Bingo Nation (BLTO) 10-Q/A 15 Oct 15 2015 Q2 Quarterly report (amended) Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Sep. 30, 2014	Oct. 13, 2015
Document and Entity Information:
Entity Registrant Name	INDIE GROWERS ASSOCIATION
Document Type	10-Q
Document Period End Date	Sep. 30, 2014
Trading Symbol	upot
Amendment Flag	true
Entity Central Index Key	1,376,316
Current Fiscal Year End Date	--03-31
Entity Common Stock, Shares Outstanding		140,881,967
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Amendment Description	1

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)	Sep. 30, 2014	Mar. 31, 2014
Current Assets
Cash	$ 12,124	$ 0
Non-current assets
Buildings and infrastructure, net	286,876	0
Investments	0	50,000
Total non-current assets	286,876	50,000
TOTAL ASSETS	299,000	50,000
Current Liabilities
Accounts payable and accrued liabilities	92,719	23,686
Convertible notes payable	403,724	75,945
Due to related parties	44,609	0
Total current liabilities	541,053	99,631
Long Term Liabilities
Deferred vendor incentive, net	4,764	5,336
TOTAL LIABILITIES	$ 545,817	$ 104,967
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' DEFICIENCY
Common stock 400,000,000 shares authorized, at $0.001 par value; 140,881,967 shares issued and outstanding (1,159,745 as at March 31, 2014)	$ 140,882	$ 1,160
Additional paid-in capital	113,905,775	31,056,496
Accumulated deficit	(114,293,473)	(31,112,623)
Total stockholders' deficiency	(246,817)	(54,967)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY	$ 299,000	$ 50,000

CONSOLIDATED BALANCE SHEETS PAR

CONSOLIDATED BALANCE SHEETS PARENTHETICALS (UNAUDITED) - $ / shares	Sep. 30, 2014	Mar. 31, 2014
Parentheticals
Common Stock, par value	$ 0.001	$ 0.001
Common Stock, shares authorized	400,000,000	400,000,000
Common Stock, shares issued	140,881,967	1,159,745
Common Stock, shares outstanding	140,881,967	1,159,745

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
REVENUE
Rental income	$ 0	$ 0	$ 0	$ 0
EXPENSES
Management fees	2,930	67,250	31,093,482	76,250
General and administrative	26,900	1,700	34,309	3,350
Interest	153,295	74	399,715	122
Professional fees	6,570	8,422	14,935	13,422
TOTAL OPERATING EXPENSES	189,695	77,446	31,542,441	93,144
NET INCOME (LOSS) FROM OPERATIONS	(189,695)	(77,446)	(31,542,441)	(93,144)
OTHER EXPENSE
Investment loss	0	0	(156,212)	0
Impairment of goodwill	0	0	(51,482,198)	0
TOTAL OTHER EXPENSE	0	0	(51,638,410)	0
NET INCOME (LOSS)	$ (189,695)	$ (77,446)	$ (83,180,850)	$ (93,144)
GAIN (LOSS) PER COMMON SHARE	$ 0	$ 0	$ 0.24	$ 0
WEIGHTED AVERAGE OUTSTANDING SHARES Basic and diluted	340,756,360	1,023,065	340,756,360	1,023,065

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
OPERATING ACTIVITIES
Net income (loss)	$ (83,180,850)	$ (93,144)
Adjustments to reconcile net loss to net cash used in operating activities:
Non-cash management fees	31,072,222	76,250
Non-cash interest expense	392,279	0
Non-cash impairment of goodwill	51,460,000	0
Depreciation	1,196	0
Investment loss	156,212	0
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities	69,033	11,489
Deferred vendor incentive	(572)	0
Net cash provided by (used in) operating activities	(30,480)	(5,405)
INVESTING ACTIVITIES
Investment in Indie Growers Union	(106,212)	0
Buildings and infrastructure	(288,072)	0
Net cash used in investing activities	(394,284)	0
FINANCING ACTIVITIES
Advances from related parties	44,609	0
Advances for convertible debt, net	392,279	5,405
Net cash provided by financing activities	436,888	5,405
Net change in cash	12,124	0
CASH, BEGINNING OF PERIOD	0	0
CASH, END OF PERIOD	$ 12,124	$ 0

ORGANIZATION

ORGANIZATION	6 Months Ended
	Sep. 30, 2014
ORGANIZATION
ORGANIZATION	1. ORGANIZATION The company, Viking Minerals Inc., was incorporated under the laws of the state of Nevada on March 24, 2006 with 75,000,000 authorized common shares, par value of $0.001 per share. In January 2011, the company filed an amendment with the state of Nevada to increase the authorized shares to 400,000,000 common shares, par value of $0.001 per share. On April 14, 2014 the Company changed its name to Indie Growers Association and completed a 1:200 reverse stock consolidation. All share amounts in these consolidated financial statements have been restated to reflect this stock consolidation. The company was originally organized for the purpose of acquiring and developing mineral claims (SIC Code: 1000). On June 30, 2014, the company acquired River Ridge Sunshine Farms LLC, a Washington State corporation, and in so doing, changed its business to that of real estate development for the purpose of leasing land and agricultural buildings to licensed cannabis producers (SIC Code: 5319). These financial statements are presented on the basis that we will continue as a going concern. The going concern concept contemplates the realization of assets and satisfaction of liabilities in the normal course of business. At September 30, 2014, the Company had a working capital deficit, stockholders’ deficit and operating losses for the past two years. These circumstances raise substantial doubt about the Company’s ability to continue as a going concern. While the Company is attempting to generate sufficient revenues, the Company’s cash position may not be enough to support the Company’s daily operations. Management intends to raise additional funds by way of a public or private offering. Management believes that the actions presently being taken to further implement its business plan and generate sufficient revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to increase revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate sufficient revenues. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

