Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Mar. 31, 2017 | Jan. 24, 2018 | Jun. 30, 2016 | |
Document And Entity Information | |||
Entity Registrant Name | Cyberfort Software, Inc. | ||
Entity Central Index Key | 1,522,787 | ||
Document Type | 10-K | ||
Document Period End Date | Mar. 31, 2017 | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --03-31 | ||
Is Entity a Well-known Seasoned Issuer? | No | ||
Is Entity a Voluntary Filer? | No | ||
Is Entity's Reporting Status Current? | No | ||
Entity Filer Category | Smaller Reporting Company | ||
Entity Public Float | $ 0 | ||
Entity Common Stock, Shares Outstanding | 85,759,911 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2,017 |
Balance Sheets
Balance Sheets - USD ($) | Mar. 31, 2017 | Mar. 31, 2016 |
Current assets | ||
Cash | $ 4,424 | |
Prepaid expenses | 4,167 | |
Total current assets | 8,591 | |
TOTAL ASSETS | 8,591 | |
Current liabilities | ||
Accounts payable | 107,925 | 70,965 |
Accrued expenses | 286,779 | 193,579 |
Stock Payable | 110,000 | 300,000 |
Related party advances | 10,000 | |
Notes Payable | 150,000 | |
Total current liabilities | 654,704 | 574,544 |
Total liabilities | 654,704 | 574,544 |
Commitments | ||
Stockholders' deficit: | ||
Common stock, $0.001 par value - 100,000,000 share authorized, 85,759,911 and 73,399,871 shares issued and outstanding at March 31, 2017 and March 31, 2016 | 85,760 | 73,400 |
Additional paid-in capital | 3,186,675 | 1,921,455 |
Accumulated Deficit | (3,918,548) | (2,569,399) |
Total stockholders' deficit | (646,113) | (574,544) |
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIT | $ 8,591 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Mar. 31, 2017 | Mar. 31, 2016 |
Stockholders' Equity | ||
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 85,759,911 | 73,399,871 |
Common stock, shares outstanding | 85,759,911 | 73,399,871 |
Statements of Operations
Statements of Operations - USD ($) | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Statements Of Operations | ||
Net revenue | ||
Operating expenses: | ||
General and admin. expenses | 280,619 | 123,104 |
Stock compensation expense | 50,000 | 50,000 |
Depreciation | 461 | |
Impairment on Intangible property | 1,018,530 | |
Total operating expenses | 1,349,149 | 173,565 |
Loss from operations | (1,349,149) | (173,565) |
Other (expenses)/income | ||
Gain on settlement of debt | 12,000 | |
Net loss | $ (1,349,149) | $ (161,565) |
Loss per common share - basic and diluted | $ (0.02) | $ 0 |
Weighted average common shares outstanding - basic and diluted | 79,911,560 | 73,399,871 |
Statement of Stockholders Equit
Statement of Stockholders Equity (Deficit) - USD ($) | Common Stock | Additional Paid-In Capital | Accumulated Deficit | Total |
Beginning Balance, Amount at Mar. 31, 2015 | $ 73,400 | $ 1,921,455 | $ (2,407,834) | $ (412,979) |
Beginning Balance, Shares at Mar. 31, 2015 | 73,399,871 | |||
Net loss | (161,565) | (161,565) | ||
Ending Balance, Amount at Mar. 31, 2016 | $ 73,400 | 1,921,455 | (2,569,399) | (574,544) |
Ending Balance, Shares at Mar. 31, 2016 | 73,399,871 | |||
Issuance of common stock for officer compensation, Amount | $ 1,000 | 299,000 | 300,000 | |
Issuance of common stock for officer compensation, Shares | 1,000,000 | |||
Issuance of common stock for officer reimbursement, Amount | $ 390 | 38,610 | 39,000 | |
Issuance of common stock for officer reimbursement, Shares | 390,000 | |||
Issuance of common stock for acquisition, Amount | $ 10,218 | 858,312 | 868,530 | |
Issuance of common stock for acquisition, Shares | 10,218,000 | |||
Issuance of common stock for cash related to acquisition, Amount | $ 471 | 39,529 | 40,000 | |
Issuance of common stock for cash related to acquisition, Shares | 470,588 | |||
Issuance of common stock for cash, Amount | $ 281 | 29,719 | 30,000 | |
Issuance of common stock for cash, Shares | 281,452 | |||
Contributed Capital by officer | 50 | 50 | ||
Net loss | (1,349,149) | (1,349,149) | ||
Ending Balance, Amount at Mar. 31, 2017 | $ 85,760 | $ 3,186,675 | $ (3,918,548) | $ (646,113) |
Ending Balance, Shares at Mar. 31, 2017 | 85,759,911 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Cash flows from operating activities: | ||
Net loss | $ (1,349,149) | $ (161,565) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Stock based compensation | 50,000 | 50,000 |
Gain on settlement of debt | (12,000) | |
Depreciation | 461 | |
Loss on sale of assets | 159,766 | |
Impairment of technology | 1,018,530 | |
Changes in operating assets and liabilities: | ||
Prepaid expenses | (4,167) | |
