Grey Fox (GFPC) 10-Q 23 Nov 15 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Sep. 30, 2015	Nov. 20, 2015
Document and Entity Information:
Entity Registrant Name	Gray Fox Petroleum Corp.
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Trading Symbol	gfpc
Amendment Flag	false
Entity Central Index Key	1,546,589
Current Fiscal Year End Date	--03-31
Entity Common Stock, Shares Outstanding		58,594,889
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Entity Incorporation, State Country Name	Nevada
Entity Incorporation, Date of Incorporation	Sep. 22, 2011

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2015	Mar. 31, 2015
ASSETS
Cash and equivalents	$ 4,087	$ 44
Investments at fair value	75,000	100,000
Total Current Assets	79,087	100,044
TOTAL ASSETS	79,087	100,044
CURRENT LIABILITIES
Accounts payable and accrued expenses	182,874	6,083
Short-term borrowings	20,570
Convertible notes payable, net of discounts of $137,579 and $0 at September 30, 2015 and March 31, 2015, respectively	68,791
Derivative liability	237,999
TOTAL CURRENT LIABILITIES	$ 510,234	$ 6,083
SHAREHOLDERS' EQUITY (DEFICIT)
Preferred stock, par value $0.001, authorized 20 million, no shares issued or outstanding at September 30, 2015 or March 31, 2015
Common stock, par value $0.001, authorized 675 million, 58,594,889 and 37,994,889 shares issued and outstanding at September 30 and March 31, 2015, respectively.	$ 58,595	$ 37,995
Additional paid-in capital	861,679	(36,442)
Common stock payable		249,342
Accumulated deficit	(1,351,421)	(156,934)
TOTAL SHAREHOLDERS' EQUITY (DEFICIT)	(431,147)	93,961
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)	$ 79,087	$ 100,044

Consolidated Balance Sheets Par

Consolidated Balance Sheets Parenthetical - USD ($)	Sep. 30, 2015	Mar. 31, 2015
Consolidated Balance Sheets Parenthetical
Debt Discount	$ 137,579
Preferred stock par value	$ 0.001	$ 0.001
Preferred stock shares authorized	20,000,000	20,000,000
Preferred stock shares issued
Preferred stock shares outstanding
Common stock par value	$ 0.001	$ 0.001
Common stock shares authorized	675,000,000	675,000,000
Common stock shares issued	58,594,889	37,994,889
Common stock shares outstanding	58,594,889	37,994,889

Consolidated Results of Operati

Consolidated Results of Operations - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Investment income
Dividends	$ 3,292		$ 8,229
Total investment income	3,292		8,229
Operating expenses
General and administrative expenses	1,090,760	$ 19,552	1,141,759	$ 38,589
Total operating expenses	1,090,760	19,552	1,141,759	38,589
Operating income (loss)	(1,087,468)	(19,552)	(1,133,530)	(38,589)
Other income or (expense)
Interest expense	(61,739)		(125,539)
Realized investment gains or (losses)			(39,464)	18,593
Unrealized investment gains or (losses)			30,000	(24,499)
Change in value of derivative	5,209		9,574
Gain on exchange of equity for convertible debt			64,472
Total other income or (loss)	(56,530)		(60,957)	(5,906)
Net loss	$ (1,143,998)	$ (19,552)	$ (1,194,487)	$ (44,495)
Net loss per share, basic and fully diluted	$ (0.02)		$ (0.03)
Weighted average number of shares outstanding	55,236,193	37,994,889	46,662,649	37,994,889

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity (Deficit) - USD ($)	Common Stock	Additional Paid in Capital	Common Stock Payable	Accumulated Deficit	Total
Balance at Mar. 31, 2014	$ 37,995	$ (36,442)	$ 249,342	$ (96,452)	$ 154,443
Balance - shares at Mar. 31, 2014	37,994,889
Net loss				(60,482)	(60,482)
Balance at Mar. 31, 2015	$ 37,995	(36,442)	249,342	(156,934)	93,961
Balance - shares at Mar. 31, 2015	37,994,889
Effect of reverse merger		(152,479)			(152,479)
Conversion of stock payable to convertible notes			$ (249,342)		(249,342)
Shares issued for officer compensation	$ 20,600	1,050,600			1,071,200
Shares issued for officer compensation - shares	20,600,000
Net loss				(1,194,487)	(1,194,487)
Balance at Sep. 30, 2015	$ 58,595	$ 861,679		$ (1,351,421)	$ (431,147)
Balance - shares at Sep. 30, 2015	58,594,889

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (1,194,487)	$ (44,495)
Adjustments to reconcile net loss with cash provided by operations:
Stock based compensation	1,071,200
Gain on conversion of stock payable to convertible notes payable	(64,472)
Unrealized (gain) loss from investments	(30,000)	24,499
Realized (gain) loss from investments	39,464	(18,593)
Amortization of discounts on notes payable	109,994
Change in value of derivative	(9,574)
Change in operating assets and liabilities:
Change in investments	15,536	19,027
Change in accounts payable and accrued expenses	178,291	19,636
Net cash provided by operating activities	115,952	74
CASH FLOWS FROM INVESTING ACTIVITIES
Effect of reverse merger	(152,479)
Net cash used in investing activities	(152,479)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from convertible notes payable	20,000
Proceeds from short-term borrowings	20,570
Net cash provided by financing activities	40,570
Net increase/(decrease) in cash	4,043	74
Cash at beginning of period	44	19
Cash at end of period	4,087	$ 93
SUPPLEMENTAL DISCLOSURES
Cash paid for interest	$ 3,000
Cash paid for income taxes
ADDITIONAL DISCLOSURES OF NON-CASH FINANCING TRANSACTIONS
Discounts on convertible notes	$ 206,370
Stock payable converted to debt	$ 184,870

