FLASR (FLSR) 10-Q 16 Nov 15 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Sep. 30, 2015	Nov. 11, 2015
Document and Entity Information:
Entity Registrant Name	FLASR, Inc.
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Entity Central Index Key	1,577,189
Current Fiscal Year End Date	--03-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Entity Common Stock, Shares Outstanding		257,785,538

BALANCE SHEET

BALANCE SHEET - USD ($)	Sep. 30, 2015	Mar. 31, 2015
CURRENT ASSETS
Cash	$ 2,603	$ 6,421
Accounts receivable, net of allowance for doubtful accounts of $9,534 and $5,184 at September 30, 2015 and March 31, 2015, respectively		4,350
Inventory	$ 96,550	$ 48,671
Prepaid expenses	184,430
Fair value of derivatives on convertible debt	230,436
Total Current Assets	514,019	$ 59,442
Trademark, net of $643 and $288 in accumulated amortization at September 30, 2015 and March 31, 2015, respectively	4,482	4,837
Total Assets	518,501	64,279
CURRENT LIABILITIES
Accounts payable	86,511	121,321
Accrued Interest	72,411	23,053
Short-term debt, net of deferred financing fees,net of $48,863 at September 30, 2015 and nil at March 31, 2015, respectively	1,181,887	586,000
Due to Shareholder	91,584	176,586
Total Current Liabilities	1,432,393	906,960
Total Liabilities	$ 1,432,393	$ 906,960
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' DEFICIT
Common stock, $0.001 par value, 500,000,000 shares authorized, 116,983,784 and 114,050,000 shares issued and outstanding as of September 30, 2015 and March 31, 2015, respectively	$ 116,984	$ 114,050
Additional paid-in capital	4,138,571	3,757,450
Accumulated deficit	(5,169,447)	(4,714,181)
Total Liabilities and Stockholders' Deficit	$ 518,501	$ 64,279

BALANCE SHEET (Parenthetical)

BALANCE SHEET (Parenthetical) - USD ($)	Sep. 30, 2015	Mar. 31, 2015
Balance Sheet Parenthetical
Accounts receivable, net of allowance for doubtful accounts	$ 9,534	$ 5,184
Trademark, net	643	288
Short-term debt, net of deferred financing fees	$ 48,863	$ 0
STOCKHOLDERS' DEFICIT
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	116,983,784	114,050,000
Common stock, shares outstanding	116,983,784	114,050,000

STATEMENT OF OPERATIONS

STATEMENT OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement Of Operations
REVENUES	$ 2,409	$ 598	$ 3,104	$ 3,730
COST OF SALES	1,361	515	7,827	2,009
GROSS MARGIN	1,048	83	(4,723)	1,721
OPERATING EXPENSES:
General and administrative	$ 170,531	44,058	$ 259,240	62,381
Preproduction Costs		39,850		40,350
Product advertising costs	$ 62,390	2,090	$ 171,868	4,926
Amortization Expense	85	$ 124	355	124
Research and Development Costs	5,440		5,440	1,182
Total Operating Expenses	238,446	$ 86,122	436,903	108,963
OTHER (INCOME) EXPENSE:
Interest Expense	53,064	$ 4,195	93,271	$ 4,195
Equity purchase agreement fees	150,805		150,805
Unrealized loss on derivatives for convertible debt	(360,911)		(230,436)
Total Other (Income) Expense	(157,042)	$ 4,195	13,640	$ 4,195
NET LOSS	$ (80,356)	$ (90,234)	$ (455,266)	$ (111,437)
Basic and diluted loss per share	$ 0	$ 0	$ 0	$ 0
Basic and diluted weighted average common shares outstanding:	115,414,298	89,195,652	114,805,799	87,606,557

STATEMENT OF CASH FLOWS

STATEMENT OF CASH FLOWS - USD ($)	6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
OPERATING ACTIVITIES
Net loss	$ (455,266)	$ (111,437)
Bad debt expense	4,350
Amortization of deferred financing fees	45,787
Amortization expense	355	$ 124
Common stock issued for marketing services	77,250
Unrealized loss on derivatives for convertible debt	(230,436)
Equity purchase agreement fees	150,805
Net changes in operating assets and liabilities:
Prepaid expenses	$ 45,570
Accounts receivable		$ 348
Inventory	$ (47,879)	(319)
Accounts payable	(36,810)	38,392
Accrued liabilities	49,358	4,195
Net Cash Used in Operating Activities	$ (396,916)	(68,697)
INVESTING ACTIVITIES
Advance to shareholder		(45,911)
Capitalized trademark costs		(283)
Net Cash Used in Investing Activities		(46,194)
FINANCING ACTIVITIES
Proceeds from short-term debt	$ 599,750	125,000
Proceeds from shareholder loan		16,778
Repayment from short term debt	$ (30,000)	$ (5,000)
Repayment from shareholder loans	(85,002)
Deferred financing fees	(91,650)
Net cash provided by Financing Activities	393,098	$ 136,778
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(3,818)	21,887
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	6,421	134
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 2,603	$ 22,021
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION CASH PAID FOR:
Interest
Income taxes
NON-CASH TRANSACTIONS
Common stock and convertible debt for execution of equity purchase agreement	$ 150,805
Common stock issued for marketing services	305,250
Common stock issued for services to raise capital	$ 14,400

