HQDA Elderly Life Network (HQDA) 10-Q 13 May 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Mar. 31, 2016shares
Document and Entity Information [Abstract]
Entity Registrant Name	Dynamic Gold Corp.
Entity Central Index Key	1,304,730
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	9,925,000

Interim Consolidated Balance Sh

Interim Consolidated Balance Sheets - USD ($)	Mar. 31, 2016	Jun. 30, 2015
Current
Cash	$ 4,154	$ 372
Total current assets	4,154	372
Assets	4,154	372
Current
Accounts payable and accrued liabilities	9,096	$ 8,745
Taxes payable	50,000
Total current liabilities	59,096	$ 8,745
Liabilities	59,096	8,745
Stockholders' deficiency
Capital stock (Note 4) Authorized 75,000,000 common shares, $0.001 par value Issued and outstanding 31 March 2016 - 9,925,000 common shares 30 June 2015 - 9,895,000 common shares	9,925	9,895
Additional paid-in capital	1,002,675	925,005
Deficit, accumulated during the exploration stage	(1,067,542)	(943,273)
Total stockholders' deficiency	(54,942)	(8,373)
Total liabilities and stockholders' deficiency	$ 4,154	$ 372

Interim Consolidated Balance S3

Interim Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2016	Jun. 30, 2015
Interim Consolidated Balance Sheets [Abstract]
Capital stock, shares authorized	75,000,000	75,000,000
Capital stock, par value per share	$ 0.001	$ 0.001
Capital stock, shares issued	9,925,000	9,895,000
Capital stock, shares outstanding	9,925,000	9,895,000

Interim Consolidated Statements

Interim Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Expenses
Bank charges and interest	$ 84	$ 56	$ 297	$ 199
Consulting		2,452	1,568	7,141
Filing and financing fees	$ 1,279	3,251	7,434	13,210
Foreign exchange	(404)	$ (318)	(648)	$ (1,391)
Income tax penalties (Note 7)	50,000		50,000
Legal and accounting	1,786	$ 6,547	10,197	$ 11,569
Management fees (Notes 5)	$ 15,000	$ 15,000	45,000	45,000
Office and miscellaneous			221
Regulatory fees			7,500	7,500
Rent (Notes 5)	$ 900	$ 900	2,700	2,700
Travel				7,301
Net loss	$ 68,645	$ 27,888	$ 124,269	$ 93,229
Basic and diluted loss per common share	$ (0.01)	$ 0	$ (0.01)	$ (0.01)
Weighted average number of common shares outstanding	9,910,000	9,855,000	9,904,982	9,872,957

Interim Consolidated Statement5

Interim Consolidated Statements of Cash Flows - USD ($)	3 Months Ended			9 Months Ended
	Mar. 31, 2016	Jun. 30, 2015	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities
Net loss	$ (68,645)	$ (22,869)	$ (27,888)	$ (124,269)	$ (93,229)
Adjustments to reconcile loss to net cash used by operating activities
Contributions to capital by related party - expenses (Note 5)				47,700	47,700
Changes in operating assets and liabilities
Increase (decrease) in accounts payable and accrued liabilities				50,351	3,713
Net cash used in operating activities				(26,218)	(41,816)
Cash flows from financing activities
Issuance of common shares for cash				30,000	35,000
Net cash provided by financing activities				30,000	35,000
Increase in cash				3,782	(6,816)
Cash, beginning		1,280		372	8,096
Cash, ending	$ 4,154	$ 372	$ 1,280	$ 4,154	$ 1,280

