0001140361-15-003932.txt : 20150204 0001140361-15-003932.hdr.sgml : 20150204 20150204060223 ACCESSION NUMBER: 0001140361-15-003932 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20141231 FILED AS OF DATE: 20150204 DATE AS OF CHANGE: 20150204 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERDYNE CO CENTRAL INDEX KEY: 0000051011 STANDARD INDUSTRIAL CLASSIFICATION: [9995] IRS NUMBER: 952563023 STATE OF INCORPORATION: CA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-04454 FILM NUMBER: 15573415 BUSINESS ADDRESS: STREET 1: 335 ELAN VILLAGE LANE #420 CITY: SAN JOSE STATE: CA ZIP: 95134-2541 BUSINESS PHONE: 4089438046 10-Q 1 form10q.htm INTERDYNE COMPANY 10-Q 12-31-2014

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549
FORM 10-Q
 
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended December 31, 2014

OR

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

For the transition period from: Not applicable

Commission file number 0-4454

INTERDYNE  COMPANY
 (Exact name of registrant as specified in its charter)

CALIFORNIA
 
  95-2563023
(State or other jurisdiction of
 
 (I.R.S.  Employer
incorporation or organization)
 
Identification No.)
     
26 Briarwood, Irvine, California
 
92604
(Address of principal executive offices)
 
(Zip Code)

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 ☒  No ☐

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 definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):
 
Large accelerated filer      ☐
Accelerated filer            ☐
Non-accelerated filer        ☐
Smaller reporting company    ☒
(do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☒ No ☐

As of December 31, 2014, there were 39,999,942 shares of Common Stock, no par value, issued and outstanding.

Exhibit Index Page No.:  8
 

 

INTERDYNE COMPANY

FORM 10-Q

INDEX
 
 
Page
PART I.   FINANCIAL INFORMATION
 
Item 1.
Financial Statements
 
     
 
    3
     
 
    4
     
 
    5
     
 
    6
     
Item 2.
    6
     
Item 3.
    6
     
PART II.  OTHER INFORMATION 
 
     
Item 6.
8
     
9
 
2

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements
 
INTERDYNE COMPANY
CONDENSED BALANCE SHEETS

   
12/31/2014
   
6/30/2014
 
   
(Unaudited)
   
(Audited)
 
ASSETS
       
CURRENT ASSETS
       
Cash
 
$
4,414
   
$
2,730
 
                 
OTHER ASSETS
               
Due from affiliate
   
196,554
     
206,902
 
TOTAL CURRENT ASSETS
 
$
200,968
   
$
209,632
 
                 
LIABILITIES AND STOCKHOLDERS' EQUITY
               
CURRENT LIABILITIES
               
Accrued professional fees
 
$
5,500
   
$
8,300
 
Accrued management fees to related party
   
12,500
     
12,500
 
Other accrued expenses
   
3,593
     
3,167
 
TOTAL CURRENT LIABILITIES
   
21,593
   
$
23,967
 
             
                 
STOCKHOLDERS' EQUITY
               
Preferred stock, no par value, 50,000,000 shares authorized, no shares outstanding
   
-
     
-
 
Common stock, no par value, 100,000,000 shares authorized, 39,999,942 shares issued and to be issued
   
500,000
   
$
500,000
 
Accumulated deficit
   
(320,625
)
   
(314,335
)
     
-
     
-
 
TOTAL STOCKHOLDERS' EQUITY
   
179,375
   
$
185,665
 
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
 
$
200,968
   
$
209,632
 

The accompanying notes are an integral part of the financial statements.
 
3

INTERDYNE COMPANY
CONDENSED STATEMENTS OF OPERATIONS

   
Three Months Ended
   
Six Months Ended
 
   
12/31/2014
   
12/31/2013
   
12/31/2014
   
12/31/2013
 
   
(Unaudited)
   
(Unaudited)
   
(Unaudited)
   
(Unaudited)
 
EXPENSES
               
Professional fees
 
$
3,550
   
$
3,450
   
$
7,315
   
$
6,965
 
General and administrative
   
1,887
     
1,939
     
3,827
     
3,944
 
Management Fees
   
1,500
     
1,500
     
3,000
     
3,000
 
TOTAL EXPENSES
   
6,937
     
6,889
     
14,142
     
13,909
 
OTHER INCOME - interest from affiliate
   
4,232
     
4,550
     
8,652
     
9,117
 
                                 
LOSS BEFORE INCOME TAXES
   
(2,705
)
   
