Cover
Cover - shares | 6 Months Ended | |
Sep. 30, 2021 | Nov. 05, 2021 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Sep. 30, 2021 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2021 | |
Current Fiscal Year End Date | --03-31 | |
Entity File Number | 333-190235 | |
Entity Registrant Name | ALTAIR INTERNATIONAL CORP. | |
Entity Central Index Key | 0001570937 | |
Entity Tax Identification Number | 99-0385465 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 322 North Shore Drive | |
Entity Address, Address Line Two | Building 1B, Suite 200 | |
Entity Address, City or Town | Pittsburgh | |
Entity Address, State or Province | PA | |
Entity Address, Postal Zip Code | 15212 | |
City Area Code | 412 | |
Local Phone Number | 770-3140 | |
Title of 12(b) Security | Common | |
Trading Symbol | ATAO | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 569,818,735 |
CONSOLIDATED BALANCE SHEETS (Un
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) | Sep. 30, 2021 | Mar. 31, 2021 |
Current Assets: | ||
Cash | $ 28,336 | $ 122,155 |
Prepaids | 7,797 | 10,000 |
Total Current Assets | 36,133 | 132,155 |
Advanced royalty payments | 25,000 | 25,000 |
10% ownership in Stonewall and Kingman properties | 75,000 | 75,000 |
Total Assets | 136,133 | 232,155 |
Current Liabilities: | ||
Accounts payable | 10,795 | 70,347 |
Loans payable | 29,155 | 24,155 |
Interest payable | 23,132 | 7,695 |
Convertible notes payable, net of debt discount of $282,066 and $0, respectively | 252,934 | 41,977 |
Derivative liability | 332,759 | 142,642 |
Total Current Liabilities | 648,775 | 286,816 |
Loans payable | 95,000 | 325,000 |
Total Liabilities | 743,775 | 611,816 |
Stockholders' Deficit: | ||
Preferred Stock, $0.001 par value, 10,000,000 shares authorized, no shares issued | ||
Common Stock, $0.001 par value, 5,000,000,000 shares authorized; 569,018,735 and 550,027,235 shares issued and outstanding, respectively | 569,020 | 550,028 |
Common stock to be issued | 26,000 | 522,000 |
Additional paid in capital | 13,506,461 | 11,443,973 |
Accumulated deficit | (14,709,123) | (12,895,662) |
Total Stockholders' Deficit | (607,642) | (379,661) |
Total Liabilities and Stockholders' Deficit | $ 136,133 | $ 232,155 |
CONSOLIDATED BALANCE SHEETS (_2
CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) | Sep. 30, 2021 | Mar. 31, 2021 |
Statement of Financial Position [Abstract] | ||
Discount on convertible notes payable | $ 282,066 | $ 0 |
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 0 | 0 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 5,000,000,000 | 5,000,000,000 |
Common stock, shares issued | 569,018,735 | 550,027,235 |
Common stock, shares issued | 569,018,735 | 550,027,235 |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Operating Expenses: | ||||
Mining exploration expense | $ 165,513 | $ 56,126 | $ 331,530 | $ 56,126 |
Consulting | 595,093 | 1,292,862 | ||
Compensation - related party | 12,000 | 24,000 | ||
Director fees | 7,500 | 15,000 | ||
General and administrative | 58,483 | 43,951 | 124,912 | 80,930 |
Total operating expenses | 838,589 | 100,077 | 1,788,304 | 137,056 |
Loss from operations | (838,589) | (100,077) | (1,788,304) | (137,056) |
Other Income (Expense): | ||||
Interest expense | (136,392) | (1,806) | (230,662) | (2,539) |
Other expense | (32,000) | (32,000) | ||
Gain on conversion of debt | 3,269 | |||
Change in fair value | 190,761 | (1,452) | 450,166 | (3,037) |
Loss on settlement of debt | (817) | (5,647) | ||
Loss on issuance of convertible debt | (2,372) | (210,283) | ||
Total other income (expense) | 19,180 | (3,258) | (25,157) | (5,576) |
Loss before provision for income taxes | (819,409) | (103,335) | (1,813,461) | (142,632) |
Provision for income taxes | ||||
Net Loss | $ (819,409) | $ (103,335) | $ (1,813,461) | $ (142,632) |
Loss per share, basic and diluted | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average shares outstanding, basic and diluted | 564,634,496 | 516,254,292 | 558,933,691 | 507,356,965 |
CONSOLIDATED STATEMENT OF STOCK
CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | AOCI Attributable to Parent [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Mar. 31, 2020 | $ 496,732 | $ 350,694 | $ (901,138) | $ (53,712) | |
Beginning balance, shares at Mar. 31, 2020 | 496,732,553 | ||||
Shares issued for Officer services | $ 4,000 | 4,000 | |||
Shares issued for Officer services, shares | 4,000,000 | ||||
Shares issued for debt - former related party | $ 11,000 | 2,315 | 13,315 | ||
Shares issued for debt - former related party, shares | 11,000,000 | ||||
Net loss | (39,298) | (39,298) | |||
Ending balance, value at Jun. 30, 2020 | $ 511,732 | 353,009 | (940,436) | (75,695) | |
Ending balance, shares at Jun. 30, 2020 | 511,732,553 | ||||
Beginning balance, value at Mar. 31, 2020 | $ 496,732 | 350,694 | (901,138) | (53,712) | |
Beginning balance, shares at Mar. 31, 2020 | 496,732,553 | ||||
Net loss | (142,632) | ||||
Ending balance, value at Sep. 30, 2020 | $ 537,732 | 353,009 | 450 | (1,043,771) | (152,580) |
Ending balance, shares at Sep. 30, 2020 | 538,182,553 | ||||
Beginning balance, value at Jun. 30, 2020 | $ 511,732 | 353,009 | (940,436) | (75,695) | |
Beginning balance, shares at Jun. 30, 2020 | 511,732,553 | ||||
Shares issued for Officer services | $ 26,000 | 26,000 | |||
Shares issued for Officer services, shares | 26,000,000 | ||||
Net loss | (103,335) | (103,335) | |||
Ending balance, value at Sep. 30, 2020 | $ 537,732 | 353,009 | 450 | (1,043,771) | (152,580) |
Ending balance, shares at Sep. 30, 2020 | 538,182,553 | ||||
Shares issued for services | 450 | 450 | |||
Shares issued for services, shares | 450,000 | ||||
