LiveOne (LVO) 10-Q 19 Aug 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2016	Aug. 13, 2016
Document And Entity Information
Entity Registrant Name	LOTON, CORP
Entity Central Index Key	1,491,419
Document Type	10-Q
Trading Symbol	LIVX
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		46,558,057
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,016

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2016	Mar. 31, 2016
Current Assets
Cash and cash equivalents	$ 76,613	$ 36,898
Prepaid expense to related party	90,000	15,995
Other Current Assets	6,382
Total Current Assets	172,995	52,893
Other Assets
Fixed assets, net	75,622	62,569
Investment in affiliate	4,972,699	4,889,515
Note receivable - related party	213,331	213,331
Total Assets	5,434,647	5,218,308
Current Liabilities:
Accounts payable and accrued liabilities	329,687	481,412
Note payable	265,158	262,042
Due to related parties	50,000	117,124
Accrued interest, related party	283,515	232,733
Note payable, related party, net of discount	1,472,456	2,784,000
Services payable, related party	1,000,000	1,000,000
Total Current Liabilities	3,400,816	4,877,311
Unsecured convertible notes, net of discount		110,273
Total Liabilities	3,400,816	4,987,584
Stockholders' Equity:
Preferred stock, $0.001 par value; 1,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.001 par value; 75,000,000 shares authorized; 46,758,057 and 45,998,488 shares issued and outstanding, respectively	46,757	45,998
Additional paid in capital	17,637,215	14,030,897
Accumulated deficit	(15,650,141)	(13,846,171)
Total stockholders' equity	2,033,831	230,724
Total Liabilities and Stockholders' Equity	$ 5,434,647	$ 5,218,308

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2016	Mar. 31, 2016
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, authorized	1,000,000	1,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized	75,000,000	75,000,000
Common stock, issued	46,758,057	45,998,488
Common stock, outstanding	46,758,057	45,998,488

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating expenses:
Selling, general and administrative	$ 1,084,886	$ 785,793
Related party expenses	90,000	90,000
Total operating expenses	1,174,886	875,793
Loss from operations	(1,174,886)	(875,793)
Other income (expense):
Interest income (expense), net	(712,268)	16,880
Earnings from investment	83,184	74,036
Total non-operating expenses	(629,084)	90,916
Net loss	$ (1,803,970)	$ (784,876)
Net loss per share - basic and diluted (in dollars per share)	$ (0.04)	$ (0.02)
Weighted average common shares - basic and diluted (in shares)	46,298,459	44,203,669

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - 3 months ended Jun. 30, 2016 - USD ($)	Common Stock [Member]	Additional Paid in Capital [Member]	Accumulated Deficit [Member]	Total
Balance at beginning at Mar. 31, 2016	$ 45,998	$ 14,030,897	$ (13,846,171)	$ 230,724
Balance at beginning (in shares) at Mar. 31, 2016	45,998,488
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued for cash	$ 250	1,249,750		1,250,000
Shares issued for cash (in shares)	250,000
Fair value of shares issued for services	$ 103	181,022		181,125
Fair value of shares issued for services (in shares)	103,650
Shares issued upon exercise of warrants	$ 303	727		1,030
Shares issued upon exercise of warrants (in shares)	302,960
Share issued upon debt conversion	$ 103	205,815		205,918
Share issued upon debt conversion (in shares)	102,959
Fair value of warrants issued for note extension and to induce conversion of notes		1,917,524		1,917,524
Fair value of beneficial conversion feature		51,480		51,480
Net loss			(1,803,970)	(1,803,970)
Balance at ending at Jun. 30, 2016	$ 46,757	$ 17,637,215	$ (15,650,141)	$ 2,033,831
Balance at ending (in shares) at Jun. 30, 2016	46,758,057

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash Flows from Operating Activities
Net loss	$ (1,803,970)	$ (784,876)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	5,900	819
Common stock issued for services	181,125	223,958
Amortization of debt discount and debt issuance costs	344,196
Fair value for beneficial conversion feature	51,480
Fair value for warrants issued for conversion and inducement	256,411
Equity in earnings of OCHL	(83,184)	(74,036)
Changes in operating assets and liabilities:
(Increase)/Decrease in prepaids	(74,005)
(Increase)/Decrease in other current assets	(6,382)	(103)
Decrease/(Increase) in accrued interest	(50,782)
Decrease/(Increase) in accounts payable and accrued liabilities	(41,127)	6,224
Net cash used in operating activities	(1,220,338)	(628,014)
Cash Flows from Investing Activities:
Purchases of fixed assets	(18,953)
Net cash used in investing activities	(18,953)
Cash Flows from Financing Activities
Proceeds from notes payable, related party	445,100	820,500
Repayment of notes payable, related party	(350,000)
Proceeds from warrant exercise	1,030	1,500
Proceeds from issuance of common stock	1,250,000	150,000
Proceeds from loans, related party	(67,124)	(53,624)
Net cash provided by financing activities	1,279,006	918,376
Net Increase/(Decrease) in cash	39,715	290,362
Cash, beginning of period	36,898	36,121
Cash, end of period	76,613	326,483
Supplemental disclosure of non-cash investing and financing activities:
Fair value of warrants issued for note extension	1,661,114
Common stock issued upon conversion of note payable	$ 205,918

Organization, Operations and Ba

Organization, Operations and Basis of Presentation; Going Concern	3 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Operations and Basis of Presentation; Going Concernion	Note 1 – Organization, Operations and Basis of Presentation; Going Concern Business and Operations Loton, Corp (“we,” “us,” “our” or the “Company”) was incorporated under the laws of the State of Nevada on December 28, 2009. The Company’s mission is to aggregate live music and content driven by live music through mutually beneficial relationships with the world’s top talent, music companies, festivals and promoters and to provide fans with the opportunity to see their favorite festivals, concerts and experiences on any screen they choose across all video platforms and devices from mobile to home. The Company also owns a 50% interest in Obar Camden Holdings Ltd. ("Obar Camden" or "OCHL"), a private limited company registered in England and Wales that engages in the operations of a nightclub and live music venue “KOKO” in Camden, London, England. Basis of Presentation The interim condensed consolidated financial statements included herein reflect all material adjustments (consisting of normal recurring adjustments and reclassifications and non-recurring adjustments) which, in the opinion of management, are ordinary and necessary for a fair presentation of results for the interim periods. Certain information and footnote disclosures required under generally accepted accounting principles have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The Company believes that the disclosures are adequate to make the information presented not misleading. The condensed consolidated balance sheet information as of March 31, 2016 was derived from the audited consolidated financial statements included in the Company’s Report on Form 10-K filed with the Securities and Exchange Commission on July 19, 2016. These condensed consolidated financial statements should be read in conjunction with the audited financial statements for the year ended March 31, 2016 and notes thereto included in the Company’s Report on Form 10-K for the year ended March 31, 2016. The results of operations for the three months ended June 30, 2016 are not necessarily indicative of the results to be expected for the entire fiscal year or for any other period. The condensed consolidated financial statements for the quarter ended June 30, 2015 presented herein have been restated to present the Company’s investment in OCHL on the equity basis of accounting and to correct for other prior errors. Please see Note 3 for details. Going Concern The Company’s consolidated financial statements have been prepared assuming that it will continue as a going concern, and which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As reflected in the consolidated financial statements, the Company had a working capital deficit of $3,573,811 at June 30, 2016, and incurred a net loss of $1,803,970, and utilized net cash used in operating activities $1,220,338 for the reporting period then ended. These factors raise substantial doubt about the Company’s ability to continue as a going concern. In addition, the Company’s Independent Public Accounting Firm in their audit report to the March 31, 2016 financial statements expressed substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern Management estimates that the current funds on hand will be sufficient to continue operations through December 31, 2016. The ability of the Company to continue as a going concern is dependent on the Company’s ability to execute its strategy and in its ability to raise additional funds. Management is currently seeking additional funds, primarily through the issuance of equity securities for cash to operate our business. No assurance can be given that any future financing will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, it may contain undue restrictions on our operations, in the case of debt financing or cause substantial dilution for our stock holders, in case or equity financing.

Significant Accounting Policies

Significant Accounting Policies and Practices	3 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Significant Accounting Policies and Practices	Note 2 - Significant Accounting Policies and Practices Use of Estimates and Assumptions The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date(s) of the financial statements and the reported amounts of revenues and expenses during the reporting period(s). Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable in relation to the financial statements taken as a whole under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Management regularly evaluates the key factors and assumptions used to develop the estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such evaluations, if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates. Significant estimates include those related to assumptions used in impairment testing of long term assets, accruals for potential liabilities and valuing equity instruments issued for services. Actual results could differ from those estimates. Principles of Consolidation The Company's consolidated subsidiaries and/or entities are as follows: Name of consolidated subsidiary State or other Date of incorporation or Attributable LiveXLive, Corp. Delaware February 24, 2015 100 % KOKO (Camden) Holdings (US), Inc. Delaware March 17, 2014 100 % KOKO (Camden) UK Limited England and Wales November 7, 2013 100 % The consolidated financial statements include all accounts of the Company and the consolidated subsidiaries and/or entities as of reporting period ending date(s) and for the reporting period(s) then ended. All inter-company balances and transactions have been eliminated. Fair Value of Financial Instruments The Company follows the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and to measure the fair value of its financial instruments. The FASB Accounting Standards Codification establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The three levels of fair value hierarchy are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally observable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The carrying amounts of the Company’s financial assets and liabilities, including cash, prepaid expenses, accounts payable, accrued expenses, and other current liabilities, approximate their fair values because of the short maturity of these instruments. Investment in Unconsolidated Subsidiary Under the Equity Method The Company accounts for investments in which the Company owns more than 20% of the investee using the equity method in accordance with ASC Topic 323, Investments—Equity Method and Joint Ventures. Under the equity method, an investor initially records an investment in the investee at cost, and adjusts the carrying amount of the investment to recognize the investor's share of the earnings or losses of the investee after the date of acquisition. The amount of the adjustment is included in the determination of net income by the investor, and such amount reflects adjustments similar to those made in preparing consolidated statements including adjustments to eliminate intercompany gains and losses, and to amortize, if appropriate, any difference between investor cost and underlying equity in net assets of the investee at the date of investment. The investment of an investor is also adjusted to reflect the investor's share of changes in the investee's capital. Dividends received from an investee reduce the carrying amount of the investment. A series of operating losses of an investee or other factors may indicate that a decrease in value of the investment has occurred which is other than temporary and which should be recognized even though the decrease in value is in excess of what would otherwise be recognized by application of the equity method. Stock-Based Compensation The Company periodically issues stock options and warrants to employees and non-employees in non-capital raising transactions for services and for financing costs. The Company accounts for stock option and warrant grants issued and vesting to employees based on the authoritative guidance provided by FASB where the value of the award is measured on the date of grant and recognized as compensation expense on the straight-line basis over the vesting period. The Company accounts for stock option and warrant grants issued and vesting to non-employees in accordance with the authoritative guidance of the FASB where the value of the stock compensation is based upon the measurement date as determined at either a) the date at which a performance commitment is reached, or b) at the date at which the necessary performance to earn the equity instruments is complete. Options granted to non-employees are revalued each reporting period to determine the amount to be recorded as an expense in the respective period. As the options vest, they are valued on each vesting date and an adjustment is recorded for the difference between the value already recorded and the then current value on the date of vesting. In certain circumstances where there are no future performance requirements by the non-employee, option grants are immediately vested and the total stock-based compensation charge is recorded in the period of the measurement date. The fair value of the Company's stock option and warrant grants are estimated using the Black-Scholes-Merton Option Pricing model, which uses certain assumptions related to risk-free interest rates, expected volatility, expected life of the stock options or warrants, and future dividends. Compensation expense is recorded based upon the value derived from the Black-Scholes-Merton Option Pricing model, and based on actual experience. The assumptions used in the Black-Scholes-Merton Option Pricing model could materially affect compensation expense recorded in future periods. Income taxes The Company follows the asset and liability method which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Operations in the period that includes the enactment date. The Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The estimated future tax effects of temporary differences between the tax basis of assets and liabilities are reported in the accompanying consolidated balance sheets, as well as tax credit carry-backs and carry-forwards. The Company periodically reviews the recoverability of deferred tax assets recorded on its consolidated balance sheets and provides valuation allowances as management deems necessary. Management makes judgments as to the interpretation of the tax laws that might be challenged upon an audit and cause changes to previous estimates of tax liability. In addition, the Company operates within multiple taxing jurisdictions and is subject to audit in these jurisdictions. In management’s opinion, adequate provisions for income taxes have been made for all years. If actual taxable income by tax jurisdiction varies from estimates, additional allowances or reversals of reserves may be necessary. The Company’s tax years 2011 to 2014 remain subject to examination by major tax jurisdictions Pursuant to the Internal Revenue Code Section 382 (“Section 382”), certain ownership changes may subject the NOL’s to annual limitations which could reduce or defer the NOL. Section 382 imposes limitations on a corporation’s ability to utilize NOLs if it experiences an “ownership change.” In general terms, an ownership change may result from transactions increasing the ownership of certain stockholders in the stock of a corporation by more than 50 percentage points over a three-year period. In the event of an ownership change, utilization of the NOLs would be subject to an annual limitation under Section 382 determined by multiplying the value of its stock at the time of the ownership change by the applicable long-term tax-exempt rate. Any unused annual limitation may be carried over to later years. The imposition of this limitation on its ability to use the NOLs to offset future taxable income could cause the Company to pay U.S. federal income taxes earlier than if such limitation were not in effect and could cause such NOLs to expire unused, reducing or eliminating the benefit of such NOLs. Earnings Per Share Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted loss per share reflects the potential dilution, using the treasury stock method that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the loss of the Company. In computing diluted loss per share, the treasury stock method assumes that outstanding options and warrants are exercised and the proceeds are used to purchase common stock at the average market price during the period. Options and warrants may have a dilutive effect under the treasury stock method only when the average market price of the common stock during the period exceeds the exercise price of the options and warrants. At June 30, 2016 and 2015, the Company had 3,526,377 and 1,475,000 warrants outstanding, respectively, which were excluded from the loss per share calculation as they were anti-dilutive. Recently Issued Accounting Pronouncements In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers. ASU 2014-09 is a comprehensive revenue recognition standard that will supersede nearly all existing revenue recognition guidance under current U.S. GAAP and replace it with a principle based approach for determining revenue recognition. ASU 2014-09 will require that companies recognize revenue based on the value of transferred goods or services as they occur in the contract. The ASU also will require additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. ASU 2014-09 is effective for interim and annual periods beginning after December 15, 2017. Early adoption is permitted only in annual reporting periods beginning after December 15, 2016, including interim periods therein. Entities will be able to transition to the standard either retrospectively or as a cumulative-effect adjustment as of the date of adoption. The Company is in the process of evaluating the impact of ASU 2014-09 on the Company's financial statements and disclosures. In August, 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-15, Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern, which provides guidance on determining when and how to disclose going-concern uncertainties in the financial statements. The new standard requires management to perform interim and annual assessments of an entity's ability to continue as a going concern within one year of the date the financial statements are issued. An entity must provide certain disclosures if conditions or events raise substantial doubt about the entity's ability to continue as a going concern. The ASU applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases. ASU 2016-02 requires a lessee to record a right of use asset and a corresponding lease liability on the balance sheet for all leases with terms longer than 12 months. ASU 2016-02 is effective for all interim and annual reporting periods beginning after December 15, 2018. Early adoption is permitted. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company is in the process of evaluating the impact of ASU 2016-02 on the Company's financial statements and disclosures. Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company's present or future consolidated financial statement presentation or disclosures.

