Transportation and Logistics Systems (TLSS) 10-Q/A 22 Aug 17 2017 Q3 Quarterly report (amended) Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Dec. 31, 2016	Feb. 14, 2017
Document And Entity Information
Entity Registrant Name	PETROTERRA CORP.
Entity Central Index Key	1,463,208
Document Type	10-Q/A
Document Period End Date	Dec. 31, 2016
Amendment Flag	true
Amendment description	This quarterly report on Form 10-Q/A is being filed as Amendment No. 1 to our Quarterly report on Form 10-Q which was originally filed on February 14, 2017. On August 18, 2017, the Board of Directors (the “Board”) of PetroTerra Corp. (the “Company”), upon the recommendation of management, determined that the unaudited financial statements as of and for the quarterly period ended December 31, 2016, and the interim financial period ended March 31 2017, previously filed by the Company with the Securities and Exchange Commission, should no longer be relied upon.The Company has determined that the financial statements referenced above should no longer be relied upon because they reference a November 22, 2016, reverse stock split of the Company’s outstanding shares of common stock at a ratio of 1 for 30 (the “Reverse Stock Split”) that was approved by the Board and the requisite shareholders of the Company; however, although it was filed with and processed by the Financial Industry Regulatory Authority (“FINRA”), the prior management of the Company did not follow through and obtain ultimate approval of the Reverse Stock Split by FINRA. Accordingly, the Reverse Stock Split never became effective.Furthermore, the Company has corrected Note 8 Subsequent Event to correct the investor name that purchased the 51% of the Company shares on January 9, 2017 and to disclose the sale by the Company of new Series A convertible preferred shares.This Amendment No. 1 to the Form 10-Q for the period ended December 31, 2016 contains currently dated certifications as Exhibits 31.1, 31.2, and 32.1, and 32.2. No attempt has been made in this Amendment No. 1 to the Form 10-Q for the period ended December 31, 2016 to modify or update the other disclosures presented in the Form 10-Q as previously filed, except as required by the restatement. This Amendment No. 1 on Form 10-Q/A does not reflect events occurring after the filing of the original Form 10-Q or modify or update those disclosures that may be affected by subsequent events. Accordingly, this Amendment No. 1 should be read in conjunction with our other filings with the Securities and Exchange Commission.
Current Fiscal Year End Date	--03-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		28,323,588
Trading Symbol	PTRA
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,017

Balance Sheets

Balance Sheets - USD ($)	Dec. 31, 2016	Mar. 31, 2016
Current assets
Cash
Prepaid expenses		1,875
Total current assets		1,875
Oil & Gas Exploration
Fixed Assets, net of accumulated depreciation of $2,079 and $1,386 as of December 31, 2016 and March 31, 2016, respectively	693	1,386
Website, net of accumulated amortization of $29,803 and $21,436, as of December 31, 2016 and March 31, 2016, respectively		8,367
Total Assets	693	11,628
Current Liabilities
Bank overdraft	78	208
Accounts payable and accrued expenses	211,075	153,384
Accrued liabilities, director	54,000	41,250
Notes payable, related-party	15,187	10,118
Total current liabilities	280,340	204,960
Total liabilities	280,340	204,960
Shareholders' Equity
Preferred Stock: $0.001 par value, 4,000,000 shares authorized; no shares issued and outstanding as of December 31, 2016 and March 31, 2016.
Common stock; $0.001 par value, 500,000,000 shares authorized; 28,323,588 and 27,251,466 shares issued and outstanding as of December 31, 2016 and March 31, 2016, respectively	28,324	27,252
Additional paid-in capital	2,504,852	2,409,933
Accumulated deficit	(2,812,823)	(2,630,517)
Total shareholders' equity	(279,647)	(193,332)
Total liabilities and shareholders' equity	$ 693	$ 11,628

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2016	Mar. 31, 2016
Statement of Financial Position [Abstract]
Fixed Assets, accumulated depreciation	$ 2,079	$ 1,386
Website, accumulated amortization	$ 29,803	$ 21,436
Preferred Stock, par value	$ 0.001	$ 0.001
Preferred Stock, shares authorized	4,000,000	4,000,000
Preferred Stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	28,323,588	27,251,466
Common Stock, shares outstanding	28,323,588	27,251,466