Beginning balance, value at Mar. 31, 2021 | $ 550,028 | 11,443,973 | 522,000 | (12,895,662) | (379,661) |
Beginning balance, shares at Mar. 31, 2021 | 550,027,235 | ||||
Net loss | (994,052) | (994,052) | |||
Ending balance, value at Jun. 30, 2021 | $ 556,420 | 12,372,061 | 390,000 | (13,889,714) | (571,233) |
Ending balance, shares at Jun. 30, 2021 | 556,418,735 | ||||
Shares issued for services, shares | 6,100,000 | ||||
Shares issued for debt | $ 292 | 34,188 | 34,480 | ||
Shares issued for debt, shares | 291,500 | ||||
Shares issued for services | $ 6,100 | 893,900 | (132,000) | 768,000 | |
Beginning balance, value at Mar. 31, 2021 | $ 550,028 | 11,443,973 | 522,000 | (12,895,662) | (379,661) |
Beginning balance, shares at Mar. 31, 2021 | 550,027,235 | ||||
Net loss | (1,813,461) | ||||
Ending balance, value at Sep. 30, 2021 | $ 569,020 | 13,497,561 | 34,900 | (14,709,123) | (607,642) |
Ending balance, shares at Sep. 30, 2021 | 569,018,735 | ||||
Beginning balance, value at Jun. 30, 2021 | $ 556,420 | 12,372,061 | 390,000 | (13,889,714) | (571,233) |
Beginning balance, shares at Jun. 30, 2021 | 556,418,735 | ||||
Net loss | (819,409) | (819,409) | |||
Ending balance, value at Sep. 30, 2021 | $ 569,020 | 13,497,561 | 34,900 | (14,709,123) | (607,642) |
Ending balance, shares at Sep. 30, 2021 | 569,018,735 | ||||
Shares issued for services, shares | 12,350,000 | ||||
Shares issued for debt | $ 250 | 11,850 | 26,900 | 38,750 | |
Shares issued for debt, shares | 250,000 | ||||
Shares issued for services | $ 12,350 | $ 1,113,650 | $ (382,000) | $ 744,000 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 6 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
CASH FLOW FROM OPERATING ACTIVITIES: | ||
Net loss | $ (1,813,461) | $ (142,632) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Debt discount expense | 210,956 | |
Stock based compensation | 1,525,000 | 30,450 |
Gain on settlement of debt | (3,269) | |
Loss on issuance of convertible debt | 210,283 | |
Loss on settlement of debt | 5,647 | |
Change in fair value | (450,166) | 3,037 |
Changes in Operating Assets and Liabilities: | ||
Prepaids | (7,797) | |
Advances and deposits | 10,000 | 1,789 |
Accounts payable | (1,449) | 15,231 |
Accrued interest | 15,437 | (776) |
Net Cash Used in Operating Activities | (298,819) | (89,587) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Proceeds from convertible notes payable | 430,000 | 112,500 |
Proceeds from notes payable | 75,000 | 9,990 |
Repayment of related party loan | (300,000) | (20,000) |
Net Cash Provided by Financing Activities | 205,000 | 102,490 |
Net (Decrease) Increase in Cash | (93,819) | 12,903 |
Cash at Beginning of Period | 122,155 | 26 |
Cash at End of Period | 28,336 | 12,929 |
Cash paid during the period for: | ||
Interest | 3,315 | |
Income taxes |
NOTE 1 - ORGANIZATION AND BUSIN
NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS | 6 Months Ended |
Sep. 30, 2021 | |
Accounting Policies [Abstract] | |
NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS | NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS Organization and Description of Business ALTAIR INTERNATIONAL CORP. (the "Company" "Altair") was incorporated under the laws of the State of Nevada on December 20, 2012. The Company's physical address is 322 North Shore Drive, Building 1B, Suite 200, Pittsburgh, PA 15212. The Company is in the development stage as defined under Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 915-205 "Development-Stage Entities." Mining Lease The Company is currently engaged in identifying and assessing new business opportunities. In this regard, the Company entered into a Mining Lease effective August 3, 2020 with Oliver Geoservices LLC ("OGS") under which the Company received an exclusive lease to mine certain unpatented lode mining claims known as the Walker Ridge located in Elko County, Nevada for a period of five years. The lease can be extended for an additional twenty years if certain extension payments are made within the term of the lease. The Company made an initial payment of $ 25,000 25,000 25,000 100,000 On or before December 1, 2021 500,000 On or before December 1, 2022 500,000 On or before December 1, 2023 750,000 On or before December 1, 2024 750,000 In addition, a 3 The Company had previously planned to enter into license and distribution agreements for oral thin film nutraceutical products. This plan was abandoned in the 2017 fiscal year as the Company was unable to obtain the working capital required to bring the products to market. Earn-In Agreement On November 23, 2020, the Company entered into an Earn-In Agreement with American Lithium Minerals, Inc. ("AMLM") under which we agreed to make total payments of $ 75,000 to AMLM in exchange for a 10 % undivided interest in 63 unpatented placer mining claims comprised of approximately 1,260 acres, and 3 unpatented lode mining claims in Nevada. This $ 75,000 obligation has been fully satisfied by the Company ($ 30,000 paid 12/8/2020 and $ 45,000 paid 1/5/2021), resulting in Altair owning a 10 % undivided interest in the claims. The Company has the option to increase its ownership interest by an additional 50 % by a total payment of $ 1,300,648 for exploration and development costs as follows: $ 100,648 within year one for an additional 10 /%, $ 600,000 in year two for an additional 20 % and $ 600,000 in year three for an additional 20 % ownership interest. The Earn-In Agreement grants Altair the exclusive right to explore the properties. License and Royalty Agreement On February 10, 2021, the Company entered into a License and Royalty Agreement (the "License Agreement") with St-Georges Eco-Mining