Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Sep. 30, 2015 | Nov. 17, 2015 | |
Document And Entity Information | ||
Entity Registrant Name | KETDARINA CORP | |
Entity Central Index Key | 1,594,114 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2015 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --06-30 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 3,740,000 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2,016 |
CONDENSED BALANCE SHEETS
CONDENSED BALANCE SHEETS - USD ($) | Sep. 30, 2015 | Jun. 30, 2015 |
Current Assets | ||
Cash and cash equivalents | ||
Total Current Assets | ||
Total Assets | ||
Current Liabilities | ||
Accrued expenses | $ 2,510 | $ 2,510 |
Loan from director | 7,927 | 7,927 |
Total Liabilities | 10,437 | 10,437 |
Stockholders' Equity | ||
Common Stock, par value $0.001; 75,000,000 shares authorized, 3,740,000 shares issued and outstanding | 3,740 | 3,740 |
Additional paid-in capital | 31,989 | 31,989 |
Accumulated deficit | (46,166) | (46,166) |
Total Stockholders' Equity | $ (10,437) | $ (10,437) |
Total Liabilities and Stockholders' Equity |
CONDENSED BALANCE SHEETS (Paren
CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares | Sep. 30, 2015 | Jun. 30, 2015 |
Statement of Financial Position [Abstract] | ||
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 75,000,000 | 75,000,000 |
Common stock, shares issued | 3,740,000 | 3,740,000 |
Common stock, shares outstanding | 3,740,000 | 3,740,000 |
Condensed Statement of Operatio
Condensed Statement of Operations - USD ($) | 3 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Income Statement [Abstract] | ||
Revenues | ||
Operating Expenses | ||
Professional fees | $ 15,304 | |
General and administrative expenses | 107 | |
Total Operating Expenses | 15,411 | |
Net Loss From Operations | $ (15,411) | |
Provision for Income Taxes | ||
Net Loss | $ (15,411) | |
Net Loss Per Share: Basic and Diluted | $ 0 | $ 0 |
Weighted-average number of common shares outstanding | 3,740,000 | 3,740,000 |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows - USD ($) | 3 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Cash flows from operating activities: | ||
Net loss for the period | $ (15,411) | |
Changes in operating assets and liabilities: | ||
Increase (decrease) in accrued expenses | ||
Net cash used in operating activities | $ (15,411) | |
Net increase (decrease) in cash | (15,411) | |
Cash, beginning of the period | 29,216 | |
Cash, end of the period | $ 13,805 | |
Supplemental Cash Flow Information: | ||
Interest paid | ||
Income taxes paid |
CONDENSED FINANCIAL STATEMENTS
CONDENSED FINANCIAL STATEMENTS | 3 Months Ended |
Sep. 30, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
CONDENSED FINANCIAL STATEMENTS | NOTE 1 CONDENSED FINANCIAL STATEMENTS Ketdarina Corp. was incorporated under the laws of the State of Nevada on July 13, 2011. Until November 19, 2014, we were in the business of wholesale of bedding products to industrial, commercial and institutional retailers, and other professional business users, or to other wholesalers and related subordinated services. On November 19, 2014, as reported in our Form 8-K which was filed with the Securities and Exchange Commission on November 28, 2014, the previous principal shareholders: (a) sold their shares to Western Highlands Minerals, Ltd., a Vietnamese corporation WHM) and/or Mr. Phap Bui as representative; (b) resigned as our management and appointed WHMs designees as new management, (c) took over the inactive bedding business from us, and (d) cancelled all previous debt which we owed to them. Since the change of control, although engaging in ongoing discussions, WHM and its designees have not entered into any agreements or understandings by which we would acquire any assets or a business. The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows as of and for the period ended September 30, 2015 and for all periods presented have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Companys June 30, 2015 audited financial statements as reported in its Form 10-K. The results of operations for the three-month period ended September 30, 2015 are not necessarily indicative of the operating results for the full year ending June 30, 2015. |
GOING CONCERN
GOING CONCERN | 3 Months Ended |
Sep. 30, 2015 | |
Going Concern | |
GOING CONCERN | NOTE 2 GOING CONCERN The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. However, the Company had no revenues through the three months ended September 30, 2015, and is no longer in the bedding business. The Company currently has no working capital, and has not completed the acquisition of any assets or a business. Management anticipates that the Company will be dependent, for the near future, on investment capital to fund any acquisitions and operating expenses. The Company intends to position itself so that it may be able to raise funds through the capital markets. New management can give no assurances that the Company will be successful in this or any of its endeavors or become financially viable as a going concern. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 3 Months Ended |
Sep. 30, 2015 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 3 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. Accounting Basis The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (GAAP accounting). The Company has adopted a June 30 fiscal year end. Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $0 of cash and cash equivalents as of September 30, 2015 and $0 of cash and cash equivalents as of June 30, 2015. Fair Value of Financial Instruments The Companys financial instruments consist of cash and cash equivalents and amounts due to shareholder. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. I ncome Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Revenue Recognition The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured. Stock-Based Compensation Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options. Basic Income (Loss) Per Share Basic income (loss) per share is calculated by dividing the Companys net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of September 30, 2015. Comprehensive Income The Company has which established standards for reporting and display of comprehensive income, its components and accumulated balances. When applicable, the Company would disclose this information on its Statement of Stockholders Equity. Comprehensive income comprises equity except those resulting from investments by owners and distributions to owners. The Company has not had any significant transactions that are required to be reported in other comprehensive income. Recent Accounting Pronouncements Ketdarina Corp. does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Companys results of operations, financial position or cash flow. |
