Gold Dynamics 10-Q 17 Mar 15 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	6 Months Ended
	Jan. 31, 2015	Mar. 17, 2015
Document And Entity Information
Entity Registrant Name	Gold Dynamics Corp.
Entity Central Index Key	1371534
Document Type	10-Q
Document Period End Date	31-Jan-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-24
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	No
Entity Filer Category	Smaller Reporting Company
Entity Public Float		$40,000,000
Entity Common Stock, Shares Outstanding		148,850,000
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2014

Balance_Sheets

Balance Sheets (USD $)	Jan. 31, 2015	Jul. 31, 2014
Current Assets
Cash and Cash Equivalents
TOTAL CURRENT ASSETS
TOTAL ASSETS
Current Liabilities
Notes Payable	79,002	77,752
Shareholder Loan	15,937	15,937
TOTAL CURRENT LIABILITIES	94,939	93,689
Stockholders' Deficit
Preferred Stock, $0.001 par value, 50,000,000 authorized, none issued and outstanding
Common stock, Authorized : 50,000,000, common shares at $0.001 par value, 148,850,000 issued and outstanding as at October 31, 2014	11,100	11,100
Additional paid in capital	64,900	64,900
(Deficit) accumulated during the development stage	-170,939	-169,989
TOTAL STOCKHOLDERS' DEFICIT	-94,939	-93,689
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Jan. 31, 2015	Jul. 31, 2014
Statement of Financial Position [Abstract]
Preferred Stock Par Value	$0.00	$0.00
Preferred Stock Authorized	50,000,000	50,000,000
Preferred Stock Issued and Outstanding	$0	$0
Common Stock Par Value	$0.00	$0.00
Common Stock Authorized	50,000,000	50,000,000
Common Stock Issued and Outstanding	148,850,000	148,850,000

Statements_of_Operations

Statements of Operations (USD $)	3 Months Ended		6 Months Ended		105 Months Ended
	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015
General and Administration Expenses
Professional Fees	$1,250	$2,500	$1,250	$2,500	$112,265
Consultation Fees					27,000
Management Fees					1,355
Filing Fee					9,083
Rent					14,700
Advertising and Promotion					1,495
Bank charges and interest					5,041
Operating Loss				202	170,939
Net (loss) for the period	($1,250)	($2,500)	$1,250	$2,702	$170,939
Net (loss) per share
Basic and diluted	$0	$0	$0	$0	($0.00)
Weighted Average Number of Common
Shares Outstanding - Basic and Diluted	148,850,000	148,850,000	148,850,000	148,850,000	148,850,000

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	6 Months Ended	105 Months Ended
	Jan. 31, 2014	Jan. 31, 2015
Cash flow from Operating Activities
Net loss	($2,702)	($170,939)
Adjustments to reconcile net loss to net cash used in operating activities:
Accrued Interest
Notes Payable	2,500	79,002
Shareholder loan		15,937
Net cash used for operating activities	-202	-76,000
Financing Activities
Additional Paid in Capital	202	64,900
Proceeds from shareholder loan
Proceeds from sale of common stock		11,100
Net cash provided by financing activities	202	76,000
Net change in cash
Cash, Beginning of Period
Cash, End of Period

