Vortex Blockchain (VXBT) 10-K 13 Jul 17 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Mar. 31, 2017	Jul. 12, 2017	Sep. 30, 2016
Document and Entity Information:
Entity Registrant Name	UA Granite Corp
Document Type	10-K
Document Period End Date	Mar. 31, 2017
Trading Symbol	uagz
Amendment Flag	false
Entity Central Index Key	1,577,882
Current Fiscal Year End Date	--03-31
Entity Common Stock, Shares Outstanding		5,650,000
Entity Public Float			$ 650,000
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	2,017
Document Fiscal Period Focus	FY

UA GRANITE CORPORATION BALANCE

UA GRANITE CORPORATION BALANCE SHEETS MARCH 31, 2017 AND 2016 - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Assets, Current
Cash and Cash Equivalents, at Carrying Value		$ 95
Assets, Current		95
Assets, Noncurrent
Assets		95
Liabilities, Current
Accounts Payable, Current	$ 592	1,460
Accounts payable - related party	(37,970)	(21,500)
Liabilities, Noncurrent
Due to Related Parties, Noncurrent	14,923	13,703
Liabilities	53,485	36,663
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
Common Stock, Value, Issued	57	57
Additional Paid in Capital, Common Stock	31,963	28,470
Retained Earnings (Accumulated Deficit)	(85,505)	(65,095)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ (53,485)	(36,568)
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures
Liabilities and Equity		$ 95

UA GRANITE CORP, STATEMENTS OF

UA GRANITE CORP, STATEMENTS OF OPERATIONS YEARS ENDED MARCH 31ST 2017 AND 2016 - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Amortization of Deferred Charges
General and Administrative Expense	$ 5,621	$ 1,846
Professional Fees	7,206	5,280
Consulting	4,090	15,728
Operating Expenses	16,917	22,854
Interest and Debt Expense
Imputed Interest expense	3,493	1,543
Net Income (Loss) Attributable to Parent	$ (20,410)	$ (24,397)
Earnings Per Share
Earnings Per Share, Basic	$ 0	$ 0
Earnings Per Share, Diluted	$ 0	$ 0
Weighted Average Number of Shares Outstanding, Basic	5,650,000	5,650,000

UA GRANITE CORP, STATEMENTS OF4

UA GRANITE CORP, STATEMENTS OF CASHFLOWS YEAR ENDED MARCH 31, 2017 AND 2016 - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net Cash Provided by (Used in) Operating Activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ (20,410)	$ (24,397)
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities
Imputed Interest expense	3,493	1,543
Increase (Decrease) in Operating Liabilities
Increase (Decrease) in Accounts Payable and Accrued Liabilities	(868)	(3,489)
Proceeds from related party	16,470	21,500
Net Cash Provided by (Used in) Operating Activities	(17,785)	(26,343)
Net Cash Provided by (Used in) Financing Activities
Proceeds from Contributed Capital	1,220	1,820
Net Cash Provided by (Used in) Financing Activities	17,690	23,320
Cash and Cash Equivalents, Period Increase (Decrease)	(95)	(3,023)
Cash and Cash Equivalents, at Carrying Value	$ 95	3,118
Cash and Cash Equivalents, at Carrying Value		$ 95

Statement of Shareholders' Equi

Statement of Shareholders' Equity and Other Comprehensive Income UA Granite Corporation. April 1, 2012 to March 31st 2017 - USD ($)	Common Stock	Additional Paid-in Capital	Retained Earnings	Total
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Mar. 31, 2012	$ 50			$ 50
Shares, Outstanding at Mar. 31, 2012	5,000,000			5,000,000
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest			$ (2,191)	$ (2,191)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Mar. 31, 2013	$ 50		(2,191)	$ (2,141)
Shares, Outstanding at Mar. 31, 2013	5,000,000			5,000,000
Stock Issued During Period, Value, New Issues	$ 7	$ 25,994		$ 26,001
Stock Issued During Period, Shares, New Issues	650,000
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs		403		403
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest			(23,915)	(23,915)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Mar. 31, 2014	$ 57	26,397	(26,106)	$ 348
Shares, Outstanding at Mar. 31, 2014	5,650,000			5,650,000
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs		530		$ 530
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest			(14,592)	(14,592)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Mar. 31, 2015	$ 57	26,927	(40,698)	$ (13,714)
Shares, Outstanding at Mar. 31, 2015	5,650,000			5,650,000
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs		1,543		$ 1,543
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest			(24,397)	(24,397)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Mar. 31, 2016	$ 57	28,470	(65,095)	$ (36,568)
Shares, Outstanding at Mar. 31, 2016	5,650,000			5,650,000
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs		3,493		$ 3,493
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest			(20,410)	(20,410)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Mar. 31, 2017	$ 57	$ 31,963	$ (85,505)	$ (53,485)
Shares, Outstanding at Mar. 31, 2017	5,650,000			5,650,000

