Nordicus Partners (NORDD) 10-Q 12 Nov 21 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Sep. 30, 2021	Nov. 12, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2021
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--03-31
Entity File Number	0-28034
Entity Registrant Name	EKIMAS CORPORATION
Entity Central Index Key	0001011060
Entity Tax Identification Number	04-3186647
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	3651 Lindell Road
Entity Address, Address Line Two	Suite D565
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89103
City Area Code	(424)
Local Phone Number	256-8560
Title of 12(g) Security	Common Stock, $0.001 par value per share
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	true
Entity Common Stock, Shares Outstanding		49,398,621

Balance Sheets

Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2021	Mar. 31, 2021
Current assets:
Cash	$ 3	$ 128
Total current assets	3	128
Total assets	3	128
Current liabilities:
Accounts payable and accrued expenses	115	46
Total current liabilities	115	46
Total liabilities	115	46
Commitments and contingencies
Stockholders’ equity (deficit):
Preferred stock; $.001 par value; 5,000,000 shares authorized; no shares issued and outstanding as of September 30, 2021 and March 31, 2021
Common stock; $.001 par value; 50,000,000 shares authorized; 28,339,063 shares issued and 28,262,371 shares outstanding as of September 30, 2021 and March 31, 2021	28	28
Additional paid-in capital	33,522	33,522
Accumulated deficit	(33,632)	(33,438)
Treasury stock, 76,692 shares at cost as of September 30, 2021 and March 31, 2021	(30)	(30)
Total stockholders’ equity (deficit)	(112)	82
Total liabilities and stockholders’ equity (deficit)	$ 3	$ 128

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2021	Mar. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares outstanding	28,339,063	28,339,063
Common stock, shares outstanding	28,262,371	28,262,371
Treasury stock shares	76,692	76,692

Statements of Operations (Unaud

Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Operating expenses	$ 147	$ 70	$ 216	$ 173
Loss from operations	(147)	(70)	(216)	(173)
Other income:
Transaction fee			22
Other income			22
Loss from operations before provision for income taxes	(147)	(70)	(194)	(173)
Provision for income taxes
Net loss	$ (147)	$ (70)	$ (194)	$ (173)
Net loss per share - basic	$ (0.01)	$ 0	$ (0.01)	$ (0.01)
Net loss per share - diluted	$ (0.01)	$ 0	$ (0.01)	$ (0.01)
Shares used in computing net loss per common share:
Basic	28,262	28,262	28,262	28,262
Diluted	28,262	28,262	28,262	28,262

Statement of Stockholders' Equi

Statement of Stockholders' Equity (Deficit) (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Total
Beginning balance, value at Mar. 31, 2020	$ 28	$ 38,609	$ (33,112)	$ (30)	$ 5,495
Beginning balance, shares at Mar. 31, 2020	28,262
Cash distribution to stockholders		(5,087)			(5,087)
Net loss			(103)		(103)
Ending balance, value at Jun. 30, 2020	$ 28	33,522	(33,215)	(30)	305
Ending balance, shares at Jun. 30, 2020	28,262
Beginning balance, value at Mar. 31, 2020	$ 28	38,609	(33,112)	(30)	5,495
Beginning balance, shares at Mar. 31, 2020	28,262
Net loss					(173)
Ending balance, value at Sep. 30, 2020	$ 28	33,522	(33,285)	(30)	235
Ending balance, shares at Sep. 30, 2020	28,262
Beginning balance, value at Jun. 30, 2020	$ 28	33,522	(33,215)	(30)	305
Beginning balance, shares at Jun. 30, 2020	28,262
Net loss			(70)		(70)
Ending balance, value at Sep. 30, 2020	$ 28	33,522	(33,285)	(30)	235
Ending balance, shares at Sep. 30, 2020	28,262
Beginning balance, value at Mar. 31, 2021	$ 28	33,522	(33,438)	(30)	82
Beginning balance, shares at Mar. 31, 2021	28,262
Net loss			(47)		(47)
Ending balance, value at Jun. 30, 2021	$ 28	33,522	(33,485)	(30)	35
Ending balance, shares at Jun. 30, 2021	28,262
Beginning balance, value at Mar. 31, 2021	$ 28	33,522	(33,438)	(30)	82
Beginning balance, shares at Mar. 31, 2021	28,262
Net loss					(194)
Ending balance, value at Sep. 30, 2021	$ 28	33,522	(33,632)	(30)	(112)
Ending balance, shares at Sep. 30, 2021	28,262
Beginning balance, value at Jun. 30, 2021	$ 28	33,522	(33,485)	(30)	35
Beginning balance, shares at Jun. 30, 2021	28,262
Net loss			(147)		(147)
Ending balance, value at Sep. 30, 2021	$ 28	$ 33,522	$ (33,632)	$ (30)	$ (112)
Ending balance, shares at Sep. 30, 2021	28,262

