Virtual Interactive Technologies (VRVR) 10-K 15 Jan 20 2019 FY Annual report Financial data

Document Entity and Information

Document Entity and Information - USD ($)	12 Months Ended
	Sep. 30, 2019	Jan. 10, 2020	Mar. 31, 2019
Document Entity And Information
Entity Registrant Name	VIRTUAL INTERACTIVE TECHNOLOGIES CORP.
Entity Central Index Key	0001536089
Document Type	10-K
Document Period End Date	Sep. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding		6,817,784
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2019	Sep. 30, 2018
CURRENT ASSETS:
Cash and cash equivalents	$ 36,136	$ 375,855
Royalties receivable	269,594	178,180
Note receivable, related parties	8,970	8,970
Other assets	2,660	7,120
Total current assets	317,360	570,125
Land and improvements	36,195
Royalty contracts, net of impairment		625,000
TOTAL ASSETS	353,555	1,195,125
CURRENT LIABILITIES:
Accounts payable and accrued liabilities	94,407	62,660
Accounts payable, related party		40,000
Dividends payable		240,000
Notes payable, related party	50,900	25,963
Interest payable, related party	3,371	4,559
Notes payable	10,000
Interest payable	5,484
Total current liabilities	164,162	373,182
LONG-TERM LIABILITIES:
Notes payable, related party	759,000	2,750,000
Interest payable, related party	69,341	271,447
Notes payable	45,000
Total liabilities	1,037,503	3,394,629
Commitments and Contingencies
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, $0.001 par value; 90,000,000 shares authorized, 6,817,484 and 27,640,000 issued and outstanding as of September 30, 2019 and September 30, 2018	6,817	276
Additional paid-in-capital	4,313,011	2,027,354
Accumulated deficit	(5,010,232)	(4,227,145)
Total stockholder's equity (deficit)	(683,948)	(2,199,504)
Total liabilities and stockholders' equity (deficit)	353,555	1,195,125
Series A Preferred Stock [Member]
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock value	500
Series B Convertible Preferred Stock [Member]
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock value	$ 5,956	$ 11

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2019	Sep. 30, 2018
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	90,000,000	90,000,000
Common stock, shares issued	6,817,484	27,640,000
Common stock, shares outstanding	6,817,484	27,640,000
Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	50,000	0
Preferred stock, shares outstanding	50,000	0
Series B Convertible Preferred Stock [Member]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	595,612	1,000,000
Preferred stock, shares outstanding	595,612	1,000,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Revenue - royalties	$ 334,394	$ 249,221
Operating expenses:
General, administrative and selling	334,515	322,663
Research and development	208,116	605,868
Amortization	625,000	1,333,333
Impairment of royalty contract		375,000
Total operating expenses	1,167,631	2,636,864
Loss before other expense	(833,237)	(2,387,643)
Other expense
Interest expense, related party	182,333	152,422
Other expense	7,517	5,995
Total other expense	189,850	158,417
Net loss	$ (1,023,087)	$ (2,546,059)
Loss per share, basic and fully diluted	$ (0.15)	$ (0.37)
Weighted average number of shares outstanding - Basic and fully diluted	6,909,240	6,910,000

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Deficit) - USD ($)	Preferred Stock Series A Convertible [Member]	Preferred Stock Series B Convertible [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Total
Balance at Sep. 30, 2017		$ 11	$ 276	$ 2,027,354	$ (1,561,086)	$ 466,555
Balance, shares at Sep. 30, 2017		1,000,000	27,640,000
Preferred stock series B dividend					(120,000)	(120,000)
Net Income/loss					(2,546,059)	(2,546,059)
Balance at Sep. 30, 2018		$ 11	$ 276	2,027,354	(4,227,145)	(2,199,504)
Balance, shares at Sep. 30, 2018		1,000,000	27,640,000
Stock issued for notes payable, related party		$ 4,993		2,010,970		2,015,963
Stock issued for notes payable, related party, shares		499,286
Stock issued for accrued interest, related party		$ 963		387,974		388,937
Stock issued for accrued interest, related party, shares		96,326
Stock issued in reverse merger			$ 6,175	(6,175)
Stock issued in reverse merger, shares			6,175,000
Stock issued for services			$ 300	900		1,200
Stock issued for services, shares			300,000
Recapitalization	$ 500	$ (11)	$ 66	(108,012)	240,000	132,543
Recapitalization, shares	50,000	(1,000,000)	(27,297,516)
Net Income/loss					(1,023,087)	(1,023,087)
Balance at Sep. 30, 2019	$ 500	$ 5,956	$ 6,817	$ 4,313,011	$ (5,010,232)	$ (683,948)
Balance, shares at Sep. 30, 2019	50,000	595,612	6,817,484

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (1,023,087)	$ (2,546,059)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization	625,000	1,333,333
Stock issued for services	1,200
Impairment of assets		375,000
Changes in operating assets and operating liabilities:
Other assets	4,460	3,002
Royalties receivable	(91,414)	(76,063)
Accounts payable and accrued liabilities	12,178	(60,014)
Accounts payable, related parties	(40,000)	13,842
Accrued interest, related parties	182,272	152,422
Net cash used in operating activities	(329,391)	(804,537)
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash acquired in reverse merger	1,812
Net cash provided by investing activities	1,812
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes payable		741,030
Payment to notes payable, related parties	(10,000)	(10,000)
Redemption of common stock in subsidiary	(22,740)
Redemption of preferred stock in subsidiary	(100)
Proceeds from sale of common stock in subsidiary	20,700
Net cash (used in) provided by financing activities	(12,140)	731,030
Net change in cash and cash equivalents	(339,719)	(73,507)
Cash and cash equivalents, beginning of year	375,855	449,362
Cash and cash equivalents, end of year	36,136	375,855
Supplemental disclosure of cash flow information:
Interest paid
Incomet taxes paid
Non-cash Investing and Financing Activities
Net effect of recapitalization - reverse merger	132,543
Stock issued for note payable, related party	2,015,963
Stock issued for accrued interest, related party	388,937
Accrual of dividends payable		$ 120,000

