Equity Transactions | The Company has 2,000,000,000 common shares authorized with a par value of $ 0.001 per share. The Company has 10,000,000 preferred shares authorized with a par value of $ 0.001 per share. The following is a summary of the inputs used to determine the value of the warrants issued in connection with common stock using the Black-Scholes option pricing model. Date March 30, 2017 Warrants 9,200,000 Stock price on grant date $0.002 Exercise price $0.002 Expected life 5 year Volatility 120% Risk-free rate 1.96% Calculated value $15,278 Fair value allocation of proceeds $45,466 The following is a summary of the warrant activity for the period March 31, 2017 to September 30, 2017: Number of warrants Weighted average exercise price Outstanding, March 31, 2017 9,446,533 $ 0.102 Granted — — Exercised — — Outstanding, September 30, 2017 9,446,533 $ 0.102 Effective June 7, 2017, the Company approved a reverse stock split of the common stock, par value $0.001 per share at a ratio of 1 for 20 of each share issued and outstanding on the effective date. These financial statements retroactively reflect the reverse stock split for all periods. During the period ended September 30, 2017, the Company issued common stock to satisfy convertible debt conversions at a price below par value as obligated by contract. During this period the Company issued 779,232,358 common shares at a below par rate, incurring an adjustment to additional paid in capital of $502,027. During August 2017, the Company received $100,000 from a related party as consideration for a stock subscription agreement dated October 16, 2017. The agreement stipulates issuance of 333,333,333 common stock and an additional warrants to purchase another 333,333,333 common shares at $0.0003 per share for a five year term. As of September 30, 2017, the Company has not fulfilled this obligation, thus the $100,000 collected on this agreement is recorded as common stock to be issued in the financial statements until shares are issued to complete this transaction. During the period ended March 31, 2017, the Company received, as listed, conversion notices from various note holders. The Company issued the following common shares to satisfy the conversion of the following debt and interest: Date Debt/Interest Converted Common Stock Issued Price per Share April 1, 2016 $2,197 488,316 $ 0.00450 April 4, 2016 $4,847 862,500 $ 0.00562 April 7, 2016 $1,750 486,111 $ 0.00360 April 14, 2016 $4,158 962,500 $ 0.00432 April 15, 2016 $1,318 488,311 $ 0.00270 April 26, 2016 $1,705 631,489 $ 0.00270 May 4, 2016 $2,067 485,901 $ 0.00426 May 31, 2016 $ 828 230,003 $ 0.00360 June 2, 2016 $9,120 1,500,000 $ 0.00608 June 2, 2016 $4,401 1,467,017 $ 0.00300 June 14, 2016 $5,847 1,461,795 $ 0.00400 June 17,2016 $5,691 1,422,808 $ 0.00400 June 29, 2016 $6,580 1,063,518 $ 0.00618 August 23, 2016 $2,567 1,106,487 $ 0.00232 August 29, 2016 $2,570 1,107,806 $ 0.00232 September 6, 2016 $2,547 1,097,634 $ 0.00232 September 20, 2016 $2,443 1,263,383 $ 0.00194 September 26, 2016 $2,946 1,269,672 $ 0.00232 September 28, 2016 $2,947 1,270,172 $ 0.00232 September 30, 2016 $3,949 2,553,336 $ 0.00154 October 7, 2016 $3,381 2,914,578 $ 0.00116 October 14, 2016 $3,380 2,913,784 $ 0.00116 October 21, 2016 $3,385 2,917,784 $ 0.00116 October 26, 2016 $3,382 2,915,828 $ 0.00116 October 31, 2016 $5,037 4,341,852 $ 0.00116 November 7 , 2016 $5,015 4,323,647 $ 0.00116 November 22, 2016 $5,513 4,753,008 $ 0.00116 November 29, 2016 $5,515 4,754,647 $ 0.00116 December 6, 2016 $4,058 3,497,965 $ 0.00116 January 10, 2017 $6,301 6,301,150 $ 0.00100 February 22, 2017 $4,290 3,575,000 $ 0.00120 March 13, 2017 $4,080 