Plyzer (PLYZ) 10-Q 15 Aug 16 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Jun. 30, 2016shares
Document and Entity Information
Entity Registrant Name	ZD VENTURES Corp
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Entity Central Index Key	1,334,589
Current Fiscal Year End Date	--03-31
Entity Common Stock, Shares Outstanding	33,517,461
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	2,017
Document Fiscal Period Focus	Q1
Trading Symbol	zdvn

Balance Sheets

Balance Sheets - USD ($)	Jun. 30, 2016	Mar. 31, 2016
Current Assets
Cash	$ 7,846	$ 8,488
Prepaid expenses	408	583
Total Current Assets	8,254	9,071
TOTAL ASSETS	8,254	9,071
Current Liabilities
Accounts payable and accrued liabilities	104,681	95,052
Convertible debt, net	8,000	28,000
Total Current Liabilities	112,681	123,052
Long-term Liabilities
TOTAL LIABILITIES	112,681	123,052
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock value	34,307	33,517
Additional paid-in capital	3,056,843	3,030,633
Accumulated other comprehensive income	68,428	68,269
Accumulated deficit	(3,264,005)	(3,246,400)
Total Stockholders' Equity (Deficit)	(104,427)	(113,981)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 8,254	$ 9,071

Balance Sheets (parenthetical)

Balance Sheets (parenthetical) - USD ($)	Jun. 30, 2016	Mar. 31, 2016
Balance Sheet
Accumulated depreciation, furniture	$ 0	$ 0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	34,307,116	33,517,461
Common stock, shares outstanding	34,307,116	33,517,461

Statements of Operations

Statements of Operations - USD ($)	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income Statement
Revenues
Operating Expenses
General and administrative expenses	1,696	4,603
Professional fees	1,100	6,000
Consulting fees	14,250	16,680
Travel, meals and promotions		6,155
Total expenses	17,046	33,438
Loss from operations	(17,046)	(33,438)
Interest expense	559	21,954
Net income (loss)	(17,605)	(55,392)
Other comprehensive gain (loss)	159	(1,411)
Comprehensive income (loss)	$ (17,446)	$ (56,803)
Basic and diluted net income (loss) per share, net	$ 0	$ 0
Number of weighted average common shares outstanding	34,307,116	25,868,848

Statements of Stockholders' Equ

Statements of Stockholders' Equity - USD ($)	Common Shares	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income	Total Stockholders' Equity
Beginning Balance, shares at Mar. 31, 2015	25,686,848
Beginning Balance, amount at Mar. 31, 2015	$ 25,868	$ 2,127,759	$ (2,525,343)	$ 34,692	$ (337,024)
Debt discount related to beneficial conversion		30,000			30,000
CEO fee forgiven		15,000			15,000
Translation differences				(1,411)	(1,411)
Net income (loss) for the period			(55,392)		(55,392)
Ending Balance, shares at Jun. 30, 2015	25,686,848
Ending Balance, amount at Jun. 30, 2015	$ 25,868	2,172,759	(2,580,735)	33,281	(348,827)
Beginning Balance, shares at Mar. 31, 2015	25,686,848
Beginning Balance, amount at Mar. 31, 2015	$ 25,868	2,127,759	(2,525,343)	34,692	(337,024)
Shares issued for convertible debt, shares	689,655
Shares issued for convertible debt, amount	$ 690	19,310			20,000
Shares issued for debt payable, shares	100,000
Shares issued for debt payable, amount	$ 100	6,900			7,000
Translation differences				159	159
Net income (loss) for the period			(17,605)		(17,605)
Ending Balance, shares at Jun. 30, 2016	34,307,116
Ending Balance, amount at Jun. 30, 2016	$ 34,307	$ 3,056,843	$ (3,264,005)	$ 68,428	$ (104,427)

Statements of Cash Flows

Statements of Cash Flows - USD ($)	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (17,605)	$ (55,392)
Adjustments to reconcile net loss to net cash used by operating activities:
Furniture written off		4,673
Consulting fee settled in shares	7,000
CEO fee forgiven		15,000
Amortization of note payable discount		19,397
Changes in operating assets and liabilities:
(Increase) decrease in prepaid expenses	175
(Increase) decrease in prepaid rent		8,326
(Increase) decrease in note receivable		(2,000)
Increase (decrease) in accounts payable and accrued liabilities	9,629	(15,771)
Net cash used in operating activities	(801)	(25,767)
CASH FLOW IN INVESTING ACTIVITIES
Investments available for sale		1,750
Net cash used in investing activities		(1,750)
CASH FLOWS IN FINANCING ACTIVITIES
Advances from stockholder - proceeds		4,532
Proceeds from convertible loan		30,000
Net cash provided by financing activities		34,532
Effects of exchange rates on cash	159	(1,411)
Net increase (decrease) in cash	(642)	5,604
Cash, beginning of period	8,488	21,271
Cash, end of period	7,846	26,875
SUPPLEMENTAL DISCLOSURES
Income taxes paid
Interest paid	559	2,552
NON-CASH INVESTING ACTIVITIES
Beneficial conversion feature on convertible debt		$ 30,000
Convertible note converted into common shares	$ 20,000

Business Description and Summar

Business Description and Summary of Significant Accounting Policies	3 Months Ended
	Jun. 30, 2016
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 Barcelona, Spain. Most of the activities of the Company to date relate to its organization, funding, and seeking business opportunities in the emerging technologies. The Company has not yet been 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 months ended June 30, 2016 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, 2016 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2017. 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, 2016. The significant accounting policies followed are 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 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, 2016
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, 2016, the Company has an accumulated deficit amount of approximately $3,264,005 .