RESTATEMENT OF PREVIOUSLY ISSUE

RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS	6 Months Ended
	Sep. 30, 2014
RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS
RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS	2. RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS We are restating our previously issued consolidated financial statements for the 3 and 6 months ended September 30, 2014 (the “Original Statements”). On March 20, 2015, we received a comment letter from the SEC advising us of a number of filing deficiencies. In particular, they stated that with the acquisition of River Ridge Sunshine Farms LLC we no longer met the criteria of Rule 3-11 of Regulation S-X. Therefore, we were required to have the interim financial statements included in the Forms 10-Q for the quarter ended September 30, 2014 reviewed by our independent accountant. All amounts and disclosures in this Quarterly Report on Form 10-Q/A, Amendment No. 1, have been restated to correct any misstatements found by our independent accountant as a result of their review. The effect of the restatement to the Original Statements is set forth in this footnote. Comparison of restated financial statements to financial statements as originally issued UNAUDITED CONSOLIDATED BALANCE SHEET September 30, 2014 (Original) Adjustments September 30, 2014 (Restated) ASSETS Current Assets Cash $ 12,124 $ - $ 12,124 Accounts receivable 29,245 (29,245) - Notes receivable 8,849 (8,849) - Total current assets 50,218 (38,094 12,124 Non-current assets Acquisition of subsidiary 46,500,000 (46,500,000) - Buildings and infrastructure, net 284,871 2,005 286,876 Total non-current assets 46,784,871 (46,497,005) 286,876 TOTAL ASSETS $ 46,835,089 $ (46,536,089) $ 299,000 LIABILITIES AND STOCKHOLDERS’ DEFICIENCY Current Liabilities Accounts payable and accrued liabilities $ 75,176 $ 17,543 $ 92,719 Convertible notes payable 409,327 (5,603) 403,724 Due to related parties 51,459 (6,850) 44,609 Total current liabilities 535,962 5,090 541,053 Long Term Liabilities Deferred vendor incentive, net - 4,764 4,764 TOTAL LIABILITIES 535,962 9,854 545,817 COMMITMENTS AND CONTINGENCIES STOCKHOLDERS’ DEFICIENCY Common Stock 148,660 (7,778) 140,882 Additional paid-in capital 190,476,920 (76,571,145) 113,905,775 Accumulated deficit (144,326,453) 30,032,980 (114,293,473) Total stockholders’ deficiency 46,299,127 (46,545,943) (246,817) TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIENCY $ 46,835,089 $ (46,536,089) $ 299,000 UNAUDITED CONSOLIDATED INCOME STATEMENTS For the Three Months Ended September 30, 2014 (Original) Adjustments September 30, 2014 (Restated) REVENUE $ 29,245 $ (29,245) $ - EXPENSES Management fees - 2,930 2,930 General and administrative 18,218 8,682 26,900 Interest - 153,295 153,295 Professional fees 7,700 (1,130) 6,570 TOTAL OPERATING EXPENSES 25,918 163,777 189,695 NET INCOME (LOSS) FROM OPERATIONS 3,327 (193,022) (189,695) OTHER EXPENSE Investment loss - - - Loss on extinguishment of debt (61,812,500) 61,812,500 - Impairment of goodwill - - - TOTAL OTHER EXPENSE (61,812,500) 61,812,500 - NET INCOME (LOSS) $ (61,809,173) $ 61,619,478 $ (189,695) GAIN (LOSS) PER COMMON SHARE $ (0.46) $ (0.00) WEIGHTED AVERAGE OUTSTANDING SHARES Basic and diluted 134,923,472 340,756,360 UNAUDITED CONSOLIDATED INCOME STATEMENTS For the Six Months Ended September 30, 2014 (Original) Adjustments September 30, 2014 (Restated) REVENUE $ 29 ,245 $ (29,245) $ - EXPENSES Management fees 48,200,000 (17,106,518) 31,093,482 General and administrative 30,573 3,736 34,309 Interest - 399,715 399,715 Professional fees 58,120 (43,185) 14,935 TOTAL OPERATING EXPENSES 48,288,693 (16,746,252) 31,542,441 NET INCOME (LOSS) FROM OPERATIONS (48,259,448) 16,717,007 (31,542,441) OTHER EXPENSES Investment loss (156,212) - (156,212) Loss on extinguishment of debt (64,850,500) 64,850,500 - Impairment of goodwill - (51,482,198) (51,482,198) TOTAL OTHER EXPENSES (65,006,712) 13,368,302 (51,638,410) NET INCOME (LOSS) $ (113,266,159) $ 30,085,309 $ (81,180,850) GAIN (LOSS) PER COMMON SHARE $ (2.05) $ (0.24) WEIGHTED AVERAGE OUTSTANDING SHARES Basic and diluted 55,381,868 340,756,360 UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOW For the Six Months Ended September 30, 2014 (Original) Adjustments September 30, 2014 (Restated) OPERATING ACTIVITIES Net income (loss) $ (113,266,159) $ 30,085,159 $ (83,180,150) Adjustments to reconcile net loss to net cash used in operating activities: Non-cash management fees 48,200,000 (17,127,778) 31,072,222 Non-cash interest expense - 392,279 392,279 Non-cash impairment of goodwill - - 51,460,000 Depreciation - 1,196 1,196 Investment loss 156,212 - 156,212 Changes in operating assets and liabilities: Accounts payable and accrued liabilities 48,738 20,295 69,033 Accounts receivable (29,245) 29,245 - Note receivable (8,849) 8,849 - Shares issued in debt conversion 64,850,500 (64,850,500) - Deferred vendor incentive - (572) (572) Net cash used in operating activities (48,803) 18,323 (30,480) INVESTING ACTIVITIES Investment in Indie Growers Union - (106,212) (106,212) Buildings and infrastructure (284,871) (3,201) (288,072) Net cash used in investing activities (284,871) (109,413) (394,284) FINANCING ACTIVITIES Advances from (payments to) related parties 13,209 31,400 44,609 Advances for convertible debt, net 295,270 97,009 392,279 Net cash provided by financing activities 308,479 128,409 436,888 Net change in cash (25,195) 37,319 12,124 CASH, BEGINNING OF PERIOD 37,319 (37,319) - CASH, END OF PERIOD $ 12,124 $ - $ 12,124

