Rocky Mountain Industrials (RMRI) 10-Q 16 Oct 19 2019 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Dec. 31, 2018	Sep. 12, 2019
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Entity Registrant Name	RMR Industrials, Inc.
Title of 12(b) Security	Class A Common stock $.0001 par value
Entity Central Index Key	0001556179
Current Fiscal Year End Date	--03-31
Entity Current Reporting Status	No
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Trading Symbol	RMRI
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Small Business	true
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		35,785,858
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		3,907,252

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Dec. 31, 2018	Mar. 31, 2018
Current assets
Cash	$ 1,727,400	$ 814,621
Accounts receivable	50,211	79,630
Inventory	63,121	54,290
Prepaid expenses	122,686	48,844
Restricted cash	111,527	196,181
Total current assets	2,074,945	1,193,566
Land under development	4,843,237	3,594,928
Property, plant, and equipment, net	3,337,624	3,826,512
Asset retirement obligation, net	39,609	41,283
Intangible assets, net	41,000	41,000
Other noncurrent assets	59,372	26,830
Total assets	10,395,787	8,724,119
Current liabilities
Accounts payable	616,633	607,635
Accounts payable, related party	110,000	201,566
Accrued liabilities	115,056	114,361
Accrued liabilities, related party	1,435,000	2,290,000
Capital lease payable, current	41,263	40,045
Equipment loan payable, current	132,724	183,545
Total current liabilities	2,450,676	3,437,152
Note payable, net of discount		2,247,213
Capital lease payable, noncurrent		31,101
Equipment loan payable, noncurrent	246,852	283,128
Deferred rent	21,371	14,717
Accrued reclamation liability	55,172	51,409
Total liabilities	2,774,071	6,064,720
Stockholders' Deficit
Preferred Stock, $0.001 par value, 50,000,000 shares authorized; none issued and outstanding	0	0
Additional paid-in capital	40,339,888	30,237,968
Accumulated deficit	(32,868,172)	(27,429,017)
Noncontrolling interest	110,299	(188,207)
Total stockholders' deficit	7,621,716	2,659,399
Total liabilities and stockholders' deficit	10,395,787	8,724,119
Common Class A [Member]
Stockholders' Deficit
Common Stock	35,786	35,786
Total stockholders' deficit	35,786	35,786
Common Class B [Member]
Stockholders' Deficit
Common Stock	3,915	2,869
Total stockholders' deficit	$ 3,915	$ 2,869

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2018	Mar. 31, 2018
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	50,000,000	50,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Class A [Member]
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common stock, shares authorized	2,000,000,000	2,000,000,000
Common Stock, Shares, Issued	35,785,858	35,785,858
Common Stock, Shares, Outstanding	35,785,858	35,785,858
Common Class B [Member]
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	3,907,252	2,868,967
Common Stock, Shares, Outstanding	3,175,634	2,703,967

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Condensed Consolidated Statements of Operations
Revenue	$ 308,186	$ 289,214	$ 1,964,969	$ 788,238
Cost of goods sold	287,901	262,105	840,410	654,778
Gross profit	20,285	27,109	1,124,559	133,460
Selling, general and administrative (includes depreciation, depletion and amortization)	3,115,163	1,382,517	6,267,829	4,063,951
Loss from operations	3,094,878	1,355,408	5,143,270	3,930,491
Interest income (expense), net	(13,049)	(192,213)	(510,234)	(536,450)
Loss before income tax provision	3,107,927	1,547,621	5,653,504	4,466,941
Income tax expense		1,772		4,972
Net loss	3,107,927	1,549,393	5,653,504	4,471,913
Add: Net loss attributed to noncontrolling interest	37,721	60,149	170,992	161,595
Net loss attributable to RMR Industrials, Inc.	$ 3,070,206	$ 1,489,244	$ 5,482,512	$ 4,310,318
Basic and diluted loss attributable to RMR Industrials, Inc. per common share	$ (0.64)	$ (0.46)	$ (1.16)	$ (1.40)
Weighted average shares outstanding	4,834,690	3,257,660	4,722,340	3,081,133

