  (48,984)  (24,475)
         
CASH FLOWS FROM INVESTING ACTIVITIES:        
Cash received from related party  195,204   18,975 
Net cash provided by investing activities  195,204   18,975 
         
CASH FLOWS FROM FINANCING ACTIVITIES:        
Repayment to related party  (674)  - 
Net cash used in financing activities  (674)  - 
         
Net increase/ (decrease) in cash  145,546   (5,500)
         
CASH, BEGINNING OF YEAR  2,065   7,565 
         
CASH, END OF YEAR $147,611  $2,065 
         
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION        
Income taxes paid $800  $800 
Interest paid $-  $- 
         
NON-CASH TRANSACTIONS        
Operation expenses paid by related party $25  $25 

See accompanying notes to financial statements.
10

INTERDYNE COMPANY
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2017 and 2016

1.NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Business - Interdyne Company (the "Company") was incorporated in October 1946 in the state of California. The Company is a dormant shell currently seeking new opportunities. On November 22, 1988, the Company filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Central District of California. On May 17, 1990, the Company’s Amended Plan of Reorganization (the “Plan”) was confirmed by Bankruptcy Court, and the Plan became effective May 29, 1990. On July 20, 1990, the Bankruptcy Court approved a stipulation for nonmaterial modifications to the Plan. All claims and interest have been settled in accordance with the terms of the Plan. On August 22, 1990, the Board of Directors approved a change in the Company’s year-end to June 30, pursuant to the Plan.

CashRelated party – The Company follows ASC 850, “Related Party Disclosure”, for the identification of related parties and Cash Equivalents – For purposesdisclosure of related party transactions. A party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of the statementCompany, its management, members of cash flows,the immediate families of principal owners of the Company considers all highly liquid debt instruments purchasedand its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an original maturityextent that one of three monthsthe transacting parties might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or lessoperating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party.

Transactions involving related parties cannot be presumed to be cash equivalents.carried out on an arm’s-length basis, as the requisite conditions of competitive, free-market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated.

Concentrations of Credit RiskThe Company does not have any asset that exposes it to credit risk.
Financial instruments, which potentially subject the Company to concentrations of credit risk, consist principally of a receivable due from an affiliate. Due to a guarantee of the amount by a different credit-worthy affiliate, an allowance for possible losses has not been made.

Income Taxes – The Company accounts for income taxes in accordance with the provisions of the Financial Accounting Standards Board (“FASB”) codified within Accounting Standards Codification (“ASC”) Topic No. 740-10, Income Taxes. Deferred income taxes are recognized for the temporary differences between the tax basis of assets and liabilities and their financial reporting amounts. The Company assesses, on an annual basis, the realizability of its deferred tax assets. A valuation allowance for deferred tax assets is established if, based upon available evidence, it is more likely than not that all or a portion of the deferred tax assets will not be realized.

Use of Estimates – The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make certain estimates and assumptions that affect the reported amounts and timing of revenues and expenses, the reported amounts and classification of assets and liabilities, and the disclosure of contingent assets and liabilities. These estimates and assumptions are based on the Company’s historical results as well as management’s future expectations.  The Company’s actual results may vary from those estimates and assumptions.

Reclassifications – Certain prior year amounts have been reclassified to conform with the current year presentation. These reclassifications had no impact on net earnings and financial position.

Net Loss per Share – The Company adopted ASC No. 260, “Earnings Per Share”, that requires the reporting of both basic and diluted earnings (loss) per share. Basic earnings (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. In accordance with ASC No. 260, “Earnings Per Share”, any anti-dilutive effects on net income (loss) per share are excluded. The Company has no potentially dilutive securities outstanding for any years presented. Weighted average shares for computing net loss per share were 39,999,942 for each of the years presented.
 
11

Fair value of Financial Instruments- The Company applies the provisions of accounting guidance, FASB Topic ASC 825 that requires all entities to disclose the fair value of financial instruments, both assets and liabilities recognized and not recognized on the balance sheet, for which it is practicable to estimate fair value, and defines fair value of a financial instrument as the amount at which the instrument could be exchanged in a current transaction between willing parties.