Statements of Operations (Unaud

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
EXPENSES
Lease property and exploration costs		$ 24,000		$ 70,686
General and administrative expenses	32,659	60,136	102,500	140,974
Professional fees	26,970	31,888	75,183	123,711
Stock compensation expense		48,000	4,000	65,600
TOTAL OPERATING EXPENSES	(59,629)	(164,024)	(181,683)	(400,971)
OTHER INCOME (EXPENSE)
Gain on sale of land leases	10,000		10,000
Loss on conversion of related party debt			(10,622)
Other Income (Expense)	10,000		(622)
Net loss from Operation before Taxes	(49,629)	(164,024)	(182,305)	(400,971)
PROVISION FOR INCOME TAXES
NET LOSS	$ (49,629)	$ (164,024)	$ (182,305)	$ (400,971)
(LOSS) PER COMMON SHARE -BASIC AND DILUTED (Restated)	$ 0	$ (0.01)	$ (0.01)	$ (0.02)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (Restated)	28,323,588	26,967,599	28,080,621	26,640,652

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
OPERATING ACTIVITIES
Net income (loss)	$ (182,305)	$ (400,971)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	9,060	7,853
Common stock issued for services	4,000	65,600
Conversion of officer payroll to common stock	30,000
Loss on conversion of related party debt	10,622
Increase (decrease) in:
Bank overdraft	(130)	(84)
Accounts payables and accrued liabilities	57,691	(23,773)
Prepaids	1,875	(1,875)
Accrued payroll, officer	54,000	1,250
Net cash used in operating activities	(15,187)	(352,000)
FINANCING ACTIVITIES
Advances from shareholder	15,187
Sales of Common stock		352,000
Net cash provided by financing activities	15,187	352,000
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD
CASH AND CASH EQUIVALENTS - END OF PERIOD
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	4,000	65,600
Common stock issued for conversion of related party debt	$ 91,991

Organization and Business Opera

Organization and Business Operations	9 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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 an independent exploration and development company focused on the acquisition of property (or property leases enabling us to explore and exploit such property) that we believe may contain extractable oil and/or gas. The Company identified, evaluated and acquired oil and gas exploration and development opportunities primarily within the United States. As a result of the decline in the oil and gas markets, we are now seeking strategic alternatives. 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.

Going Concern

Going Concern	9 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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 $2,812,823 as of December 31, 2016 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 Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Dec. 31, 2016
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, 2016 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 date 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. Reverse Stock Split Not Effectuated On February 14, 2017, after Board and shareholder approval obtained on November 22, 2016, 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 1 for 30 (the “Reverse Stock Split”), however, although it was filed with and processed by the Financial Industry Regulatory Authority (“FINRA”), the prior management of the Company did not follow through and obtain ultimate approval of the Reverse Stock Split by FINRA. Accordingly, the Reverse Stock Split never became effective. On February 14, 2017, the Company increased authorized shares of common stock from 40,000,000 to 500,000,000 shares and its authorized shares of preferred stock remained at 4,000,000 shares. 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. 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 nine months ended December 31, 2016 and 2015 totaled $8,367 and $7,160, 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 nine months ended December 31, 2016 and 2015, respectively. Recent Accounting Pronouncements In February 2016, FASB issued ASU-2016-02, “Leases (Topic 842).” The guidance requires that a lessee recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right of use asset representing its right to use the underlying asset for the lease term. For finance leases: the right-of-use asset and a lease liability will be initially measured at the present value of the lease payments, in the statement of financial position; interest on the lease liability will be recognized separately from amortization of the right-of-use asset in the statement of comprehensive income; and repayments of the principal portion of the lease liability will be classified within financing activities and payments of interest on the lease liability and variable lease payments within operating activities in the statement of cash flows. For operating leases: the right-of-use asset and a lease liability will be initially measured at the present value of the lease payments, in the statement of financial position; a single lease cost will be recognized, calculated so that the cost of the lease is allocated over the lease term on a generally straight-line basis; and all cash payments will be classified within operating activities in the statement of cash flows. Under Topic 842 the accounting applied by a lessor is largely unchanged from that applied under previous GAAP. The amendments in Topic 842 are effective for the Company beginning January 1, 2019, including interim periods within that fiscal year. The Company is currently evaluating the impact of adopting this standard. In January 2016, the Financial Accounting Standards Board (“FASB”), issued Accounting Standards Update (“ASU”) 2016-01, “Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities,” which amends the guidance in U.S. generally accepted accounting principles on the classification and measurement of financial instruments. Changes to the current guidance primarily affect the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, the ASU clarifies guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The new standard is effective for fiscal years and interim periods beginning after December 15, 2017, and are to be adopted by means of a cumulative-effect adjustment to the balance sheet at the beginning of the first reporting period in which the guidance is effective. Early adoption is not permitted except for the provision to record fair value changes for financial liabilities under the fair value option resulting from instrument-specific credit risk in other comprehensive income. The Company is currently evaluating the impact of adopting this standard. In November 2015, the FASB issued ASU 2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes,” which simplifies the presentation of deferred income taxes by requiring that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. This ASU is effective for financial statements issued for annual periods beginning after December 16, 2016, and interim periods within those annual periods. The adoption of this standard will not have any impact on the Company’s financial position, results of operations and disclosures.

