Buscar (CGLD) S-1 29 Jul 16 IPO registration Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Mar. 31, 2016
Document and Entity Information:
Entity Registrant Name	Buscar Co
Entity Central Index Key	1,518,380
Document Type	S1
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,016

Balance Sheets

Balance Sheets - USD ($)		Mar. 31, 2016	Mar. 31, 2015
CURRENT ASSETS
Cash
TOTAL ASSETS		0	0
CURRENT LIABILITIES
Due to Related Party		40,171	238,254
Accounts payable and accrued liabilities		5,485
Contingent liabilities		177,270	177,270
TOTAL LIABILITIES		222,926	415,524
STOCKHOLDERS' DEFICIT
Common stock, $0.00001 par value, 500,000,000 shares authorized; 372,375, and 1,125 shares issued and outstanding at March 31, 2016 and March 31, 2015, respectively	[1]	4
Common stock payable			390,000
Additional paid-in capital		15,038,381	13,930,590
Accumulated deficit		(15,261,391)	(14,736,194)
TOTAL STOCKHOLDERS' DEFICIT		(222,926)	(415,524)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT		0	0
Series A Preferred Stock [Member]
STOCKHOLDERS' DEFICIT
Preferred stock		80	80
Series B Preferred Stock [Member]
STOCKHOLDERS' DEFICIT
Preferred stock
[1]	All common share amounts and per share amounts in these financial statements reflect the 1-for-200 share reverse split of the issued and outstanding shares of common stock of the Company, effective July 13, 2016, including retroactive adjustment of common share amounts.

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2016	Mar. 31, 2015
Preferred Stock, Par Value	$ 0.00001	$ 0.00001
Preferred Stock, Shares Authorized	50,000,000	50,000,000
Common Stock, Par Value	$ 0.00001	$ 0.00001
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares Issued	372,375	1,125
Common Stock, Shares Outstanding	372,375	1,125
Series A Preferred Stock [Member]
Preferred Stock, Par Value	$ 0.00001	$ 0.00001
Preferred Stock, Shares Issued	8,000,000	8,000,000
Preferred Stock, Shares Outstanding	8,000,000	8,000,000
Preferred Stock, Shares Designated	10,000,000	10,000,000
Series B Preferred Stock [Member]
Preferred Stock, Par Value	$ 0.00001	$ 0.00001
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Preferred Stock, Shares Designated	10,000,000	10,000,000

Statements of Operations

Statements of Operations - USD ($)		12 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Costs and expenses:
Management and consulting fees		$ 357,000	$ 553,280
General and administrative		45,656	41,423
Total expenses		402,656	594,703
Loss from operations		(402,656)	(594,703)
Other expense
Loss on debt settlement		(122,541)
Total other expense		(122,541)
Loss before income taxes		(525,197)	(594,703)
Provision for income taxes
Net loss		$ (525,197)	$ (594,703)
Net loss per common share: Basic and diluted		$ (1.80)	$ (528.62)
Weighted average common shares outstanding: Basic and diluted	[1]	292,492	1,125
[1]	All common share amounts and per share amounts in these financial statements reflect the 1-for-200 share reverse split of the issued and outstanding shares of common stock of the Company, effective July 13, 2016, including retroactive adjustment of common share amounts.