Restatement of Prior Period Fin

Restatement of Prior Period Financial Statements	3 Months Ended
	Jun. 30, 2016
Restatement Of Prior Period Financial Statements
Restatement of Prior Period Financial Statements	Note 3 – Restatement of Prior Period Financial Statements The financial statements for the three months ended June 30, 2015 have been restated. On July 11, 2016, our Board of Directors, determined that the Agreement with OCHL was erroneously accounted for as a reverse acquisition for accounting purposes and that OCHL was improperly included in consolidation as our subsidiary. OCHL should have been reflected as an investment accounted for under the equity method of accounting. This determination was based on an analysis by our management that we did not have sufficient control of OCHL at the date of the transaction in accordance with the current accounting rules. Therefore, our results for the three months ended June 30, 2015 previously reported in our 10-Q filed on August 18, 2015 are being restated herein to properly present the Merger and our investment in OCHL on the equity basis of accounting and correct the prior period for other errors. Specifically, on April 28, 2014, we entered into an Agreement and Plan of Merger (the “Agreement”), by and among our Company, Loton Acquisition Sub I, Inc., a Delaware corporation and our wholly-owned subsidiary (“Acquisition Sub”), and KOKO (Camden) Holdings (US), Inc. (“KOKO Parent”), a Delaware corporation and wholly-owned subsidiary of JJAT Corp. (“JJAT”), a Delaware corporation wholly-owned by Robert Ellin, our Executive Chairman, President, Director and controlling shareholder), and his affiliates (the “Merger”). As a result of the Merger, KOKO Parent became our wholly-owned subsidiary, and our then primary business became that of KOKO Parent and its subsidiaries, KOKO (Camden) Limited, a private limited company registered in England and Wales (“KOKO UK”) which owns 50% of OCHL, which in turn wholly-owns its operating subsidiary OBAR Camden. Upon the closing of the Merger, pursuant to the terms of the Merger Agreement, KOKO Parent’s former sole shareholder, JJAT, received 29,000,000 shares of our common stock. Since both we and JJAT were controlled by Mr. Ellin at the time of the consummation of the Merger, this reverse merger transaction should have been accounted for as a transaction between entities under common control. Accordingly, this equity method investment should have been initially measured on our financial statements at its then JJAT's historical basis of $4.2 million. In addition, certain issuances of common stock prior to March 31, 2014 were improperly recorded, and the applicable adjustments to accumulated deficit and additional paid in capital have been made herein. The effects on the previously issued financial statements are as follows: Loton, Corp Condensed Consolidated Statements of Operations (Unaudited) Originally Filed, Effect of of OCHL Pro Forma After Equity Treatment, As Restated, (unaudited) Notes Revenues $ 1,936,770 $ (1,936,770 ) $ - $ - $ - (1) - Cost of Revenue 277,385 (277,385 ) - - - (2) Gross Margin 1,659,385 (1,659,385 ) - - - Operating Expenses Selling, general and administrative 2,131,140 (1,345,347 ) 785,793 - 785,793 (1) Related party expenses 120,609 (30,609 ) 90,000 - 90,000 (1) Total operating expenses 2,251,749 (1,375,956 ) 875,793 - (875,793 ) Income (loss) from operations (592,364 ) 283,429 (875,793 ) - (875,793 ) Other (income) expense Compensation expense, investors - - - - - Interest income (expense), net (44,077 ) (60,958 ) 16,880 - 16,880 (1) Earnings from investment - - - 74,036 74,036 (2) Other (income) expense, net (44,077 ) (60,958 ) 16,880 74,036 90,916 - Net income (loss) before income taxes (636,441 ) 222,471 (858,912 ) 74,036 (784,876 ) - Income tax provision 59,310 59,310 - - - (1) - Net income (loss) before non-controlling interest (695,751 ) 163,161 (858,912 ) 74,036 (784,876 ) - Net income (loss) attributable to non-controlling interest 74,967 74,967 - - - (1) - Net income (loss) attributable to Loton Corp. stockholders (770,718 ) 88,194 (858,912 ) 74,036 (784,876 ) - Other comprehensive income (loss) attributable to Loton Corp stockholders (932 ) 932 - - - - Comprehensive income (loss) $ (771,650 ) $ 88,262 $ (858,912 ) $ 74,036 $ (784,876 ) Earnings Per Share: - basic and diluted $ (0.02 ) $ (0.02 ) $ (0.02 ) Weighted average common shares outstanding: - basic and diluted 44,700,378 44,304,432 44,304,432 Notes: (1) To remove balances of previously consolidated investment (2) To reflect investment in OCHL under equity method Loton, Corp Condensed Consolidated Statements of Cash Flows (Unaudited) Originally Filed, Effect of Equity Treatment, As Restated, June 30, deconsolidation Investment June 30, 2015 of OCHL in OCHL 2015 Notes (as Restated) Cash Flows from Operating Activities Net loss $ (695,751 ) $ (163,161 ) $ 74,036 $ (784,876 ) (1) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 32,304 (31,485 ) - 819 (1) Common stock issued for services 223,958 - - 223,958 (1) Warrants issued for compensation - - - - (1) Equity in earnings of OCHL - - (74,036 ) (74,036 ) (2) Changes in operating assets and liabilities: (Increase)/Decrease in current assets 136,292 (136,395 ) - (103 ) (1) (Increase)/Decrease in prepaids 84,321 (84,321 ) - - (1) (Increase)/Decrease in note receivable - related party 26,341 (26,341 ) - - (1) Services payable - related party - - (1) Decrease/(Increase) in current liabilities, net (241,454 ) 247,677 - 6,223 (1) Net cash used in operating activities (433,989 ) (194,025 ) - (628,014 ) (2) Cash Flows from Investing Activities: Purchases of fixed assets (23,900 ) 23,900 - - (1) Net cash used in investing activities (23,900 ) 23,900 - (2) Cash Flows from Financing Activities (Advance to)/proceeds from notes payable, related party (33,434 ) (20,190 ) - (53,624 ) (1) Repayment of note payable (64,000 ) 64,000 - - (1) Proceeds from warrants exercised 1,500 - 1,500 Proceeds from issuance of common stock 150,000 - - 150,000 (2) Proceeds from notes payable, related party 820,500 - - 820,500 (1) Net cash provided by financing activities 874,566 43,810 918,376 Effect of exchange rate changes on cash 53,078 (53,078 ) - - (1) Net Increase/(Decrease) in cash 469,755 (179,393 ) 290,362 Cash, beginning of period 866,951 (830,830 ) 36,121 (1) (1) Cash, end of period $ 1,336,706 $ (1,010,223 ) $ 326,483 Notes: (1) To remove balances of previously consolidated investment (2) To reflect investment in OCHL under equity method