Note 1 - Nature of Business and

Note 1 - Nature of Business and Significant Accounting Policies	6 Months Ended
	Sep. 30, 2015
Notes
Note 1 - Nature of Business and Significant Accounting Policies	Note 1 – Nature of Business and Significant Accounting Policies Nature of Business Gray Fox Petroleum Corp. (formerly Viatech Corp.) was incorporated in the State of Nevada on September 22, 2011. The Company was formed to provide interior design and architectural visualization, 3D rendering and architectural animation services. On May 31, 2013, however, the Company abandoned its plans to enter into the interior design and architectural visualization business and the majority stockholder sold his interest in the Company. A complete history of the Company between May 31, 2013 and March 31, 2014 can be found in Item 1 of our Annual Report on Form 10-K filed on June 27, 2014 and is hereby incorporated by reference. As is more thoroughly described in Note 3 to the financial statements, Lawrence Pemble, our Chief Executive Officer and Board Chairman, resigned from both positions on April 2, 2015 and sold 100% of his position to DB Capital Corp, a Florida Corporation. DB Capital appointed Daniel Sobolewski as Chief Executive Officer and Board Chairman. Additionally, DB Capital merged with Gray Fox Petroleum Corp. on April 3, 2015 by transferring a 70% interest in two non-controlling interests to Gray Fox, distributing the controlling interest in Gray Fox and the remaining 30% interest in the restaurants to Daniel Sobolewski and dissolving DB Capital Corp. Basis of Presentation The interim condensed financial statements included herein, presented in accordance with United States generally accepted accounting principles and stated in U.S. Dollars, have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. The Company has adopted a fiscal year end of March 31. These statements reflect all adjustments, which in the opinion of management, are necessary for fair presentation of the information contained therein. Except as otherwise disclosed, all such adjustments are of a normal recurring nature. These interim condensed financial statements should be read in conjunction with the financial statements of the Company for the fiscal year ended March 31, 2015 and notes thereto included in the Company’s Annual Report on Form 10-K as of March 31, 2015, filed on June 30, 2015. The Company follows the same accounting policies in the preparation of interim reports. Fair Value of Financial Instruments Under ASC 820-10-05, the Financial Accounting Standards Board (“FASB”) established a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company’s financial statements as reflected herein. The carrying amounts of cash, prepaid expenses and accrued expenses reported on the balance sheet are estimated by management to approximate fair value primarily due to the short term nature of the instruments. Revenue Recognition Interest and Dividend Income We record interest and dividend income on the accrual basis to the extent amounts are expected to be collected. Dividend income is recorded as dividends are declared by the portfolio company or at the point an obligation exists for the portfolio company to make a distribution. For equity investments for which we have a 5% or less equity position, we recognize interest and dividend income when received. In accordance with our valuation policies, we evaluate accrued interest and dividend income periodically for collectability. When a loan or debt security becomes 90 days or more past due, and if we otherwise do not expect the debtor to be able to service all of its debt or other obligations, we will generally place the loan or debt security on non-accrual status and cease recognizing interest income on that loan or debt security until the borrower has demonstrated the ability and intent to pay contractual amounts due. If a loan or debt security's status significantly improves regarding the debtor's ability to service the debt or other obligations, or if a loan or debt security is fully impaired, sold or written off, we remove it from non-accrual status. For the six months ended September 30, 2015, our only interest and dividend income was from our investment in Graffiti Junktion restaurants which were recorded on a cash basis. Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. A valuation allowance is provided for significant deferred tax assets when it is more likely than not that such asset will not be recovered through future operations. Uncertain Tax Positions In accordance with ASC 740, “Income Taxes” (“ASC 740”), the Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be capable of withstanding examination by the taxing authorities based on the technical merits of the position. These standards prescribe a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. These standards also provide guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Various taxing authorities may periodically audit the Company’s income tax returns. These audits may include questions regarding the Company’s tax filing positions, including the timing and amount of deductions and the allocation of income to various tax jurisdictions. In evaluating the exposures connected with these various tax filing positions, including state and local taxes, the Company records allowances for probable exposures. A number of years may elapse before a particular matter for which an allowance has been established is audited and fully resolved. The Company has not yet undergone an examination by any taxing authorities. The assessment of the Company’s tax position relies on the judgment of management to estimate the exposures associated with the Company’s various filing positions. Stock-Based Compensation The Company adopted FASB guidance on stock based compensation upon inception at September 22, 2011. Under FASB ASC 718-10-30-2, all share-based payments to employees, including grants of employee stock options, are to be recognized in the income statement based on their fair values. Pro forma disclosure is no longer an alternative. Basic and Diluted Loss per Share The basic net loss per common share is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing the net loss adjusted on an “as if converted” basis by the weighted average number of common shares outstanding plus potential dilutive securities. For the periods presented, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share. Recent Accounting Pronouncements On November 2014, The Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2014-16—Derivatives and Hedging (Topic 815): Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share Is More Akin to Debt or to Equity (a consensus of the FASB Emerging Issues Task Force). The amendments in this Update do not change the current criteria in GAAP for determining when separation of certain embedded derivative features in a hybrid financial instrument is required. That is, an entity will continue to evaluate whether the economic characteristics and risks of the embedded derivative feature are clearly and closely related to those of the host contract, among other relevant criteria. The amendments clarify how current GAAP should be interpreted in evaluating the economic characteristics and risks of a host contract in a hybrid financial instrument that is issued in the form of a share. The effects of initially adopting the amendments in this Update should be applied on a modified retrospective basis to existing hybrid financial instruments issued in the form of a share as of the beginning of the fiscal year for which the amendments are effective. Retrospective application is permitted to all relevant prior periods. On November 2014, The Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2014-17—Business Combinations (Topic 805): Pushdown Accounting (a consensus of the FASB Emerging Issues Task Force). The amendments in this Update provide an acquired entity with an option to apply pushdown accounting in its separate financial statements upon occurrence of an event in which an acquirer obtains control of the acquired entity. The amendments in this Update are effective on November 18, 2014. After the effective date, an acquired entity can make an election to apply the guidance to future change-in-control events or to its most recent change-in-control event. However, if the financial statements for the period in which the most recent change-in-control event occurred already have been issued or made available to be issued, the application of this guidance would be a change in accounting principle. On August 2014, The Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2014-15, Presentation of Financial Statements – Going Concerns (Subtopic 205-40): Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern. The amendments require management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. Specifically, the amendments (1) provide a definition of the term substantial doubt, (2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the mitigating effect of management’s plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated, and (6) require an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. In June 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-10, “Development Stage Entities”. The amendments in this update remove the definition of a development stage entity from the Master Glossary of the ASC thereby removing the financial reporting distinction between development stage entities and other reporting entities from U.S. GAAP. In addition, the amendments eliminate the requirements for development stage entities to (1) present inception-to-date information in the statements of income, cash flows, and shareholder equity, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. The amendments in this update are applied retrospectively. The adoption of ASU 2014-10 removed the development stage entity financial reporting requirements from the Company. In June 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-12, Compensation – Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. The new guidance requires that share-based compensation that require a specific performance target to be achieved in order for employees to become eligible to vest in the awards and that could be achieved after an employee completes the requisite service period be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant-date fair value of the award. Compensation costs should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. If the performance target becomes probable of being achieved before the end of the requisite service period, the remaining unrecognized compensation cost should be recognized prospectively over the remaining requisite service period. The total amount of compensation cost recognized during and after the requisite service period should reflect the number of awards that are expected to vest and should be adjusted to reflect those awards that ultimately vest. The requisite service period ends when the employee can cease rendering service and still be eligible to vest in the award if the performance target is achieved. This new guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2015. Early adoption is permitted. Entities may apply the amendments in this Update either (a) prospectively to all awards granted or modified after the effective date or (b) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. The adoption of ASU 2014-12 is not expected to have a material impact on our financial position or results of operations. In June 2014, the FASB issued ASU No. 2014-10: Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation , to improve financial reporting by reducing the cost and complexity associated with the incremental reporting requirements of development stage entities. The amendments in this update remove all incremental financial reporting requirements from U.S. GAAP for development stage entities, thereby improving financial reporting by eliminating the cost and complexity associated with providing that information. The amendments in this Update also eliminate an exception provided to development stage entities in Topic 810, Consolidation, for determining whether an entity is a variable interest entity on the basis of the amount of investment equity that is at risk. The amendments to eliminate that exception simplify U.S. GAAP by reducing avoidable complexity in existing accounting literature and improve the relevance of information provided to financial statement users by requiring the application of the same consolidation guidance by all reporting entities. The elimination of the exception may change the consolidation analysis, consolidation decision, and disclosure requirements for a reporting entity that has an interest in an entity in the development stage. The amendments related to the elimination of inception-to-date information and the other remaining disclosure requirements of Topic 915 should be applied retrospectively except for the clarification to Topic 275, which shall be applied prospectively. For public companies, those amendments are effective for annual reporting periods beginning after December 15, 2014, and interim periods therein. Early adoption is permitted. The adoption of ASU 2014-10 is not expected to have a material impact on our financial position or results of operations.

