Rapid Therapeutic Science Laboratories (RTSL) 10-K 6 Dec 18 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Mar. 31, 2018	Nov. 30, 2018	Sep. 30, 2017
Details
Registrant Name	Holly Brothers Pictures, Inc.
Registrant CIK	1,575,659
SEC Form	10-K
Period End date	Mar. 31, 2018
Fiscal Year End	--03-31
Trading Symbol	hlly
Number of common stock shares outstanding		1,204,000
Public Float			$ 130,000
Filer Category	Non-accelerated Filer
Current with reporting	No
Voluntary filer	No
Well-known Seasoned Issuer	No
Shell Company	false
Small Business	true
Emerging Growth Company	true
Ex Transition Period	true
Amendment Flag	false
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	FY

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Mar. 31, 2018	Mar. 31, 2017
Current assets:
Cash and cash equivalents	$ 12,297	$ 7,395
Prepaid insurance	10,184	0
Total current assets	22,481	7,395
Property and equipment:
Computers, equipment and software	186,579	0
Accumulated depreciation and impairment	(186,579)	0
Net property and equipment	0	0
Other indefinite-lived intangible assets:
Internally-generated Bitcoin	3,761	0
Total other assets	3,761	0
TOTAL ASSETS	26,242	7,395
Current liabilities:
Accounts payable - other	11,550	300
Accounts payable - related party	3,400	0
Notes payable - related parties	645,335	30,000
Accrued interest payable	28,609	0
Total current liabilities	688,894	30,300
Other liabilities:
Non-current convertible notes payable - related parties	2,200,000	0
Total liabilities	2,888,894	30,300
Stockholders' equity:
Common stock, $0.001 par value, 200,000,000 shares authorized, 1,204,000 and 2,710,000 shares issued and outstanding as of 3/31/2018 and 3/31/2017, respectively	1,204	2,710
Additional paid-in capital	101,477	49,465
Accumulated deficit	(2,627,994)	(75,080)
Treasury stock	(337,339)	0
Total stockholders' equity	(2,862,652)	(22,905)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 26,242	$ 7,395

Consolidated Balance Sheets - P

Consolidated Balance Sheets - Parenthetical - $ / shares	Mar. 31, 2018	Mar. 31, 2017
Details
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares, Issued	1,204,000	2,710,000
Common Stock, Shares, Outstanding	1,204,000	2,710,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Details
Revenue	$ 0	$ 0
Operating expenses:
General & administrative	135,682	21,616
Depreciation expense	16,393	0
Total operating expenses	152,075	21,616
Other income (expense):
Goodwill impairment	(2,200,000)	0
Property and equipment impairment	(170,186)	0
Other intangible assets impairment	(2,044)	0
Interest expense	(28,609)	0
Total other income (expense)	(2,400,839)	0
Net (loss)	$ (2,552,914)	$ (21,616)
Weighted average number of common shares outstanding- basic	2,466,090	2,710,000
Net loss per share	$ (1.04)	$ (0.01)