Fair value Measurement- Our financial instruments consist principally of cash, due from related party, accrued professional fee, due to related party and other accrued expenses. ASC 820, Fair Value Measurements and Disclosures and ASC 825, Financial Instruments establish a framework for measuring fair value, establishes a fair value hierarchy based on the quality of inputs used to measure fair value, and enhances disclosure requirements for fair value measurements.
Fair Value Hierarchy
The Company has categorized its financial instruments, based on the priority of inputs to the valuation technique, into a three-level fair value hierarchy. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3).
Financial assets and liabilities recorded on the balance sheet are categorized based on the inputs to the valuation techniques as follows:
Level 1Financial assets and liabilities for which values are based on unadjusted quoted prices for identical assets or liabilities in an active market that management has the ability to access.
Level 2Financial assets and liabilities for which values are based on quoted prices in markets that are not active or model inputs that are observable either directly or indirectly for substantially the full term of the asset or liability (commodity derivatives and interest rate swaps).
Level 3Financial assets and liabilities for which values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement.  These inputs reflect management’s own assumptions about the assumptions a market participant would use in pricing the asset or liability.

When the inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement in its entirety. The carrying amounts of cash, accrued professional fees and other accrued expenses approximate fair value because of the short-term nature of these items. Per ASC Topic 820 framework these are considered Level 3 inputs where estimates are unobservable by market participants outside of the Company and must be estimated using assumptions developed by the Company.

It is not, however, practical to determine the fair value of amounts due from related party and due to related party because the transactions cannot be assumed to have been consummated at arm’s length, the terms are not deemed to be market terms, there are no quoted values available for these instruments, and an independent valuation would not be practical due to the lack of data regarding similar instruments, if any, and the associated potential costs.

Recent Accounting Pronouncements –In July 2013, the FASB issued ASU No. 2013-11, Topic 740 - Income Taxes ("ASU 2013-11") which provides guidance to the presentation of an unrecognized tax benefit when a net operating loss carry forward, a similar tax loss, or a tax credit carry forward exists. ASU 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The Company intends to adopt this standard in the first quarter of fiscal 2014 and does not expect the adoption will have an impact on its consolidated financial statements.

Management–Management has reviewed otherall recent accounting pronouncements and determined that none will have a material impact on the Company’s present or future financial statements.
5

2.RELATED PARTY TRANSACTIONS

In prior years, the Company made advances to Acculogic, Inc., an affiliated company through common ownership and management. The advances bear interest at a rate of 8.5% per annum, and are payable on demand. Interest recorded from the affiliate totaled $17,829 and $19,240, respectively, for the years ended June 30, 2014 and 2013. The outstanding balance including interest was $206,902guaranteed by AMT Datasouth Corp., an affiliated company controlled by the Chief Executive Officer of the Company. The balance due from Acculogic Inc. as of June 30, 2014 and $217,340 as of June 30, 2013 and is guaranteed by another affiliated company, until2016 was $194,104 including interests. On July 25, 2016, the receivabletotal amount due from Acculogic, Inc. has been satisfied or discharged.repaid in full and consequently the guarantee ceased to be valid.

An officer of the Company charged a management fee totaling $6,000 for each of the years ended June 30, 20142017 and 20132016 for the use of a home office, accounting and other services. During the years ended June 30, 2017 and 2016, the officer also paid operating expense of $25 and $25, respectively, on behalf of the Company to support the Company’s operation. During the year ended June 30, 2017, the Company repaid $674 to this officer for the expense paid on behalf of the Company. The amount payablebalance due to this officer was $12,500$3,000 and $15,500$22,149 as of June 30, 20142017 and June 30, 2013,2016, respectively. The amounts due to this officer are unsecured, bearing no interest and are repayable on demand.

12

3.INCOME TAXES

Income taxes for the years ended June 30, 20142017 and 20132016 represent state minimum franchise tax of $800. The Company had net operating loss carryovers for Federalfederal income tax purposes totaling approximately $48,269$98,797 and $37,910, for$70,480, as of the years ended June 30, 20142017 and 2013,2016, respectively. The ultimate realization of such loss carryovers will be dependent on the Company attaining future taxable earnings. Based on the level of historical operating results and projections of future taxable earnings, management believes that it is more likely than not that the Company will not be able to utilize the benefits of these carryovers. Therefore, in accordance with FASB ASC 740-10, a full valuation allowance has been providedrecorded against the gross deferred tax assets arising from thesethe June 30, 2017 and 2016 loss carryovers.carryovers based on 34% enacted federal tax rate in the amount of $33,591 and $23,964, respectively. If not utilized, the carryovers expire beginning in fiscal 2028.2026.

