Sharing Services Global (SHRG) 10-Q 11 Feb 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Dec. 31, 2021	Feb. 09, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--03-31
Entity File Number	000-55997
Entity Registrant Name	SHARING SERVICES GLOBAL CORPORATION
Entity Central Index Key	0001644488
Entity Tax Identification Number	30-0869786
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	1700 Coit Road
Entity Address, Address Line Two	Suite 290
Entity Address, City or Town	Plano
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75075
City Area Code	(469)
Local Phone Number	304-9400
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		238,923,969

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Dec. 31, 2021	Mar. 31, 2021
Current Assets
Cash and cash equivalents	$ 19,780,531	$ 12,144,409
Trade accounts receivable, net	1,615,498	1,514,359
Income taxes receivable	306,932	1,011,740
Notes receivable, net	208,289	94,600
Inventory, net	4,818,291	2,471,310
Other current assets	1,764,061	2,403,634
Total Current Assets	28,493,602	19,640,052
Property and equipment, net	9,791,938	887,950
Right-of-use assets, net	258,790	428,075
Deferred income taxes, net		1,873,170
Investment in unconsolidated entities	6,183,856
Intangible assets	724,498	188,567
Other assets	207,659	219,142
TOTAL ASSETS	45,660,343	23,236,956
Current Liabilities
Accounts payable	658,308	1,295,174
Accrued sales commission payable	3,932,772	4,713,777
Employee stock warrants liability	1,069,967	3,132,161
State and local taxes payable	1,308,293	1,048,717
Note payable		1,040,400
Accrued and other current liabilities	3,305,973	4,827,414
Current portion of convertible notes payable, net of unamortized debt discount of $7,709 at December 31 and $369 at March 31	142,291	99,631
Total Current Liabilities	10,417,604	16,157,274
Deferred income taxes, net	4,278,331
Convertible notes payable, net of unamortized debt discount of $20,348,540 and unamortized deferred financing costs of $2,260,949 at December 31 and unamortized debt discount of $15,238 at March 31	7,390,511	34,762
Settlement liability, long term portion	373,676	808,071
Lease liability, long-term	2,491	77,810
TOTAL LIABILITIES	22,462,613	17,077,917
Commitments and contingencies
Stockholders’ Equity
Preferred stock value
Common stock value	23,892	16,010
Additional paid in capital	77,238,719	43,757,768
Shares to be issued	12,146	12,146
Accumulated deficit	(53,982,772)	(37,627,718)
Cumulative translation adjustments	(94,887)
Total Stockholders’ Equity	23,197,730	6,159,039
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	45,660,343	23,236,956
Series A Preferred Stock [Member]
Stockholders’ Equity
Preferred stock value	310	510
Series B Preferred Stock [Member]
Stockholders’ Equity
Preferred stock value
Series C Preferred Stock [Member]
Stockholders’ Equity
Preferred stock value	322	323
Common Class A [Member]
Stockholders’ Equity
Common stock value	23,892	16,010
Common Class B [Member]
Stockholders’ Equity
Common stock value

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2021	Mar. 31, 2021
Unamortized debt discount, current	$ 7,709	$ 369
Unamortized debt discount, non-current	20,348,540	$ 15,238
Deferred financing costs	$ 2,260,949
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	200,000,000	200,000,000
Series A convertible preferred stock [Member]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares issued	3,100,000	5,100,000
Preferred stock, shares outstanding	3,100,000	5,100,000
Series B Convertible Preferred Stock [Member]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series C Convertible Preferred Stock [Member]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	3,220,000	3,230,000
Preferred stock, shares outstanding	3,220,000	3,230,000
Common Class A [Member]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	800,000,000	800,000,000
Common stock, shares issued	238,923,969	160,100,769
Common stock, shares outstanding	238,923,969	160,100,769
Common Class B [Member]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	0	0
Common stock, shares outstanding	0	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Jan. 31, 2021	Dec. 31, 2021	Jan. 31, 2021
Income Statement [Abstract]
Net sales	$ 7,110,532	$ 14,303,054	$ 28,195,359	$ 55,642,560
Cost of goods sold	2,328,583	4,744,968	8,606,833	15,693,600
Gross profit	4,781,949	9,558,086	19,588,526	39,948,960
Operating expenses
Selling and marketing expenses	4,219,080	6,984,962	14,391,715	25,355,881
General and administrative expenses	3,612,803	3,698,043	13,881,814	15,359,181
Total operating expenses	7,831,883	10,683,005	28,273,529	40,715,062
Operating loss	(3,049,934)	(1,124,919)	(8,685,003)	(766,102)
Other income (expense)
Interest expense, net	(3,112,039)	(24,968)	(9,168,411)	(42,367)
Gain (loss) on employee warrants liability	154,487	(234,145)	1,935,588	672,230
Gain on extinguishment of debt			1,040,400
Unrealized gain on investment	1,201,510		3,328,483
Foreign currency losses and other non-operating expenses, net	(309,113)	(20,904)	(335,163)	(154,726)
Total other income (expense), net	(2,065,155)	(280,017)	(3,199,103)	475,137
Loss before income taxes	(5,115,089)	(1,404,936)	(11,884,106)	(290,965)
Income tax provision	1,825,073	35,758	1,318,827	391,749
Net loss	(6,940,162)	(1,440,694)	(13,202,933)	(682,714)
Other comprehensive loss (net of tax):
Currency translation adjustments	(118,860)		(94,887)
Total other comprehensive loss	(118,860)		(94,887)
Comprehensive loss	$ (7,059,022)	$ (1,440,694)	$ (13,297,820)	$ (682,714)
Loss per share:
Basic	$ (0.04)	$ (0.01)	$ (0.07)	$ 0
Diluted	$ (0.04)	$ (0.01)	$ (0.07)	$ 0
Weighted average shares:
Basic	192,112,139	177,722,157	188,051,336	173,572,531
Diluted	192,112,139	177,722,157	188,051,336	173,572,531