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities:
Net loss	$ (194)	$ (173)
Changes in assets and liabilities
Accounts receivable		63
Prepaid expenses and other current assets		1
Accounts payable and accrued expense	69	55
Customer advance		2
Net cash flows (used in) operating activities	(125)	(52)
Cash flows from financing activities:
Cash distribution to stockholders		(5,087)
Net cash flows (used in) financing activities		(5,087)
Net change in cash	(125)	(5,139)
Cash at beginning of year	128	5,538
Cash at end of year	3	399
Supplemental disclosure of cash flow information:
Income taxes paid
Interest paid

Business Description

Business Description	6 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Business Description	Business Description On January 31, 2020 (the “Closing Date”), we completed the sale of substantially all of our assets (the “Asset Sale”) for a total purchase price of $ 7,250,000 As a result of the Asset Sale, we ceased operating as a developer, manufacturer, marketer and seller of advanced polymers. Subsequent to the Closing Date, we became engaged in efforts to identify an operating company to acquire or merge with through an equity-based exchange transaction that would likely result in a change in control. As our efforts in engaging with an operating company subsequent to the Closing Date has not yet commenced, our activities are subject to significant risks and uncertainties, including the need to raise additional capital if we are unable to identify an operating company desiring to acquire or merge with us. We do not own or lease any property and maintain a corporate address at 95 Washington Street, Canton Massachusetts.

Liquidity and Going Concern

Liquidity and Going Concern	6 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Liquidity and Going Concern	2. Liquidity and Going Concern Our financial statements have been presented on the basis that we are a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. During the three and six months ended September 30, 2021, we reported a net loss of approximately $ 147,000 194,000 125,000 52,000 Management is seeking to identify an operating company for the purpose of effecting a merger or business combination, or to acquire assets or shares of an entity actively engaged in a business that generates sustained revenues. We do not intend to restrict our consideration to any particular business or industry segment. Because we have limited resources, the scope and number of suitable candidates to merge with is relatively limited. Because we may participate in a business opportunity with a newly formed firm, a firm that is in the development stage, or a firm that is entering a new phase of growth, we may incur further risk due to the inability of the target’s management to have proven its abilities or effectiveness, or the lack of an established market for the target’s products or services, or the inability to reach profitability in the next few years. Any business combination or transaction will likely result in a significant issuance of shares and substantial dilution to our present stockholders. It is expected that if a transaction is consummated, although no such transaction is assured, then the closing of such a transaction will result in a change in control and such transaction would be expected to be accounted for as a reverse merger, with the operating company being considered the legal acquiree and accounting acquirer, and we would be considered the legal acquirer and the accounting acquiree. As a result, at and subsequent to closing of any such transaction, the financial statements of the operating company would become our financial statements for all periods presented. Although we have investigated certain opportunities to determine whether they would have the potential to add value to us for the benefit of our stockholders, we have not yet entered into any binding arrangements to merge with an operating company and there can be no assurance that we will ever identify an opportunity that could result in the consummation of merger or other business combination. As a result of the limited retained funds and uncertainty in consummating a possible merger or business combination, we expect our funds will not be sufficient to meet our needs for more than twelve months from the date of issuance of these financial statements. Accordingly, management believes there is substantial doubt about our ability to continue as a going concern. EKIMAS CORPORATION NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2021 (UNAUDITED)