Statement Of Changes In Stockho

Statement Of Changes In Stockholders' Deficit - USD ($)		Preferred Stock		Common Stock		Common Stock Payable		Additional Paid-In Capital		Accumulated Deficit		Total
Beginning Balance, Amount at Mar. 31, 2014	[1]	$ 80						$ 13,930,590		$ (14,141,491)		$ (210,821)
Beginning Balance, Shares at Mar. 31, 2014	[1]	8,000,000		1,125
Stock based Compensation						390,000						390,000
Net loss										(594,703)		(594,703)
Ending Balance, Amount at Mar. 31, 2015		$ 80	[1]		[1]	390,000	[1]	13,930,590	[1]	(14,736,194)	[1]	(415,524)
Ending Balance, Shares at Mar. 31, 2015	[1]	8,000,000		1,125
Common stock issued for services, Amount				$ 0				225,000				225,000
Common stock issued for services, Shares				3,750
Common stock issued for debt settlement, Amount				$ 0				187,541				187,541
Common stock issued for debt settlement, Shares				6,500
Common stock issued exchanged for common stock payable, Amount				$ 0		(390,000)		390,000
Common stock issued exchanged for common stock payable, Shares				36,000
Common Stock issued to CEO for debt settlement, Amount				$ 4				299,996				300,000
Common Stock issued to CEO for debt settlement, Shares				325,000
Debt settlement								5,254				5,254
Net loss										(525,197)		(525,197)
Ending Balance, Amount at Mar. 31, 2016		$ 80	[1]	$ 4	[1]		[1]	$ 15,038,381	[1]	$ (15,261,391)	[1]	$ (222,926)
Ending Balance, Shares at Mar. 31, 2016	[1]	8,000,000		372,375
[1]	All common share amounts and per share amounts in these financial statements reflect the 1-for-200 share reverse split of the issued and outstanding shares of common stock of the Company, effective July 13, 2016, including retroactive adjustment of common share amounts.

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Operating Activities:
Net loss	$ (525,197)	$ (594,703)
Adjustments to reconcile net loss to net cash used in operating activities:
Share based compensation	357,000	390,000
Loss on debt settlement	122,541
Changes in operating assets and liabilities:
Accrued liability	5,485
Due to related parties	40,171	204,678
Net Cash Used in Operating Activities	0	(25)
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash used in Investing Activities
CASH FLOWS FROM FINANCING ACTIVITIES
Net cash provided by Financing Activities
Net cash increase for period		(25)
Cash at beginning of period		25
Cash at end of period
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income taxes
Cash paid for interest
NON CASH INVESTING AND FINANCING ACTIVITIES
The issuance of 36,000 shares of common stock in exchange for common stock payable	390,000
The issuance of 3,750 shares of common stock for consulting services.	225,000
The issuance of 325,000 shares of common stock in exchange for $300,000 of debt settlement to a related party	300,000
The issuance of 6,500 shares of common stock in exchange for $65,000 of debt settlement to an unrelated party	187,541
Debt settlement by related party	$ 5,254

