WRIT Media (WRIT) 10-Q 21 Aug 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2017	Aug. 21, 2017
Document And Entity Information
Entity Registrant Name	Writ Media Group, Inc.
Entity Central Index Key	1,413,547
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		51,341,463
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,017

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2017	Mar. 31, 2017
Current Assets
Cash and cash equivalents	$ 13,162	$ 8,112
Prepaid expense and other assets	615	615
Total current assets	13,777	8,727
Long Term Assets
Intangible assets, net of accumulated amortization of $126,140 and $0, respectively	4,633,860	4,760,000
Total Assets	4,647,637	4,768,727
Current Liabilities
Accounts payable	99,854	90,972
Accrued liabilities	546,385	582,243
Convertible debts, net of unamortized discount of $0 and $0, respectively	229,175	229,175
Notes payable	7,500	7,500
Notes payable - related party	125,000	125,000
Deferred revenue	55,395	55,395
Total current liabilities	1,063,309	1,090,285
Notes payable, net of unamortized discount of $38,612	21,388
Total non-current liabilities	21,388
Total Liabilities	1,084,697	1,090,285
Shareholders' Equity
Common stock, $0.00001 par, 20,000,000,000 shares authorized, 49,907,820 and 39,857,269 shares issued and outstanding, respectively	499	398
Additional paid in capital	7,783,481	7,555,477
Accumulated deficit	(4,221,040)	(3,877,433)
Total shareholders' Equity	3,562,940	3,678,442
Total Liabilities and Shareholders' Equity	4,647,637	4,768,727
Series A Preferred Stock [Member]
Shareholders' Equity
Preferred stock, Value
Series B Preferred Stock [Member]
Shareholders' Equity
Preferred stock, Value
Series C Preferred Stock [Member]
Shareholders' Equity
Preferred stock, Value

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2017	Mar. 31, 2017
Long Term Assets
Accumulated amortization	$ 126,140	$ 0
Current Liabilities
Unamortized discount on Convertible debts	0	0
Unamortized discount of notes payable	$ 38,612	$ 0
Shareholders' Equity
Common stock, Par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	20,000,000,000	20,000,000,000
Common stock, shares issued	49,907,820	39,857,269
Common stock, shares outstanding	49,907,820	39,857,269
Series A Preferred Stock [Member]
Shareholders' Equity
Preferred stock, Par value	$ 0.00001	$ .00001
Preferred stock, authorized	130,000,000	130,000,000
Preferred stock, issued	2,290	2,400
Preferred stock, outstanding	2,290	2,400
Series B Preferred Stock [Member]
Shareholders' Equity
Preferred stock, Par value	$ 0.00001	$ .00001
Preferred stock, authorized	70,000,000	70,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Series C Preferred Stock [Member]
Shareholders' Equity
Preferred stock, Par value	$ 0.00001	$ .00001
Preferred stock, authorized	20,000,000	20,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Revenue
Revenue	$ 64,985
Cost of Services
Cost of Services Sold	52,513
Amortization of intangible assets	126,140
Gross Loss	(113,668)
Operating Costs and Expenses
General and administrative	212,015	104,054
Total operating expenses	212,015	104,054
Loss from operations	(325,683)	(104,054)
Other expense
Interest expense	(17,924)	(16,283)
Net loss	$ (343,607)	$ (120,337)
Net loss per share:
Basic and diluted	$ (0.01)	$ (0.01)
Weighted average common shares outstanding:
Basic and diluted	48,196,262	18,414,181