HISTORY AND ORGANIZATION OF THE

HISTORY AND ORGANIZATION OF THE COMPANY	6 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Note 1 - HISTORY AND ORGANIZATION OF THE COMPANY	We were incorporated on April 22, 2013 in the State of Nevada under the name "Language Arts Corp." to design, develop and launch an online language learning and translation service but never commenced such planned operations and had limited start-up operations and generated no revenues. On July 23, 2014, Everett Dickson consummated the purchase of 6,000,000 shares of common stock of the Company representing 63% of the issued and outstanding shares of the Company on a fully diluted basis. The purchase price for the shares of $30,000 was payable on January 23, 2015. Effective July 23, 2014, in connection with the closing of the Purchase Agreement, the sole officer and director of the Company resigned and Mr. Dickson was appointed President, Chief Executive Officer, Chief Financial Officer and sole director of the Company. The acquisition of FLASR by the Company was treated as a reverse capitalization, with FLASR deemed the accounting acquirer and the Company deemed the accounting acquiree under the purchase method of accounting. The reverse merger is deemed a recapitalization and the accompanying financial statements represent the continuation of the financial statements of FLASR (the accounting acquirer/legal subsidiary) except for its capital structure. The accompanying financial statements reflect the assets and liabilities of FLASR recognized and measured at their carrying value before the combination and the assets and liabilities of Language Arts (the legal acquiree/legal parent). The equity structure reflects the equity structure of Language Arts, the legal parent, and the equity structure of FLASR, the accounting acquirer, as restated to reflect the number of shares of the legal parent. The merged entity is referred to herein as "the Company". The Company sells portable waste solutions for consumers of moist tobacco products. We have created the FLASR™, a discreet, considerate, convenient and reusable spittoon system.

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
NOTE 2 - NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Basis of Presentation The accompanying financial statements are unaudited and have been prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X of the United States Securities and Exchange Commission ("SEC"). Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements. The Company has elected a March 31 fiscal year end. The accompanying financial statements at September 30, 2015 and March 31, 2015 and for the three and six-month periods ended September 30, 2015 and 2014 contain all normally recurring adjustments considered necessary for a fair presentation of the Company's financial position, results of operations, and cash flows for such periods. Operating results for the three months and six months ended September 30, 2015 are not necessarily indicative of the results that may be expected for the year ending March 31, 2016. These financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company's audited financial statements for the year ended March 31, 2015, to the form 10-K filed with the SEC on June 29, 2015. Recent Accounting Pronouncements In May 2014, Financial Accounting Standards Board ("FASB") issued guidance that introduces a new five-step revenue recognition model in which an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance also requires disclosures sufficient to enable users to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers, including qualitative and quantitative disclosures about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract. In April 2015, the FASB decided to delay the effective date for the guidance. The guidance is effective for fiscal years beginning after December 15, 2017, including interim periods within that reporting period. The Company is currently evaluating the new guidance to determine the impact it will have on its financial statements. In June 2014, the FASB issued amended guidance on the accounting for certain share-based employee compensation awards. The amended guidance applies to share-based employee compensation awards that include a performance target that affects vesting when the performance target can be achieved after the requisite service period. These targets are to be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant-date fair value of the award and compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved. The amendments are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. The Company does not expect adoption will have a material impact on its financial statements. In February 2015, the FASB issued amended guidance on the consolidation of legal entities including limited partnerships and limited liability corporations. The guidance modifies the consolidation models to be analyzed in determining whether a reporting entity should consolidate certain types of legal entities. The guidance must be applied using one of two retrospective application methods and will be effective for fiscal years beginning after December 15, 2015, and for interim periods within those fiscal years. Early adoption is permitted, including adoption in any interim period. The Company does not expect adoption will have a material impact on its financial statements. In April 2015, the FASB issued guidance in order to simplify the presentation of debt issuance costs. The guidance requires that debt issuance costs related to a recognized debt liability be presented as a direct deduction from the carrying amount of the debt liability rather than as a deferred charge asset as required under current guidance. The guidance also requires that the amortization of debt issuance costs be reported as interest expense. The guidance is effective for the Company starting January 1, 2016 and must be applied on a retrospective basis. Early adoption is permitted. The Company has chosen to early adopt this guidance as of the interim period ended March 31, 2015. No retrospective application was deemed necessary, as the Company did not have any debt issuance costs prior to the three and six months ended September 30, 2015. Approximately $48,863 of net debt issuance costs have been deducted from the carrying amount of debt as of September 30, 2015. In June 2015, the FASB issued Accounting Standards Update No. 2015-10: Technical Corrections and Improvements (ASU 2015-10). ASU 2015-10 is part of an initiative to clarify the Accounting Standards Codification (Codification), correct unintended application of guidance, and make minor improvements to the Codification that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. ASU 2015-10 covers a wide range of topics in the Codification and is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015; early adoption is permitted. The Company is currently evaluating the provisions of this accounting update and assessing the impact, if any, it may have on its financial position and results of operations. In July 2015, the FASB issued accounting guidance regarding simplifying the measurement of inventory. The new guidance applies only to inventory for which cost is determined by methods other than last-in, first-out and the retail inventory method, which includes inventory that is measured using first-in, first-out or average cost. Inventory within the scope of this standard is required to be measured at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The new standard will be effective for us on January 1, 2017. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

GOING CONCERN

GOING CONCERN	6 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
NOTE 3 - GOING CONCERN	The Company's financial statements are prepared using US GAAP applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has limited operating history and a working capital deficit. These factors raise substantial doubt about the Company's ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management plans to raise money by selling stock, and expects additional cash flows from sales in future periods. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

