Virtual Interactive Technologies (VRVR) 10-K 29 Dec 20 2020 FY Annual report Financial data

Document Entity and Information

Document Entity and Information - USD ($)	12 Months Ended
	Sep. 30, 2020	Dec. 28, 2020	Mar. 31, 2020
Cover [Abstract]
Entity Registrant Name	VIRTUAL INTERACTIVE TECHNOLOGIES CORP.
Entity Central Index Key	0001536089
Document Type	10-K
Document Period End Date	Sep. 30, 2020
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 Shell Company	false
Entity Public Float			$ 16,567,215
Entity Common Stock, Shares Outstanding		6,817,784
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2020

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2020	Sep. 30, 2019
CURRENT ASSETS:
Cash and cash equivalents	$ 36,244	$ 36,136
Royalties receivable	171,096	269,594
Interest receivable	1,586
Notes receivable	25,000
Notes receivable, related party		8,970
Other assets		2,660
Total current assets	233,926	317,360
Land and improvements		36,195
TOTAL ASSETS	233,926	353,555
CURRENT LIABILITIES:
Accounts payable and accrued liabilities	7,070	94,407
Accounts payable, related party	9,994
Notes payable, related party		50,900
Interest payable, related party		3,371
Notes payable, current maturities	10,000	10,000
Interest payable	921	5,484
Total current liabilities	27,985	164,162
LONG-TERM LIABILITIES:
Note payable, related party	741,030	759,000
Interest payable, related party	118,263	69,341
Notes payable		45,000
Total long-term liabilities	859,293	873,341
Total liabilities	887,278	1,037,503
Commitments and contingencies
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, $ 0.001 par value; 90,000,000 shares authorized, 6,817,784 and 6,817,484 shares issued and outstanding as of September 30, 2020 and September 30, 2019, respectively	6,817	6,817
Additional paid-in-capital	4,353,430	4,313,011
Accumulated deficit	(5,020,055)	(5,010,232)
Total stockholders' equity (deficit)	(653,352)	(683,948)
Total liabilities and stockholders' equity (deficit)	233,926	353,555
Series A Preferred Stock [Member]
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock, value	500	500
Series B Convertible Preferred Stock [Member]
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock, value	$ 5,956	$ 5,956

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2020	Sep. 30, 2019
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	90,000,000	90,000,000
Common stock, shares issued	6,817,784	6,817,484
Common stock, shares outstanding	6,817,784	6,817,484
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	50,000
Preferred stock, shares outstanding	50,000	50,000
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	595,612
Preferred stock, shares outstanding	595,612	595,612

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Income Statement [Abstract]
Revenue - royalties	$ 256,396	$ 334,394
Operating expenses:
General, administrative and selling	274,094	334,515
Research and development	23,035	208,116
Amortization		625,000
Total operating expenses	297,129	1,167,631
Loss before other income (expense)	(40,733)	(833,237)
Other income (expense)
Other income	3,130
Gain on settlement of debt	77,118
Interest expense	(49,669)	(182,333)
Gain (loss) on foreign currency transactions	331	(7,517)
Total other income (expense)	30,910	(189,850)
Net loss	$ (9,823)	$ (1,023,087)
Loss per share, basic and fully diluted	$ 0	$ (0.15)
Weighted average number of shares outstanding, basic and fully diluted	6,817,784	6,909,240

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, 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 payable, related party		$ 963		387,974		388,937
Stock issued for accrued interest payable, related party, shares		96,326
Recapitalization	$ 500	$ (11)	$ 66	(108,012)	240,000	132,543
Recapitalization, shares	50,000	(1,000,000)	(27,297,516)
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
Net 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
Stock issued for services						300
Stock issued for notes payable				333		333
Stock issued for notes payable, shares			238
Stock issued for accrued interest payable				86		86
Stock issued for accrued interest payable, shares			62
Forgiveness of accruals, related party				40,000		40,000
Net loss					(9,823)	(9,823)
Balance at Sep. 30, 2020	$ 500	$ 5,956	$ 6,817	$ 4,353,430	$ (5,020,055)	$ (653,352)
Balance, shares at Sep. 30, 2020	50,000	595,612	6,817,784