Acquisition of Oil and Gas Prop

Acquisition of Oil and Gas Properties	9 Months Ended
	Dec. 31, 2016
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 of 200,000 shares (100,000 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 being sold in a private placement transaction. Impairment The Company determined that there was a material impairment of the land lease agreements and recorded an impairment of the asset of $737,500 in the year ended March 31, 2016. Conveyance of Leases to Pioneer Oil & Gas On November 3, 2016, Pioneer agreed to purchase all of the right, title and interest of our property Leases for the amount of $10,000. In addition, all geological, geophysical and any and all other data were transferred to Pioneer.

Common Stock

Common Stock	9 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Common Stock	5. COMMON STOCK The Company’s authorized capital consists of 500,000,000 shares of common stock and 4,000,000 shares of preferred stock, both with a par value of $0.001 per share. On February 14, 2017, The Company increased its authorized shares of common stock from 40,000,000 to 500,000,000 shares and its authorized shares of preferred stock remained at 4,000,000 shares. On April 27, 2016, the Company authorized the issuance of 50,000 shares of common stock to the Company’s Chief Operating Officer for consulting services. The fair value of the shares of common stock was $4,000. On June 3, 2016, the Company issued 1,022,122 shares in exchange for the conversion of $10,119 of shareholder loans and $71,250 of accrued officer payroll and recorded a loss on conversion of debt expense of $10,622 during the period ending December 31, 2016 (See Note 7). As of December 31, 2016, the Company had 28,323,588 shares of common stock issued and outstanding.

Income Taxes

Income Taxes	9 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	6. INCOME TAXES As of December 31, 2016, the Company had net operating loss carry forwards of approximately $2,812,823 that may be available to reduce future years’ taxable income through 2034. 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	9 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	7. RELATED PARTY TRANSACTIONS Chief Executive Officer 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 December 31, 2016 and March 31, 2016, the total amount loaned to the Company by a director was $15,187 and $10,119, respectively. The loan is non-interest bearing, due upon demand and unsecured. On June 3, 2016, Mr. Barton converted the loan balance of $10,119 into 127,016 shares of common stock. As of December 31, 2016 and March 31, 2016, the total amount loaned to the Company by a director was $15,187 and $10,118, respectively. On February 4, 2014, the Company entered into a three year employment agreement with the Company’s Chief Executive Officer whereby the Company provides for compensation of $10,000 per month. A total salary of $90,000 was expensed during the nine months ended December 31, 2016 and 2015. The total balance due to the Chief Executive Officer for accrued salaries at December 31, 2016 and March 31, 2016, was $54,000 and $41,250, respectively. Additionally, on each anniversary of the Employment Agreement, beginning on the first anniversary, Mr. Barton has received and will continue to receive for the duration of the employment agreement a restricted stock grant of 160,000 shares of the Company’s common stock. The restricted stock grants vest 10 months following the issuance. On June 3, 2016, Mr. Barton converted $71,250 of accrued salary into shares 895,106 shares of common stock. On January 9, 2017, Mr. Barton resigned as Chief Executive Officer and sole director in conjunction with the sale of his ownership of the Company. Chief Operating Officer On October 26, 2015, the Company renewed its independent contractor agreement with Arrow Peak Minerals and Royalty LLC (“Arrow”) so that Kurt Reinecke would continue to act in the role of the Company’s Chief Operating Officer. The agreement is for a term of one year and will pay Arrow an aggregate of $90,000 over the term. Arrow is also entitled to receive an aggregate of 150,000 shares of common stock to be earned as follows: (i) 50,000 shares were issued upon execution of the agreement; (ii) 50,000 shares will be issued upon the six month anniversary of the commencement of the agreement; and (iii) 50,000 shares will be issued upon the one year anniversary of the commencement of the agreement. In the nine months ended December 31, 2016, the Company and Mr. Reinecke suspended services provided and the only compensation expense was stock based of 50,000 shares issued with a fair value of $4,000. On January 9, 2017, Mr. Reinecke resigned as Chief Operating Officer.

