Viabuilt Ventures (VBVT) 10-Q 11 Sep 18 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2018	Sep. 07, 2018
Document And Entity Information
Entity Registrant Name	Madison Ventures Inc.
Entity Central Index Key	1,575,975
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		29,400,000
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,019

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2018	Mar. 31, 2018
Current assets:
Cash	$ 10,000
Total assets	10,000
Current liabilities:
Accounts payable	24,577	10,781
Due to related party	283,548	272,381
Total current liabilities	308,125	283,162
Long-term liabilities:
Long-term debt due to related party	110,065	110,065
Total long-term liabilities	110,065	110,065
Total Liabilities	418,190	393,227
Commitments and Contingencies
Shareholders' equity (deficit):
Common stock: 300,000,000 shares authorized of $0.001 par value; 29,400,000 shares issued and outstanding as of June 30 and March 31, 2018	29,400	29,400
Additional paid-in capital	78,100	78,100
Accumulated deficit	(515,690)	(500,727)
Accumulated other comprehensive income (loss)
Total shareholders' equity (deficit)	(408,190)	(393,227)
Total liabilities and shareholders' equity (deficit)	$ 10,000

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2018	Mar. 31, 2018
Shareholders' equity (deficit):
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	29,400,000	29,400,000
Common stock, shares outstanding	29,400,000	29,400,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Operating costs:
Consulting and professional fees	$ 14,963	$ 3,433
Gain on disposition of foreign subsidiary, net of $13,738 foreign translation (loss) from prior periods		(48,911)
Total operating costs	14,963	(45,478)
Other income (expense):
Foreign exchange (loss) gain
Total other income (expense)
Net (loss) income	$ (14,963)	$ 45,478
Net (loss) income per common share:
Basic and diluted	$ 0	$ 0
Weighted average common shares outstanding:
Basic and diluted	29,400,000	29,400,000

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Changes in Stockholders’ Equity (Deficit) (Unaudited) - USD ($)	Common stock	Additional paid-in capital	Accumulated deficit	Accumulated other comprehensive Income (loss)	Total
Beginning Balance, Shares at Mar. 31, 2017	29,400,000
Beginning Balance, Amount at Mar. 31, 2017	$ 29,400	$ 78,100	$ (515,531)	$ (13,738)	$ (421,769)
Disposition of foreign subsidiary				13,738	13,738
Net (loss) income			14,804		14,804
Ending Balance, Shares at Mar. 31, 2018	29,400,000
Ending Balance, Amount at Mar. 31, 2018	$ 29,400	78,100	(500,727)		(393,227)
Net (loss) income			(14,963)		(14,963)
Ending Balance, Shares at Jun. 30, 2018	29,400,000
Ending Balance, Amount at Jun. 30, 2018	$ 29,400	$ 78,100	$ (515,690)		$ (408,190)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities:
Net (loss) income	$ (14,963)	$ 45,478
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
(Gain) on disposition of foreign subsidiary, net of $13,738 foreign translation (loss) from prior periods		(55,477)
Changes in operating assets and liabilities:
Increase in accounts payable	13,796	2,713
Increase in accrued liabilities
Net cash (used in) provided by operating activities	(1,167)	(7,286)
Cash flows from investing activities:
Net cash (used in) investing activities
Cash flows from financing activities:
Proceeds from related parties	11,167
Proceeds from non-interest bearing term-debt due to related party
Net cash provided by financing activities	11,167
Net increase (decrease) in cash	10,000	(7,286)
Cash, beginning of the period		8,639
Cash, end of the period	$ 10,000	$ 1,353