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash Flows From Operating Activities
Net loss	$ (343,607)	$ (120,337)
Adjustments to reconcile net loss to net cash used in operating activities:
Shares issued for services
Amortization of debt discount	3,510	4,475
Amortization of intangible assets	126,140
Changes in operating assets and liabilities:
Accounts payable	63,882	(10,695)
Accrued liabilities	69,875	101,808
Net cash used in operating activities	(80,200)	(24,749)
Cash Flows From Financing Activities
Advances from related party	23,767	17,232
Repayments to related party	(23,767)
Proceeds from sale of stock	55,250	2,517
Borrowing on notes payable	30,000	5,000
Net cash provided by financing activities	85,250	24,749
Net increase in cash and cash equivalents	5,050
Cash and cash equivalents, beginning of period	8,112	264
Cash and cash equivalents, end of period	13,162	264
Supplemental disclosure information:
Income taxes paid
Interest paid	4,040
Non-cash transactions:
Common Shares issued for asset purchase		4,760,000
Common Shares issued for convertible debt and accrued interest		4,475
Debt discount due to beneficial conversion feature		4,475
Debt discount from relative fair value of warrants	42,122
Expenses paid directly by third party investors on behalf of Company	25,000
Expenses paid directly by third party debt holder on behalf of Company	30,000
Common Shares issued for series A convertible preferred stock	73
Common Shares issued for accrued compensation	$ 105,733

Organization, Business Operatio

Organization, Business Operations and Significant Accounting Policies	3 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Note 1 - Organization, Business Operations And Significant Accounting Policies	Organization and Business Operations WRIT Media Group, Inc. (“we”, “our”, “WRIT” or the “Company”) was incorporated in Delaware on March 9, 2007 to produce films, television programs and similar entertainment programs for various media formats. The Company has four wholly owned subsidiaries: Front Row Networks, Inc., Amiga Games, Inc., and Retro Infinity, Inc., and Pandora Venture Capital Corp. Front Row Networks, Inc. is a content creation company which produces, acquires and distributes live concerts in 3D for initial worldwide digital broadcast into digitally-enabled movie theaters, TV and mobile streaming providers. On August 19, 2013, the Company acquired certain software through the purchase of 100% of Amiga Games Inc. in exchange for 500,000 shares. Amiga Games Inc. became WRIT’s wholly-owned subsidiary. Amiga Games Inc. licenses classic pre-Windows computer game libraries and adapts and republishes the most popular titles for smartphones, modern game consoles, PCs, tablets, and other television streaming devices. WRIT also established a new company, Retro Infinity Inc., to publish and brand games that were not originally released for Amiga brand computers. The two companies tap into the growing “retro gaming” marketplace, building on the “Amiga”, “Atari”, and “MS-DOS” brands, delivering retro-gaming titles adapted for modern devices as well as merchandise featuring brands and characters from the games. On January 22, 2014, the Company changed the name of the corporation to WRIT Media Group, Inc. On June 20, 2016, WRIT Media Group, Inc. acquired Pandora Venture Capital Corp, a Florida based company that develops digital currency, Blockchain technology, and digital currency trading software. The Company acquired Pandora Venture Capital Corp through the issuance of 14,000,000 restricted shares of its common stock to the shareholders of Pandora, in exchange for all issued and outstanding shares of Pandora, making Pandora a wholly-owned subsidiary of WRIT Media Group, Inc. Basis of presentation The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s annual report on Form 10-K for the year ended March 31, 2017 as filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the consolidated financial statements which would substantially duplicate the disclosure contained in the audited financial statements as reported in the annual report on Form 10-K have been omitted. Intangible assets Intangible assets are initially measured at fair value. The intangible assets related to acquired software are amortized over its estimated useful life of three years using the straight-line method. Intangible assets subject to amortization are reviewed for impairment in accordance with FASB ASC 360. The Company determined that the intangible assets related to the acquired software are not impaired as of June 30, 2017. Fair value measurements The Company considers the carrying values of cash and cash equivalents, prepaid expenses and other assets, accounts payable and accrued liabilities and debt to approximate the fair value of these accounts because of the short period of time since origination or the short period of timebetween origination of the instruments and their expected realization and related rates of interest approximate current market rates. The Company has no financial instruments at June 30, 2017 and March 31, 2017 that are required to be fair valued on a recurring basis. Earnings per share Basic earnings per share is calculated by dividing net income (loss) available to common stockholders by the weighted average number of shares of the Company’s stock outstanding during the period. “Diluted earnings per share” reflects the potential dilution that could occur if our share-based awards, stock warrants and convertible securities were exercised or converted into common stock. The dilutive effect of our share-based awards is computed using the treasury stock method, which assumes all share-based awards are exercised and the hypothetical proceeds from exercise are used to purchase common stock at the average market price during the period. The incremental shares (difference between shares assumed to be issued versus purchased), to the extent they would have been dilutive, are included in the denominator of the diluted EPS calculation. The dilutive effect of our convertible preferred stock, stock warrants, and convertible debentures is computed using the if-converted method, which assumes conversion at the beginning of the year. For the three months ended June 30, 2017 and 2016, common stock equivalents related to share-based awards, stock warrants, and convertible securities are 202,469,397 and 124,657,809 respectively.