Business

Business	12 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Note 1 - Business	Buscar Company. ("Buscar", "we", "us", "our", the "Company") was incorporated in Nevada as Cascade Springs Ltd. on January 19, 2010. In 2012, we amended our Articles of Incorporation to change our name to Colorado Gold Mines, Inc. On June 18, 2014, changed our name to Buscar Oil, Inc. On May 19, 2015, the Company changed it's name to Buscar Company. Buscar is domiciled in the state of Colorado, and its corporate headquarters are located in Los Angeles, CA. The Company selected March 31 as its fiscal year end. The Company's business is the buying, selling and racing of thoroughbreds that can race in the allowance and stakes levels of thoroughbred racing; however, the Company will initially begin in the claiming level of thoroughbred racing. The Company intends to acquire in its claiming division before acquiring horses for its allowance/stakes division. These horses will provide the Company with revenue and a foundation to build out a stakes level stable. The Company's main focus will be acquiring horses that will be capable of racing in stake races throughout the Country.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Note 2 - Summary of Significant Accounting Policies	The Company prepares its financial statements in accordance with accounting principles generally accepted in the United States of America. Significant accounting policies are as follows: Use of Estimates and Assumptions The preparation of financial statements in conformity with accounting principles generally accepted in the United States ("GAAP") requires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities, (ii) the disclosure of contingent assets and liabilities known to exist as of the date the financial statements are published, and (iii) the reported amount of net revenues and expenses recognized during the periods presented. Adjustments made with respect to the use of estimates often relate to improved information not previously available. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of financial statements; accordingly, actual results could differ from these estimates. The Company's most significant estimates relate to the valuation of its contingent liabilities and the valuation of its common stock. Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. At March 31, 2016 and 2015, the Company did not have any cash or cash or cash equivalents. Income Taxes We account for income taxes under the asset and liability method. Deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the 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 income in the period that includes the enactment date. Valuation allowances are recorded, when necessary, to reduce deferred tax assets to the amount expected to be realized. As a result of the implementation of certain provisions of ASC 740, Income Taxes ("ASC 740"), which clarifies the accounting and disclosure for uncertainty in tax positions, as defined, ASC 740 seeks to reduce the diversity in practice associated with certain aspects of the recognition and measurement related to accounting for income taxes. We adopted the provisions of ASC 740 as of January 1, 2007, and have analyzed filing positions in each of the federal and state jurisdictions where we are required to file income tax returns, as well as all open tax years in these jurisdictions. We have identified the U.S. federal and California as our "major" tax jurisdictions. Generally, we remain subject to Internal Revenue Service examination of our 2012 through 2015 U.S. federal income tax returns, and remain subject to California Franchise Tax Board examination of our 2012 through 2015 California Franchise Tax Returns. However, we have certain tax attribute carryforwards which will remain subject to review and adjustment by the relevant tax authorities until the statute of limitations closes with respect to the year in which such attributes are utilized. Basic and Diluted Loss Per Share Basic loss per share is computed using the weighted average number of shares outstanding during the period. Diluted loss per share has not been provided as it would be anti-dilutive. Stock-Based Compensation We periodically issue stock options and warrants to employees and non-employees in non-capital raising transactions for services and for financing costs. We account for stock option and warrant grants issued and vesting to employees based on Financial Accounting Standards Board (FASB) ASC Topic 718, "Compensation – Stock Compensation", whereas the award is measured at its fair value at the date of grant and is amortized ratably over the service period. We account for stock option and warrant grants issued and vesting to non-employees in accordance with ASC Topic 505, "Equity", whereas 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. Fair Value of Financial Instruments The Company's financial instruments consist primarily of cash, accounts payable and accrued expenses, and debt. The carrying amounts of such financial instruments approximate their respective estimated fair value due to the short-term maturities and approximate market interest rates of these instruments. The Company adopted ASC Topic 820, Fair Value Measurements The three-level hierarchy for fair value measurements is defined as follows: ● Level 1 – inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets; liabilities in active markets; ● Level 2 – inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability other than quoted prices, either directly or indirectly, including inputs in markets that are not considered to be active; or directly or indirectly including inputs in markets that are not considered to be active; ● Level 3 – inputs to the valuation methodology are unobservable and significant to the fair value measurement Recent Accounting Pronouncements In March 2016, the FASB issued ASU 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting". The amendments are effective for public companies for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Several aspects of the accounting for share-based payment award transactions are simplified, including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. The Company is currently in the process of evaluating the impact of the adoption on its financial statements. In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)" ("ASU 2016-02"). ASU 2016-02 requires an entity to recognize assets and liabilities arising from a lease for both financing and operating leases. The ASU will also require new qualitative and quantitative disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company is currently evaluating the impact of adopting this guidance. In January 2016, the FASB issued ASU 2016-01, which amends the guidance in U.S. GAAP on the classification and measurement of financial instruments. Changes to the current guidance primarily affect the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, the ASU clarifies guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The new standard is effective for fiscal years and interim periods beginning after December 15, 2017, and upon adoption, an entity should apply the amendments by means of a cumulative-effect adjustment to the balance sheet at the beginning of the first reporting period in which the guidance is effective. Early adoption is not permitted except for the provision to record fair value changes for financial liabilities under the fair value option resulting from instrument-specific credit risk in other comprehensive income. The Company is currently evaluating the impact of adopting this guidance. In September 2015, the FASB issued ASU 2015-16, "Simplifying the Accounting for Measurement –Period Adjustments." Changes to the accounting for measurement-period adjustments relate to business combinations. Currently, an acquiring entity is required to retrospectively adjust the balance sheet amounts of the acquiree recognized at the acquisition date with a corresponding adjustment to goodwill as a result of changes made to the balance sheet amounts of the acquiree. The measurement period is the period after the acquisition date during which the acquirer may adjust the balance sheet amounts recognized for a business combination (generally up to one year from the date of acquisition). The changes eliminate the requirement to make such retrospective adjustments, and, instead require the acquiring entity to record these adjustments in the reporting period they are determined. The new standard is effective for both public and private companies for periods beginning after December 15, 2015. The Company is currently evaluating the impact of adopting this guidance.

