Appgate (APGT) 10-K 23 Jun 15 2015 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Mar. 31, 2015	Jun. 22, 2015	Sep. 30, 2014
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Mar. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Entity Registrant Name	NEWTOWN LANE MARKETING INC
Entity Central Index Key	1,353,538
Current Fiscal Year End Date	--03-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 0
Trading Symbol	NTWN
Entity Common Stock, Shares Outstanding		13,757,550

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Mar. 31, 2015	Mar. 31, 2014
Current Assets
Cash and cash equivalents	$ 34,490	$ 24,086
Prepaid assets	3,125	2,791
TOTAL CURRENT ASSETS	37,615	26,877
CURRENT LIABILITIES
Accounts payable and accrued expenses	20,651	10,431
Convertible notes payable - Related Party	172,000	0
TOTAL CURRENT LIABILITIES	192,651	10,431
Long term convertible note payable - Related Party	0	100,000
Total liabilities	192,651	110,431
COMMITMENTS AND CONTINGENCIES	0	0
STOCKHOLDERS' DEFICIT
Preferred stock, $0.001 par value, 1,000,000 shares authorized, none issued and outstanding	0	0
Common stock, $0.001 par value; 100,000,000 shares authorized, 13,757,550 shares issued and outstanding, respectively	13,758	13,758
Additional paid-in capital	2,045,756	2,037,095
Accumulated deficit	(2,214,550)	(2,134,407)
TOTAL STOCKHOLDERS' DEFICIT	(155,036)	(83,554)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 37,615	$ 26,877

BALANCE SHEETS _Parenthetical_

BALANCE SHEETS [Parenthetical] - $ / shares	Mar. 31, 2015	Mar. 31, 2014
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	13,757,550	13,757,550
Common stock, shares outstanding	13,757,550	13,757,550

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Expenses
Selling, general and administrative	$ 72,673	$ 74,053
Interest expense, net	7,470	4,431
Total expenses	80,143	78,484
Other Income
Debt Settlement	0	17,664
Total other income	0	17,664
Net loss before provision for income	(80,143)	(60,820)
Income taxes	0	0
Net loss	$ (80,143)	$ (60,820)
Net loss per share - basic and diluted (in dollors per share)	$ (0.01)	$ (0.01)
Weighted average shares outstanding - basic and diluted (in shares)	13,757,550	13,757,550

STATEMENT OF CHANGES IN STOCKHO

STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($)	Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]
Balances at Mar. 31, 2013	$ (27,123)	$ 0	$ 13,758	$ 2,032,706	$ (2,073,587)
Balances (in shares) at Mar. 31, 2013		0	13,757,550
Equity based compensation	4,389	$ 0	$ 0	4,389	0
Net loss	(60,820)	0	0	0	(60,820)
Balances at Mar. 31, 2014	(83,554)	$ 0	$ 13,758	2,037,095	(2,134,407)
Balances (in shares) at Mar. 31, 2014		0	13,757,550
Equity based compensation	3,661	$ 0	$ 0	3,661	0
Contributed Services	5,000	0	0	5,000	0
Net loss	(80,143)	0	0	0	(80,143)
Balances at Mar. 31, 2015	$ (155,036)	$ 0	$ 13,758	$ 2,045,756	$ (2,214,550)
Balances (in shares) at Mar. 31, 2015		0	13,757,550

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (80,143)	$ (60,820)
Adjustments to reconcile net loss to cash used in operating activities:
Equity based compensation	3,661	4,389
Contributed Services	5,000	0
Debt Settlement	0	17,629
Changes in operating assets and liabilities:
Increase in prepaid assets	(334)	(2,791)
Increase (decrease) in accounts payable and accruals	10,220	(44,131)
NET CASH USED IN OPERATING ACTIVITIES	(61,596)	(85,724)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of convertible notes payable	72,000	100,000
NET CASH PROVIDED BY FINANCING ACTIVITIES	72,000	100,000
DISCONTINUED OPERATIONS
NET INCREASE IN CASH AND CASH EQUIVALENTS	10,404	14,276
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	24,086	9,810
CASH AND CASH EQUIVALENTS AT END OF YEAR	34,490	24,086
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION
Interest paid	0	0
Income taxes	$ 0	$ 0

