Gen 2 (MNIZ) 10-Q 27 Apr 20 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Oct. 31, 2017	Apr. 27, 2020
Document And Entity Information
Entity Registrant Name	BRK, INC.
Entity Central Index Key	0001532926
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--04-30
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Current Reporting Status	No
Document Period End Date	Oct. 31, 2017
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2018
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding		2,914,983,307
Entity File Number	000-54956
Entity Address Address Line 1	411 Eastgate Rd
Entity Address Address Line 2	Suite A
Entity Address Postal Zip Code	89011
Entity Tax Identification Number	26-2840468
Entity Address City Or Town	Henderson
Local Phone Number	572-8050
City Area Code	702
Entity Address State Or Province	NV
Entity Interactive Data Current	Yes

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Oct. 31, 2017	Apr. 30, 2017
Current assets
Cash and cash equivalents	$ 33,504	$ 32,860
Advance receivable		2,000
Total current assets	33,504	34,860
Total assets	33,504	34,860
Current liabilities
Accounts payable and accrued expense	106,308	55,626
Accrued compensation - related party	224,540	125,340
Convertible notes payable - related party	7,089	7,089
Convertible notes payable - net of discounts	229,298	292,433
Short term debt - related party	46,815	75,690
Short term debt - net of discount	152,053	126,095
Derivative liabilities	285,312	2,444,137
Deferred revenue - related party		10,000
Total current liabilities	1,051,415	3,139,410
Stockholders' deficit
Common stock, par value $0.001, 100,000,000 shares authorized, 69,495,793 and 50,383,200 issued and outstanding as of October 31, 2017, and April 30, 2017 respectively	69,496	50,383
Additional paid-in capital	(1,178,330)	(1,786,532)
Retained earnings (accumulated deficit)	90,923	(1,368,401)
Total stockholders' (deficit)	(1,017,911)	(3,104,550)
Total liabilities and stockholders' equity (deficit)	33,504	34,860
Series A Preferred Stock [Member]
Stockholders' deficit
Preferred shares

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Oct. 31, 2017	Apr. 30, 2017
Stockholders' deficit
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	69,495,793	50,383,200
Common stock, shares outstanding	69,495,793	50,383,200
Series A Preferred Stock [Member]
Stockholders' deficit
Preferred stock, shares authorized	1	1
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2017	Oct. 31, 2016
Operating expenses:
Selling, general and administrative expenses	$ 104,794	$ 685,269	$ 397,772	$ 709,527
Depreciation and amortization		27,150		54,826
Total operating expense	104,794	712,945	397,772	764,353
Loss from operations	(104,794)	(712,945)	(397,772)	(764,353)
Other income (expense)
Other income (expense)	10,000		10,000
Change in fair value of derivative liabilities	5,722		1,957,554
Currency	1,033		1,034
Interest expense	(15,835)	(1,457)	(111,492)	(2,914)
Total other income (expense)	920	(1,457)	1,857,096	(2,914)
Net income (loss)	$ (103,872)	$ (714,402)	$ 1,459,324	$ (767,267)
Net loss per common share basic	$ 0	$ (0.01)	$ 0.02	$ (0.02)
Net loss per common share diluted	$ 0	$ (0.01)	$ 0	$ (0.02)
Weighted average number of common shares outstanding: basic	59,117,385	48,202,765	59,004,965	48,039,722
Weighted average number of common shares outstanding: diluted	59,117,385	48,202,765	225,906,190	48,039,722

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS DEFICIT - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]
Balance, shares at Apr. 30, 2016		43,083,200
Balance, amount at Apr. 30, 2016	$ (361,768)	$ 43,083	$ (9,033)	$ (395,818)
Common stock issued for services, shares		2,000,000
Common stock issued for services, amount	641,445	$ 2,000	639,445
Common stock issued for acquisition of patent application, shares		5,000,000
Common stock issued for acquisition of patent application, amount	1,600,000	$ 5,000	1,595,000
Debt discount	18,555		18,555
Net loss	$ (767,267)			$ (767,267)
Balance, shares at Oct. 31, 2016		50,383,200
Balance, amount at Oct. 31, 2016	$ 1,130,965	$ 50,383	$ (2,243,967)	$ (1,163,085)
Balance, shares at Apr. 30, 2017		50,083,200
Balance, amount at Apr. 30, 2017	$ (3,104,550)	$ 50,083	$ (1,786,532)	$ (1,368,401)
Net loss	1,459,324			$ 1,459,324
Common stock issued for debt conversion, shares		19,112,593
Common stock issued for debt conversion, amount	72,666	$ 19,113	53,553
Issuance of series A preferred shares	237,630		237,630
Change due to conversion of debt	$ 317,020		$ 317,020
Balance, shares at Oct. 31, 2017		69,495,793
Balance, amount at Oct. 31, 2017	$ (1,017,911)	$ 69,496	$ (1,178,330)	$ 90,923

