Cover
Cover - shares | 9 Months Ended | |
Dec. 31, 2022 | Feb. 14, 2023 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Dec. 31, 2022 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2022 | |
Current Fiscal Year End Date | --03-31 | |
Entity File Number | 000-56060 | |
Entity Registrant Name | BlueOne Card, Inc | |
Entity Central Index Key | 0001496690 | |
Entity Tax Identification Number | 26-0478989 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 4695 MacArthur Court | |
Entity Address, Address Line Two | Suite 1100 | |
Entity Address, City or Town | Newport Beach | |
Entity Address, State or Province | CA | |
Entity Address, Postal Zip Code | 92660 | |
City Area Code | (800) | |
Local Phone Number | 210-9755 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity common stock, shares outstanding | 10,336,004 |
Condensed Balance Sheets (Unaud
Condensed Balance Sheets (Unaudited) - USD ($) | Dec. 31, 2022 | Mar. 31, 2022 |
Current Assets | ||
Cash | $ 126,785 | $ 41,318 |
Prepaid deposits | 294,206 | 270,506 |
Total Current Assets | 420,991 | 311,824 |
Property and equipment, net | 53,771 | 135,285 |
Right-of-use asset | 53,116 | |
Total Assets | 527,879 | 447,109 |
Current Liabilities | ||
Accounts payable and accrued liabilities | 43,068 | 39,098 |
Related party payables | 384,029 | 240,012 |
Customer deposits | 20,000 | 20,000 |
Loan payable, current portion | 12,699 | |
Lease liability - current maturity | 16,376 | |
Total Current Liabilities | 463,473 | 311,809 |
Loan payable, non-current portion | 43,759 | |
Lease liability - net of current maturity | 29,901 | |
Total Liabilities | 493,374 | 355,568 |
Commitments and Contingencies | ||
Stockholders’ Equity (Deficit) | ||
Preferred stock, $0.001 par value; 25,000,000 shares authorized, 292,000 shares issued and outstanding at December 31, 2022 and March 31, 2022, respectively | 292 | 292 |
Common stock, $0.001 par value; 500,000,000 shares authorized, 10,336,004 and 9,979,575 shares issued and outstanding at December 31, 2022 and March 31, 2022, respectively | 10,336 | 9,980 |
Additional paid in capital | 1,843,226 | 1,221,082 |
Accumulated deficit | (1,819,348) | (1,139,813) |
Total Stockholders’ Equity (Deficit) | 34,506 | 91,541 |
Total Liabilities and Stockholders’ Equity | $ 527,879 | $ 447,109 |
Condensed Balance Sheets (Una_2
Condensed Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Dec. 31, 2022 | Mar. 31, 2022 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 25,000,000 | 25,000,000 |
Preferred stock, shares issued | 292,000 | 292,000 |
Preferred stock, shares outstanding | 292,000 | 292,000 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, shares issued | 10,336,004 | 9,979,575 |
Common stock, shares outstanding | 10,336,004 | 9,979,575 |
Condensed Statements of Operati
Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Income Statement [Abstract] | ||||
Revenues | $ 52,450 | $ 72,200 | ||
Cost of sales | 42,450 | 54,778 | ||
Gross Profit | 10,000 | 17,422 | ||
Operating Expenses | ||||
Legal and filing fees | 2,859 | 1,622 | 24,634 | 10,080 |
Rent | 26,430 | 18,337 | 73,168 | 53,011 |
General and administrative | 102,896 | 124,077 | 578,223 | 348,327 |
Total Operating Expenses | 132,185 | 144,036 | 676,025 | 411,418 |
Loss from Operations | (132,185) | (134,036) | (676,025) | (393,996) |
Other Income (Expense) | ||||
Interest expense | (920) | (829) | (3,510) | (1,987) |
Total Other Income (Expense) | (920) | (829) | (3,510) | (1,987) |
Loss before Income Taxes | (133,105) | (134,865) | (679,535) | (395,983) |
Provision for Income Tax | ||||
Net Loss | $ (133,105) | $ (134,865) | $ (679,535) | $ (395,983) |
Basic and Diluted Net Loss Per Share | $ (0.01) | $ (0.01) | $ (0.07) | $ (0.04) |
Weighted Average Number of Shares Outstanding - Basic and Diluted | 10,329,172 | 9,952,075 | 10,279,092 | 9,923,559 |
Condensed Statements of Stockho
Condensed Statements of Stockholders' Equity (Deficit) (Unaudited) - USD ($) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance at Mar. 31, 2021 | $ 292 | $ 9,890 | $ 1,042,172 | $ (608,986) | $ 443,368 |
Beginning balance, shares at Mar. 31, 2021 | 292,000 | 9,890,075 | |||
Sale of common stock | $ 62 | 123,938 | 124,000 | ||
Sale of common stock, shares | 62,000 | ||||
Net loss | (395,983) | (395,983) | |||
Ending balance at Dec. 31, 2021 | $ 292 | $ 9,952 | 1,166,110 | (1,004,969) | 171,385 |
Ending balance, shares at Dec. 31, 2021 | 292,000 | 9,952,075 | |||
Beginning balance at Sep. 30, 2021 | $ 292 | $ 9,952 | 1,166,110 | (870,104) | 306,250 |
Beginning balance, shares at Sep. 30, 2021 | 292,000 | 9,952,075 | |||
Net loss | (134,865) | (134,865) | |||
Ending balance at Dec. 31, 2021 | $ 292 | $ 9,952 | 1,166,110 | (1,004,969) | 171,385 |
Ending balance, shares at Dec. 31, 2021 | 292,000 | 9,952,075 | |||
Beginning balance at Mar. 31, 2022 | $ 292 | $ 9,980 | 1,221,082 | (1,139,813) | 91,541 |
Beginning balance, shares at Mar. 31, 2022 | 292,000 | 9,979,575 | |||
Sale of common stock | $ 106 | 372,394 | 372,500 | ||
Sale of common stock, shares | 106,429 | ||||
Net loss | (679,535) | (679,535) | |||
Issuance of common stock for services | $ 250 | 249,750 | 250,000 | ||
Issuance of common stock for services, shares | 250,000 | ||||
Ending balance at Dec. 31, 2022 | $ 292 | $ 10,336 | 1,843,226 | (1,819,348) | 34,506 |
Ending balance, shares at Dec. 31, 2022 | 292,000 | 10,336,004 | |||
Beginning balance at Sep. 30, 2022 | $ 292 | $ 10,279 | 1,643,283 | (1,686,243) | (32,389) |