DESCRIPTION OF COMPANY

DESCRIPTION OF COMPANY	12 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation Of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE 1 - DESCRIPTION OF COMPANY Newtown Lane Marketing, Incorporated (“we”, “our”, “us” or “Newtown”) was incorporated in Delaware on September 26, 2005. We previously held the exclusive license to exploit the Dreesen's Donut Brand in the United States with the exception of the states of Florida and Pennsylvania, and in Suffolk County, New York, which Dreesen retained for itself. In August 2007 there was a change in control, as detailed below, and we discontinued our efforts to promote the Dreesen's Donut Brand at that time. The license from Dreesen expired on December 31, 2007. EQUITY TRANSACTIONS On August 8, 2007 (the “Effective Date”), we entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Moyo Partners, LLC, a New York limited liability company (“Moyo”) and R&R Biotech Partners, LLC, a Delaware limited liability company (“R&R” collectively with Moyo, the “Purchasers”), pursuant to which we sold to them, in the aggregate, approximately, four million four hundred seventy nine thousand two hundred fifty ( 4,479,250 0.001 500 ) 14,820 600,000 On the Effective Date: (i) the Purchasers acquired control of Newtown, with (a) R&R acquiring nine million five hundred nine thousand four hundred forty ( 9,509,440 400 5,928,000 72 2,377,360 100 1,481,510 18 960,000 479,811 274,200 625,030 On the Effective Date: (i) Arnold P. Kling was appointed to our Board of Directors (“Board”) and served together with Vincent J. McGill, a then current director who continued to serve until August 20, 2007, the effective date of his resignation from our Board; (ii) all of our then officers and directors, with the exception of Mr. McGill, resigned from their respective positions with us; (iii) our Board appointed Mr. Kling as president and Kirk M. Warshaw as chief financial officer and secretary; and (iv) we relocated our then headquarters to Chatham, New Jersey. Following Mr. McGill’s resignation from our Board on August 20, 2007, Mr. Kling became our sole director and president. THE COMPANY TODAY Since the Effective Date, our main purpose has been to serve as a vehicle to acquire an operating business and we are currently considered a “shell” company in as much as we are not generating revenues, do not own an operating business, and have no specific plan other than to engage in a merger or acquisition transaction with a yet-to-be identified operating company or business. Our principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with an operating business rather than immediate, short-term earnings. We will not restrict our potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business. The analysis of new business opportunities will be undertaken by or under the supervision of our officers and directors. We have no employees and no material assets.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Newtown’s accounting policies are in accordance with accounting principles generally accepted in the United States of America. Outlined below are those policies considered particularly significant. (a) Going Concern: The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplates Newtown continuing as a going concern. Our purpose has been to serve as a vehicle to acquire an operating business and we are currently considered a “shell” company inasmuch as we are not generating revenues, we do own an operating business, and have no specific plan other than to engage in a merger or acquisition transaction with a yet-to-be-identified operating company or business. We currently have no definitive agreements or understandings with any prospective business combination candidates and there are no assurances that we will find a suitable business with which to combine. The implementation of our business objectives is wholly contingent upon a business combination and/or the successful sale of our securities. We intend to utilize the proceeds of any offering, any sales of equity securities or debt securities, bank and other borrowings or a combination of those sources to effect a business combination with a target business which we believe may have significant growth potential. While we may, under certain circumstances, seek to effect business combinations with more than one target business, unless additional financing is obtained, we will not have sufficient proceeds remaining after an initial business combination to undertake additional business combinations. There is no assurance that these plans will be realized in whole or in part. The financial statements do not include any adjustments that might result from the outcome these uncertainties. Since inception, Newtown has incurred an accumulated deficit of $ 2,214,550 80,143 60,820 (b) Use of Estimates: In preparing financial statements in accordance with accounting principles generally accepted in the United States of America, management makes certain estimates and assumptions, where applicable, that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. While actual results could differ from those