10-Q

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 June 30, 2016

Commission File No. 033-28188

STRATEGIC INTERNET INVESTMENTS, INCORPORATED
(Exact name of registrant as specified in its charter)

Delaware	84-1116458
State of incorporation	IRS Employer Identification

Jood Palace Hotel
36-A Street Off Al Rigga Road, Suite 1058
Deira Dubai P.O. Box 42211
UNITED ARAB EMIRATES
Address of principal executive offices

(512) 686-6998
Registrant’s telephone number

Indicate by check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months, 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 and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (s. 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
Yes  [X]   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 the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer [  ]	Accelerated filer  [  ]
Non-accelerated filer [  ]  (Do not check if a smaller reporting company)	Smaller reporting company [X]

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

Common shares outstanding as of August 14, 2016: 40,359,391

PART I – FINANCIAL INFORMATION

Overview

In this report, unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to “common stock” refer to the common shares in our capital stock. As used in this report, the terms “we”, “us”, “our”, the “Company”, “Strategic”, and “SIII” mean Strategic Internet Investments, Incorporated, unless otherwise indicated.

Our financial statements are stated in United States dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles.

Forward Looking Statements.

This report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology.  These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled “Risk Factors” and the risks set out below, any of which may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

These risks include, by way of example and not in limitation:

• results of initial feasibility, pre-feasibility and feasibility studies, and the possibility that future real estate development results will not be consistent with our expectations;
• real estate development risks, including risks related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties or interruptions in development construction;
• the potential for delays in development activities or the completion of feasibility studies;
• risks related to the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses;
• risks related to commodity price fluctuations;
• the uncertainty of profitability based upon our history of losses;
• risks related to failure to obtain adequate financing on a timely basis and on acceptable terms for our planned development projects;
• risks related to environmental regulation and liability;
• risks that the amounts reserved or allocated for environmental compliance, reclamation, control measures, monitoring and on-going maintenance may not be sufficient to cover such costs;
• risks related to tax assessments;
• political and regulatory risks associated with real estate development; and
• other risks and uncertainties related to our prospects, properties and business strategy.

This list is not an exhaustive list of the factors that may affect any of our forward-looking statements.  These and other factors should be considered carefully and readers should not place undue reliance on our forward-looking statements.

The Company intends that such forward-looking statements be subject to the Safe Harbors for such statements.  Forward looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and we undertake no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change.  Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.  Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

1. Financial Statements

STRATEGIC INTERNET INVESTMENTS, INCORPORATED

INTERIM FINANCIAL STATEMENTS

June 30, 2016

(Expressed in U.S. Dollars)

(Unaudited)

STRATEGIC INTERNET INVESTMENTS, INCORPORATED
BALANCE SHEETS
(Expressed in U.S. Dollars)
 (Unaudited)

		June 30, 2016			December 31, 2015
ASSETS
Current:
Cash	$	578		$	14,630
TOTAL ASSETS	$	578		$	14,630
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current:
Accounts payable	$	98,097		$	84,123
Accounts payable - related party		22,737			20,727
Accrued interest		13,140			10,106
Accrued interest - related party		562,491			514,760
Convertible loan payable		50,000			50,000
Loans and convertible notes payable - related party		759,329			752,726
TOTAL LIABILITIES		1,505,794			1,432,442
Stockholders’ deficit:
Capital Stock
Class A Convertible Preferred stock, $0.001 par value 10,000,000 authorized, 198,000 outstanding		198			198
Class B Preferred stock, $0.001 par value 10,000,000 authorized, none outstanding		-			-
Common stock, $0.001 par value 100,000,000 authorized 40,359,391 (2015: 40,359,391) issued and outstanding		40,359			40,359
Additional paid-in capital		12,156,359			12,156,359
Accumulated deficit		(13,702,132	)		(13,614,728	)
TOTAL STOCKHOLDERS’ DEFICIT		(1,505,216	)		(1,417,812	)
TOTAL STOCKHOLDERS’ DEFICIT AND LIABILITIES	$	578		$	14,630

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

STRATEGIC INTERNET INVESTMENTS, INCORPORATED
INTERIM STATEMENTS OF OPERATIONS
(Expressed in U.S. Dollars)
 (Unaudited)

		Three months ended June 30,						Six months ended June 30,
		2016			2015			2016			2015
General and Administrative Expenses
Accounting and audit fees	$	5,671		$	6,684		$	25,569		$	27,212
Consulting fees		-			9,000			-			9,000
Legal fees		197			255			473			511
Management fees		1,000			42,000			2,000			48,000
Office and general		43			6,064			200			6,326
Regulatory fees		1,732			2,054			4,461			7,424
Rent		-			2,913			-			2,913
Transfer agent fees		375			515			750			1,085
Operating loss		(9,018	)		(69,485	)		(33,453	)		(102,471	)
Other income and expenses
Interest		(25,697	)		(23,262	)		(50,765	)		(45,764	)
Gain (loss) on foreign exchange		(605	)		(2,868	)		(3,186	)		8,209
Net loss for the period	$	(35,320	)	$	(95,615	)	$	(87,404	)	$	(140,026	)
Basic and diluted loss per share	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Weighted average number of common shares outstanding		40,359,391			38,491,259			40,359,391			37,709,203

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

STRATEGIC INTERNET INVESTMENTS, INCORPORATED
INTERIM STATEMENTS OF CASH FLOWS
(Expressed in U.S. Dollars)
 (Unaudited)

		Six months ended June 30,
		2016			2015
Operating Activities
Net loss for the period	$	(87,404	)	$	(140,026	)
Adjustments to reconcile net loss to net cash used in operating activities:
Unrealized foreign exchange loss (gain)		1,303			(2,431	)
Changes in non-cash item:
Accounts payable		19,274			(16,658	)
Accounts payable - related party		2,010			(71,945	)
Accrued interest		3,034			2,788
Accrued interest - related party		47,731			42,976
Net cash used in operating activities		(14,052	)		(185,296	)
Financing Activities
Proceeds from issuance of common stock		-			240,000
Repayment of loans - related party		-			(22,945	)
Net cash provided by financing activities		-			217,055
Change in cash during the period		(14,052	)		31,759
Cash, beginning of the period		14,630			1,324
Cash, end of the period	$	578		$	33,083
Supplementary disclosure of cash flows:
Expenses paid by related party on behalf of the Company	$	(5,300	)	$	-
Cash paid for Interest	$	-		$	-
Cash paid for Taxes	$	-		$	-

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

STRATEGIC INTERNET INVESTMENTS, INCORPORATED
NOTES TO THE INTERIM FINANCIAL STATEMENTS
June 30, 2016
(Expressed in U.S. Dollars)
 (Unaudited)

1. Basis of Presentation

The accompanying unaudited interim financial statements have been prepared by the Company pursuant to the rules and regulations of the United States Securities and Exchange Commission. Certain information and disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these financial statements have been included. Such adjustments consist of normal recurring adjustments. These interim financial statements should be read in conjunction with the annual audited financial statements of the Company for the fiscal year ended December 31, 2015 included in the Company’s 10-K Annual Report as filed with the United States Securities and Exchange Commission.

The results of operations for the period ended June 30, 2016 are not indicative of the results that may be expected for the full year.

2. Going Concern

These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At June 30, 2016, the Company had not yet achieved profitable operations, has an accumulated deficit of $13,702,132 since its inception, has a working capital deficiency of $1,505,216 and expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company’s ability to continue as a going concern. Management anticipates that it requires approximately $128,000 over the twelve months ended June 30, 2017 to continue operations as well as the Company estimates it will accrue related interest expenses of $98,000 over the next 12 months on loans due to related parties. In addition to funding the Company’s general, administrative and corporate expenses the Company is obligated to address its current obligations totalling $1,505,794. To the extent that cash needs are not achieved from operating cash flow and existing cash on hand, the Company will be required to raise necessary cash through shareholder loans, equity issuances and/or other debt financing. Amounts raised will be used to continue the development of the Company's investment activities, and for other working capital purposes.

The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances; however there is no assurance of additional funding being available. The Company has historically satisfied its capital needs primarily by issuing equity securities. Management plans to continue to provide for its capital needs during the twelve months ended June 30, 2017, by issuing equity securities and/or related party advances.

