Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Dec. 31, 2019 | Jan. 22, 2020 | |
Details | ||
Registrant CIK | 0001182737 | |
Fiscal Year End | --03-31 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Dec. 31, 2019 | |
Document Transition Report | false | |
Entity File Number | 000-501191 | |
Entity Registrant Name | Dakota Territory Resource Corp | |
Entity Incorporation, State or Country Code | NV | |
Entity Tax Identification Number | 98-0201259 | |
Entity Address, Address Line One | 10580 N. McCarran Blvd. | |
Entity Address, Address Line Two | Building 115-208 | |
Entity Address, City or Town | Reno | |
Entity Address, State or Province | NV | |
Entity Address, Postal Zip Code | 89503 | |
Entity Address, Address Description | Address of principal executive offices | |
City Area Code | 775 | |
Local Phone Number | 747-0667 | |
Phone Fax Number Description | Registrant’s telephone number, including area code | |
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 | false | |
Entity Common Stock, Shares Outstanding | 65,416,787 | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | Q3 |
Balance Sheets (Unaudited)
Balance Sheets (Unaudited) - USD ($) | Dec. 31, 2019 | Mar. 31, 2019 |
Current Assets | ||
Cash and cash equivalents | $ 27,121 | $ 152,590 |
Prepaid Expense and Other Assets, Current | 70,427 | 8,851 |
Total current assets | 97,548 | 161,441 |
Mineral Properties, Net | 216,104 | 216,104 |
Total assets | 313,652 | 377,545 |
LIABILITIES AND SHAREHOLDERS' (DEFICIT) EQUITY | ||
Accounts Payable and Accrued Liabilities, Current | 265,210 | 325,896 |
Accounts payable, related party | 1,870,410 | 1,600,659 |
Line of credit | 31,416 | 35,165 |
Note payable to related party | 325,645 | 325,645 |
Liabilities, Current | 2,492,681 | 2,287,365 |
Liabilities | 2,492,681 | 2,287,365 |
Shareholders' deficit: | ||
Preferred Stock | 0 | 0 |
Common Stock, Value, Issued | 65,417 | 63,217 |
Additional paid-in capital | 2,644,130 | 2,391,945 |
Accumulated deficit | (4,888,576) | (4,364,982) |
Total shareholders' deficit | (2,179,029) | (1,909,820) |
Total liabilities and shareholders' deficit | $ 313,652 | $ 377,545 |
Balance Sheets (Unaudited) - Pa
Balance Sheets (Unaudited) - Parenthetical - $ / shares | Dec. 31, 2019 | Mar. 31, 2019 |
Details | ||
Preferred Stock, Par or Stated 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 |
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 300,000,000 | 300,000,000 |
Common Stock, Shares, Issued | 65,416,787 | 59,566,787 |
Common Stock, Shares, Outstanding | 65,416,787 | 59,566,787 |
Statements of Operations (Unaud
Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | |
Operating expenses: | ||||
Exploration costs | $ 23,850 | $ 11,512 | $ 63,008 | $ 33,367 |
General and administrative expenses | 164,773 | 108,117 | 451,233 | 402,776 |
Total operating expenses | 188,623 | 119,629 | 514,241 | 436,143 |
Operating loss | (188,623) | (119,629) | (514,241) | (436,143) |
Other Nonoperating Income (Expense) | ||||
Interest expense | (3,144) | (8,260) | (9,353) | (25,082) |
Total other income (expense) | (3,144) | (8,260) | (9,353) | (25,082) |
Net Income (Loss) | $ (191,767) | $ (127,889) | $ (523,594) | $ (461,225) |
Net loss per share: | ||||
Basic and diluted net loss per common share | $ 0 | $ 0 | $ (0.01) | $ (0.01) |
Basic and diluted weighted-average common shares outstanding | 65,172,222 | 60,616,787 | 63,708,787 | 60,203,332 |
Statements of Changes in Shareh
Statements of Changes in Shareholders' Deficit - USD ($) | Preferred Stock | Common Stock | Additional Paid-in Capital | Retained Earnings | Total |
Equity Balance, Starting at Mar. 31, 2018 | $ 0 | $ 59,567 | $ 1,955,036 | $ (4,384,421) | $ (2,369,818) |
Shares Outstanding, Starting at Mar. 31, 2018 | 0 | 59,566,787 | |||
Stock Issued During Period, Value, Issued for Services | $ 0 | $ 600 | 134,959 | 0 | 135,559 |
Stock Issued During Period, Shares, Issued for Services | 0 | 600,000 | |||
Stock Issued During Period, Value, Other | $ 0 | $ 3,050 | 301,950 | 0 | 305,000 |
Stock Issued During Period, Shares, Other | 0 | 3,050,000 | |||