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Sep. 30, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basic and Diluted Net Loss Per Share Basic net loss per share amounts are computed based on the weighted average number of shares outstanding. Diluted net loss per share amounts are computed using the weighted average number of common and common equivalent shares outstanding as if shares had been issued on the exercise of the common share rights unless the exercise becomes anti-dilutive and then the basic and diluted per share amounts are the same. Estimates and Assumptions The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain of the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the year. The Company regularly evaluates estimates and assumptions. The Company bases its estimates and assumptions on current facts, historical experience and various other factors it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company's estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. The most significant estimates with regard to these financial statements relate to the carrying values of unproven mineral properties, expected lives of equipment, determination of fair values of stock based transactions and valuation of deferred income taxes. Capital Assets A Capital Asset is defined as a unit of tangible property that: (1) has an economic useful life of more than 12 months; and (2) was acquired or produced for a cost of more than $500, including acquisition and installation costs on the same invoice. Capital Assets are stated at historical cost less accumulated depreciation and accumulated impairment losses. Subsequent costs are included in the asset's carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. All repairs and maintenance are charged to the statement of operations during the financial period in which they are incurred. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognized in the statement of operations. Depreciation of capital assets is computed as follows: Furniture and fixtures 7 year straight line Computer equipment 5 year straight line Buildings and infrastructure 30 year straight line Leasehold Improvements Straight line over the term of lease Impairment of Long-lived Assets The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under ASC 360-10-35-17 if events or circumstances indicate that their carrying amounts might not be recoverable. When the Company determines that an impairment analysis should be done, the analysis will be performed using rules of ASC 930-360-35, Asset Impairment, and 360-10-15-3 through 15-5, Impairment or Disposal of Long-Lived Assets. Investments Investments in companies that are not consolidated, but over which the Company exercises significant influence, are accounted for under the equity method of accounting. Whether or not the Company exercises significant influence with respect to an investee depends on an evaluation of several factors, including, among others, ownership level. Under the equity method of accounting, an investee company’s accounts are not reflected within the Company’s Balance Sheets and Statements of Operations; however, the Company’s share of the earnings or losses of the investee company is reflected in the Company’s statements of operations and the Company’s carrying value in an equity method investee company is reflected in the Company’s balance sheets. The Company evaluates these investments for other-than-temporary declines in value each quarterly period. Any impairment found to be other than temporary would be recorded through a charge to earnings. Revenue Recognition Revenue is recognized when all applicable recognition criteria have been met, which generally include (a) persuasive evidence of an existing arrangement; (b) fixed or determinable price; (c) delivery has occurred or service has been rendered; and (d) collectability is reasonably assured. Fair Value of Financial Instruments The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The estimated fair value of cash, trade payables, and loans approximates their carrying value due to their short-term nature. Income Taxes The Company utilizes the liability method of accounting for income taxes. Under the liability method deferred tax assets and liabilities are determined based on differences between financial reporting and the tax bases of the assets and liabilities and are measured using the enacted tax rates and laws that will be in effect, when the differences are expected to be reversed. An allowance against deferred tax assets is recorded, when it is more likely than not, that such tax benefits will not be realized. Recent Accounting Pronouncements On June 10, 2014, The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, consolidation, which removes all incremental financial reporting requirements from GAAP for development stage entities, including the removal of Topic 915 from the FASB Accounting Standards Codification. For the first annual period beginning after December 15, 2014, the presentation and disclosure requirements in Topic 915 will no longer be required for the public business entities. The revised consolidation standards are effective one year later, in annual periods beginning after December 15, 2015. Early adoption is permitted. The Company has adopted the amendment as of 3 and 6 months ended September 30, 2014. There are several new accounting pronouncements issued by the Financial Accounting Standards Board (“FASB”) which are not yet effective. Each of these pronouncements, as applicable, has been or will be adopted by the Company. As of September 30, 2014, none of these pronouncements is expected to have a material effect on the financial position, results of operations or cash flows of the Company.