ISSUANCE OF NEW SHARES

ISSUANCE OF NEW SHARES	6 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
NOTE 4 - ISSUANCE OF NEW SHARES	During the six months ended September 30, 2015, in consideration for services previously rendered, the Company issued an additional 430,000 common shares to third party investors. The shares were valued at the market price on the respective dates of issuance, and the fair value of the shares was determined to be $72,256 and is recorded as advertising expense and cost of equity for the six months ended September 30, 2015. On August 13, 2015, the Company entered into a consulting agreement with a consulting group whereas the consulting group will provide various corporate consulting services over a six month period. As consideration for the consulting services, the Company issued 2,000,000 shares of common stock. The fair value of these shares was measured as of the date the shares were issued and amounted to $230,000 and were recognized as a prepaid expense to be amortized over the life of the agreement. On August 17, 2015, the Company entered into an Equity Purchase Agreement (Note 6) with Premier Venture Partners, LLC, a California Limited Liability Company (the "Investor") whereas the Company can require the Investor to invest up to $3.0 million to purchase the Company's common stock. In exchange for this option, the Company issued 473,784 common shares as partial consideration. The fair value of these shares as of the date of issuance were $75,805 and were charged as Equity Purchase Agreement Fees on the Company's Statement of Operations. On September 18, 2015, the Company amended the Auctus Fund, LLC Note (defined in Note 5) to exclude the obligation that the Company shall include on the next registration statement the Company files with the SEC all shares issuable upon conversion of this note. As consideration for this amendment, the Company issued the Auctus Fund, LLC an additional 30,000 common shares. These shares were included as deferred financing costs at their fair value of $3,000 as of the date of issuance. The common shares issued and outstanding totaled 116,983,784 on September 30, 2015.