(2,339
)
   
(5,490
)
   
(4,792
)
                                 
INCOME TAX EXPENSE
   
-
     
-
     
(800
)
   
(800
)
NET LOSS
 
$
(2,705
)
 
$
(2,339
)
 
$
(6,290
)
 
$
(5,592
)
BASIC AND DILUTED LOSS PER SHARE
 
$
(0.00
)
 
$
(0.00
)
 
$
(0.00
)
 
$
(0.00
)
BASIC AND DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING
   
39,999,942
     
39,999,942
     
39,999,942
     
39,999,942
 

The accompanying notes are an integral part of the financial statements.
 
4

INTERDYNE COMPANY
CONDENSED STATEMENTS OF CASH FLOWS
 
 
 
Six Months Ended
 
 
 
12/31/2014
   
12/31/2013
 
 
 
(Unaudited)
   
(Unaudited)
 
 
       
CASH FLOWS FROM OPERATING ACTIVITIES
       
 
       
Net loss
 
$
(6,290
)
 
$
(5,592
)
 
               
Adjustments to reconcile net loss to net cash used by operating activities :
               
Increase/decrease resulting from changes in :
               
Accrued interest income
   
(8,652
)
   
(9,117
)
Accrued expense
   
(2,374
)
   
(2,378
)
Net cash used by operating activities
   
(17,316
)
   
(17,087
)
 
               
CASH FLOWS FROM FINANCING ACTIVITIES
               
Cash received from affiliate
   
19,000
     
23,286
 
Net cash provided by financing activities
   
19,000
     
23,286
 
 
               
NET INCREASE IN CASH
   
1,684
     
6,199
 
 
               
CASH, BEGINNING OF PERIOD
   
2,730
     
6,427
 
 
               
CASH, END OF PERIOD
 
$
4,414
   
$
12,626
 
 
               
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
               
Income taxes paid
 
$
800
   
$
800
 
 
The accompanying notes are an integral part of the financial statements.
 
5

INTERDYNE  COMPANY

NOTES TO FINANCIAL STATEMENTS

Note 1.  Interim Financial Statements

The accompanying financial statements are unaudited, but in the opinion of the management of the Company, contain all adjustments, consisting of only normal recurring accruals, necessary to present fairly the financial position as of December 31, 2014 and the results of operations for the three and six months ended December 31, 2014 and 2013 and changes in cash flows for the six months ended December 31, 2014 and 2013.  Certain information and footnote disclosures normally included in financial statements that have been prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission, although management of the Company believes that the disclosures contained in these financial statements are adequate to make the information presented therein not misleading.  For further information, refer to the financial statements and footnotes thereto included in the Company's Annual Report in Form 10-K as of June 30, 2014, as filed with the Securities and Exchange Commission.  The results of operations for the three months ended December 31, 2014 are not necessarily indicative of the results of operations to be expected for the full fiscal year ending June 30, 2015.

Note 2.  Changes in Significant Accounting Policies
 
There are no newly issued accounting pronouncements that the Company expects to have a material effect on the financial statements and there have been no changes in our significant accounting policies.

Note 3.   Due from affiliate

In prior years, the Company made advances to Acculogic, Inc., an affiliated company through common ownership and management.  The advances bear interest at 8.5% per annum, payable on demand.  The balance including interest is guaranteed by another affiliated company.  During the six months ended December 31, 2014 the Company received $19,000 from Acculogic, Inc. as repayments against the advances and accrued interest due.

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

The Company is at present dormant and is looking for new opportunities.

The cash needs of the Company will be funded by collections from amount due from its affiliate.

Item 3. Quantitative and Qualitative Disclosures about Market Risk.

N/A

Item 4. Controls and Procedures

Our management, comprising the Chief Executive Officer and Chief Financial Officer/Principal Accounting Officer, is responsible for establishing and maintaining disclosure controls and procedures for the Company.  It has designed such disclosure controls and procedures to ensure that material information is made known to it, particularly during the period in which this report was prepared.
 
6

As of the end of the period covered by this report, our management carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (or Exchange Act)).  Based on this evaluation, as of the end of the period covered by this report, our management has concluded that our disclosure controls and procedures are not effective considering the fact that the Company, being dormant, has only one person on staff, the Chief Financial Officer/Principal Accounting Officer, to (1) handle all accounting transactions (consisting of primarily collecting funds from a related party and paying all expenses, including fees to this same officer); (2) reconcile the bank account, and (3) prepare all financial statement disclosures. The above duties have no supervision or review to insure proper segregation of duties and review of disclosures.

Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Exchange Act Rule 13a-15(f).  Our management conducted an evaluation of the effectiveness of our internal control over financial reporting as of December 31, 2014 based on the criteria set forth in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organization of the Treadway Commission.  Based on this evaluation, our management has concluded that our internal control over financial reporting was not effective as of December 31, 2014 considering the fact that the Company, being dormant, has only one person on staff to handle all duties of the Company.

Our independent auditors have not audited and are not required to audit this assessment of our internal control over financial reporting for the period covered by this report.

During our most recent fiscal quarter, there has not occurred any change in our internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
 
7

PART II
OTHER INFORMATION

Item 1. Legal Proceedings

None

Item 1A. Risk Factors.

None

Item 2. Unregistered Sale of Equity Securities and Use of Proceeds.

None

Item 3. Defaults upon Senior Securities.

None

Item 4. Submission of Matters to a Vote of Security Holders.

None.

Item 5. Other Information.

None

Item 6. Exhibits

a. 31.1 Certification of the Company's Chief Executive Officer, Sun Tze Whang, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

b. 31.2 Certification of the Company's Chief Financial Officer/Principal Accounting Officer, Kit H. Tan, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

c. 32 Certification of the Company's Chief Executive Officer and Chief Financial Officer/Principal Accounting Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

d. 101.INSXBRL Instance Document

e. 101.SCHXBRL Taxonomy Extension Schema Document

f. 101.CALXBRL Taxonomy Extension Calculation Linkbase Document

g. 101.LABXBRL Taxonomy Extension Label Linkbase Document

h. 101.PREXBRL Taxonomy Extension Presentation Linkbase Document
 
8

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

INTERDYNE COMPANY
 
(Registrant)
   
Date: February 2, 2015
By:
/s/Sun Tze Whang
Sun Tze Whang
Director /Chief Executive Officer
   
By:
/s/Kit H. Tan
Kit H. Tan
Director /Chief Financial Officer/Principal Accounting Officer
 
 
9

EX-31.1 2 ex31_1.htm EXHIBIT 31.1

Exhibit 31.1
 
CERTIFICATION OF CHIEF EXECUTIVE OFFICER

I, Sun Tze Whang, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Interdyne Company;

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 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.

Date: February 2, 2015
By:
/s/Sun Tze Whang
Sun Tze Whang
Director /Chief Executive Officer
 
 

EX-31.2 3 ex31_2.htm EXHIBIT 31.2

Exhibit 31.2
 
CERTIFICATION OF CHIEF FINANCIAL OFFICER/PRINCIPAL ACCOUNTING OFFICER

I, Kit H. Tan, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Interdyne Company;

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 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.

Date: February 2, 2015
By:
/s/Kit H. Tan
Kit H. Tan
Director /Chief Financial Officer/Principal Accounting Officer
 
 

EX-32 4 ex32.htm EXHIBIT 32

Exhibit 32

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 Interdyne Company on Form 10-Q for the quarter ended December 31, 2013 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), Sun Tze Whang, Chief Executive Officer, and Kit H. Tan, Chief Financial Officer/Principal Accounting Officer, of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1. The Report fully complies with the requirements of section 3(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.
 
Date: February 2, 2015
By:
/s/Sun Tze Whang
Sun Tze Whang
Director /Chief Executive Officer

 
By:
/s/Kit H. Tan
Kit H. Tan
Director /Chief Financial Officer/Principal Accounting Officer
 
 