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - USD ($)	Common Stock	Additional Paid-in Capital	Retained Earnings	Treasury Stock	Total
Equity Balance at Mar. 31, 2016	$ 2,710	$ 49,465	$ (53,464)	$ 0	$ (1,289)
Equity Balance, Shares at Mar. 31, 2016	2,710,000
Net (loss)	$ 0	0	(21,616)	0	(21,616)
Equity Balance, Shares at Mar. 31, 2017	2,710,000
Equity Balance at Mar. 31, 2017	$ 2,710	49,465	(75,080)	0	(22,905)
Stock Issued During Period, Value, Other	$ 155	44,845	0	0	45,000
Stock Issued During Period, Shares, Other	155,172
Stock Repurchased During Period, Value	$ (2,661)	0	0	(337,339)	(340,000)
Stock Repurchased During Period, Shares	(2,661,172)
Stock Issued During Period, Value, Issued for Services	$ 1,000	7,167	0	0	8,167
Stock Issued During Period, Shares, Issued for Services	1,000,000
Net (loss)	$ 0	0	(2,552,914)	0	(2,552,914)
Equity Balance, Shares at Mar. 31, 2018	1,204,000
Equity Balance at Mar. 31, 2018	$ 1,204	$ 101,477	$ (2,627,994)	$ (337,339)	$ (2,862,652)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
OPERATING ACTIVITIES
Net (loss)	$ (2,552,914)	$ (21,616)
Adjustment to reconcile net loss to net cash used by operating activities:
Goodwill	2,200,000	0
Property and equipment	170,186	0
Depreciation expense	16,393	0
Stock compensation expense	7,167	0
Changes in operating assets and liabilities:
Accrued interest payable	28,609	0
Accounts payable - other	11,250	(977)
Accounts payable - related party	3,400	0
Prepaid expense	(10,184)	750
Internally-generated Bitcoin	(3,761)	0
Net cash (used) by operating activities	(129,854)	(21,843)
INVESTING ACTIVITIES
Purchase of computers and equipment	(38,620)	0
Net cash (used) in investing activities	(38,620)	0
FINANCING ACTIVITIES
Issuance of notes payable to related parties	172,376	20,000
Issuance of common stock to officers	1,000	0
Net cash provided by financing activities	173,376	20,000
NET INCREASE (DECREASE) IN CASH	4,902	(1,843)
CASH - BEGINNING OF THE PERIOD	7,395	9,238
CASH - END OF THE PERIOD	12,297	7,395
Supplemental Disclosures:
Interest paid	0	0
Income taxes paid	0	0
Non-Cash Investing and Financing Activities:
Stock issued to settle Notes Payable	45,000	0
Issuance of Notes Payable for Goodwill
Non-Cash Investing and Financing Activities:
Issuance of Notes Payable	2,200,000	0
Issuance of Notes Payable for Treasury Stock
Non-Cash Investing and Financing Activities:
Issuance of Notes Payable	340,000	0
Issuance of Notes Payable for computers and equipment
Non-Cash Investing and Financing Activities:
Issuance of Notes Payable	$ 147,959	$ 0

GENERAL ORGANIZATION AND BUSINE

GENERAL ORGANIZATION AND BUSINESS	12 Months Ended
	Mar. 31, 2018
Notes
GENERAL ORGANIZATION AND BUSINESS	NOTE 1. GENERAL ORGANIZATION AND BUSINESS Holly Brothers Pictures, Inc. is a Nevada Corporation incorporated in the State of Nevada on February 22, 2013 as PowerMedChairs, and is considered to be an emerging growth company under applicable federal securities laws. On June 2, 2017, the Company changed its name to Holly Brothers Pictures, Inc. On February 1, 2018, the Company acquired 100% of the equity interests in Power Blockchain, LLC (“Power Blockchain”) through an exchange agreement in a transaction that resulted in the transition from the Company’s existing business of repairing and selling wheelchairs to a planned new business of mining crypto-currency (see Note 4).