The Company files income tax returns in the U.S. federal jurisdiction and in the state of California. With few exceptions, the Company is no longer subject to U.S. Federalfederal and state tax examinations by tax authorities for the years ending June 30, 20102011 and earlier. According to Section 382 of the Internal Revenue Code of 1986, as amended (the "Code"), ownership changes may limit the amount of the NOL carry forwards that can be utilized annually to offset future taxable income and tax, respectively.

4.MANAGEMENT'S PLANS (UNAUDITED)Commitments and Contingencies

ManagementIn March 2017, the Company received a letter from the County of Santa Clara, California, which claimed that the Company is exploring opportunities for a merger candidatedelinquent on its property taxes relating to tax year 1988/1989 in the amount of $80,238.07 including penalties which will bring valueshould be paid immediately. The Company believes that these property taxes were related to the Company. In addition, managementperiod prior to the filing of the reorganization of the Company under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Central District of California on November 22, 1988 and the eventual confirmation of the Company’s Amended Plan of Reorganization (the “Plan”) by the Bankruptcy Court on May 17, 1990, and thus have been settled in accordance with the terms of the Plan and are therefore invalid. The Company has informed the County of Santa Clara that if it wants to assert its claim, it would have to petition to the Bankruptcy Court for relief. The Company does not recognize the said claim and therefore has not recorded any tax liabilities related to this claim. If the County of Santa Clara claim is confident that amounts received from its receivable willadjudicated to be adequate to fund its cash needs through June 30, 2015.valid and the Company is liable, the tax liabilities imposed could have a material effect on the Company’s result of operations and financial position.

ITEM 9.
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSUREDISCLOSURES

The Company has not had any disagreements with its independent auditor on any matter of accounting principles or practices or financial statements disclosure.None.

ITEM 9A.
CONTROLS AND PROCEDURES

Disclosure Controls - The Company’s management, comprising the Chief Executive Officer and Chief Financial Officer/Principal Accounting Officer, areis responsible for establishing and maintaining disclosure controls and procedures for the Company. Management has designed such disclosure controls and procedures to ensure that material information is made known to them, particularly during the period in which this report was prepared. As of the end of the period covered by this report, our management carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (or Exchange Act)).  Based on this evaluation, as of the end of the period covered by this report, our management has concluded that our disclosure controls and procedures are not effective considering the fact that the Company, being dormant, has only one person on staff, the Chief Financial Officer/Principal Accounting Officer, to (1) handle all accounting transactions (consisting of primarily collecting funds from a related party and paying all expenses, including fees to this same officer); (2) reconcile the bank account, and (3) prepare all financial statement disclosures. The above duties have no supervision or review to insure proper segregation of duties and review of disclosures. As a result, material weaknesses over disclosure controls and procedures exist.
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Management's Report on Internal Control Over Financial Reporting – The Company’s management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Exchange Act Rule 13a-15(f). The Company’s management conducted an evaluation of the effectiveness of the Company’s internal control over financial reporting as of June 30, 20142017 based on the criteria set forth in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organization of the Treadway Commission. Based on this evaluation, our management has concluded that our internal control over financial reporting was not effective as of June 30, 2014 considering the fact that the Company, being dormant, has only one person on staff to handle all duties2017 because of the Company.

The independent auditors have not audited and are not requiredfollowing material weakness as of June 30, 2017: (i) lack of supervision or review to audit this assessment of ourinsure proper internal control over financial reporting, for(ii) inadequate segregation of duties and effective risk assessment, (iii) lack of well-established procedures to authorize and approve related party transactions. As a result, material weakness over internal control over financial reporting exists.

This annual report does not include an attestation report of our independent registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by our independent registered public accounting firm pursuant to temporary rules of the fiscal year ended June 30, 2014.SEC that permit us to provide only management’s report in this annual report on Form 10-K.

