10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2019

[   ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to __________

Commission file number 333-227350

KELINDA

(Exact name of registrant as specified in its charter)

Nevada (State or Other Jurisdiction of Incorporation or Organization) 7372 (Primary Standard Industrial Classification Number) 30-1023894 (IRS Employer Identification Number)

Street: Mihail Kogălniceanu, 66, off. 3

City: Chisinau

ZIP: MD-2009

Country: Republic of Moldova

+373 621-150-42

petru.afanasenco@kelinda.me

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

Securities registered under Section 12(b) of the Exchange Act:
Title of each class	Trading Symbol	Name of each exchange on which registered
None	N/A	N/A

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes [X]       No [ ]

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes [ ]       No [X]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act:

Large accelerated filer	[ ]	Accelerated filer	[ ]
Non-accelerated filer	[X]	Smaller reporting company	[X]
		Emerging growth company	[X]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [X]       No [ ]

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date:  7,950,500 common shares issued and outstanding as of November 4, 2019.

KELINDA

QUARTERLY REPORT ON FORM 10-Q

Table of Contents

		Page
PART I	FINANCIAL INFORMATION:
Item 1.	Financial Statements (Unaudited)	3
	Unaudited Balance Sheets as of September 30, 2019 and June 30, 2019	4
	Unaudited Statement of Operations for the three months ended September 30, 2019 and 2018	5
	Unaudited Statements of Stockholders' Equity (Deficit) for the three months ended September 30, 2019 and 2018	6
	Unaudited Statement of Cash Flows for the three months ended September 30, 2019 and 2018	7
	Notes to the Unaudited Financial Statements	8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	11
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	15
Item 4.	Controls and Procedures	15
PART II	OTHER INFORMATION:
Item 1.	Legal Proceedings	16
Item 1A	Risk Factors	16
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	16
Item 3.	Defaults Upon Senior Securities	16
Item 4.	Mine Safety Disclosures	16
Item 5.	Other Information	16
Item 6.	Exhibits	16
	Signatures

2

PART I – FINANCIAL INFORMATION

Item 1.   Financial Statements

The accompanying interim financial statements of Kelinda (“the Company,” “we,” “us” or “our”), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States generally accepted principles have been condensed or omitted pursuant to such rules and regulations.

The interim financial statements are condensed and should be read in conjunction with the Company’s latest annual financial statements.

In the opinion of management, the financial statements contain all material adjustments, consisting only of normal adjustments considered necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented.

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KELINDA
BALANCE SHEETS (Unaudited)
			September 30, 2019	June 30, 2019
ASSETS
Current Assets
		Cash	$                         114	$                         412
		Prepaid Expenses	73	—
Total Current Assets			187	412
Fixed Assets
	Furniture and Equipment		1,969	1,969
	Accumulated Depreciation		(558)	(459)
Total Fixed Assets			1,411	1,510
Intangible Assets
	Application Development Costs		98,870	98,870
	Accumulated Amortization		(8,239)	—
Total Intangible Assets			90,631	98,870
TOTAL ASSETS			$                    92,229	$                  100,792
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Liabilities
	Current Liabilities
		Accounts Payable	$                    40,100	$                    53,150
		Related Party Loan	51,815	33,215
	Total Current Liabilities		91,915	86,365
Total Liabilities			91,915	86,365
Stockholders’ Equity (Deficit)
	Common Stock: $0.001 par value, 75,000,000 shares authorized, 7,950,500 shares issued and outstanding		7,950	7,950
	Additional Paid-in Capital		27,565	27,565
	Accumulated Deficit		(35,201)	(21,088)
Total Stockholders’ Equity (Deficit)			314	14,427
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY (DEFICIT)			$                    92,229	$                  100,792

The accompanying notes are an integral part of these unaudited financial statements.

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KELINDA
STATEMENTS OF OPERATIONS (Unaudited)
		Three months ended September 30, 2019		Three months ended September 30, 2018
REVENUE:		$	—	$	—
EXPENSES:
	General and Administrative Expenses		197		153
	Amortization and Depreciation Expense		8,338		99
	Professional Fees		5,505		5,500
	Rent Expense		73		135
Total expenses			14,113		5,887
OTHER INCOME (EXPENSE):
	Interest Income (Expense)		—		—
Total other income (expense)			—		—
Income (loss) before income taxes		$	(14,113)	$	(5,887)
Income tax expense		$	—	$	—
NET INCOME (LOSS)		$	(14,113)	$	(5,887)
Net loss per common share – basic & diluted		$	(0.00)	$	(0.00)
Weighted average of common shares outstanding – basic & diluted			7,950,500		7,000,000

The accompanying notes are an integral part of these unaudited financial statements.

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KELINDA
STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited)
	Common Stock			Additional Paid-in Capital		Accumulated Deficit		Total Stockholders' Equity
	Shares	Amount
Balance as of June 30, 2019	7,950,500	$	7,950	$	27,565	$	(21,088)	$	14,427
Net loss	—		—		—		(14,113)		(14,113)
Balance as of September 30, 2019	7,950,500	$	7,950	$	27,565	$	(35,201)	$	314
Balance as of June 30, 2018	7,000,000	$	7,000	$	—	$	(3,759)	$	3,241
Net loss	—		—		—		(5,887)		(5,887)
Balance as of September 30, 2018	7,000,000	$	7,000	$	—	$	(9,646)	$	(2,646)

The accompanying notes are an integral part of these unaudited financial statements.

