HQDA Elderly Life Network (HQDA) 10-Q 17 Nov 17 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 30, 2017	Nov. 15, 2017
Document And Entity Information
Entity Registrant Name	HARTFORD RETIREMENT NETWORK CORP.
Entity Central Index Key	1,304,730
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		42,555,000
Trading Symbol	HFRN
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,018

Interim Balance Sheets

Interim Balance Sheets - USD ($)	Sep. 30, 2017	Jun. 30, 2017
Current
Cash	$ 92,944
Amounts receivable (Note 6)		50,000
Prepaid expenses	6,567	100
Total current assets	99,511	50,100
Equipment	3,157
Total Assets	102,668	50,100
Current
Accounts payable and accrued liabilities (Note 3)	12,291	15,887
Total current liabilities	12,291	15,887
Stockholders’ equity
Capital stock (Note 4) Authorized 200,000,000 common shares, $0.001 par value Issued and outstanding 30 September 2017 – 37,555,000 common shares 30 June 2017 – 9,945,000 common shares	37,555	9,945
Capital stock (Note 4) Authorized 10,000,000 preferred shares, $0.001 par value
Additional paid-in capital	2,439,145	1,086,255
Share subscriptions receivable (Note 4)	(1,223,725)
Deficit	(1,162,598)	(1,061,987)
Total shareholders' deficiency	90,377	34,213
Total liabilities and shareholders' deficiency	$ 102,668	$ 50,100

Interim Balance Sheets (Parenth

Interim Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2017	Jun. 30, 2017	Jun. 26, 2017
Statement of Financial Position [Abstract]
Capital stock, common shares authorized	200,000,000	200,000,000
Capital stock, common share par value	$ 0.001	$ 0.001	$ 0.001
Capital stock, common shares issued	37,555,000	9,945,000
Capital stock, common shares outstanding	37,555,000	9,945,000
Capital stock preferred shares, authorized	10,000,000	10,000,000	10,000,000
Capital stock preferred shares, par value	$ 0.001	$ 0.001	$ 0.001

Interim Statements of Operation

Interim Statements of Operations - USD ($)	3 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Expenses
Bank charges and interest	$ 105	$ 104
Consulting	32,500
Filing and financing fees	1,665	2,110
Legal and accounting	24,409	1,961
Management fees (Note 5)	22,500	15,000
Office and miscellaneous (recovery)	1,210	(259)
Regulatory fees	10,000	10,000
Rent (Note 5)	3,800	900
Transfer agent fees	4,150
Travel	272
Loss before other item	(100,611)	(29,816)
Other item
Reversal of income tax penalties (Note 8)		50,000
Net income (loss) for the period	$ (100,611)	$ 20,184
Basic and diluted loss per common share	$ (0.040)	$ 0.002
Weighted average number of common shares outstanding	25,443,696	9,925,000

Interim Statements of Cash Flow

Interim Statements of Cash Flows - USD ($)	3 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities
Net income (loss)	$ (100,611)	$ 20,184
Adjustments to reconcile loss to net cash used by operating activities
Reversal of income tax penalties		(50,000)
Contributions to capital by related party – expenses		15,900
Changes in operating assets and liabilities
Decrease in amounts receivable	50,000
Increase in prepaid expenses	(6,467)
Increase in accounts payable and accrued liabilities	(3,596)	(591)
Net cash used in operating activities	(60,674)	(14,507)
Cash flows from investing activities
Purchase of equipment	(3,157)
Net cash provided by investing activities	(3,157)
Cash flows from financing activities
Issuance of common shares for cash	156,775
Share subscriptions received in advance		13,500
Net cash provided by financing activities	156,775	13,500
Increase (decrease) in cash	92,944	(1,007)
Cash, beginning		2,649
Cash, ending	$ 92,944	$ 1,642