Condensed financial statements

Condensed financial statements	3 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
1. Condensed financial statements	The accompanying unaudited condensed consolidated financial statements are presented in United States dollars and are prepared using the accrual method of accounting which conforms to generally accepted accounting principles in the United States of America (“US GAAP”) for interim financial reporting and the instructions for Form 10-Q pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all information and footnote disclosures necessary for a complete presentation of the financial position, results of operations, cash flows, and stockholders equity in conformity with generally accepted accounting principles. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. The unaudited condensed consolidated balance sheet of the Company as of June 30, 2018, and the related consolidated balance sheet of the Company as of March 31, 2018, which is derived from the Company's audited financial statements, the unaudited condensed consolidated statement of operations and cash flows for the Three Months ended June 30, 2018 and 2017 and the condensed consolidated statement of stockholders equity for the period of March 31, 2017 to June 30, 2018 are included in this document. These unaudited condensed consolidated financial statements should be read in conjunction with the March 31, 2018 audited financial statements and related notes included in the Company’s most recent Form 10-K as filed with the Securities and Exchange Commission on August 28, 2018. Operating results for the Three Months ended June 30, 2018 are not necessarily indicative of the results that can be expected for the year ending March 31, 2019.

Nature of operations

Nature of operations	3 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
2. Nature of operations	Madison Ventures Inc. (“Company”) was incorporated in the State of Nevada as a for-profit company on September 14, 2009 and established a fiscal year end of March 31. The Company initially was engaged in the acquisition, exploration and development of natural resource properties. On February 27, 2015, the Company terminated the acquisition of the mineral claim and entered into a letter of intent with Ocure Ltd. (“Ocure”), pursuant to which the Company agreed to exclusively license certain technology from Ocure related to the development of products and devices for the treatment of anal fissures and on August 5, 2015, entered into an exclusive license agreement to Ocure’s semi-occlusive wound dressing for ambulatory treatment of acute and chronic anal fissures (the “Ocure License”). On July 9, 2015, the Company established the wholly-owned subsidiary Madison-IL Ltd., incorporated under the laws of the country of Israel to address the Company’s requirement for an Israeli company to operate and hold the assets associated with Ocure License. The Company elected January 4, 2017 to terminate the Ocure License and write off the remaining investment. On April 1, 2017, by consent action of a majority of the Company’s shareholders, Madison Ventures sold Madison-IL, the wholly owned subsidiary, to a shareholder of the Company. See Note 4. The Company has no revenues, a limited operating history, and no current line of business. The success of the Company is dependent upon the identification of products or services, the ability of the Company to obtain the necessary financing to develop such products or services, and upon future profitable operations. Plan of Reorganization and Agreement of Securities Exchange On April 23, 2018, the Company entered into a Plan of Reorganization and Agreement of Securities Exchange (the “Agreement”) with Firetainment Inc. (“Firetainment”), a Florida Corporation. The Agreement will result in the merger of Firetainment into Madison Ventures with the corporation to survive as Firetainment Inc. Pursuant to the Agreement the Company agreed to issue Firetainment two hundred million (200,000,000) common shares in exchange for all of the shares of Firetainment. This issuance will result in a change in control of the Company. Under the Agreement, upon execution, Firetainment received the immediate right to the appointment of the directors and officers of the Company by the resignation of the existing sole director and officer of the Company and the simultaneous appointment of its own designee being the newly appointed sole director and officer. The closing of the Agreement will take place upon the delivery and completion of Firetainment audited statements for the period ending March 31, 2018, unless another time or date, or both, are agreed to in writing by the parties. Also on April 23, 2018, the Board of Directors appointed William Shawn Clark as our Chief Executive Officer, Chief Financial Officer, Secretary and Treasurer as well as our Sole Director. Concurrent with Mr. Clarks’ appointment, Eugenio Gregorio resigned as Chief Executive Officer, Chief Financial Officer, Secretary and Treasurer as well as our Sole Director. Mr. Clark, the sole director of Firetainment, is now our sole officer and director. Use of Estimates and Assumptions The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make certain 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 periods presented. The Company is required to make judgments and estimates about the effect of matters that are inherently uncertain. The Company regularly evaluates estimates and assumptions related to the useful life and recoverability of long-lived assets, deferred income tax asset valuations and loss contingences. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. Although, we believe our judgments and estimates are appropriate, actual future results may be different; if different assumptions or conditions were to prevail, the results could be materially different from our reported results. Share-based Compensation Codification topic 718 “Stock Compensation” requires that the cost resulting from all share-based transactions be recorded in the financial statements and establishes fair value as the measurement objective for share-based payment transactions with employees and acquired goods or services from non-employees. The codification also provides guidance on valuing and expensing these awards, as well as disclosure requirements of these equity arrangements. The Company adopted the codification upon creation of the company and will expense share based costs in the period incurred. The Company has not adopted a stock option plan or completed a share-based transaction; accordingly no stock-based compensation has been recorded to date. Recent Accounting Pronouncements The Company’s management has evaluated all the recently issued, but not yet effective, accounting standards that have been issued or proposed by the FASB or other standards-setting bodies through the filing date of these financial statements and does not believe the future adoption of any such pronouncements will have a material effect on the Company’s financial position and results of operations.