Organization_and_Basis_of_Pres

Organization and Basis of Presentation	6 Months Ended
	Jan. 31, 2015
Accounting Policies [Abstract]
Organization and Basis of Presentation	Note 1: Organization and Basis of Presentation
	Gold Dynamics Corp. (the “Company”) is a for profit corporation established under the corporation laws in the State of Nevada, United States of America on April, 2006.
	The Company's primary operations began in April 2006 with an e-commerce focus and intends to become a producer of vitamin infused alcoholic beverages. As part of the change in operations, the Company has undergone a name change from Revo Ventures Inc. to Vita Spirits Corp to Gold Dynamics Corp. to better reflect the Company's new focus.
	The Financial Statements and related disclosures as of January 31, 2015 are unaudited pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”). The January 31, 2015, Balance Sheet data was derived from unaudited financial statements and does not include all disclosures required by accounting principles generally accepted in the United States of America (“U.S.”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) have been condensed or omitted pursuant to such rules and regulations. In our opinion, these financial statements include all adjustments (consisting only of normal recurring adjustments) necessary for the fair statement of the results for the period. These financial statements should be read in conjunction with the financial statements included in our Quarterly Report for the period ended January 31, 2015. Unless the context otherwise requires, all references to “Gold Dynamics,” “we,” “us,” “our” or the “company” are to Gold Dynamics Corp. and any subsidiaries.
	The Company’s fiscal year ends July 31.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	6 Months Ended
	Jan. 31, 2015
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 2: Recent Accounting Pronouncements
	In December 2011, the FASB issued ASU 2011-11, Disclosures about Offsetting Assets and Liabilities, (“ASU 2011-11”). ASU 2011-11 requires an entity to disclose both gross information and net information about both instruments and transactions eligible for offset in the statement of financial position and instruments and transactions subject to an agreement similar to a master netting arrangement. ASU 201111 is effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. Retrospective disclosure is required for all comparative periods presented. The adoption of ASU 2011-11 did not have a material impact on the Company’s financial statements.
	In October 2012, the FASB issued ASU No. 2012-04, Technical Corrections and Improvements, (“ASU 2012-04”). This update includes source literature amendments, guidance clarification, reference corrections and relocated guidance affecting a variety of topics in the Codification. The update also includes conforming amendments to the Codification to reflect ASC 820’s fair value measurement and disclosure requirements. The amendments in this update that will not have transition guidance are effective upon issuance. The amendments in this update that are subject to the transition guidance will be effective for fiscal periods beginning after December 15, 2012. The adoption of ASU 2012-04 did not have a material impact on the Company’s financial statements.
	In January 2013, the FASB issued ASU No. 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities (“ASU 2013-01”). This update clarifies that ordinary trade receivables and receivables are not in the scope of ASU No. 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities (“ASU 2011-11”). Specifically, ASU 2011-11 applies only to derivatives, repurchase agreements and reverse purchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with specific criteria contained in the FASB Accounting Standards Codification or subject to a master netting arrangement or similar agreement. The Company is required to apply the amendments in ASU 2013-01 beginning January 1, 2013. The adoption of ASU 2013-01 by the Company did not have a material impact on the consolidated financial statements.
	In February 2013, the Financial Accounting Standards Board issued Accounting Standards Update, or ASU, 2013-02, Comprehensive Income (Topic 220), Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. This update requires companies to provide information regarding the amounts reclassified out of accumulated other comprehensive income by component. In addition, companies are required to present, either on the face of the statement where net income is presented or in the accompanying notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income. ASU 2013-02 is effective for annual reporting periods beginning on or after December 15, 2012, and interim periods within those annual periods. ASU 2013-02 was adopted January 1, 2013 and did not have a significant impact on our financial statements.

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Jan. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 3: Commitments and Contingencies
	The Company neither owns nor leases any real or personal property, an officer has provided office services without charge. Such costs are immaterial to the financial statements and accordingly are not reflected herein. The officer and director are involved in other business activities and most likely will become involved in other business activities in the future.

Legal_Matters

Legal Matters	6 Months Ended
	Jan. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Legal Matters	Note 4: Legal Matters
	The Company has no known legal issues pending.

Related_Party_Transactions

Related Party Transactions	6 Months Ended
	Jan. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Note 5: Related Party Transactions
	An officer has loaned the Company $15,937 on August 1, 2009, without a fixed term of repayment and no interest.

