Centaurus Diamond (CTDT) 10-K 5 Sep 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Mar. 31, 2017USD ($)shares
Document And Entity Information
Entity Registrant Name	CENTAURUS DIAMOND TECHNOLOGIES, INC.
Entity Central Index Key	1,435,163
Document Type	10-K
Document Period End Date	Mar. 31, 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 Public Float | $	$ 0
Entity Common Stock, Shares Outstanding | shares	220,520,623
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,017

Balance Sheets

Balance Sheets - USD ($)	Mar. 31, 2017	Mar. 31, 2016
CURRENT ASSETS:
Cash	$ 15,151	$ 13,155
Total Current Assets	15,151	13,155
PROPERTY AND EQUIPMENT
Property and equipment	8,000	8,000
Accumulated depreciation	(7,600)	(6,000)
Total Property and Equipment, net	400	2,000
OTHER ASSETS
Deposits	19,340	0
Autogenous Impact Mill Technology	1	1
Patent	1	1
Total Other Assets	19,342	2
Total Assets	34,893	15,157
CURRENT LIABILITIES:
Accounts payable and accrued expenses	80,947	39,171
Note Payable - Bauta	12,000	12,000
Default judgement liability	113,688	112,968
Advances from stockholders	480,840	276,394
Total Current Liabilities	687,475	440,533
Total Liabilities	687,475	440,533
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' DEFICIT:
Common stock par value $0.001: 450,000,000 shares authorized; 226,267,623 and 220,520,623 shares issued and outstanding at March 31, 2017 and March 31, 2016, respectively	226,267	220,520
Additional paid-in capital	2,191,544	1,842,591
Stock subscriptions accrual	0	118,100
Accumulated deficit	(3,070,393)	(2,606,587)
Total Stockholders' Deficit	(652,582)	(425,376)
Total Liabilities and Stockholders' Deficit	$ 34,893	$ 15,157

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2017	Mar. 31, 2016
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	450,000,000	450,000,000
Common stock, shares issued	226,267,623	220,520,623
Common stock, shares outstanding	226,267,623	220,520,623

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Statement [Abstract]
Revenue	$ 0	$ 0
Operating Expenses
Rent - related party	30,000	30,000
General and administrative expenses	430,926	1,788,757
Total operating expenses	460,926	1,818,757
Loss from Operations	(460,926)	(1,818,757)
Other (Income) Expense
Gain on settlement of accounts payable	0	5,241
Loss on impairment of long-lived assets	0	(5,502)
Loss on default judgement	(720)	(112,968)
Change in fair value of derivative	0	12,887
Amortization of debt discount	0	(22,739)
Interest expense	(2,160)	(7,757)
Other (income) expense, net	(2,880)	(130,838)
Loss before Income Tax	(463,806)	(1,949,595)
Income Tax	0	0
Net Loss	$ (463,806)	$ (1,949,595)
Net Loss per Common Share - Basic and Diluted	$ 0	$ (0.01)
Weighted average common shares outstanding - basic and diluted	225,511,853	137,410,269

Statement of Stockholders' Equi

Statement of Stockholders' Equity (Deficit) - USD ($)	Common Stock	Additional Paid-In Capital	Stock Subscriptions Accrual	Accumulated Deficit	Total
Beginning Balance, Shares at Mar. 31, 2015	74,200,000
Beginning Balance, Value at Mar. 31, 2015	$ 74,200	$ 442,626	$ 0	$ (656,992)	$ (140,166)
Issuance of stock to fulfill stock subscriptions, Shares	7,103,333
Issuance of stock to fulfill stock subscriptions, Value	$ 7,103	204,897	0	0	212,000
Issuance of stock for payment of accounts payable, Shares	231,000
Issuance of stock for payment of accounts payable, Value	$ 231	8,869	0	0	9,100
Issuance of stock for repayment of note payable, Shares	1,161,290
Issuance of stock for repayment of note payable, Value	$ 1,161	11,839	0	0	13,000
Issuance of stock for repayment of SH advances, Shares	30,000,000
Issuance of stock for repayment of SH advances, Value	$ 30,000	120,000	0	0	150,000
Issuance of stock for services, Shares	107,825,000
Issuance of stock for services, Value	$ 107,825	1,054,360	0	0	1,162,185
Cash received for shares issued in 2017			118,100		118,100
Net loss				(1,944,093)	(1,949,595)
Ending Balance, Shares at Mar. 31, 2016	220,520,623
Ending Balance, Value at Mar. 31, 2016	$ 220,520	1,842,591	118,100	(2,606,587)	(425,376)
Issuance of stock to fulfill stock subscriptions, Shares	5,747,000
Issuance of stock to fulfill stock subscriptions, Value	$ 5,747	348,953	(118,100)	0	225,600
Issuance of stock for payment of accounts payable, Value					0
Issuance of stock for repayment of note payable, Value					0
Issuance of stock for repayment of SH advances, Value					0
Net loss				(463,806)	(463,806)
Ending Balance, Shares at Mar. 31, 2017	226,267,623
Ending Balance, Value at Mar. 31, 2017	$ 226,267	$ 2,191,544	$ 0	$ (3,070,393)	$ (652,582)