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Mar. 31, 2018
Notes
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Accounting The basis is United States generally accepted accounting principles. The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Power Blockchain, since February 1, 2018. Cash and Cash Equivalents The Company considers all short-term investments with a maturity of three months or less at the date of purchase to be cash and cash equivalents. Earnings per Share The basic earnings (loss) per share is calculated by dividing the Company’s net income (loss) available to common shareholders by the weighted average number of common shares issued and outstanding during the year. The diluted earnings (loss) per share is calculated by dividing the Company’s net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted as of the first year for any potentially dilutive debt or equity. The Company has not issued any options or warrants or similar securities since inception. Fair value of financial instruments Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of March 2018 and 2017. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand. Level 1 Level 2 Level 3: If inputs from levels 1 and 2 are not available, FASB acknowledges that fair value measures of many assets and liabilities are less precise. The board describes Level 3 inputs as “unobservable,” and limits their use by saying they “shall be used to measure fair value to the extent that observable inputs are not available.” This category allows “for situations in which there is little, if any, market activity for the asset or liability at the measurement date”. Earlier in the standard, FASB explains that “observable inputs” are gathered from sources other than the reporting company and that they are expected to reflect assumptions made by market participants. Revenue recognition We recognize revenue when all of the following conditions are satisfied: (1) there is a persuasive evidence of an arrangement; (2) the product or service has been provided to the customer; (3) the amount of fees to be paid by the customer is fixed or determinable; and (4) the collection of our fees is probable. The Company will record revenue when it is realizable and earned and the services have been rendered to the customers. Based on such criteria, the Company has not recorded any revenues from Inception on February 22, 2013 through March 31, 2018. Goodwill We periodically evaluate goodwill arising from business combinations by applying a goodwill impairment test, both qualitatively and, quantitatively, if necessary, in accordance with the provisions of ASC 350, Intangibles - Goodwill and Other (see Note 4). Property and Equipment Computers, equipment and software are generally depreciated on a straight-line basis over their estimated useful lives ranging up to three years (see Note 4). Bitcoin Internally-generated Bitcoin is recorded at the lower of cost or market value based on industry standard quoted prices for Bitcoin. Dividends The Company has not yet adopted any policy regarding payment of dividends. No dividends have been paid during the period shown. Income Taxes The provision for income taxes is the total of the current taxes payable and the net of the change in the deferred income taxes. Provision is made for the deferred income taxes where differences exist between the period in which transactions affect current taxable income and the period in which they enter into the determination of net income in the financial statements. Year-end The Company has selected March 31 as its fiscal year-end. Advertising Advertising is expensed when incurred. There has been no advertising during the periods. Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America 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 consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

GOING CONCERN

GOING CONCERN	12 Months Ended
	Mar. 31, 2018
Notes
GOING CONCERN	NOTE 3. GOING CONCERN The Company's consolidated financial statements are prepared using the generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company has not commenced its planned principal operations and it has not generated any revenues and has suffered recurring losses totaling $2,627,994 since inception. In order to obtain the necessary capital, the Company is seeking equity and/or debt financing. There are no assurances that the Company will be successful, without sufficient financing it would be unlikely for the Company to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might result from the outcome of this uncertainty.

ACQUISITION OF POWER BLOCKCHAIN

ACQUISITION OF POWER BLOCKCHAIN DISCLOSURE	12 Months Ended
	Mar. 31, 2018
Notes
ACQUISITION OF POWER BLOCKCHAIN DISCLOSURE	NOTE 4. ACQUISITION OF POWER BLOCKCHAIN Effective February 1, 2018, the Company acquired 100% of the equity interests in Power Blockchain through an exchange agreement between the Company and the two owners of Power Blockchain. Pursuant to the exchange agreement, the sole consideration in this transaction was the issuance by the Company of unsecured notes payable to the two owners of Power Blockchain in the amount of $2,200,000. Such notes payable were structured to: (i) mature five years from the date of issuance, (ii) accrue interest at the rate of 5% per annum, (iii) require repayment in four equal installments beginning on the second anniversary of issuance, and (iv) are convertible into the Company’s common stock at a conversion price of $0.13 per share. We have accounted for the acquisition of Power Blockchain as a business combination, with the Company treated as the acquirer, in accordance with the provisions of ASC 805, Business Combinations. At the time of the transaction, Power Blockchain was a start-up venture with little or no identifiable assets or operations, therefore, we allocated the entire merger consideration in the amount of $2,200,000 to the category of Goodwill for accounting purposes. No pro forma financial information has been presented since Power Blockchain was a start-up venture. Due to unforeseen economic and market conditions that arose soon after the acquisition, we believe that the results of the Company’s initial bitcoin mining operations through the Power Blockchain entity should be considered inconclusive to date, with no revenues yet recorded. As a result of these conditions, we have determined that it would be appropriate to recognize an impairment adjustment in the full amount of $2,200,000, in order to reduce the carrying value of the Goodwill to zero as of March 31, 2018. Additionally, we recognized an impairment adjustment in the amount of $170,186 to reduce the carrying value of the property and equipment deployed in the bitcoin mining operations to zero as of March 31, 2018.