Consolidated Statements Of Stoc

Consolidated Statements Of Stockholders' Deficit - USD ($)	Common Class A [Member]	Common Class B [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Noncontrolling Interest [Member]	Total
Balance at Mar. 31, 2017	$ 35,786	$ 1,203	$ 5,664,378	$ (9,460,492)	$ 55,038	$ (3,704,087)
Balance (in shares) at Mar. 31, 2017	35,785,858	1,202,623
Issuance of common stock through subscription		$ 60	699,940			700,000
Issuance of common stock through subscription (in shares)		60,060
Stock-based compensation from stock options			68,877			68,877
Net loss				(1,387,143)	105,819	(1,281,324)
Balance at Jun. 30, 2017	$ 35,786	$ 1,263	6,433,195	(10,847,635)	160,857	(4,216,534)
Balance (in shares) at Jun. 30, 2017	35,785,858	1,262,683
Balance at Mar. 31, 2017	$ 35,786	$ 1,203	5,664,378	(9,460,492)	55,038	(3,704,087)
Balance (in shares) at Mar. 31, 2017	35,785,858	1,202,623
Net loss						(4,471,913)
Balance at Dec. 31, 2017	$ 35,786	$ 1,468	9,699,013	(13,770,810)	(106,557)	(4,141,100)
Balance (in shares) at Dec. 31, 2017	35,785,858	1,468,367
Balance at Jun. 30, 2017	$ 35,786	$ 1,263	6,433,195	(10,847,635)	160,857	(4,216,534)
Balance (in shares) at Jun. 30, 2017	35,785,858	1,262,683
Issuance of common stock through subscription		$ 64	799,952			800,016
Issuance of common stock through subscription (in shares)		64,607
Issuance of common stock for services			149,990			149,990
Issuance of restricted common shares for compensation			361,349			361,349
Stock-based compensation from stock options			(188,174)			(188,174)
Net loss				(1,433,931)	(207,265)	(1,641,196)
Balance at Sep. 30, 2017	$ 35,786	$ 1,327	7,556,312	(12,281,566)	(46,408)	(4,734,549)
Balance (in shares) at Sep. 30, 2017	35,785,858	1,327,290
Issuance of common stock through subscription		$ 141	1,799,846			1,799,987
Issuance of common stock through subscription (in shares)		141,077
Issuance of common stock for services			174,978			174,978
Issuance of restricted common shares for compensation			1,725,000			1,725,000
Stock-based compensation from stock options			(1,557,123)			(1,557,123)
Net loss				(1,489,244)	(60,149)	(1,549,393)
Balance at Dec. 31, 2017	$ 35,786	$ 1,468	9,699,013	(13,770,810)	(106,557)	(4,141,100)
Balance (in shares) at Dec. 31, 2017	35,785,858	1,468,367
Balance at Mar. 31, 2018	$ 35,786	$ 2,869	30,237,968	(27,429,017)	(188,207)	2,659,399
Balance (in shares) at Mar. 31, 2018	35,785,858	2,868,967
Issuance of common stock through subscription		$ 209	3,123,468			3,123,677
Issuance of common stock through subscription (in shares)		209,040
Issuance of restricted common shares for compensation		$ 145	(145)
Issuance of restricted common shares for compensation (in shares)		145,000
Stock-based compensation from stock options			344,386			344,386
Net loss				(1,563,358)	(74,506)	(1,637,864)
Balance at Jun. 30, 2018	$ 35,786	$ 3,223	33,705,677	(28,992,375)	(262,713)	4,489,598
Balance (in shares) at Jun. 30, 2018	35,785,858	3,223,007
Balance at Mar. 31, 2018	$ 35,786	$ 2,869	30,237,968	(27,429,017)	(188,207)	2,659,399
Balance (in shares) at Mar. 31, 2018	35,785,858	2,868,967
Net loss						(5,653,504)
Balance at Dec. 31, 2018	$ 35,786	$ 3,915	40,339,888	(32,868,172)	110,299	7,621,716
Balance (in shares) at Dec. 31, 2018	35,785,858	3,907,252
Balance at Jun. 30, 2018	$ 35,786	$ 3,223	33,705,677	(28,992,375)	(262,713)	4,489,598
Balance (in shares) at Jun. 30, 2018	35,785,858	3,223,007
Issuance of common stock through subscription		$ 55	649,945			650,000
Issuance of common stock through subscription (in shares)		54,705
Forfeiture of common stock		$ (50)	50
Forfeiture of common stock (in shares)		(50,000)
Stock-based compensation from restricted stock andoptions			354,524			354,524
Common stock issued by RMRA			1,875,000		625,000	2,500,000
Issuance of restricted common shares for compensation		$ 64	(64)
Issuance of restricted common shares for compensation (in shares)		63,824
Net loss				(805,591)	(102,163)	(907,754)
Balance at Sep. 30, 2018	$ 35,786	$ 3,292	36,585,132	(29,797,966)	260,124	7,086,368
Balance (in shares) at Sep. 30, 2018	35,785,858	3,291,536
Issuance of common stock through subscription		$ 197	2,799,883			2,800,080
Issuance of common stock through subscription (in shares)		196,672
Equity conversion of RMRA to RMRI common stock		$ 150	111,954		(112,104)
Equity conversion of RMRA to RMRI common stock (in shares)		150,000
Issuance of common stock for services		$ 11	(11)
Issuance of common stock for services (in shares)		11,250
Issuance of restricted common shares for compensation		$ 265	(265)
Issuance of restricted common shares for compensation (in shares)		257,794
Stock-based compensation from stock options			843,195			843,195
Net loss				(3,070,206)	(37,721)	(3,107,927)
Balance at Dec. 31, 2018	$ 35,786	$ 3,915	$ 40,339,888	$ (32,868,172)	$ 110,299	$ 7,621,716
Balance (in shares) at Dec. 31, 2018	35,785,858	3,907,252

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash flow from operating activities
Net loss	$ (5,653,504)	$ (4,471,913)
Depreciation and amortization expense	260,269	237,163
Stock-based compensation	1,542,063	734,921
Amortization of debt discount	363,130	339,665
Paid-in-kind interest	135,554	183,242
Changes in operating assets and liabilities
Accounts receivable	29,418	(28,660)
Prepaid expenses	(73,842)	25,115
Inventory	(8,831)	(62,496)
Restricted cash	84,654	(134,041)
Deposits	(32,542)
Accounts payable	8,998	(371,144)
Accounts payable, related parties	(91,566)	750,000
Deferred rent	6,654	5,335
Accrued liabilities	695	(284,113)
Accrued liabilities, related parties	(855,000)	587,500
Net cash used in operating activities	(4,283,850)	(2,489,426)
Purchase of property, plant and equipment	(1,014,254)	(365,716)
Net cash used in investing activities	(1,014,254)	(365,716)
Payments on equipment loan	(87,097)	(127,952)
Payments on capital leases	(29,883)	(24,411)
Proceeds from shareholder deposit		(1,400,000)
Payments on debt	(2,745,897)
Net cash provided by (used in) financing activities	6,210,883	(1,747,616)
Net (decrease) increase in cash	912,779	(1,107,526)
Cash at beginning of period	814,621	1,608,094
Cash at end of period	1,727,400	500,568
Supplemental cash flow information
Cash paid for interest	10,428	5,087
Cash paid for income taxes		1,600
RMR Aggregates Shares [Member]
Changes in operating assets and liabilities
Proceeds from issuance of Class B common stock	(2,500,000)
Common Class B [Member]
Changes in operating assets and liabilities
Proceeds from issuance of Class B common stock	$ 6,573,761	$ 3,299,979