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (463,806)	$ (1,949,595)
Adjustments to reconcile net loss to net cash used in operating activities
Stock issued for services	11,000	1,162,185
Depreciation expense	1,600	1,600
Loss on impairment of long-lived assets	0	5,502
Changes in operating assets and liabilities:
Deposits	(19,340)	0
Accounts payable and accrued expenses	41,776	48,270
Default judgement liability	720	112,968
Net cash provided by (used in) operating activities	(428,050)	(619,070)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of convertible note	0	25,000
Cash received from stock subscriptions	225,600	330,100
Advance received from (repaid to) stockholders	204,446	275,344
Net cash provided by financing activities	430,046	630,444
Net change in cash	1,996	11,374
Cash at beginning of the reporting period	13,155	1,781
Cash at end of the reporting period	15,151	13,155
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:
Interest paid	0	0
Income tax paid	0	0
NON CASH FINANCING AND INVESTING ACTIVITIES:
Stock issued for acquisition of asset	0	6,150
Stock issued for payment of accounts payable	0	9,100
Stock issued for repayment of SH Advances	0	150,000
Stock issued to reduce convertible note	0	13,000
Stock issued to fulfill stock subscriptions	$ 225,600	$ 212,000

1. Organization and Operations

1. Organization and Operations	12 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Operations	Centaurus Diamond Technologies, Inc. (Formerly Sweetwater Resources, Inc.) Sweetwater Resources, Inc. ("Sweeter") was incorporated under the laws of the State of Nevada on July 24, 2007. On July 9, 2012, Sweetwater amended its Articles of Incorporation and changed its name to Centaurus Diamond Technologies, Inc. (“Centaurus” or the “Company”). The Company has not commenced principal operations and there are various risks and uncertainties to its existence, ability to produce revenue, etc. Innovative Sales Innovative Sales (“Innovative”) was incorporated on July 27, 2001 under the laws of the State of Nevada. The Company engages in the business of research and development of industrial grade cultured diamonds that are chemically, optically and physically the same as their natural counterparts. Acquisition of Innovative Sales Treated as a Reverse Acquisition On June 5, 2012 (the "Closing Date"), the Company closed an asset acquisition pursuant to the terms of the Asset Acquisition Agreement (the "Acquisition Agreement") by and between the Company and Innovative, whereby the Company acquired all of the assets of Innovative consisting of a cultured diamond technology patent and related intellectual property (the "Assets") in exchange for: (a) 43,850,000 shares (the "Consideration Shares") of Centaurus's restricted common stock (the "Acquisition") (these shares were issued on June 7, 2012), (b) Centaurus's assumption of certain debt of Innovative in an amount not to exceed $100,000, (c) the satisfaction of all of Centaurus's debts and liabilities as of the Closing Date, and (d) Centaurus's simultaneous close on a private placement (the "Private Placement") of Centaurus's common stock and warrants to purchase shares of Centaurus's common stock for gross proceeds of at least $500,000, plus the amount necessary to pay any of Centaurus's remaining pre-closing debts, including, but not limited to, all legal and accounting costs associated with the preparation and filing of Centaurus's Annual Report on Form 10-K for the fiscal year ended March 31, 2012. The shares issued represented approximately 60.1% of the issued and outstanding common stock immediately after the consummation of the Acquisition Agreement. As a result of the controlling financial interest of the former stockholder of Innovative, for financial statement reporting purposes, the merger between the Company and Innovative has been treated as a reverse acquisition with Innovative deemed the accounting acquirer and the Company deemed the accounting acquiree under the acquisition method of accounting in accordance with section 805-10-55 of the FASB Accounting Standards Codification. The reverse acquisition is deemed a capital transaction and the net assets of Innovative (the accounting acquirer) are carried forward to the Company (the legal acquirer and the reporting entity) at their carrying value before the acquisition. The acquisition process utilizes the capital structure of the Company and the assets and liabilities of Innovative which are recorded at their historical cost. The equity of the Company is the historical equity of Innovative retroactively restated to reflect the number of shares issued by the Company in the transaction.