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Jun. 30, 2016
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, 2017 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 November 2015, the FASB issued Accounting Standards Update ("ASU") 2015-17, "Balance Sheet Classification of Deferred Taxes" ("ASU 2015-17"), which will require entities to present all deferred tax liabilities and assets as noncurrent on the balance sheet instead of separating deferred taxes into current and noncurrent amounts. The standard is effective for annual reporting periods beginning after December 15, 2016, and interim periods within those annual periods. Early application is permitted. The standard can be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. This ASU is not anticipated to have a material impact on the Company's financial statements and notes to the 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. In March 2016, the FASB issued an update (ASU 2016-09) to the standard on Compensation-Stock Compensation, which simplifies several aspects of the accounting for employee share-based payment transactions including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows. For public business entities, the amendments in this update are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted for any entity in any interim or annual period. Upon adoption, entities will be required to apply a modified retrospective, prospective or retrospective transition method depending on the specific section of the guidance being adopted. The Company is currently evaluating the effect the update will have on its financial statements and related disclosures. The Company evaluates new pronouncements as issued and evaluates the effect of adoption on the Company at the time. The Company has determined that the adoption of recently adopted accounting pronouncements will not have an impact on the financial statements.

Convertible Debts Disclosure

Convertible Debts Disclosure	3 Months Ended
	Jun. 30, 2016
Notes
Convertible Debts Disclosure	NOTE 4 - CONVERTIBLE DEBTS June 30, 2016 March 31, 2016 Balance, at beginning of period $ 28,000 $ 4,836 Converted to additional paid in capital i (19,310) (30,000) Converted to common stock i (690) (40,000) BCF amortization of discount -- 63,164 Unsecured loans -- 30,000 $ 8,000 $ 28,000 i. On April 11, 2016, a convertible debt holder of $38,000 loan having a balance of $28,000 as at April 1, 2016, converted $20,000 of the loan into 689,655 common shares as per the terms of the agreement. The 8% convertible note for $38,000 is covered by a Securities Purchase Agreement dated February 24, 2015 with an independent lender and repayable on November 26, 2015. The note holder, at their discretion, shall have a right to convert the principal amount of the note and interest accrued thereon at any time after 180 days from the date of the issuance of the note into common shares of the Company at a price which is 58% of the market price, being the average of the lowest three trading prices for the Company’s common shares during the ten trading days prior to the conversion date. After the expiry of the repayment date, interest rate went up to 22%. Total interest accrued for three months ended June 30, 2016 was $559.

Common Stock Disclosure

Common Stock Disclosure	3 Months Ended
	Jun. 30, 2016
Notes
Common Stock Disclosure	NOTE 5 - COMMON STOCK June 30 March 31 2016 2016 # $ # $ Balance, beginning of period 33,517,461 33,517 25,868,848 25,868 Fees settled in shares i 100,000 100 Conversion of convertible debt Note 4.i 689,655 690 878,161 878 Settlement of unsecured debts -- -- 11,770,452 11,771 Cancellation of previously issued shares -- -- (5,000,000) (5,000) Balance, end of period 34,307,116 34,307 33,517,461 33,517 i. A consultant was issued 100,000 common shares for services rendered during the three months ended June 30, 2016. These shares were valued at $7,000 , based on the quoted market price of $0.07 per common share on the date of issuance. The par value of these shares of $100 has been included in the common stock and the balance of $6,900 in additional paid-in capital.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Jun. 30, 2016
Notes
Related Party Transactions	NOTE 6. RELATED PARTY TRANSACTIONS ADVANCES FROM STOCKHOLDERS June 30, 2016 March31, 2016 Balance, beginning of period $ - $ 344,145 Funds advanced (net) - 174 Fee payable transferred from account payable - 6,000 Exchange difference - (30,510) Debt assumed by CEO - (319,809) Balance, end of period $ - $ - CONSULTING FEES Three months ended June 30 2016 2015 Fee charged by a consultant holding over 5% equity interest in the Company $ 7,000 $ (3,745) Fee charged by the management $ 6,250 $ - Other consulting fees ( Note 5.i) 1,000 20,425 $ 14,250 $ 16,680 The fees of $7,250 are included in the accounts payable and accrued liabilities as at June 30, 2016 ($ nil as at March 31, 2016). ACCOUNTS PAYABLE AND ACCRUED LIABILITIES Includes $36,000 charged by an entity owned by a shareholder of the Company. The Company has however not accepted this charge and negotiating the amount charged.