ACQUISITION OF A PROPERTY

ACQUISITION OF A PROPERTY	6 Months Ended
	Sep. 30, 2014
ACQUISITION OF A PROPERTY
ACQUISITION OF A PROPERTY	4. ACQUISITION OF A PROPERTY On April 8, 2014, the Company entered into a share exchange agreement with the unit holders of Indie Growers Union LLC of Washington state wherein the Company would issue a total of 87,500,000 shares of common stock and $185,000 cash in exchange for all of the outstanding member units and assets of Indie Growers Union LLC. The company advanced $185,000 but cancelled the agreement prior to issuing the shares. The company recovered $28,788 of the $185,000 cash and has recorded an investment loss of $(156,212) in the consolidated statement of operations. On June 30, 2014, the Company acquired River Ridge Sunshine Farms LLC, a Washington state corporation in exchange for 62,000,000 shares. The market value of the Company’s shares on the acquisition date was $0.83 per share thereby valuing the shares at $51,460,000. River Ridge Sunshine Farms LLC holds a 10 year lease on a 40 acre property which has been subleased to licensed cannabis producers. The Net Book Value of the acquired assets and liabilities at June 30, 2014 was (22,198) therefore the transaction has been recorded as an acquisition of goodwill where goodwill is in excess of the purchase price as follows: Share Value 51,460,000 Net book value of acquired assets 22,198 Goodwill 51,482,198 However, no revenue was generated from leases in the year ended March 31, 2015 so the company has determined that the value of this acquisition should be fully impaired. An impairment of goodwill has been recorded in the consolidated statement of operations effective as of the date of acquisition.

CAPITAL STOCK

CAPITAL STOCK	6 Months Ended
	Sep. 30, 2014
CAPITAL STOCK
CAPITAL STOCK	5. CAPITAL STOCK On May 2, 2014, the company issued 21,000,000 shares of its common stock for services to two of our directors. The market value of the Company’s shares on the May 2, 2014, the date the shares were issued, was $2.35 per share thereby valuing the management fees at $49,350,000. However, on December 28, 2014, one of the directors resigned and relinquished his title to 7,777,778 of the shares. The net effect of $31,072,222 has been recorded as management fees in the consolidated statements of operations for this transaction. On May 14, 2014, the company issued 2,000,000 shares of its common stock for $2,000 of convertible debt. The stock was valued at par value in accordance with the convertible debt agreement. On June 30, 2014, the company acquired River Ridge Sunshine Farms LLC and subsequently issued 62,000,000 shares to the managing member of River Ridge Sunshine Farms LLC. The market value of the Company’s shares on June 30, 2014 was $0.83 per share thereby valuing the shares at $51,460,000. The managing member is now our Chief Operating Officer. The shares are subject to a lock-up agreement until July 1, 2016. On July 21, 2014, the company issued 62,500,000 shares of its common stock for $62,500 of convertible debt. The stock was valued at par value in accordance with a convertible debt agreement.

SIGNIFICANT TRANSACTIONS WITH R

SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES	6 Months Ended
	Sep. 30, 2014
SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES
SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES	6. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES During the period ended September 30, 2014, the company had repaid a portion of the debt owing to its Chief Financial Officer. The balance remaining at September 30, 2104 was $44,609. The advance has no set repayment terms and does not bear interest. During the period ended September 30, 2014, we accrued $3000 in lease fees on the property owned by our Chief Financial Officer.

VENDOR INCENTIVE

VENDOR INCENTIVE	6 Months Ended
	Sep. 30, 2014
VENDOR INCENTIVE:
VENDOR INCENTIVE	7. VENDOR INCENTIVE In December 2013, the Company’s current transfer agent paid off the outstanding balance of $5,717 owed to the former transfer agent. This has been recorded as a deferred vendor incentive on the consolidated balance sheet. It has been amortized on a straight line basis over the contract term of 5 years such that each year’s portion of the incentive will be offset against transfer agent fees in the consolidated statement of operations. The balance as of September 30, 2014 is $4,764.