2. Summary of Significant Accou

2. Summary of Significant Accounting Policies	12 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Critical Accounting Policies and Use of Estimates In the opinion of Management, all adjustments necessary for a fair statement of results for the fiscal years presented have been included. These financial statements have been prepared in accordance with generally accepted accounting principles (GAAP) generally accepted in the United States of America. GAAP requires the Company to make estimates and judgments that affect the reported amounts of assets. On an on-going basis, the Company evaluates its estimates and judgments, including those related to revenue recognition, inventories, adequacy of allowances for doubtful accounts, valuation of long-lived assets, income taxes, equity-based compensation, litigation and warranties. The Company bases its estimates on historical and anticipated results and trends and on various other assumptions that the Company believes are reasonable under the circumstances, including assumptions as to future events. The policies discussed below are considered by management to be critical to an understanding of the Company’s financial statements. These estimates form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. By their nature, estimates are subject to an inherent degree of uncertainty. Actual results may differ from those estimates. Cash and Cash Equivalents There are only cash accounts included in our cash equivalents in these statements. For purposes of the statement of cash flows, the Company considers all short-term securities with a maturity of three months or less to be cash equivalents. There are no short-term cash equivalents reported in these financial statements. Property and Equipment Property and equipment are to be stated at cost less accumulated depreciation. Depreciation is recorded on a straight-line basis over the estimated useful lives of the assets, which range from three to ten years and are typically consistent with tax-basis useful lives. Maintenance and repairs are charged to operations as incurred. Revenue Recognition The Company has generated no revenue as of the date of this filing. The Company will recognize product revenue, net of sales discounts, returns and allowances, in accordance Securities and Exchange Commission Staff Accounting Bulletin No. 104, “Revenue Recognition” (“SAB No. 104”) and ASC 605. These statements establish that revenue can be recognized when persuasive evidence of an arrangement exists, delivery has occurred and all significant contractual obligations have been satisfied, the fee is fixed or determinable, and collection is considered probable. Inventory The Company records inventory at the lower of cost or market value. Income Taxes The company has net operating loss carryforwards as of March 31, 2017 totaling $3,070,393. A deferred tax benefit of approximately $644,783 has been offset by a valuation allowance of the same amount as its realization is not assured. Due to the current uncertainty of realizing the benefits of the tax NOL carry-forward, a valuation allowance equal to the tax benefits for the deferred taxes has not been established. The full realization of the tax benefit associated with the carry-forward depends predominately upon the Company’s ability to generate taxable income during future periods, which is not assured. Long-Lived Assets Long-lived assets to be held and used are tested for recoverability whenever events or changes in circumstances indicate that the related carrying amount may not be recoverable. When required, impairment losses on assets to be held and used are recognized based on the fair value of the asset. Certain long-lived assets to be disposed of by sale are reported at the lower of carrying amount or fair value less cost to sell. Fair Values of Financial Instruments ASC 825 requires the Corporation to disclose estimated fair value for its financial instruments. Fair value estimates, methods, and assumptions are set forth as follows for the Corporation’s financial instruments. The carrying amounts of cash, receivables, other current assets, payables, accrued expenses and notes payable are reported at cost but approximate fair value because of the short maturity of those instruments. Stock-Based Compensation The Company accounts for employee and non-employee stock awards under ASC 718, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable. Effects of Recently Issued Accounting Pronouncements The Company has reviewed all recently issued accounting pronouncements noting that they do not affect the financial statements. Per Share Computations Basic net earnings per share are computed using the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income by the weighted-average number of common shares and the dilutive potential common shares outstanding during the period. All shares were considered anti-dilutive at March 31, 2017 and 2016. Reclassification Certain reclassifications have been made to conform to prior periods’ data to the current presentation. These reclassifications had no effect on reported income. Fiscal Year End The Company elected March 31st as its fiscal year ending date. Subsequent Events The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The Company will evaluate subsequent events through the date when the financial statements were issued. Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer considers its financial statements issued when they are widely distributed to users, such as through filing them on EDGAR. Derivative Financial Instruments The Company evaluates all of its agreements to determine if such instruments have derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. For stock-based derivative financial instruments, the Company uses a weighted average Black-Scholes-Merton option pricing model to value the derivative instruments at inception and on subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date. As of March 31, 2017, the Company’s only derivative financial instrument was an embedded conversion feature associated with convertible promissory note due to certain provisions that allow for a change in the conversion price based on a percentage of the Company’s stock price at the date of conversion.