STRATEGIC INTERNET INVESTMENTS, INCORPORATED
NOTES TO THE INTERIM FINANCIAL STATEMENTS
June 30, 2016
(Expressed in U.S. Dollars)
 (Unaudited)

3. Convertible Loan Payable

		June 30,		December 31,
		2016		2015
Loan payable, plus accrued interest of $13,140 (2015 - $10,106), pursuant to a Convertible Loan Agreement. The loan is unsecured, bearing interest at 10% per annum and is repayable on demand.  At any time, the lender may convert the principle amount of the loan into units of the Company, each unit consisting of one common share and one non-transferable share purchase warrant, at a conversion rate of $0.20 per unit. Each share purchase warrant entitles the holder to purchase one additional common share for a period of two years from the warrant issue date, at an exercise price of $0.20 during the first year, and $0.35 during the second year. Upon conversion of this loan, the $42,000 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.	$	50,000	$	50,000

STRATEGIC INTERNET INVESTMENTS, INCORPORATED
NOTES TO THE INTERIM FINANCIAL STATEMENTS
June 30, 2016
(Expressed in U.S. Dollars)
 (Unaudited)

4. Loans and Convertible Loans Payable – related party

			June 30,		December 31,
			2016		2015
a)	Loan payable to a company controlled by a director of the Company plus accrued interest of $18,909 (2015 - $17,437). The loan is unsecured, bearing interest at 12% per annum and is repayable on demand.	$	6,802	$	4,883
b)	Loans payable to a company controlled by a director of the Company. The loans are unsecured, non-interest bearing, and repayable upon demand.		326,075		326,949
c)	Loans payable to a company controlled by a former director of the Company. The loans are unsecured, non-interest bearing, and repayable upon demand.		7,477		1,919
d)	Loan payable to a company controlled by a former director of the Company, plus accrued interest payable of $217,140 (2015 - $198,835), pursuant to a Convertible Loan Agreement. The loan is unsecured, bearing interest at 10% per annum and is repayable on demand.  The lender may at anytime convert the principal sum into units of the Company.  Each unit will consist of one common share plus one common share purchase warrant. Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.23. The principal sum of $163,766 may be converted into 2,320,858 units. Conversion of these loans and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.23.  Upon conversion of this loan, the $73,685 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.		163,766		163,766
e)	Loan payable to a company controlled by a director of the Company, plus accrued interest of $326,442 (2015 - $298,488), pursuant to a Convertible Loan Agreement. The loan is unsecured, bearing interest at 10% per annum and is repayable on demand.  The lender may at anytime convert the principal sum into units of the Company.  Each unit will consist of one common share plus one common share purchase warrant.  Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.12. The principal sum of $255,209 may be converted into 4,526,436 units.  Conversion of this loan and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.12. Upon conversion of this loan, the $113,338 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.		255,209		255,209
		$	759,329	$	752,726

STRATEGIC INTERNET INVESTMENTS, INCORPORATED
NOTES TO THE INTERIM FINANCIAL STATEMENTS
June 30, 2016
(Expressed in U.S. Dollars)
 (Unaudited)

5. Equity

During the six months ended June 30, 2016, the Company did not issue any common shares (2015: issued 1,500,000 common shares for proceeds of $80,000).

Stock-based Compensation

Stock Option Plan

The Company’s board of directors approved a stock option plan. Under the plan directors, employees and consultants may be granted options to purchase common stock of the Company at a price of not less than 100% of the fair market value of the stock. The total number of options granted must not exceed 15% of the outstanding common stock of the Company. The plan expires on July 1, 2017.

No options were granted and no compensation expense was recorded during the periods ended June 30, 2016 and 2015.

The fair value of each option grant was estimated on the date of the grant using the Black-Scholes option valuation model. The Black-Scholes option valuation model requires the input of highly subjective assumptions including the expected price volatility. Changes in the subjective input assumptions can materially affect the fair value estimate and therefore the Black-Scholes model does not necessarily provide a reliable single measure of the fair value of the Company’s share purchase options.

As at June 30, 2016, the Company had share purchase options outstanding as follows:

Expiry Date	Exercise Price	Remaining Contractual Life	Number of Options
October 15, 2017	$0.10	1.29 years	1,200,000
January 16, 2018	$0.12	1.55 years	2,940,000
Total options outstanding		1.47 years	4,140,000

At June 30, 2016 all of the outstanding share purchase options were exercisable.

6. Related Party Transactions

At June 30, 2016, accounts payable includes $22,737 due to a director, to a former director, and a company controlled by a director of the Company, in respect of unpaid management fees, expenses incurred on behalf of the Company, and operating costs paid on behalf of the Company.

At June 30, 2016, accrued interest includes $562,491 due to companies controlled by a director and a former director of the Company.

During the period ended June 30, 2016 the Company paid a director $2,000 in management fees.

STRATEGIC INTERNET INVESTMENTS, INCORPORATED
NOTES TO THE INTERIM FINANCIAL STATEMENTS
June 30, 2016
(Expressed in U.S. Dollars)
 (Unaudited)

7. Subsequent Event

Subsequent to June 30, 2016:

a) The Company entered into an agreement to acquire 100% of the issued capital stock of PG Proje Geliştirme Gayrimenkul A.S. (“PG Proje”), a Turkish company that is the owner of the AkCenter Shopping Center in Ankara, Turkey (the “AkCenter”). In consideration for the PG Proje shares, the Company issued convertible debentures in the amount of $66,000,000 to the vendors of the PG Proje shares. This is a non-arm’s length transaction as Mr. Abbas Salih is a Director and Officer, as well as the controlling shareholder, of SIII and indirectly owned a minority interest in PG Proje.

b) The Company entered into an agreement with Pivotek-Akun-Alpinsaat JV (“Pivotek”) to complete certain property renovations on the AkCenter. In consideration for the property renovations, the Company issued convertible debentures in the amount of $4,400,000 to Pivotek.

c) The Company entered into an agreement with Retail Square Gayrimenkul Yatrimlari Ve Danişmanlik S.A. (“Retail Square”) to act as the property manager of the AkCenter. In consideration for providing the property management services for a period of two years, the Company issued convertible debentures in the amount of $1,400,000 to Retail Square.

d) The Company entered into an agreement to acquire 60% of the issued capital stock of Kayu Tekstil Sanayi Ve Ticaret Limited Sirketi (“Kayu”), a Turkish company. In consideration for the Kayu shares, the Company issued convertible debentures in the amount of $30,205,939 to the vendors of the Kayu shares. This is a non-arm’s length transaction as Mr. Abbas Salih is a Director and Officer, as well as the controlling shareholder, of SIII and has an ownership interest in and/or control of the vendors of the Kayu shares. Kayu has an agreement to acquire the Skytower Hotel Atayol in Akcakoca, Turkey, subject to the successful discharge of a debt on the Skytower property and the transfer of title to Kayu.

Upon discharge of the debt on the Skytower property the Company will release convertible debentures in the amount of $12,656,768 to a Company that settled the debt.

Upon transfer of the Skytower property title to Kayu, the Company will release convertible debentures in the amount of $20,137,293 to acquire the remaining 40% of the capital stock of Kayu. Upon completion of this transaction SIII will own 100% of Kayu.

All of the above mentioned convertible debentures have the following terms:

a) Non-interest bearing.

b) Mature on December 31, 2021 (the “Maturity Date”).

c) At any time prior to the Maturity Date, the convertible debenture holder may convert the debenture into common stock of the Company at a price of $1.00 per share.

d) The convertible debenture will automatically convert into common stock upon the closing price of the Company’s common stock closing above $1.00 per share for 20 consecutive trading days.

The Company has not yet determined the accounting treatment for the above mentioned series of transactions.

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

The following discussion should be read in conjunction with our unaudited interim financial statements and the related notes that appear elsewhere in this quarterly report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward looking statements. Factors that could cause or contribute to such differences include those discussed below and elsewhere in this annual report.  

Our unaudited interim financial statements are stated in United States dollars and are prepared in accordance with United States generally accepted accounting principles (“GAAP”).