Nature of Business

Nature of Business	12 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	Note 1 – Nature of Business Nature of Business Advanced Interactive Gaming, Ltd. (“AIG Ltd”) was incorporated in Bermuda on September 19, 2016, and is in the business of assisting in the development of video games through investments and royalty contracts. AIG Ltd had several royalty contracts with video game development companies during the years ended September 30, 2019 and 2018, with more games expected to be rolled out during 2020. On September 24, 2019, AIG Ltd was acquired by Advanced Interactive Gaming, Inc. (“AIG Inc”), a Colorado Corporation, through a reverse recapitalization and share exchange agreement. After the transaction, AIG Ltd became a wholly owned subsidiary of AIG Inc. Virtual Interactive Technologies Corp. (f/k/a Mascota Resources, Corp.) was incorporated in the State of Nevada on November 3, 2011. On September 25, 2019, Mascota Resources, Corp. effected a name change to Virtual Interactive Technologies Corp. (“VIT”), and a 20:1 reverse stock split applicable to all existing VIT shareholders of record. The effects of the split have been retroactively applied to all periods presented. On September 27, 2019, AIG Inc effected a reverse recapitalization via a share exchange agreement with VIT, resulting in AIG Inc becoming a wholly-owned subsidiary of VIT. Plan of Operations The Company has incurred losses since its inception, has limited cash on hand at September 30, 2018, and negative equity. The Company’s plan is to grow significantly over the next few years through strategic game development partnerships, through internal game development and through the acquisition of independent game development companies globally. The Company has taken much of the cash flow from its first royalty agreement and has invested in royalty agreements for the development of several other video games. By continuing to reinvest these royalties into agreements to develop new games, along with actively managing corporate overhead, management’s plan is to substantially increase its video game royalty portfolio and cash flow over the next several years.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies Basis of Presentation and Consolidation The accompanying consolidated financial statements herein contain the operations of VIT and its wholly-owned subsidiaries AIG Inc and AIG Ltd (collectively, the “Company”). Specifically, the operations of AIG Ltd comprise the historical financial statements for the years ended September 30, 2019 and 2018, with the operations of AIG Inc consolidated from the period of September 24, 2019 through September 30, 2019, and the operations of VIT consolidated from the period of September 27, 2018 through September 30, 2019. The Company has elected a fiscal year ending September 30. The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“US GAAP”). All intercompany transactions have been eliminated. The Company’s headquarters are located in Denver, Colorado and substantially all of its customers are outside the United States. Fair Value of Financial Instruments The Company accounts for fair value measurements in accordance with accounting standard ASC 820-10-50, “ Fair Value Measurements.” - Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or 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, either directly or indirectly, for substantially the full term of the financial instrument. - Level 3 inputs to valuation methodology are unobservable and significant to the fair measurement. The Company’s financial instruments consist of cash, accounts receivable, accounts payable and accrued expenses, and notes payable. The carrying value of these financial instruments approximates fair value due to the short-term nature of the instruments. Cash and Cash Equivalents The Company considers all highly liquid instruments purchased with original maturities of three months or less to be cash equivalents. The Company had no cash equivalents at September 30, 2019 or 2018. Royalties Receivable The Company provides an allowance for doubtful accounts equal to the estimated uncollectible amounts. The Company’s estimate is based on historical collection experience and a review of the current status of accounts receivable. It is reasonably possible that the Company’s estimate of the allowance for doubtful accounts will change and that losses ultimately incurred could differ materially from the amounts estimated in determining the allowance. The Company has determined that no allowance is necessary as of September 30, 2019 or 2018. Royalty Contracts and Research and Development Costs The Company enters into agreements with third-party developers that require us to make payments for game development and production services. In exchange for our payments, we receive the exclusive publishing and distribution rights to the finished game titles as well as, in some cases, the underlying intellectual property rights. Such agreements typically allow us to fully recover these payments, plus a profit, to the developers at an agreed-upon royalty rate earned on the subsequent sales of such software, net of any agreed-upon costs. Prior to establishing technological feasibility of a product, we record any costs incurred by third-party developers as research and development expenses. Subsequent to establishing technological feasibility of a product, we capitalize all development and production service payments to third-party developers as royalty contracts. The Company had no capitalizable research and development costs during the years ended September 30, 2019 or 2018. Long-Lived Assets The Company evaluates the recoverability of long-lived assets whenever events or changes in circumstances indicate that an asset’s carrying amount may not be recoverable. Such circumstances could include, but are not limited to, (1) a significant decrease in the market value of an asset, (2) a significant adverse change in the extent or manner in which an asset is used, or (3) an accumulation of costs significantly in excess of the amount originally expected for the acquisition of an asset. The Company compares the carrying amount of the asset against the estimated undiscounted future cash flows associated with it. Should the sum of the expected future net cash flows be less than the carrying value of the asset being evaluated, an impairment loss would be recognized. The impairment loss would be calculated as the amount by which the carrying value of the asset exceeds its estimated fair value. During the periods ended September 30, 2019 and September 30, 2018, the Company recorded impairment charges on royalty contracts of $0 and $375,000, respectively. Revenue Recognition On October 1, 2018, the Company adopted guidance contained in ASC 606, “Revenue Recognition The Company has several contracts with video game developers that entitle us to royalty streams as a percentage of revenues generated by the game sales, which vary from contract to contract. As of September 30, 2019, the Company has four royalty contracts with three developers that are generating royalty revenue, and two royalty contracts for games that are in development. Once a game has been developed and has met the terms of the underlying royalty agreement, the game is released for commercial sales. Per each contract, the Company will receive reports on a regular basis from the game developers’ sales platforms that identify the amount of game sales, from which consideration expected to be collected from the commercial customers is computed based on the applicable royalty percentages. Royalty revenue is based on a percentage of net receipts as defined in each customer agreement, and is recognized in accordance with the sale-based royalty provisions of ASC 606, which requires revenue recognition after the subsequent sales occur. The Company’s performance obligation under each royalty contract as an investor in the game is complete once funds are advanced to the gaming developer. Subsequent consideration is then received by the Company from the developers in the amount of the Company’s percentage fee of royalty income (net receipts) received by the customer. Net receipts include all gross revenues received by the customer as a result of sales of the games or related exploitation less certain taxes, refunds, manufacturing costs, freight, and other items specified in the underlying contract. Foreign Currency The Company’s functional currency is the US dollar. With the exception of stockholders’ equity (deficit), all transactions that are originally denominated in foreign currency are translated to US dollars by our international customers, on a monthly basis, when recognized by them and prior to paying royalties to the Company. All royalty revenues that are received and recognized by the Company are recorded in US dollars. The Company has a Euro currency bank account located in Bermuda. This account is used for payments to vendors that bill the Company in a currency other than US dollars and for funds received from shareholders located outside the United States. As of September 30, 2019 and 2018, the Euro account had a balance of $-0-and 31,270 Euros, the equivalent of $36,729. Foreign currency translation gains/losses are recorded in other accumulated comprehensive income (“AOCI”) based exchange rates prevalent on reporting dates for balance sheet items, and at weighted average exchange rates during the reporting period for the statement of operations. Foreign currency transaction gains/losses are recorded as other expense in the period of settlement. No AOCI items were present during the years ended September 30, 2019 and 2018, as all financial statement items were denominated in the US dollar. Losses from foreign currency transactions during the years ended September 30, 2019 and 2018 totaled $7,517 and $5,995, respectively. Use of Estimates The preparation of financial statements in accordance with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as revenues and expenses reported for the period presented. The most significant estimates relate to the useful life and impairment of intangible assets and allowance for doubtful accounts. The Company regularly will assess these estimates and, while actual results may differ, management believes that the estimates are reasonable. Concentration of Credit Risk Some of our US dollar balances are held in a Bermuda bank that is not insured. As of September 30, 2019 and 2018, uninsured deposits in the Bermuda bank totaled $27,612 and $339,126, respectively. Our management believes that the financial institution is financially sound, and the risk of loss is low. The Company is in the process of migrating its banking to the institutions in the United States, which are insured by the FDIC up to $250,000. Income Taxes The Company did not accrue corporate income taxes for AIG Ltd, as it is incorporated in the country of Bermuda where there is no corporate income tax. The Company will be subject to US Federal and state income taxes commencing the year ended September 30, 2020 due to its recent business combinations with two US companies. Deferred taxes for the VIT (Nevada) and AIG Inc (Colorado) will be provided on a liability method in accordance with ASC 740, “Income Taxes,” Net Income (Loss) Per Share In accordance with ASC 260 “Earnings per Share,” September 30, 2019 September 30, 2018 Basic weighted average shares outstanding 6,909,959 6,910,000 If-converted shares, Series B preferred shares 595,612 1,000,000 Diluted weighted average common shares outstanding 7,413,096 7,910,000 Stock-Based Compensation The Company accounts for equity instruments issued to employees in accordance with the provisions of ASC 718, “Stock Compensation,” “Equity-Based Payments to Non-Employees.” Recent Account Pronouncements The Company has evaluated recently issued or enacted accounting pronouncements, and has determined that all such pronouncements either do not apply or their impact is insignificant to the financial statements.

