Nordicus Partners (NORDD) 10-Q 26 Aug 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Jun. 30, 2022	Aug. 26, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Period Focus	Q1
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
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		5,681,248

Balance Sheets

Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022
Current assets:
Cash	$ 186	$ 246
Prepaid expenses	2	4
Total current assets	188	250
Total assets	188	250
Current liabilities:
Accounts payable and accrued expenses	7	43
Related party payable	11	12
Total current liabilities	18	55
Total liabilities	18	55
Commitments and contingencies
Stockholders’ equity:
Preferred stock; $.001 par value; 5,000,000 shares authorized; no shares issued and outstanding as of June 30, 2022 and March 31, 2022
Common stock; $.001 par value; 50,000,000 shares authorized; 5,682,782 shares and 5,682,782 shares issued and 5,681,248 shares and 5,681,248 shares outstanding as of June 30, 2022 and March 31, 2022, respectively	6	6
Additional paid-in capital	38,954	33,944
Accumulated deficit	(38,760)	(33,725)
Treasury stock, 1,534 shares at cost as of June 30, 2022 and March 31, 2022	(30)	(30)
Total stockholders’ equity	170	195
Total liabilities and stockholders’ equity	$ 188	$ 250

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2022	Mar. 31, 2022
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 issued	5,682,782	5,682,782
Common stock, shares outstanding	5,681,248	5,681,248
Treasury stock, shares	1,534	1,534

Statements of Operations (Unaud

Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Operating expenses	$ 5,035,000	$ 69,000
Loss from operations	(5,035,000)	(69,000)
Other income – transaction fee		22,000
Loss from operations before provision for income taxes	(5,035,000)	(47,000)
Provision for income taxes
Net loss	$ (5,035,000)	$ (47,000)
Net loss per common share – basic and diluted	$ (0.89)	$ 0
Shares used in computing net loss per common share – basic and diluted	5,681,248	566,773

Statement of Stockholders' Equi

Statement of Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Total
Beginning balance, value at Mar. 31, 2021	$ 1,000	$ 33,549,000	$ (33,438,000)	$ (30,000)	$ 82,000
Beginning Balance, shares at Mar. 31, 2021	566,773
Net loss			(47,000)		(47,000)
Stock-based compensation
Ending balance, value at Jun. 30, 2021	$ 1,000	33,549,000	(33,485,000)	(30,000)	35,000
Ending Balance, shares at Jun. 30, 2021	566,773
Beginning balance, value at Mar. 31, 2022	$ 6,000	33,944,000	(33,725,000)	(30,000)	195,000
Net loss			(5,035,000)		(5,035,000)
Stock-based compensation		5,010,000			5,010,000
Ending balance, value at Jun. 30, 2022	$ 6,000	$ 38,954,000	$ (38,760,000)	$ (30,000)	$ 170,000
Ending Balance, shares at Jun. 30, 2022	5,681,248

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net loss	$ (5,035,000)	$ (47,000)
Adjustments to reconcile net loss to net cash flows used in operating activities
Stock-based compensation	5,010,000
Changes in assets and liabilities:
Prepaid expenses	2,000
Accounts payable and accrued expenses	(36,000)	(32,000)
Related party payable	(1,000)
Net cash flows used in operating activities	(60,000)	(79,000)
Net change in cash	(60,000)	(79,000)
Cash at beginning of year	246,000	128,000
Cash at end of year	186,000	49,000
Supplemental disclosure of non-cash flow information:
Income taxes paid
Interest paid

Business Description

Business Description	3 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Business Description	1. 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 either an (i) operating company to acquire or merge with through an equity-based exchange transaction or (ii) investor interested in purchasing a majority interest in our common stock, whereby either transaction would likely result in a change in control. 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 purchase of a total of 5,114,475 90% 400,000 Pursuant to the SPA, the Company effectuated a 1-for 50 422,725 4,691,750 5,114,475 90% Management continues to seek to identify an operating company for the purposes of engaging in a merger or business combination of some kind, or acquire assets or shares of an entity actively engaged in a business that generates sustained revenues. 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. We do not own or lease any property and maintain a corporate address at 3651 Lindell Road, Las Vegas, Nevada.

Liquidity and Going Concern

Liquidity and Going Concern	3 Months Ended
	Jun. 30, 2022
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 months ended June 30, 2022 and 2021, we reported a net loss of approximately $ 5,035,000 47,000 60,000 79,000 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 purchase of a total of 5,114,475 90% 400,000 On April 11, 2022, effective April 1, 2022, we issued to GK Partners ApS (“GK Partners”), a private investor located in Denmark, for financial services, a warrant to purchase 6,000,000 1.00 EKIMAS CORPORATION NOTES TO FINANCIAL STATEMENTS June 30, 2022 (UNAUDITED) 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 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.

