Transportation and Logistics Systems (TLSS) 10-Q19 Aug 142015 Q1 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
Document and Entity Information	Jun. 30, 2014	Aug. 14, 2014
Document And Entity Information	'	'
Entity Registrant Name	'PETROTERRA CORP.	'
Entity Central Index Key	'0001463208	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--03-31	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	64,299,000
Document Fiscal Period Focus	'Q1	'
Document Fiscal Year Focus	'2015	'

Balance_Sheets_Unaudited

Balance Sheets (Unaudited) (USD $)	Jun. 30, 2014	Mar. 31, 2014
Current assets	'	'
Cash	$1,282	$9,037
Total current assets	1,282	9,037
Oil & Gas Exploration	737,500	450,000
Fixed Assets, net of accumulated depreciation of $310 and $177 as of June 30, 2014 and March 31, 2014, respectively	1,290	1,423
Website, net of accumulated amortization of $4,926 and $2,734, as of June 30, 2014 and March 31, 2014, respectively	24,877	27,069
Total Assets	764,949	487,529
Current Liabilities:	'	'
Accounts payable	37,776	22,873
Accrued liabilities	11,000	14,688
Accrued liabilities, director	10,000	15,000
Notes payable, related-party	10,118	10,118
Total current liabilities	68,894	62,679
Total liabilities	68,894	62,679
Shareholders' Deficiency	'	'
Preferred Stock: $0.001 par value, 10,000,000 shares authorized; no shares issues and outstanding as of June 30, 2014 and March 31, 2014.	'	'
Common stock; $0.001 par value, 100,000,000 shares authorized; 64,299,000 and 63,699,000 shares issued and outstanding as of June 30, 2014 and March 31, 2014, respectively	64,299	63,699
Additional paid-in-capital	1,084,186	634,786
Common stock payable	'	90,000
Deficit accumulated during development stage	-452,430	-363,635
Total shareholders' equity	696,055	424,850
Total liabilities and shareholders' equity (deficiency)	$764,949	$487,529

Balance_Sheets_Unaudited_Paren

Balance Sheets (Unaudited) (Parenthetical) (USD $)	Jun. 30, 2014	Mar. 31, 2014
Statement of Financial Position [Abstract]	'	'
Fixed Assets, net of accumulated depreciation	$310	$177
Website, net of accumulated amortization	$4,926	$2,734
Preferred Stock, par value	$0.00	$0.00
Preferred Stock, authorized	10,000,000	10,000,000
Preferred Stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	64,299,000	63,699,000
Common Stock, shares outstanding	64,299,000	63,699,000

Statements_of_Operations_Unaud

Statements of Operations (Unaudited) (USD $)	3 Months Ended		71 Months Ended
Statements of Operations (Unaudited) (USD $)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014
EXPENSES	'	'	'
Lease property and exploration costs	$16,830	'	$67,775
General and administrative expenses	39,179	4,040	203,145
Professional fees	32,786	'	143,850
Stock compensation expense	'	'	37,660
Net loss from Operation before Taxes	-88,795	-4,040	-452,430
PROVISION FOR INCOME TAXES	'	'	'
NET LOSS	($88,795)	($4,040)	($452,430)
(LOSS) PER COMMON SHARE-BASIC AND DILUTED	$0	$0	'
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	64,107,791	53,024,000	'