Interim Consolidated Statement6

Interim Consolidated Statements of Changes in Stockholders' Deficiency - USD ($)	Mar. 31, 2016	Mar. 31, 2016	Jun. 30, 2015	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Balance			$ (11,404)		$ (8,373)	$ (875)
Balance, shares					9,895,000
Contributions to capital by related party - expenses (Notes 5)			15,900		$ 47,700	47,700
Common shares issued for cash ($1.00 per share) (Note 4)	$ 15,000		10,000		30,000	35,000
Common shares issued for cash ($1.00 per share) (Note 4), shares	15,000
Net loss		$ (68,645)	(22,869)	$ (27,888)	(124,269)	(93,229)
Balance	$ (54,942)	$ (54,942)	$ (8,373)	(11,404)	$ (54,942)	(11,404)
Balance, shares	9,925,000	9,925,000	9,895,000		9,925,000
Capital stock [Member]
Balance			$ 9,885		$ 9,895	$ 9,850
Balance, shares			9,885,000		9,895,000	9,850,000
Contributions to capital by related party - expenses (Notes 5)
Common shares issued for cash ($1.00 per share) (Note 4)			$ 10		$ 30	$ 35
Common shares issued for cash ($1.00 per share) (Note 4), shares			10,000		30,000	35,000
Net loss
Balance	$ 9,925	$ 9,925	$ 9,895	$ 9,885	$ 9,925	$ 9,885
Balance, shares	9,925,000	9,925,000	9,895,000	9,885,000	9,925,000	9,885,000
Additional paid-in capital [Member]
Balance			$ 899,115		$ 925,005	$ 816,450
Contributions to capital by related party - expenses (Notes 5)			15,900		47,700	47,700
Common shares issued for cash ($1.00 per share) (Note 4)			$ 9,990		$ 29,970	$ 34,965
Net loss
Balance	$ 1,002,675	$ 1,002,675	$ 925,005	$ 899,115	$ 1,002,675	$ 899,115
Deficit, accumulated during the exploration stage [Member]
Balance			$ (920,404)		$ (943,273)	$ (827,175)
Contributions to capital by related party - expenses (Notes 5)
Common shares issued for cash ($1.00 per share) (Note 4)
Net loss			$ (22,869)		$ (124,269)	$ (93,229)
Balance	$ (1,067,542)	$ (1,067,542)	$ (943,273)	$ (920,404)	$ (1,067,542)	$ (920,404)

Interim Consolidated Statement7

Interim Consolidated Statements of Changes in Stockholders' Deficiency (Parenthetical) - $ / shares	Mar. 31, 2016	Sep. 30, 2015	Jun. 30, 2015	Jun. 05, 2015	Mar. 31, 2015	Dec. 13, 2014	Aug. 25, 2014
Interim Consolidated Statements of Changes in Stockholders' Equity Deficiency [Abstract]
Common shares issued for cash, price per share	$ 1	$ 1	$ 1	$ 1	$ 1	$ 1	$ 1

Nature and Continuance of Opera

Nature and Continuance of Operations	9 Months Ended
	Mar. 31, 2016
Nature and Continuance of Operations [Abstract]
Nature and Continuance of Operations	1. Nature and Continuance of Operations Dynamic Gold Corp. (the “Company”) was incorporated under the laws of the State of Nevada on 21 January 2004 and is in the exploration stage. These interim consolidated financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The Company is an exploration stage enterprise, as defined in Accounting Standards Codification (the “Codification” or “ASC”) 915-10, “ Development Stage Entities These interim consolidated financial statements do not include all information and footnotes required by GAAP for complete financial statements. Except as disclosed herein, there have been no material changes in the information disclosed in the notes to the financial statements for the year ended 30 June 2015, included in the Company's Annual Report on Form 10-K, filed with the SEC. The interim unaudited financial statements should be read in conjunction with those financial statements for the year ended 30 June 2015 included in the Company's Annual Report on Form 10-K. In the opinion of management, all adjustments considered necessary for fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the nine months ended 31 March 2016, are not necessarily indicative of the results that may be expected for the year ending 30 June 2016. The Company is in the business of acquiring and exploring mineral properties. The recoverability of the amounts expended by the Company on acquiring and exploring mineral properties is dependent upon the existence of economically recoverable reserves, the ability of the Company to complete the acquisition and/or development of the properties and upon future profitable production. The Company's interim consolidated financial statements as at 31 March 2016 and for the nine month period then ended have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. The Company has a loss of $ 124,269 93,229 54,942 8,373 Management cannot provide assurance that the Company will ultimately achieve profitable operations or become cash flow positive, or raise additional debt and/or equity capital. Management believes that the Company's capital resources are not adequate to continue operating and maintaining its business strategy during the fiscal year ending 30 June 2016. If the Company is unable to raise additional capital in the near future, due to the Company's liquidity problems, management expects that the Company will need to curtail operations, liquidate assets, seek additional capital on less favourable terms and/or pursue other remedial measures. Management is aware, in making its assessment, of material uncertainties related to events or conditions that may cast significant doubt upon the Company's ability to continue as a going concern. At 31 March 2016, the Company had incurred losses from exploration activities to date. Although management is currently attempting to implement its business plan, and is seeking additional sources of equity or debt financing, there is no assurance these activities will be successful. Accordingly, the Company must rely on its president to perform essential functions without compensation until a business operation can be commenced. These factors raise substantial doubt about the ability of the Company to continue as a going concern. The interim consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Recent Accounting Pronouncement

