Strategic Internet Investments (SIII) 10-Q/A 18 Dec 14 2014 Q3 Quarterly report (amended) Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Oct. 31, 2014
Document And Entity Information
Entity Registrant Name	STRATEGIC INTERNET INVESTMENTS INC
Entity Central Index Key	53320
Document Type	10-Q
Document Period End Date	30-Sep-14
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		36,359,391
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2014

Interim_Balance_Sheets_Unaudit

Interim Balance Sheets (Unaudited) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Current Assets
Cash	$2,092	$3
TOTAL ASSETS	2,092	3
Current Liabilities
Accounts payable	86,400	91,380
Accounts payable - related party	111,111	121,348
Accrued interest	3,060
Accrued interest - related party	404,838	345,406
Convertible note payable	50,000
Loans and convertible notes payable - related party	787,785	814,626
TOTAL LIABILITIES	1,443,194	1,372,760
Stockholders' deficit:
Common stock, $0.001 par value, 100,000,000 authorized, 36,359,391 (2013: 35,159,391) issued and outstanding	36,359	35,159
Additional paid-in capital	11,857,533	11,808,733
Accumulated deficit	-13,335,192	-13,216,847
TOTAL STOCKHOLDERS' DEFICIT	-1,441,102	-1,372,757
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	2,092	3
Class A Convertible Preferred
Current Liabilities
Preferred Stock	198	198
Class B Preferred
Current Liabilities
Preferred Stock

Interim_Balance_Sheets_Parenth

Interim Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Common Stock, Par Value Per Share	$0.00	$0.00
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares Issued	36,359,391	35,159,391
Common Stock, Shares Outstanding	36,359,391	35,159,391
Class A Convertible Preferred
Preferred Stock, Par Value Per Share	$0.00	$0.00
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	198,000	198,000
Preferred Stock, Shares Outstanding	198,000	198,000
Class B Preferred
Preferred Stock, Par Value Per Share	$0.00	$0.00
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0

Interim_Statements_Of_Operatio

Interim Statements Of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
General and Administrative Expenses
Accounting and audit fees	$9,644	$6,570	$39,443	$41,052
Communications	247	131	670	1,733
Consulting fees				1,196,510
Legal fees			344	806
Management fees	1,000	4,800	13,302	122,750
Office and general	355	182	749	930
Regulatory fees	8,952	2,085	10,300	11,368
Transfer agent fees	375	375	1,125	1,525
Operating loss	-20,573	-14,143	-65,933	-1,376,674
Other items
Interest	-21,827	-18,581	-62,492	-53,812
Gain (loss) on foreign exchange	9,459	-4,980	10,080	7,561
Loss on settlement of payables				-1,364,757
Net loss for the period	($32,941)	($37,704)	($118,345)	($2,787,682)
Basic and diluted loss per share	$0	$0	$0	($0.08)
Weighted average number of common shares outstanding	36,359,391	35,159,391	35,625,325	33,671,284

Interim_Statements_Of_Cash_Flo

Interim Statements Of Cash Flows (Unaudited) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Operating Activities
Net loss for the period	($118,345)	($2,787,682)
Adjustments to reconcile net loss to net cash used in operating activities:
Loss on settlement of payables		1,364,757
Unrealized foreign exchange loss (gain)	-2,913	-2,078
Stock-based compensation		1,302,110
Changes in non-cash item:
Accounts payable	-4,980	-1,191
Accounts payable - related party		6,462
Accrued interest	3,060
Accrued interest - related party	59,432	53,812
Net cash used in operating activities	-73,983	-67,458
Financing Activities
Proceeds from issuance of common stock	50,000
Proceeds from loans and convertible notes	50,000	98,610
Repayment of loans - related party	-23,928	-32,550
Net cash provided by financing activities	76,072	66,060
Change in cash during the period	2,089	-1,398
Cash, beginning of the period	3	1,937
Cash, end of the period	2,092	539
Non-cash financing and investing activities:
Shares issued for conversion of debt		367,434
Payment of accounts payable by related party		6,462
Supplementary disclosure of cash flows:
Cash paid for Interest

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]
Basis of Presentation		1	Basis of Presentation
	The accompanying unaudited interim financial statements have been prepared by the Company pursuant to the rules and regulations of the United States Securities and Exchange Commission. Certain information and disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these financial statements have been included. Such adjustments consist of normal recurring adjustments. These interim financial statements should be read in conjunction with the annual audited financial statements of the Company for the fiscal year ended December 31, 2013, included in the Company’s 10-K Annual Report as filed with the United States Securities and Exchange Commission.
	The results of operations for the period ended September 30, 2014 are not indicative of the results that may be expected for the full year.
	During the period ended September 30, 2014, the Company has elected to early adopt Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. The adoption of this ASU allows the company to remove the inception to date information and all references to development stage.