estimates, management does not expect such variances, if any, to have a material effect on the financial statements. (c) Statements of Cash Flows: For purposes of the statements of cash flows Newtown considers all highly liquid investments purchased with a remaining maturity of three months or less to be cash equivalents. (d) Loss per Common Share: The Financial Accounting Standards Board (FASB) has issued accounting guidance “Earnings Per Share” that provides for the calculation of “Basic” and “Diluted” earnings per share. Basic earnings per share include no dilution and is computed by dividing the loss to common stockholders by the weighted average number of common shares outstanding for the period. All potentially dilutive securities have been excluded from the computations since they would be antidilutive. However, these dilutive securities could potentially dilute earnings per share in the future. As of March 31, 2015, we had a total of 886,990 (e) Income Taxes: The asset and liability method is used in accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for operating loss and tax credit carry forwards and for the future tax consequences attributable 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 are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is recorded to reduce the carrying amounts of deferred tax assets unless it is more likely than not that such assets will be realized. (f) Financial Instruments: The estimated fair values of all reported assets and liabilities which represent financial instruments, none of which are held for trading purposes, approximate their carrying value because of the short term maturity of these instruments or the stated interest rates are indicative of market interest rates. Equity Based Compensation: We adopted the FASB accounting guidance for share based payment transactions. This standard requires us to measure the cost of employee services received in exchange for equity share options granted based on the grant-date fair value of the options and applies to all outstanding and vested stock-based awards. In computing the impact, the fair value of each option is estimated on the date of grant based on the Black-Scholes options-pricing model utilizing certain assumptions for a risk free interest rate; volatility; and expected remaining lives of the awards. The assumptions used in calculating the fair value of share-based payment awards represent management’s best estimates, but these estimates involve inherent uncertainties and the application of management judgment. As a result, if factors change and we use different assumptions, our stock-based compensation expense could be materially different in the future. In addition, we are required to estimate the expected forfeiture rate and only recognize expense for those shares expected to vest. In estimating our forfeiture rate, we analyzed our historical forfeiture rate, the remaining lives of unvested options, and the amount of vested options as a percentage of total options outstanding. If our actual forfeiture rate is materially different from its estimate, or if we reevaluate the forfeiture rate in the future, the stock-based compensation expense could be significantly different from what we have recorded in the current period. The cost is recognized as compensation expense over the vesting period of the options. The compensation cost included in operating expenses was $ 3,661 4,389 The accounting guidance requires the use of a valuation model to calculate the fair value of each stock-based award. We use the Black-Scholes model to estimate the fair value of stock options granted based on the following assumptions: Year Ended Year Ended Dividends per year 0 0 Volatility percentage 200.0 % 200.0 % Risk free interest rate 2.80 % 2.80 % Expected life (years) 7-10 7-10 Weighted Average Fair Value $0.002- $0.02 $0.002-$0.02 (h) New Accounting Pronouncements Except as set forth below, management does not believe that any other new accounting pronouncements not yet effective will have a material impact on our financial statements once adopted. In August 2014, the FASB issued Accounting Standards Update “ASU” 2014-15 on “Presentation of Financial Statements Going Concern (Subtopic 205-40) – Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”. Currently, there is no guidance in U.S. GAAP about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern or to provide related footnote disclosures. The amendments in this Update provide that guidance. In doing so, the amendments are intended to reduce diversity in the timing and content of footnote disclosures. The amendments require management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. Specifically, the amendments (1) provide a definition of the term substantial doubt, (2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the mitigating effect of management’s plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated, and (6) require an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The amendments in this update are effective for public and nonpublic entities for annual periods ending after December 15, 2016. Early adoption is permitted.