Statements_of_Stockholders_Equ

Statements of Stockholders' Equity (Deficiency) (Unaudited) (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Common Stock Payable [Member]	Accumulated Deficit During Exploration [Member]	Total
Beginning Balance at Jul. 24, 2008	'	'	'	'	'
Common stock issued for cash at $0.0000625 per share on November 28, 2008	$14,400	($13,500)	'	'	$900
Common stock issued for cash at $0.0000625 per share on November 28, 2008, shares	14,400,000	'	'	'	'
Common stock issued for cash at $0.0000625 per share on December 5, 2008	32,000	-30,000	'	'	2,000
Common stock issued for cash at $0.0000625 per share on December 5, 2008, shares	32,000,000	'	'	'	'
Common stock issued for cash at $0.0000625 per share on March 19, 2009	30,240	-11,340	'	'	18,900
Common stock issued for cash at $0.0000625 per share on March 19, 2009, shares	30,240,000	'	'	'	'
Net (loss)	'	'	'	-1,238	-1,238
Ending Balance at Mar. 31, 2009	76,640	-54,840	'	-1,238	20,562
Ending Balance, Shares at Mar. 31, 2009	76,640,000	'	'	'	'
Net (loss)	'	'	'	-27,699	-27,699
Ending Balance at Mar. 31, 2010	76,640	-54,840	'	-28,937	-7,137
Ending Balance, Shares at Mar. 31, 2010	76,640,000	'	'	'	'
Net (loss)	'	'	'	-10,436	-10,436
Ending Balance at Mar. 31, 2011	76,640	-54,840	'	-39,373	-17,573
Beginning Balance, Shares at Mar. 31, 2011	76,640,000	'	'	'	'
Common shares cancelled on December 14, 2011	-23,872	23,872	'	'	'
Common shares cancelled on December 14, 2011, shares	-23,872,000	'	'	'	'
Common stock issued for services	256	-96	'	'	160
Common stock issued for services, shares	256,000	'	'	'	'
Net (loss)	'	'	'	-17,315	-17,315
Ending Balance at Mar. 31, 2012	53,024	-31,064	'	-56,688	-34,728
Ending Balance, Shares at Mar. 31, 2012	53,024,000	'	'	'	'
Services payable in common stock at $0.75 per share	'	'	'	'	'
Common stock issued for services	'	'	'	'	'
Net (loss)	'	'	'	-15,547	-15,547
Ending Balance at Mar. 31, 2013	53,024	-31,064	'	-72,235	-50,275
Ending Balance, Shares at Mar. 31, 2013	53,024,000	'	'	'	'
Common shares issued in exchange of debt on October 2, 2013	10,000	41,525	'	'	51,525
Common shares issued in exchange of debt on October 2, 2013, shares	10,000,000	'	'	'	'
Common shares issued for cash at $1.00 per share on November 1, 2013	75	74,925	'	'	75,000
Common shares issued for cash at $1.00 per share on November 1, 2013, shares	75,000	'	'	'	'
Common shares issued for acquisition of land lease at $1.00 per share on November 20, 2013	250	249,750	'	'	250,000
Common shares issued for acquisition of land lease at $1.00 per share on November 20, 2013, shares	250,000	'	'	'	'
Common shares issued for cash at $0.75 per share on May 7, 2014	200	149,800	'	'	150,000
Common shares issued for cash at $0.75 per share on May 7, 2014, shares	200,000	'	'	'	'
Common shares issued for cash at $1.00 per share on December 19, 2013	150	149,850	'	'	150,000
Common shares issued for cash at $1.00 per share on December 19, 2013, shares	150,000	'	'	'	'
Common stock payable for private placement proceeds	'	'	52,500	'	52,500
Services payable in common stock at $0.75 per share	'	'	37,500	'	37,500
Common stock issued for services	'	'	'	'	'
Net (loss)	'	'	'	-291,400	-291,400
Ending Balance at Mar. 31, 2014	63,699	634,786	90,000	-363,635	424,850
Ending Balance, Shares at Mar. 31, 2014	63,699,000	'	'	'	'
Common shares issued for acquisition of land lease at $0.75 per share on April 12, 2013	250	187,250	'	'	187,500
Common shares issued for acquisition of land lease at $0.75 per share on April 12, 2013, shares	250,000	'	'	'	'
Common shares issued for cash at $0.75 per share on May 7, 2014	200	149,800	'	'	150,000
Common shares issued for cash at $0.75 per share on May 7, 2014, shares	200,000	'	'	'	'
Common stock payable for private placement proceeds	100	74,900	-52,500	'	22,500
Common stock payable for private placement proceeds, shares	100,000	'	'	'	'
Issuance of services payable shares in common stock at $0.75 per share	50	37,450	-37,500	'	'
Issuance of services payable shares in common stock at $0.75per share, shares	50,000	'	'	'	'
Common stock issued for services	'	'	'	'	'
Net (loss)	'	'	'	-88,795	-88,795
Ending Balance at Jun. 30, 2014	$64,299	$1,084,186	'	($452,430)	$696,055
Ending Balance, Shares at Jun. 30, 2014	64,299,000	'	'	'	'

Statements_of_Stockholders_Equ1

Statements of Stockholders' Equity (Deficiency) (Unaudited) (Parenthetical) (USD $)	3 Months Ended	8 Months Ended	12 Months Ended
	Jun. 30, 2014	Mar. 31, 2009	Mar. 31, 2014
Statement of Stockholders' Equity [Abstract]	'	'	'
Common stock issued during period, per share	$0.75	$0.00	$1
Common stock issued during period, per share	$0.75	$0.00	$1
Common stock issued during period, per share	'	$0.00	$1
Common stock issued during period, per share	'	'	$0.75
Common stock issued during period, per share	'	'	$0.75