STOCKHOLDERS' EQUITY AND CONTRI

STOCKHOLDERS' EQUITY AND CONTRIBUTED CAPITAL DISCLOSURE	12 Months Ended
	Mar. 31, 2018
Notes
STOCKHOLDERS' EQUITY AND CONTRIBUTED CAPITAL DISCLOSURE	NOTE 5. STOCKHOLDERS' EQUITY AND CONTRIBUTED CAPITAL On January 25, 2018, in conjunction with the acquisition of Power Blockchain, the Company purchased a total of 2,661,172 shares of its common stock from the former management group for a negotiated payment in the amount of $(340,000), or $0.13 per share, which has been accounted for as Treasury Stock. On January 29, 2018, also in conjunction with the acquisition of Power Blockchain, the Company issued a total of 1,000,000 shares of common stock, at a purchase price of $0.001 per share, to two new officers who were engaged to affect the transition to the business of bitcoin mining. These stock grants were structured so that they are fully vested over a three year period and are subject to buyback by the Company if either officer should leave the Company before then. We have valued the stock grants at an incremental amount of $129,000, based on the negotiated price of the simultaneously purchased treasury stock noted above, and are amortizing that amount as stock compensation expense over a period of three years (of that amount, $7,167 was amortized in the last two months of the year ended March 31, 2018). Taking the above transactions into consideration, as well as the conversion of a $45,000 note payable into 155,172 shares of common stock in December 2017, the Company had a total of 1,204,000 shares of common stock issued and outstanding as of March 31, 2018. There have been no issuances of stock options or warrants. However, in March 2018, the Board approved the establishment of a new 2018 Stock Option Plan with an authorization for the issuance of up to 1,000,000 shares of common stock. The Plan is designed to provide for future discretionary grants of stock options, stock awards and stock unit awards to key employees and non-employee directors.

NOTES PAYABLE DISCLOSURE

NOTES PAYABLE DISCLOSURE	12 Months Ended
	Mar. 31, 2018
Notes
NOTES PAYABLE DISCLOSURE	NOTE 6. NOTES PAYABLE As of March 31, 2018, the Company had the following long-term debt obligations: Promissory notes issued to former owners in acquisition of Power Blockchain, accruing interest at 5% per annum, principal repayments due in four equal installments on 2nd, 3rd, 4th and 5th anniversaries, convertible into common stock at $0.13 per share. $ 2,200,000 Other short term notes issued to various affiliates of the former owners of Power Blockchain for acquisition of Treasury Stock, computers and equipment, and working capital financing, at stated interest rates of 10%. 645,335 2,845,335 Current portion of long term debt (645,335) Long term debt, net of current portion $ 2,200,000 Future maturities of long-term debt as of March 31, 2018 are as follows: Year ending March 31, 2019 $ -- Year ending March 31, 2020 550,000 Year ending March 31, 2021 550,000 Year ending March 31, 2022 550,000 Year ending March 31, 2023 550,000 $ 2,200,000 At the time of the Power Blockchain acquisition, Power Blockchain had outstanding unsecured notes payable to the two owners in the amount of $570,000, which were overdue and in default. Shortly thereafter, the Company entered into negotiations with the note holders in an attempt to settle these obligations. As a result of those efforts, a settlement agreement was reached in March 2018 to convert the notes payable into the right for the two note holders to receive periodic issuances of the Company’s common stock of up to approximately 3,000,000 shares each, that would be exempted from registration pursuant to Section 3(a)(10) of the Securities Act of 1933. The settlement agreement stipulated that the issuance of such shares shall occur in respective tranches such that the resulting number of shares owned by each holder would not exceed 4.9% of the Company’s then outstanding shares of common stock. To date, no such shares have been issued. Post-settlement, the Company has no further obligation to repay the notes, therefore, no accounting recognition was given to them in the purchase price allocation for the acquisition. No value has been given to the note holders’ rights to receive shares due to the wide range of possible variables that would need to be quantified in order to make such a valuation and the resulting inherent imprecision.

