Right On Brands (RTON) 10-Q 18 Nov 22 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Sep. 30, 2022	Nov. 18, 2022
Cover [Abstract]
Entity Registrant Name	Right On Brands, Inc.
Entity Central Index Key	0001580262
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Sep. 30, 2022
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Entity Common Stock Shares Outstanding		5,773,087,526
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-55704
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	45-1994478
Entity Address Address Line 1	6501 Dalrock Road
Entity Address Address Line 2	Suite 100
Entity Address City Or Town	Rowlett
Entity Address State Or Province	TX
Entity Address Postal Zip Code	75089
City Area Code	214
Local Phone Number	736-7252
Entity Interactive Data Current	Yes

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2022	Mar. 31, 2022
Current assets
Cash	$ 12,312	$ 28,056
Prepaid expenses	12,000	6,000
Inventory	156,241	114,944
Other current assets	3,221	3,221
Total current assets	183,774	152,221
Non-current assets
Property and equipment, net of depreciation	12,685	15,485
Right of use asset	54,334	66,425
Total non-current assets	67,019	81,910
Total assets	250,793	234,131
Current liabilities
Accounts payable	74,199	56,723
Accrued interest payable	22,361	32,883
Accrued expenses	86,992	93,189
Lease liability, current portion	23,661	23,937
Notes payable, net of discount	316,082	94,945
Convertible debt, net of discount	165,000	296,788
Derivative liability	0	159,106
Total current liabilities	688,295	757,571
Lease liability, non-current	30,673	42,488
Total liabilities	718,968	800,059
Stockholders' deficit
Series A Preferred stock; 10,000,000 shares authorized of $.001 par value; 5,000,000 shares issued, respectively	5,000	5,000
Common stock; par value $.001; 12,000,000,000 shares authorized, 5,773,087,526 and 5,924,801,561 shares issued, respectively	5,773,088	5,924,802
Additional paid-in capital	9,386,514	9,197,980
Common stock issuable	15,000	51,820
Accumulated deficit	(15,672,214)	(15,769,967)
Total Right On Brands stockholders' deficit	(492,612)	(590,365)
Noncontrolling interest	24,437	24,437
Total stockholders' deficit	(468,175)	(565,928)
Total liabilities and stockholders' deficit	$ 250,793	$ 234,131

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2022	Mar. 31, 2022
Stockholders' deficit
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares authorized	12,000,000,000	12,000,000,000
Common stock, shares issued	5,773,087,526	5,924,801,561
Series A Preferred Stock [Member]
Stockholders' deficit
Common stock, shares issued	5,000,000	5,000,000
Preferred stock, shares par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
Revenues	$ 241,111	$ 237,009	$ 549,465	$ 377,540
Cost of goods sold	138,785	187,505	266,116	213,851
Gross profit	102,326	49,504	283,349	163,689
Operating expenses
General and administrative	144,009	84,465	270,588	148,610
Advertising and promotion	1,164	12,035	7,279	17,504
Legal and professional	35,880	41,226	77,341	82,805
Depreciation and amortization	1,400	1,400	2,800	2,800
Total operating expenses	182,453	139,126	358,008	251,719
Loss from operations	(80,127)	(89,622)	(74,659)	(88,030)
Other income and (expense)
Interest expense	(3,407)	(10,706)	(5,875)	(21,298)
Amortization of debt discount	(8,264)	0	(9,754)	0
Change in fair value of derivative liability	0	122,372	51,994	147,543
Gain (loss) on settlement of liabilities	0	0	140,297	(138,140)
Financing costs	(4,250)	0	(4,250)	0
Total other income (expense)	(15,921)	111,666	172,412	(11,895)
Net income (loss) including noncontrolling interest	(96,048)	22,044	97,753	(99,925)
Net income (loss) attributable to noncontrolling interest	0	0	0	0
Net income (loss) attributable to Right on Brands, Inc.	$ (96,048)	$ 22,044	$ 97,753	$ (99,925)
Income (loss) per share - basic	$ 0	$ 0	$ 0	$ 0
Income (loss) per share - diluted	$ 0	$ 0	$ 0	$ 0
Weighted average shares outstanding - basic	5,861,294,524	5,986,083,801	5,892,935,728	5,776,974,559
Weighted average shares outstanding - diluted	5,861,294,524	6,316,374,066	5,927,519,061	5,776,974,559

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS DEFICIT (UNAUDITED) - USD ($)	Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid In Capital [Member]	Common Stock Issuable [Member]	Retained Earnings (Accumulated Deficit)	Noncontrolling Interest
Balance, shares at Mar. 31, 2021		5,000,000	5,474,978,826
Balance, amount at Mar. 31, 2021	$ (1,410,223)	$ 5,000	$ 5,474,979	$ 8,546,492	$ 51,820	$ (15,512,951)	$ 24,437
Settlement of accounts payable, shares			13,000,000
Settlement of accounts payable, amount	29,900	0	$ 13,000	16,900	0	0	0
Settlement of warrant dispute, shares			38,114,035
Settlement of warrant dispute, amount	80,000	0	$ 38,114	41,886	0	0	0
Settlement of debt dispute, shares			83,333,333
Settlement of debt dispute, amount	425,000	0	$ 83,333	341,667	0	0	0
Issuance of common stock for cash, shares			299,999,999
Issuance of common stock for cash, amount	64,000	0	$ 300,000	(236,000)	0	0	0
Net loss	(121,969)	$ 0	$ 0	0	0	(121,969)	0
Balance, shares at Jun. 30, 2021		5,000,000	5,909,426,193
Balance, amount at Jun. 30, 2021	(933,292)	$ 5,000	$ 5,909,426	8,710,945	51,820	(15,634,920)	24,437
Balance, shares at Mar. 31, 2021		5,000,000	5,474,978,826
Balance, amount at Mar. 31, 2021	(1,410,223)	$ 5,000	$ 5,474,979	8,546,492	51,820	(15,512,951)	24,437
Net loss	(99,925)
Balance, shares at Sep. 30, 2021		5,000,000	5,994,259,526
Balance, amount at Sep. 30, 2021	(883,248)	$ 5,000	$ 5,994,259	8,654,112	51,820	(15,612,876)	24,437
Balance, shares at Jun. 30, 2021		5,000,000	5,909,426,193
Balance, amount at Jun. 30, 2021	(933,292)	$ 5,000	$ 5,909,426	8,710,945	51,820	(15,634,920)	24,437
Issuance of common stock for cash, shares			83,333,333
Issuance of common stock for cash, amount	25,000	0	$ 83,333	(58,333)	0	0	0
Net loss	22,044	0	$ 0	0	0	22,044	0
Issuance of common stock for service, shares			1,500,000
Issuance of common stock for service, amount	3,000	$ 0	$ 1,500	1,500	0	0	0
Balance, shares at Sep. 30, 2021		5,000,000	5,994,259,526
Balance, amount at Sep. 30, 2021	(883,248)	$ 5,000	$ 5,994,259	8,654,112	51,820	(15,612,876)	24,437
Balance, shares at Mar. 31, 2022		5,000,000	5,924,801,561
Balance, amount at Mar. 31, 2022	(565,928)	$ 5,000	$ 5,924,802	9,197,980	51,820	(15,769,967)	24,437
Net loss	193,801	0	$ 0	0	0	193,801	0
Issuance of common stock payable, shares			1,400,000
Issuance of common stock payable, amount	0	$ 0	$ 1,400	35,420	(36,820)	0	0
Balance, shares at Jun. 30, 2022		5,000,000	5,926,201,561
Balance, amount at Jun. 30, 2022	(372,127)	$ 5,000	$ 5,926,202	9,233,400	15,000	(15,576,166)	24,437
Balance, shares at Mar. 31, 2022		5,000,000	5,924,801,561
Balance, amount at Mar. 31, 2022	(565,928)	$ 5,000	$ 5,924,802	9,197,980	51,820	(15,769,967)	24,437
Net loss	97,753
Balance, shares at Sep. 30, 2022		5,000,000	5,773,087,526
Balance, amount at Sep. 30, 2022	(468,175)	$ 5,000	$ 5,773,088	9,386,514	15,000	(15,672,214)	24,437
Balance, shares at Jun. 30, 2022		5,000,000	5,926,201,561
Balance, amount at Jun. 30, 2022	(372,127)	$ 5,000	$ 5,926,202	9,233,400	15,000	(15,576,166)	24,437
Net loss	(96,048)	0	$ 0	0	0	(96,048)	0
Rescission of shares, shares			(153,114,035)
Rescission of shares, amount	0	$ 0	$ (153,114)	153,114	0	0	0
Balance, shares at Sep. 30, 2022		5,000,000	5,773,087,526
Balance, amount at Sep. 30, 2022	$ (468,175)	$ 5,000	$ 5,773,088	$ 9,386,514	$ 15,000	$ (15,672,214)	$ 24,437