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (9,823)	$ (1,023,087)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Amortization		625,000
Stock issued for services		1,200
Gain on settlement of debt	(77,118)
Changes in operating assets and operating liabilities:
Other assets	2,660	4,460
Royalties receivable	98,498	(91,414)
Accounts payable and accrued liabilities	(87,337)	12,178
Accounts payable, related parties	49,994	(40,000)
Accrued interest note receivable	(1,586)
Accrued interest payable, related parties	50,129	182,272
Accrued interest payable	(504)
Net cash provided by (used in) operating activities	24,913	(329,391)
CASH FLOWS FROM INVESTING ACTIVITIES:
Sale of land	36,195
Cash acquired in reverse merger		1,812
Advances to related parties	(25,000)
Net cash provided by investing activities	11,195	1,812
CASH FLOWS FROM FINANCING ACTIVITIES:
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
Payments on notes payable	(32,000)
Payments on notes payable, related parties	(4,000)	(10,000)
Net cash used in financing activities	(36,000)	(12,140)
Net change in cash and cash equivalents	108	(339,719)
Cash and cash equivalents, beginning of period	36,136	375,855
Cash and cash equivalents, end of period	35,199	36,136
Supplemental disclosure of cash flow information:
Interest paid	248
Income taxes paid
Non-cash Investing and Financing Activities:
Forgiveness of accruals, related party	40,000
Stock issued for note payable, related parties		2,015,963
Stock issued for accrued interest, related parties		388,937
Stock issued for note payable	333
Stock issued for accrued interest	86
Net effect of recapitalization - reverse merger		$ 132,543

Nature of Business

Nature of Business	12 Months Ended
	Sep. 30, 2020
Accounting Policies [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 past three years. 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, 2020, 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, 2020
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”) for the periods ended September 30. 2020 and 2019. 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, royalties receivable, notes receivable and related accrued interest 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, 2020 or 2019. 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, 2020 or 2019. 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, 2020 or 2019. 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, 2020 and September 30, 2019, the Company recorded impairment charges on royalty contracts of $0 and $0, 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, 2020, 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, 2020 and 2019, the Euro account had a balance of $0 and $0 Euros. 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, 2020 and 2019, as all financial statement items were denominated in the US dollar. Gains (losses) from foreign currency transactions during the years ended September 30, 2020 and 2019 totaled $331 and ($7,517), 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, 2020 and 2019, uninsured deposits in the Bermuda bank totaled $20,649 and $27,612, 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 during the year ended September 30, 2019, as it is incorporated in the country of Bermuda where there is no corporate income tax. The Company is subject to US Federal and state income taxes commencing the year ended September 30, 2020 due to its business combinations with two US companies in September 2019. Deferred taxes for the VIT (Nevada) and AIG Inc (Colorado) are 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, 2020 September 30, 2019 Basic weighted average shares outstanding 6,817,784 6,909,959 If-converted shares, Series B preferred shares 595,612 595,612 Diluted weighted average common shares outstanding 7,413,096 7,505,571 Stock-Based Compensation The Company accounts for equity instruments issued to employees and non-employees in accordance with the provisions of ASC 718, “Stock Compensation.” Recent Account Pronouncements The Company has evaluated all other 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. COVID-19 Uncertainties The COVID-19 pandemic could have an impact on our ability to obtain financing to fund the operations. The Company is unable to predict the ultimate impact at this time.