Interim Financial Statements an

Interim Financial Statements and Basis of Presentation	6 Months Ended
	Sep. 30, 2021
Interim Financial Statements And Basis Of Presentation
Interim Financial Statements and Basis of Presentation	3. Interim Financial Statements and Basis of Presentation The accompanying unaudited financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, these unaudited financial statements do not include all of the information and disclosures required by U.S. GAAP for complete financial statements. In the opinion of management, the accompanying unaudited financial statements include all adjustments (consisting only of normal recurring adjustments), which we consider necessary, for a fair presentation of those financial statements. The results of operations three and six months ended September 30, 2021 and cash flows for the six months ended September 30, 2021 may not necessarily be indicative of results that may be expected for any succeeding quarter or for the entire fiscal year. The information contained in this quarterly report on Form 10-Q should be read in conjunction with our audited financial statements included in our annual report on Form 10-K, as of and for the fiscal year ended March 31, 2021 as filed with the Securities and Exchange Commission (the “SEC”). The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments, which are evaluated on an ongoing basis, and that affect the amounts reported in our unaudited financial statements and accompanying notes. Management bases its estimates on historical experience and on various other assumptions that it believes are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the amounts of expenses that are not readily apparent from other sources. Actual results could differ from those estimates and judgments. Our significant accounting policies are described in Note 3 to the audited financial statements as of March 31, 2021 which are included in our Annual Report on Form 10-K as filed with the SEC on September 22, 2021.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Sep. 30, 2021
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	4. Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board or other standard setting bodies that may have an impact on our accounting and reporting. We believe that such recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future either will not have an impact on our accounting or reporting or that such impact will not be material to our financial position, results of operations and cash flows when implemented.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Sep. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	5. Related Party Transactions Mr. Michael Adams, our chief executive officer, is a non-employee consultant and holder of approximately 11.5 31,000 54,000 5,000 11,000 19,000 35,000 0 14,000 37,000 17,000

Transaction Fee

Transaction Fee	6 Months Ended
	Sep. 30, 2021
Transaction Fee
Transaction Fee	6. Transaction Fee On May 20, 2021, we received a $ 22,000 EKIMAS CORPORATION NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2021 (UNAUDITED)

Loss Per Share

Loss Per Share	6 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Loss Per Share	7. Loss Per Share Basic loss per common share is computed by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted loss per common share is based upon the weighted-average common shares outstanding during the period plus additional weighted-average common equivalent shares outstanding during the period. Common equivalent shares result from the assumed exercise of outstanding stock options and warrants, the proceeds of which are then assumed to have been used to repurchase outstanding common stock using the treasury stock method. In addition, the numerator is adjusted for any changes in loss that would result from the assumed conversion of potential shares. There were no

Income Taxes

Income Taxes	6 Months Ended
	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	8. Income Taxes We are required to file federal and state income tax returns in the United States. The preparation of these tax returns requires us to interpret the applicable tax laws and regulations in effect in such jurisdictions, which could affect the amount of tax paid by us. In consultation with our tax advisors, we base our tax returns on interpretations that are believed to be reasonable under the circumstances. The tax returns, however, are subject to routine reviews by the various federal and state taxing authorities in the jurisdictions in which we file tax returns. As part of these reviews, a taxing authority may disagree with respect to the income tax positions taken by us (“uncertain tax positions”) and, therefore, may require us to pay additional taxes. As required under applicable accounting rules, we accrue an amount for our estimate of additional income tax liability, including interest and penalties, which we could incur as a result of the ultimate or effective resolution of the uncertain tax positions. We account for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributed to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences and carry-forwards are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is established when necessary to reduce deferred tax assets to amounts expected to be realized. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. We had no 27.0

