Plyzer (PLYZ) 10-Q 3 Nov 16 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Sep. 30, 2016shares
Document and Entity Information
Entity Registrant Name	ZD VENTURES Corp
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Amendment Flag	false
Entity Central Index Key	1,334,589
Current Fiscal Year End Date	--03-31
Entity Common Stock, Shares Outstanding	34,307,116
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	Q2
Trading Symbol	zdvn

Balance Sheets

Balance Sheets - USD ($)	Sep. 30, 2016	Mar. 31, 2016
Current Assets
Cash	$ 1,228	$ 8,488
Prepaid expenses	233	583
Total Current Assets	1,461	9,071
TOTAL ASSETS	1,461	9,071
Current Liabilities
Accounts payable and accrued liabilities	74,158	95,052
Convertible debt, net	8,000	28,000
Total Current Liabilities	82,158	123,052
Long-term Liabilities
TOTAL LIABILITIES	82,158	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	65,686	68,269
Accumulated deficit	(3,237,533)	(3,246,400)
Total Stockholders' Equity (Deficit)	(80,697)	(113,981)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 1,461	$ 9,071

Balance Sheets (parenthetical)

Balance Sheets (parenthetical) - USD ($)	Sep. 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		6 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Statement
Revenues
Operating Expenses
General and administrative expenses	733	2,967	2,430	7,570
Professional fees	1,100	1,300	2,200	7,300
Consulting fees	7,250	4,050	21,500	20,730
Travel, meals and promotions		6,155		6,155
Reversal of liability	(36,000)		(36,000)
Total expenses	(26,917)	8,317	(9,870)	41,755
Income (loss) from operations	26,917	(8,317)	9,870	(41,755)
Interest expense	444	22,454	1,003	44,408
Net income (loss)	26,473	(30,771)	8,867	(86,163)
Other comprehensive gain (loss)	(2,742)	21,793	(2,583)	20,382
Comprehensive income (loss)	$ 23,731	$ (8,978)	$ 6,284	$ (65,781)
Basic and diluted net income (loss) per share, net	$ 0	$ 0	$ 0	$ 0
Number of weighted average common shares outstanding	34,307,116	25,950,950	34,264,116	25,909,899

Statements of Cash Flows

Statements of Cash Flows - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 26,473	$ (30,771)	$ 8,867	$ (86,163)
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
Gain on write off of accounts payable			36,000
Amortization of note payable discount				42,216
Changes in operating assets and liabilities:
(Increase) decrease in prepaid expenses			350
(Increase) decrease in prepaid rent				10,133
Increase (decrease) in accounts payable and accrued liabilities			15,106	(19,736)
Net cash used in operating activities			(4,677)	(33,877)
CASH FLOWS IN FINANCING ACTIVITIES
Proceeds from convertible loan				30,000
Net cash provided by financing activities				30,000
Effects of exchange rates on cash			(2,583)	(628)
Net increase (decrease) in cash			(7,260)	(4,505)
Cash, beginning of period			8,488	21,271
Cash, end of period	$ 1,228	$ 16,766	1,228	16,766
SUPPLEMENTAL DISCLOSURES
Income taxes paid
Interest paid				2,552
NON-CASH INVESTING ACTIVITIES
Beneficial conversion feature on convertible debt				$ 30,000

Business Description and Summar

Business Description and Summary of Significant Accounting Policies	6 Months Ended
	Sep. 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 and six months ended September 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 and six months ended September 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 period then ended. Actual results may differ significantly from those estimates.

Going Concern

Going Concern	6 Months Ended
	Sep. 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 September 30, 2016, the Company has an accumulated deficit amount of approximately $3,237,533 .

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Sep. 30, 2016
Notes
Recent Accounting Pronouncements	NOTE 3 - RECENT ACCOUNTING PRONOUNCEMENTS Update 2016-15 - Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments The update addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. The update is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. This ASU is not anticipated to have a material impact on the Company's financial statements and notes to the financial statements. Update 2016-13 - Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments The amendments in this Update replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The update is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. This ASU is not anticipated to have a material impact on the Company's financial statements and notes to the financial statements. Update 2016-01 - Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities The amendments in this Update address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments and address measurement of credit losses on financial assets in a separate project. The update is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. This ASU is not anticipated to have a material impact on the Company's financial statements and notes to the financial statements. Update No. 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 The amendments in this Update provide guidance in GAAP about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures with a view to reducing diversity in the timing and content of footnote disclosures. The update is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. The Company will review its going concern note to ensure compliance with the amendment for its fiscal year beginning April 1, 2017. Update No. 2015-03 - Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs The amendment 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. Update 2015-17 - Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes The amendment 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. 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	6 Months Ended
	Sep. 30, 2016
Notes
Convertible Debts Disclosure	NOTE 4 - CONVERTIBLE DEBTS Sept. 30, 2016 March 31, 2016 Balance, at beginning of period $ 28,000 $ 4,836 Converted into 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 Balance, at end of period $ 8,000 $ 28,000 i. On April 11, 2016, a convertible debt holder of a $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, the interest rate went up to 22%. Total interest accrued as of September 30, 2016 was $1,003.

