Plyzer (PLYZ) 10-Q 15 Aug 14 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Jun. 30, 2014
Document and Entity Information	'
Entity Registrant Name	'ZD VENTURES Corp
Document Type	'10-Q
Document Period End Date	30-Jun-14
Amendment Flag	'false
Entity Central Index Key	'0001334589
Current Fiscal Year End Date	'--03-31
Entity Common Stock, Shares Outstanding	15,943,300
Entity Filer Category	'Smaller Reporting Company
Entity Current Reporting Status	'Yes
Entity Voluntary Filers	'No
Entity Well-known Seasoned Issuer	'No
Document Fiscal Year Focus	'2015
Document Fiscal Period Focus	'Q1

Condensed_Balance_Sheets

Condensed Balance Sheets (USD $)	Jun. 30, 2014	Mar. 31, 2014
Current Assets	'	'
Cash	$5,304	$74,415
Investments, available for sale	47,950	'
Total Current Assets	53,254	74,415
Rent deposits	12,974	'
Intangible assets	502,516	502,516
TOTAL ASSETS	568,744	576,931
Current Liabilities	'	'
Accounts payable and accrued liabilities	49,625	54,000
Advances from stockholder	247,573	186,758
Total Current Liabilities	297,198	240,758
Long-Term Liabilities	'	'
Convertible debt, net	20,274	7,808
Note Payable (long-term)	325,000	325,000
Total Long-Term Liabilities	345,274	332,808
TOTAL LIABILITIES	642,472	573,566
STOCKHOLDERS' DEFICIT	'	'
Common stock value	15,943	15,943
Additional paid-in capital	170,157	170,157
Accumulated other comprehensive income	1,363	12,745
Deficit accumulated during development stage	261,191	195,480
Total Stockholders' Deficit	-73,728	3,365
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$568,744	$576,931

Balance_Sheets_parenthetical

Balance Sheets (parenthetical) (USD $)	Jun. 30, 2014	Mar. 31, 2014
Balance Sheet	'	'
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	15,943,300	15,943,300
Common stock, shares outstanding	15,943,300	15,943,300

Condensed_Statements_of_Operat

Condensed Statements of Operations (USD $)	3 Months Ended		112 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014
Income Statement	'	'	'
Revenues	'	'	'
Operating Expenses	'	'	'
General and administrative expenses	6,681	1,469	71,946
Professional fees	16,818	4,000	160,353
Consulting fees	27,023	'	84,455
Travel, meals and promotions	238	3,526	11,880
Rent	6,194	'	6,194
Geological, mineral, prospecting costs	'	'	9,740
Total expenses	56,954	8,995	344,568
Loss from operations	-56,954	-8,995	-344,568
Gain on disposition of debt	4,955	'	125,593
Interest expense	-13,712	-4,051	-42,216
Net income (loss)	-65,711	-13,046	-261,191
Other comprehensive income (loss)	-11,382	3,390	1,363
Comprehensive income (loss)	($77,093)	($9,656)	($259,828)
Basic and diluted loss per weighted average common share	$0	$0	'
Number of weighted average common shares outstanding	15,943,300	15,943,300	'

Condensed_Statements_of_Cash_F

Condensed Statements of Cash Flows (USD $)	3 Months Ended		112 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES	'	'	'
Net loss	($65,711)	($13,046)	($261,191)
Adjustments to reconcile net loss to net cash used by operating activities:	'	'	'
Forgiveness of debt	-4,955	'	-125,593
Common stock issued for services	'	'	5,500
Amortization of note payable discount	12,466	'	23,939
Amortization of prepaid interest	'	'	6,549
Changes in operating assets and liabilities:	'	'	'
(Increase) decrease in prepaid expenses	-500	'	-500
(Increase) decrease in rent deposits	-12,974	'	-12,974
Increase (decrease) in accounts payable and accrued liabilities	1,080	-13,902	53,454
Net cash used in operating activities	-70,594	-26,948	-310,816
CASH FLOWS USED IN INVESTING ACTIVITIES	'	'	'
Investments	47,950	'	47,950
Development costs incurred	'	'	117,016
Net cash used in investing activities	-47,950	'	-164,966
CASH FLOWS FROM FINANCING ACTIVITIES	'	'	'
Common stock issued for cash	'	'	20,100
Advances from stockholder	60,815	24,484	247,573
Proceeds from convertible loan	'	'	100,000
Proceeds from notes payable	'	'	117,050
Payments on notes payable	'	'	5,000
Net cash provided by financing activities	60,815	24,484	479,723
Effects of other comprehensive income	-11,382	3,390	1,363
Net increase (decrease) in cash	-69,111	926	5,304
Cash, beginning of period	74,415	3,657	'
Cash, end of period	5,304	4,583	5,304
NON-CASH INVESTING ACTIVITIES	'	'	'
Beneficial conversion feature on convertible debt	'	'	100,000
Debt settled in common shares	'	'	65,500
Intagibles acquired for debt	'	'	$385,500