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KELINDA
STATEMENTS OF CASH FLOWS (Unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES			Three months ended September 30, 2019		Three months ended September 30, 2018
	Net Loss		$	(14,113)	$	(5,887)
	Adjustments to reconcile Net Loss
	to net cash used by operations:
		Amortization and depreciation expense		8,338		99
Changes in operating assets and liabilities:
		Prepaid expenses		—		1,000
		Prepaid rent		(73)		(135)
		Accounts payable		(13,050)		2,000
Net cash used by Operating Activities				(18,898)		(2,923)
CASH FLOWS FROM FINANCING ACTIVITIES
	Proceeds from related party loan			18,600		3,375
Net cash provided by Financing Activities				18,600		3,375
Net cash increase (decrease) for period				(298)		452
Cash at beginning of period				412		87
Cash at end of period			$	114	$	539
SUPPLEMENTAL CASH FLOW INFORMATION
	Interest paid		$	—	$	—
	Income taxes paid		$	—	$	—

The accompanying notes are an integral part of these unaudited financial statements.

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KELINDA

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2019

NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS

Kelinda (“the Company,” “we,” “us” or “our”) was incorporated on December 18, 2017 in the State of Nevada. The Company specializes on application development with its first project being an application of the same name Kelinda. It offers panels of various analyses with schedules and reminders about the necessity of visiting doctors sent through the application and emails, as well as storage of personal data (analyses and conclusions). Users may upload them at their discretion and exchange their personal data. Users who download the application can access the lists and data of another user upon receipt of an invitation from the latter. We offer free basic schedules and more serious panels to both adults and children in order to prevent development of numerous diseases. In addition, Kelinda offers drug-taking reminders for an even more effective use of the application. Revenue is to be generated by subscription-based access sales. 

Our executive office is located at 49/3 Tighina street 54, Chisinau, Moldova, MD-2001. The functional and reporting currency of the Company is the US dollar.

NOTE 2 – GOING CONCERN

The accompanying financial statements have been prepared in conformity with United States generally accepted accounting principles, which contemplate continuation of the Company as a going concern. As a start-up, the Company has had no revenues and has accumulated losses through September 30, 2019. The Company currently has limited working capital and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. These conditions raise substantial doubt about the Company’s ability to continue as a going concern.

Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America, and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”), including the instructions to Form 10-Q and Regulation S-X and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company for the three month period ended September 30, 2019. The Company’s year-end is June 30.

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 $114 of cash as of September 30, 2019.

Income 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.

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 KELINDA

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2019

Application Development Costs

The Company follows the provisions of ASC 985, Software, which requires that all costs relating to the purchase or internal development and production of software products to be sold, leased or otherwise marketed, be expensed in the period incurred unless the requirements for technological feasibility have been established. The Company capitalizes all eligible software costs incurred once technological feasibility is established. The Company amortizes these costs using the straight-line method over a period of three years, which is the remaining estimated economic life of the costs. At the end of each reporting period, the Company writes down any excess of the unamortized balance over the net realizable value.  

Equipment

Equipment is stated at cost, net of accumulated depreciation. The cost of equipment is depreciated using the straight-line method. We estimate that the useful life of equipment is 5 years Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the equipment's useful life are capitalized. Equipment sold or retired, together with the related accumulated depreciation is removed from the appropriated accounts and the resultant gain or loss is included in net income.

Use of Estimates

The preparation of financial statements in conformity with United States 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.

Basic Income (Loss) Per Share

The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share.” Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is antidilutive. There were no potentially dilutive debt or equity instruments issued or outstanding as of September 30, 2019 and June 30, 2019.

Recent Accounting Pronouncements

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

NOTE 4 – STOCKHOLDERS’ EQUITY

The Company has 75,000,000, $0.001 par value shares of common stock authorized. On March 19, 2018, the Company issued 4,000,000 founders’ shares of common stock to the President, Petru Afanasenco, and, on March 20, 2018, the Company issued 3,000,000 shares of common stock to the Secretary, Andrei Afanasenco, for cash contributions of $4,000 and $3,000 at $0.001 per share, respectively.

During March 2019, the Company issued 195,000 shares of common stock for cash proceeds of $5,850 at $0.03 per share.

During April 2019, the Company issued 547,500 shares of common stock for cash proceeds of $16,425 at $0.03 per share.

During May 2019, the Company issued 208,000 shares of common stock for cash proceeds of $6,240 at $0.03 per share.

There were 7,950,500 shares of common stock issued and outstanding as of September 30, 2019.  

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 KELINDA

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2019

NOTE 5 – RELATED PARTY TRANSACTIONS

During the three months ended September 30, 2019 and 2018, the President of the Company, Petru Afanasenco, loaned to the Company $15,750 and $0, respectively.

During the three months ended September 30, 2019 and 2018, the Company’s officer, Andrei Afanasenco, loaned to the Company $2,850 and $3,375, respectively.

As of September 30, 2019, and June 30, 2019, the balance due to the Company’s officers was $51,815 and $33,215 respectively. Petru and Andrei Afanasenco have formal commitments to loan funds of $50,000 and $40,000, respectively. These loans are unsecured, non-interest bearing and due on demand.

NOTE 6 – COMMITMENTS AND CONTINGENCIES

On August 21, 2019, the Company entered into a new rental agreement for use of an address, office facilities, IT and telecommunication systems, office equipment and secretarial services.  The contract is $73 per month and is entered into for an unspecified term.