Corp. ("SX") and St-Georges Metallurgy Corp. ("SXM") under which Altair has received a perpetual, non-exclusive license from SX of its lithium extraction technology for Altair to develop its lithium bearing prospects in the United States and SXM's EV battery recycling technology for which Altair has agreed to act as exclusive master agent to promote the licensing and deployment of the EV battery recycling technology in North America. Altair has agreed to provide SX with a net revenue interest royalty on all metals and minerals extracted (the "Products") and sold from Altair's mineral interests in the United States and SX has agreed to provide Altair with a 1% trailer fee on any royalty received by SX from the licensing of the SX EV battery recycling technology to each licensee of the SX EV battery recycling technology referred by Altair or Altair's sub-agents. Altair will pay a royalty of 5 3 8,000,000 |
NOTE 2 - SUMMARY OF SIGNIFICANT
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
Sep. 30, 2021 | |
Accounting Policies [Abstract] | |
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The Company's unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP"), and pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC") and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company as of and for the six month period ending September 30, 2021 and not necessarily indicative of the results to be expected for the full year ending March 31, 2022. These unaudited financial statements should be read in conjunction with the financial statements and related notes included in the Company's Annual Report on Form 10-K for the year ended March 31, 2021. Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash. Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents for the six months ended September 30, 2021, or the year ended March 31, 2021. Principles of Consolidation The accompanying consolidated financial statements for the six months ended September 30, 2021, include the accounts of the Company and its wholly owned subsidiary, EV Lithium Solutions, Inc. All significant intercompany transactions have been eliminated in consolidation. Mining Expenses The Company records all mining exploration and evaluation costs as expenses in the period in which they are incurred. Fair Value of Financial Instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification ("Paragraph 820-10-35-37") to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company's financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company's notes payable approximates the fair value of such instruments as the notes bear interest rates that are consistent with current market rates. The following table classifies the Company's liabilities measured at fair value on a recurring basis September 30, 2021 Description Level 1 Level 2 Level 3 Derivative $ - $ - $ 332,759 Total $ - $ - $ 332,759 March 31, 2021 Description Level 1 Level 2 Level 3 Derivative $ - $ - $ 142,642 Total $ - $ - $ 142,642 Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
NOTE 3 - GOING CONCERN
NOTE 3 - GOING CONCERN | 6 Months Ended |
Sep. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NOTE 3 - GOING CONCERN | NOTE 3 - GOING CONCERN The Company's financial statements have been prepared on a going concern basis, which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $ 14,709,123 as of September 30, 2021 Further losses are anticipated in the development of its business raising substantial doubt about the Company's ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from third parties and/or private placement of common stock. |
NOTE 4 - ASSET PURCHASE
NOTE 4 - ASSET PURCHASE | 6 Months Ended |
Sep. 30, 2021 | |
Note 4 - Asset Purchase | |
NOTE 4 - ASSET PURCHASE | NOTE 4 - ASSET PURCHASE On March 19, 2021, the Company, through its newly formed Nevada subsidiary, EV Lithium Solutions, Inc., entered into an Asset Purchase Agreement with CryptoSolar LTD, a company formed under the laws of the United Kingdom, that has energy storage technology for a variety of industries, including electric vehicles, to be used in place of traditional batteries that rely upon chemical reactions rather than an electric field for higher energy output and a longer life than traditional batteries. Under the terms of the Asset Purchase Agreement, CryptoSolar received 2,500,000 900,000 20 The 2,500,000 0.18 450,000 450,000 400,000 0.08 32,000 |
NOTE 5 - CONVERTIBLE NOTES PAYA
NOTE 5 - CONVERTIBLE NOTES PAYABLE | 6 Months Ended |
Sep. 30, 2021 | |
Debt Disclosure [Abstract] | |
NOTE 5 - CONVERTIBLE NOTES PAYABLE | NOTE 5 - CONVERTIBLE NOTES PAYABLE A summary of the Company's convertible notes Note Holder Date Maturity Date Interest Balance 2021 Additions Conversions Balance 2021 Thirty 05, LLC (1) 5/18/2020 5/18/2021 8 % $ 17,500 $ - $ - $ 17,500 Thirty 05, LLC (3) 8/14/2020 8/14/2021 8 % 12,500 - - 12,500 Thirty 05, LLC (3) 12/31/2020 12/20/2021 8 % 75,000 - - 75,000 EROP Enterprises (4) 4/23/2021 4/23/2022 8 % - 400,000 - 400,000 EROP Enterprises (5) 9/9/2021 9/9/2022 8 % - 25,000 - 25,000 Thirty 05, LLC (5) 9/22/2021 9/22/2022 8 % - 5,000 - 5,000 Total $ 105,000 $ 430,000 $ - $ 535,000 Less Discount $ (63,023 ) $ (282,066 ) Total $ 41,977 $ 252,934 Total accrued interest on the above Notes as of September 30, 2021, was $ 19,569 (1) the Note holder has the right to convert all or a portion of the outstanding balance of the Note into common shares of the Company at a rate of the lesser of (i) $0.25 or (ii) 80% of the lowest closing bid price of the common stock in the 15 days prior to conversion. (2) On notice, the Note holder has the right to convert all or a portion of the