Royalty Contracts

Royalty Contracts	12 Months Ended
	Sep. 30, 2020
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, 2020 and 2019, the Company recognized an impairment on royalty contracts in the amount of $0 and $0. Amortization expense on royalty contracts during the years ended September 30, 2020 and 2019 totaled $0 and $625,000, respectively. Net book value of royalty contract assets at September 30, 2020 and 2019 totaled $0 and $0, respectively. The Company has three major royalty agreements (Customer A, Customer B and Customer C). Customer A represented approximately 30% and 30% of revenues and royalty receivables, respectively, as of and for the year ended September 30, 2019. Customer B represented approximately 54% and 48% of revenues and royalty receivables, respectively, as of and for the year ended September 30, 2019. Customer C represented approximately 16% and 22% of revenues and royalty receivables, respectively, as of and for the year ended September 30, 2019. Customer A represented approximately 31% and 31% of revenues and royalty receivables as of and for the year ended September 30, 2020. Customer B represented approximately 46% and 14% of revenues and royalty receivables as of and for the year ended September 30, 2020. Customer C represented approximately 22% and 54% of revenues and royalty receivables as of and for the year ended September 30, 2020.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Sep. 30, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Note 4 – Related Party Transactions Accounts Payable, Related Party During the years ended September 30, 2020 and September 30, 2019, the Company incurred $35,000 and $120,000, respectively, in contract management services rendered by an affiliate of our CEO. As of September 30, 2020 and September 30, 2019, the Company owed $0 and $0, respectively, for these services. During the year ended September 30, 2019 the Company had accrued $40,000 of contract management services payable to our CEO that was forgiven and was written off against additional paid in capital as of September 30, 2020. During the years ended September 30, 2020 and 2019, the Company incurred $96,000 and $60,000, respectively, in contract management services rendered by an affiliate of our CFO. As of September 30, 2020 and 2019, the Company owed $9,994 and $0, respectively, for these services. Notes Payable, Related Party 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, with $8,970 recorded under note receivable, related party as of September 30, 2019. As of September 30, 2020, the Company applied the $8,970 that was recorded as a note receivable to the outstanding promissory note. The Company amended the note payable principal to $741,030 to correspond with the funds actually received. The note carries an interest rate of 6% per annum, compounding annually, and matures on December 31, 2022. All principal and interest are due at maturity and there is no prepayment penalty for early repayment of the note. As of September 30, 2020 and September 30, 2019, total balance on the debt was $741,030 and $750,000 and accrued interest of $118,263 and $69,341, respectively. From 2017 to 2019, a former executive member of VIT, (not considered a related party as of September 30, 2020), loaned VIT a total of $59,900. The notes carried a 6% interest rate and matured through October 2022, on which dates principal and interest payments were due in full. At September 30, 2019, accrued interest on the notes totaled $3,371. On October 23, 2019 the Company sold its property in Anchorage, Alaska for $36,195. On October 29, 2019, the Company paid $4,000 in cash and issued 100 shares of common stock for the remaining balance of the notes payable of $55,900 and accrued interest of $3,656. The fair value of the 100 shares of stock was approximately $1.40 a share, or $139. This resulted in a gain on forgiveness of debt of $59,417. Due to the former executive no longer being a related party of the Company on date the note was paid off, the gain was recognized in other income. Notes payable, related party summary: As of September 30, 2020 Short Term Long Term Principal Accrued Interest Total Principal Accrued Interest Total Notes Payable, Related Party Promissory Note - December 31, 2022 $ - $ - 741,030 $ 118,263 859,292 Total Notes Payable, Related Party $ - $ - $ - $ 741,030 $ 118,263 $ 859,292 As of September 30, 2019 Short Term Long Term Principal Accrued Interest Total Principal Accrued Interest Total Notes Payable, Related Party Promissory Note - December 31, 2022 $ - - $ 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 Total Notes Payable, Related Party $ 50,900 $ 3,371 $ 54,271 $ 759,000 $ 69,341 $ 828,341