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
OPERATING ACTIVITIES
Net income (loss)	$ 97,753	$ (99,925)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	2,800	2,800
Financing costs	4,250	0
Shares issued for services	0	3,000
Amortization of debt discount	9,754	0
Change in fair value of derivative liability	(51,994)	(147,543)
(Gain) loss on settlement of liabilities	(140,297)	138,140
Changes in operating assets and liabilities:
Prepaid expenses	(6,000)	0
Inventory	(41,297)	(9,206)
Accounts payable	17,476	(31,760)
Accrued interest payable	5,875	21,298
Accrued expenses	(6,197)	4,550
NET CASH USED IN OPERATING ACTIVITIES	(107,877)	(118,646)
INVESTING ACTIVITIES
NET CASH USED IN INVESTING ACTIVITIES	0	0
FINANCING ACTIVITIES
Proceeds from advances payable	0	0
Proceeds from notes payable	202,101	0
Repayment of notes payable	(109,968)	0
Proceeds from issuance of common stock	0	89,000
NET CASH PROVIDED BY FINANCING ACTIVITIES	92,133	89,000
NET DECREASE IN CASH	(15,744)	(29,646)
CASH, BEGINNING OF PERIOD	28,056	45,780
CASH, END OF PERIOD	12,312	16,134
CASH PAID FOR INCOME TAXES	0	0
CASH PAID FOR INTEREST	0	0
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES
Issuance of shares for common stock issuable	36,820	0
Principal and interest settled	33,185	308,760
Original issuance discount on notes payable	$ 16,991	$ 0

ORGANIZATION AND NATURE OF BUSI

ORGANIZATION AND NATURE OF BUSINESS	6 Months Ended
	Sep. 30, 2022
ORGANIZATION AND NATURE OF BUSINESS
ORGANIZATION AND NATURE OF BUSINESS	NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS Formation and Business Activity Right on Brands, Inc. (“we” or “the Company” or “Right on Brands”) was incorporated under the laws of the State of Nevada on April 1, 2011, as HealthTalk Live, Inc. On August 10, 2017, the Company amended is articles of incorporation and changed its name to Right On Brands, Inc. On August 31, 2017 the Company common shares commenced trading under the new stock symbol RTON. The Company’s primary business is the sale of health and wellness products. The Company has the following wholly owned subsidiaries: · Endo Brands, Inc. · Humble Water Company The Company has the following majority owned subsidiaries: · Endo & Centre Venture LLC (51% owner) · Spring Hill Water Company, LLC (49% owner – see Note 7) The Company, through its subsidiaries Humble Water Company and Endo & Centre Venture LLC, had joint ventures with no activity. The Company has discontinued these joint ventures and Humble Water Company and Endo & Centre Venture LLC contain no assets, liabilities, or operations. On April 16, 2018, the Company entered into an operating agreement with Centre Manufacturing, Inc. ("Centre") and agreed to form an LLC. The LLC is owned 51% by the Company and 49% owned by Centre, but all income and losses will be split evenly. The owner of Centre is the former CEO of the Company. On June 19, 2018, the Company formed a majority owned subsidiary, Endo & Centre Venture LLC. No significant activity has occurred to date. At September 30, 2022 and March 31, 2022, the Company owed Centre $14,154, respectively, which is included in accounts payable on the accompanying condensed consolidated balance sheets. The Company continues to sell health and wellness products focused in the hemp marketplace through online and in-person retail sales.