Going Concern

Going Concern	12 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Note 3 - Going Concern	These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At March 31, 2016, the Company had not yet achieved profitable operations, has accumulated losses of $15,261,391 since its inception, has a working capital deficiency of $222,926 and expects to incur further losses in the development of its business, all of which raise substantial doubt about the Company's ability to continue as a going concern. The Company's ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances, however there is no assurance of additional funding being available or on terms acceptable to the Company.

Due To Related Party

Due To Related Party	12 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Note 4 - Due To Related Party	As at March 31, 2015 a related party were owed $238,254, for funds from related parties for paying its accounting, consulting and legal fees. The amount due did not bear any interest and is due on demand. During the year ended March 31, 2016, the amounts were cancelled against the issuance for shares of common stock in the Company. On August 1, 2014 the Company entered into an Executive Employment Agreement with Mr. Troy Grant. Starting on August 1, 2014, the Company shall pay Mr. Grant a base salary of $22,000 per month, full or part, plus applicable bonuses as are awarded by the Board of Directors from time to time based on performance, which may either be paid in stock or cash at the discretion of the Board.. These agreements have been terminated and Mr. Grant received 325,000 shares of common stock, which included payment for the accrued salaries, bonus and rental expenses. On August 1, 2014 the Company entered into an office rental agreement with Mr. Grant for 700 square feet of office space located at his residence in Nova Scotia, Canada. The Company shall occupy the Premises on a month-to-month basis for $500 per month. Rent shall accrue from August 1, 2014 until July 31, 2015, and on such date, the Tenant shall pay owner the sum outstanding ($500 monthly) for all accrued rents. $4,000 has been expensed to date. These agreements have been terminated and Mr. Grant received 325,000 shares of common stock, which included payment for the accrued salaries, bonus and rental expenses. On March 21, 2016, the Company issued 3,750 shares of common stock to a consultant, who is married to our CEO, with a fair value of $225,000 for consulting services. Consultant is being retained to assist the Company in acquiring and locating thoroughbreds to acquire for its stable and to perform any and all duties as requested by the Company's CEO. Additionally, Consultant shall provide use of his thoroughbred to obtain Buscar Stables license in California. This contract shall expire on April 30, 2016.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Note 5 - Commitments and Contingencies	As of March 31, 2016, the Company had a total of $222,926 of outstanding liabilities. As of this date, the Company recognizes $177,270 of outstanding liabilities related to previous Company directors, Robert Sawatsky and Kelly Fielder. The Company's legal counsel believes that the outstanding liabilities are expected to be paid back to the previous Company directors, Robert Sawatsky and Kelly Fielder, who had originally loaned money to the Company. However, there has been no resolution of this event.