As of September 30, 2019, the amount prepaid rent was $73.

NOTE 7 – INTANGIBLE ASSETS

As of June 30, 2019, the unamortized balance of the Application Development Costs related to the purchase or internal development and production of software to be sold, leased, or otherwise marketed was $98,870.  During the three months ended September 30, 2019, the Company recorded amortization expense of $8,239, resulting in an unamortized balance of $90,631 at September 30, 2019. No impairment was recorded during the period, as the September 30, 2019 unamortized balance is deemed to be equal to the net realizable value. As of September 30, 2019, the total amount of accumulated amortization was $8,239.

The amortization expenses of the application development costs for the next three years are set for the below:

	Amortization Expense	Recorded Cost	Accumulated Amortization	Net Asset Value
Year ended June 30, 2019 - Purchase	$0	$98,870	$0	$98,870
Year ended June 30, 2020	$32,957	$98,870	$32,957	$65,913
Year ended June 30, 2021	$32,957	$98,870	$65,913	$32,956
Year ended June 30, 2022	$32,956	$98,870	$98,870	$0

NOTE 8 – PREPAID EXPENSES

The Company had $73 in prepaid rent as of September 30, 2019 (NOTE 6).

NOTE 9 – SUBSEQUENT EVENTS

In accordance with ASC 855, “Subsequent Events,” the Company has analyzed its operations subsequent to September 30, 2019, through the date when financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.

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Item 2. Management’ Discussion and Analysis of Financial Condition and Results of Operations

Forward looking statement notice

Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

Financial information contained in this quarterly report and in our unaudited interim financial statements is stated in United States dollars and are prepared in accordance with United States generally accepted accounting principles.

DESCRIPTION OF BUSINESS

Our Company

Kelinda is a start-up company that was established in the state of Nevada on December 18, 2017. Its business plan is to create health-caring applications. Kelinda is both the name of the company and the first product that this company will be launching. All future products will be launched under this company but with different names to reflect the target market.  Our first project will offer free test panels to identify general health conditions and targeted diseases for both children and adults. Its main purpose will be to inform individuals when it is required for a person to visit certain doctors and get tested in order to prevent disease development on its earliest development stage. The App will synchronize with Google and Apple calendars, send notifications regarding pills-taking time, required tests or doctor appointments via the App and email. In the future, the revenue shall be generated from in-app subscriptions. As of today, we have developed terms of reference, design of our application, created an Apple store account and, currently find ourselves at the server and application development stage. It is anticipated that the app can be completed and operational in about 3 months, available on AppStore and PlayMarket. In the event that the full proceeds of the offering are not raised, the timing of the rollout will be slowed.

Our Application

An average man has only a limited knowledge about diseases, their various symptoms and, therefore, some are discovered at their late phases of development. Researches have shown that the top three causes of death in the United States are linked to health conditions. They are heart disease (23.4% of all deaths), cancer (22.5%) and chronic lower respiratory disease (5.6%) and the three of them account for over 50 percent of all deaths. Other death causes are stroke (5.1% of all deaths), diabetes (2.9%), Influenza and pneumonia (2.1%) and kidney disease (1.8%). A substantial proportion of these diseases could be prevented by regular health check-ups, monitoring of health condition patterns and on-time pills/injections taking.

“Kelinda” is a subscription-based multi-lingual mobile application that provides comprehensive health lab test panels and pill-taking reminders for children and adults and a truly outstanding tool to saving lives.

“My Account” tab displays selected panels, check-ups and pill taking lists that a user may opt to undertake. These panels may be added from the Panels tab on the Main Menu.

“Panels” tab demonstrates a list of various check-up panels with detailed user information on what they are, frequency of health screenings, and impact to preventing numerous diseases, etc. Each panel consists of a list of consultations, analyses and tests. These panels are also arranged by categories: “Disease” (if a person has a predisposition to a disease, he adds one out of the presented panels to personal check-up calendar). A user may alternatively choose to undertake only a specific analysis from “Analyzes” tab.

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“Recommendations”: general panels which should be held on a monthly/yearly/5-year/10-year basis by everyone as well as advised panels corresponding specified age and age group, sex and BMI of a user.

Users can create personal visit schedules and enable/disable notifications about the upcoming events. The reminders come up as in-app pop-ups and gentle reminders to the user’s email address. Alternatively, users may use the default schedules of selected panels, whereas a user determines an exact start date by creating an entry to the calendar. The schedules of the application are automatically synched with Apple Calendar and / or Google Calendar.

The application allows users to store personal data, such as test results and doctors’ conclusions and prescriptions. All such information may be uploaded at users’ individual discretion. “Kelinda” empowers data exchange between users upon acceptance of such allowance. Initially, personal data is only available for viewing and not for downloading nor screenshotting.

“Kelinda” is a great reminding tool. The app lets you create multiple reminders for multiple medications and doctor appointments and includes a repeat function along with notification reminders.

After downloading the mobile application from a market (iOS or Android), the user is provided an opportunity to use the application for free for 30 calendar days. After the expiration date, users are offered to sign up for a paid subscription.

The success of this app will rest on providing the end-user trustworthy and useful information. One of the innovative features of this app is that it will allow users to find health panels that prevent particular diseases, upload and share documents with doctors and friends, and will provide useful information about our health in general. It is hoped that these features, along with the clean and easy to use user interface will propel “Kelinda” to the head of the growing health app market.