3,400,000 $ 0.00120 March 21, 2017 $4,920 4,100,000 $ 0.00120 March 22, 2017 $5,160 4,300,000 $ 0.00120 March 24, 2017 $5,460 4,550,000 $ 0.00120 March 30, 2017 $5,645 4,800,000 $ 0.00118 March 31, 2017 $5,939 5,050,000 $ 0.00118 March 31, 2017 Total $150,939 90,628,002 During the period ended September 30, 2017, the Company received, as listed, conversion notices from various note holders. The Company issued the following common shares to satisfy the conversion of the following debt and interest: Date Debt/Interest Converted Common Stock Issued Price per Share April 5, 2017 $6,233 5,300,000 $0.00118 April 10, 2017 $6,586 5,600,000 $0.00118 April 11, 2017 $6,880 5,850,000 $0.00118 April 18, 2017 $7,291 6,200,000 $0.00118 April 20, 2017 $7,644 6,500,000 $0.00118 April 21, 2017 $16,464 14,000,000 $0.00118 April 25, 2017 $17,287 14,700,000 $0.00118 April 26, 2017 $26,600 26,600,000 $0.00100 May 1, 2017 $8,700 14,500,000 $0.00060 June 13, 2017 $1,200 10,000,000 $0.00012 June 16, 2017 $1,930 19,299,400 $0.00010 June 16, 2017 $1,300 11,000,000 $0.00012 June 20, 2017 $1,392 11,600,000 $0.00012 June 21, 2017 $2,314 23,139,900 $0.00010 June 22, 2017 $1,590 13,250,000 $0.00012 June 22, 2017 $1,470 12,250,000 $0.00012 June 26, 2017 $1,800 15,000,000 $0.00012 June 29, 2017 $1,980 16,500,000 $0.00012 July 3, 2017 $2,088 17,400,000 $0.00012 July 12, 2017 $2,088 17,400,000 $0.00012 July 13, 2017 $2,484 13,800,000 $0.00018 July 14, 2017 $3,374 19,000,000 $0.00018 July 18, 2017 $3,374 19,000,000 $0.00018 July 20, 2017 $3,582 19,900,000 $0.00018 July 24, 2017 $6,270 20,900,000 $0.0003 July 25, 2017 $6,870 22,900,000 $0.0003 July 28, 2017 $7,200 24,000,000 $0.0003 August 2, 2017 $7,200 24,000,000 $0.0003 August 4, 2017 $9,000 25,000,000 $0.00036 August 8, 2017 $11,119 26,475,000 $0.00042 August 11, 2017 $13,920 29,000,000 $0.00048 August 16, 2017 $12,810 30,500,000 $0.00042 August 22, 2017 $6,709 19,168,058 $0.00035 August 25, 2017 $11,200 32,000,000 $0.00035 August 31, 2017 $9,600 32,000,000 $0.0003 September 7, 2017 $9,900 36,000,000 $0.00028 September 15, 2017 $9,437 37,900,000 $0.00025 September 22, 2017 $9,910 39,800,000 $0.00025 September 28, 2017 $10,408 41,800,000 $0.00025 September 30, 2017 Total $277,204 779,232,358 (2) Effective April 6, 2015, the Company approved the re-pricing of all 135,627 previously granted options under the Company’s 2013 Equity Incentive Plan, which had exercise prices between $1.60 per share and $3.40 per share, to $1.60 per share which was the closing price of the Company’s common stock on April 6, 2015. All of the other terms of the options remained unchanged. (3) Effective August 4, 2015, the Company approved the re-pricing of all 185.627 previously granted options under the Company’s 2013 Equity Incentive Plan, which had exercise prices between $1.60 per share and $0.40 per share, to $0.40 per share which was the closing price of the Company’s common stock on August 4, 2015. All of the other terms of the options remained unchanged. The Company revalued all existing options on January 12, 2015 and again on April 6, 2015, and again on August 4, 2015 using the Black-Scholes option pricing model using the initial terms of the options and the modified terms of the options. The difference in the valuations was recorded as additional expense. The re-pricing of the options resulted in the recognition of an additional $50,448 on January 9, 2015 and an additional $9,316 on April 6, 2015, and an additional $47,463 on August 4, 2015 in related stock based compensation expense for those periods. The following is a summary of the inputs used to determine the value of the options using the Black-Scholes