Viabuilt Ventures (VBVT) 10-Q 19 Nov 19 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Sep. 30, 2019	Nov. 19, 2019
Document And Entity Information
Entity Registrant Name	Viabuilt Ventures Inc.
Entity Central Index Key	0001575975
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Entity Small Business	true
Entity Shell Company	true
Entity Emerging Growth Company	true
Entity Current Reporting Status	Yes
Document Period End Date	Sep. 30, 2019
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2020
Entity Ex Transition Period	true
Entity Common Stock Shares Outstanding		1,234,694

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2019	Mar. 31, 2019
Current assets:
Cash
Total assets
Current liabilities:
Accounts payable	12,705	18,809
Accrued liabilities	32,669	10,616
Due to related party	80,437	52,036
Total current liabilities	125,811	81,461
Long-term liabilities:
Long-term convertible debt due to related party, net of unamortized discount of $273,352	97,058	39,031
Derivative Liability	525,274	511,484
Total long-term liabilities	622,332	550,515
Total Liabilities	748,143	631,976
Commitments and Contingencies
Shareholders' equity (deficit):
Common stock: 300,000,000 shares authorized of $0.001 par value; 1,234,694 and 1,176,012 shares issued and outstanding as of September 30 and March 31, 2019, respectively	1,235	1,176
Additional paid-in capital	123,870	106,324
Accumulated deficit	(873,248)	(739,476)
Accumulated other comprehensive income (loss)
Total shareholders' equity (deficit)	(748,143)	(631,976)
Total liabilities and shareholders' equity (deficit)

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2019	Mar. 31, 2019
Shareholders' equity (deficit)
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares issued	1,234,694	1,176,012
Common stock, shares outstanding	1,234,694	1,176,012

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Operating costs:
Consulting and professional fees	$ 12,053	$ 30,308	$ 20,344	$ 45,271
Other general & administrative expenses	1,001		1,953
Total operating costs	13,054	30,308	22,297	45,271
Other income (expense):
Change in Derivative Liability	(39,313)		(39,313)
Interest expense	(41,798)		(84,848)
Conversion of Debt	12,686		12,686
Total other income (expense)	(68,425)		(111,475)
Net (loss) income	$ (81,479)	$ (30,308)	$ (133,772)	$ (45,271)
Net (loss) income per common share:
Basic and diluted	$ (0.07)	$ (0.03)	$ (0.11)	$ (0.04)
Weighted average common shares outstanding:
Basic and diluted	1,183,654	1,176,012	1,179,848	1,176,012

Consolidated Statement Of Stock

Consolidated Statement Of Stockholder's Equity - USD ($)	Total	Common stock	Additional paid-in capital	Accumulated deficit	Accumulated other comprehensive income (loss)
Balance, shares at Mar. 31, 2018		1,176,012
Balance, amount at Mar. 31, 2018	$ (393,227)	$ 1,176	$ 106,324	$ (500,727)
Net loss	$ (238,749)			$ (238,749)
Balance, shares at Mar. 31, 2019		1,176,012
Balance, amount at Mar. 31, 2019	$ (631,976)	$ 1,176	$ 106,324	$ (739,476)
Net loss	(133,772)			$ (133,772)
Common Stock Issued for Conversion of Debt, amount	$ 17,605	$ 59	$ 17,546
Common Stock Issued for Conversion of Debt, shares		58,682
Balance, shares at Sep. 30, 2019		1,234,694
Balance, amount at Sep. 30, 2019	$ (748,143)	$ 1,235	$ 123,870	$ (873,248)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net (loss) income	$ (81,479)	$ (30,308)	$ (133,772)	$ (45,271)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
(Gain) on conversion of debt			(12,686)
Amortization of debt discount			61,079
Change on derivative liability	39,313		39,313
Changes in operating assets and liabilities:
Increase (decrease) in accounts payable			(6,104)	15,796
Increase in accrued liabilities			23,769
Net cash (used in) provided by operating activities			(28,401)	(29,475)
Cash flows from financing activities:
Proceeds from related parties			28,401	29,475
Proceeds from non-interest bearing term-debt due to related party
Net cash provided by financing activities			28,401	29,475
Net (decrease) in cash
Cash, beginning of the year
Cash, end of the year