3. Going Concern

3. Going Concern	12 Months Ended
	Mar. 31, 2017
Going Concern
Going Concern	The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business. Since its inception, the Company has been engaged substantially in financing activities and developing its business plan and marketing. For the year ended March 31, 2017, the Company incurred a net loss of $(463,806) and the net cash flow used in operations was $(428,050) and its accumulated net losses from inception through the period ended March 31, 2017 is $(3,070,393), which raises substantial doubt about the Company’s ability to continue as a going concern. In addition, the Company’s development activities since inception have been financially sustained through capital contributions from shareholders. The ability of the Company to continue as a going concern is dependent upon its ability to raise additional capital from the sale of common stock or through debt financing and, ultimately, the achievement of significant operating revenues. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

4. Property and Equipment

4. Property and Equipment	12 Months Ended
	Mar. 31, 2017
PROPERTY AND EQUIPMENT
Property and Equipment	The Company has acquired all of its office and field work equipment with cash payments. The total fixed assets consist of various equipment items and the totals are as follows: Asset Mach 31, 2017 March 31, 2016 Equipment $ 8,000 $ 8,000 Accumulated depreciation (7,600 ) (6,000 ) Net Fixed Assets $ 400 $ 2,000 Depreciation expenses for the years ended March 31, 2017 and 2016 was $1,600 and $1,600, respectively.

5. Impairment of Long Lived Ass

5. Impairment of Long Lived Assets	12 Months Ended
	Mar. 31, 2017
Asset Impairment Charges [Abstract]
Impairment of Long Lived Assets	During the fiscal year ended March 31, 2016, the Company performed an analysis of the value of long-lived assets and determined the patent, originally valued at $6,982, had been impaired by $6,981. The related accumulated amortization of the patent at March 31, 2015 was $1,479. The Company reduced the patent by $6,981 and the accumulated amortization by $1,479. The net of these adjustments is $5,502, which was recorded to loss on impairment of long-lived assets during the fiscal year ended March 31, 2016.

6. Advances from Stockholders a

6. Advances from Stockholders and Related Party Transactions	12 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Advances from Stockholders and Related Party Transactions	Related Parties Related parties with whom the Company had transactions are: Related Parties Relationship Alvin Snaper Chairman, CEO and majority stockholder of the Company Chas Radovich Stockholder of the Company Leroy Delisle Stockholder of the Company Advances from and Stockholders From time to time, stockholders of the Company advance funds to the Company for working capital purposes. Those advances are unsecured, non-interest bearing and due on demand. Below are the details of the advances by party: Chas Radovich Leroy Delisle Total Balance at March 31, 2015 75,525 75,525 151,050 Advances for year ended March 31, 2016 152,091 123,253 275,344 Issuance of shares to repay advances (75,000 ) (75,000 ) (150,000 ) Balance at March 31, 2016 152,616 123,778 276,394 Advances for year ended March 31, 2017 115,069 89,377 204,446 Balance at March 31, 2017 $ 267,685 $ 213,155 $ 480,840 Operating Lease from Chairman and CEO On June 5, 2012 the Company entered into a lease agreement, for office space for its corporate office at 1000 W. Bonanza, Las Vegas, Nevada 89106, with its Chairman and CEO, Alvin Snaper, at $2,500 plus utilities per month on a month-to-month basis, effective June 15, 2012. During the years ended March 31, 2017 and 2016, the Company has paid or accrued $30,000 and $30,000, respectively, of rent.

7. Stockholders' Equity

7. Stockholders' Equity	12 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Stockholders' Equity	Shares Authorized Upon formation the total number of shares of all classes of capital stock which the Company is authorized to issue is four hundred fifty million (450,000,000) shares with a par value of $0.001, all of which are designated as Common Stock. Common Stock Immediately prior to the consummation of the Acquisition Agreement on June 5, 2012, the Company had 113,525,000 common shares issued and outstanding. Upon consummation of the Acquisition Agreement on June 5, 2012, the then majority stockholders of the Company surrendered 85,575,000 shares of the Company's common stock which was cancelled upon receipt and the Company issued 43,850,000 shares of its common stock pursuant to the terms and conditions of the Acquisition Agreement. On February 3, 2016, the Company issued 7,103,333 shares at various values to fulfil $212,000 of stock subscriptions. On February 3, 2016, the Company issued 6,150,000 shares of common stock to acquire the Autogenous Impact Mill technology from one of its stockholders at a value of $6,150. The stockholder owned the asset for over 20 years and the asset was fully depreciated. Assets acquired from related parties are recorded and the seller’s depreciated value; therefore, the Company recorded the asset at $1. The remaining $6,149 was recorded as research and development expenses. On February 3, 2016, the Company issued 120,000 shares of common stock at $0.03 per share as a payment against an accounts payable balance. On February 3, 2016, the Company issued 111,000 shares of common stock at $0.0495 per share as a payment against an accounts payable balance. Between September 3, 2015 and November 5, 2015, the Company issued 1,161,290 shares at an average value of $0.011 as a $13,000 payment towards a note payable. On June 8, 2015, the Company issued 30,000,000 shares of common stock at $0.005 per share to pay down $150,000 of the advances from shareholders. On June 8, 2015, the Company issued 30,000,000 shares of common stock at $0.005 per share for a total of $150,000 in exchange for services. On June 8, 2015, the Company issued 1,000,000 shares of common stock at $0.005 per share for a total of $5,000 in exchange for website design services. On February 3, 2016, the Company issued 70,675,000 shares of common stock at $0.013 per share in exchange for $918,775 of services. On May 18, 2016, the Company issued 5,747,000 shares of common stock at various values to fulfil $354,700 of stock subscriptions. There are 226,267,623 and 220,520,623 shares of common stock issued as of March 31, 2017 and 2016, respectively. Stock Subscriptions The Company received $225,600 and $330,100 of stock subscriptions during the years ended March 31, 2017 and 2016, respectively. On February 3, 2016, the Company issued 7,103,333 shares at various values to fulfil $212,000 of the stock subscriptions. On May 18, 2016, the Company issued 5,747,000 shares at various values to fulfil $354,700 of the stock subscriptions. The total stock subscription balance is $(11,000) and $118,100 as of March 31, 2017 and 2016, respectively. This is an accrual account used to capture stock-cash timing differences while presenting information consistent with transfer agent records.