Going Concern

Going Concern	3 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Note 2 - Going Concern	As reflected in the accompanying consolidated financial statements, the Company has an accumulated deficit of $4,221,040 which includes a loss of $343,607 at June 30, 2017 and a working capital deficiency of $1,049,532. These factors raise substantial doubt about the ability of the Company to continue as a going concern. The consolidated financial statements have been prepared on a going concern basis and do not include any adjustments that might result from outcome of this uncertainty. Although management is currently attempting to implement its business plan, and is seeking additional sources of equity or debt financing, there is no assurance these activities will be successful.

Intangible Assets

Intangible Assets	3 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Note 3 - Intangible Assets	On June 20, 2016, the Company issued 14,000,000 common shares to acquire a 100% ownership interest in Pandora Venture Capital Corp. The Company evaluated the transaction under ASC 805 and determined that it should be accounted for as an asset acquisition. Pandora has developed business solutions for digital currency, blockchain technology, and digital currency trading. Pandora’s Pelecoin digital currency is a product which utilizes unique “value event” emission protocol and can be utilized with trade exchanges, loyalty rewards and a payment support platform. Pandora’s CrypFXPro is an online platform which allows investors to trade digital currencies similar to a stock exchange. Underlying the digital currency and trading software platforms is an enterprise blockchain platform that enables institutions to design, deploy, and operate financial networks that can power assets in various markets. The 14,000,000 shares were valued using the $0.34 per share closing price on the acquisition date for a total purchase price consideration of $4,760,000. The Company fair valued the different software components that make up the intangible assets in accordance with ASC 820-10-35 and allocated the purchase consideration to the different software components acquired based on their relative fair values. The Company determined the valuation of the software for each component of the asset from which the Company intends to generate a practical product. The software code was divided into three components based on product type to determine a valuation for each, based on the replacement cost of that component. The Company used the intermediate COCOMO Level II model to determine the replacement cost. The following table summarizes the composition and allocation of intangible assets as of June 30, 2017. Pelecoin digital currency software platform $ 2,270,520 Digital currency trading software 1,704,080 Blockchain “smart contract” software 785,400 Total intangible assets 4,760,000 Less – accumulated amortization (126,140 ) $ 4,633,860 For the three months ended June 30, 2017, the Company recognized amortization expense of $126,140 on the Pelecoin digital currency software platform. Ongoing software development is currently being done on the remaining software components and as such are not amortized as of June 30, 2017.

Notes Payable

Notes Payable	3 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Note 4 - Notes Payable	Notes payable consists of the following: June 30, 2017 March 31, 2017 Short term: Notes payable $ 7,500 $ 7,500 Notes payable – related party $ 125,000 $ 125,000 Long term: Notes payable, net of unamortized discount of $38,612 and $0, respectively $ 21,388 $ - The Company used the Black-Scholes model to calculate the fair value of the warrants, and record the relative fair value as a debt discount to the note. The fair value of the warrants was determined using the following assumptions: stock price of $0.05; term of 2 years, volatility of 439% and risk free rate of 1.21%. The relative fair value of the warrants recorded as a debt discount amounted to $42,122 of which $3,510 has been amortized to interest expense for the three months ended June 30, 2017.