Financial statements

Financial statements	6 Months Ended
	Sep. 30, 2019
Financial statements
1. Financial Statements	The accompanying unaudited 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 consolidated balance sheet of the Company as of September 30, 2019, and the related balance sheet of the Company as of March 31, 2019, the unaudited statement of operations and cash flows for the Six Months ended September 30, 2019 and 2018 and the consolidated statement of stockholders’ equity for the period of March 31, 2018 to September 30, 2019 are included in this document. These unaudited consolidated financial statements should be read in conjunction with the March 31, 2019 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 16, 2019. Operating results for the Six Months ended September 30, 2019 are not necessarily indicative of the results that can be expected for the fiscal year ending March 31, 2020.

Nature of operations

Nature of operations	6 Months Ended
	Sep. 30, 2019
Nature of operations
2. Nature of operations	VIABUILT 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 wounds and on August 5, 2015, entered into an exclusive license agreement to Ocure’s semi-occlusive wound dressing for ambulatory treatment of acute wounds (the “Ocure License”). On July 9, 2015, the Company established the wholly-owned subsidiary VIABUILT-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, VIABUILT Ventures sold VIABUILT-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 VIABUILT 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. 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. The April 23, 2018 Agreement was terminated by the Company on March 26, 2019, and replaced on March 26, 2019 by a Share Exchange Agreement, and further amended on September 1, 2019, whereby upon closing the shareholder of Firetainment, Inc. will be issued a total of 7,000,000 shares of Common Stock of the Company in exchange for 100% of the capital stock of Firetainment, Inc. The closing of this transaction will be completed upon the completion of the audit of the Financial Statements of Firetainment, Inc. for the years ended December 31, 2018 and 2017, and upon the closing Firetainment, Inc. will become a wholly-owned subsidiary of the Company. 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	6 Months Ended
	Sep. 30, 2019
Going concern
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 ($873,248) as of September 30, 2019 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, 2020 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.

Due to related parties

Due to related parties	6 Months Ended
	Sep. 30, 2019
Due to related parties
4. Due to related parties	Due to related parties at September 30 and March 31, 2019 consisted of the following: Sept. 30, March 31, 2019 2019 Balance at beginning of period $ 52,036 $ 52,036 Funds advanced 28,401 - Funds repaid - - Balance at end of period $ 80,437 $ 52,036 As of March 31, 2019, Firetainment Inc. had advanced the Company $52,036 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. During the six months ended September 30, 2019, Firetainment advanced $28,401 for corporate expenses. As of September 30, 2019, total advances were $80,457.

Long-term debt due to related p

Long-term debt due to related party	6 Months Ended
	Sep. 30, 2019
Long-term debt due to related party
5. Long-term debt due to related party	A Convertible Note for $383,613 was issued on December 26, 2018 to Thomas Wenz (“Wenz”), who is the sole debt holder of and the former shareholder of Firetainment, Inc. in exchange for and the cancellation of four unsecured obligations. The loan evidenced by a convertible promissory note has not been registered under any state or Federal securities law and matures December 26, 2021 (the “Wenz Debenture”). The Wenz Convertible Note accrues interest in arrears quarterly at the rate of 12% per annum; interest is due and payable at maturity. The Company can prepay the note and accrued interest or any portion thereof (the “Called Amount”) upon a thirty day notice during which period Wenz can elect to convert all or a portion of the Called Amount into Common Stock. Wenz, at his option, at any time prior to maturity can convert the note, in whole or in part (the “Conversion Amount”), into Common Stock at a 25% discount to the closing market price on the specified conversion date (the “Conversion Price”); representing a beneficial conversion feature. The Conversion Amount is limited such that the number of shares of Common Stock held by Wenz and/or any of his affiliates or assignees after such requested conversion cannot exceed 4.99% of the then resulting issued and outstanding shares of the Company’s Common Stock. Due to this 4.99% limitation the unconverted Conversion Amount will remain outstanding under the original terms of the Wenz Debenture. In addition, Wenz’s ability to convert any amount into Common Stock is prohibited, at the option of the Company, if such conversion requires registration under any state or Federal securities law. In the event of default, Wenz may declare the principal immediately due and payable. At inception, the Company recorded a discount of $383,613 and recorded amortization expense of $61,079 for the six months ended September 30, 2019. As of March 31, 2019, the unamortized debt discount was $313,372. On September 18, 2019, the Related Party Convertible Note was partially converted, with $13,203 of the principal amount of $383,613 converted in accordance with its terms into 58,682 shares of Common Stock at a conversion price of $.225 per Share. In connection with the conversion the Company recorded a gain of $12,686 during the period ended September 30, 2019.