The success of this app will rest on providing the end-user trustworthy and useful information. One of the innovative features of this app is that it will allow users to find health panels that prevent particular diseases, upload and share documents with doctors and friends, and will provide useful information about our health in general. It is hoped that these features, along with the clean and easy to use user interface will propel “Kelinda” to the head of the growing health app market.

Competition

We expect to face strong competition from the on Med-Care Application industry that nowadays is rapidly developing, and which popularity is continuously growing. The most competitive service provider is MediSafe that is intended to be used by patients who are on prescription medications for a medical diagnosis and that has been selected as one of Healthline’s Best Bipolar Apps of 2018. Though this company is well-known, it is limited to providing pills reminders, whereas “Kelinda” not only will remind users to take their medications but will additionally allow users to find health panels that prevent development of particular diseases, upload and share documents with doctors and friends, and will provide useful information about their health in general. These points are positioned to be our strengths and opportunities over any competition we might currently face.

Revenue

The Company’s revenue is to be generated from in-app subscriptions. Additionally, we might consider selling the advertising slots for in-app advertising to other applications.

Employees Identification of Certain Significant Employees.

We are a start-up company and currently have two employees – Petru and Andrei Afanasenco.

Petru Afanasenco – President and Director, who is in charge of the core business processes and its financials.

Andrei Afanasenco – Chair, Secretary and Treasurer, who is in charge of day-to-day business processes, App development and PR.  

We intend to outsource any additional services if the business requires so.

The Office

Our executive office is located at 49/3 Tighina street 54, Chisinau, Moldova, MD-2001. Our telephone number is +373 621-150-42.

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Government Regulation

We will be required to comply with all regulations, rules, and directives of governmental authorities including the US Securities and Exchange Commission and agencies applicable to our business in any jurisdiction with which we would conduct activities. As a smaller reporting company, we may face an effect of existing or probable governmental regulations on the business, Item 101(h)(4)(ix) of Regulation S-K. Due to the specifics of the business, Kelinda shall comply to the Health Insurance Portability and Accountability Act of 1996 ("HIPAA") regulations and may face an impact on users allowance to upload and store personal health data.

Legal Proceedings

During the past ten years, none of the following occurred with respect to the Board of Directors of the Company: (1) any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time; (2) any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses); (3) being subject to any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of any competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting her involvement in any type of business, securities or banking activities; and (4) being found by a court of competent jurisdiction (in a civil action), the SEC or the commodities futures trading commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended or vacated.

We are not currently a party to any legal proceedings, and we are not aware of any pending or potential legal actions.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This quarterly report contains certain forward-looking statements and our future operating results could differ materially from those discussed herein. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. We disclaim any obligation to update any such factors or to announce publicly the results of any revisions of the forward -looking statements contained herein to reflect future events or developments.

Our Company is an “emerging growth company,” as defined in the Jumpstart Our Business Startups Act

Our Company shall continue to be deemed an emerging growth company until the earliest of—

1.The last day of the fiscal year of the issuer during which it had total annual gross revenues of $1,000,000 (as such amount is indexed for inflation every 5 years by the Commission to reflect the change in the Consumer Price Index for All Urban Consumers, published by the Bureau of Labor Statistics, setting the threshold to the nearest $1,000,000) or more; 

2.Its total annual gross revenues are $1.07 billion or more; 

3.The last day of the fiscal year of the issuer following the fifth anniversary of the date of the first sale of common equity securities of the issuer pursuant to an effective registration statement under this title’; 

4.The date on which such issuer has, during the previous 3-year period, issued more than $1,000,000 in non-convertible debt; or 

5.The date on which such issuer is deemed to be a ‘large accelerated filer’, as defined in section 240. 12b-2 of title 17, Code of Federal Regulations, or any successor thereto.’ 

Pursuant to the Rule 405 of the Securities Act of 1933, the Company would cease to be an emerging growth company if it has more than $1.0 billion in annual revenues, its total annual gross revenues are $1.07 billion or more, or issues more than $1.0 billion of non-convertible debt over a three-year period.

As an emerging growth company, Kelinda is exempt from Section 404(b) of Sarbanes Oxley. Section 404(a) requires Issuers to publish information in their annual reports concerning the scope and adequacy of the internal control structure and procedures for financial reporting. This statement shall also assess the effectiveness of such internal controls and procedures. 

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Section 404(b) requires that the registered accounting firm shall, in the same report, attest to and report on the assessment on effectiveness of the internal control structure and procedures for financial reporting.

As an emerging growth company, the company is exempt from Section 14A and B of the Securities Exchange Act of 1934 which require shareholder approval of executive compensation and golden parachutes.

In addition, Section 107 of the JOBS Act also provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected to take advantage of the benefits of this extended transition period.

We are not a “shell company” within the meaning of Rule 405, promulgated pursuant to the Securities Act, because we do have fixed assets and real business operations.

Going Concern

The future of our company is dependent upon its ability to obtain financing and upon future profitable operations from the sale of products and services through our website and application. Management has plans to seek additional capital through a private placement and public offering of its common stock, if necessary. Our auditors have expressed a going concern opinion which raises substantial doubts about our ability to continue as a going concern.

Liquidity and capital resources

As of September 30, 2019, the Company had $92,229 in total assets. These assets are in cash of $114, prepaid expenses of $73, fixed assets of $1,411 and intangible assets of $90,631. As of June 30, 2019, the Company had $100,792 in total assets.