Beginning balance, shares at Sep. 30, 2022 | 292,000 | 10,278,861 | |||
Sale of common stock | $ 57 | 199,943 | 200,000 | ||
Sale of common stock, shares | 57,143 | ||||
Net loss | (133,105) | (133,105) | |||
Ending balance at Dec. 31, 2022 | $ 292 | $ 10,336 | $ 1,843,226 | $ (1,819,348) | $ 34,506 |
Ending balance, shares at Dec. 31, 2022 | 292,000 | 10,336,004 |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Cash Flows From Operating Activities: | ||
Net loss | $ (679,535) | $ (395,983) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation | 25,986 | 31,577 |
Amortization of right-of-use asset | 12,127 | |
Loss on sale of vehicle | 2,034 | |
Stock compensation expense | 250,000 | |
Changes in operating assets and liabilities: | ||
(Increase) in prepaid deposits | (23,700) | (31,534) |
Increase in accrued liabilities | 4,130 | 12,777 |
Increase in related party payables | 144,017 | 93,864 |
(Decrease) in right-of-use asset | (18,966) | |
Net Cash Used In Operating Activities | (283,907) | (289,299) |
Cash Flows From Investing Activities: | ||
Cash paid for purchase of property and equipment | ||
Net Cash Used In Investing Activities | ||
Cash Flows From Financing Activities: | ||
Cash proceeds from sale of common stock | 372,500 | 124,000 |
Cash paid for loan payable | (3,126) | (8,076) |
Net Cash Provided By Financing Activities | 369,374 | 115,924 |
Net Increase (Decrease) in Cash | 85,467 | (173,375) |
Cash - Beginning of the Period | 41,318 | 340,502 |
Cash - End of the Period | 126,785 | 167,127 |
Supplemental Disclosures of Cash Flows | ||
Cash paid for interest | 3,510 | 1,745 |
Cash paid for income taxes | ||
Supplemental Disclosures of Non-Cash Investing and Financing Activities | ||
Sale of vehicle | 50,246 | |
Repayment of loan payable | 50,246 | |
Present value of lease liability | $ 46,277 |
NATURE OF OPERATIONS, BASIS OF
NATURE OF OPERATIONS, BASIS OF PRESENTATION AND GOING CONCERN | 9 Months Ended |
Dec. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NATURE OF OPERATIONS, BASIS OF PRESENTATION AND GOING CONCERN | NOTE 1 – NATURE OF OPERATIONS, BASIS OF PRESENTATION AND GOING CONCERN General The unaudited condensed financial statements of BlueOne Card, Inc. (“BlueOne” or the “Company”) as of December 31, 2022 and for the nine months ended December 31, 2022 and 2021 should be read in conjunction with the financial statements for the years ended March 31, 2022 and 2021, respectively. BlueOne (formerly known as Avenue South Ltd., TBSS International, Inc., or Manneking Inc.), was incorporated on July 6, 2007 under the laws of the state of Nevada. The Company started its business as a retailer and importer of domestic home furnishings from Hong Kong. The Company was engaged in gold mining and drilling and general construction, and changed its name to TBSS International on September 30, 2011. On April 26, 2019, Corporate Compliance, LLC filed a re-application for custodianship pursuant to Nevada Revised Statutes NRS 78.347. The Eighth Judicial District Court of Clark County, Nevada, granted custodianship over TBSS International, Inc. to Corporate Compliance, LLC. On October 15, 2019, the Company changed its name to Manneking Inc., and then to BlueCard One, Inc. on June 30, 2020. Risk and Uncertainty Concerning COVID-19 Pandemic In March 2020, the World Health Organization declared the outbreak of a novel coronavirus (COVID-19) as a pandemic which continues to spread throughout the United States and the World. We are currently monitoring the outbreak of COVID-19 and the related business and travel restrictions and changes to behavior intended to reduce its spread. If the coronavirus continues to progress, it could have a material negative impact on our results of operations and cash flow, in addition to the impact on its employees. We have concluded that while it is reasonably possible that the virus could have a negative impact on the results of operations, the specific impact is not readily determinable as of the date of these financial statements. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. Basis of Presentation The interim unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”), and include the accounts of the Company. For purposes of comparability, certain prior period amounts have been reclassified to conform to the current period presentation. Going Concern The Company demonstrates adverse conditions that raise substantial doubt about the Company’s ability to continue as a going concern. The Company has generated minimal revenues since its formation and has suffered operating losses since July 6, 2007 (Inception Date) to date and allow it to continue as a going concern. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary financing to continue operations, and the attainment of profitable operations. The Company incurred a net loss of $ 679,535 283,907 1,819,348 |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates The preparation of condensed financial statements in conformity with GAAP 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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the valuation of its assets, accounts payable, accrued liabilities and payable to related party. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. Cash and Cash Equivalents The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. The Company did no Inventory Inventory is valued at the lower of cost or net realizable value using the first-in, first-out method. The reported net value of inventory includes saleable prepaid debit cards that will be sold or used in future periods. The Company reserves for obsolete and slow-moving inventory. At December 31, 2022 and March 31, 2022, there were no Property and Equipment Property and equipment are recorded at cost, less accumulated depreciation. The Company provides for depreciation on a straight-line basis over the estimated useful lives of the assets which range from three five years Long-lived Assets In accordance with Accounting Standards Codification (“ASC”) ASC 360, “ Property, Plant, and Equipment No Earnings (Loss) Per Common Share The Company computes earnings (loss) per share in accordance with ASC 260, “ Earnings per Share” SCHEDULE OF EARNING PER SHARE 2022 2021 2022 2021 For the Three Months Ended December 31, For the Nine Months Ended December 31, 2022 2021 2022 2021 Net loss computation of basic and diluted net loss per common share: Net loss attributable to common stockholders $ (133,105 ) $ (134,865 ) $ (679,535 ) $ (395,983 ) Basic and diluted net loss per share: Basic and diluted net loss per common share $ (0.01 ) $ (0.01 ) $ (0.07 ) $ (0.04 ) Basic and diluted weighted average common shares outstanding 10,329,172 9,952,075 10,279,092 9,923,559 Potential dilutive securities that are not included in the calculations of diluted net loss per share because their effect is anti-dilutive, are as follows as of December 31, 2022 SCHEDULE OF ANTI-DILUTIVE SECURITIES OF EARNING PER SHARE December 31, 2022 March 31, 2022 Preferred stock 292,000,000 292,000,000 Total anti-dilutive weighted average shares 292,000,000 292,000,000 Leases The Company has operating leases for its offices. Management determines if an arrangement is a lease at inception of the contract and whether a contract is or contains a lease by determining whether it conveys the right to control the use of the identified asset for a period of time. If the contract provides the Company the right to substantially all of the economic benefits from the use of the identified asset and the right to direct the use of the identified asset, the Company consider it to be, or contain, a lease. The Company accounts for its leases under ASC 842, Leases. In calculating the right of use asset and lease liability, the Company elects to combine lease and non-lease components as permitted under ASC 842. The Company excludes short-term leases having initial terms of 12 months or less from the new guidance as an accounting policy election and recognizes rent expense on a straight-line basis over the lease term. Fair value of Financial Instruments and Fair Value Measurements ASC 820, “ Fair Value Measurements and Disclosures”, Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability. Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The Company’s financial instruments consist principally of prepaid deposits, accrued liabilities and customer deposits. The Company believes that the recorded values of all the financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. Revenue Recognition The Company recognizes revenues when the product is delivered to the customer, and the ownership/control is transferred. The Company’s revenue recognition policy is based on the revenue recognition criteria established under the Financial Accounting Standards Board – Accounting Standards Codification 606 “Revenue From Contracts With Customers Stock-based Compensation The Company accounts for equity-based transactions with non-employees under the provisions of ASC Topic No. 505-50, “ Equity-Based Payments to Non-Employees” The Company accounts for employee stock-based compensation in accordance with the guidance of ASC Topic 718, “ Compensation—Stock Compensation”. Income Taxes The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “ Income Taxes” The Company follows the provisions of ASC 740-10, “ Accounting for Uncertain Income Tax Positions more than 50 percent Recent Accounting Pronouncements In March 2020, the FASB issued Accounting Standards Update (“ASU”) 2020-04, “ Facilitation of the Effects of Reference Rate Reform on Financial Reporting |
PREPAID DEPOSITS
PREPAID DEPOSITS | 9 Months Ended |
Dec. 31, 2022 | |
Prepaid Deposits | |
PREPAID DEPOSITS | NOTE 3 – PREPAID DEPOSITS Prepaid deposits consisted of the following: SCHEDULE OF PREPAID DEPOSITS December 31, 2022 March 31, 2022 Prepaid rent deposit $ 6,759 $ 6,759 Prepaid cards inventory 77,900 77,900 Prepaid Business Identification Number 209,547 180,847 Other - 5,000 Total $ 294,206 $ 270,506 |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 9 Months Ended |
Dec. 31, 2022 | |
Property, Plant and Equipment [Abstract] | |
PROPERTY AND EQUIPMENT | NOTE 4 – PROPERTY AND EQUIPMENT Property and equipment, stated at cost, consisted of the following: SCHEDULE OF PROPERTY AND EQUIPMENT Estimated Life December 31, 2022 March 31, 2022 Furniture and Fixtures 5 years $ 120,519 $ 120,519 Office equipment 3 years 5,500 5,500 Vehicles 5 years - 97,991 Property and equipment, gross 126,019 224,010 Less: Accumulated depreciation (72,248 ) (88,725 ) Total $ 53,771 $ 135,285 Depreciation expense amounted to $ 6,484 25,986 10,526 31,577 |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
Dec. 31, 2022 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 5 – RELATED PARTY TRANSACTIONS The Company’s Chief Executive Officer (“CEO”), from time to time, has provided advances to the Company for its working capital purposes. The CEO had advanced funds to the Company totaling $ 48,654 32,512 On December 1, 2020, the Company entered into an employment agreement with its CEO for a three-year term, for an annual compensation of $ 150,000 10 1,000,000 1,000 45,375 127,875 41,250 116,250 335,375 207,500 The Company has recorded a total payable to the CEO of $ 384,029 240,012 |