option pricing model. Date April 6, 2015 June 9, 2015 December 15, 2015 March 30, 2017 Options 102,000 50,000 43,000 29,000,000 Stock price grant date $1.60 $0.40 $0.20 $0.002 Initial Exercise price $1.60 $0.40 $0.20 $0.002 Modified Exercise price $0.20 $0.20 $0.20 - Expected life 5.0 5.0 5.0 5.0 Volatility 99% 99% 84% 120% Risk-free rate 1.31% 1.74% 1.70% 1.93% Calculated value $120,778 $14,838 $5,736 $48,017 Modified value $151,221 $16,347 $5,736 $48,017 The following is a summary of the option activity for the period March 31, 2017 through September 30, 2017: Number of options Weighted average exercise price Outstanding, March 31, 2017 29,228,627 $ 0.004 Granted — — Exercised — — Expired — — Outstanding, September 29,228,627 $ 0.004 The Company accounts for employee stock-based compensation in accordance with the guidance of ASC Topic 718: Compensation - Stock Compensation, which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on their fair values The Company follows ASC Topic 505-50, formerly EITF 96-18, “Accounting for Equity Instruments that are Issued to Other than Employees for Acquiring, or in Conjunction with Selling Goods and Services,” for stock options and warrants issued to consultants and other non-employees. In accordance with ASC Topic 505-50, these stock options issued as compensation for services provided to the Company are accounted for based upon the fair value of the services provided or the estimated fair market value of the option, whichever can be more clearly determined. | The Company has 2,000,000,000 common shares authorized with a par value of $ 0.001 per share. The Company has 10,000,000 preferred shares authorized with a par value of $ 0.001 per share. On July 18, 2013, the Company designated, from the 10,000,000 authorized shares of preferred stock, 6,000,000 shares of Series “A” Preferred Stock. The Series “A” Preferred Stock has voting rights of 100 votes per share and votes with common shares as a single class. On July 18, 2013, the Company granted 6,000,000 Series “A” Preferred shares and 41,384 common shares for the intellectual property. The common and preferred shares were valued at a total of $123,973. On July 19, 2013, our new officer/director agreed to cancel 250,128 common shares and returned them to treasury. Certain other shareholders also agreed to cancel 131,261 common shares. On September 5, 2013, the Company increased the authorized common shares from 900,000 to 375,030,000. Correspondingly, the Company affirmed a forward split of 4.167 for 1 in which each shareholder was issued 4.167 common shares for each share held. All share and per share date included in these financial statements has been retrospectively adjusted to account for the stock split. On October 29, 2013, the Company granted 125 units at $600.00 per unit. Each unit consisted of 1 share of common stock and one common stock warrant with an exercise price of $1,000.00 and a one year term. The value of the warrants was derived by using the Black-Scholes valuation model. A summary of the valuation inputs is below. On December 11, 2013, the Company granted 125 units at $600.00 per unit. Each unit consisted of 1 share of common stock and one common stock warrant with an exercise price of $1,000.00 and a one year term. The value of the warrants was derived by using the Black-Scholes valuation model. A summary of the valuation inputs is below. On June 9, 2015, the Company issued 45,000 units at $0.40 per unit. Each unit consisted of one common stock warrant with an exercise price of $0.40 and a five year term. The value of the warrants was derived by using the Black-Scholes valuation model. A summary