The Company is in the development stage, accordingly certain matters discussed herein are based on potential future circumstances and developments, which the Company anticipates, but which cannot be assured.

Plan of Operation

The Company has been devoting its business efforts to real estate development projects located in Europe and the Middle East. The Company will continue to explore new investment opportunities, including real estate development projects, during its 2016 fiscal year.

On July 18, 2016 SIII entered into an agreement to acquire 100% of the issued capital stock of PG Proje Geliştirme Gayrimenkul A.S. (“PG Proje”), a Turkish company that is the owner of the AkCenter Shopping Center in Ankara, Turkey (the “AkCenter”). In consideration for the PG Proje shares, the Company issued convertible debentures in the amount of $66,000,000 to the vendors of the PG Proje shares. This is a non-arm’s length transaction as Mr. Abbas Salih is a Director and Officer, as well as the controlling shareholder, of SIII and indirectly owned a minority interest in PG Proje.

On August 9, 2016 SIII entered into a Securities Purchase Agreement (the “Kayu Agreement”) to acquire 60% of the issued capital stock Kayu Tekstil Sanayi Ve Ticaret Limited Sirketi (“Kayu”), a Turkish company from Najibi Investment Trading FZC (hereinafter “Najibi”), G7 Entertainment Incorporated, (hereinafter “G7”), Royaltun General Trading LLC., (hereinafter “Royaltun”), and Soha Investment Inc., (hereinafter “Soha) (jointly hereinafter the “Vendors”).  In consideration for the Kayu shares, the Company issued convertible debentures in the amount of $30,205,939 to the Vendors of the Kayu shares. This is a non-arm’s length transaction as Mr. Abbas Salih is a Director and Officer, as well as the controlling shareholder, of SIII and has an ownership interest in and/or control of the vendors of the Kayu shares. Kayu has an agreement to acquire the Skytower Hotel Atayol in Akcakoca, Turkey (the “Skytower Property”), subject to the successful discharge of a debt on the Skytower Property and the transfer of title to Kayu.

Upon discharge of the debt on the Skytower Property the Company will release convertible debentures in the amount of $12,656,768 to Najibi, a Company that settled the existing debt on the Skytower Property.

Upon transfer of the Skytower Property title to Kayu, the Company will release convertible debentures in the amount of $20,137293 to acquire the remaining 40% of the capital stock of Kayu. Upon completion of this transaction SIII will own 100% of Kayu.

Any additional funding that maybe required to complete the Skytower Property and/or the AkCenter transactions has not yet been fully secured, there can be no assurances the transactions will proceed and SIII management cautions investors of this risk.

On March 21, 2016 SIII entered into a Letter of Intent (“LOI”) with Dogu Karadeniz Saglik Hizmetleri Anonim Sirketi, S.P.V. (“Dogu”), and Par-San Turizm Anonim Sirkeci, S.P.V.(“ParSan”)(jointly the “Vendors”); and Najibi Investment Investment Incorporation (“Najibi”), Royaltun General Trading L.L.C. (“Royaltun”), G7 Entertainment Incorporated (“G7”), SOHA Investment Inc.(“Soha”)(jointly the Second Party), whereby SIII may acquire from the Vendors up to 100% of the Medical Park Private Hospital and the Hotel Marriot Izmir in Trabzon, Turkey for a Purchase Price of US$35,000,000. Under the LOI, the parties have agreed that upon completion of due diligence, the parties will enter into a formal agreement, and SIII will finance the Purchase Price through the issuance of Convertible Debenture Securities of SIII with a deemed value equal to the Purchase Price.

This is a non-arm’s length transaction on the basis that Mr. Abbas Salih is an insider of SIII as well as some members of the Second Party. The complete LOI is available upon request to the Company.

Any funding that maybe required to complete the Medical Park Private Hospital and the Hotel Marriot Izmir transaction has not yet been fully secured, there can be no assurances the transaction will proceed and SIII management cautions investors of this risk.

Our estimated cash expenses over the next twelve months are as follows:

Accounting, audit, and legal fees	$	40,000
General and administrative expenses		7,000
Interest		6,000
Management fees		55,000
Regulatory and transfer agent fees		14,000
Rent		6,000
	$	128,000

The Company also estimates it will continue to accrue interest expense of $98,000 over the next 12 months on loans due to related parties. It is not anticipated the related party interest will be paid in cash during 2016, and therefore related party interest has been excluded from the above list of cash expenses.

The Company has not yet determined a cash operating budget for the recently acquired AkCenter retail rental property or the Skytower Property.

To date we have funded our operations primarily with loans from shareholders and issue new equity. In addition to funding the Company’s general, administrative and corporate expenses the Company is obligated to address its current obligations totalling $1,505,794. To the extent that cash needs are not achieved from operating cash flow and existing cash on hand, the Company will be required to raise necessary cash through shareholder loans, equity issuances and/or other debt financing. Amounts raised will be used to continue the development of the Company's investment activities, and for other working capital purposes, which may be dilutive to existing shareholders. The Company currently has no agreement in place to raise funds for current liabilities and no guarantee can be given that we will be able to raise funds for this purpose on terms acceptable to the company. Failure to raise funds for general, administrative and corporate expenses and current liabilities could result in a severe curtailment of the Company’s operations.

Any advance in the real estate development strategy set-out herein will require additional funds. These funds may be raised through equity financing, debt financing or other sources which may result in further dilution of the shareholders percentage ownership in the company. See “Future Financing” below.

Results of Operations

Three Months ended June 30, 2016

During the quarter ended June 30, 2016, the Company incurred general and administrative expenses totaling $9,018 compared to $69,485 during the same period of the previous year.

The volume of transactions and business activities has changed little compared to the prior year. The significant changes in our expenses for the three month period ended June 30, 2016 when compared to the three month period ended June 30, 2015 was primarily due to:

a) Accounting and audit fees deceased $1,013. This mostly due to changes in foreign exchange rates on Canadian based accounting services.

b) Consulting fees relate to two agreements entered into in June 2015 with two consultants engaged to provide the Company with business development services. The fees for the June 30, 2015 period were $9,000; there were no similar agreements in the comparative 2016 period.

c) Management fees relate to a director engaged in October 2012 to provide general management and administrative services. This director was remunerated by fees of $20 per hour for time spent directly managing the Company’s affairs; he charged the Company $1,000 in the three month period ending June 30, 2016 and $2,000 in the three month period ending June 30, 2015.

In addition, in January 2013, the Company agreed to pay another director/officer a periodic management stipend. During the period ended June 30, 2016 this director was paid $Nil compared to $40,000 in the 2015 period.

d) Office and general expense relates to costs in a workplace shared with a related company. These shared costs include secretarial services, office supplies, printing, photocopier, parking, and telephone expenses. These expenses decreased $6,021 in 2016 compared to 2015 as there no shares office expenses incurred in 2016.

e) Regulatory fees relate to charges by EDGAR (USA) and SEDAR (Canada) regulatory filing service providers for making submissions to the regulatory authorities, as well as fees paid to the regulators themselves.

f) Rent is for office space where the Company is sub-letting an office along with a related company. There were no charges in the 2016 period.

g) Interest on loans increased by $2,435; this is attributed to the compounding effect of the quarterly interest calculation as the Company has not been making any payments on these debts.

Six Months ended June 30, 2016

During the six months ended June 30, 2016, the Company incurred general and administrative expenses totaling $33,453 compared to $102,471 during the same period of the previous year.

The significant changes in our expenses for the six month period ended June 30, 2016 when compared to the six month period ended June 30, 2015 was primarily due to:

a) The 2016 accounting and audit fees deceased $1,643. This mostly due to changes in foreign exchange rates on Canadian based accounting services.

b) Consulting fees relate to two agreements entered into in June 2015 with two consultants engaged to provide the Company with business development services. The fees for the June 30, 2015 period were $9,000; there were no similar agreements in the comparative 2016 period.

c) Management fees relate to a director engaged in October 2012 to provide general management and administrative services. This director was remunerated by fees of $20 per hour for time spent directly managing the Company’s affairs; he charged the Company $2,000 in each of the six month periods ending June 30, 2016 and 2015.