DERIVATIVES AND SHORT-TERM DEBT

DERIVATIVES AND SHORT-TERM DEBT	6 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
NOTE 5 - DERIVATIVES AND SHORT-TERM DEBT	Derivatives During the first six months of fiscal year 2016, the Company entered into several Security Purchase Agreements for convertible debt which contain the following embedded derivatives: (i) rights to convert principal and interest payable into shares of the Company's common stock under specific circumstances for each Note; and (ii) conversion prices that varies depending on the stock prices at the time of the conversion. Accounting standards define fair value, outline a framework for measuring fair value, and detail the required disclosures about fair value measurements. Under these standards, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date in the principal or most advantageous market. Standards establish a hierarchy in determining the fair market value of an asset or liability. The fair value hierarchy has three levels of inputs, both observable and unobservable. Standards require the utilization of the highest possible level of input to determine fair value. Level 1 – inputs include quoted market prices in an active market for identical assets or liabilities Level 2 – inputs are market data, other than Level 1, that are observable either directly or indirectly. Level 2 inputs include quoted market prices for similar assets or liabilities, quoted market prices in an active market, and other observable information that can be corroborated by market data. Level 3 – inputs are unobservable and corroborated by little or no market data. While the Company believes that its valuation methods, as set forth below, are appropriate and consistent with other market participants, it recognizes that the use of different methodologies or assumptions to determine the fair value of certain instruments could result in a different estimate of fair value at the reporting date. The Company estimated the fair value of the embedded derivatives based upon Level 3 inputs as described below. Convertible Notes The Company estimated the fair value of the Convertible Notes using the Black-Scholes approach. The fair value of the derivatives at September 30, 2015 is approximately $230,436. During the first quarter of fiscal year 2016, the Company entered into a Securities Purchase Agreement with Vis Vires Group, Inc. ("Vis Vires") for the sale of a convertible promissory note (the "Vis Vires Note") in the principal amount of $38,000. On April 1 2015, Vis Vires executed the Securities Purchase Agreement and funded the Company pursuant to the terms thereof. The note bears an interest rate of 8% and is due on December 27, 2015. The note holder shall have the right to convert the note to the Company common stock beginning on the date which is 180 days from the date of this note and the conversion price is 58% multiplied by the average of the lowest three trading prices during the 10 trading day period prior to the conversion date. The note plus accrued interest was $39,582 at September 30, 2015. The estimated Warrants total 797,262, and are valued at $0.02 each as of September 30, 2015. The following table sets forth the inputs to the Black-Scholes model that was used to value the embedded derivative at September 30, 2015: Stock price $ 0.07 Discount rate 20 % Exercise price $ 0.05 Issuance date April 1, 2015 Maturity date December 27, 2015 Volatility 206.9 % Interest rate 0.28 % During the first quarter of fiscal year 2016, the Company entered into a Securities Purchase Agreement with LG Capital Funding, LLC, a New York limited liability Company ("LG") for the sale of two convertible notes (the "LG Note") in the principal amount of $157,500 ($78,750 each). The notes bear an interest rate of 8% and are due on April 1, 2016. Interest is payable in cash only. The note holder shall have the right to convert the Second Note to the Company common stock once the Buyer Note is paid off in cash. The conversion price is 60% multiplied by the average of the lowest 20 trading prices prior to the conversion date. The note was $78,750 at September 30, 2015. The estimated Warrants total 1,642,678, and are valued at $0.03 each as of September 30, 2015. The following table sets forth the inputs to the Black-Scholes model that was used to value the embedded derivative at September 30, 2015: Stock price $ 0.07 Discount rate 20 % Exercise price $ 0.05 Issuance date April 1, 2015 Maturity date April 1, 2016 Volatility 206.9 % Interest rate 0.33 % During the first quarter of fiscal year 2016, the Company entered into a Securities Purchase Agreement with Adar Bays, LLC, a Florida limited liability Company ("Adar Bays") for the sale of two convertible notes (the "Adar Bays Note") in the principal amount of $150,000 ($75,000 each). The notes bear an interest rate of 8% and are due on April 2, 2016. Interest is payable in cash only. The note holder shall have the right to convert the Second note to the Company common stock once the Buyer Note is paid off in cash. The conversion price is 60% multiplied by the average of the lowest 20 trading prices prior to the conversion date. The note was $75,000 at September 30, 2015. The estimated Warrants total 1,564,456, and are valued at $0.03 each as of September 30, 2015. The following table sets forth the inputs to the Black-Scholes model that was used to value the embedded derivative at September 30, 2015: Stock price $ 0.07 Discount rate 20 % Exercise price $ 0.05 Issuance date April 2, 2015 Maturity date April 2, 2016 Volatility 206.9 % Interest rate .33 % During the first quarter of fiscal year 2016, the Company executed a 12% convertible note (the "JSJ Note") in the principal amount of $57,000 with JSJ Investments Inc., a Texas corporation ("JSJ"). The JSJ Note, which is due on October 1, 2015, bears interest at the rate of 12% per annum. The note holder shall have the right to convert the note to the Company common stock at any time and the conversion price is 55% multiplied by the average of the lowest 20 trading prices prior to the conversion date. The note plus accrued interest was $60,317 at September 30, 2015. The estimated Warrants total 1,372,555, and are valued at $0.01 each as of September 30, 2015. The following table sets forth the inputs to the Black-Scholes model that was used to value the embedded derivative at September 30, 2015: Stock price $ 0.07 Discount rate 20 % Exercise price $ 0.04 Issuance date April 2, 2015 Maturity date October 1, 2015 Volatility 206.9 % Interest rate 0.23 % During the first quarter of fiscal year 2016, the Company entered into a Securities Purchase Agreement with Union Capital, LLC, Nevada Limited Liability Company ("Union Capital") for the sale of two convertible notes (the "Union Capital Note") in the principal amount of $100,000 ($50,000 each). The notes bear and interest rate of 8% and are due on April 15, 2016. Interest is payable in cash only.The note holder shall have the right to convert the Second Note to the Company common stock once the Buyer Note is paid off in cash. The conversion price is 60% multiplied by the average of the lowest 20 trading prices prior to the conversion date. The note was $50,000 at September 30, 2015. The estimated Warrants total 1,043,841, and are valued at $0.03 each as of September 30, 2015. The following table sets forth the inputs to the Black-Scholes model that was used to value the embedded derivative at September 30, 2015: Stock price $ 0.07 Discount rate 20 % Exercise price $ 0.05 Issuance date April 15, 2015 Maturity date April 15, 2016 Volatility 206.9 % Interest rate 0.33 % During the first quarter of fiscal year 2016, the Company entered into a Securities Purchase Agreement with Black Forest Capital, LLC, a New York Limited Liability Company ("Black Forest") for the sale of two convertible notes (the "Black Forest Note") in the principal amount of $150,000 ($75,000 