CONVERTIBLE PROMISSORY NOTES

CONVERTIBLE PROMISSORY NOTES	6 Months Ended
	Sep. 30, 2014
CONVERTIBLE PROMISSORY NOTES
CONVERTIBLE PROMISSORY NOTES	8. CONVERTIBLE PROMISSORY NOTES As of September 30, 2014, the Company had accumulated $403,724 in convertible promissory notes. The notes are due on demand, bear interest at 5%, are unsecured, and are convertible at $0.001. The Company assessed the conversion option and determined that during the period the note had a beneficial conversion feature with intrinsic values in excess of the debt. Therefore, the Company fully amortized a conversion benefit of $392,279 for the current period and recorded it as an interest expense as of September 30, 2014. The amount of accrued interest payable on these notes was $7,436 as of September 30, 2014 and is included in Accounts Payable and Accrued Liabilities. If the balance outstanding was converted into common shares, the amount of shares to be issued would be 403,724,000 common shares. The weighted average number of shares outstanding has been computed as if these shares were issued on the date the funds were advanced to the Company as follows: Date Issued Shares Outstanding Potentially Dilutive Shares Days Weighting Weighted Average Shares 31-Mar-14 1,159,745 75,945,000 183 1.00 77,104,745 30-Apr-14 138,820,000 153 0.84 116,062,623 02-May-14 13,222,222 151 0.83 10,910,139 14-May-14 2,000,000 (2,000,000) 139 0.76 - 31-May-14 35,960,000 122 0.67 23,973,333 11-Jun-14 35,000,000 111 0.61 21,229,508 20-Jun-14 18,500,000 102 0.56 10,311,475 30-Jun-14 15,705,000 92 0.50 7,895,410 30-Jun-14 62,000,000 92 0.50 31,169,399 01-Jul-14 15,000,000 91 0.50 7,459,016 21-Jul-14 62,500,000 (62,500,000) 71 0.39 - 30-Jul-14 94,415,000 62 0.34 31,987,596 31-Aug-14 16,184,000 30 0.16 2,653,115 30-Sep-14 22,695,000 0 0.00 - 140,881,967 403,724,000 340,756,360

INCOME TAXES

INCOME TAXES	6 Months Ended
	Sep. 30, 2014
INCOME TAXES:
INCOME TAXES	9. INCOME TAXES As of September 30, 2014, the Company has not generated any revenue. Therefore, the company has not made any allowance for income taxes during this period.

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	6 Months Ended
	Sep. 30, 2014
Accounting Policies:
Basic and Diluted Net Loss Per Share	Basic and Diluted Net Loss Per Share Basic net loss per share amounts are computed based on the weighted average number of shares outstanding. Diluted net loss per share amounts are computed using the weighted average number of common and common equivalent shares outstanding as if shares had been issued on the exercise of the common share rights unless the exercise becomes anti-dilutive and then the basic and diluted per share amounts are the same.
Estimates and Assumptions	Estimates and Assumptions The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain of the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the year. The Company regularly evaluates estimates and assumptions. The Company bases its estimates and assumptions on current facts, historical experience and various other factors it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company's estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. The most significant estimates with regard to these financial statements relate to the carrying values of unproven mineral properties, expected lives of equipment, determination of fair values of stock based transactions and valuation of deferred income taxes.
Capital Assets	Capital Assets A Capital Asset is defined as a unit of tangible property that: (1) has an economic useful life of more than 12 months; and (2) was acquired or produced for a cost of more than $500, including acquisition and installation costs on the same invoice. Capital Assets are stated at historical cost less accumulated depreciation and accumulated impairment losses. Subsequent costs are included in the asset's carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. All repairs and maintenance are charged to the statement of operations during the financial period in which they are incurred. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognized in the statement of operations. Depreciation of capital assets is computed as follows: Furniture and fixtures 7 year straight line Computer equipment 5 year straight line Buildings and infrastructure 30 year straight line Leasehold Improvements Straight line over the term of lease
Impairment of Long-lived Assets	Impairment of Long-lived Assets The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under ASC 360-10-35-17 if events or circumstances indicate that their carrying amounts might not be recoverable. When the Company determines that an impairment analysis should be done, the analysis will be performed using rules of ASC 930-360-35, Asset Impairment, and 360-10-15-3 through 15-5, Impairment or Disposal of Long-Lived Assets.
Investments, Policy	Investments Investments in companies that are not consolidated, but over which the Company exercises significant influence, are accounted for under the equity method of accounting. Whether or not the Company exercises significant influence with respect to an investee depends on an evaluation of several factors, including, among others, ownership level. Under the equity method of accounting, an investee company’s accounts are not reflected within the Company’s Balance Sheets and Statements of Operations; however, the Company’s share of the earnings or losses of the investee company is reflected in the Company’s statements of operations and the Company’s carrying value in an equity method investee company is reflected in the Company’s balance sheets. The Company evaluates these investments for other-than-temporary declines in value each quarterly period. Any impairment found to be other than temporary would be recorded through a charge to earnings.
Revenue Recognition	Revenue Recognition Revenue is recognized when all applicable recognition criteria have been met, which generally include (a) persuasive evidence of an existing arrangement; (b) fixed or determinable price; (c) delivery has occurred or service has been rendered; and (d) collectability is reasonably assured.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The estimated fair value of cash, trade payables, and loans approximates their carrying value due to their short-term nature.
Income Taxes, Policy	Income Taxes The Company utilizes the liability method of accounting for income taxes. Under the liability method deferred tax assets and liabilities are determined based on differences between financial reporting and the tax bases of the assets and liabilities and are measured using the enacted tax rates and laws that will be in effect, when the differences are expected to be reversed. An allowance against deferred tax assets is recorded, when it is more likely than not, that such tax benefits will not be realized.
Recent Accounting Pronouncements	Recent Accounting Pronouncements On June 10, 2014, The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, consolidation, which removes all incremental financial reporting requirements from GAAP for development stage entities, including the removal of Topic 915 from the FASB Accounting Standards Codification. For the first annual period beginning after December 15, 2014, the presentation and disclosure requirements in Topic 915 will no longer be required for the public business entities. The revised consolidation standards are effective one year later, in annual periods beginning after December 15, 2015. Early adoption is permitted. The Company has adopted the amendment as of 3 and 6 months ended September 30, 2014. There are several new accounting pronouncements issued by the Financial Accounting Standards Board (“FASB”) which are not yet effective. Each of these pronouncements, as applicable, has been or will be adopted by the Company. As of September 30, 2014, none of these pronouncements is expected to have a material effect on the financial position, results of operations or cash flows of the Company.

