Regenerex Pharma (RGPX) 10-Q 10 Nov 20 2020 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Sep. 30, 2020	Nov. 10, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2020
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2020
Current Fiscal Year End Date	--03-31
Entity File Number	000-53230
Entity Registrant Name	PEPTIDE TECHNOLOGIES, INC.
Entity Central Index Key	0001357878
Entity Tax Identification Number	32-0535345
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	5348 Vegas Drive #177
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89108
City Area Code	702
Local Phone Number	805-7525
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		127,112,660

Balance Sheets

Balance Sheets - USD ($)	Sep. 30, 2020	Mar. 31, 2020
Current Assets
Cash and cash equivalents	$ 4,088	$ 5,460
Inventories	246,649	246,691
Total Current Assets	250,737	252,151
Website, net of accumulated amortization of $18,646 and $14,984 at September 30, 2020 and March 31, 2020, respectively	3,354	7,016
Total Assets	254,091	259,167
Current Liabilities
Accounts payable	61,057	51,098
Related-party advances	130,992	130,992
Accrued compensation	221,192	221,192
Other accrued liabilities	53,569	45,436
Current portion of notes payable to shareholder	137,564	70,000
Total Current Liabilities	604,374	518,718
Notes Payable to shareholder, net of current portion	166,580	221,723
Total Liabilities	770,954	740,441
Stockholders' Deficit
Common stock: $0.001 par value: 675,000,000 shares authorized: 127,112,660 issued and outstanding at September 30, 2020 and March 31, 2020	127,113	127,113
Additional paid-in capital	776,963	776,963
Accumulated deficit	(1,420,939)	(1,385,350)
Total Stockholders' Deficit	(516,863)	(481,274)
Total Liabilities and Stockholders' Deficit	$ 254,091	$ 259,167

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2020	Mar. 31, 2020
Statement of Financial Position [Abstract]
Accumulated Amortization, Website	$ 18,646	$ 14,984
Common stock par value	$ 0.001	$ 0.001
Common stock, shares authorized	675,000,000	675,000,000
Common stock, shares issued	127,112,660	127,112,660
Common stock, shares outstanding	127,112,660	127,112,660

Statements of Operations

Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Statement [Abstract]
Sales	$ 120		$ 197
Cost of Sales	34		42
Gross Profit	86		155
Operating Expenses
General and administrative	11,809	11,385	21,126	28,211
Sales and marketing	234	237	1,090	14,533
Total Operating Expenses	12,043	11,622	22,216	42,744
Operating Loss	(11,957)	(11,622)	(22,061)	(42,744)
Other Income (Expense):
Interest expense	(10,808)	(6,762)	(20,132)	(9,889)
Foreign currency gain	(3,005)	(86)	6,604	1,893
Total Other Income (Expense)	(13,813)	(6,848)	(13,528)	(7,996)
Net Loss	$ (25,770)	$ (18,470)	$ (35,589)	$ (50,740)
Basic and Diluted Loss per Common Share	$ 0	$ 0	$ 0	$ 0
Weighted Average Number of Common Shares Outstanding	127,112,660	127,112,660	127,112,660	127,112,660

Statements of Cash Flows

Statements of Cash Flows - USD ($)	6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash Flows From Operating Activities:
Net loss	$ (35,589)	$ (50,740)
Adjustments to reconcile net loss to cash flows used in operating activities
Depreciation	3,662	2,674
Foreign currency adjustments	(6,604)
Changes in operating assets and liabilities:
Inventories	42	(244,870)
Prepaid expenses		9,070
Accounts payable and accrued liabilities	17,661	129,115
Net cash flows used in operating activities	(20,828)	(154,751)
Cash Flows From Investing Activities:
Website development
Net cash used for investing activities
Cash Flows From Financing Activities:
Related-party advances		2
Proceeds from notes payable to shareholder	19,456	67,256
Net cash provided by financing activities	19,456	67,258
(Decrease) Increase in cash and equivalents	(1,372)	(87,493)
Cash and cash equivalents, beginning of period	5,460	88,546
Cash and cash equivalents, end of period	4,088	1,053
Supplemental Cash Flow Information
Income Taxes
Interest