Preferred Stock

Preferred Stock	3 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Note 5 - Preferred Stock	On April 15, 2017, EAM Delaware LLC, a Delaware Limited Liability company controlled by Eric Mitchell, the current President and Chairman of WRIT Media Group, Inc., converted 110 Preferred Series A shares into 7,307,166 common shares.

Equity

Equity	3 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Note 6 - Equity	Common Shares issued for cash During the three months ended June 30, 2017, the Company issued 1,285,000 common shares for cash totaling $80,250, of which $25,000 was for expenses paid directly by investors on behalf of Company. Common Shares issued for accrued compensation During the three months ended June 30, 2017, the Company issued 1,458,385 shares, with a fair value of $105,733, to employee Eric Mitchell, the current President and Chairman of WRIT Media Group, Inc, as payment of accrued compensation. Common Shares issued for convertible Series A Preferred stock: During the three months ended June 30, 2017, EAM Delaware LLC, a Delaware Limited Liability Company controlled by Eric Mitchell, the current President and Chairman of WRIT Media Group, Inc., converted 110 Preferred Series A shares into 7,307,166 common shares. Warrants Issued On April 16, 2017, the Company borrowed $60,000 from Bluway Marketing, LLC. Along with the promissory note, the Company issued warrants to purchase 1,650,000 shares of common stock. The warrants expire on April 17, 2019 and have an exercise price of $0.05. The warrants do not entitle the holder to any voting rights or other rights as a shareholder of the Company. As of June 30, 2017, the warrants remain un-exercised. The following table summarizes the Company’s warrant activity for the period ended June 30, 2017: Number of Units Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (in years) Intrinsic value Outstanding and exercisable at March 31, 2017 - $ - - $ - Issuance 1,650,000 0.05 2.0 Exercises - - - Forfeitures - - - Outstanding and exercisable at June 30, 2017 1,650,000 $ 0.05 1.8 $ 394,350

Related Party Balances and Tran

Related Party Balances and Transactions	3 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Note 7 - Related Party Balances and Transactions	During the three months ended June 30, 2017, the Company incurred $105,000 compensation expense for Eric Mitchell, the Company CEO and CFO, and $133,733 of accrued compensation owed to Eric Mitchell was paid; $28,000 was paid in cash and $105,733 was paid by issuance of common stock. As of June 30, 2017, the accrued compensation owed to Eric Mitchell, is $425,219 (presented as part of accrued liability balance on the accompanying consolidated balance sheets). On August 4, 2016, the Company borrowed $50,000 from related party EAM Delaware LLC, for expenses paid directly to third party on behalf of Company. The maturity date of this note is August 5, 2017 and this loan bears an interest rate of 12% per annum from the issuance date. The note is still outstanding as of June 30, 2017. On September 30, 2016 the Company converted related party advances by EAM Delaware LLC of $75,000 into a note payable. The note payable includes a prior year advance amount of $25,452. The maturity date of this note is October 1, 2017 and this loan bears an interest rate of 12% per annum from the issuance date. The note is still outstanding as of June 30, 2017. During the three months ended June 30, 2017, an aggregate amount of $23,767 was advanced by Eric Mitchell and a total of $23,767 of advances was repaid by the Company to Eric Mitchell. $0 in advances were owed to Eric Mitchell as of June 30, 2017.

Subsequent Events

Subsequent Events	3 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Note 8 - Subsequent Events	On July 3, 2017, the Company issued 234,000 common shares for services totaling $67,626. In July, 2017, the Company issued 574,643 common shares for cash totaling $46,000. On August 7, 2017 the Company issued 625,000 common shares for cash totaling $50,000.