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Cash Flows From Operating Activities:
Net income (loss)	$ 1,459,324	$ (767,267)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization		54,826
Amortization of debt discount	116,112
Gain on derivative liabilities	(1,957,554)
Stock based compensation	237,630	660,000
Legal fees related to debt conversion	1,500
Changes in operating assets and liabilities:
Increase in inventory		(99,192)
Increase in accounts payable and accrued expense	(77,658)	11,190
Prepaid expense	2,000	(7,000)
Deferred revenue	(10,000)
Increase in accrued compensation - related party	224,540	13,440
Net cash used in operating activities	(4,106)	(134,003)
Cash Flows From Financing Activities:
Proceeds from notes payable - related party	4,750	131,150
Repayments of notes - related parties	(26,000)	(150)
Proceeds from notes payable	26,000
Net cash (used in) provided by financing activities	4,750	131,025
Net change in cash	644	(2,978)
Cash at beginning of period	32,860	4,612
Cash at end of period	33,504	1,634
SUPPLEMENT DISCLOSURE
Interest paid
Income taxes paid
NON-CASH TRANSACTIONS
Common stock issued for intangible assets		1,600,000
Common stock issued for debt conversion	72,666
New derivatives charged to debt discount	66,000
Reclass derivative to equity due to conversion of debt	$ 317,019

BASIS OF PRESENTATION AND ORGAN

BASIS OF PRESENTATION AND ORGANIZATION	6 Months Ended
	Oct. 31, 2017
BASIS OF PRESENTATION AND ORGANIZATION
NOTE 1 - BASIS OF PRESENTATION AND ORGANIZATION	BRK, Inc. (“BRK” or the “Company”) was incorporated on May 22, 2008 as a Nevada corporation. The Company has developed a product for the repair of hanging venetian blinds. As part of this development the Company has completed the development and is building a machine to make the parts for blind repair that it is selling. The development and testing of the machine was completed with limited production following and the Company reduced its work in the blind repair kit market space. During the year ended April 30, 2017, the Company terminated the blind repair business and wrote off the equipment related to the line of business. On December 21, 2015, the Company filed, with the Secretary of State of the State of Nevada, a Certificate of Change, effecting a ten-for-one (10:1) forward split of the Company's issued and outstanding shares of common. The forward split took effect on the over-the-counter markets on January 12, 2016. All share and per share amounts herein have been retroactively adjusted to reflect the forward stock split. On May 6, 2016, the Company acquired intangible assets from ISee Automation for 5,000,000 shares of common stock with a fair market value of $1,600,000 based on the Company’s stock price at the date of issuance. The intangible assets consist of a patent application and related know-how, technology and plans to commercialization related to covers the placement of video cameras and supporting equipment into helmets used by various athletics such as hockey. Life video can then be transmitted from the player’s helmet in real time for display on sports events broadcasts. The Company received the RefCam helmets produced by a third party and used the devises to broadcast various hockey events. On or about February 27, 2017, Christopher Stramacchia, President of iSee Automation, notified the Company that it believes that iSee Automation terminated the Agreement for Services. The Company believes that there is no basis in law or equity for iSee Automation to unilaterally decide to terminate the Agreement for Services and plans to enforce its rights thereunder. Since their usage the helmets and their transmitting devices have been held without permission by ISee Automation. As of April 30, 2017, ISee Automation was holding the Helmets and transmission equipment. Based on the lack of access to the Equipment the Company has elected to impair the assets related to the ISee Automation agreement resulting is an amortization charge of $105,133 and impairment of intangible assets of $1,494,867 for the intellectual property. On September 28, 2016, the Company incorporated, in the state of Washington, a wholly owned subsidiary ISEE Sports Inc. Since inception, the subsidiary has not been operational or financially active. On July 7, 2017, the Company incorporated a wholly owned subsidiary 10337188 Canada, Inc. Basis of Presentation These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States. The Company’s fiscal year end is April 30. The interim consolidated financial statements have been prepared without audit in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Securities and Exchange Commission (“SEC”) Form 10-Q. They do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. Therefore, these unaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto for the year ended April 30, 2017 included in its Annual Report on Form 10-K filed with the SEC. The interim consolidated financial statements included herein are unaudited; however, they contain all normal recurring accruals and adjustments that, in the opinion of management, are necessary to present fairly the Company’s consolidated financial position as of October 31, 2017, the consolidated results of its operations and its consolidated cash flows for the three and six months ended October 31, 2017 and 2016. The results of operations for any interim period are not necessarily indicative of the results to be expected for the full fiscal year. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the balance sheet. Actual results could differ from those estimates. Principles of Consolidation The consolidated financial statements of the Company include the Company and its wholly-owned subsidiary ISee Sports, Inc. All material intercompany balances and transactions have been eliminated. Cash and Cash Equivalents BRK considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Revenue Recognition The Company receives revenue though a related party for the use of the Company’s equipment on the broadcasting of hockey games from the ref cam, a camera worn on the helmet of the referees. The revenue is recognized first by a related party which holds the initial agreement with the broadcaster when the event being broadcasted is completed. The related party pays the Company upon receipt of payment from the broadcaster. The revenues are reported on a net basis with the deductions for directs costs being deducted from the revenue. Property, Equipment and Intangible Assets Property and equipment are carried at cost, less accumulated depreciation. Additions are capitalized and maintenance and repairs are charged to expense as incurred. Intangible assets consist of a patent application purchased and is carried at cost, less accumulated amortization. Depreciation and amortization is provided principally on the straight-line basis method over the estimated useful lives of the assets which is estimated at 36 months. Patent applications submitted after June 8, 1995 have duration of 20 years. Due to the potential changes in technology the Company has elected to amortize the patent application over 15 years. Impairment of long-lived assets The Company reviews the carrying value of its long-lived assets annually or whenever events or changes in circumstances indicate that the historical-cost carrying value of an asset may no longer be appropriate. The Company assesses recoverability of the asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Fair value is estimated based upon either discounted cash flow analysis or estimated salvage value. Basic and diluted net income per share Basic and diluted net income per share calculations are calculated on the basis of the weighted average number of common shares outstanding during the year. They include the dilutive effect of common stock equivalents in years with net income. Basic and diluted net income per share is the same due to a net loss for the three and six month period ended October 31, 2016. Basic shares are 59,117,385 and 59,004,965 for the three and six months periods ended October 31, 2017. Diluted shares include the number of shares that may result from the conversion of debt and is measured as of October 31, 2017 at 59,117,385 shares or a total of 225,906,190 for the weighted average, respectively. Income Taxes BRK recognizes deferred tax assets and liabilities based on differences between the financial reporting and tax basis of assets and liabilities using the enacted tax rates and laws that are expected to be in effect when the differences are expected to be recovered. BRK provides a valuation allowance for deferred tax assets for which it does not consider realization of such assets to be more likely than not. Fair Value of Financial Instruments The Company’s financial instruments consist of cash and cash equivalents, accounts payable and accrued expenses and shareholder loans. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. Financial assets and liabilities recorded at fair value in our condensed consolidated balance sheets are categorized based upon a fair value hierarchy established by GAAP, which prioritizes the inputs used to measure fair value into the following levels: Level 1— Quoted market prices in active markets for identical assets or liabilities at the measurement date. Level 2— Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable and can be corroborated by observable market data. Level 3— Inputs reflecting management’s best estimates and assumptions of what market participants would use in pricing assets or liabilities at the measurement date. The inputs are unobservable in the market and significant to the valuation of the instruments. A financial instrument's categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The Company analyzed the conversion option for derivative accounting and beneficial conversion features consideration and noted one variable convertible note qualified as a derivative and thus tainted the fixed conversion notes requiring the notes to accounted for as derivative liabilities Financial assets and liabilities measured at fair value on a recurring basis are summarized below as of April 30, 2017 and October 31, 2017: Level 1 Level 2 Level 3 Total As of April 30, 2017: Assets None Liabilities Derivative liability $ - $ - $ 2,444,137 $ 2,444,137 As of October 31, 2017 Assets None Liabilities Derivative liability $ - $ - $ 285,312 $ 285,312 Beneficial Conversion Features The intrinsic value of a beneficial conversion feature inherent to a convertible note payable, which is not bifurcated and accounted for separately from the convertible note payable and may not be settled in cash upon conversion, is treated as a discount to the convertible note payable. This discount is amortized over the period from the date of issuance to the date the note is due using the effective interest method. If the note payable is retired prior to the end of its contractual term, the unamortized discount is expensed in the period of retirement to interest expense. In general, the beneficial conversion feature is measured by comparing the effective conversion price, after considering the relative fair value of detachable instruments included in the financing transaction, if any, to the fair value of the common shares at the commitment date to be received upon conversion. Recently Issued Accounting Pronouncements In July 2017, the FASB issued ASU No. 2017-11, “Earnings Per Share (Topic 260); Distinguishing Liabilities from Equity (Topic 480); Derivatives and Hedging (Topic 815): (Part I) Accounting for Certain Financial Instruments with Down Round Features, (Part II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception”.