LOAN PAYABLE
LOAN PAYABLE | 9 Months Ended |
Dec. 31, 2022 | |
Debt Disclosure [Abstract] | |
LOAN PAYABLE | NOTE 6 – LOAN PAYABLE On June 16, 2020, the Company entered into a financing arrangement to purchase a vehicle, and obtained a loan of $ 78,491 72 3.99 1,228 53,494 42,463 55,528 2,034 SCHEDULE OF LOAN PAYABLE December 31, 2022 March 31, 2022 Loan payable $ - $ 56,458 Less: Current portion - (12,699 ) Loan Payable - Non-current portion $ - $ 43,759 The Company recorded interest expense on the loan of $ 525 1,083 613 1,944 The Company uses its credit cards to make purchases in the normal course of business. The Company recorded $ 920 3,510 0 2 |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 9 Months Ended |
Dec. 31, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 7 – COMMITMENTS AND CONTINGENCIES Vehicle On July 12, 2022, the Company executed a non-cancellable operating lease for a vehicle with the lease commencing on July 12, 2022 for a three-year term. The Company paid $ 10,000 1,793 8,207 6,063 12,127 July 11, 2025 Supplemental balance sheet information related to the lease is as follows as of December 31, 2022: SCHEDULE OF OTHER SUPPLEMENTAL INFORMATION UNDER OPERATING LEASE Operating Lease Right-of-use asset, net $ 53,116 Current lease liabilities $ 16,873 Non-current lease liabilities 29,405 Total operating lease liabilities $ 46,277 Weighted average remaining lease term (years) 2.5 Weighted average discount rate per annum 12 % As the lease do not provide an implicit rate, the Company used an incremental borrowing rate based on the information available at the lease commencement date in determining the present value of the lease payment, which is reflective of the specific term of the lease. Anticipated future costs are as follows: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER OPERATING LEASES For the years ending Vehicle Lease March 31, 2023 (remaining) $ 5,379 March 31, 2024 21,518 March 31, 2025 21,518 March 31, 2026 5,379 Total lease payments 53,795 Less: imputed interest (7,517 ) Present value of lease liabilities $ 46,277 Office Leases On August 27, 2020, the Company formally executed a month-to-month cancellable operating lease for leasing office space in an executive suite, commencing on September 1, 2020 for $ 259 259 279 289 867 2,541 837 2,511 On October 26, 2020, the Company executed a non-cancellable operating lease agreement for its principal office for a monthly rent of $ 5,500 5,500 6,500 19,500 58,500 17,500 50,500 The Company has recorded total rent expense of $ 26,430 73,168 18,337 53,011 Legal Costs and Contingencies In the normal course of business, the Company incurs costs to hire and retain external legal counsel to advise it on regulatory, litigation and other matters. The Company expenses these costs as the related services are received. If a loss is considered probable and the amount can be reasonable estimated, the Company recognizes an expense for the estimated loss. If the Company has the potential to recover a portion of the estimated loss from a third party, the Company makes a separate assessment of recoverability and reduces the estimated loss if recovery is also deemed probable. The Company was not aware of any loss contingencies as of December 31, 2022 and March 31, 2022, respectively. |
STOCKHOLDERS_ EQUITY
STOCKHOLDERS’ EQUITY | 9 Months Ended |
Dec. 31, 2022 | |
Equity [Abstract] | |
STOCKHOLDERS’ EQUITY | NOTE 8 – STOCKHOLDERS’ EQUITY The Company’s capitalization at December 31, 2022 and March 31, 2022 was 500,000,000 0.001 25,000,000 0.001 On October 15, 2019 and June 30, 2020, the Company effectuated reverse stock splits (the “Reverse Splits”) of its issued and outstanding common stock. As a result of the Reverse Splits, each 100 shares of common stock issued and outstanding prior to the Reverse Splits were converted into one (1) common stock Common Stock On April 6, 2022, the Company entered into consulting agreements with two business advisors for providing business advisory and consulting services for a period of six months. The Company issued 250,000 250,000 Due to lack of marketability and trading volume of shares, the Company agreed to offer a 50% discount on the last sale price of the common stock at $2 per share From April 20, 2022 to December 31, 2022, the Company sold 106,429 372,500 10,336,004 9,979,575 Preferred Stock The Board of Directors, without further approval of its stockholders, is authorized to fix the dividend rights and terms, conversion rights, voting rights, redemption rights, liquidation preferences and other rights and restrictions relating to any series. Issuances of shares of preferred stock, while providing flexibility in connection with possible financings, acquisitions and other corporate purposes, could, among other things, adversely affect the voting power of the holders of our Common Stock and other series of Preferred Stock then outstanding. Series A Preferred Stock There are 1,000,000 292,000 Liquidation Preference In the event of any liquidation, dissolution or winding up of the Company, either voluntary or involuntary, after setting apart or paying in full the preferential amounts due to Holders of senior capital stock, if any, the Holders of Series A Preferred Stock and parity capital stock, if any, shall be entitled