In addition, in January 2013, the Company agreed to pay another director/officer a periodic management stipend. During the period ended June 30, 2016 this director was paid $Nil compared to $46,000 in the 2015 period.

d) Office and general expense relates to costs in a workplace shared with a related company. These shared costs include secretarial services, office supplies, printing, photocopier, parking, and telephone expenses. The related company was paid $5,670 in 2015; there were no similar agreements in the comparative 2016 period.

e) Rent is for office space where the Company is sub-letting an office along with a related company. Rent in the amount of $2,913 was paid in the June 30, 2015 six month period. There were no similar charges in the comparative 2016 period.

f) Regulatory fees relate to charges by EDGAR (USA) and SEDAR (Canada) regulatory filing service providers for making submissions to the regulatory authorities, as well as fees paid to the regulators themselves. Regulatory fees for the 2015 period was $2,963 higher because in 2016 the Company is no longer required to make regulatory filings in Canada.

g) Interest on loans increased by $5,001; this is attributed to the compounding effect of the quarterly interest calculation as the Company has not been making any payments on these debts.

Funding for operating and investing activities was provided by both non-interest and interest bearing advances and loans from related parties, including directors of the Company, and companies controlled by these directors; plus loans and equity investments from third parties.

As of June 30, 2016, the Company had total current assets of $578 and total liabilities of $1,505,794. The Company had cash of $578 and a working capital deficiency of $1,505,216 as of June 30, 2016 compared to cash on hand of $14,630 and a working capital deficiency of $1,417,812, for the year ended December 31, 2015.  We anticipate that we will incur approximately $128,000 for cash operating expenses, including professional, legal and accounting expenses associated with our reporting requirements under the Exchange Act during the next twelve months. The Company has not yet determined a cash operating budget for the recently acquired AkCenter retail rental property or the Skytower Property.

In addition to funding the Company’s general, administrative and corporate expenses the Company is obligated to address its current obligations totaling $1,505,794. To the extent that cash needs are not achieved from operating cash flow and existing cash on hand, the Company will be required to raise necessary cash through shareholder loans, equity issuances and/or other debt financing. Amounts raised will be used to continue the development of the Company's investment activities, and for other working capital purposes. Accordingly, we will need to obtain additional financing in order to continue our planned business activities.

Cash used in operating activities for the period ended June 30, 2016 was $14,052 as compared to cash used by operating activities for the same period in 2015 of $185,296.  The decrease in cash used in operating activities was primarily due to a $71,945 reduction in accounts payable to related parties in the 2015 period, whereas there was no similar reduction in the 2016 period. Cash used in operating activities also decreased due to decreases in consulting fees, management fees, office and general expenses, rent, and regulatory fees.

The Company has the following loans outstanding as of June 30, 2016:

A $7,477 loan is payable to a company controlled by a former director of the Company. This loan is unsecured, non-interest, and is repayable on demand.

A $163,766 loan is payable to a company controlled by a former director of the Company, plus accrued interest payable of $217,140 pursuant to a Convertible Loan Agreement.  The loan is unsecured, bearing interest at 10% per annum and is repayable on demand.  The lender may at anytime convert the principal sum into units of the Company.  Each unit will consist of one common share plus one common share purchase warrant.  The principal sum of $163,766 may be converted into 2,320,858 units.  Conversion of these loans and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.23.

A $50,000 loan payable, plus accrued interest of $13,140, pursuant to a Convertible Loan Agreement. This loan is unsecured, bearing interest at 10% per annum, and is repayable on demand. At any time, the lender may convert the principle amount of the loan into units of the Company, each unit consisting of one common share and one non-transferable share purchase warrant, at a conversion rate of $0.20 per unit. Each share purchase warrant entitles the holder to purchase one additional common share for a period of two years from the warrant issue date, at an exercise price of $0.20 during the first year, and $0.35 during the second year.

A $6,802 loan is payable to a company controlled by a director of the Company plus accrued interest of $18,909. This loan is unsecured, bearing interest at 12% per annum and is repayable on demand.

Loans totaling $326,075 are payable to a company controlled by a director of the Company.  These loans are unsecured, non-interest bearing, and repayable upon demand.

A $255,209 loan is payable to a company controlled by a director of the Company, plus accrued interest of $326,442 pursuant to a Convertible Loan Agreement. The loan is unsecured, bearing interest at 10% per annum and is repayable on demand.  The lender may at anytime convert the principal sum into units of the Company. Each unit will consist of one common share plus one common share purchase warrant.  The principal sum of $255,209 may be converted into 4,526,436 units.  Conversion of this loan and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.12.

Going Concern

The unaudited financial statements accompanying this report have been prepared on a going concern basis, which implies that our company will continue to realize its assets and discharge its liabilities and commitments in the normal course of business. Our company has not generated revenues since inception and has never paid any cash dividends and is unlikely to pay cash dividends or generate earnings in the immediate or foreseeable future. The continuation of our company as a going concern is dependent upon the continued financial support from related party advances, the ability of our company to obtain necessary equity financing to achieve our operating objectives, and the attainment of profitable operations. As of June 30, 2016, we had cash of $578 and we estimate that we will require approximately $128,000 to fund our business operations over the next twelve months.  In addition to funding the Company’s general, administrative and corporate expenses the Company is obligated to address its current obligations totalling $1,505,794. To the extent that cash needs are not achieved from operating cash flow and existing cash on hand, the Company will be required to raise necessary cash through shareholder loans, equity issuances and/or other debt financing. Amounts raised will be used to continue the development of the Company's investment activities, and for other working capital purposes. 

Accordingly, we do not have sufficient funds for planned operations and we will be required to raise additional funds for operations.

These circumstances raise substantial doubt about our ability to continue as a going concern, as described in the Note 2 of our June 30, 2016 unaudited financial statements. The financial statements do not include any adjustments that might result from the outcome of that uncertainty. The continuation of our business is dependent upon us raising additional financial support. The issuance of additional equity securities by us could result in a significant dilution in the equity interests of our current stockholders. Obtaining commercial loans, assuming those loans would be available, will increase our liabilities and future cash commitments.

There are no assurances that we will be able to obtain further funds required for our continued operations. We are pursuing various financing alternatives to meet our immediate and long-term financial requirements. There can be no assurance that additional financing will be available to us when needed or, if available, that it can be obtained on commercially reasonable terms. If we are not able to obtain the additional financing on a timely basis, we will be forced to scale down or perhaps even cease the operation of our business.

Future Financings

As of June 30, 2016, we had cash of $578 and we estimate that we will require approximately $128,000 to fund our business operations over the next twelve months. The Company has not yet determined a cash operating budget for the recently acquired AkCenter retail rental property or the Skytower Property. In addition to funding the Company’s general, administrative and corporate expenses the Company is obligated to address its current obligations totaling $1,505,794. Accordingly, we do not have sufficient funds for planned operations and we will be required to raise additional funds for operations.  We anticipate continuing to rely on equity sales of our common shares or shareholder loans in order to continue to fund our business operations. Issuances of additional shares will result in dilution to our existing stockholders. There is no assurance that we will achieve any additional sales of our equity securities or arrange for debt or other financing to fund our planned activities.

Off-balance sheet arrangements

As of the date of this Report, the Company does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the company's financial condition, change in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.  The term "off-balance sheet arrangement" generally means any transaction, agreement, or other contractual arrangement to which an entity unconsolidated with the Company is a party under which the Company has (i) any obligation arising under a guarantee contract, derivative instrument or variable interest; or (ii) a retained or contingent interest in assets transferred to such entity or similar arrangement that serves as credit, liquidity or market risk support for such assets.

3.     Quantitative and Qualitative Disclosures About Market Risk

The Company has no market risk sensitive instruments.

4.     Controls and Procedures

As required by Rule 13(a)-15 under the Exchange Act, in connection with this quarterly report on Form 10-Q, under the direction of our Chief Executive Officer and Chief Financial Officer, we have evaluated our disclosure controls and procedures as of June 30, 2016, our disclosure controls and procedures were ineffective. As of the date of this filing, we are still in the process of remediating such material weaknesses in our internal controls and procedures.