FORMATION, CORPORATE CHANGES, A

FORMATION, CORPORATE CHANGES, AND MATERIAL MERGERS AND ACQUISITIONS	9 Months Ended
	Dec. 31, 2018
FORMATION, CORPORATE CHANGES, AND MATERIAL MERGERS AND ACQUISITIONS
FORMATION, CORPORATE CHANGES, AND MATERIAL MERGERS AND ACQUISITIONS	NOTE A – FORMATION, CORPORATE CHANGES, AND MATERIAL MERGERS AND ACQUISITIONS On November 17, 2014, Rocky Mountain Resource Holdings, LLC, a Nevada limited liability company (the “Purchaser”), became the majority shareholder of Online Yearbook, a Nevada corporation, by acquiring 5,200,000 shares of common stock of Online Yearbook (the “Shares”), or 69.06% of the issued and outstanding shares of common stock, pursuant to stock purchase agreements with Messrs. El Maraana and Salah Blal. The Shares were acquired for an aggregate purchase price of $357,670. The Purchaser was the source of the funds used to acquire the Shares. In connection with Online Yearbook’s receipt of approval from the Financial Industry Regulatory Authority (“FINRA”), effective December 8, 2014, Online Yearbook amended its Articles of Incorporation to change its name from “Online Yearbook” to “RMR Industrials, Inc.” RMR Industrials, Inc. (“we”, “us”, the “Company” or “RMRI”) is dedicated to operating industrial assets in the United States which include minerals, materials, and services. Our vision is to become a key provider of industrial materials and services in the Rocky Mountain region. We have a strategy to own, operate, develop, acquire and vertically integrate complementary industrial businesses. On February 27, 2015 (the “Closing Date”), the Company entered into and consummated a merger transaction pursuant to an Agreement and Plan of Merger (the “Merger Agreement”) by and among the Company, OLYB Acquisition Corporation, a Nevada corporation and wholly owned subsidiary of the Company (“Merger Sub”), and RMR IP, Inc., a Nevada corporation (“RMR IP”). In accordance with the terms of Merger Agreement, on the Closing Date, Merger Sub merged with and into RMR IP (the “Merger”), with RMR IP surviving the Merger as our wholly owned subsidiary. For financial reporting purposes, the Merger represented a “reverse merger” rather than a business combination and RMR IP was deemed to be the accounting acquirer in the transaction. Consequently, the assets and liabilities and the historical operations reflected in the Company’s financial statements post-Merger are those of RMR IP. The Company’s assets, liabilities and results of operations have been consolidated with the assets, liabilities and results of operations of RMR IP after consummation of the Merger, and the historical financial statements of the Company before the Merger were replaced with the historical financial statements of RMR IP before the Merger in all post-Merger filings with the Securities and Exchange Commission (the “SEC”). On July 28, 2016, we formed RMR Aggregates, Inc., a Colorado corporation (“RMR Aggregates”), as our wholly-owned subsidiary. RMR Aggregates was formed to hold assets primarily relating to the mining and processing of industrial minerals for the manufacturing, construction, and agriculture sectors. These minerals include limestone, aggregates, marble, silica, barite, and sand. On October 12, 2016, RMR Aggregates acquired substantially all of the assets of CalX Minerals, LLC, a Colorado limited liability company (“CalX”), through an Asset Purchase Agreement. Pursuant to the terms of the Asset Purchase Agreement, RMR Aggregates purchased substantially all of the assets associated with the Mid-Continent Limestone Quarry on 41 BLM unpatented placer mining claims in Garfield County, Colorado, including the mining claims, improvements, access rights, water rights, equipment, inventory, contracts, permits, certain intellectual property rights, and other tangible and intangible assets associated with the limestone mining operation. On January 3, 2017, we amended the Articles of Incorporation of RMR IP, Inc. to rename the corporation RMR Logistics, Inc. (“RMR Logistics”). RMR Logistics operates as a wholly-owned subsidiary of the Company and provides transportation and logistics services. During January 2018, the Company formed Rail Land Company, LLC (“Rail Land Company”) as a wholly-owned subsidiary to acquire and develop a rail terminal and services facility (“Rail Park”). Rail Land Company purchased an acreage position in Bennett, Colorado. The acreage is in the process of being entitled and rezoned for the development of the Rail Park. Basis of Presentation and Consolidation The accompanying unaudited consolidated financial statements for the period ended December 31, 2018 have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information in accordance with SEC Regulation S-X Rule 8-03. The unaudited condensed consolidated financial statements include the financial condition and results of operations of RMR Logistics and Rail Land Company as well as our majority-owned subsidiary RMR Aggregates, and intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, the unaudited condensed consolidated financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position as of December 31, 2018 and the results of operations and cash flows for the periods then ended. The financial data and other information disclosed in these notes to the interim consolidated financial statements related to the period are unaudited.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Dec. 31, 2018
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE B – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A summary of significant accounting policies of the Company is presented to assist in understanding the Company’s consolidated financial statements. The accounting policies presented in these footnotes conform to accounting principles generally accepted in the United States of America (“GAAP”) and have been consistently applied in the preparation of the accompanying unaudited interim condensed consolidated financial statements. These consolidated financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates, judgments, and assumptions that impact the reported amounts of assets, liabilities, and expenses, and disclosure of contingent assets and liabilities in the financial statements and accompanying notes. Actual results could materially differ from those estimates. Management considers many factors in selecting appropriate financial accounting policies and controls, and in developing the estimates and assumptions that are used in the preparation of these financial statements. Management must apply significant judgment in this process. In addition, other factors may affect estimates, including: expected business and operational change, sensitivity and volatility associated with the assumptions used in developing estimates, and whether historical trends are expected to be representative of future trends. The estimation process may yield a range of potentially reasonable estimates of the ultimate future outcomes and management must select an amount that falls within that range of reasonable estimates. Although these estimates are based on the Company’s knowledge of current events and actions it may undertake in the future, actual results may ultimately materially differ from those estimated amounts and assumptions used in the preparation of the financial statements. Revenue Recognition Performance obligations are contractual