Interim Financial Statements an

Interim Financial Statements and Basis of Presentation	3 Months Ended
	Jun. 30, 2022
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 months ended June 30, 2022 and cash flows for the three months ended June 30, 2022 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, 2022 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, 2022 which are included in our Annual Report on Form 10-K as filed with the SEC on June 28, 2022.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Jun. 30, 2022
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. EKIMAS CORPORATION NOTES TO FINANCIAL STATEMENTS June 30, 2022 (UNAUDITED)

Related Party Transactions

Related Party Transactions	3 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
Related Party Transactions	5. Related Party Transactions Mr. Michael Adams, our former chief executive officer, was a non-employee consultant and holder of less than 1.0% 0 25,000 0 6,000 During the three months ended June 30, 2022, Mr. Yankowitz, our chief executive officer and sole director, was affiliated with legal counsel who provided us with general legal services (the “Affiliate”). During the three months ended June 30, 2022, we recorded legal fees for services incurred of approximately $ 6,000 6,000 11,000 12,000

Transaction Fee

Transaction Fee	3 Months Ended
	Jun. 30, 2022
Transaction Fee
Transaction Fee	6. Transaction Fee On May 20, 2021, we received a $ 22,000

Loss Per Share

Loss Per Share	3 Months Ended
	Jun. 30, 2022
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. During the three months ended June 30, 2022, the 6,000,000 no

Income Taxes

Income Taxes	3 Months Ended
	Jun. 30, 2022
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. EKIMAS CORPORATION NOTES TO FINANCIAL STATEMENTS June 30, 2022 (UNAUDITED) 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	3 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Stockholders’ Equity	9. Stockholders’ Equity Preferred Stock We have authorized 5,000,000 0.001 500,000 500,000 no Common Stock 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 purchase of a total of 5,114,475 400,000 The sale of the first tranche of 21,136,250 4,434,240 25,570,490 51.8% Pursuant to the SPA, the Company effectuated a 1-for 50 422,725 4,691,750 5,114,475 90% EKIMAS CORPORATION NOTES TO FINANCIAL STATEMENTS June 30, 2022 (UNAUDITED) The cumulative purchase price for both tranches of shares of our common stock was $ 400,000 200,000 100,000 100,000 200,000 100,000 200,000 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. Warrant On April 11, 2022, effective April 1, 2022, we issued to GK Partners ApS, a private investor located in Denmark, for financial services, a warrant to immediately purchase up to 6,000,000 1.00 In determining the fair value of the Warrant, we used the Black-Scholes pricing model having the following assumptions: (i) stock option exercise price of $ 1.00 1.22 0.83 203% 0.0% 2.44% 5,010,000 The aggregate intrinsic value totalled $ 1,500,000 1.25 Treasury Stock and Other Transactions In June 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. EKIMAS CORPORATION NOTES TO FINANCIAL STATEMENTS June 30, 2022 (UNAUDITED)

Stock Options

Stock Options	3 Months Ended
	Jun. 30, 2022
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 9,000

Legal Proceedings

Legal Proceedings	3 Months Ended
	Jun. 30, 2022
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.

Subsequent Events

Subsequent Events	3 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	12. Subsequent Events 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 we did not have any other material recognizable subsequent events.

Business Description (Details N

Business Description (Details Narrative) - USD ($)	Mar. 15, 2022	Mar. 11, 2022	Mar. 11, 2022	Oct. 12, 2021	Jan. 31, 2020
Reddington Partners LLC [Member]
Reverse stock split		1-for 50
Asset Purchase Agreement [Member]
Purchase price of asset					$ 7,250,000
Stock Purchase Agreement [Member] | Reddington Partners LLC [Member]
Number of shares of common stock				5,114,475
Total cash consideration				$ 400,000
Stock Purchase Agreement [Member] | Common Stock [Member] | Reddington Partners LLC [Member]
Number of shares of common stock				5,114,475
Percentage of outstanding common stock	90%			90%
Total cash consideration				$ 400,000
Security Purchase Agreement [Member]
Number of shares of common stock	5,114,475		422,725
Reverse stock split		1-for 50
Common stock outstanding percentage	90%
Security Purchase Agreement [Member] | Second Closing [Member]
Number of shares of common stock	4,691,750

Liquidity and Going Concern (De

Liquidity and Going Concern (Details Narrative) - USD ($)			3 Months Ended
	Mar. 15, 2022	Oct. 12, 2021	Jun. 30, 2022	Jun. 30, 2021	Apr. 11, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Net income loss			$ 5,035,000	$ 47,000
Cash flow from operating activities			60,000	79,000
Warrant or right outstanding					6,000,000
Exercise price per share					$ 1
Reddington Partners LLC [Member] | Stock Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares issued		5,114,475
Total cash consideration		$ 400,000
Common Stock [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Net income loss
Common Stock [Member] | Reddington Partners LLC [Member] | Stock Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares issued		5,114,475
Percentage of outstanding common stock	90%	90%
Total cash consideration		$ 400,000