It should be noted that while our management believes our disclosure controls and procedures provide a reasonable level of assurance, they do not expect that our disclosure controls and procedures or internal controls will prevent all error and all fraud. A control system, no matter how well conceived or operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within our company have been detected. These inherent limitations include the realities that judgments in decision making can be faulty, and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the controls. The design of any system of internal control is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Over time, controls may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate. Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

There were no changes in our internal control over financial reporting during the period ended June 30, 2016 that have materially affected or are reasonably likely to materially affect, our internal control over financial reporting.

Part II – Other Information

1. Legal Proceedings

We know of no other material, active, or pending legal proceeding against our Company, nor are we involved as a plaintiff in any material proceeding or pending litigation where such claim or action involves damages for more than 10% of our current assets. There are no proceedings in which any of our Company’s directors, officers, or affiliates, or any registered or beneficial shareholders, is an adverse party or has a material interest adverse to our company’s interest.

1.A Risk Factors

Not applicable

2. Unregistered Sales of Equity Securities

Sales of Securities Without Registration Under the Securities Act of 1933

On August 10, 2003 the Company entered into a Convertible Loan Facility Agreement with Star Leisure & Entertainment Inc. (“Star Leisure”), a company controlled by a Director and Officer of Strategic, whereby the Company would, from time to time, borrow operating funds from Star Leisure, at an interest rate of 10%, repayable on demand. The lender has the right to convert all or part of the principal sum into units at a conversion rate which is calculated at a discount to the average closing market price for ten days preceding a loan advance. Each unit consists of one common share of the Company and one non-transferable share purchase warrant, expiring 2 years from the conversion date, exercisable at the applicable conversion rate. On August 31, 2008 the Company entered into agreements to transfer previous advances and accrued interest to convertible loans under the Convertible Loan Facility Agreement. At June 30, 2016, the Star Leisure loan principal was $255,209. The loan principal is convertible into 4,526,436 units at conversion price ranging from $0.05 to $0.12 as set at the time the principal was borrowed. Star Leisure has not converted any part of the principal sums advanced into units as of June 30, 2016. This transaction is with an offshore non-U.S. person; accordingly, these securities are exempt from registration pursuant to Regulation S.

On May 5, 2006 the Company entered into a Convertible Loan Facility Agreement with CMB Investments Ltd. (“CMB”), a company controlled by a former Director of Strategic, whereby the Company would, from time to time, borrow operating funds from CMB, at an interest rate of 10%, repayable on demand. The lender has the right to convert all or part of the principal sum into units at a conversion rate which is calculated at a discount to the average closing market price for ten days preceding a loan advance. Each unit consists of one common share of the Company and one share purchase warrant, expiring 2 years from the conversion date, exercisable at the applicable conversion rate. At June 30, 2016, the CMB loan principal was $163,766. The loan principal is convertible into 2,320,858 units. Conversion of this loan and associated warrants to equity will be at a price ranging from $0.05 to $0.23. CMB has not converted any part of the principal sums advanced into units as of June 30, 2016. This transaction is with an offshore non-U.S. person; accordingly, these securities are exempt from registration pursuant to Regulation S.

On October 15, 2012 the Company entered into three agreements to issue a total of 5,249,065 restricted common shares of the Company at $0.07 per share as settlement of accounts payable due to a director of the Company, a company controlled by a director of the Company, in respect of unpaid management and consulting fee debts totaling $350,215, plus a $17,220 debt owed to an arm’s length creditor. These shares were issued on February 19, 2013. These transactions are with offshore non-U.S. persons; accordingly, these securities are exempt from registration pursuant to Regulation S, however they are restricted under Rule 144.

On August 21, 2012 the Company entered into a Management Services Agreement with a director (the “Director”) and an arm’s length consultant (the “Consultant”), for a term of 12 months commencing on October 1, 2012. As partial remuneration for the management and consulting services the Company agreed to issue 320,000 restricted common shares to the Director, and 480,000 restricted common shares to the Consultant. These shares were issued on February 19, 2013. As part of the same agreement, the directors and consultant also received 320,000 and 480,000 stock options respectively with an exercise price of $0.10 expiring October 15, 2017.

On August 21, 2012 the Company entered into a Consulting Services Agreement with an arm’s length consultant (the “Consultant”), for a term of 12 months commencing on October 1, 2012. As partial remuneration for the consulting services the Company agreed to issue 300,000 restricted common shares to the Consultant. These shares were issued on February 19, 2013. As part of the same agreement, the consultant also received 300,000 stock options with an exercise price of $0.10 expiring October 15, 2017.

On March 15, 2013 the Company entered into two consulting services agreements for a term of 12 months commencing on March 15, 2013. As remuneration for the consulting services the Company agreed to issue 1,200,000 restricted common shares to the consultants. These transactions are with offshore non-U.S. persons; accordingly, these securities are exempt from registration pursuant to Regulation S, however they are restricted under Rule 144. These shares were issued on May 9, 2013.

On January 5, 2014 the Company entered into a Convertible Loan Agreement to borrow $50,000 operating funds, at an interest rate of 10%, repayable on demand. At any, the lender may convert the principle amount of the loan into units of the Company, each unit consisting of one common share and one non-transferable share purchase warrant, at a conversion rate of $0.20 per unit. Each share purchase warrant is entitles the holder to purchase one additional common share for at period of two years from the warrant issue date, at an exercise price of $0.20 during the first year, and $0.35 during the second year. This transaction is with an offshore non-U.S. person; accordingly, these securities are exempt from registration pursuant to Regulation S.

On June 20, 2014 the Company issued 1,200,000 restricted common shares for $50,000 cash. This transaction is with an offshore non-U.S. persons; accordingly, these securities are exempt from registration pursuant to Regulation S, however they are restricted under Rule 144.

On November 13, 2014 the Company issued 500,000 restricted common shares for $40,000 cash. This transaction is with an offshore non-U.S. persons; accordingly, these securities are exempt from registration pursuant to Regulation S, however they are restricted under Rule 144.

On February 13, 2015 the Company issued 1,500,000 restricted common shares for $80,000 cash. This transaction is with an offshore non-U.S. person; accordingly, these securities are exempt from registration pursuant to Regulation S, however they are restricted under Rule 144.

On June 25, 2015 the Company issued 2,000,000 restricted common shares for $160,000 cash. This transaction is with an offshore non-U.S. person; accordingly, these securities are exempt from registration pursuant to Regulation S, however they are restricted under Rule 144.

On July 18, 2016 the Company issued convertible debentures in the amount of $71,800,000 in connection with the acquisition, renovation, and operation of the AkCenter retail rental property. These debentures mature on December 31, 2021, are non-interest bearing, and are convertible into common stock of the Company at a price of $1.00 per share. A portion of this is a non-arm’s length transaction as Mr. Abbas Salih is the President, Director and CEO as well as the controlling shareholder of SIII and indirectly owned a minority interest in PG Proje. This transaction is with an offshore non-U.S. person; accordingly, these securities are exempt from registration pursuant to Regulation S.

On August 9, 2016 the Company issued convertible debentures in the amount of $63,000,000 in connection with the acquisition of the capital stock of Kayu, and debt settlement of the Skytower Property. These debentures mature on December 31, 2021, are non-interest bearing, and are convertible into common stock of the Company at a price of $1.00 per share. A portion of this is a non-arm’s length transaction as Mr. Abbas Salih is a Director and Officer, as well as the controlling shareholder, of SIII and indirectly owned a minority interest in Kayu. This transaction is with an offshore non-U.S. person; accordingly, these securities are exempt from registration pursuant to Regulation S

Purchase of Equity Securities by the Issuer and Affiliated Purchasers

We did not purchase any of our shares of common stock or other securities during the period ended June 30, 2016.

3. Defaults Upon Senior Securities

– None

4. Submission of Matters to a Vote of Security Holders

– None

5. Other Information

– None

6. Exhibits

Table of Exhibit Items	Description	Exhibit
601-3(i)	Articles of Incorporation	Note 1
601-(3)(ii)	Bylaws	Note 1
601-(3)(iii)	Certificate of Amendment	Note 1
601-(10)	Stock Award Plan	Note 2
601-(31)	Rule 13a-14(a)/15d-14(a) Certifications	Exhibit 31.1
601-(32)	Section 1350 Certifications	Exhibit 32.1
Note 1:	Incorporated by reference to Form 10-KSB Annual Report for the year ending December 31, 2001
Note 2:	Incorporated by reference to Form 10-KSB Annual Report for the year ending December 31, 2002

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.