SCHEDULE OF COMPARISON OF RESTA

SCHEDULE OF COMPARISON OF RESTATED FINANCIAL STATEMENTS TO FINANCIAL STATEMENTS AS ORIGINALLY ISSUED (Tables)	6 Months Ended
	Sep. 30, 2014
SCHEDULE OF COMPARISON OF RESTATED FINANCIAL STATEMENTS TO FINANCIAL STATEMENTS AS ORIGINALLY ISSUED
SCHEDULE OF COMPARISON OF RESTATED FINANCIAL STATEMENTS TO FINANCIAL STATEMENTS AS ORIGINALLY ISSUED	Comparison of restated financial statements to financial statements as originally issued UNAUDITED CONSOLIDATED BALANCE SHEET September 30, 2014 (Original) Adjustments September 30, 2014 (Restated) ASSETS Current Assets Cash $ 12,124 $ - $ 12,124 Accounts receivable 29,245 (29,245) - Notes receivable 8,849 (8,849) - Total current assets 50,218 (38,094 12,124 Non-current assets Acquisition of subsidiary 46,500,000 (46,500,000) - Buildings and infrastructure, net 284,871 2,005 286,876 Total non-current assets 46,784,871 (46,497,005) 286,876 TOTAL ASSETS $ 46,835,089 $ (46,536,089) $ 299,000 LIABILITIES AND STOCKHOLDERS’ DEFICIENCY Current Liabilities Accounts payable and accrued liabilities $ 75,176 $ 17,543 $ 92,719 Convertible notes payable 409,327 (5,603) 403,724 Due to related parties 51,459 (6,850) 44,609 Total current liabilities 535,962 5,090 541,053 Long Term Liabilities Deferred vendor incentive, net - 4,764 4,764 TOTAL LIABILITIES 535,962 9,854 545,817 COMMITMENTS AND CONTINGENCIES STOCKHOLDERS’ DEFICIENCY Common Stock 148,660 (7,778) 140,882 Additional paid-in capital 190,476,920 (76,571,145) 113,905,775 Accumulated deficit (144,326,453) 30,032,980 (114,293,473) Total stockholders’ deficiency 46,299,127 (46,545,943) (246,817) TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIENCY $ 46,835,089 $ (46,536,089) $ 299,000 UNAUDITED CONSOLIDATED INCOME STATEMENTS For the Three Months Ended September 30, 2014 (Original) Adjustments September 30, 2014 (Restated) REVENUE $ 29,245 $ (29,245) $ - EXPENSES Management fees - 2,930 2,930 General and administrative 18,218 8,682 26,900 Interest - 153,295 153,295 Professional fees 7,700 (1,130) 6,570 TOTAL OPERATING EXPENSES 25,918 163,777 189,695 NET INCOME (LOSS) FROM OPERATIONS 3,327 (193,022) (189,695) OTHER EXPENSE Investment loss - - - Loss on extinguishment of debt (61,812,500) 61,812,500 - Impairment of goodwill - - - TOTAL OTHER EXPENSE (61,812,500) 61,812,500 - NET INCOME (LOSS) $ (61,809,173) $ 61,619,478 $ (189,695) GAIN (LOSS) PER COMMON SHARE $ (0.46) $ (0.00) WEIGHTED AVERAGE OUTSTANDING SHARES Basic and diluted 134,923,472 340,756,360 UNAUDITED CONSOLIDATED INCOME STATEMENTS For the Six Months Ended September 30, 2014 (Original) Adjustments September 30, 2014 (Restated) REVENUE $ 29 ,245 $ (29,245) $ - EXPENSES Management fees 48,200,000 (17,106,518) 31,093,482 General and administrative 30,573 3,736 34,309 Interest - 399,715 399,715 Professional fees 58,120 (43,185) 14,935 TOTAL OPERATING EXPENSES 48,288,693 (16,746,252) 31,542,441 NET INCOME (LOSS) FROM OPERATIONS (48,259,448) 16,717,007 (31,542,441) OTHER EXPENSES Investment loss (156,212) - (156,212) Loss on extinguishment of debt (64,850,500) 64,850,500 - Impairment of goodwill - (51,482,198) (51,482,198) TOTAL OTHER EXPENSES (65,006,712) 13,368,302 (51,638,410) NET INCOME (LOSS) $ (113,266,159) $ 30,085,309 $ (81,180,850) GAIN (LOSS) PER COMMON SHARE $ (2.05) $ (0.24) WEIGHTED AVERAGE OUTSTANDING SHARES Basic and diluted 55,381,868 340,756,360 UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOW For the Six Months Ended September 30, 2014 (Original) Adjustments September 30, 2014 (Restated) OPERATING ACTIVITIES Net income (loss) $ (113,266,159) $ 30,085,159 $ (83,180,150) Adjustments to reconcile net loss to net cash used in operating activities: Non-cash management fees 48,200,000 (17,127,778) 31,072,222 Non-cash interest expense - 392,279 392,279 Non-cash impairment of goodwill - - 51,460,000 Depreciation - 1,196 1,196 Investment loss 156,212 - 156,212 Changes in operating assets and liabilities: Accounts payable and accrued liabilities 48,738 20,295 69,033 Accounts receivable (29,245) 29,245 - Note receivable (8,849) 8,849 - Shares issued in debt conversion 64,850,500 (64,850,500) - Deferred vendor incentive - (572) (572) Net cash used in operating activities (48,803) 18,323 (30,480) INVESTING ACTIVITIES Investment in Indie Growers Union - (106,212) (106,212) Buildings and infrastructure (284,871) (3,201) (288,072) Net cash used in investing activities (284,871) (109,413) (394,284) FINANCING ACTIVITIES Advances from (payments to) related parties 13,209 31,400 44,609 Advances for convertible debt, net 295,270 97,009 392,279 Net cash provided by financing activities 308,479 128,409 436,888 Net change in cash (25,195) 37,319 12,124 CASH, BEGINNING OF PERIOD 37,319 (37,319) - CASH, END OF PERIOD $ 12,124 $ - $ 12,124

