Plyzer (PLYZ) 10-Q 4 Feb 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Dec. 31, 2015shares
Document and Entity Information
Entity Registrant Name	ZD VENTURES Corp
Document Type	10-Q
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Entity Central Index Key	1,334,589
Current Fiscal Year End Date	--03-31
Entity Common Stock, Shares Outstanding	26,747,009
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	2,016
Document Fiscal Period Focus	Q3
Trading Symbol	zdvn

Balance Sheets

Balance Sheets - USD ($)	Dec. 31, 2015	Mar. 31, 2015
Current Assets
Cash	$ 11,828	$ 21,271
Note receivable		42,800
Prepaid rent	700	10,133
Investments, available for sale		37,450
Total Current Assets	12,528	111,654
Furniture		4,673
TOTAL ASSETS	12,528	116,327
Current Liabilities
Accounts payable and accrued liabilities	110,094	104,370
Convertible debt, net	28,000	4,836
Advances from stockholder	313,809	344,145
Total Current Liabilities	451,903	453,351
TOTAL LIABILITIES	451,903	453,351
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock value	26,747	25,868
Additional paid-in capital	2,213,472	2,127,759
Accumulated other comprehensive income	68,269	34,692
Accumulated deficit	(2,747,863)	(2,525,343)
Total Stockholders' Equity (Deficit)	(439,375)	(337,024)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 12,528	$ 116,327

Balance Sheets (parenthetical)

Balance Sheets (parenthetical) - USD ($)	Dec. 31, 2015	Mar. 31, 2015
Balance Sheet
Accumulated depreciation, furniture	$ 935	$ 0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	26,747,009	15,943,300
Common stock, shares outstanding	26,747,009	15,943,300

Statements of Operations

Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Income Statement
Revenues
Operating Expenses
General and administrative expenses	$ 1,928	$ 22,711	$ 9,498	$ 45,482
Professional fees	1,100	10,203	8,400	53,481
Consulting fees	27,000	44,199	47,730	106,084
Bad debt	44,800		44,800
Impairment in investments	39,200		39,200
Travel, meals and promotions			6,155
Total expenses	114,028	77,113	155,783	205,047
Loss from operations	(114,028)	(77,113)	(155,783)	(205,047)
Gain on disposition of debt				4,955
Interest expense	(22,329)	(13,863)	(66,737)	(41,438)
Net income (loss)	(136,357)	(90,976)	(222,520)	(241,530)
Other comprehensive gain (loss)	13,195	10,366	33,577	540
Comprehensive income (loss)	$ (1,232,162)	$ (80,610)	$ (188,943)	$ (240,990)
Basic and diluted net income (loss) per share	$ (0.01)	$ (0.01)	$ (0.01)	$ (0.02)
Number of weighted average common shares outstanding	26,747,009	15,943,300	26,188,936	15,943,300

Statements of Cash Flows

Statements of Cash Flows - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (136,357)	$ (90,976)	$ (222,520)	$ (241,530)
Adjustments to reconcile net loss to net cash used by operating activities:
Forgiveness of debt				(4,955)
Bad debt	44,800		44,800
Furniture written off			4,673
CEO fee forgiven			15,000
Impairment in investments	39,200		39,200
Depreciation				467
Unamortized note payable discount written off			17,669
Amortization of note payable discount			45,495	37,672
Changes in operating assets and liabilities:
(Increase) decrease in prepaid expenses			9,433	(11,929)
Increase (decrease) in accounts payable and accrued liabilities			5,724	50,930
Net cash used in operating activities			(40,526)	(169,345)
CASH FLOWS USED IN INVESTING ACTIVITIES
Investments available for sale				42,350
Advances for investment in company				48,400
Payments for furniture				5,608
Net cash used in investing activities				(96,358)
CASH FLOWS FROM FINANCING ACTIVITIES
Advances from stockholder - proceeds			174	187,574	$ 157,387
Proceeds from convertible loan			30,000	50,000
Net cash provided by financing activities			30,174	237,574
Translation differences			909	540
Net increase (decrease) in cash			(9,443)	(27,589)
Cash, beginning of period			21,271	74,415	74,415
Cash, end of period	$ 11,828	$ 46,826	$ 11,828	$ 46,826	$ 21,271
SUPPLEMENTAL DISCLOSURES
Income taxes paid
Interest paid			$ 3,133	$ 2,506
NON-CASH INVESTING ACTIVITIES
Beneficial conversion feature on convertible debt			30,000
Convertible note converted into common shares			$ (10,000)