to receive, prior and in preference to any distribution of any of the assets or surplus funds of the Company to the Holders of junior capital stock, including Common Stock, an amount equal to $ 0.001 Stock Splits, Dividends and Distributions If the Company, at any time while any Series A Convertible Preferred Stock is outstanding, (a) shall pay a stock dividend or otherwise make a distribution or distributions on shares of its Common Stock payable in shares of its capital stock (whether payable in shares of its Common Stock or of capital stock of any class), (b) subdivide outstanding shares of Common Stock into a larger number of shares, (c) combine outstanding shares of Common Stock into a smaller number of shares. Or (d) issue reclassification of shares of Common Stock for any shares of capital stock of the Company, the conversion ratio, as defined, shall be adjusted by multiplying the number of shares of Common Stock issuable by a fraction of which the numerator shall be the number of shares of Common Stock of the Company outstanding after such event and of which the denominator shall be the number of shares of Common Stock outstanding before such event. Any adjustment made pursuant to this paragraph €(iii) shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or reclassification. Conversion Rights Each share of Series A Preferred Stock is convertible, at the option of the holder, into 1,000 shares of Common Stock. Voting Rights The holders of shares of Series A Convertible Preferred Stock shall be entitled to vote on any and all matters considered and voted upon by the Company’s Common Stock. The holders of the Series A Convertible Preferred Stock shall be entitled to 1,000 (one thousand) votes per share of Common Stock As a result of all preferred stock issuances, the total issued and outstanding shares of preferred stock were 292,000 shares as of December 31, 2022 and March 31, 2022, respectively. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Use of Estimates | Use of Estimates The preparation of condensed financial statements in conformity with GAAP 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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the valuation of its assets, accounts payable, accrued liabilities and payable to related party. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. The Company did no |
Inventory | Inventory Inventory is valued at the lower of cost or net realizable value using the first-in, first-out method. The reported net value of inventory includes saleable prepaid debit cards that will be sold or used in future periods. The Company reserves for obsolete and slow-moving inventory. At December 31, 2022 and March 31, 2022, there were no |
Property and Equipment | Property and Equipment Property and equipment are recorded at cost, less accumulated depreciation. The Company provides for depreciation on a straight-line basis over the estimated useful lives of the assets which range from three five years |
Long-lived Assets | Long-lived Assets In accordance with Accounting Standards Codification (“ASC”) ASC 360, “ Property, Plant, and Equipment No |
Earnings (Loss) Per Common Share | Earnings (Loss) Per Common Share The Company computes earnings (loss) per share in accordance with ASC 260, “ Earnings per Share” SCHEDULE OF EARNING PER SHARE 2022 2021 2022 2021 For the Three Months Ended December 31, For the Nine Months Ended December 31, 2022 2021 2022 2021 Net loss computation of basic and diluted net loss per common share: Net loss attributable to common stockholders $ (133,105 ) $ (134,865 ) $ (679,535 ) $ (395,983 ) Basic and diluted net loss per share: Basic and diluted net loss per common share $ (0.01 ) $ (0.01 ) $ (0.07 ) $ (0.04 ) Basic and diluted weighted average common shares outstanding 10,329,172 9,952,075 10,279,092 9,923,559 Potential dilutive securities that are not included in the calculations of diluted net loss per share because their effect is anti-dilutive, are as follows as of December 31, 2022 SCHEDULE OF ANTI-DILUTIVE SECURITIES OF EARNING PER SHARE December 31, 2022 March 31, 2022 Preferred stock 292,000,000 292,000,000 Total anti-dilutive weighted average shares 292,000,000 292,000,000 |
Leases | Leases The Company has operating leases for its offices. Management determines if an arrangement is a lease at inception of the contract and whether a contract is or contains a lease by determining whether it conveys the right to control the use of the identified asset for a period of time. If the contract provides the Company the right to substantially all of the economic benefits from the use of the identified asset and the right to direct the use of the identified asset, the Company consider it to be, or contain, a lease. The Company accounts for its leases under ASC 842, Leases. In calculating the right of use asset and lease liability, the Company elects to combine lease and non-lease components as permitted under ASC 842. The Company excludes short-term leases having initial terms of 12 months or less from the new guidance as an accounting policy election and recognizes rent expense on a straight-line basis over the lease term. |
Fair value of Financial Instruments and Fair Value Measurements | Fair value of Financial Instruments and Fair Value Measurements ASC 820, “ Fair Value Measurements and Disclosures”, Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability. Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The Company’s financial instruments consist principally of prepaid deposits, accrued liabilities and customer deposits. The Company believes that the recorded values of all the financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. |