OTHER INCOME

OTHER INCOME	12 Months Ended
	Mar. 31, 2015
Other Income and Expenses [Abstract]
Other Income and Other Expense Disclosure [Text Block]	NOTE 3 – OTHER INCOME During the fiscal year ended March 31, 2014, we recognized $ 17,664

STOCKHOLDERS' DEFICIT

STOCKHOLDERS' DEFICIT	12 Months Ended
	Mar. 31, 2015
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	NOTE 4 - STOCKHOLDERS’ DEFICIT On May 9, 2007, an employee and two officers transferred 500,000 166,670 19,000 On the Effective Date, we entered into and closed the Purchase Agreement with the Purchasers, pursuant to which we sold to them, in the aggregate approximately, four million four hundred seventy nine thousand two hundred fifty ( 4,479,250 500 ) 14,820 600,000 On the Effective Date: (i) the Purchasers acquired control of Newtown, with (a) R&R acquiring nine million five hundred nine thousand four hundred forty ( 9,509,440 400 5,928,000 72 2,377,360 100 1,481,510 18 479,811 274,200 625,030 On October 19, 2007, we put into effect an amendment to our Certificate of Incorporation to increase to 100,000,000 On December 19, 2007, the holders of all the issued and outstanding shares of Series A Preferred Stock elected to convert all of their shares into shares of Common Stock. As a result, the 500 7,407,540 500 .001 On August 29, 2008, we implemented a 1 for 50 reverse stock split (the “Reverse Split”) of the Common Stock. Pursuant to the Reverse Split, each 50 shares of Common Stock issued and outstanding was converted into one share of Common Stock. In December 2008, we sold 550,000 2,000 11,750 On May 6, 2013, Ironbound Partners Fund, LLC (“Ironbound”) acquired 9,509,440 15,000 0.00157737 69.1 available and uncommitted cash, On August 15, 2013, we declared a stock dividend on our outstanding Common Stock for stockholders of record as of August 15, 2013 (the “Record Date”). As a result, all stockholders on the Record Date received nine new shares of Common Stock for each share of Common Stock owned by them as of the that date (the “2013 Stock Dividend”). All share and per share data herein has been retroactively restated to reflect the Reverse Split and the 2013 Stock Dividend, since the 2013 Stock Dividend was in substance a forward stock split. During the year ended March 31, 2015, the Company recorded a $ 5,000 STOCK OPTIONS During the year ended March 31, 2014, we issued 886,990 0.002 0.02 8,050 4,389 3,661 Shares Weighted Weighted Outstanding at March 31, 2013 0 $ 0 0 Granted 886,990 $ 0.009 10 Exercised 0 0 0 Forfeited 0 0 0 Expired 0 0 0 Outstanding at March 31, 2014 886,990 $ 0.009 9.2 Granted 0 0 0 Exercised 0 0 0 Forfeited 0 0 0 Expired 0 0 0 Outstanding at March 31, 2015 886,990 $ 0.009 8.2 Exercisable at March 31, 2015 886,990 Based on the last trade or purchase of Newtown’s shares at a per share price of $ 0.00157737 The 886,990 options issued during the year were issued at an exercise price that was above the market price at the time the options were granted. Total Exercisable Exercise Number Weighted Weighted Number Weighted Weighted $0.00 – .002 520,880 $ 0.002 8.1 520,880 $ 0.002 8.1 $.01 – .02 366,110 0.02 8.8 366,110 0.02 8.2 886,990 886,990

NOTES PAYABLE - RELATED PARTY

NOTES PAYABLE - RELATED PARTY	12 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 5 – NOTES PAYABLE – RELATED PARTY On May 14, 2013, Ironbound loaned $ 100,000 100,000 5.0 On July 25, 2014, we raised gross proceeds of $ 72,000 72,000 5.0 Further, on July 25, 2014, we issued an amended and restated convertible promissory note (the “Amended and Restated Note”) to Ironbound in the principal amount of $ 100,000

INCOME TAXES

INCOME TAXES	12 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 6 – INCOME TAXES March 31, 2015 2014 Deferred tax assets and liabilities consist of the following: Deferred tax assets: Net operating loss carry forwards & capital loss carry forward $ 646,500 $ 623,000 Less valuation allowance (646,500) (623,000) $ - $ - March 31, 2015 2014 Provision for expected federal statutory rate (35) % (35) % Permanent differences – equity based compensation 4 % 2 % Loss for which no benefit is available or a valuation allowance has been recorded 31 % 33 % — % — % At March 31, 2015, Newtown had approximately $ 1,823,000 2030 25,000 2026 23,500

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 7 – COMMITMENTS AND CONTINGENCIES Effective January 1, 2009 500 March 31, 2014 During the year ended March 31, 2015, the Company recorded a $ 5,000

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
Schedule of Subsequent Events [Text Block]	NOTE 8 – SUBSEQUENT EVENTS We have evaluated all subsequent events and determined that there were no subsequent events to recognize or disclose in these financial statements.