outstanding balance of the Note into common shares of the Company at a rate of the lesser of (i) $0.25 or (ii) 70% of the lowest closing bid over the prior five trading days prior to conversion. (3) On notice, the Note holder has the right to convert all or a portion of the outstanding balance of the Note into common shares of the Company at a rate of the lesser of (i)$0.25 or 70% of the lowest closing bid price of the common stock in the 15 days prior to conversion. (4) On notice, the Note holder has the right to convert all or a portion of the outstanding balance of the Note into common shares of the Company at a rate of the lesser of (i)$0.25 or 80% of the lowest closing bid price of the common stock in the 5 days prior to conversion. (5) On notice, the Note holder has the right to convert all or a portion of the outstanding balance of the Note into common shares of the Company at a rate of the lesser of (i)$0.10 or 70% of the lowest closing bid price of the common stock in the 5 days prior to conversion. A summary of the activity of the derivative liability for the notes Balance at March 31, 2020 $ 142,642 Increase to derivative due to new issuances 640,283 Decrease to derivative due to conversion/repayments - Derivative gain due to mark to market adjustment (450,166 ) Balance at September 30, 2021 $ 332,759 A summary of quantitative information about significant unobservable inputs (Level 3 inputs) used in measuring the Company's derivative liability that are categorized within Level 3 of the fair value hierarchy Inputs September 30, 2021 Stock price $ 0.0577 Conversion price $ .0399 .0456 Volatility (annual) 86.86 196.78 Risk-free rate .04 .09 Dividend rate - Years to maturity .25 1 |
NOTE 6 - LOANS PAYABLE
NOTE 6 - LOANS PAYABLE | 6 Months Ended |
Sep. 30, 2021 | |
Note 6 - Loans Payable | |
NOTE 6 - LOANS PAYABLE | NOTE 6 - LOANS PAYABLE A summary of the Company's loans payable Note Holder Date Maturity Date Interest Balance 2021 Additions Repayments Balance 2021 Third party 8/24/2020 8/24/2021 0 % 14,165 $ - $ - $ 14,165 Byron Hampton 8/24/2020 8/24/2021 8 % 9,990 - - 9,990 Byron Hampton 12/22/2020 12/22/2021 8 % 5,000 - - 5,000 Byron Hampton 12/30/2020 12/30/2021 8 % 20,000 - - 20,000 EROP Enterprises, LLC 12/29/2020 12/29/2022 6 % 100,000 - (100,000 ) - EROP Enterprises, LLC 2/1/2021 12/29/2022 6 % 100,000 - (100,000 ) - EROP Enterprises, LLC 3/8/2021 3/8/2022 6 % 100,000 - (100,000 ) - EROP Enterprises, LLC 7/29/2021 7/29/2022 8 % - 75,000 - 75,000 Total $ 349,155 $ 75,000 $ (300,000 ) $ 124,155 Total accrued interest on the above notes payable as of September 30, 2021 was $ 3,653 |
NOTE 7 - COMMON STOCK
NOTE 7 - COMMON STOCK | 6 Months Ended |
Sep. 30, 2021 | |
Equity [Abstract] | |
NOTE 7 - COMMON STOCK | NOTE 7 - COMMON STOCK On September 1, 2020, the Company entered into a service agreement with Oliver Goeservices LLC for a term of one year. Per the terms of the agreement the Company will issue them 300,000 300,000 72,000 4,600,000 240,000 400,000 18,000 On December 9, 2020, the Company entered into two separate service agreements with Paul Pelosi to be a member of the Company's advisory board. Both agreements are for a term of one year. Per the terms of the agreements the Company will issue Mr. Pelosi a total of 6,000,000 3,000,000 330,000 On December 14, 2020, the Company entered into a service agreement with Adam Fishman to be a member of the Company's advisory board for a term of one year. Per the terms of the agreements the Company will issue Mr. Fishman 5,000,000 2,500,000 3,000,000 327,000 On April 6, 2021, the Company issued 2,500,000 During the six months ended September 30, 2021, the Company issued 241,500 0.12 24,150 4,830 During the six months ended September 30, 2021, the Company issued 150,000 0.08 8,000 During the six months ended September 30, 2021, the Company issued 50,000 shares of common stock at $ 0.11 per share for accounts payable due of $ 5,000 3,269 During the six months ended September 30, 2021, the Company issued 4,550,000 0.08 363,771 During the six months ended September 30, 2021, the Company issued 100,000 0.09 8,412 |
NOTE 8 - WARRANTS
NOTE 8 - WARRANTS | 6 Months Ended |
Sep. 30, 2021 | |
Note 8 - Warrants | |
NOTE 8 - WARRANTS | NOTE 8 - WARRANTS On October 15, 2020, the Company entered into a service agreement with a third party for a term of six months. Per the terms of the agreement the party was granted 1,000,000 The warrants have an exercise price of $ 0.25 180,000 0.18 0.25 1.57 735.46 3 A summary of the status of the Company's outstanding stock warrants and changes Number of Warrants Weighted Weighted Aggregate Intrinsic Value Outstanding, March 31, 2021 1,000,000 $ 0.25 $ 0.18 $ - Issued - $ - $ - Exercised - $ - $ - Expired - $ - $ - Outstanding, September 30, 2021 1,000,000 $ 0.25 $ 0.18 $ - Exercisable, September 30, 2021 1,000,00 $ 0.25 $ 0.18 $ - Range of Exercise Prices Number Outstanding 9/30/2021 Weighted Average Remaining Contractual Life Weighted Average Exercise Price $0.25 1,000,000 2.04 years $0.25 The aggregate intrinsic value represents the total pretax intrinsic value, based on warrants with an exercise price less than the Company's stock price as of September 30, 2021, which would have been received by the warrant holder had the warrant holder exercised their warrants as of that date. |
NOTE 9 - RELATED PARTY TRANSACT
NOTE 9 - RELATED PARTY TRANSACTIONS | 6 Months Ended |
Sep. 30, 2021 | |
Related Party Transactions [Abstract] | |
NOTE 9 - RELATED PARTY TRANSACTIONS | NOTE 9 - RELATED PARTY TRANSACTIONS During the six months ended September 30, 2021, Company paid Mr. Leonard Lovallo $ 24,000 During the six months ended September 30, 2021, the Company issued 3,000,000 0.08 240,000 |