Going_Concern

Going Concern	9 Months Ended
	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern		1	Going Concern
			These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At September 30, 2014, the Company had not yet achieved profitable operations, has an accumulated deficit of $13,335,192 since its inception, has a working capital deficiency of $1,441,102 and expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company’s ability to continue as a going concern. Management anticipates that it requires approximately $95,000 over the twelve months ended September 30, 2015 to continue operations as well as the Company estimates it will accrue interest expenses of $80,000 over the next 12 months on loans due to related parties. In addition to funding the Company’s general, administrative and corporate expenses the Company is obligated to address its current obligations totalling $1,443,194. To the extent that cash needs are not achieved from operating cash flow and existing cash on hand, the Company will be required to raise necessary cash through shareholder loans, equity issuances and/or other debt financing. Amounts raised will be used to continue the development of the Company's investment activities, and for other working capital purposes.
			The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations 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 has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances; however there is no assurance of additional funding being available. The Company has historically satisfied its capital needs primarily by issuing equity securities. Management plans to continue to provide for its capital needs during the twelve months ended September 30, 2015, by issuing equity securities and/or related party advances.

Loans_Payable_Related_Party

Loans Payable - Related Party	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]
Loans Payable - Related Party		1	Loans and Convertible Notes Payable - Related Party
		September 30,	December 31,
		2014	2013
	a) Loan payable to a company controlled by a director of the Company plus accrued interest of $14,101 (2013 - $12,332).  The loan is unsecured, bearing interest at 12% per annum and is repayable on demand.	$    6,802	$    6,802
	b) Loans payable to companies controlled by directors of the Company.  The loans are unsecured, non-interest bearing, and repayable upon demand.	362,008	388,849
	c) Loan payable to a company controlled by a director of the Company, plus accrued interest payable of $156,656 (2013 - $133,837), pursuant to a Convertible Loan Agreement.  The loan is unsecured, bearing interest at 10% per annum and is repayable on demand.  The lender may at anytime convert the principal sum into units of the Company.  Each unit will consist of one common share plus one common share purchase warrant. Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.23. The principal sum of $163,766 may be converted into 2,320,858 units. Conversion of these loans and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.23.  Upon conversion of this loan, the $73,685 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.	163,766	163,766
	d) Loan payable to a company controlled by a director of the Company, plus accrued interest of $234,081 (2013 - $199,237), pursuant to a Convertible Loan Agreement.  The loan is unsecured, bearing interest at 10% per annum and is repayable on demand.  The lender may at anytime convert the principal sum into units of the Company.  Each unit will consist of one common share plus one common share purchase warrant.  Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.12. The principal sum of $255,209 may be converted into 4,526,436 units.  Conversion of this loan and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.12. Upon conversion of this loan, the $113,338 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.	255,209	255,209
		$787,785	$814,626

Convertible_Note

Convertible Note	9 Months Ended
	Sep. 30, 2014
Payables and Accruals [Abstract]
Convertible Note		1	Convertible Note Payable
	The Company entered into a convertible note agreement for $50,000. This loan is unsecured, bearing interest at 10% per annum, and is repayable at maturity on January 7, 2015. At any time prior to maturity, the lender may convert the principle amount of the loan into units of the Company, each unit consisting of one common share and one non-transferable share purchase warrant, at a conversion rate of $0.20 per unit. Each share purchase warrant entitles the holder to purchase one additional common share for a period of two years from the warrant issue date, at an exercise price of $0.20 during the first year, and $0.35 during the second year. As of September 30, 2014, $3,060 was accrued in interest on the note.

Equity

Equity	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]
Capital Stock		1	Equity
	During the nine months ended September 30, 2014, the Company issued 1,200,000 common shares for proceeds of $50,000.

Related_Party_Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2014
Related Party Transactions [Abstract]
Related Party Transactions		6	Related Party Transactions
			At September 30, 2014, accounts payable includes $111,111 due to directors, a company controlled by a director of the Company, and a company with directors in common, in respect of unpaid management fees, expenses incurred on behalf of the Company, and operating costs paid on behalf of the Company.
			At September 30, 2014, accrued interest includes $404,838 due to companies controlled by directors of the Company.

Subsequent_Event

Subsequent Event	9 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]
Subsequent Event