		Strategic Internet Investments, Incorporated
Date:	August 19, 2016	/s/ Abbas Salih
		Abbas Salih, CEO, CFO, Director

EX-31.1

Exhibit 31.1

CERTIFICATION
Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Abbas Salih, certify that:

(1) I have reviewed this Form 10-Q Interim Report for the period ended June 30, 2016 of Strategic Internet Investments, Incorporated;

(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) I am the registrant's sole certifying officer, and I am 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 my 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 my 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 my 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) As the registrant's sole certifying officer, I have disclosed, based on my 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:	August 19, 2016	/s/ Abbas Salih
		Abbas Salih, Director, CEO, CFO

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 Strategic Internet Investments, Incorporated (the "Company") on Form 10-Q for the period ending June 30, 2016 as filed with the Securities and Exchange Commission on the date hereof (the "Report"). I, Abbas Salih, Director of the Company, certify, pursuant to 18 USC Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge and belief:

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 results of operations of the Company.

Date:	August 19, 2016	/s/ Abbas Salih
		Abbas Salih, Director, CEO, CFO

XML

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 14, 2016
Document And Entity Information
Entity Registrant Name	STRATEGIC INTERNET INVESTMENTS INC
Entity Central Index Key	0000053320
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		40,359,391
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2016

XML

Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Current Assets
Cash	$ 578	$ 14,630
TOTAL ASSETS	578	14,630
Current:
Accounts payable	98,097	84,123
Accounts payable - related party	22,737	20,727
Accrued interest	13,140	10,106
Accrued interest - related party	562,491	514,760
Convertible loan payable	50,000	50,000
Loans and convertible notes payable - related party	759,329	752,726
TOTAL LIABILITIES	1,505,794	1,432,442
Stockholders' deficit:
Common stock, $0.001 par value 100,000,000 authorized 40,359,391 (2015: 40,359,391) issued and outstanding	40,359	40,359
Additional paid-in capital	12,156,359	12,156,359
Accumulated deficit	(13,702,132)	(13,614,728)
TOTAL STOCKHOLDERS' DEFICIT	(1,505,216)	(1,417,812)
TOTAL STOCKHOLDERS' DEFICIT AND LIABILITIES	578	14,630
Class A Convertible Preferred
Current:
Preferred Stock	198	198
Class B Preferred
Current:
Preferred Stock

XML

Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Common Stock, Par Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares Issued	40,359,391	40,359,391
Common Stock, Shares Outstanding	40,359,391	40,359,391
Class A Convertible Preferred
Preferred Stock, Par Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	198,000	198,000
Preferred Stock, Shares Outstanding	198,000	198,000
Class B Preferred
Preferred Stock, Par Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0

XML

Statements Of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
General and Administrative Expenses
Accounting and audit fees	$ 5,671	$ 6,684	$ 25,569	$ 27,212
Consulting fees		9,000		9,000
Legal fees	197	255	473	511
Management fees	1,000	42,000	2,000	48,000
Office and general	43	6,064	200	6,326
Regulatory fees	1,732	2,054	4,461	7,424
Rent		2,913		2,913
Transfer agent fees	375	515	750	1,085
Operating loss	(9,018)	(69,485)	(33,453)	(102,471)
Other income and expense
Interest	(25,697)	(23,262)	(50,765)	(45,764)
Gain (loss) on foreign exchange	(605)	(2,868)	(3,186)	8,209
Net loss for the year	$ (35,320)	$ (95,615)	$ (87,404)	$ (140,026)
Basic and diluted loss per share	$ 0	$ 0	$ 0	$ 0
Weighted average number of common shares outstanding	40,359,391	38,491,259	40,359,391	37,709,203

XML

Statements Of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating Activities
Net loss for the period	$ (87,404)	$ (140,026)
Adjustments to reconcile net loss to net cash used in operating activities:
Unrealized foreign exchange loss (gain)	1,303	(2,431)
Changes in non-cash item:
Accounts payable	19,274	(16,658)
Accounts payable - related party	2,010	(71,945)
Accrued interest	3,034	2,788
Accrued interest - related party	47,731	42,976
Net cash used in operating activities	(14,052)	(185,296)
Financing Activities
Proceeds from issuance of common stock		240,000
Repayment of loans - related party		(22,945)
Net cash provided by financing activities		217,055
Change in cash during the period	(14,052)	31,759
Cash, beginning of the period	14,630	1,324
Cash, end of the period	578	33,083
Supplementary disclosure of cash flows:
Expenses paid by related party on behalf of the Company	(5,300)
Cash paid for Interest
Cash paid for Taxes

XML

Basis of Presentation

6 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Basis of Presentation

1. Basis of Presentation

The accompanying unaudited interim financial statements have been prepared by the Company pursuant to the rules and regulations of the United States Securities and Exchange Commission. Certain information and disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these financial statements have been included. Such adjustments consist of normal recurring adjustments. These interim financial statements should be read in conjunction with the annual audited financial statements of the Company for the fiscal year ended December 31, 2015 included in the Company’s 10-K Annual Report as filed with the United States Securities and Exchange Commission.

The results of operations for the period ended June 30, 2016 are not indicative of the results that may be expected for the full year.

XML

Going Concern

6 Months Ended

Jun. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Going Concern

1. Going Concern

These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At June 30, 2016, the Company had not yet achieved profitable operations, has an accumulated deficit of $13,702,132 since its inception, has a working capital deficiency of $1,505,216 and expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company’s ability to continue as a going concern. Management anticipates that it requires approximately $128,000 over the twelve months ended June 30, 2017 to continue operations as well as the Company estimates it will accrue related interest expenses of $98,000 over the next 12 months on loans due to related parties. In addition to funding the Company’s general, administrative and corporate expenses the Company is obligated to address its current obligations totalling $1,505,794. To the extent that cash needs are not achieved from operating cash flow and existing cash on hand, the Company will be required to raise necessary cash through shareholder loans, equity issuances and/or other debt financing. Amounts raised will be used to continue the development of the Company's investment activities, and for other working capital purposes.

The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances; however there is no assurance of additional funding being available. The Company has historically satisfied its capital needs primarily by issuing equity securities. Management plans to continue to provide for its capital needs during the twelve months ended June 30, 2017, by issuing equity securities and/or related party advances.

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Convertible Loan Payable

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Convertible Loan Payable

3. Convertible Loan Payable

	June 30,	December 31,
	2016	2015
Loan payable, plus accrued interest of $13,140 (2015 - $10,106), pursuant to a Convertible Loan Agreement. The loan is unsecured, bearing interest at 10% per annum and is repayable on demand.  At any time, the lender may convert the principle amount of the loan into units of the Company, each unit consisting of one common share and one non-transferable share purchase warrant, at a conversion rate of $0.20 per unit. Each share purchase warrant entitles the holder to purchase one additional common share for a period of two years from the warrant issue date, at an exercise price of $0.20 during the first year, and $0.35 during the second year. Upon conversion of this loan, the $42,000 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.	$      50,000	$      50,000

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Loans and Convertible Loans Payable - Related Party

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Loans And Convertible Notes Payable - Related Party

4. Loans and Convertible Loans Payable – related party

	June 30,	December 31,
	2016	2015
a) Loan payable to a company controlled by a director of the Company plus accrued interest of $18,909 (2015 - $17,437). The loan is unsecured, bearing interest at 12% per annum and is repayable on demand.	$         6,802	$         4,883
b) Loans payable to a company controlled by a director of the Company. The loans are unsecured, non-interest bearing, and repayable upon demand.	326,075	326,949
c) Loans payable to a company controlled by a former director of the Company. The loans are unsecured, non-interest bearing, and repayable upon demand.	7,477	1,919
d) Loan payable to a company controlled by a former director of the Company, plus accrued interest payable of $217,140 (2015 - $198,835), pursuant to a Convertible Loan Agreement. The loan is unsecured, bearing interest at 10% per annum and is repayable on demand.  The lender may at anytime convert the principal sum into units of the Company.  Each unit will consist of one common share plus one common share purchase warrant. Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.23. The principal sum of $163,766 may be converted into 2,320,858 units. Conversion of these loans and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.23.  Upon conversion of this loan, the $73,685 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.	163,766	163,766
e) Loan payable to a company controlled by a director of the Company, plus accrued interest of $326,442 (2015 - $298,488), pursuant to a Convertible Loan Agreement. The loan is unsecured, bearing interest at 10% per annum and is repayable on demand.  The lender may at anytime convert the principal sum into units of the Company.  Each unit will consist of one common share plus one common share purchase warrant.  Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.12. The principal sum of $255,209 may be converted into 4,526,436 units.  Conversion of this loan and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.12. Upon conversion of this loan, the $113,338 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.	255,209	255,209
	$      759,329	$      752,726

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Equity

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Equity

5. Equity

During the six months ended June 30, 2016, the Company did not issue any common shares (2015: issued 1,500,000 common shares for proceeds of $80,000).