Derivative liability

Derivative liability	6 Months Ended
	Sep. 30, 2019
Derivative liability
6. Derivative liability	Guidance under Codification topic 815 to determine whether an instrument (or embedded feature) is indexed to an entity’s own stock, instruments which do not have fixed settlement provisions are deemed to be derivative instruments. The Company has issued a convertible note whose conversion price is based on a future market price. However, since the number of shares to be issued is not explicitly limited, the Company is unable to conclude that enough authorized and unissued shares are available to share settle the conversion option. As a result, the conversion option is classified as a liability and bifurcated from the debt host and accounted for as a derivative liability in accordance with Codification topic 815 and will be remeasured at the end of every reporting period with the change in value reported in the statement of operations. At inception, the Company recorded a derivative liability with a fair value of $511,484 using the Black Scholes pricing model with a risk-free rate of 2.6%, volatility of 581.64%, three year term, and dividend yield of zero as of December 31, 2018. The risk-free interest rate was based on rates established by the Federal Reserve Bank. The Company uses the historical volatility of its common stock to estimate the future volatility for its common stock. The expected life of the conversion feature of the note was based on the remaining contractual term of the note. The expected dividend yield was based on the fact that the Company has not paid dividends to its common stockholders in the past and does not expect to pay dividends to its common stockholders in the future. At September 30, 2019, the balance of the derivative liability was $525,274. During the period ended September 30, 2019, the Company recorded a change in fair value of $39,313. In connection with the conversion of debt approximately $25,000 of the derivative liability was reversed.

Capital stock

Capital stock	6 Months Ended
	Sep. 30, 2019
Capital stock
7. Capital stock	On October 9, 2018, the Company completed a reverse-split of its Common Stock, whereby one (1) new Share of Common Stock, $.001 par value, was issued in exchange for twenty-five (25) issued and outstanding Shares of Common Stock, $.001 par value. On September 18, 2019, the Related Party Convertible Note was partially converted, with $13,203 of the principal amount of $383,613 converted in accordance with its terms into 58,682 shares of Common Stock at a conversion price of $.225 per Share. The Company’s authorized capitalization is 300,000,000 shares of common stock, with a par value of $0.001 per share, with 1,234,694 Shares of Common Stock issued and outstanding at September 30, 2019. As of September 30, 2019 and 2018, the Company has not granted any stock options or stock warrants.

Subsequent Events

Subsequent Events	6 Months Ended
	Sep. 30, 2019
Subsequent Events
8. Subsequent Events	On March 26, 2019, the Company entered into a Share Exchange Agreement with Firetainment, Inc., whereby upon closing the sole shareholder of Firetainment, Inc. will be issued a total of 7,000,000 shares of Common Stock of the Company in exchange for 100% of the capital stock of Firetainment, Inc. The closing of this transaction will be completed upon the completion of the audit of the financial statements of Firetainment, Inc. and is expected to close during November 2019. William Shawn Clark, the President of the Company, is also the President and sole shareholder of Firetainment, Inc.

Nature of operations (Policies)

Nature of operations (Policies)	6 Months Ended
	Sep. 30, 2019
Nature of operations (Policies)
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 VIABUILT 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. 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. The April 23, 2018 Agreement was terminated by the Company on March 26, 2019, and replaced on March 26, 2019 by a Share Exchange Agreement, and further amended on September 1, 2019, whereby upon closing the shareholder of Firetainment, Inc. will be issued a total of 7,000,000 shares of Common Stock of the Company in exchange for 100% of the capital stock of Firetainment, Inc. The closing of this transaction will be completed upon the completion of the audit of the Financial Statements of Firetainment, Inc. for the years ended December 31, 2018 and 2017, and upon the closing Firetainment, Inc. will become a wholly-owned subsidiary of the Company.
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)	6 Months Ended
	Sep. 30, 2019
Due to related parties (Tables)
Schedule of due to related parties	Sept. 30, March 31, 2019 2019 Balance at beginning of period $ 52,036 $ 52,036 Funds advanced 28,401 - Funds repaid - - Balance at end of period $ 80,437 $ 52,036