Notes Payable

Notes Payable	12 Months Ended
	Sep. 30, 2020
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 carried a 6% interest rate and were payable upon the earlier of October 31, 2022 or the sale of the Company’s Anchorage, Alaska property. On October 23, 2019 the Company sold its property in Anchorage, Alaska for $36,195. On October 29, 2019, the Company paid $32,000 in cash and issued 200 shares of common stock for the remaining balance on the notes payable of $13,000 and accrued interest of $4,981. The fair value of the 200 shares of stock was $1.40 a share or $280. This resulted in a gain on extinguishment of debt of $17,701. 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 through September 30, 2020. Accrued interest on the note totaled $921 and $718 at September 30, 2020 and September 30, 2019, respectively. Notes payable summary: As of September 30, 2020 Short Term Long Term Principal Accrued Interest Total Principal Accrued Interest Total Notes Payable Promissory Note - March 20, 2019 $ 10,000 $ 921 10,921 $ - $ - $ - Total Notes Payable $ 10,000 $ 921 $ 10,921 $ - $ - $ - As of September 30, 2019 Short Term Long Term Principal Accrued Interest Total Principal Accrued Interest Total 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 Total Notes Payable $ 10,000 $ 5,484 $ 15,484 $ 45,000 $ - $ 45,000 Our future maturities under our debt obligations as of September 30, 2020 are as follows: Contract Less than More Than Name Amount Term 1 Year 5 Years Promissory Notes $ 10,000 1 - 5 10,000 -

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Sep. 30, 2020
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, 2020 and 2019, the Company had 6,817,784 and 6,817,484, respectively, shares of common stock issued and outstanding. During the year ended September 30, 2020, the Company issued 300 shares of common stock as part of a payoff on notes payable and accrued interest. Of the 300 shares issued, 100 shares were issued to a related party for notes payable and accrued interest. 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, 2020 and 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.

Long-Lived Assets

Long-Lived Assets	12 Months Ended
	Sep. 30, 2020
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 8), 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.

Business Combination

Business Combination	12 Months Ended
	Sep. 30, 2020
Business Combinations [Abstract]
Business Combination	Note 8 – 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.

Note Receivable

Note Receivable	12 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Note Receivable	Note 9. Note Receivable On December 11, 2019, the Company issued a $25,000, unsecured promissory note receivable to a non-related entity. The note carries an interest rate of 6% per annum and is due on demand. There is no prepayment penalty for early repayment of the note. Accrued interest on the note totaled $1,586 at September 30, 2020.

Provision for Income Taxes

Provision for Income Taxes	12 Months Ended
	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Provision for Income Taxes	Note 10 – Provision for Income Taxes The Company provides for income taxes under ASC 740, ”Income Taxes.” The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate of 21% to the net loss before provision for income taxes for the following reasons: Net deferred tax assets consist of the following components as of: Period Ended September 30, 2020 Income tax expense at statutory rate $ 2,063 Valuation allowance (2,063 ) Income tax expense per books $ - Period Ended September 30, 2020 NOL Carryover $ 2,063 Valuation allowance (2,063 ) Net deferred tax asset $ - As of September 30, 2020, the Company had approximately $2,063 of net operating losses (“NOL”) carried forward to offset taxable income in future years which expire commencing in fiscal 2039. There were no NOLs generated in tax years prior to September 30, 2019. NOLs generated after September 30, 2019 can be carried forward indefinitely. NOL carry forwards may be subject to an annual limitation due to ownership change limitations that may have occurred or that could occur in the future, as required by Section 382 of the Internal Revenue Code of 1986, as amended (the “Code”). These ownership changes may limit the amount of the NOL carry forwards that can be utilized annually to offset future taxable income and tax, respectively. In general, an “ownership change” as defined by Section 382 of the Code results from a transaction or series of transactions over a three-year period resulting in an ownership change of more than 50 percentage points of the outstanding stock of a company by certain stockholders.