Organization, Business Operat14

Organization, Business Operations And Significant Accounting Policies (Policies)	3 Months Ended
	Jun. 30, 2017
Organization Business Operations And Significant Accounting Policies Policies
Organization and Business Operations	WRIT Media Group, Inc. (“we”, “our”, “WRIT” or the “Company”) was incorporated in Delaware on March 9, 2007 to produce films, television programs and similar entertainment programs for various media formats. The Company has four wholly owned subsidiaries: Front Row Networks, Inc., Amiga Games, Inc., and Retro Infinity, Inc., and Pandora Venture Capital Corp. Front Row Networks, Inc. is a content creation company which produces, acquires and distributes live concerts in 3D for initial worldwide digital broadcast into digitally-enabled movie theaters, TV and mobile streaming providers. On August 19, 2013, the Company acquired certain software through the purchase of 100% of Amiga Games Inc. in exchange for 500,000 shares. Amiga Games Inc. became WRIT’s wholly-owned subsidiary. Amiga Games Inc. licenses classic pre-Windows computer game libraries and adapts and republishes the most popular titles for smartphones, modern game consoles, PCs, tablets, and other television streaming devices. WRIT also established a new company, Retro Infinity Inc., to publish and brand games that were not originally released for Amiga brand computers. The two companies tap into the growing “retro gaming” marketplace, building on the “Amiga”, “Atari”, and “MS-DOS” brands, delivering retro-gaming titles adapted for modern devices as well as merchandise featuring brands and characters from the games. On January 22, 2014, the Company changed the name of the corporation to WRIT Media Group, Inc. On June 20, 2016, WRIT Media Group, Inc. acquired Pandora Venture Capital Corp, a Florida based company that develops digital currency, Blockchain technology, and digital currency trading software. The Company acquired Pandora Venture Capital Corp through the issuance of 14,000,000 restricted shares of its common stock to the shareholders of Pandora, in exchange for all issued and outstanding shares of Pandora, making Pandora a wholly-owned subsidiary of WRIT Media Group, Inc.
Basis of presentation	The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s annual report on Form 10-K for the year ended March 31, 2017 as filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the consolidated financial statements which would substantially duplicate the disclosure contained in the audited financial statements as reported in the annual report on Form 10-K have been omitted.
Intangible assets	Intangible assets are initially measured at fair value. The intangible assets related to acquired software are amortized over its estimated useful life of three years using the straight-line method. Intangible assets subject to amortization are reviewed for impairment in accordance with FASB ASC 360. The Company determined that the intangible assets related to the acquired software are not impaired as of June 30, 2017.
Fair Value Measurements	The Company considers the carrying values of cash and cash equivalents, prepaid expenses and other assets, accounts payable and accrued liabilities and debt to approximate the fair value of these accounts because of the short period of time since origination or the short period of timebetween origination of the instruments and their expected realization and related rates of interest approximate current market rates. The Company has no financial instruments at June 30, 2017 and March 31, 2017 that are required to be fair valued on a recurring basis.
Earnings per share	Basic earnings per share is calculated by dividing net income (loss) available to common stockholders by the weighted average number of shares of the Company’s stock outstanding during the period. “Diluted earnings per share” reflects the potential dilution that could occur if our share-based awards, stock warrants and convertible securities were exercised or converted into common stock. The dilutive effect of our share-based awards is computed using the treasury stock method, which assumes all share-based awards are exercised and the hypothetical proceeds from exercise are used to purchase common stock at the average market price during the period. The incremental shares (difference between shares assumed to be issued versus purchased), to the extent they would have been dilutive, are included in the denominator of the diluted EPS calculation. The dilutive effect of our convertible preferred stock, stock warrants, and convertible debentures is computed using the if-converted method, which assumes conversion at the beginning of the year. For the three months ended June 30, 2017 and 2016, common stock equivalents related to share-based awards, stock warrants, and convertible securities are 202,469,397 and 124,657,809 respectively.