RELATED PARTY TRANSACTIONS DISC

RELATED PARTY TRANSACTIONS DISCLOSURE	12 Months Ended
	Mar. 31, 2018
Notes
RELATED PARTY TRANSACTIONS DISCLOSURE	NOTE 7. RELATED PARTY TRANSACTIONS In the year ended March 31, 2018, the Company entered into several transactions with various related parties to: (i) purchase shares of Treasury Stock from the former management team, (ii) issue new shares of common stock to officers, and (iii) convert notes payable into shares of common stock, as more fully described in Note 5. The Company does not lease or rent any property. Office services are provided without charge by a director. Such costs are immaterial to the consolidated financial statements and, accordingly, have not been reflected therein. The officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities. If a specific business opportunity becomes available, such persons may face a conflict in selecting between the Company and their other business interests. The Company has not formulated a policy for the resolution of such conflicts.

PROVISION FOR INCOME TAXES DISC

PROVISION FOR INCOME TAXES DISCLOSURE	12 Months Ended
	Mar. 31, 2018
Notes
PROVISION FOR INCOME TAXES DISCLOSURE	NOTE 8. PROVISION FOR INCOME TAXES The Company accounts for income taxes under FASB Accounting Standard Codification ASC 740 "Income Taxes". ASC 740 requires use of the liability method. ASC 740 provides that deferred tax assets and liabilities are recorded based on the differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes, referred to as temporary differences. Deferred tax assets and liabilities at the end of each period are determined using the currently enacted tax rates applied to taxable income in the periods in which the deferred tax assets and liabilities are expected to be settled or realized. As of March 31, 2018, the Company had net operating loss carry forwards of approximately $345,747, after taking certain non-deductible items into account, as compared to $21,616 at March 31, 2017, that may be available to reduce future years' taxable income. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. Net operating losses will begin to expire in 2030. Components of net deferred tax assets, including a valuation allowance, are as follows at March 31, 2018 and March 31, 2017: 2018 2017 Deferred tax assets: Net operating loss carry forward $ 72,600 $ 7,566 Total deferred tax assets 72,600 7,566 Less: valuation allowance (72,600) (7,566) Net deferred tax assets $ -- $ -- The valuation allowance for deferred tax assets for the year ending March 31, 2018 was $(72,600), as compared to $(7,566) for the same period last year. In assessing the recovery of the deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income in the periods in which those temporary differences become deductible. Management considers the scheduled reversals of future deferred tax assets, projected future taxable income, and tax planning strategies in making this assessment. As a result, management determined it was more likely than not the deferred tax assets would not be realized as of March 31, 2018. The provision for income taxes differs from the amount computed by applying the statutory federal income tax rate to income before provision for income taxes. The sources and tax effects of the differences are as follows: U.S federal statutory rate (21.0%) Valuation reserve 21.0% Total --% At March 31, 2018, we had an unused net operating loss carryover approximating $420,800, after taking certain non-deductible items into account, that is available to offset future taxable income which expires beginning 2038.