Note 1 - Nature of Operations

Note 1 - Nature of Operations	12 Months Ended
	Mar. 31, 2017
Notes
Note 1 - Nature of Operations	NOTE 1 – NATURE OF OPERATIONS DESCRIPTION OF BUSINESS AND HISTORY UA Granite Corporation (the “Company”) was incorporated on February 14, 2013 in the State of Nevada. The Company does not have any revenues and has incurred losses since inception. Currently, the Company has no operations, has been issued a going concern opinion, and relies upon the sale of our securities and loans from its sole officer and director to fund operations. GOING CONCERN These financial statements have been prepared on a going concern basis, which implies the Company will continue to meet its obligations and continue its operations for the next fiscal year. Realization value may be substantially different from carrying values as shown and these financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. As of March 31, 2017 the Company has a working capital deficiency, has not generated revenues and has accumulated losses since inception. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Mar. 31, 2017
Notes
Note 2 - Summary of Significant Accounting Policies	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in U.S. dollars. The Company’s fiscal year-end is March 31. USE OF ESTIMATES The preparation of financial statements in accordance with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of net revenue and expenses in the reporting period. We regularly evaluate our estimates and assumptions related to the useful life and recoverability of long-lived assets, stock-based compensation and deferred income tax asset valuation allowances. We base our estimates and assumptions on current facts, historical experience and various other factors that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by us differ materially and adversely from our estimates. To the extent there are material differences between our estimates and the actual results, our future results of operations will be affected. CASH AND CASH EQUIVALENTS The Company considers all highly liquid instruments with original maturities of three months or less when acquired, to be cash equivalents. We had no cash equivalents at March 31, 2017 or March 31, 2016. INCOME TAXES The Company accounts for income taxes under the provisions issued by the FASB which requires recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The Company computes tax asset benefits for net operating losses carried forward. The potential benefit of net operating losses has not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future years. LOSS PER COMMON SHARE The Company reports net loss per share in accordance with provisions of the FASB. The provisions require dual presentation of basic and diluted loss per share. Basic net loss per share excludes the impact of common stock equivalents. Diluted net loss per share utilizes the average market price per share when applying the treasury stock method in determining common stock equivalents. As of March 31, 2017 and March 31, 2016, there were no common stock equivalents outstanding. FAIR VALUE OF FINANCIAL INSTRUMENTS Pursuant to ASC No. 820, “Fair Value Measurements and Disclosures”, the Company is required to estimate the fair value of all financial instruments included on its balance sheet as of March 31, 2017. The Company’s financial instruments consist of cash. The Company considers the carrying value of such amounts in the financial statements to approximate their fair value due to the short-term nature of these financial instruments. RECENTLY ISSUED ACCOUNTING STANDARDS a) Recently Adopted Accounting Standards In June 2014, ASU guidance was issued to resolve the diversity of practice relating to the accounting for stock based performance awards that the performance target could be achieved after the employee completes the required service period. The update is effective prospectively or retrospectively for annual reporting periods beginning after December 15, 2015. The adoption of the pronouncement did not have a material effect on the Company’s consolidated financial statements. In June 2014, the FASB issued ASU No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. The amendments in this Update remove the definition of a RECENTLY ISSUED ACCOUNTING STANDARDS – Continued development stage entity from the Master Glossary of the Accounting Standards Codification, thereby removing the financial reporting distinction between development stage entities and other reporting entities. In addition, the amendments eliminate the requirements for development stage entities to (1) present inception-to-date information in the statements of income, cash flows, and shareholder equity, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. This ASU was effective for annual periods beginning after December 15, 2014. Early adoption is permitted. Accordingly, we have elected to adopt ASU No. 2014-10 on April 1, 2015. b) Recent Accounting Pronouncements In January 2015, an ASU was issued to simplify the income statement presentation requirements in Subtopic 225-20 by eliminating the concept of extraordinary items. Extraordinary items are events and transactions that are distinguished by their unusual nature and by the infrequency of their occurrence. Eliminating the extraordinary classification simplifies income statement presentation by altogether removing the concept of extraordinary items from consideration. This ASU is effective for annual periods beginning after December 15, 2015, including interim periods within those annual periods. An entity may apply this ASU prospectively or retrospectively to all prior periods presented in the financial statements. Early adoption is permitted. The Company does not expect the amendments in this ASU to have any impact on its financial statements. In November 2015, an ASU was issued to simplify the presentation of deferred income taxes. The amendments in this ASU require that deferred tax liabilities and assets be classified as non-current in a classified balance sheet as compared to the current requirements to separate deferred tax liabilities and assets into current and non-current amounts. This ASU is effective for annual periods beginning after December 15, 2016, including interim periods within those annual periods. Earlier application is permitted. This ASU may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. The Company is currently evaluating this guidance and the impact it will have on its financial statements. In February 2016, Topic 842, Leases was issued to replace the leases requirements in Topic 840, Leases. The main difference between previous GAAP and Topic 842 is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous GAAP. A lessee should recognize in the balance sheet a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. If a lessee makes this election, it should recognize lease expense for such leases generally on a straight-line basis over the lease term. The accounting applied by a lessor is largely unchanged from that applied under previous GAAP. Topic 842 will be effective for annual reporting periods beginning after December 15, 2018, including interim periods within those annual periods and is to be retrospectively applied. Earlier application is permitted. The Company is currently evaluating this guidance and the impact it will have on its financial statements. In March 2016, an ASU was issued to reduce complexity in the accounting for employee share-based payment transactions. One of the simplifications relates to forfeitures of awards. Under current GAAP, an entity estimates the number of awards for which the requisite service period is expected to be rendered and base the accruals of compensation cost on the estimated number of awards that will vest. This ASU permits an entity to make an entity-wide accounting policy election either to estimate the number of forfeitures expected to occur or to account for forfeitures in compensation cost when they occur. This ASU is effective for annual periods beginning after December 15, 2016, including interim periods within those annual periods. Earlier application is permitted. The Company is currently evaluating this guidance and the impact it will have on its financial statements .