NOTE 10 - SUBSEQUENT EVENTS
NOTE 10 - SUBSEQUENT EVENTS | 6 Months Ended |
Sep. 30, 2021 | |
Subsequent Events [Abstract] | |
NOTE 10 - SUBSEQUENT EVENTS | NOTE 10 - SUBSEQUENT EVENTS In accordance with ASC 855-10 management has performed an evaluation of subsequent events through the date that the financial statements were available to be issued and has determined that it does not have any material subsequent events to disclose in these financial statements other than the following. Subsequent to September 30, 2021, the Company granted 400,000 400,000 On October 1, 2021, the Company filed a Certificate of Amendment of its Articles of Incorporation increasing its authorized common stock to 5,000,000,000 10,000,000 |
NOTE 2 - SUMMARY OF SIGNIFICA_2
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
Sep. 30, 2021 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The Company's unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP"), and pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC") and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company as of and for the six month period ending September 30, 2021 and not necessarily indicative of the results to be expected for the full year ending March 31, 2022. These unaudited financial statements should be read in conjunction with the financial statements and related notes included in the Company's Annual Report on Form 10-K for the year ended March 31, 2021. |
Use of estimates | Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. |
Concentrations of Credit Risk | Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash. |
Cash Equivalents | Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents for the six months ended September 30, 2021, or the year ended March 31, 2021. |
Principles of Consolidation | Principles of Consolidation The accompanying consolidated financial statements for the six months ended September 30, 2021, include the accounts of the Company and its wholly owned subsidiary, EV Lithium Solutions, Inc. All significant intercompany transactions have been eliminated in consolidation. |
Mining Expenses | Mining Expenses The Company records all mining exploration and evaluation costs as expenses in the period in which they are incurred. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification ("Paragraph 820-10-35-37") to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company's financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company's notes payable approximates the fair value of such instruments as the notes bear interest rates that are consistent with current market rates. The following table classifies the Company's liabilities measured at fair value on a recurring basis September 30, 2021 Description Level 1 Level 2 Level 3 Derivative $ - $ - $ 332,759 Total $ - $ - $ 332,759 March 31, 2021 Description Level 1 Level 2 Level 3 Derivative $ - $ - $ 142,642 Total $ - $ - $ 142,642 |
Recent Accounting Pronouncements | Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
NOTE 2 - SUMMARY OF SIGNIFICA_3
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 6 Months Ended |
Sep. 30, 2021 | |
Accounting Policies [Abstract] | |
liabilities measured at fair value on a recurring basis | The following table classifies the Company's liabilities measured at fair value on a recurring basis September 30, 2021 Description Level 1 Level 2 Level 3 Derivative $ - $ - $ 332,759 Total $ - $ - $ 332,759 March 31, 2021 Description Level 1 Level 2 Level 3 Derivative $ - $ - $ 142,642 Total $ - $ - $ 142,642 |
NOTE 5 - CONVERTIBLE NOTES PA_2
NOTE 5 - CONVERTIBLE NOTES PAYABLE (Tables) | 6 Months Ended |
Sep. 30, 2021 | |
Debt Disclosure [Abstract] | |
summary of the Company's convertible notes | A summary of the Company's convertible notes Note Holder Date Maturity Date Interest Balance 2021 Additions Conversions Balance 2021 Thirty 05, LLC (1) 5/18/2020 5/18/2021 8 % $ 17,500 $ - $ - $ 17,500 Thirty 05, LLC (3) 8/14/2020 8/14/2021 8 % 12,500 - - 12,500 Thirty 05, LLC (3) 12/31/2020 12/20/2021 8 % 75,000 - - 75,000 EROP Enterprises (4) 4/23/2021 4/23/2022 8 % - 400,000 - 400,000 EROP Enterprises (5) 9/9/2021 9/9/2022 8 % - 25,000 - 25,000 Thirty 05, LLC (5) 9/22/2021 9/22/2022 8 % - 5,000 - 5,000 Total $ 105,000 $ 430,000 $ - $ 535,000 Less Discount $ (63,023 ) $ (282,066 ) Total $ 41,977 $ 252,934 |
summary of the activity of the derivative liability for the notes | A summary of the activity of the derivative liability for the notes Balance at March 31, 2020 $ 142,642 Increase to derivative due to new issuances 640,283 Decrease to derivative due to conversion/repayments - Derivative gain due to mark to market adjustment (450,166 ) Balance at September 30, 2021 $ 332,759 |
summary of quantitative information about significant unobservable inputs (Level 3 inputs) used in measuring the Company's derivative liability that are categorized within Level 3 of the fair value hierarchy | A summary of quantitative information about significant unobservable inputs (Level 3 inputs) used in measuring the Company's derivative liability that are categorized within Level 3 of the fair value hierarchy Inputs September 30, 2021 Stock price $ 0.0577 Conversion price $ .0399 .0456 Volatility (annual) 86.86 196.78 Risk-free rate .04 .09 Dividend rate - Years to maturity .25 1 |
NOTE 6 - LOANS PAYABLE (Tables)
NOTE 6 - LOANS PAYABLE (Tables) | 6 Months Ended |
Sep. 30, 2021 | |
Note 6 - Loans Payable | |