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)	3 Months Ended		9 Months Ended		11 Months Ended
	Dec. 31, 2021	Jan. 31, 2021	Dec. 31, 2021	Jan. 31, 2021	Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (6,940,162)	$ (1,440,694)	$ (13,202,933)	$ (682,714)	$ (1,235,021)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	77,688	43,735	341,775	128,336
Stock-based compensation expense			(1,502,195)	3,360,070
Deferred income tax benefit			(3,977,918)	(66,622)
Amortization of debt discount and other			9,173,753	15,362
Gain on extinguishment of debt			(1,040,400)
Loss (gain) on investment and other assets			(2,114,970)	20,000
Provision for obsolete inventory	103,787	948,222	448,484	990,831
Changes in operating assets and liabilities:
Accounts receivable			(101,829)	28,571
Inventory			(2,847,188)	664,300
Other current assets			(477,706)	(1,562,044)
Security deposits			(1,941)
Accounts payable			(631,412)	28,050
Income taxes payable			5,181,561	(266,299)
Lease liability			(7,523)	1,638
Accrued and other liabilities			(2,418,406)	(7,842,551)
Net Cash Used in Operating Activities			(13,178,848)	(5,183,072)	(1,566,970)
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments for property and equipment			(9,162,617)	(951,914)
Collection of (payment for) notes receivable, net			(113,689)	98,047
Payment for acquisition and other			(2,937,000)	(8,400)
Net Cash Used in Investing Activities			(12,213,306)	(862,267)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock			3,073,607	3,022,496
Repurchase of common stock				(899,500)
Proceeds from issuance of promissory notes			30,000,000	1,040,400
Net Cash Provided by Financing Activities			33,073,607	3,163,396
IMPACT OF CURRENCY RATE CHANGES ON CASH			(45,331)
Increase (decrease) in cash and cash equivalents			7,636,122	(2,881,943)
Cash and cash equivalents, beginning of period			12,144,409	11,742,728	11,742,728
Cash and cash equivalents, end of period	$ 19,780,531	$ 8,860,785	19,780,531	8,860,785	$ 12,144,409
Supplemental cash flow information
Cash paid for interest			52,331	4,702
Cash paid for income taxes			47,412	820,688
Supplemented disclosure of non-cash investing and financing activities:
Stock issued for financing fees and prepaid interest on debt			5,400,000
Investment origination fee collected in shares of investee stock			500,000
Settlement obligation satisfied with shares of common stock				$ 400,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)	Preferred Stock [Member]Series A Preferred Stock [Member]	Preferred Stock [Member]Series B Preferred Stock [Member]	Preferred Stock [Member]Series C Preferred Stock [Member]	Common Stock [Member]Common Class A and B [Member]	Additional Paid-in Capital [Member]	Subscription Receivable [Member]	Shares To Be Issued [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Cummulative Translation Adjustments [Member]	Total
Balance at Apr. 30, 2020	$ 3,248	$ 1,000	$ 349	$ 13,607	$ 38,871,057	$ (114,405)	$ 11,785	$ (1,532,355)	$ (33,992,697)		$ 3,261,589
Balance, shares at Apr. 30, 2020	32,478,750	10,000,000	3,490,000	136,072,386
Common stock issued for cash				$ 3,000	5,397,000				(2,400,000)		3,000,000
Commonstock issued for cash, shares				30,000,000
Conversions of preferred stock	$ (2,175)	$ (1,000)	$ (24)	$ 3,199
Conversions of preferred stock, shares	(21,750,000)	(10,000,000)	(240,000)	31,990,000
Stock-based compensation expense					2,201,004						2,201,004
Stock warrants exercised				$ 755	(572,929)		(20,249)				(592,423)
Stock warrants exercised, shares				7,549,247
Currency translation adjustments
Common stock issued upon settlement of litigation				$ 1,000	399,000						400,000
Common stock issued upon settlement of litigation, shares				10,000,000
Preferred stock retired	$ (563)				$ 563
Preferred stock retired, shares	5,628,750
Repurchase of common stock, shares				$ (17,500,000)
Repurchase of common stock				(1,750)	(897,750)						(899,500)
Proceeds from common stock warrants exercised							$ 22,496				$ 22,496
Common stock redeemed upon settlement of litigation				$ (3,831)	(1,528,524)			1,532,355
Common stock redeemed upon settlement of litigation, shares				(38,308,864)
Net loss									(682,714)		(682,714)
Balance at Jan. 31, 2021	$ 510		$ 325	$ 15,980	43,869,421	(114,405)	14,032		(37,075,411)		6,710,452
Balance, shares at Jan. 31, 2021	5,100,000		3,250,000	159,802,769
Preferred stock retired, shares	(5,628,750)
Balance at Apr. 30, 2020	$ 3,248	$ 1,000	$ 349	$ 13,607	38,871,057	(114,405)	11,785	(1,532,355)	(33,992,697)		3,261,589
Balance, shares at Apr. 30, 2020	32,478,750	10,000,000	3,490,000	136,072,386
Net loss											(1,235,021)
Balance at Mar. 31, 2021	$ 510		$ 323	$ 16,010	43,757,768		12,146		(37,627,718)		6,159,039
Balance, shares at Mar. 31, 2021	5,100,000		3,230,000	160,100,769
Common stock issued for cash				$ 5,000	5,245,000				(2,250,000)		3,000,000
Commonstock issued for cash, shares				50,000,000
Common stock issued for deferred financing costs and prepaid interest on debt				$ 2,700	6,477,300				(1,080,000)		5,400,000
Common stock issued for deferred financing costs and prepaid interest on debt, shares				27,000,000
Conversions of preferred stock	$ (200)		$ (1)	$ 1	200
Conversions of preferred stock, shares	(2,000,000)		(10,000)	10,000
Issuance of debt with beneficial conversion feature and in-the-money stock warrant, net of tax					21,330,000						21,330,000
Expiration of common stock puts									177,879		177,879
Stock-based compensation expense					280,000						280,000
Stock warrants exercised				$ 181	148,451						148,632
Stock warrants exercised, shares				1,813,200
Currency translation adjustments										(94,887)	(94,887)
Net loss									(13,202,933)		(13,202,933)
Balance at Dec. 31, 2021	$ 310		$ 322	$ 23,892	$ 77,238,719		$ 12,146		$ (53,982,772)	$ (94,887)	$ 23,197,730
Balance, shares at Dec. 31, 2021	3,100,000		3,220,000	238,923,969