Note 3 -income Taxes

Note 3 -income Taxes	12 Months Ended
	Mar. 31, 2017
Notes
Note 3 -income Taxes	NOTE 3 -INCOME TAXES Deferred income taxes arise from temporary differences resulting from income and expense items reported for financial accounting and tax purposes in different periods. Deferred taxes are classified as current or non-current, depending on the classification of assets and liabilities to which they relate. Deferred taxes arising from temporary differences that are not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse. The company does not have any uncertain tax positions. The Company currently has net operating loss carry forwards aggregating $82,012 (2016: $63,551), which expire through 2030. The deferred tax asset related to the carry forwards has been fully reserved. The Company has deferred income tax assets, which have been fully reserved, as follows as of March 31, 2017: Mar 31, 2017 Mar 31, 2016 Deferred tax assets $ 27,884 $ 21,607 Valuation allowance for deferred tax assets (27,884) $ (21,607) Net deferred tax assets $ - -

Note 4 - Fair Value Measurement

Note 4 - Fair Value Measurements	12 Months Ended
	Mar. 31, 2017
Notes
Note 4 - Fair Value Measurements	NOTE 4 – FAIR VALUE MEASUREMENTS The Company adopted ASC No. 820-10 (ASC 820-10), Fair Value Measurements. ASC 820-10 relates to financial assets and financial liabilities. ASC 820-10 defines fair value, establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (GAAP), and expands disclosures about fair value measurements. The provisions of this standard apply to other accounting pronouncements that require or permit fair value measurements and are to be applied prospectively with limited exceptions. ASC 820-10 defines fair value 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. This standard is now the single source in GAAP for the definition of fair value, except for the fair value of leased property as defined in SFAS 13. ASC 820-10 establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions, about market participant assumptions, that are developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy under ASC 820-10 are described below: • Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. • Level 2 Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. • Level 3 Inputs that are both significant to the fair value measurement and unobservable. These inputs rely on management's own assumptions about the assumptions that market participants would use in pricing the asset or liability. (The unobservable inputs are developed based on the best information available in the circumstances and include the Company's own data.) The following presents the Company's fair value hierarchy for those assets and liabilities measured at fair value on a non-recurring basis as of March 31, 2017 and March 31, 2016: Level 1: None Level 2: None Level 3: None Total Gain (Losses): None

Note 5 - Related Party Transact

Note 5 - Related Party Transactions	12 Months Ended
	Mar. 31, 2017
Notes
Note 5 - Related Party Transactions	NOTE 5 - RELATED PARTY TRANSACTIONS A director has advanced funds to us for our legal, audit, filing fees, general office administration and cash needs. As of March 31, 2017, the director has advanced a total of $14,923 (2016: $13,203). The advances are without specific terms of repayment. Imputed interest of $1,107 and $1,543 was charged to additional paid in capital during the year ended March 31, 2017 and March 31, 2016, respectively. A related entity has advanced funds to us for our legal, audit, filing fees, general office administration and cash needs. As of March 31, 2017, the related entity has advanced a total of $37,970 (2016: $21,500). The advances are without specific terms of repayment. Imputed interest of $2,386 and nil was charged to additional paid in capital during the three year ended March 31, 2017 and March 31, 2016, respectively.