SCHEDULE OF DEPRECIATION OF CAP

SCHEDULE OF DEPRECIATION OF CAPITAL ASSETS COMPUTED (Tables)	6 Months Ended
	Sep. 30, 2014
SCHEDULE OF DEPRECIATION OF CAPITAL ASSETS COMPUTED:
SCHEDULE OF DEPRECIATION OF CAPITAL ASSETS COMPUTED	Depreciation of capital assets is computed as follows: Furniture and fixtures 7 year straight line Computer equipment 5 year straight line Buildings and infrastructure 30 year straight line Leasehold Improvements Straight line over the term of lease

SCHEDULE OF ACQUISITION OF GOOD

SCHEDULE OF ACQUISITION OF GOODWILL, IN EXCESS OF PURCHASE PRICE (Tables)	6 Months Ended
	Sep. 30, 2014
SCHEDULE OF ACQUISITION OF GOODWILL, IN EXCESS OF PURCHASE PRICE:
SCHEDULE OF ACQUISITION OF GOODWILL, IN EXCESS OF PURCHASE PRICE	Value of the acquired assets and liabilities at June 30, 2014 was (22,198) therefore the transaction has been recorded as an acquisition of goodwill where goodwill is in excess of the purchase price as follows: Share Value 51,460,000 Net book value of acquired assets 22,198 Goodwill 51,482,198

SCHEDULE OF WEIGHTED AVERAGE NU

SCHEDULE OF WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING COMPUTED (Tables)	6 Months Ended
	Sep. 30, 2014
SCHEDULE OF WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING COMPUTED
SCHEDULE OF WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING COMPUTED	If the balance outstanding was converted into common shares, the amount of shares to be issued would be 403,724,000 common shares. The weighted average number of shares outstanding has been computed as if these shares were issued on the date the funds were advanced to the Company as follows: Date Issued Shares Outstanding Potentially Dilutive Shares Days Weighting Weighted Average Shares 31-Mar-14 1,159,745 75,945,000 183 1.00 77,104,745 30-Apr-14 138,820,000 153 0.84 116,062,623 02-May-14 13,222,222 151 0.83 10,910,139 14-May-14 2,000,000 (2,000,000) 139 0.76 - 31-May-14 35,960,000 122 0.67 23,973,333 11-Jun-14 35,000,000 111 0.61 21,229,508 20-Jun-14 18,500,000 102 0.56 10,311,475 30-Jun-14 15,705,000 92 0.50 7,895,410 30-Jun-14 62,000,000 92 0.50 31,169,399 01-Jul-14 15,000,000 91 0.50 7,459,016 21-Jul-14 62,500,000 (62,500,000) 71 0.39 - 30-Jul-14 94,415,000 62 0.34 31,987,596 31-Aug-14 16,184,000 30 0.16 2,653,115 30-Sep-14 22,695,000 0 0.00 - 140,881,967 403,724,000 340,756,360