Going concern

Going concern	3 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
3. Going concern	These 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 approximately $516,000 as of June 30, 2018 and 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 to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. The Company’s operating expenditure plan for the next fiscal year ending March 31, 2019 will require cash. Management intends to finance operating costs over the next twelve months with the issuance of common shares and/or related party borrowings.

Investment in technology licens

Investment in technology license	3 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
4. Investment in technology license	On January 4, 2017, the Company elected to terminate the Ocure License and write off the remaining investment in the license agreement. In a further step to exit this line of business on April 1, 2017, by consent action of a majority of the Company’s shareholders, Madison Ventures sold Madison-IL, Ltd., the wholly owned subsidiary the Company incorporated in Israel on July 9, 2015 pursuant to the license agreement (the “Subsidiary”), to Pompeii Finance, a shareholder of the Company (see Note 5). Pompeii assumed the remaining assets and liabilities of Madison-IL which on March 31, 2017 aggregated 23,844 NIL and 250,996 NIL or approximately $6,566 and $69,115, respectively. On April 1, 2017, the Company recognized a net gain from the sale of Madison-IL of $48,911 ($62,549 of net liabilities eliminated, offset by $13,738 of other comprehensive losses from prior period foreign translation adjustments and $100 of proceeds received). On February 27, 2015, we entered into a letter of intent (the “Letter of Intent”) with Ocure Ltd. (“Ocure”), an Israeli corporation, pursuant to which the Company would be obligated to exclusively license certain technology from Ocure under terms of a license agreement to be negotiated between the Company and Ocure. On August 5, 2015, as amended February 26, 2016, the company entered into an exclusive license agreement (the “License Agreement”) with Ocure and the Subsidiary. Pursuant to the License Agreement, Ocure granted to the Subsidiary an exclusive, sub-licensable, worldwide, license (the “License”) to Ocure’s semi-occlusive wound dressing for ambulatory treatment of acute and chronic anal fissure, pursuant to Ocure’s patents and patent applications (the “Licensed Technology”) and to its production, use, import, offer for sale, sell, lease, distribute, or otherwise commercialize the Licensed Technology for uses classified as medical devices, or those otherwise approved ultimately as an OTC (over-the-counter) remedy. Under the License Agreement, the Company was obligated as consideration for the Licensed Technology to provide the Subsidiary $250,000 for the commercialization of the Licensed Technology, payable as four defined amounts over a fourteen month period ending on or before April 8, 2016 (collectively, the “First $250,000 Tranche”). The Effective Date of the License Agreement occurred upon satisfaction of the Condition Precedent, as defined, and approval of the Agreement by the Chief Scientist of the Israeli Ministry of the Economy. The License Agreement Effective Date was November 11, 2015; the date approval of the Chief Scientist of the Israeli Ministry of the Economy was received. Upon the 6-month anniversary of the Effective Date, if the Company had paid the First $250,000 Tranche, then Ocure would have transferred certain assets, as defined, to the Subsidiary, and the Company would be obligated to provide the Subsidiary a second $250,000 tranche, payable as three defined amounts over a two month period. The Company was in default of the First $250,000 Tranche aggregate payment due on April 8, 2016. Upon the six month anniversary of the Effective Date (May 11, 2016) no assets were transferred by Ocure to the Company’s subsidiary. As of March 31, 2017, the Company had advanced funds aggregating $221,850 to the Subsidiary and paid Ocure $10,000 under the License Agreement. As such, the Company was in breach of its obligations under the License Agreement, but had not received notice of termination from Ocure. Madison-IL had not achieved the projected development milestones and the Company elected January 4, 2017 to terminate the Ocure License. As of March 31, 2017, the Subsidiary in furtherance of the commercialization of the Licensed Technology had incurred an aggregate of $266,722 of costs recorded as the investment in technology license. At March 31, 2017, the additional costs recorded as the investment in technology license represent vendor obligations payable by Madison-IL Accordingly the investment in the technology license of $266,722, at January 4, 2017, was written off and recognized as an expense during the year ended March 31, 2017. As of June 30, and March 31, 2018, zero technology license costs are capitalized.