As of September 30, 2019, the Company had $91,915 in liabilities and an accumulated deficit of $35,201. As of June 30, 2019, the Company had $86,365 in liabilities and an accumulated deficit of $21,088.

CASH FLOWS FROM OPERATING ACTIVITIES

For the three months period ended September 30, 2019, net cash flows used in operating activities was $(18,898). Net cash used in operating activities for the three months period ended September 30, 2018, was $(2,923).

CASH FLOWS FROM FINANCING ACTIVITIES

For the three months period ended September 30, 2019 net cash flows generated by financing activities was $18,600. Cash flows from financing activities for the three months period ended September 30, 2018, was $3,375.  Our financing activities are comprised of loans from our management.

We have no material commitments for the next twelve months. We will however require additional capital to meet our liquidity needs.

Results of Operations

For the three months period ended September 30, 2019 and 2018, the Company did not generate any revenue.

Our net losses for the three months ended September 30, 2019 and 2018 were $14,113 and $5,887, respectively.

OPERATING EXPENSES

Total operating expenses for the three months ended September 30, 2019 and 2018 were $14,113 and $5,887. The operating expenses for the three months ended September 30, 2019 included audit fees of $3,700; bank charges of $147; amortization and depreciation expense of $8,338; legal fees of $765; miscellaneous expense of $50; professional fees of $1,040; rent expense of $73. The operating expenses for the three months ended September 30, 2018 included audit fees of $3,000; bank charges of $138; depreciation expense of $99; legal fees of $2,500; miscellaneous expense of $15; rent expense of $135.

14

The increase in operation expenses is mainly due to the higher amortization expense, as the Company released its mobile application at the end of June 2019.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have, or are reasonably likely to have, a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Critical Accounting Policies and Estimates

Our financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.

We regularly evaluate the accounting policies and estimates that we use to prepare our financial statements. In general, management’s estimates are based on historical experience, on information from third party professionals, and on various other assumptions that are believed to be reasonable under the facts and circumstances. Actual results could differ from those estimates made by management.

In addition, Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected to take advantage of the benefits of this extended transition period. Our financial statements may therefore not be comparable to those of companies that comply with such new or revised accounting standards.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

None

Item 4. Controls and Procedures

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of September 30, 2019. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms.

Changes in Internal Controls over Financial Reporting

There was no change in the Company’s internal control over financial reporting during the quarterly period covered by this report that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

15

PART II.  OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

We are not involved in any pending legal proceeding nor are we aware of any pending or threatened litigation against us.

ITEM 1A. RISK FACTORS

None

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None

ITEM 3. DEFAULTS UPON SENIOR SECURITES

None

ITEM 4. MINE SAFETY DISCLOSURES

None

ITEM 5. OTHER INFORMATION

None

ITEM 6. EXHIBITS

The following exhibits are included as part of this report by reference:

31.1	Certification of Chief Executive Officer and Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).
32.1	Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized in the city of Chisinau, Republic of Moldova on November 6, 2019.

KELINDA

By: /s/ Petru Afanasenco

Petru Afanasenco, 

President, director, principal executive officer, principal financial officer, principal accounting officer and controller

16

EX-31.1

Exhibit 31.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Petru Afanasenco, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of KELINDA;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made,not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and we have:

a)	designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)	designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)	evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)	disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.	The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
a)	all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b)	any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

November 6, 2019	KELINDA
	By: /s/ Petru Afanasenco
	Petru Afanasenco,  President, director, principal executive officer, principal financial officer, principal accounting officer and controller

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of KELINDA (the “Company”) on Form 10-Q for the quarter ended September 30, 2019, as filed with the Securities and Exchange Commission on the date hereof (the “Report”) ,I, Petru Afanasenco, Principal Executive, Financial and Accounting Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

November 6, 2019	KELINDA
	By: /s/ Petru Afanasenco
	Petru Afanasenco,  President, director, principal executive officer, principal financial officer, principal accounting officer and controller

XML

- COMMITMENTS AND CONTINGENCIES

3 Months Ended

Sep. 30, 2019

- COMMITMENTS AND CONTINGENCIES [Abstract]

- COMMITMENTS AND CONTINGENCIES

NOTE 6 - COMMITMENTS AND CONTINGENCIES

On August 21, 2019, the Company entered into a new rental agreement for use of an address, office facilities, IT and telecommunication systems, office equipment and secretarial services.  The contract is $73 per month and is entered into for an unspecified term.

As of September 30, 2019, the amount prepaid rent was $73.

XML

Significant Accounting Policies (Policies)

3 Months Ended

Sep. 30, 2019

Significant Accounting Policies (Policies) [Abstract]

Basis of presentation

Basis of presentation

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America, and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”), including the instructions to Form 10-Q and Regulation S-X and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company for the three month period ended September 30, 2019. The Company's year-end is June 30.

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 $114 of cash as of September 30, 2019.

Income 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.

8

KELINDA

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2019

Application Development Costs

The Company follows the provisions of ASC 985, Software, which requires that all costs relating to the purchase or internal development and production of software products to be sold, leased or otherwise marketed, be expensed in the period incurred unless the requirements for technological feasibility have been established. The Company capitalizes all eligible software costs incurred once technological feasibility is established. The Company amortizes these costs using the straight-line method over a period of three years, which is the remaining estimated economic life of the costs. At the end of each reporting period, the Company writes down any excess of the unamortized balance over the net realizable value.   