Royalty Contracts

Royalty Contracts	12 Months Ended
	Sep. 30, 2019
Royalty Contracts
Royalty Contracts	Note 3 - Royalty Contracts The Company has valued their acquired royalty contracts with customers using the “lower of cost or net realizable value” method. Ultimately the market value of the contracts is equal to the present value of the anticipated future cash flow. Royalty contracts are amortized over the life of the contact (generally three-to-five years). Management assesses the value of each royalty contract asset on an annual basis and should it be apparent that the market value of the royalty contract becomes less than the carrying value, the Company would then recognize an impairment of the asset at that time. During the years ended September 30, 2019 and 2018, the Company recognized an impairment on royalty contracts in the amount of $0 and $375,000. Amortization expense on royalty contracts during the years ended September 30, 2019 and 2018 totaled $625,000 and $1,333,333, respectively. Net book value of royalty contract assets at September 30, 2019 and 2018 totaled $0 and $625,000, respectively. The Company has two major royalty agreements (Customer A and Customer B). Customer A represented approximately 33% and 40% of revenues and royalty receivables, respectively, as of and for the year ended September 30, 2018. Customer B represented approximately 50% and 35% of revenues and royalty receivables, respectively, as of and for the year ended September 30, 2018. Customer A represented approximately 50% of revenues and royalty receivables as of and for the year ended September 30, 2019. Customer B represented approximately 30% of revenues and royalty receivables as of and for the year ended September 30, 2019.

Notes Payable, Related Parties

Notes Payable, Related Parties	12 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Notes Payable, Related Parties	Note 4 – Notes Payable, Related Parties Notes Payable, Velocity Capital Ltd On September 30, 2016, the Company issued a $2,000,000, unsecured promissory note to a then-significant shareholder, Velocity Capital Ltd (“Velocity”), for partial payment of a royalty contract acquisition. The note carried an interest rate of 6% per annum, compounding annually, and was scheduled to mature on September 30, 2021. All principal and interest were due at maturity and there was no prepayment penalty for early repayment of the note. No payments had been made on the note, and accrued interest outstanding on the note at September 30, 2018 totaled $248,639. On October 6, 2016 and December 10, 2016, the Company issued unsecured promissory notes in the amounts of $16,463 and $25,000, respectively, to Velocity for payment of operating expenses on the Company’s behalf. The notes carried an interest rate of 6% per annum, compounding annually, and were due on demand. Balances of principal and interest outstanding on the notes at September 30, 2018 totaled $25,963 and $4,559, respectively. During the year ended September 30, 2019, the Company made repayments on these note totaling $10,000. On September 27, 2019, the Company issued to Velocity 595,612 shares of series B preferred stock valued at $4.04 per share as repayment for total principal and interest owed of $2,015,963, and $388,937, resulting in $0 owed to Velocity at September 30, 2019. Notes Payable, Current and Former Executives On March 29, 2018, the Company issued a $750,000, unsecured promissory note to the Company’s CEO for a potential acquisition and working capital. The actual funds received by the Company were $741,030, so $8,970 has been recorded under note receivable, related party. The note carries an interest rate of 6% per annum, compounding annually, and matures on March 29, 2020. All principal and interest are due at maturity and there is no prepayment penalty for early repayment of the note. As of September 30, 2019 and 2018, total balance on the debt was $750,000 and accrued interest on the note totaled $69,341 and $22,808, respectively. During 2017 and 2018, a former executive member of VIT, loaned VIT a total of $29,400 in four separate notes. Additional advances totaling $30,500 were made during the year ended September 30, 2019, resulting in total note balance of $59,900 at September 30, 2019, of which $9,000 was classified as non-current. The notes carry 6% interest rate and mature through October 2022, on which dates principal and interest payments are due in full. At September 30, 2019 accrued interest on the notes totaled $3,371.