Note 2 - Going Concern

Note 2 - Going Concern	6 Months Ended
	Sep. 30, 2015
Notes
Note 2 - Going Concern	N ote 2 – Going Concern As shown in the accompanying financial statements, the Company has incurred net losses from operations resulting in an accumulated deficit of $1,351,421, and a working capital deficit of $431,147. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management is actively pursuing financing for new investment opportunities. The Company, however, is dependent upon its ability to secure equity and/or debt financing and there are no assurances that the Company will be successful; therefore, without sufficient financing it would be unlikely for the Company to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of any uncertainty as to the Company’s ability to continue as a going concern. The financial statements also do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

Note 3 - Business Combination

Note 3 - Business Combination	6 Months Ended
	Sep. 30, 2015
Notes
Note 3 - Business Combination	Note 3 – Business Combination On April 2, 2015, Daniel Sobolewski acquired from Lawrence Pemble 19,400,000 shares in exchange for a promissory note in the amount of $20,000. The change in control constitutes a “reverse acquisition” as defined in ASC 805-40 – Business Combinations. Subsequent to the change in control, Mr. Sobolewski contributed 100% of his shares of DB Capital Corp. to the Company. In a reverse merger, the incoming operating company (DB Capital Corp.) is the only relevant operating entity going forward. Therefore, the prior operations of DB Capital, including historical equity transactions reported, are those of DB Capital, and not Gray Fox Petroleum. The financial statements included in this Form 10-Q and all subsequent operational reporting, as well as historical equity transactions and comparison of operating data with proper periods, will reflect the operations of DB Capital Corp. and not Fray Fox Petroleum, Inc.

Note 4 - Related Party Transact

Note 4 - Related Party Transactions	6 Months Ended
	Sep. 30, 2015
Notes
Note 4 - Related Party Transactions	Note 4 – Related Party Transactions Common Stock On May 30, 2014, the Company issued 1,000,000 shares to Lawrence Pemble, our Chief Executive Officer pursuant to his employment agreement with the Company.

Note 5 - Investments

Note 5 - Investments	6 Months Ended
	Sep. 30, 2015
Notes
Note 5 - Investments	Note 5 – Investments The fair value of our investments at September 30 and March 31, 2015 were as follows: Investments at Fair Value 9/30/15 3/31/15 Wialan Technologies common stock $ - $ 25,000 Equity participation in Graffiti Junktion restaurants 75,000 75,000 Total investments $ 75,000 $ 100,000 During the six months ended September 30, 2015, we had the following investment activities: Wialan Technologies, Inc. (OTCX: WLAN) At March 31, 2015, we had 10 million shares of Wialan Technologies common stock for which we paid $55,000. At March 31, 2015, the fair value of that stock was only $25,000. So we reserved the carrying value of that investment and recorded an unrealized loss of $30,000 during the fiscal year ended March 31, 2015. On April 1, 2015, we reversed that reserve in contemplation of complete liquidation of the position. We liquidated the position in this investment between April 2, 2015 and May 20, 2015, receiving $15,536 in proceeds, net of broker fees, and recorded a realized loss of $39,464. Graffiti Junktion Restaurants During the year ended March 31, 2015, we paid $75,000 for 4% equity interest in the Graffiti Junktion restaurant located in Lake Mary, Florida and a 5% interest located in the Graffiti Junktion restaurant in Orlando, Florida. According to the terms of the agreement we are entitled to receive a pro-rata dividend when the management of Graffiti Junktion declares such a dividend. During the six months ended September 30, 2015, we received $8,229 in dividends from this investment. During the quarters ended December 31, 2014 and March 31, 2015, we received $3,292 and $4,935 in dividends, respectively.