promises to transfer or provide a distinct good or service for a stated price. The Company’s product sales agreements are single-performance obligations that are satisfied at a point in time. Revenue from product sales are recognized when control of the promised good is transferred to the customer, and the performance obligation is met, typically when the product is shipped. Revenue includes product sales of limestone, aggregate materials and other transportation charges to customers, net of discounts, allowances or taxes, as applicable. Cash and Cash Equivalents The Company considers all highly liquid securities with original maturities of three months or less at the date of purchase to be cash equivalents. As of December 31, 2018, the Company had cash of $1,727,400 and no cash equivalents. The Company may occasionally maintain cash balances in excess of amounts insured by the Federal Deposit Insurance Corporation. The amounts are held with major financial institutions and are monitored by management to mitigate credit risk. Inventory Inventory, which primarily represents finished goods, packaging and fuel, is valued at the lower of cost (average) or net realizable value. Other noncurrent assets Other noncurrent assets consist of two security deposits in connection with our office leases in Denver and Los Angeles. Impairment of Long-Lived Assets The Company evaluates its long-lived assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. Asset impairment is considered to exist if the total estimated future cash flows on an undiscounted basis are less than the carrying amount of the asset. Any impairment losses are measured and recorded based on discounted estimated future cash flows and are charged to income on the Company’s consolidated statements of operations. In estimating future cash flows, assets are grouped at the lowest level for which there are identifiable cash flows that are largely independent of future cash flows from other asset groups. The Company’s estimates of future cash flows are based on numerous assumptions, including expected commodity prices, production levels, capital requirements and estimated salvage values. It is possible that actual future cash flows will be significantly different than the estimates, as actual future quantities of recoverable material, future commodity prices, production levels and costs and capital are each subject to significant risks and uncertainties. As of March 31, 2018, the Company’s mineral resources do not meet the definition of proven or probable reserves or value beyond proven or probable reserves and any potential revenue from those resources has been excluded from the cash flow assumptions. Accordingly, recoverability of the long-lived assets’ capitalized cost is based primarily on estimated salvage values or alternative future uses. Fair Value Measurements The fair value of a financial instrument is the amount that could be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Financial assets are marked to bid prices and financial liabilities are marked to offer prices. Fair value measurements do not include transaction costs. A fair value hierarchy is used to prioritize the quality and reliability of the information used to determine fair values. Categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fair value hierarchy is defined into the following three categories: - Level 1: Quoted market prices in active markets for identical assets or liabilities - Level 2: Observable market-based inputs or inputs that are corroborated by market data - Level 3: Unobservable inputs that are not corroborated by market data Accounting for Asset Retirement Obligations and Accrued Reclamation Liability The Company provides for obligations associated with the retirement of long-lived assets and the associated asset retirement costs. The fair value of a liability for an asset retirement obligation is recognized in the period in which it is identified, if a reasonable estimate of fair value can be made. The associated fair value of asset retirement costs is capitalized as part of the carrying amount of the long-lived asset. Costs are estimated in current dollars, inflated until the expected time of payment using an inflation rate of 2.15%, and then discounted back to present value using a credit-adjusted rate of reflect the Company’s credit rating. Net Loss per Common Share Basic net loss per common share is calculated by dividing the net loss attributable to common stockholders by the weighted average number of common shares outstanding during the period, without consideration of the potentially dilutive effects of converting stock options or restricted stock purchase rights outstanding. Diluted net loss per common share is calculated by dividing the net loss attributable to common stockholders by the weighted average number of common shares outstanding during the period and the potential dilutive effects of stock options or restricted stock purchase rights outstanding during the period determined using the treasury stock method. There are no such anti-dilutive common share equivalents outstanding as December 31, 2018 that were excluded from the calculation of diluted loss per common share. Income Taxes The Company accounts for income taxes under the asset and liability method, which requires, among other things, that deferred income taxes be provided for temporary differences between the tax bases of the Company's assets and liabilities and their financial statement reported amounts. Under this method, deferred tax assets and liabilities are determined on the basis of the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized as income in the period that includes the enactment date. A valuation allowance is recorded by the Company when it is more likely than not that some portion or all of a deferred tax asset will not be realized. In making such a determination, management considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, and ongoing prudent and feasible tax planning strategies in assessing the amount of the valuation allowance. When the Company establishes or reduces the valuation allowance against its deferred tax assets, its provision for income taxes will increase or decrease, respectively, in the period such determination is made. Additionally, 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 sustained on examination by the taxing authorities based on the technical merits of the position. The tax benefit recognized in the financial statements for a particular tax position is based on the largest benefit that is more likely than not to be realized upon settlement. Accordingly, the Company establishes reserves for uncertain tax positions. The Company has not recognized interest or penalties in its statement of operations and comprehensive loss since inception. Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases , which will result in lessees recognizing most leases on the balance sheet. Lessees will be required to disclose more quantitative and qualitative information about their leases than current U.S. GAAP requires. The ASU is effective for public entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. We are beginning to compile all operating and capital leases to assess the impact of adopting this standard. Management believes recently issued accounting pronouncements will have no impact on the financial statements of the Company.