of the valuation inputs is below. On December 15, 2015, the Company issued 200,000 units at $0.20 per unit. Each unit consisted of one common stock warrant with an exercise price of $0.20 and a five year term. The value of the warrants was derived by using the Black-Scholes valuation model. A summary of the valuation inputs is below. The following is a summary of the inputs used to determine the value of the warrants issued in connection with common stock using the Black-Scholes option pricing model. Date June 9, 2015 Dec 15,2015 March 30, 2017 Warrants 45,000 200,000 9,200,000 Stock price on grant date $0.40 $0.20 $0.002 Exercise price $0.40 $0.20 $0.002 Expected life 5 year 5 year 5 year Volatility 98% 98% 120% Risk-free rate 1.74% 1.71% 1.96% Calculated value $13,259 $29,612 $15,278 Fair value allocation of proceeds $13,259 $29,612 $45,466 The following is a summary of the warrant activity for the period March 31, 2016 to March 31, 2017: Number of warrants Weighted average exercise price Outstanding, March 31, 2016 246,533 $3.84 Granted 9,200,000 $0.002 Exercised - - Outstanding, March 31, 2017 9,446,556 $0.102 On April 22, 2015, the Company sold 5,019 shares of common stock for $5,405 in cash, which was paid directly to a vendor for accounts payable. On June 25, 2015, the Company sold 77,123 shares of common stock for $10,797 in cash, of which $3,750 was paid directly to professionals in connection with the expenses of that sale, and $7,047 was retained by the Company. On July 7, 2015, the Company sold 80,971 shares of common stock for $11,336 in cash, of which $3,750 was paid directly to a vendor for professional services. On July 15, 2015, the Company sold 71,964 shares of common stock for $10,075 in cash. On October 27, 2015, the Company sold 82,442 shares of common stock for $11,542 in cash. On February 8, 2016, the Company approved a change in the authorized shares of common stock to 4,000,000,000 shares. Effective February 11, 2016, the Company approved a reverse stock split of the common stock, par value $0.001 per share at a ratio of 1 for 100 of each share issued and outstanding on the effective date. On May 9, 2017, the Company approved the reduction of the number of authorized $0.001 par value common stock from 40,000,000,000 common shares to 2,000,000,000 common shares. These financial statements reflect the change in authorized stock. Effective June 7, 2017, the Company approved a reverse stock split of the common stock, par value $0.001 per share at a ratio of 1 for 20 of each share issued and outstanding on the effective date. These financial statements retroactively reflect the reverse stock split for all periods. During the year ended March 31, 2014, the Company granted 23,752 stock options to officers, directors, employees and consultants. During the year ended March 31, 2015, the Company granted 9,875 stock options to officers, directors, employees and consultants. During the period ended March 31, 2016, the Company granted 195,000 stock options to officers, directors, employees and consultants The options have been re-priced twice as follows: (1) Effective January 12, 2015, the Company approved the re-pricing of all 33,627 previously granted options under the Company’s 2013 Equity Incentive Plan, which had exercise prices between $38.40 per share and $600.00 per share, to $3.40 per share which was the closing price of the Company’s common stock on January 9, 2015. All of the other terms of the options remained unchanged. During the periods ended March 31, 2017 and March 31, 2016, the Company received, as listed, conversion notices from various note holders. The Company issued the following