8. Convertible Promissory Notes

8. Convertible Promissory Notes	12 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Convertible Promissory Notes	During the year ended March 31, 2016, the Company issued a revolving convertible promissory note to an investor for borrowing up to $250,000. The Company borrowed $25,000 under this revolving convertible promissory note during the year ended March 31, 2016 as follows: $2,500 paid directly towards legal and document fees, $5,500 paid directly towards interest expense and $17,000 deposited into the Company’s bank account. The convertible promissory note (i) are unsecured, (ii) bear interest at the rate of 5% per annum (of which six months is guaranteed with each funding), and (iii) are due the 45 days after the funding of the initial funding and six months after all subsequent funding. The convertible promissory note is convertible at any time at the option of the investor into shares of the Company’s common stock that is determined by dividing the amount to be converted by the lowest trading price of the Company’s common stock during the five days prior to conversion. If the convertible is in default, the convertible promissory note is into shares of the Company’s common stock that is determined by dividing the amount to be converted by 60% the lowest trading price of the Company’s common stock during the five days prior to conversion. Due to the potential adjustment in the conversion price associated with this convertible promissory note based on the Company’s stock price, the Company has determined that the conversion feature is considered a derivative liability. The embedded conversion feature was initially calculated to be $22,739 which are recorded as a derivative liability as of the date of issuance. The derivative liability was recorded as a debt discount to the convertible promissory note. The debt discount is being amortized over the term of the convertible promissory note. The Company recognized interest expense of $22,739 during the year ended March 31, 2016 related to the amortization of the debt discount. Also during the year ended March 31, 2016, this revolving convertible promissory note was cancelled and any remaining balances of the convertible note and derivative liability were combined into a note payable. The balance of this note payable is $12,000 as of March 31, 2017.

9. Income Tax Provision

9. Income Tax Provision	12 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Income Tax Provision	Deferred tax assets At March 31, 2017, the Company had net operating loss (“NOL”) carry–forwards for Federal income tax purposes of $3,070,393 that may be offset against future taxable income through 2037. The carry-forwards begin to expire in the year 2027. No tax benefit has been reported with respect to these net operating loss carry-forwards in the accompanying financial statements because the Company believes that the realization of the Company’s net deferred tax assets of approximately $644,783 was not considered more likely than not and accordingly, the potential tax benefits of the net loss carry-forwards are fully offset by a full valuation allowance. Deferred tax assets consist primarily of the tax effect of NOL carry-forwards. The Company has provided a full valuation allowance on the deferred tax assets because of the uncertainty regarding its realization. The valuation allowance increased approximately $95,090 and $408,259 for the reporting period ended March 31, 2017 and 2016, respectively. Components of deferred tax assets are as follows: March 31, 2017 March 31, 2016 Expected income tax benefit from NOL carry-forwards $ 644,783 $ 547,383 Less valuation allowance (644,783 ) (547,383 ) Deferred tax assets, net of valuation allowance $ - $ - Income taxes in the statements of operations A reconciliation of the federal statutory income tax rate and the effective income tax rate as a percentage of income before income taxes is as follows: March 31, 2017 March 31, 2016 Federal statutory income tax rate 21.0 % 21.0 % Change in valuation allowance on net operating loss carry-forwards (21.0 )% (21.0 )% Effective income tax rate $ - $ -

10. Commitments, Contingencies

10. Commitments, Contingencies and Concentrations	12 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingencies and Concentrations	Except for as follows the Company does not have any commitments, contingencies or concentrations: In May 2017, the Company lost a civil suit whereby the court awarded the plaintiff a default judgment of $112,968. See Note 7. The Company has accrued $113,688 and $112,968 for this judgement as of March 31, 2017 and 2016, respectively. There were no legal fees incurred with respect to this default judgement.