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	9 Months Ended
	Dec. 31, 2018
ACCOUNTS RECEIVABLE
ACCOUNTS RECEIVABLE	NOTE C – ACCOUNTS RECEIVABLE Accounts Receivable at December 31, 2018 was $50,211 compared to $79,630 at March 31, 2018. The decrease is due to a decrease in production and product demand. No allowance is recorded, as all items are current.

INVENTORY

INVENTORY	9 Months Ended
	Dec. 31, 2018
INVENTORY
INVENTORY	NOTE D – INVENTORY Inventory, which primarily represents finished goods, packaging and fuel, are valued at the lower of cost (average) or market. Finished goods and propane and fuel were not inventoried at December 31, 2018 due to immateriality. December 31, March 31, 2018 2018 Blasted Rock $ 50,638 $ 37,157 Finished Goods $ 2,048 $ 3,180 Packaging $ 6,935 $ 9,614 Propane and Fuel $ 3,500 $ 4,339 Total $ 63,121 $ 54,290

GOING CONCERN

GOING CONCERN	9 Months Ended
	Dec. 31, 2018
GOING CONCERN
GOING CONCERN	NOTE E – GOING CONCERN The Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company does not have significant cash or other current assets, nor does it have an established source of revenues sufficient to cover its operating costs and to allow it to continue as a going concern. The Company’s net loss and working capital deficit raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements have been prepared on a going-concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The financial statements for the nine months ended December 31, 2018 do not include any adjustments to reflect the possible future effects of the recoverability and classification of assets or the amounts and classification of liabilities that may result from uncertainty related to the Company’s ability to continue as a going concern. The Company may never become profitable, and if it does, it may not be able to sustain profitability on a recurring basis. Under the going concern assumption, an entity is ordinarily viewed as continuing in business for the foreseeable future with neither the intention nor the necessity of liquidation, ceasing trading, or seeking protection from creditors pursuant to laws or regulations. Accordingly, assets and liabilities are recorded on the basis that the entity will be able to realize its assets and discharge its liabilities in the normal course of business. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish its business plan and eventually attain profitable operations. The accompanying financial statements do not include any adjustments that may be necessary if the Company is unable to continue as a going concern. During the next year, the Company’s foreseeable cash requirements will relate to continued development of its business, maintaining its good standing and making the requisite filings with the SEC, and the payment of expenses associated with research and development. The Company may experience a cash shortfall and be required to raise additional capital. Historically, the Company has mostly relied upon funds from the sale of shares of stock and from acquiring loans to finance its operations and growth. Management may raise additional capital through future public or private offerings of the Company’s stock or through loans from private investors, although there can be no assurance that it will be able to obtain such financing. The Company’s failure to do so could have a material and adverse effect upon it and its shareholders. In the past year, the Company funded operations by using cash proceeds received through the issuance of common stock and proceeds from related party debt. For the coming year, the Company plans to continue to fund its activities through debt and securities issuances until it generates enough revenue to sustain its operations.

NOTE PAYABLE

NOTE PAYABLE	9 Months Ended
	Dec. 31, 2018
NOTE PAYABLE
NOTE PAYABLE	NOTE F – NOTE PAYABLE On October 3, 2016, the Company entered into a Note Purchase Agreement (the “Note Purchase Agreement”) with RMR Aggregates and Central Valley Administrators Inc., a Nevada corporation (“CVA”). Pursuant to the terms of the Note Purchase Agreement, RMR Aggregates sold to CVA, and CVA purchased from RMR Aggregates, a 10% promissory note in an aggregate principal amount of $2,250,000 (the “Note”). The Note matured on October 3, 2018. Effective on that date, RMR Aggregates used proceeds from the sale of common stock and available cash for the repayment of the principal amount of the Note. In connection with the Note being paid in full in accordance with the Note Purchase Agreement, CVA converted all of its 20,000 shares of RMR Aggregates common stock into 20,000 shares of the Company’s Class B common stock in December 2018.

EQUIPMENT LOAN AND CAPITAL LEAS

EQUIPMENT LOAN AND CAPITAL LEASE PAYABLE	9 Months Ended
	Dec. 31, 2018
EQUIPMENT LOAN AND CAPITAL LEASE PAYABLE
EQUIPMENT LOAN AND CAPITAL LEASE PAYABLE	NOTE G – EQUIPMENT LOAN AND CAPITAL LEASE PAYABLE The Company has entered into various equipment loans with an equipment manufacturer in connection with the CalX acquisition, pursuant to which we acquired equipment with an aggregate principal value of approximately $582,709. The equipment loans require payments over 37‑60 months at a fixed interest rate from 1.99% to 4.78%. The Company’s obligations under these contracts are collateralized by the equipment purchased. The Company also has a capital lease agreement which was assumed in connection with the CalX acquisition. The capital lease has a remaining term of 12 months for mining equipment, which is included as part of property, plant and equipment. Depreciation related to capital lease assets is included in depreciation expense. Future payments on capital lease obligations are as follows: Fiscal year ended December 31,2018: 2019 $ 41,263 2020 — Total future minimum lease payments $ 41,263

TRANSACTIONS WITH RELATED PARTI

TRANSACTIONS WITH RELATED PARTIES	9 Months Ended
	Dec. 31, 2018
TRANSACTIONS WITH RELATED PARTIES
TRANSACTIONS WITH RELATED PARTIES	NOTE H – TRANSACTIONS WITH RELATED PARTIES Since inception, the Company accrued $110,000 in amounts owed to related parties for services performed or reimbursement of costs on behalf of the Company. In addition, the Company has accrued $1,435,000 for unpaid officers’ compensation expense in accordance with consulting agreements with our Chief Executive Officer and President. Under the terms of each consulting agreement, each consultant shall serve as an executive officer to the Company and receive monthly compensation of $35,000. The consulting agreements may be terminated by either party for breach or upon thirty days prior written notice.