Notes Payable

Notes Payable	12 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Notes Payable	Note 5 - Notes Payable On November 20, 2017, VIT issued $45,000 in unsecured notes payable to two unrelated individuals. The notes carry a 6% interest rate and are payable upon the earlier of October 31, 2022 or the sale of the Company’s Anchorage, Alaska property. No payments had been made on the note at September 30, 2019, on which date accrued interest on the note totaled $4,766. On March 20, 2019, an unrelated individual loaned VIT $10,000. The note carries 6% interest rate and is payable March 20, 2020. No payments had been made on the note at September 30, 2019, on which date accrued interest on the note totaled $718. As of September 30, 2019 Short Term Long Term Principal Accrued Interest Total Principal Accrued Interest Total Notes Payable, Related Party Promissory Note - March 29, 2021 $ - - $ 750,000 $ 69,341 819,341 Promissory Note - August 20, 2018 6,900 428 7,328 - - - Promissory Note - September 10, 2018 44,000 2,418 46,418 - - - Promissory Note - November 5, 2018 - - - 4,000 - 4,000 Promissory Note - November 20, 2018 - 525 525 5,000 * 5,000 Subtotal Notes Payable, Related Party $ 50,900 $ 3,371 $ 54,271 $ 759,000 $ 69,341 $ 828,341 Notes Payable Promissory Note - March 20, 2019 $ 10,000 $ 718 10,718 $ - $ - $ - Promissory Note - November 20, 2017 - 2,383 2,383 22,500 - 22,500 Promissory Note - November 20, 2017 - 2,383 2,383 22,500 - 22,500 Subtotal Notes Payable 10,000 5,484 15,484 45,000 - 45,000 Total $ 60,900 $ 8,855 $ 69,755 $ 804,000 $ 69,341 $ 873,431 As of September 30, 2018 Short Term Long Term Principal Accrued Interest Total Principal Accrued Interest Total Notes Payable, Related Party Promissory Note - contract acquisition $ - $ - $ - 2,000,000 $ 248,639 2,248,639 Promissory Note - October 6, 2016 10,963 2,875 13,838 - - - Promissory Note - December 10, 2016 15,000 1,684 16,684 - - - Promissory Note - March 29, 2018 - - 750,000 22,808 772,808 Total $ 25,963 $ 4,559 $ 30,522 $ 2,750,000 $ 271,447 $ 3,021,447 Our future maturities under our debt obligations as of September 30, 2019 are as follows: Contract Less than More Than Name Amount Term 1 Year 2,021 5 Years Promissory Notes 864,900 1 - 5 60,900 804,000 -

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Stockholders' Equity	Note 6 – Stockholders’ Equity Common Stock The Company is authorized to issue 90,000,000 shares of common stock at par value of $0.001. At September 30, 2018, the Company had 27,640,000 shares of AIG Inc common stock issued and outstanding. On September 27, 2019, AIG Inc issued 5,175,000 shares of common stock to various investors, for a $0.04 per share. These shares, plus the 1,000,000 shares of AIG Inc common stock held by the Company’s CEO, were exchanged on a 1-for-1 basis for 6,175,000 shares of VIT common stock issued in connection with the reverse merger between AIG and VIT (Note 9). On September 27, 2019, VIT issued 300,000 shares for services valued at $0.004 a share or $1,200. As a result of the effects of the reverse stock split, recapitalization pursuant to the reverse merger, and current year stock issuances described above, the Company had 6,817,484 shares of common stock issued and outstanding at September 30, 2019. Preferred Stock The Company is authorized to issue 10,000,000 each of Series A and B preferred shares at a par value of $0.01, respectively. At September 30, 2018, the Company had 50,000 shares of Series A preferred stock and 1,000,000 shares of AIG Series B preferred stock. Concurrent with the reverse merger, the AIG Series B preferred stock was returned to the Company and cancelled. At September 30, 2019, the Company had 50,000 of Series A preferred shares 595,612 shares of preferred B stock issued and outstanding. The 50,000 Series A preferred shares currently outstanding are not convertible. On September 27, 2019, The Company issued 595,612 shares of its Series B preferred stock in full payment of outstanding loans and accrued interest totaling $2,404,900 to Velocity Capital (see Note 4). The holders of Series B preferred shares are entitled to dividends (which are not guaranteed), carry one vote per share, and are convertible to common stock on a 1:1 basis at the option of the holder. It has been determined that these convertible preferred shares qualify for permanent equity treatment. The value of the preferred shares issued to Velocity Capital was negotiated to be approximately an 11% discount to the fair value of the Company’s common shares at the time of the merger. Based on a discounted cash flow analysis of the business going forward, the Company and Velocity determined and agreed upon a fair market valuation of the Series B preferred stock of $4.04 per share.

Long-Lived Assets

Long-Lived Assets	12 Months Ended
	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
Long-Lived Assets	Note 7 – Long-Lived Assets As part of the reverse merger between VIT and AIG Inc (Note 9), the Company acquired a parcel of undeveloped land from VIT in Anchorage, Alaska with a fair market value on the merger date of $36,195. In October 2019, the Company sold the property for $36,195.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Note 8 – Related Party Transactions During the years ended September 30, 2019 and 2018, the Company incurred $0 and $40,000, respectively, in contract management services rendered by an affiliate of our CEO. During 2018 and 2019, the Company entered into various notes payable transactions with related parties (see Note 4).

Business Combination

Business Combination	12 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Business Combination	Note 9 – Business Combination On September 27, 2019, AIG Inc and VIT executed an agreement to exchange 6,175,000 shares of VIT for all of its outstanding shares of AIG Inc on a 1:1 basis, thus making AIG a wholly-owned subsidiary of VIT. The quoted price of VIT’s common stock on the purchase date was $.05 per share, or $308,750 total value. The acquisition was accounted for as a reverse merger because (1) AIG has the ability to elect majority of the members of the Board of Directors, (2) the management of the combined entity will consist primarily of management of AIG, and (3) the operations of AIG will be the operations of the combined entity moving forward. The pre-merger assets and liabilities of VIT were brought forward at their fair value which approximated the purchase price. As there was deminimus excess purchase price due to the control premium obtained by VIT stock exchanges between the companies and commensurate deemed values thereof, no intangibles or goodwill were recorded in connection with the business combination. In conjunction with the reverse merger, VIT issued 300,000 shares of common stock to AIG’s CFO for services valued at $1,200, as well as 595,612 shares of Series B preferred stock valued at $4.04 per share to Velocity Capital, Ltd., in satisfaction of $2,404,900 in debts owed by AIG Ltd to Velocity.