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	3 Months Ended		71 Months Ended
Statements of Cash Flows (USD $)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014
OPERATING ACTIVITIES	'	'	'
Net income (loss)	($88,795)	($4,040)	($452,430)
Adjustments to reconcile net income (loss) to net cash used in operating activities:	'	'	'
Services payable in common stock	'	'	37,500
Common stock issued for services	'	'	160
Depreciation and amortization	2,325	'	5,236
Increase (decrease) in:	'	'	'
Accounts payables and accrued liabilities	14,902	-2,795	37,775
Accrued expenses	-3,687	'	11,000
Related Party Loans - paid directly to vendors on behalf of the Company	'	6,835	41,143
Accrued payroll, officer	-5,000	'	10,000
Net cash used in operating activities	-80,255	'	-309,615
INVESTING ACTIVITIES	'	'	'
Investment in Oil & Gas Exploration	-100,000	'	-300,000
Investment in fixed assets and website	'	'	-31,403
Net cash used in investing activities	-100,000	'	-331,403
FINANCING ACTIVITIES	'	'	'
Loans from Director	'	'	20,500
Sales of Common stock	172,500	'	621,800
Net cash provided by financing activities	172,500	0	642,300
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	-7,755	'	1,282
CASH AND CASH EQUIVALENTS-BEGINNING OF PERIOD	9,037	'	'
CASH AND CASH EQUIVALENTS-END OF PERIOD	1,282	'	1,282
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:	'	'	'
Cash paid for interest	'	'	'
Cash paid for taxes	'	'	'
NON-CASH INVESTING AND FINANCING ACTIVITIES:	'	'	'
Common stock issued for services	'	37,500	37,500
Common stock issued upon conversion of notes payable	'	'	51,525
Common stock issued for the acquisition of land lease	$187,500	'	$437,500

Organization_and_Business_Oper

Organization and Business Operations	3 Months Ended
Organization and Business Operations	Jun. 30, 2014
Organization And Business Operations	'
Organization and Business Operations	'
	1. ORGANIZATION AND BUSINESS OPERATIONS

	PetroTerra Corp. (the “Company”) was incorporated under the laws of the State of Nevada, on July 25, 2008. The Company is in the development stage as defined under Accounting Codification Standard or ACS, Development Stage Entities (“ASC-915”) and plans to identify, evaluate and acquire oil and gas exploration and development opportunities primarily within the United States. The Company has not generated any revenue to date and consequently its operations are subject to all risks inherent in the establishment of a new business enterprise. For the period from inception on July 25, 2008 through June 30, 2014, the Company has accumulated losses of $452,430.

Going_Concern

Going Concern	3 Months Ended
Going Concern	Jun. 30, 2014
Going Concern	'
Going Concern	'
	2. GOING CONCERN

	The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $452,430 as of June 30, 2014 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities which have arisen from normal business operations as they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand loans from our director and/or private placements of common stock.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	3 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of Presentation

	The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.

	These statements reflect all adjustments, including of normal recurring adjustments, which, in the opinion of management, are necessary for fair presentation of the information contained therein. It is suggested that these unaudited interim financial statements be read in conjunction with the financial statements of the Company for the year ended March 31, 2014 and notes thereto included in the Company’s annual report on Form 10-K. The Company follows the same accounting policies in the preparation of its annual and interim reports.

	Cash and Cash Equivalents

	The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents.

	Use of Estimates and Assumptions

	The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect 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 reporting period. Actual results could differ from those estimates. In management’s opinion, all adjustments necessary for a fair statement of the results for the interim periods have been made and all adjustments are of a normal recurring nature.

	Foreign Currency Translation

	The Company’s functional currency and its reporting currency is the United States dollar.

	Stock Split

	On December 18, 2013, the Company filed a Certificate of Change with the Secretary of State of the State of Nevada to effect a reverse stock split of its outstanding and authorized shares of common stock at a ratio of one for two (the “Reverse Stock Split”).

	As a result of the Reverse Stock Split, the Company’s authorized shares of common stock were decreased from 200,000,000 to 100,000,000 shares and its authorized shares of preferred stock were decreased from 20,000,000 to 10,000,000 shares. Upon the effectiveness of the Reverse Stock Split, which occurred on December 20, 2013, the Company’s issued and outstanding shares of common stock was decreased from 126,698,000 to 63,349,000 shares, all with a par value of $0.001. The Company has no outstanding shares of preferred stock. Accordingly, all share and per share information has been restated to retroactively show the effect of the Reverse Stock Split.