SUMMARY OF SIGNIFICANT ACCOUN15

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Liquidity Disclosure [Policy Text Block]	(a) Going Concern: The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplates Newtown continuing as a going concern. Our purpose has been to serve as a vehicle to acquire an operating business and we are currently considered a “shell” company inasmuch as we are not generating revenues, we do own an operating business, and have no specific plan other than to engage in a merger or acquisition transaction with a yet-to-be-identified operating company or business. We currently have no definitive agreements or understandings with any prospective business combination candidates and there are no assurances that we will find a suitable business with which to combine. The implementation of our business objectives is wholly contingent upon a business combination and/or the successful sale of our securities. We intend to utilize the proceeds of any offering, any sales of equity securities or debt securities, bank and other borrowings or a combination of those sources to effect a business combination with a target business which we believe may have significant growth potential. While we may, under certain circumstances, seek to effect business combinations with more than one target business, unless additional financing is obtained, we will not have sufficient proceeds remaining after an initial business combination to undertake additional business combinations. There is no assurance that these plans will be realized in whole or in part. The financial statements do not include any adjustments that might result from the outcome these uncertainties. Since inception, Newtown has incurred an accumulated deficit of $ 2,214,550 80,143 60,820
Use of Estimates, Policy [Policy Text Block]	(b) Use of Estimates: In preparing financial statements in accordance with accounting principles generally accepted in the United States of America, management makes certain estimates and assumptions, where applicable, that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. While actual results could differ from those estimates, management does not expect such variances, if any, to have a material effect on the financial statements.
Statements Of Cash Flows [Policy Text Block]	(c) Statements of Cash Flows: For purposes of the statements of cash flows Newtown considers all highly liquid investments purchased with a remaining maturity of three months or less to be cash equivalents.
Earnings Per Share, Policy [Policy Text Block]	(d) Loss per Common Share: The Financial Accounting Standards Board (FASB) has issued accounting guidance “Earnings Per Share” that provides for the calculation of “Basic” and “Diluted” earnings per share. Basic earnings per share include no dilution and is computed by dividing the loss to common stockholders by the weighted average number of common shares outstanding for the period. All potentially dilutive securities have been excluded from the computations since they would be antidilutive. However, these dilutive securities could potentially dilute earnings per share in the future. As of March 31, 2015, we had a total of 886,990
Income Tax, Policy [Policy Text Block]	(e) Income Taxes: The asset and liability method is used in accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for operating loss and tax credit carry forwards and for the future tax consequences attributable 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 are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is recorded to reduce the carrying amounts of deferred tax assets unless it is more likely than not that such assets will be realized.
Fair Value of Financial Instruments, Policy [Policy Text Block]	(f) Financial Instruments: The estimated fair values of all reported assets and liabilities which represent financial instruments, none of which are held for trading purposes, approximate their carrying value because of the short term maturity of these instruments or the stated interest rates are indicative of market interest rates.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	(g) Equity Based Compensation: We adopted the FASB accounting guidance for share based payment transactions. This standard requires us to measure the cost of employee services received in exchange for equity share options granted based on the grant-date fair value of the options and applies to all outstanding and vested stock-based awards. In computing the impact, the fair value of each option is estimated on the date of grant based on the Black-Scholes options-pricing model utilizing certain assumptions for a risk free interest rate; volatility; and expected remaining lives of the awards. The assumptions used in calculating the fair value of share-based payment awards represent management’s best estimates, but these estimates involve inherent uncertainties and the application of management judgment. As a result, if factors change and we use different assumptions, our stock-based compensation expense could be materially different in the future. In addition, we are required to estimate the expected forfeiture rate and only recognize expense for those shares expected to vest. In estimating our forfeiture rate, we analyzed our historical forfeiture rate, the remaining lives of unvested options, and the amount of vested options as a percentage of total options outstanding. If our actual forfeiture rate is materially different from its estimate, or if we reevaluate the forfeiture rate in the future, the stock-based compensation expense could be significantly different from what we have recorded in the current period. The cost is recognized as compensation expense over the vesting period of the options. The compensation cost included in operating expenses was $ 3,661 4,389 The accounting guidance requires the use of a valuation model to calculate the fair value of each stock-based award. We use the Black-Scholes model to estimate the fair value of stock options granted based on the following assumptions: Year Ended Year Ended Dividends per year 0 0 Volatility percentage 200.0 % 200.0 % Risk free interest rate 2.80 % 2.80 % Expected life (years) 7-10 7-10 Weighted Average Fair Value $0.002- $0.02 $0.002-$0.02
New Accounting Pronouncements, Policy [Policy Text Block]	(h) New Accounting Pronouncements Except as set forth below, management does not believe that any other new accounting pronouncements not yet effective will have a material impact on our financial statements once adopted. In August 2014, the FASB issued Accounting Standards Update “ASU” 2014-15 on “Presentation of Financial Statements Going Concern (Subtopic 205-40) – Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”. Currently, there is no guidance in U.S. GAAP about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern or to provide related footnote disclosures. The amendments in this Update provide that guidance. In doing so, the amendments are intended to reduce diversity in the timing and content of footnote disclosures. The amendments require management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. Specifically, the amendments (1) provide a definition of the term substantial doubt, (2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the mitigating effect of management’s plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated, and (6) require an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The amendments in this update are effective for public and nonpublic entities for annual periods ending after December 15, 2016. Early adoption is permitted.

