Bingo Nation (BLTO) 10-Q 21 Dec 15 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Sep. 30, 2015	Dec. 11, 2015
Document and Entity Information:
Entity Registrant Name	INDIE GROWERS ASSOCIATION
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Trading Symbol	upot
Amendment Flag	false
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	2,016
Document Fiscal Period Focus	Q2

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)	Sep. 30, 2015	Mar. 31, 2015
Current Assets
Cash	$ 317	$ 4,469
Accounts Receivable	252,500	0
Current portion of deferred tenant incentive	6,000	0
Total current assets	258,817	4,469
Non-current assets
Buildings and infrastructure, net	285,200	289,312
Deferred tenant inducement, net	21,500	0
Total non-current assets	306,700	289,312
TOTAL ASSETS	565,517	293,780
Current Liabilities
Accounts payable and accrued liabilities	95,466	79,808
Convertible notes payable	503,444	443,754
Total current liabilities	598,910	523,562
Long Term Liabilities
Due to related parties	72,845	70,390
Deferred vendor incentive, net	3,621	4,192
Total long term liabilities	76,466	74,583
TOTAL LIABILITIES, COMMITTMENTS AND CONTINGENCIES	675,376	598,145
STOCKHOLDERS' DEFICIENCY
Common stock 400,000,000 shares authorized, at $0.001 par value; 140,881,967 shares issued and outstanding	140,882	140,882
Additional paid-in capital	114,005,495	113,945,805
Accumulated deficit	(114,256,235)	(114,391,051)
Total stockholders' deficiency	(109,858)	(304,365)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY	$ 565,517	$ 293,780

CONSOLIDATED BALANCE SHEETS PAR

CONSOLIDATED BALANCE SHEETS PARENTHETICALS (UNAUDITED) - $ / shares	Sep. 30, 2015	Mar. 31, 2015
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	140,881,967
Common Stock, shares outstanding	140,881,967	140,881,967

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
REVENUE
Rental income	$ 156,000	$ 0	$ 260,000	$ 0
EXPENSES
Land lease	3,000	3,000	6,000	3,000
Depreciation	2,454	1,196	4,908	1,196
Management fees	2,500	2,930	6,540	31,093,482
General and administrative	9,447	18,192	15,227	25,048
Interest	23,975	153,295	71,879	399,715
Professional fees	7,428	6,570	19,288	14,935
Repairs and maintenance	90	4,512	1,341	5,065
TOTAL OPERATING EXPENSES	48,893	189,695	125,184	31,542,441
NET INCOME (LOSS) FROM OPERATIONS	107,107	(189,695)	134,816	(31,542,441)
OTHER EXPENSE
Investment loss	0	0	0	(156,212)
Impairment of goodwill	0	0	0	(51,482,198)
TOTAL OTHER EXPENSE	0	0	0	(51,638,410)
NET INCOME (LOSS)	$ 107,107	$ (189,695)	$ 134,816	$ (83,180,850)
GAIN (LOSS) PER COMMON SHARE	$ 0	$ 0	$ 0	$ (0.24)
WEIGHTED AVERAGE OUTSTANDING SHARES Basic and diluted	614,122,962	340,756,360	614,122,962	340,756,360

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
OPERATING ACTIVITIES
Net income (loss)	$ 134,816	$ (83,180,850)
Adjustments to reconcile net loss to net cash used in operating activities:
Non-cash management fees	0	31,072,222
Non-cash interest expense	59,690	392,279
Non-cash impairment of goodwill	0	51,460,000
Depreciation	4,908	1,196
Investment loss	0	156,212
Changes in operating assets and liabilities:
Accounts receivable	(252,500)	0
Deferred tenant inducement	(27,500)	0
Accounts payable and accrued liabilities	15,657	69,033
Deferred vendor incentive	(572)	(572)
Net cash used in operating activities	(65,500)	(30,480)
INVESTING ACTIVITIES
Investment in Indie Growers Union	0	(106,212)
Buildings and infrastructure	(796)	(288,072)
Net cash used in investing activities	(796)	(394,284)
FINANCING ACTIVITIES
Advances from related parties	2,455	44,609
Advances for convertible debt, net	59,690	392,279
Net cash provided by financing activities	62,145	436,888
Net change in cash	(4,151)	12,124
CASH, BEGINNING OF PERIOD	4,469	0
CASH, END OF PERIOD	$ 317	$ 12,124

ORGANIZATION

ORGANIZATION	6 Months Ended
	Sep. 30, 2015
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). The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. They do not include all information and notes required by generally accepted accounting principles for complete financial statements. Except as disclosed herein, there has been no material change in the information disclosed in the notes to the financial statements included in the Annual Report on Form 10-K of the Company for the year ended March 31, 2015. In the opinion of management, all adjustments (including normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and six months ended September 30, 2015 are not necessarily indicative of the results that may be expected for the year ending March 31, 2016. For further information, these unaudited financial statements and the related notes should be read in conjunction with the Company’s audited financial statements for the year ended March 31, 2015 included in the Company’s report on Form 10-K. At September 30, 2015, 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. 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. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Sep. 30, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. 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, 2015. 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, 2015, 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, 2015
ACQUISITION OF A PROPERTY
ACQUISITION OF A PROPERTY	3. 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 July 15, 2014, the date the shares were issued, was $0.68 per share thereby valuing the acquisition at $42,160,000. River Ridge Sunshine Farms LLC holds a 10 year lease on a 40 acre property which will be subleased to licensed cannabis producers. However, no revenue was generated from leases in the year ended March 31, 2014 so the company 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.