EX-101.INS 5 itdn-20141231.xml XBRL INSTANCE DOCUMENT 0000051011 2014-07-01 2014-12-31 0000051011 2014-10-01 2014-12-31 0000051011 2013-07-01 2013-12-31 0000051011 2013-10-01 2013-12-31 0000051011 2014-12-31 0000051011 2014-06-30 0000051011 2013-12-31 0000051011 2013-07-01 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure INTERDYNE CO 0000051011 --06-30 Smaller Reporting Company 10-Q 2014-12-31 2015 Q2 No Yes false 2730 206902 209632 8300 12500 3167 23967 500000 314335 185665 209632 0 50000000 0 0 100000000 39999942 3450 1939 1500 6889 4550 -2339 -2339 0 39999942 6965 3944 3000 13909 9117 -4792 800 -5592 0 39999942 9117 -2378 -17087 23286 6199 800 6427 12626 39999942 4414 196554 200968 5500 12500 3593 21593 500000 320625 179375 200968 0 50000000 0 0 100000000 39999942 3550 1887 1500 6937 4232 -2705 -2705 0 0 39999942 39999942 7315 3827 3000 14142 8652 -5490 800 -6290 8652 -2374 -17316 23286 19000 19000 1684 800 0.085 <!--StartFragment--> <div style="color: rgb(0, 0, 0); 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information presented therein not misleading.&#160; For further information, refer to the financial statements and footnotes thereto included in the Company's Annual Report in Form 10-K as of June 30, 2014, as filed with the Securities and Exchange Commission.&#160; The results of operations for the three months ended December 31, 2014 are not necessarily indicative of the results of operations to be expected for the full fiscal year ending June 30, 2015.</div> <!--EndFragment--> <!--StartFragment--> <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-align: left;">Note 2.&#160; Changes in Significant Accounting Policies</div> <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman', 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serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-align: left;">Note 3.&#160;&#160; Due from affiliate</div> <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman', Times, serif; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px;"><br/> </div> <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-align: left;">In prior years, the Company made advances to Acculogic, Inc., an affiliated company through common ownership and management.&#160; The advances bear interest at 8.5% per annum, payable on demand.&#160; The balance including interest is guaranteed by another affiliated company.&#160; During the six months ended December 31, 2014 the Company received $19,000 from Acculogic, Inc. as repayments against the advances and accrued interest due.</div> <!--EndFragment--> EX-101.SCH 6 itdn-20141231.xsd XBRL TAXONOMY EXTENSION SCHEMA 000100 - Statement - CONDENSED BALANCE SHEETS link:presentationLink link:calculationLink link:definitionLink 000105 - Statement - CONDENSED BALANCE SHEETS (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 000200 - Statement - CONDENSED STATEMENTS OF OPERATIONS (Unaudited) link:presentationLink link:calculationLink link:definitionLink 000300 - Statement - 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CURRENT ASSETS TOTAL CURRENT ASSETS CURRENT LIABILITIES Accrued professional fees Other accrued expenses Preferred stock, no par value, 50,000,000 shares authorized, no shares outstanding Preferred stock, par value (in Dollars per Share) Common stock, par value (in Dollars per Share) Interest earned EXPENSES Management fees to related party Management fees paid to related parties Management Fees Operating Expenses TOTAL EXPENSES LOSS BEFORE INCOME TAXES GROSS (LOSS)/PROFIT BEFORE TAX Adjustments to reconcile net loss to net cash used in operating activities : CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) NET INCREASE IN CASH NET INCREASE (DECREASE) IN CASH CASH FLOWS FROM OPERATING ACTIVITIES Net cash used by operating activities Net cash provided by operating activities CASH FLOWS FROM FINANCING ACTIVITIES Net cash provided by financing activities Net cash used by financing activities Accrued expense Changes In operating assets and liabilites: Increase/decrease resulting from changes 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Give totals for each group. If operations of any controlled companies are different in character from those of the company, group such affiliates (1) within divisions and (2) by type of activities. 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M&$,``&ET9&XM,C`Q-#$R,S$N>'-D550%``-__-%4=7@+``$$)0X```0Y`0`` 64$L%!@`````%``4`OP$``%!)```````` ` end XML 13 R9.htm IDEA: XBRL DOCUMENT v2.4.1.9
Due from affiliate (Narrative) (Details) (USD $)
6 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Due from affiliate [Abstract]    
Annual interest on advances (in Percent) 8.50%itdn_InvestmentsInAndAdvancesToAffiliatesDividendsOrInterestRate  
Cash received from affiliate $ 19,000us-gaap_ProceedsFromContributionsFromAffiliates $ 23,286us-gaap_ProceedsFromContributionsFromAffiliates
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Due from affiliate
6 Months Ended
Dec. 31, 2014
Due from affiliate [Abstract]  
Due from affiliate
Note 3.   Due from affiliate