Note 6 - Fair Value of Financia

Note 6 - Fair Value of Financial Instruments	6 Months Ended
	Sep. 30, 2015
Notes
Note 6 - Fair Value of Financial Instruments	Note 6 – Fair Value of Financial Instruments The Company adopted FASB ASC 820-10 upon inception at September 22, 2011. Under FASB ASC 820-10-5, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). The standard outlines a valuation framework and creates a fair value hierarchy in order to increase the consistency and comparability of fair value measurements and the related disclosures. Under GAAP, certain assets and liabilities must be measured at fair value, and FASB ASC 820-10-50 details the disclosures that are required for items measured at fair value. The Company has certain financial instruments that must be measured under the new fair value standard. The Company’s financial assets and liabilities are measured using inputs from the three levels of the fair value hierarchy. The three levels are as follows: Level 1 - Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2 - Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs). Level 3 - Unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing the asset or liability. The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheets as of September 30 and March 31, 2015, respectively: Fair Value Measurements at September 30, 2015 Level 1 Level 2 Level 3 Assets Cash $ 4,087 $ - $ - Investments at fair value 75,000 - - Total assets 79,087 - - Liabilities Accounts payable and accrued expenses - 182,874 - Short-term borrowings - 20,570 - Convertible notes payable - 206,370 - Discounts on convertible notes - (137,579) - Derivative liability - - 237,999 Total liabilities $ - $ 272,235 $ 237,999 Fair Value Measurements at March 31, 2015 Level 1 Level 2 Level 3 Assets Cash $ 44 $ - $ - Investments and fair value 100,000 Total assets 100,044 - - Liabilities Accounts payable and accrued expenses - 6,083 - Total liabilities $ - $ 6,083 $ - The fair values of our accounts payable, convertible notes and discounts are deemed to approximate book value, and are considered Level 2 inputs as defined by ASC Topic 820-10-35. Our derivative liability is considered a Level 3 input. There were no transfers of financial assets or liabilities between Level 1, Level 2 and Level 3 inputs for the six months ended September 30, 2015 or the year ended March 31, 2015.

Note 7 - Stockholders' Equity

Note 7 - Stockholders' Equity	6 Months Ended
	Sep. 30, 2015
Notes
Note 7 - Stockholders' Equity	Note 7 – Stockholders’ Equity The Company has authorized 675,000,000 shares of common stock, $0.001 par value per share and 20,000,000 shares of preferred stock $0.001 par value. There were no shares of preferred stock issued or outstanding at September 30 or March 31, 2015. The Company issued shares of common stock during the year ended March 31, 2015, the description of which are in Note 6 – Stockholders’ Equity disclosure of the financial statements filed on Form 10-K as of March 31, 2015, filed with the Securities and Exchange Commission on June 30, 2015 and are herein incorporated by reference. However, as the guidance in ASC 805-40 – Business Combinations On July 15, 2015, we issued 20,600,000 shares to Daniel Sobolewski, our Board Chairman and Chief Executive Officer for compensation. We valued the shares at the grant-date fair value ($0.052 per share) and charged General and Administrative Expense with $1,071,200. Common Stock Payable During 2012, the DB Capital Corp. (the Accounting Acquirer in the reverse merger whose equity transactions are retroactively shown in these financial statements) entered into multiple subscription agreements (the “2012 Subscription Agreements”) to raise operating capital, raising $194,870 in cash, and promising a certain amount of common shares of DB Capital in return. Interest was explicitly stated in the instruments and, as of March 31, 2015 and 2014, was accrued and became part of the stock payable recorded in the equity section of the balance sheet. The balance of the stock payable at March 31, 2015 and 2014 was $249,342. On June 1, 2015, the Company retired this stock payable by issuing convertible notes payable to these initial DB Capital investors (see Note 8).