	Stock-based Compensation

	In September 2009, the FASB issued ASC-718, “Stock Compensation”. ASC-718 requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on the grant date fair value of the award. Under ASC-718, the Company must determine the appropriate fair value model to be used for valuing share-based payments, the amortization method for compensation cost and the transition method to be used at date of adoption.

	Income Taxes

	Income taxes are accounted for under the assets and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating losses and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled.

	Basic and Diluted Loss Per Share

	The Company computes loss per share in accordance with ASC-260, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of outstanding shares of common stock during the period. Diluted loss per share gives effect to all dilutive potential shares of common stock outstanding during the period. Dilutive loss per share excludes all potential shares of common stock if their effect is anti-dilutive. The Company has no potential dilutive instruments and accordingly basic loss and diluted loss per share are equal.

	Fiscal Periods

	The Company’s fiscal year end is March 31.

	Recent accounting pronouncements

	We have reviewed all the recent accounting pronouncements issued to date, and we do not believe any of these pronouncements will have a material impact on the Company.

	Revenue Recognition

	The Company will recognize revenue in accordance with ACS - 605, “Revenue recognition”, ASC-605 requires that four basic criteria be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required.

	Oil and Gas

	The Company complies with ASC 932, “Extractive Activities - Oil and Gas”. The Company has capitalized exploratory well costs, and has determined that there are no suspended well costs that should be impaired. The Company reviews its long-lived assets for impairments when events or changes in circumstances indicate that impairment may have occurred.

	Website

	The Company capitalizes the costs associated with the development of the Company’s website pursuant to ASC - 350, “Goodwill and Other”. Other costs related to the maintenance of the website are expensed as incurred. Amortization is provided over the estimated useful lives of three years using the straight-line method for financial statement purposes. The Company commenced amortization upon completion of the Company’s fully operational website. Amortization expense for the six months ended June 30, 2014 and 2013 totaled $2,192 and $0, respectively.

	Property and Equipment

	Property and equipment are carried at cost. Expenditures for major renewals and betterments that extend the useful lives of property and equipment are capitalized. Expenditures for maintenance and repairs are charged to expense as incurred. Depreciation and amortization of property and equipment is provided using the straight-line method for financial reporting purposes at rates based on the following estimated useful lives:

	Classification		Useful Life
Computer equipment		3 Years
Website design		3 Years
Patents and trademarks		15 Years

Advertising

The Company follows the policy of charging the costs of advertising to expenses incurred. The Company incurred $0 in advertising costs during the period July 25, 2008 (inception) to June 30, 2014.

Acquisition_of_Oil_and_Gas_Pro

Acquisition of Oil and Gas Properties	3 Months Ended
Acquisition of Oil and Gas Properties	Jun. 30, 2014
Business Combinations [Abstract]	'
Acquisition of Oil and Gas Properties	'
	4. ACQUISITION OF OIL AND GAS PROPERTIES

	On November 18, 2013, the Company entered into an assignment of lease (the “Agreement”) whereby Ardmore Investments Inc. (“Ardmore”) assigned to the Company its rights under a certain purchase agreement (the “Purchase Agreement”), dated August 8, 2013, between Ardmore and Pioneer Oil and Gas (“Pioneer”) involving the sale of 5,905.54 acres of oil and gas leases located in the Central Utah Thrust Belt in Beaver County and Sevier County, Utah and currently owned by Pioneer (the “Leases”). Per the terms of the Agreement, we issued to Ardmore an aggregate 500,000 shares (250,000 share installments) of our common stock on November 18, 2013, and April 12, 2014, in order to complete the assignment. Furthermore, on December 12, 2013, February 12, 2014, and April 12, 2014, the Company made three installment payments of $100,000 each to Pioneer. Upon completion of the final installment the leases were conveyed to the Company.

	Due to the lack of an active market of the Company’s common stock, the fair value of the common stock issued to Ardmore was determined based on the price at which the Company’s shares were most recently sold in a private placement transaction.

Common_Stock

Common Stock	3 Months Ended
Common Stock	Jun. 30, 2014
Equity [Abstract]	'
Common Stock	'
	5. COMMON STOCK

	The Company’s authorized capital consist of 100,000,000 shares of common stock and 10,000,000 shares of preferred stock, both with a par value of $0.001 per share.