Business Description and Summar

Business Description and Summary of Significant Accounting Policies	9 Months Ended
	Dec. 31, 2015
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, operates from its Toronto, Canada office. Most of the activities of the Company to date relate to its organization, funding, and seeking business opportunities in the emerging technologies. At the end of the fiscal year 2015, the Company discontinued its plan for further development of a social website and wrote off the carrying costs as non-temporary impairment. During the nine months ended December 31, 2015, the Company was not able to conclude satisfactorily on several business negotiations. The management continues its efforts in reviewing business opportunities that will meet its criteria. (B) Basis of Presentation The unaudited interim financial statements as of and for the three and nine months ended December 31, 2015 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 and nine months ended December 31, 2015 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2016. 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, 2015. The significant accounting policies followed are the same as those detailed in the said Annual Report. (C) 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 balance sheet and revenues and expenses for the period then ended. Actual results may differ significantly from those estimates.

Going Concern

Going Concern	9 Months Ended
	Dec. 31, 2015
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, new business opportunities and additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from significant shareholders sufficient to acquire and /or participate in new business ventures, 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 December 31, 2015, the Company has an accumulated deficit amount of approximately $2,747,863 .

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Dec. 31, 2015
Notes
Recent Accounting Pronouncements	NOTE 3 - RECENT ACCOUNTING PRONOUNCEMENTS In August 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40)-Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”). ASU 2014-15 provides guidance to United States Generally Accepted Accounting Principles ("U.S. GAAP") about management’s responsibility to evaluate whether there is a substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. Specifically, ASU 2014-15 (1) defines the term substantial doubt, (2) requires an evaluation of every reporting period including interim periods, (3) provides principles for considering the mitigating effect of management’s plan, (4) requires certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, (5) requires an express statement and other disclosures when substantial doubt is not alleviated, and (6) requires an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The amendments in this update are effective for annual periods beginning after December 15, 2016 and interim periods within those reporting periods. Earlier adoption is permitted. This ASU is not anticipated to have a material impact on the Company's financial statements and notes to the financial statements. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers.” This ASU is the result of a convergence project between the FASB and the International Accounting Standards Board. The core principle behind ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods and services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for delivering those goods and services. This model involves a five-step process that includes identifying the contract with the customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction prices to the performance obligations in the contract and recognizing revenue when (or as) the entity satisfies the performance obligations. The guidance in the ASU supersedes existing revenue recognition guidance and is effective for annual reporting periods beginning after December 15, 2016 with early application not permitted. The ASU allows two methods of adoption; a full retrospective approach where three years of financial information are presented in accordance with the new standard, and a modified retrospective approach where the ASU is applied as a cumulative effect adjustment as of the date of adoption. The Company will evaluate the impact of adopting the new standard once it begins generating revenue. In April 2015, the FASB issued ASU No. 2015-03, Interest - Imputation of Interest. ASU No. 2015-03 changes the presentation of debt issuance costs in financial statements. Under the new guidance, an entity presents such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the costs is reported as interest expense. This guidance is effective beginning in the first quarter of fiscal year 2017 and early adoption is permitted in an interim period with any adjustments reflected as of the beginning of the fiscal year that includes that interim period. The company does not believe the guidance will result in a material impact to its financial statements. In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities, which provides guidance for the recognition, measurement, presentation, and disclosure of financial assets and liabilities. This ASU will be effective for the Company beginning in the first quarter of fiscal year 2019. The Company is evaluating the effects of the adoption of this ASU to its financial statements.

Investments, Available For Sale

Investments, Available For Sale Disclosure	9 Months Ended
	Dec. 31, 2015
Notes
Investments, Available For Sale Disclosure	NOTE 4- INVESTMENTS, AVAILABLE FOR SALE The Company was a member of Necotium, a pledge fund in Spain. The Fund on behalf of its members invests in early stage companies with strong growth potential. The investments are usually disposed of when the fund manager believes that expected growth is achieved. The proceeds are distributed among the members in proportion to their investments, after the fund’s fees and related costs. While the Company is no longer a member of the fund, it made the following investments through the fund during the fiscal year 2015. The investments constituted less than 10% of the total equity of the related investee entities: Original amount Date of As at Invested investment December 31, 2015 March 31 2015 Mailtrack Company SL € 20,000 June 6, 2014 -- $21,400 Mobile Media Content € 15,000 April 16, 2014 -- 16,050 $-- $37,450 The Fund ceased to provide updates on the above investments. The Company was unable to access any details from the investee companies. As a result, the Company concluded that as at December 31, 2015, the fair value of these investments was nil. The carrying costs of $39,200 was therefore considered impaired and expensed.