SHAREHOLDERS' DEFICIT

SHAREHOLDERS' DEFICIT	9 Months Ended
	Dec. 31, 2018
SHAREHOLDERS' DEFICIT
SHAREHOLDERS' DEFICIT	NOTE I – SHAREHOLDERS’ DEFICIT Reverse Stock Split On September 4, 2015, the Company implemented a reverse stock split of all of its authorized and issued and outstanding shares of Class B Common Stock in ratio of one-for-twenty. All historical and per share amounts have been adjusted to reflect the reverse stock split. Preferred Stock The Company has authorized 50,000,000 shares of preferred stock for issuance. At December 31, 2018, no preferred stock was issued and outstanding. Common Stock The Company has authorized 2,100,000,000 shares of common stock for issuance, including 2,000,000,000 shares of Class A Common Stock and 100,000,000 shares of Class B Common Stock. At December 31, 2018, the Company had 35,785,858 shares of Class A Common Stock issued and outstanding and 3,907,252 and 2,868,967 shares of Class B Common Stock issued and 3,175,634 and 2,703,967 shares of Class B Common Stock outstanding, respectively. The holders of Class A Common Stock have the right to vote on all matters on which stockholders have the right to vote. The holders of Class B Common Stock have the right to vote solely on matters where the vote of such holders is explicitly required under Nevada law. The holders of Class A Common Stock and Class B Common stock have equal distribution rights, provided that distributions made in the form of securities shall be made in either identical securities or securities with similar voting characteristics. The holders of Class A Common Stock and Class B Common Stock will be entitled to receive identical per-share consideration upon a merger, conversion or exchange of the Company with another entity, and will have equal rights upon a dissolution, liquidation or winding-up of the Company. Pursuant to an Equity Conversion Agreement between CVA, RMR Aggregates and RMRI dated December 13, 2018, CVA elected to exercise its right to convert its common stock of RMR Aggregates into shares of RMRI Class B Common Stock at a ratio of 1.0 share of RMR Aggregates common stock to 7.5 shares of RMRI Class B Common Stock. On January 3, 2019, CVA received 150,000 shares of RMRI Class B Common Stock pursuant to such exercise. During the nine months ended December 31, 2018, accredited investors exercised warrants to purchase 460,417 shares of Class B Common Stock for which the Company received $6,573,761 in gross proceeds. During the same period, RMR Aggregates entered into a subscription agreement with an accredited investor to issue and sell 5,263 shares of RMR Aggregates common stock; this issuance and sale generated gross proceeds of $2,500,000. The Company used proceeds from the sale and available cash for the repayment of outstanding indebtedness.

SELLING GENERAL AND ADMINISTRAT

SELLING GENERAL AND ADMINISTRATIVE COSTS	9 Months Ended
	Dec. 31, 2018
SELLING, GENERAL AND ADMINISTRATIVE COSTS
SELLING, GENERAL AND ADMINISTRATIVE COSTS	NOTE J – SELLING, GENERAL AND ADMINISTRATIVE COSTS Selling, general and administrative costs for the nine-month period ended December 31, 2018 increased from $4,063,951 in December 2017 to $6,267,829 in December 2018. Increases in salaries, employee benefits, marketing, stock-based compensation and consulting fees were primarily responsible for this increase. Selling, general and administrative costs for the nine-month period ended December 31, 2018 also included a one-time charge of $1,142,772 to write off previously capitalized development costs as the Company is an exploration stage entity under applicable accounting guidance.

INTEREST EXPENSE

INTEREST EXPENSE	9 Months Ended
	Dec. 31, 2018
INTEREST EXPENSE
INTEREST EXPENSE	NOTE K – INTEREST EXPENSE The interest expense for the nine months ended December 31, 2018 is primarily the result of a note payable of $2,250,000 entered into October 3, 2016. On October 3, 2018, RMR Aggregates used proceeds from the sale of common stock and available cash for the repayment of the principal amount of CVA’s Note. In connection with CVA’s Note being paid in full in accordance with the Note Purchase Agreement, CVA converted all of its RMR Aggregates Shares into Class B common stock of the Company in December 2018.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Dec. 31, 2018
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE L – SUBSEQUENT EVENTS On April 26, 2019, RMR Logistics, Inc., a wholly-owned subsidiary of the Company, entered into an asset purchase agreement with H2K, LLC, a Colorado limited liability company (“the Seller”). The Seller owned and operated a business that provides trucking, hauling, paving, road building, dirt work, sewer line, and demolition services. Pursuant to an Asset Purchase Agreement with the Seller, RMR Logistics, Inc. purchased from Seller all furniture, fixtures, equipment, customer lists, and other property relating to the business for $2,200,000.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Dec. 31, 2018
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates, judgments, and assumptions that impact the reported amounts of assets, liabilities, and expenses, and disclosure of contingent assets and liabilities in the financial statements and accompanying notes. Actual results could materially differ from those estimates. Management considers many factors in selecting appropriate financial accounting policies and controls, and in developing the estimates and assumptions that are used in the preparation of these financial statements. Management must apply significant judgment in this process. In addition, other factors may affect estimates, including: expected business and operational change, sensitivity and volatility associated with the assumptions used in developing estimates, and whether historical trends are expected to be representative of future trends. The estimation process may yield a range of potentially reasonable estimates of the ultimate future outcomes and management must select an amount that falls within that range of reasonable estimates. Although these estimates are based on the Company’s knowledge of current events and actions it may undertake in the future, actual results may ultimately materially differ from those estimated amounts and assumptions used in the preparation of the financial statements.
Revenue Recognition	Revenue Recognition Performance obligations are contractual promises to transfer or provide a distinct good or service for a stated price. The Company’s product sales agreements are single-performance obligations that are satisfied at a point in time. Revenue from product sales are recognized when control of the promised good is transferred to the customer, and the performance obligation is met, typically when the product is shipped. Revenue includes product sales of limestone, aggregate materials and other transportation charges to customers, net of discounts, allowances or taxes, as applicable.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid securities with original maturities of three months or less at the date of purchase to be cash equivalents. As of December 31, 2018, the Company had cash of $1,727,400 and no cash equivalents. The Company may occasionally maintain cash balances in excess of amounts insured by the Federal Deposit Insurance Corporation. The amounts are held with major financial institutions and are monitored by management to mitigate credit risk.
Inventory	Inventory Inventory, which primarily represents finished goods, packaging and fuel, is valued at the lower of cost (average) or net realizable value.
Other noncurrent assets	Other noncurrent assets Other noncurrent assets consist of two security deposits in connection with our office leases in Denver and Los Angeles.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company evaluates its long-lived assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. Asset impairment is considered to exist if the total estimated future cash flows on an undiscounted basis are less than the carrying amount of the asset. Any impairment losses are measured and recorded based on discounted estimated future cash flows and are charged to income on the Company’s consolidated statements of operations. In estimating future cash flows, assets are grouped at the lowest level for which there are identifiable cash flows that are largely independent of future cash flows from other asset groups. The Company’s estimates of future cash flows are based on numerous assumptions, including expected commodity prices, production levels, capital requirements and estimated salvage values. It is possible that actual future cash flows will be significantly different than the estimates, as actual future quantities of recoverable material, future commodity prices, production levels and costs and capital are each subject to significant risks and uncertainties. As of March 31, 2018, the Company’s mineral resources do not meet the definition of proven or probable reserves or value beyond proven or probable reserves and any potential revenue from those resources has been excluded from the cash flow assumptions. Accordingly, recoverability of the long-lived assets’ capitalized cost is based primarily on estimated salvage values or alternative future uses.
Fair Value Measurements	Fair Value Measurements The fair value of a financial instrument is the amount that could be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Financial assets are marked to bid prices and financial liabilities are marked to offer prices. Fair value measurements do not include transaction costs. A fair value hierarchy is used to prioritize the quality and reliability of the information used to determine fair values. Categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fair value hierarchy is defined into the following three categories: - Level 1: Quoted market prices in active markets for identical assets or liabilities - Level 2: Observable market-based inputs or inputs that are corroborated by market data - Level 3: Unobservable inputs that are not corroborated by market data
Accounting for Asset Retirement Obligations and Accrued Reclamation Liability	Accounting for Asset Retirement Obligations and Accrued Reclamation Liability The Company provides for obligations associated with the retirement of long-lived assets and the associated asset retirement costs. The fair value of a liability for an asset retirement obligation is recognized in the period in which it is identified, if a reasonable estimate of fair value can be made. The associated fair value of asset retirement costs is capitalized as part of the carrying amount of the long-lived asset. Costs are estimated in current dollars, inflated until the expected time of payment using an inflation rate of 2.15%, and then discounted back to present value using a credit-adjusted rate of reflect the Company’s credit rating.
Net Loss per Common Share	Net Loss per Common Share Basic net loss per common share is calculated by dividing the net loss attributable to common stockholders by the weighted average number of common shares outstanding during the period, without consideration of the potentially dilutive effects of converting stock options or restricted stock purchase rights outstanding. Diluted net loss per common share is calculated by dividing the net loss attributable to common stockholders by the weighted average number of common shares outstanding during the period and the potential dilutive effects of stock options or restricted stock purchase rights outstanding during the period determined using the treasury stock method. There are no such anti-dilutive common share equivalents outstanding as December 31, 2018 that were excluded from the calculation of diluted loss per common share.
Income Taxes	Income Taxes The Company accounts for income taxes under the asset and liability method, which requires, among other things, that deferred income taxes be provided for temporary differences between the tax bases of the Company's assets and liabilities and their financial statement reported amounts. Under this method, deferred tax assets and liabilities are determined on the basis of the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized as income in the period that includes the enactment date. A valuation allowance is recorded by the Company when it is more likely than not that some portion or all of a deferred tax asset will not be realized. In making such a determination, management considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, and ongoing prudent and feasible tax planning strategies in assessing the amount of the valuation allowance. When the Company establishes or reduces the valuation allowance against its deferred tax assets, its provision for income taxes will increase or decrease, respectively, in the period such determination is made. Additionally, 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 sustained on examination by the taxing authorities based on the technical merits of the position. The tax benefit recognized in the financial statements for a particular tax position is based on the largest benefit that is more likely than not to be realized upon settlement. Accordingly, the Company establishes reserves for uncertain tax positions. The Company has not recognized interest or penalties in its statement of operations and comprehensive loss since inception.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases , which will result in lessees recognizing most leases on the balance sheet. Lessees will be required to disclose more quantitative and qualitative information about their leases than current U.S. GAAP requires. The ASU is effective for public entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. We are beginning to compile all operating and capital leases to assess the impact of adopting this standard. Management believes recently issued accounting pronouncements will have no impact on the financial statements of the Company.