Business_Description_and_Summa

Business Description and Summary of Significant Accounting Policies	3 Months Ended
	Jun. 30, 2014
Notes	'
Business Description and Summary of Significant Accounting Policies	'
	NOTE 1 - BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	(A) Business Description
	ZD Ventures Corporation (the “Company”), incorporated on February 23, 2005 under the laws of the state of Nevada, is a development stage corporation, and operates from its executive office in Toronto, Ontario, Canada.  The Company is currently in the development stage as defined under Financial Accounting Standards Board Accounting Standards Codification (“ASC”) 915-10, “Development Stage Entities".  Most of the activities of the Company to date relate to its organization, funding, and development of a commercial web portal.
	In July 2012, the Company acquired certain intellectual properties related to a social website under development (Note 4). The company plans to complete the design and development of this web site and to launch it commercially as soon as possible.
	(B) Basis of Presentation
	The unaudited interim financial statements as of and for the three months ended June 30, 2014 have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These financial statements are unaudited and, in the opinion of management, include all adjustments (consisting of normal recurring adjustments and accruals) necessary to present fairly the balance sheets, operating results and cash flows for the periods presented in accordance with accounting principles generally accepted in the United States of America. Operating results for the three months ended June 30, 2014 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2015. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted in accordance with the SEC’s rules and regulations for interim reporting.
	The unaudited interim financial statements should be read in conjunction with the Company’s Annual Report filed on Form 10-K for the year ended March 31, 2014. The significant accounting policies followed are same as those detailed in the said Annual Report except for the following new policy adopted during the period ended June 30, 2014:
	(C) Investments available for sale
	The Company’s investments in emerging private entities through a Spanish investment club (Club)  are classified as available for sale and are reported at fair value based on performance report of each of the investee entities provided by the Club. Unrealized gains and losses, net of taxes, are reported as a component of stockholders’ equity. Realized gains and losses on investments are included in investment and other income, net when realized. Any impairment loss to reduce an investment’s carrying amount to its fair market value is recognized as an expense when a decline in the fair market value of an individual security below its cost or carrying value is determined to be other than temporary.
	(D) Use of estimates
	The financial statements have been prepared in conformity with generally accepted accounting principles (GAAP). In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the statement of financial position and revenues and expenses for the year then ended. Actual results may differ significantly from those estimates.

Going_Concern

Going Concern	3 Months Ended
	Jun. 30, 2014
Notes	'
Going Concern	'
	NOTE 2 - GOING CONCERN
	The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.
	In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.
	The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.  As of June 30, 2014, the Company has an accumulated deficit amount of $261,191.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	3 Months Ended
	Jun. 30, 2014
Notes	'
Recent Accounting Pronouncements	'
	NOTE 3 - RECENT ACCOUNTING PRONOUNCEMENTS
	In July 2013, the FASB issued ASU No.  2013-11,  "Presentation  of an  Unrecognized  Tax Benefit When a Net Operating Loss  Carry forward,  a Similar  Tax Loss,  or a Tax Credit Carry forward  Exists,"  which is intended to eliminate the  diversity  that is in practice with regard  to the financial statement  presentation of unrecognized tax benefits  when a net operating loss carry forward,  a similar tax loss, or a tax credit  carry forward  exists. ASU No. 2013-11 is effective for fiscal years and interim periods within those years, beginning after December 15, 2014, with early adoption permissible.  The adoption of this update is not expected to have a material impact on the Company's interim consolidated financial statements.
	In June 2014, the FASB issued ASU No.  2014-10,  "Development  Stage Entities,"  which  intends to remove the  definition of a development  stage  entity from the Master  Glossary of the  Accounting  Standards Codification,  thereby removing the financial  reporting  distinction between  development stage entities and other reporting entities from U.S. GAAP. In addition,  the update  eliminate the  requirements  for  development   stage   entities  to  (1)   present   inception-to-date  information in the statements of income,  cash flows, and shareholder   equity, (2) label the financial  statements as those of a development stage entity,  (3) disclose a description  of the  development  stage  activities  in which the entity is engaged,  and (4)  disclose in the  first  year in which  the  entity is no  longer a  development  stage entity that in prior years it had been in the development  stage.  ASU No.  2014-10  is  effective  for  fiscal  years and  interim  periods  beginning  after December 15,2014,  with early adoption  permissible.  The Company plans to adopt this update for its interim financials for the six months ended September 30, 2014.