Note 8 - Convertible Notes Paya

Note 8 - Convertible Notes Payable	6 Months Ended
	Sep. 30, 2015
Notes
Note 8 - Convertible Notes Payable	Note 8 – Convertible Notes Payable Short-term borrowings During the six months ended September 30, 2015, we collected $20,570 in advance collections from an accredited investor to whom we issued a convertible promissory note in the amount of $50,000 dated November 1, 2015. The terms of the note are identical to the ones issued in the following paragraphs in the subsection “Convertible Notes Payable”. According to the agreement, none of the advanced funds may be converted into common stock until the note takes effect on November 1, 2015. Therefore, although we have recorded no debt discount, discount amortization or derivative liabilities associated with this note, we accrued interest on the advanced funds in the amount of $88 for the six months ended September 30, 2015. In future periods, we expect to collect the balance on this note, record the derivative liability and include this instrument with the other similar notes referred to in the following paragraph. Convertible Notes Payable On June 1, 2015, the Company issued convertible notes payable (the “June 1, 2015 Notes”) to several original investors of DB Capital Corp. (see Note 7 reference to the “2012 Subscription Agreements”). The aggregate stock payable to these investors at March 31, 2015 was $249,342. The aggregate principal amount of the convertible promissory notes issued on June 1, 2015 was $184,870. All of these notes have a maturity date of June 1, 2016 and have interest explicitly stated in the payment amount due at maturity. The aggregate principal and interest due at maturity is $218,745. The nominal interest rates implicit in these notes range from 14% to 21%, with an average implicit rate of 18%. The June 1, 2015 Notes may be converted into common stock of the Company at a 50% discount to the applicable bid price of the closing day the conversion is executed. This conversion feature based on a future, unknown stock price implies an embedded derivative (see below). In recording the June 1, 2015 Notes, we charged the notes’ aggregate principal amounts ($184,870) against the outstanding stock payable at March 31, 2015 ($249,342), recording a gain of $64,472 on the excess. On May 20, 2015, we issued a convertible promissory note (the “May 20, 2015 Cash Note”) for $21,500 in exchange for $20,000 in cash. The note principal and interest matures on May 20, 2016, and accrues interest at 8%. The note is convertible at any time into common shares of the Company at a conversion price equal to 50% of the lowest trading price for the twenty trading days prior to notice of conversion. This conversion feature based on a future, unknown stock price implies an embedded derivative (see below). We immediately recorded the difference between the stated note principal amount of $21,500 and the actual funds received $20,000 as interest expense. The aggregate unpaid principal on the June 1, 2015 Notes and the May 20, 2015 Cash Note at September 30, 2015 is $206,370. The aggregate accrued but unpaid interest at September 30, 2015 is $11,866. Derivative Liability We evaluated the June 1, 2015 Notes and the May 20, 2015 Cash Note for embedded derivatives according to Statement of Financial Accounting Standard ASC 820-10-35-37 Fair Value in Financial Instruments Accounting for Derivative Instruments and Hedging Activities These instruments’ embedded derivatives were evaluated at issuance, at June 30, 2015 and at September 30, 2015 using the following assumptions: · · · · · The aggregate derivate liability at the inception of these notes was $247,573. We recorded this liability, charging the individual notes with debt discounts to the extent of their nominal amounts (resulting in initial debt discounts of $206,370 – the notes’ nominal amounts) and the excess to interest expense (resulting in an initial charge of $41,203 to interest expense resulting from the initial recording of the embedded derivative). We are amortizing the debt discounts to interest expense over the one-year life of the notes on a straight line basis (which approximates the amortization which would have been recorded using the Effective Interest Method). For the six months ended September 30, 2015, we amortized $68,791 of the debt discount to interest expense. At September 30, 2015, the derivatives had an aggregate value of $237,999. We revalued these derivates and recorded a change in derivative value (a component of net income or loss) of a gain of $9,574 for the six months ended September 30, 2015.

Note 9 - Income Taxes

Note 9 - Income Taxes	6 Months Ended
	Sep. 30, 2015
Notes
Note 9 - Income Taxes	Note 9 – Income Taxes The Company accounts for income taxes under FASB ASC 740-10, which requires use of the liability method. FASB ASC 740-10-25 provides that deferred tax assets and liabilities are recorded based on the differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes, referred to as temporary differences. For the six months ended September 30, 2015 and the year ended March 31, 2015, the Company incurred net operating losses and, accordingly, no provision for income taxes has been recorded. In addition, no benefit for income taxes has been recorded due to the uncertainty of the realization of any tax assets. At September 30 and March 31, 2015, the Company had approximately $280,221 and $156,934 of federal net operating losses, respectively. The net operating loss carry forwards, if not utilized, will begin to expire in 2030. The components of the Company’s deferred tax asset are as follows: September 30, 2015 March 31, 2015 Net operating loss carry-forwards $ 280,221 $ 156,934 Deferred tax asset 98,077 54,927 Valuation allowance (98,077) (54,927) Net deferred tax asset $ - $ -

Note 10 - Legal Proceedings

Note 10 - Legal Proceedings	6 Months Ended
	Sep. 30, 2015
Notes
Note 10 - Legal Proceedings	Note 10 – Legal Proceedings On March 20, 2015, we were sued in the 157th Judicial District Court of Harris County, Texas for damages relating to our non-payment of certain professional fees to provide an independent technical and economic due diligence report to help the Company determine the oil and gas potential for its West Ranch Prospect. In Gaffney Cline and Associates, Inc. v .Gray Fox Petroleum Corp. On April 17, 2015, the Harris Country District Court entered a judgment for the Plaintiff in the requested amount of $99,392. On May 14, 2015, the Plaintiff filed an Application for Turnover After Judgment and for Appointment of Receiver (“the Receivership Application”) for the purpose of liquidating certain non-exempt property to satisfy the outstanding judgment. On June 2, 2015, at a court hearing to consider the Receivership Application, the 157th Court denied the Receivership Application, but would allow discovery answer and review and a second Receivership Application should the Plaintiff wish to re-file. On June 19, 2015, the Plaintiff filed a second Receivership Application. On July 7, 2015, after hearing the payment schedule proposed by the defendant (the Company), the Court ruled that that the Court will enter an order appointing a post-judgment turnover receiver to take control of Gray Fox’s non-exempt assets (essentially, all the assets of the Company) unless the defendant/Company pays $1,000 on the fifteenth of each month beginning on July 15, 2015 (all of which have been paid through the date of this report on Form 10-Q) and $10,000 on the sixth month following July 15, 2012 (the first payment of which is due December 15, 2015) and each six months thereafter until the obligation is satisfied in full.

Note 11 - Subsequent Events

Note 11 - Subsequent Events	6 Months Ended
	Sep. 30, 2015
Notes
Note 11 - Subsequent Events	Note 11 – Subsequent Events We have evaluated subsequent events through the date this report was issued and none was found.

Note 1 - Nature of Business a18

Note 1 - Nature of Business and Significant Accounting Policies: Nature of Business (Policies)	6 Months Ended
	Sep. 30, 2015
Policies
Nature of Business	Nature of Business Gray Fox Petroleum Corp. (formerly Viatech Corp.) was incorporated in the State of Nevada on September 22, 2011. The Company was formed to provide interior design and architectural visualization, 3D rendering and architectural animation services. On May 31, 2013, however, the Company abandoned its plans to enter into the interior design and architectural visualization business and the majority stockholder sold his interest in the Company. A complete history of the Company between May 31, 2013 and March 31, 2014 can be found in Item 1 of our Annual Report on Form 10-K filed on June 27, 2014 and is hereby incorporated by reference. As is more thoroughly described in Note 3 to the financial statements, Lawrence Pemble, our Chief Executive Officer and Board Chairman, resigned from both positions on April 2, 2015 and sold 100% of his position to DB Capital Corp, a Florida Corporation. DB Capital appointed Daniel Sobolewski as Chief Executive Officer and Board Chairman. Additionally, DB Capital merged with Gray Fox Petroleum Corp. on April 3, 2015 by transferring a 70% interest in two non-controlling interests to Gray Fox, distributing the controlling interest in Gray Fox and the remaining 30% interest in the restaurants to Daniel Sobolewski and dissolving DB Capital Corp.