Accounts payable | 130,160 | 98,104 |
Accrued expenses | ||
Net cash used in operating activities | (154,626) | (25,000) |
Cash flows from investing activities: | ||
Proceeds from sale of blueberry farm | 25,000 | |
Net cash used in investing activities | 25,000 | |
Cash flows from financing activities: | ||
Note Payable - related party | 29,000 | |
Issuance of common stock for cash | 70,000 | |
Contributed capital | 50 | |
Stock Subscription Payable | 60,000 | |
Net cash provided by financing activities | 159,050 | |
Net change in cash | 4,424 | |
Cash at the beginning of the period | ||
Cash at the end of the period | 4,424 | |
Supplemental disclosures of cash flow information: | ||
Cash paid for income taxes | ||
Cash paid for interest | ||
Non-cash investing and financing transactions[LW5] : | ||
Common stock issued for service and advances from related party | 339,000 | |
Stock and debt issued to acquire intangible assets | 1,018,530 | |
Satisfaction of debt on sale of blueberry farm | $ 200,000 |
ORGANIZATION
ORGANIZATION | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
NOTE 1 - ORGANIZATION | Cyberfort Software, Inc. (formerly known as Patriot Berry Farms, Inc.) (Cyberfort or The Company) was incorporated in the State of Nevada on December 15, 2010 under the name of Gaia Remedies, Inc. On September 26, 2016, the board of directors and the majority shareholders of the Patriot Berry Farms, Inc. approved an amendment to the Articles of Incorporation of the Company to change its name from Patriot Berry Farms, Inc. to Cyberfort Software, Inc. Cyberfort is in the business of developing, marketing, and acquiring software security technology. |
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES | USE OF ESTIMATES The preparation of the Companys financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Companys periodic filings with the Securities and Exchange Commission include, where applicable, disclosures of estimates, assumptions, uncertainties and markets that could affect the financial statements and future operations of the Company. CASH AND CASH EQUIVALENTS Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with original maturities of less than three months, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. The Company had $4,424 and $0 in cash as of March 31, 2017 and 2016, respectively. INCOME TAXES The Company accounts for income taxes under FASB ASC 740 "Income Taxes." STOCK-BASED COMPENSATION The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of FASB ASC 505-50 "Equity - Based Payments to Non-Employees." a b NET INCOME OR (LOSS) PER SHARE OF COMMON STOCK The Company has adopted ASC 260 Earnings per Share, The Company has no potentially dilutive securities, such as options or warrants, currently issued and outstanding. RECLASSIFICATION For comparability, certain prior year amounts have been reclassified, where appropriate, to conform to the financial statement presentation used in 2017. The reclassifications have no impact on net loss. |
GOING CONCERN
GOING CONCERN | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
NOTE 3 - GOING CONCERN | The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. As of March 31, 2017 and 2016, the Company has an accumulated deficit of $3,918,548 and $2,569,399. The Company intends to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the next twelve months. The ability of the Company to emerge from the development stage is dependent upon, among other things, obtaining additional financing to continue operations. In response to this and other potential problems, management intends to raise additional funds through public or private placement offerings. These factors, among others, raise substantial doubt about the Companys ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty. |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
NOTE 4 - PROPERTY AND EQUIPMENT | In fiscal 2014, the Company acquired an operational blueberry farm for $402,765, including equipment. The Company paid $122,765 in cash and issued a Note Payable for $280,000. During fiscal 2015, the Company defaulted on the Note Payable and took an impairment loss of $159,766 related to the farm. In April 2015, the Company sold the blueberry farm, including equipment, at a selling price of $235,000 to the original seller. The Company and the Buyer entered into a mortgage note for $25,000 out of the total $235,000 which was paid by the Buyer on July 15, 2015. The net proceeds of the sale of the farm were used to repay the $200,000 balance of the Note Payable and the related transaction cost. As of March 31, 2016, the outstanding balance of the Note Payable is $0 and the accrued penalty fees of $12,000 was forgiven. During fiscal 2016, the Company recorded depreciation expense of $461. |