Equity Investments in OCHL

Equity Investments in OCHL	3 Months Ended
	Jun. 30, 2016
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Equity Investments in OCHL	Note 4 – Equity Investments in OCHL On April 28, 2014, the Company acquired a 50% equity interest in OCHL, an entity that owns Obar Camden, a music and entertainment company whose principal business is the operation of a live music venue and nightclub known as KOKO, located in Camden, London. KOKO provides live shows, club nights, corporate and other events at KOKO. The Company acquired its 50% interest through the issuance of 29,000,000 shares of its common stock to the seller, JJAT, an entity wholly owned by Mr. Ellin. Since both the Company and JJAT were controlled by Mr. Ellin at the time of this transaction, the transaction was accounted for as a transaction between related parties at the related parties’ original basis. Accordingly, the Company recorded the equity method investment at $4.2 million which is JJAT's historical basis in OCHL. As part of the transaction, the Company was to be reimbursed $494,750 by OCHL for legal and other acquisition costs incurred in relation to the acquisition of the 50% interest. As of June 30, 2016 and March 31, 2016, the outstanding advances due the Company were $213,331 and $213,331, respectively. The note bears interest at 8% per annum and was due April 27, 2015. The note is currently in default. The OCHL Shareholders’ Agreement On February 12, 2014, (1) Mr. Bengough, and (2) KOKO UK, Mr. Ellin and Trinad Capital Master Fund (collectively, the “Ellin Parties”) and (3) OCHL entered into a Shareholders’ Agreement (the “OCHL Shareholders’ Agreement”) pursuant to which, among other terms, the parties agreed that each of Mr. Ellin and Mr. Bengough shall constitute the Board of Directors of OCHL and each shall be restricted from taking actions on behalf of OCHL without the written consent of the other individual, including, but not limited to, changes in the nature of the business, amendments to governing documents, restructuring or recapitalizations, issuances of stock, purchases of material assets, entry into material contracts, incurring or guaranteeing debt, removal of any director or restructure the board of OCHL. Because OCHL is the sole parent of OCL, our ability to manage OCHL and OCL is subject to the terms of the OCHL Shareholders’ Agreement and Mr. Bengough’s consent is required for most material actions to be taken by OCHL and OCL, so long as the OCHL Shareholders’ Agreement remains in effect. Each of Mr. Bengough and Mr. Ellin are entitled to serve on the board of OCHL so long as the OCHL Shareholders’ Agreement is in effect, and the board cannot take action without the consent of both board members. Pursuant to the OCHL Shareholders’ Agreement, any cash distributions by OCHL must be distributed pro rata to each of KOKO UK and Mr. Bengough. Finally, the OCHL Shareholders’ Agreement restricts the transfer of shares in OCHL or OCL by KOKO UK or Mr. Bengough and grants each a right of first refusal and the right to have the proposed shares valued by an independent accounting firm and sold to the other party at a price determined by valuation rather than the price necessarily offered by the prospective purchaser. On April 24, 2014, the OCHL Shareholders’ Agreement was amended pursuant to the terms of the Variation to Shareholders Agreement (“Variation Agreement”) among Mr. Bengough, KOKO UK, the Ellin Parties, OCHL, OCL, JJAT and the Company which, amongst other terms, (1) joined OCL, JJAT and the Company as parties to the OCHL Shareholders Agreement, and (2) Mr. Bengough also agreed to transfer all of his interests in OCHL in exchange for 29,000,000 shares of the Company’s common stock to be issued in a private placement transaction, which would constitute no less than 42.5% of the Company’s outstanding capital stock on a fully diluted basis (but before our future issuance of up to 3,200,000 shares of the Company’s common stock to its advisors, consultants and key employees as approved by the Company’s Board of Directors) and pursuant to the OCHL Shareholders’ Agreement, subject to Mr. Bengough’s receipt of satisfactory tax clearances under the tax laws of the United Kingdom. The Company agreed to indemnify Mr. Bengough from any adverse tax expenses and costs required to be paid by Mr. Bengough in connection with the transfer of his interests in OCHL. To date, the parties to the Variation Agreement have been unable to reach an agreement on mutually acceptable documentation to affect the share exchange described above. The Company and Mr. Bengough are presently continuing to co-operate OCHL and OCL with Mr. Bengough leading OCL’s day-to-day business. The Variation Agreement and the related OCHL Shareholders’ Agreement remain in full force and effect, subject to any court mandated changes or orders made with respect to the Petition (for a detailed discussion of the Petition, see Note 10). Pursuant to the terms of the OCHL Shareholders’ Agreement and Variation Agreement, each of Mr. Ellin and Mr. Bengough constitute the Board of Directors of OCHL and each of Mr. Bengough and Mr. Ellin are restricted from taking actions on behalf of OCHL without the written consent of the other individual; provided that pursuant to the Consent Order (as discussed in Note 10 – Commitments and Contingencies), the parties have agreed that Mr. Ellin will resign as a director of OCHL and Obar Camden upon the appointment of a mutually selected independent director on the boards of directors of these companies. As of June 30, 2016, the changes in investments in and advances to equity method investments are summarized as follows: Balance March 31, 2016 $ 4,889,515 50% share of net income 83,184 Balance June 30, 2016 $ 4,972,699 The carrying amounts of the major classes of assets and liabilities of OCHL as of June 30, 2016 and March 31, 2016 are as follows: June 30, 2016 March 31, 2016 (Unaudited) Assets Current assets: Cash and cash equivalents $ 845,199 $ 386,009 Accounts receivable 38,076 24,743 Inventory 48,274 62,548 Prepaid expenses and other current assets 429,663 533,128 Total current assets 1,361,213 1,006,429 Other assets: Property and equipment, net of accumulated depreciation 845,501 867,975 Total assets $ 2,206,713 $ 1,874,205 Liabilities Current liabilities: Accounts payable $ 747,776 $ 514,488 Taxes payable 567,142 410,504 Notes payable, current - 207,978 Other accrued liabilities 423,006 460,290 Total current liabilities 1,737,924 1,593,210 Deferred rent – noncurrent 929,893 937,459 Total Liabilities 2,660,817 2,530,669 Shareholders deficit (454,103 ) (656,464 ) Total liabilities and shareholders’ deficit $ 2,206,713 $ 1,874,205 Net income for the three months ended June 30, 2016 and 2015 was as follows: Three Months Ended June 30, 2016 (Unaudited) Three Months Ended June 30, 2015 (Unaudited) Revenue $ 1,660,079 $ 1,936,770 Cost of revenue 228,496 227,385 Gross profit 1,431,583 1,659,385 Operating expenses: Selling, general and administrative 1,180,799 1,392,716 Depreciation and amortization 29,885 - Total operating expenses 1,210,684 1,392,716 Income from operations before other expenses 220,898 266,669 Other expenses: Interest - 57,424 Income before provision for taxes 218,992 209,245 Taxes 54,529 59,310 FX translation gain (loss) (1,864 ) Net Incomes $ 166,369 $ 148,071

Property and Equipment

Property and Equipment	3 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 5 – Property and Equipment Value of property and equipment at June 30, 2016 and March 31, 2016 was as follows: June 30, 2016 March 31, 2016 Production equipment $ 51,304 $ 51,304 Computer equipment 42,078 23,125 Total property and equipment 93,382 74,429 Accumulated depreciation (17,760 ) (11,860 ) Property and equipment, net $ 75,622 $ 62,569 Depreciation expense was $5,900 and $819 for three months ended June 30, 2016 and 2015, respectively.

Related Party Notes Payable

Related Party Notes Payable	3 Months Ended
	Jun. 30, 2016
Short-term Debt [Abstract]
Related Party Notes Payable	Note 6 – Related Party Notes Payable As of June 30, 2016 and March 31, 2016, the Company had the following outstanding notes payable to Trinad Capital Master Fund (“Trinad Capital”), a fund wholly owned by Mr. Ellin, the Company’s Executive Chairman, President, director and majority stockholder, for both short and long term working capital requirements: June 30, 2016 March 31, 2016 First Senior Note $ 1,000,000 $ 1,000,000 Second Senior Note 1,879,100 1,784,000 Total 2,879,100 2,784,000 Less valuation discount (1,406,644 ) - Net 1,472,456 2,784.000 First Senior Note - Trinad Capital Master Fund On December 31, 2014, the Company entered into a senior convertible promissory note (the “First Senior Note”) with Trinad Capital allowing for advances up to a maximum loan amount of $1,000,000, plus interest at the rate of six percent (6%) per annum on the unpaid principal amount of outstanding advances. At the time the First Senior Note was made, Trinad Capital advanced $700,000 to the Company and had accrued $70,151 in unpaid interest. Pursuant to the terms of the Senior Note, all outstanding unpaid principal and accrued interest was due and payable on June 30, 2016 or such later date as Trinad Capital may agree to in writing unless, prior to such date, the First Senior Note has been repaid in full or Trinad Capital elects to convert all or any portion of the then-outstanding loan balance into common stock of the Company in connection with the Company consummating an equity financing in excess of $5,000,000 or greater as set forth in the terms of the First Senior Note. Subsequent to the making of the First Senior Note: ·• On January 27, 2015, the Company and Trinad Capital entered into an amendment to the First Senior Note, effective as of December 31, 2014, pursuant to which: (1) the term of the First Senior Note was extended to June 30, 2016 and (2) the conversion price for conversion of the unpaid balance and interest outstanding in connection with an equity financing was amended to be the price per share equal to the average price per share paid by investors in the equity financing; • On February 5, 2015, the Company and Trinad Capital entered into an amendment and restatement of the First Senior Note, effective as of December 31, 2014, pursuant to which the convertibility feature of the note was eliminated in its entirety; and • On April 21, 2016, the First Senior Note was amended to extend the maturity date to June 30, 2017, or such later date as Trinad Capital may agree to in writing. For extending the due date of the Second Senior Note to June 30, 2017, the Company issued to Trinad Capital warrants to purchase 572,493 shares of its common stock, with an exercise price of $0.01 per share and expiration date of April 21, 2020. The aggregate fair value of the 572,473 warrants issued upon extension of the note were valued at $567,282 using the Black-Scholes Option Pricing model with the following average assumptions: risk-free interest rate of 1.30%; dividend yield of 0%; volatility rate of 100%; and an expected life of four years (statutory term). The value of the warrants of $567,282 was considered as debt discount and is being amortized over the remaining term of the note. During the quarter ended June 30, 2016, the Company amortized $91,287 of such discount to interest expense, and the unamortized discount as of June 30, 2016 was $475,995. As of June 30, 2016 and March 31, 2016, $1,000,000 of principal was outstanding under the First Senior Note. Accrued interest of $155,514 and $140,555 is reflected on the balance sheet as accrued interest payable, related party as of June 30, 2016 and March 31, 2016, respectively, Second Senior Note - Trinad Capital Master Fund On April 8, 2015, the Company entered into a second senior promissory note (the “Second Senior Note”) with Trinad Capital in the amount of $195,500. The Second Senior Note bears interest at the rate of eight percent (8%) per annum and all outstanding unpaid principal and accrued interest is due and payable on June 30, 2016 or such later date as Trinad Capital may agree to in writing, unless prior to such date this note has been prepaid in full. During the year ended March 31, 2016, Trinad Capital made advances to the Company totaling $1,784,000. Subsequent to the making of the Second Senior Note: • On July 10, 2015, the Company and Trinad Capital amended and restated the Second Senior Note from $195,500 to the lesser of (i) $1,000,000 (the “Maximum Advance Amount”), or (ii) the aggregate unpaid principal amount of the advances; • On November 23, 2015, the Company and Trinad Capital amended the Second Senior Note to increase the Maximum Advance Amount to $2,000,000; and • On April 26, 2016, the Second Senior Note was amended to increase the Maximum Advance Amount to $3,000,000 and to extend the maturity date to June 30, 2017 or such later date as Trinad Capital may agree to in writing. For extending the due date of the Second Senior Note to June 30, 2017, the Company issued to Trinad Capital warrants to purchase 1,103,884 shares of its common stock, with an exercise price of $0.01 per share and expiration date of April 21, 2020 The aggregate fair value of the 1,103,884 warrants issued upon extension of the note were valued at $1,093,832 using the Black-Scholes Option Pricing model with the following average assumptions: risk-free interest rate of 1.30%; dividend yield of 0%; volatility rate of 100%; and an expected life of four years (statutory term). The value of the warrants of $1,093,832 was considered as debt discount and is being amortized over the remaining term of the note. During the quarter ended June 30, 2016, the Company amortized $163,182 of such discount to interest expense, and the unamortized discount as of June 30, 2016 was $930,649. The amount due Trinad Capital under this note was $1,784,000 at March 31, 2016. During the quarter ended June 30, 2016, Trinad Capital made additional advances to us under the Second Senior Note totaling $445,100. The Company also made a repayment of $350,000 during three months ended June 30, 2016. As of June 30, 2016 $1,879,100 of principal was outstanding under the Second Senior Note. Accrued interest of $128,001 and $87,048 is reflected on the balance sheet as accrued interest payable, related party as of June 30, 2016 and March 31, 2016, respectively,

Other Note Payable

Other Note Payable	3 Months Ended
	Jun. 30, 2016
Payables and Accruals [Abstract]
Other Note Payable	Note 7 – Other Note Payable On December 31, 2014, the Company converted accounts payable into a Senior Promissory Note (the “Note”) in the aggregate principal amount of $242,498. The Note bears interest at 6% per annum and interest is payable on a quarterly basis commencing March 31, 2015 or the Company may elect that the amount of such interest be added to the principal sum outstanding under this Note. The payables arose in connection with professional services rendered by attorneys for the Company prior to and through December 31, 2014, and the Note had an original maturity date of December 31, 2015 which was amended to June 30, 2016 or such later date as the lender may agree to in writing. As of the date of this Quarterly Report on Form 10-Q (this “Quarterly Report”), the Note had not been extended and is currently in default. As of June 30, 2016 and March 31, 2016, $265,158 and $262,040 of principal, which include $22,660 and $19,542 of accrued interest, respectively, were outstanding under the Note.