DESCRIPTION OF OPERATIONS AND B

DESCRIPTION OF OPERATIONS AND BASIS OF PRESENTATION	9 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
DESCRIPTION OF OPERATIONS AND BASIS OF PRESENTATION	NOTE 1 – DESCRIPTION OF OPERATIONS AND BASIS OF PRESENTATION Description of Operations Sharing Services Global Corporation (“Sharing Services”) and its subsidiaries (collectively, the “Company”) aim to build shareholder value by developing or investing in innovative emerging businesses that augment the Company’s product and services portfolio, business competencies, and geographic reach. Sharing Services was incorporated in the State of Nevada in April 2015. In March 2021, Sharing Services changed its fiscal year-end from a fiscal year ending on April 30 th st Health and Wellness Products TM Subscription-Based Travel Services TM Company-Owned and Franchised Destination Cafes Targeted Ownership Interests Basis of Presentation The unaudited condensed consolidated interim financial statements included herein have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). These unaudited condensed consolidated interim financial statements reflect all adjustments which are of a normal recurring nature, and which are, in the opinion of management, necessary to present fairly the results of the interim period presented. Certain note disclosures normally included in annual financial statements prepared in accordance with US GAAP have been condensed or omitted as permitted pursuant to the rules and regulations of the SEC. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Transition Report on Form 10-K for the transition period ended March 31, 2021. Unless so stated, the disclosures in the accompanying unaudited condensed consolidated financial statements do not repeal the disclosures in our consolidated financial statements for the transition period ended March 31, 2021. During the 11-month transition period ended March 31, 2021, and the nine months ended December 31, 2021, consolidated net loss was $ 1,235,021 and $ 13,202,933 , respectively. During the 11-month transition period ended March 31, 2021, and the nine months ended December 31, 2021, consolidated cash used in operating activities was $ 1,566,970 and $ 13,178,848 , respectively. As of December 31, 2021, consolidated cash and cash equivalents are $ 19,780,531 . In the near term, the Company anticipates continuing to use operating cash due to: (i) a sustained reduction in sales; (ii) investments in new geographic markets, new lines of business, and/or new products; and (iii) costs associated with the due diligence associated with purchasing strategic assets and companies. The Company believes that funds from the $ 30 million convertible loan received from Decentralized Sharing Systems, Inc. (“DSSI”) on April 5, 2021 (see Note 8 below) and proceeds from investments by DSSI into the Company, provide the Company with sufficient liquidity to sustain the Company’s plans and operations at current levels over the next twelve months. The accompanying condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. Reclassifications Certain reclassifications have been made to the prior year data to conform to the current period’s presentation, primarily consisting, as of March 31, 2021, reclassification of the liability associated with uncertain tax positions of $ 904,643 672,230 Use of Estimates and Assumptions The preparation of financial statements in accordance with US GAAP requires the use of judgment and requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and disclosures about contingent assets and liabilities, if any. Matters that require the use of estimates and assumptions include: the recoverability of notes and accounts receivable, the valuation of inventory, the useful lives of fixed assets, the assessment of long-lived assets for impairment, the nature and timing of satisfaction of performance obligations resulting from contracts with customers, allocation of the transaction price to multiple performance obligations in a sales transaction, the measurement and recognition of right-of-use assets and related lease liabilities, the valuation of stock-based compensation awards, the measurement and recognition of uncertain tax positions, and the valuation of loss contingencies, if any. Actual results may differ from these estimates in amounts that are material to our consolidated financial statements. We believe that the estimates and assumptions used in the preparation of our consolidated financial statements are reasonable. Cash, Cash Equivalents, and Restricted Cash The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The Company includes in its consolidated cash and cash equivalents credit card receivables due from its merchant processors, which are expected to be settled within 24 to 72 hours. At December 31, 2021, and March 31, 2021, such credit card receivables were $ 3,481,546 6,225,139 1,756,997 1,612,026 Inventory Inventory consists of finished goods and promotional materials and are stated at the lower of cost, determined using the first-in, first-out (“FIFO”) method, or net realizable value. The Company periodically evaluates the carrying value of its inventory based on a comparison of current quantities on hand with historical and anticipated sales levels. During