Net Income (Loss) | $ 0 | $ 0 | 0 | 19,439 | 19,439 |
Shares Outstanding, Ending at Mar. 31, 2019 | 0 | 63,216,787 | |||
Equity Balance, Ending at Mar. 31, 2019 | $ 0 | $ 63,217 | 2,391,945 | (4,364,982) | (1,909,820) |
Stock Issued During Period, Value, Issued for Services | $ 0 | $ 700 | 103,685 | 0 | 104,385 |
Stock Issued During Period, Shares, Issued for Services | 0 | 700,000 | |||
Stock Issued During Period, Value, Other | $ 0 | $ 1,500 | 148,500 | 0 | 150,000 |
Stock Issued During Period, Shares, Other | 0 | 1,500,000 | |||
Net Income (Loss) | $ 0 | $ 0 | 0 | (523,594) | (523,594) |
Shares Outstanding, Ending at Dec. 31, 2019 | 0 | 65,416,787 | |||
Equity Balance, Ending at Dec. 31, 2019 | $ 0 | $ 65,417 | $ 2,644,130 | $ (4,888,576) | $ (2,179,029) |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Net Cash Provided by (Used in) Operating Activities | ||
Net Income (Loss) | $ (523,594) | $ (461,225) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Stock-based compensation | 47,718 | 108,991 |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Prepaid expenses and other assets | (4,909) | (5,529) |
Accounts payable & accrued liabilities | (60,686) | 31,744 |
Accounts payable, related party | 269,751 | 220,313 |
Net cash used in operating activities | (271,720) | (105,706) |
Cash Flows From Investing Activities: | ||
Repayment (Issuance) of note receivable to related party | 0 | 0 |
Debt Extinguishment | 0 | |
Investment in mineral properties | 0 | 0 |
Net cash used in investing activities | 0 | 0 |
Cash flows from financing activities: | ||
Proceeds from the issuance of note payable - related party | 0 | 17,500 |
Proceeds from the issuance of common stock | 150,000 | 75,000 |
Proceeds from (repayments of) line of credit | (3,749) | (1,191) |
Net cash provided by financing activities | 146,251 | 91,309 |
Net increase (decrease) in cash | (125,469) | (14,397) |
Cash and cash equivalents | 152,590 | 19,981 |
Cash and cash equivalents | 27,121 | 5,584 |
Supplemental Disclosure of Cashflow Information | ||
Interest paid | 0 | 0 |
Taxes paid | 0 | 0 |
Supplemental Disclosure of Non cash Investing and Financing Activities | ||
Common stock issued for assets | $ 85,000 | $ 0 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 9 Months Ended |
Dec. 31, 2019 | |
Notes | |
Note 1 - Basis of Presentation | Note 1Basis of Presentation The accompanying unaudited interim financial statements of Dakota Territory Resource Corp. (we, us, our, the Company, the Corporation) have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (SEC), and should be read in conjunction with the audited financial statements and notes thereto contained in our annual report on Form 10-K, for the year ended March 31, 2019 as filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year ended March 31, 2019 as reported in our annual report on Form 10-K, have been omitted. The Companys absence of revenues, recurring losses from operations, and its need for significant additional financing in order to fund its projected loss in 2020 raise substantial doubt about its ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty. |
Note 2 - Related Party Transact
Note 2 - Related Party Transactions | 9 Months Ended |
Dec. 31, 2019 | |
Notes | |
Note 2 - Related Party Transactions | Note 2Related Party Transactions Effective October 1, 2005, we began paying a management consulting fee to Minera Teles Pires Inc., a company controlled by the Chief Geological Officer (CGO) and director of the Company. The agreement provides a fixed fee of $10,000 per month of which $5,000 is paid and the other $5,000 deferred until financing is obtained by us. Additionally, the agreement provides for a payment of $1,500 per month for office rent and expenses. During the nine months ended December 31, 2019, we incurred approximately $103,500 in management fees and rent from Minera Teles Pires Inc. As of December 31, 2019, we owed Minera Teles Pires approximately $929,000 for management fees and out of pocket expenses. Effective February 24, 