Unsecured Convertible Notes Pay

Unsecured Convertible Notes Payable	3 Months Ended
	Jun. 30, 2016
Long-term Debt, Unclassified [Abstract]
Unsecured Convertible Notes Payable	Note 8 – Unsecured Convertible Notes Payable Unsecured Convertible notes payable at June 30, 2016 and March 31, 2016 were as follows: June 30, 2016 March 31, 2016 8% Unsecured Convertible Notes $ - 200,000 Less accumulated amortization of Valuation Discount - (89,727 ) Net $ - 110,373 On January 19, 2016, the Company issued three 8% unsecured notes payable to investors (the “Lenders”) for an aggregate amount of $200,000. These notes will be payable upon the date that is 24 months from the date of issuance. In addition, the Lenders were issued 200,000 warrants to purchase the Company’s shares of common stock at an exercise price of $0.01 per share. The aggregate relative fair value of the 200,000 warrants issued along with the notes was valued at $99,915 using the Black-Scholes Option Pricing model with the following average assumptions: risk-free interest rate of 1.30%; dividend yield of 0%; volatility rate of 100%; and an expected life of four years (statutory term). The value of the warrants of $99,915 was considered as debt discount upon issuance and was being amortized as interest over the term of the notes or in full upon the conversion of the corresponding notes. During the year ended March 31, 2016, the Company amortized $9,818 of such discount to interest expense, and the unamortized discount as of March 31, 2016 was $89,727. During the quarter ended June 30, 2016, debt discount was fully amortized to interest expense. The notes were subject to an automatic conversion feature if the Company raises a minimum of 2,500,000 (excluding the amount converting pursuant to the notes) in the aggregate in gross proceeds from an equity financing led by a reputable institutional investor in one or more closings (a “Qualified Equity Financing”) prior to the maturity date, the Lenders will have the right to convert all outstanding principal and interest into the same equity securities (the “Investor Stock”) issued in the Qualified Equity Financing at 75% of the issuance price of the Investor Stock in such offering. The holders of the notes shall receive the same rights, privileges and protections as the Investor Stock issued in connection with the Qualified Equity Financing including, but not limited to, registration rights. On June 6, 2016, the Lenders converted $200,000 of principal and $5,918 of interest into 102,959 shares of the Company’s common stock at a conversion price of $2 per share. As the market price of the shares on the date of conversion approximated $2.50 per share, the Company recognized a beneficial conversion cost of $51,480. In addition, the Lenders were issued 102,960 warrants to purchase shares of the Company’s common stock at an exercise price of $0.01 per share as inducement of this conversion. The aggregate fair value of the 102,960 warrants issued at the time of the note conversion was $256,411 using the Black-Scholes Option Pricing model with the following average assumptions: risk-free interest rate of 1.20%; dividend yield of 0%; volatility rate of 100%; and an expected life of three years (statutory term). The value of the warrants of $256,411 was considered as additional interest expense. The warrants were exercised immediately into 102,960 shares of the Company’s common stock with net proceeds of $1,030 to the Company.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions	Note 9 – Related Party Transactions Management Services from Trinad Management LLC Pursuant to a Management Agreement with Trinad Management LLC (“Trinad LLC”) entered into on September 23, 2011, Trinad LLC has agreed to provide certain management services to the Company through September 22, 2014, including, without limitation, the sourcing, structuring and negotiation of potential business acquisitions and customer contracts for the Company. Under the Management Agreement, the Company compensated Trinad LLC for its services with (i) a fee equal to $2,080,000, with $90,000 payable in advance of each consecutive three-month calendar period during the term of the Agreement and with $1,000,000 due at the end of the three (3) year term, and (ii) issuance of a Warrant to purchase 1,125,000 shares of the Company’s common stock at an exercise price of $0.15 per share (“Warrant”). The Warrant may be exercised in whole or in part by Trinad LLC at any time for a period of ten (10) years. During the year ended March 31, 2015, the Company accrued $180,000 related to the remaining portion due under the Management Agreement. The total amount of $1,000,000 due Trinad LLC is reflected as a liability on the accompanying June 30, 2016 and March 31, 2016 balance sheets. Trinad LLC continues to provide services to the Company at a fee of $30,000 per month on a month-to-month basis. For the quartera ended June 30, 2016 and 2015 , the Company incurred $90,000 and $90.000, respectively, of such costs. As of June 30, 2016 the Company had prepaid $90,000 of such fees which have been reflected as a prepaid asset, related party on the accompanying June 30, 2016 balance sheet. As of June 30, 2016 and March 31, 2016, amounts due to related parties were $50,000 and $117,124, respectively, payable to Mr. Ellin, our Executive Chairman, President, director and majority stockholder. These amounts were provided for working capital as needed and are unsecured, non-interest bearing advances with no formal terms of repayment. Rent During the quarter ended June 30, 2016 and the fiscal year ended March 31, 2016, we subleased office space from Trinad LLC for no cost to us. Management estimates such amounts to be immaterial. We anticipate continuing to sublease such space at no cost to us for the foreseeable future. We believe that such property is in good condition and is suitable for the conduct of our business.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 10 – Commitments and Contingencies Legal Proceedings On May 20, 2016, Mr. Oliver Bengough filed a Petition for Relief (the “Petition”) in the High Court of Justice, Chancery Division (the “Court”) against OCHL, OCL, KOKO UK and Mr. Ellin (collectively, the “Respondents”). In connection with the Petition, effective as of May 20, 2016, Mint Group terminated the Management Services Agreement with OCL pursuant to which Mint Group served as a contracted service provider to KOKO, a nightclub and live music venue “KOKO” in Camden, London owned by KOKO UK. The Petitioner claims certain breaches of duty by Mr. Ellin in connection with the corporate operations of the Respondents, as well as a “deterioration” of the relationship between the parties. The Petitioner further claims that his interests have been unfairly prejudiced by the conduct of the Respondents and the breakdown of trust and confidence between himself and Mr. Ellin. In connection with such termination, we demanded the resignation of Mr. Bengough (a significant shareholder of Mint Group) from the board of OCHL due to what we strongly believe to be performance and management concerns on behalf of Mint Group and its non-payment of certain funds. OCHL was formed by OCL’s stockholders for the sole purpose of acquiring all of the registered and contributed capital of OCL, is a 50%-owned subsidiary of the Company and is the parent of OCL. Among other things, the Petitioner is seeking an order by the Court for the sale by KOKO UK of its shares in OCHL to the Petitioner at a fair market value to be determined by the Court or an independent third party valuation with a discount to reflect the losses claimed to be suffered by the Petitioner. The Petitioner is further seeking, if required, an order terminating Mr. Ellin’s directorship of OCHL and OCL, permission to bring a derivative action against Mr. Ellin alleging breaches of certain duties set forth in the Petition, for the Court to set aside the Senior Note and Junior Note (as each defined below) or alternatively such part of those notes which the Petitioner alleges are expenses for which Respondents OCL and OCHL should not be liable and for the Court to declare that OCL and OCHL have no liability for such expenses to us, JJAT or any other person connected with Mr. Ellin. As part of the initial hearing, the Court granted Petitioner’s request for interim relief to allow the Petitioner to continue running OCL’s business as it was conducted prior to the filing of the Petition, subject to Mr. Ellin’s approval of any expenditures exceeding $15,000 in amount (the “Interim Injunction”). This interim relief was granted pending a final decision on the Interim Injunction at the next hearing. As part of the Merger consummated on April 28, 2014, OCHL and OCL became additional promisors under 2 promissory notes, a promissory note, dated as of April 28, 2014 (the “Senior Note”), issued in favor of JJAT, and a promissory note, dated as of April 28, 2014 (the “Junior Note”), issued in our favor. Pursuant to the Senior Note, OCHL and OCL are jointly liable for the principal amount of $1,376,124 and interest at 8% per annum. Pursuant to the Junior Note, OCHL and OCL are jointly liable to us for a principal amount of $494,749 and interest at 8% per annum. In the event the Court denies the Petitioner’s relief summarized above, a request was made by the Petitioner for an order by the Court for the “winding up” of OCL and OCHL based upon deadlock of its board and members. The Respondents have retained UK counsel in this matter and categorically deny all allegations in the Petition and intend to aggressively defend this action, to refute the allegations set forth therein and to file a substantive counter-complaint in answer to the Petition. A 2-day hearing has been set by the Court for July 28 and 29, 2016, consisting of a procedural hearing on the Petition and to rule on the Interim Injunction. Subsequently, the Petitioner and the Respondents entered into a Consent Order, dated as of July 20, 2016, as approved by the Court on July 22, 2016 (the “Order”), pursuant to which they agreed that: • Mr. Ellin will resign as a director of OCHL and OCL effective upon the appointment of a non-executive director on the boards of directors of the 2 companies (the “NED Appointment”). As of the date of this Quarterly Report, Mr. Ellin and Mr. Bengough have not yet agreed on who such independent non-executive director shall be; • pending the hearing of the Petition, Mr. Ellin shall not exercise any of his consent rights under Sections 4(j), (l), (m), (n) and (t) of the Shareholders’ Agreement in Relation to Obar Camden Holdings Limited, dated as of February 12, 2014, as amended by the Variation to Shareholders Agreement, dated as of April 24, 2014 (the “Rights”); • if the Court dismisses the Petition, upon Mr. Ellin’s request, Mr. Bengough shall reinstate Mr. Ellin as a director of OCHL and OCL (assuming the NED Appointment takes place), and Mr. Ellin’s ability to exercise the Rights shall be reinstated as well; • the newly appointed non-executive director shall provide information and reports to Mr. Ellin regarding OCHL’s and OCL’s business and financial operations and such other information as Mr. Ellin shall reasonably request; • Mr. Bengough shall provide to the Company and Mr. Ellin unaudited management accounts of OCHL and OCL within 3 weeks of the end of each calendar month, as well as such additional information that Mr. Ellin may reasonably request; • Mr. Ellin can apply to the Court with 48 hours’ notice if it appears that the terms of the Order are not being complied with; and • the hearing of the Interim Injunction will be dismissed.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Jun. 30, 2016
Stockholders' Equity:
Stockholders' Equity	Note 11 – Stockholders’ Equity Sale of Common Stock or Equity Units During the three months ended June 30, 2016, the Company entered into securities purchase agreements with certain accredited investors, pursuant to which the Company sold an aggregate of 250,000 units at a purchase price of $5.00 per share for $1,250,000 in cash proceeds. Each unit consisted of one share of the Company’s common stock and one warrant to purchase a share of the Company’s common stock, exercisable for a period of three years from the date of original issuance at an exercise price of $0.01 per share. Issuance of Common Stock for Services During the three months ended June 30, 2016, the Company issued 103,650 shares of its common stock valued at $181,125 to various consultants. The Company valued these shares at prices from $1 to $2.50 per share, the most recent price of the sale of its common stock near the date of grant. Warrants During the three months ended June 30, 2016, the Company issued warrants to acquire 102,960 shares of the Company’s common valued at $256,411 as an inducement to convert a convertible note. These warrants, along with 200,000 warrants issued to the note holder upon issuance of the note, were exercised during the period at an exercise price of $0.01 per share, resulting in net proceeds to the Company of $1,030. During the three months ended June 30, 2016, the Company issued warrants to Trinad Capital, a related party, to acquire 1,676,377 shares of the Company’s common valued at $1,661,114 at an exercise price of $0.01 to extend the maturity dates of certain notes. The table below summarizes the Company’s warrant activities: Number of Warrants Weighted Weighted Average Balance outstanding, March 31, 2016 1,800,000 $ 0.10 4.16 Granted 2,029,337 0.01 3.66 Exercised (302,960 ) 0.01 3.34 Forfeited/expired - - - Balance outstanding, June 30, 2016 3,526,377 $ 0.10 4.03 Exercisable, June 30, 2016 3,526,377 $ 0.10 4.03

Subsequent Events

Subsequent Events	3 Months Ended
	Jun. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	Note 12 – Subsequent Events Additional Advances from Trinad Subsequent to quarter ended June 30, 2016, Trinad Capital advanced an additional $175,000 to us under the terms and conditions of the Second Senior Note.