Nature of operations (Details N

Nature of operations (Details Narrative) - shares	1 Months Ended		6 Months Ended
	Mar. 26, 2019	Apr. 23, 2018	Sep. 30, 2019	Sep. 01, 2019
State of incorporation			Nevada
Date of incorporation			Sep. 14, 2009
Firetainment Inc [Member] | Share Exchange Agreement [Member]
Exchange percentage of capital stock	100.00%			100.00%
Common stock, shares issuable under agreement	7,000,000			7,000,000
Plan of Reorganization and Agreement of Securities Exchange [Member] | Firetainment Inc [Member]
Exchange percentage of capital stock				100.00%
Common stock, shares issuable under agreement				7,000,000
Common stock, shares issuable under agreement description		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.

Going concern (Details Narrativ

Going concern (Details Narrative) - USD ($)	Sep. 30, 2019	Mar. 31, 2019
Going concern (Details Narrative)
Accumulated deficit	$ (873,248)	$ (739,476)

Due to related parties (Details

Due to related parties (Details) - USD ($)	6 Months Ended	12 Months Ended
	Sep. 30, 2019	Mar. 31, 2019
Due to related parties (Details)
Balance at beginning of period	$ 52,036	$ 52,036
Funds advanced	28,401
Funds repaid
Balance at end of period	$ 80,437	$ 52,036

Due to related parties (Detai_2

Due to related parties (Details Narrative) - USD ($)	6 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Mar. 31, 2019
Proceeds from related parties	$ 28,401	$ 29,475
Due to related party	80,437		$ 52,036
Firetainment Inc [Member]
Proceeds from related parties	28,401
Due to related party	$ 80,457		$ 52,036

Long-term debt due to related_2

Long-term debt due to related party (Details Narrative) - USD ($)	1 Months Ended		3 Months Ended	6 Months Ended
	Sep. 18, 2019	Dec. 26, 2018	Sep. 30, 2019	Sep. 30, 2019	Mar. 31, 2019	Mar. 26, 2019
Amortization expense				$ 61,079
Unamrotized debt discount					$ 313,372
Gain on conversion of convertible note			$ 12,686	12,686
Partly converted note			$ 13,203	13,203
Convertible notes interest			12.00%
Debt instrument converted amount				$ 17,605
Thomas Wenz [Member]
Convertible debt		$ 383,613
Maturity date		Dec. 26, 2021
Subsequent Event [Member]
Debt instrument converted amount	$ 383,613
Common stock shares issued for conversion of debt	58,682
Debt instrument, convertible, conversion price	$ 0.225

Derivative liability (Details N

Derivative liability (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Derivative liability
Derivative liability	$ 525,274		$ 525,274
Risk free interest rate			2.60%
Volatility rate			581.64%
Dividend rate			0.00%
Expected term			3 years
Change in derivative liability	$ (39,313)		$ (39,313)
Reversed derivative liability			$ 25,000

Capital stock (Details Narrativ

Capital stock (Details Narrative) - $ / shares	Oct. 09, 2018	Sep. 30, 2019	Mar. 31, 2019
Capital stock
Common stock, par value		$ 0.001	$ 0.001
Common stock, shares authorized		300,000,000	300,000,000
Common stock, shares issued		1,234,694	1,176,012
Common stock, shares outstanding		1,234,694	1,176,012
Reverse stock split description	The Company completed a reverse-split of its Common Stock, whereby one (1) new Share of Common Stock, $.001 par value, was issued in exchange for twenty-five (25) issued and outstanding Shares of Common Stock, $.001 par value.

Subsequent Event (Details Narra

Subsequent Event (Details Narrative) - Share Exchange Agreement [Member] - Firetainment Inc [Member] - shares	1 Months Ended	6 Months Ended
	Mar. 26, 2019	Sep. 01, 2019
Common stock, shares issuable under agreement	7,000,000	7,000,000
Exchange percentage of capital stock	100.00%	100.00%