Loans_Payable_Related_Party_Ta

Loans Payable - Related Party (Tables)	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]
Schedule of Loans Payable		September 30,	December 31,
		2014	2013
	a) Loan payable to a company controlled by a director of the Company plus accrued interest of $14,101 (2013 - $12,332).  The loan is unsecured, bearing interest at 12% per annum and is repayable on demand.	$    6,802	$    6,802
	b) Loans payable to companies controlled by directors of the Company.  The loans are unsecured, non-interest bearing, and repayable upon demand.	362,008	388,849
	c) Loan payable to a company controlled by a director of the Company, plus accrued interest payable of $156,656 (2013 - $133,837), pursuant to a Convertible Loan Agreement.  The loan is unsecured, bearing interest at 10% per annum and is repayable on demand.  The lender may at anytime convert the principal sum into units of the Company.  Each unit will consist of one common share plus one common share purchase warrant. Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.23. The principal sum of $163,766 may be converted into 2,320,858 units. Conversion of these loans and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.23.  Upon conversion of this loan, the $73,685 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.	163,766	163,766
	d) Loan payable to a company controlled by a director of the Company, plus accrued interest of $234,081 (2013 - $199,237), pursuant to a Convertible Loan Agreement.  The loan is unsecured, bearing interest at 10% per annum and is repayable on demand.  The lender may at anytime convert the principal sum into units of the Company.  Each unit will consist of one common share plus one common share purchase warrant.  Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.12. The principal sum of $255,209 may be converted into 4,526,436 units.  Conversion of this loan and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.12. Upon conversion of this loan, the $113,338 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.	255,209	255,209
		$787,785	$814,626

Loans_Payable_Related_Party_De

Loans Payable - Related Party (Detail) - Schedule of Loans Payable (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013	Jun. 30, 2014
Loans Payable Total [Member]
Loan Payable		$814,626	$787,785
Company Controlled By A Director Of The Company (a) [Member]
Loan Payable	6,802	6,802
Accrued Interest	13,488	12,332
Interest Rate	12.00%	12.00%
Companies Controlled By Directors Of The Company (b) [Member]
Loan Payable	362,008	388,849
Company Controlled By A Director Of The Company (c) [Member]
Loan Payable	163,766	163,766
Accrued Interest	156,656	133,837
Interest Rate	10.00%	10.00%
Debt Redemption Terms	The lender may at anytime convert the principal sum into units of the Company. Each unit will consist of one common share plus one common share purchase warrant. Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.23. The principal sum of $163,766 may be converted into 2,320,858 units. Conversion of these loans and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.23. Upon conversion of this loan, the $73,685 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.	The lender may at anytime convert the principal sum into units of the Company. Each unit will consist of one common share plus one common share purchase warrant. Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.23. The principal sum of $163,766 may be converted into 2,320,858 units. Conversion of these loans and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.23. Upon conversion of this loan, the $73,685 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.
Company Controlled By A Director Of The Company (d) [Member]
Loan Payable	255,209	255,209
Accrued Interest	$234,081	$199,237
Interest Rate	10.00%	10.00%
Debt Redemption Terms	The lender may at anytime convert the principal sum into units of the Company. Each unit will consist of one common share plus one common share purchase warrant. Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.12. The principal sum of $255,209 may be converted into 4,526,436 units. Conversion of this loan and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.12. Upon conversion of this loan, the $113,338 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.	The lender may at anytime convert the principal sum into units of the Company. Each unit will consist of one common share plus one common share purchase warrant. Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.12. The principal sum of $255,209 may be converted into 4,526,436 units. Conversion of this loan and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.12. Upon conversion of this loan, the $113,338 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.

Going_Concern_Details_Narrativ

Going Concern (Details Narrative) (USD $)	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated Deficit		$13,335,192	$13,216,847
Working Capital Deficiency		1,441,102	1,372,757
Funds Needed	95,000
Estimated Accrued Interest Expenses	80,000
Current Obligations		$1,443,194	$1,372,760

Convertible_Note_Details_Narra

Convertible Note (Details Narrative) (USD $)	9 Months Ended
	Sep. 30, 2014
Accrued Interest	$3,060
Convertible Note [Member]
Convertible Note, amount	$50,000
Note, interest	10.00%
Note, maturity date	7-Jan-15
Conversion Terms	At any time prior to maturity, the lender may convert the principle amount of the loan into units of the Company, each unit consisting of one common share and one non-transferable share purchase warrant, at a conversion rate of $0.20 per unit. Each share purchase warrant entitles the holder to purchase one additional common share for a period of two years from the warrant issue date, at an exercise price of $0.20 during the first year, and $0.35 during the second year. As of September 30, 2014, $3,060 was accrued in interest on the note.

Equity_Details_Narrative

Equity (Details Narrative) (USD $)	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]
Common Shares Issued, shares	1,200,000
Common Shares Issued, value	$50,000

Related_Party_Transactions_Det

Related Party Transactions (Details Narrative) (USD $)	Sep. 30, 2014
Accrued Interest	$3,060
Directors, A Company Controlled By A Director Of The Company, And A Company With Directors In Common [Member]
Accounts Payable	111,111
Companies Controlled By A Directors Of The Company [Member]
Accrued Interest	$404,838

Subsequent_Event_Details_Narra

Subsequent Event (Details Narrative)	9 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]
Event Description	Subsequent to September 30, 2014, the Company initiated a non-brokered private placement of 500,000 common shares priced at $0.08 per share and has received cash proceeds of $40,000. These shares have not yet been issued.