Subsequent Event

Subsequent Event	9 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Event	8. SUBSEQUENT EVENT The Company has evaluated subsequent events from December 31, 2016 through the filing of these financial statements. There are no significant subsequent events, except as disclosed below; Under purchase agreements executed in November 2016, on January 9, 2017, SCS, LLC purchased 2,900,000 shares of newly issued Series A convertible preferred stock and RDW Capital, LLC. purchased 1,100,000 shares of Series A preferred stock for an aggregate $146,091. In addition, on January 12, 2017, SCS, LLC purchased 14,455,722 common shares or 51% of the total outstanding shares from the former Chief Executive Officer/majority shareholder for $63,909 which amount was contributed to the Company to pay off existing liabilities totaling $200,000 and $10,000 was held in escrow.

Restatement of Financial Statem

Restatement of Financial Statement	9 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Restatement of Financial Statement	9. RESTATEMENT OF FINANCIAL STATEMENT We have restated our previously issued consolidated financial statements as of and for the three and nine months ended December 31, 2016 to correct the outstanding shares for the reverse stock split that was never effectuated. On November 22, 2016, reverse stock split of the Company’s outstanding shares of common stock at a ratio of 1 for 30 (the “Reverse Stock Split”) that was approved by the Board and the requisite shareholders of the Company; however, although it was filed with and processed by the Financial Industry Regulatory Authority (“FINRA”), the prior management of the Company did not follow through and obtain ultimate approval of the Reverse Stock Split by FINRA. Accordingly, the Reverse Stock Split never became effective therefore the common stock outstanding as of December 31, 2016 was 28,323,588 rather than 944,120 and common stock was increased by $27,380 and offset against additional paid-in capital to reflect 28,323,588 shares outstanding as of December 31, 2016.

