Appgate (APGT) 10-Q 13 Aug 21 2021 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Jun. 30, 2021	Aug. 05, 2021
Document Information Line Items
Entity Registrant Name	NEWTOWN LANE MARKETING INC
Document Type	10-Q
Current Fiscal Year End Date	--03-31
Entity Common Stock, Shares Outstanding		14,643,740
Amendment Flag	false
Entity Central Index Key	0001353538
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Jun. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	true
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-52776
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-3547231
Entity Address, Address Line One	405 Lexington Avenue
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10174
Entity Interactive Data Current	Yes
City Area Code	212
Local Phone Number	818-8800

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Jun. 30, 2021	Mar. 31, 2021
Current Assets
Cash	$ 7,228	$ 7,285
TOTAL ASSETS	7,228	7,285
CURRENT LIABILITIES
Accounts payable and accrued expenses	103,159	195,258
Convertible notes payable - Related Party	367,000	367,000
Due to unrelated party	108,936
TOTAL LIABILITIES	579,095	562,258
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ DEFICIT
Preferred stock, $0.001 par value, 1,000,000 shares authorized, none issued and outstanding
Common stock, $0.001 par value; 100,000,000 shares authorized, 14,643,740 shares issued and outstanding, respectively	14,644	14,644
Additional paid-in capital	2,084,482	2,083,232
Accumulated deficit	(2,670,993)	(2,652,849)
TOTAL STOCKHOLDERS’ DEFICIT	(571,867)	(554,973)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$ 7,228	$ 7,285

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parentheticals) - $ / shares	Jun. 30, 2021	Mar. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock par value (in Dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
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	14,643,740	14,643,740
Common stock, shares outstanding	14,643,740	14,643,740

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Expenses
Selling, general and administrative	$ 13,569	$ 10,533
Interest expense, net	4,575	4,326
Total expense	18,144	14,859
Loss before income taxes	(18,144)	(14,859)
Provision for income taxes
Net loss	$ (18,144)	$ (14,859)
Net loss per share - basic and diluted (in Dollars per share)	$ 0	$ 0
Weighted average shares outstanding - basic and diluted (in Shares)	14,643,740	13,757,550

Condensed Statement of Changes

Condensed Statement of Changes in Stockholders’ Deficit - USD ($)	Preferred Stock	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Total
Balance at Mar. 31, 2020		$ 13,758	$ 2,070,756	$ (2,497,169)	$ (412,655)
Balance (in Shares) at Mar. 31, 2020		13,757,550
Contributed services			1,250		1,250
Net Loss				(14,859)	(14,859)
Balance at Jun. 30, 2020		$ 13,758	2,072,006	(2,512,028)	(426,264)
Balance (in Shares) at Jun. 30, 2020		13,757,550
Balance at Mar. 31, 2021		$ 14,644	2,083,232	(2,652,849)	(554,973)
Balance (in Shares) at Mar. 31, 2021		14,643,740
Contributed services			1,250		1,250
Net Loss				(18,144)	(18,144)
Balance at Jun. 30, 2021		$ 14,644	$ 2,084,482	$ (2,670,993)	$ (571,867)
Balance (in Shares) at Jun. 30, 2021		14,643,740

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (18,144)	$ (14,859)
Adjustments to reconcile net loss to cash used in operating activities:
Contributed services	1,250	1,250
Changes in operating assets and liabilities:
Increase (decrease) in accounts payable and accrued expenses	(92,099)	1,537
NET CASH USED IN OPERATING ACTIVITIES	(108,993)	(12,072)
CASH FLOWS FROM FINANCING ACTIVITIES
Due to unrelated party	108,936
NET CASH PROVIDED BY FINANCING ACTIVITIES	108,936
NET CHANGE IN CASH	(57)	(12,072)
CASH AT BEGINNING OF PERIOD	7,285	13,831
CASH AT END OF PERIOD	7,228	1,759
Supplemental disclosures for cash flow information:
Cash paid for interest
Cash paid for income taxes