Due to related parties

Due to related parties	3 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
5. Due to related parties	Due to related parties at June 30 and March 31, 2018 consisted of the following: June 30, March 31, 2018 2018 Balance at beginning of period $ 272,381 $ 236,942 Funds advanced 11,167 35,539 Funds repaid - (100 ) Balance at end of period $ 283,548 $ 272,381 On July 3, July 8, July 10, August 12, November 12, November 13, 2014, January 23, February 27, March 5, May 16, June 17, June 30, July 6, August 13, November 17, 2015, February 13, February 20, March 7 and March 17, 2016, Ecogenics Limited, a shareholder of the Company, advanced the Company $2,000, $775, $1,460, $2,000, $2,000, $1,763, $2,000, $10,000, $3,525, $4,093, $2,755, $1,083, $5,000, $3,000, $2,041, $961, $5,000, $3,300, and $50,000 respectively, as a series of unsecured obligations for an aggregate total of $102,756. On August 11 and November 10, 2016, Pompeii Finance, a shareholder of the Company, advanced the Company $6,500 and $5,250, respectively, as a series of unsecured obligations for an aggregate total of $11,750. On April 1, 2017, by consent action of a majority of the Company’s shareholders, Madison Ventures negotiated the sale of Madison-IL, following the termination of the Ocure License, to Pompeii Finance for $100 which was deducted from the funds owed to Pompeii for the above advances. See Note 7. The net funds aggregating $114,406 were used to pay operating costs of the Company. The aggregate obligations bears no interest, has no fixed term and is not evidenced by any written agreement. The shareholders are under no obligation to advance additional funds to the Company. On December 3, December 24, 2015, January 4, January 6, January 15, November 10, 2016, February 7, March 30, September 7, 2017, February 7, and June 19, 2018 Morpheus Financial Corporation Limited, a shareholder of the Company, advanced the Company $37,473, $7,500, $7,326, $8,412, $49,975, $3,750, $5,000, $3,000, $15,000, $20,539 (advanced as 25,735 CND), and $1,167 respectively, as a series of unsecured obligations. The funds aggregating $159,142 were used to pay operating costs of the Company. On January 8, 2016, the aggregate advances received and future advances from Morpheus were structured as a noninterest bearing unsecured non-recourse loan due January 31, 2017. The shareholder, if requested by the Company, agreed to advance additional funds to the Company up to a maximum of $250,000 subject to certain timing limitation as defined. The Company is currently negotiating an extension of the due date. On June 29, 2018 Firetainment Inc. advanced the Company $10,000 as an unsecured obligation. The obligation bears no interest, has no fixed term and is not evidenced by any written agreement. Firetainment is under no obligation to advance additional funds to the Company. On July 24, July 31, August 7, and August 17, 2018 Firetainment advanced the Company $1,458, $600, $12,000, and 150, respectively, to pay operating costs of the Company.

Long-term debt due to related p

Long-term debt due to related party	3 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
6. Long-term debt due to related party	Long term debt at June 30 and March 31, 2018 consisted of the following: June 30, March 31, 2018 2018 Balance at beginning of period $ 110,065 $ 110,000 Funds advanced - 65 Balance at end of period $ 110,065 $ 110,065 On April 18, 2016, the Company entered into a five year non-interest bearing loan agreement for $110,000 with Cronus Overseas Corporation, a shareholder of the Company. Proceeds were used to fund the Technology acquisition and operations. If the loan is not repaid on or before April 15, 2021 the loan amount will be subject to default interest on the amount then outstanding of ten percent (10%) per month during the first 30 days of delinquency, fifteen percent (15%) per month during the 31 to 60 days of delinquency, twenty percent (20%) per month during the 61 to 90 days of delinquency (the “Default Interest”). If the loan amount remains unpaid after 90 days the lender, at its option, will be entitled to a default payment of one hundred fifty-nine percent (159%) of the then outstanding loan amount inclusive of the Default Interest. On September 25, 2017, Cronus paid on behalf of the Company $65 for operating costs of the Company.