Note 6 - Common Stock

Note 6 - Common Stock	12 Months Ended
	Mar. 31, 2017
Notes
Note 6 - Common Stock	NOTE 6 - COMMON STOCK On February 14, 2013, the Company issued 5,000,000 common shares to Myroslav Tsapaliuk, the founder of the Company. On December 12, 2013, the Company issued 650,000 common shares in a registered offering to subscribers for total proceeds of $26,001. As of March 31, 2017, the Company has 5,650,000 common shares issued and outstanding.

Note 7 - Subsequent Event

Note 7 - Subsequent Event	12 Months Ended
	Mar. 31, 2017
Notes
Note 7 - Subsequent Event	NOTE 7 – SUBSEQUENT EVENT The Company has evaluated subsequent events from the balance sheet date through the date the financial statements were issued and has determined that there are no events to disclose

Note 1 - Nature of Operations_

Note 1 - Nature of Operations: Description of Business and History (Policies)	12 Months Ended
	Mar. 31, 2017
Policies
Description of Business and History	DESCRIPTION OF BUSINESS AND HISTORY UA Granite Corporation (the “Company”) was incorporated on February 14, 2013 in the State of Nevada. The Company does not have any revenues and has incurred losses since inception. Currently, the Company has no operations, has been issued a going concern opinion, and relies upon the sale of our securities and loans from its sole officer and director to fund operations.

Note 1 - Nature of Operations14

Note 1 - Nature of Operations: Going Concern (Policies)	12 Months Ended
	Mar. 31, 2017
Policies
Going Concern	GOING CONCERN These financial statements have been prepared on a going concern basis, which implies the Company will continue to meet its obligations and continue its operations for the next fiscal year. Realization value may be substantially different from carrying values as shown and these financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. As of March 31, 2017 the Company has a working capital deficiency, has not generated revenues and has accumulated losses since inception. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern.

Note 2 - Summary of Significa15

Note 2 - Summary of Significant Accounting Policies: Basis of Presentation (Policies)	12 Months Ended
	Mar. 31, 2017
Policies
Basis of Presentation	BASIS OF PRESENTATION These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in U.S. dollars. The Company’s fiscal year-end is March 31.

Note 2 - Summary of Significa16

Note 2 - Summary of Significant Accounting Policies: Use of Estimates (Policies)	12 Months Ended
	Mar. 31, 2017
Policies
Use of Estimates	USE OF ESTIMATES The preparation of financial statements in accordance with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of net revenue and expenses in the reporting period. We regularly evaluate our estimates and assumptions related to the useful life and recoverability of long-lived assets, stock-based compensation and deferred income tax asset valuation allowances. We base our estimates and assumptions on current facts, historical experience and various other factors that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by us differ materially and adversely from our estimates. To the extent there are material differences between our estimates and the actual results, our future results of operations will be affected.

Note 2 - Summary of Significa17

Note 2 - Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)	12 Months Ended
	Mar. 31, 2017
Policies
Cash and Cash Equivalents	CASH AND CASH EQUIVALENTS The Company considers all highly liquid instruments with original maturities of three months or less when acquired, to be cash equivalents. We had no cash equivalents at March 31, 2017 or March 31, 2016.

Note 2 - Summary of Significa18

Note 2 - Summary of Significant Accounting Policies: Income Taxes (Policies)	12 Months Ended
	Mar. 31, 2017
Policies
Income Taxes	INCOME TAXES The Company accounts for income taxes under the provisions issued by the FASB which requires recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The Company computes tax asset benefits for net operating losses carried forward. The potential benefit of net operating losses has not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future years.