2012, we began paying consulting fees to Jerikodie, Inc., a company controlled by our CEO, President and a director of the Company. The agreement provides a fixed fee of $9,000 per month plus approved expenses. During the nine months ended December 31, 2019, we incurred approximately $81,000 in consulting fees from Jerikodie, Inc. As of December 31, 2019, we owed Jerikodie, Inc. approximately $710,000 for consulting fees and out of pocket expenses. On March 19, 2013 , the Company entered into an agreement with Wm Chris Mathers to compensate Mr. Mathers as the Companys CFO . Mr. Mathers monthly compensation is $3,000. During the nine months ended December 31, 2019, we incurred $27,000 in cash compensation to Mr. Mathers. As of December 31, 2019, we owed Mr. Mathers $151,000. |
Note 3 - Mineral Properties
Note 3 - Mineral Properties | 9 Months Ended |
Dec. 31, 2019 | |
Notes | |
Note 3 - Mineral Properties | Note 3 Mineral Properties On September 26, 2012, the Company was re-organized with North Homestake Mining Company. With this re-organization, the Company acquired 84 unpatented lode mining claims covering approximately 1,600 acres known as the Blind Gold Property located in the Black Hills of South Dakota. On December 28, 2012, the Company acquired 57 unpatented lode mining claims covering approximately 853 acres known as the West False Bottom Creek and Paradise Gulch Claim Group, the City Creek Claims Group, and the Homestake Paleoplacer Claims Group, all located in the Black Hills of South Dakota. The West False Bottom Creek and Paradise Gulch Claims were contiguous to the Blind Gold Property and have been incorporated into the Blind Gold Property. The purchase price was 1,000,000 restricted common shares valued at $0.15 per share, or $150,000 On February 24, 2014 the Company acquired surface and mineral title to the 26.16 acres of the Squaw and Rubber Neck Lodes that comprise Mineral Survey 1706 in the Black Hills of South Dakota. Located immediately to the north and adjoining the Companys Paleoplacer Property, Mineral Survey 1706 was explored by Homestake Mining Company in the late 1980s. The Company is required to make annual lease payments of $8,000 for a period of 5 years, of which $8,000 was due upon execution of the agreement. The Company has an option to purchase the mineral property for $120,000. On March 3, 2014, the Company completed the acquisition of approximately 565.24 mineral acres in the Northern Black Hills of South Dakota. The acquisition increased our mineral interests in the Homestake District by nearly 23%, to over 3,057 acres. As part of the property acquisition, the Company purchased an additional 64.39 mineral acres located immediately southwest and contiguous to our Paleoplacer Property, including mineral title to the historic Gustin, Minerva and Deadbroke Gold Mines. The three mines were the last of a string of mines that produced ores from fossil gold placers derived from the Homestake Lode and are located at the point where the channel disappears under the cover of younger sedimentary and intrusive rocks approximately one mile north of the Homestake Open Cut source. With this acquisition the Company consolidated and extended the Paleoplacer Property position to a distance extending approximately 3,100 feet along the south to north trend of the channel. The purchase price of the mineral interests was $33,335. On April 5, 2017 the Company acquired options to purchase a combination of surface and mineral titles to 284 acres in the Homestake District of the Northern Black Hills of South Dakota. The acquisition included 61 acres located immediately south and contiguous with our City Creek Property; 82 acres located approximately one half mile south of our Blind Gold Property at the western fringe of the historic Maitland Gold Mine; and 141 acres located immediately north and contiguous to our Homestake Paleoplacer Property. The Company is required to make annual lease payments totaling $20,000 for a period of 5 years, of which $20,000 was due upon execution of the agreement. The Company has