Capital_Stock

Capital Stock	6 Months Ended
	Jan. 31, 2015
Equity [Abstract]
Capital Stock	Note 6: Capital Stock
	On July 14, 2006, the Company sold 5,000,000 common shares at $0.001 per share to the sole director of the Company for total proceeds of $5,000.
	On May 6, 2007, the Company sold 2,100,000 common shares pursuant to a registration statement at $0.01 per share for total proceeds of $21,000.
	On April 22, 2008, the Company approved a forward split of a 15 for 2 forward stock split to the stockholders of record as of April 23, 2008. The Company increased the authorized shares from 50,000,000 to 75,000,000. The Company did not change the par value of the shares. All references to share value in these financial statements have been restated to reflect this split. Subsequent to the forward split, the Company had 53,250,000 common shares issued and outstanding.
	On November 12, 2009, the Company sold 4,000,000 common shares at $ 0.0125 per share to an investor for total proceeds of $50,000.
	On December 15, 2009, the Company authorized a Forward Stock Split of issued and outstanding Common Stock on a 2.6 for one (2.6:1) basis. As a result of the Forward Stock Split, the Company increased its issued and outstanding shares of Common Stock to 148,850,000.
	As of January 31, 2015 there were no outstanding stock options or warrants.

Income_Taxes

Income Taxes	6 Months Ended
	Jan. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Note 7: Income Taxes
	The company has not commenced operations and has not generated any revenue and has not made a provision for income taxes.
	The Company’s statutory tax rate is 35%.
	The Company does not have any material uncertainties with respect to its provisions for income taxes.

Going_Concern

Going Concern	6 Months Ended
	Jan. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	Note 8: Going Concern
	The accompanying financial statements and notes have been prepared assuming that the Company will continue as a going concern.
	The Company’s ability to continue as a going concern is dependent upon the Company’s ability to generate sufficient revenues to operate profitably or raise additional capital through debt financing and/or through sales of common stock.
	Management has no formal plan in place to address these concerns, but believes that the Company will be able to obtain additional funds through equity financing and/or related party advances.
	The failure to achieve the necessary levels of profitability or obtain the additional funding would be detrimental to the Company.

Related_Party_Transactions_Det

Related Party Transactions (Details Narrative) (USD $)	Jan. 31, 2015	Jul. 31, 2014	Aug. 01, 2009
Related Party Transactions [Abstract]
[us-gaap:LoansAndLeasesReceivableRelatedParties]	$15,937	$15,937	$15,937

Capital_Stock_Details_Narrativ

Capital Stock (Details Narrative) (USD $)	Jan. 31, 2015	Jul. 31, 2014	Dec. 15, 2009	Nov. 12, 2009	Apr. 22, 2008	6-May-07	Jul. 14, 2006
Equity [Abstract]
[us-gaap:CommonStockSharesSubscribedButUnissued]					4,000,000	2,100,000	5,000,000
[us-gaap:CommonStockParOrStatedValuePerShare]	$0.00	$0.00		$0.01		$0.01	$0.00
[us-gaap:CommonStockSharesSubscriptions]				$50,000		$21,000	$5,000
[us-gaap:CommonStockSharesAuthorized]	50,000,000	50,000,000			75,000,000
[us-gaap:CommonStockSharesOutstanding]	148,850,000	148,850,000	148,850,000		53,250,000

Uncategorized_Items

Uncategorized Items	7/31/14	8/1/2014 - 1/31/2015
	USD ($)	USD ($)
[us-gaap_Cash]
[us-gaap_CashPeriodIncreaseDecrease]
[us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities]		1,250
[us-gaap_IncreaseDecreaseInNotesPayableRelatedParties]
[us-gaap_InterestExpenseOther]
[us-gaap_NetCashProvidedByUsedInFinancingActivities]
[us-gaap_NetCashProvidedByUsedInOperatingActivities]
[us-gaap_ProceedsFromContributionsFromParent]
[us-gaap_ProceedsFromIssuanceOfCommonStock]
[us-gaap_ProceedsFromLoans]