	This gives effect to the Company’s 32 for 1 forward stock split that was effected on January 3, 2012 and the Company’s subsequent Reverse Stock Split that was effected on December 18, 2013. All share and per share information has been restated in this Report to retroactively show the effect of the two stock splits.

	On December 18, 2013, the Company effectuated a Reverse Stock Split of its outstanding and authorized shares of common stock at a ratio of one for two. As a result of the Reverse Stock Split, the Company’s authorized shares of common stock were decreased from 200,000,000 to 100,000,000 shares and its authorized shares of preferred stock were decreased from 20,000,000 to 10,000,000 shares. Upon the effectiveness of the Reverse Stock Split, which occurred on December 20, 2013, the Company’s issued and outstanding shares of common stock was decreased from 126,698,000 to 63,349,000 shares, all with a par value of $0.001. The Company has no outstanding shares of preferred stock. Accordingly, all share and per share information has been restated to retroactively show the effect of the Reverse Stock Split.

	On November 28, 2008, the Company issued 14,400,000 shares of common stock at a price of $0.0000625 per share for total cash proceeds of $900.

	On December 4, 2008, the Company issued 32,000,000 shares of common stock at a price of $0.0000625 per share for total cash proceeds of $2,000.

	During the period December 10, 2008 to March 19, 2009, the Company issued 30,240,000 shares of common stock at a price of $0.000625 per share for total cash proceeds of $18,900.

	On December 14, 2011, in connection with a change in the Company’s directors, two controlling stockholders cancelled an aggregate of 23,872,000 shares of common stock. On the same day, 256,000 shares of common stock were issued to a director for services rendered. The common stock was valued at $0.000625 per share.

	On October 2, 2013, John Barton purchased 43.0% of the issued and outstanding shares of common stock of the Company from former stockholders. Concurrently with Mr. Barton’s purchase, the Board of Directors of the Company determined that it was in the best interest of the Company to settle a portion of an outstanding loan from Mr. Barton to the Company. In exchange for the settlement of the outstanding debt, the Company issued Mr. Barton 10,000,000 shares of common stock. Upon completion of the above transactions, Mr. Barton became the beneficial owner of 52.01% of the issued and outstanding shares of common stock .

	On November 1, 2013, the Company sold a total of 75,000 shares of common stock for gross proceeds of $75,000.

	On November 20, 2013, the Company issued 250,000 shares of common stock in conjunction with a land lease assignment with a value of $250,000.

	On December 19, 2013, the Company sold a total of 150,000 shares of common stock for gross proceeds of $150,000.

	On February 14, 2014, the Company sold a total of 200,000 shares of common stock for gross proceeds of $150,000.

	On March 6, 2014, the Company authorized the issuance of 50,000 shares of common stock to a third party entity for consulting services. The fair value of the shares of common stock was $37,500. On March 31, 2014, the $37,500 was recorded to common stock payable and a stock certificate representing the shares of common stock was issued on June 30, 2014.

	On March 10, 2014, the Company entered into a private placement for 100,000 shares of common stock for gross proceeds of $75,000. On March 10, 2014 and March 25, 2014, the Company received an aggregate of $52,500 of the proceeds. The remaining $22,500 of proceeds was received on April 24, 2014. A certificate representing the shares of common stock payable was issued on April 24 2014.

	On April 12, 2014, in connection with the Agreement, the Company issued to Ardmore 250,000 shares of our common stock.

	On May 7, 2014, the Company sold a total of 200,000 shares of common stock for gross proceeds of $150,000.

	As of June 30, 2014, the Company had 64,299,000 shares of common stock issued and outstanding.

Income_Taxes

Income Taxes	3 Months Ended
Income Taxes	Jun. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	6. INCOME TAXES

	As of June 30, 2014, the Company had net operating loss carry forwards of approximately $452,430 that may be available to reduce future years’ taxable income through 2033. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur. Accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
Related Party Transactions	Jun. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	7. RELATED PARTY TRANSACTIONS

	The Company has received advances from certain of its officers and other related parties to meet short term working capital needs. These advances may not have formal repayment terms or arrangements. As of June 30, 2014 and March 31, 2014, the total amount loaned to the Company by a director was $10,118. The loan is non-interest bearing, due upon demand and unsecured.

	On October 2, 2013, the Company settled an outstanding loan with a principal amount of $51,525 by exchanging 10,000,000 shares of common stock for conversion of outstanding debt of $20,000 due to the Company’s chief executive officer and the remaining $31,525 of outstanding debt due to the previous chief executive officer was extinguished to Additional paid-in capital.

