| Document and Entity Information - shares | 6 Months Ended | |
| Sep. 30, 2017 | Nov. 14, 2017 | |
| Document And Entity Information | ||
| Entity Registrant Name | NEWTOWN LANE MARKETING INC | |
| Entity Central Index Key | 1,353,538 | |
| Document Type | 10-Q | |
| Trading Symbol | NTWN | |
| Document Period End Date | Sep. 30, 2017 | |
| Amendment Flag | false | |
| Current Fiscal Year End Date | --03-31 | |
| Entity a Well-known Seasoned Issuer | No | |
| Entity a Voluntary Filer | No | |
| Entity's Reporting Status Current | Yes | |
| Entity Filer Category | Smaller Reporting Company | |
| Entity Common Stock, Shares Outstanding | 13,757,550 | |
| Document Fiscal Period Focus | Q2 | |
| Document Fiscal Year Focus | 2,018 |
| CONDENSED BALANCE SHEETS (unaudited) - USD ($) | Sep. 30, 2017 | Mar. 31, 2017 |
| Current Assets | ||
| Cash and cash equivalents | $ 16,732 | $ 40,300 |
| TOTAL CURRENT ASSETS | 16,732 | 40,300 |
| CURRENT LIABILITIES | ||
| Accounts payable and accrued expenses | 38,664 | 31,371 |
| Convertible notes payable - Related Party | 267,000 | 267,000 |
| TOTAL CURRENT LIABILITIES | 305,664 | 298,371 |
| 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 | 2,058,256 | 2,055,756 |
| Accumulated deficit | (2,360,946) | (2,327,585) |
| TOTAL STOCKHOLDERS' DEFICIT | (288,932) | (258,071) |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 16,732 | $ 40,300 |
| CONDENSED BALANCE SHEETS (unaudited) (Parenthetical) - $ / shares | Sep. 30, 2017 | Mar. 31, 2017 |
| Statement of Financial Position [Abstract] | ||
| Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
| Preferred stock, authorized | 1,000,000 | 1,000,000 |
| Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
| Common stock, authorized | 100,000,000 | 100,000,000 |
| Common stock, issued | 13,757,550 | 13,757,550 |
| Common stock, outstanding | 13,757,550 | 13,757,550 |
| CONDENSED STATEMENTS OF OPERATIONS (unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
| Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
| Expenses | ||||
| Selling, general and administrative | $ 11,981 | $ 18,133 | $ 26,668 | $ 29,976 |
| Interest expense, net | 3,365 | 2,677 | 6,693 | 5,077 |
| Total expense | 15,346 | 20,810 | 33,361 | 35,053 |
| Net loss before provision for income taxes | (15,346) | (20,810) | (33,361) | (35,053) |
| Income taxes | ||||
| Net loss | $ (15,346) | $ (20,810) | $ (33,361) | $ (35,053) |
| Net loss per share - basic and diluted (in dollars per share) | $ 13,757,550 | $ 13,757,550 | $ 13,757,550 | $ 13,757,550 |
| Weighted average shares outstanding - basic and diluted (in shares) | 0 | 0 | 0 | 0 |
| CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIT (unaudited) - 6 months ended Sep. 30, 2017 - USD ($) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Deficit [Member] | Total |
| Balances at Mar. 31, 2017 | $ 13,758 | $ 2,055,756 | $ (2,327,585) | $ (258,071) | |
| Balances (in shares) at Mar. 31, 2017 | 13,757,550 | ||||
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
| Contributed services | 2,500 | 2,500 | |||
| Net loss | (33,361) | (33,361) | |||
| Balances at Sep. 30, 2017 | $ 13,758 | $ 2,058,256 | $ (2,360,946) | $ (288,932) | |
| Balances (in shares) at Sep. 30, 2017 | 13,757,550 |
| CONDENSED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) | 6 Months Ended | |
| Sep. 30, 2017 | Sep. 30, 2016 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $ (33,361) | $ (35,053) |
| Adjustments to reconcile net loss to cash used in operating activities: | ||
| Contributed services | 2,500 | 2,500 |
| Changes in operating assets and liabilities: | ||
| Decrease (increase) in other assets | 500 | |
| Increase (decrease) in accounts payable and accruals | 7,293 | 2,053 |
| NET CASH USED IN OPERATING ACTIVITIES | (23,568) | (30,000) |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | ||
| Issuance of notes payable | 35,000 | |
| CASH FLOWS FROM FINANCING ACTIVITIES | 35,000 | |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | (23,568) | 5,000 |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 40,300 | 4,555 |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD | $ 16,732 | $ 9,555 |
| DESCRIPTION OF COMPANY | 6 Months Ended |
| Sep. 30, 2017 | |