Common Stock Disclosure

Common Stock Disclosure	6 Months Ended
	Sep. 30, 2016
Notes
Common Stock Disclosure	NOTE 5 - COMMON STOCK Sept. 30, 2016 March 31, 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	6 Months Ended
	Sep. 30, 2016
Notes
Related Party Transactions	NOTE 6 - RELATED PARTY TRANSACTIONS ADVANCES FROM STOCKHOLDERS Sept. 30, 2016 March 31, 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 Sept. 30, Six months ended Sept. 30 2016 2015 2016 2015 Fee charged by the management $ 6,250 $ 2,000 $ 12,500 $ -- Other consulting fees ( Note 5.i) 1,000 2,050 9,000 20,730 $ 7,250 $ 4,050 $ 21500 $ 20,730 (i) The fees of $14,500 are included in the accrued liabilities as at September 30, 2016 ($ nil as at March 31, 2016). Trade payable includes $ 21,000 due to former CEO and CFO for his past services. (March 31, 2016|: $ 21,000)

Reversal of A Liability Disclos

Reversal of A Liability Disclosure	6 Months Ended
	Sep. 30, 2016
Notes
Reversal of A Liability Disclosure	NOTE 7 - REVERSAL OF A LIABILITY On March 3, 2016, an entity owned by a shareholder of the Company sent a bill for $36,000 for services provided. The amount was not accepted and the Company received no further communication from the entity for its payment. As at September 30, 2016, the management concluded that this amount would no longer be payable and therefore reversed it.

Subsequent Events

Subsequent Events	6 Months Ended
	Sep. 30, 2016
Notes
Subsequent Events	NOTE 8 - 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)	6 Months Ended
	Sep. 30, 2016
Policies
Basis of Presentation	(B) Basis of Presentation The unaudited interim financial statements as of and for the three and six months ended September 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 and six months ended September 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)	6 Months Ended
	Sep. 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 period then ended. Actual results may differ significantly from those estimates.

Convertible Debts Disclosure_ S

Convertible Debts Disclosure: Schedule of Convertible Debt (Tables)	6 Months Ended
	Sep. 30, 2016
Tables/Schedules
Schedule of Convertible Debt	Sept. 30, 2016 March 31, 2016 Balance, at beginning of period $ 28,000 $ 4,836 Converted into 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 Balance, at end of period $ 8,000 $ 28,000

Common Stock Disclosure_ Schedu

Common Stock Disclosure: Schedule of Stockholders Equity (Tables)	6 Months Ended
	Sep. 30, 2016
Tables/Schedules
Schedule of Stockholders Equity	Sept. 30, 2016 March 31, 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)	6 Months Ended
	Sep. 30, 2016
Tables/Schedules
Schedule of Advances from Stockholder	Sept. 30, 2016 March 31, 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)	6 Months Ended
	Sep. 30, 2016
Tables/Schedules
Schedule of Consulting Fees from Related Parties	Three months ended Sept. 30, Six months ended Sept. 30 2016 2015 2016 2015 Fee charged by the management $ 6,250 $ 2,000 $ 12,500 $ -- Other consulting fees ( Note 5.i) 1,000 2,050 9,000 20,730 $ 7,250 $ 4,050 $ 21500 $ 20,730

Going Concern (Details)

Going Concern (Details) - USD ($)	Sep. 30, 2016	Mar. 31, 2016
Details
Accumulated deficit	$ 3,237,533	$ 3,246,400

Convertible Debts Disclosure_21

Convertible Debts Disclosure: Schedule of Convertible Debt (Details) - USD ($)	Sep. 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	6 Months Ended	12 Months Ended
	Sep. 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)	6 Months Ended
	Sep. 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		6 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Consulting fees	$ 7,250	$ 4,050	$ 21,500	$ 20,730
Fee Charged By Management
Consulting fees	6,250	2,000	12,500
Other Consulting Fees
Consulting fees	$ 1,000	$ 2,050	$ 9,000	$ 20,730

Reversal of A Liability Discl26

Reversal of A Liability Disclosure (Details)	6 Months Ended
	Sep. 30, 2016USD ($)
An entity owned by a shareholder
Decrease in related party accounts payable, reversal of payable	$ 36,000