INTANGIBLE ASSETS
INTANGIBLE ASSETS | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
NOTE 5 - INTANGIBLE ASSETS | On September 20, 2016, the Company entered into an Assignment Agreement with Ferlin Corp. to assume a Purchase and Sale Agreement between Ferlin Corp and Mistrin Pty, Ltd. that results in the Company effectively purchasing the title, rights, and interest to a software application, (including the source code) in exchange for various consideration. Under the Assignment and the assumed Purchase and Sale Agreement with Mistrin, the Company has assumed a non-interest bearing, unsecured Note Payable to Mistrin for $150,000, will issue 10,688,588 shares of common stock, valued at $0.085 per share, to the seller, assignor, and various individuals, and received $40,000. Consequently, the Company has recorded intangible property related to the transaction of $1,018,530. The Company has not fully issued all the required shares of common stock as of March 31, 2017. They will issue the shares as soon as practicable. However, the Company has treated all shares as issued and outstanding within these financial statements. Per the Purchase and Sale Agreement, the Company was required to make a $50,000 payment related to the assumed Note Payable on September 25, 2016. As of the March 31, 2017, the note payable is past due and the Company has yet to make the required payment and is in Material Breach of said agreement. Additionally, the Purchase and Sale Agreement obligates the Company to hire several identified individuals, fund $10,000 of marketing and development cost per month, and migrate the acquired technology into an Enterprise Class security software product prior to being able to begin the effort of generating revenue. During the year ended March 31, 2017, the Company incurred $34,000 marketing and development expenses. The Company is in negotiations with the Assignor and Seller to amend the various agreements to enable the Company to raise additional funds in order for the Company to accomplish the execution of its current business plan. There are no guarantees that the Company will be able to renegotiate the agreements, raise the required funds, or successfully execute its business plan. Consequently, the Company determined that the acquired intangible propertys value was impaired as of September 30, 2016, due to the material breach and significant uncertainties related to its business plan and has written off the entire value of the intangible property at that date. However, the company intends to continue to its efforts to develop the Applications technology and execute its current business plan. |
RELATED PARTY ADVANCES
RELATED PARTY ADVANCES | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
NOTE 6 - RELATED PARTY ADVANCES | On July 7, 2016, the current President advanced $29,000 to pay certain accounts payable on behalf of the Company. On July 29, 2016, the Company issued 290,000 shares of Companys common stock to its current President to reimburse $29,000 paid on behalf of the Company. On July 29, 2016, the Company issued 100,000 shares of Companys common stock to its current President, in consideration to reimburse $10,000 settlement payment that was advanced by its current President on behalf of the Company in December 2014. As of March 31, 2017 and March 31, 2016, the balance of related party advances is $0 and $10,000 respectively. |
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
NOTE 7 - STOCKHOLDERS' EQUITY | On July 25, 2016, the Company issued 1,000,000 shares of its common stock to its current President, par value $0.001 per share, for the service rendered. 500,000 shares of common stock have been valued at $0.50 per share for the year ended March 31, 2015 and 500,000 shares of common stock have been valued at $0.10 per share for the year ended March 31, 2016. The stock based compensation expenses were recognized over the service period. On July 29, 2016, the Company issued 290,000 shares of Companys common stock to its current President as reimburse $29,000 paid on behalf of the Company. On July 29, 2016, the Company issued 100,000 shares of Companys common stock to its current President, in consideration to reimburse $10,000 settlement payment that was advanced by its current President on behalf of the Company in December 2014. On September 20, 2016, the Company issued 1,970,588 shares of its common stock, par