Equity

Equity	12 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Note 6 - Equity	Preferred Stock The Company has authorized 50,000,000 preferred shares with a par value of $0.00001 per share. Board of Directors are authorized to divide the authorized shares of Preferred Stock into one or more series, each of which shall be so designated as to distinguish the shares thereof from the shares of all other series and classes. Series A Preferred Stock The Company has designated 10,000,000 preferred shares of Series A Preferred Stock with a par value of $0.00001 per share. As at March 31, 2016 and 2015, the Company had 8,000,000 shares of Series A Preferred Stock issued and outstanding. Series B Preferred Stock The Company has designated 10,000,000 preferred shares of Series B Preferred Stock with a par value of $0.00001 per share. As at March 31, 2016 and 2015, the Company had no shares of Series B Preferred Stock issued and outstanding. Common Stock On June 28, 2016, with an effective date of July 13, 2016, the Company filed Amended and Restated Articles of Incorporation with the Nevada Secretary of State to effect a 1-for-200 share Reverse Split of the Company's issued and outstanding common stock. Common share amounts and per share amounts in these financial statements have been retroactively adjusted to reflect this reverse split. On April 1, 2014 the Company entered into a consulting services contract with Theo van der Linde. The contract terminated on October 31, 2014. Mr. van der Linde received 15,000 shares of the Company's common stock representing payment of $100,000 for services rendered for the term of the agreement. On April 1, 2014 the Company entered into a consulting services contract with Jack Bakker. The contract terminated on October 31, 2014. Mr. Bakker received 15,000 shares of the Company's common stock representing payment of $100,000 for services rendered for the term of the agreement. On April 3, 2014 the Company issued 6,500 shares of its common stock to two (2) consultants for debt settlement of $65,000. As a result, the Company recorded a loss on debt settlement of $122,541. These shares were issued in June 2015. On September 1, 2014 the Company entered into an Executive Employment Agreement with Mr. Terry Christopher. Mr. Christopher a geologist served as an advisor to the Company since September of 2014. Mr. Christopher received 6,000 shares of the Company's common stock as part of the agreement. On June 8, 2015, Troy Grant, the Company's former chief executive officer and sole member of the Board of Directors and current Chief Operating Officer, was issued 325,000 shares of restricted Common Stock in exchange for accrued salaries, bonus and expenses of $300,000. No shares have been issued to Mr. Grant prior to June 9, 2015 with regard to deferred salary and bonus. On March 21, 2016, the Company issued 3,750 shares of common stock to a consultant, who is married to the CEO, with a fair value of $225,000 for consulting services (see Note 4). As of March 31, 2016 and 2015, the Company had 372,375 and 1,125 shares of common stock issued and outstanding, respectively. Loss on Debt Settlement In June 2015, 6,500 shares of common stock, having a market value of $187,514, were issued to two consultants to settle debt of $65,000 (April 3, 2014 above). The Company reconginzed a loss on debt settlement of $122,541 and recorded this amount to additional paid in capital.

Income Taxes

Income Taxes	12 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Note 7 - Income Taxes	The significant components of the Company's deferred tax assets are as follows: March 31, 2016 March 31, 2015 Deferred tax assets Net operating loss carryforwards $ 15,261,391 $ 14,736,194 Less: valuation allowance for deferred tax asset (15,261,391 ) (14,736,194 ) $ - $ - Reconciliation between the provision for income taxes and the expected tax benefit using the federal statutory rate of 34% and state statutory rate of 6.9% for 2016 and 2015 is as follows: March 31, 2016 March 31, 2015 Income tax benefit at federal statutory rate (34.00 )% (34.00 )% State income tax benefit, net of effect on federal taxes (6.90 )% (6.90 )% Increase in valuation allowance 40.90 % 40.90 % Income tax expense (benefit) 0.0 % 0.0 % The amount taken into income as deferred tax assets must reflect that portion of the net operating loss carryforwards that is more likely-than-not to be realized from future operations. The Company has chosen to provide an allowance of 100% against all available income tax loss carryforwards, due to the uncertainty surrounding their realization. No provision for income taxes has been provided in these financial statements due to the net loss. The effective tax rate differs from the 34% statutory rate for the year ended March 31, 2016 due to the change in valuation allowance.