ORGANIZATION AND BASIS OF PRESE

ORGANIZATION AND BASIS OF PRESENTATION (Narrative) (Details) - $ / shares	Sep. 30, 2014	Mar. 31, 2014	Jan. 31, 2011	Mar. 31, 2006
ORGANIZATION AND BASIS OF PRESENTATION Details
Common Stock, Shares Authorized	40,000,000	40,000,000	40,000,000	75,000,000
Common Stock, par value	$ 0.001	$ 0.001	$ 0.001	$ 0.001

SUMMARY OF SIGNIFICANT ACCOUN21

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details)	6 Months Ended
	Sep. 30, 2014USD ($)$ / sharesshares
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Details
Promissory Note | $	$ 120,000
Convertible at per Share	$ 0.001
Number of Shares Diluted | shares	120,000,000

ACQUISITION OF A PROPERTY (Deta

ACQUISITION OF A PROPERTY (Details) - USD ($)	Jun. 30, 2014	Apr. 08, 2014
ACQUISITION OF A PROPERTY DETAILS
Shares of common stock issued		87,500,000
Cash in exchange for all of the outstanding member units		$ 185,000
Cash Paid for Acquisition		185,000
Recovered Deposit		28,788
Balance amount recorded an investment loss		$ (156,212)
Acquired River Ridge Sunshine Farms LLC in exchange for shares	62,000,000
Share Value	$ 51,460,000
Net book value of acquired assets	22,198
Goodwill	$ 51,482,198

CAPITAL STOCK TRANSACTIONS (Det

CAPITAL STOCK TRANSACTIONS (Details) - USD ($)	Dec. 28, 2014	Jul. 21, 2014	Jun. 30, 2014	May. 14, 2014	May. 02, 2014
Equity Transactions
Issued shares of common stock for services					21,000,000
Stock Issued for Debt, Value					$ 49,350,000
Shares Issued, Price Per Share					$ 2.35
Shares relinquished by resigning director	7,777,778
Net effect recorded as management fees	$ 31,072,222
Issued shares of common stock for convertible debt		62,500,000		2,000,000
Shares of common stock for convertible debt value		$ 62,500		$ 2,000
Shares issued for property, Shares			62,000,000
Stock Issued During Period, Property, Value			$ 51,460,000
Shares Issued, value Per Share			$ 0.83

SIGNIFICANT TRANSACTIONS WITH24

SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES (Details)	6 Months Ended
	Sep. 30, 2014USD ($)
SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES DETAILS
Advances from related parties	$ 44,609
Accrued lease fees on property owned by CFO	$ 3,000

VENDOR INCENTIVE (Details)

VENDOR INCENTIVE (Details) - USD ($)	Sep. 30, 2014	Dec. 31, 2013
VENDOR INCENTIVE DETAILS
Current transfer agent paid off the outstanding balance		$ 5,717
Deferred vendor incentive	$ 4,764

CONVERTIBLE PROMISSORY NOTES (N

CONVERTIBLE PROMISSORY NOTES (Narrative) (Details)	Sep. 30, 2014USD ($)$ / sharesshares
CONVERTIBLE PROMISSORY NOTES NARRATIVE DETAILS
Accmulated convertible promissory notes	$ 403,724
Interest Rate on notes	5.00%
Convertible promissory notes price per share | $ / shares	$ 0.001
Amortized a conversion benefit recorded as interest expense	$ 392,279
Accrued interest payable	$ 7,436
Number of shares to be issued if balance outstanding was converted into common shares | shares	403,724,000

WEIGHTED AVERAGE SHARES OUTSTAN

WEIGHTED AVERAGE SHARES OUTSTANDING COMPUTED (Details)	Sep. 30, 2014shares	Aug. 31, 2014shares	Jul. 30, 2014shares	Jul. 21, 2014shares	Jul. 02, 2014shares	Jun. 30, 2014shares	Jun. 20, 2014shares	Jun. 11, 2014shares	May. 31, 2014shares	May. 14, 2014shares	May. 02, 2014shares	Apr. 30, 2014shares	Mar. 31, 2014shares
WEIGHTED AVERAGE SHARES OUTSTANDING COMPUTED DETAILS
Issued Shares Outstanding				62,500,000		62,000,000				2,000,000	13,222,222		1,159,745
Potentially Dilutive Shares	22,695,000	16,184,000	94,415,000	(62,500,000)	15,000,000	15,705,000	18,500,000	35,000,000	35,960,000	(2,000,000)		138,820,000	75,945,000
Days	0	30	62	71	91	92	102	111	122	139	151	153	183
Weighting	0	0.16	0.34	0.39	0.50	0.50	0.56	0.61	0.67	0.76	0.83	0.84	1
Weighted Average Shares		2,653,115	31,987,596		7,459,016	7,895,410	10,311,475	21,229,508	23,973,333		10,910,139	116,062,623	77,104,745
Weighted Average Shares						31,169,399
Total Issued Shares Outstanding	140,881,967
Total Potentially Dilutive Shares	403,724,000
Total Weighted Average Shares	340,756,360