	On October 2, 2013, the Company settled an outstanding loan with a principal amount of $20,000 due to the Company’s Chief Executive Officer in exchange for 10,000,000 shares of common stock.

Subsequent_Event

Subsequent Event	3 Months Ended
Subsequent Event	Jun. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Event	'
	8. SUBSEQUENT EVENT

	The Company has evaluated subsequent events from June 30, 2014 through the filing of these financial statements. There are no significant subsequent events, except as disclosed below:

	Common Stock

	In August, 2014 the Company sold 483,871 shares of common stock for gross proceeds of $150,000.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Basis of Presentation	'
	Basis of Presentation

	The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.

	These statements reflect all adjustments, including of normal recurring adjustments, which, in the opinion of management, are necessary for fair presentation of the information contained therein. It is suggested that these unaudited interim financial statements be read in conjunction with the financial statements of the Company for the year ended March 31, 2014 and notes thereto included in the Company’s annual report on Form 10-K. The Company follows the same accounting policies in the preparation of its annual and interim reports.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents

	The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents.
Use of Estimates and Assumptions	'
	Use of Estimates and Assumptions

	The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect 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 reporting period. Actual results could differ from those estimates. In management’s opinion, all adjustments necessary for a fair statement of the results for the interim periods have been made and all adjustments are of a normal recurring nature.
Foreign Currency Translation	'
	Foreign Currency Translation

	The Company’s functional currency and its reporting currency is the United States dollar.
Stock Split	'
	Stock Split

	On December 18, 2013, the Company filed a Certificate of Change with the Secretary of State of the State of Nevada to effect a reverse stock split of its outstanding and authorized shares of common stock at a ratio of one for two (the “Reverse Stock Split”).

	As a result of the Reverse Stock Split, the Company’s authorized shares of common stock were decreased from 200,000,000 to 100,000,000 shares and its authorized shares of preferred stock were decreased from 20,000,000 to 10,000,000 shares. Upon the effectiveness of the Reverse Stock Split, which occurred on December 20, 2013, the Company’s issued and outstanding shares of common stock was decreased from 126,698,000 to 63,349,000 shares, all with a par value of $0.001. The Company has no outstanding shares of preferred stock. Accordingly, all share and per share information has been restated to retroactively show the effect of the Reverse Stock Split.
Stock-based Compensation	'
	Stock-based Compensation

	In September 2009, the FASB issued ASC-718, “Stock Compensation”. ASC-718 requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on the grant date fair value of the award. Under ASC-718, the Company must determine the appropriate fair value model to be used for valuing share-based payments, the amortization method for compensation cost and the transition method to be used at date of adoption.
Income Taxes	'
	Income Taxes

	Income taxes are accounted for under the assets and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating losses and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled.
Basic and Diluted Loss Per Share	'
	Basic and Diluted Loss Per Share

	The Company computes loss per share in accordance with ASC-260, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of outstanding shares of common stock during the period. Diluted loss per share gives effect to all dilutive potential shares of common stock outstanding during the period. Dilutive loss per share excludes all potential shares of common stock if their effect is anti-dilutive. The Company has no potential dilutive instruments and accordingly basic loss and diluted loss per share are equal.
Fiscal Periods	'
	Fiscal Periods

	The Company’s fiscal year end is March 31.
Recent Accounting Pronouncements	'
	Recent accounting pronouncements

	We have reviewed all the recent accounting pronouncements issued to date, and we do not believe any of these pronouncements will have a material impact on the Company.
Revenue Recognition	'
	Revenue Recognition

	The Company will recognize revenue in accordance with ACS - 605, “Revenue recognition”, ASC-605 requires that four basic criteria be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required.
Oil and Gas	'
	Oil and Gas

	The Company complies with ASC 932, “Extractive Activities - Oil and Gas”. The Company has capitalized exploratory well costs, and has determined that there are no suspended well costs that should be impaired. The Company reviews its long-lived assets for impairments when events or changes in circumstances indicate that impairment may have occurred.
Website	'
	Website

	The Company capitalizes the costs associated with the development of the Company’s website pursuant to ASC - 350, “Goodwill and Other”. Other costs related to the maintenance of the website are expensed as incurred. Amortization is provided over the estimated useful lives of three years using the straight-line method for financial statement purposes. The Company commenced amortization upon completion of the Company’s fully operational website. Amortization expense for the six months ended June 30, 2014 and 2013 totaled $2,192 and $0, respectively.
Property and Equipment	'
	Property and Equipment

