Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2017 | Nov. 15, 2017 | |
Document And Entity Information | ||
Entity Registrant Name | VIGILANT DIVERSIFIED HOLDINGS, INC./NV | |
Entity Central Index Key | 1,653,099 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2017 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 15,696,000 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2,017 |
Condensed Balance Sheets
Condensed Balance Sheets - USD ($) | Sep. 30, 2017 | Dec. 31, 2016 |
Current Assets | ||
Cash | $ 7,324 | $ 67,840 |
Prepaid expense | 3,000 | |
TOTAL ASSETS | 7,324 | 70,840 |
Current Liabilities | ||
Accounts payable and accrued liabilities | 21,700 | 47,700 |
Related party advances | 136,885 | 136,885 |
Total Liabilities | 158,585 | 184,585 |
Stockholders’ Deficit | ||
Preferred Stock: authorized 10,000,000 preferred shares,$0.0001 par value, 4,000,000 designated to Series A Preferred Stock; none issued and outstanding on September 30, 2017 and 540,000 issued and outstanding on December 31, 2016 | 54 | |
Common Stock: authorized 100,000,000 common shares, par value $0.0001, 15,696,000 and 15,156,000 issued and outstanding September 30, 2017 and December 31, 2016 | 1,570 | 1,516 |
Additional Paid-In Capital | 167,232 | 167,232 |
Accumulated Deficit | (320,063) | (282,547) |
Total Stockholders’ Deficit | (151,261) | (113,745) |
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT | $ 7,324 | $ 70,840 |
Condensed Balance Sheets (Paren
Condensed Balance Sheets (Parenthetical) - $ / shares | Sep. 30, 2017 | Dec. 31, 2016 |
Preferred stock shares, authorized | 10,000,000 | 10,000,000 |
Preferred stock shares, par value | $ 0.0001 | $ 0.0001 |
Preferred stock shares, issued | ||
Preferred stock shares, outstanding | ||
Common stock shares, authorized | 100,000,000 | 100,000,000 |
Common stock shares, par value | $ 0.0001 | $ 0.0001 |
Common stock shares, issued | 15,696,000 | 15,156,000 |
Common stock shares, outstanding | 15,696,000 | 15,156,000 |
Series A Preferred Stock [Member] | ||
Preferred stock, shares designated | 4,000,000 | 4,000,000 |
Preferred stock shares, issued | 540,000 | |
Preferred stock shares, outstanding | 540,000 |
Condensed Interim Statement of
Condensed Interim Statement of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Expenses: | ||||
General & administrative | $ 13,832 | $ 12,178 | $ 30,016 | $ 22,472 |
Professional fees | 3,000 | 6,000 | 7,500 | 29,850 |
Total Expenses | 16,832 | 18,178 | 37,516 | 52,322 |
Loss before Other Items | (16,832) | (18,178) | (37,516) | (52,322) |
Other Expense: | ||||
Loss on investment | (100,000) | |||
Net and Comprehensive Loss for the Period | $ (16,832) | $ (37,516) | $ (152,322) | |
Net Loss per common share - basic and diluted | $ 0 | $ 0 | $ 0 | $ (0.01) |
Weighted average number of common shares outstanding - basic and diluted | 15,696,000 | 15,156,000 | 15,468,329 | 15,148,494 |
Condensed Interim Statement of5
Condensed Interim Statement of Stockholders' Deficit (Unaudited) - USD ($) | Common Stock [Member] | Preferred Stock [Member] | Additional Paid-In Capital [Member] | Stock Proceeds Received [Member] | Accumulated Deficit [Member] | Total |
Balance at Dec. 31, 2015 | $ 1,502 | $ (1,700) | $ 100,000 | $ (113,636) | $ (13,834) | |
Balance, shares at Dec. 31, 2015 | 15,020,000 | |||||
Preferred stock issued for cash | $ 54 | 134,946 | (100,000) | 35,000 | ||
Preferred stock issued for cash, shares | 540,000 | |||||
Common stock issued for cash | $ 14 | 33,986 | 34,000 | |||
Common stock issued for cash, shares | 136,000 | |||||
Net loss for the period | (168,911) | (168,911) | ||||
Balance at Dec. 31, 2016 | $ 1,516 | $ 54 | 167,232 | (282,547) | (113,745) | |
Balance, shares at Dec. 31, 2016 | 15,156,000 | 540,000 | ||||
Net loss for the period | (37,516) | (37,516) | ||||
Conversion of preferred shares | $ 54 | $ (54) | ||||
Conversion of preferred shares, shares | 540,000 | (540,000) | ||||
Balance at Sep. 30, 2017 | $ 1,570 | $ 167,232 | $ (320,063) | $ (151,261) | ||
Balance, shares at Sep. 30, 2017 | 15,696,000 |
Condensed Interim Statements of
Condensed Interim Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
OPERATING ACTIVITIES: | |||||
Net income (loss) | $ (16,832) | $ (37,516) | $ (152,322) | $ (168,911) | |
Loss on investment | 100,000 | ||||