Significant Accounting Polici19

Significant Accounting Policies and Practices (Policies)	3 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
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 of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date(s) of the financial statements and the reported amounts of revenues and expenses during the reporting period(s). Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable in relation to the financial statements taken as a whole under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Management regularly evaluates the key factors and assumptions used to develop the estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such evaluations, if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates. Significant estimates include those related to assumptions used in impairment testing of long term assets, accruals for potential liabilities and valuing equity instruments issued for services. Actual results could differ from those estimates.
Principles of Consolidation	Principles of Consolidation The Company's consolidated subsidiaries and/or entities are as follows: Name of consolidated subsidiary State or other Date of incorporation or Attributable LiveXLive, Corp. Delaware February 24, 2015 100 % KOKO (Camden) Holdings (US), Inc. Delaware March 17, 2014 100 % KOKO (Camden) UK Limited England and Wales November 7, 2013 100 % The consolidated financial statements include all accounts of the Company and the consolidated subsidiaries and/or entities as of reporting period ending date(s) and for the reporting period(s) then ended. All inter-company balances and transactions have been eliminated.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company follows the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and to measure the fair value of its financial instruments. The FASB Accounting Standards Codification establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The three levels of fair value hierarchy are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally observable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The carrying amounts of the Company’s financial assets and liabilities, including cash, prepaid expenses, accounts payable, accrued expenses, and other current liabilities, approximate their fair values because of the short maturity of these instruments.
Investment in Unconsolidated Subsidiary Under the Equity Method	Investment in Unconsolidated Subsidiary Under the Equity Method The Company accounts for investments in which the Company owns more than 20% of the investee using the equity method in accordance with ASC Topic 323, Investments—Equity Method and Joint Ventures. Under the equity method, an investor initially records an investment in the investee at cost, and adjusts the carrying amount of the investment to recognize the investor's share of the earnings or losses of the investee after the date of acquisition. The amount of the adjustment is included in the determination of net income by the investor, and such amount reflects adjustments similar to those made in preparing consolidated statements including adjustments to eliminate intercompany gains and losses, and to amortize, if appropriate, any difference between investor cost and underlying equity in net assets of the investee at the date of investment. The investment of an investor is also adjusted to reflect the investor's share of changes in the investee's capital. Dividends received from an investee reduce the carrying amount of the investment. A series of operating losses of an investee or other factors may indicate that a decrease in value of the investment has occurred which is other than temporary and which should be recognized even though the decrease in value is in excess of what would otherwise be recognized by application of the equity method.
Stock-Based Compensation	Stock-Based Compensation The Company periodically issues stock options and warrants to employees and non-employees in non-capital raising transactions for services and for financing costs. The Company accounts for stock option and warrant grants issued and vesting to employees based on the authoritative guidance provided by FASB where the value of the award is measured on the date of grant and recognized as compensation expense on the straight-line basis over the vesting period. The Company accounts for stock option and warrant grants issued and vesting to non-employees in accordance with the authoritative guidance of the FASB where the value of the stock compensation is based upon the measurement date as determined at either a) the date at which a performance commitment is reached, or b) at the date at which the necessary performance to earn the equity instruments is complete. Options granted to non-employees are revalued each reporting period to determine the amount to be recorded as an expense in the respective period. As the options vest, they are valued on each vesting date and an adjustment is recorded for the difference between the value already recorded and the then current value on the date of vesting. In certain circumstances where there are no future performance requirements by the non-employee, option grants are immediately vested and the total stock-based compensation charge is recorded in the period of the measurement date. The fair value of the Company's stock option and warrant grants are estimated using the Black-Scholes-Merton Option Pricing model, which uses certain assumptions related to risk-free interest rates, expected volatility, expected life of the stock options or warrants, and future dividends. Compensation expense is recorded based upon the value derived from the Black-Scholes-Merton Option Pricing model, and based on actual experience. The assumptions used in the Black-Scholes-Merton Option Pricing model could materially affect compensation expense recorded in future periods.
Income taxes	Income taxes The Company follows the asset and liability method which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Operations in the period that includes the enactment date. The Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The estimated future tax effects of temporary differences between the tax basis of assets and liabilities are reported in the accompanying consolidated balance sheets, as well as tax credit carry-backs and carry-forwards. The Company periodically reviews the recoverability of deferred tax assets recorded on its consolidated balance sheets and provides valuation allowances as management deems necessary. Management makes judgments as to the interpretation of the tax laws that might be challenged upon an audit and cause changes to previous estimates of tax liability. In addition, the Company operates within multiple taxing jurisdictions and is subject to audit in these jurisdictions. In management’s opinion, adequate provisions for income taxes have been made for all years. If actual taxable income by tax jurisdiction varies from estimates, additional allowances or reversals of reserves may be necessary. The Company’s tax years 2011 to 2014 remain subject to examination by major tax jurisdictions Pursuant to the Internal Revenue Code Section 382 (“Section 382”), certain ownership changes may subject the NOL’s to annual limitations which could reduce or defer the NOL. Section 382 imposes limitations on a corporation’s ability to utilize NOLs if it experiences an “ownership change.” In general terms, an ownership change may result from transactions increasing the ownership of certain stockholders in the stock of a corporation by more than 50 percentage points over a three-year period. In the event of an ownership change, utilization of the NOLs would be subject to an annual limitation under Section 382 determined by multiplying the value of its stock at the time of the ownership change by the applicable long-term tax-exempt rate. Any unused annual limitation may be carried over to later years. The imposition of this limitation on its ability to use the NOLs to offset future taxable income could cause the Company to pay U.S. federal income taxes earlier than if such limitation were not in effect and could cause such NOLs to expire unused, reducing or eliminating the benefit of such NOLs.
Earnings Per Share	Earnings Per Share Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted loss per share reflects the potential dilution, using the treasury stock method that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the loss of the Company. In computing diluted loss per share, the treasury stock method assumes that outstanding options and warrants are exercised and the proceeds are used to purchase common stock at the average market price during the period. Options and warrants may have a dilutive effect under the treasury stock method only when the average market price of the common stock during the period exceeds the exercise price of the options and warrants. At June 30, 2016 and 2015, the Company had 3,526,377 and 1,475,000 warrants outstanding, respectively, which were excluded from the loss per share calculation as they were anti-dilutive.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers. ASU 2014-09 is a comprehensive revenue recognition standard that will supersede nearly all existing revenue recognition guidance under current U.S. GAAP and replace it with a principle based approach for determining revenue recognition. ASU 2014-09 will require that companies recognize revenue based on the value of transferred goods or services as they occur in the contract. The ASU also will require additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. ASU 2014-09 is effective for interim and annual periods beginning after December 15, 2017. Early adoption is permitted only in annual reporting periods beginning after December 15, 2016, including interim periods therein. Entities will be able to transition to the standard either retrospectively or as a cumulative-effect adjustment as of the date of adoption. The Company is in the process of evaluating the impact of ASU 2014-09 on the Company's financial statements and disclosures. In August, 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-15, Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern, which provides guidance on determining when and how to disclose going-concern uncertainties in the financial statements. The new standard requires management to perform interim and annual assessments of an entity's ability to continue as a going concern within one year of the date the financial statements are issued. An entity must provide certain disclosures if conditions or events raise substantial doubt about the entity's ability to continue as a going concern. The ASU applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases. ASU 2016-02 requires a lessee to record a right of use asset and a corresponding lease liability on the balance sheet for all leases with terms longer than 12 months. ASU 2016-02 is effective for all interim and annual reporting periods beginning after December 15, 2018. Early adoption is permitted. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company is in the process of evaluating the impact of ASU 2016-02 on the Company's financial statements and disclosures. Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company's present or future consolidated financial statement presentation or disclosures.

Significant Accounting Polici20

Significant Accounting Policies and Practices (Tables)	3 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Schedule of consolidated subsidiaries and/or entities	The Company's consolidated subsidiaries and/or entities are as follows: Name of consolidated subsidiary State or other Date of incorporation or Attributable LiveXLive, Corp. Delaware February 24, 2015 100 % KOKO (Camden) Holdings (US), Inc. Delaware March 17, 2014 100 % KOKO (Camden) UK Limited England and Wales November 7, 2013 100 %

Restatement of Prior Period F21

Restatement of Prior Period Financial Statements (Tables)	3 Months Ended
	Jun. 30, 2016
Restatement Of Prior Period Financial Statements
Schedule of previously issued of consolidated statements of operations	Loton, Corp Condensed Consolidated Statements of Operations (Unaudited) Originally Filed, Effect of of OCHL Pro Forma After Equity Treatment, As Restated, (unaudited) Notes Revenues $ 1,936,770 $ (1,936,770 ) $ - $ - $ - (1) - Cost of Revenue 277,385 (277,385 ) - - - (2) Gross Margin 1,659,385 (1,659,385 ) - - - Operating Expenses Selling, general and administrative 2,131,140 (1,345,347 ) 785,793 - 785,793 (1) Related party expenses 120,609 (30,609 ) 90,000 - 90,000 (1) Total operating expenses 2,251,749 (1,375,956 ) 875,793 - (875,793 ) Income (loss) from operations (592,364 ) 283,429 (875,793 ) - (875,793 ) Other (income) expense Compensation expense, investors - - - - - Interest income (expense), net (44,077 ) (60,958 ) 16,880 - 16,880 (1) Earnings from investment - - - 74,036 74,036 (2) Other (income) expense, net (44,077 ) (60,958 ) 16,880 74,036 90,916 - Net income (loss) before income taxes (636,441 ) 222,471 (858,912 ) 74,036 (784,876 ) - Income tax provision 59,310 59,310 - - - (1) - Net income (loss) before non-controlling interest (695,751 ) 163,161 (858,912 ) 74,036 (784,876 ) - Net income (loss) attributable to non-controlling interest 74,967 74,967 - - - (1) - Net income (loss) attributable to Loton Corp. stockholders (770,718 ) 88,194 (858,912 ) 74,036 (784,876 ) - Other comprehensive income (loss) attributable to Loton Corp stockholders (932 ) 932 - - - - Comprehensive income (loss) $ (771,650 ) $ 88,262 $ (858,912 ) $ 74,036 $ (784,876 ) Earnings Per Share: - basic and diluted $ (0.02 ) $ (0.02 ) $ (0.02 ) Weighted average common shares outstanding: - basic and diluted 44,700,378 44,304,432 44,304,432 Notes: (1) To remove balances of previously consolidated investment (2) To reflect investment in OCHL under equity method
Schedule of previously issued of consolidated statements of cash flows	Loton, Corp Condensed Consolidated Statements of Cash Flows (Unaudited) Originally Filed, Effect of Equity Treatment, As Restated, June 30, deconsolidation Investment June 30, 2015 of OCHL in OCHL 2015 Notes (as Restated) Cash Flows from Operating Activities Net loss $ (695,751 ) $ (163,161 ) $ 74,036 $ (784,876 ) (1) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 32,304 (31,485 ) - 819 (1) Common stock issued for services 223,958 - - 223,958 (1) Warrants issued for compensation - - - - (1) Equity in earnings of OCHL - - (74,036 ) (74,036 ) (2) Changes in operating assets and liabilities: (Increase)/Decrease in current assets 136,292 (136,395 ) - (103 ) (1) (Increase)/Decrease in prepaids 84,321 (84,321 ) - - (1) (Increase)/Decrease in note receivable - related party 26,341 (26,341 ) - - (1) Services payable - related party - - (1) Decrease/(Increase) in current liabilities, net (241,454 ) 247,677 - 6,223 (1) Net cash used in operating activities (433,989 ) (194,025 ) - (628,014 ) (2) Cash Flows from Investing Activities: Purchases of fixed assets (23,900 ) 23,900 - - (1) Net cash used in investing activities (23,900 ) 23,900 - (2) Cash Flows from Financing Activities (Advance to)/proceeds from notes payable, related party (33,434 ) (20,190 ) - (53,624 ) (1) Repayment of note payable (64,000 ) 64,000 - - (1) Proceeds from warrants exercised 1,500 - 1,500 Proceeds from issuance of common stock 150,000 - - 150,000 (2) Proceeds from notes payable, related party 820,500 - - 820,500 (1) Net cash provided by financing activities 874,566 43,810 918,376 Effect of exchange rate changes on cash 53,078 (53,078 ) - - (1) Net Increase/(Decrease) in cash 469,755 (179,393 ) 290,362 Cash, beginning of period 866,951 (830,830 ) 36,121 (1) (1) Cash, end of period $ 1,336,706 $ (1,010,223 ) $ 326,483 Notes: (1) To remove balances of previously consolidated investment (2) To reflect investment in OCHL under equity method