GOING CONCERN

GOING CONCERN	6 Months Ended
	Oct. 31, 2017
GOING CONCERN
NOTE 2 - GOING CONCERN	As shown in the accompanying financial statements, BRK has retained earnings of $90.923 with negative working capital of $1,017,911 as of October 31, 2017. Unless profitability and increases in stockholders’ equity continues, these conditions raise substantial doubt as to BRK’s ability to continue as a going concern. The October 31, 2017 financial statements do not include any adjustments that might be necessary if BRK is unable to continue as a going concern. Management plans to continue to raise funds through debt and equity financing to grow the business to profitability.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Oct. 31, 2017
RELATED PARTY TRANSACTIONS
NOTE 3 - RELATED PARTY TRANSACTIONS	During the three months ended July 31, 2017, the Company recorded $31,700 in compensation payable to the President, Chief Technology Officer and former President. As of July 31, 2017, $157,040 was due to the President. On May 6, 2016, the Company acquired a patent from ISee Automation for 5,000,000 shares of common stock with a value of $1,600,000. Upon the issuance of the shares ISee became a related party. On May 18, 2016, the Company issued a note for $10,000 in cash to a related party. The note is due on demand and bears an interest rate of 8% per annum. On June 24, 2016, the Company repaid $125 on a note payable issued to a related party. On July 1, 2016, the Company issued a note for $3,000 in cash to a related party. The note is due on demand and bears no interest. On July 22, 2016, the Company issued a note for $5,000 in cash to a related party. The note is due on October 20, 2016 and bears no interest. On May 17, 2017, the Company paid one related party $26,000 reducing its note to $37,815. On July 5, 2017, the Company issued a note to a related party for $1,000 in cash. As of October 31, 2017, the balance of notes payable due to related parties was $46,815 and convertible notes payable of $7,089. On June 16, 2017 Brian Keasberry resigned as President of the Company, continued as the Secretary and Treasurer. On June 16, 2017 Danie Serruya was elected President, CEO and a Director of the Company.