Stockholders_ Equity

Stockholders’ Equity	6 Months Ended
	Sep. 30, 2021
Equity [Abstract]
Stockholders’ Equity	9. Stockholders’ Equity Preferred Stock We have authorized 5,000,000 0.001 500,000 no EKIMAS CORPORATION NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2021 (UNAUDITED) Common Stock We have 50,000,000 28,339,063 28,262,371 Treasury Stock and Other Transactions In September 2001, the Board of Directors adopted a share repurchase program authorizing the repurchase of up to 250,000 500,000 251,379 498,621 No Stockholder Rights Plan Our Board of Directors approved the adoption of a stockholder rights plan (the “Rights Plan”) under which all stockholders of record as of February 8, 2008 will receive rights to purchase shares of the Junior Preferred Stock (the “Rights”). The Rights will be distributed as a dividend. Initially, the Rights will attach to, and trade with, our common stock. Subject to the terms, conditions and limitations of the Rights Plan, the Rights will become exercisable if (among other things) a person or group acquires 15% or more of our common stock. Upon such an event, and payment of the purchase price, each Right (except those held by the acquiring person or group) will entitle the holder to acquire shares of our common stock (or the economic equivalent thereof) having a value equal to twice the purchase price. Our Board of Directors may redeem the Rights prior to the time they are triggered. In the event of an unsolicited attempt to acquire us, the Rights Plan is intended to facilitate the full realization of our stockholder value and the fair and equal treatment of all of our stockholders. The Rights Plan does not prevent a takeover attempt.

Stock Options

Stock Options	6 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
Stock Options	10. Stock Options On August 14, 2017, our board of directors approved and adopted the 2017 Non-Qualified Equity Incentive Plan (the “2017 Plan”), which authorized the grant of non-qualified stock options exercisable into a maximum of 7,000,000 6,550,000 no 450,000

Legal Proceedings

Legal Proceedings	6 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings	11. Legal Proceedings We are not the subject of any pending legal proceedings; and to the knowledge of management, no proceedings are presently contemplated against us by any federal, state or local governmental agency. Further, to the knowledge of management, no director or executive officer is party to any action in which any has an interest adverse to us. EKIMAS CORPORATION NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2021 (UNAUDITED)

Subsequent Events

Subsequent Events	6 Months Ended
	Sep. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	12. Subsequent Events Sale of Common Stock We evaluated all events or transactions that occurred after the balance sheet date through the date when we filed these financial statements and we determined that, other than the following events, we did not have any other material recognizable subsequent events. On October 12, 2021, we entered into a Stock Purchase Agreement (the “SPA”) with Reddington Partners LLC, a California limited liability company (“Reddington”) providing for the sale of our common stock to Reddington in two tranches. Pursuant to the SPA, our chief executive officer and three other stockholders (the “Principal Stockholders”) entered into a Voting Agreement with Reddington (the “Voting Agreements”). The sale of the first tranche of 21,136,250 4,434,240 25,570,490 51.8 Pursuant to the SPA, we will proceed to effectuate a 1-for 50 reverse stock split 90 The purchase price for both tranches of shares is $ 400,000 200,000 100,000 100,000 200,000 100,000 The shares of common stock sold to Reddington were and will be sold in reliance upon the exemption from securities registration afforded by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 506(b) of Regulation D under the Securities Act, based in part on the representations of Reddington. There were no sales commissions paid pursuant to this transaction. In connection with the First Closing, Michael F. Adams resigned as the chief executive officer and sole director of the Company, and Bennett J. Yankowitz was appointed as the Company’s chief executive officer and sole director. Reverse Stock Split In October 2021, holders of a majority of our Common Stock took action by written consent in lieu of a meeting, to approve a 1-for-50 reverse split The members of the Board of Directors (the “Board”) and stockholders owning 25,570,490 51.8 As of the date of the filing of this quarterly report on Form 10-Q, the Reverse Split was not yet effective.