11. Subsequent Events

11. Subsequent Events	12 Months Ended
	Mar. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	In preparing the financial statements, management has evaluated events and transactions for potential recognition or disclosure through the date that the financial statements were available to be issued and determined there were no subsequent events resulting in adjustments to or disclosure in the financial statements, except as follows: Subsequent to March 31, 2017, the Company received $70,000 of stock subscriptions from outside investors as follows: On November 1, 2017, the Company entered into a stock purchase agreement with an outside investor; whereby 1,000,000 shares were to be issued for $0.05 per share for a total of $50,000. The $50,000 was received from the outside investor on November 16, 2017 and the shares are yet to be issued; therefore, the Company has recorded a stock subscription liability of $50,000 on the balance sheet. On June 4, 2018, the Company entered into a stock purchase agreement with an outside investor; whereby 400,000 shares were to be issued for $0.05 per share for a total of $20,000. The $20,000 was received from the outside investor on June 4, 2018 and the shares are yet to be issued; therefore, the Company has recorded a stock subscription liability of $20,000 on the balance sheet. Subsequent to March 31, 2017, the Company deemed $11,000 of stock subscriptions receivable uncollectible. As a result, the Company wrote the balance off to consulting fees. In May 2017, the Company lost a civil suit whereby the court awarded the plaintiff a default judgment of $112,968. See Note 7. The Company has accrued $113,688 and $112,968 for this judgement as of March 31, 2017 and 2016, respectively. There were no legal fees incurred with respect to this default judgement. Subsequent to March 31, 2017, stockholders have advanced funds to the Company or have paid for expenses on behalf of the Company. On September 30, 2017, these stockholders elected to contribute these advances to the Company as additional paid-in capital. See the roll forward of stockholder advances below: Chas Radovich Leroy Delisle Total Balance at March 31, 2017 $ 267,685 $ 213,155 $ 480,840 Advances for the six months ended September 30, 2017 66,685 72,782 139,467 Advances converted to APIC (334,370 ) (285,937 ) (620,307 ) Balance at September 30, 2017 - - - Advances from October 1, 2017 to date of issuance of these financial statements 7,312 131,200 138,512 Balance at date of issuance $ 7,312 $ 131,200 $ 138,512 In November 2017, 15,000,000 shares of common stock were returned to treasury due to lack of performance of the services related to those stock issuances.

2. Summary of Significant Acc18

2. Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Critical Accounting Policies and Use of Estimates	In the opinion of Management, all adjustments necessary for a fair statement of results for the fiscal years presented have been included. These financial statements have been prepared in accordance with generally accepted accounting principles (GAAP) generally accepted in the United States of America. GAAP requires the Company to make estimates and judgments that affect the reported amounts of assets. On an on-going basis, the Company evaluates its estimates and judgments, including those related to revenue recognition, inventories, adequacy of allowances for doubtful accounts, valuation of long-lived assets, income taxes, equity-based compensation, litigation and warranties. The Company bases its estimates on historical and anticipated results and trends and on various other assumptions that the Company believes are reasonable under the circumstances, including assumptions as to future events. The policies discussed below are considered by management to be critical to an understanding of the Company’s financial statements. These estimates form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. By their nature, estimates are subject to an inherent degree of uncertainty. Actual results may differ from those estimates.
Cash and Cash Equivalents	There are only cash accounts included in our cash equivalents in these statements. For purposes of the statement of cash flows, the Company considers all short-term securities with a maturity of three months or less to be cash equivalents. There are no short-term cash equivalents reported in these financial statements.
Property and Equipment	Property and equipment are to be stated at cost less accumulated depreciation. Depreciation is recorded on a straight-line basis over the estimated useful lives of the assets, which range from three to ten years and are typically consistent with tax-basis useful lives. Maintenance and repairs are charged to operations as incurred.
Revenue Recognition	The Company has generated no revenue as of the date of this filing. The Company will recognize product revenue, net of sales discounts, returns and allowances, in accordance Securities and Exchange Commission Staff Accounting Bulletin No. 104, “Revenue Recognition” (“SAB No. 104”) and ASC 605. These statements establish that revenue can be recognized when persuasive evidence of an arrangement exists, delivery has occurred and all significant contractual obligations have been satisfied, the fee is fixed or determinable, and collection is considered probable.
Inventory	The Company records inventory at the lower of cost or market value.
Income Taxes	The company has net operating loss carryforwards as of March 31, 2017 totaling $3,070,393. A deferred tax benefit of approximately $644,783 has been offset by a valuation allowance of the same amount as its realization is not assured. Due to the current uncertainty of realizing the benefits of the tax NOL carry-forward, a valuation allowance equal to the tax benefits for the deferred taxes has not been established. The full realization of the tax benefit associated with the carry-forward depends predominately upon the Company’s ability to generate taxable income during future periods, which is not assured.
Long-Lived Assets	Long-lived assets to be held and used are tested for recoverability whenever events or changes in circumstances indicate that the related carrying amount may not be recoverable. When required, impairment losses on assets to be held and used are recognized based on the fair value of the asset. Certain long-lived assets to be disposed of by sale are reported at the lower of carrying amount or fair value less cost to sell.
Fair Value of Financial Instruments	ASC 825 requires the Corporation to disclose estimated fair value for its financial instruments. Fair value estimates, methods, and assumptions are set forth as follows for the Corporation’s financial instruments. The carrying amounts of cash, receivables, other current assets, payables, accrued expenses and notes payable are reported at cost but approximate fair value because of the short maturity of those instruments.
Stock-Based Compensation	The Company accounts for employee and non-employee stock awards under ASC 718, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable.
Effects of Recently Issued Accounting Pronouncements	The Company has reviewed all recently issued accounting pronouncements noting that they do not affect the financial statements.
Per Share Computations	Basic net earnings per share are computed using the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income by the weighted-average number of common shares and the dilutive potential common shares outstanding during the period. All shares were considered anti-dilutive at March 31, 2017 and 2016.
Reclassification	Certain reclassifications have been made to conform to prior periods’ data to the current presentation. These reclassifications had no effect on reported income.
Fiscal Year End	The Company elected March 31st as its fiscal year ending date.
Subsequent Events	The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The Company will evaluate subsequent events through the date when the financial statements were issued. Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer considers its financial statements issued when they are widely distributed to users, such as through filing them on EDGAR.
Derivative Financial Instruments	The Company evaluates all of its agreements to determine if such instruments have derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. For stock-based derivative financial instruments, the Company uses a weighted average Black-Scholes-Merton option pricing model to value the derivative instruments at inception and on subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date. As of March 31, 2017, the Company’s only derivative financial instrument was an embedded conversion feature associated with convertible promissory note due to certain provisions that allow for a change in the conversion price based on a percentage of the Company’s stock price at the date of conversion.