Description of Company

Description of Company	3 Months Ended
	Jun. 30, 2021
Description of Company [Abstract]
DESCRIPTION OF COMPANY	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. The interim financial information as of June 30, 2021 and for the three month periods ended June 30, 2021 and 2020 have been prepared without audit, pursuant to the rules and regulations of the United States Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although we believe that the disclosures made are adequate to provide for fair presentation. These financial statements should be read in conjunction with the financial statements and the notes thereto, included in our Annual Report on Form 10-K, for the fiscal year ended March 31, 2021, previously filed with the SEC. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of our financial position as of June 30, 2021 and results of operations and cash flows for the three months ended June 30, 2021 and 2020 as applicable, have been made. The results of operations for the three months ended June 30, 2021 are not necessarily indicative of the operating results that may be expected for the full fiscal year or any future periods. RECENT EVENTS On February 8, 2021, the Company entered into an Agreement and Plan of Reorganization (“ Merger Agreement Merger Sub Upon consummation of the Merger (the “Closing”), each share of Appgate’s common stock outstanding on the closing date will be converted into 234,299.84 shares of the Company’s common stock. Additionally, the Company will assume all of Appgate’s obligations under its note issuance agreement (“ Notes Issuance Agreement Convertible Senior Notes “Additional Notes It is estimated that, at the Closing and assuming none of the Convertible Senior Notes or Additional Notes have been converted into shares of the Company’s common stock and not taking into account an equity incentive plan, the current stockholder’s of Appgate will own approximately 89% of the outstanding shares of the Company’s common stock and the current stockholders of the Company will own approximately 11% of the outstanding common stock of the Company. The Merger is expected to be consummated in the second quarter of 2021, subject to the fulfillment of certain closing conditions.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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 not own an operating business, and have no specific plan other than to engage in the merger transaction with Appgate. There is no assurances that we will be able to consummate such transaction. The implementation of our business objectives is wholly contingent upon a business combination. The financial statements do not include any adjustments that might result from the outcome of these uncertainties. Since inception, Newtown has incurred an accumulated deficit of $2,670,993 through June 30, 2021. For the three months ended June 30, 2021 and 2020, Newtown had net losses of $18,144 and $14,859, respectively. Newtown has incurred negative cash flow from operating activities since its inception. Newtown has spent, and subject to obtaining additional financing, expects to continue to spend, substantial amounts in connection with executing its business strategy. These conditions raise substantial doubt about Newtown’s ability to continue as a going concern. Use of Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. The estimates include valuation of deferred taxes and valuation of contributed services. Fair Value of Financial Instruments - Pursuant to the FASB guidance, “Disclosures About Fair Value of Financial Instruments,” we are required to estimate the fair value of all financial instruments included on our balance sheet. We consider the carrying value of accounts payable, accrued expenses, due to unrelated parties and convertible notes in the financial statements to approximate their face value. Statements of Cash Flows - For purposes of the statements of cash flows we consider all highly liquid investments purchased with a remaining maturity of three months or less to be cash equivalents. Loss Per Share - Basic and diluted net loss per common share is computed based upon the weighted average common shares outstanding as defined by FASB ASC No. 260, “Earnings Per Share”. Diluted loss per share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period. For June 30, 2021 and 2020, 0 and 886,190 options outstanding were not included in the computation of loss per share because their inclusion is anti-dilutive. Recent accounting pronouncements - All recent accounting pronouncements issued but not yet effective have been reviewed and determined to be not applicable or is not expected to have a material impact on the Company’s condensed financial statements.