| Organization, Consolidation and Presentation of Financial Statements [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 September 30, 2017 and for the three and six month periods ended September 30, 2017 and 2016 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, 2017, 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 September 30, 2017 and results of operations and cash flows for the three and six months ended September 30, 2017 and 2016, as applicable, have been made. The results of operations for the three and six months ended September 30, 2017 are not necessarily indicative of the operating results that may be expected for the full fiscal year or any future periods. 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) shares of our common stock, par value $0.001 per share (“Common Stock”) and five hundred (500 ) 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) shares of Common Stock (assuming the conversion by R&R of the four hundred (400) shares of Series A Preferred Stock it acquired pursuant to the Purchase Agreement into five million nine hundred twenty eight thousand (5,928,000) shares of Common Stock) constituting 72% of the then issued and outstanding shares of Common Stock, and (b) Moyo acquiring two million three hundred seventy seven thousand three hundred sixty (2,377,360) shares of Common Stock (assuming the conversion by Moyo of its one hundred (100) shares of Series A Preferred Stock it acquired pursuant to the Purchase Agreement into one million four hundred eighty one thousand five hundred ten (1,481,510) shares of Common Stock) constituting 18% of the then issued and outstanding shares of Common Stock; and (ii) in full satisfaction of our obligations under outstanding convertible promissory notes in the principal amount of $960,000 (the “December Notes”), the Note holders of the December Notes converted an aggregate of $479,811 of principal and accrued interest into 274,200 shares of Common Stock and accepted a cash payment from us in the aggregate amount of $625,030 for the remaining principal balance. 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 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. On October 19, 2007, we put into effect an amendment to our Certificate of Incorporation to increase to 100,000,000 the number of authorized shares of Common Stock available for issuance (the “Charter Amendment”). As a result of the Charter Amendment, as of October 19, 2007, we had adequate shares of Common Stock available for issuance upon the conversion of all the issued and outstanding shares of Series A Preferred Stock. 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 shares of Series A Preferred Stock outstanding were exchanged for 7,407,540 shares of Common Stock, and all 500 shares of the Series A Preferred Stock were returned to the status of authorized and unissued shares of undesignated preferred stock, par value $.001 per shares. On August 15, 2008 (the “Series A Preferred Elimination Date”), all 500 shares of the Series A Preferred Stock were returned to the status of authorized and unissued shares of undesignated preferred stock, par value $0.001 per shares. None of the Series A Preferred Stock were outstanding as of the Series A Preferred Elimination Date. On August 29, 2008 (the “Reverse Split Effective Date”), 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 as of the Reverse Split Effective Date was converted into one (1) share of Common Stock. All share and per share data herein has been retroactively restated to reflect the Reverse Split. In December 2008, we sold 550,000 shares of Common Stock to Kirk Warshaw, our CFO, for $2,000. We determined such shares were issued below their fair value; hence $11,750 of compensation expense was recorded for the difference in value of the shares issued for cash versus fair value of such shares. On May 6, 2013, Ironbound Partners Fund, LLC (“Ironbound”) acquired 9,509,440 shares of Common Stock (the “Acquired Shares”) for an aggregate purchase price of $15,000, or $0.00157737 per share. The Acquired Shares represent 69.1% of our total issued and outstanding shares of Common Stock. The Acquired Shares were purchased by Ironbound, utilizing its available and uncommitted cash, from the Chapter 7 Trustee of the Estates of Rodman & Renshaw, LLC (“Rodman”), Direct Markets, Inc., and Direct Markets Holdings, Corp. in Chapter 7 bankruptcy proceedings pending in the United States Bankruptcy Court for the Southern District of New York (Cases No. 13-10087, 13-10088 and 13-10089). The Acquired Shares constitute all the shares of Common Stock previously owned by R&R, an affiliate of Rodman. On May 14, 2013, Ironbound – related party 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 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. 