Revenue Recognition | Revenue Recognition The Company recognizes revenues when the product is delivered to the customer, and the ownership/control is transferred. The Company’s revenue recognition policy is based on the revenue recognition criteria established under the Financial Accounting Standards Board – Accounting Standards Codification 606 “Revenue From Contracts With Customers |
Stock-based Compensation | Stock-based Compensation The Company accounts for equity-based transactions with non-employees under the provisions of ASC Topic No. 505-50, “ Equity-Based Payments to Non-Employees” The Company accounts for employee stock-based compensation in accordance with the guidance of ASC Topic 718, “ Compensation—Stock Compensation”. |
Income Taxes | Income Taxes The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “ Income Taxes” The Company follows the provisions of ASC 740-10, “ Accounting for Uncertain Income Tax Positions more than 50 percent |
Recent Accounting Pronouncements | Recent Accounting Pronouncements In March 2020, the FASB issued Accounting Standards Update (“ASU”) 2020-04, “ Facilitation of the Effects of Reference Rate Reform on Financial Reporting |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
SCHEDULE OF EARNING PER SHARE | SCHEDULE OF EARNING PER SHARE 2022 2021 2022 2021 For the Three Months Ended December 31, For the Nine Months Ended December 31, 2022 2021 2022 2021 Net loss computation of basic and diluted net loss per common share: Net loss attributable to common stockholders $ (133,105 ) $ (134,865 ) $ (679,535 ) $ (395,983 ) Basic and diluted net loss per share: Basic and diluted net loss per common share $ (0.01 ) $ (0.01 ) $ (0.07 ) $ (0.04 ) Basic and diluted weighted average common shares outstanding 10,329,172 9,952,075 10,279,092 9,923,559 |
SCHEDULE OF ANTI-DILUTIVE SECURITIES OF EARNING PER SHARE | Potential dilutive securities that are not included in the calculations of diluted net loss per share because their effect is anti-dilutive, are as follows as of December 31, 2022 SCHEDULE OF ANTI-DILUTIVE SECURITIES OF EARNING PER SHARE December 31, 2022 March 31, 2022 Preferred stock 292,000,000 292,000,000 Total anti-dilutive weighted average shares 292,000,000 292,000,000 |
PREPAID DEPOSITS (Tables)
PREPAID DEPOSITS (Tables) | 9 Months Ended |
Dec. 31, 2022 | |
Prepaid Deposits | |
SCHEDULE OF PREPAID DEPOSITS | Prepaid deposits consisted of the following: SCHEDULE OF PREPAID DEPOSITS December 31, 2022 March 31, 2022 Prepaid rent deposit $ 6,759 $ 6,759 Prepaid cards inventory 77,900 77,900 Prepaid Business Identification Number 209,547 180,847 Other - 5,000 Total $ 294,206 $ 270,506 |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 9 Months Ended |
Dec. 31, 2022 | |
Property, Plant and Equipment [Abstract] | |
SCHEDULE OF PROPERTY AND EQUIPMENT | Property and equipment, stated at cost, consisted of the following: SCHEDULE OF PROPERTY AND EQUIPMENT Estimated Life December 31, 2022 March 31, 2022 Furniture and Fixtures 5 years $ 120,519 $ 120,519 Office equipment 3 years 5,500 5,500 Vehicles 5 years - 97,991 Property and equipment, gross 126,019 224,010 Less: Accumulated depreciation (72,248 ) (88,725 ) Total $ 53,771 $ 135,285 |
LOAN PAYABLE (Tables)
LOAN PAYABLE (Tables) | 9 Months Ended |
Dec. 31, 2022 | |
Debt Disclosure [Abstract] | |
SCHEDULE OF LOAN PAYABLE | SCHEDULE OF LOAN PAYABLE December 31, 2022 March 31, 2022 Loan payable $ - $ 56,458 Less: Current portion - (12,699 ) Loan Payable - Non-current portion $ - $ 43,759 |
COMMITMENTS AND CONTINGENCIES (
COMMITMENTS AND CONTINGENCIES (Tables) | 9 Months Ended |
Dec. 31, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
SCHEDULE OF OTHER SUPPLEMENTAL INFORMATION UNDER OPERATING LEASE | Supplemental balance sheet information related to the lease is as follows as of December 31, 2022: SCHEDULE OF OTHER SUPPLEMENTAL INFORMATION UNDER OPERATING LEASE Operating Lease Right-of-use asset, net $ 53,116 Current lease liabilities $ 16,873 Non-current lease liabilities 29,405 Total operating lease liabilities $ 46,277 Weighted average remaining lease term (years) 2.5 Weighted average discount rate per annum 12 % |
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER OPERATING LEASES | Anticipated future costs are as follows: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER OPERATING LEASES For the years ending Vehicle Lease March 31, 2023 (remaining) $ 5,379 March 31, 2024 21,518 March 31, 2025 21,518 March 31, 2026 5,379 Total lease payments 53,795 Less: imputed interest (7,517 ) Present value of lease liabilities $ 46,277 |
NATURE OF OPERATIONS, BASIS O_2
NATURE OF OPERATIONS, BASIS OF PRESENTATION AND GOING CONCERN (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Mar. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||
Netincome loss | $ 133,105 | $ 134,865 | $ 679,535 | $ 395,983 | |
Net cash provided by (used in) operating activities | 283,907 | $ 289,299 | |||
Accumulated deficit | $ 1,819,348 | $ 1,819,348 | $ 1,139,813 |
SCHEDULE OF EARNING PER SHARE (
SCHEDULE OF EARNING PER SHARE (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Accounting Policies [Abstract] | ||||
Net loss attributable to common stockholders | $ (133,105) | $ (134,865) | $ (679,535) | $ (395,983) |
Basic and diluted net loss per common share | $ (0.01) | $ (0.01) | $ (0.07) | $ (0.04) |