an option to purchase the mineral properties for total price of $626,392. As of March 31, 2019 the Company is current on all required annual lease payments. In November 2018, we acquired 42 unpatented lode mining claims covering approximately 718 acres located immediately to the north and adjacent to the Companys City Creek Property. The acquisition was based on recently completed inversion modeling of its geophysical survey data. Through this staking, the City Creek project area was expanded from approximately 449 acres to 1,167 acres and the Companys overall land holdings in the Homestake District were increased from 3,341 acres to approximately 4,059 acres in total. On May 7, 2019, the Company entered into a new five-year Lease with Option to Purchase Agreement for the Squaw and Rubber Neck Lodes that comprise Mineral Survey 1706, which is a key component of the Companys overall Homestake Paleoplacer Property in the Black Hills of South Dakota. On October 1, 2019 we increased our land holdings through the staking of 106 unpatented lode mining claims covering approximately 2,050 acres, near the historic Tinton placer gold camp. The Companys Tinton claim group lies approximately 10 miles west of the Homestake Gold Mine, where sizeable paleoplacer and modern placer gold deposits were derived from the iron-formation hosted gold source. The Tinton Property acquisition increased the Companys already sizeable property portfolio in the Black Hills to over 6,100 acres of brownfields gold exploration property. The Company March 31, December 31, 2019 2019 Capitalized costs $ 216,104 $ 216,104 Accumulated amortization - - Impairment - - Capitalized costs, net $ 216,104 $ 216,104 |
Note 4 - Notes Payable
Note 4 - Notes Payable | 9 Months Ended |
Dec. 31, 2019 | |
Notes | |
Note 4 - Notes Payable | Note 4 Notes Payable Notes Payable to Related Party The Company had 11 notes payable to its President pursuant to advances which had historically been made by the President. The notes were dated between March 2011 and August 2012, were unsecured, ranged in amount from $10,000 to $50,000, and bore interest at 12% per On August 26, 2016, the Company issued a note payable in the amount of On September 15, 2016, the Company issued a note payable in the amount of the purpose of funding ongoing operating expenses. The note bears annual interest of 4% and was due and payable on December 14, 2016 . This loan remains outstanding as of the date of this filing. On August 10, 2018, the Company issued a note payable in the amount of |
Note 5 - Line of Credit
Note 5 - Line of Credit | 9 Months Ended |
Dec. 31, 2019 | |
Notes | |
Note 5 - Line of Credit | Note 5Line of Credit The Company executed a Line of Credit with Wells Fargo Bank in California . The Line of Credit allows the Company to borrow up to $47,500 . The Line of Credit bears interest at 7.75% per annum, is unsecured , and due on demand . The balance on this Line of Credit at December 31, 2019 was approximately $31,400. |
Note 6 - Common Stock
Note 6 - Common Stock | 9 Months Ended |
Dec. 31, 2019 | |
Notes | |
Note 6 - Common Stock | Note 6Common Stock Our authorized capital stock consists of 300,000,000 shares of common stock, with a par value of $0.001 per share, and 10,000,000 preferred shares with a par value of $0.001 per share. During the nine months ended December 31, 2019, we issued 1 million shares to a director for services as a consultant to the Company. During the nine months ended December 31, 2019, the Company sold 1million shares to a charitable trust in the amount of $100,000 . During the nine months ended December 31, 2019, the Company issued 300,000 5-year options with an exercise price of $0.08 per share to an individual for geological services valued at $13,026. During the nine months ended December 31, 2019, the Company issued 500,000 shares of common stock, with a par value of $0.001 per share for cash in the amount of $50,000 and a warrant to purchase up to 500,000 shares of common stock . These warrants expire on December 9, 2020. At December 31, 2019 65,416,787 