GOING CONCERN

GOING CONCERN	6 Months Ended
	Sep. 30, 2022
GOING CONCERN
GOING CONCERN	NOTE 2 – GOING CONCERN The accompanying condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. For the period ended September 30, 2022, the Company had an accumulated deficit of approximately $15,672,000, had net income of approximately $98,000, and net cash used in operating activities of approximately $108,000, with approximately $549,000 revenue earned, and a lack of profitable operational history. These matters, among others, raise substantial doubt about the Company's ability to continue as a going concern. While the Company is attempting to generate greater revenues, the Company's cash position may not be significant enough to support the Company's daily operations. Management intends to raise additional funds by way of additional public and/or private offerings of its stock. Management believes that the actions presently being taken to further implement its business plan and generate revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company's ability to further implement its business plan and generate revenues. The condensed consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Sep. 30, 2022
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 – SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying condensed consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and the interim reporting rules of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s latest Annual Report filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments (unless otherwise indicated), necessary for a fair presentation of the financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Principles of Consolidation The condensed consolidated financial statements of the Company include the accounts of Right On Brands, Inc. and its wholly owned subsidiaries and majority owned business (Endo Brands, Inc., Humble Water Company, Springhill Water Co, and Endo & Centre Venture LLC). Intercompany accounts and transactions have been eliminated upon consolidation. Use of Estimates The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents For purposes of reporting cash flows, the Company has defined cash and cash equivalents as all cash in banks and highly liquid investments available for current use with an initial maturity of three months or less to be cash equivalents. The Company had no cash equivalents at September 30, 2022 or March 31, 2022. The Company maintains its cash balances at financial institutions that are insured by the Federal Deposit Insurance Corporation (“FDIC”). The FDIC provides coverage of up to $250,000 per depositor, per financial institution, for the aggregate total of depositors' interest and non-interest-bearing accounts. At September 30, 2022, none of the Company's cash balances were in excess of FDIC limits. The Company has not experienced any losses on these accounts and management does not believe that the Company is exposed to any significant risks. Accounts Receivable The Company performs periodic credit evaluations of its customers’ financial condition and extends credit to virtually all of its customers on an uncollateralized basis. Credit losses to date have been insignificant and within management’s expectations. The Company provides an allowance for doubtful accounts that is based upon a review of outstanding receivables, historical collection information, and existing economic conditions. Normal accounts receivable are due 30 to 45 days after the issuance of the invoice. Receivables past due more than 60 days are considered delinquent. Delinquent receivables are evaluated for collectability based on individual credit evaluation and specific circumstances of the customer. As of September 30, 2022, and March 31, 2022, the Company’s allowance for doubtful accounts was $0, respectively. The Company did not write off any accounts receivable against the allowance for doubtful accounts during the periods ended September 30, 2022 and 2021, respectively. Inventory Inventories are stated at the lower of cost (average cost) or market (net realizable value). Cost includes materials related to the purchase of finished goods to be sold to retail customers. We regularly review inventory quantities on hand, future purchase commitments with our suppliers, and the estimated utility of our inventory. If our review indicates a reduction in utility below carrying value, we reduce our inventory to a new cost basis through a charge to cost of revenue. Property and Equipment Property and equipment are stated at cost. Depreciation is provided by the straight-line method over the useful lives of the related assets, ranging from one to five years. The cost of building the Company's website has been capitalized and amortized over a period of three years. Expenditures for minor enhancements and maintenance are expensed as incurred. Recoverability of Long-Lived Assets The Company's long-lived assets and other assets (consisting of property and equipment) are reviewed for impairment in accordance with the guidance of the FASB Topic ASC 360, "Property, Plant, and Equipment," and FASB ASC Topic 205 "Presentation of Financial Statements". The Company tests for impairment losses on long-lived assets used in operations whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. Recoverability of an asset to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by the asset. If such asset is considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds its fair value. Impairment evaluations involve management's estimates on asset useful lives and future cash flows. Actual useful lives and cash flows could be different from those estimated by management which could have a material effect on our reporting results and financial positions. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary. Through September 30, 2022, and 2021, the Company had not experienced impairment losses on its long-lived assets. However, there can be no assurances that demand for the Company's products or services will continue, which could result in an impairment of long-lived assets in the future. Commitments and Contingencies Liabilities for loss contingencies arising from claims, assessments, litigation, fines, penalties and other sources are recorded when management assesses that it is probable that a liability has been incurred and the amount can be reasonable estimated. Share Based Compensation The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with FASB ASC 718. Costs are measured at the estimated fair value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration other than employee services is determined on the earliest of a performance commitment or completion of performance by the provider of goods or services as defined by FASB ASC 718. Income Taxes In accordance with FASB ASC Topic 740, "Income Taxes," the Company provides for the recognition of deferred tax assets if realization of such assets is more likely than not. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax basis of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense is the tax payable or refundable for the period plus or minus the change during the period in deferred tax assets and liabilities. In addition, the Company’s management performs an evaluation of all uncertain income tax positions taken or expected to be taken in the course of preparing the Company’s income tax returns to determine whether the income tax positions meet a “more likely than not” standard of being sustained under examination by the applicable taxing authorities. This evaluation is required to be performed for all open tax years, as defined by the various statutes of limitations, for federal and state purposes. If the Company has interest or penalties associated with insufficient taxes paid, such expenses are reported in income tax expense. Revenue Recognition We recognize revenue when our performance obligation is satisfied. Our primary performance obligation (the distribution and sales of hemp products) is satisfied upon the shipment or delivery of products to our customers, which is also when control is transferred. The transfer of control of products to our online customers is typically based on sales terms that do not allow for a right of return after 7 days from the date of purchase. The transfer of control of products to our in-store customers is typically based on sales terms that do not allow for a right of return. Our products are sold for cash with payments received at pickup or before shipping. Fair Value Measurement ASC Topic 820, “Fair Value Measurement”, requires that certain financial instruments be recognized at their fair values at our balance sheet dates. However, other financial instruments, such as debt obligations, are not required to be recognized at their fair values, but Generally Accepted Accounting Principles in the United States (“GAAP”) provides an option to elect fair value accounting for these instruments. GAAP requires the disclosure of the fair values of all financial instruments, regardless of whether they are recognized at their fair values or carrying amounts in our balance sheets. For financial instruments recognized at fair value, GAAP requires the disclosure of their fair values by type of instrument, along with other information, including changes in the fair values of certain financial instruments recognized in income or other comprehensive income. For financial instruments not recognized at fair value, the disclosure of their fair values is provided below under “Financial Instruments.” Nonfinancial assets, such as property, plant and equipment, and nonfinancial liabilities are recognized at their carrying amounts in the Company’s balance sheets. GAAP does not permit nonfinancial assets and liabilities to be remeasured at their fair values. However, GAAP requires the remeasurement of such assets and liabilities to their fair values upon the occurrence of certain events, such as the impairment of property, plant and equipment. In addition, if such an event occurs, GAAP requires the disclosure of the fair value of the asset or liability along with other information, including the gain or loss recognized in income in the period the remeasurement occurred. Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities; Level 2 - Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; or Level 3 - Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). The Company did not have any Level 1 or Level 2 assets and liabilities at September 30, 2022 or March 31, 2022. The Derivative liabilities are Level 3 fair value measurements. The following is a summary of activity of Level 3 liabilities during the six months ended September 30, 2022: Balance at March 31, 2022 $ 159,106 Settlement (107,112 ) Change in fair value (51,994 ) Balance at September 30, 2022 $ - The following is a summary of activity of Level 3 liabilities during the six months ended September 30, 2021: Balance at March 31, 2021 $ 472,471 Change in fair value (147,543 ) Balance at September 30, 2021 $ 324,928 During prior years, the Company entered into several convertible note agreements (Note 6). These notes are convertible at a fraction of the stock closing price near the conversion date. Additionally, the conversion price, as well as other terms including interest rates, adjust if any future financings have more favorable terms. The conversion features of these notes meet the definition of a derivative which therefore requires bifurcation and are accounted for as a derivative liability. At March 31, 2022, the Company estimated the fair value of the conversion feature derivatives embedded in the convertible promissory notes based on assumptions used in the Cox-Ross-Rubinstein binomial pricing model using the following inputs: the price of the Company’s common stock of $0.0007; a risk-free interest rate of 1.06%, and expected volatility of the Company’s common stock of 180%, various estimated exercise prices, and terms under one year. Financial Instruments The Company’s financial instruments include cash and cash equivalents, receivables, payables, and debt and are accounted for under the provisions of ASC Topic 825, “Financial Instruments”. The carrying amount of these financial instruments, with the exception of discounted debt, as reflected in the consolidated balance sheets approximates fair value. Convertible Instruments The Company evaluates and accounts for conversion options embedded in convertible instruments in accordance with ASC 815 "Derivatives and Hedging Activities". Applicable GAAP requires companies to bifurcate conversion options from their host instruments and account for them as free-standing derivative financial instruments according to certain criteria. The criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under other GAAP with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. The Company accounts for convertible instruments (when it has been determined that the embedded conversion options should not be bifurcated from their host instruments) as follows: The Company records when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt to their stated date of redemption. Proceeds from these convertible notes are reported under the financing section of the statements of cash flows. Changes to the fair value of the derivative liability are reported as adjustments to reconcile net loss to net cash used in operating activities in the accompanying statement of cash flows. Basic and Diluted Loss Per Share Basic net loss/income per common share is computed using the weighted average number of common shares outstanding. Diluted earnings per share (EPS) include additional dilution from common stock equivalents, such as stock issuable pursuant to the exercise of stock options, warrants and convertible notes. Common stock equivalents are not included in the computation of diluted earnings per share when the Company reports a loss because to do so would be anti-dilutive for periods presented. Recently Issued Accounting Standards During the period ended September 30, 2022, and subsequently, there were several new accounting pronouncements issued by the FASB. Each of these pronouncements, as applicable, has been or will be adopted by the Company. Management does not believe the adoption of any of these accounting pronouncements has had or will have a material impact on the Company’s consolidated financial statements. Subsequent Events The Company has evaluated all transactions through the date the consolidated financial statements were issued for subsequent event disclosure consideration.