value $0.001, to Ferlin Corp for Assignment of the Purchase and Sale Agreement and $40,000 cash as further discussed in Note 4 - Intangible Assets. The Company has not fully issued all the required shares of common stock at this time. They will issue the shares as soon as practicable. However, the Company has treated all shares as issued and outstanding within these financial statement. On September 27, 2016, the Company issued 8,718,000 shares of its common stock at a value of $0.085 per share as further discussed in Note 4 - Intangible Assets. The Company has not fully issued all the required shares of common stock at this time. They will issue the shares as soon as practicable. However, the Company has treated all shares as issued and outstanding within these financial statement. On October 27, 2016, the Company issued 86,928 shares of its common stock for cash proceeds of $10,000. On November 3, 2016, the Company issued 106,684 shares of its common stock for cash proceeds of $10,000. On November 17, 2016, the Company issued 87,840 shares of its common stock for cash proceeds of $10,000. The Company has received cash capital contributions of $60,000 under Subscription Agreements to issue 172,996 shares of common stock; however, as of March 31, 2017, the Agreements have not been executed by the investors and the common stock has not been issued. Under the employment agreement with the CEO, the Company is required to grant shares of restricted stock after each anniversary date. At March 31, 2017, the company has accrued a stock payable for shares earned but not issued of $50,000. The number of shares will be determined based upon market value of the stock at the point in time of issuance. As of March 31, 2017 and 2016 there were 85,759,911 and 73,399,871 shares of common stock issued and outstanding, respectively. |
COMMITMENTS
COMMITMENTS | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
NOTE 8 - COMMITMENTS | On September 28, 2016, the Company entered into four consulting agreements with consultants to act in the role of Technology Development Manager, Chief Technology Officer, Corporate Development Officer, and Advisory Director and to provide consulting services as part of the Purchase and Sale Agreement with Mistrin (See Note 4). The term of the agreements shall be one year and shall be a rolling contract until terminated or extended. The Company shall issue each consultant a total of 200,000 shares of common stock per annum to a total of 800,000 shares per annum. The consulting agreements can be terminated after 90 days by either party for any reason and the consultant is entitled to receive the entire consideration. The Company has reflected its issuance of all committed shares related to the consulting agreements as part of the consideration paid pursuant to the Purchase and Sale Agreement with Mistrin (See Note 4). |
GAIN ON SETTLEMENT OF DEBT
GAIN ON SETTLEMENT OF DEBT | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
NOTE 9 - GAIN ON SETTLEMENT OF DEBT | During the year ended March 31, 2016, the Company recorded a gain on settlement of accounts payable of $12,000. |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
NOTE 10 – INCOME TAXES | We did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because we have experienced operating losses since inception. When it is more likely than not that a tax asset cannot be realized through future income the Company must allow for this future tax benefit. We provided a full valuation allowance on the net deferred tax assets, consisting of net operating loss carryforwards and intangible assets, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carryforward period. The Company has not taken a tax position that, if challenged, would have a material effect on the financial statements for the years ended March 31, 2017 and 2016, respectively, under ASC 740. We did not recognize any adjustment to the liability for uncertain tax position and therefore did not record any adjustment to the beginning balance of accumulated deficit on the balance sheet. The Company is subject to United States income taxes at a rate of 34%. Operating loss carry forwards totaled approximately $1,785,000 and $1,504,000, as of March 31, 2017 and 2016, respectively, and will begin to expire in 2032. Deferred tax assets of approximately $953,200 and $511,500, respectively, were offset by a valuation allowance. Actual income tax expense for the years ended March 31, 2017 and 2016 is reconciled from the amount computed by applying the U.S. federal income tax rate of 34% to losses before income taxes as follows: 2017 2016 Expected tax benefit (458,700 ) (55,000 ) Reconciling items: Permanent Differences Stock compensation (17,000 ) 17,000 Change in Valuation Allowance 441,700 38,000 Total tax expense $ - $ - |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