EQUITY

EQUITY	6 Months Ended
	Oct. 31, 2017
EQUITY
NOTE 4 - EQUITY	On May 6, 2016, the Company acquired intangible assets from ISee Automation for 5,000,000 shares of common stock with a fair market value of $1,600,000 based on the Company’s stock price at the date of issuance. On May 18, 2017, the Company issued 3,000,000 shares of common stock at $0.0005 to the convertible note holder 0832322 BC, Ltd. for $1,500 of convertible debt. Per the note agreement 300,000 shares were to be issued at $0.005 per share for the $1,500 conversion, however 3,000,000 shares were issued due to the forward 10:1 split of the Company common stock on December 21, 2015 which occurred subsequent to date of the note issuance. On May 18, 2017, the Company issued 1,451,905 shares of common stock at $0.013775 to the convertible note holder JSJ for $20,000 of convertible debt. On June 8, 2017, the Company issued 2,660,000 shares of common stock at $0.01102 to the convertible note holder EMA Financial for $28,563 of convertible debt plus $750 for professional fees. From August 25, 2017 through October 31, 2017 the Company issued 12,000,228 shares of common stock to three entities with a value of $21,853 for the conversion of debt. On June 15, 2017, the Company increased its number of authorized shares to 2,001,000,000 with 1,000,000 designated as preferred shares with a par value of $0.001 and 2,000,000,000 designated as common stock with a par value of $0.001. On June 15, 2017, the Company designated one share of preferred stock as Series A preferred at a par value of $0.001. The series A preferred carries a voting right equal to 110% of the total voting rights of the outstanding common stocks. In addition, the series A shareholders can elect a director. The Series A director must approve any future amendments of the Company’s articles and other activities of the Company. Brian Keasberry was granted one share of Series A preferred stock on June 15, 2017. The fair value of the series A preferred share was independently valued at $237,630 and was accounted for as stock based compensation.

NOTES PAYABLE

NOTES PAYABLE	6 Months Ended
	Oct. 31, 2017
NOTES PAYABLE
NOTE 5 - NOTES PAYABLE	As of October 31, 2017, the Company had outstanding notes payable, net of discount of $152,053 to third parties and $46,815 to related parties.

CONVERTIBLE NOTES

CONVERTIBLE NOTES	6 Months Ended
	Oct. 31, 2017
CONVERTIBLE NOTES
NOTE 6 - CONVERTIBLE NOTES	The Company analyzed the conversion option for derivative accounting and beneficial conversion features consideration under ASC 815-15 “Derivatives and Hedging” and ASC 470-20 “Convertible Securities with Beneficial Conversion Features” and noted one variable convertible note qualified plus tainted the fixed conversion notes requiring the notes to accounted for as derivative liabilities. (See Note 8 - Fair Value Measurement) On July 5, 2017, ISee Sports Inc., a wholly owned subsidiary of the Company issued a $20,000 convertible note to one individual for cash. The convertible note bears interest at 8% per annum, matures on July 4, 2019 and is convertible at the note holders option into shares of the subsidiary ISee sports, Inc at $1.00 per share or into shares of the parent BRK, Inc., at 60% of the average closing price of the common stock of BRK for 10 days immediately prior to conversion. As of October 31, 2017, and April 30, 2017 the Company owes $7,089 in convertible related party notes. The notes bear interest at 0%, are due on demand and are unsecured. The notes are convertible at $0.005 into the Company’s common stock As of October 31, 2017, and April 30, 2017 the Company owed net of unamortized discount of $229,298 and $292,433 respectively, in non-related party convertible promissory notes.

FAIR VALUE MEASUREMENTS AND DER

FAIR VALUE MEASUREMENTS AND DERIVATIVE LIABILITIES	6 Months Ended
	Oct. 31, 2017
FAIR VALUE MEASUREMENTS AND DERIVATIVE LIABILITIES
NOTE 7 - FAIR VALUE MEASUREMENTS AND DERIVATIVE LIABILITIES	As defined in (Financial Accounting Standards Board ASC 820), fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company utilized the market data of similar entities in its industry or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observability of those inputs. FASB ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement). The three levels of the fair value hierarchy are as follows: Level 1 – Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, marketable securities and listed equities. Level 2 – Pricing inputs are other than quoted prices in active markets included in level 1, which are either directly or indirectly observable as of the reported date and includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. Instruments in this category generally include non-exchange-traded derivatives such as commodity swaps, interest rate swaps, options and collars. Level 3 – Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value. The Company analyzed the conversion option for derivative accounting and beneficial conversion features consideration and noted one variable convertible note qualified as a derivative and thus tainted the fixed conversion notes requiring the notes to accounted for as derivative liabilities The following table sets forth by level within the fair value hierarchy the Company’s financial assets and liabilities that were accounted for at fair value as April 30, 2017 and 2016. Recurring Fair Value Measures Level 1 Level 2 Level 3 Total LIABILITIES: Derivative liabilities as of April 30,2017 $ -- $ -- $ 2,444,137 $ 2,444,137 Derivative liabilities as of October 31, 2017 $ -- $ - $ 285,312 $ 285,312 As of October 31, 2017, and April 30, 2017, the aggregate fair value of the outstanding derivative liabilities was $285,312 and $2,444,137, respectively. For the six months period ended October, 31 2017 and 2016, the net gain on the change of fair value was $1,957,554 and zero, respectively. The Company estimated the fair value of the derivative liabilities using the Black Scholes option pricing model using the following key assumptions during the three months period ended October 31, 2017: Expected Dividend 0 % Expected terms .26-1.00 Volatility 215.38% -283.89 % Risk free rate .94% -1.09 % The following table represents the change in the fair value of the derivative liabilities during the three months period ended July 31, 2017, Fair value of derivative liabilities as of April 30, 2017 $ 2,444,137 New derivative charged to debt discount 66,000 Reclassification of derivative to equity due to conversion (267,271 ) Change in fair value of derivatives (1,957,554 ) Fair value of derivative liabilities as of October 31, 2017 $ 285,312