Basic and diluted weighted average common shares outstanding | 10,329,172 | 9,952,075 | 10,279,092 | 9,923,559 |
SCHEDULE OF ANTI-DILUTIVE SECUR
SCHEDULE OF ANTI-DILUTIVE SECURITIES OF EARNING PER SHARE (Details) - shares | 9 Months Ended | 12 Months Ended |
Dec. 31, 2022 | Mar. 31, 2022 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Total anti-dilutive weighted average shares | 292,000,000 | 292,000,000 |
Preferred Stock [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Total anti-dilutive weighted average shares | 292,000,000 | 292,000,000 |
SUMMARY OF SIGNIFICANT ACCOUN_4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Mar. 31, 2022 | |
Property, Plant and Equipment [Line Items] | |||||
Cash | $ 0 | $ 0 | $ 0 | ||
Inventory valuation reserves | 0 | 0 | $ 0 | ||
Impairment loss of long lived assets | $ 0 | $ 0 | $ 0 | $ 0 | |
Income tax benefit likely, description | more than 50 percent | ||||
Minimum [Member] | |||||
Property, Plant and Equipment [Line Items] | |||||
Estimated useful lives | 3 years | ||||
Maximum [Member] | |||||
Property, Plant and Equipment [Line Items] | |||||
Estimated useful lives | 5 years |
SCHEDULE OF PREPAID DEPOSITS (D
SCHEDULE OF PREPAID DEPOSITS (Details) - USD ($) | Dec. 31, 2022 | Mar. 31, 2022 |
Prepaid Deposits | ||
Prepaid rent deposit | $ 6,759 | $ 6,759 |
Prepaid cards inventory | 77,900 | 77,900 |
Prepaid Business Identification Number | 209,547 | 180,847 |
Other | 5,000 | |
Total | $ 294,206 | $ 270,506 |
SCHEDULE OF PROPERTY AND EQUIPM
SCHEDULE OF PROPERTY AND EQUIPMENT (Details) - USD ($) | 9 Months Ended | ||
Dec. 31, 2022 | Jul. 15, 2022 | Mar. 31, 2022 | |
Property, Plant and Equipment [Line Items] | |||
Property and equipment, gross | $ 126,019 | $ 224,010 | |
Less: Accumulated depreciation | (72,248) | (88,725) | |
Total | $ 53,771 | 135,285 | |
Furniture and Fixtures [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property and equipment, estimated useful lives | 5 years | ||
Property and equipment, gross | $ 120,519 | 120,519 | |
Office Equipment [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property and equipment, estimated useful lives | 3 years | ||
Property and equipment, gross | $ 5,500 | 5,500 | |
Vehicles [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property and equipment, estimated useful lives | 5 years | ||
Property and equipment, gross | $ 97,991 | ||
Total | $ 55,528 |
PROPERTY AND EQUIPMENT (Details
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Property, Plant and Equipment [Abstract] | ||||
Depreciation | $ 6,484 | $ 10,526 | $ 25,986 | $ 31,577 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | |||||||
Dec. 22, 2020 | Dec. 01, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Sep. 30, 2022 | Jul. 18, 2022 | Mar. 31, 2022 | |
Related Party Transaction [Line Items] | |||||||||
Loans Payable | $ 56,458 | ||||||||
Sale of common stock | 200,000 | 372,500 | $ 124,000 | ||||||
Compensation expenses | $ 45,375 | $ 41,250 | $ 127,875 | $ 116,250 | |||||
Due to related parties | $ 53,494 | ||||||||
Common Stock [Member] | |||||||||
Related Party Transaction [Line Items] | |||||||||
Sale of common stock, shares | 57,143 | 106,429 | 62,000 | ||||||
Sale of common stock | $ 57 | $ 106 | $ 62 | ||||||
Chief Executive Officer [Member] | |||||||||
Related Party Transaction [Line Items] | |||||||||
Loans Payable | 48,654 | 48,654 | 32,512 | ||||||
Compensation payable | $ 335,375 | $ 335,375 | 207,500 | ||||||
Due to related parties | $ 384,029 | $ 240,012 | |||||||
Chief Executive Officer [Member] | Employment Agreement [Member] | |||||||||
Related Party Transaction [Line Items] | |||||||||
Employee benefits and share based compensation | $ 150,000 | ||||||||
Debt Interest rate | 10% | ||||||||
Chief Executive Officer [Member] | Employment Agreement [Member] | Common Stock [Member] | |||||||||
Related Party Transaction [Line Items] | |||||||||
Sale of common stock, shares | 1,000,000 | ||||||||
Sale of common stock | $ 1,000 |
SCHEDULE OF LOAN PAYABLE (Detai
SCHEDULE OF LOAN PAYABLE (Details) - USD ($) | Dec. 31, 2022 | Mar. 31, 2022 |
Debt Disclosure [Abstract] | ||
Loan payable | $ 56,458 | |
Less: Current portion | (12,699) | |
Loan Payable - Non-current portion | $ 43,759 |
LOAN PAYABLE (Details Narrative
LOAN PAYABLE (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | ||||||
Jun. 16, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Jul. 18, 2022 | Jul. 15, 2022 | Mar. 31, 2022 | |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||
Loans payable | $ 56,458 | |||||||
Due to related parties | $ 53,494 | |||||||
Property plant and equipment net | 53,771 | 53,771 | $ 135,285 | |||||
Loss on sale of vehicle | (2,034) | |||||||
Interest expenses | 525 | $ 613 | 1,083 | 1,944 | ||||
Interst payable charges | $ 920 | $ 0 | 3,510 | $ 2 | ||||
Vehicles [Member] | ||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||
Property, plant, and equipment accumulated depreciation | $ 42,463 | |||||||
Property plant and equipment net | $ 55,528 | |||||||
Loss on sale of vehicle | $ 2,034 | |||||||
Financing Arrangement [Member] | ||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||
Loans payable | $ 78,491 | |||||||
Debt instrument, term | 72 months | |||||||
Debt instrument, interest rate, stated percentage | 3.99% | |||||||
Debt Instrument, Periodic Payment | $ 1,228 |
SCHEDULE OF OTHER SUPPLEMENTAL
SCHEDULE OF OTHER SUPPLEMENTAL INFORMATION UNDER OPERATING LEASE (Details) - USD ($) | Dec. 31, 2022 | Mar. 31, 2022 |