Note 1 - Nature of Business a19

Note 1 - Nature of Business and Significant Accounting Policies: Basis of Presentation (Policies)	6 Months Ended
	Sep. 30, 2015
Policies
Basis of Presentation	Basis of Presentation The interim condensed financial statements included herein, presented in accordance with United States generally accepted accounting principles and stated in U.S. Dollars, have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. The Company has adopted a fiscal year end of March 31. These statements reflect all adjustments, which in the opinion of management, are necessary for fair presentation of the information contained therein. Except as otherwise disclosed, all such adjustments are of a normal recurring nature. These interim condensed financial statements should be read in conjunction with the financial statements of the Company for the fiscal year ended March 31, 2015 and notes thereto included in the Company’s Annual Report on Form 10-K as of March 31, 2015, filed on June 30, 2015. The Company follows the same accounting policies in the preparation of interim reports.

Note 1 - Nature of Business a20

Note 1 - Nature of Business and Significant Accounting Policies: Fair Value of Financial Instruments (Policies)	6 Months Ended
	Sep. 30, 2015
Policies
Fair Value of Financial Instruments	Fair Value of Financial Instruments Under ASC 820-10-05, the Financial Accounting Standards Board (“FASB”) established a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company’s financial statements as reflected herein. The carrying amounts of cash, prepaid expenses and accrued expenses reported on the balance sheet are estimated by management to approximate fair value primarily due to the short term nature of the instruments.

Note 1 - Nature of Business a21

Note 1 - Nature of Business and Significant Accounting Policies: Revenue Recognition (Policies)	6 Months Ended
	Sep. 30, 2015
Policies
Revenue Recognition	Revenue Recognition Interest and Dividend Income We record interest and dividend income on the accrual basis to the extent amounts are expected to be collected. Dividend income is recorded as dividends are declared by the portfolio company or at the point an obligation exists for the portfolio company to make a distribution. For equity investments for which we have a 5% or less equity position, we recognize interest and dividend income when received. In accordance with our valuation policies, we evaluate accrued interest and dividend income periodically for collectability. When a loan or debt security becomes 90 days or more past due, and if we otherwise do not expect the debtor to be able to service all of its debt or other obligations, we will generally place the loan or debt security on non-accrual status and cease recognizing interest income on that loan or debt security until the borrower has demonstrated the ability and intent to pay contractual amounts due. If a loan or debt security's status significantly improves regarding the debtor's ability to service the debt or other obligations, or if a loan or debt security is fully impaired, sold or written off, we remove it from non-accrual status. For the six months ended September 30, 2015, our only interest and dividend income was from our investment in Graffiti Junktion restaurants which were recorded on a cash basis.

Note 1 - Nature of Business a22

Note 1 - Nature of Business and Significant Accounting Policies: Income Taxes (Policies)	6 Months Ended
	Sep. 30, 2015
Policies
Income Taxes	Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. A valuation allowance is provided for significant deferred tax assets when it is more likely than not that such asset will not be recovered through future operations.

Note 1 - Nature of Business a23

Note 1 - Nature of Business and Significant Accounting Policies: Uncertain Tax Positions (Policies)	6 Months Ended
	Sep. 30, 2015
Policies
Uncertain Tax Positions	Uncertain Tax Positions In accordance with ASC 740, “Income Taxes” (“ASC 740”), the Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be capable of withstanding examination by the taxing authorities based on the technical merits of the position. These standards prescribe a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. These standards also provide guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Various taxing authorities may periodically audit the Company’s income tax returns. These audits may include questions regarding the Company’s tax filing positions, including the timing and amount of deductions and the allocation of income to various tax jurisdictions. In evaluating the exposures connected with these various tax filing positions, including state and local taxes, the Company records allowances for probable exposures. A number of years may elapse before a particular matter for which an allowance has been established is audited and fully resolved. The Company has not yet undergone an examination by any taxing authorities. The assessment of the Company’s tax position relies on the judgment of management to estimate the exposures associated with the Company’s various filing positions.

Note 1 - Nature of Business a24

Note 1 - Nature of Business and Significant Accounting Policies: Stock-based Compensation (Policies)	6 Months Ended
	Sep. 30, 2015
Policies
Stock-based Compensation	Stock-Based Compensation The Company adopted FASB guidance on stock based compensation upon inception at September 22, 2011. Under FASB ASC 718-10-30-2, all share-based payments to employees, including grants of employee stock options, are to be recognized in the income statement based on their fair values. Pro forma disclosure is no longer an alternative.

Note 1 - Nature of Business a25

Note 1 - Nature of Business and Significant Accounting Policies: Basic and Diluted Loss Per Share (Policies)	6 Months Ended
	Sep. 30, 2015
Policies
Basic and Diluted Loss Per Share	Basic and Diluted Loss per Share The basic net loss per common share is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing the net loss adjusted on an “as if converted” basis by the weighted average number of common shares outstanding plus potential dilutive securities. For the periods presented, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share.