INVENTORY

INVENTORY	6 Months Ended
	Sep. 30, 2022
INVENTORY
INVENTORY	NOTE 4 – INVENTORY At September 30, 2022 and March 31, 2022, inventory consisted of the following: September 30, 2022 March 31, 2022 Finished goods 156,241 114,944 $ 156,241 $ 114,944

PROPERTY AND EQUIPMENT AND INTA

PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS	6 Months Ended
	Sep. 30, 2022
PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS
PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS	NOTE 5 – PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS The Company’s property and equipment consisted of the following at the respective balance sheet dates: September 30, 2022 March 31, 2022 Website development $ 88,965 $ 88,965 Automobile 31,596 31,596 Studio and office equipment 11,910 11,910 Tenant improvements 11,135 11,135 Intangible assets 1,024 1,024 144,630 144,630 Accumulated depreciation and amortization (131,945 ) (129,145 ) $ 12,685 $ 15,485 Depreciation expense of property and equipment for the six months ended September 30, 2022 and 2021 was $2,800, respectively.

DEBT

DEBT	6 Months Ended
	Sep. 30, 2022
DEBT
DEBT	NOTE 6 – DEBT Notes Payable On November 22, 2019, the Company issued a $50,000 promissory note to a third-party lender for a $25,000 cash borrowing. Accordingly, a $25,000 discount was recorded at issuance, all of which was amortized by March 31, 2020. The non-interest-bearing note is secured by inventory, matured February 20, 2020, and remains in default at September 30, 2022. During December 2021, the Company was listed as defendant on a complaint from Noteholder 10 seeking repayment of amounts due under a February 2020 convertible note payable. The Company has recorded all unpaid principal and interest due to Noteholder 10 through March 31, 2022. On April 15, 2022, the Company and Noteholder 10 entered into a settlement agreement whereby the Company will repay Noteholder 10 a total of $115,000 consisting of $25,000 paid on April 18, 2022, $5,000 to be paid monthly from May 15, 2022 to October 15, 2022, $6,250 to be paid monthly from November 15, 2022 to April 15, 2023, and $7,500 to be paid monthly from May 15, 2023 to July 15, 2023. As a result of the settlement, the Company reclassified the note from convertible debt to notes payable and recorded a gain on settlement of liabilities totaling $140,297, including $107,112 from the elimination of the derivative liability associated with the note. On September 30, 2022, the balance of the note totaled $70,000. On January 31, 2022, the Company entered into a loan agreement totaling $73,450, consisting of cash proceeds totaling $65,000 and loan fees totaling $8,450. The note is to be repaid on an ongoing basis by deducting 19.75% of daily sales and applying against the loan balance. The note matures on July 1, 2023 but will be paid off during the year ending March 31, 2023, based on current daily sales. On July 21, 2022, the $6,999 balance of the note was rolled into the July 21, 2022 note below. On July 21, 2022, the Company entered into a note payable agreement totaling $89,581, consisting of cash proceeds totaling $72,101, repayment of the January 31, 2022 loan balance totaling $6,999, and loan fees totaling $10,481. The note is to be repaid on an ongoing basis by deducting 19.75% of daily sales and applying against the loan balance. The note matures on January 21, 2024,. On September 30, 2022, the balance of the note totaled $81,562. On August 4, 2022, the Company entered into a note payable agreement for $80,000 received as advances during the three months ended June 30, 2022. The note is to be repaid in $3,000 monthly installments beginning on September 10, 2022 with the remaining balance due at maturity on December 31, 2022. On September 30, 2022, the balance of the note totaled $75,286. On August 11, 2022, the Company entered into a 12% note payable agreement totaling $60,760, consisting of cash proceeds totaling $50,000, financing costs of $4,250, and an original discount totaling $6,510. The note requires monthly payments of $6,805 beginning on September 30, 2022 until maturity on August 11, 2023. On September 30, 2022, the balance of the note totaled $53,955. During the six months ended September 30, 2022, the Company incurred $911 in interest expenses related to notes payable. Convertible Debt At September 30, 2022, the Company's convertible debt and derivative liability related to the notes which can be converted at variable discounted rates are summarized as follows: Noteholder Origination Maturity Interest rate Fixed conversion rate Principal balance Debt discount Net amount of liabilities presented Corresponding derivative balance Noteholder 9 7/7/2016 9/30/2019 6.00% $0.10/Share $ 25,000 $ - $ 25,000 $ - Noteholder 13 2/16/2021 8/16/2021 6.00% $0.015/Share 140,000 - 140,000 - $ 165,000 $ - $ 165,000 $ - At March 31, 2022, the Company's convertible debt and derivative liability related to the notes which can be converted at variable discounted rates are summarized as follows: Noteholder Origination Maturity Interest rate Variable conversion discount Principal balance Debt discount Net amount of liabilities presented Corresponding derivative balance Noteholder 10 2/27/2020 2/26/2021 10.00% 40.00% $ 131,788 - $ 131,788 $ 159,045 $ 131,788 $ - $ 131,788 $ 159,045 Noteholder Origination Maturity Interest rate Fixed conversion rate Principal balance Debt discount Net amount of liabilities presented Corresponding derivative balance Noteholder 9 7/7/2016 9/30/2019 6.00% $0.10/Share $ 25,000 $ - $ 25,000 $ - Noteholder 13 2/16/2021 8/16/2021 6.00% $0.015/Share 140,000 - 140,000 61 $ 165,000 $ - $ 165,000 $ 61 During the six months ended September 30, 2022, the Company incurred interest expenses related to convertible debt totaling $4,964. The convertible debt held by noteholders 9 and 13 are in default at September 30, 2022. Future Maturities The Company’s future maturities of notes payable and convertible debt are as follows: Year ending March 31, Amount 2023 $ 471,499 2024 24,304 $ 495,803 Amortization of Debt Discount During the six months ended September 30, 2022 and 2021, the Company recorded amortization of debt discounts totaling $9,754 and $-0-, respectively.