Subsequent Event

Subsequent Event	12 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Note 8 - Subsequent Event	On April 13, 2016, the Company acquired an 4% interest in the thoroughbred Sheza Superstar for $2,048. Sheza Superstar is managed by Dare To Dream Stables. On May 11, 2016, the Company acquired a 4% interest in the thoroughbred Tsunami for $2,620. Tsunami is managed by Dare To Dream Stables. On June 24, 2016, the Company acquired majority interest in Mr. Ability for $51,590. Mr. Ability is managed by Radley Equine. In May 2016, the Company obtained its California Horse Racing Board license to own and race thoroughbreds in California. Subsequent to March 31, 2016, 10,000,000 shares of Series B Preferred Stock were issued to our CEO.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Mar. 31, 2016
Note 2 - Summary Of Significant Accounting Policies Policies
Use of Estimates and Assumptions	The preparation of financial statements in conformity with accounting principles generally accepted in the United States ("GAAP") requires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities, (ii) the disclosure of contingent assets and liabilities known to exist as of the date the financial statements are published, and (iii) the reported amount of net revenues and expenses recognized during the periods presented. Adjustments made with respect to the use of estimates often relate to improved information not previously available. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of financial statements; accordingly, actual results could differ from these estimates. The Company's most significant estimates relate to the valuation of its contingent liabilities and the valuation of its common stock.
Cash and Cash Equivalents	The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. At March 31, 2016 and 2015, the Company did not have any cash or cash or cash equivalents.
Income Taxes	We account for income taxes under the asset and liability method. Deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the 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 income in the period that includes the enactment date. Valuation allowances are recorded, when necessary, to reduce deferred tax assets to the amount expected to be realized. As a result of the implementation of certain provisions of ASC 740, Income Taxes ("ASC 740"), which clarifies the accounting and disclosure for uncertainty in tax positions, as defined, ASC 740 seeks to reduce the diversity in practice associated with certain aspects of the recognition and measurement related to accounting for income taxes. We adopted the provisions of ASC 740 as of January 1, 2007, and have analyzed filing positions in each of the federal and state jurisdictions where we are required to file income tax returns, as well as all open tax years in these jurisdictions. We have identified the U.S. federal and California as our "major" tax jurisdictions. Generally, we remain subject to Internal Revenue Service examination of our 2012 through 2015 U.S. federal income tax returns, and remain subject to California Franchise Tax Board examination of our 2012 through 2015 California Franchise Tax Returns. However, we have certain tax attribute carryforwards which will remain subject to review and adjustment by the relevant tax authorities until the statute of limitations closes with respect to the year in which such attributes are utilized.
Basic and Diluted Loss Per Share	Basic loss per share is computed using the weighted average number of shares outstanding during the period. Diluted loss per share has not been provided as it would be anti-dilutive.
Stock-Based Compensation	We periodically issue stock options and warrants to employees and non-employees in non-capital raising transactions for services and for financing costs. We account for stock option and warrant grants issued and vesting to employees based on Financial Accounting Standards Board (FASB) ASC Topic 718, "Compensation – Stock Compensation", whereas the award is measured at its fair value at the date of grant and is amortized ratably over the service period. We account for stock option and warrant grants issued and vesting to non-employees in accordance with ASC Topic 505, "Equity", whereas 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.
Fair Value of Financial Instruments	The Company's financial instruments consist primarily of cash, accounts payable and accrued expenses, and debt. The carrying amounts of such financial instruments approximate their respective estimated fair value due to the short-term maturities and approximate market interest rates of these instruments. The Company adopted ASC Topic 820, Fair Value Measurements The three-level hierarchy for fair value measurements is defined as follows: ● Level 1 – inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets; liabilities in active markets; ● Level 2 – inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability other than quoted prices, either directly or indirectly, including inputs in markets that are not considered to be active; or directly or indirectly including inputs in markets that are not considered to be active; ● Level 3 – inputs to the valuation methodology are unobservable and significant to the fair value measurement
Recent Accounting Pronouncements	In March 2016, the FASB issued ASU 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting". The amendments are effective for public companies for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Several aspects of the accounting for share-based payment award transactions are simplified, including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. The Company is currently in the process of evaluating the impact of the adoption on its financial statements. In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)" ("ASU 2016-02"). ASU 2016-02 requires an entity to recognize assets and liabilities arising from a lease for both financing and operating leases. The ASU will also require new qualitative and quantitative disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company is currently evaluating the impact of adopting this guidance. In January 2016, the FASB issued ASU 2016-01, which amends the guidance in U.S. GAAP on the classification and measurement of financial instruments. Changes to the current guidance primarily affect the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, the ASU clarifies guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The new standard is effective for fiscal years and interim periods beginning after December 15, 2017, and upon adoption, an entity should apply the amendments by means of a cumulative-effect adjustment to the balance sheet at the beginning of the first reporting period in which the guidance is effective. Early adoption is not permitted except for the provision to record fair value changes for financial liabilities under the fair value option resulting from instrument-specific credit risk in other comprehensive income. The Company is currently evaluating the impact of adopting this guidance. In September 2015, the FASB issued ASU 2015-16, "Simplifying the Accounting for Measurement –Period Adjustments." Changes to the accounting for measurement-period adjustments relate to business combinations. Currently, an acquiring entity is required to retrospectively adjust the balance sheet amounts of the acquiree recognized at the acquisition date with a corresponding adjustment to goodwill as a result of changes made to the balance sheet amounts of the acquiree. The measurement period is the period after the acquisition date during which the acquirer may adjust the balance sheet amounts recognized for a business combination (generally up to one year from the date of acquisition). The changes eliminate the requirement to make such retrospective adjustments, and, instead require the acquiring entity to record these adjustments in the reporting period they are determined. The new standard is effective for both public and private companies for periods beginning after December 15, 2015. The Company is currently evaluating the impact of adopting this guidance.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Mar. 31, 2016
Income Taxes Tables
Schedule of Deferred Tax Assets and Liabilities	March 31, 2016 March 31, 2015 Deferred tax assets Net operating loss carryforwards $ 15,261,391 $ 14,736,194 Less: valuation allowance for deferred tax asset (15,261,391 ) (14,736,194 ) $ - $ -
Schedule of Effective Income Tax Rate Reconciliation	March 31, 2016 March 31, 2015 Income tax benefit at federal statutory rate (34.00 )% (34.00 )% State income tax benefit, net of effect on federal taxes (6.90 )% (6.90 )% Increase in valuation allowance 40.90 % 40.90 % Income tax expense (benefit) 0.0 % 0.0 %