Changes in Internal Controls - During the year ended June 30, 2014,2017, there has not been any change in the Company’s internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

ITEM 9B.
OTHER INFORMATION

None

PART III

ITEM 10.
DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

The following table sets forth the names and ages of the directors and executive officers of the Company as of the date of this report, and indicates all positions and offices with the Company held by each person:

NameAgePosition
Dr. Sun Tze Whang7073Chairman of the Board and Chief Executive Officer
Kit Heng Tan6467Chief Financial Officer/Principal Accounting Officer and Secretary

The terms of office of each director of the Company ends at the next annual meeting of the Company's shareholders or when his or her successor is elected and qualified. No date for the next annual meeting of shareholders has been fixed by the Board of Directors. The term of office of each officer of the Company ends at the next annual meeting of the Company's Board of Directors which is expected to take place immediately after the next annual meeting of shareholders. Except as otherwise indicated below, no organization by which any officer or director previously has been employed is an affiliate, parent, or subsidiary of the Company. The Company's Bylaws provide that the number of directors of the Company shall be not less than five nor more than nine. The exact number of directors is set at five unless changed within the foregoing limits by a bylaw adopted by the Board of Directors or the shareholders. At present, there are two persons serving as directors and three vacancies on the Board of Directors.

Dr. Sun Tze Whang has been Chairman of the Board and Chief Executive Officer since August 17, 1990. From December 1994 to the present, Dr. Whang has been a director of Metal Containers Pte Ltd ("Metal Containers"), a company incorporated in the Republic of Singapore, engaged in the manufacturing and sale of metal containers and in investment activities. Metal Containers is the ultimate parent company of Acculogic, Inc. From January 1985 to the present, Dr. Whang has also been a director of Riviera Development Pte. Ltd. ("Riviera"), a company incorporated in the Republic of Singapore, whose principal business is investment.investment holding. Riviera is a 53.2% owned subsidiary of Metal Containers. From May 1985 to the present, Dr. Whang has also been the Chairman and a director of Carlee Electronics Pte. Ltd. ("Carlee Electronics"), a company incorporated in the Republic of Singapore, whose principal business is the manufacture and sale of industrial electronic products. Carlee is a 64.3% owned subsidiary of Riviera and a majoritythe controlling shareholder of the Company. From October 1972 to the present, Dr. Whang has been a director of Lam Soon (Hong Kong) Limited, a company incorporated in Hong Kong and listed on the Stock Exchange of Hong Kong. From October 1984 to the present, Dr. Whang has been a director of AMT Datasouth Corp. (previously known as Advanced Matrix Technology, Inc.), a California corporation, which is an affiliate of Metal Containers.
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Kit Heng Tan has been Chief Financial Officer/Principal Accounting Officer, Secretary and a director of the Company since August 17, 1990. On June 8, 2006, Mr. Tan was appointed as director of Metal Containers. From October 1989 to the present, Mr. Tan has been a director and also the Chief Financial Officer of Acculogic, Inc., a California corporation, which is an affiliate of Metal Containers. From April 1990 to the present, Mr. Tan has been the Chief Financial Officer and a director of AMT Datasouth Corp. (previously known as Advanced Matrix Technology, Inc.), a California corporation, which is an affiliate of Metal Containers. Mr. Tan is a Chartered Accountant of England & Wales and a Chartered Accountant of Singapore.

ITEM 11.
EXECUTIVE COMPENSATION

For the fiscal years ended June 30, 20142017 and 2013,2016, there was no cash compensation paid to executive officers of the Company other than a sum of $6,000 per annum charged by an officer of the Company for each of the fiscal years 20142017 and 20132016 for providing accounting and other services and for the use of a home office.

ITEM 12. 
ITEM 12.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The following sets forth information, as of June 30, 2014,2017, with respect to the beneficial ownership of the Company's Common Stock, no par value, by each person known by the Company to be the beneficial owner of more than five percent (5%) of the outstanding Common Stock, by each of the Com­pany'sCom-pany's directors, and by the officers and directors of the Company as a group:

Beneficial Owner 
Shares Owned
Beneficially
and of Record
  Percent of Class 
       
Carlee Electronics Pte. Ltd.
159 Gul Circle
Singapore 629617
  25,800,000   64.5%
         
Officers and directors as a group (two persons)  (1)  (1)

Beneficial OwnerShares Owned Beneficially and of RecordPercent of Class
 
 
 
Carlee Electronics Pte. Ltd.25,800,00064.5%
159 Gul Circle
 
 
Singapore 629617
 
 
 
 
 
Officers and directors as a group (two persons)  (1)(1)

(1) By virtue of Dr. Sun Tze Whang's direct and indirect ownership of Carlee Electronics Pte. Ltd., he may be deemed the beneficial owner of the shares held by Carlee Electronics Pte. Ltd. in the Company.