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Oct. 31, 2017
COMMITMENTS AND CONTINGENCIES
NOTE 8 - COMMITMENTS AND CONTINGENCIES	On July 25, 2016, the Company filed with the Securities and Exchange Commission a Current Report on Form 8-K, disclosing, among other things, that pursuant to the terms and conditions that certain Patent Assignment and Technology Transfer Agreement (the “Patent Assignment and Technology Transfer Agreement”), dated May 6, 2016, by and between BRK, Inc., a Nevada corporation (the “Company”) and iSee Automation Inc., a federal Canada corporation (“iSee Automation”), the Company purchased U.S. Patent Application No. 15/079,847, “Helmet System” (the “Patent”) and related technology for a helmet camera system, including intellectual property covered by the Patent. The Patent covers technology designed to wirelessly transmit video images from a small, mobile camera to live broadcast (the “Helmet Camera and Broadcast Technology”). Pursuant to the terms and conditions of the Patent Assignment and Technology Transfer Agreement, the Company issued 5,000,000 shares of common stock to iSee Automation. The U.S. U.S. Patent and Trademark Office subsequently published an Assignment of Abstract of Title, date record July 13, 2017, for conveyance of the Patent from iSee Automation Inc. to BRK, Inc. In connection with the acquisition of the Patent, the Company also entered into that certain Revenue Assignment and Benefit Transfer Agreement, dated September 16, 2016, by and between the Company and iSee Automation (the “Revenue Assignment Agreement”). Under the Revenue Assignment Agreement, iSee Automation is obligated to “deliver to the Company any and all revenues obtained by iSee Automation based on the Helmet Camera patent application previously purchased by BRK from iSee Automation under the Patent Assignment and Technology Transfer Agreement via wire transfer or via direct delivery from customers. Although we have clear title to and no restrictions to use our intellectual property, disputes may arise regarding the Revenue Transfer Agreement, including but not limited to, the scope and duration of payment of royalties’ other interpretation-related issues. On May 17, 2016, the Company entered into that certain Agreement for Services, dated May 17, 2016, by and among the Company, iSee Automation Inc. (Ontario), and Christopher Stramacchia. Pursuant to the terms and conditions of the Agreement for Services, “[any patents derived from the research done jointly and severally by all the above named parties shall be the property of BRK, Inc.,” in consideration for the Company paying $10,000 to iSee Automation (Michigan), which $10,000 the Company paid to iSee Automation (Michigan) on or about May 17, 2016. On or about February 27, 2017, Christopher Stramacchia, President of iSee Automation, notified the Company that it believes that iSee Automation terminated the Agreement for Services. The Company believes that there is no basis in law or equity for iSee Automation to unilaterally decide to terminate the Agreement for Services and plans to enforce its rights thereunder. On or about February 28, 2017, Christopher Stramacchia, President of iSee Automation, notified the Company that it believes that iSee Automation terminated the Revenue Assignment Agreement. The Company believes that there is no basis in law or equity for iSee Automation to unilaterally decide to terminate the Revenue Assignment Agreement and plans to enforce its rights thereunder.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Oct. 31, 2017
SUBSEQUENT EVENTS
NOTE 9 - SUBSEQUENT EVENTS	During the period from November 1, 2017 through April 24, 2020 the Company issued 44,000,000 shares of common stock with value for $22, 000 for service. During the period from November 1, 2017 through April 24, 2020 the Company issued 2,801,487,514 shares of common stock with value for $ 888,550 for the conversion of debt. During the period from November 1, 2017 through April 24, 2020 the Company issued $887,300 in convertible debt and notes.