Equity Investments in OCHL (Tab

Equity Investments in OCHL (Tables)	3 Months Ended
	Jun. 30, 2016
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Schedule of changes in investments in and advances to equity method investments	As of June 30, 2016, the changes in investments in and advances to equity method investments are summarized as follows: Balance March 31, 2016 $ 4,889,515 50% share of net income 83,184 Balance June 30, 2016 $ 4,972,699
Schedule of carrying amounts of the major classes of assets and liabilities	The carrying amounts of the major classes of assets and liabilities of OCHL as of June 30, 2016 and March 31, 2016 are as follows: June 30, 2016 March 31, 2016 (Unaudited) Assets Current assets: Cash and cash equivalents $ 845,199 $ 386,009 Accounts receivable 38,076 24,743 Inventory 48,274 62,548 Prepaid expenses and other current assets 429,663 533,128 Total current assets 1,361,213 1,006,429 Other assets: Property and equipment, net of accumulated depreciation 845,501 867,975 Total assets $ 2,206,713 $ 1,874,205 Liabilities Current liabilities: Accounts payable $ 747,776 $ 514,488 Taxes payable 567,142 410,504 Notes payable, current - 207,978 Other accrued liabilities 423,006 460,290 Total current liabilities 1,737,924 1,593,210 Deferred rent – noncurrent 929,893 937,459 Total Liabilities 2,660,817 2,530,669 Shareholders deficit (454,103 ) (656,464 ) Total liabilities and shareholders’ deficit $ 2,206,713 $ 1,874,205
Schedule of revenue and expenses	Net income for the three months ended June 30, 2016 and 2015 was as follows: Three Months Ended June 30, 2016 (Unaudited) Three Months Ended June 30, 2015 (Unaudited) Revenue $ 1,660,079 $ 1,936,770 Cost of revenue 228,496 227,385 Gross profit 1,431,583 1,659,385 Operating expenses: Selling, general and administrative 1,180,799 1,392,716 Depreciation and amortization 29,885 - Total operating expenses 1,210,684 1,392,716 Income from operations before other expenses 220,898 266,669 Other expenses: Interest - 57,424 Income before provision for taxes 218,992 209,245 Taxes 54,529 59,310 FX translation gain (loss) (1,864 ) Net Incomes $ 166,369 $ 148,071

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
Schedule of property plant and equipment	Value of property and equipment at June 30, 2016 and March 31, 2016 was as follows: June 30, 2016 March 31, 2016 Production equipment $ 51,304 $ 51,304 Computer equipment 42,078 23,125 Total property and equipment 93,382 74,429 Accumulated depreciation (17,760 ) (11,860 ) Property and equipment, net $ 75,622 $ 62,569

Related Party Notes Payable (Ta

Related Party Notes Payable (Tables)	3 Months Ended
	Jun. 30, 2016
Short-term Debt [Abstract]
Schedule of outstanding notes payable	As of June 30, 2016 and March 31, 2016, the Company had the following outstanding notes payable to Trinad Capital Master Fund (“Trinad Capital”), a fund wholly owned by Mr. Ellin, the Company’s Executive Chairman, President, director and majority stockholder, for both short and long term working capital requirements: June 30, 2016 March 31, 2016 First Senior Note $ 1,000,000 $ 1,000,000 Second Senior Note 1,879,100 1,784,000 Total 2,879,100 2,784,000 Less valuation discount (1,406,644 ) - Net 1,472,456 2,784.000

Unsecured Convertible Notes P25

Unsecured Convertible Notes Payable (Tables)	3 Months Ended
	Jun. 30, 2016
Long-term Debt, Unclassified [Abstract]
Schedule of unsecured convertible notes payable	Unsecured Convertible notes payable at June 30, 2016 and March 31, 2016 were as follows: June 30, 2016 March 31, 2016 8% Unsecured Convertible Notes $ - 200,000 Less accumulated amortization of Valuation Discount - (89,727 ) Net $ - 110,373

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Jun. 30, 2016
Stockholders' Equity Note [Abstract]
Schedule of warrant activities	The table below summarizes the Company’s warrant activities: Number of Warrants Weighted Weighted Average Balance outstanding, March 31, 2016 1,800,000 $ 0.10 4.16 Granted 2,029,337 0.01 3.66 Exercised (302,960 ) 0.01 3.34 Forfeited/expired - - - Balance outstanding, June 30, 2016 3,526,377 $ 0.10 4.03 Exercisable, June 30, 2016 3,526,377 $ 0.10 4.03

Organization, Operations and 27

Organization, Operations and Basis of Presentation (Details Narrative) - USD ($)	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Apr. 28, 2014
Ownership percentage	50.00%
Working capital deficit	$ 3,573,811
Net loss	(1,803,970)	$ (784,876)
Net cash used in operating activities	$ (1,220,338)	$ (628,014)
Obar Camden Holdings Ltd [Member]
Ownership percentage	50.00%		50.00%

Significant Accounting Polici28

Significant Accounting Policies and Practices (Details)	3 Months Ended
	Jun. 30, 2016
LiveXLive, Corp [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Name of consolidated subsidiary or entity	LiveXLive, Corp.
State or other jurisdiction of incorporation or organization	Delaware
Date of incorporation or formation (date of acquisition, if applicable)	Feb. 24, 2015
Attributable interest	100.00%
KOKO (Camden) Holdings (US), Inc. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Name of consolidated subsidiary or entity	KoKo (Camden) Holdings (US), Inc.
State or other jurisdiction of incorporation or organization	Delaware
Date of incorporation or formation (date of acquisition, if applicable)	Mar. 17, 2014
Attributable interest	100.00%
KOKO (Camden) UK Limited [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Name of consolidated subsidiary or entity	KOKO (Camden) UK Limited
State or other jurisdiction of incorporation or organization	England and Wales
Date of incorporation or formation (date of acquisition, if applicable)	Nov. 7, 2013
Attributable interest	100.00%

Significant Accounting Polici29

Significant Accounting Policies and Practices (Details Narrative) - shares	3 Months Ended	12 Months Ended
	Jun. 30, 2016	Mar. 31, 2015
Percentage of equity method ownership	50.00%
Anti-dilutive shares	3,526,377	1,475,000
Unconsolidated Subsidiary [Member]
Percentage of equity method ownership	20.00%

Restatement of Prior Period F30

Restatement of Prior Period Financial Statements (Details) - USD ($)		3 Months Ended
		Jun. 30, 2016	Jun. 30, 2015
Operating Expenses
Selling, general and administrative		$ 1,084,886	$ 785,793
Related party expenses		90,000	90,000
Total operating expenses		1,174,886	875,793
Income (loss) from operations		(1,174,886)	(875,793)
Other (income) expense
Interest income (expense), net		(712,268)	16,880
Earnings from investment		83,184	74,036
Other (income) expense, net		(629,084)	90,916
Net income (loss) attributable to Loton Corp. stockholders		$ (1,803,970)	$ (784,876)
Earnings Per Share:
- basic and diluted (in dollars per share)		$ (0.04)	$ (0.02)
Weighted average common shares outstanding:
- basic and diluted (in shares)		46,298,459	44,203,669
Originally Filed [Member]
Revenues	[1]		$ 1,936,770
Cost of Revenue	[2]		277,385
Gross Margin			1,659,385
Operating Expenses
Selling, general and administrative	[1]		2,131,140
Related party expenses	[1]		120,609
Total operating expenses			2,251,749
Income (loss) from operations			(592,364)
Other (income) expense
Compensation expense, investors
Interest income (expense), net	[1]		(44,077)
Earnings from investment	[2]
Other (income) expense, net			(44,077)
Net income (loss) before income taxes			(636,441)
Income tax provison	[1]		59,310
Net income (loss) before non-controlling interest	[1]		(695,751)
Net income (loss) attributable to non-controlling interest	[1]		74,967
Net income (loss) attributable to Loton Corp. stockholders			(770,718)
Other comprehensive income (loss) attributable to Loton Corp stockholders			(932)
Comprehensive income (loss)			$ (771,650)
Earnings Per Share:
- basic and diluted (in dollars per share)			$ (0.02)
Weighted average common shares outstanding:
- basic and diluted (in shares)			44,700,378
Effective Of Deconsolidation of OCHL[Member]
Revenues	[1]		$ (1,936,770)
Cost of Revenue	[2]		(277,385)
Gross Margin			(1,659,385)
Operating Expenses
Selling, general and administrative	[1]		(1,345,347)
Related party expenses	[1]		(30,609)
Total operating expenses			(1,375,956)
Income (loss) from operations			283,429
Other (income) expense
Compensation expense, investors
Interest income (expense), net	[1]		(60,958)
Earnings from investment	[2]
Other (income) expense, net			(60,958)
Net income (loss) before income taxes			222,471
Income tax provison	[1]		59,310
Net income (loss) before non-controlling interest	[1]		163,161
Net income (loss) attributable to non-controlling interest	[1]		74,967
Net income (loss) attributable to Loton Corp. stockholders			88,194
Other comprehensive income (loss) attributable to Loton Corp stockholders			932
Comprehensive income (loss)			88,262
Pro Forma After Deconsolidation [Member]
Revenues	[1]
Cost of Revenue	[2]
Gross Margin
Operating Expenses
Selling, general and administrative	[1]		785,793
Related party expenses	[1]		90,000
Total operating expenses			875,793
Income (loss) from operations			(875,793)
Other (income) expense
Compensation expense, investors
Interest income (expense), net	[1]		16,880
Earnings from investment	[2]
Other (income) expense, net			16,880
Net income (loss) before income taxes			(858,912)
Income tax provison	[1]
Net income (loss) before non-controlling interest			(858,912)
Net income (loss) attributable to non-controlling interest	[1]
Net income (loss) attributable to Loton Corp. stockholders			(858,912)
Other comprehensive income (loss) attributable to Loton Corp stockholders
Comprehensive income (loss)			$ (858,912)
Earnings Per Share:
- basic and diluted (in dollars per share)			$ (0.02)
Weighted average common shares outstanding:
- basic and diluted (in shares)			44,304,432
Equity Treatment, Invesment in OCHL [Member]
Revenues	[1]
Cost of Revenue	[2]
Gross Margin
Operating Expenses
Selling, general and administrative	[1]
Related party expenses	[1]
Total operating expenses
Income (loss) from operations
Other (income) expense
Compensation expense, investors
Interest income (expense), net	[1]
Earnings from investment	[2]		74,036
Other (income) expense, net			74,036
Net income (loss) before income taxes			74,036
Income tax provison	[1]
Net income (loss) before non-controlling interest	[1]		(74,036)
Net income (loss) attributable to non-controlling interest	[1]
Net income (loss) attributable to Loton Corp. stockholders			74,036
Other comprehensive income (loss) attributable to Loton Corp stockholders
Comprehensive income (loss)			74,036
As Restated [Member]
Revenues	[1]
Cost of Revenue	[2]
Gross Margin
Operating Expenses
Selling, general and administrative	[1]		785,793
Related party expenses	[1]		90,000
Total operating expenses			(875,793)
Income (loss) from operations			(875,793)
Other (income) expense
Compensation expense, investors
Interest income (expense), net	[1]		16,880
Earnings from investment	[2]		74,036
Other (income) expense, net			90,916
Net income (loss) before income taxes			(784,876)
Income tax provison	[1]
Net income (loss) before non-controlling interest	[1]		(784,876)
Net income (loss) attributable to non-controlling interest	[1]
Net income (loss) attributable to Loton Corp. stockholders			(784,876)
Other comprehensive income (loss) attributable to Loton Corp stockholders
Comprehensive income (loss)			$ (784,876)
Earnings Per Share:
- basic and diluted (in dollars per share)			$ (0.02)
Weighted average common shares outstanding:
- basic and diluted (in shares)			44,304,432
[1]	To remove balances of previously consolidated investment
[2]	To reflect investment in OCHL under equity method