Related party transactions

Related party transactions	3 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
7. Related party transactions	Employment Agreements On April 2, 2014, Mr. Gene Gregorio was appointed the Company’s President, Chief Executive Officer, Chief Financial Officer and sole Director. On April 20, 2014, the Company agreed to issue Mr. Gregorio 1,000,000 (250,000 presplit) restricted shares of the Company’s Common Stock, valued at $25,000, based on the market close, as compensation for his services for an initial term of one year (the “April 20 th In addition, if during the term of the April 20 th On April 14, 2015, the April 20 th th On April 23, 2018, Mr. Gregorio resigned as the Company’s President, Chief Executive Officer, Chief Financial Officer and as the sole Director. Madison-IL On March 31, 2017, the Company forgave the intercompany debt between Madison Ventures, Inc. and Madison-IL Ltd which aggregated $231,850. The Company, established Madison-IL on July 9, 2015 as a wholly-owned subsidiary, incorporated under the laws of the country of Israel to address the Company’s requirement for an Israeli company to operate and hold the assets associated with Ocure License. Following the Company’s January 4, 2017 discussion to terminate the Ocure License and to dissolve or liquidate Madison-IL, by consent action of a majority of the Company’s shareholders, Madison Ventures negotiated the sale of Madison-IL to Pompeii Finance, a shareholder of the Company, on April 1, 2017 for $100 which was deducted from the funds owed to Pompeii for related party advances. See Note 4. Pompeii assumed the remaining assets and liabilities of Madison-IL which on March 31, 2017 aggregated 23,844 NIL and 250,996 NIL or approximately $6,566 and $69,115, respectively. On April 1, 2017, the Company recognized a net gain from the sale of Madison-IL of $48,911 ($62,549 of net liabilities eliminated, offset by $13,738 of other comprehensive losses from prior period foreign translation adjustments and $100 of proceeds received).

Capital stock

Capital stock	3 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
8. Capital stock	The Company’s capitalization is 300,000,000 shares of common stock, with a par value of $0.001 per share, with 29,400,000 shares issued and outstanding at June 30 and March 31, 2018. On April 11, 2016, the Company effected a four for one forward stock split of our i) authorized and ii) issued and outstanding shares of common stock. Prior to the forward stock split the Company had 75,000,000 authorized shares of common stock, with a par value of $0.001 per share and 7,100,000 shares issued and outstanding at March 31, 2016. As of June 30 and March 31, 2018, the Company has not granted any stock options or stock warrants.

Subsequent Events

Subsequent Events	3 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
9. Subsequent Events	On July 5, 2018, holders of 15,820,000 shares of the Company’s outstanding common stock, representing approximately 53.8% of the outstanding shares, approved, by written consents, an amendment to the articles of incorporation of the Company to change the name of the Company from “Madison Ventures Inc.” to “Viabuilt Ventures Inc.” On July 5, 2018, there were no written consents received by the Company representing a vote against, abstention or broker non-vote with respect to the proposal to change the name. The Company expects to change its name when all regulatory approvals have been obtained. On July 24, 2018, Firetainment Inc. advanced the Company $1,458 to pay operating costs. On July 31, 2018, Firetainment Inc. advanced the Company $600 to pay operating costs. On August 7, 2018, Firetainment Inc. advanced the Company $12,000 to pay operating costs. On August 17, 2018, Firetainment Inc. advanced the Company $150 to pay operating costs.