the three months ended December 31, 2021, and January 31, 2021, the Company recognized a provision for excess or obsolete inventory of $ 103,787 948,222 448,484 990,831 Note Payable In May 2020, Sharing Services was granted a loan (the “PPP Loan”) by a commercial bank in the amount of approximately $ 1.0 At March 31, 2021, loan principal in the amount of approximately $ 1.0 1,040,400 Foreign Currency Translation Prior to April 1, 2021, substantially all consolidated revenues and expenses were denominated in U.S. dollars. As part the Company’s growth initiatives, it is in the process of expanding its operations outside the United States. The functional currency of each of our foreign operations is generally their respective local currency. Balance sheet accounts are translated into U.S. dollars (our reporting currency) at the rates of exchange in effect at the balance sheet date, while the results of operations and cash flows are generally translated using average exchange rates for the periods presented. Individually material transactions, if any, are translated using the actual rate of exchange on the transaction date. The resulting translation adjustments are reported in cumulative translation adjustments in our consolidated balance sheets. Comprehensive Income (Loss) For the three and nine months ended December 31, 2021, the Company’s consolidated comprehensive income (loss) consists of currency translation adjustments and net loss. Prior to April 1, 2021, the only component of the Company’s comprehensive income was its net earnings (loss). Revenue Recognition The Company’s subsidiaries operating in the health and wellness products industry, which accounted for substantially all the Company’s consolidated net sales during the periods included in this Quarterly Report, market their products primarily through an independent sales force, using a direct selling business model under the proprietary brand “The Happy Co.” As of December 31, 2021, and March 31, 2021, deferred sales revenue associated with product invoiced but not received by customers at the balance sheet date was $ 655,918 1.2 76,722 153,216 68,831 95,780 During the nine months ended December 31, 2021, no individual customer, or affiliated group of customers, represents 10% or more of net sales, and approximately 67 32 35 33 71 45 26 29 During the nine months ended December 31, 2021, and January 31, 2021, approximately 86 94 During the nine months ended December 31, 2021, substantially all net sales are from health and wellness products (including approximately 39 29 12 20 99 55 27 17 During the nine months ended December 31, 2021, approximately 58 41 98 Sales Commissions The Company’s subsidiaries recognize sales commission expense, which is included in selling and marketing expenses in its consolidated statements of operations and comprehensive loss, when incurred, in accordance with U.S. GAAP. During the three months ended December 31, 2021, and January 31, 2021, consolidated sales commission expense was $ 3.7 7.0 13.6 25.1 Recently Issued Accounting Standards - Adopted This Fiscal Year In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740) – Simplifying the Accounting for Income Taxes Recently Issued Accounting Standards - Pending Adoption In August 2020, the FASB issued ASU No. 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	9 Months Ended
	Dec. 31, 2021
Loss per share:
EARNINGS (LOSS) PER SHARE	NOTE 2 – EARNINGS (LOSS) PER SHARE The Company calculates its basic earnings (loss) per share by dividing net earnings (loss) available to common shareholders by the weighted average number of common shares outstanding during the reporting period. Diluted earnings (loss) per share is calculated similarly but reflects the potential impact of shares issuable upon the conversion or exercise of outstanding convertible preferred stock, convertible notes payable, stock warrants, and other commitments to issue common stock, except where the impact would be anti-dilutive. The following table sets forth the computations of basic and diluted earnings (loss) per share: SCHEDULE OF COMPUTATIONS OF BASIC AND DILUTED EARNINGS (LOSS) PER SHARE Three Months Ended Nine Months Ended December 31, 2021 January 31, 2021 December 31, 2021 January 31, 2021 Net loss $ (6,940,162 ) $ (1,440,694 ) $ (13,202,933 ) $ (682,714 ) Weighted average basic shares 192,112,139 177,722,157 188,051,336 173,572,531 Dilutive securities and instruments: Convertible preferred stock - - - - Convertible notes - - - - Stock options and warrants - - - - Weighted average diluted shares 192,112,139 177,722,157 188,051,336 173,572,531 Earnings (loss) per share: Basic $ (0.04 ) $ (0.01 ) $ (0.07 ) $ (0.00 ) Diluted $ (0.04 ) $ (0.01 ) $ (0.07 ) $ (0.00 ) The preceding table does not include 3,750,000 14,250,000 The following potentially dilutive securities and instruments were outstanding as of December 31, 2021, and January 31, 2021, but were excluded from the table above because their impact would be anti-dilutive: SCHEDULE OF POTENTIALLY DILUTIVE INSTRUMENTS OUTSTANDING December 31, 2021 January 31, 2021 Convertible preferred stock 7,630,800 23,855,915 Convertible notes payable 157,756,728 10,406,100 Stock warrants 94,829,948 36,365,570 Total potential incremental shares 260,217,476 70,627,585