Business Description (Details N

Business Description (Details Narrative)	Jan. 31, 2020USD ($)
Asset Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Purchase price of asset	$ 7,250,000

Liquidity and Going Concern (De

Liquidity and Going Concern (Details Narrative) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss	$ 147	$ 47	$ 70	$ 103	$ 194	$ 173
Net Cash Provided by (Used in) Operating Activities					$ 125	$ 52

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - Michael Adams [Member] - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Mar. 31, 2021
Related Party Transaction [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	11.50%		11.50%
Consulting fees	$ 31,000	$ 19,000	$ 54,000	$ 35,000
Office expenses	5,000	$ 0	11,000	$ 14,000
Consulting service fees	$ 37,000		$ 37,000		$ 17,000

Transaction Fee (Details Narrat

Transaction Fee (Details Narrative)	May 20, 2021USD ($)
Transaction Fee
Cash deposit	$ 22,000

Loss Per Share (Details Narrati

Loss Per Share (Details Narrative) - shares	3 Months Ended		6 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	0	0

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Income tax credits	$ 0	$ 0	$ 0	$ 0
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	27.00%	27.00%	27.00%	27.00%

Stockholders_ Equity (Details N

Stockholders’ Equity (Details Narrative) - $ / shares	3 Months Ended		6 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Mar. 31, 2021	Sep. 30, 2004	Sep. 30, 2001
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Preferred Stock, Shares Authorized	5,000,000		5,000,000		5,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.001		$ 0.001		$ 0.001
Issued and redeemed shares			500,000
Preferred Stock, Shares Outstanding	0		0		0
Preferred Stock, Shares Outstanding	0		0		0
Common stock, shares authorized	50,000,000		50,000,000		50,000,000
Common stock, shares issued	28,339,063		28,339,063		28,339,063
Common stock, shares issued	28,262,371		28,262,371		28,262,371
Number of shares repurchased	0	0	0	0
Stock Repurchase Program [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of shares authorized for repurchase						500,000	250,000
Number of shares repurchased			251,379
Number of shares remaining to be repurchase	498,621		498,621

Stock Options (Details Narrativ

Stock Options (Details Narrative) - shares	Aug. 14, 2017	Dec. 13, 2018	Sep. 30, 2021	Mar. 31, 2021
Equity Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option outstanding			0	0
2017 Non-Qualified Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available to grant			450,000	450,000
2017 Non-Qualified Equity Incentive Plan [Member] | Directors, Certain Employees and a Consultant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock options vested and exercisable		6,550,000
2017 Non-Qualified Equity Incentive Plan [Member] | Board of Directors [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	7,000,000

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Subsequent Event [Member] - USD ($)	Oct. 12, 2021	Oct. 31, 2021
Subsequent Event [Line Items]
Ownership shares		25,570,490
Ownership percentage		51.80%
Reverse stock split		1-for-50 reverse split
Reddington Partners LLC [Member]
Subsequent Event [Line Items]
Ownership percentage	90.00%
Reverse stock split	1-for 50 reverse stock split
Purchase price of common shares	$ 400,000
Proceeds from issuance of stock	200,000
Working capital	100,000
Escrow deposit	200,000
Reddington Partners LLC [Member] | First Closing Date [Member]
Subsequent Event [Line Items]
Accrued and unpaid liabilities	100,000
Reddington Partners LLC [Member] | Second Closing Date [Member]
Subsequent Event [Line Items]
Accrued and unpaid liabilities	$ 100,000
Voting Agreement [Member] | Reddington Partners LLC [Member]
Subsequent Event [Line Items]
Number of shares issued	4,434,240
Ownership shares	25,570,490
Ownership percentage	51.80%
Share-based Payment Arrangement, Tranche One [Member]
Subsequent Event [Line Items]
Number of shares issued	21,136,250