OPERATING LEASES AND OTHER COMM

OPERATING LEASES AND OTHER COMMITMENTS DISCLOSURE	12 Months Ended
	Mar. 31, 2018
Notes
OPERATING LEASES AND OTHER COMMITMENTS DISCLOSURE	NOTE 9. OPERATING LEASES AND OTHER COMMITMENTS The Company has no lease or other obligations.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	12 Months Ended
	Mar. 31, 2018
Notes
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE 10. RECENT ACCOUNTING PRONOUNCEMENTS The Company's management has evaluated all the recently issued accounting pronouncements through the filing date of these consolidated financial statements and does not believe that any of these pronouncements will have a material impact on the Company's financial position and results of operations.

LITIGATION DISCLOSURE

LITIGATION DISCLOSURE	12 Months Ended
	Mar. 31, 2018
Notes
LITIGATION DISCLOSURE	NOTE 11. LITIGATION From time to time in the ordinary course of our business, we may be involved in legal proceedings, the outcomes of which may not be determinable. The results of litigation are inherently unpredictable. Any claims against us, whether meritorious or not, could be time consuming, result in costly litigation, require significant amounts of management time and result in diversion of significant resources. We are not able to estimate an aggregate amount or range of reasonably possible losses for those legal matters for which losses are not probable and estimable, primarily for the following reasons: (i) many of the relevant legal proceedings are in preliminary stages, and until such proceedings develop further, there is often uncertainty regarding the relevant facts and circumstances at issue and potential liability; and (ii) many of these proceedings involve matters of which the outcomes are inherently difficult to predict. We have insurance policies covering potential losses where such coverage is cost effective. We are not at this time involved in any legal proceedings.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Mar. 31, 2018
Notes
SUBSEQUENT EVENTS	NOTE 12. SUBSEQUENT EVENTS During the months of April, May and June 2018, the Company made additional short-term borrowings from a related party in the total amount of $72,000 on the same terms as the borrowings made in the year ended March 31, 2018. There have been no other reportable subsequent events that have occurred since March 31, 2018.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Basis of Accounting Policy (Policies)	12 Months Ended
	Mar. 31, 2018
Policies
Basis of Accounting Policy	Basis of Accounting The basis is United States generally accepted accounting principles. The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Power Blockchain, since February 1, 2018.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Cash and Cash Equivalents Policy (Policies)	12 Months Ended
	Mar. 31, 2018
Policies
Cash and Cash Equivalents Policy	Cash and Cash Equivalents The Company considers all short-term investments with a maturity of three months or less at the date of purchase to be cash and cash equivalents.

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Earnings Per Share, Policy (Policies)	12 Months Ended
	Mar. 31, 2018
Policies
Earnings Per Share, Policy	Earnings per Share The basic earnings (loss) per share is calculated by dividing the Company’s net income (loss) available to common shareholders by the weighted average number of common shares issued and outstanding during the year. The diluted earnings (loss) per share is calculated by dividing the Company’s net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted as of the first year for any potentially dilutive debt or equity. The Company has not issued any options or warrants or similar securities since inception.

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Fair Value of Financial Instruments, Policy (Policies)	12 Months Ended
	Mar. 31, 2018
Policies
Fair Value of Financial Instruments, Policy	Fair value of financial instruments Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of March 2018 and 2017. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand. Level 1 Level 2 Level 3: If inputs from levels 1 and 2 are not available, FASB acknowledges that fair value measures of many assets and liabilities are less precise. The board describes Level 3 inputs as “unobservable,” and limits their use by saying they “shall be used to measure fair value to the extent that observable inputs are not available.” This category allows “for situations in which there is little, if any, market activity for the asset or liability at the measurement date”. Earlier in the standard, FASB explains that “observable inputs” are gathered from sources other than the reporting company and that they are expected to reflect assumptions made by market participants.

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Revenue Recognition, Policy (Policies)	12 Months Ended
	Mar. 31, 2018
Policies
Revenue Recognition, Policy	Revenue recognition We recognize revenue when all of the following conditions are satisfied: (1) there is a persuasive evidence of an arrangement; (2) the product or service has been provided to the customer; (3) the amount of fees to be paid by the customer is fixed or determinable; and (4) the collection of our fees is probable. The Company will record revenue when it is realizable and earned and the services have been rendered to the customers. Based on such criteria, the Company has not recorded any revenues from Inception on February 22, 2013 through March 31, 2018.