summary of the Company's loans payable | A summary of the Company's loans payable Note Holder Date Maturity Date Interest Balance 2021 Additions Repayments Balance 2021 Third party 8/24/2020 8/24/2021 0 % 14,165 $ - $ - $ 14,165 Byron Hampton 8/24/2020 8/24/2021 8 % 9,990 - - 9,990 Byron Hampton 12/22/2020 12/22/2021 8 % 5,000 - - 5,000 Byron Hampton 12/30/2020 12/30/2021 8 % 20,000 - - 20,000 EROP Enterprises, LLC 12/29/2020 12/29/2022 6 % 100,000 - (100,000 ) - EROP Enterprises, LLC 2/1/2021 12/29/2022 6 % 100,000 - (100,000 ) - EROP Enterprises, LLC 3/8/2021 3/8/2022 6 % 100,000 - (100,000 ) - EROP Enterprises, LLC 7/29/2021 7/29/2022 8 % - 75,000 - 75,000 Total $ 349,155 $ 75,000 $ (300,000 ) $ 124,155 |
NOTE 8 - WARRANTS (Tables)
NOTE 8 - WARRANTS (Tables) | 6 Months Ended |
Sep. 30, 2021 | |
Note 8 - Warrants | |
summary of the status of the Company's outstanding stock warrants and changes | A summary of the status of the Company's outstanding stock warrants and changes Number of Warrants Weighted Weighted Aggregate Intrinsic Value Outstanding, March 31, 2021 1,000,000 $ 0.25 $ 0.18 $ - Issued - $ - $ - Exercised - $ - $ - Expired - $ - $ - Outstanding, September 30, 2021 1,000,000 $ 0.25 $ 0.18 $ - Exercisable, September 30, 2021 1,000,00 $ 0.25 $ 0.18 $ - Range of Exercise Prices Number Outstanding 9/30/2021 Weighted Average Remaining Contractual Life Weighted Average Exercise Price $0.25 1,000,000 2.04 years $0.25 |
liabilities measured at fair va
liabilities measured at fair value on a recurring basis (Details) - USD ($) | Sep. 30, 2021 | Mar. 31, 2021 |
Fair Value, Inputs, Level 1 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair Value, Inputs, Level 2 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair Value, Inputs, Level 3 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
332,759 | 142,642 | |
$ 332,759 | $ 142,642 |
NOTE 1 - ORGANIZATION AND BUS_2
NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS (Details Narrative) - USD ($) | Aug. 04, 2020 | Jan. 05, 2021 | Jan. 05, 2021 | Dec. 08, 2020 | Sep. 30, 2021 | Sep. 30, 2021 | Sep. 30, 2021 | Dec. 01, 2024 | Dec. 01, 2023 | Dec. 01, 2022 | Dec. 01, 2021 |
Accounting Policies [Abstract] | |||||||||||
Initial payment to secure mining lease | $ 25,000 | ||||||||||
Advance royalty payments to maintain lease exclusivity, initial annual amount | $ 25,000 | ||||||||||
Advance royalty payments to maintain lease exclusivity, increasing annual amount | 25,000 | ||||||||||
Advance royalty payments to maintain lease exclusivity, maximum amount for five-year term | $ 100,000 | ||||||||||
Common shares issued and to be issued for mining lease | 750,000 | 750,000 | 500,000 | 500,000 | |||||||
[custom:NetSmelterFeeRoyaltyPercentage] | 3.00% | ||||||||||
[custom:PaymentsForEarninAgreement] | $ 75,000 | $ 45,000 | $ 30,000 | ||||||||
[custom:UndividedInterestInMiningClaimsOwned] | 10.00% | ||||||||||
[custom:AdditionalUndividedInterestInMiningClaimsOptionAvailableToCompany] | 50.00% | ||||||||||
[custom:ExplorationAndDevelopmentCostsPaymentsForAdditionalUndividedInterestInMiningClaims] | $ 1,300,648 | ||||||||||
[custom:ExplorationAndDevelopmentCostsPaymentsForAdditionalUndividedInterestInMiningClaimsYear1] | $ 100,648 | ||||||||||
[custom:AdditionalUndividedInterestInMiningClaimsOptionAvailableToCompanyYear1] | 10.00% | ||||||||||
[custom:ExplorationAndDevelopmentCostsPaymentsForAdditionalUndividedInterestInMiningClaimsYear2] | $ 600,000 | ||||||||||
[custom:AdditionalUndividedInterestInMiningClaimsOptionAvailableToCompanyYear2] | 20.00% | ||||||||||
[custom:ExplorationAndDevelopmentCostsPaymentsForAdditionalUndividedInterestInMiningClaimsYear3] | $ 600,000 | ||||||||||
[custom:AdditionalUndividedInterestInMiningClaimsOptionAvailableToCompanyYear3] | 20.00% | ||||||||||
Royalty percentage of net revenue received paid by Company pursuant to License Agreement | 5.00% | ||||||||||
Royalty percentage of net revenue received paid by Company pursuant to License Agreement, decreased amount due to payment limit excess | 3.00% | ||||||||||
Maximum payment amount of production on annualized basis | $ 8,000,000 |
NOTE 3 - GOING CONCERN (Details
NOTE 3 - GOING CONCERN (Details Narrative) - USD ($) | Sep. 30, 2021 | Mar. 31, 2021 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Accumulated deficit | $ (14,709,123) | $ (12,895,662) |
NOTE 4 - ASSET PURCHASE (Detail
NOTE 4 - ASSET PURCHASE (Details Narrative) - USD ($) | 6 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Mar. 31, 2021 | |
Note 4 - Asset Purchase | ||
Company shares received by CryptoSolar | 400,000 | 2,500,000 |
Additional shares to be issued to CryptoSolar | 900,000 | |
Net profit percentage to be paid to CryptoSolar | 20.00% | |
Asset Purchase Agreement, shares issued, value per share | $ 0.08 | $ 0.18 |
Non-cash expense of share issuances | $ 32,000 | $ 450,000 |
Non-cash expense of share issuances impaired | $ 450,000 |
summary of the Company's conver
summary of the Company's convertible notes (Details) | 6 Months Ended |
Sep. 30, 2021USD ($) | |
Short-term Debt [Line Items] | |
Beginning balance | |
Total | 41,977 |
Total | $ 252,934 |
Convertible Debt A 1 [Member] | |
Short-term Debt [Line Items] | |
Note Holder | Thirty 05, LLC (1) |
Date | May 18, 2020 |
Maturity Date | May 18, 2021 |
Interest | 8.00% |
Beginning balance | $ 17,500 |
Additions | |
Conversions | |
Ending balance | $ 17,500 |
Convertible Debt A 2 [Member] | |
Short-term Debt [Line Items] | |
Note Holder | Thirty 05, LLC (3) |
Date | Aug. 14, 2020 |
Maturity Date | Aug. 14, 2021 |
Interest | 8.00% |
Beginning balance | $ 12,500 |
Additions | |
Conversions | |
Ending balance | $ 12,500 |
Convertible Debt A 3 [Member] | |
Short-term Debt [Line Items] | |
Note Holder | Thirty 05, LLC (3) |
Date | Dec. 31, 2020 |
Maturity Date | Dec. 20, 2021 |
Interest | 8.00% |
