Dynamic Enviro 10-Q 15 May 17 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	3 Months Ended
	Mar. 31, 2017	May 11, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Trading Symbol	cik0001643930
Entity Registrant Name	Dynamic Enviro Inc.
Entity Central Index Key	1,643,930
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Public Float		$ 0
Entity Common Stock, Shares Outstanding		76,978,320

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Current Assets
Cash	$ 8,297	$ 6,359
Accounts receivable	51,007	212,346
Prepaid expenses	16,250	23,640
Total Current Assets	75,554	242,345
Property and equipment; net of accumulated amortization of $276,059 and $272,728, respectively	98,092	45,248
Total Assets	173,646	287,593
Current Liabilities
Accounts payable	167,893	156,568
Accrued expenses	196,445	193,261
Line of credit	97,505	100,561
Notes payable	15,651	15,651
Capital lease obligation	8,619
Due to related party	31,099	30,085
Total Current Liabilities	517,212	496,126
Long Term Liabilities
Due to related party	7,283	8,297
Capital lease obligation	41,007
Total Liabilities	565,502	504,423
Stockholders' Deficit
Preferred Stock Authorized: 30,000,000 shares, no par value Issued and Outstanding: nil shares
Common Stock Authorized: 200,000,000 shares, $0.0001 par value Issued and Outstanding:76,978,320 and 76,978,320 shares as of March 31, 2017 and December 31, 2016, respectively	7,698	7,698
Additional paid-in capital	222,564	222,564
Accumulated deficit	(622,118)	(447,092)
Total Stockholders' Deficit	(391,856)	(216,830)
Total Liabilities and stockholders' deficit	$ 173,646	$ 287,593

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Accumulated Depreciation	$ 276,059	$ 272,728
Preferred Stock, Shares Authorized	30,000,000	30,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0	$ 0
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares, Issued	76,978,320	76,133,320
Common Stock, Shares, Outstanding	76,978,320	76,978,320

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Statement [Abstract]
Revenue	$ 186,199	$ 149,922
Cost of Revenue	155,750	113,664
Gross Profit	30,449	36,258
Operating Expenses
Depreciation expense	3,331	6,079
General and administrative	201,185	101,462
Total Operating Expenses	204,516	107,541
Operating Loss	(174,067)	(71,283)
Other Expenses
Interest expense	(959)
Total Other Expenses	(959)
Net Loss	$ (175,026)	$ (71,283)
Net Loss Per Share, Basic and Diluted	$ 0	$ 0
Weighted Average Shares Outstanding, Basic and Diluted	76,978,320	76,359,913

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash Flows from Operating Activities
Net loss	$ (175,026)	$ (71,283)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense	3,331	6,079
Changes in operating assets and liabilities:
Accounts receivable	161,339	(52,624)
Prepaid expenses	7,390
Accounts payable and accrued expense	14,509	67,742
Net Cash (Used in) Provided by Operating Activities	11,543	(50,086)
Cash Flows from Investing Activities
Purchase of property and equipment	(6,549)
Net Cash Used in Investing Activities	(6,549)
Cash Flows from Financing Activities
Repayments from credit lines	(12,556)
Proceeds from credit lines	9,500
Proceeds received from subscription receivable		10,000
Proceeds received from issuance of common stock		24,000
Net Cash Provided by (Used in) Financing Activities	(3,056)	34,000
Net change in Cash	1,938	(16,086)
Cash - Beginning of Year	6,359
Cash - End of Year	8,297	7,759
Supplemental disclosures of cash flow information:
Interest paid	959
Income taxes paid
Noncash investing and financing activities:
Vehicle acquired through capital lease	$ 49,626

Nature of Operations

Nature of Operations	3 Months Ended
	Mar. 31, 2017
Nature Of Operations
Nature of Operations	1. Nature of Operations Dynamic Enviro, Inc. (the "Company"), was incorporated in the state of Florida on October 28, 2014. In January 2015, the Company assumed the principal business operations of Dynamic Environmental, Inc., a related company under common control with the same sole director as the Company, by continuing the principal business while Dynamic Environmental, Inc. ceased operations of its principal business. Therefore, the Company is considered a continuation of Dynamic Environmental, Inc. The transfer of the business from Dynamic Environmental, Inc. to the Company was accomplished solely through the transfer of the net assets of Dynamic Environmental to the Company and did not involve a merger, business combination, exchange of shares or other transaction under ASC 805. The transaction was accounted for as a transfer of a business between entities under common control and the financial statements included herein are presented as a retrospective combination of the entities for all periods presented as if the combination had been in effect since the inception of common control in accordance with ASC 805-50-45. The Company's principal business is the provision of environmental and disaster response services.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	2. Basis of Presentation a) Interim Financial Statements The interim unaudited financial statements as of March 31, 2017, and for the three months ended March 31, 2017 and 2016, have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information on the same basis as the annual financial statements and in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company's financial position, results of operations and cash flows for the periods shown. The results of operations for such periods are not necessarily indicative of the results expected for a full year or for any future period. They do not include all of the information and footnotes required by GAAP for complete financial statements. Therefore, these financial statements should be read in conjunction with the Company's audited financial statements and notes thereto for the years ended December 31, 2016 and 2015. b) Going Concern These financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities and commitments in the normal course of business for the foreseeable future. The Company has a working capital deficit of $441,658 at March 31, 2017 and has suffered net losses. The Company has funded activities to date from debt financings and earnings. These factors raise substantial doubt about the Company's ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and public issuance of common stock. While the Company believes that it will be successful in obtaining the necessary financing and generating revenue to fund its operations, meet regulatory requirements and achieve commercial goals, there are no assurances that such additional funding will be achieved and that it will succeed in its future operations.

