Dynamic Enviro 10-Q 22 Aug 17 2017 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	6 Months Ended
	Jun. 30, 2017	Aug. 15, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
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		77,173,320

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Current Assets
Cash		$ 6,359
Accounts receivable	70,588	212,346
Prepaid expenses	14,625	23,640
Total Current Assets	85,213	242,345
Property and equipment; net of accumulated amortization of $210,896 and $272,728, respectively	210,133	45,248
Total Assets	295,346	287,593
Current Liabilities
Cash overdraft	17,104
Accounts payable	154,120	156,568
Accrued expenses	295,629	193,261
Line of credit	100,640	100,561
Notes payable, net of unamortized original debt discount of $366	50,285	15,651
Capital lease obligation (Net of deferred financing costs of $7,236)	28,996
Due to related party	32,113	30,085
Total Current Liabilities	678,887	496,126
Long Term Liabilities
Due to related party	6,269	8,297
Capital lease obligation (Net of deferred financing costs of $26,964)	146,119
Total Liabilities	831,275	504,423
Stockholders' Deficit
Preferred Stock Authorized: 30,000,000 shares, no par value Issued and Outstanding: 0 shares
Common Stock Authorized: 200,000,000 shares, $0.0001 par value Issued and Outstanding:77,173,320 and 76,978,320 shares as of June 30, 2017 and December 31, 2016, respectively	7,718	7,698
Additional paid-in capital	242,044	222,564
Accumulated deficit	(785,691)	(447,092)
Total Stockholders' Deficit	(535,929)	(216,830)
Total Liabilities and stockholders' deficit	$ 295,346	$ 287,593

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Accumulated Depreciation	$ 210,896	$ 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
Common Stock, Shares, Issued	77,173,320	76,978,320
Common Stock, Shares, Outstanding	77,173,320	76,978,320

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Revenue	$ 182,940	$ 544,809	$ 369,139	$ 694,731
Cost of Revenue	199,354	328,616	355,104	442,280
Gross Profit (Loss)	(16,414)	216,193	14,035	252,451
Operating Expenses / (gains)
Depreciation expense	11,801	6,833	15,132	12,912
Gain on sale of equipment	(32,539)		32,539	0
General and administrative	158,448	183,654	359,633	285,116
Total Operating Expenses	137,710	190,487	342,226	298,028
Operating Loss	(154,124)	25,706	(328,191)	(45,577)
Other Expenses
Interest expense	(9,449)		(10,408)
Total Other Expenses	(9,449)		(10,408)
Net Income (Loss)	$ (163,573)	$ 25,706	$ (338,599)	$ (45,577)
Net Loss Per Share, Basic and Diluted	$ 0	$ 0	$ 0	$ 0
Weighted Average Shares Outstanding, Basic and Diluted	77,004,199	76,701,936	76,991,331	76,530,975

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash Flows from Operating Activities
Net loss	$ (338,599)	$ (45,577)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense	15,132	12,912
Gain on sale of property and equipment	32,539	0
Stock issued for consulting services	5,000	250
Stock issued for director fees	500
Stock issued to employees	12,500
Stock issued for marketing services		10,000
Amortization of deferred financing cost	1,969
Amortization of original debt discount	4,634
Changes in operating assets and liabilities:
Accounts receivable	141,758	(156,454)
Prepaid expenses	9,015
Accounts payable and accrued expense	99,920	142,243
Net Cash Used in Operating Activities	(80,710)	(36,626)
Cash Flows from Investing Activities
Proceeds from sale of property and equipment	49,000
Purchase of property and equipment	(7,608)	(6,000)
Net Cash Provided by (Used in) Investing Activities	41,392	(6,000)
Cash Flows from Financing Activities
Cash overdraft	17,104
Proceeds from credit lines	18,664
Repayments on credit lines	(18,585)
Payment on capital leases	(15,724)
Proceeds from note payable	30,000
Repayment of note payable		(4,000)
Repayment to related party		(8,014)
Proceeds received from subscription receivable		(11,000)
Proceeds received from issuance of common stock	1,500	24,000
Net Cash Provided by Financing Activities	32,959	22,986
Net change in Cash	(6,359)	(19,640)
Cash - Beginning of Period	6,359
Cash - End of Period		4,205
Supplemental disclosures of cash flow information:
Interest paid	3,057
Income taxes paid
Noncash investing and financing activities:
Vehicles acquired through capital leases	188,870
Note payable issued for vehicle acquired from related party		$ 13,366

Nature of Operations

Nature of Operations	6 Months Ended
	Jun. 30, 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	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Basis of Presentation	2. Basis of Presentation a) Interim Financial Statements The interim unaudited financial statements as of June 30, 2017, and for the six months ended June 30, 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 $593,674 at June 30, 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	6 Months Ended
	Jun. 30, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	3. Property and Equipment Property and equipmentconsisted of the following: June 30, 2017 December 31, 2016 Equipment $ 98,580 $ 93,080 Vehicles 322,449 224,896 Total 421,029 317,976 Accumulated depreciation (210,896 ) (272,728 ) Balance $ 210,133 $ 45,248 During the six months ended June 30, 2017 the Company sold vehicle with a net book value of $16,461 for proceeds of $47,500 in addition the Company recognized a $1,500 gain on the sale of cabinets. The Company recognized a gain on sale of $32,539. 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. $9,612 is recorded as deferred financing cost, and is amortized through the life of the lease. In June 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 $53,924. The Company agreed to pay a total of $63,532 over the 60 month term of the lease. $9,608 is recorded as deferred financing cost, and is amortized through the life of the lease. In June 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 $85,320. The Company agreed to pay a total of $102,268 over the 60 month term of the lease.$16,948 is recorded as deferred financing cost, and is amortized through the life of the lease. During the six months ended June 30, 2017, the Company made a lease payment of $15,724 and amortized $1,969 deferred financing costs related to the leases. During the three and six months end June 30, 2017 and 2016 depreciation expense was $11,801, $15,132, $6,833 and $12,912, respectively

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2017
Related Party Transactions [Abstract]
Related Party Transactions	5. Related Party Transactions As of June 30, 2017 and December 31, 2016, the Company owes the President of the Company $26,030 for advances payable to fund the 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 six months ended June 30, 2017. As of June 30, 2017 and December 31, 2016, the Company owes the President of the Company $12,352 for the purchase of the vehicle, of which $6,083 and 4,055 were classified as short term, respectively. .