Note 1 - Nature of Business a26

Note 1 - Nature of Business and Significant Accounting Policies: Recently Issued Accounting Pronouncements (Policies)	6 Months Ended
	Sep. 30, 2015
Policies
Recently Issued Accounting Pronouncements	Recent Accounting Pronouncements On November 2014, The Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2014-16—Derivatives and Hedging (Topic 815): Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share Is More Akin to Debt or to Equity (a consensus of the FASB Emerging Issues Task Force). The amendments in this Update do not change the current criteria in GAAP for determining when separation of certain embedded derivative features in a hybrid financial instrument is required. That is, an entity will continue to evaluate whether the economic characteristics and risks of the embedded derivative feature are clearly and closely related to those of the host contract, among other relevant criteria. The amendments clarify how current GAAP should be interpreted in evaluating the economic characteristics and risks of a host contract in a hybrid financial instrument that is issued in the form of a share. The effects of initially adopting the amendments in this Update should be applied on a modified retrospective basis to existing hybrid financial instruments issued in the form of a share as of the beginning of the fiscal year for which the amendments are effective. Retrospective application is permitted to all relevant prior periods. On November 2014, The Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2014-17—Business Combinations (Topic 805): Pushdown Accounting (a consensus of the FASB Emerging Issues Task Force). The amendments in this Update provide an acquired entity with an option to apply pushdown accounting in its separate financial statements upon occurrence of an event in which an acquirer obtains control of the acquired entity. The amendments in this Update are effective on November 18, 2014. After the effective date, an acquired entity can make an election to apply the guidance to future change-in-control events or to its most recent change-in-control event. However, if the financial statements for the period in which the most recent change-in-control event occurred already have been issued or made available to be issued, the application of this guidance would be a change in accounting principle. On August 2014, The Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2014-15, Presentation of Financial Statements – Going Concerns (Subtopic 205-40): Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern. The amendments require management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. Specifically, the amendments (1) provide a definition of the term substantial doubt, (2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the mitigating effect of management’s plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated, and (6) require an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. In June 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-10, “Development Stage Entities”. The amendments in this update remove the definition of a development stage entity from the Master Glossary of the ASC thereby removing the financial reporting distinction between development stage entities and other reporting entities from U.S. GAAP. In addition, the amendments eliminate the requirements for development stage entities to (1) present inception-to-date information in the statements of income, cash flows, and shareholder equity, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. The amendments in this update are applied retrospectively. The adoption of ASU 2014-10 removed the development stage entity financial reporting requirements from the Company. In June 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-12, Compensation – Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. The new guidance requires that share-based compensation that require a specific performance target to be achieved in order for employees to become eligible to vest in the awards and that could be achieved after an employee completes the requisite service period be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant-date fair value of the award. Compensation costs should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. If the performance target becomes probable of being achieved before the end of the requisite service period, the remaining unrecognized compensation cost should be recognized prospectively over the remaining requisite service period. The total amount of compensation cost recognized during and after the requisite service period should reflect the number of awards that are expected to vest and should be adjusted to reflect those awards that ultimately vest. The requisite service period ends when the employee can cease rendering service and still be eligible to vest in the award if the performance target is achieved. This new guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2015. Early adoption is permitted. Entities may apply the amendments in this Update either (a) prospectively to all awards granted or modified after the effective date or (b) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. The adoption of ASU 2014-12 is not expected to have a material impact on our financial position or results of operations. In June 2014, the FASB issued ASU No. 2014-10: Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation , to improve financial reporting by reducing the cost and complexity associated with the incremental reporting requirements of development stage entities. The amendments in this update remove all incremental financial reporting requirements from U.S. GAAP for development stage entities, thereby improving financial reporting by eliminating the cost and complexity associated with providing that information. The amendments in this Update also eliminate an exception provided to development stage entities in Topic 810, Consolidation, for determining whether an entity is a variable interest entity on the basis of the amount of investment equity that is at risk. The amendments to eliminate that exception simplify U.S. GAAP by reducing avoidable complexity in existing accounting literature and improve the relevance of information provided to financial statement users by requiring the application of the same consolidation guidance by all reporting entities. The elimination of the exception may change the consolidation analysis, consolidation decision, and disclosure requirements for a reporting entity that has an interest in an entity in the development stage. The amendments related to the elimination of inception-to-date information and the other remaining disclosure requirements of Topic 915 should be applied retrospectively except for the clarification to Topic 275, which shall be applied prospectively. For public companies, those amendments are effective for annual reporting periods beginning after December 15, 2014, and interim periods therein. Early adoption is permitted. The adoption of ASU 2014-10 is not expected to have a material impact on our financial position or results of operations.

Note 5 - Investments_ Investmen

Note 5 - Investments: Investments (Tables)	6 Months Ended
	Sep. 30, 2015
Tables/Schedules
Investments	Investments at Fair Value 9/30/15 3/31/15 Wialan Technologies common stock $ - $ 25,000 Equity participation in Graffiti Junktion restaurants 75,000 75,000 Total investments $ 75,000 $ 100,000

Note 6 - Fair Value of Financ28

Note 6 - Fair Value of Financial Instruments: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Tables)	6 Months Ended
	Sep. 30, 2015
Tables/Schedules
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	Fair Value Measurements at September 30, 2015 Level 1 Level 2 Level 3 Assets Cash $ 4,087 $ - $ - Investments at fair value 75,000 - - Total assets 79,087 - - Liabilities Accounts payable and accrued expenses - 182,874 - Short-term borrowings - 20,570 - Convertible notes payable - 206,370 - Discounts on convertible notes - (137,579) - Derivative liability - - 237,999 Total liabilities $ - $ 272,235 $ 237,999 Fair Value Measurements at March 31, 2015 Level 1 Level 2 Level 3 Assets Cash $ 44 $ - $ - Investments and fair value 100,000 Total assets 100,044 - - Liabilities Accounts payable and accrued expenses - 6,083 - Total liabilities $ - $ 6,083 $ -

Note 9 - Income Taxes_ Schedule

Note 9 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)	6 Months Ended
	Sep. 30, 2015
Tables/Schedules
Schedule of Deferred Tax Assets and Liabilities	September 30, 2015 March 31, 2015 Net operating loss carry-forwards $ 280,221 $ 156,934 Deferred tax asset 98,077 54,927 Valuation allowance (98,077) (54,927) Net deferred tax asset $ - $ -

Note 1 - Nature of Business a30

Note 1 - Nature of Business and Significant Accounting Policies: Nature of Business (Details)	6 Months Ended
	Sep. 30, 2015
Details
Entity Incorporation, State Country Name	Nevada
Entity Incorporation, Date of Incorporation	Sep. 22, 2011