Intangible_Assets_Note

Intangible Assets, Note	3 Months Ended
	Jun. 30, 2014
Notes	'
Intangible Assets, Note	'
	NOTE 4 - INTANGIBLE ASSETS
	The following were the movements in the intangible assets:
		Three months to		Year ended
		June 30, 2014		31-Mar-14
	Balance, beginning of the period	$	502,516	$	502,516
					-
	Balance, end of the period	$	502,516	$	502,516
	Certain unpaid development costs incurred in the prior periods were considered no longer payable and were reversed during the current reporting period.
	As explained in Note 4 of the financial statements for the year ended March 31, 2014, further development work on B’Wished website will commence on receiving approval from IBM for use of their technologies
	No amortization is applied to the carrying cost of the intangible assets since they are still under development.
	The Company’s management adopts the position that, as at June 30, 2014, there were no indicators of any permanent impairment in the intangible assets.

Investments_Available_For_Sale

Investments, Available For Sale	3 Months Ended
	Jun. 30, 2014
Notes	'
Investments, Available For Sale	'
	NOTE 5- INVESTMENTS, AVAILABLE FOR SALE
	On January 27, 2014, the Company became member of an Investment Club in Spain. The Club on behalf of its members invest in early stage companies with strong growth potential. The investments are usually disposed of when the Club manager believes that expected growth is achieved. The proceeds are distributed among the members in proportion to their investments, after Club’s fees and related costs.
	During the three months ended June 30, 2014, the Company made the following investments through the Club. The investments constituted less than 5% of the total equity of the related investee entities:
	Mailtrack Company SL	$27,400
	Mobile Media Content	20,550
		$47,950
	As at June 30, 2014, the carrying value of these investments is considered equal to their fair value.

Note_Payable_Disclosure

Note Payable Disclosure	3 Months Ended
	Jun. 30, 2014
Notes	'
Note Payable Disclosure	'
	NOTE 6 - NOTE PAYABLE
	The note payable issued to Birthday Slam Corporation (“BSC”), a Canadian based private company in Ontario, matured for payment on July 17, 2013. However, the Company negotiated a five-year extension up to July 17, 2018. The note holder agreed that no further interest was to be accrued after the original maturity date of July 17, 2013 and that BSC would be entitled to receive 5% of the gross revenue earned by the Company until full settlement of the Note. BSC is owned by Mr. John Robinson who is a shareholder of the Company.
	Total interest accrued on this note payable up to July 17, 2013 is $16,250.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Jun. 30, 2014
Notes	'
Related Party Transactions	'
	NOTE 7 - RELATED PARTY TRANSACTIONS
	(a)  ADVANCES FROM STOCKHOLDERS/RELATED PARTIES
		Three months to		Year ended
		June 30, 2014		31-Mar-14
	Balance, beginning of the period	$	186,758	$	160,842
	funds advanced		60,815		25,916
	Balance, end of the period	$	247,573	$	186,758
	Funds were advanced from time to time by Current Capital Corporation (“CCC”), a Canadian based private company in Ontario, fully owned by Mr. John Robinson, a shareholder of the Company. Advances are repayable on demand and carry no interest; they have therefore been classified as current liabilities.
	(b)   Consulting fee includes $ 6,000 charged by the CEO and $15,063 charged by a consultant who owns 31.36% equity interest in the Company.
	(c)   Payables include $4,000 due to the CEO and $4,110 due to the consultant who owns 31.36% equity interest in the Company.
	(d)   General and administration expenses include $1,133 being telephone expenses reimbursed to the consultant who owns 31.36% equity interest in the Company.

Commitments

Commitments	3 Months Ended
	Jun. 30, 2014
Notes	'
Commitments	'
	NOTE 8 - COMMITMENTS
	(a)   The Company signed a five year lease in June 2014, for an office space in Barcelona, Spain for a monthly rent of €2,291.74 (approximately $3,140). Landlord agreed to charge only half month’s rent for the first seven months. The lease is cancelable at the option of the Company after twelve months. Monthly rent is fixed for the first three years.