Subsequent Events

Subsequent Events	12 Months Ended
	Sep. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Note 11 - Subsequent Events On November 20, 2020, the Company invested $7,500 in a Convertible Note from 3GTK, LLC, a Delaware Company developing The Mine Life, a freemium gaming concept that combines online auctions and gift card purchasing. The note matures on November 20, 2022, carries a 4% interest rate and is convertible into 1.25% of 3GTK, LLC at the Company’s option. The Company has evaluated events occurring from September 30, 2020 through the date of the issuance of these financial statements, and noted no additional events requiring disclosure.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Sep. 30, 2020
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”) for the periods ended September 30. 2020 and 2019. 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, royalties receivable, notes receivable and related accrued interest 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, 2020 or 2019.
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, 2020 or 2019.
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, 2020 or 2019.
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, 2020 and September 30, 2019, the Company recorded impairment charges on royalty contracts of $0 and $0, 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, 2020, 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, 2020 and 2019, the Euro account had a balance of $0 and $0 Euros. 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, 2020 and 2019, as all financial statement items were denominated in the US dollar. Gains (losses) from foreign currency transactions during the years ended September 30, 2020 and 2019 totaled $331 and ($7,517), 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, 2020 and 2019, uninsured deposits in the Bermuda bank totaled $20,649 and $27,612, 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 during the year ended September 30, 2019, as it is incorporated in the country of Bermuda where there is no corporate income tax. The Company is subject to US Federal and state income taxes commencing the year ended September 30, 2020 due to its business combinations with two US companies in September 2019. Deferred taxes for the VIT (Nevada) and AIG Inc (Colorado) are 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, 2020 September 30, 2019 Basic weighted average shares outstanding 6,817,784 6,909,959 If-converted shares, Series B preferred shares 595,612 595,612 Diluted weighted average common shares outstanding 7,413,096 7,505,571
Stock-Based Compensation	Stock-Based Compensation The Company accounts for equity instruments issued to employees and non-employees in accordance with the provisions of ASC 718, “Stock Compensation.”
Recent Account Pronouncements	Recent Account Pronouncements The Company has evaluated all other 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.
COVID-19 Uncertainties	COVID-19 Uncertainties The COVID-19 pandemic could have an impact on our ability to obtain financing to fund the operations. The Company is unable to predict the ultimate impact at this time.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Schedule of Anti-dilutive Securities from Computation of Common Shares	These potentially dilutive securities were excluded from the EPS computation due to their anti-dilutive effect resulting from the Company’s net losses. September 30, 2020 September 30, 2019 Basic weighted average shares outstanding 6,817,784 6,909,959 If-converted shares, Series B preferred shares 595,612 595,612 Diluted weighted average common shares outstanding 7,413,096 7,505,571

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Sep. 30, 2020
Related Party Transactions [Abstract]
Schedule of Notes Payable Related Party	Notes payable, related party summary: As of September 30, 2020 Short Term Long Term Principal Accrued Interest Total Principal Accrued Interest Total Notes Payable, Related Party Promissory Note - December 31, 2022 $ - $ - 741,030 $ 118,263 859,292 Total Notes Payable, Related Party $ - $ - $ - $ 741,030 $ 118,263 $ 859,292 As of September 30, 2019 Short Term Long Term Principal Accrued Interest Total Principal Accrued Interest Total Notes Payable, Related Party Promissory Note - December 31, 2022 $ - - $ 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 Total Notes Payable, Related Party $ 50,900 $ 3,371 $ 54,271 $ 759,000 $ 69,341 $ 828,341

Notes Payable (Tables)

Notes Payable (Tables)	12 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Summary of Notes Payable Outstanding	Notes payable summary: As of September 30, 2020 Short Term Long Term Principal Accrued Interest Total Principal Accrued Interest Total Notes Payable Promissory Note - March 20, 2019 $ 10,000 $ 921 10,921 $ - $ - $ - Total Notes Payable $ 10,000 $ 921 $ 10,921 $ - $ - $ - As of September 30, 2019 Short Term Long Term Principal Accrued Interest Total Principal Accrued Interest Total 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 Total Notes Payable $ 10,000 $ 5,484 $ 15,484 $ 45,000 $ - $ 45,000
Schedule of Debt Obligations of Future Maturities	Our future maturities under our debt obligations as of September 30, 2020 are as follows: Contract Less than More Than Name Amount Term 1 Year 5 Years Promissory Notes $ 10,000 1 - 5 10,000 -

Provision for Income Taxes (Tab

Provision for Income Taxes (Tables)	12 Months Ended
	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets	Net deferred tax assets consist of the following components as of: Period Ended September 30, 2020 Income tax expense at statutory rate $ 2,063 Valuation allowance (2,063 ) Income tax expense per books $ - Period Ended September 30, 2020 NOL Carryover $ 2,063 Valuation allowance (2,063 ) Net deferred tax asset $ -