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 had a maturity date of August 31, 2015 (amended as described below) 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”) 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 (amended as described below) and provides 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 remains 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 us an additional $10,000. This amount was subsequently evidenced by a promissory note with the same terms as the Prior Notes. The proceeds of this note was utilized by the Company to fund working capital needs. On April 1, 2016, we issued a convertible promissory note (the “April 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 at such date 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 Prior Notes, the April 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, 2016 to August 31, 2018. As of September 30, 2017, our authorized capital stock consisted of 100,000,000 shares of Common Stock and 1,000,000 shares of Preferred Stock of which 13,757,550 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 and six months ended September 30, 2017, we recorded a $1,250 and $2,500 contribution to capital, respectively, for the fair value relating to the use, occupancy and administrative services rendered by the officers. 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 ACCOUNTING POLICIES | 6 Months Ended |
| Sep. 30, 2017 | |
| 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 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 of these uncertainties. Since inception, Newtown has incurred an accumulated deficit of $2,360,946 through September 30, 2017. For the six months ended September 30, 2017 and 2016, Newtown had net losses of $33,361 and $35,053, 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. 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 accrued expenses 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. |
| NEW ACCOUNTING PRONOUNCEMENTS | 6 Months Ended |
| Sep. 30, 2017 | |
| New Accounting Pronouncements | |
| NEW ACCOUNTING PRONOUNCEMENTS | NOTE 3 – 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 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 ASU 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 ASU are effective for public and nonpublic entities for annual periods ending after December 15, 2016. Early adoption is permitted. |
| SUBSEQUENT EVENTS | 6 Months Ended |
| Sep. 30, 2017 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | NOTE 4 – SUBSEQUENT EVENTS The Company has evaluated all subsequent events and has determined that there were no subsequent events to recognize or disclose in these financial statements. |
| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
| Sep. 30, 2017 | |
| 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 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 of these uncertainties. Since inception, Newtown has incurred an accumulated deficit of $2,360,946 through September 30, 2017. For the six months ended September 30, 2017 and 2016, Newtown had net losses of $33,361 and $35,053, respectively. Newtown has incurred negative cash flow from operating activities since its inception. Newtown has spent, and subject to obtaining additional financing, expects to continue to spend, substantial amounts in connection with executing its business strategy. These conditions raise substantial doubt about Newtown’s ability to continue as a going concern. |
| Use of Estimates | Use of Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. |
| Fair Value of Financial Instruments | Fair Value of Financial Instruments - Pursuant to the FASB guidance, “Disclosures About Fair Value of Financial Instruments,” we are required to estimate the fair value of all financial instruments included on our balance sheet. We consider the carrying value of accrued expenses in the financial statements to approximate their face value. |
| Statements of Cash Flows | Statements of Cash Flows - For purposes of the statements of cash flows we consider all highly liquid investments purchased with a remaining maturity of three months or less to be cash equivalents. |
| DESCRIPTION OF COMPANY (Details Narrative) - USD ($) | May 06, 2013 | Aug. 29, 2008 | Aug. 15, 2008 | Dec. 19, 2007 | Aug. 08, 2007 | Dec. 31, 2008 | Sep. 30, 2017 | Mar. 31, 2017 | Oct. 19, 2007 |
| Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 | |||||||
| Reverse split | On August 29, 2008 (the “Reverse Split Effective Date”), 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 as of the Reverse Split Effective Date was converted into one (1) share of Common Stock. All share and per share data herein has been retroactively restated to reflect the Reverse Split. | ||||||||
| Series A Preferred Stock [Member] | |||||||||
| Preferred stock, outstanding | 500 | ||||||||
| Preferred stock, shares subscribed but unissued | 500 | ||||||||
| Preferred stock, par value (in dollars per share) | $ 0.001 | ||||||||
| Stock conversion of convertible securities | 7,407,540 | ||||||||
| Number of share returned to undesignated preferred stock | 500 | ||||||||