NONCONTROLLING INTEREST

NONCONTROLLING INTEREST	6 Months Ended
	Sep. 30, 2022
NONCONTROLLING INTEREST
NONCONTROLLING INTEREST	NOTE 7 – NONCONTROLLING INTEREST Investments in partnerships, joint ventures and less-than-majority-owned subsidiaries in which we have significant influence are accounted for under the equity method. As of March 31, 2018, the Company's consolidated financial statements includes a venture for the development of a commercial bottled water operation near Browning, Montana. The new venture will be operated through Spring Hill Water Company, LLC, a Nevada limited liability company ("Spring Hill"). Spring Hill is 49% owned by our newly-formed subsidiary corporation, Humble Water Company, and 51% owned by Doore, LLC. Doore, LLC, which serves as the manager of Spring Hill, has contributed the land and water source to be used in the new operation through a Land & Water Lease Agreement under which Spring Hill will have the use of 2 acres of land and no less than 5 acre-feet of water for an initial term of 25 years and at a lease rate of $1 per year. Through Humble Water Company, our initial capital contribution to Spring Hill was approximately $100,000 to be used in commencing operations. In addition, we have committed to provide additional capital to be used for a bottling facility and equipment, in an amount up to $530,000, within the next 2 years. Should we fail to provide this additional capital within the next 2 years, our ownership percentage in Spring Hill will be reduced from 49% to 20%. Although we hold a minority ownership percentage in Spring Hill, we will have voting control over the company with 75% of the voting membership units. Further, 100% of the losses, expenditures, and deductions from Spring Hill will be allocated to our subsidiary, Humble Water Company. The activity of Spring Hill is accounted for under the voting interest method, and we consolidate 100% of the business activity and record 25% of noncontrolling interest on the balance sheet and 0% of the net losses based on the terms of the agreement. As of September 30, 2022 and March 31, 2022, the noncontrolling interest was $24,437 in the accompanying consolidated financial statements. As of September 30, 2022 and March 31, 2022, our total investment into Spring Hill to date was $101,470. During the six months ended September 30, 2022 and 2021, there have been no significant operations or expenditures in the joint venture.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Sep. 30, 2022
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 8 – EARNINGS PER SHARE FASB ASC Topic 260, “Earnings Per Share,” requires a reconciliation of the numerator and denominator of the basic and diluted earnings (loss) per share (EPS) computations. Basic earnings (loss) per share are computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. The Company had no potential additional dilutive securities outstanding at September 30, 2022 or March 31, 2022, except as follows: September 30, 2022 March 31, 2022 Preferred stock 25,000,000 25,000,000 Convertible debt 9,583,333 339,053,333 Total 34,583,333 364,053,333

STOCKHOLDERS EQUITY

STOCKHOLDERS EQUITY	6 Months Ended
	Sep. 30, 2022
STOCKHOLDERS EQUITY
STOCKHOLDERS' EQUITY	NOTE 9 – STOCKHOLDERS’ EQUITY Series A Preferred Stock The Series A Preferred Stock is convertible to common stock at a rate of five shares for every share held and the holder(s) have the right to cast a total of fifty-percent (50%) plus one votes on all matters submitted to a vote of holder of the Company’s common stock. Our Series A Preferred Stock ranks equally, on an as-converted basis, to our common stock with respect to rights upon winding up, dissolution, or liquidation. On June 6, 2019 the Board of Directors agreed to amend the certificate of designation for the Series A Preferred stock to have the right to cast a total of fifty-percent (50%) plus one votes on all matters submitted to a vote of holder of the Company’s common stock, including the election of directors, and all other matters as required by law. There is no right to cumulative voting in the election of directors. The holders of Series A Preferred Stock shall vote together with all other classes and series of common stock of the Company as a single class on all actions to be taken by the common stock holders of the Company except to the extent that voting as a separate class or series is required by law. Our Series A Preferred Stock does not have any special dividend rights. Common Stock During December 2017, the Company entered into a three-year consulting agreement with Dr. Ashock Patel, the Company’s former CEO, to serve as Director of Product Development. Consideration for services under the agreement provided for the issuance of 700,000 shares of common stock of the Company at the time of execution of the agreement, and the following two anniversaries of the agreement. Since the shares were yet to be issued at March 31, 2022, they were reported in common stock payable in the accompanying consolidated statement of stockholders’ deficit. During June 2022, the Company issued 1,400,000 shares of common stock to settle the common stock payable to Dr. Patel. During August 2022, Crown Bridge Partners LLC (“CBP”), one of the Company’s former lenders, settled charges with the Securities and Exchange Commission (“SEC”) for failing to register with the SEC as a securities dealer. As part of the agreement, CBP agreed to surrender any shares it held which were acquired through its convertible notes and related activities. As a result, on August 22, 2022, 153,114,035 shares of the Company’s common stock were returned and cancelled.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Sep. 30, 2022
Commitments and contingencies (Note 10)
COMMITMENTS AND CONTINGENCIES	NOTE 10 – COMMITMENTS AND CONTINGENCIES On March 17, 2021, the Company entered into a storefront lease agreement in Rowlett, Texas. At the inception of the lease, the Company recorded a right of use asset and lease liability of $93,000, respectively. The Company records rent on straight-line basis over the terms of the underlying lease. Minimum lease payments under the lease are as follows: Year Ending March 31, Amount 2023 $ 13,008 2024 26,659 2025 25,025 Total remaining lease payments $ 64,692 Less: imputed interest (10,358 ) Present Value of remaining lease payments $ 54,334 Current $ 23,661 Noncurrent $ 30,673 Remaining lease term (years) 2.42 Discount rate 5.00 %