each). The notes bear an interest rate of 10% and are due on March 8, 2016. Interest is payable only in cash. The note holder shall have the right to convert the Second note to the Company common stock once the Buyer Note is paid off in cash. The conversion price is 58% multiplied by the lowest bid price of the last 10 trading prices prior to the conversion date. The note was $75,000 at September 30, 2015. The estimated Warrants total 1,618,402 and are valued at $0.03 each as of September 30, 2015. The following table sets forth the inputs to the Black-Scholes model that was used to value the embedded derivative at September 30, 2015: Stock price $ 0.07 Discount rate 20 % Exercise price $ 0.05 Issuance date June 4, 2015 Maturity date March 8, 2016 Volatility 206.9 % Interest rate 0.28 % During the second quarter of fiscal year 2016, the Company entered into a Securities Purchase Agreement with Auctus Fund, LLC, a Massachusetts Limited Liability Company, for the sale of a convertible redeemable note (the "Auctus Fund, LLC Note") in the principal amount of $51,000. The note bears an interest rate of 10% and is due on April 28, 2016. The note holder shall have the right to convert the notes to the Company common stock at any time and the conversion price is the lesser of 55% multiplied by the lowest trading price for the previous 25 days ending on the last complete trading day prior to the date of this Note or the variable trading price which is 55% multiplied by the lowest 25 trading prices ending on the latest complete trading day prior to the conversion date subject to equitable adjustments for stock splits, stock dividends, or right offerings. The Company amended this agreement during the second quarter of fiscal 2015 to exclude the obligation that the Company shall include on the next registration statement the Company files with the SEC all shares issuable upon conversion of this Note. As consideration for this amendment, the Company issued the Auctus Fund, LLC an additional 30,000 common shares as discussed in Note 4. The note plus accrued interest was $51,908 at September 30, 2015. The estimated Warrants total 1,181,209 and are valued at $0.03 each at September 30, 2015. The following table sets forth the inputs to the Black-Scholes model that was used to value the embedded derivative at September 30, 2015: Stock price $ 0.07 Discount rate 20 % Exercise price $ 0.04 Issuance date July 28, 2015 Maturity date April 28, 2016 Volatility 206.9 % Interest rate 0.28 % During the second quarter of fiscal year 2016, the Company entered into a Securities Purchase Agreement with Vis Vires for the sale of a convertible promissory note (the "2016 Vis Vires Note") in the principal amount of $48,000. The note bears an interest rate of 8% and is due on March 8, 2016. The note holder shall have the right to convert the note to the Company common stock beginning on the date which is 180 days from the date of this note and the conversion price is 58% multiplied by the average of the lowest three trading prices during the 10 trading day period prior to the conversion date. The note plus accrued interest was $51,908 at September 30, 2015. The estimated Warrants total 991,881, and are valued at $0.03 each at September 30, 2015. The following table sets forth the inputs to the Black-Scholes model that was used to value the embedded derivative at September 30, 2015: Stock price $ 0.07 Discount rate 20 % Exercise price $ 0.05 Issuance date June 4, 2015 Maturity date March 8, 2016 Volatility 206.9 % Interest rate 0.28 % During the second quarter of fiscal year 2016, the Company entered into a Securities Purchase Agreement with GW Holdings Group, LLC, a New York Limited Liability Company, for the sale of a convertible promissory note (the "GW Holdings Note") in the principal amount of $37,000. The note bears an interest rate of 8% and is due on July 14, 2016. The note holder shall have the right to convert the note to the Company common stock beginning on the date which is 180 days from the date of this note and the conversion price is 57.5% multiplied by the lowest trading price during the 20 trading days up to the conversion date. The note plus accrued interest was $37,641 at September 30, 2015. The estimated Warrants total 935,172, and are valued at $0.04 each as of September 30, 2015. The following table sets forth the inputs to the Black-Scholes model that was used to value the embedded derivative at September 30, 2015: Stock price $ 0.07 Discount rate 20 % Exercise price $ 0.04 Issuance date July 14, 2015 Maturity date July 14, 2016 Volatility 206.9 % Interest rate 0.33 % During the second quarter of fiscal year 2016, the Company entered into a Securities Purchase Agreement with Essex Global Investment Corp for the sale of a convertible promissory note (the "Essex Global Note") in the principal amount of $50,000. The note bears an interest rate of 10% and is due on August 7, 2016. The note holder shall have the right to convert the note to the Company common stock beginning on the date which is 180 days from the date of this note and the conversion price is 58% multiplied by the lowest trading price during the 10 trading day period prior to the conversion date. The note plus accrued interest was $50,753 at September 30, 2015. The estimated Warrants total 1,250,084, and are valued at $0.04 each as of September 30, 2015. The following table sets forth the inputs to the Black-Scholes model that was used to value the embedded derivative at September 30, 2015: Stock price $ 0.07 Discount rate 20 % Exercise price $ 0.04 Issuance date August 7, 2015 Maturity date August 7, 2016 Volatility 206.9 % Interest rate 0.33 % During the second quarter of fiscal year 2016, the Company entered into a Securities Purchase Agreement with Premier Venture Partners, LLC, for the sale of a convertible promissory note (the "Premier Venture Note") in the principal amount of $75,000. The note bears an interest rate of 5% and is due on February 6, 2016. The note holder shall have the right to convert the note to the Company common stock beginning on the date which is 180 days from the date of this note and the conversion price is 70% multiplied by the volume weighted average price during the 10 trading day period prior to the conversion date. The note plus accrued interest was $75,462 at September 30, 2015. The estimated Warrants total 1,122,482, and are valued at $0.02 each as of September 30, 2015. The following table sets forth the inputs to the Black-Scholes model that was used to value the embedded derivative at September 30, 2015: Stock price $ 0.07 Discount rate 20 % Exercise price $ 0.07 Issuance date August 17, 2015 Maturity date February 6, 2016 Volatility 206.9 % Interest rate 0.23 % During the second quarter of fiscal year 2016, the Company entered into a Securities Purchase Agreement with Yoshar Trading, LLC, a Florida limited liability company, for the sale of a convertible promissory note (the "Yoshar Note") in the principal amount of $40,000. The note bears an interest rate of 10% and is due on August 11, 2016. The note holder shall have the right to convert the note to the Company common stock beginning on the date which is 180 days from the date of this note and the conversion price is 57.5% multiplied the lowest trading price during the 20 trading day period up to the conversion date. The note plus accrued interest was $40,589 at September 30, 2015. The estimated Warrants total 1,007,675 and are valued at $0.04 each at September 30, 2015. The following table sets forth the inputs to the Black-Scholes model that was used to value the embedded derivative at September 30, 2015: Stock price $ 0.07 Discount rate 20 % Exercise price $ 0.04 Issuance date August 11, 2015 Maturity date August 11, 2016 Volatility 206.9 % Interest rate .33 % The Company reserved 21,425,000 shares of common stock for issuance upon full conversion of convertible debt.