INVENTORY

INVENTORY	9 Months Ended
	Dec. 31, 2021
Inventory Disclosure [Abstract]
INVENTORY	NOTE 3 – INVENTORY Inventory consists of the following: SCHEDULE OF INVENTORY December 31, 2021 March 31, 2021 Finished Goods $ 5,206,722 $ 2,556,368 Allowance for obsolescence (388,431 ) (85,058 ) Inventory, net $ 4,818,291 $ 2,471,310 The increase in finished goods as of December 31, 2021, compared to as of March 31, 2021, reflects the inventory of the Company’s South Korean subsidiary, which started its operations in June 2021, of approximately $ 2.0

OTHER CURRENT ASSETS

OTHER CURRENT ASSETS	9 Months Ended
	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER CURRENT ASSETS	NOTE 4 – OTHER CURRENT ASSETS Other current assets consist of the following: SCHEDULE OF OTHER CURRENT ASSETS December 31, 2021 March 31, 2021 Prepaid interest, DSSI $ 624,658 $ - Inventory-related deposits 469,323 1,845,722 Employee advances 58,022 320,631 Prepaid expenses and other 612,058 237,281 Other current assets $ 1,764,061 $ 2,403,634

INVESTMENT IN UNCONSOLIDATED EN

INVESTMENT IN UNCONSOLIDATED ENTITIES	9 Months Ended
	Dec. 31, 2021
Investments, All Other Investments [Abstract]
INVESTMENT IN UNCONSOLIDATED ENTITIES	NOTE 5 – INVESTMENT IN UNCONSOLIDATED ENTITIES In September 2021, the Company, Stemtech Corporation (“Stemtech”) and Globe Net Wireless Corp. (“GNTW”) entered into a Securities Purchase Agreement (the “SPA”) pursuant to which the Company invested $ 1.4 1.4 500,000 September 9, 2024 10 September 13, 2024 1.4 154,173 The Company carries its investment in the Convertible Note, the GNTW Warrant and the shares of GNTW common stock at fair value in accordance with U.S. GAAP. During the three and nine months ended December 31, 2021, the Company recognized unrealized gains, before income tax, of $ 1.2 3.3 In September 2021, the Company entered into a Membership Unit Purchase Agreement pursuant to which the Company acquired a 30.75 1,537,000 59,629 Investment in unconsolidated entities consists of the following: SUMMARY OF INVESTMENT IN UNCONSOLIDATED ENTITIES December 31, 2021 March 31, 2021 Investment in detachable GNTW stock warrant $ 3,318,000 $ - Investment in GNTW common stock 365,390 - Investment in Stemtech convertible note 1,023,095 - Investment in MojiLife, LLC 1,477,371 - Investments $ 6,183,856 $ -

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	9 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 6 - PROPERTY AND EQUIPMENT Property and equipment consist of the following: SUMMARY OF PROPERTY AND EQUIPMENT December 31, 2021 March 31, 2021 Building and building improvements $ 8,942,640 $ - Computer software 779,363 734,510 Furniture and fixtures 231,976 230,685 Computer equipment 176,655 165,767 Leasehold improvements and other 297,933 138,529 Total property and equipment 10,428,567 1,269,491 Accumulated depreciation and amortization (636,629 ) (381,541 ) Property and equipment, net $ 9,791,938 $ 887,950 For the three months ended December 31, 2021 and January 31 2021, depreciation and amortization expense was $ 77,688 43,735 255,087 161,663 On December 8, 2021, the Company, through one of its subsidiaries, purchased an office building in Lindon, Utah for $ 8,942,640 3,675,000 28 During the fiscal year ended March 31, 2021, the Company capitalized $ 715,354 163,106