Statements of Stockholders' Def

Statements of Stockholders' Deficit - USD ($)	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Balance at Mar. 31, 2019	$ 127,113	$ 776,963	$ (1,273,761)	$ (369,685)
Balance (in Shares) at Mar. 31, 2019	127,112,660
Net Loss			(32,269)	(32,269)
Balance at Jun. 30, 2019	$ 127,113	776,963	(1,306,030)	(401,954)
Balance (in Shares) at Jun. 30, 2019	127,112,660
Net Loss			(18,471)	(18,471)
Balance at Sep. 30, 2019	$ 127,113	776,963	(1,324,501)	(420,425)
Balance (in Shares) at Sep. 30, 2019	127,112,660
Balance at Mar. 31, 2020	$ 127,113	776,963	(1,385,350)	$ (481,274)
Balance (in Shares) at Mar. 31, 2020	127,112,660			127,112,660
Net Loss			(9,817)	$ (9,817)
Balance at Jun. 30, 2020	$ 127,113	776,963	(1,395,167)	(491,091)
Balance (in Shares) at Jun. 30, 2020	127,112,660
Net Loss			(25,772)	(25,772)
Balance at Sep. 30, 2020	$ 127,113	$ 776,963	$ (1,420,939)	$ (516,863)
Balance (in Shares) at Sep. 30, 2020	127,112,660			127,112,660

Nature Of Operations

Nature Of Operations	6 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature Of Operations	NOTE 1 – NATURE OF OPERATIONS Peptide Technologies, Inc., (the “Company” or “Peptide”), was incorporated in the State of Nevada, United States of America, on November 18, 2005. The Company’s business is to develop and market proprietary skincare products which is sold online. The majority of manufacturing, distribution, marketing, and sales operations is outsourced; however, strategic planning and development is performed internally by management. Risks and Uncertainties We expected to launch our marketing campaign in July of the fiscal year ending March 31, 2021. Due to the COVID-19 pandemic, our sales launch has been delayed. We expect to launch by November 2020. Our business and our forward-looking statements involve substantial known and unknown risks and uncertainties, including the risks and uncertainties inherent in our statements regarding the impacts of COVID-19, or other future pandemics on our business, results of operations, financial position and cash flows.

Basis Of Presentation Of Interi

Basis Of Presentation Of Interim Financial Statements	6 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Basis Of Presentation Of Interim Financial Statements	NOTE 2 – BASIS OF PRESENTATION OF INTERIM FINANCIAL STATEMENTS The Company prepares its financial statements in accordance with accounting principles generally accepted in the United States of America. The accompanying interim unaudited financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X. In our opinion, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the six months ended September 30, 2020 are not necessarily indicative of the results that may be expected for the year ending March 31, 2021. Notes to the unaudited interim financial statements that would substantially duplicate the disclosures contained in the audited financial statements for the year ended March 31, 2020 have been omitted. This report should be read in conjunction with the audited financial statements and the footnotes thereto for the fiscal year ended March 31, 2020 included within the Company’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission.