Equipment

Equipment is stated at cost, net of accumulated depreciation. The cost of equipment is depreciated using the straight-line method. We estimate that the useful life of equipment is 5 years Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the equipment's useful life are capitalized. Equipment sold or retired, together with the related accumulated depreciation is removed from the appropriated accounts and the resultant gain or loss is included in net income.

Use of Estimates

The preparation of financial statements in conformity with United States 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.

Basic Income (Loss) Per Share

The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share.” Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is antidilutive. There were no potentially dilutive debt or equity instruments issued or outstanding as of September 30, 2019and June 30, 2019.

Recent Accounting Pronouncements

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

XML

- RELATED PARTY TRANSACTIONS (Details Text) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019
- RELATED PARTY TRANSACTIONS [Abstract]
During the three months ended September 30, 2019 and 2018, the President of the Company, Petru Afanasenco, loaned to the Company $15,750 and $0, respectively.	$ 15,750	$ 0
During the three months ended September 30, 2019 and 2018, the Company's officer, Andrei Afanasenco, loaned to the Company $2,850 and $3,375, respectively.	2,850	$ 3,375
As of September 30, 2019, and June 30, 2019, the balance due to the Company's officers was $51,815 and $33,215 respectively	$ 51,815		$ 33,215
Petru and Andrei Afanasenco have formal commitments to loan funds of $50,000 and $40,000, respectively			$ 90,000

XML

- PREPAID EXPENSES (Details Text)	3 Months Ended
	Sep. 30, 2019 USD ($)
Prepaid Expense and Other Assets, Current [Abstract]
The Company had $73 in prepaid rent as of September 30, 2019 (NOTE 6).	$ 73

XML

BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
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 and outstanding	7,950,500	7,950,500

XML

- ORGANIZATION AND NATURE OF BUSINESS

3 Months Ended

Sep. 30, 2019

- ORGANIZATION AND NATURE OF BUSINESS [Abstract]

- ORGANIZATION AND NATURE OF BUSINESS

NOTE 1 - ORGANIZATION AND NATURE OF BUSINESS

Kelinda (“the Company,” “we,” “us” or “our”) was incorporated on December 18, 2017 in the State of Nevada. The Company specializes on application development with its first project being an application of the same name Kelinda. It offers panels of various analyses with schedules and reminders about the necessity of visiting doctors sent through the application and emails, as well as storage of personal data (analyses and conclusions). Users may upload them at their discretion and exchange their personal data. Users who download the application can access the lists and data of another user upon receipt of an invitation from the latter. We offer free basic schedules and more serious panels to both adults and children in order to prevent development of numerous diseases. In addition, Kelinda offers drug-taking reminders for an even more effective use of the application. Revenue is to be generated by subscription-based access sales. 

Our executive office is located at 49/3 Tighina street 54, Chisinau, Moldova, MD-2001. The functional and reporting currency of the Company is the US dollar.

XML

- COMMITMENTS AND CONTINGENCIES (Details Text)	Sep. 30, 2019 USD ($)
Accrued Liabilities and Other Liabilities [Abstract]
As of September 30, 2019, the amount prepaid rent was $73.	$ 73

XML

BALANCE SHEETS (Unaudited) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Current Assets
Cash	$ 114	$ 412
Prepaid Expenses	73	0
Total Current Assets	187	412
Fixed Assets
Furniture and Equipment	1,969	1,969
Accumulated Depreciation	(558)	(459)
Total Fixed Assets	1,411	1,510
Intangible Assets
Application Development Costs	98,870	98,870
Accumulated Amortization	(8,239)	0
Total Intangible Assets	90,631	98,870
TOTAL ASSETS	92,229	100,792
Current Liabilities
Accounts Payable	40,100	53,150
Related Party Loan	51,815	33,215
Total Current Liabilities	91,915	86,365
Total Liabilities	$ 91,915	$ 86,365
Stockholders' Equity (Deficit)
Common Stock: $0.001 par value, 75,000,000 shares authorized, 7,950,500 shares issued and outstanding	7,950	7,950
Additional Paid-in Capital	$ 27,565	$ 27,565
Accumulated Deficit	(35,201)	(21,088)
Total Stockholders' Equity (Deficit)	314	14,427
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)	$ 92,229	$ 100,792

XML

STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Statement of Cash Flows [Abstract]
Net Loss	$ (14,113)	$ (5,887)
Adjustments to reconcile Net Loss to net cash used by operations:
Amortization and depreciation expense	8,338	99
Changes in operating assets and liabilities:
Prepaid expenses	0	1,000
Prepaid rent	(73)	(135)
Accounts payable	(13,050)	2,000
Net cash used by Operating Activities	(18,898)	(2,923)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from related party loan	18,600	3,375
Net cash provided by Financing Activities	18,600	3,375
Net cash increase (decrease) for period	(298)	452
Cash at beginning of period	412	87
Cash at end of period	114	539
SUPPLEMENTAL CASH FLOW INFORMATION
Interest paid	0	0
Income taxes paid	$ 0	$ 0

XML

- INTANGIBLE ASSETS

3 Months Ended

Sep. 30, 2019

- INTANGIBLE ASSETS [Abstract]

- INTANGIBLE ASSETS

NOTE 7 - INTANGIBLE ASSETS

As of June 30, 2019, the unamortized balance of the Application Development Costs related to the purchase or internal development and production of software to be sold, leased, or otherwise marketed was $98,870.  During the three months ended September 30, 2019, the Company recorded amortization expense of $8,239, resulting in an unamortized balance of $90,631 at September 30, 2019. No impairment was recorded during the period, as the September 30, 2019 unamortized balance is deemed to be equal to the net realizable value. As of September 30, 2019, the total amount of accumulated amortization was $8,239.