Restatement of Prior Period F31

Restatement of Prior Period Financial Statements (Details 1) - USD ($)		3 Months Ended
		Jun. 30, 2016	Jun. 30, 2015
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		$ 5,900	$ 819
Common stock issued for services		181,125	223,958
Equity in earnings of OCHL		(83,184)	(74,036)
Changes in operating assets and liabilities:
(Increase)/Decrease in current assets		6,382	103
(Increase)/Decrease in prepaids		(74,005)
Net cash used in operating activities		(1,220,338)	(628,014)
Cash Flows from Investing Activities:
Purchases of fixed assets		(18,953)
Net cash used in investing activities		(18,953)
Cash Flows from Financing Activities
Proceeds from warrants exercised		1,030	1,500
Proceeds from issuance of common stock		1,250,000	150,000
Net cash provided by financing activities		1,279,006	918,376
Net Increase/(Decrease) in cash		39,715	290,362
Cash, beginning of period		36,898	36,121
Cash, end of period		$ 76,613	326,483
Originally Filed [Member]
Cash Flows from Operating Activities
Net loss	[1]		(695,751)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	[1]		32,304
Common stock issued for services	[1]		223,958
Warrants issued for compensation	[1]
Equity in earnings of OCHL	[2]
Changes in operating assets and liabilities:
(Increase)/Decrease in current assets	[1]		136,292
(Increase)/Decrease in prepaids	[1]		84,321
(Increase)/Decrease in note receivable - related party	[1]		26,341
Decrease/(Increase) in current liabilities, net	[1]		(241,454)
Net cash used in operating activities	[2]		(433,989)
Cash Flows from Investing Activities:
Purchases of fixed assets	[1]		(23,900)
Net cash used in investing activities	[2]		(23,900)
Cash Flows from Financing Activities
(Advance to)/proceeds from notes payable, related party	[1]		(33,434)
Repayment of note payable	[1]		(64,000)
Proceeds from warrants exercised			1,500
Proceeds from issuance of common stock	[2]		150,000
Proceeds from notes payable, related party	[1]		820,500
Net cash provided by financing activities			874,566
Effect of exchange rate changes on cash	[1]		53,078
Net Increase/(Decrease) in cash			469,755
Cash, beginning of period			866,951
Cash, end of period			1,336,706
Effective Of Deconsolidation of OCHL[Member]
Cash Flows from Operating Activities
Net loss	[1]		163,161
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	[1]		(31,485)
Common stock issued for services	[1]
Warrants issued for compensation	[1]
Equity in earnings of OCHL	[2]
Changes in operating assets and liabilities:
(Increase)/Decrease in current assets	[1]		(136,395)
(Increase)/Decrease in prepaids	[1]		(84,321)
(Increase)/Decrease in note receivable - related party	[1]		(26,341)
Services payable - related party	[1]
Decrease/(Increase) in current liabilities, net	[1]		247,677
Net cash used in operating activities	[2]		(194,025)
Cash Flows from Investing Activities:
Purchases of fixed assets	[1]		23,900
Net cash used in investing activities	[2]		23,900
Cash Flows from Financing Activities
(Advance to)/proceeds from notes payable, related party	[1]		(20,190)
Repayment of note payable	[1]		64,000
Proceeds from warrants exercised
Proceeds from issuance of common stock	[2]
Proceeds from notes payable, related party	[1]
Net cash provided by financing activities			43,810
Effect of exchange rate changes on cash	[1]		(53,078)
Net Increase/(Decrease) in cash			(179,393)
Cash, beginning of period			(830,830)
Cash, end of period			(1,010,223)
Equity Treatment, Invesment in OCHL [Member]
Cash Flows from Operating Activities
Net loss	[1]		(74,036)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	[1]
Common stock issued for services	[1]
Warrants issued for compensation	[1]
Equity in earnings of OCHL	[2]		(74,036)
Changes in operating assets and liabilities:
(Increase)/Decrease in current assets	[1]
(Increase)/Decrease in prepaids	[1]
(Increase)/Decrease in note receivable - related party	[1]
Decrease/(Increase) in current liabilities, net	[1]
Net cash used in operating activities	[2]
Cash Flows from Investing Activities:
Purchases of fixed assets	[1]
Cash Flows from Financing Activities
(Advance to)/proceeds from notes payable, related party	[1]
Repayment of note payable	[1]
Proceeds from issuance of common stock	[2]
Proceeds from notes payable, related party	[1]
Effect of exchange rate changes on cash	[1]
As Restated [Member]
Cash Flows from Operating Activities
Net loss	[1]		(784,876)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	[1]		819
Common stock issued for services	[1]		223,958
Warrants issued for compensation	[1]
Equity in earnings of OCHL	[2]		(74,036)
Changes in operating assets and liabilities:
(Increase)/Decrease in current assets	[1]		(103)
(Increase)/Decrease in prepaids	[1]
(Increase)/Decrease in note receivable - related party	[1]
Services payable - related party	[1]
Decrease/(Increase) in current liabilities, net	[1]		6,223
Net cash used in operating activities	[2]		(628,014)
Cash Flows from Investing Activities:
Purchases of fixed assets	[1]
Net cash used in investing activities	[2]
Cash Flows from Financing Activities
(Advance to)/proceeds from notes payable, related party	[1]		(53,624)
Repayment of note payable	[1]
Proceeds from warrants exercised			1,500
Proceeds from issuance of common stock	[2]		150,000
Proceeds from notes payable, related party	[1]		820,500
Net cash provided by financing activities			918,376
Effect of exchange rate changes on cash	[1]
Net Increase/(Decrease) in cash			290,362
Cash, beginning of period			36,121
Cash, end of period			$ 326,483
[1]	To remove balances of previously consolidated investment
[2]	To reflect investment in OCHL under equity method

Restatement of Prior Period F32

Restatement of Prior Period Financial Statements (Details Narrative) - USD ($)	Apr. 28, 2014	Jun. 30, 2016	Mar. 31, 2016
Ownership percentage		50.00%
Equity method investments		$ 4,972,699	$ 4,889,515
Obar Camden Holdings Ltd [Member]
Ownership percentage	50.00%	50.00%
JJAT Corp (Wholly-owned by Mr. Robert Ellin) [Member]
Shares issued during the period	29,000,000
Equity method investments	$ 4,200,000

Equity Investments in OCHL (Det

Equity Investments in OCHL (Details Narrative) - USD ($)	Apr. 28, 2014	Apr. 24, 2014	Jun. 30, 2016	Mar. 31, 2016	Mar. 31, 2015
Ownership percentage			50.00%
Equity method investments			$ 4,972,699	$ 4,889,515
Due to affiliate			$ 213,331		$ 213,331
Interest rate			8.00%
Maturity date			Apr. 27, 2015
Mr. Bengough [Member] | Private placement [Member] | Variation Agreement (Variation to Shareholders Agreement ) [Member]
Shares issued during the period		29,000,000
Mr. Bengough [Member] | Private placement [Member] | Variation Agreement (Variation to Shareholders Agreement ) [Member] | Minimum [Member]
Ownership percentage after transaction		42.50%
Advisors, Consultants And Key Employees [Member]
Shares issued during the period		3,200,000
JJAT Corp (Wholly-owned by Mr. Robert Ellin) [Member]
Shares issued during the period	29,000,000
Equity method investments	$ 4,200,000
Obar Camden Holdings Ltd [Member]
Ownership percentage	50.00%		50.00%
Equity method investment aggregate cost	$ 494,750

Equity Investments in OCHL (D34

Equity Investments in OCHL (Details)	3 Months Ended
	Jun. 30, 2016USD ($)
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Initial Investment	$ 4,889,515
50% share of net income (loss)	83,184
Initial Investment	$ 4,972,699

Equity Investments in OCHL (D35

Equity Investments in OCHL (Details 1) - USD ($)	Jun. 30, 2016	Mar. 31, 2016
Current assets:
Cash and cash equivalents	$ 845,199	$ 386,009
Accounts receivable	38,076	24,743
Inventory	48,274	62,548
Prepaid expenses and other current assets	429,663	533,128
Total current assets	1,361,213	1,006,429
Other assets:
Property and equipment, net of accumulated depreciation	845,501	867,975
Total assets	2,206,713	1,874,205
Current liabilities:
Accounts payable	747,776	514,488
Taxes payable	567,142	410,504
Notes payable, current		207,978
Other accrued liabilities	423,006	460,290
Total current liabilities	1,737,924	1,593,210
Deferred rent - noncurrent	929,893	937,459
Total Liabilities	2,660,817	2,530,669
Shareholders deficit	(454,103)	(656,464)
Total liabilities and shareholders' deficit	$ 2,206,713	$ 1,874,205

Equity Investments in OCHL (D36

Equity Investments in OCHL (Details 2) - USD ($)	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Revenue	$ 1,660,079	$ 1,936,770
Cost of revenue	228,496	227,385
Gross profit	1,431,583	1,659,385
Operating expenses:
Selling, general and administrative	1,180,799	1,392,716
Depreciation and amortization	29,885
Total operating expenses	1,210,684	1,392,716
Income from operations before other expenses	220,898	266,669
Other expenses:
Interest		57,424
Income before provision for taxes	218,992	209,245
Taxes	54,529	59,310
FX translation gain (loss)		(1,864)
Net Incomes	$ 166,369	$ 148,071

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Jun. 30, 2016	Mar. 31, 2016
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 93,382	$ 74,429
Accumulated depreciation	(17,760)	(11,860)
Property and equipment, net	75,622	62,569
Production Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	51,304	51,304
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 42,078	$ 23,125

Property and Equipment (Detai38

Property and Equipment (Details Narrative) - USD ($)	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 5,900	$ 819

Related Party Notes Payable (De

Related Party Notes Payable (Details) - USD ($)	Jun. 30, 2016	Mar. 31, 2016
Total	$ 2,879,100	$ 2,784,000
Less valuation discount	(1,406,644)
Net	1,472,456	2,784,000
6% First Senior Promissory Note [Member] | Trinad Capital Master Fund [Member]
Total	1,000,000	1,000,000
Less valuation discount	475,995
8% Second Senior Promissory Note [Member] | Trinad Capital Master Fund [Member]
Total	1,879,100	$ 1,784,000
Less valuation discount	$ 930,649

Related Party Notes Payable (40

Related Party Notes Payable (Details Narrative) - USD ($)

Apr. 26, 2016

Apr. 21, 2016

Jan. 27, 2015

Jun. 30, 2016

Jun. 30, 2015

Mar. 31, 2016

Nov. 23, 2015

Jul. 10, 2015

Apr. 08, 2015

Dec. 31, 2014

Nov. 30, 2014

Principal notes payable

$ 2,879,100

$ 2,784,000

Aggregate fair value of warrants

1,661,114

Amortized debt discount

344,196

Unamortized debt discount

$ (1,406,644)

Warrant [Member]

Number of shares issued

200,000

As Restated [Member]

Repayment of notes payable

[1]

Trinad Capital Master Fund [Member] | Warrant [Member]

Number of shares issued

1,676,377

6% First Senior Promissory Note [Member] | Trinad Capital Master Fund [Member]

Debt face amount

$ 1,000,000

$ 700,000

Converted value in excess of principal

$ 5,000,000

Maturity date

Jun. 30, 2016

Revised maturity date

Jun. 30, 2017

Terms of conversion feature

The conversion price for conversion of the unpaid balance and interest outstanding in connection with an equity financing was amended to be the price per share equal to the average price per share paid by investors in the equity financing.