SUMMARY OF SIGNIFICANT ACCOUN16

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]	The fair value of the options is estimated on the date of the grant using the Black-Scholes option pricing model with the following assumptions: Year Ended Year Ended Dividends per year 0 0 Volatility percentage 200.0 % 200.0 % Risk free interest rate 2.80 % 2.80 % Expected life (years) 7-10 7-10 Weighted Average Fair Value $0.002- $0.02 $0.002-$0.02

STOCKHOLDERS' DEFICIT (Tables)

STOCKHOLDERS' DEFICIT (Tables)	12 Months Ended
	Mar. 31, 2015
Equity [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	A summary of the common stock option activity for officers and consultants as of March 31, 2015 and for the two years then ended is as follows: Shares Weighted Weighted Outstanding at March 31, 2013 0 $ 0 0 Granted 886,990 $ 0.009 10 Exercised 0 0 0 Forfeited 0 0 0 Expired 0 0 0 Outstanding at March 31, 2014 886,990 $ 0.009 9.2 Granted 0 0 0 Exercised 0 0 0 Forfeited 0 0 0 Expired 0 0 0 Outstanding at March 31, 2015 886,990 $ 0.009 8.2 Exercisable at March 31, 2015 886,990
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]	The following summarizes certain information regarding stock options at March 31, 2015: Total Exercisable Exercise Number Weighted Weighted Number Weighted Weighted $0.00 – .002 520,880 $ 0.002 8.1 520,880 $ 0.002 8.1 $.01 – .02 366,110 0.02 8.8 366,110 0.02 8.2 886,990 886,990

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	March 31, 2015 2014 Deferred tax assets and liabilities consist of the following: Deferred tax assets: Net operating loss carry forwards & capital loss carry forward $ 646,500 $ 623,000 Less valuation allowance (646,500) (623,000) $ - $ -
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	The provision for income taxes differs from the amount computed by applying the US statutory income tax rate as follows: March 31, 2015 2014 Provision for expected federal statutory rate (35) % (35) % Permanent differences – equity based compensation 4 % 2 % Loss for which no benefit is available or a valuation allowance has been recorded 31 % 33 % — % — %

DESCRIPTION OF COMPANY (Details

DESCRIPTION OF COMPANY (Details Textual) - USD ($)	Aug. 08, 2007	May. 09, 2007	Dec. 19, 2007	Mar. 31, 2015	Mar. 31, 2014
Equity Transactions
Convertible Preferred Stock, Shares Issued upon Conversion	100
Stock Issued In Connection With Convertible Notes		$ 14,820
Stock Issued During Period, Shares, Conversion Of Convertible Securities			7,407,540
Common Stock Shares Issued Percentage	18.00%
Convertible Notes Payable	$ 960,000
Convertible Notes Payable Principal and Accrued Interest Amount	479,811
Principal payments made on notes payable	$ 625,030
Common stock, shares issued	9,509,440			13,757,550	13,757,550
Preferred stock, par value				$ 0.001	$ 0.001
Stock Purchase Agreement [Member]
Equity Transactions
Stock Issued During Period, Shares, Conversion Of Convertible Securities	5,928,000
Common Stock Shares Issued Percentage	72.00%
Common Stock [Member]
Equity Transactions
Stock issued	4,479,250
Stock Issued During Period Par Value Per Share New Issues	$ 0.001
Stock Issued In Connection With Convertible Notes	$ 600,000
Stock Issued During Period, Shares, Conversion Of Convertible Securities	14,820
Common stock, shares issued	274,200
Common Stock [Member] | Stock Purchase Agreement [Member]
Equity Transactions
Stock Issued During Period, Shares, Conversion Of Convertible Securities	1,481,510
Common Stock Shares Issued Percentage	18.00%
Series A Preferred Stock [Member]
Equity Transactions
Stock issued	500
Convertible Preferred Stock, Shares Issued upon Conversion	400
Common Stock Shares Issued Percentage	72.00%
Common stock, shares issued	2,377,360
Preferred stock, par value	$ 0.001		$ 0.001