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022
Michael Adams [Member]
Related Party Transaction [Line Items]
Consulting fees	$ 0	$ 25,000
Operating costs and expenses	$ 0	$ 6,000
Michael Adams [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Percentage of outstanding common stock	1%
Mr. Yankowitz [Member]
Related Party Transaction [Line Items]
Legal Fees	$ 6,000
Fees offset	6,000
Payable to related party	$ 11,000		$ 12,000

Transaction Fee (Details Narrat

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

Loss Per Share (Details Narrati

Loss Per Share (Details Narrative) - shares	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Anti dilutive shares	0	0
Warrant [Member] | G K Partners As P [Member]
Anti dilutive shares	6,000,000

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income tax credites	$ 0	$ 0
Effective income tax rate	27%	27%

Stockholders_ Equity (Details N

Stockholders’ Equity (Details Narrative)				3 Months Ended
	Mar. 15, 2022 USD ($) shares	Mar. 11, 2022 USD ($)	Oct. 12, 2021 USD ($) shares	Jun. 30, 2022 USD ($) $ / shares shares	Jun. 30, 2021 USD ($) shares	Apr. 11, 2022 $ / shares shares	Mar. 31, 2022 $ / shares shares	Mar. 12, 2022 USD ($) shares	Jun. 30, 2004 shares	Jun. 30, 2001 shares
Class of Stock [Line Items]
Preferred stock shares authorized				5,000,000			5,000,000
Preferred stock, par value | $ / shares				$ 0.001			$ 0.001
Preferred stock, shares issued and redeemed				500,000
Preferred stock, shares issued				0			0
Class of Warrant or Right, Outstanding						6,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares						$ 1
Fair market value | $ / shares				$ 1.22
Stock based compensation | $				$ 5,010,000
Intrinsic value | $				$ 1,500,000
Fair value | $ / shares				$ 1.25
Measurement Input, Exercise Price [Member]
Class of Stock [Line Items]
Interest rate | $ / shares				1
Measurement Input, Expected Term [Member]
Class of Stock [Line Items]
Expected term				9 months 29 days
Measurement Input, Option Volatility [Member]
Class of Stock [Line Items]
Interest rate				2.03
Measurement Input Dividend Rate [Member]
Class of Stock [Line Items]
Interest rate				0
Measurement Input, Risk Free Interest Rate [Member]
Class of Stock [Line Items]
Interest rate				0.0244
Stock Repurchase Program [Member]
Class of Stock [Line Items]
Number of shares authorized for repurchase				251,379					500,000	250,000
Number of shares remaining to be repurchase				498,621
Stock repurchased shares				0	0
Reddington Partners LLC [Member]
Class of Stock [Line Items]
Reverse stock split		1-for 50
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]
Class of Stock [Line Items]
Accrued and unpaid liabilities | $								$ 100,000
Reddington Partners LLC [Member] | Second Closing Date [Member]
Class of Stock [Line Items]
Accrued and unpaid liabilities | $	100,000
Proceeds from related party | $	$ 200,000
Reddington Partners LLC [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Class of Stock [Line Items]
Number of shares issued			21,136,250
Investment owned balance shares								422,725
Reddington Partners LLC [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Class of Stock [Line Items]
Number of shares issued	4,691,750
Investment owned balance shares	5,114,475
Reddington Partners LLC [Member] | Stock Purchase Agreement [Member]
Class of Stock [Line Items]
Number of shares issued			5,114,475
Cash consideration | $			$ 400,000
Reddington Partners LLC [Member] | Stock Purchase Agreement [Member] | Common Stock [Member]
Class of Stock [Line Items]
Number of shares issued			5,114,475
Cash consideration | $			$ 400,000
Outstanding common stock	90%		90%
Reddington Partners LLC [Member] | Voting Agreement [Member]
Class of Stock [Line Items]
Number of shares issued			4,434,240
Investment owned balance shares			25,570,490
Outstanding common stock			51.80%
Series A Junior Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock shares authorized				500,000
Preferred stock, shares issued				0			0

Stock Options (Details Narrativ

Stock Options (Details Narrative) - 2017 Non-Qualified Equity Incentive Plan [Member] - shares		16 Months Ended
	Aug. 14, 2017	Dec. 13, 2018	Jun. 30, 2022	Mar. 31, 2022	Mar. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options outstanding			0	0
Number of shares available to grant				9,000	9,000
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
Board Of Directors [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares exercised options to purchase	7,000,000