Beginning balance | $ 75,000 |
Additions | |
Conversions | |
Ending balance | $ 75,000 |
Convertible Debt B 1 [Member] | |
Short-term Debt [Line Items] | |
Note Holder | EROP Enterprises (4) |
Date | Apr. 23, 2021 |
Maturity Date | Apr. 23, 2022 |
Interest | 8.00% |
Beginning balance | |
Additions | 400,000 |
Conversions | |
Ending balance | $ 400,000 |
Convertible Debt B 2 [Member] | |
Short-term Debt [Line Items] | |
Note Holder | EROP Enterprises(5) |
Date | Sep. 9, 2021 |
Maturity Date | Sep. 9, 2022 |
Interest | 8.00% |
Additions | $ 25,000 |
Conversions | |
Ending balance | $ 25,000 |
Convertible Debt A 4 [Member] | |
Short-term Debt [Line Items] | |
Note Holder | Thirty 05, LLC (5) |
Date | Sep. 22, 2021 |
Maturity Date | Sep. 22, 2022 |
Interest | 8.00% |
Beginning balance | |
Additions | 5,000 |
Conversions | |
Ending balance | 5,000 |
Convertible Debt Totals [Member] | |
Short-term Debt [Line Items] | |
Beginning balance | 105,000 |
Additions | 430,000 |
Conversions | |
Ending balance | 535,000 |
Less Discount | (63,023) |
Less Discount | (282,066) |
Total | 41,977 |
Total | $ 252,934 |
summary of the activity of the
summary of the activity of the derivative liability for the notes (Details) | 6 Months Ended |
Sep. 30, 2021USD ($) | |
Debt Disclosure [Abstract] | |
Balance at March 31, 2020 | $ 142,642 |
Increase to derivative due to new issuances | 640,283 |
Decrease to derivative due to conversion/repayments | |
Derivative gain due to mark to market adjustment | (450,166) |
Balance at September 30, 2021 | $ 332,759 |
summary of quantitative informa
summary of quantitative information about significant unobservable inputs (Level 3 inputs) used in measuring the Company's derivative liability that are categorized within Level 3 of the fair value hierarchy (Details) | 6 Months Ended |
Sep. 30, 2021$ / shares | |
Debt Disclosure [Abstract] | |
Stock price | $ 0.0577 |
Conversion price, minimum | 0.0399 |
Conversion price, maximum | $ 0.0456 |
Volatility, minimum | 86.86% |
Volatility, maximum | 196.78% |
Risk-free rate, minimum | 0.04% |
Risk-free rate, maximum | 0.09% |
Dividend rate | |
Years to maturity, minimum | 3 months |
Years to maturity, maximum | 1 year |
NOTE 5 - CONVERTIBLE NOTES PA_3
NOTE 5 - CONVERTIBLE NOTES PAYABLE (Details Narrative) | Sep. 30, 2021USD ($) |
Convertible Notes Payable [Member] | |
Short-term Debt [Line Items] | |
Accrued interest on notes | $ 19,569 |
summary of the Company's loans
summary of the Company's loans payable (Details) | 6 Months Ended |
Sep. 30, 2021USD ($) | |
Short-term Debt [Line Items] | |
Beginning balance | |
Loans Payable A 1 [Member] | |
Short-term Debt [Line Items] | |
Note Holder | Third party |
Date | Aug. 24, 2020 |
Maturity Date | Aug. 24, 2021 |
Interest | 0.00% |
Beginning balance | $ 14,165 |
Additions | |
Repayments | |
Ending balance | 14,165 |
Repayments | |
Loans Payable B 1 [Member] | |
Short-term Debt [Line Items] | |
Note Holder | Byron Hampton |
Date | Aug. 24, 2020 |
Maturity Date | Aug. 24, 2021 |
Interest | 8.00% |
Beginning balance | $ 9,990 |
Additions | |
Repayments | |
Ending balance | 9,990 |
Repayments | |
Loans Payable B 2 [Member] | |
Short-term Debt [Line Items] | |
Note Holder | Byron Hampton |
Date | Dec. 22, 2020 |
Maturity Date | Dec. 22, 2021 |
Interest | 8.00% |
Beginning balance | $ 5,000 |
Additions | |
Repayments | |
Ending balance | 5,000 |
Repayments | |
Loans Payable B 3 [Member] | |
Short-term Debt [Line Items] | |
Note Holder | Byron Hampton |
Date | Dec. 30, 2020 |
Maturity Date | Dec. 30, 2021 |
Interest | 8.00% |
Beginning balance | $ 20,000 |
Additions | |
Repayments | |
Ending balance | 20,000 |
Repayments | |
Loans Payable C 1 [Member] | |
Short-term Debt [Line Items] | |
Note Holder | EROP Enterprises, LLC |
Date | Dec. 29, 2020 |
Maturity Date | Dec. 29, 2022 |
Interest | 6.00% |
Beginning balance | $ 100,000 |
Additions | |
Repayments | 100,000 |
Ending balance | |
Repayments | $ (100,000) |
Loans Payable C 2 [Member] | |
Short-term Debt [Line Items] | |
Note Holder | EROP Enterprises, LLC |
Date | Feb. 1, 2021 |
Maturity Date | Dec. 29, 2022 |
Interest | 6.00% |
Beginning balance | $ 100,000 |
Additions | |
Repayments | 100,000 |
Ending balance | |
Repayments | $ (100,000) |
Loans Payable C 3 [Member] | |
Short-term Debt [Line Items] | |
Note Holder | EROP Enterprises, LLC |
Date | Mar. 8, 2021 |
Maturity Date | Mar. 8, 2022 |
Interest | 6.00% |
Beginning balance | $ 100,000 |
Additions | |
Repayments | 100,000 |
Ending balance | |
Repayments | $ (100,000) |
Loans Payable C 4 [Member] | |
Short-term Debt [Line Items] | |
Note Holder | EROP Enterprises, LLC |
Date | Jul. 29, 2021 |
Maturity Date | Jul. 29, 2022 |
Interest | 8.00% |
Beginning balance | |
Additions | 75,000 |
Repayments | |
Ending balance | 75,000 |
Repayments | |
Loans Payable Totals [Member] | |
Short-term Debt [Line Items] | |
Beginning balance | 349,155 |
Additions | 75,000 |
Repayments | 300,000 |
Ending balance | 124,155 |
Repayments | $ (300,000) |
NOTE 6 - LOANS PAYABLE (Details
NOTE 6 - LOANS PAYABLE (Details Narrative) | Sep. 30, 2021USD ($) |
Loans Payable [Member] | |
Short-term Debt [Line Items] | |
Accrued interest on notes | $ 3,653 |
NOTE 7 - COMMON STOCK (Details
NOTE 7 - COMMON STOCK (Details Narrative) - USD ($) | 6 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Mar. 31, 2021 | |
Common Stock 1 [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Common stock to be issued pursuant to service agreement | 300,000 | |
Common stock not yet issued from service agreement | 400,000 | 300,000 |
Common stock to be issued disclosed on balance sheet | $ 18,000 | $ 72,000 |