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Sep. 30, 2022
SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	The accompanying condensed consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and the interim reporting rules of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s latest Annual Report filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments (unless otherwise indicated), necessary for a fair presentation of the financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year.
Principles of Consolidation	The condensed consolidated financial statements of the Company include the accounts of Right On Brands, Inc. and its wholly owned subsidiaries and majority owned business (Endo Brands, Inc., Humble Water Company, Springhill Water Co, and Endo & Centre Venture LLC). Intercompany accounts and transactions have been eliminated upon consolidation.
Use of Estimates	The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	For purposes of reporting cash flows, the Company has defined cash and cash equivalents as all cash in banks and highly liquid investments available for current use with an initial maturity of three months or less to be cash equivalents. The Company had no cash equivalents at September 30, 2022 or March 31, 2022. The Company maintains its cash balances at financial institutions that are insured by the Federal Deposit Insurance Corporation (“FDIC”). The FDIC provides coverage of up to $250,000 per depositor, per financial institution, for the aggregate total of depositors' interest and non-interest-bearing accounts. At September 30, 2022, none of the Company's cash balances were in excess of FDIC limits. The Company has not experienced any losses on these accounts and management does not believe that the Company is exposed to any significant risks.
Accounts Receivable	The Company performs periodic credit evaluations of its customers’ financial condition and extends credit to virtually all of its customers on an uncollateralized basis. Credit losses to date have been insignificant and within management’s expectations. The Company provides an allowance for doubtful accounts that is based upon a review of outstanding receivables, historical collection information, and existing economic conditions. Normal accounts receivable are due 30 to 45 days after the issuance of the invoice. Receivables past due more than 60 days are considered delinquent. Delinquent receivables are evaluated for collectability based on individual credit evaluation and specific circumstances of the customer. As of September 30, 2022, and March 31, 2022, the Company’s allowance for doubtful accounts was $0, respectively. The Company did not write off any accounts receivable against the allowance for doubtful accounts during the periods ended September 30, 2022 and 2021, respectively.
Inventory	Inventories are stated at the lower of cost (average cost) or market (net realizable value). Cost includes materials related to the purchase of finished goods to be sold to retail customers. We regularly review inventory quantities on hand, future purchase commitments with our suppliers, and the estimated utility of our inventory. If our review indicates a reduction in utility below carrying value, we reduce our inventory to a new cost basis through a charge to cost of revenue.
Property and Equipment	Property and equipment are stated at cost. Depreciation is provided by the straight-line method over the useful lives of the related assets, ranging from one to five years. The cost of building the Company's website has been capitalized and amortized over a period of three years. Expenditures for minor enhancements and maintenance are expensed as incurred.
Recoverability of Long-Lived Assets	The Company's long-lived assets and other assets (consisting of property and equipment) are reviewed for impairment in accordance with the guidance of the FASB Topic ASC 360, "Property, Plant, and Equipment," and FASB ASC Topic 205 "Presentation of Financial Statements". The Company tests for impairment losses on long-lived assets used in operations whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. Recoverability of an asset to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by the asset. If such asset is considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds its fair value. Impairment evaluations involve management's estimates on asset useful lives and future cash flows. Actual useful lives and cash flows could be different from those estimated by management which could have a material effect on our reporting results and financial positions. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary. Through September 30, 2022, and 2021, the Company had not experienced impairment losses on its long-lived assets. However, there can be no assurances that demand for the Company's products or services will continue, which could result in an impairment of long-lived assets in the future.
Commitments and Contingencies	Liabilities for loss contingencies arising from claims, assessments, litigation, fines, penalties and other sources are recorded when management assesses that it is probable that a liability has been incurred and the amount can be reasonable estimated.
Stock Based Compensation	The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with FASB ASC 718. Costs are measured at the estimated fair value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration other than employee services is determined on the earliest of a performance commitment or completion of performance by the provider of goods or services as defined by FASB ASC 718.
Income Taxes	In accordance with FASB ASC Topic 740, "Income Taxes," the Company provides for the recognition of deferred tax assets if realization of such assets is more likely than not. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax basis of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense is the tax payable or refundable for the period plus or minus the change during the period in deferred tax assets and liabilities. In addition, the Company’s management performs an evaluation of all uncertain income tax positions taken or expected to be taken in the course of preparing the Company’s income tax returns to determine whether the income tax positions meet a “more likely than not” standard of being sustained under examination by the applicable taxing authorities. This evaluation is required to be performed for all open tax years, as defined by the various statutes of limitations, for federal and state purposes. If the Company has interest or penalties associated with insufficient taxes paid, such expenses are reported in income tax expense.
Revenue Recognition	We recognize revenue when our performance obligation is satisfied. Our primary performance obligation (the distribution and sales of hemp products) is satisfied upon the shipment or delivery of products to our customers, which is also when control is transferred. The transfer of control of products to our online customers is typically based on sales terms that do not allow for a right of return after 7 days from the date of purchase. The transfer of control of products to our in-store customers is typically based on sales terms that do not allow for a right of return. Our products are sold for cash with payments received at pickup or before shipping.
Fair Value Measurement	ASC Topic 820, “Fair Value Measurement”, requires that certain financial instruments be recognized at their fair values at our balance sheet dates. However, other financial instruments, such as debt obligations, are not required to be recognized at their fair values, but Generally Accepted Accounting Principles in the United States (“GAAP”) provides an option to elect fair value accounting for these instruments. GAAP requires the disclosure of the fair values of all financial instruments, regardless of whether they are recognized at their fair values or carrying amounts in our balance sheets. For financial instruments recognized at fair value, GAAP requires the disclosure of their fair values by type of instrument, along with other information, including changes in the fair values of certain financial instruments recognized in income or other comprehensive income. For financial instruments not recognized at fair value, the disclosure of their fair values is provided below under “Financial Instruments.” Nonfinancial assets, such as property, plant and equipment, and nonfinancial liabilities are recognized at their carrying amounts in the Company’s balance sheets. GAAP does not permit nonfinancial assets and liabilities to be remeasured at their fair values. However, GAAP requires the remeasurement of such assets and liabilities to their fair values upon the occurrence of certain events, such as the impairment of property, plant and equipment. In addition, if such an event occurs, GAAP requires the disclosure of the fair value of the asset or liability along with other information, including the gain or loss recognized in income in the period the remeasurement occurred. Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities; Level 2 - Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; or Level 3 - Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). The Company did not have any Level 1 or Level 2 assets and liabilities at September 30, 2022 or March 31, 2022. The Derivative liabilities are Level 3 fair value measurements. The following is a summary of activity of Level 3 liabilities during the six months ended September 30, 2022: Balance at March 31, 2022 $ 159,106 Settlement (107,112 ) Change in fair value (51,994 ) Balance at September 30, 2022 $ - The following is a summary of activity of Level 3 liabilities during the six months ended September 30, 2021: Balance at March 31, 2021 $ 472,471 Change in fair value (147,543 ) Balance at September 30, 2021 $ 324,928 During prior years, the Company entered into several convertible note agreements (Note 6). These notes are convertible at a fraction of the stock closing price near the conversion date. Additionally, the conversion price, as well as other terms including interest rates, adjust if any future financings have more favorable terms. The conversion features of these notes meet the definition of a derivative which therefore requires bifurcation and are accounted for as a derivative liability. At March 31, 2022, the Company estimated the fair value of the conversion feature derivatives embedded in the convertible promissory notes based on assumptions used in the Cox-Ross-Rubinstein binomial pricing model using the following inputs: the price of the Company’s common stock of $0.0007; a risk-free interest rate of 1.06%, and expected volatility of the Company’s common stock of 180%, various estimated exercise prices, and terms under one year.
Financial Instruments	The Company’s financial instruments include cash and cash equivalents, receivables, payables, and debt and are accounted for under the provisions of ASC Topic 825, “Financial Instruments”. The carrying amount of these financial instruments, with the exception of discounted debt, as reflected in the consolidated balance sheets approximates fair value.
Convertible Instruments	The Company evaluates and accounts for conversion options embedded in convertible instruments in accordance with ASC 815 "Derivatives and Hedging Activities". Applicable GAAP requires companies to bifurcate conversion options from their host instruments and account for them as free-standing derivative financial instruments according to certain criteria. The criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under other GAAP with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. The Company accounts for convertible instruments (when it has been determined that the embedded conversion options should not be bifurcated from their host instruments) as follows: The Company records when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt to their stated date of redemption. Proceeds from these convertible notes are reported under the financing section of the statements of cash flows. Changes to the fair value of the derivative liability are reported as adjustments to reconcile net loss to net cash used in operating activities in the accompanying statement of cash flows.
Basic and Diluted Loss Per Share	Basic net loss/income per common share is computed using the weighted average number of common shares outstanding. Diluted earnings per share (EPS) include additional dilution from common stock equivalents, such as stock issuable pursuant to the exercise of stock options, warrants and convertible notes. Common stock equivalents are not included in the computation of diluted earnings per share when the Company reports a loss because to do so would be anti-dilutive for periods presented.
Recently Issued Accounting Standards	During the period ended September 30, 2022, and subsequently, there were several new accounting pronouncements issued by the FASB. Each of these pronouncements, as applicable, has been or will be adopted by the Company. Management does not believe the adoption of any of these accounting pronouncements has had or will have a material impact on the Company’s consolidated financial statements.
Subsequent Events	The Company has evaluated all transactions through the date the consolidated financial statements were issued for subsequent event disclosure consideration.