Nature of operations (Policies)

Nature of operations (Policies)	3 Months Ended
	Jun. 30, 2018
Nature Of Operations
Plan of Reorganization and Agreement of Securities Exchange	On April 23, 2018, the Company entered into a Plan of Reorganization and Agreement of Securities Exchange (the “Agreement”) with Firetainment Inc. (“Firetainment”), a Florida Corporation. The Agreement will result in the merger of Firetainment into Madison Ventures with the corporation to survive as Firetainment Inc. Pursuant to the Agreement the Company agreed to issue Firetainment two hundred million (200,000,000) common shares in exchange for all of the shares of Firetainment. This issuance will result in a change in control of the Company. Under the Agreement, upon execution, Firetainment received the immediate right to the appointment of the directors and officers of the Company by the resignation of the existing sole director and officer of the Company and the simultaneous appointment of its own designee being the newly appointed sole director and officer. The closing of the Agreement will take place upon the delivery and completion of Firetainment audited statements for the period ending March 31, 2018, unless another time or date, or both, are agreed to in writing by the parties. Also on April 23, 2018, the Board of Directors appointed William Shawn Clark as our Chief Executive Officer, Chief Financial Officer, Secretary and Treasurer as well as our Sole Director. Concurrent with Mr. Clarks’ appointment, Eugenio Gregorio resigned as Chief Executive Officer, Chief Financial Officer, Secretary and Treasurer as well as our Sole Director. Mr. Clark, the sole director of Firetainment, is now our sole officer and director.
Use of Estimates and Assumptions	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make certain 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 periods presented. The Company is required to make judgments and estimates about the effect of matters that are inherently uncertain. The Company regularly evaluates estimates and assumptions related to the useful life and recoverability of long-lived assets, deferred income tax asset valuations and loss contingences. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. Although, we believe our judgments and estimates are appropriate, actual future results may be different; if different assumptions or conditions were to prevail, the results could be materially different from our reported results.
Share-based Compensation	Codification topic 718 “Stock Compensation” requires that the cost resulting from all share-based transactions be recorded in the financial statements and establishes fair value as the measurement objective for share-based payment transactions with employees and acquired goods or services from non-employees. The codification also provides guidance on valuing and expensing these awards, as well as disclosure requirements of these equity arrangements. The Company adopted the codification upon creation of the company and will expense share based costs in the period incurred. The Company has not adopted a stock option plan or completed a share-based transaction; accordingly no stock-based compensation has been recorded to date.
Recent Accounting Pronouncements	The Company’s management has evaluated all the recently issued, but not yet effective, accounting standards that have been issued or proposed by the FASB or other standards-setting bodies through the filing date of these financial statements and does not believe the future adoption of any such pronouncements will have a material effect on the Company’s financial position and results of operations.

Due to related parties (Tables)

Due to related parties (Tables)	3 Months Ended
	Jun. 30, 2018
Due To Related Parties
Due to related parties	June 30, March 31, 2018 2018 Balance at beginning of period $ 272,381 $ 236,942 Funds advanced 11,167 35,539 Funds repaid - (100 ) Balance at end of period $ 283,548 $ 272,381

Long-term debt due to related18

Long-term debt due to related party (Tables)	3 Months Ended
	Jun. 30, 2018
Long-term Debt Due To Related Party
Long term debt	June 30, March 31, 2018 2018 Balance at beginning of period $ 110,065 $ 110,000 Funds advanced - 65 Balance at end of period $ 110,065 $ 110,065

Nature of operations (Details N

Nature of operations (Details Narrative) - shares	3 Months Ended
	Jun. 30, 2018	Apr. 23, 2018
State of incorporation	Nevada
Date of incorporation	Sep. 14, 2009
Plan of Reorganization and Agreement of Securities Exchange [Member] | Firetainment Inc [Member]
Common stock, shares issuable under aggrement		200,000,000

Going concern (Details Narrativ

Going concern (Details Narrative) - USD ($)	Jun. 30, 2018	Mar. 31, 2018
Going Concern
Accumulated deficit	$ (515,690)	$ (500,727)