Stock-based Compensation

Stock Option Plan

The Company’s board of directors approved a stock option plan. Under the plan directors, employees and consultants may be granted options to purchase common stock of the Company at a price of not less than 100% of the fair market value of the stock. The total number of options granted must not exceed 15% of the outstanding common stock of the Company. The plan expires on July 1, 2017.

No options were granted and no compensation expense was recorded during the periods ended June 30, 2016 and 2015.

The fair value of each option grant was estimated on the date of the grant using the Black-Scholes option valuation model. The Black-Scholes option valuation model requires the input of highly subjective assumptions including the expected price volatility. Changes in the subjective input assumptions can materially affect the fair value estimate and therefore the Black-Scholes model does not necessarily provide a reliable single measure of the fair value of the Company’s share purchase options.

As at June 30, 2016, the Company had share purchase options outstanding as follows:

Expiry Date	Exercise Price	Remaining Contractual Life	Number of Options
October 15, 2017	$0.10	1.29 years	1,200,000
January 16, 2018	$0.12	1.55 years	2,940,000
Total options outstanding		1.47 years	4,140,000

At June 30, 2016 all of the outstanding share purchase options were exercisable.

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Related Party Transactions

6 Months Ended

Jun. 30, 2016

Related Party Transactions [Abstract]

Related Party Transactions

6. Related Party Transactions

At June 30, 2016, accounts payable includes $22,737 due to a director, to a former director, and a company controlled by a director of the Company, in respect of unpaid management fees, expenses incurred on behalf of the Company, and operating costs paid on behalf of the Company.

At June 30, 2016, accrued interest includes $562,491 due to companies controlled by a director and a former director of the Company.

During the period ended June 30, 2016 the Company paid a director $2,000 in management fees.

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Subsequent Event

6 Months Ended

Jun. 30, 2016

Subsequent Events [Abstract]

Subsequent Event

7. Subsequent Event

Subsequent to June 30, 2016:

a) The Company entered into an agreement to acquire 100% of the issued capital stock of PG Proje Geliştirme Gayrimenkul A.S. (“PG Proje”), a Turkish company that is the owner of the AkCenter Shopping Center in Ankara, Turkey (the “AkCenter”). In consideration for the PG Proje shares, the Company issued convertible debentures in the amount of $66,000,000 to the vendors of the PG Proje shares. This is a non-arm’s length transaction as Mr. Abbas Salih is a Director and Officer, as well as the controlling shareholder, of SIII and indirectly owned a minority interest in PG Proje.

b) The Company entered into an agreement with Pivotek-Akun-Alpinsaat JV (“Pivotek”) to complete certain property renovations on the AkCenter. In consideration for the property renovations, the Company issued convertible debentures in the amount of $4,400,000 to Pivotek.

c) The Company entered into an agreement with Retail Square Gayrimenkul Yatrimlari Ve Danişmanlik S.A. (“Retail Square”) to act as the property manager of the AkCenter. In consideration for providing the property management services for a period of two years, the Company issued convertible debentures in the amount of $1,400,000 to Retail Square.

d) The Company entered into an agreement to acquire 60% of the issued capital stock of Kayu Tekstil Sanayi Ve Ticaret Limited Sirketi (“Kayu”), a Turkish company. In consideration for the Kayu shares, the Company issued convertible debentures in the amount of $30,205,939 to the vendors of the Kayu shares. This is a non-arm’s length transaction as Mr. Abbas Salih is a Director and Officer, as well as the controlling shareholder, of SIII and has an ownership interest in and/or control of the vendors of the Kayu shares. Kayu has an agreement to acquire the Skytower Hotel Atayol in Akcakoca, Turkey, subject to the successful discharge of a debt on the Skytower property and the transfer of title to Kayu.

Upon discharge of the debt on the Skytower property the Company will release convertible debentures in the amount of $12,656,768 to a Company that settled the debt.

Upon transfer of the Skytower property title to Kayu, the Company will release convertible debentures in the amount of $20,137293 to acquire the remaining 40% of the capital stock of Kayu. Upon completion of this transaction SIII will own 100% of Kayu.

All of the above mentioned convertible debentures have the following terms:

a) Non-interest bearing.

b) Mature on December 31, 2021 (the “Maturity Date”).

c) At any time prior to the Maturity Date, the convertible debenture holder may convert the debenture into common stock of the Company at a price of $1.00 per share.

d) The convertible debenture will automatically convert into common stock upon the closing price of the Company’s common stock closing above $1.00 per share for 20 consecutive trading days.

The Company has not yet determined the accounting treatment for the above mentioned series of transactions.

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Convertible Loan Payable (Tables)

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Convertible Loan Payable

	June 30,	December 31,
	2016	2015
Loan payable, plus accrued interest of $13,140 (2015 - $10,106), pursuant to a Convertible Loan Agreement. The loan is unsecured, bearing interest at 10% per annum and is repayable on demand.  At any time, the lender may convert the principle amount of the loan into units of the Company, each unit consisting of one common share and one non-transferable share purchase warrant, at a conversion rate of $0.20 per unit. Each share purchase warrant entitles the holder to purchase one additional common share for a period of two years from the warrant issue date, at an exercise price of $0.20 during the first year, and $0.35 during the second year. Upon conversion of this loan, the $42,000 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.	$      50,000	$      50,000

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Loans And Convertible Notes Payable - Related Party (Tables)

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Schedule of Loans Payable

	June 30,	December 31,
	2016	2015
a) Loan payable to a company controlled by a director of the Company plus accrued interest of $18,909 (2015 - $17,437). The loan is unsecured, bearing interest at 12% per annum and is repayable on demand.	$         6,802	$         4,883
b) Loans payable to a company controlled by a director of the Company. The loans are unsecured, non-interest bearing, and repayable upon demand.	326,075	326,949
c) Loans payable to a company controlled by a former director of the Company. The loans are unsecured, non-interest bearing, and repayable upon demand.	7,477	1,919
d) Loan payable to a company controlled by a former director of the Company, plus accrued interest payable of $217,140 (2015 - $198,835), pursuant to a Convertible Loan Agreement. The loan is unsecured, bearing interest at 10% per annum and is repayable on demand.  The lender may at anytime convert the principal sum into units of the Company.  Each unit will consist of one common share plus one common share purchase warrant. Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.23. The principal sum of $163,766 may be converted into 2,320,858 units. Conversion of these loans and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.23.  Upon conversion of this loan, the $73,685 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.	163,766	163,766
e) Loan payable to a company controlled by a director of the Company, plus accrued interest of $326,442 (2015 - $298,488), pursuant to a Convertible Loan Agreement. The loan is unsecured, bearing interest at 10% per annum and is repayable on demand.  The lender may at anytime convert the principal sum into units of the Company.  Each unit will consist of one common share plus one common share purchase warrant.  Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.12. The principal sum of $255,209 may be converted into 4,526,436 units.  Conversion of this loan and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.12. Upon conversion of this loan, the $113,338 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.	255,209	255,209
	$      759,329	$      752,726