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Sep. 30, 2022
SIGNIFICANT ACCOUNTING POLICIES
Summary of activity of derivative liabilities	Balance at March 31, 2022 $ 159,106 Settlement (107,112 ) Change in fair value (51,994 ) Balance at September 30, 2022 $ - Balance at March 31, 2021 $ 472,471 Change in fair value (147,543 ) Balance at September 30, 2021 $ 324,928

INVENTORY (Tables)

INVENTORY (Tables)	6 Months Ended
	Sep. 30, 2022
INVENTORY
Schedule of Inventory	September 30, 2022 March 31, 2022 Finished goods 156,241 114,944 $ 156,241 $ 114,944

PROPERTY AND EQUIPMENT AND IN_2

PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS (Tables)	6 Months Ended
	Sep. 30, 2022
PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS
Schedule of property And Equipment	September 30, 2022 March 31, 2022 Website development $ 88,965 $ 88,965 Automobile 31,596 31,596 Studio and office equipment 11,910 11,910 Tenant improvements 11,135 11,135 Intangible assets 1,024 1,024 144,630 144,630 Accumulated depreciation and amortization (131,945 ) (129,145 ) $ 12,685 $ 15,485

DEBT (Tables)

DEBT (Tables)	6 Months Ended
	Sep. 30, 2022
DEBT
Shedule of convertible debt and derivative liability, June 30, 2022	Noteholder Origination Maturity Interest rate Fixed conversion rate Principal balance Debt discount Net amount of liabilities presented Corresponding derivative balance Noteholder 9 7/7/2016 9/30/2019 6.00% $0.10/Share $ 25,000 $ - $ 25,000 $ - Noteholder 13 2/16/2021 8/16/2021 6.00% $0.015/Share 140,000 - 140,000 - $ 165,000 $ - $ 165,000 $ - Noteholder Origination Maturity Interest rate Variable conversion discount Principal balance Debt discount Net amount of liabilities presented Corresponding derivative balance Noteholder 10 2/27/2020 2/26/2021 10.00% 40.00% $ 131,788 - $ 131,788 $ 159,045 $ 131,788 $ - $ 131,788 $ 159,045 Noteholder Origination Maturity Interest rate Fixed conversion rate Principal balance Debt discount Net amount of liabilities presented Corresponding derivative balance Noteholder 9 7/7/2016 9/30/2019 6.00% $0.10/Share $ 25,000 $ - $ 25,000 $ - Noteholder 13 2/16/2021 8/16/2021 6.00% $0.015/Share 140,000 - 140,000 61 $ 165,000 $ - $ 165,000 $ 61
Schedule of debt future maturities	Year ending March 31, Amount 2023 $ 471,499 2024 24,304 $ 495,803

EARNING PER SHARE (Tables)

EARNING PER SHARE (Tables)	6 Months Ended
	Sep. 30, 2022
EARNINGS PER SHARE
Summary of dilutive securities	September 30, 2022 March 31, 2022 Preferred stock 25,000,000 25,000,000 Convertible debt 9,583,333 339,053,333 Total 34,583,333 364,053,333

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Sep. 30, 2022
Commitments and contingencies (Note 10)
Summary of Minimum lease payments	Year Ending March 31, Amount 2023 $ 13,008 2024 26,659 2025 25,025 Total remaining lease payments $ 64,692 Less: imputed interest (10,358 ) Present Value of remaining lease payments $ 54,334 Current $ 23,661 Noncurrent $ 30,673 Remaining lease term (years) 2.42 Discount rate 5.00 %

ORGANIZATION AND NATURE OF BU_2

ORGANIZATION AND NATURE OF BUSINESS (Details Narrative) - USD ($)	Sep. 30, 2022	Mar. 31, 2022
Endo & Centre Venture LLC [Member]
Ownership percentage	51%
Owed	$ 14,154	$ 14,154
Spring Hill Water Company, LLC [Member]
Ownership percentage	49%

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative)	6 Months Ended
	Sep. 30, 2022 USD ($)
GOING CONCERN
Accumulated deficit	$ 15,672,000
Net income	98,000
Net cash used in operating activities	108,000
Revenue	$ 549,000

SIGNIFICANT ACCOUNTING POLICI_4

SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
SIGNIFICANT ACCOUNTING POLICIES
Balance at March 31, 2021	$ 159,106	$ 472,471
Settlement	(107,112)
Change in fair value	(51,994)	(147,543)
Balance at September 30, 2022	$ 0	$ 324,928

SIGNIFICANT ACCOUNTING POLICI_5

SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	Sep. 30, 2022	Mar. 31, 2022
Accounts receivables, average collection period, description	Normal accounts receivable are due 30 to 45 days after the issuance of the invoice. Receivables past due more than 60 days are considered delinquent.
Allowance for doubtful accounts	$ 0	$ 0
Cash, FDIC Insured Amount	$ 250,000
Derivative liability of convertible notes [Member]
Expected volatility rate		180%
Risk free interest rate		1.06%
Expected term		1 year
Common stock price per share		$ 0.0007
Minimum [Member]
Useful lives	one
Maximum [Member]
Useful lives	five years

INVENTORY (Details)

INVENTORY (Details) - USD ($)	Sep. 30, 2022	Mar. 31, 2022
INVENTORY
Finished Goods	$ 156,241	$ 114,944
Total Inventory	$ 156,241	$ 114,944