Convertible Notes Payable _ Rel

Convertible Notes Payable – Related Party	3 Months Ended
	Jun. 30, 2021
Convertible Notes Payable Related Party [Abstract]
CONVERTIBLE NOTES PAYABLE – RELATED PARTY	NOTE 3 – CONVERTIBLE NOTES PAYABLE – RELATED PARTY On May 14, 2013, Ironbound loaned $100,000 to us and we issued a convertible promissory note in the principal amount of $100,000 to Ironbound (the “May 2013 Note”). The May 2013 Note was initially issued with a two-year term and bore interest at the rate of 5.0% per annum, payable at maturity. The principal and accrued interest on the May 2013 Note was convertible into shares of Common Stock upon the consummation of a “Fundamental Transaction” (as defined in the May 2013 Note) at the “Conversion Price” (as defined in the May 2013 Note). The May 2013 Note was amended in July 2014 in accordance with the Amended and Restated Note, as described below. On July 25, 2014, we raised gross proceeds of $72,000 in a debt financing transaction with Ironbound and, in connection therewith, issued to Ironbound a convertible promissory note (the “2014 Note”) in the principal amount of $72,000. The 2014 Note has a maturity date of August 31, 2015 and bears interest at the rate of 5.0% per annum, payable at maturity. The principal and accrued interest on the 2014 Note is convertible, at the election of Ironbound, into shares of our Common Stock following the consummation of a “Qualified Financing” (as defined in the 2014 Note), or upon the consummation of a “Fundamental Transaction” (as defined in the 2014 Note) at the “Conversion Price” (as defined in the 2014 Note). Further, on July 25, 2014, we issued an amended and restated convertible promissory note (the “Amended and Restated Note” and together with the 2014 Note, the “Prior Notes”) to Ironbound in the principal amount of $100,000, in substitution for the May 2013 Note. The Amended and Restated Note extended the maturity of the May 2013 Note to August 31, 2015 and provided for the principal and accrued interest on the May 2013 Note to be convertible, at the election of Ironbound, into shares of our Common Stock following the consummation of a “Qualified Financing” (as defined in the May 2013 Note), or upon the consummation of a “Fundamental Transaction” (as defined in the May 2013 Note) at the “Conversion Price” (as defined in the May 2013 Note). The May 2013 Note otherwise remained unchanged. Effective September 1, 2015, the maturity dates of the Prior Notes was extended from August 31, 2015 to August 31, 2016. On October 30, 2015, Mr. Kling resigned from his position as our sole director and from his position as our President. Also on October 30, 2015, Mr. Warshaw resigned from his positions as our Chief Financial Officer and Secretary. Messrs. Kling’s and Warshaw’s resignation were not due to any disagreement with the Company or its management on any matter relating to the Company’s operations, policies or practices. Prior to Mr. Kling’s resignation, our Board of Directors appointed Jonathan J. Ledecky, the managing member of Ironbound, our largest stockholder, to fill the vacancy created by Mr. Kling’s resignation and will assume the role of President of the Company. On December 31, 2015, Ironbound advanced to us an additional $10,000. This amount was subsequently evidenced by a promissory note (the “December 2015 Note”) with the same terms as the Prior Notes. The proceeds of the December 2015 Note was utilized by the Company to fund working capital needs. On April 1, 2016, we issued a convertible promissory note (the “2016 Note”) in the principal amount of $10,000 to Ironbound. The 2016 Note has the same terms as the Prior Notes. The proceeds of the 2016 Note was and will be utilized by the Company to fund working capital needs. On July 15, 2016, we issued a convertible promissory note (the “July 2016 Note”) in the principal amount of $25,000 to Ironbound Partners Fund, LLC. The July 2016 Note has a maturity date of August 31, 2017 and bears interest at the rate of 5.0% per annum, payable at maturity. The principal and accrued interest on the July 2016 Note is convertible, at the election of Ironbound, into shares of the Company’s common stock following the consummation of a “Qualified Financing” (as defined in the July 2016 Note), or upon the consummation of a “Fundamental Transaction” (as defined in the July 2016 Note) at the “Conversion Price” (as defined in the July 2016 Note). The proceeds of the July 2016 Note will be utilized by the Company to fund working capital needs. Effective September 1, 2016, the maturity dates of the Outstanding Notes