The amortization expenses of the application development costs for the next three years are set for the below:

	Amortization Expense	Recorded Cost	Accumulated Amortization	Net Asset Value
Year ended June 30, 2019 - Purchase	$0	$98,870	$0	$98,870
Year ended June 30, 2020	$32,957	$98,870	$32,957	$65,913
Year ended June 30, 2021	$32,957	$98,870	$65,913	$32,956
Year ended June 30, 2022	$32,956	$98,870	$98,870	$0

XML

- INTANGIBLE ASSETS (Tables)

3 Months Ended

Sep. 30, 2019

- INTANGIBLE ASSETS (Tables) [Abstract]

The amortization expenses of the application development costs

The amortization expenses of the application development costs for the next three years are set for the below:

	Amortization Expense	Recorded Cost	Accumulated Amortization	Net Asset Value
Year ended June 30, 2019 - Purchase	$0	$98,870	$0	$98,870
Year ended June 30, 2020	$32,957	$98,870	$32,957	$65,913
Year ended June 30, 2021	$32,957	$98,870	$65,913	$32,956
Year ended June 30, 2022	$32,956	$98,870	$98,870	$0

XML

- GOING CONCERN

3 Months Ended

Sep. 30, 2019

- GOING CONCERN [Abstract]

- GOING CONCERN

NOTE 2 - GOING CONCERN

The accompanying financial statements have been prepared in conformity with United States generally accepted accounting principles, which contemplate continuation of the Company as a going concern. As a start-up, the Company has had no revenues and has accumulated losses through September 30, 2019. The Company currently has limited working capital and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. These conditions raise substantial doubt about the Company's ability to continue as a going concern.

Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management's efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

XML

STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
REVENUE	$ 0	$ 0
EXPENSES:
General and Administrative Expenses	197	153
Amortization and Depreciation Expense	8,338	99
Professional Fees	5,505	5,500
Rent Expense	73	135
Total expenses	14,113	5,887
OTHER INCOME (EXPENSE):
Interest Income (Expense)	0	0
Total other income (expense)	0	0
Income (loss) before income taxes	(14,113)	(5,887)
Income tax expense	0	0
NET INCOME (LOSS)	$ (14,113)	$ (5,887)
Net loss per common share - basic & diluted	$ (0.00)	$ (0.00)
Weighted average of common shares outstanding - basic & diluted	7,950,500	7,000,000

XML

- INTANGIBLE ASSETS (Details Text) - USD ($)	12 Months Ended
	Jun. 30, 2019	Sep. 30, 2019
Intangible Assets Text Details [Abstract]
As of June 30, 2019, the unamortized balance of the Application Development Costs related to the purchase or internal development and production of software to be sold, leased, or otherwise marketed was $98,870	$ 98,870
During the three months ended September 30, 2019, the Company recorded amortization expense of $8,239, resulting in an unamortized balance of $90,631 at September 30, 2019		$ 90,631

XML

- RELATED PARTY TRANSACTIONS

3 Months Ended

Sep. 30, 2019

- RELATED PARTY TRANSACTIONS [Abstract]

- RELATED PARTY TRANSACTIONS

NOTE 5 - RELATED PARTY TRANSACTIONS

During the three months ended September 30, 2019 and 2018, the President of the Company, Petru Afanasenco, loaned to the Company $15,750 and $0, respectively.

During the three months ended September 30, 2019 and 2018, the Company's officer, Andrei Afanasenco, loaned to the Company $2,850 and $3,375, respectively.

As of September 30, 2019, and June 30, 2019, the balance due to the Company's officers was $51,815 and $33,215 respectively. Petru and Andrei Afanasenco have formal commitments to loan funds of $50,000 and $40,000, respectively. These loans are unsecured, non-interest bearing and due on demand.

XML

- SUBSEQUENT EVENTS

3 Months Ended

Sep. 30, 2019

- SUBSEQUENT EVENTS [Abstract]

- SUBSEQUENT EVENTS

NOTE 9 - SUBSEQUENT EVENTS

In accordance with ASC 855, “Subsequent Events,” the Company has analyzed its operations subsequent to September 30, 2019, through the date when financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.

10

XML

- STOCKHOLDERS' EQUITY (Details Text) - USD ($)	Sep. 30, 2019	May 31, 2019	Apr. 30, 2019	Mar. 31, 2019	Mar. 20, 2018	Mar. 19, 2018
- STOCKHOLDERS' EQUITY [Abstract]
On March 19, 2018, the Company issued 4,000,000 founders' shares of common stock to the President, Petru Afanasenco.						3,000,000
on March 20, 2018, the Company issued 3,000,000 shares of common stock to the Secretary, Andrei Afanasenco					4,000,000
During March 2019, the Company issued 195,000 shares of common stock for cash proceeds of $5,850 at $0.03 per share.				$ 195,000
During April 2019, the Company issued 547,500 shares of common stock for cash proceeds of $16,425 at $0.03 per share.			547,500
During May 2019, the Company issued 208,000 shares of common stock for cash proceeds of $6,240 at $0.03 per share.		$ 208,000
There were 7,950,500 shares of common stock issued and outstanding as of September 30, 2019.	7,950,500

XML

- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Text) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Summary Of Significant_ Accounting Policies_ [Abstract]
The Company had $114 of cash as of September 30, 2019.	$ 114	$ 412

XML

- STOCKHOLDERS' EQUITY

3 Months Ended

Sep. 30, 2019

- STOCKHOLDERS' EQUITY [Abstract]

- STOCKHOLDERS' EQUITY

NOTE 4 - STOCKHOLDERS' EQUITY

The Company has 75,000,000, $0.001 par value shares of common stock authorized. On March 19, 2018, the Company issued 4,000,000 founders' shares of common stock to the President, Petru Afanasenco, and, on March 20, 2018, the Company issued 3,000,000 shares of common stock to the Secretary, Andrei Afanasenco, for cash contributions of $4,000 and $3,000 at $0.001 per share, respectively.