Summary of Significant Accoun15

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Dec. 31, 2016
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, 2016 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 date 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.
Reverse Stock Split Not Effectuated	Reverse Stock Split Not Effectuated On February 14, 2017, after Board and shareholder approval obtained on November 22, 2016, 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 1 for 30 (the “Reverse Stock Split”), however, although it was filed with and processed by the Financial Industry Regulatory Authority (“FINRA”), the prior management of the Company did not follow through and obtain ultimate approval of the Reverse Stock Split by FINRA. Accordingly, the Reverse Stock Split never became effective. On February 14, 2017, the Company increased authorized shares of common stock from 40,000,000 to 500,000,000 shares and its authorized shares of preferred stock remained at 4,000,000 shares.
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.
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 nine months ended December 31, 2016 and 2015 totaled $8,367 and $7,160, 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 nine months ended December 31, 2016 and 2015, respectively.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016, FASB issued ASU-2016-02, “Leases (Topic 842).” The guidance requires that a lessee recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right of use asset representing its right to use the underlying asset for the lease term. For finance leases: the right-of-use asset and a lease liability will be initially measured at the present value of the lease payments, in the statement of financial position; interest on the lease liability will be recognized separately from amortization of the right-of-use asset in the statement of comprehensive income; and repayments of the principal portion of the lease liability will be classified within financing activities and payments of interest on the lease liability and variable lease payments within operating activities in the statement of cash flows. For operating leases: the right-of-use asset and a lease liability will be initially measured at the present value of the lease payments, in the statement of financial position; a single lease cost will be recognized, calculated so that the cost of the lease is allocated over the lease term on a generally straight-line basis; and all cash payments will be classified within operating activities in the statement of cash flows. Under Topic 842 the accounting applied by a lessor is largely unchanged from that applied under previous GAAP. The amendments in Topic 842 are effective for the Company beginning January 1, 2019, including interim periods within that fiscal year. The Company is currently evaluating the impact of adopting this standard. In January 2016, the Financial Accounting Standards Board (“FASB”), issued Accounting Standards Update (“ASU”) 2016-01, “Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities,” which amends the guidance in U.S. generally accepted accounting principles on the classification and measurement of financial instruments. Changes to the current guidance primarily affect the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, the ASU clarifies guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The new standard is effective for fiscal years and interim periods beginning after December 15, 2017, and are to be adopted by means of a cumulative-effect adjustment to the balance sheet at the beginning of the first reporting period in which the guidance is effective. Early adoption is not permitted except for the provision to record fair value changes for financial liabilities under the fair value option resulting from instrument-specific credit risk in other comprehensive income. The Company is currently evaluating the impact of adopting this standard. In November 2015, the FASB issued ASU 2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes,” which simplifies the presentation of deferred income taxes by requiring that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. This ASU is effective for financial statements issued for annual periods beginning after December 16, 2016, and interim periods within those annual periods. The adoption of this standard will not have any impact on the Company’s financial position, results of operations and disclosures.

Summary of Significant Accoun16

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Dec. 31, 2016
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

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	Dec. 31, 2016	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 2,812,823	$ 2,630,517

Summary of Significant Accoun18

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Nov. 22, 2016	Dec. 31, 2016	Dec. 31, 2015	Mar. 31, 2016
Reverse stock split	ratio of 1 for 30
Common stock, shares authorized		500,000,000		500,000,000
Preferred stock, shares authorized		4,000,000		4,000,000
Website estimated useful life		3 years
Amortization expense		$ 8,367	$ 7,160
Advertising cost		$ 0	$ 0
February 14, 2017 [Member]
Preferred stock, shares authorized	4,000,000	4,000,000
February 14, 2017 [Member] | Minimum [Member]
Common stock, shares authorized	40,000,000	40,000,000
February 14, 2017 [Member] | Maximum [Member]
Common stock, shares authorized	500,000,000	500,000,000

Summary of Significant Accoun19

Summary of Significant Accounting Policies - Estimated Useful Life of Property and Equipment (Details)	9 Months Ended
	Dec. 31, 2016
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 Pr20

Acquisition of Oil and Gas Properties (Details Narrative)	Nov. 03, 2016USD ($)	Apr. 12, 2014USD ($)	Feb. 12, 2014USD ($)	Dec. 12, 2013USD ($)	Nov. 18, 2013ashares	Mar. 31, 2016USD ($)
Impairment of the asset						$ 737,500
Purchase price of property leases	$ 10,000
Ardmore And Pioneer Oil And Gas [Member] | Purchase Agreement [Member]
Acres of oil and gas selling | a					5,905.54
Ardmore [Member]
Issuance of stock | shares					200,000
Number of shares issued in installments | shares					100,000
Installment payment to acquire oil and gas		$ 100,000	$ 100,000	$ 100,000