Subsequent Events

Subsequent Events	3 Months Ended
	Jun. 30, 2016
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 Summ14

Business Description and Summary of Significant Accounting Policies: Basis of Presentation (Policies)	3 Months Ended
	Jun. 30, 2016
Policies
Basis of Presentation	(B) Basis of Presentation The unaudited interim financial statements as of and for the three months ended June 30, 2016 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, 2016 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2017. 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, 2016. The significant accounting policies followed are same as those detailed in the said Annual Report.

Business Description and Summ15

Business Description and Summary of Significant Accounting Policies: Use of Estimates (Policies)	3 Months Ended
	Jun. 30, 2016
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 statement of financial position and revenues and expenses for the year then ended. Actual results may differ significantly from those estimates.

Convertible Debts Disclosure_ S

Convertible Debts Disclosure: Schedule of Convertible Debt (Tables)	3 Months Ended
	Jun. 30, 2016
Tables/Schedules
Schedule of Convertible Debt	June 30, 2016 March 31, 2016 Balance, at beginning of period $ 28,000 $ 4,836 Converted to additional paid in capital i (19,310) (30,000) Converted to common stock i (690) (40,000) BCF amortization of discount -- 63,164 Unsecured loans -- 30,000 $ 8,000 $ 28,000

Common Stock Disclosure_ Schedu

Common Stock Disclosure: Schedule of Stockholders Equity (Tables)	3 Months Ended
	Jun. 30, 2016
Tables/Schedules
Schedule of Stockholders Equity	June 30 March 31 2016 2016 # $ # $ Balance, beginning of period 33,517,461 33,517 25,868,848 25,868 Fees settled in shares i 100,000 100 Conversion of convertible debt Note 4.i 689,655 690 878,161 878 Settlement of unsecured debts -- -- 11,770,452 11,771 Cancellation of previously issued shares -- -- (5,000,000) (5,000) Balance, end of period 34,307,116 34,307 33,517,461 33,517

Related Party Transactions_ Sch

Related Party Transactions: Schedule of Advances from Stockholder (Tables)	3 Months Ended
	Jun. 30, 2016
Tables/Schedules
Schedule of Advances from Stockholder	June 30, 2016 March31, 2016 Balance, beginning of period $ - $ 344,145 Funds advanced (net) - 174 Fee payable transferred from account payable - 6,000 Exchange difference - (30,510) Debt assumed by CEO - (319,809) Balance, end of period $ - $ -

Related Party Transactions_ S19

Related Party Transactions: Schedule of Consulting Fees from Related Parties (Tables)	3 Months Ended
	Jun. 30, 2016
Tables/Schedules
Schedule of Consulting Fees from Related Parties	Three months ended June 30 2016 2015 Fee charged by a consultant holding over 5% equity interest in the Company $ 7,000 $ (3,745) Fee charged by the management $ 6,250 $ - Other consulting fees ( Note 5.i) 1,000 20,425 $ 14,250 $ 16,680

Going Concern (Details)

Going Concern (Details) - USD ($)	Jun. 30, 2016	Mar. 31, 2016
Details
Accumulated deficit	$ 3,264,005	$ 3,246,400

Convertible Debts Disclosure_21

Convertible Debts Disclosure: Schedule of Convertible Debt (Details) - USD ($)	Jun. 30, 2016	Mar. 31, 2016	Mar. 31, 2015
Convertible debt, net	$ 8,000	$ 28,000	$ 4,836
Converted to additional paid-in capital
Convertible debts, gross	(19,310)	(30,000)
Converted to common stock
Convertible debts, gross	$ (690)	(40,000)
BCF amortization of discount
Convertible debts, gross		63,164
Unsecured loans
Convertible debts, gross		$ 30,000

Common Stock Disclosure_ Sche22

Common Stock Disclosure: Schedule of Stockholders Equity (Details) - shares	3 Months Ended	12 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Mar. 31, 2015
Common stock issued and outstanding	34,307,116	33,517,461	25,868,848
Fees settled in shares
Common stock issued in settlement of fees	100,000
Conversion of convertible debt
Common stock issued for convertible debt	689,655	878,161
Settlement of unsecured debts
Common stock issued in settlement of fees		11,770,452
Cancellation of previously issued shares
Common stock cancelled		(5,000,000)

Common Stock Disclosure (Detail

Common Stock Disclosure (Details)	3 Months Ended
	Jun. 30, 2016USD ($)
Details
Value of common stock issued in settlement of fee	$ 7,000

Related Party Transactions_ S24

Related Party Transactions: Schedule of Advances from Stockholder (Details)	Mar. 31, 2015USD ($)
Details
Advances from stockholder	$ 344,145

Related Party Transactions_ S25

Related Party Transactions: Schedule of Consulting Fees from Related Parties (Details) - USD ($)	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Consulting fees	$ 14,250	$ 16,680
Fee Charged By A Consultant Holding Over 5%
Consulting fees	7,000	(3,745)
Fee Charged By Management
Consulting fees	6,250
Other Consulting Fees
Consulting fees	$ 1,000	$ 20,425

Related Party Transactions (Det

Related Party Transactions (Details)	Jun. 30, 2016USD ($)
An entity owned by a shareholder
Accounts payable related parties	$ 36,000