Convertible Debts Disclosure

Convertible Debts Disclosure	9 Months Ended
	Dec. 31, 2015
Notes
Convertible Debts Disclosure	NOTE 5 - CONVERTIBLE DEBTS Dec. 31, 2015 March 31, 2015 Balance, at beginning of period $ 4,836 $ 7,808 Converted to additional paid in capital i (30,000) (146,900) Converted to common stock I & iii (40,000) (3,100) BCF amortization of discount i 63,164 97,028 Unsecured loans i 30,000 88,000 Debt discount to paid in capital -- (38,000) $ 28,000 $ 4,836 i. In April 2015, the Company received two unsecured convertible loans totalling to $30,000 repayable within one year and carrying coupon at 8%. The loans and coupons accrued can be converted into common shares of the Company at US$0.05 per common share at the discretion of the lenders within the repayment period. The entire loan amount was transferred to paid-in capital since the present value of its beneficial conversion feature (BCF) value was greater than its face value. Debt discount of $14,876 was charged to interest and included under convertible debt. In addition, debt discount of $30,619 on existing convertible debt was also charged to interest and included under convertible debt. ii. On September 14, 2015, a convertible debt holder of $ 38,000 loan converted $ 10,000 of the loan into 246,305 common shares as per the terms of the agreement. $ 2,544 of the unamortized portion of the debt was charged to interest expense. iii. On October 8, 2015, two unsecured convertible debt holders of $30,000 loans converted their loans and accrued interest to date into 631,856 common shares as per the terms of the agreement. $15,123 of the unamortized portion of the debt was charged to interest expense.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Dec. 31, 2015
Notes
Related Party Transactions	NOTE 6 - RELATED PARTY TRANSACTIONS (A) Advances from Stockholders Nine months to December 31, 2015 Year ended March 31, 2015 Balance, beginning of the period $ 344,145 $ 186,758 Exchange gain on conversion at period end (30,510) -- Funds advanced (net) 174 157,387 Balance, end of the period $ 313,809 $ 344,145 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) Related Party Expenses Three months ended Nine months ended Three months ended Nine months ended December 31, 2015 2015 2014 2014 Consulting fee to management 25,000 29,255 35,790 54,899 CEO fee for the prior period reversed to paid in capital -- (15,000) -- -- Fee charged (reversed) by CCC -- (6,000) -- 6,000 Reversal of fee charged in prior period by shareholder holding over 10% equity -- (3,745) 13,821 43,327 Telephone costs reimbursed to shareholder holding over 10% equity -- -- -- 1,133 Travel costs reimbursed to shareholder holding over 10% equity -- 4,458 683 1,732 (C) Related Party Payables Payables as at December 31, 2015 include $15,507 due to management (As at March 31, 2015: $43,507 due to the management) and $ nil (As at March 31, 2015: $3,745 due to a consultant holding over 10% equity interest in the Company) and $6,000 due to CCC (As at March 31, 2015: $12,000). Accruals include fee to CEO accrued of $25,000 (March 31, 2015: $ nil).

Subsequent Events

Subsequent Events	9 Months Ended
	Dec. 31, 2015
Notes
Subsequent Events	NOTE 7 - SUBSEQUENT EVENTS The Company has evaluated subsequent events from the balance sheet date through the date these financial statements were issued and concluded that there are no events to disclose.

Business Description and Summ13

Business Description and Summary of Significant Accounting Policies: Basis of Presentation (Policies)	9 Months Ended
	Dec. 31, 2015
Policies
Basis of Presentation	(B) Basis of Presentation The unaudited interim financial statements as of and for the three and nine months ended December 31, 2015 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 and nine months ended December 31, 2015 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2016. 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, 2015. The significant accounting policies followed are the same as those detailed in the said Annual Report.

Business Description and Summ14

Business Description and Summary of Significant Accounting Policies: Use of Estimates (Policies)	9 Months Ended
	Dec. 31, 2015
Policies
Use of Estimates	(C) 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 balance sheet and revenues and expenses for the period then ended. Actual results may differ significantly from those estimates.