Changes in operating assets and liabilities: | |||||
Prepaid expenses | 3,000 | ||||
Accounts payable and accrued liabilities | (26,000) | 23,884 | |||
Net cash used by Operating activities | (60,516) | (28,438) | |||
INVESTING ACTIVITITES: | |||||
Investment | (100,000) | ||||
Net cash used by investing activities | (100,000) | ||||
FINANCING ACTIVITIES: | |||||
Issuance of common stock | 34,000 | ||||
Issuance of preferred stock | 35,000 | ||||
Net cash provided by Financing Activities | 69,000 | ||||
Net increase in cash | (60,516) | (59,438) | |||
Cash, beginning of period | 67,840 | 134,751 | 134,751 | ||
Cash, end of period | $ 7,324 | $ 75,313 | $ 7,324 | $ 75,313 | $ 67,840 |
Nature of Business
Nature of Business | 9 Months Ended |
Sep. 30, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Nature of Business | NOTE 1-NATURE OF BUSINESS Vigilant Diversified Holdings Inc. (the “Company”) was incorporated under the laws of the state of Nevada on June 30, 2015. The Company has had limited operations and has developed a business plan to consult with companies involved in the cannabis industry in the United States. To date, its business activities have been limited to organizational matters, developing a website, refining its business plan and attempting to secure clients. In the third quarter of 2017, the Company has decided to pursue an acquisition strategy and is in discussions with various parties to make an acquisition of an operating business. While it pursues this new strategy, it will continue to seek consulting clients. Basis of presentation The unaudited interim financial statements included herein have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. They do not include all information and notes required by generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there has been no material change in the information disclosed in the notes to the financial statements included in the Annual Report on Form 10-K of the Company for the year ended December 31, 2016. In the opinion of management, all adjustments (including normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months and nine months ended September 30, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017. For further information, these unaudited interim financial statements and the related notes should be read in conjunction with the Company’s audited financial statements for the year ended December 31, 2016, included in the Company’s report on Form 10-K. Going Concern The accompanying unaudited interim financial statements have been prepared assuming the Company will continue as a going concern. Continuation as a going concern is dependent upon the ability of the Company to obtain the necessary financing to meet its obligations and pay its liabilities arising from normal business operations when they come due and ultimately upon its ability to achieve profitable operations. The outcome of these matters cannot be predicted with any certainty at this time and raises substantial doubt that the Company will be able to continue as a going concern. These unaudited interim financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern. Management intends to obtain additional funding by borrowing funds from its directors and officers and/or a private placement of common stock. |
Related Party Transactions
Related Party Transactions | 9 Months Ended |
Sep. 30, 2017 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | NOTE 2–RELATED PARTY TRANSACTIONS The amounts due to related parties are as follows: September 30, 2017 December 31, 2016 Chief Executive Officer (“CEO”) of the Company $ 389 $ 389 A company controlled by the CEO 136,496 136,496 Total $ 136,885 $ 136,885 During the nine months ended September 30, 2017, there were no related party transactions. |
Stockholders' Deficit
Stockholders' Deficit | 9 Months Ended |
Sep. 30, 2017 | |
Equity [Abstract] | |