BASIS OF PRESENTATION AND ORG_2

BASIS OF PRESENTATION AND ORGANIZATION (Policies)	6 Months Ended
	Oct. 31, 2017
BASIS OF PRESENTATION AND ORGANIZATION (Policies)
Basis of Presentation	These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States. The Company’s fiscal year end is April 30. The interim consolidated financial statements have been prepared without audit in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Securities and Exchange Commission (“SEC”) Form 10-Q. They do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. Therefore, these unaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto for the year ended April 30, 2017 included in its Annual Report on Form 10-K filed with the SEC. The interim consolidated financial statements included herein are unaudited; however, they contain all normal recurring accruals and adjustments that, in the opinion of management, are necessary to present fairly the Company’s consolidated financial position as of October 31, 2017, the consolidated results of its operations and its consolidated cash flows for the three and six months ended October 31, 2017 and 2016. The results of operations for any interim period are not necessarily indicative of the results to be expected for the full fiscal year.
Use of Estimates	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the balance sheet. Actual results could differ from those estimates.
Principles of Consolidation	The consolidated financial statements of the Company include the Company and its wholly-owned subsidiary ISee Sports, Inc. All material intercompany balances and transactions have been eliminated.
Cash and Cash Equivalents	BRK considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.
Revenue Recognition	The Company receives revenue though a related party for the use of the Company’s equipment on the broadcasting of hockey games from the ref cam, a camera worn on the helmet of the referees. The revenue is recognized first by a related party which holds the initial agreement with the broadcaster when the event being broadcasted is completed. The related party pays the Company upon receipt of payment from the broadcaster. The revenues are reported on a net basis with the deductions for directs costs being deducted from the revenue.
Property, Equipment and Intangible Assets	Property and equipment are carried at cost, less accumulated depreciation. Additions are capitalized and maintenance and repairs are charged to expense as incurred. Intangible assets consist of a patent application purchased and is carried at cost, less accumulated amortization. Depreciation and amortization is provided principally on the straight-line basis method over the estimated useful lives of the assets which is estimated at 36 months. Patent applications submitted after June 8, 1995 have duration of 20 years. Due to the potential changes in technology the Company has elected to amortize the patent application over 15 years.
Impairment of long-lived assets	The Company reviews the carrying value of its long-lived assets annually or whenever events or changes in circumstances indicate that the historical-cost carrying value of an asset may no longer be appropriate. The Company assesses recoverability of the asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Fair value is estimated based upon either discounted cash flow analysis or estimated salvage value.
Basic and diluted net income per share	Basic and diluted net income per share calculations are calculated on the basis of the weighted average number of common shares outstanding during the year. They include the dilutive effect of common stock equivalents in years with net income. Basic and diluted net income per share is the same due to a net loss for the three and six month period ended October 31, 2016. Basic shares are 59,117,385 and 59,004,965 for the three and six months periods ended October 31, 2017. Diluted shares include the number of shares that may result from the conversion of debt and is measured as of October 31, 2017 at 59,117,385 shares or a total of 225,906,190 for the weighted average, respectively.
Income Taxes	BRK recognizes deferred tax assets and liabilities based on differences between the financial reporting and tax basis of assets and liabilities using the enacted tax rates and laws that are expected to be in effect when the differences are expected to be recovered. BRK provides a valuation allowance for deferred tax assets for which it does not consider realization of such assets to be more likely than not.
Fair Value of Financial Instruments	The Company’s financial instruments consist of cash and cash equivalents, accounts payable and accrued expenses and shareholder loans. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. Financial assets and liabilities recorded at fair value in our condensed consolidated balance sheets are categorized based upon a fair value hierarchy established by GAAP, which prioritizes the inputs used to measure fair value into the following levels: Level 1— Quoted market prices in active markets for identical assets or liabilities at the measurement date. Level 2— Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable and can be corroborated by observable market data. Level 3— Inputs reflecting management’s best estimates and assumptions of what market participants would use in pricing assets or liabilities at the measurement date. The inputs are unobservable in the market and significant to the valuation of the instruments. A financial instrument's categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The Company analyzed the conversion option for derivative accounting and beneficial conversion features consideration and noted one variable convertible note qualified as a derivative and thus tainted the fixed conversion notes requiring the notes to accounted for as derivative liabilities Financial assets and liabilities measured at fair value on a recurring basis are summarized below as of April 30, 2017 and October 31, 2017: Level 1 Level 2 Level 3 Total As of April 30, 2017: Assets None Liabilities Derivative liability $ - $ - $ 2,444,137 $ 2,444,137 As of October 31, 2017 Assets None Liabilities Derivative liability $ - $ - $ 285,312 $ 285,312
Beneficial Conversion Features	The intrinsic value of a beneficial conversion feature inherent to a convertible note payable, which is not bifurcated and accounted for separately from the convertible note payable and may not be settled in cash upon conversion, is treated as a discount to the convertible note payable. This discount is amortized over the period from the date of issuance to the date the note is due using the effective interest method. If the note payable is retired prior to the end of its contractual term, the unamortized discount is expensed in the period of retirement to interest expense. In general, the beneficial conversion feature is measured by comparing the effective conversion price, after considering the relative fair value of detachable instruments included in the financing transaction, if any, to the fair value of the common shares at the commitment date to be received upon conversion.
Recently Issued Accounting Pronouncements	In July 2017, the FASB issued ASU No. 2017-11, “Earnings Per Share (Topic 260); Distinguishing Liabilities from Equity (Topic 480); Derivatives and Hedging (Topic 815): (Part I) Accounting for Certain Financial Instruments with Down Round Features, (Part II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception”.

BASIS OF PRESENTATION AND ORG_3

BASIS OF PRESENTATION AND ORGANIZATION (Table)	6 Months Ended
	Oct. 31, 2017
BASIS OF PRESENTATION AND ORGANIZATION (Policies)
Schedule of fair value assets and liabilities measured on recurring basis	Level 1 Level 2 Level 3 Total As of April 30, 2017: Assets None Liabilities Derivative liability $ - $ - $ 2,444,137 $ 2,444,137 As of October 31, 2017 Assets None Liabilities Derivative liability $ - $ - $ 285,312 $ 285,312

FAIR VALUE MEASUREMENTS AND D_2

FAIR VALUE MEASUREMENTS AND DERIVATIVE LIABILITIES (Tables)	6 Months Ended
	Oct. 31, 2017
FAIR VALUE MEASUREMENTS AND DERIVATIVE LIABILITIES
Schedule of fair value, assets and liabilities	Recurring Fair Value Measures Level 1 Level 2 Level 3 Total LIABILITIES: Derivative liabilities as of April 30,2017 $ -- $ -- $ 2,444,137 $ 2,444,137 Derivative liabilities as of October 31, 2017 $ -- $ - $ 285,312 $ 285,312
Fair value of derivative liabilities	Expected Dividend 0 % Expected terms .26-1.00 Volatility 215.38% -283.89 % Risk free rate .94% -1.09 %
Change in fair value of derivative liabilities	Fair value of derivative liabilities as of April 30, 2017 $ 2,444,137 New derivative charged to debt discount 66,000 Reclassification of derivative to equity due to conversion (267,271 ) Change in fair value of derivatives (1,957,554 ) Fair value of derivative liabilities as of October 31, 2017 $ 285,312