ACCRUED AND OTHER CURRENT LIABI

ACCRUED AND OTHER CURRENT LIABILITIES	9 Months Ended
	Dec. 31, 2021
Payables and Accruals [Abstract]
ACCRUED AND OTHER CURRENT LIABILITIES	NOTE 7 – ACCRUED AND OTHER CURRENT LIABILITIES Accrued and other current liabilities consist of the following: SUMMARY OF ACCRUED AND OTHER CURRENT LIABILITIES December 31, 2021 March 31, 2021 Deferred sales revenues $ 801,471 $ 1,449,359 Liability associated with uncertain tax positions 921,977 904,643 Accrued severance expense - 700,000 Payroll and employee benefits 366,858 523,454 Settlement liability, current portion 341,919 376,921 Lease liability, current portion 272,018 373,398 Other operational accruals 601,730 499,639 Accrued and other current liabilities $ 3,305,973 $ 4,827,414

CONVERTIBLE NOTES PAYABLE

CONVERTIBLE NOTES PAYABLE	9 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
CONVERTIBLE NOTES PAYABLE	NOTE 8 - CONVERTIBLE NOTES PAYABLE Convertible notes payable consists of the following: SCHEDULE OF CONVERTIBLE NOTES PAYABLE Issuance Date Maturity Date Interest Rate Conversion Price December 31, 2021 March 31, 2021 April 2021 April 2024 8 % $ 0.20 $ 30,000,000 $ - October 2017 October 2022 12 % $ 0.15 50,000 50,000 April 2018 April 2021 0 % $ 0.01 100,000 100,000 Total convertible notes payable 30,150,000 150,000 Less: unamortized debt discount and deferred financing costs 22,617,198 15,607 7,532,802 134,393 Less: current portion of convertible notes payable 142,291 99,631 Long-term convertible notes payable $ 7,390,511 $ 34,762 The Company’s convertible notes are convertible, at the option of the holder, into shares of the Company’s Common Stock at the conversion prices shown above. In October 2017, the Company issued a Convertible Promissory Note in the principal amount of $ 50,000 333,333 333,333 0.15 In December 2019, the Company and the holder of the Company’s $ 100,000 On April 5, 2021, the Company and DSSI entered into a Securities Purchase Agreement, pursuant to which the Company issued: (a) a Convertible Promissory Note in the principal amount of $ 30.0 150,000,000 0.22 30.0 3.0 0.20 8 April 5, 2024 0.20 0.20 In connection with the issuance of the Note and the detachable Warrant, the Company allocated $ 15.0 12.0 3.0 27,000,000 15,000,000 12,000,000 1,080,000 During the three months ended December 31, 2021, and January 31, 2021, interest expense in connection with the Company’s convertible notes was $ 605,934 1,512 2,268,942 5,121 251,825 1,779,353 4,537 6,659,359 15,363 739,051

INCOME TAXES

INCOME TAXES	9 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 9 – INCOME TAXES The statutory rates for our domestic and our material foreign operations are as follows for the periods shown: SCHEDULE OF STATUTORY RATES FOR OUR DOMESTIC AND FOREIGN OPERATION Country 2021 2020 United States 21 % 21 % Republic of Korea 22 % 22 % For the nine months ended December 31, 2021, and January 31, 2021, the consolidated effective tax rate was -11.1 % and -134.6 %, respectively. For the nine months ended December 31, 2021, the effective tax rate was different from the federal statutory rate primarily due to the valuation allowance of $ 4.5 million placed on certain deferred tax assets being carried forward or projected to reverse in future years due to the uncertainty of the Company generating sufficient taxable income in the foreseeable future to make realization probable. For the nine months ended January 31, 2021, the effective tax rate was different from the federal statutory rate primarily due to the provision for state and local income taxes. Income taxes applicable to our foreign operations are not material in the periods presented. For the nine months ended December 31, 2021, and January 31, 2021, our income tax rate reconciliation is as follows: SCHEDULE OF INCOME TAX RATE RECONCILIATION RATE December 31, 2021 January 31, 2021 Federal statutory rate 21.0 % 21.0 % State and local income taxes (0.9 )% (115.5 )% Valuation allowance (37.5 )% - % Return to provision and other 6.3 % 40.1 % Effective tax rate (11.1 )% (134.6 )%

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	9 Months Ended
	Dec. 31, 2021
Equity [Abstract]
STOCKHOLDERS’ EQUITY	NOTE 10 - STOCKHOLDERS’ EQUITY Common Stock On July 28, 2021, the Company held its Annual Meeting of Stockholders. At the meeting, the Company’s Shareholders ratified the Second Amended and Restated Articles of Incorporation of the Company, which was previously approved by the Board of Directors. The Second Amended and Restated Articles of Incorporation, among other things, increased the authorized number of shares of the Company’s stock to 1,000,000,000 800,000,000 0.0001 200,000,000 0.0001 During the nine months ended December 31, 2021, Sharing Services issued to DSSI 27,000,000 15,000,000 12,000,000 3,000,000 50,000,000 50,000,000 10,000 10,000 1,813,200 As of December 31, 2021, 238,923,969