Commitments and Contingencies Disclosure [Abstract] | ||
Right-of-use asset, net | $ 53,116 | |
Current lease liabilities | 16,873 | |
Non-current lease liabilities | 29,405 | |
Total operating lease liabilities | $ 46,277 | |
Weighted average remaining lease term (years) | 2 years 6 months | |
Weighted average discount rate | 12% |
SCHEDULE OF FUTURE MINIMUM LEAS
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER OPERATING LEASES (Details) | Dec. 31, 2022 USD ($) |
Commitments and Contingencies Disclosure [Abstract] | |
March 31, 2023 (remaining) | $ 5,379 |
March 31, 2024 | 21,518 |
March 31, 2025 | 21,518 |
March 31, 2026 | 5,379 |
Total lease payments | 53,795 |
Less: imputed interest | (7,517) |
Present value of lease liabilities | $ 46,277 |
COMMITMENTS AND CONTINGENCIES_2
COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | ||||||||||
Oct. 02, 2022 | Jul. 12, 2022 | Nov. 25, 2021 | Jan. 02, 2021 | Oct. 26, 2020 | Aug. 27, 2019 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Oct. 28, 2020 | Sep. 07, 2020 | |
Product Liability Contingency [Line Items] | ||||||||||||
Rent expenses | $ 26,430 | $ 18,337 | $ 73,168 | $ 53,011 | ||||||||
Operating Lease Agreement [Member] | ||||||||||||
Product Liability Contingency [Line Items] | ||||||||||||
Rent expenses | $ 6,500 | |||||||||||
Office Spacein Executive Suite [Member] | ||||||||||||
Product Liability Contingency [Line Items] | ||||||||||||
Rent expenses | $ 289 | $ 279 | $ 259 | 867 | 837 | 2,541 | 2,511 | |||||
Security deposit | $ 259 | |||||||||||
Principal Office [Member] | Operating Lease Agreement [Member] | ||||||||||||
Product Liability Contingency [Line Items] | ||||||||||||
Rent expenses | $ 5,500 | 19,500 | $ 17,500 | 58,500 | $ 50,500 | |||||||
Security deposit | $ 5,500 | |||||||||||
Vehicle [Member] | ||||||||||||
Product Liability Contingency [Line Items] | ||||||||||||
Lease payments | $ 10,000 | |||||||||||
Lease cost | $ 8,207 | |||||||||||
Rent expenses | $ 6,063 | $ 12,127 | ||||||||||
Lease expiration date | Jul. 11, 2025 | |||||||||||
Vehicle [Member] | First Month Payment [Member] | ||||||||||||
Product Liability Contingency [Line Items] | ||||||||||||
Lease payments | $ 1,793 |
STOCKHOLDERS_ EQUITY (Details N
STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($) | 8 Months Ended | 9 Months Ended | |||||
Apr. 06, 2022 | Apr. 06, 2022 | Jun. 30, 2020 | Oct. 15, 2019 | Dec. 31, 2022 | Dec. 31, 2022 | Mar. 31, 2022 | |
Subsidiary, Sale of Stock [Line Items] | |||||||
Common stock, shares authorized | 500,000,000 | 500,000,000 | 500,000,000 | ||||
Common stock, par value | $ 0.001 | $ 0.001 | $ 0.001 | ||||
Preferred stock, shares authorized | 25,000,000 | 25,000,000 | 25,000,000 | ||||
Preferred stock, par value | $ 0.001 | $ 0.001 | $ 0.001 | ||||
Stock split description | the Company effectuated reverse stock splits (the “Reverse Splits”) of its issued and outstanding common stock. As a result of the Reverse Splits, each 100 shares of common stock issued and outstanding prior to the Reverse Splits were converted into one (1) common stock | the Company effectuated reverse stock splits (the “Reverse Splits”) of its issued and outstanding common stock. As a result of the Reverse Splits, each 100 shares of common stock issued and outstanding prior to the Reverse Splits were converted into one (1) common stock | |||||
Issuance of common stock for services | $ 250,000 | ||||||
Sale of stock, description of transaction | Due to lack of marketability and trading volume of shares, the Company agreed to offer a 50% discount on the last sale price of the common stock at $2 per share | ||||||
Common stock, shares outstanding | 10,336,004 | 10,336,004 | 9,979,575 | ||||
Preferred stock, shares outstanding | 292,000 | 292,000 | 292,000 | ||||
Preferred stock, shares issued | 292,000 | 292,000 | 292,000 | ||||
Series A Preferred Stock [Member] | |||||||
Subsidiary, Sale of Stock [Line Items] | |||||||
Preferred stock, shares authorized | 1,000,000 | 1,000,000 | 1,000,000 | ||||
Preferred stock, shares outstanding | 292,000 | 292,000 | 292,000 | ||||
Preferred stock, shares issued | 292,000 | 292,000 | 292,000 | ||||
Conversion of stock, description | Each share of Series A Preferred Stock is convertible, at the option of the holder, into 1,000 shares of Common Stock. | ||||||
Series A Convertible Preferred Stock [Member] | |||||||
Subsidiary, Sale of Stock [Line Items] | |||||||
Voting rights, description | The holders of shares of Series A Convertible Preferred Stock shall be entitled to vote on any and all matters considered and voted upon by the Company’s Common Stock. The holders of the Series A Convertible Preferred Stock shall be entitled to 1,000 (one thousand) votes per share of Common Stock | ||||||
Common Stock [Member] | |||||||
Subsidiary, Sale of Stock [Line Items] | |||||||
Issuance of common stock for services, shares | 250,000 | ||||||
Issuance of common stock for services | $ 250 | ||||||
Common stock, shares outstanding | 10,336,004 | 10,336,004 | 9,979,575 | ||||
Consultants [Member] | |||||||
Subsidiary, Sale of Stock [Line Items] | |||||||
Issuance of common stock for services, shares | 250,000 | ||||||
Issuance of common stock for services | $ 250,000 | ||||||
Investors [Member] | |||||||
Subsidiary, Sale of Stock [Line Items] | |||||||
Proceeds from issuance of private placement | $ 372,500 | ||||||
Investors [Member] | Private Placement [Member] | |||||||
Subsidiary, Sale of Stock [Line Items] | |||||||
Sale of stock, shares issued | 106,429 |