NOTE 11 - SUBSEQUENT EVENTS | On July 3, 2017, the Company issued 73,332 shares of its common stock for cash proceeds of $2,200. On June 12, 2017, the Company issued 117,647 shares of its common stock for cash proceeds of $4,000. |
SIGNIFICANT ACCOUNTING POLICI18
SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Mar. 31, 2017 | |
Significant Accounting Policies Policies | |
USE OF ESTIMATES | The preparation of the Companys financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Companys periodic filings with the Securities and Exchange Commission include, where applicable, disclosures of estimates, assumptions, uncertainties and markets that could affect the financial statements and future operations of the Company. |
CASH AND CASH EQUIVALENTS | Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with original maturities of less than three months, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. The Company had $4,424 and $0 in cash as of March 31, 2017 and 2016, respectively. |
INCOME TAXES | The Company accounts for income taxes under FASB ASC 740 "Income Taxes." |
STOCK-BASED COMPENSATION | The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of FASB ASC 505-50 "Equity - Based Payments to Non-Employees." a b |
NET INCOME OR (LOSS) PER SHARE OF COMMON STOCK | The Company has adopted ASC 260 Earnings per Share, The Company has no potentially dilutive securities, such as options or warrants, currently issued and outstanding. |
RECLASSIFICATION | For comparability, certain prior year amounts have been reclassified, where appropriate, to conform to the financial statement presentation used in 2017. The reclassifications have no impact on net loss. |
INCOME TAXES (Table)
INCOME TAXES (Table) | 12 Months Ended |
Mar. 31, 2017 | |
Income Taxes Table | |
Schedule of income tax expense | 2017 2016 Expected tax benefit (458,700 ) (55,000 ) Reconciling items: Permanent Differences Stock compensation (17,000 ) 17,000 Change in Valuation Allowance 441,700 38,000 Total tax expense $ - $ - |
ORGANIZATION (Details Narrative
ORGANIZATION (Details Narrative) | 12 Months Ended |
Mar. 31, 2017 | |
Organization Details Narrative | |
Date of Incorporation | Dec. 15, 2010 |
State of Incorporation | Nevada |
SIGNIFICANT ACCOUNTING POLICI21
SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | Mar. 31, 2017 | Mar. 31, 2016 |
Significant Accounting Policies Details Narrative | ||
Cash | $ 4,424 |
GOING CONCERN (Details Narrati
GOING CONCERN (Details Narrative) - USD ($) | Mar. 31, 2017 | Mar. 31, 2016 |
Going Concern Details Narrative | ||
Accumulated Deficit | $ (3,918,548) | $ (2,569,399) |
PROPERTY AND EQUIPMENT (Details
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($) | 1 Months Ended | 12 Months Ended | ||||
Apr. 30, 2015 | Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Jul. 15, 2015 | |
Acquired asset price | $ 402,765 | |||||
Loss on sale of assets | $ (159,766) | $ 159,766 | ||||
Selling price of acquired asset | $ 235,000 | |||||
Mortgage note amount | $ 25,000 | |||||
Satisfaction of debt on sale of blueberry farm | 200,000 | |||||
Note Payable | ||||||
Gain on settlement of debt | 12,000 | |||||
Depreciation | $ 461 | |||||
Note Payable [Member] | ||||||
Considration paid | 280,000 | |||||
Cash [Member] | ||||||
Considration paid | $ 122,765 |
INTANGIBLE ASSETS (Details Narr
INTANGIBLE ASSETS (Details Narrative) - USD ($) | Nov. 17, 2016 | Nov. 03, 2016 | Oct. 27, 2016 | Sep. 25, 2016 | Sep. 20, 2016 | Mar. 31, 2017 | Mar. 31, 2016 |
Notes Payable | $ 150,000 | ||||||
Common stock, shares issued | 87,840 | 106,684 | 86,928 | 85,759,911 | 73,399,871 | ||
Common stock, par value | $ 0.001 | $ 0.001 | |||||
Impairment of intangible property | $ 1,018,530 | ||||||
Proceeds from sale of common stock | $ 10,000 | $ 10,000 | $ 10,000 | 70,000 | |||
Selling, general and admin. expenses | 280,619 | $ 123,104 | |||||
Marketing and development expenses | $ 34,000 | ||||||
Agreement [Member] | |||||||
Notes Payable | $ 50,000 | $ 150,000 | |||||
Common stock, shares issued | 10,688,588 | ||||||
Common stock, par value | $ 0.085 | ||||||
Selling, general and admin. expenses | $ 10,000 | ||||||
Assignment agreement [Member] | Ferlin corp [Member] | |||||||
Impairment of intangible property | $ 1,018,530 | ||||||
Proceeds from sale of common stock | $ 40,000 |