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 11 - RELATED PARTY TRANSACTIONS Decentralized Sharing Systems, Inc. On April 5, 2021, Sharing Services and DSSI entered into a Securities Purchase Agreement, pursuant to which the Company issued: (a) a Convertible Promissory Note in the principal amount of $ 30.0 150,000,000 0.22 30.0 3.0 0.20 On December 23, 2021, Sharing Services and DSSI entered into a Stock Purchase and Share Subscription Agreement pursuant to which DSSI invested $ 3,000,000 50,000,000 50,000,000 5 0.063 0.075 2.3 As of December 31, 2021, DSS and its affiliates owned, in the aggregate, 141.9 210.0 150.0 Alset Title Company, Inc. On December 8, 2021, Sharing Services, through one of its subsidiaries, purchased an office building in Lindon, Utah for $ 8,942,640 Hapi Café, Inc. In November 2021, Sharing Services and Hapi Café, Inc, a company affiliated with Heng Fai Ambrose Chan, a Director of the Company, entered into a Master Franchise Agreement pursuant to which Sharing Services acquired the exclusive franchise rights in North America to the brand “Hapi Café.” Under the terms, Sharing Services, directly or through its subsidiaries, has the right to operate no less than five (5) corporate-owned stores and can offer to the public sub-franchise rights to own and operate other stores, subject to the terms and conditions contained in the Master Franchise Agreement. HWH International, Inc. In October 2017, Sharing Services issued a Convertible Promissory Note in the principal amount of $ 50,000 333,333 333,333 0.15 HWH World, Inc. A subsidiary of the Company operating in the Republic of Korea subleases office space from HWH World, Inc., a subsidiary of DSS and a company affiliated with Heng Fai Ambrose Chan, a Director of the Company. Pursuant to the terms of the sublease agreement, the Company recognized a right-of-use asset and an operating lease liability of $ 303,322 129,113 179,763 In September 2021, the Company and HWH World, Inc., a subsidiary of DSS and a company affiliated with Heng Fai Ambrose Chan, a Director of the Company, entered into an Advisory Agreement pursuant to which the Company provides strategic advisory services to HWH World, Inc. in connection with its North America expansion plans in exchange for a monthly fee of $ 10,000 36,700 Impact Biomedical, Inc. In the nine months ended December 31, 2021, a wholly owned subsidiary of the Company purchased health and wellness products from Impact Biomedical, Inc., a subsidiary of DSS, in the aggregate amount of $ 82,664 K Beauty Research Lab. Co., Ltd In the nine months ended December 31, 2021, a wholly owned subsidiary of the Company purchased skin care products manufactured by K Beauty Research Lab. Co., Ltd (“K Beauty”), a South Korean-based supplier of skin care products that is affiliated with Heng Fai Ambrose Chan, a Director of the Company, in the aggregate amount of $ 2.3 Premier Packaging Corporation In the nine months ended December 31, 2021, a wholly owned subsidiary of the Company issued purchase orders to Premier Packaging Corporation, a subsidiary of DSS, to acquire printed packaging materials in the aggregate amount of $ 152,813 Alchemist Holdings, LLC - Related Party Sublease The Company subleases warehouse and office space from Alchemist Holdings, LLC, a shareholder of the Company. During the nine months ended December 31, 2021, and January 31, 2021, rent expense associated with such sublease agreement was $ 75,486 68,643 As disclosed in our Transition Report for the transition period ended March 31, 2021, in June 2020, the Company entered into a Settlement Accommodation Agreement and an Amended and Restated Founder Consulting Agreement with a former officer of the Company who is a principal of Alchemist Holdings, LLC. The Company recognized a settlement liability of $ 2.0 715,596

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	NOTE 12 – STOCK-BASED COMPENSATION Stock Warrants Stock Warrants Issued to Directors, Officers and Employees In July 2020, Sharing Services and Heng Fai Ambrose Chan, a Director of the Company, entered into a Stock Purchase and Share Subscription Agreement (the “SPA Agreement”) pursuant to which Mr. Chan invested $ 3.0 30.0 10.0 0.20 In October 2017, Sharing Services issued a convertible note in the principal amount of $ 50,000 333,333 0.15 333,333 During the fiscal year 2020, certain domestic subsidiaries of the Company entered multi-year employment agreements with certain of its key employees. In general, each employment contract contained a fully vested initial grant of warrants exercisable at a fixed exercise price and, provided for subsequent grants that were exercisable at a discounted price based on the 10-day average stock price determined at the time of exercise. The subsequent grants would vest at each anniversary date of the employment agreement effective date. The Company begins recognizing the compensatory nature of the warrants at the service inception date and ceases recognition at the vesting date. Due to the variable nature of the exercise price for some grants, the Company will continue to recognize expense (or benefit) after the end of the service period until the warrants are exercised or expire. As such, the Company disclosures below are based, as appropriate, on either (i) the fixed exercise price of the warrant; or (ii) the variable exercise price of the warrant as determined on the last day of the period. During the three months ended December 31, 2021, and January 31, 2021, the Company recognized a gain of $ 154,488 234,145 1,935,588 672,230