Interim Statements of Changes i

Interim Statements of Changes in Stockholders' Equity (Deficiency) - USD ($)	Capital Stock [Member]	Additional Paid-In Capital [Member]	Share Subscriptions Received in Advance /Rreceivable [Member]	Deficit [Member]	Total
Balance at Jun. 30, 2016	$ 9,925	$ 1,018,575		$ (1,091,451)	$ (62,951)
Balance, shares at Jun. 30, 2016	9,925,000
Contributions to capital by related party - expenses (Note 5)		15,900			15,900
Share subscriptions received in cash (Note 4)			13,500		13,500
Net income				20,184	20,184
Balance at Sep. 30, 2016	$ 9,925	1,034,475	13,500	(1,071,267)	(13,367)
Balance, shares at Sep. 30, 2016	9,925,000
Contributions to capital by related party - expenses (Note 5)		31,800			31,800
Common shares issued for cash	$ 20	19,980	(13,500)		6,500
Common shares issued for cash, shares	20,000
Net income				9,280	9,280
Balance at Jun. 30, 2017	$ 9,945	1,086,255		(1,061,987)	34,213
Balance, shares at Jun. 30, 2017	9,945,000
Common shares issued for cash	$ 27,610	1,352,890	(1,223,725)		156,775
Common shares issued for cash, shares	27,610,000
Net income				(100,611)	(100,611)
Balance at Sep. 30, 2017	$ 37,555	$ 2,439,145	$ (1,223,725)	$ (1,162,598)	$ 90,377
Balance, shares at Sep. 30, 2017	37,555,000

Nature and Continuance of Opera

Nature and Continuance of Operations	3 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature and Continuance of Operations	1. Nature and Continuance of Operations Hartford Retirement Network Corp. (formerly Dynamic Gold Corp.) (the “Company”) was incorporated under the laws of the State of Nevada on 21 January 2004. Effective 26 June 2017, the Company changed its name to Hartford Retirement Network Corp. and increased its authorized shares of common stock, par value $0.001 per share from 75,000,000 to 200,000,000 and authorized 10,000,000 preferred stock, par value $0.001 per share, with such rights, preferences and limitations as may be set from time to time by resolution of the Board of Directors (Note 4). These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The Company was in the business of acquiring and exploring mineral properties. In May 2017, the Company shifted its focus to senior housing and retirement services and products. The Company is devoting all of its present efforts in establishing a new business. These interim 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 2017 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 2017 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 three months ended 30 September 2017, are not necessarily indicative of the results that may be expected for the year ending 30 June 2018. The Company’s interim financial statements as at 30 September 2017 and for the three months 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 reported a net loss of $100,611 for the three months ended 30 September 2017 and has a working capital of $87,220 at 30 September 2017. 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 will not be adequate to continue operating and maintaining its business strategy for the next 12 months. If the Company is unable to raise additional capital in the near future, management expects that the Company will need to curtail operations, seek additional capital on less favorable terms and/or pursue other remedial measures. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. At 30 September 2017, the Company had an accumulated deficit of $1,162,598 and cash of $92,944. Although management is currently attempting to implement its new business plan, and is seeking additional sources of equity or debt financing, there is no assurance these activities will be successful. These factors raise substantial doubt about the ability of the Company to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Recent Accounting Pronouncement

Recent Accounting Pronouncement	3 Months Ended
	Sep. 30, 2017
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncement	2. Recent Accounting Pronouncement In January 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-01, “Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” ASU 2016-01 amends various aspects of the recognition, measurement, presentation, and disclosure of financial instruments. ASU 2016-01 is effective for annual reporting periods and interim periods within those years beginning after 15 December 2017. In February 2016, the FASB issued ASU No. 2016-02 (Topic 842) “Leases.” Topic 842 supersedes the lease recognition requirements in Accounting Standards Codification (“ASC”) Topic 840 “Leases.” Under Topic 842, lessees are required to recognize assets and liabilities on the balance sheet for most leases and provide enhanced disclosures. Leases will continue to be classified as either finance or operating. Topic 842 is effective for annual reporting periods and interim periods within those years beginning after 15 December 2018. Early adoption by public entities is permitted. Entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements, and there are certain optional practical expedients that an entity may elect to apply. Full retrospective application is prohibited. The Company does not anticipate this amendment to have a significant impact on the financial statements. In June 2016, the FASB issued ASU No. 2016-13 “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” which requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. ASU 2016-13 replaces the existing incurred loss impairment model with an expected loss methodology, which will result in more timely recognition of credit losses. ASU 2016-13 is effective for annual reporting periods, and interim periods within those years beginning after 15 December 2019. The Company does not anticipate this amendment to have a significant impact on the financial statements.