Recent Accounting Pronouncement	9 Months Ended
	Mar. 31, 2016
Recent Accounting Pronouncement [Abstract]
Recent Accounting Pronouncement	2. Recent Accounting Pronouncement In May 2015, Accounting Standards Update (“ASU”) guidance was issued related to revenue from contracts with customers. The new standard provides a five-step approach to be applied to all contracts with customers and also requires expanded disclosures about revenue recognition. The ASU is effective for annual reporting periods beginning after 15 December 2016, including interim periods and is to be retrospectively applied. Early adoption is not permitted. The Company is currently evaluating this guidance and the impact it will have on its consolidated financial statements.

Mineral Property

Mineral Property	9 Months Ended
	Mar. 31, 2016
Mineral Property [Abstract]
Mineral Property	3. Mineral Property During the year ended 30 June 2008, the Company acquired, through its wholly owned subsidiary, a 100 two 25,000 two 124.1 248.2 25,000 25,000 The Company had no Nil

Capital Stock

Capital Stock	9 Months Ended
	Mar. 31, 2016
Capital Stock [Abstract]
Capital Stock	4. Capital Stock Authorized The total authorized capital is 75,000,000 0.001 Issued and outstanding At 31 March 2016, the total issued and outstanding capital stock is 9,925,000 0.001 9,895,000 On 31 March 2016, the Company completed a private placement of 15,000 1.00 15,000 On 30 September 2015, the Company completed a private placement of 15,000 1.00 15,000 On 5 June 2015, the Company completed a private placement of 10,000 1.00 10,000 On 13 December 2014, the Company completed a private placement of 10,000 1.00 10,000 On 25 August 2014, the Company completed a private placement of 25,000 1.00 25,000

Related Party Transactions

Related Party Transactions	9 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	5. Related Party Transactions During the nine month period ended 31 March 2016, an officer and director of the Company made contributions to capital for management fees in the amount of $ 45,000 (31 March 2015 – $ 45,000 ) and for rent in the amount of $ 2,700 (31 March 2015 – $ 2,700 ) (Note 6).

Supplemental Disclosures with R

Supplemental Disclosures with Respect to Cash Flows	9 Months Ended
	Mar. 31, 2016
Supplemental Disclosures with Respect to Cash Flows [Abstract]
Supplemental Disclosures with Respect to Cash Flows	6. Supplemental Disclosures with Respect to Cash Flows For the For the nine month nine month period ended period ended 31 March 31 March 2016 2015 $ $ Cash paid during the period for interest - - Cash paid during the period for income taxes - - During the nine month period ended 31 March 2016, an officer and director of the Company made contributions to capital for management fees in the amount of $45,000 (31 March 2015 – $ 45,000 ) and for rent in the amount of $2,700 (31 March 2015 – $ 2,700 ) (Note 5).