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Jun. 30, 2017
Intangible Assets Tables
Summarizes the intangible assets	Pelecoin digital currency software platform $ 2,270,520 Digital currency trading software 1,704,080 Blockchain “smart contract” software 785,400 Total intangible assets 4,760,000 Less – accumulated amortization (126,140 ) $ 4,633,860

Notes Payable (Tables)

Notes Payable (Tables)	3 Months Ended
	Jun. 30, 2017
Notes Payable Tables
Notes Payable	June 30, 2017 March 31, 2017 Short term: Notes payable $ 7,500 $ 7,500 Notes payable – related party $ 125,000 $ 125,000 Long term: Notes payable, net of unamortized discount of $38,612 and $0, respectively $ 21,388 $ -

Equity (Tables)

Equity (Tables)	3 Months Ended
	Jun. 30, 2017
Equity Tables
Warrant Activity	Number of Units Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (in years) Intrinsic value Outstanding and exercisable at March 31, 2017 - $ - - $ - Issuance 1,650,000 0.05 2.0 Exercises - - - Forfeitures - - - Outstanding and exercisable at June 30, 2017 1,650,000 $ 0.05 1.8 $ 394,350

Organization, Business Operat18

Organization, Business Operations And Significant Accounting Policies (Details Narrative) - shares	1 Months Ended		3 Months Ended
	Jun. 20, 2016	Aug. 19, 2013	Jun. 30, 2017	Mar. 31, 2017	Jun. 30, 2016
Date of incorporation			Mar. 9, 2007
State of incorporation			Delaware
Common stock shares issued			49,907,820	39,857,269
Intangible assets estimated useful life			3 years
Common stock equivalents			202,469,397		124,657,809
Amiga Games Inc [Member]
Ownership percentage		100.00%
Business acquisition shares		500,000
Pandora Venture Capital Corp [Member]
Ownership percentage	100.00%
Business acquisition shares	14,000,000
Common stock shares issued	14,000,000

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2017
Going Concern Details Narrative
Accumulated Deficit	$ (4,221,040)		$ (3,877,433)
Net loss	(343,607)	$ (120,337)
Working Capital Deficiency	$ 1,049,532

Intangible Assets (Details)

Intangible Assets (Details) - USD ($)	Jun. 30, 2017	Mar. 31, 2017
Intangible assets	$ 4,760,000
Less – accumulated amortization	(126,140)	$ 0
Total intangible assets	4,633,860	$ 4,760,000
Pelecoin digital currency software platform [Member]
Intangible assets	2,270,520
Digital currency trading software [Member]
Intangible assets	1,704,080
Blockchain smart contract software [Member]
Intangible assets	$ 785,400

Intangible Assets (Details Narr

Intangible Assets (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended
	Jun. 20, 2016	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2017
Common stock shares issued		49,907,820		39,857,269
Amortization expenses		$ 126,140
Pandora Venture Capital Corp [Member]
Common stock shares issued	14,000,000
Ownership percentage	100.00%
Business acquisition shares	14,000,000
Price per share	$ 0.34
Shares of common stock value	$ 4,760,000
Amortization expenses			$ 126,140

Notes Payable (Details)

Notes Payable (Details) - USD ($)	Jun. 30, 2017	Mar. 31, 2017
Short term:
Note payable	$ 7,500	$ 7,500
Notes payable - related party	125,000	125,000
Long term:
Notes payable, net of unamortized discount of $38,612 and $0, respectively	$ 21,388

Notes Payable (Details Narrativ

Notes Payable (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended
	Apr. 16, 2017	Jun. 30, 2017	Jun. 30, 2016
Advances from related party		$ 23,767	$ 17,232
Repayments to related party		$ (23,767)
Warrants issued		202,469,397	124,657,809
Interest expense		$ 3,510
Bluway Marketing, LLC [Member]
Advances from related party	$ 60,000
Repayments to related party	$ 30,000
Maturity date	Apr. 17, 2019
Interest rate	0.00%
Warrant exercise price	$ 0.05
Amortization of debt discount	$ 42,122
Warrants issued	1,650,000
Excercise price	$ 0.05
Experiation period	2 years
Risk free interest rate	1.21%
Fair value expected volatility rate	439.00%