EQUITY PURCHASE AGREEMENT

EQUITY PURCHASE AGREEMENT	6 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
NOTE 6 - EQUITY PURCHASE AGREEMENT	On August 17, 2015, the Company entered into an Equity Purchase Agreement (the "Purchase Agreement") with the Investor, pursuant to which the Company has the ability and option to sell and issue shares of its common stock, par value $0.001 per share (the "Common Stock"), to the Investor in an aggregate amount of up to $3 million. Pursuant to the terms of the Purchase Agreement, during a 36-month period beginning the first trading day following the date upon which the SEC declares effective a registration statement covering the resale of the Common Stock to be sold under the Purchase Agreement, the Company may periodically deliver notices requiring the Investor to purchase shares of the Common Stock (each a "Put Notice"). The number of shares subject to each Put Notice must be at least $10,000 worth of the shares and may not exceed four hundred percent (400%) of the average daily trading volume of the Common Stock for the five trading days prior to the date such Put Notice is received by the Investor. The purchase price for the shares of Common Stock under each Put Notice will be ninety percent (90%) of the lowest closing price of the Common Stock during the 10-trading day period following the date upon which the shares of Common Stock subject to such Put Notice are electronically deposited in the Investor's trading account. Per the Purchase Agreement the amount of shares of the Company's Common Stock to be purchased by the Investor is limited to 4.99% of the Company's total outstanding shares of common stock. In conjunction with the signing of this agreement, the Company issued 473,784 common shares as partial consideration. The fair value of these shares as of the date of issuance was $75,805 and were charged as fees in conjunction with share purchase agreement on the Company's Statement of Operations. As other partial consideration, the Company issued a $75,000 convertible note payable (also discussed in Note 5) to the Investor and charged as fees in conjunction with share purchase agreement on the Company's Statement of Operations.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
NOTE 7 - INCOME TAXES	Deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date.Deferred tax assets are recognized to the extent that the realization of the related tax benefit through future taxable profits is probable. The Company provided a full valuation allowance on the net deferred tax asset, consisting of net operating loss carry forwards, because management has determined that it is more likely than not that the Company will not earn income sufficient to realize the deferred tax assets during the carry forward period. The Company applies recognition thresholds and measurement attributes for the financial statement recognition and of a tax position taken or expected to be taken in a tax return as it relates to accounting for uncertainty in income taxes. In addition, it is the Company's policy to recognize interest accrued and penalties, if any, related to unrecognized benefits as income tax expense in its consolidated statement of operations.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
NOTE 8 - COMMITMENTS AND CONTINGENCIES	From time to time, the Company is a party to various legal proceedings arising in the ordinary course of business. While the Company is unable to predict the outcome of these lawsuits, it believes that the ultimate resolution will not have, either individually or in the aggregate, a material adverse effect on the Company's consolidated financial position, cash flows, or results of operations.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
NOTE 9 - SUBSEQUENT EVENTS	Management evaluated the events subsequent to September 30, 2015 through the date these financials were able to be issued. Subsequent to year end, many of the convertible notes described in Note 5 herein were fully or partially converted into shares of the Company's common stock as follows: Vis Vires converted the Vis Vires Note ($38,000 original principle) for 6,658,872 of the Company's common stock, reducing the note to zero. LG partially converted one of the LG Notes ($78,750 original principal) for 5,044,739 shares, reducing the principal amount to $71,485. Adar Bays partially converted one of the Adar Bays Notes ($75,000 original principal) for 19,634,697 shares, reducing the principal amount to $50,121. JSJ partially converted one of the JSJ Note ($57,000 original principal) for 8,075,252 shares, reducing the principal amount to $36,154 Union Capital partially converted one of the Union Capital Notes ($50,000 original principal) for 30,927,853 shares, reducing the principal amount to $12,185. Black Forest partially converted one of the Black Forest Notes ($75,000 original principal) for 10,185,345 shares, reducing the principal amount to $65,833. In November, the Company amended its Articles of Incorporation to increase the amount of authorized common shares of the Company's stock from 500 million to 2.5 billion. There were no further subsequent events that required disclosure recognition.

BASIS OF PRESENTATION AND SUM15

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Sep. 30, 2015
Basis Of Presentation And Summary Of Significant Accounting Policies Policies
Basis of Presentation	The accompanying financial statements are unaudited and have been prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X of the United States Securities and Exchange Commission ("SEC"). Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements. The Company has elected a March 31 fiscal year end. The accompanying financial statements at September 30, 2015 and March 31, 2015 and for the three and six-month periods ended September 30, 2015 and 2014 contain all normally recurring adjustments considered necessary for a fair presentation of the Company's financial position, results of operations, and cash flows for such periods. Operating results for the three months and six months ended September 30, 2015 are not necessarily indicative of the results that may be expected for the year ending March 31, 2016. These financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company's audited financial statements for the year ended March 31, 2015, to the form 10-K filed with the SEC on June 29, 2015.
Recent Accounting Pronouncements	In May 2014, Financial Accounting Standards Board ("FASB") issued guidance that introduces a new five-step revenue recognition model in which an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance also requires disclosures sufficient to enable users to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers, including qualitative and quantitative disclosures about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract. In April 2015, the FASB decided to delay the effective date for the guidance. The guidance is effective for fiscal years beginning after December 15, 2017, including interim periods within that reporting period. The Company is currently evaluating the new guidance to determine the impact it will have on its financial statements. In June 2014, the FASB issued amended guidance on the accounting for certain share-based employee compensation awards. The amended guidance applies to share-based employee compensation awards that include a performance target that affects vesting when the performance target can be achieved after the requisite service period. These targets are to be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant-date fair value of the award and compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved. The amendments are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. The Company does not expect adoption will have a material impact on its financial statements. In February 2015, the FASB issued amended guidance on the consolidation of legal entities including limited partnerships and limited liability corporations. The guidance modifies the consolidation models to be analyzed in determining whether a reporting entity should consolidate certain types of legal entities. The guidance must be applied using one of two retrospective application methods and will be effective for fiscal years beginning after December 15, 2015, and for interim periods within those fiscal years. Early adoption is permitted, including adoption in any interim period. The Company does not expect adoption will have a material impact on its financial statements. In April 2015, the FASB issued guidance in order to simplify the presentation of debt issuance costs. The guidance requires that debt issuance costs related to a recognized debt liability be presented as a direct deduction from the carrying amount of the debt liability rather than as a deferred charge asset as required under current guidance. The guidance also requires that the amortization of debt issuance costs be reported as interest expense. The guidance is effective for the Company starting January 1, 2016 and must be applied on a retrospective basis. Early adoption is permitted. The Company has chosen to early adopt this guidance as of the interim period ended March 31, 2015. No retrospective application was deemed necessary, as the Company did not have any debt issuance costs prior to the three and six months ended September 30, 2015. Approximately $48,863 of net debt issuance costs have been deducted from the carrying amount of debt as of September 30, 2015. In June 2015, the FASB issued Accounting Standards Update No. 2015-10: Technical Corrections and Improvements (ASU 2015-10). ASU 2015-10 is part of an initiative to clarify the Accounting Standards Codification (Codification), correct unintended application of guidance, and make minor improvements to the Codification that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. ASU 2015-10 covers a wide range of topics in the Codification and is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015; early adoption is permitted. The Company is currently evaluating the provisions of this accounting update and assessing the impact, if any, it may have on its financial position and results of operations. In July 2015, the FASB issued accounting guidance regarding simplifying the measurement of inventory. The new guidance applies only to inventory for which cost is determined by methods other than last-in, first-out and the retail inventory method, which includes inventory that is measured using first-in, first-out or average cost. Inventory within the scope of this standard is required to be measured at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The new standard will be effective for us on January 1, 2017. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