Accounts Payable and Accrued Li

Accounts Payable and Accrued Liabilities	3 Months Ended
	Sep. 30, 2017
Payables and Accruals [Abstract]
Accounts Payable and Accrued Liabilities	3. Accounts Payable and Accrued Liabilities Accounts payable and accrued liabilities are non-interest bearing, unsecured and have settlement dates within one year. Included in accounts payable and accrued liabilities was $4,438 (30 June 2017 - $3,034) owing to a director of the Company (Note 5).

Capital Stock

Capital Stock	3 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Capital Stock	4. Capital Stock Authorized The total authorized capital is 200,000,000 common shares with a par value of $0.001 and 10,000,000 preferred shares with a par value of $0.001. On 26 June 2017, the Company increased the authorized shares of common stock of the Company from 75,000,000 shares to 200,000,000 shares and authorized the issuance of up to 10,000,000 shares of preferred stock, with such rights, preferences and limitations as may be set from time to time by resolution of the Board of Directors (Note 1). Issued and outstanding At 30 September 2017, the total issued and outstanding capital stock is 37,555,000 common shares with a par value of $0.001 per common share (30 June 2017 – 9,945,000). On 20 April 2017, the Company completed a private placement of 20,000 common shares for total proceeds of $20,000. On 4 August 2017, the Company completed a private placement of 5,750,000 common shares for total proceeds of $287,500. The Company recorded a subscription receivable of $130,725 related to this financing as of 30 September 2017. On 8 August 2017, the Company completed a private placement of 19,910,000 common shares for total proceeds of $995,500 The Company recorded a subscription receivable of $995,500 related to this financing as of 30 September 2017. On 8 September 2017, the Company completed a private placement of 1,950,000 common shares for total proceeds of $97,500 The Company recorded a subscription receivable of $97,500 related to this financing as of 30 September 2017.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Sep. 30, 2017
Related Party Transactions [Abstract]
Related Party Transactions	5. Related Party Transactions During the three months ended 30 September 2017, a former officer and a former director of the Company made contributions to capital for management fees in the amount of $Nil (2016 – $15,000) and for rent in the amount of $Nil (2016 – $900) (Note 7). During the three months ended 30 September 2017, the Company paid management fees of $22,500 to the Company’s Chief Financial Officer. Included in accounts payable and accrued liabilities was $4,438 (30 June 2017 - $3,034) owing to a director of the Company. The amount is non-interest bearing, unsecured and due on demand (Note 3).

Service Agreement

Service Agreement	3 Months Ended
	Sep. 30, 2017
Service Agreement
Service Agreement	6. Service Agreement On 25 August 2017, the Company entered into a Retirement Vacation Services Agreement (the “Service Agreement”) with Shanghai Qiao Garden International Travel Agency (“Shanghai Travel”), whereby the Company is to provide favorable pricing on hotel rooms in California, USA from 15 May 2017 to 31 May 2018. The agreement can be renewed automatically on an annual basis. Shanghai Travel will provide at least 300 retirement vacation clients annually, for a minimum total hotel stay of 3,000 nights. The Company will be charging Shanghai Travel $80 per client per hotel stay and $2,000 monthly management fees. At 30 September 2017, the Company did not record any receivables related to the monthly management fee as there was uncertainty as to whether the amount would be collectible (30 June 2017 - $50,000).

Supplemental Disclosures with R

Supplemental Disclosures with Respect to Cash Flows	3 Months Ended
	Sep. 30, 2017
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosures with Respect to Cash Flows	7. Supplemental Disclosures with Respect to Cash Flows For the three months ended 30 September 2017 $ For the three months ended 30 September 2016 $ Cash paid during the period for interest - - Cash paid during the period for income taxes - - During the three months ended 30 September 2017, a former officer and a former director of the Company made contributions to capital for management fees in the amount of $Nil (2016 – $15,000) and for rent in the amount of $Nil (2016 – $900) (Note 5).

Income Taxes

Income Taxes	3 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	8. Income taxes During the year ended 30 June 2016, the Company received an assessment for penalties of $50,000 from the Internal Revenue Service regarding failure to file certain supplementary forms for the tax years 2007 to 2011. During the year ended 30 June 2017, the penalties were reversed.

Subsequent Events

Subsequent Events	3 Months Ended
	Sep. 30, 2017
Subsequent Events [Abstract]
Subsequent Events	9. Subsequent Event On October 5, 2017, the Company issued 5,000,000 common shares for total proceeds of $250,000. The Company received $200,000 of the $250,000.