SUMMARY OF SIGNIFICANT ACCOUN20

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - $ / shares	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Dividends per year	$ 0	$ 0
Volatility percentage	200.00%	200.00%
Risk free interest rate	2.80%	2.80%
Maximum [Member]
Expected life (years)	10 years	10 years
Weighted Average Fair Value	$ 0.02	$ 0.02
Minimum [Member]
Expected life (years)	7 years	7 years
Weighted Average Fair Value	$ 0.002	$ 0.002

SUMMARY OF SIGNIFICANT ACCOUN21

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Retained Earnings (Accumulated Deficit)	$ (2,214,550)	$ (2,134,407)
Net Income Loss	$ (80,143)	(60,820)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number	886,990
Share Based Compensation	$ 3,661	$ 4,389

OTHER INCOME (Details Textual)

OTHER INCOME (Details Textual) - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Other Income Expenses [Line Items]
Interest and Other Income	$ 0	$ 17,664

STOCKHOLDERS' DEFICIT (Details)

STOCKHOLDERS' DEFICIT (Details) - $ / shares	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Outstanding - Shares	886,990	0
Granted - Shares	0	886,990
Exercised - Shares	0	0
Forfeited - Shares	0	0
Expired - Shares	0	0
Outstanding - Shares	886,990	886,990
Outstanding - Weighted Average Exercise Price	$ 0.009	$ 0
Granted - Weighted Average Exercise Price	0	0.009
Exercised - Weighted Average Exercise Price	0	0
Forfeited - Weighted Average Exercise Price	0	0
Expired - Weighted Average Exercise Price	0	0
Outstanding - Weighted Average Exercise Price	$ 0.009	$ 0.009
Granted - Weighted Average Remaining Contractual Term (Years)		10 years
Outstanding - Weighted Average Remaining Contractual Term (Years)	8 years 2 months 12 days	9 years 2 months 12 days
Exercisable - Shares	886,990

STOCKHOLDERS' DEFICIT (Details

STOCKHOLDERS' DEFICIT (Details 1) - Mar. 31, 2015 - $ / shares	Total
Total Number Of Shares	886,990
Number Of Exercisable Shares	886,990
Exercise Price Range 0.00 - 0.002 [Member]
Exercise Price Range, Lower Range Limit	$ 0
Exercise Price Range, Upper Range Limit	$ 0.002
Total Number Of Shares	520,880
Total Weighted Average Exercise Price (in dollars per share)	$ 0.002
Total Weighted Average Remaining Life (years)	8 years 1 month 6 days
Number Of Exercisable Shares	520,880
Weighted Average Exercise Price (in dollars per share)	$ 0.002
Weighted Average Remaining Life (years)	8 years 1 month 6 days
Exercise Price Range 0.01 - 0.02 [Member]
Exercise Price Range, Lower Range Limit	$ 0.01
Exercise Price Range, Upper Range Limit	$ 0.02
Total Number Of Shares	366,110
Total Weighted Average Exercise Price (in dollars per share)	$ 0.02
Total Weighted Average Remaining Life (years)	8 years 9 months 18 days
Number Of Exercisable Shares	366,110
Weighted Average Exercise Price (in dollars per share)	$ 0.02
Weighted Average Remaining Life (years)	8 years 2 months 12 days