The Company is not aware of any voting trusts.

The Company's capital consists of 100,000,000 shares of Common Stock, no par value and 50,000,000 shares of Preferred Stock, no par value. As of the date hereof, 39,999,942 shares of Common Stock have been issued and are outstanding.

ITEM 13. 
ITEM 13.
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE

Between October 8, 1990 and June 30, 1991, the Company made advances to Acculogic, Inc., an affiliate, totaling $395,000. At June 30, 2014, the2017, there was no outstanding balance including interest was $206,902.due from Acculogic, Inc. The advances bear interest at a rate of 8.5% per annum and areis payable on demand. Interest earned from the affiliate was $17,829$1,100 and $19,240,$16,180 for the years ended June 30, 20142017 and 2013,2016, respectively. On July 25, 2016, the total amount due from Acculogic, Inc. was repaid in full.

15

The Company uses the home office of an officer at 26 Briarwood, Irvine, CA 92604, and was charged management fees of $6,000 per annum by the officer for each of the fiscal years 20142017 and 20132016 for the use of the home office and for providing accounting and other services. During the year ended 2017 and 2016, the officer paid expenses in the amount of $25 and $25 on behalf of the Company to support the Company’s operation, respectively. The amounts due to the officer are unsecured, bearing no interest and are repayable on demand.

Dr. Sun Tze Whang may be considered to be the indirect beneficial owner of the shares of the Company's stock owned by Carlee Electronics, and thus Dr. Whang would be considered a control person of the Company.
8


ITEM 14.
PRINCIPAL ACCOUNTANT FEES AND SERVICES

Audit Fees

The aggregate fees billed to the Company for professional services rendered for the audit of the Company's annual financial statements, review of the Company's quarterly financial statements, and other services normally provided in connection with statutory and regulatory filings or engagements was $12,315$11,796 in the fiscal year ended June 30, 2014,2017, and $12,365$10,165 in the fiscal year ended June 30, 2013.2016.

Other Fees

Other fees billed to the Company by its independent registered public accounting firm for the preparation of its required federal and state income tax returns totaled $500 in each of$600 and $800 for the fiscal years ended June 30, 2014,2017, and June 30, 2013.2016 respectively.

ITEM 15.
Exhibits, Financial Statement Schedules.

a.The following financial statements are filed as part of this report:

Report of Independent Registered Public Accounting Firm

Interdyne Company Balance SheetSheets at June 30, 20142017 and 20132016

Interdyne Company Statements of Income and Accumulated DeficitOperations for the Years Ended June 30, 20142017 and 20132016

Interdyne Company Statements of Stockholders’ Equity for the Years Ended June 30, 2017 and 2016

Interdyne Company Statements of Cash Flows for the Years Ended June 30, 20142017 and 20132016

Notes to Financial Statements

b.No financial statement schedules are filed as part of this report.

c.The following exhibits are filed as part of this report:

 Exhibit No.Description

 Certification of Chief Executive Officer pursuant to Section 302 of Sarbanes-Oxley Act of 2002

 Certification of Chief Financial Officer/ Principal Accounting Officer pursuant to Section302 of Sarbanes-Oxley Act of 2002

 Section 1350 Certification
 
16

d.The following XBRL documents are filed as part of this report:

 101.INSXBRL Instance Document

 101.SCHXBRL Taxonomy Extension Schema Document

 101.CALXBRL Taxonomy Extension Calculation Linkbase Document

 101.LABXBRL Taxonomy Extension Label Linkbase Document

 101.PREXBRL Taxonomy Extension Presentation Linkbase Document
9

SIGNATURE

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 hereunto duly authorized.

Dated: September 13, 2017

Dated: September 18, 2014
INTERDYNE COMPANY
(Registrant)
By:/s/ Kit H. Tan
Kit H. Tan
Chief Financial Officer/
Principal Accounting Officer

In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the Registrant in the capacities and on the dates indicated.

Signature & TitleCapacityDate
/s/ Sun Tze Whang
Sun Tze WhangDirector andSeptember 18, 201413, 2017
Chief Executive OfficerChief Executive Officer
/s/ Kit H. Tan
Kit H. TanDirector andSeptember 18, 201413, 2017
Chief Financial Officer/Chief Financial Officer/
Principal Accounting OfficerPrincipal Accounting Officer
 
1017