Line of Credit

Line of Credit	6 Months Ended
	Jun. 30, 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 June 30, 2017 and December 31, 2016 the Company has an outstanding balance of $100,640 and $100,561, respectively. During six months ended June 30, 2017, the Company had proceeds of $18,664 and repaid $18,585 for the line of credit.

Notes Payable

Notes Payable	6 Months Ended
	Jun. 30, 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 six month ended June 30, 2017. As of December 31, 2016 and June 30, 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. OnMay 23, 2017 the Company entered into a loan agreement and received $30,000. The Company agreed to repay a total of $35,000 on July 3, 2017. The Company recorded an original issue discount of $5,000 and is amortizing over the term of the note. As of June 30, 2017 the Company amortized debt discount of $4,634. In June 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 $53,924. The Company agreed to pay a total of $63,532 over the 60 month term of the lease. In June 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 $85,320. The Company agreed to pay a total of $102,268 over the 60 month term of the lease. During the six months ended June 30, 2017, the Company made lease payment of $15,724 and amortized $1,969 deferred financing costs related to the leases. The total remaining lease obligation is $175,115, net of deferred financing cost of $34,200.

Common Stock

Common Stock	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Common Stock	8. Common Stock During the six months ended June 30, 2017 the Company issued 15,000 shares of common stock at $0.10 per share for cash proceeds of $1,500. During the six months ended June 30, 2017 the Company issued 5,000 shares of common stock with a fair value of $500to a Board member as compensation. During the six months ended June 30, 2017 the Company issued 125,000 shares of common stock with a fair value of $12,500 to Company employees as compensation. During the six months ended June 30, 2017 the Company issued 50,000 shares of common stock with a fair value of $5,000 to a third party for the services to be rendered.

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	June 30, 2017 December 31, 2016 Equipment $ 98,580 $ 93,080 Vehicles 322,449 224,896 Total 421,029 317,976 Accumulated depreciation (210,896 ) (272,728 ) Balance $ 210,133 $ 45,248

Basis of Presentation (Details

Basis of Presentation (Details Textual)	Jun. 30, 2017USD ($)
Accounting Policies [Abstract]
Working capital deficit	$ 59,367

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Cost: Begining Balance	$ 317,976
Additions	56,175
Cost: Ending Balance	421,029
Accumulated amortization: Begining Balance	272,728
Additions	3,331
Accumulated amortization: Ending Balance	210,896
Carrying amounts: Balance	210,133	$ 45,248
Equipment [Member]
Cost: Begining Balance	93,080
Additions	6,549
Cost: Ending Balance	98,580
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	322,449
Accumulated amortization: Begining Balance	202,869
Additions	1,780
Accumulated amortization: Ending Balance	204,649
Carrying amounts: Balance	$ 69,873	$ 22,027

Property and Equipment (Detai16

Property and Equipment (Details Textual) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Property And Equipment Details Textual
Sale Lease back Transaction Net Book Value				$ 16,461
Property and Equipment Proceeds				49,000
Property and Equipment recognized a gain on sale				32,539
Depreciation expense		$ 11,801	$ 15,132	6,833	$ 12,912
Property and Equipment purchase price for the vehicle	$ 49,626			49,626
Equaipayme Payble	$ 59,238			$ 53,924
Term of the lease	60 month			60 month

Related Party Transactions (Det

Related Party Transactions (Details Textual) - USD ($)	Apr. 13, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
President [Member]
Due to Officers or Stockholders, Current		$ 26,030		$ 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	6 Months Ended		12 Months Ended
	Dec. 31, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
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	$ 100,640		$ 100,640
Proceeds From Lines Of Credit	$ 18,585	$ 18,664

Notes Payable (Details Textual)

Notes Payable (Details Textual) - USD ($)	1 Months Ended	6 Months Ended
	Mar. 31, 2017	Jun. 30, 2017	Dec. 31, 2016	Dec. 31, 2013	Nov. 04, 2011
Notes Payable Details Textual
Debt Instrument, Face Amount				$ 32,651
Notes Payable, Current		$ 50,285	$ 15,651
Purchase equipment		0			$ 74,059
Purchase Price	$ 49,626	$ 49,626

Common Stock (Details Textual)

Common Stock (Details Textual) - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Common Shares par value			$ 0.0001
Cash Proceeds	$ 1,500	$ 24,000
Common Stock [Member]
Stock Issued During Period, Shares, New Issues	15,000
Common Shares par value	$ 0.10
Cash Proceeds	$ 1,500
Board Member Compensation [Member]
Stock Issued During Period, Shares, New Issues	5,000
Investments At Fair Value	$ 500
Employees Compensation [Member]
Stock Issued During Period, Shares, New Issues	125,000
Investments At Fair Value	$ 12,500
Services Rendered [Member]
Stock Issued During Period, Shares, New Issues	50,000
Investments At Fair Value	$ 5,000