	Property and equipment are carried at cost. Expenditures for major renewals and betterments that extend the useful lives of property and equipment are capitalized. Expenditures for maintenance and repairs are charged to expense as incurred. Depreciation and amortization of property and equipment is provided using the straight-line method for financial reporting purposes at rates based on the following estimated useful lives:

	Classification	Useful Life
	Computer equipment	3 Years
	Website design	3 Years
	Patents and trademarks	15 Years

Advertising	'
	Advertising

	The Company follows the policy of charging the costs of advertising to expenses incurred. The Company incurred $0 in advertising costs during the period July 25, 2008 (inception) to June 30, 2014.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Estimated Useful Life of Property and Equipment	'
	Depreciation and amortization of property and equipment is provided using the straight-line method for financial reporting purposes at rates based on the following estimated useful lives:

	Classification	Useful Life
	Computer equipment	3 Years
	Website design	3 Years
	Patents and trademarks	15 Years

Organization_and_Business_Oper1

Organization and Business Operations (Details Narrative) (USD $)	3 Months Ended		8 Months Ended	12 Months Ended					71 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Mar. 31, 2009	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2010	Jun. 30, 2014
Organization And Business Operations	'	'	'	'	'	'	'	'	'
Accumulated losses	$88,795	$4,040	$1,238	$291,400	$15,547	$17,315	$10,436	$27,699	$452,430

Going_Concern_Details_Narrativ

Going Concern (Details Narrative) (USD $)	Jun. 30, 2014	Mar. 31, 2014
Going Concern	'	'
Accumulated deficit	$452,430	$363,635

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details Narrative) (USD $)	0 Months Ended	6 Months Ended		71 Months Ended
	Dec. 18, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Mar. 31, 2014	Dec. 20, 2013
Reverse stock split	'ratio of 1 for 2	'	'	'	'	'
Common stock, shares authorized	'	100,000,000	'	100,000,000	100,000,000	'
Preferred stock, shares authorized	'	10,000,000	'	10,000,000	10,000,000	'
Common stock, shares outstanding	'	64,299,000	'	64,299,000	63,699,000	'
Common stock, shares issued	'	64,299,000	'	64,299,000	63,699,000	'
Preferred stock, outstanding	'	0	'	0	0	0
Common stock, par value	'	$0.00	'	$0.00	$0.00	$0.00
Amortization expense	'	$2,192	$0	'	'	'
Advertising cost	'	'	'	$0	'	'
Maximum [Member]	'	'	'	'	'	'
Common stock, shares authorized	'	200,000,000	'	200,000,000	'	'
Preferred stock, shares authorized	'	20,000,000	'	20,000,000	'	'
Common stock, shares outstanding	'	'	'	'	'	126,698,000
Common stock, shares issued	'	'	'	'	'	126,698,000
Minimum [Member]	'	'	'	'	'	'
Common stock, shares authorized	'	100,000,000	'	100,000,000	'	'
Preferred stock, shares authorized	'	10,000,000	'	10,000,000	'	'
Common stock, shares outstanding	'	'	'	'	'	63,349,000
Common stock, shares issued	'	'	'	'	'	63,349,000

Summary_of_Significant_Account4

Summary of Significant Accounting Policies - Estimated Useful Life of Property and Equipment (Details)	3 Months Ended
	Jun. 30, 2014
Computer Equipment [Member]	'
Useful Life	'3 years
Website Design [Member]	'
Useful Life	'3 years
Patents and Trademarks [Member]	'
Useful Life	'15 years

Acquisition_of_Oil_and_Gas_Pro1

Acquisition of Oil and Gas Properties (Details Narrative) (USD $)	0 Months Ended					3 Months Ended	0 Months Ended
	Apr. 12, 2014	Feb. 12, 2014	Dec. 12, 2013	Dec. 04, 2008	Nov. 28, 2008	Mar. 19, 2009	Nov. 18, 2013	Apr. 12, 2014	Nov. 18, 2013
							Ardmore And Pioneer Oil And Gas [Member]	Ardmore [Member]	Ardmore [Member]
							acre
Acres of oil and gas selling	'	'	'	'	'	'	5,905.54	'	'
Issuance of stock	'	'	'	32,000,000	14,400,000	30,240,000	'	'	500,000
Issuance of additional shares for transfer of ownership	'	'	'	'	'	'	'	250,000	'
Lease expiration date	'	'	'	'	'	'	'	'	12-Apr-14
Installment payment of acquire oil and gas	$100,000	$100,000	$100,000	'	'	'	'	'	'