Subsequent Events

Subsequent Events	12 Months Ended
	Sep. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 10 - Subsequent Events On October 23, 2019 the Company sold its property in Anchorage, Alaska for $36,195. In conjunction with the sale, the Company entered into settlement agreements with three of its note holders, agreeing to pay a total of $37,000 and issue a total of 300 shares of the Company’s common stock to satisfy all amounts due on six notes that totaled approximately $113,000 of principal and accrued interest due (Note 5). The Company has evaluated events subsequent to the balance sheet date through the date these financial statements were issued and determined that there are no additional events requiring disclosure.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The accompanying consolidated financial statements herein contain the operations of VIT and its wholly-owned subsidiaries AIG Inc and AIG Ltd (collectively, the “Company”). Specifically, the operations of AIG Ltd comprise the historical financial statements for the years ended September 30, 2019 and 2018, with the operations of AIG Inc consolidated from the period of September 24, 2019 through September 30, 2019, and the operations of VIT consolidated from the period of September 27, 2018 through September 30, 2019. The Company has elected a fiscal year ending September 30. The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“US GAAP”). All intercompany transactions have been eliminated. The Company’s headquarters are located in Denver, Colorado and substantially all of its customers are outside the United States.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company accounts for fair value measurements in accordance with accounting standard ASC 820-10-50, “ Fair Value Measurements.” - Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or 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, either directly or indirectly, for substantially the full term of the financial instrument. - Level 3 inputs to valuation methodology are unobservable and significant to the fair measurement. The Company’s financial instruments consist of cash, accounts receivable, accounts payable and accrued expenses, and notes payable. The carrying value of these financial instruments approximates fair value due to the short-term nature of the instruments.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid instruments purchased with original maturities of three months or less to be cash equivalents. The Company had no cash equivalents at September 30, 2019 or 2018.
Royalties Receivable	Royalties Receivable The Company provides an allowance for doubtful accounts equal to the estimated uncollectible amounts. The Company’s estimate is based on historical collection experience and a review of the current status of accounts receivable. It is reasonably possible that the Company’s estimate of the allowance for doubtful accounts will change and that losses ultimately incurred could differ materially from the amounts estimated in determining the allowance. The Company has determined that no allowance is necessary as of September 30, 2019 or 2018.
Royalty Contracts and Research and Development Costs	Royalty Contracts and Research and Development Costs The Company enters into agreements with third-party developers that require us to make payments for game development and production services. In exchange for our payments, we receive the exclusive publishing and distribution rights to the finished game titles as well as, in some cases, the underlying intellectual property rights. Such agreements typically allow us to fully recover these payments, plus a profit, to the developers at an agreed-upon royalty rate earned on the subsequent sales of such software, net of any agreed-upon costs. Prior to establishing technological feasibility of a product, we record any costs incurred by third-party developers as research and development expenses. Subsequent to establishing technological feasibility of a product, we capitalize all development and production service payments to third-party developers as royalty contracts. The Company had no capitalizable research and development costs during the years ended September 30, 2019 or 2018.
Long-Lived Assets	Long-Lived Assets The Company evaluates the recoverability of long-lived assets whenever events or changes in circumstances indicate that an asset’s carrying amount may not be recoverable. Such circumstances could include, but are not limited to, (1) a significant decrease in the market value of an asset, (2) a significant adverse change in the extent or manner in which an asset is used, or (3) an accumulation of costs significantly in excess of the amount originally expected for the acquisition of an asset. The Company compares the carrying amount of the asset against the estimated undiscounted future cash flows associated with it. Should the sum of the expected future net cash flows be less than the carrying value of the asset being evaluated, an impairment loss would be recognized. The impairment loss would be calculated as the amount by which the carrying value of the asset exceeds its estimated fair value. During the periods ended September 30, 2019 and September 30, 2018, the Company recorded impairment charges on royalty contracts of $0 and $375,000, respectively.
Revenue Recognition	Revenue Recognition On October 1, 2018, the Company adopted guidance contained in ASC 606, “Revenue Recognition The Company has several contracts with video game developers that entitle us to royalty streams as a percentage of revenues generated by the game sales, which vary from contract to contract. As of September 30, 2019, the Company has four royalty contracts with three developers that are generating royalty revenue, and two royalty contracts for games that are in development. Once a game has been developed and has met the terms of the underlying royalty agreement, the game is released for commercial sales. Per each contract, the Company will receive reports on a regular basis from the game developers’ sales platforms that identify the amount of game sales, from which consideration expected to be collected from the commercial customers is computed based on the applicable royalty percentages. Royalty revenue is based on a percentage of net receipts as defined in each customer agreement, and is recognized in accordance with the sale-based royalty provisions of ASC 606, which requires revenue recognition after the subsequent sales occur. The Company’s performance obligation under each royalty contract as an investor in the game is complete once funds are advanced to the gaming developer. Subsequent consideration is then received by the Company from the developers in the amount of the Company’s percentage fee of royalty income (net receipts) received by the customer. Net receipts include all gross revenues received by the customer as a result of sales of the games or related exploitation less certain taxes, refunds, manufacturing costs, freight, and other items specified in the underlying contract.
Foreign Currency	Foreign Currency The Company’s functional currency is the US dollar. With the exception of stockholders’ equity (deficit), all transactions that are originally denominated in foreign currency are translated to US dollars by our international customers, on a monthly basis, when recognized by them and prior to paying royalties to the Company. All royalty revenues that are received and recognized by the Company are recorded in US dollars. The Company has a Euro currency bank account located in Bermuda. This account is used for payments to vendors that bill the Company in a currency other than US dollars and for funds received from shareholders located outside the United States. As of September 30, 2019 and 2018, the Euro account had a balance of $-0-and 31,270 Euros, the equivalent of $36,729. Foreign currency translation gains/losses are recorded in other accumulated comprehensive income (“AOCI”) based exchange rates prevalent on reporting dates for balance sheet items, and at weighted average exchange rates during the reporting period for the statement of operations. Foreign currency transaction gains/losses are recorded as other expense in the period of settlement. No AOCI items were present during the years ended September 30, 2019 and 2018, as all financial statement items were denominated in the US dollar. Losses from foreign currency transactions during the years ended September 30, 2019 and 2018 totaled $7,517 and $5,995, respectively.
Use of Estimates	Use of Estimates The preparation of financial statements in accordance with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as revenues and expenses reported for the period presented. The most significant estimates relate to the useful life and impairment of intangible assets and allowance for doubtful accounts. The Company regularly will assess these estimates and, while actual results may differ, management believes that the estimates are reasonable.
Concentration of Credit Risk	Concentration of Credit Risk Some of our US dollar balances are held in a Bermuda bank that is not insured. As of September 30, 2019 and 2018, uninsured deposits in the Bermuda bank totaled $27,612 and $339,126, respectively. Our management believes that the financial institution is financially sound, and the risk of loss is low. The Company is in the process of migrating its banking to the institutions in the United States, which are insured by the FDIC up to $250,000.
Income Taxes	Income Taxes The Company did not accrue corporate income taxes for AIG Ltd, as it is incorporated in the country of Bermuda where there is no corporate income tax. The Company will be subject to US Federal and state income taxes commencing the year ended September 30, 2020 due to its recent business combinations with two US companies. Deferred taxes for the VIT (Nevada) and AIG Inc (Colorado) will be provided on a liability method in accordance with ASC 740, “Income Taxes,”
Net Income (Loss) Per Share	Net Income (Loss) Per Share In accordance with ASC 260 “Earnings per Share,” September 30, 2019 September 30, 2018 Basic weighted average shares outstanding 6,909,959 6,910,000 If-converted shares, Series B preferred shares 595,612 1,000,000 Diluted weighted average common shares outstanding 7,413,096 7,910,000
Stock-Based Compensation	Stock-Based Compensation The Company accounts for equity instruments issued to employees in accordance with the provisions of ASC 718, “Stock Compensation,” “Equity-Based Payments to Non-Employees.”
Recent Account Pronouncements	Recent Account Pronouncements The Company has evaluated recently issued or enacted accounting pronouncements, and has determined that all such pronouncements either do not apply or their impact is insignificant to the financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Schedule of Anti-dilutive Securities from Computation of Common Shares	Net Income (Loss) Per Share In accordance with ASC 260 “Earnings per Share,” September 30, 2019 September 30, 2018 Basic weighted average shares outstanding 6,909,959 6,910,000 If-converted shares, Series B preferred shares 595,612 1,000,000 Diluted weighted average common shares outstanding 7,413,096 7,910,000