common shares to satisfy the conversion of the following debt and interest: Date Debt/Interest Converted Common Stock Issued Price per Share April 1, 2015 $16,650 20,556 $0.81000 April 6, 2015 $10,000 10,482 $0.95400 April 8, 2015 $15,309 22,678 $0.67500 April 8, 2015 $20,001 22,727 $0.88000 April 9, 2015 $14,320 16,273 $0.88000 April 14, 2015 $10,000 11,848 $0.84400 April 16, 2015 $1,918 2,650 $0.72380 April 21, 2015 $10,000 12,987 $0.77000 April 29, 2015 $15,000 19,481 $0.77000 May 4, 2015 $5,083 6,573 $0.77320 May 12, 2015 $28,456 45,169 $0.63000 May 20, 2015 $20,199 47,382 $0.42620 May 20, 015 $17,240 39,182 $0.44000 May 27, 2015 $13,568 35,090 $0.38660 May 29, 2015 $15,000 44,118 $0.34000 June 11, 2015 $9,897 47,130 $0.21000 June 16, 2015 $14,100 58,750 $0.24000 June 16, 2015 $13,565 56,521 $0.24000 June 22, 2015 $7,415 61,792 $0.12000 June 22, 2015 $14,384 123,996 $0.11600 June 23, 2015 $7,752 64,600 $0.12000 September 16, 2015 $7,974 88,602 $0.09000 September 28, 2015 $10,000 83,333 $0.12000 September 29, 2015 $10,620 88,500 $0.12000 October 7, 2015 $2,250 18,750 $0.12000 October 7, 2015 $8,400 70,000 $0.12000 October 19, 2015 $9,720 81,000 $0.12000 November 2, 2015 $4,424 98,306 $0.04500 November 23, 2015 $10,000 83,333 $0.12000 November 30, 2015 $16,844 129,566 $0.13000 December 9, 2015 $1,746 38,800 $0.04500 December 17, 2015 $5,332 45,966 $0.11600 December 28, 2015 $1,341 29,810 $0.04500 December 28, 2015 $17,700 147,500 $0.12000 December 28, 2015 $14,305 119,208 $0.12000 December 28, 2015 $14,963 128,996 $0.11600 December 29, 2015 $8,395 69,958 $0.12000 December 29, 2015 $7,670 63,917 $0.12000 December 30, 2015 $6,651 147,812 $0.04500 January 1, 2016 $28,500 219,231 $0.13000 January 4, 2016 $19,339 161,161 $0.12000 January 5, 2016 $8,107 180,161 $0.04500 January 6, 2016 $16,070 133,917 $0.12000 January 6, 2016 $16,597 143,080 $0.11600 February 16 ,2016 $1,424 211,020 $0.00680 February 17, 2016 $12,800 422,164 $0.03040 February 23, 2016 $4,640 210,909 $0.02200 February 23, 2016 $3,086 210,044 $0.01460 February 24, 2016 $1,492 220,999 $0.00680 February 25, 2016 $3,000 131,949 $0.02280 February 25, 2016 $4,640 210,909 $0.02200 March 1, 2016 $1,313 291,723 $0.00440 March 2, 2016 $4,600 291,582 $0.01580 March 2, 2016 $1,650 129,321 $0.01280 March 2, 2016 $9,332 582,500 $0.01600 March 7, 2016 $2,799 327,315 $0.00860 March 11, 2016 $1,924 207,375 $0.00920 March 14, 2016 $2,245 356,289 $0.00640 March 15, 2016 $3,329 372,705 $0.00900 March 15, 2016 $5,210 572,500 $0.00920 March 22, 2016 $2,419 447,894 $0.00540 March 22, 2016 $2,367 360,023 $0.00660 March 22, 2016 $5,315 584,100 $0.00920 March 28, 2016 $1,986 447,939 $0.00440 March 31, 2016 Total $602,376 9,730,152 Date Debt/Interest Converted Common Stock Issued Price per Share April 1, 2016 $2,197 488,316 $ 0.00450 April 4, 2016 $4,847 862,500 $ 0.00562 April 7, 2016 $1,750 486,111 $ 0.00360 April 14, 2016 $4,158 962,500 $ 0.00432 April 15, 2016 $1,318 488,311 $ 0.00270 April 26, 2016 $1,705 631,489 $ 0.00270 May 4, 2016 $2,067 485,901 $ 0.00426 May 31, 2016 $ 828 230,003 $ 0.00360 June 2, 2016 $9,120 1,500,000 $ 0.00608 June 2, 2016 $4,401 1,467,017 $ 0.00300 June 14, 2016 $5,847 1,461,795 $ 0.00400 June 17,2016 $5,691 1,422,808 $ 0.00400 June 29, 2016 $6,580 1,063,518 $ 0.00618 August 23, 2016 $2,567 1,106,487 $ 0.00232 August 29, 2016 $2,570 1,107,806 $ 0.00232 September 6, 2016 $2,547 1,097,634 $ 0.00232 September 20, 2016 $2,443 1,263,383 $ 0.00194 September 26, 2016 $2,946 1,269,672 $ 0.00232 September 28, 2016 $2,947 1,270,172 $ 0.00232 September 30, 2016 $3,949 2,553,336 $ 0.00154 October 7, 2016 $3,381 2,914,578 $ 0.00116 October 14, 2016 $3,380 