Supplemental Disclosures with16

Supplemental Disclosures with Respect to Cash Flows (Tables)	3 Months Ended
	Sep. 30, 2017
Supplemental Cash Flow Elements [Abstract]
Schedule of Supplemental Cash Flow Information	For the three months ended 30 September 2017 $ For the three months ended 30 September 2016 $ 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 Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Jun. 30, 2017	Jun. 26, 2017	Jun. 30, 2016
Common stock, par value per share	$ 0.001		$ 0.001	$ 0.001
Common stock shares authorized	200,000,000		200,000,000
Preferred stock, shares authorized	10,000,000		10,000,000	10,000,000
Preferred stock, par value	$ 0.001		$ 0.001	$ 0.001
Net income (loss)	$ 100,611	$ (20,184)	$ (9,280)
Working capital deficit	87,220
Accumulated deficit	1,162,598		1,061,987
Cash	$ 92,944	$ 1,642			$ 2,649
Minimum [Member]
Common stock shares authorized				75,000,000
Maximum [Member]
Common stock shares authorized				200,000,000

Accounts Payable and Accrued 18

Accounts Payable and Accrued Liabilities (Details Narrative) - USD ($)	Sep. 30, 2017	Jun. 30, 2017
Accounts payable and accrued liabilities	$ 12,291	$ 15,887
Director [Member]
Accounts payable and accrued liabilities	$ 4,438	$ 3,034

Capital Stock (Details Narrativ

Capital Stock (Details Narrative) - USD ($)	Sep. 08, 2017	Aug. 08, 2017	Aug. 04, 2017	Apr. 20, 2017	Sep. 30, 2017	Jun. 30, 2017	Jun. 26, 2017
Common stock, shares authorized					200,000,000	200,000,000
Common stock, par value per share					$ 0.001	$ 0.001	$ 0.001
Preferred stock, shares authorized					10,000,000	10,000,000	10,000,000
Preferred stock, par value					$ 0.001	$ 0.001	$ 0.001
Capital stock, shares issued					37,555,000	9,945,000
Capital stock, shares outstanding					37,555,000	9,945,000
Common shares issued for private placements					$ 156,775	$ 6,500
Subscription receivable					1,223,725
Private Placement One [Member]
Common shares issued for private placements, shares				20,000
Common shares issued for private placements				$ 20,000
Private Placement Two [Member]
Common shares issued for private placements, shares			5,750,000
Common shares issued for private placements			$ 287,500
Subscription receivable					130,725
Private Placement Three [Member]
Common shares issued for private placements, shares		19,910,000
Common shares issued for private placements		$ 995,500
Subscription receivable					995,500
Private Placement Four [Member]
Common shares issued for private placements, shares	1,950,000
Common shares issued for private placements	$ 97,500
Subscription receivable					$ 97,500
Minimum [Member]
Common stock, shares authorized							75,000,000
Maximum [Member]
Common stock, shares authorized							200,000,000

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Jun. 30, 2017
Management fees	$ 22,500	$ 15,000
Rent	3,800	900
Former officer and Former Director [Member]
Management fees		15,000
Rent		$ 900
Chief Financial Officer [Member]
Management fees	22,500
Director [Member]
Amount owed to related party	$ 4,438		$ 3,034

Service Agreement (Details Narr

Service Agreement (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2017	Jun. 30, 2017
Service Agreement
Booking fees	$ 80
Management fees	2,000
Amounts receivable (Note 6)		$ 50,000

Supplemental Disclosures with22

Supplemental Disclosures with Respect to Cash Flows (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Management fees	$ 22,500	$ 15,000
Rent	3,800	900
Former officer and Former Director [Member]
Management fees		15,000
Rent		$ 900

Supplemental Disclosures with23

Supplemental Disclosures with Respect to Cash Flows - Schedule of Supplemental Cash Flow Information (Details) - USD ($)	3 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Supplemental Cash Flow Elements [Abstract]
Cash paid during the period for interest
Cash paid during the period for income taxes

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Reversal of income tax penalties		$ 50,000	$ 50,000

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	Oct. 05, 2017	Sep. 30, 2017	Sep. 30, 2016
Proceeds from issuance of common stock		$ 156,775
Subsequent Event [Member]
Number of common stock shares issued, shares	5,000,000
Proceeds from issuance of common stock	$ 250,000
Proceeds from issuance of common stock, gross	$ 200,000