In prior years, the Company made advances to Acculogic, Inc., an affiliated company through common ownership and management.  The advances bear interest at 8.5% per annum, payable on demand.  The balance including interest is guaranteed by another affiliated company.  During the six months ended December 31, 2014 the Company received $19,000 from Acculogic, Inc. as repayments against the advances and accrued interest due.
XML 16 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED BALANCE SHEETS (USD $)
Dec. 31, 2014
Jun. 30, 2014
CURRENT ASSETS    
Cash $ 4,414us-gaap_CashAndCashEquivalentsAtCarryingValue $ 2,730us-gaap_CashAndCashEquivalentsAtCarryingValue
OTHER ASSETS    
Due from affiliate 196,554us-gaap_DueFromAffiliateCurrent 206,902us-gaap_DueFromAffiliateCurrent
TOTAL CURRENT ASSETS 200,968us-gaap_AssetsCurrent 209,632us-gaap_AssetsCurrent
CURRENT LIABILITIES    
Accrued professional fees 5,500us-gaap_AccruedProfessionalFeesCurrent 8,300us-gaap_AccruedProfessionalFeesCurrent
Accrued management fees to related party 12,500us-gaap_DueToRelatedPartiesCurrent 12,500us-gaap_DueToRelatedPartiesCurrent
Other accrued expenses 3,593us-gaap_OtherAccruedLiabilitiesCurrent 3,167us-gaap_OtherAccruedLiabilitiesCurrent
TOTAL CURRENT LIABILITIES 21,593us-gaap_LiabilitiesCurrent 23,967us-gaap_LiabilitiesCurrent
STOCKHOLDERS' EQUITY    
Preferred stock, no par value, 50,000,000 shares authorized, no shares outstanding      
Common stock, no par value, 100,000,000 shares authorized, 39,999,942 shares issued and to be issued 500,000us-gaap_CommonStockValue 500,000us-gaap_CommonStockValue
Accumulated deficit (320,625)us-gaap_DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage (314,335)us-gaap_DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage
TOTAL STOCKHOLDERS' EQUITY 179,375us-gaap_StockholdersEquity 185,665us-gaap_StockholdersEquity
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 200,968us-gaap_LiabilitiesAndStockholdersEquity $ 209,632us-gaap_LiabilitiesAndStockholdersEquity
XML 17 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Interim Financial Statements
6 Months Ended
Dec. 31, 2014
Interim Financial Statements [Abstract]  
Interim Financial Statements
Note 1.  Interim Financial Statements

The accompanying financial statements are unaudited, but in the opinion of the management of the Company, contain all adjustments, consisting of only normal recurring accruals, necessary to present fairly the financial position as of December 31, 2014 and the results of operations for the three and six months ended December 31, 2014 and 2013 and changes in cash flows for the six months ended December 31, 2014 and 2013.  Certain information and footnote disclosures normally included in financial statements that have been prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission, although management of the Company believes that the disclosures contained in these financial statements are adequate to make the information presented therein not misleading.  For further information, refer to the financial statements and footnotes thereto included in the Company's Annual Report in Form 10-K as of June 30, 2014, as filed with the Securities and Exchange Commission.  The results of operations for the three months ended December 31, 2014 are not necessarily indicative of the results of operations to be expected for the full fiscal year ending June 30, 2015.
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Changes in Significant Accounting Policies
6 Months Ended
Dec. 31, 2014
Changes in Significant Accounting Policies [Abstract]  
Changes in Significant Accounting Policies
Note 2.  Changes in Significant Accounting Policies
 