Investment in technology lice21

Investment in technology license (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2018	Mar. 31, 2017	Mar. 31, 2018
Advance for commercialization of the licensed technology		$ 221,850
Fees paid for commercialization licensed technology		10,000
Net liabilities	$ 418,190		$ 393,227
Accumulated other comprehensive income (loss)
License Agreement [Member]
Advance for commercialization of the licensed technology	250,000
Investment in technology license		266,722
Impairment of technology license		$ 266,722
Madison-IL [Member]
Assets and liabilities description		Pompeii assumed the remaining assets and liabilities of Madison-IL which on March 31, 2017 aggregated 23,844 NIL and 250,996 NIL or approximately $6,566 and $69,115, respectively.
Pompeii Finance [Member] | April 1, 2017 [Member]
Net liabilities	62,549
Pompeii Finance [Member] | Madison-IL Ltd [Member]
Business acquisition remaining assets		$ 6,566
Business acquisition remaining liabilities		$ 69,115
Pompeii Finance [Member] | Madison-IL Ltd [Member] | April 1, 2017 [Member]
Business combination net gain from sale	48,911
Accumulated other comprehensive income (loss)	13,738
Foreign translation adjustments	$ 100

Due to related parties (Details

Due to related parties (Details) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2018	Mar. 31, 2018
Due To Related Party Details Abstract
Balance at beginning of period	$ 272,381	$ 236,942
Funds advanced	11,167	35,539
Funds repaid		(100)
Balance at end of period	$ 283,548	$ 272,381

Due to related parties (Detai23

Due to related parties (Details Narrative) - USD ($)	3 Months Ended
	Jun. 30, 2018	Aug. 17, 2018	Aug. 07, 2018	Jul. 31, 2018	Jul. 24, 2018	Jun. 29, 2018	Jun. 19, 2018	Mar. 31, 2018	Feb. 07, 2018	Sep. 07, 2017	Mar. 31, 2017	Mar. 30, 2017	Feb. 07, 2017	Nov. 10, 2016	Aug. 11, 2016	Mar. 17, 2016	Mar. 07, 2016	Feb. 20, 2016	Feb. 13, 2016	Jan. 15, 2016	Jan. 06, 2016	Jan. 04, 2016	Dec. 24, 2015	Dec. 03, 2015	Nov. 17, 2015	Aug. 13, 2015	Jul. 06, 2015	Jun. 30, 2015	Jun. 17, 2015	May 16, 2015	Mar. 05, 2015	Feb. 27, 2015	Jan. 23, 2015	Nov. 13, 2014	Nov. 12, 2014	Aug. 12, 2014	Jul. 10, 2014	Jul. 08, 2014	Jul. 03, 2014
Advance of additional funds, description	The shareholder, if requested by the Company, agreed to advance additional funds to the Company up to a maximum of $250,000 subject to certain timing limitation as defined.
Due to related party	$ 283,548							$ 272,381			$ 236,942
Pompeii Finance [Member]
Due to related party														$ 5,250	$ 6,500
Pompeii Finance [Member] | April 1, 2017 [Member]
Adjustment of negotiated sale amount	100
Ecogenics Limited [Member]
Due to related party	114,406															$ 50,000	$ 3,300	$ 5,000	$ 961						$ 2,041	$ 3,000	$ 5,000	$ 1,083	$ 2,755	$ 4,093	$ 3,525	$ 10,000	$ 2,000	$ 1,763	$ 2,000	$ 2,000	$ 1,460	$ 775	$ 2,000
Morpheus Financial Corporation Limited [Member]
Due to related party	159,142						$ 1,167		$ 20,539	$ 15,000		$ 3,000	$ 5,000	$ 3,750						$ 49,975	$ 8,412	$ 7,326	$ 7,500	$ 37,473
Unsecured Obligations [Member] | Pompeii Finance [Member]
Due to related party	11,750
Unsecured Obligations [Member] | Ecogenics Limited [Member]
Due to related party	$ 102,756
Firetainment Inc [Member] | Subsequent Event [Member]
Due to related party		$ 150	$ 12,000	$ 600	$ 1,458
Firetainment Inc [Member] | Unsecured Obligations [Member]
Due to related party						$ 10,000