was extended from August 31, 2016 to August 31, 2017. On February 14, 2017, we issued a convertible promissory note (the “February 2017 Note” and together with the December 2015 Note, the 2016 Note and the July 2016 Note, the “Outstanding Notes”) in the principal amount of $50,000 to Ironbound. The February 2017 Note has a maturity date of August 31, 2017 and bears interest at the rate of 5.0% per annum, payable at maturity. The principal and accrued interest on the February 2017 Note is convertible, at the election of Ironbound, into shares of our common stock following the consummation of a “Qualified Financing” (as defined in the February 2017 Note), or upon the consummation of a “Fundamental Transaction” (as defined in the February 2017 Note) at the “Conversion Price” (as defined in the February 2017 Note). The proceeds of the February 2017 Note will be utilized by the Company to fund working capital needs. Effective September 1, 2017, the maturity dates of the Outstanding Notes was extended from August 31, 2017 to August 31, 2018. In August 2018, the maturity dates of the Outstanding Notes was extended from August 31, 2018 to August 31, 2019. On August 27, 2018, we issued a convertible promissory note (the “August 2018 Note”) in the principal amount of $15,000 to Ironbound. The August 2018 Note has a maturity date of August 31, 2019 and bears interest at the rate of 5.0% per annum, payable at maturity. The principal and accrued interest on the August 2018 Note is convertible, at the election of Ironbound, into shares of our common stock following the consummation of a “Qualified Financing” (as defined in the August 2018 Note), or upon the consummation of a “Fundamental Transaction” (as defined in the August 2018 Note) at the “Conversion Price” (as defined in the August 2018 Note). The proceeds of the August 2018 Note has been and will be utilized by the Company to fund working capital needs. On December 4, 2018, we issued a convertible promissory note (the “December 2018 Note”) in the principal amount of $25,000 to Ironbound. The December 2018 Note has a maturity date of August 31, 2019 and bears interest at the rate of 5.0% per annum, payable at maturity. The principal and accrued interest on the December 2018 Note is convertible, at the election of Ironbound, into shares of the Company’s common stock following the consummation of a “Qualified Financing” (as defined in the December 2018 Note), or upon the consummation of a “Fundamental Transaction” (as defined in the December 2018 Note) at the “Conversion Price” (as defined in the December 2018 Note). The proceeds of the December 2018 Note has been and will be utilized by the Company to fund working capital needs. Effective November 12, 2019 the maturity dates of the Outstanding Notes and the August 2018 Note and December 2018 Note was extended from August 31, 2019 to August 31, 2020. On November 27, 2019, we issued a convertible promissory note (the “November 2019 Note”) in the principal amount of $40,000 to Ironbound. The November 2019 Note has a maturity date of August 31, 2020 and bears interest at the rate of 5.0% per annum, payable at maturity. The principal and accrued interest on the November 2019 Note is convertible, at the election of Ironbound, into shares of the Company’s common stock following the consummation of a “Qualified Financing” (as defined in the November 2019 Note), or upon the consummation of a “Fundamental Transaction” (as defined in the November 2019 Note) at the “Conversion Price” (as defined in the November 2019 Note). The proceeds of the November 2019 Note has been and will be utilized by the Company to fund working capital needs. Effective August 31, 2020, the maturity dates of the Outstanding Notes and the August 2018 Note and December 2018 Note was extended from August 31, 2020 to August 31, 2021. On August 18, 2020, we issued a convertible promissory note (the “August 2020 Note”) in the principal amount of $20,000 to Ironbound. The August 2020 Note has a maturity date of August 31, 2021 and bears interest at the rate of 5.0% per annum, payable at maturity. The principal and accrued interest on the August 2020 Note is convertible, at the election of Ironbound, into shares of the Company’s common stock following the consummation of a “Qualified Financing” (as defined in the August 2020 Note), or upon the consummation of a “Fundamental Transaction” (as defined in the August 2020 Note) at the “Conversion Price” (as defined in the August 2020 Note). The proceeds of the August 2020 Note will be utilized by the Company to fund working capital needs.