DERIVATIVES AND SHORT-TERM DE16

DERIVATIVES AND SHORT-TERM DEBT (Tables)	6 Months Ended
	Sep. 30, 2015
Vis Vires Group, Inc. [Member]
Fair value of the Convertible Notes	Stock price $ 0.07 Discount rate 20 % Exercise price $ 0.05 Issuance date April 1, 2015 Maturity date December 27, 2015 Volatility 206.9 % Interest rate 0.28 %
LG Capital Funding, LLC [Member]
Fair value of the Convertible Notes	Stock price $ 0.07 Discount rate 20 % Exercise price $ 0.05 Issuance date April 1, 2015 Maturity date April 1, 2016 Volatility 206.9 % Interest rate 0.33 %
Adar Bays, LLC [Member]
Fair value of the Convertible Notes	Stock price $ 0.07 Discount rate 20 % Exercise price $ 0.05 Issuance date April 2, 2015 Maturity date April 2, 2016 Volatility 206.9 % Interest rate .33 %
JSJ Investments Inc [Member]
Fair value of the Convertible Notes	Stock price $ 0.07 Discount rate 20 % Exercise price $ 0.04 Issuance date April 2, 2015 Maturity date October 1, 2015 Volatility 206.9 % Interest rate 0.23 %
Union Capital, LLC [Member]
Fair value of the Convertible Notes	Stock price $ 0.07 Discount rate 20 % Exercise price $ 0.05 Issuance date April 15, 2015 Maturity date April 15, 2016 Volatility 206.9 % Interest rate 0.33 %
Black Forest Capital, LLC [Member]
Fair value of the Convertible Notes	Stock price $ 0.07 Discount rate 20 % Exercise price $ 0.05 Issuance date June 4, 2015 Maturity date March 8, 2016 Volatility 206.9 % Interest rate 0.28 %
Auctus Fund, LLC Note [Member]
Fair value of the Convertible Notes	Stock price $ 0.07 Discount rate 20 % Exercise price $ 0.04 Issuance date July 28, 2015 Maturity date April 28, 2016 Volatility 206.9 % Interest rate 0.28 %
Vis Vires Note [Member]
Fair value of the Convertible Notes	Stock price $ 0.07 Discount rate 20 % Exercise price $ 0.05 Issuance date June 4, 2015 Maturity date March 8, 2016 Volatility 206.9 % Interest rate 0.28 %
GW Holdings Note [Member]
Fair value of the Convertible Notes	Stock price $ 0.07 Discount rate 20 % Exercise price $ 0.04 Issuance date July 14, 2015 Maturity date July 14, 2016 Volatility 206.9 % Interest rate 0.33 %
Essex Global Note [Member]
Fair value of the Convertible Notes	Stock price $ 0.07 Discount rate 20 % Exercise price $ 0.04 Issuance date August 7, 2015 Maturity date August 7, 2016 Volatility 206.9 % Interest rate 0.33 %
Premier Venture Note [Member]
Fair value of the Convertible Notes	Stock price $ 0.07 Discount rate 20 % Exercise price $ 0.07 Issuance date August 17, 2015 Maturity date February 6, 2016 Volatility 206.9 % Interest rate 0.23 %
Yoshar Note [Member]
Fair value of the Convertible Notes	Stock price $ 0.07 Discount rate 20 % Exercise price $ 0.04 Issuance date August 11, 2015 Maturity date August 11, 2016 Volatility 206.9 % Interest rate .33 %

BASIS OF PRESENTATION AND SUM17

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	6 Months Ended
	Sep. 30, 2015USD ($)
Basis Of Presentation And Summary Of Significant Accounting Policies Details Narrative
Debt issuance costs	$ 48,863

ISSUANCE OF NEW SHARES (Details

ISSUANCE OF NEW SHARES (Details Narrative) - USD ($)	6 Months Ended
	Sep. 30, 2015	Mar. 31, 2015
Issuance Of New Shares Details Narrative
Issued common shares to third party investors	430,000
Common stock, shares issued	116,983,784	114,050,000
Common stock, shares outstanding	116,983,784	114,050,000
Advertising expense and cost of equity	$ 72,256