Common Stock (Details Narrative

Common Stock (Details Narrative) - USD ($)	Jun. 03, 2016	Apr. 27, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Nov. 22, 2016	Mar. 31, 2016
Common stock, shares authorized			500,000,000		500,000,000			500,000,000
Preferred stock, shares authorized			4,000,000		4,000,000			4,000,000
Common stock, par value			$ 0.001		$ 0.001			$ 0.001
Preferred stock, par value			$ 0.001		$ 0.001			$ 0.001
Value of common stock shares issued for consulting services					$ (4,000)	$ (65,600)
Number of common stock shares exchanged on conversion	1,022,122
Loss on conversion of debt					$ 10,622
Common stock, shares issued			28,323,588		28,323,588			27,251,466
Common stock, shares outstanding			28,323,588		28,323,588			27,251,466
Shareholder Loans [Member]
Value of common stock exchanged on conversion	$ 10,119
Accrued Officer Payroll [Member]
Value of common stock exchanged on conversion	$ 71,250
Chief Operating Officer [Member]
Number of stock shares issued for consulting services		50,000
Value of common stock shares issued for consulting services		$ 4,000
Minimum [Member]
Common stock, shares outstanding			944,120		944,120
Maximum [Member]
Common stock, shares outstanding			28,323,588		28,323,588
February 14, 2017 [Member]
Preferred stock, shares authorized			4,000,000		4,000,000		4,000,000
February 14, 2017 [Member] | Minimum [Member]
Common stock, shares authorized			40,000,000		40,000,000		40,000,000
February 14, 2017 [Member] | Maximum [Member]
Common stock, shares authorized			500,000,000		500,000,000		500,000,000

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	9 Months Ended
	Dec. 31, 2016USD ($)
Income Tax Disclosure [Abstract]
Net operating loss carry forwards	$ 2,812,823
Operating loss carry forward expiration year	2,034

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	Jun. 03, 2016	Oct. 26, 2015	Feb. 04, 2014	Dec. 31, 2016	Dec. 31, 2015	Mar. 31, 2016
Note payable to related party				$ 15,187		$ 10,118
Debt converted into shares of common stock amount				91,991
Salary expense				90,000	$ 90,000
Accrued salaries				$ 54,000		$ 41,250
Employment Agreement [Member] | Chief Executive Officer [Member]
Compensation per month			$ 10,000
Independent Contractor Agreement [Member] | Arrow Peak Minerals and Royalty LLC [Member]
Compensation per month		$ 90,000
Number of common stock earned during period		150,000
Agreement term		1 year
Number of shares issued upon execution of agreement		50,000
Independent Contractor Agreement [Member] | Arrow Peak Minerals and Royalty LLC [Member] | Six Month Anniversary Commencement Agreement [Member]
Number of shares issued upon commencement of agreement		50,000
Independent Contractor Agreement [Member] | Arrow Peak Minerals and Royalty LLC [Member] | One Year Anniversary Commencement Agreement [Member]
Number of shares issued upon commencement of agreement		50,000
Mr. Barton [Member]
Debt converted into shares of common stock amount	$ 10,119
Debt converted into shares of common stock	127,016
Mr. Barton [Member] | Employment Agreement [Member]
Debt converted into shares of common stock amount	$ 71,250
Debt converted into shares of common stock	895,106
Number of restricted stock issued grant shares				160,000
Stock grants vested term				10 months
Mr. Reinecke [Member]
Number of shares issued for share-based compensation expenses				50,000
Value of shares issued for share-based compensation expenses				$ 4,000

Subsequent Event (Details Narra

Subsequent Event (Details Narrative) - Subsequent Event [Member] - Purchase Agreement [Member] - USD ($)	Jan. 12, 2017	Jan. 09, 2017
Chief Executive Officer/Majority Shareholder [Member]
Proceeds from related party debt	$ 63,909
Chief Executive Officer [Member]
Escrow deposit	200,000
Majority Shareholder [Member]
Escrow deposit	$ 10,000
SCS LLC [Member]
Number of Purchased shares newly issued	14,455,722
Equity ownership percentage	51.00%
SCS LLC [Member] | Series A Convertible Preferred Stock [Member]
Number of Purchased shares newly issued		2,900,000
RDW Capital, LLC [Member] | Series A Convertible Preferred Stock [Member]
Number of Purchased shares newly issued		1,100,000
Number of purchase shares newly issued value		$ 146,091

Restatement of Financial Stat25

Restatement of Financial Statement (Details Narrative) - USD ($)	Nov. 22, 2016	Dec. 31, 2016	Mar. 31, 2016
Reverse stock split	ratio of 1 for 30
Common stock shares outstanding		28,323,588	27,251,466
Value of common stock increased		$ 27,380
Maximum [Member]
Common stock shares outstanding		28,323,588
Minimum [Member]
Common stock shares outstanding		944,120