ASSET DEPRECIATION

ASSET DEPRECIATION	6 Months Ended
	Sep. 30, 2015
ASSET DEPRECIATION
ASSET DEPRECIATION	4. ASSET DEPRECIATION September 30, 2015 Cost Accumulated Depreciation Net Book Value Buildings and infrastructure $ 294,892 $ (9,692) $ 285,200

CAPITAL STOCK

CAPITAL STOCK	6 Months Ended
	Sep. 30, 2015
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 July 15, 2014, the Company issued 62,000,000 shares to the managing member of River Ridge Sunshine Farms LLC for the acquisition of River Ridge Sunshine Farms LLC. The market value of the Company’s shares on July 15, 2014, the date the shares were issued, was $0.68 per share thereby valuing the acquisition at $42,160,000. The managing member is now our Chief Operating Officer. The shares are subject to a lock-up agreement until July 1, 2016. On August 14, 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 the convertible debt agreement.

SIGNIFICANT TRANSACTIONS WITH R

SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES	6 Months Ended
	Sep. 30, 2015
SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES
SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES	6. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES During the 3 months ended September 30, 2015, the company incurred land lease costs of $3,000 payable to our Chief Operating Officer.

RENTAL INCOME

RENTAL INCOME	6 Months Ended
	Sep. 30, 2015
RENTAL INCOME:
RENTAL INCOME	7. RENTAL INCOME During the 3 months ended September 30, 2015, the company earned $156,000 in rental income from a tenant who subleased one of our properties on May 1, 2015. However, lease payments have been deferred until the tenant is able to sell their crops.

TENANT INDUCEMENTS

TENANT INDUCEMENTS	6 Months Ended
	Sep. 30, 2015
TENANT INDUCEMENTS:
TENANT INDUCEMENTS	8. TENANT INDUCEMENTS As an inducement for our current tenant to sublease one of our properties, we purchased $30,000 of agricultural materials and provided them free of charge to the tenant. This has been recorded as a deferred vendor inducement on the consolidated balance sheet. It has been amortized on a straight line basis over the contract term of 5 years such that each quarter’s portion of the inducement will be offset against rental income in the consolidated statement of operations. For the 3 months ended September 30, 2015, $1,500 was offset against rental income.

VENDOR INCENTIVE

VENDOR INCENTIVE	6 Months Ended
	Sep. 30, 2015
VENDOR INCENTIVE:
VENDOR INCENTIVE	9. 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.

CONVERTIBLE PROMISSORY NOTES

CONVERTIBLE PROMISSORY NOTES	6 Months Ended
	Sep. 30, 2015
CONVERTIBLE PROMISSORY NOTES
CONVERTIBLE PROMISSORY NOTES	10. CONVERTIBLE PROMISSORY NOTES As of September 30, 2015, the Company had accumulated $503,444 in convertible promissory notes. The notes are due on demand, bear interest at 5%, are unsecured, and are convertible at $0.001. During the three months ended September 30, 2015, $17,380 of convertible notes were issued which had beneficial conversion features with intrinsic values in excess of the principal balance. As a result, the Company recorded debt discounts of $17,380. In addition, as these promissory notes are payable on demand, the debt discounts were fully amortized to interest expense during the period. The amount of accrued interest payable on these notes was $29,292 as of September 30, 2015 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 503,444,000 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-15 140,881,967 443,754,000 183 1.00 584,635,967 30-Apr-15 785,000 153 0.84 656,311 28-May-15 10,000,000 125 0.68 6,830,601 31-May-15 2,595,000 122 0.67 1,730,000 17-Jun-15 395,000 105 0.57 226,639 30-Jun-15 28,535,000 92 0.50 14,345,464 30-Jul-15 10,000,000 62 0.34 3,387,978 31-Jul-15 6,930,000 61 0.33 2,310,000 30-Sep-15 450,000 - - - 140,881,967 503,444,000 614,122,962

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Sep. 30, 2015
SUBSEQUENT EVENTS:
SUBSEQUENT EVENTS	11. SUBSEQUENT EVENTS In November 2015, the company secured an additional $7,500 of convertible debt financing.