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Goodwill, Policy (Policies)	12 Months Ended
	Mar. 31, 2018
Policies
Goodwill, Policy	Goodwill We periodically evaluate goodwill arising from business combinations by applying a goodwill impairment test, both qualitatively and, quantitatively, if necessary, in accordance with the provisions of ASC 350, Intangibles - Goodwill and Other (see Note 4).

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Property and Equipment Policy (Policies)	12 Months Ended
	Mar. 31, 2018
Policies
Property and Equipment Policy	Property and Equipment Computers, equipment and software are generally depreciated on a straight-line basis over their estimated useful lives ranging up to three years (see Note 4).

SUMMARY OF SIGNIFICANT ACCOUN_9

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Dividends Policy (Policies)	12 Months Ended
	Mar. 31, 2018
Policies
Dividends Policy	Dividends The Company has not yet adopted any policy regarding payment of dividends. No dividends have been paid during the period shown.

SUMMARY OF SIGNIFICANT ACCOU_10

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Income Tax, Policy (Policies)	12 Months Ended
	Mar. 31, 2018
Policies
Income Tax, Policy	Income Taxes The provision for income taxes is the total of the current taxes payable and the net of the change in the deferred income taxes. Provision is made for the deferred income taxes where differences exist between the period in which transactions affect current taxable income and the period in which they enter into the determination of net income in the financial statements.

SUMMARY OF SIGNIFICANT ACCOU_11

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Year-end, Policy (Policies)	12 Months Ended
	Mar. 31, 2018
Policies
Year-end, Policy	Year-end The Company has selected March 31 as its fiscal year-end.

SUMMARY OF SIGNIFICANT ACCOU_12

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Advertising, Policy (Policies)	12 Months Ended
	Mar. 31, 2018
Policies
Advertising, Policy	Advertising Advertising is expensed when incurred. There has been no advertising during the periods.

SUMMARY OF SIGNIFICANT ACCOU_13

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Use of Estimates, Policy (Policies)	12 Months Ended
	Mar. 31, 2018
Policies
Use of Estimates, Policy	Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America 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 consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

NOTES PAYABLE DISCLOSURE_ Sched

NOTES PAYABLE DISCLOSURE: Schedule of long-term debt obligations (Tables)	12 Months Ended
	Mar. 31, 2018
Tables/Schedules
Schedule of long-term debt obligations	Promissory notes issued to former owners in acquisition of Power Blockchain, accruing interest at 5% per annum, principal repayments due in four equal installments on 2nd, 3rd, 4th and 5th anniversaries, convertible into common stock at $0.13 per share. $ 2,200,000 Other short term notes issued to various affiliates of the former owners of Power Blockchain for acquisition of Treasury Stock, computers and equipment, and working capital financing, at stated interest rates of 10%. 645,335 2,845,335 Current portion of long term debt (645,335) Long term debt, net of current portion $ 2,200,000

NOTES PAYABLE DISCLOSURE_ Futur

NOTES PAYABLE DISCLOSURE: Future maturities of long-term debt (Tables)	12 Months Ended
	Mar. 31, 2018
Tables/Schedules
Future maturities of long-term debt	Year ending March 31, 2019 $ -- Year ending March 31, 2020 550,000 Year ending March 31, 2021 550,000 Year ending March 31, 2022 550,000 Year ending March 31, 2023 550,000 $ 2,200,000

PROVISION FOR INCOME TAXES DI_2

PROVISION FOR INCOME TAXES DISCLOSURE: Components of net deferred tax assets, including a valuation allowance (Tables)	12 Months Ended
	Mar. 31, 2018
Tables/Schedules
Components of net deferred tax assets, including a valuation allowance	2018 2017 Deferred tax assets: Net operating loss carry forward $ 72,600 $ 7,566 Total deferred tax assets 72,600 7,566 Less: valuation allowance (72,600) (7,566) Net deferred tax assets $ -- $ --