Note 2 - Going Concern (Details

Note 2 - Going Concern (Details) - USD ($)	Sep. 30, 2015	Mar. 31, 2015
Details
Accumulated deficit	$ 1,351,421	$ 156,934
Working Capital Deficit	$ 431,147

Note 3 - Business Combination (

Note 3 - Business Combination (Details)	3 Months Ended
	Sep. 30, 2015USD ($)shares
Details
Shares Acquired in Exchange for a Promissory Note	19,400,000
Proceeds from notes payable | $	$ 20,000

Note 4 - Related Party Transa33

Note 4 - Related Party Transactions (Details)	12 Months Ended
	Mar. 31, 2015shares
Common Stock | Chief Executive Officer
Represents the SharesIssuedForOfficerStockPayableShares (number of shares), during the indicated time period.	1,000,000

Items (Details)

Items (Details)	6 Months Ended
	Sep. 30, 2015USD ($)shares
Shares issued for officer compensation	$ 1,071,200
Common Stock
Shares issued for officer compensation - shares | shares	20,600,000
Shares issued for officer compensation	$ 20,600

Note 5 - Investments_ Investm35

Note 5 - Investments: Investments (Details) - USD ($)	Sep. 30, 2015	Mar. 31, 2015
Investments at fair value	$ 75,000	$ 100,000
Wialan Technologies
Investments at fair value		25,000
Graffiti Junktion restaurants
Investments at fair value	$ 75,000	$ 75,000

Note 5 - Investments (Details)

Note 5 - Investments (Details) - USD ($)	3 Months Ended			6 Months Ended
	Sep. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2015
Details
Dividends	$ 3,292	$ 4,935	$ 3,292	$ 8,229

Note 6 - Fair Value of Financ37

Note 6 - Fair Value of Financial Instruments: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)	Sep. 30, 2015	Mar. 31, 2015	Sep. 30, 2014	Mar. 31, 2014
Cash and equivalents	$ 4,087	$ 44	$ 93	$ 19
Investments at fair value	75,000	100,000
TOTAL ASSETS	79,087	100,044
Accounts payable and accrued expenses	182,874	6,083
Short-term borrowings	20,570
Convertible notes payable, net of discounts of $189,171 and $0 at June 30, 2015 and March 31, 2015, respectively	68,791
Debt Discount	137,579
Derivative liability	237,999
TOTAL CURRENT LIABILITIES	510,234	6,083
Fair Value, Inputs, Level 1
Cash and equivalents	4,087	44
Investments at fair value	75,000	100,000
TOTAL ASSETS	79,087	100,044
Fair Value, Inputs, Level 2
Accounts payable and accrued expenses	182,874	6,083
Short-term borrowings	20,570
Convertible notes payable, net of discounts of $189,171 and $0 at June 30, 2015 and March 31, 2015, respectively	206,370
Debt Discount	(137,579)
TOTAL CURRENT LIABILITIES	272,235	$ 6,083
Fair Value, Inputs, Level 3
Derivative liability	237,999
TOTAL CURRENT LIABILITIES	$ 237,999

Note 7 - Stockholders' Equity (

Note 7 - Stockholders' Equity (Details) - USD ($)	6 Months Ended	12 Months Ended
	Sep. 30, 2015	Mar. 31, 2012	Mar. 31, 2015
Common stock shares authorized	675,000,000		675,000,000
Common stock par value	$ 0.001		$ 0.001
Preferred stock shares authorized	20,000,000		20,000,000
Preferred stock par value	$ 0.001		$ 0.001
Common stock shares issued	58,594,889		37,994,889
Common stock shares outstanding	58,594,889		37,994,889
Shares issued for officer compensation	$ 1,071,200
Proceeds from Common Stock Payable		$ 194,870
Conversion of stock payable to convertible notes	$ 249,342
Common Stock
Shares issued for officer compensation - shares	20,600,000
Shares issued for officer compensation	$ 20,600
Common Stock Payable
Conversion of stock payable to convertible notes	$ 249,342

Note 8 - Convertible Notes Pa39

Note 8 - Convertible Notes Payable (Details) - USD ($)	3 Months Ended	6 Months Ended
	Sep. 30, 2015	Sep. 30, 2015	Nov. 01, 2015
Proceeds from short-term borrowings		$ 20,570
Convertible Promissory Note			$ 50,000
Increase (Decrease) in Accrued Interest Receivable, Net		88
Conversion of stock payable to convertible notes		249,342
Stock payable converted to debt		184,870
Gain on conversion of stock payable to convertible notes payable	$ 64,472	64,472
Proceeds from convertible notes payable		20,000
Discounts on convertible notes		206,370
Debt Instrument, Increase, Accrued Interest		11,866
Aggregate Derivate Liability at Inception		247,573
Convertible notes payable, net of discounts of $189,171 and $0 at June 30, 2015 and March 31, 2015, respectively	68,791	68,791
Derivative liability	237,999	237,999
Change in value of derivative	$ 5,209	9,574
Common Stock Payable
Conversion of stock payable to convertible notes		$ 249,342

Note 9 - Income Taxes (Details)

Note 9 - Income Taxes (Details) - USD ($)	Sep. 30, 2015	Mar. 31, 2015
Details
Operating Loss Carryforwards	$ 280,221	$ 156,934

Note 9 - Income Taxes_ Schedu41

Note 9 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Sep. 30, 2015	Mar. 31, 2015
Details
Deferred Tax Assets, Operating Loss Carryforwards	$ 280,221	$ 156,934
Deferred Tax Assets, Gross	98,077	54,927
Deferred Tax Assets, Valuation Allowance	$ (98,077)	$ (54,927)

Note 10 - Legal Proceedings (De

Note 10 - Legal Proceedings (Details) - USD ($)	3 Months Ended
	Sep. 30, 2015	Mar. 31, 2015
Accounts payable and accrued expenses	$ 182,874	$ 6,083
Gaffney Cline and Associates, Inc. v. Gray Fox Petroleum Corp.
Accounts payable and accrued expenses	98,485	$ 99,392
Loss Contingency, Damages Awarded, Value	$ 99,392