Common Stock Options and Warrants A summary of the Company's stock option activity and related information for the period ended December 31, 2019 is as follows: Options Price Range Weighted Average Remaining Life (Years) Outstanding March 31, 2019 8,450,000 $ 0.08 6.06 Granted 800,000 0.09 2.31 Cancelled/Expired - - - Exercised - - - Outstanding and exercisable December 31, 2019 9,250,000 $ 0.08 4.64 A summary of the Company's stock warrant activity and related information for the period ended December 31, 2019 is as follows: Warrants Price Range Weighted Average Remaining Life (Years) Outstanding March 31, 2019 3,050,000 $ 0.10 0.75 Granted 500,000 0.10 1.14 Cancelled/Expired (750,000) 0.10 - Exercised - - - Outstanding and exercisable September 30, 2019 2,800,000 $ $ 0.10 0.25 |
Note 3 - Mineral Properties_ Sc
Note 3 - Mineral Properties: Schedule of Exploratory Program (Tables) | 9 Months Ended |
Dec. 31, 2019 | |
Tables/Schedules | |
Schedule of Exploratory Program | March 31, December 31, 2019 2019 Capitalized costs $ 216,104 $ 216,104 Accumulated amortization - - Impairment - - Capitalized costs, net $ 216,104 $ 216,104 |
Note 6 - Common Stock_ Schedule
Note 6 - Common Stock: Schedule of Share-based Compensation, Stock Options, Activity (Tables) | 9 Months Ended |
Dec. 31, 2019 | |
Tables/Schedules | |
Schedule of Share-based Compensation, Stock Options, Activity | Options Price Range Weighted Average Remaining Life (Years) Outstanding March 31, 2019 8,450,000 $ 0.08 6.06 Granted 800,000 0.09 2.31 Cancelled/Expired - - - Exercised - - - Outstanding and exercisable December 31, 2019 9,250,000 $ 0.08 4.64 |
Note 6 - Common Stock_ Schedu_2
Note 6 - Common Stock: Schedule of Share-based Compensation, Warrants, Activity (Tables) | 9 Months Ended |
Dec. 31, 2019 | |
Tables/Schedules | |
Schedule of Share-based Compensation, Warrants, Activity | Warrants Price Range Weighted Average Remaining Life (Years) Outstanding March 31, 2019 3,050,000 $ 0.10 0.75 Granted 500,000 0.10 1.14 Cancelled/Expired (750,000) 0.10 - Exercised - - - Outstanding and exercisable September 30, 2019 2,800,000 $ $ 0.10 0.25 |
Note 2 - Related Party Transa_2
Note 2 - Related Party Transactions (Details) | 9 Months Ended |
Dec. 31, 2019 | |
Transaction #1 | |
Related Party Transaction, Date | Oct. 1, 2005 |
Related Party Transaction, Description of Transaction | we began paying a management consulting fee to Minera Teles Pires Inc. |
Transaction #2 | |
Related Party Transaction, Date | Feb. 24, 2012 |
Related Party Transaction, Description of Transaction | we began paying consulting fees to Jerikodie, Inc. |
Transaction #3 | |
Related Party Transaction, Date | Mar. 19, 2013 |
Related Party Transaction, Description of Transaction | Company entered into an agreement with Wm Chris Mathers to compensate Mr. Mathers as the Company’s CFO |
Note 3 - Mineral Properties_ _2
Note 3 - Mineral Properties: Schedule of Exploratory Program (Details) - USD ($) | Dec. 31, 2019 | Mar. 31, 2019 |
Details | ||
Capitalized costs | $ 216,104 | $ 216,104 |
Accumulated amortization | 0 | 0 |
Impairment | 0 | 0 |
Capitalized costs, net | $ 216,104 | $ 216,104 |
Note 4 - Notes Payable_ Notes P
Note 4 - Notes Payable: Notes Payable to Related Party (Details) | 9 Months Ended |
Dec. 31, 2019USD ($) | |
Note issued on August 26, 2016 | |
Debt Instrument, Issuance Date | Aug. 26, 2016 |
Debt Instrument, Description | Company issued a note payable in the amount of |
Debt Instrument, Face Amount | $ 25,000 |
Debt Instrument, Interest Rate, Stated Percentage | 3.00% |
Debt Instrument, Payment Terms | was due and payable on |
Debt Instrument, Maturity Date | Oct. 26, 2016 |
Note issued on September 15, 2016 | |
Debt Instrument, Issuance Date | Sep. 15, 2016 |
Debt Instrument, Description | Company issued a note payable in the amount of |
Debt Instrument, Face Amount | $ 30,000 |
Debt Instrument, Interest Rate, Stated Percentage | 4.00% |
Debt Instrument, Payment Terms | was due and payable on |
Debt Instrument, Maturity Date | Dec. 14, 2016 |
Note issued on August 10, 2018 | |