Going Concern

Going Concern	6 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	NOTE 3 – GOING CONCERN These financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”), which contemplate the continuation of the Company as a going concern. The Company has incurred losses from operations, and as of September 30, 2020, it had excess liabilities over assets of $516,863. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans are to actively seek capital to enable the Company to add new products and/or services to ultimately achieve profitability. However, management cannot provide assurance that they can raise sufficient capital and whether the Company will ultimately achieve profitability, become cash flow positive, or raise additional debt and/or equity capital. If the Company is unable to raise additional capital in the near future or meet financing requirements, management expects that the Company will need to curtail operations, seek additional capital on less favorable terms, and/or pursue other remedial measures. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company become unable to continue as a going concern.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Significant Accounting Policies	NOTE 4 –SIGNIFICANT ACCOUNTING POLICIES Revenue Recognition We offer skincare products through our online store. Revenues are recognized gross when control of our goods are transferred to the customer, which generally occurs upon delivery to the customer. At the time an order is accepted, prices are fixed and determinable and are not subject to adjustment. We do not offer refunds, returns or exchanges. All sales are final. The Company defers revenue where the earnings process is not yet complete. Inventories Inventory of retail merchandise is valued at the lower of cost and net realizable value with a cost being determined on a first-in, first out method. Costs includes all costs of manufacturing the product, packaging, cost of conversion and other costs incurred in bringing the inventory to its present condition and location. Website Expenditures related to the planning and operation of the Company’s website are expensed as incurred. Expenditures related to the website application and infrastructure development are capitalized and amortized over the website’s estimated useful life of three (3) years. Amortization expense for the three and six months ended September 30, 2020 and 2019 was $1,834 and $3,662 and $1,848 and $3,315, respectively. Recent Accounting Pronouncements The Financial Accounting Standards Board issued Accounting Standards Updates (“ASU”) to amend the authoritative literature in the Accounting Standards Codification (“ASC”). There have been a number of ASUs to date that amend the original text of the ASC. The Company believes those updates issued-to-date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to the Company, or (iv) are not expected to have a significant impact on the Company.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Sep. 30, 2020
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 5 – RELATED PARTY TRANSACTIONS Related Party Advances The Company’s former Chief Financial Officer (“CFO”) had advanced the Company monies for operating expenses; no significant amounts were advanced during the periods presented. The related party advances totaled $130,992 as of September 30, 2020 and March 31, 2020, and the advances are due on demand. The related party advances began to accrue interest at ten (10) percent per annum on July 1, 2019. Repayment is due no later than June 30, 2021. Interest expense was $6,567 and $3,302 during the six-month periods ended September 30, 2020 and 2019, respectively. Note Payable to Shareholder During the year ended March 31, 2019, Black Star Holdings Ltd. (“Black Star”), a shareholder of the Company, was issued a promissory note in the principal amount of $70,000. The note is unsecured and bears interest at ten (10) percent, per annum. Repayment of this note is due no later than February 19, 2021. During the year ended March 31, 2020, Black Star was issued additional promissory notes. On April 15, 2019, Black Star was issued a promissory note in the principal amount of $67,257 ($90,000 Canadian Funds). The note is unsecured and bears interest at ten (10) percent, per annum. Repayment of the note is due no later than April 15, 2021. On October 11, 2019, Black Star was issued a promissory note in the principal amount of $10,000. This note is unsecured and bears interest at ten (10) percent per annum. Repayment of this note is due no later than October 30, 2021. On October 21, 2019, Black Star was issued a promissory note in the principal amount of $30,000. This note is unsecured and bears interest at ten (10) percent per annum. Repayment of this note is due no later than October 21, 2021. On October 25, 2019, Black Star was issued a promissory note in the principal amount of $24,500. This note is unsecured and bears interest at ten (10) percent per annum. Repayment of this note is due no later than October 25, 2021. On December 5, 2019, Black Star was issued a promissory note in the principal amount of $3,792 ($5,000 Canadian Funds). This note is unsecured and bears interest at ten (10) percent per annum. Repayment of this note is due no later than December 5, 2021. On January 20, 2020, Black Star was issued a promissory note in the principal amount of $7,565 ($10,000 Canadian Funds). This note is unsecured and bears interest at ten (10) percent per annum. Repayment of this note is due no later than January 20, 2022. On January 31, 2020, Black Star was issued a promissory note in the principal amount of $52,886 ($70,000 Canadian Funds). This note is unsecured and bears interest at ten (10) percent per annum. Repayment of this note is due no later than January 31, 2022. On February 14, 2020, Black Star was issued a promissory note in the principal amount of $18,000. This note is unsecured and bears interest at ten (10) percent per annum. Repayment of this note is due no later than February 14, 2022. During the six-month period ended September 30, 2020, Black Star was issued an additional promissory note on May 20, 2020 in the principal amount of $7,173 ($10,000 Canadian Funds). This note is unsecured and bears interest at ten (10) percent per annum. Repayment of this note is due no later than May 20, 2022. On July 2, 2020, Black Star was issued an additional promissory note in the principal amount of $737 ($1,000 Canadian Funds). This note is unsecured and bears interest at ten (10) percent per annum. Repayment of this note is due no later than July 2, 2022. On July 8, 2020, Black Star was issued an additional promissory note in the principal amount of $741 ($1,000 Canadian Funds). This note is unsecured and bears interest at ten (10) percent per annum. Repayment of this note is due no later than July 8, 2022. On August 4, 2020, Black Star was issued an additional promissory note in the principal amount of $4,515 ($6,000 Canadian Funds). This note is unsecured and bears interest at ten (10) percent per annum. Repayment of this note is due no later than August 4, 2022. On August 18, 2020, Black Star was issued an additional promissory note in the principal amount of $760 ($1,000 Canadian Funds). This note is unsecured and bears interest at ten (10) percent per annum. Repayment of this note is due no later than August 18, 2022. On August 31, 2020, Black Star was issued an additional promissory note in the principal amount of $6,151 ($8,000 Canadian Funds). This note is unsecured and bears interest at ten (10) percent per annum. Repayment of this note is due no later than August 31, 2022. Accrued interest was $33,132 and $7,365 as of September 30, 2020 and, 2019, which is included in other accrued liabilities, respectively.