Common_Stock_Details_Narrative

Common Stock (Details Narrative) (USD $)

0 Months Ended

3 Months Ended

8 Months Ended

12 Months Ended

71 Months Ended

3 Months Ended

0 Months Ended

3 Months Ended

Apr. 24, 2014

Mar. 25, 2014

Mar. 10, 2014

Feb. 14, 2014

Dec. 18, 2013

Dec. 19, 2013

Nov. 20, 2013

Nov. 01, 2013

Jan. 03, 2012

Dec. 14, 2011

Dec. 04, 2008

Nov. 28, 2008

Jun. 30, 2014

Jun. 30, 2013

Mar. 19, 2009

Mar. 31, 2009

Mar. 31, 2014

Mar. 31, 2012

Jun. 30, 2014

Dec. 20, 2013

Jun. 30, 2014

Oct. 02, 2013

Mar. 06, 2014

Mar. 31, 2014

Nov. 18, 2013

Jun. 30, 2014

Dec. 20, 2013

Jun. 30, 2014

Dec. 20, 2013

Mr John Barton [Member]

Third Party Entity For Consulting Services [Member]

Ardmore [Member]

Maximum [Member]

Minimum [Member]

April 12, 2014 [Member]

Common stock, shares authorized

100,000,000

200,000,000

100,000,000

Preferred stock, authorized

10,000,000

20,000,000

10,000,000

Common stock, par value

$0.00

Preferred stock, par value

$0.00

Equity stock split description

every pre-split share of common stock is exchangeable for 32 shares of post-split common stock.

Reverse stock split

'ratio of 1 for 2

Common stock, shares issued

64,299,000

63,699,000

64,299,000

126,698,000

63,349,000

Common stock, shares outstanding

64,299,000

63,699,000

64,299,000

126,698,000

63,349,000

Common Stock issued during period

32,000,000

14,400,000

30,240,000

500,000

Reverse stock shares issuance price per share

$0.00

$0.75

$0.00

Cash received from shares issued

$150,000

$75,000

$2,000

$900

$172,500

$18,900

$621,800

Number of shares returned but unissued

23,872,000

Stock issued during period for service, shares

256,000

50,000

Purchase of issued and outstanding shares

43.00%

Stock issued during period for debt

10,000,000

Percentage of ownership after transaction

52.01%

Sale of stock during period, shares

100,000

200,000

150,000

75,000

250,000

Proceeds from sale of stock during period

150,000

Issuance of common stock for land lease assignment, shares

250,000

Issuance of common stock for land lease assignment

250,000

Gross proceeds on sale of private placement

22,500

52,500

75,000

Common stock payable

90,000

37,500

Fair value of shares of common stock

$37,500

Income_Taxes_Details_Narrative

Income Taxes (Details Narrative) (USD $)	3 Months Ended
Income Taxes (Details Narrative) (USD $)	Jun. 30, 2014
Income Tax Disclosure [Abstract]	'
Net operating loss carry forwards	$452,430
Operating loss carryforward expiration date	'2033

Related_Party_Transactions_Det

Related Party Transactions (Details Narrative) (USD $)	Jun. 30, 2014	Mar. 31, 2014	Oct. 02, 2013
Related Party Transactions (Details Narrative) (USD $)	Jun. 30, 2014	Mar. 31, 2014	Chief Executive Officer [Member]
Loan from Director	$10,118	$10,118	$31,525
Outstanding loan amount settled through exchange of shares	'	'	51,525
Stock issued during period for consideration of settlement of debt, shares	'	'	20,000
Stock issued during period for consideration of settlement of debt	'	'	$10,000,000

Subsequent_Event_Details_Narra

Subsequent Event (Details Narrative) (USD $)	0 Months Ended						1 Months Ended
	Apr. 24, 2014	Mar. 25, 2014	Mar. 10, 2014	Feb. 14, 2014	Dec. 19, 2013	Nov. 01, 2013	Aug. 18, 2014
	Apr. 24, 2014	Mar. 25, 2014	Mar. 10, 2014	Feb. 14, 2014	Dec. 19, 2013	Nov. 01, 2013	Subsequent Event [Member]
Number of common stock issued	'	'	100,000	200,000	150,000	75,000	483,871
Cash received from stock issued	$22,500	$52,500	$75,000	'	'	'	$150,000