Principal notes payable

$ 1,000,000

1,000,000

Accrued Interest

155,514

140,555

$ 70,151

Amortized debt discount

91,287

Unamortized debt discount

475,995

6% First Senior Promissory Note [Member] | Trinad Capital Master Fund [Member] | Warrant [Member]

Number of shares issued

572,493

Exercise price (in dollars per share)

$ 0.01

Expiration date

Apr. 21, 2020

Aggregate fair value of warrants

$ 567,282

Warrants issued

572,473

Risk-free interest rate

1.30%

Dividend yield

0.00%

Volatility rate

100.00%

Expected life

4 years

Amortized debt discount

$ 567,282

8% Second Senior Promissory Note [Member] | Trinad Capital Master Fund [Member]

Debt face amount

$ 3,000,000

$ 445,100

$ 1,784,000

$ 2,000,000

$ 1,000,000

$ 195,500

Maturity date

Jun. 30, 2017

Jun. 30, 2016

Revised maturity date

Jun. 30, 2017

Jun. 30, 2017

Principal notes payable

$ 1,879,100

1,784,000

Accrued Interest

128,001

$ 87,048

Repayment of notes payable

350,000

Amortized debt discount

163,182

Unamortized debt discount

$ 930,649

8% Second Senior Promissory Note [Member] | Trinad Capital Master Fund [Member] | Warrant [Member]

Number of shares issued

1,103,884

Exercise price (in dollars per share)

$ 0.01

Expiration date

Apr. 21, 2020

Aggregate fair value of warrants

$ 1,093,832

Warrants issued

1,103,884

Risk-free interest rate

1.30%

Dividend yield

0.00%

Volatility rate

100.00%

Expected life

4 years

Amortized debt discount

$ 1,093,832

8% Second Senior Promissory Note [Member] | Trinad Capital Master Fund [Member] | As Restated [Member]

Debt face amount

$ 195,500

[1]

To remove balances of previously consolidated investment

Other Note Payable (Details Nar

Other Note Payable (Details Narrative) - USD ($)	Dec. 31, 2014	Jun. 30, 2016	Mar. 31, 2016
Principal notes payable		$ 265,158	$ 262,042
6% Senior Promissory Note [Member]
Debt face amount	$ 242,498
Maturity date	Dec. 31, 2015
Revised maturity date	Jun. 30, 2016
Principal notes payable		265,158	262,040
Accrued Interest		$ 22,660	$ 19,542

Unsecured Convertible Notes P42

Unsecured Convertible Notes Payable (Details) - 8% Unsecured Convertible Notes Payable [Member] - USD ($)	Jun. 30, 2016	Jun. 06, 2016	Mar. 31, 2016	Jan. 19, 2016
Debt Instrument [Line Items]
Principal notes payable		$ 200,000	$ 200,000
Less accumulated amortization of Valuation Discount			(89,727)
Net			$ 110,373

Unsecured Convertible Notes P43

Unsecured Convertible Notes Payable (Details Narrative) - USD ($)	Jun. 06, 2016	Jan. 19, 2016	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2016
Debt Instrument [Line Items]
Beneficial conversion cost			$ 51,480
Amortized debt discount			344,196
Proceeds from warrant exercised			$ 1,030	$ 1,500
Warrant [Member]
Debt Instrument [Line Items]
Number of shares issued			200,000
8% Unsecured Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Debt face amount		$ 200,000
Debt term		24 months
Exercise price (in dollars per share)	$ 0.01
Principal notes payable	$ 200,000				$ 200,000
Conversion price (in dollars per share)	$ 2
Share price (in dollars per share)	$ 2.50
Beneficial conversion cost	$ 51,480
Accrued interest	$ 5,918
Amortized debt discount					9,818
Unamortized debt discount					$ (89,727)
Description of debt conversion		The Notes were subject to an automatic conversion feature if the Company raises a minimum of 2,500,000 (excluding the amount converting pursuant to the Notes) in the aggregate in gross proceeds from an equity financing led by a reputable institutional investor in one or more closings (a “Qualified Equity Financing”) prior to the Maturity Date, the Lenders will have the right to convert all outstanding principal and interest into the same equity securities (the “Investor Stock”) issued in the Qualified Equity Financing at 75% of the issuance price of the Investor Stock. The holders of the Notes shall receive the same rights, privileges and protections as the Investor Stock issued in connection with the Qualified Equity Financing including, but not limited to, registration rights.
Number of shares converted	102,959
8% Unsecured Convertible Notes Payable [Member] | Warrant [Member]
Debt Instrument [Line Items]
Number of shares issued			200,000
Exercise price (in dollars per share)			$ 0.01
Number of shares of aggregate relative fair value			200,000
Aggregate relative fair value			$ 99,915
Risk-free interest rate			1.30%
Dividend yield			0.00%
Volatility rate			100.00%
Expected life			4 years
8% Unsecured Convertible Notes Payable [Member] | Warrant [Member]
Debt Instrument [Line Items]
Number of shares issued	102,960		102,960
Number of shares of aggregate relative fair value			102,960
Accrued interest	$ 5,918
Aggregate relative fair value			$ 256,411
Risk-free interest rate			1.20%
Dividend yield			0.00%
Volatility rate			100.00%
Expected life			3 years
Proceeds from warrant exercised			$ 1,030

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	Sep. 23, 2011	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2015	Mar. 31, 2016
Related Party Transaction [Line Items]
Due to related party		$ 50,000			$ 117,124
Prepaid assets		$ 90,000
Warrant [Member]
Related Party Transaction [Line Items]
Number of shares issued		200,000
Mr. Robert Ellin [Member]
Related Party Transaction [Line Items]
Due to related party		$ 50,000			117,124
Management Services Agreement [Member] | Trinad Management LLC [Member]
Related Party Transaction [Line Items]
Management service fee	$ 2,080,000	$ 90,000	$ 90,000
Management service payable	$ 90,000			$ 30,000
Due to related party					$ 1,000,000
Agreement term	3 years
Remaining management service payable				$ 180,000
Management Services Agreement [Member] | Trinad Management LLC [Member] | Warrant [Member]
Related Party Transaction [Line Items]
Number of shares issued	1,125,000
Exercise price (in dollars per share)	$ 0.15
Expiration period	10 years

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)	May 20, 2016	Apr. 28, 2014
8% Junior Note [Member]
Debt face amount		$ 494,749
JJAT Corp (Wholly-owned by Mr. Robert Ellin) [Member]
Number of shares issued		29,000,000
JJAT Corp (Wholly-owned by Mr. Robert Ellin) [Member] | 8% Senior Note [Member]
Debt face amount		$ 1,376,124
Litigation Case [Member]
Name of plaintiff	Mr. Oliver Bengough
Name of defendant	OCHL, OCL, KOKO UK and Mr. Ellin (collectively, the “Respondents”).
Domicile of litigation	High Court of Justice, Chancery Division (the “Court”)
Description of allegations	In connection with the Petition, effective as of May 20, 2016, Mint Group terminated the Management Services Agreement with OCL pursuant to which Mint Group served as a contracted service provider to KOKO, a nightclub and live music venue “KOKO” in Camden, London owned by KOKO UK. The Petitioner claims certain breaches of duty by Mr. Ellin in connection with the corporate operations of the Respondents, as well as a “deterioration” of the relationship between the parties. The Petitioner further claims that his interests have been unfairly prejudiced by the conduct of the Respondents and the breakdown of trust and confidence between himself and Mr. Ellin.
Actions taken by court	The Court granted Petitioner’s request for interim relief to allow the Petitioner to continue running OCL’s business as it was conducted prior to the filing of the Petition, subject to Mr. Ellin’s approval of any expenditures exceeding $15,000 in amount (the “Interim Injunction”).
Interim injunction paid	$ 15,000

Stockholders' Equity (Details)

Stockholders' Equity (Details) - Warrant [Member]	3 Months Ended
	Jun. 30, 2016$ / sharesshares
Number of Warrants [Roll Forward]
Balance outstanding, beginning | shares	1,800,000
Granted | shares	2,029,337
Exercised | shares	(302,960)
Forfeited/expired | shares
Balance outstanding, ending | shares	3,526,377
Exercisable, ending | shares	3,526,377
Weighted Average Exercise Price [Roll Forward]
Balance outstanding, beginning | $ / shares	$ 0.10
Granted | $ / shares	0.01
Exercised | $ / shares	0.01
Forfeited/expired | $ / shares
Balance outstanding, ending | $ / shares	0.10
Exercisable, ending | $ / shares	$ 0.10
Weighted Average Remaining Contractual Term [Roll Forward]
Balance outstanding, beginning	4 years 1 month 28 days
Granted	3 years 7 months 28 days
Exercised	3 years 4 months 2 days
Balance outstanding, ending	4 years 11 days
Exercisable, ending	4 years 11 days

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - USD ($)	Jun. 06, 2016	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2016	Jan. 19, 2016
Equity method investments		$ 4,972,699		$ 4,889,515
Number of shares issued, value		1,250,000
Number of shares issued upon services, value		181,125
Proceeds from warrant exercised		1,030	$ 1,500
8% Unsecured Convertible Notes Payable [Member]
Share price (in dollars per share)	$ 2.50
Exercise price (in dollars per share)	$ 0.01
Convertible notes payable	$ 200,000			$ 200,000
Accrued interest	$ 5,918
Number of shares converted	102,959
Common Stock [Member]
Number of shares issued		250,000
Number of shares issued, value		$ 250
Number of shares issued upon services		103,650
Number of shares issued upon services, value		$ 103
Warrant [Member]
Number of shares issued		200,000
Warrant [Member] | 8% Unsecured Convertible Notes Payable [Member]
Number of shares issued		200,000
Exercise price (in dollars per share)		$ 0.01
Aggregate relative fair value		$ 99,915
Warrant [Member] | 8% Unsecured Convertible Notes Payable [Member]
Exercise price (in dollars per share)		$ 0.01
Number of warrants exercised		102,960
Convertible notes payable	$ 200,000
Accrued interest	5,918
Proceeds from warrant exercised		$ 1,030
Aggregate relative fair value	$ 256,411
Consultants [Member] | Common Stock [Member]
Number of shares issued upon services		103,650
Number of shares issued upon services, value		$ 181,125
Consultants [Member] | Common Stock [Member] | Minimum [Member]
Share price (in dollars per share)		$ 1
Consultants [Member] | Common Stock [Member] | Maximum [Member]
Share price (in dollars per share)		$ 2.50
Trinad Capital Master Fund [Member] | Warrant [Member]
Number of shares issued		1,676,377
Share price (in dollars per share)		$ .01
Number of shares issued, value		$ 1,661,114
Securities Purchase Agreements [Member] | Accredited Investors [Member]
Number of units issued		250,000
Number of units issued, value		$ 1,250,000
Share price (in dollars per unit)		$ 5
Securities Purchase Agreements [Member] | Accredited Investors [Member] | Common Stock [Member]
Number of shares in each unit		1
Securities Purchase Agreements [Member] | Accredited Investors [Member] | Warrant [Member]
Number of shares in each unit		1
Exercise price (in dollars per share)		$ 0.01
Expiration period		3 years

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)	Jun. 30, 2016USD ($)
Subsequent Event [Member] | 8% Second Senior Promissory Note [Member] | Trinad Capital Master Fund [Member]
Advance from related party	$ 175,000