Note 2 - Summary of Significa19

Note 2 - Summary of Significant Accounting Policies: Loss Per Common Share (Policies)	12 Months Ended
	Mar. 31, 2017
Policies
Loss Per Common Share	LOSS PER COMMON SHARE The Company reports net loss per share in accordance with provisions of the FASB. The provisions require dual presentation of basic and diluted loss per share. Basic net loss per share excludes the impact of common stock equivalents. Diluted net loss per share utilizes the average market price per share when applying the treasury stock method in determining common stock equivalents. As of March 31, 2017 and March 31, 2016, there were no common stock equivalents outstanding.

Note 2 - Summary of Significa20

Note 2 - Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies)	12 Months Ended
	Mar. 31, 2017
Policies
Fair Value of Financial Instruments	FAIR VALUE OF FINANCIAL INSTRUMENTS Pursuant to ASC No. 820, “Fair Value Measurements and Disclosures”, the Company is required to estimate the fair value of all financial instruments included on its balance sheet as of March 31, 2017. The Company’s financial instruments consist of cash. The Company considers the carrying value of such amounts in the financial statements to approximate their fair value due to the short-term nature of these financial instruments.

Note 2 - Summary of Significa21

Note 2 - Summary of Significant Accounting Policies: Recently Issued Accounting Standards (Policies)	12 Months Ended
	Mar. 31, 2017
Policies
Recently Issued Accounting Standards	RECENTLY ISSUED ACCOUNTING STANDARDS a) Recently Adopted Accounting Standards In June 2014, ASU guidance was issued to resolve the diversity of practice relating to the accounting for stock based performance awards that the performance target could be achieved after the employee completes the required service period. The update is effective prospectively or retrospectively for annual reporting periods beginning after December 15, 2015. The adoption of the pronouncement did not have a material effect on the Company’s consolidated financial statements. In June 2014, the FASB issued ASU No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. The amendments in this Update remove the definition of a RECENTLY ISSUED ACCOUNTING STANDARDS – Continued development stage entity from the Master Glossary of the Accounting Standards Codification, thereby removing the financial reporting distinction between development stage entities and other reporting entities. In addition, the amendments eliminate the requirements for development stage entities to (1) present inception-to-date information in the statements of income, cash flows, and shareholder equity, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. This ASU was effective for annual periods beginning after December 15, 2014. Early adoption is permitted. Accordingly, we have elected to adopt ASU No. 2014-10 on April 1, 2015. b) Recent Accounting Pronouncements In January 2015, an ASU was issued to simplify the income statement presentation requirements in Subtopic 225-20 by eliminating the concept of extraordinary items. Extraordinary items are events and transactions that are distinguished by their unusual nature and by the infrequency of their occurrence. Eliminating the extraordinary classification simplifies income statement presentation by altogether removing the concept of extraordinary items from consideration. This ASU is effective for annual periods beginning after December 15, 2015, including interim periods within those annual periods. An entity may apply this ASU prospectively or retrospectively to all prior periods presented in the financial statements. Early adoption is permitted. The Company does not expect the amendments in this ASU to have any impact on its financial statements. In November 2015, an ASU was issued to simplify the presentation of deferred income taxes. The amendments in this ASU require that deferred tax liabilities and assets be classified as non-current in a classified balance sheet as compared to the current requirements to separate deferred tax liabilities and assets into current and non-current amounts. This ASU is effective for annual periods beginning after December 15, 2016, including interim periods within those annual periods. Earlier application is permitted. This ASU may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. The Company is currently evaluating this guidance and the impact it will have on its financial statements. In February 2016, Topic 842, Leases was issued to replace the leases requirements in Topic 840, Leases. The main difference between previous GAAP and Topic 842 is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous GAAP. A lessee should recognize in the balance sheet a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. If a lessee makes this election, it should recognize lease expense for such leases generally on a straight-line basis over the lease term. The accounting applied by a lessor is largely unchanged from that applied under previous GAAP. Topic 842 will be effective for annual reporting periods beginning after December 15, 2018, including interim periods within those annual periods and is to be retrospectively applied. Earlier application is permitted. The Company is currently evaluating this guidance and the impact it will have on its financial statements. In March 2016, an ASU was issued to reduce complexity in the accounting for employee share-based payment transactions. One of the simplifications relates to forfeitures of awards. Under current GAAP, an entity estimates the number of awards for which the requisite service period is expected to be rendered and base the accruals of compensation cost on the estimated number of awards that will vest. This ASU permits an entity to make an entity-wide accounting policy election either to estimate the number of forfeitures expected to occur or to account for forfeitures in compensation cost when they occur. This ASU is effective for annual periods beginning after December 15, 2016, including interim periods within those annual periods. Earlier application is permitted. The Company is currently evaluating this guidance and the impact it will have on its financial statements