Business_Description_and_Summa1

Business Description and Summary of Significant Accounting Policies: Basis of Presentation (Policies)	3 Months Ended
	Jun. 30, 2014
Policies	'
Basis of Presentation	'
	(B) Basis of Presentation
	The unaudited interim financial statements as of and for the three months ended June 30, 2014 have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These financial statements are unaudited and, in the opinion of management, include all adjustments (consisting of normal recurring adjustments and accruals) necessary to present fairly the balance sheets, operating results and cash flows for the periods presented in accordance with accounting principles generally accepted in the United States of America. Operating results for the three months ended June 30, 2014 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2015. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted in accordance with the SEC’s rules and regulations for interim reporting.
	The unaudited interim financial statements should be read in conjunction with the Company’s Annual Report filed on Form 10-K for the year ended March 31, 2014. The significant accounting policies followed are same as those detailed in the said Annual Report except for the following new policy adopted during the period ended June 30, 2014:

Business_Description_and_Summa2

Business Description and Summary of Significant Accounting Policies: Investments Available For Sale, Policy (Policies)	3 Months Ended
	Jun. 30, 2014
Policies	'
Investments Available For Sale, Policy	'
	(C) Investments available for sale
	The Company’s investments in emerging private entities through a Spanish investment club (Club)  are classified as available for sale and are reported at fair value based on performance report of each of the investee entities provided by the Club. Unrealized gains and losses, net of taxes, are reported as a component of stockholders’ equity. Realized gains and losses on investments are included in investment and other income, net when realized. Any impairment loss to reduce an investment’s carrying amount to its fair market value is recognized as an expense when a decline in the fair market value of an individual security below its cost or carrying value is determined to be other than temporary.

Business_Description_and_Summa3

Business Description and Summary of Significant Accounting Policies: Use of Estimates (Policies)	3 Months Ended
	Jun. 30, 2014
Policies	'
Use of Estimates	'
	(D) Use of estimates
	The financial statements have been prepared in conformity with generally accepted accounting principles (GAAP). In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the statement of financial position and revenues and expenses for the year then ended. Actual results may differ significantly from those estimates.

Intangible_Assets_Note_Schedul

Intangible Assets, Note: Schedule of Intangible Assets (Tables)	3 Months Ended
	Jun. 30, 2014
Tables/Schedules	'
Schedule of Intangible Assets	'
		Three months to		Year ended
		June 30, 2014		31-Mar-14
	Balance, beginning of the period	$	502,516	$	502,516
					-
	Balance, end of the period	$	502,516	$	502,516

Related_Party_Transactions_Sch

Related Party Transactions: Schedule of advances from related parties (Tables)	3 Months Ended
	Jun. 30, 2014
Tables/Schedules	'
Schedule of advances from related parties	'
		Three months to		Year ended
		June 30, 2014		31-Mar-14
	Balance, beginning of the period	$	186,758	$	160,842
	funds advanced		60,815		25,916
	Balance, end of the period	$	247,573	$	186,758

Going_Concern_Details

Going Concern (Details) (USD $)	Jun. 30, 2014	Mar. 31, 2014
Details	'	'
Accumulated deficit	$261,191	$195,480

Intangible_Assets_Note_Schedul1

Intangible Assets, Note: Schedule of Intangible Assets (Details) (USD $)	Jun. 30, 2014	Mar. 31, 2014
Details	'	'
Intangible assets, net	$502,516	$502,516

Investments_Available_For_Sale1

Investments, Available For Sale (Details) (USD $)	3 Months Ended	112 Months Ended
	Jun. 30, 2014	Jun. 30, 2014
Investments in early stage companies	$47,950	$47,950
Mailtrack Company SL	'	'
Investments in early stage companies	27,400	'
Mobile Media Content	'	'
Investments in early stage companies	$20,550	'

Note_Payable_Disclosure_Detail

Note Payable Disclosure (Details) (Birthday Slam Corporation, USD $)	Jul. 17, 2013
Birthday Slam Corporation	'
Accrued interest on note payable	$16,250

Related_Party_Transactions_Sch1

Related Party Transactions: Schedule of advances from related parties (Details) (USD $)	3 Months Ended		12 Months Ended	112 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Mar. 31, 2014	Jun. 30, 2014	Mar. 31, 2013
Details	'	'	'	'	'
Advances, due to stockholder	$247,573	'	$186,758	$247,573	$160,842
Funds advanced during the period	$60,815	$24,484	$25,916	$247,573	'

Commitments_Details

Commitments (Details) (USD $)	Jun. 30, 2014
Details	'
Office space lease, monthly rent	$3,140