PROVISION FOR INCOME TAXES DI_3

PROVISION FOR INCOME TAXES DISCLOSURE: Sources and tax effects of the differences (Tables)	12 Months Ended
	Mar. 31, 2018
Tables/Schedules
Sources and tax effects of the differences	U.S federal statutory rate (21.0%) Valuation reserve 21.0% Total --%

GENERAL ORGANIZATION AND BUSI_2

GENERAL ORGANIZATION AND BUSINESS (Details)	Feb. 01, 2018
Details
Acquisition of equity interests in Power Blockchain LLC	100.00%

GOING CONCERN (Details)

GOING CONCERN (Details) - USD ($)	Mar. 31, 2018	Mar. 31, 2017
Details
Accumulated deficit	$ 2,627,994	$ 75,080

ACQUISITION OF POWER BLOCKCHA_2

ACQUISITION OF POWER BLOCKCHAIN DISCLOSURE (Details) - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Feb. 01, 2018
Acquisition of equity interests in Power Blockchain LLC			100.00%
Convertible notes payable, non-current	$ 2,200,000	$ 0
Impairment adjustment recognized	2,200,000	0
Impairment on the carrying value of the property and equipment deployed in the bitcoin mining operations	170,186	$ 0
Power Blockchain business combination
Convertible notes payable, non-current	$ 2,200,000
Annual interest rate	5.00%
Conversion price per share	$ 0.13
Impairment adjustment recognized	$ 2,200,000

STOCKHOLDERS' EQUITY AND CONT_2

STOCKHOLDERS' EQUITY AND CONTRIBUTED CAPITAL DISCLOSURE (Details) - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Negotiated payment for repurchase of common stock	$ (340,000)
Common stock outstanding	1,204,000	2,710,000
Common stock authorized under the 2018 Stock Option Plan	1,000,000
From the former management group
Repurchase of common stock	2,661,172
Negotiated payment for repurchase of common stock	$ (340,000)
Sale price per share	$ 0.13
To two new officers
Common stock issued for services, shares	1,000,000
Notes Payable Conversions
Amount of debt converted	$ 45,000
Common stock issued for converted debt	155,172

NOTES PAYABLE DISCLOSURE_ Sch_2

NOTES PAYABLE DISCLOSURE: Schedule of long-term debt obligations (Details) - USD ($)	Mar. 31, 2018	Mar. 31, 2017
Details
Convertible notes payable, non-current	$ 2,200,000	$ 0
Short-term notes issued to related parties	645,335	$ 30,000
Notes payable, related parties, total	$ 2,845,335

PROVISION FOR INCOME TAXES DI_4

PROVISION FOR INCOME TAXES DISCLOSURE (Details) - USD ($)	Mar. 31, 2018	Mar. 31, 2017
Details
Net operating loss carry forwards	$ 345,747	$ 21,616

PROVISION FOR INCOME TAXES DI_5

PROVISION FOR INCOME TAXES DISCLOSURE: Components of net deferred tax assets, including a valuation allowance (Details) - USD ($)	Mar. 31, 2018	Mar. 31, 2017
Details
Net operating loss carry forward for deferred tax assets	$ 72,600	$ 7,566
Total deferred tax assets	72,600	7,566
Less: valuation allowance	(72,600)	(7,566)
Net deferred tax assets	$ 0	$ 0

PROVISION FOR INCOME TAXES DI_6

PROVISION FOR INCOME TAXES DISCLOSURE: Sources and tax effects of the differences (Details)	12 Months Ended
	Mar. 31, 2018
Details
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	(21.00%)
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent	21.00%

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Mar. 31, 2017
Details
Short-term borrowings from a related party	$ 72,000	$ 172,376	$ 20,000