INVENTORY (Tables)

INVENTORY (Tables)	9 Months Ended
	Dec. 31, 2018
INVENTORY
Schedule of inventory	December 31, March 31, 2018 2018 Blasted Rock $ 50,638 $ 37,157 Finished Goods $ 2,048 $ 3,180 Packaging $ 6,935 $ 9,614 Propane and Fuel $ 3,500 $ 4,339 Total $ 63,121 $ 54,290

EQUIPMENT LOAN AND CAPITAL LE_2

EQUIPMENT LOAN AND CAPITAL LEASE PAYABLE (Tables)	9 Months Ended
	Dec. 31, 2018
EQUIPMENT LOAN AND CAPITAL LEASE PAYABLE
Schedule of future minimum lease	2019 $ 41,263 2020 — Total future minimum lease payments $ 41,263

FORMATION, CORPORATE CHANGES,_2

FORMATION, CORPORATE CHANGES, AND MATERIAL MERGERS AND ACQUISITIONS (Details)	Oct. 12, 2016item	Nov. 17, 2014USD ($)shares
Formation Corporate Changes and Material Mergers And Acquisitions [Line Items]
Number of BLM unpatented placer mining claims | item	41
Rocky Mountain Resource Holdings LLC [Member]
Formation Corporate Changes and Material Mergers And Acquisitions [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares		5,200,000
Business Acquisition, Percentage of Voting Interests Acquired		69.06%
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $		$ 357,670

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	9 Months Ended
	Dec. 31, 2018USD ($)itemshares	Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Mar. 31, 2017USD ($)
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Cash	$ 1,727,400	$ 814,621	$ 500,568	$ 1,608,094
Cash equivalents	$ 0
Inflation Rate	2.15%
Number of security deposits | item	2
Anti-dilutive common share equivalents excluded from the calculation of diluted loss per common share | shares	0

ACCOUNTS RECEIVABLE (Details)

ACCOUNTS RECEIVABLE (Details) - USD ($)	Dec. 31, 2018	Mar. 31, 2018
ACCOUNTS RECEIVABLE
Accounts Receivable, Net, Current	$ 50,211	$ 79,630
Allowance for Doubtful Accounts Receivable	$ 0

INVENTORY (Details)