Commitments And Contingencies

Commitments And Contingencies	6 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments And Contingencies	NOTE 6 – COMMITMENTS AND CONTINGENCIES The Company is not currently involved with and does not have knowledge of any pending or threatened litigation against the Company or any of its officers.

Subsequent Events

Subsequent Events	6 Months Ended
	Sep. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	NOTE 7 – SUBSEQUENT EVENTS Subsequent to the six-month period ended September 30, 2020, on October 23, 2020, Black Star Holdings was issued an additional promissory note in the principal amount of $10,245 ($13,500 Canadian Funds). This note is unsecured and bears interest at ten (10) percent per annum. Repayment of this note is due no later than October 23, 2022.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Revenue Recognition	Revenue Recognition We offer skincare products through our online store. Revenues are recognized gross when control of our goods are transferred to the customer, which generally occurs upon delivery to the customer. At the time an order is accepted, prices are fixed and determinable and are not subject to adjustment. We do not offer refunds, returns or exchanges. All sales are final. The Company defers revenue where the earnings process is not yet complete.
Inventories	Inventories Inventory of retail merchandise is valued at the lower of cost and net realizable value with a cost being determined on a first-in, first out method. Costs includes all costs of manufacturing the product, packaging, cost of conversion and other costs incurred in bringing the inventory to its present condition and location.
Website	Website Expenditures related to the planning and operation of the Company’s website are expensed as incurred. Expenditures related to the website application and infrastructure development are capitalized and amortized over the website’s estimated useful life of three (3) years. Amortization expense for the three and six months ended September 30, 2020 and 2019 was $1,834 and $3,662 and $1,848 and $3,315, respectively.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Financial Accounting Standards Board issued Accounting Standards Updates (“ASU”) to amend the authoritative literature in the Accounting Standards Codification (“ASC”). There have been a number of ASUs to date that amend the original text of the ASC. The Company believes those updates issued-to-date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to the Company, or (iv) are not expected to have a significant impact on the Company.