Investments, Available For Sa15

Investments, Available For Sale Disclosure: Summary Investment Holdings (Tables)	9 Months Ended
	Dec. 31, 2015
Tables/Schedules
Summary Investment Holdings	Original amount Date of As at Invested investment December 31, 2015 March 31 2015 Mailtrack Company SL € 20,000 June 6, 2014 -- $21,400 Mobile Media Content € 15,000 April 16, 2014 -- 16,050 $-- $37,450

Convertible Debts Disclosure_ S

Convertible Debts Disclosure: Schedule of Convertible Debt (Tables)	9 Months Ended
	Dec. 31, 2015
Tables/Schedules
Schedule of Convertible Debt	Dec. 31, 2015 March 31, 2015 Balance, at beginning of period $ 4,836 $ 7,808 Converted to additional paid in capital i (30,000) (146,900) Converted to common stock I & iii (40,000) (3,100) BCF amortization of discount i 63,164 97,028 Unsecured loans i 30,000 88,000 Debt discount to paid in capital -- (38,000) $ 28,000 $ 4,836

Related Party Transactions_ Sch

Related Party Transactions: Schedule of Advances from Stockholder (Tables)	9 Months Ended
	Dec. 31, 2015
Tables/Schedules
Schedule of Advances from Stockholder	Nine months to December 31, 2015 Year ended March 31, 2015 Balance, beginning of the period $ 344,145 $ 186,758 Exchange gain on conversion at period end (30,510) -- Funds advanced (net) 174 157,387 Balance, end of the period $ 313,809 $ 344,145

Related Party Transactions_ S18

Related Party Transactions: Schedule of Related Party Expenses (Tables)	9 Months Ended
	Dec. 31, 2015
Tables/Schedules
Schedule of Related Party Expenses	Three months ended Nine months ended Three months ended Nine months ended December 31, 2015 2015 2014 2014 Consulting fee to management 25,000 29,255 35,790 54,899 CEO fee for the prior period reversed to paid in capital -- (15,000) -- -- Fee charged (reversed) by CCC -- (6,000) -- 6,000 Reversal of fee charged in prior period by shareholder holding over 10% equity -- (3,745) 13,821 43,327 Telephone costs reimbursed to shareholder holding over 10% equity -- -- -- 1,133 Travel costs reimbursed to shareholder holding over 10% equity -- 4,458 683 1,732

Going Concern (Details)

Going Concern (Details) - USD ($)	Dec. 31, 2015	Mar. 31, 2015
Details
Accumulated deficit	$ 2,747,863	$ 2,525,343

Investments, Available For Sa20

Investments, Available For Sale Disclosure: Summary Investment Holdings (Details)	Mar. 31, 2015USD ($)
Investments	$ 37,450
Mailtrack Company SL
Investments	21,400
Mobile Media Content
Investments	$ 16,050

Investments, Available For Sa21

Investments, Available For Sale Disclosure (Details) - USD ($)	3 Months Ended	9 Months Ended
	Dec. 31, 2015	Dec. 31, 2015
Details
Impairment in investments	$ 39,200	$ 39,200

Convertible Debts Disclosure_22

Convertible Debts Disclosure: Schedule of Convertible Debt (Details) - USD ($)	Dec. 31, 2015	Mar. 31, 2015	Mar. 31, 2014
Convertible debt, net	$ 28,000	$ 4,836	$ 7,808
Converted to additional paid-in capital
Convertible debts, gross	(30,000)	(146,900)
Converted to common stock
Convertible debts, gross	(40,000)	(3,100)
BCF amortization of discount
Convertible debts, gross	63,164	97,028
Unsecured loans
Convertible debts, gross	$ 30,000	88,000
N8UnsecuredLoanDebtDiscountToAdditionalPaidInCapitalMember
Convertible debts, gross		$ (38,000)

Related Party Transactions_ S23

Related Party Transactions: Schedule of Advances from Stockholder (Details) - USD ($)	9 Months Ended		12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Details
Advances from stockholder	$ 313,809		$ 344,145	$ 186,758
Exchange gain on conversion	(30,510)
Proceeds from stockholder advances	$ 174	$ 187,574	$ 157,387

Related Party Transactions_ S24

Related Party Transactions: Schedule of Related Party Expenses (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Consulting fee to management
Related party expenses	$ 25,000	$ 35,790	$ 29,255	$ 54,899
CEO fee for the prior period
Related party expenses			(15,000)
Fee charged (reversed) by CCC
Related party expenses			(6,000)	6,000
Reversal of fee charged in prior period by shareholder
Related party expenses		13,821	(3,745)	43,327
Telephone costs reimbursed to shareholder
Related party expenses				1,133
Travel costs reimbursed to shareholder
Related party expenses		$ 683	$ 4,458	$ 1,732

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Dec. 31, 2015	Mar. 31, 2015
Due to management
Accounts payable related parties	$ 15,507	$ 43,507
Due to consultant owning over 10%
Accounts payable related parties		3,745
Due to CCC
Accounts payable related parties	6,000	$ 12,000
Accrued fees due to CEO
Accounts payable related parties	$ 25,000