Nature of Business (Details Nar

Nature of Business (Details Narrative)	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

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative)	12 Months Ended
	Sep. 30, 2020USD ($)shares	Sep. 30, 2020EUR (€)shares	Sep. 30, 2019USD ($)shares	Sep. 30, 2019EUR (€)shares
Cash equivalents
Royalties receivable, allowance
Charges on royalty contract
Impairment charges on royalty contracts	0		0
Gain and losses from foreign currency transactions	$ 331		$ (7,517)
Series B Preferred Stock [Member]
Antidilutive securities excluded from computation of earnings per shares | shares	595,612	595,612	1,000,000	1,000,000
Maximum [Member]
Cash, FDIC insured amount	$ 250,000
Bermuda Bank [Member]
Cash, uninsured deposits	$ 20,649		$ 27,612
Euro [Member]
Gain and losses from foreign currency transactions | €		€ 0		€ 0

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, 2020	Sep. 30, 2019
Accounting Policies [Abstract]
Basic weighted average shares outstanding	6,817,784	6,909,959
If-converted shares, Series B preferred shares	595,612	595,612
Diluted weighted average common shares outstanding	7,413,096	7,505,571

Royalty Contracts (Details Narr

Royalty Contracts (Details Narrative) - USD ($)	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Impairment charges on royalty contracts	$ 0	$ 0
Amortization on royalty contracts		625,000
Net book value of royalty contract	$ 0	$ 0
Customer A [Member] | Revenues [Member]
Concentration of risk, percentage	31.00%	30.00%
Customer A [Member] | Royalty Receivables [Member]
Concentration of risk, percentage	31.00%	30.00%
Customer B [Member] | Revenues [Member]
Concentration of risk, percentage	46.00%	54.00%
Customer B [Member] | Royalty Receivables [Member]
Concentration of risk, percentage	14.00%	48.00%
Customer C [Member] | Revenues [Member]
Concentration of risk, percentage	54.00%	22.00%
Customer C [Member] | Royalty Receivables [Member]
Concentration of risk, percentage	22.00%	16.00%

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	Oct. 29, 2019	Oct. 23, 2019	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2019	Mar. 29, 2018
Forgiveness of accruals			$ 40,000
Accounts payable, related party			9,994
Unsecured promissory note	$ 55,900
Debt instrument, face amount			741,030	750,000	750,000
Notes receivable, related parties			$ 8,970
Debt instrument, interest rate			6.00%
Debt instrument, maturity date			Dec. 31, 2022
Accrued interest	3,656		$ 118,263	69,341	69,341
Notes payable, related party, current				50,900	50,900
Proceeds from sale of property			36,195
Payment of notes payable related parties	$ 4,000		4,000	10,000
Shares issued for conversion of debt	100
Shares issued price per share	$ 1.40
Shares issued for conversion of debt, value	$ 139
Gain on extinguishment of debt	$ 59,417		77,118
ALASKA [Member]
Proceeds from sale of property		$ 36,195
Chief Executive Officer [Member]
Related party transaction expenses			35,000	120,000
Forgiveness of accruals				40,000
Unsecured promissory note						$ 750,000
Debt instrument, face amount						$ 741,030
Notes receivable, related parties				8,970	$ 8,970
Chief Financial Officer [Member]
Related party transaction expenses			$ 96,000	$ 60,000
Former Executive [Member]
Debt instrument, interest rate				6.00%	6.00%
Accrued interest				$ 3,371	$ 3,371
Notes payable, related party, current				$ 59,900	$ 59,900
Debt instrument, maturity date, description					Matured through October 2022