4. Property and Equipment (Tabl

4. Property and Equipment (Tables)	12 Months Ended
	Mar. 31, 2017
PROPERTY AND EQUIPMENT
Property and Equipment	Asset Mach 31, 2017 March 31, 2016 Equipment $ 8,000 $ 8,000 Accumulated depreciation (7,600 ) (6,000 ) Net Fixed Assets $ 400 $ 2,000

6. Advances from Stockholders20

6. Advances from Stockholders and Related Party Transactions (Tables)	12 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Advances from Stockholders	Chas Radovich Leroy Delisle Total Balance at March 31, 2015 75,525 75,525 151,050 Advances for year ended March 31, 2016 152,091 123,253 275,344 Issuance of shares to repay advances (75,000 ) (75,000 ) (150,000 ) Balance at March 31, 2016 152,616 123,778 276,394 Advances for year ended March 31, 2017 115,069 89,377 204,446 Balance at March 31, 2017 $ 267,685 $ 213,155 $ 480,840

9. Income Tax Provision (Tables

9. Income Tax Provision (Tables)	12 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Deferred Tax Assets	March 31, 2017 March 31, 2016 Expected income tax benefit from NOL carry-forwards $ 644,783 $ 547,383 Less valuation allowance (644,783 ) (547,383 ) Deferred tax assets, net of valuation allowance $ - $ -
Reconciliation of Federal Income Tax Rate	March 31, 2017 March 31, 2016 Federal statutory income tax rate 21.0 % 21.0 % Change in valuation allowance on net operating loss carry-forwards (21.0 )% (21.0 )% Effective income tax rate $ - $ -

11. Subsequent Events (Tables)

11. Subsequent Events (Tables)	12 Months Ended
	Mar. 31, 2017
Subsequent Events [Abstract]
Advances from Stockholders	Chas Radovich Leroy Delisle Total Balance at March 31, 2017 $ 267,685 $ 213,155 $ 480,840 Advances for the six months ended September 30, 2017 66,685 72,782 139,467 Advances converted to APIC (334,370 ) (285,937 ) (620,307 ) Balance at September 30, 2017 - - - Advances from October 1, 2017 to date of issuance of these financial statements 7,312 131,200 138,512 Balance at date of issuance $ 7,312 $ 131,200 $ 138,512

2. Summary of Significant Acc23

2. Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Accounting Policies [Abstract]
Net operating loss carryforward	$ 3,070,393
Expected income tax benefit from NOL carry-forwards	$ 644,783	$ 547,383