Notes Payable (Tables)

Notes Payable (Tables)	12 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Summary of Notes Payable Related Parties	As of September 30, 2019 Short Term Long Term Principal Accrued Interest Total Principal Accrued Interest Total Notes Payable, Related Party Promissory Note - March 29, 2021 $ - - $ 750,000 $ 69,341 819,341 Promissory Note - August 20, 2018 6,900 428 7,328 - - - Promissory Note - September 10, 2018 44,000 2,418 46,418 - - - Promissory Note - November 5, 2018 - - - 4,000 - 4,000 Promissory Note - November 20, 2018 - 525 525 5,000 * 5,000 Subtotal Notes Payable, Related Party $ 50,900 $ 3,371 $ 54,271 $ 759,000 $ 69,341 $ 828,341 Notes Payable Promissory Note - March 20, 2019 $ 10,000 $ 718 10,718 $ - $ - $ - Promissory Note - November 20, 2017 - 2,383 2,383 22,500 - 22,500 Promissory Note - November 20, 2017 - 2,383 2,383 22,500 - 22,500 Subtotal Notes Payable 10,000 5,484 15,484 45,000 - 45,000 Total $ 60,900 $ 8,855 $ 69,755 $ 804,000 $ 69,341 $ 873,431 As of September 30, 2018 Short Term Long Term Principal Accrued Interest Total Principal Accrued Interest Total Notes Payable, Related Party Promissory Note - contract acquisition $ - $ - $ - 2,000,000 $ 248,639 2,248,639 Promissory Note - October 6, 2016 10,963 2,875 13,838 - - - Promissory Note - December 10, 2016 15,000 1,684 16,684 - - - Promissory Note - March 29, 2018 - - 750,000 22,808 772,808 Total $ 25,963 $ 4,559 $ 30,522 $ 2,750,000 $ 271,447 $ 3,021,447
Schedule of Debt Obligations of Future Maturities	Our future maturities under our debt obligations as of September 30, 2019 are as follows: Contract Less than More Than Name Amount Term 1 Year 2,021 5 Years Promissory Notes 864,900 1 - 5 60,900 804,000 -

Nature of Business (Details Nar

Nature of Business (Details Narrative)	Sep. 27, 2019	Sep. 25, 2019	Sep. 19, 2016	Nov. 03, 2011
Reverse stock split		20:1 reverse stock split
Mascota Resources Corp. [Member]
Entity incorporation, state name				State of Nevada
Advanced Interactive Gaming, Inc. [Member]
Entity incorporation, state name			Bermuda
Reverse stock split	1,000,000 shares of AIG Inc common stock held by the Company’s CEO, were exchanged on a 1-for-1 basis for 6,175,000 shares of VIT common stock issued in connection with the reverse merger between AIG and VIT (Note 9).

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative)	12 Months Ended
	Sep. 30, 2019USD ($)shares	Sep. 30, 2018USD ($)shares	Sep. 30, 2018EUR (€)
Cash equivalents
Impairment charges on royalty contracts		375,000
Foreign currency translation	0
Foreign currency equivalent	36,729
Losses from foreign currency transactions	$ (7,517)	$ (5,995)
Series B Convertible Preferred Stock [Member]
Preferred stock, shares issued | shares	595,612	1,000,000
Preferred stock, shares outstanding | shares	595,612	1,000,000
Bermuda Bank [Member]
Uninsured deposits	$ 27,612	$ 339,126
Bermuda Bank [Member] | Maximum [Member]
Insured deposits by FDIC	$ 250,000
Euro [Member]
Foreign currency translation | €			€ 31,270

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Anti-dilutive Securities from Computation of Common Shares (Details) - shares	12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Accounting Policies [Abstract]
Basic weighted average shares outstanding	6,909,959	6,910,000
If-converted shares, Series B preferred shares	595,612	1,000,000
Diluted weighted average common shares outstanding	7,413,096	7,910,000