LOAN FROM DIRECTOR
LOAN FROM DIRECTOR | 3 Months Ended |
Sep. 30, 2015 | |
Related Party Transactions [Abstract] | |
LOAN FROM DIRECTOR | NOTE 4 LOAN FROM DIRECTOR On February 2, 2012, the director loaned $100 to open bank account. On March 22, 2012, director loaned $180 for Sample Purchase. On December 4, 2013, the director loaned $3,670 to cover Professional fees. On December 5, 2013, the director loaned $3,670 to cover Professional fees. During the year ended June 30, 2014, the director loaned $20,000 to fund operations for the Company. The loans are unsecured, non-interest bearing and due on demand As part of the change of control, the now-former director forgave all indebtedness owed to him as of November 19, 2014. As of September 30, 2015, an affiliate of the new principal shareholder loaned the Company $2,220, which is unsecured, non-interest bearing, and due on demand. As of June 30, 2015 an affiliate of the new principal shareholder loaned the Company $5,707 as a loan, which is unsecured, non-interest bearing, and due on demand |
COMMON STOCK
COMMON STOCK | 3 Months Ended |
Sep. 30, 2015 | |
Equity [Abstract] | |
COMMON STOCK | NOTE 5 COMMON STOCK The Company has 75,000,000, $0.001 par value shares of common stock authorized. On February 10, 2012, the Company issued 2,000,000 shares of common stock for cash proceeds of $2,000 at $0.001 per share. On May 3, 2012, the Company issued 1,680,000 shares of common stock for cash proceeds of $16,772 at $0.01 per share. In February 2014, the Company issued 60,000 shares of common stock for cash proceeds of $600 at $0.01 per share. There were 3,740,000 shares of common stock issued and outstanding as of September 30, 2015. |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 3 Months Ended |
Sep. 30, 2015 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 6 COMMITMENTS AND CONTINGENCIES The Company neither owns nor leases any real or personal property. An officer has provided office services without charge. There is no obligation for the officer to continue this arrangement. Such costs are immaterial to the financial statements and accordingly are not reflected herein. The officers and directors are involved in other business activities and most likely will become involved in other business activities in the future. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 3 Months Ended |
Sep. 30, 2015 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 7 SUBSEQUENT EVENTS In accordance with SFAS 165 (ASC 855-10) the Company has analyzed its operations up to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements. |
SUMMARY OF SIGNIFICANT ACCOUN13
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 3 Months Ended |
Sep. 30, 2015 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. |
Accounting Basis | Accounting Basis The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (GAAP accounting). The Company has adopted a June 30 fiscal year end. |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $0 of cash and cash equivalents as of September 30, 2015 and $0 of cash and cash equivalents as of June 30, 2015. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Companys financial instruments consist of cash and cash equivalents and amounts due to shareholder. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. |
Income Taxes | I ncome Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Revenue Recognition | Revenue Recognition The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured. |
Stock-Based Compensation | Stock-Based Compensation Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options. |
Basic Income (Loss) Per Share | Basic Income (Loss) Per Share Basic income (loss) per share is calculated by dividing the Companys net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of September 30, 2015. |
Comprehensive Income | Comprehensive Income The Company has which established standards for reporting and display of comprehensive income, its components and accumulated balances. When applicable, the Company would disclose this information on its Statement of Stockholders Equity. Comprehensive income comprises equity except those resulting from investments by owners and distributions to owners. The Company has not had any significant transactions that are required to be reported in other comprehensive income. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements Ketdarina Corp. does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Companys results of operations, financial position or cash flow. |
SUMMARY OF SIGNIFICANT ACCOUN14
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) | 3 Months Ended | |||
Sep. 30, 2015 | Jun. 30, 2015 | Sep. 30, 2014 | Jun. 30, 2014 | |
Accounting Policies [Abstract] | ||||
Cash and cash equivalents | $ 13,805 | $ 29,216 | ||
Common stock equivalents outstanding | 0 |
LOAN FROM DIRECTOR (Details)
LOAN FROM DIRECTOR (Details) - USD ($) | Dec. 05, 2013 | Dec. 04, 2013 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2012 | Feb. 28, 2012 | Jun. 30, 2014 |
Director [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Proceeds from loan with related party | $ 3,670 | $ 3,670 | $ 180 | $ 100 | $ 20,000 | ||
Affiliate of New Principal Shareholder [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Proceeds from loan with related party | $ 2,220 | $ 5,707 |
COMMON STOCK (Details)
COMMON STOCK (Details) - USD ($) | 1 Months Ended | ||||||
Feb. 28, 2014 | May. 31, 2012 | Feb. 28, 2012 | Sep. 30, 2015 | Jun. 30, 2015 | May. 03, 2012 | Feb. 10, 2012 | |
Class of Stock [Line Items] | |||||||
Common stock, par value | $ 0.001 | $ 0.001 | |||||
Common stock, shares authorized | 75,000,000 | 75,000,000 | |||||
Common stock, shares issued | 3,740,000 | 3,740,000 | |||||
Common stock, shares outstanding | 3,740,000 | 3,740,000 | |||||
Common Stock [Member] | |||||||
Class of Stock [Line Items] | |||||||
Common stock, par value | $ 0.01 | $ 0.01 | $ .001 | ||||
Stock issued during period, number of shares | 60,000 | 1,680,000 | 2,000,000 | ||||
Proceeds from issuance of stock | $ 600 | $ 16,772 | $ 2,000 |