STOCKHOLDERS' DEFICIT (Detail25

STOCKHOLDERS' DEFICIT (Details Textual) - USD ($)	Aug. 08, 2007	May. 09, 2007	Dec. 31, 2008	Aug. 29, 2008	Dec. 19, 2007	Mar. 31, 2015	Mar. 31, 2014	May. 06, 2013	Oct. 19, 2007
Stock issued transferred for services		500,000
Stock issued for services to founders		$ 19,000				$ 5,000
Stock Issued In Connection With Convertible Notes		$ 14,820
Common Stock Shares Issued Percentage	18.00%
Convertible Notes Payable Principal and Accrued Interest Amount	$ 479,811
Common Stock, Shares, Issued	9,509,440					13,757,550	13,757,550
Principal Payments Made On Notes Payable	$ 625,030
Convertible Preferred Stock, Shares Issued Upon Conversion	100
Common Stock, Shares Authorized						100,000,000	100,000,000		100,000,000
Preferred Stock, Shares Outstanding						0	0
Preferred Stock, Shares Subscribed but Unissued					500
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures			550,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures			$ 2,000
Allocated Share-based Compensation Expense			$ 11,750			$ 3,661	$ 4,389
Share based Compensation Arrangement By Share based Payment Award Options Grants In Period Grant Date Value							$ 8,050
Business Acquisition, Share Price						$ 0.00157737
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross						0	886,990
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price						$ 0	$ 0.009
Preferred Stock, Par Or Stated Value Per Share						$ 0.001	0.001
Stockholders' Equity, Reverse Stock Split				1 for 50
Stock Issued During Period, Shares, Conversion Of Convertible Securities					7,407,540
Minimum [Member]
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price							0.002
Maximum [Member]
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price							$ 0.02
Ironbound Partners Fund LLC [Member]
Business Acquisition Shares Of Acquired Entity								9,509,440
Business Acquisition Cost Of Acquired Entity Purchase Price1								$ 15,000
Business Acquisition, Share Price								$ 0.00157737
Business Acquisition Common Stock Shares Issued and Outstanding Percentage								69.10%
Stock Purchase Agreement [Member]
Common Stock Shares Issued Percentage	72.00%
Stock Issued During Period, Shares, Conversion Of Convertible Securities	5,928,000
Common Stock [Member]
Stock Issued In Connection With Convertible Notes	$ 600,000
Stock issued	4,479,250
Common Stock, Shares, Issued	274,200
Stock Issued During Period, Shares, Conversion Of Convertible Securities	14,820
Common Stock [Member] | Stock Purchase Agreement [Member]
Common Stock Shares Issued Percentage	18.00%
Stock Issued During Period, Shares, Conversion Of Convertible Securities	1,481,510
Third Party [Member]
Stock issued transferred for services		166,670
Series Preferred Stock [Member]
Stock issued	500
Common Stock Shares Issued Percentage	72.00%
Common Stock, Shares, Issued	2,377,360
Convertible Preferred Stock, Shares Issued Upon Conversion	400
Preferred Stock, Shares Outstanding					500
Preferred Stock, Par Or Stated Value Per Share	$ 0.001				$ 0.001

NOTES PAYABLE - RELATED PARTY (

NOTES PAYABLE - RELATED PARTY (Details Textual) - USD ($)	May. 14, 2013	Jul. 25, 2014	Mar. 31, 2015	Mar. 31, 2014
Convertible Notes Payable, Current			$ 172,000	$ 0
Proceeds From Notes Payable			$ 72,000	$ 100,000
Ironbound Partners Fund LLC [Member] | Convertible Promissory Note [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.00%	5.00%
Debt Instrument, Term	2 years
Debt Instrument, Maturity Date		Aug. 31, 2015
Convertible Notes Payable, Current	$ 100,000	$ 72,000
Proceeds From Notes Payable	$ 100,000	72,000
Ironbound Partners Fund LLC [Member] | Amended and Restated Note [Member]
Convertible Notes Payable, Current		$ 100,000

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	Mar. 31, 2015	Mar. 31, 2014
Deferred tax assets:
Net operating loss carry forwards & capital loss carry forward	$ 646,500	$ 623,000
Less valuation allowance	(646,500)	(623,000)
Deferred Tax Assets, Net of Valuation Allowance	$ 0	$ 0

INCOME TAXES (Details 1)

INCOME TAXES (Details 1)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Effective Income tax rate reconciliation [Line Items]
Provision for expected federal statutory rate	(35.00%)	(35.00%)
Permanent differences - equity based compensation	4.00%	2.00%
Loss for which no benefit is available or a valuation allowance has been recorded	31.00%	33.00%
Effective Income Tax Rate Reconciliation, Percent	0.00%	0.00%

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual) - Mar. 31, 2015 - USD ($)	Total
Income Tax expenses benefit [Line Items]
Operating Loss Carryforwards	$ 1,823,000
Operating Loss Carryforwards, Expiration Period	2,030
Capital Loss Carryforwards	$ 25,000
Capital Loss Carryforwards Expiration Period	2,026
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 23,500

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Textual) - USD ($)	May. 09, 2007	Mar. 31, 2015	Mar. 31, 2014
Commitments and contingencies [Line Items]
Stock Issued During Period, Value, Issued for Services	$ 19,000	$ 5,000
Kirk M. Warshaw, LLC [Member]
Commitments and contingencies [Line Items]
Contractual Obligation Effective Date		Jan. 1, 2009
Contractual Obligation Quarterly Payment			$ 500
Contractual Obligation Termination Date		Mar. 31, 2014
Stock Issued During Period, Value, Issued for Services		$ 5,000