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Equity (Tables)

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Share Purchase Options Outstanding

Expiry Date	Exercise Price	Remaining Contractual Life	Number of Options
October 15, 2017	$0.10	1.29 years	1,200,000
January 16, 2018	$0.12	1.55 years	2,940,000
Total options outstanding		1.47 years	4,140,000

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Convertible Loan Payable (Detail) - Convertible Loan Payable - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Debt Disclosure [Abstract]
Convertible note payable	$ 50,000	$ 50,000

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4. Loans and Convertible Loans Payable - Related Party (Detail) - Schedule of Loans Payable - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Loans Payable Total [Member]
Loan Payable	$ 759,329		$ 752,726
Company Controlled By A Director Of The Company (a) [Member]
Loan Payable	6,802		$ 4,883
Accrued Interest	$ 18,909	$ 17,437
Interest Rate	12.00%		12.00%
Company Controlled By Director Of The Company (b) [Member]
Loan Payable	$ 326,075		$ 326,949
Company Controlled By A Former Director Of The Company (c) [Member]
Loan Payable	7,477		1,919
Company Controlled By A Former Director Of The Company (d) [Member]
Loan Payable	163,766		163,766
Accrued Interest	$ 217,140		$ 198,835
Interest Rate	10.00%		10.00%
Debt Redemption Terms	The lender may at anytime convert the principal sum into units of the Company. Each unit will consist of one common share plus one common share purchase warrant. Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.23. The principal sum of $163,766 may be converted into 2,320,858 units. Conversion of these loans and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.23. Upon conversion of this loan, the $73,685 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.		The lender may at anytime convert the principal sum into units of the Company. Each unit will consist of one common share plus one common share purchase warrant. Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.23. The principal sum of $163,766 may be converted into 2,320,858 units. Conversion of these loans and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.23. Upon conversion of this loan, the $73,685 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.
Company Controlled By A Former Director Of The Company (E) [Member]
Loan Payable	$ 255,209		$ 255,209
Accrued Interest	$ 326,442		$ 298,488
Interest Rate	10.00%		10.00%
Debt Redemption Terms	The lender may at anytime convert the principal sum into units of the Company. Each unit will consist of one common share plus one common share purchase warrant. Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.12. The principal sum of $255,209 may be converted into 4,526,436 units. Conversion of this loan and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.12. Upon conversion of this loan, the $113,338 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.		The lender may at anytime convert the principal sum into units of the Company. Each unit will consist of one common share plus one common share purchase warrant. Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.12. The principal sum of $255,209 may be converted into 4,526,436 units. Conversion of this loan and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.12. Upon conversion of this loan, the $113,338 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.

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Equity (Detail) - Share Purchase Options Outstanding	6 Months Ended
	Jun. 30, 2016 $ / shares shares
Share Purchase Options
Expiry Date	Jul. 01, 2017
October 15, 2017
Share Purchase Options
Expiry Date	Oct. 15, 2017
Exercise Price | $ / shares	$ 0.10
Weighted Average Remaining Contractual Life	1 year 105 days 20 hours 24 minutes
Number of Options, Oustanding, End (in Shares)	1,200,000
January 16, 2018
Share Purchase Options
Expiry Date	Jan. 16, 2018
Exercise Price | $ / shares	$ 0.12
Weighted Average Remaining Contractual Life	1 year 200 days 18 hours
Number of Options, Oustanding, End (in Shares)	2,940,000
Total [Member]
Share Purchase Options
Weighted Average Remaining Contractual Life	1 year 171 days 13 hours 12 minutes
Number of Options, Oustanding, End (in Shares)	4,140,000

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Going Concern (Details Narrative) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated Deficit	$ 13,702,132	$ 13,614,728
Working Capital Deficiency	1,505,216	1,417,812
Funds Needed, over next 12 months	128,000
Estimated Accrued Interest Expenses	98,000
Current Obligations	$ 1,505,794	$ 1,432,442

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Convertible Loan Payable (Details Narrative) - Convertible Note [Member] - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Convertible Note, amount	$ 50,000	$ 50,000
Note, interest	10.00%	10.00%
Conversion Terms	At any time, the lender may convert the principle amount of the loan into units of the Company, each unit consisting of one common share and one non-transferable share purchase warrant, at a conversion rate of $0.20 per unit. Each share purchase warrant entitles the holder to purchase one additional common share for a period of two years from the warrant issue date, at an exercise price of $0.20 during the first year, and $0.35 during the second year. Upon conversion of this loan, the $42,000 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.	At any time, the lender may convert the principle amount of the loan into units of the Company, each unit consisting of one common share and one non-transferable share purchase warrant, at a conversion rate of $0.20 per unit. Each share purchase warrant entitles the holder to purchase one additional common share for a period of two years from the warrant issue date, at an exercise price of $0.20 during the first year, and $0.35 during the second year. Upon conversion of this loan, the $42,000 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.
Accrued Interest	$ 13,140	$ 10,106

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Equity (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended	12 Months Ended
	Mar. 31, 2015	Jun. 30, 2016	Dec. 31, 2015
Equity [Abstract]
Shares Issued, shares			1,500,000
Shares Issued, value			$ 80,000
Stock Option Plan
Purchase Options Price		Under the plan directors, employees and consultants may be granted options to purchase common stock of the Company at a price of not less than 100% of the fair market value of the stock. The total number of options granted must not exceed 15% of the outstanding common stock of the Company.
Number Of Options Granted Maximum of Total Outstanding Common Stock
Plan Expiration		Jul. 01, 2017
Options Granted
Compensation Expense

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Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Related Party Transactions [Abstract]
Accounts Payable	$ 22,737		$ 22,737
Accrued Interest	562,491		562,491		$ 514,760
Management fees	$ 1,000	$ 42,000	$ 2,000	$ 48,000

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Subsequent Event (Details Narrative)	2 Months Ended
	Aug. 19, 2016
"PG Proje" [Member]
Event Description	The Company entered into an agreement to acquire 100% of the issued capital stock of PG Proje Gelistirme Gayrimenkul A.S. (“PG Proje”), a Turkish company that is the owner of the AkCenter Shopping Center in Ankara, Turkey (the “AkCenter”). In consideration for the PG Proje shares, the Company issued convertible debentures in the amount of $66,000,000 to the vendors of the PG Proje shares. This is a non-arm’s length transaction as Mr. Abbas Salih is a Director and Officer, as well as the controlling shareholder, of SIII and indirectly owned a minority interest in PG Proje.
"Pivotek" [Member]
Event Description	The Company entered into an agreement with Pivotek-Akun-Alpinsaat JV (“Pivotek”) to complete certain property renovations on the AkCenter. In consideration for the property renovations, the Company issued convertible debentures in the amount of $4,400,000 to Pivotek.
"Retail Square" [Member]
Event Description	The Company entered into an agreement with Retail Square Gayrimenkul Yatrimlari Ve Danismanlik S.A. (“Retail Square”) to act as the property manager of the AkCenter. In consideration for providing the property management services for a period of two years, the Company issued convertible debentures in the amount of $1,400,000 to Retail Square.
"Kayu" [Member]
Event Description	The Company entered into an agreement to acquire 60% of the issued capital stock of Kayu Tekstil Sanayi Ve Ticaret Limited Sirketi ("Kayu"), a Turkish company. In consideration for the Kayu shares, the Company issued convertible debentures in the amount of $30,205,939 to the vendors of the Kayu shares. This is a non-arm's length transaction as Mr. Abbas Salih is a Director and Officer, as well as the controlling shareholder, of SIII and has an ownership interest in and/or control of the vendors of the Kayu shares. Kayu has an agreement to acquire the Skytower Hotel Atayol in Akcakoca, Turkey, subject to the successful discharge of a debt on the Skytower property and the transfer of title to Kayu. Upon discharge of the debt on the Skytower property the Company will release convertible debentures in the amount of $12,656,768 to a Company that settled the debt. Upon transfer of the Skytower property title to Kayu, the Company will release convertible debentures in the amount of $20,137293 to acquire the remaining 40% of the capital stock of Kayu. Upon completion of this transaction SIII will own 100% of Kayu.