DERIVATIVES AND SHORT-TERM DE19

DERIVATIVES AND SHORT-TERM DEBT (Details)	6 Months Ended
	Sep. 30, 2015$ / shares
Vis Vires Group, Inc. [Member]
Stock price	$ 0.07
Discount rate	20.00%
Exercise price	$ 0.05
Issuance date	Apr. 1, 2015
Maturity date	Dec. 27, 2015
Volatility	206.90%
Interest rate	0.28%
LG Capital Funding, LLC [Member]
Stock price	$ 0.07
Discount rate	20.00%
Exercise price	$ 0.05
Issuance date	Apr. 1, 2015
Maturity date	Apr. 1, 2016
Volatility	206.90%
Interest rate	0.33%
Adar Bays, LLC [Member]
Stock price	$ 0.07
Discount rate	20.00%
Exercise price	$ 0.05
Issuance date	Apr. 2, 2015
Maturity date	Apr. 2, 2016
Volatility	206.90%
Interest rate	0.33%
JSJ Investments Inc [Member]
Stock price	$ 0.07
Discount rate	20.00%
Exercise price	$ 0.04
Issuance date	Apr. 2, 2015
Maturity date	Oct. 1, 2015
Volatility	206.90%
Interest rate	0.23%
Union Capital, LLC [Member]
Stock price	$ 0.07
Discount rate	20.00%
Exercise price	$ 0.05
Issuance date	Apr. 15, 2015
Maturity date	Apr. 15, 2016
Volatility	206.90%
Interest rate	0.33%
Black Forest Capital, LLC [Member]
Stock price	$ 0.07
Discount rate	20.00%
Exercise price	$ 0.05
Issuance date	Jun. 4, 2015
Maturity date	Mar. 8, 2016
Volatility	206.90%
Interest rate	0.28%
Auctus Fund, LLC Note [Member]
Stock price	$ 0.07
Discount rate	20.00%
Exercise price	$ 0.04
Issuance date	Jul. 28, 2015
Maturity date	Apr. 28, 2016
Volatility	206.90%
Interest rate	0.28%
Vis Vires Note [Member]
Stock price	$ 0.07
Discount rate	20.00%
Exercise price	$ 0.05
Issuance date	Jun. 4, 2015
Maturity date	Mar. 8, 2016
Volatility	206.90%
Interest rate	0.28%
GW Holdings Note [Member]
Stock price	$ 0.07
Discount rate	20.00%
Exercise price	$ 0.04
Issuance date	Jul. 14, 2015
Maturity date	Jul. 14, 2016
Volatility	206.90%
Interest rate	0.33%
Essex Global Note [Member]
Stock price	$ 0.07
Discount rate	20.00%
Exercise price	$ 0.04
Issuance date	Aug. 7, 2015
Maturity date	Aug. 7, 2016
Volatility	206.90%
Interest rate	0.33%
Premier Venture Note [Member]
Stock price	$ 0.07
Discount rate	20.00%
Exercise price	$ 0.07
Issuance date	Aug. 17, 2015
Maturity date	Feb. 6, 2016
Volatility	206.90%
Interest rate	0.23%
Yoshar Note [Member]
Stock price	$ 0.07
Discount rate	20.00%
Exercise price	$ 0.04
Issuance date	Aug. 11, 2015
Maturity date	Aug. 11, 2016
Volatility	206.90%
Interest rate	0.33%

DERIVATIVES AND SHORT-TERM DE20

DERIVATIVES AND SHORT-TERM DEBT (Details Narrative)	Sep. 30, 2015USD ($)$ / sharesshares
Fair value of the derivatives	$ 230,436
Vis Vires Group, Inc. [Member]
Accrued interest	$ 39,582
Estimated Warrants | shares	797,262
Warrants exercise price | $ / shares	$ 0.02
LG Capital Funding, LLC [Member]
Accrued interest	$ 78,750
Estimated Warrants | shares	1,642,678
Warrants exercise price | $ / shares	$ 0.03
Adar Bays, LLC [Member]
Accrued interest	$ 75,000
Estimated Warrants | shares	1,564,456
Warrants exercise price | $ / shares	$ 0.03
JSJ Investments Inc [Member]
Accrued interest	$ 60,317
Estimated Warrants | shares	1,372,555
Warrants exercise price | $ / shares	$ 0.01
Union Capital, LLC [Member]
Accrued interest	$ 50,000
Estimated Warrants | shares	1,043,841
Warrants exercise price | $ / shares	$ 0.03
Black Forest Capital, LLC [Member]
Accrued interest	$ 75,000
Estimated Warrants | shares	1,618,402
Warrants exercise price | $ / shares	$ 0.03
Auctus Fund, LLC Note [Member]
Accrued interest	$ 51,908
Estimated Warrants | shares	1,181,209
Warrants exercise price | $ / shares	$ 0.03
Vis Vires Note [Member]
Accrued interest	$ 51,908
Estimated Warrants | shares	991,881
Warrants exercise price | $ / shares	$ 0.03
GW Holdings Note [Member]
Accrued interest	$ 37,641
Estimated Warrants | shares	935,172
Warrants exercise price | $ / shares	$ 0.04
Essex Global Note [Member]
Accrued interest	$ 50,753
Estimated Warrants | shares	1,250,084
Warrants exercise price | $ / shares	$ 0.04
Premier Venture Note [Member]
Accrued interest	$ 75,462
Estimated Warrants | shares	1,122,482
Warrants exercise price | $ / shares	$ 0.02
Yoshar Note [Member]
Accrued interest	$ 40,589
Estimated Warrants | shares	1,007,675
Warrants exercise price | $ / shares	$ 0.04