Property and Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	3. Property and Equipment Equipment $ Vehicles $ Total $ Cost: Balance, December 31, 2016 93,080 224,896 317,976 Additions 6,549 49,626 56,175 Balance, March 31, 2017 99,629 274,522 374,151 Accumulated amortization: Balance, December 31, 2016 69,859 202,869 272,728 Additions 1,551 1,780 3,331 Balance, March 31, 2017 71,410 204,649 276,059 Carrying amounts: Balance, December 31, 2016 23,221 22,027 45,248 Balance, March 31, 2017 28,219 69,873 98,092

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	5. Related Party Transactions As of March 31, 2017 and December 31, 2016, the Company owes the President of the Company $26,030 for advances payable to the fund Company. The amount is unsecured, non-interest bearing and due on demand. On April 13, 2016, the Company purchased a vehicle from the President of the Company for a total purchase price of $19,366. The $19,366 will be paid by a $6,000 down payment followed by monthly payments of $338 until the total balance is paid off. No Payments were made during the three months ended March 31, 2017. As of March 31, 2017 and December 31, 2016, the Company owes the President of the Company $12,352 for the purchase of the vehicle, of which $5,069 and 4,055 were classified as short term, respectively.

Line of Credit

Line of Credit	3 Months Ended
	Mar. 31, 2017
Receivables [Abstract]
Line of Credit	6. Line of Credit During the year ended December 31, 2016, the Company entered a credit line agreement with a non-related third party for $100,000. The loan is secured by certain assets of the Company, bears interest at a rate of 7.25% and is due on demand. As of March 31, 2017 and December 31, 2016 the Company has an outstanding balance of $97,505 and $100,561, respectively.

Notes Payable

Notes Payable	3 Months Ended
	Mar. 31, 2017
Notes Payable [Abstract]
Notes Payable	7. Notes Payable During the year ended December 31, 2013, the Company entered a loan agreement with a non-related third party for $32,651. The loan is unsecured, non-interest bearing and due on demand. During the year ended December 31, 2016, the Company made payments of $6,500 (2015 - $0), and no payments were made during the three month ended March 31, 2017. As of December 31, 2016 and March 31, 2017, the Company owed $15,651 In March 2017 the Company leased a new vehicle with a $0 dollar purchase option at the end of the lease term. The Company determined the lease qualified as capital lease. The purchase price of the vehicle was $49,626. The Company agreed to pay a total of $59,238 over the 60 month term of the lease.

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Equipment $ Vehicles $ Total $ Cost: Balance, December 31, 2016 93,080 224,896 317,976 Additions 6,549 49,626 56,175 Balance, March 31, 2017 99,629 274,522 374,151 Accumulated amortization: Balance, December 31, 2016 69,859 202,869 272,728 Additions 1,551 1,780 3,331 Balance, March 31, 2017 71,410 204,649 276,059 Carrying amounts: Balance, December 31, 2016 23,221 22,027 45,248 Balance, March 31, 2017 28,219 69,873 98,092

Basis of Presentation (Details

Basis of Presentation (Details Textual)	Mar. 31, 2017USD ($)
Accounting Policies [Abstract]
Working capital deficit	$ 441,658

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Cost: Begining Balance	$ 317,976
Additions	56,175
Cost: Ending Balance	374,151
Accumulated amortization: Begining Balance	272,728
Additions	3,331
Accumulated amortization: Ending Balance	276,059
Carrying amounts: Balance	98,092	$ 45,248
Equipment [Member]
Cost: Begining Balance	93,080
Additions	6,549
Cost: Ending Balance	99,629
Accumulated amortization: Begining Balance	69,859
Additions	1,551
Accumulated amortization: Ending Balance	71,410
Carrying amounts: Balance	28,219	23,221
Vehicles [Member]
Cost: Begining Balance	224,896
Additions	49,626
Cost: Ending Balance	274,522
Accumulated amortization: Begining Balance	202,869
Additions	1,780
Accumulated amortization: Ending Balance	204,649
Carrying amounts: Balance	$ 69,873	$ 22,027

Related Party Transactions (Det

Related Party Transactions (Details Textual) - USD ($)	Apr. 13, 2016	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
President [Member]
Due to Officers or Stockholders, Current		$ 12,352		$ 26,030
Related Party Transaction, Amounts of Transaction	$ 19,366	$ 26,030	$ 38,030
Monthly Installment Payments	338
Vehicles [Member]
President [Member]
Related Party Transaction, Amounts of Transaction	19,366
Payments to Acquire Property, Plant, and Equipment	6,000
Monthly Installment Payments	$ 12,352

Line of Credit (Details Textual

Line of Credit (Details Textual) - USD ($)	1 Months Ended	3 Months Ended
	Dec. 31, 2016	Mar. 31, 2017
Receivables [Abstract]
Payment for agreement with a non-related third party		$ 100,000
Bears interest at a rate		7.25%
Line Of Credit Facility Maximum Monthend Outstanding Amount	$ 100,561	$ 97,505

Notes Payable (Details Textual)

Notes Payable (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2013	Nov. 04, 2011
Notes Payable Details Textual
Debt Instrument, Face Amount			$ 32,651
Notes Payable, Current	$ 15,651	$ 15,651
Purchase equipment	0			$ 74,059
Purchase Price	$ 49,626