Income taxes

Income taxes	9 Months Ended
	Mar. 31, 2016
Income taxes [Abstract]
Income taxes	7. Income taxes Subsequent to March 31, 2016, the Company received an assessment for penalties from the Internal Revenue Service regarding failure to file certain supplementary forms for the tax years 2007 to 2011. The Company intends to defend its position and expects the penalties to be ultimately reversed on appeal.

Significant Accounting Policies

Significant Accounting Policies (Policy)	9 Months Ended
	Mar. 31, 2016
Significant Accounting Policies [Abstract]
Recent Accounting Pronouncement	Recent Accounting Pronouncement In May 2015, Accounting Standards Update (“ASU”) guidance was issued related to revenue from contracts with customers. The new standard provides a five-step approach to be applied to all contracts with customers and also requires expanded disclosures about revenue recognition. The ASU is effective for annual reporting periods beginning after 15 December 2016, including interim periods and is to be retrospectively applied. Early adoption is not permitted. The Company is currently evaluating this guidance and the impact it will have on its Consolidated Financial Statements.

Supplemental Disclosures with16

Supplemental Disclosures with Respect to Cash Flows (Tables)	9 Months Ended
	Mar. 31, 2016
Supplemental Disclosures with Respect to Cash Flows [Abstract]
Schedule of Supplemental Cash Flow Information	For the For the nine month nine month period ended period ended 31 March 31 March 2016 2015 $ $ Cash paid during the period for interest - - Cash paid during the period for income taxes - -

Nature and Continuance of Ope17

Nature and Continuance of Operations (Details) - USD ($)	3 Months Ended			9 Months Ended
	Mar. 31, 2016	Jun. 30, 2015	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Nature and Continuance of Operations [Abstract]
Net loss	$ (68,645)	$ (22,869)	$ (27,888)	$ (124,269)	$ (93,229)
Working capital (deficit)	$ (54,942)	$ (8,373)		$ (54,942)

Mineral Property (Details)

Mineral Property (Details) - Super Mammoth Gravel Project [Member]	9 Months Ended		12 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)	Jun. 30, 2008USD ($)ha
Projects with Exploratory Well Costs Capitalized for More than One Year [Line Items]
Percentage of undivided rights acquired in exploration properties			100.00%
Acquisition costs for unproven mineral properties			$ 25,000
Write-down of mineral property acquisition costs related to project			$ 25,000
Total area of land | ha			248.2
Each size of area of land | ha			124.1
Expenditures related to the project

Capital Stock (Details)

Capital Stock (Details) - USD ($)	Mar. 31, 2016	Sep. 30, 2015	Jun. 05, 2015	Dec. 13, 2014	Aug. 25, 2014	Jun. 30, 2015	Mar. 31, 2016	Mar. 31, 2015
Capital Stock [Abstract]
Capital stock, shares authorized	75,000,000					75,000,000	75,000,000
Capital stock, par value per share	$ 0.001					$ 0.001	$ 0.001
Capital stock, shares issued	9,925,000					9,895,000	9,925,000
Capital stock, shares outstanding	9,925,000					9,895,000	9,925,000
Common shares issued for cash, price per share	$ 1	$ 1	$ 1	$ 1	$ 1	$ 1	$ 1	$ 1
Common shares issued for cash ($1.00 per share) (Note 4)	$ 15,000	$ 15,000	$ 10,000	$ 10,000	$ 25,000	$ 10,000	$ 30,000	$ 35,000
Common shares issued for cash ($1.00 per share) (Note 4), shares	15,000	15,000	10,000	10,000	25,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Related Party Transactions [Abstract]
Contributions to capital for management fees	$ 15,000	$ 15,000	$ 45,000	$ 45,000
Contributions to capital for rent	$ 900	$ 900	$ 2,700	$ 2,700

Supplemental Disclosures with21

Supplemental Disclosures with Respect to Cash Flows (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Supplemental Disclosures with Respect to Cash Flows [Abstract]
Cash paid during the period for interest
Cash paid during the period for income taxes
Contributions to capital for management fees	$ 15,000	$ 15,000	$ 45,000	$ 45,000
Contributions to capital for rent	$ 900	$ 900	$ 2,700	$ 2,700