Nature Of Operations (Details N

Nature Of Operations (Details Narrative)	6 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Date of Incorporation	Nov. 18, 2005

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Total Stockholders' Deficit	$ 516,863	$ 491,091	$ 481,274	$ 420,425	$ 401,954	$ 369,685

Significant Accounting Polici_3

Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Accounting Policies [Abstract]
Website Estimated Useful Life	3 years	3 years	3 years	3 years
Website Expenses Amortization	$ 1,834	$ 3,662	$ 1,848	$ 3,315

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	6 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Mar. 31, 2020	Mar. 31, 2019
Related party advances	$ 130,992		$ 130,992
Interest Expense	6,567	$ 3,302
Investor [Member]
Accrued Interest	$ 33,132	$ 7,365
Promissory Note [Member]
Note Issuer	Black Star Holdings Ltd.			Black Star Holdings Ltd.
Issuance Date	May 20, 2020
Promissory Note Amount	$ 7,173			$ 70,000
Interest Rate	10.00%			10.00%
Maturity Date	May 20, 2022			Feb. 19, 2021
Promissory Note 1 [Member]
Note Issuer	Black Star Holdings Ltd.		Black Star Holdings Ltd.
Issuance Date	Jul. 2, 2020		Apr. 15, 2019
Promissory Note Amount	$ 737		$ 67,257
Interest Rate	10.00%		10.00%
Maturity Date	Jul. 2, 2022		Apr. 15, 2021
Promissory Note 2 [Member]
Note Issuer	Black Star Holdings Ltd.		Black Star Holdings Ltd.
Issuance Date	Jul. 8, 2020		Oct. 11, 2019
Promissory Note Amount	$ 741		$ 10,000
Interest Rate	10.00%		10.00%
Maturity Date	Jul. 8, 2022		Oct. 30, 2021
Promissory Note 3 [Member]
Note Issuer	Black Star Holdings Ltd.		Black Star Holdings Ltd.
Issuance Date	Aug. 4, 2020		Oct. 21, 2019
Promissory Note Amount	$ 4,515		$ 30,000
Interest Rate	10.00%		10.00%
Maturity Date	Aug. 4, 2022		Oct. 21, 2021
Promissory Note 4 [Member]
Note Issuer	Black Star Holdings Ltd.		Black Star Holdings Ltd.
Issuance Date	Aug. 18, 2020		Oct. 25, 2019
Promissory Note Amount	$ 760		$ 24,500
Interest Rate	10.00%		10.00%
Maturity Date	Aug. 18, 2022		Oct. 25, 2021
Promissory Note 5 [Member]
Note Issuer	Black Star Holdings Ltd.		Black Star Holdings Ltd.
Issuance Date	Aug. 31, 2020		Dec. 5, 2019
Promissory Note Amount	$ 6,151		$ 3,792
Interest Rate	10.00%		10.00%
Maturity Date	Aug. 31, 2022		Dec. 5, 2021
Promissory Note 6 [Member]
Note Issuer			Black Star Holdings Ltd.
Issuance Date			Jan. 20, 2020
Promissory Note Amount			$ 7,565
Interest Rate			10.00%
Maturity Date			Jan. 20, 2022
Promissory Note 7 [Member]
Note Issuer			Black Star Holdings Ltd.
Issuance Date			Jan. 31, 2020
Promissory Note Amount			$ 52,886
Interest Rate			10.00%
Maturity Date			Jan. 31, 2022
Promissory Note 8 [Member]
Note Issuer			Black Star Holdings Ltd.
Issuance Date			Feb. 14, 2020
Promissory Note Amount			$ 18,000
Interest Rate			10.00%
Maturity Date			Feb. 14, 2022

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Subsequent Event [Member]	1 Months Ended
	Oct. 23, 2020USD ($)
Event Date	Oct. 23, 2020
Event Description	Subsequent to the six-month period ended September 30, 2020, on October 23, 2020, Black Star Holdings was issued an additional promissory note in the principal amount of $10,245 ($13,500 Canadian Funds). This note is unsecured and bears interest at ten (10) percent per annum. Repayment of this note is due no later than October 23, 2022.
Note Issuer	Black Star Holdings Ltd.
Issuance Date	Oct. 23, 2020
Promissory Note Amount	$ 10,245
Interest Rate	10.00%
Maturity Date	Oct. 23, 2022