Common stock issued formerly disclosed as to be issued | 4,600,000 | |
Non-cash compensation from common stock issued pursuant to service agreement | $ 240,000 | |
Common Stock 2 [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Common stock to be issued pursuant to service agreement | 6,000,000 | |
Common stock issued pursuant to service agreement | 3,000,000 | |
Common stock issued pursuant to service agreement, non-cash expense | $ 330,000 | |
Common Stock 3 [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Common stock to be issued pursuant to service agreement | 2,500,000 | 5,000,000 |
Common stock to be issued pursuant to service agreement, increased amount | 3,000,000 | |
Non-cash expense for common stock to be issued pursuant to service agreement | $ 327,000 | |
Common Stock 4 [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Common stock issued formerly disclosed as to be issued | 2,500,000 | |
Common Stock 5 [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Common stock issued for accounts payable, shares | 241,500 | |
Common stock issued for accounts payable, value per share | $ 0.12 | |
Common stock issued for accounts payable, amount | $ 24,150 | |
Gain (loss) recognized on issuance of stock | 4,830 | |
Gain (loss) recognized on issuance of stock | $ (4,830) | |
Common Stock 6 [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Common stock issued for accounts payable, shares | 150,000 | |
Common stock issued for accounts payable, value per share | $ 0.08 | |
Common stock issued for accounts payable, amount | $ 8,000 | |
Common Stock 7 [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Common stock issued for accounts payable, shares | 50,000 | |
Common stock issued for accounts payable, value per share | $ 0.11 | |
Common stock issued for accounts payable, amount | $ 5,000 | |
Gain (loss) recognized on issuance of stock | (3,269) | |
Gain (loss) recognized on issuance of stock | $ 3,269 | |
Common Stock 8 [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Common stock issued during period for non-cash stock compensation, shares | 4,550,000 | |
Common stock issued during period for non-cash stock compensation, price per share | $ 0.08 | |
Common stock issued during period for non-cash stock compensation, amount | $ 363,771 | |
Common Stock 9 [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Common stock issued for accounts payable, shares | 100,000 | |
Common stock issued for accounts payable, value per share | $ 0.09 | |
Common stock issued for accounts payable, amount | $ 8,412 |
summary of the status of the Co
summary of the status of the Company's outstanding stock warrants and changes (Details) | 6 Months Ended |
Sep. 30, 2021USD ($)$ / sharesshares | |
Class of Warrant or Right [Line Items] | |
Weighted average price, outstanding at end of period | $ 0.25 |
Stock Warrant [Member] | |
Class of Warrant or Right [Line Items] | |
Number of warrants, outstanding at beginning of period | shares | 1,000,000 |
Weighted average price, outstanding at beginning of period | $ 0.25 |
Weighted average fair value, outstanding at beginning of period | $ 0.18 |
Aggregate intrinsic value, outstanding at beginning of period | $ | |
Number of warrants, issued | shares | |
Weighted average price, issued | |
Weighted average fair value, issued | |
Number of warrants, exercised | shares | |
Weighted average price, exercised | |
Weighted average fair value, exercised | |
Number of warrants, expired | shares | |
Weighted average price, expired | |
Weighted average fair value, expired | |
Number of warrants, outstanding at end of period | shares | 1,000,000 |
Weighted average price, outstanding at end of period | $ 0.25 |
Weighted average fair value, outstanding at end of period | $ 0.18 |
Aggregate intrinsic value, outstanding at end of period | $ | |
Number of warrants, exercisable | shares | 1,000 |
Weighted average price, exercisable | $ 0.25 |
Weighted average fair value, exercisable | $ 0.18 |
Aggregate intrinsic value, exercisable | $ | |
Range of exercise prices | $ 0.25 |
Weighted average remaining contractual life | 2 years 15 days |
NOTE 8 - WARRANTS (Details Narr
NOTE 8 - WARRANTS (Details Narrative) - USD ($) | 6 Months Ended | |
Sep. 30, 2021 | Apr. 15, 2021 | |
Note 8 - Warrants | ||
Class of Warrant or Right, Outstanding | 1,000,000 | |
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.25 | |
[custom:AggregateFairValueOfWarrants] | $ 180,000 | |
[custom:WarrantsEstimatesUsedStockPrice-0] | $ 0.18 | |
[custom:WarrantsEstimatesUsedExercisePrice] | $ 0.25 | |
[custom:WarrantsEstimatesUsedRiskFreeRate] | 157.00% | |
[custom:WarrantsEstimatesUsedVolatility] | 73546.00% | |
[custom:WarrantsEstimatesUsedExpectedLife] | 3 years |
NOTE 9 - RELATED PARTY TRANSA_2
NOTE 9 - RELATED PARTY TRANSACTIONS (Details Narrative) | 6 Months Ended |
Sep. 30, 2021USD ($)$ / sharesshares | |
Related Party Transactions [Abstract] | |
Amounts paid to Chief Executive Officer and President | $ 24,000 |
Common stock issued to related party, shares | shares | 3,000,000 |
Common stock issued to related party, price per share | $ / shares | $ 0.08 |
Common stock issued to related party, non-cash stock compensation amount | $ 240,000 |
NOTE 10 - SUBSEQUENT EVENTS (De
NOTE 10 - SUBSEQUENT EVENTS (Details Narrative) - shares | 1 Months Ended | |||
Nov. 05, 2021 | Oct. 02, 2021 | Sep. 30, 2021 | Mar. 31, 2021 | |
Subsequent Events [Abstract] | ||||
Common stock issued for services, shares | 400,000 | |||
Common stock issued that were to be previously issued | 400,000 | |||
Common stock, shares authorized | 5,000,000,000 | 5,000,000,000 | 5,000,000,000 | |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 | 10,000,000 |