Stockholders' Deficit | NOTE 3–STOCKHOLDERS’ DEFICIT Common shares During the three months ended September 30, 2017, the Company did not issue any common or preferred shares. Preferred shares On January 12, 2016, the Company designated 4,000,000 preferred shares into its Series A Preferred Stock which have a value of $0.25 per share, are nonvoting, convertible and not entitled to dividends. Each preferred share is convertible at $0.25 per share into one common share on the earlier of: (1) the time the Company receives its stock symbol; or (2) nine months from the date of purchase. The conversion price is subject to an adjustment if a capital transaction of the Company dilutes the preferred shareholder’s percent ownership of the Company’s common stock. During the three months ended September 30, 2017, the Company did not issue any preferred shares. On January 17, 2016, the Company issued 400,000 Series A Preferred Stock at $0.25 per share for $100,000. On April 11, 2017, the Company converted these preferred shares to 400,000 shares of the Company’s common stock at the conversion rate of one share of preferred for each common share. On February 25, 2016, the Company issued 140,000 Series A Preferred Stock at $0.25 per share for $35,000. On April 11, 2017, the Company converted these preferred shares to 140,000 shares of the Company’s common stock at the conversion rate of one share of preferred for each common share. |
Loss on Investment
Loss on Investment | 9 Months Ended |
Sep. 30, 2017 | |
Investments, Debt and Equity Securities [Abstract] | |
Loss on Investment | NOTE 4– LOSS ON INVESTMENT On January 4, 2016, the Company made an investment in Curved Rolling Papers LLC (“Curved”). The Company entered into an agreement (the “Agreement”) with Curved that provided for the purchase of up to 5% ownership in Curved for $250,000 to be paid in installments. Curved was to receive $250,000 in consideration. The Company invested $50,000 on January 4, 2016 and $50,000 on February 2, 2016. The Company was unable to fund the additional investment since the additional equity it was seeking to raise did not materialize. In May 2016, Curved notified the Company that it was transferring its assets to a new entity and discontinuing Curved, thus nullifying the Company’s investment. Curved failed to provide the Company with certificates evidencing the Company’s membership interest in Curved and have declined to return any of the Company’s investment. As such, the investment was recognized as a loss on the statement of operations. |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Related Party Transactions [Abstract] | |
Schedule of Amount Due to Related Parties | The amounts due to related parties are as follows: September 30, 2017 December 31, 2016 Chief Executive Officer (“CEO”) of the Company $ 389 $ 389 A company controlled by the CEO 136,496 136,496 Total $ 136,885 $ 136,885 |
Related Party Transactions - Sc
Related Party Transactions - Schedule of Amount Due to Related Parties (Details) - USD ($) | Sep. 30, 2017 | Dec. 31, 2016 |
Total | $ 136,885 | $ 136,885 |
Chief Executive Officer ("CEO") of the Company [Member] | ||
Total | 389 | 389 |
A Company Controlled by the CEO [Member] | ||
Total | $ 136,496 | $ 136,496 |
Stockholders' Deficit (Details
Stockholders' Deficit (Details Narrative) - USD ($) | Apr. 11, 2017 | Jan. 12, 2016 | Sep. 30, 2017 | Dec. 31, 2016 | Feb. 25, 2016 | Jan. 17, 2016 |
Preferred stock, shares designated | 4,000,000 | |||||
Shares issued price per share | $ 0.25 | |||||
Preferred stock conversion basis | Each preferred share is convertible at $0.25 per share into one common share on the earlier of: (1) the time the Company receives its stock symbol; or (2) six months from the date of purchase. | |||||
Preferred stock shares, issued | ||||||
Preferred stock value | $ 54 | |||||
Series A Preferred Stock [Member] | ||||||
Preferred stock, shares designated | 4,000,000 | 4,000,000 | ||||
Shares issued price per share | $ 0.25 | $ 0.25 | ||||
Preferred stock shares, issued | 540,000 | 140,000 | 400,000 | |||
Preferred stock value | $ 35,000 | $ 100,000 | ||||
Preferred Stock One [Member] | ||||||
Preferred shares converted into common stock | 400,000 | |||||
Conversion stock price | $ 1 | |||||
Preferred Stock Two [Member] | ||||||
Preferred shares converted into common stock | 140,000 | |||||
Conversion stock price | $ 1 |
Loss on Investment (Details Nar
Loss on Investment (Details Narrative) - Curved Rolling Papers LLC [Member] - USD ($) | 9 Months Ended | ||
Sep. 30, 2017 | Feb. 02, 2016 | Jan. 04, 2016 | |
Ownership percentage | 5.00% | ||
Payment to acquire investment | $ 250,000 | ||
Proceeds from investments | $ 250,000 | ||
Investments | $ 50,000 | $ 50,000 |