Stockholder's Deficit

Stockholder's Deficit	3 Months Ended
	Jun. 30, 2021
Stockholders' Equity Note [Abstract]
STOCKHOLDER'S DEFICIT	NOTE 4 – STOCKHOLDER’S DEFICIT As of June 30, 2021, our authorized capital stock consisted of 100,000,000 shares of Common Stock and 1,000,000 shares of Preferred Stock of which 14,643,740 shares of Common Stock, and no shares of Preferred Stock, were issued and outstanding. All shares of Common Stock currently outstanding are validly issued, fully paid and non-assessable. During the three months ended June 30, 2021 and 2020, we recorded contributions to capital of $1,250 for the fair value relating to the use, occupancy and administrative services rendered by the officer.

Due to Unrelated Party

Due to Unrelated Party	3 Months Ended
	Jun. 30, 2021
Due To Unrelated Party [Abstract]
DUE TO UNRELATED PARTY	NOTE 5 – DUE TO UNRELATED PARTY In connection with Merger Agreement with Appgate (see Note 1), the Merger Agreement provides that from the date of the Merger Agreement (February 8, 2021) through the date of closing, all expenses incurred by Newtown in connection with consummating the merger with Appgate that are payable by Newtown prior to the closing shall be paid by Appgate. As of June 30, 2021, Appgate has paid $108,936 on behalf of Newtown and the amount is recorded as Due to Unrelated Party until the closing date. If the merger were not to close under certain circumstances, those expenses that are payable by Newtown or paid by Appgate on behalf of Newtown would be obligations of Newtown. The Merger is expected to be consummated in the second quarter of 2021, subject to the fulfillment of certain closing conditions.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 6 – RELATED PARTY TRANSACTIONS At June 30, 2021, we had promissory notes in the aggregate principal amount of $367,000 payable to Ironbound, our majority stockholder (see Note 3). During the three months ended June 30, 2021 and 2020, we recorded contributions to capital of $1,250 for the fair value relating to the use, occupancy and administrative services rendered by the officer (see Note 4).

Subsequent Events

Subsequent Events	3 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 7 – SUBSEQUENT EVENT In connection with Merger Agreement with Appgate described in Note 5, subsequent to June 30, 2021, Appgate paid an additional $15,802 on behalf of Newtown and the amount is recorded as Due to Unrelated Party until the closing date.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	3 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Going Concern	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 not own an operating business, and have no specific plan other than to engage in the merger transaction with Appgate. There is no assurances that we will be able to consummate such transaction. The implementation of our business objectives is wholly contingent upon a business combination. The financial statements do not include any adjustments that might result from the outcome of these uncertainties. Since inception, Newtown has incurred an accumulated deficit of $2,670,993 through June 30, 2021. For the three months ended June 30, 2021 and 2020, Newtown had net losses of $18,144 and $14,859, respectively. Newtown has incurred negative cash flow from operating activities since its inception. Newtown has spent, and subject to obtaining additional financing, expects to continue to spend, substantial amounts in connection with executing its business strategy. These conditions raise substantial doubt about Newtown’s ability to continue as a going concern.
Use of Estimates	Use of Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. The estimates include valuation of deferred taxes and valuation of contributed services.
Fair Value of Financial Instruments	Fair Value of Financial Instruments - Pursuant to the FASB guidance, “Disclosures About Fair Value of Financial Instruments,” we are required to estimate the fair value of all financial instruments included on our balance sheet. We consider the carrying value of accounts payable, accrued expenses, due to unrelated parties and convertible notes in the financial statements to approximate their face value.
Statements of Cash Flows	Statements of Cash Flows - For purposes of the statements of cash flows we consider all highly liquid investments purchased with a remaining maturity of three months or less to be cash equivalents.
Loss Per Share	Loss Per Share - Basic and diluted net loss per common share is computed based upon the weighted average common shares outstanding as defined by FASB ASC No. 260, “Earnings Per Share”. Diluted loss per share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period. For June 30, 2021 and 2020, 0 and 886,190 options outstanding were not included in the computation of loss per share because their inclusion is anti-dilutive.
Recent accounting pronouncements	Recent accounting pronouncements - All recent accounting pronouncements issued but not yet effective have been reviewed and determined to be not applicable or is not expected to have a material impact on the Company’s condensed financial statements.

Description of Company (Details

Description of Company (Details) $ in Millions	3 Months Ended
	Jun. 30, 2021USD ($)shares
Description of Company (Details) [Line Items]
Principal amount	$ 25
Common stock outstanding, percentage	11.00%
Convertible Senior Notes [Member]
Description of Company (Details) [Line Items]
Principal amount	$ 50
Convertible Senior Notes [Member] | Notes Issuance Agreement [Member]
Description of Company (Details) [Line Items]
Debt interest rate, percentage	5.00%
Additional Notes [Member]
Description of Company (Details) [Line Items]
Principal amount	$ 25
Common Stock [Member]
Description of Company (Details) [Line Items]
Number of shares converted | shares	234,299.84
Common stock outstanding, percentage	89.00%

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Accounting Policies [Abstract]
Accumulated deficit	$ (2,670,993)
Net losses	$ (18,144)	$ (14,859)
Total potentially dilutive securities (in Shares)	0	886,190