Royalty Contracts (Details Narr

Royalty Contracts (Details Narrative) - USD ($)	12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Impairment charges on royalty contracts		$ 375,000
Amortization on royalty contracts	625,000	1,333,333
Net book value of royalty contract		$ 625,000
Customer A [Member] | Revenues [Member]
Concentration of risk, percentage	50.00%	33.00%
Customer A [Member] | Royalty Receivables [Member]
Concentration of risk, percentage	50.00%	40.00%
Customer B [Member] | Revenues [Member]
Concentration of risk, percentage	30.00%	50.00%
Customer B [Member] | Royalty Receivables [Member]
Concentration of risk, percentage	30.00%	35.00%

Notes Payable, Related Parties

Notes Payable, Related Parties (Details Narrative) - USD ($)	Sep. 27, 2019	Mar. 29, 2018	Sep. 30, 2016	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017	Dec. 10, 2016	Oct. 06, 2016
Payments of notes payable				$ 10,000	$ 10,000
Accrued interest				5,484
Shares issued price per share	$ 0.004
Actual funds received					741,030
Notes payable related party				50,900	25,963
Note payable related party, noncurrent				$ 759,000	2,750,000
Unsecured Promissory Note [Member] | Notes Payable, Current and Former Executives [Member]
Notes payable		$ 750,000
Interest rate		6.00%		6.00%
Maturity date		Mar. 29, 2020
Accrued interest				$ 3,371
Debt instrument principal				750,000	750,000
Debt instrument interest outstanding				69,341	22,808
Actual funds received		$ 741,030
Notes receivable, related party		$ 8,970
Notes payable related party				50,900
Note payable related party, noncurrent				$ 9,000
Four Separate Notes [Member] | Notes Payable, Current and Former Executives [Member]
Maturity date				Oct. 31, 2022
Notes payable related party					29,400	$ 29,400
Additional advance of related party				$ 30,500
Velocity Capital Ltd [Member] | Unsecured Promissory Note [Member]
Notes payable			$ 2,000,000				$ 25,000	$ 16,463
Interest rate			6.00%				6.00%	6.00%
Maturity date			Sep. 30, 2021
Payments of notes payable				$ 10,000
Accrued interest					248,639
Debt instrument principal	$ 2,015,963				25,963
Debt instrument interest outstanding	388,937				$ 4,559
Due to related party	$ 0
Velocity Capital Ltd [Member] | Unsecured Promissory Note [Member] | Series B Preferred Stock [Member]
Number of common stock shares issued, value	595,612
Shares issued price per share	$ 4.04

Notes Payable (Details Narrativ

Notes Payable (Details Narrative) - USD ($)	Mar. 20, 2019	Sep. 30, 2019	Sep. 30, 2018	Nov. 20, 2017
Accrued interest		$ 5,484
Two Unrelated Individuals [Member] | Unsecured Notes Payable [Member]
Notes payable				$ 45,000
Debt instrument interest rate				6.00%
Accrued interest				$ 4,766
Unrelated Individuals [Member]
Debt instrument interest rate	6.00%
Accrued interest	$ 718
Proceeds from loan	$ 10,000
Maturity date	Mar. 20, 2020

Notes Payable - Summary of Note

Notes Payable - Summary of Notes Payable Related Parties (Details) - USD ($)	Sep. 30, 2019	Sep. 30, 2018
Note payable related party, principal amount, short term	$ 50,900	$ 25,963
Note payable related party, principal amount, long term	759,000	2,750,000
Note payable related party, accrued interest, short term	3,371	4,559
Note payable related party, accrued interest, long term	69,341	271,447
Note payable related party, total, short term	54,271	30,522
Note payable related party, total, long term	828,341	3,021,447
Note payable, principal amount, short term	10,000
Note payable, principal amount, long term	45,000
Note payable, accrued interest, short term	5,484
Note payable, accrued interest, long term
Notes payable, total, short term	15,484
Notes payable, total, long term	45,000
Promissory Note - March 29, 2021 [Member]
Note payable related party, principal amount, short term
Note payable related party, principal amount, long term	750,000
Note payable related party, accrued interest, short term
Note payable related party, accrued interest, long term	69,341
Note payable related party, total, short term
Note payable related party, total, long term	819,341
Promissory Note - August 20, 2018 [Member]
Note payable related party, principal amount, short term	6,900
Note payable related party, principal amount, long term
Note payable related party, accrued interest, short term	428
Note payable related party, accrued interest, long term
Note payable related party, total, short term	7,328
Note payable related party, total, long term
Promissory Note - September 10, 2018 [Member]
Note payable related party, principal amount, short term	44,000
Note payable related party, principal amount, long term
Note payable related party, accrued interest, short term	2,418
Note payable related party, accrued interest, long term
Note payable related party, total, short term	46,418
Note payable related party, total, long term
Promissory Note - November 5, 2018 [Member]
Note payable related party, principal amount, short term
Note payable related party, principal amount, long term	4,000
Note payable related party, accrued interest, short term
Note payable related party, accrued interest, long term
Note payable related party, total, short term
Note payable related party, total, long term	4,000
Promissory Note - November 20, 2018 [Member]
Note payable related party, principal amount, short term
Note payable related party, principal amount, long term	5,000
Note payable related party, accrued interest, short term	525
Note payable related party, accrued interest, long term
Note payable related party, total, short term	525
Note payable related party, total, long term	5,000
Promissory Note - March 20, 2019 [Member]
Note payable, principal amount, short term	10,000
Note payable, principal amount, long term
Note payable, accrued interest, short term	718
Note payable, accrued interest, long term
Notes payable, total, short term	10,718
Notes payable, total, long term
Promissory Note - November 20, 2017 [Member]
Note payable, principal amount, short term
Note payable, principal amount, long term	22,500
Note payable, accrued interest, short term	2,383
Note payable, accrued interest, long term
Notes payable, total, short term	2,383
Notes payable, total, long term	22,500
Promissory Note - November 20, 2017 Two[Member]
Note payable, principal amount, short term
Note payable, principal amount, long term	22,500
Note payable, accrued interest, short term	2,383
Note payable, accrued interest, long term
Notes payable, total, short term	2,383
Notes payable, total, long term	22,500
Promissory Note Payable and Notes Payable Related Party [Member]
Note payable, principal amount, short term	60,900
Note payable, principal amount, long term	804,000
Note payable, accrued interest, short term	8,855
Note payable, accrued interest, long term	69,341
Notes payable, total, short term	69,755
Notes payable, total, long term	$ 873,431
Promissory Note - Contract Acquisition [Member]
Note payable related party, principal amount, short term
Note payable related party, principal amount, long term		2,000,000
Note payable related party, accrued interest, short term
Note payable related party, accrued interest, long term		248,639
Note payable related party, total, short term
Note payable related party, total, long term		2,248,639
Promissory Note - October 6, 2016 [Member]
Note payable related party, principal amount, short term		10,963
Note payable related party, principal amount, long term
Note payable related party, accrued interest, short term		2,875
Note payable related party, accrued interest, long term
Note payable related party, total, short term		13,838
Note payable related party, total, long term
Promissory Note - December 10, 2016 [Member]
Note payable related party, principal amount, short term		15,000
Note payable related party, principal amount, long term
Note payable related party, accrued interest, short term		1,684
Note payable related party, accrued interest, long term
Note payable related party, total, short term		16,684
Note payable related party, total, long term
Promissory Note - March 29, 2018 [Member]
Note payable related party, principal amount, short term
Note payable related party, principal amount, long term		750,000
Note payable related party, accrued interest, short term
Note payable related party, accrued interest, long term		22,808
Note payable related party, total, short term
Note payable related party, total, long term		$ 772,808