Related Party Transactions - Su

Related Party Transactions - Summary of Notes Payable Related Parties (Details) - USD ($)	Sep. 30, 2020	Sep. 30, 2019
Note payable, related party, Principal, Short Term		$ 50,900
Note payable, related party, Accrued Interest, Short Term		3,371
Note payable, related party, Total, Short Term		54,271
Note payable, related party, Principal, Long term	741,030	759,000
Note payable, related party, Accrued Interest, Long term	118,263	69,341
Note payable, related party, Total, Long term	859,292	828,341
Promissory Note - December 31, 2022 [Member]
Note payable, related party, Principal, Short Term
Note payable, related party, Accrued Interest, Short Term
Note payable, related party, Total, Short Term
Note payable, related party, Principal, Long term	741,030	750,000
Note payable, related party, Accrued Interest, Long term	118,263	69,341
Note payable, related party, Total, Long term	$ 859,292	819,341
Promissory Note - August 20, 2018 [Member]
Note payable, related party, Principal, Short Term		6,900
Note payable, related party, Accrued Interest, Short Term		428
Note payable, related party, Total, Short Term		7,328
Note payable, related party, Principal, Long term
Note payable, related party, Accrued Interest, Long term
Note payable, related party, Total, Long term
Promissory Note - September 10, 2018 [Member]
Note payable, related party, Principal, Short Term		44,000
Note payable, related party, Accrued Interest, Short Term		2,418
Note payable, related party, Total, Short Term		46,418
Note payable, related party, Principal, Long term
Note payable, related party, Accrued Interest, Long term
Note payable, related party, Total, Long term
Promissory Note - November 5, 2018 [Member]
Note payable, related party, Principal, Short Term
Note payable, related party, Accrued Interest, Short Term
Note payable, related party, Total, Short Term
Note payable, related party, Principal, Long term		4,000
Note payable, related party, Accrued Interest, Long term
Note payable, related party, Total, Long term		4,000
Promissory Note - November 20, 2018 [Member]
Note payable, related party, Principal, Short Term
Note payable, related party, Accrued Interest, Short Term		525
Note payable, related party, Total, Short Term		525
Note payable, related party, Principal, Long term		5,000
Note payable, related party, Accrued Interest, Long term
Note payable, related party, Total, Long term		$ 5,000

Notes Payable (Details Narrativ

Notes Payable (Details Narrative) - USD ($)	Oct. 31, 2019	Oct. 29, 2019	Oct. 23, 2019	Mar. 20, 2019	Nov. 20, 2017	Sep. 30, 2020	Sep. 30, 2019
Debt instrument interest rate						6.00%
Maturity date						Dec. 31, 2022
Proceeds from sale of property						$ 36,195
Shares issued for conversion of debt		100
Accrued interest						921	5,484
Shares issued price per share		$ 1.40
Shares issued for conversion of debt, value		$ 139
Gain on extinguishment of debt		59,417				77,118
Anchorage Alaska [Member]
Proceeds from sale of property	$ 36,195		$ 36,195
Unsecured Notes Payable [Member]
Notes payables		13,000
Cash paid for debt		$ 32,000
Shares issued for conversion of debt		200
Accrued interest		$ 4,981
Shares issued price per share		$ 1.40
Shares issued for conversion of debt, value		$ 280
Gain on extinguishment of debt		$ 17,701
Two Unrelated Individuals [Member] | Unsecured Notes Payable [Member]
Notes payables					$ 45,000
Debt instrument interest rate					6.00%
Maturity date					Oct. 31, 2022
Unrelated Individuals [Member]
Debt instrument interest rate				6.00%
Maturity date				Mar. 20, 2020
Accrued interest						$ 921	$ 718
Proceeds from loan				$ 10,000