RELATED PARTY ADVANCES (Details
RELATED PARTY ADVANCES (Details Narrative) - USD ($) | Mar. 31, 2017 | Nov. 17, 2016 | Nov. 03, 2016 | Oct. 27, 2016 | Jul. 29, 2016 | Jul. 25, 2016 | Jul. 07, 2016 | Mar. 31, 2016 | Dec. 31, 2014 |
Related party advances | $ 10,000 | ||||||||
Common stock, shares issued | 85,759,911 | 87,840 | 106,684 | 86,928 | 73,399,871 | ||||
President [Member] | |||||||||
Common stock, shares issued | 1,000,000 | ||||||||
President [Member] | Notes payable reimbursement [Member] | |||||||||
Related party advances | $ 29,000 | $ 29,000 | |||||||
Common stock, shares issued | 290,000 | ||||||||
President [Member] | Settlement payment reimbursement [Member] | |||||||||
Related party advances | $ 10,000 | ||||||||
Common stock, shares issued | 100,000 |
STOCKHOLDERS' EQUITY (Details N
STOCKHOLDERS' EQUITY (Details Narrative) - USD ($) | Nov. 17, 2016 | Nov. 03, 2016 | Oct. 27, 2016 | Sep. 20, 2016 | Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | Sep. 27, 2016 | Jul. 29, 2016 | Jul. 25, 2016 | Jul. 07, 2016 | Dec. 31, 2014 |
Common stock, par value | $ 0.001 | $ 0.001 | ||||||||||
Common stock, shares issued | 87,840 | 106,684 | 86,928 | 85,759,911 | 73,399,871 | |||||||
Common stock, shares outstanding | 85,759,911 | 73,399,871 | ||||||||||
Related party advances | $ 10,000 | |||||||||||
Proceeds from sale of common stock | $ 10,000 | $ 10,000 | $ 10,000 | 70,000 | ||||||||
Accrued stock payable | $ 50,000 | |||||||||||
Ferlin corp [Member] | Assignment agreement [Member] | ||||||||||||
Proceeds from sale of common stock | $ 40,000 | |||||||||||
Director [Member] | ||||||||||||
Common stock, shares granted | 500,000 | 500,000 | ||||||||||
Common stock, per share value | $ 0.10 | $ 0.50 | ||||||||||
President [Member] | ||||||||||||
Common stock, par value | $ 0.001 | |||||||||||
Common stock, shares issued | 1,000,000 | |||||||||||
Assignment agreement [Member] | Ferlin corp [Member] | ||||||||||||
Common stock, par value | $ 0.001 | $ 0.085 | ||||||||||
Common stock, shares issued | 1,970,588 | 8,718,000 | ||||||||||
Notes payable reimbursement [Member] | President [Member] | ||||||||||||
Common stock, shares issued | 290,000 | |||||||||||
Related party advances | $ 29,000 | $ 29,000 | ||||||||||
Settlement payment reimbursement [Member] | President [Member] | ||||||||||||
Common stock, shares issued | 100,000 | |||||||||||
Related party advances | $ 10,000 | |||||||||||
Subscription Agreements [Member] | ||||||||||||
Common stock, shares issued | 172,996 | |||||||||||
Capital contributions | $ 60,000 |
COMMITMENTS (Details Narrative)
COMMITMENTS (Details Narrative) | 1 Months Ended |
Sep. 28, 2016shares | |
Term of consulting agreement | 1 year |
Common stock, shares issuable under agreement | 800,000 |
Terms and conditions of agreement | The consulting agreements can be terminated after 90 days by either party for any reason and the consultant is entitled to receive the entire consideration. |
Technology development manager [Member] | Consulting agreement [Member] | |
Common stock, shares issuable under agreement | 200,000 |
Chief technology officer [Member] | Consulting agreement [Member] | |
Common stock, shares issuable under agreement | 200,000 |
Corporate development officer [Member] | Consulting agreement [Member] | |
Common stock, shares issuable under agreement | 200,000 |
Advisory director [Member] | Consulting agreement [Member] | |
Common stock, shares issuable under agreement | 200,000 |
GAIN ON SETTLEMENT OF DEBT (Det
GAIN ON SETTLEMENT OF DEBT (Details Narrative) - USD ($) | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Gain On Settlement Of Debt Details Narrative | ||
Gain on settlement of debt | $ 12,000 |
INCOME TAXES (Details)
INCOME TAXES (Details) - USD ($) | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Income Taxes Details | ||
Expected tax benefit | $ (458,700) | $ (55,000) |
Reconciling items: | ||
Permanent Differences Stock compensation | (17,000) | 17,000 |
Change in Valuation Allowance | 441,700 | 38,000 |
Total tax expense |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) - USD ($) | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Income Taxes Details Narrative | ||
Income tax rate | 34.00% | |
Operating loss carry forwards | $ 1,785,000 | $ 1,504,000 |
Operating loss carry forwards expire period | 2,032 | |
Deferred tax assets | $ 953,200 | $ 511,500 |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) - Subsequent Event [Member] - USD ($) | Jul. 03, 2017 | Jun. 12, 2017 |
Common stock, share issued | 73,332 | 117,647 |
Cash proceeds | $ 2,200 | $ 4,000 |