Notes Payable - Schedule of Deb

Notes Payable - Schedule of Debt Obligations of Future Maturities (Details) - Promissory Notes [Member]	12 Months Ended
	Sep. 30, 2019USD ($)
Promissory notes, contract amount	$ 864,900
Promissory notes, future maturities, less than 1 year	60,900
Promissory notes, future maturities, 2021	804,000
Promissory notes, future maturities, more than 5 Years
Minimum [Member]
Promissory notes, term	1 year
Maximum [Member]
Promissory notes, term	5 years

Stockholders' Equity (Deficit)

Stockholders' Equity (Deficit) (Details Narrative) - USD ($)	Sep. 27, 2019	Sep. 25, 2019	Sep. 30, 2019	Sep. 30, 2018
Common stock, shares authorized			90,000,000	90,000,000
Common stock, par value			$ 0.001	$ 0.001
Common stock, shares issued			6,817,484	27,640,000
Common stock, shares outstanding			6,817,484	27,640,000
Share issued price per share	$ 0.004
Reverse merger, description		20:1 reverse stock split
Shares issued for services, shares	300,000
Shares issued for services, values	$ 1,200		$ 1,200
Preferred shares, discount rate percentage			11.00%
Series A Preferred Stock [Member]
Preferred Stock, shares authorized			10,000,000	10,000,000
Preferred stock, par value			$ 0.01	$ 0.01
Preferred stock, shares issued			50,000	0
Preferred stock, shares outstanding			50,000	0
Series B Preferred Stock [Member]
Preferred Stock, shares authorized			10,000,000
Preferred stock, par value			$ 0.01
Preferred stock, shares issued			595,612
Preferred stock, shares outstanding			595,612
Estimated fair value of shares			$ 4.04
Advanced Interactive Gaming, Inc. [Member]
Common stock, shares issued				27,640,000
Common stock, shares outstanding				27,640,000
Reverse merger, description	1,000,000 shares of AIG Inc common stock held by the Company’s CEO, were exchanged on a 1-for-1 basis for 6,175,000 shares of VIT common stock issued in connection with the reverse merger between AIG and VIT (Note 9).
Advanced Interactive Gaming, Inc. [Member] | Series A Preferred Stock [Member]
Preferred Stock, shares authorized				50,000
Advanced Interactive Gaming, Inc. [Member] | Series B Preferred Stock [Member]
Preferred Stock, shares authorized				1,000,000
Advanced Interactive Gaming, Inc. [Member] | Various Investors [Member]
Number of common stock shares issued	5,175,000
Share issued price per share	$ 0.04
Velocity Capital [Member] | Series B Preferred Stock [Member]
Number of common stock shares issued	595,612
Reverse merger, description	The holders of Series B preferred shares are entitled to dividends (which are not guaranteed), carry one vote per share, and are convertible to common stock on a 1:1 basis at the option of the holder.
Shares issued during period, values	$ 2,404,900

Long-Lived Assets (Details Narr

Long-Lived Assets (Details Narrative) - USD ($)	1 Months Ended
	Oct. 31, 2019	Sep. 30, 2019	Sep. 30, 2018
Fair market value of land improvements		$ 36,195
Subsequent Event [Member] | Anchorage Alaska [Member]
Proceeds from sale of property	$ 36,195

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	Sep. 30, 2019	Sep. 30, 2018
Related Party Transactions [Abstract]
Accounts payable, related party		$ 40,000
Notes payable, related party

Business Combination (Details N

Business Combination (Details Narrative) - USD ($)	Sep. 27, 2019	Sep. 30, 2019
Shares issued for services, shares	300,000
Shares issued for services, values	$ 1,200	$ 1,200
Share issued price per share	$ 0.004
Advanced Interactive Gaming, Inc. [Member] | Chief Financial Officer [Member]
Shares issued for services, shares	300,000
Shares issued for services, values	$ 1,200
Advanced Interactive Gaming, Inc. [Member] | Share Exchange Agreement [Member]
Number of common stock shares issued	6,175,000
Outstanding shares description	On September 27, 2019, AIG Inc and VIT executed an agreement to exchange 6,175,000 shares of VIT for all of its outstanding shares of AIG Inc on a 1:1 basis, thus making AIG a wholly-owned subsidiary of VIT.
Purchase price per share	$ 0.05
Business combimation total value	$ 308,750
Velocity Capital Ltd [Member] | Series B Preferred Stock [Member]
Number of common stock shares issued	595,612
Share issued price per share	$ 4.04
Shares issued during period, values	$ 2,404,900

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Subsequent Event [Member] - USD ($)	Oct. 23, 2019	Oct. 31, 2019
Settlement Agreements [Member]
Notes payable	$ 37,000
Settlement Agreements [Member] | Satisfaction of Amounts Due on Six Notes [Member]
Number of common stock shares issued	300
Number of common stock shares issued, value	$ 113,000
Anchorage Alaska [Member]
Proceeds from sale of property		$ 36,195