During March 2019, the Company issued 195,000 shares of common stock for cash proceeds of $5,850 at $0.03 per share.

During April 2019, the Company issued 547,500 shares of common stock for cash proceeds of $16,425 at $0.03 per share.

During May 2019, the Company issued 208,000 shares of common stock for cash proceeds of $6,240 at $0.03 per share.

There were 7,950,500 shares of common stock issued and outstanding as of September 30, 2019.  

9

KELINDA

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2019

XML

- PREPAID EXPENSES

3 Months Ended

Sep. 30, 2019

- PREPAID EXPENSES [Abstract]

- PREPAID EXPENSES

NOTE 8 - PREPAID EXPENSES

The Company had $73 in prepaid rent as of September 30, 2019 (NOTE 6).

XML

Document and Entity Information - shares	3 Months Ended
	Sep. 30, 2019	Nov. 04, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Registrant Name	KELINDA
Entity Central Index Key	0001741257
Current Fiscal Year End Date	--06-30
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		7,950,500
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	true
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false

XML

STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited) - USD ($)	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit
Balance as of June 30, 2019	$ 3,241	$ 7,000		$ (3,759)
Balance as of June 30, 2019 (in shares)		7,000,000
Balance	3,241	$ 7,000		(3,759)
There were 7,950,500 shares of common stock issued and outstanding as of September 30, 2019.		7,000,000
Balance	3,241	$ 7,000		(3,759)
Balance (in shares)		7,000,000
Net loss	(5,887)			(5,887)
Balance as of June 30, 2019	(2,646)	$ 7,000		(9,646)
Balance as of June 30, 2019 (in shares)		7,000,000
Balance	(2,646)	$ 7,000		(9,646)
There were 7,950,500 shares of common stock issued and outstanding as of September 30, 2019.		7,000,000
Balance	(2,646)	$ 7,000		(9,646)
Balance (in shares)		7,000,000
Balance as of June 30, 2019	14,427	$ 7,950	$ 27,565	(21,088)
Balance as of June 30, 2019 (in shares)		7,950,500
Balance	14,427	$ 7,950	27,565	(21,088)
There were 7,950,500 shares of common stock issued and outstanding as of September 30, 2019.		7,950,500
Balance	14,427	$ 7,950	27,565	(21,088)
Balance (in shares)		7,950,500
Net loss	(14,113)			(14,113)
Balance as of June 30, 2019	$ 314	$ 7,950	27,565	(35,201)
Balance as of June 30, 2019 (in shares)	7,950,500	7,950,500
Balance	$ 314	$ 7,950	27,565	(35,201)
There were 7,950,500 shares of common stock issued and outstanding as of September 30, 2019.	7,950,500	7,950,500
Balance	$ 314	$ 7,950	$ 27,565	$ (35,201)
Balance (in shares)	7,950,500	7,950,500

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- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Sep. 30, 2019

- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America, and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”), including the instructions to Form 10-Q and Regulation S-X and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company for the three month period ended September 30, 2019. The Company's year-end is June 30.

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 $114 of cash as of September 30, 2019.

Income 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.

8

KELINDA

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2019

Application Development Costs

The Company follows the provisions of ASC 985, Software, which requires that all costs relating to the purchase or internal development and production of software products to be sold, leased or otherwise marketed, be expensed in the period incurred unless the requirements for technological feasibility have been established. The Company capitalizes all eligible software costs incurred once technological feasibility is established. The Company amortizes these costs using the straight-line method over a period of three years, which is the remaining estimated economic life of the costs. At the end of each reporting period, the Company writes down any excess of the unamortized balance over the net realizable value.   

Equipment

Equipment is stated at cost, net of accumulated depreciation. The cost of equipment is depreciated using the straight-line method. We estimate that the useful life of equipment is 5 years Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the equipment's useful life are capitalized. Equipment sold or retired, together with the related accumulated depreciation is removed from the appropriated accounts and the resultant gain or loss is included in net income.

Use of Estimates

The preparation of financial statements in conformity with United States 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.

Basic Income (Loss) Per Share

The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share.” Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is antidilutive. There were no potentially dilutive debt or equity instruments issued or outstanding as of September 30, 2019and June 30, 2019.

Recent Accounting Pronouncements

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

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- INTANGIBLE ASSETS (Details 1) - USD ($)	3 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Intangible Assets, Net (Including Goodwill) [Abstract]
Amortization Expense	$ 8,338	$ 99	$ 32,956	$ 32,957	$ 32,957	$ 0
Recorded Cost			98,870	98,870	98,870	98,870
Accumulated Amortization			98,870	65,913	32,957	0
Net Asset Value			$ 0	$ 32,956	$ 65,913	$ 98,870