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	6 Months Ended
	Sep. 30, 2015
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, 2015. 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, 2015, 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 DEPRECIATION OF CAP

SCHEDULE OF DEPRECIATION OF CAPITAL ASSETS COMPUTED (Tables)	6 Months Ended
	Sep. 30, 2015
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 ASSET DEPRECIATION

SCHEDULE OF ASSET DEPRECIATION (Tables)	6 Months Ended
	Sep. 30, 2015
SCHEDULE OF ASSET DEPRECIATION
SCHEDULE OF ASSET DEPRECIATION	September 30, 2015 Cost Accumulated Depreciation Net Book Value Buildings and infrastructure $ 294,892 $ (9,692) $ 285,200

SCHEDULE OF WEIGHTED AVERAGE NU

SCHEDULE OF WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING COMPUTED (Tables)	6 Months Ended
	Sep. 30, 2015
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 503,444,000 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-15 140,881,967 443,754,000 183 1.00 584,635,967 30-Apr-15 785,000 153 0.84 656,311 28-May-15 10,000,000 125 0.68 6,830,601 31-May-15 2,595,000 122 0.67 1,730,000 17-Jun-15 395,000 105 0.57 226,639 30-Jun-15 28,535,000 92 0.50 14,345,464 30-Jul-15 10,000,000 62 0.34 3,387,978 31-Jul-15 6,930,000 61 0.33 2,310,000 30-Sep-15 450,000 - - - 140,881,967 503,444,000 614,122,962

ORGANIZATION AND BASIS OF PRESE

ORGANIZATION AND BASIS OF PRESENTATION (Narrative) (Details) - $ / shares	Sep. 30, 2015	Mar. 31, 2015	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

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	$ 42,160,000

ASSET DEPRECIATION (Details)

ASSET DEPRECIATION (Details)	Jun. 30, 2015USD ($)
ASSET DEPRECIATION DETAILS
Buildings and infrastructure, Cost	$ 293,696
Buildings and infrastructure, Accumulated Depreciation	(9,692)
Buildings and infrastructure, Net Book Value	$ 285,200

CAPITAL STOCK TRANSACTIONS (Det

CAPITAL STOCK TRANSACTIONS (Details) - USD ($)	Dec. 28, 2014	Aug. 14, 2014	Jul. 15, 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
Stock Issued During Period, Property, Value			$ 42,160,000
Shares Issued, value Per Share			$ 0.68

SIGNIFICANT TRANSACTIONS WITH25

SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES (Details)	3 Months Ended
	Sep. 30, 2015USD ($)
SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES DETAILS
Land lease costs incurred, payable to Chief Operating Officer	$ 3,000

RENTAL INCOME (Details)

RENTAL INCOME (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
RENTAL INCOME DETAILS
Rental income	$ 156,000	$ 0	$ 260,000	$ 0

TENANT INDUCEMENTS (Details)

TENANT INDUCEMENTS (Details)	3 Months Ended
	Sep. 30, 2015USD ($)
TENANT INDUCEMENTS DETAILS
Agricultural materials purchased for providing inducement to a tenant	$ 30,000
Amount offset against rental income	$ 1,000

VENDOR INCENTIVE (Details)

VENDOR INCENTIVE (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2013
VENDOR INCENTIVE DETAILS
Current transfer agent paid off the outstanding balance		$ 5,717
Deferred vendor incentive	$ 3,621

CONVERTIBLE PROMISSORY NOTES (N

CONVERTIBLE PROMISSORY NOTES (Narrative) (Details)	Sep. 30, 2015USD ($)$ / sharesshares
CONVERTIBLE PROMISSORY NOTES NARRATIVE DETAILS
Accmulated convertible promissory notes	$ 503,444
Interest Rate on notes	5.00%
Convertible promissory notes price per share | $ / shares	$ 0.001
Debt discounts	$ 17,380
Amortized a conversion benefit recorded as interest expense	42,310
Accrued interest payable	$ 29,292
Number of shares to be issued if balance outstanding was converted into common shares | shares	503,444,000

WEIGHTED AVERAGE SHARES OUTSTAN

WEIGHTED AVERAGE SHARES OUTSTANDING COMPUTED (Details)	Sep. 30, 2015shares	Jul. 31, 2015$ / sharesshares	Jul. 30, 2015$ / sharesshares	Jun. 30, 2015$ / sharesshares	Jun. 17, 2015$ / sharesshares	May. 31, 2015$ / sharesshares	May. 28, 2015$ / sharesshares	Apr. 30, 2015$ / sharesshares	Mar. 31, 2015$ / sharesshares
WEIGHTED AVERAGE SHARES OUTSTANDING COMPUTED 2015 DETAILS
Issued Shares Outstanding									140,881,967
Potentially Dilutive Shares	450,000	6,930,000	10,000,000	28,535,000	395,000	2,595,000	10,000,000	785,000	443,754,000
Days		61	62	92	105	122	125	153	183
Weighting | $ / shares		$ 0.33	$ 0.34	$ 0.50	$ 0.57	$ 0.67	$ 0.68	$ 0.84	$ 1
Weighted Average Shares		2,310,000	3,387,978	14,345,464	226,639	1,730,000	6,830,601	656,311	584,635,967
Total Issued Shares Outstanding	140,881,967
Total Potentially Dilutive Shares	503,444,000
Total Weighted Average Shares	614,122,962

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details)	Nov. 30, 2015USD ($)
SUBSEQUENT EVENTS DETAILS
Secured an additional convertible debt financing	$ 7,500