BASIS OF PRESENTATION AND ORG_4

BASIS OF PRESENTATION AND ORGANIZATION (Details) - USD ($)	Oct. 31, 2017	Apr. 30, 2017
Derivative liability	$ 285,312	$ 2,444,137
Level 1 [Member]
Derivative liability
Level 2 [Member]
Derivative liability
Level 3 [Member]
Derivative liability	$ 285,312	$ 2,444,137

BASIS OF PRESENTATION AND ORG_5

BASIS OF PRESENTATION AND ORGANIZATION (Details Narrative) - USD ($)	1 Months Ended		3 Months Ended			6 Months Ended
	Apr. 30, 2017	Dec. 21, 2015	Oct. 31, 2017	Oct. 31, 2016	Jul. 31, 2016	Oct. 31, 2017	Oct. 31, 2016
State of Incorporation						Nevada
Date of Incorporation						May 22, 2008
Forward stock split description		a ten-for-one (10:1)
Common stock issued for patent application, Amount					$ 1,600,000		$ 1,600,000
Weighted average number of common shares outstanding: basic			59,117,385	48,202,765		59,004,965	48,039,722
Weighted average number of common shares outstanding: diluted			59,117,385	48,202,765		225,906,190	48,039,722
Convertible note holder 0832322 BC, Ltd [Member]
Weighted average number of common shares outstanding: diluted						59,117,385
Property, Plant and Equipment [Member]
Estimated useful lives						3 years
Patents [Member]
Estimated useful lives						20 years
Amortization period						15 years
ISee [Member]
Amortization charge	$ 105,133
Impairment of intangible assets	$ 1,494,867
On May 6, 2016 [Member] | ISee [Member]
Common stock issued for patent application, Amount						$ 1,600,000
Common stock issued for patent application, Shares						5,000,000

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	Oct. 31, 2017	Apr. 30, 2017
GOING CONCERN (Details Narrative)
Retained earnings (accumulated deficit)	$ 90,923	$ (1,368,401)
Working capital	$ (1,017,911)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	Jul. 05, 2017	May 17, 2017	Jul. 22, 2016	Jun. 24, 2016	Jul. 31, 2017	Jul. 31, 2016	Oct. 31, 2017	Oct. 31, 2016	Apr. 30, 2017	Jul. 05, 2016	Jul. 01, 2016	May 18, 2016	May 17, 2016
Increase in accrued compensation - related party					$ 31,700	$ 6,740	$ 224,540	$ 13,440
Common stock issued for patent application, Amount						1,600,000		1,600,000
Short term debt - related parties			$ 5,000				$ 46,815		$ 75,690	$ 1,000	$ 3,000	$ 10,000
Interest rate							0.00%		0.00%			8.00%
Repayments of notes - related parties		$ (26,000)		$ (125)		$ (125)	$ (26,000)	$ (150)
Reduced balance of convertable notes		$ 37,815
Convertible notes payable - related party							7,089		$ 7,089
Debt due date			Oct. 20, 2016
Accrued compensation - related party							224,540		$ 125,340
ISee [Member]
Short term debt - related parties	$ 20,000												$ 10,000
Interest rate	8.00%
Debt due date	Jul. 4, 2019
On May 6, 2016 [Member] | ISee [Member]
Common stock issued for patent application, Amount							$ 1,600,000
Common stock issued for patent application, Shares							5,000,000
President [Member]
Accrued compensation - related party					$ 157,040

EQUITY (Details Narrative)

EQUITY (Details Narrative) - USD ($)	2 Months Ended	3 Months Ended	6 Months Ended
	Oct. 31, 2017	Jul. 31, 2016	Oct. 31, 2017	Oct. 31, 2016	Apr. 30, 2017
Preferred shares Authorized	1,000,000		1,000,000		1,000,000
Common stock, par value	$ 0.001		$ 0.001		$ 0.001
Common stock, shares issued	69,495,793		69,495,793		50,383,200
Stock based compensation			$ 237,630	$ 660,000
Common stock issued for patent application, Amount		$ 1,600,000		$ 1,600,000
Series A Preferred Stock [Member]
Preferred shares Authorized	1		1		1
Three Entity [Member]
Common stock, shares issued	12,000,228
Common stock, shares issued, amount	$ 21,853
On May 6, 2016 [Member] | ISee [Member]
Common stock issued for patent application, Shares			5,000,000
Common stock issued for patent application, Amount			$ 1,600,000
On December 21, 2015 [Member]
Forward split			10:1
On May 18, 2017 [Member] | Convertible note holder 0832322 BC, Ltd [Member]
Common stock, shares issued	3,000,000		3,000,000
Convertible debt	$ 1,500		$ 1,500
Common stock price per share			$ 0.0005
Agreed price per share			$ 0.005
Common stock issuable	300,000		300,000
On May 18, 2017 [Member] | JSJ [Member]
Common stock, shares issued	1,451,905		1,451,905
Convertible debt	$ 20,000		$ 20,000
Common stock price per share			$ 0.013775
On June 8, 2017 [Member] | EMA Financial [Member]
Common stock, shares issued	2,660,000		2,660,000
Convertible debt	$ 28,563		$ 28,563
Common stock price per share			$ 0.01102
Professional fees			$ 750
On June 15, 2017 [Member]
Preferred shares Authorized	2,001,000,000		2,001,000,000
Common stock, par value	$ 0.001		$ 0.001
Preferred shares designated	1,000,000		1,000,000
Preferred shares par value	$ 0.001		$ 0.001
Common stock shares designated	2,000,000,000		2,000,000,000
On June 15, 2017 [Member] | Series A Preferred Stock [Member]
Preferred shares Authorized	1		1
Preferred shares par value	$ 0.001		$ 0.001
Preferred Stock, Voting Rights Percentage	110.00%		110.00%