2,913,784 $ 0.00116 October 21, 2016 $3,385 2,917,784 $ 0.00116 October 26, 2016 $3,382 2,915,828 $ 0.00116 October 31, 2016 $5,037 4,341,852 $ 0.00116 November 7 , 2016 $5,015 4,323,647 $ 0.00116 November 22, 2016 $5,513 4,753,008 $ 0.00116 November 29, 2016 $5,515 4,754,647 $ 0.00116 December 6, 2016 $4,058 3,497,965 $ 0.00116 January 10, 2017 $6,301 6,301,150 $ 0.00100 February 22, 2017 $4,290 3,575,000 $ 0.00120 March 13, 2017 $4,080 3,400,000 $ 0.00120 March 21, 2017 $4,920 4,100,000 $ 0.00120 March 22, 2017 $5,160 4,300,000 $ 0.00120 March 24, 2017 $5,460 4,550,000 $ 0.00120 March 30, 2017 $5,645 4,800,000 $ 0.00118 March 31, 2017 $5,939 5,050,000 $ 0.00118 March 31, 2017 Total $150,939 90,628,002 (2) Effective April 6, 2015, the Company approved the re-pricing of all 135,627 previously granted options under the Company’s 2013 Equity Incentive Plan, which had exercise prices between $1.60 per share and $3.40 per share, to $1.60 per share which was the closing price of the Company’s common stock on April 6, 2015. All of the other terms of the options remained unchanged. (3) Effective August 4, 2015, the Company approved the re-pricing of all 185.627 previously granted options under the Company’s 2013 Equity Incentive Plan, which had exercise prices between $1.60 per share and $0.40 per share, to $0.40 per share which was the closing price of the Company’s common stock on August 4, 2015. All of the other terms of the options remained unchanged. The Company revalued all existing options on January 12, 2015 and again on April 6, 2015, and again on August 4, 2015 using the Black-Scholes option pricing model using the initial terms of the options and the modified terms of the options. The difference in the valuations was recorded as additional expense. The re-pricing of the options resulted in the recognition of an additional $50,448 on January 9, 2015 and an additional $9,316 on April 6, 2015, and an additional $47,463 on August 4, 2015 in related stock based compensation expense for those periods. The following is a summary of the inputs used to determine the value of the options using the Black-Scholes option pricing model. Date April 6, 2015 June 9, 2015 December 15, 2015 March 30, 2017 Options 102,000 50,000 43,000 29,000,000 Stock price grant date $1.60 $0.40 $0.20 $0.002 Initial Exercise price $1.60 $0.40 $0.20 $0.002 Modified Exercise price $0.20 $0.20 $0.20 - Expected life 5.0 5.0 5.0 5.0 Volatility 99% 99% 84% 120% Risk-free rate 1.31% 1.74% 1.70% 1.93% Calculated value $120,778 $14,838 $5,736 $48,017 Modified value $151,221 $16,347 $5,736 $48,017 The following is a summary of the option activity for the period March 31, 2016 through March 31, 2017: Number of options Weighted average exercise price Outstanding, March 31, 2016 228,627 $0.20 Granted 29,000,000 $0.002 Exercised - - Expired - - Outstanding, March 31, 2017 29,228,627 $0.004 The Company accounts for employee stock-based compensation in accordance with the guidance of ASC Topic 718: Compensation - Stock Compensation, which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on their fair values The Company follows ASC Topic 505-50, formerly EITF 96-18, “Accounting for Equity Instruments that are Issued to Other than Employees for Acquiring, or in Conjunction with Selling Goods and Services,” for stock options and warrants issued to consultants and other non-employees. In accordance with ASC Topic 505-50, these stock options issued as compensation for services provided to the Company are accounted for based upon the fair value of the services provided or the estimated fair market value of the option, whichever can be more clearly determined. |