| Common Stock [Member] | |||||||||
| Number of authorised shares increased | 100,000,000 | ||||||||
| Common Stock [Member] | Ironbound Partners Fund LLC [Member] | |||||||||
| Share price (in dollars per share) | $ 0.00157737 | ||||||||
| Number of shares acquired | 9,509,440 | ||||||||
| Percentage of common stock issued and outstanding | 69.10% | ||||||||
| Value of number of shares acquired | $ 15,000 | ||||||||
| Common Stock [Member] | Kirk M Warshaw Llc [Member] | |||||||||
| Number of shares acquired | 550,000 | ||||||||
| Value of stock issued during period | $ 2,000 | ||||||||
| Compensation expense | $ 11,750 | ||||||||
| Stock Purchase Agreement [Member] | Moyo Partners, LLC [Member] | December Notes [Member] | |||||||||
| Number of shares converted | 274,200 | ||||||||
| Principal amount | $ 960,000 | ||||||||
| Principal and accrued interest | 479,811 | ||||||||
| Principal payments made on notes payable | $ 625,030 | ||||||||
| Stock Purchase Agreement [Member] | Series A Preferred Stock [Member] | |||||||||
| Number of shares issued | 500 | ||||||||
| Share price (in dollars per share) | $ 0.001 | ||||||||
| Stock Purchase Agreement [Member] | Series A Preferred Stock [Member] | R and R Biotech Partners, LLC [Member] | |||||||||
| Number of shares issued | 400 | ||||||||
| Stock Purchase Agreement [Member] | Series A Preferred Stock [Member] | Moyo Partners, LLC [Member] | |||||||||
| Number of shares issued | 100 | ||||||||
| Stock Purchase Agreement [Member] | Common Stock [Member] | |||||||||
| Number of shares issued | 4,479,250 | ||||||||
| Share price (in dollars per share) | $ 0.001 | ||||||||
| Number of shares converted | 14,820 | ||||||||
| Aggregate gross proceeds | $ 600,000 | ||||||||
| Stock Purchase Agreement [Member] | Common Stock [Member] | R and R Biotech Partners, LLC [Member] | |||||||||
| Number of shares issued | 9,509,440 | ||||||||
| Number of shares converted | 5,928,000 | ||||||||
| Percentage of common stock issued and outstanding | 72.00% | ||||||||
| Stock Purchase Agreement [Member] | Common Stock [Member] | Moyo Partners, LLC [Member] | |||||||||
| Number of shares issued | 2,377,360 | ||||||||
| Number of shares converted | 1,481,510 | ||||||||
| Percentage of common stock issued and outstanding | 18.00% |
| DESCRIPTION OF COMPANY (Details Narrative 1) - USD ($) | Jul. 25, 2014 | May 14, 2013 | Sep. 30, 2017 | Sep. 30, 2017 | Mar. 31, 2017 | Feb. 14, 2017 | Jul. 15, 2016 | Apr. 02, 2016 | Dec. 31, 2015 |
| Preferred stock, authorized | 1,000,000 | 1,000,000 | 1,000,000 | ||||||
| Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 | ||||||
| Common stock, authorized | 100,000,000 | 100,000,000 | 100,000,000 | ||||||
| Common stock, issued | 13,757,550 | 13,757,550 | 13,757,550 | ||||||
| Common stock, outstanding | 13,757,550 | 13,757,550 | 13,757,550 | ||||||
| Defined contribution plan administrative expense | $ 1,250 | $ 2,500 | |||||||
| May 2013 Note Due on August 31, 2015 [Member] | Ironbound Partners Fund LLC [Member] | |||||||||
| Aggregate gross proceeds | $ 100,000 | ||||||||
| Term of debt instrument | 2 years | ||||||||
| Interest rate | 5.00% | ||||||||
| Principal amount of convertible promissory note | $ 100,000 | ||||||||
| Note 2014 Due on August 31, 2015 [Member] | Ironbound Partners Fund LLC [Member] | |||||||||
| Aggregate gross proceeds | $ 72,000 | ||||||||
| Interest rate | 5.00% | ||||||||
| Principal amount of convertible promissory note | $ 72,000 | ||||||||
| May 2013 Note Due on August 31, 2016 [Member] | Ironbound Partners Fund LLC [Member] | |||||||||
| Principal amount of convertible promissory note | $ 10,000 | ||||||||
| May 2013 Note Due on August 31, 2016 [Member] | Ironbound Partners Fund LLC [Member] | Amended and Restated [Member] | |||||||||
| Principal amount of convertible promissory note | $ 100,000 | ||||||||
| Note 2016 Due on August 31, 2015 [Member] | Ironbound Partners Fund LLC [Member] | |||||||||
| Principal amount of convertible promissory note | $ 10,000 | ||||||||
| February 2017 Note Due on August 31, 2017 [Member] | Ironbound Partners Fund LLC [Member] | |||||||||
| Interest rate | 5.00% | ||||||||
| Principal amount of convertible promissory note | $ 50,000 | ||||||||
| July 2016 Note Due on August 31, 2017 [Member] | Ironbound Partners Fund LLC [Member] | |||||||||
| Interest rate | 5.00% | ||||||||
| Principal amount of convertible promissory note | $ 25,000 |
| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | |||
| Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Mar. 31, 2017 | |
| Accounting Policies [Abstract] | |||||
| Accumulated deficit | $ (2,360,946) | $ (2,360,946) | $ (2,327,585) | ||
| Net loss | $ (15,346) | $ (20,810) | $ (33,361) | $ (35,053) | |