Note 3 - Going Concern (Details

Note 3 - Going Concern (Details Narrative) - USD ($)	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2014	[1]
Note 3 - Going Concern Details Narrative
Accumulated deficit	$ (15,261,391)	$ (14,736,194)
Total Stockholders' Deficit	$ (222,926)	$ (415,524)	$ (210,821)
[1]	All common share amounts and per share amounts in these financial statements reflect the 1-for-200 share reverse split of the issued and outstanding shares of common stock of the Company, effective July 13, 2016, including retroactive adjustment of common share amounts.

Due To Related Party (Details N

Due To Related Party (Details Narrative) - USD ($)	Mar. 31, 2016	Mar. 31, 2015
Due To Related Party Details Narrative
Due to Related Party	$ 40,171	$ 238,254

Note 5 - Commitments and Contin

Note 5 - Commitments and Contingencies (Details Narrative) - USD ($)	Mar. 31, 2016	Mar. 31, 2015
Note 5 - Commitments And Contingencies Details Narrative
Total Liabilities	$ 222,926	$ 415,524
Contingent liabilities	$ 177,270	$ 177,270

Equity (Details Narrative)

Equity (Details Narrative) - $ / shares	Mar. 31, 2016	Mar. 31, 2015
Preferred Stock, Par Value	$ 0.00001	$ 0.00001
Preferred Stock, Shares Authorized	50,000,000	50,000,000
Common Stock, Shares Issued	372,375	1,125
Common Stock, Shares Outstanding	372,375	1,125
Series A Preferred Stock [Member]
Preferred Stock, Par Value	$ 0.00001	$ 0.00001
Preferred Stock, Shares Issued	8,000,000	8,000,000
Preferred Stock, Shares Outstanding	8,000,000	8,000,000
Preferred Stock, Shares Designated	10,000,000	10,000,000
Series B Preferred Stock [Member]
Preferred Stock, Par Value	$ 0.00001	$ 0.00001
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Preferred Stock, Shares Designated	10,000,000	10,000,000

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Mar. 31, 2016	Mar. 31, 2015
Deferred tax assets
Net operating loss carryforwards	$ 15,261,391	$ 14,736,194
Less: valuation allowance for deferred tax asset	(15,261,391)	(14,736,194)
Deferred Tax Assets

Income Taxes (Details 1)

Income Taxes (Details 1)	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Taxes Details 1
Income tax benefit at federal statutory rate	(34.00%)	(34.00%)
State income tax benefit, net of effect on federal taxes	(6.90%)	(6.90%)
Increase in valuation allowance	40.90%	40.90%
Income tax expense (benefit)	0.00%	0.00%

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Taxes Details Narrative
Income tax benefit at federal statutory rate	(34.00%)	(34.00%)
State income tax benefit, net of effect on federal taxes	(6.90%)	(6.90%)