Preferred Stock (Details Narrat

Preferred Stock (Details Narrative) - EAM Delaware LLC [Member] - shares	Jun. 30, 2017	Apr. 15, 2017
Series A converted preferred shares	110	110
Common shares	7,307,166	7,307,166

Equity (Details)

Equity (Details)	3 Months Ended
	Jun. 30, 2017USD ($)$ / sharesshares
Equity Details
Number of Units, Outstanding Beginning Balance | shares
Number Of Units, Issuance | shares	1,650,000
Number of Units, Exercises | shares
Number of Units, Forfeitures | shares
Number of Units, Outstanding Ending Balance | shares	1,650,000
Weighted-Average Exercise Price, Outstanding Beginning Balance | $ / shares
Weighted-Average Exercise Price, Issuance | $ / shares	0.05
Weighted-Average Exercise Price, Exercises | $ / shares
Weighted-Average Exercise Price, Forfeitures | $ / shares
Weighted-Average Exercise Price, Outstanding Ending Balance | $ / shares	$ 0.05
Weighted-Average Remaining Contractual Term (in years), Issuance	2 years
Weighted-Average Remaining Contractual Term (in years), Outstanding Ending Period	1 year 9 months 18 days
Intrinsic value, Issuance | $
Intrinsic value, Exercises | $
Intrinsic value, Forfeitures | $
Intrinsic value, Outstanding Ending Balance | $	$ 394,350

Equity (Details Narrative)

Equity (Details Narrative) - USD ($)	Aug. 04, 2016	Apr. 16, 2017	Jun. 30, 2017	Jun. 30, 2016	Apr. 15, 2017
Common stock shares issued for cash, Shares			1,285,000
Common stock shares issued for cash, Value			$ 80,250
Expenses paid directly by third party investors on behalf of Company			25,000
Advances from related party			$ 23,767	$ 17,232
Purchase of warrants			202,469,397	124,657,809
Eric Mitchell [Member]
Common stock shares issued for cash, Shares			1,458,385
Accrued compensation			$ 105,733
EAM Delaware LLC [Member]
Series A converted preferred shares			110		110
Common shares			7,307,166		7,307,166
Advances from related party	$ 50,000
Bluway Marketing LLC [Member]
Advances from related party		$ 60,000
Purchase of warrants		1,650,000
Warrant exercise price		$ 0.05
Warrant expiration date		Apr. 17, 2019

Related Party Balances And Tr27

Related Party Balances And Transactions (Details Narrative) - USD ($)	Aug. 04, 2016	Sep. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Advances from related party			$ 23,767	$ 17,232
Due to related parties
Repayments to related party			(23,767)
EAM Delaware LLC [Member]
Advances from related party	$ 50,000
Due to related parties		$ 25,452
Interest rate	12.00%	12.00%
Converted note payable		$ 75,000
Maturity date	Aug. 5, 2017	Oct. 1, 2017
Eric Mitchell [Member]
Compensation expense			105,000
Cash paid			28,000
Issuance of common stock			105,733
Accrued compensation			425,219
Accrued compensation owed			$ 133,733

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	Aug. 07, 2017	Jul. 03, 2017	Jul. 31, 2017	Jun. 30, 2017	Jun. 30, 2016
Common stock shares issued for services, Value
Common stock shares issued for cash, Shares				1,285,000
Common stock shares issued for cash, Value				$ 80,250
Subsequent Event [Member]
Common stock shares issued for services, Shares		234,000
Common stock shares issued for services, Value		$ 67,626
Common stock shares issued for cash, Shares	625,000		574,643
Common stock shares issued for cash, Value	$ 50,000		$ 46,000