There are no newly issued accounting pronouncements that the Company expects to have a material effect on the financial statements and there have been no changes in our significant accounting policies.
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CONDENSED BALANCE SHEETS (Parenthetical) (USD $)
Dec. 31, 2014
Jun. 30, 2014
STOCKHOLDERS' EQUITY    
Preferred stock, par value (in Dollars per Share) $ 0us-gaap_PreferredStockNoParValue $ 0us-gaap_PreferredStockNoParValue
Preferred stock, shares authorized (in Shares) 50,000,000us-gaap_PreferredStockSharesAuthorized 50,000,000us-gaap_PreferredStockSharesAuthorized
Preferred stock, shares outstanding (in Shares) 0us-gaap_PreferredStockSharesOutstanding 0us-gaap_PreferredStockSharesOutstanding
Common stock, par value (in Dollars per Share) $ 0us-gaap_CommonStockNoParValue $ 0us-gaap_CommonStockNoParValue
Common stock, shares authorized (in Shares) 100,000,000us-gaap_CommonStockSharesAuthorized 100,000,000us-gaap_CommonStockSharesAuthorized
Common stock, shares issued and outstanding (in Shares) 39,999,942us-gaap_CommonStockSharesIssued 39,999,942us-gaap_CommonStockSharesIssued
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Document and Entity Information
6 Months Ended
Dec. 31, 2014
Document and Entity Information [Abstract]  
Entity Registrant Name INTERDYNE CO
Entity Central Index Key 0000051011
Current Fiscal Year End Date --06-30
Entity Filer Category Smaller Reporting Company
Document Type 10-Q
Document Period End Date Dec. 31, 2014
Document Fiscal Year Focus 2015
Document Fiscal Period Focus Q2
Entity Common Stock Shares Outstanding 39,999,942dei_EntityCommonStockSharesOutstanding
Entity Voluntary Filers No
Entity Current Reporting Status Yes
Amendment Flag false
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CONDENSED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
EXPENSES        
Professional fees $ 3,550us-gaap_ProfessionalFees $ 3,450us-gaap_ProfessionalFees $ 7,315us-gaap_ProfessionalFees $ 6,965us-gaap_ProfessionalFees
General and administrative 1,887us-gaap_GeneralAndAdministrativeExpense 1,939us-gaap_GeneralAndAdministrativeExpense 3,827us-gaap_GeneralAndAdministrativeExpense 3,944us-gaap_GeneralAndAdministrativeExpense
Management Fees 1,500itdn_ManagementFees 1,500itdn_ManagementFees 3,000itdn_ManagementFees 3,000itdn_ManagementFees
TOTAL EXPENSES 6,937us-gaap_OperatingExpenses 6,889us-gaap_OperatingExpenses 14,142us-gaap_OperatingExpenses 13,909us-gaap_OperatingExpenses
OTHER INCOME - interest from affiliate 4,232us-gaap_InterestIncomeRelatedParty 4,550us-gaap_InterestIncomeRelatedParty 8,652us-gaap_InterestIncomeRelatedParty 9,117us-gaap_InterestIncomeRelatedParty
LOSS BEFORE INCOME TAXES (2,705)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (2,339)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (5,490)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (4,792)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
INCOME TAX EXPENSE       (800)us-gaap_CurrentIncomeTaxExpenseBenefit (800)us-gaap_CurrentIncomeTaxExpenseBenefit
NET LOSS $ (2,705)us-gaap_NetIncomeLoss $ (2,339)us-gaap_NetIncomeLoss $ (6,290)us-gaap_NetIncomeLoss $ (5,592)us-gaap_NetIncomeLoss
BASIC AND DILUTED LOSS PER SHARE (in Dollars per Share) $ 0us-gaap_EarningsPerShareBasicAndDiluted $ 0us-gaap_EarningsPerShareBasicAndDiluted $ 0us-gaap_EarningsPerShareBasicAndDiluted $ 0us-gaap_EarningsPerShareBasicAndDiluted
BASIC AND DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING (in Shares) 39,999,942us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 39,999,942us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 39,999,942us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 39,999,942us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
6 Months Ended
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (6,290)us-gaap_NetIncomeLoss $ (5,592)us-gaap_NetIncomeLoss
Increase/decrease resulting from changes in :    
Accrued interest income (8,652)us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet (9,117)us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet
Accrued expense (2,374)us-gaap_IncreaseDecreaseInAccruedLiabilities (2,378)us-gaap_IncreaseDecreaseInAccruedLiabilities
Net cash used by operating activities (17,316)us-gaap_NetCashProvidedByUsedInOperatingActivities (17,087)us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash received from affiliate 19,000us-gaap_ProceedsFromContributionsFromAffiliates 23,286us-gaap_ProceedsFromContributionsFromAffiliates
Net cash provided by financing activities 19,000us-gaap_NetCashProvidedByUsedInFinancingActivities 23,286us-gaap_NetCashProvidedByUsedInFinancingActivities
NET INCREASE IN CASH 1,684us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 6,199us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH, BEGINNING OF PERIOD 2,730us-gaap_CashAndCashEquivalentsAtCarryingValue 6,427us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH, END OF PERIOD 4,414us-gaap_CashAndCashEquivalentsAtCarryingValue 12,626us-gaap_CashAndCashEquivalentsAtCarryingValue
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Income taxes paid $ 800us-gaap_IncomeTaxesPaid $ 800us-gaap_IncomeTaxesPaid
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