Convertible Notes Payable _ R_2

Convertible Notes Payable – Related Party (Details) - USD ($)	Dec. 04, 2018	Jul. 15, 2016	May 14, 2013	Nov. 27, 2019	Feb. 14, 2017	Dec. 31, 2015	Jul. 25, 2014	Aug. 18, 2020	Aug. 27, 2018	Apr. 01, 2016
Convertible Notes Payable [Member] | Ironbound Partners Fund LLC [Member]
Convertible Notes Payable – Related Party (Details) [Line Items]
Loan amount			$ 100,000
Aggregate principal amount			$ 100,000
Term of notes, description			The May 2013 Note was initially issued with a two-year term and bore interest at the rate of 5.0% per annum, payable at maturity.
Interest rate per annum			5.00%
Convertible Notes Payable One [Member] | Ironbound Partners Fund LLC [Member]
Convertible Notes Payable – Related Party (Details) [Line Items]
Aggregate principal amount							$ 72,000
Interest rate per annum							5.00%
Aggregate gross proceeds							$ 72,000
Convertible Notes Payable Two [Member] | Ironbound Partners Fund LLC [Member]
Convertible Notes Payable – Related Party (Details) [Line Items]
Aggregate principal amount							$ 100,000
December 2015 Note [Member]
Convertible Notes Payable – Related Party (Details) [Line Items]
Advance amount						$ 10,000
Convertible Notes Payable Three [Member] | Ironbound Partners Fund LLC [Member]
Convertible Notes Payable – Related Party (Details) [Line Items]
Aggregate principal amount										$ 10,000
Convertible Notes Payable Four [Member] | Ironbound Partners Fund LLC [Member]
Convertible Notes Payable – Related Party (Details) [Line Items]
Aggregate principal amount		$ 25,000
Interest rate per annum		5.00%
Maturity date		Aug. 31, 2017
Convertible Notes Payable Five [Member] | Ironbound Partners Fund LLC [Member]
Convertible Notes Payable – Related Party (Details) [Line Items]
Aggregate principal amount					$ 50,000
Interest rate per annum					5.00%
Maturity date					Aug. 31, 2017
Convertible Notes Payable Six [Member] | Ironbound Partners Fund LLC [Member]
Convertible Notes Payable – Related Party (Details) [Line Items]
Aggregate principal amount									$ 15,000
Interest rate per annum									5.00%
Convertible Notes Payable Seven [Member] | Ironbound Partners Fund LLC [Member]
Convertible Notes Payable – Related Party (Details) [Line Items]
Aggregate principal amount	$ 25,000
Interest rate per annum	5.00%
Maturity date	Aug. 31, 2019
Convertible Notes Payable Eight [Member] | Ironbound Partners Fund LLC [Member]
Convertible Notes Payable – Related Party (Details) [Line Items]
Aggregate principal amount				$ 40,000
Interest rate per annum				5.00%
Maturity date				Aug. 31, 2020
Convertible Notes Payable Nine [Member] | Ironbound Partners Fund LLC [Member]
Convertible Notes Payable – Related Party (Details) [Line Items]
Aggregate principal amount								$ 20,000
Interest rate per annum								5.00%

Stockholder's Deficit (Details)

Stockholder's Deficit (Details) - USD ($)	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2021
Stockholders' Equity Note [Abstract]
Common stock authorized	100,000,000		100,000,000
Preferred stock authorized	1,000,000		1,000,000
Common stock issued	14,643,740		14,643,740
Capital of fair value amount (in Dollars)	$ 1,250	$ 1,250
Common stock outstanding	14,643,740		14,643,740

Due to Unrelated Party (Details

Due to Unrelated Party (Details)	Jun. 30, 2021USD ($)
Newtown [Member]
Due to Unrelated Party (Details) [Line Items]
Face amount	$ 108,936

Related Party Transactions (Det

Related Party Transactions (Details)	3 Months Ended
	Jun. 30, 2021USD ($)
Related Party Transactions (Details) [Line Items]
Aggregate principal amount	$ 25,000,000
Capital fair value amount	1,250
Majority stockholder [Member]
Related Party Transactions (Details) [Line Items]
Aggregate principal amount	$ 367,000

Subsequent Events (Details)

Subsequent Events (Details)	3 Months Ended
	Jun. 30, 2021USD ($)
Subsequent Events [Abstract]
Additional paid	$ 15,802