PROPERTY AND EQUIPMENT AND IN_3

PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS (Details) - USD ($)	Sep. 30, 2022	Mar. 31, 2022
Accumulated depreciation and amortization	$ (131,945)	$ (129,145)
Property and equipment, net	12,685	15,485
Website development [Member]
Property and equipment, gross	88,965	88,965
Automobile [Member]
Property and equipment, gross	31,596	31,596
Studio and office equipment [Member]
Property and equipment, gross	11,910	11,910
Tenant Improvements [Member]
Property and equipment, gross	11,135	11,135
Intangible assets [Member]
Property and equipment, gross	1,024	1,024
Other Property [Member]
Property and equipment, gross	$ 144,630	$ 144,630

DEBT (Details)

DEBT (Details) - USD ($)	6 Months Ended	12 Months Ended
	Sep. 30, 2022	Mar. 31, 2022
Note amounts	$ 165,000	$ 131,788
Note amount		165,000
Corresponding Derivative Balances		159,045
Corresponding Derivative Balance	0	61
Net amounts of liabilities presented	165,000	131,788
Net amounts of liabilities presented		165,000
Debt discount	0	0
Noteholder 13 [Member]
Note amounts	140,000	140,000
Net amounts of liabilities presented	140,000	140,000
Debt discount	0	0
Corresponding Derivative Balance	$ 0	$ 61
Originations date	Feb. 16, 2021	Feb. 16, 2021
Date due	Aug. 16, 2021	Aug. 16, 2021
Interest rate	6%	6%
Fixed conversion rate	$ 0.015	$ 0.015
Noteholder 9 [Member]
Note amounts	$ 25,000	$ 25,000
Net amounts of liabilities presented	25,000	25,000
Debt discount	0	0
Corresponding Derivative Balance	$ 0	$ 0
Originations date	Jul. 07, 2016	Jul. 07, 2016
Date due	Sep. 30, 2019	Sep. 30, 2019
Interest rate	6%	6%
Fixed conversion rate	$ 0.10	$ 0.10
Noteholder 10 [Member]
Note amounts		$ 131,788
Net amounts of liabilities presented		131,788
Debt discount		0
Corresponding Derivative Balance		$ 159,045
Date due		Feb. 26, 2021
Interest rate		10%
Origination date		Feb. 27, 2020
Conversion Discount		40%

DEBT (Details 1)

DEBT (Details 1)	Jun. 30, 2022 USD ($)
Long-term debt, Total	$ 495,803
2024 [Member]
Future Maturities	24,304
2023 [Member]
Future Maturities	$ 471,499

DEBT (Details Narrative)

DEBT (Details Narrative) - USD ($)

1 Months Ended

2 Months Ended

5 Months Ended

6 Months Ended

Aug. 11, 2022

Aug. 04, 2022

Sep. 30, 2022

Jul. 21, 2022

Jan. 31, 2022

Nov. 22, 2019

Jul. 15, 2023

Apr. 15, 2023

Sep. 30, 2022

Sep. 30, 2021

Apr. 18, 2022

Apr. 15, 2022

Gain on settlement of liabilities

$ 140,297

$ 140,297

Derivative liability

107,112

107,112

Amortization of Debt Issuance Costs and Discounts

9,754

$ 0

Interest expenses related to Notes Payable

911

Notes Payable Balance

70,000

$ 6,999

202,101

0

Repayment Of Notes Payable

109,968

$ 0

Agreement 21 July [Member]

Notes Payable Balance

$ 81,562

Percentage of daily sales

19.75%

Maturity date

Jan. 21, 2024

Loan Fees

$ 10,481

Proceeds from loan agreement

72,101

Loan agreement, amount

$ 89,581

Agreement 31 Jan [Member]

Percentage of daily sales

19.75%

Maturity date

Jul. 01, 2023

Loan agreement, amount

$ 73,450

Loan Fees

8,450

Proceeds from loan agreement

$ 65,000

Agreement 4 August [Member]

Notes Payable Balance

$ 75,286

Maturity date

Dec. 31, 2022

Loan agreement, amount

80,000

Repayment Of Notes Payable

$ 3,000

Agreement 11 August [Member]

Notes Payable Balance

$ 53,955

Proceeds from loan agreement

$ 50,000

Loan agreement, amount

$ 60,760

Percentage Of Note Payable

12%

Financing Cost

$ 4,250

Discount Totalling

6,510

Monthly Payment

$ 6,805

Individual [Member] | Promissory note [Member]

Proceeds from issuance of debt

$ 25,000

Promissory note issued

50,000

Discount on issuance of promissory note

$ 25,000

Debt due date

February 2020

Noteholder 10 [Member]

Payment of noteholder

$ 25,000

$ 115,000

Monthly payment

$ 7,500

$ 6,250

Noteholder 8 [Member] | Convertible debt, Amendment agreement [Member]

Interest expenses related to Notes Payable

$ 4,964

NONCONTROLLING INTEREST (Detail

NONCONTROLLING INTEREST (Details Narrative) - USD ($)	12 Months Ended
	Mar. 31, 2018	Sep. 30, 2022	Mar. 31, 2022
Investments		$ 101,470	$ 101,470
Noncontrolling interest		$ 24,437	$ 24,437
Spring Hill Water Company [Member]
Ownership percentage reduction description	Should we fail to provide this additional capital within the next 2 years, our ownership percentage in Spring Hill will be reduced from 49% to 20%
Ownership percentage	49%
Voting membership units, percentage	75%
Lease agreement description	Spring Hill will have the use of 2 acres of land and no less than 5 acre-feet of water for an initial term of 25 years and at a lease rate of $1 per year
Capital contribution	$ 100,000
Losses,expenditures, and deductions Percentage	100%
Noncontrolling interest percentage	25%
Net losses percentage	0%
Doore, LLC [Member]
Ownership percentage	51%
Bottling Facility And Equipment [Member]
Commitment to additional capital	$ 530,000
Commitment to additional capital term	2 years

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($)	6 Months Ended	12 Months Ended
	Sep. 30, 2022	Mar. 31, 2022
Total Stock And Debt	$ 34,583,333	$ 364,053,333
Convertible Debt [Member]
Potentially dilutive securities	9,583,333	339,053,333
Preferred Stocks [Member]
Potentially dilutive securities	25,000,000	25,000,000

STOCKHOLDERS EQUITY (Details Na

STOCKHOLDERS EQUITY (Details Narrative) - shares	1 Months Ended	6 Months Ended	12 Months Ended
	Aug. 22, 2022	Sep. 30, 2022	Dec. 31, 2017
Common Stock Returned And Cancelled	153,114,035
Ashok Patel [Member]
Stock issued for services		1,400,000	700,000

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	6 Months Ended
	Sep. 30, 2022	Mar. 31, 2022
Years Ending March 31,
2023	$ 13,008
2024	26,659
2025	25,025
Total remaining lease payments	64,692
Less: imputed interest	(10,358)
Present Value of remaining lease payments	54,334
Current	23,661	$ 23,937
Non current	$ 30,673	$ 42,488
Remaining lease term (years)	2 years 5 months 1 day
Discount rate	5%

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES (Details Narrative)	Mar. 17, 2021 USD ($)
Commitments and contingencies (Note 10)
Right of use asset	$ 93,000