Notes Payable - Summary of Note

Notes Payable - Summary of Notes Payable Outstanding (Details) - USD ($)	Sep. 30, 2020	Sep. 30, 2019
Note payable, Principal, Short Term	$ 10,000	$ 10,000
Note payable, Accrued Interest, Short Term	921	5,484
Notes payable, Total, Short Term	10,921	15,484
Note payable, Principal, Long Term		45,000
Note payable, Accrued Interest, Long Term
Notes payable, Total, Long Term		45,000
Promissory Note - March 20, 2019 [Member]
Note payable, Principal, Short Term	10,000	10,000
Note payable, Accrued Interest, Short Term	921	718
Notes payable, Total, Short Term	10,921	10,718
Note payable, Principal, Long Term
Note payable, Accrued Interest, Long Term
Notes payable, Total, Long Term
Promissory Note - November 20, 2017 [Member]
Note payable, Principal, Short Term
Note payable, Accrued Interest, Short Term		2,383
Notes payable, Total, Short Term		2,383
Note payable, Principal, Long Term		22,500
Note payable, Accrued Interest, Long Term
Notes payable, Total, Long Term		22,500
Promissory Note - November 20, 2017 Two [Member]
Note payable, Principal, Short Term
Note payable, Accrued Interest, Short Term		2,383
Notes payable, Total, Short Term		2,383
Note payable, Principal, Long Term		22,500
Note payable, Accrued Interest, Long Term
Notes payable, Total, Long Term		$ 22,500

Notes Payable - Schedule of Deb

Notes Payable - Schedule of Debt Obligations of Future Maturities (Details) - Promissory Notes [Member]	12 Months Ended
	Sep. 30, 2020USD ($)
Promissory notes, contract amount	$ 10,000
Promissory notes, future maturities, less than 1 year	10,000
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 ($)	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Common stock, shares authorized	90,000,000	90,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	6,817,784	6,817,484
Common stock, shares outstanding	6,817,784	6,817,484
Stock issued for notes payable and accrued interest	$ 300	$ 1,200
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	50,000
Preferred stock, shares outstanding	50,000	50,000
Series B Convertible 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	595,612	595,612
Preferred stock, shares outstanding	595,612	595,612
Related Party [Member]
Stock issued for notes payable and accrued interest	$ 100

Long-Lived Assets (Details Narr

Long-Lived Assets (Details Narrative) - USD ($)	Oct. 31, 2019	Oct. 23, 2019	Sep. 30, 2020	Sep. 30, 2019
Fair market value of land improvements				$ 36,195
Proceeds from sale of property			36,195
Anchorage Alaska [Member]
Fair market value of land improvements			$ 36,195
Proceeds from sale of property	$ 36,195	$ 36,195

Business Combination (Details N

Business Combination (Details Narrative) - USD ($)	Sep. 27, 2019	Sep. 30, 2020	Sep. 30, 2019	Oct. 29, 2019
Shares issued for services, values		$ 300	$ 1,200
Share issued price per share				$ 1.40
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

Note Receivable (Details Narrat

Note Receivable (Details Narrative) - USD ($)	Sep. 30, 2020	Dec. 11, 2019	Sep. 30, 2019
Note receivable	$ 25,000
Note interest rate	6.00%
Accrued interest	$ 921		$ 5,484
Unsecured Promissory Note [Member]
Note receivable		$ 25,000
Note interest rate		6.00%
Accrued interest	$ 1,586

Provision for Income Taxes (Det

Provision for Income Taxes (Details Narrative)	12 Months Ended
	Sep. 30, 2020USD ($)
Income Tax Disclosure [Abstract]
Fedral Tax Rate	21.00%
Net Operating Losses	$ 2,063
Income Tax Expiration Description	Expire commencing in fiscal 2039.
Ownership Percentage	50.00%

Provision for Income Taxes - Sc

Provision for Income Taxes - Schedule of Deferred Tax Assets (Details)	12 Months Ended
	Sep. 30, 2020USD ($)
Income Tax Disclosure [Abstract]
Income tax expense at statutory rate	$ 2,063
Valuation allowance	(2,063)
Income tax expense per books
NOL Carryover	2,063
Valuation allowance	(2,063)
Net deferred tax asset

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	Nov. 20, 2020	Sep. 30, 2020
Debt maturity date		Dec. 31, 2022
Debt instrument interest rate		6.00%
Subsequent Event [Member] | 3GTK, LLC [Member] | Convertible Note [Member]
Convertible note	$ 7,500
Debt maturity date	Nov. 20, 2022
Debt instrument interest rate	4.00%
Convertible debt instrument interest rate	1.25%