Debt Instrument, Issuance Date | Aug. 10, 2018 |
Debt Instrument, Description | Company issued a note payable in the amount of |
Debt Instrument, Face Amount | $ 20,500 |
Note 5 - Line of Credit (Detail
Note 5 - Line of Credit (Details) | 9 Months Ended |
Dec. 31, 2019USD ($) | |
Details | |
Line of Credit Facility, Description | Company executed a Line of Credit with Wells Fargo Bank in California |
Line of Credit Facility, Maximum Borrowing Capacity | $ 47,500 |
Line of Credit Facility, Interest Rate During Period | 7.75% |
Line of Credit Facility, Collateral | unsecured |
Line of Credit Facility, Covenant Terms | due on demand |
Note 6 - Common Stock (Details)
Note 6 - Common Stock (Details) - USD ($) | 9 Months Ended | |
Dec. 31, 2019 | Mar. 31, 2019 | |
Common Stock, Shares Authorized | 300,000,000 | 300,000,000 |
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 |
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Common Stock, Shares, Issued | 65,416,787 | 59,566,787 |
Transaction #1 | ||
Sale of Stock, Description of Transaction | we issued 1 million shares to a director for services | |
Stock Issued During Period, Shares, New Issues | 1,000,000 | |
Transaction #2 | ||
Sale of Stock, Description of Transaction | Company sold 1million shares to a charitable trust | |
Stock Issued During Period, Shares, New Issues | 1,000,000 | |
Stock Issued | $ 100,000 | |
Transaction #3 | ||
Sale of Stock, Description of Transaction | Company issued 300,000 5-year options with an exercise price of $0.08 per share | |
Transaction #4 | ||
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | |
Sale of Stock, Description of Transaction | Company issued 500,000 shares of common stock, with a par value of $0.001 per share for cash in the amount of $50,000 and a warrant to purchase up to 500,000 shares of common stock | |
Stock Issued During Period, Shares, New Issues | 500,000 |
Note 6 - Common Stock_ Schedu_3
Note 6 - Common Stock: Schedule of Share-based Compensation, Stock Options, Activity (Details) | 9 Months Ended |
Dec. 31, 2019$ / sharesshares | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Beginning Balance | 8,450,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Beginning Balance | $ / shares | $ 0.08 |
Share-based compensation arrangement by share-based payment award, Options outstanding, Weighted Average Remaining Life in Years | 6.06 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 800,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period | 0 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | 0 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance | 9,250,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance | $ / shares | $ 0.08 |
Share-based compensation arrangement by share-based payment award, Options outstanding, Weighted Average Remaining Life in Years | 4.64 |
Note 6 - Common Stock_ Schedu_4
Note 6 - Common Stock: Schedule of Share-based Compensation, Warrants, Activity (Details) | 9 Months Ended |
Dec. 31, 2019$ / sharesshares | |
Share-based Compensation Arrangement by Share-based Payment Award, Warrants, Outstanding, Number | 3,050,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Warrants, Weighted Average Grant Date Fair Value, Beginning Balance | $ / shares | $ 0.10 |
Share-based compensation arrangement by share-based payment award,Warrants, Weighted Average Remaining Life in Years, Starting Balance | 0.75 |
Share-based Compensation Arrangement by Share-based Payment Award, Warrants, Granted | 500,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Warrants, Expirations | (750,000) |
Share-based Compensation Arrangement by Share-based Payment Award, Warrants, Exercised | 0 |
Share-based Compensation Arrangement by Share-based Payment Award, Warrants, Outstanding, Number | 2,800,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Warrants, Weighted Average Grant Date Fair Value, Ending Balance | $ / shares | $ 0.10 |
Share-based compensation arrangement by share-based payment award,Warrants, Weighted Average Remaining Life in Years, Ending Balance | 0.25 |