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)	Oct. 31, 2017	Apr. 30, 2017	Jul. 22, 2016	Jul. 05, 2016	Jul. 01, 2016	May 18, 2016
NOTES PAYABLE
Short term debt- net of amortized discount	$ 152,053	$ 126,095
Short term debt - related party	$ 46,815	$ 75,690	$ 5,000	$ 1,000	$ 3,000	$ 10,000

CONVERTIBLE NOTES PAYABLE (Deta

CONVERTIBLE NOTES PAYABLE (Details Narrative) - USD ($)	Jul. 05, 2017	Jul. 22, 2016	Oct. 31, 2017	Apr. 30, 2017	Jul. 05, 2016	Jul. 01, 2016	May 18, 2016	May 17, 2016
Convertible notes payable - related party			$ 7,089	$ 7,089
Interest rate			0.00%	0.00%			8.00%
Convertible debt conversion price			$ 0.005	$ 0.005
Convertible notes payable -net of unamortized discount			$ 229,298	$ 292,433
Short term debt - related party		$ 5,000	$ 46,815	$ 75,690	$ 1,000	$ 3,000	$ 10,000
Debt due date		Oct. 20, 2016
ISee [Member]
Interest rate	8.00%
Convertible debt conversion price	$ 1
Short term debt - related party	$ 20,000							$ 10,000
Debt due date	Jul. 4, 2019
Convertible debt conversion description	The convertible note bears interest at 8% per annum, matures on July 4, 2019 and is convertible at the note holders option into shares of the subsidiary ISee sports, Inc at $1.00 per share or into shares of the parent BRK, Inc., at 60% of the average closing price of the common stock of BRK for 10 days immediately prior to conversion.

FAIR VALUE MEASUREMENTS AND D_3

FAIR VALUE MEASUREMENTS AND DERIVATIVE LIABILITIES (Details) - USD ($)	Oct. 31, 2017	Apr. 30, 2017
Derivative liabilities	$ 285,312	$ 2,444,137
Level 1 [Member]
Derivative liabilities
Level 2 [Member]
Derivative liabilities
Level 3 [Member]
Derivative liabilities	$ 285,312	$ 2,444,137

FAIR VALUE MEASUREMENTS AND D_4

FAIR VALUE MEASUREMENTS AND DERIVATIVE LIABILITIES (Details 1)	6 Months Ended
	Oct. 31, 2017
Expected Dividend	0.00%
Minimum [Member]
Expected terms	3 months 4 days
Volatility	215.38%
Risk free rate	0.94%
Maximum [Member]
Expected terms	1 year
Volatility	283.89%
Risk free rate	1.09%

FAIR VALUE MEASUREMENTS AND D_5

FAIR VALUE MEASUREMENTS AND DERIVATIVE LIABILITIES (Details 2) - USD ($)	3 Months Ended	6 Months Ended
	Oct. 31, 2017	Oct. 31, 2017	Oct. 31, 2016
FAIR VALUE MEASUREMENTS AND DERIVATIVE LIABILITIES
Fair value of derivative liabilities as of April 30, 2017		$ 2,444,137
New derivative charged to debt discount		66,000
Reclassification of derivative to equity due to conversion		(267,271)
Gain on derivative liabilities	$ (5,722)	(1,957,554)
Fair value of derivative liabilities as of October 31, 2017		$ 285,312

FAIR VALUE MEASUREMENTS AND D_6

FAIR VALUE MEASUREMENTS AND DERIVATIVE LIABILITIES (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended
	Oct. 31, 2017	Oct. 31, 2017	Oct. 31, 2016	Apr. 30, 2017
FAIR VALUE MEASUREMENTS AND DERIVATIVE LIABILITIES
Derivative liabilities	$ 285,312	$ 285,312		$ 2,444,137
Change in fair value of derivative liabilities	$ 5,722	$ 1,957,554

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	6 Months Ended
	Oct. 31, 2017	Jul. 05, 2017	Apr. 30, 2017	Jul. 22, 2016	Jul. 05, 2016	Jul. 01, 2016	May 18, 2016	May 17, 2016
Short term debt - related party	$ 46,815		$ 75,690	$ 5,000	$ 1,000	$ 3,000	$ 10,000
ISee [Member]
Short term debt - related party		$ 20,000						$ 10,000
On May 6, 2016 [Member] | ISee [Member]
Common stock issued for patent application, Shares	5,000,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - Subsequent Event [Member]	30 Months Ended
	Apr. 24, 2020USD ($)shares
Common stock, shares issued, amount	$ 22,000
Common stock, shares issued | shares	44,000,000
Common stock, shares issued for conversion of debt, shares | shares	2,801,487,514
Common stock, shares issued for conversion of debt, amount	$ 888,550
Convertible Debt and notes issued	$ 887,300