Long-term debt due to related24

Long-term debt due to related party (Details) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2018	Mar. 31, 2018
Longterm Debt Details
Balance at beginning of period	$ 110,065	$ 110,000
Funds advanced		65
Balance at end of period	$ 110,065	$ 110,065

Long-term debt due to related25

Long-term debt due to related party (Details Narrative) - USD ($)	1 Months Ended		3 Months Ended
	Sep. 25, 2017	Apr. 18, 2016	Jun. 30, 2018	Jun. 30, 2017
Operating costs			$ 14,963	$ (45,478)
Cronus Overseas Corporation [Member]
Long-term debt		$ 110,000
Default interest description		If the loan is not repaid on or before April 15, 2021 the loan amount will be subject to default interest on the amount then outstanding of ten percent (10%) per month during the first 30 days of delinquency, fifteen percent (15%) per month during the 31 to 60 days of delinquency, twenty percent (20%) per month during the 61 to 90 days of delinquency (the “Default Interest”). If the loan amount remains unpaid after 90 days the lender, at its option, will be entitled to a default payment of one hundred fifty-nine percent (159%) of the then outstanding loan amount inclusive of the Default Interest.
Operating costs	$ 65

Related party transactions (Det

Related party transactions (Details Narrative) - USD ($)	Aug. 09, 2016	Apr. 14, 2015	Mar. 31, 2015	Apr. 20, 2014	Apr. 20, 2014	Jun. 30, 2018	Mar. 31, 2017	Mar. 31, 2018
Net liabilities						$ 418,190		$ 393,227
Accumulated other comprehensive income (loss)
Pompeii Finance [Member] | April 1, 2017 [Member]
Adjustment of negotiated sale amount						100
Net liabilities						62,549
Pompeii Finance [Member] | Madison-IL Ltd [Member]
Business acquisition remaining assets							$ 6,566
Business acquisition remaining liabilities							69,115
Pompeii Finance [Member] | Madison-IL Ltd [Member] | April 1, 2017 [Member]
Business combination net gain from sale						48,911
Accumulated other comprehensive income (loss)						13,738
Foreign translation adjustments						$ 100
Mr. Gene Gregorio [Member]
Common stock restricted shares		1,000,000	250,000	1,000,000
Common stock restricted shares presplit				250,000
Value of restricted shares		$ 25,000		$ 25,000
Stock option investing period description					In addition, if during the term of the April 20th Agreement Mr. Gregorio’s direct efforts result in a consummated financing for the Company he shall be paid a 5.0% fee on such financing received by the Company, at his option, as either cash or shares of Company’s Common Stock at the offering price. Additionally, the Company will grant Mr. Gregorio a 2 year stock option priced at the current market trading price equal to 5% of the aggregate shares issued to investors within the financing.
Madison Ventures, Inc [Member] | Madison-IL Ltd [Member]
Forgiveness of debt							$ 231,850
Mr. Gregorio [Member]
Shares issued for service	1,000,000

Capital stock (Details Narrativ

Capital stock (Details Narrative) - $ / shares	Jun. 30, 2018	Mar. 31, 2018	Mar. 31, 2016
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	29,400,000	29,400,000
Common stock, shares outstanding	29,400,000	29,400,000
Forward stock split [Member]
Common stock, par value			$ 0.001
Common stock, shares authorized			75,000,000
Common stock, shares issued			7,100,000
Common stock, shares outstanding			7,100,000

Subsequent Event (Details Narra

Subsequent Event (Details Narrative) - USD ($)	Jul. 05, 2018	Aug. 17, 2018	Aug. 07, 2018	Jul. 31, 2018	Jul. 24, 2018	Jun. 30, 2018	Mar. 31, 2018	Mar. 31, 2017
Due to related party						$ 283,548	$ 272,381	$ 236,942
Common stock, shares outstanding						29,400,000	29,400,000
Subsequent Event [Member]
Common stock, shares outstanding	15,820,000
Common stock, shares outstanding holding percentage	53.80%
Subsequent Event [Member] | Firetainment Inc [Member]
Due to related party		$ 150	$ 12,000	$ 600	$ 1,458