3. Going Concern (Details Narra

3. Going Concern (Details Narrative) - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Going Concern
Net loss	$ (463,806)	$ (1,949,595)
Net cash used in operating activities	(428,050)	(619,070)
Accumulated deficit	$ (3,070,393)	$ (2,606,587)

4. Property and Equipment (Deta

4. Property and Equipment (Details) - USD ($)	Mar. 31, 2017	Mar. 31, 2016
PROPERTY AND EQUIPMENT
Equipment	$ 8,000	$ 8,000
Accumulated depreciation	(7,600)	(6,000)
Net Fixed Assets	$ 400	$ 2,000

4. Property and Equipment (De26

4. Property and Equipment (Details Narrative) - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
PROPERTY AND EQUIPMENT
Depreciation expense	$ 1,600	$ 1,600

5. Impairment of Long Lived A27

5. Impairment of Long Lived Assets (Details Narrative) - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Asset Impairment Charges [Abstract]
Loss on impairment of long-lived assets	$ 0	$ (5,502)

6. Advances from Stockholders28

6. Advances from Stockholders and Related Party Transactions (Details) - USD ($)	6 Months Ended	11 Months Ended	12 Months Ended
	Sep. 30, 2017	Sep. 04, 2018	Mar. 31, 2017	Mar. 31, 2016
Advances from stockholders, beginning	$ 480,840	$ 0	$ 276,394	$ 151,050
Advances for year	139,467	138,512	204,446	275,344
Issuance of shares to repay advances			0	(150,000)
Advances from stockholders, ending	0	138,512	480,840	276,394
Chas Radovich
Advances from stockholders, beginning	267,685	0	152,616	75,525
Advances for year	66,885	7,312	115,069	152,091
Issuance of shares to repay advances			0	(75,000)
Advances from stockholders, ending	0	7,312	267,685	152,616
Leroy Delisle
Advances from stockholders, beginning	213,155	0	123,778	75,525
Advances for year	72,782	131,200	89,377	123,253
Issuance of shares to repay advances			0	(75,000)
Advances from stockholders, ending	$ 0	$ 131,200	$ 213,155	$ 123,778

6. Advances from Stockholders29

6. Advances from Stockholders and Related Party Transactions (Details Narrative) - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Related Party Transactions [Abstract]
Accrued rent	$ 30,000	$ 30,000

7. Stockholders' Equity (Detail

7. Stockholders' Equity (Details Narrative) - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Equity [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	450,000,000	450,000,000
Stock subscriptions accrual	$ 0	$ 118,100

8. Convertible Promissory Not31

8. Convertible Promissory Notes (Details Narrative) - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Debt Disclosure [Abstract]
Note Payable - Bauta	$ 12,000	$ 12,000

9. Income Tax Provision (Detail

9. Income Tax Provision (Details) - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Expected income tax benefit from NOL carry-forwards	$ 644,783	$ 547,383
Less valuation allowance	(644,783)	(547,383)
Deferred tax assets, net of valuation allowance	$ 0	$ 0

9. Income Tax Provision (Deta33

9. Income Tax Provision (Details 1)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Federal statutory income tax rate	21.00%	21.00%
Change in valuation allowance on net operating loss carry-forwards	(21.00%)	(21.00%)
Effective income tax rate	0.00%	0.00%

9. Income Tax Provision (Deta34

9. Income Tax Provision (Details Narrative) - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Net operating loss carryforward	$ 3,070,393
Expected income tax benefit from NOL carry-forwards	644,783	$ 547,383
Valuation allowance increase	$ 95,090	$ 408,259

10. Commitments, Contingencie35

10. Commitments, Contingencies and Concentrations (Details Narrative) - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Default judgement liability	$ 113,688	$ 112,968

11. Subsequent Events (Details)

11. Subsequent Events (Details) - USD ($)	6 Months Ended	11 Months Ended	12 Months Ended
	Sep. 30, 2017	Sep. 04, 2018	Mar. 31, 2017	Mar. 31, 2016
Advances from stockholders, beginning	$ 480,840	$ 0	$ 276,394	$ 151,050
Advances for period	139,467	138,512	204,446	275,344
Advances converted to APIC	(620,307)
Advances from stockholders, ending	0	138,512	480,840	276,394
Chas Radovich
Advances from stockholders, beginning	267,685	0	152,616	75,525
Advances for period	66,885	7,312	115,069	152,091
Advances converted to APIC	(334,370)
Advances from stockholders, ending	0	7,312	267,685	152,616
Leroy Delisle
Advances from stockholders, beginning	213,155	0	123,778	75,525
Advances for period	72,782	131,200	89,377	123,253
Advances converted to APIC	(285,937)
Advances from stockholders, ending	$ 0	$ 131,200	$ 213,155	$ 123,778