INVENTORY (Details) - USD ($)	Dec. 31, 2018	Mar. 31, 2018
INVENTORY
Blasted Rock	$ 50,638	$ 37,157
Finished Goods	2,048	3,180
Packaging	6,935	9,614
Propane and Fuel	3,500	4,339
Total	$ 63,121	$ 54,290

NOTE PAYABLE (Details)

NOTE PAYABLE (Details) - USD ($)	Mar. 31, 2018	Oct. 03, 2016
Principal value		$ 2,250,000
Note payable, net	$ 2,247,213
Central Valley Administrators Inc [Member] | Promissory Note [Member]
Principal value		$ 2,250,000

NOTE PAYABLE - Textual (Details

NOTE PAYABLE - Textual (Details) - USD ($)	Jan. 03, 2019	Oct. 03, 2016	Dec. 31, 2018	Dec. 31, 2018
Debt Instrument, Face Amount		$ 2,250,000
Promissory Note [Member] | Central Valley Administrators Inc [Member]
Debt Instrument, Face Amount		$ 2,250,000
Conversion of Stock, Shares Converted		20,000
Common Class B [Member]
Conversion of Stock, Shares Issued				150,000
Common Class B [Member] | RMR Aggregates Shares [Member]
Conversion of Stock, Shares Issued	150,000
Common Class B [Member] | Note Purchase Agreement [Member] | RMR Aggregates Shares [Member]
Conversion of Stock, Shares Issued			20,000

EQUIPMENT LOAN AND CAPITAL LE_3

EQUIPMENT LOAN AND CAPITAL LEASE PAYABLE - Future Minimum Lease Payments (Details)	Dec. 31, 2018USD ($)
EQUIPMENT LOAN AND CAPITAL LEASE PAYABLE
2019	$ 41,263
2020	0
Total future minimum lease payments	$ 41,263

EQUIPMENT LOAN AND CAPITAL LE_4

EQUIPMENT LOAN AND CAPITAL LEASE PAYABLE (Details)	9 Months Ended
	Dec. 31, 2018USD ($)
Minimum [Member] | Equipment Loan [Member]
Debt Instrument, Term	37 months
Debt Instrument, Interest Rate, Stated Percentage	1.99%
Maximum [Member] | Equipment Loan [Member]
Debt Instrument, Term	60 months
Debt Instrument, Interest Rate, Stated Percentage	4.78%
Equipment [Member]
Capital Leased Assets, Gross	$ 582,709
Capital Lease Agreement [Member]
Capital Lease Remaining Term	12 months

TRANSACTIONS WITH RELATED PAR_2

TRANSACTIONS WITH RELATED PARTIES (Details)	9 Months Ended
	Dec. 31, 2018USD ($)
Related Party Transaction [Line Items]
Accrued Liabilities	$ 110,000
Number of days prior written notice for termination of consulting agreements	30 days
Officer [Member]
Related Party Transaction [Line Items]
Officers' Compensation	$ 35,000
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Accrued Salaries, Current	$ 1,435,000

SHAREHOLDERS' DEFICIT (Details)

SHAREHOLDERS' DEFICIT (Details)	Jan. 03, 2019shares	Sep. 04, 2015	Dec. 31, 2018shares	Jun. 30, 2019shares	Dec. 31, 2018shares	Dec. 31, 2018USD ($)shares	Dec. 31, 2017USD ($)	Dec. 13, 2018shares	Mar. 31, 2018shares
Preferred Stock, Shares Authorized			50,000,000		50,000,000	50,000,000			50,000,000
Preferred Stock, Shares Issued			0		0	0			0
Preferred Stock, Shares Outstanding			0		0	0			0
RMR Aggregates Shares [Member]
Proceeds from Issuance of Common Stock | $						$ (2,500,000)
Common Stock [Member]
Common Stock, Shares Authorized			2,100,000,000		2,100,000,000	2,100,000,000
Proceeds from Issuance of Common Stock | $						$ 2,500,000
Sale of Stock, Number of Shares Issued in Transaction				5,263
Common Class A [Member]
Common Stock, Shares Authorized			2,000,000,000		2,000,000,000	2,000,000,000			2,000,000,000
Common Stock, Shares, Issued			35,785,858		35,785,858	35,785,858			35,785,858
Common Stock, Shares, Outstanding			35,785,858		35,785,858	35,785,858			35,785,858
Common Class B [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio		0.05
Common Stock, Shares Authorized			100,000,000		100,000,000	100,000,000			100,000,000
Common Stock, Shares, Issued			3,907,252		3,907,252	3,907,252			2,868,967
Common Stock, Shares, Outstanding			3,175,634		3,175,634	3,175,634			2,703,967
Proceeds from Issuance of Common Stock | $						$ 6,573,761	$ 3,299,979
Sale of Stock, Number of Shares Issued in Transaction						460,417
Conversion of Stock, Shares Issued					150,000
Common Class B [Member] | RMR Aggregates Shares [Member]
Conversion of Stock, Shares Issued	150,000
Common Class B [Member] | Note Purchase Agreement [Member]
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right								7.5
Common Class B [Member] | Note Purchase Agreement [Member] | RMR Aggregates Shares [Member]
Conversion of Stock, Shares Issued			20,000

SELLING GENERAL AND ADMINISTR_2

SELLING GENERAL AND ADMINISTRATIVE COSTS (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
SELLING, GENERAL AND ADMINISTRATIVE COSTS
Selling, General and Administrative Expense	$ 3,115,163	$ 1,382,517	$ 6,267,829	$ 4,063,951
Selling General And Administrative Expense, Development Costs			$ 1,142,772

INTEREST EXPENSE (Details)

INTEREST EXPENSE (Details)	Oct. 03, 2016USD ($)
INTEREST EXPENSE
Debt Instrument, Face Amount	$ 2,250,000

SUBSEQUENT EVENTS (Details Text

SUBSEQUENT EVENTS (Details Textual) $ in Thousands	Apr. 26, 2019USD ($)
Subsequent Event [Member]
Subsequent Event [Line Items]
Payments to Acquire Productive Assets	$ 2,200