LEASES

LEASES	9 Months Ended
	Dec. 31, 2021
Leases
LEASES	NOTE 13 – LEASES The Company leases space for its offices and warehouse space, under lease agreements classified as “operating leases’” as defined in ASC Topic 842. The weighted-average remaining lease term and discount rate related to the Company’s lease liabilities as of December 31, 2021, were 1.0 12 The following information pertains to the Company’s leases as of the balance sheet dates indicated: SCHEDULE OF OPERATING LEASE ASSETS AND LIABILITIES Assets Classification December 31, 2021 March 31, 2021 Operating leases Right-of-use assets, net $ 258,790 $ 428,075 Total lease assets $ 258,790 $ 428,075 Liabilities Operating leases Accrued and other current liabilities $ 272,018 $ 373,398 Operating leases Lease liability, long-term 2,491 77,810 Total lease liability $ 274,509 $ 451,208 The following information pertains to the Company’s leases for the periods indicated: SCHEDULE OF OPERATING LEASE COSTS Three Months Ended Lease cost Classification December 31, 2021 January 31, 2021 Operating lease cost General and administrative expenses $ 54,463 $ 130,554 Operating lease cost Depreciation and amortization - - Operating lease cost Interest expense, net - - Total lease cost $ 54,463 $ 130,554 Nine Months Ended Lease cost Classification December 31, 2021 January 31, 2021 Operating lease cost General and administrative expenses $ 349,165 $ 401,052 Operating lease cost Depreciation and amortization - - Operating lease cost Interest expense, net - - Total lease cost $ 349,165 $ 401,052 The Company’s lease liability is payable as follows: SCHEDULE OF OPERATING LEASE LIABILITY PAYABLE Twelve months ending December 31, 2022 $ 272,018 2023 2,491 2024-2026 - Thereafter - Total lease liability $ 274,509

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 14 – COMMITMENTS AND CONTINGENCIES Regulatory Matters In May 2021, the Company announced that it has received a notice from the pertinent licensing authority in the Republic of Korea, (“KOSSA”) stating that the multi-level license previously issued to the Company’s subsidiary organized in South Korea has been cancelled by KOSSA. The Company is actively investigating the facts surrounding the cancellation and is reviewing all available options to resolve all outstanding issues raised by KOSSA. In addition, the Company has retained a well-respected local law firm and is evaluating several options available to the Company to conduct business in South Korea. Legal Matters in General The Company and its subsidiaries have incurred several claims in the normal course of business. The Company believes such claims can be resolved without any material adverse effect on our consolidated financial position, results of operations, or cash flows. The Company maintains certain liability insurance. However, certain costs of defending lawsuits are not covered by or only partially covered by its insurance policies, including claims that are below insurance deductibles. Additionally, insurance carriers could refuse to cover certain claims, in whole or in part. The Company accrues costs to defend itself from litigation as they are incurred. The outcome of litigation is uncertain, and despite management’s view of the merits of any litigation, or the reasonableness of the Company’s estimates and reserves, the Company’s financial statements could nonetheless be materially affected by an adverse judgment. The Company believes it has adequately reserved for the contingencies arising from current legal matters where an outcome was deemed to be probable, and the loss amount could be reasonably estimated. No provision for legal matters was deemed necessary as of December 31, 2021. Legal Proceedings The Company from time to time is involved in various claims and lawsuits incidental to the conduct of its business in the ordinary course. We do not believe that the ultimate resolution of these matters will have a material adverse impact on our consolidated financial position, results of operations or cash flows. (a) Case No. 4:20-cv-00946; Dennis Burback, Ken Eddy and Mark Andersen v. Robert Oblon, Jordan Brock, Jeff Bollinger, Four Oceans Global, LLC, Four Oceans Holdings, Inc., Alchemist Holdings, LLC, Elepreneurs U.S., LLC, Elevacity U.S., LLC, Sharing Services Global Corporation, Custom Travel Holdings, Inc., and Does 1-5, (b) AAA Ref. No. 01-20-0019-3907; Sharing Services Global Corporation, Elevacity Holdings, LLC, Elevacity U.S., LLC, Elepreneurs Holdings, LLC and Elepreneurs U.S., LLC v. Robert Oblon, (c) Case No. 4:20-cv-00989; Sharing Services Global Corporation, Elevacity Holdings, LLC, Elevacity U.S., LLC, Elepreneurs Holdings, LLC and Elepreneurs U.S., LLC v. Robert Oblon, (d) Case No. 4:21-cv-00026; Elepreneurs Holdings, LLC d/b/a Elepreneur, LLC, Elepreneurs U.S., LLC d/b/a Elepreneurs, LLC, and SHRG IP Holdings, LLC v. Lori Ann Benson, Andrea Althaus and Lindsey Buboltz, th (e) Case No. 4:21-cv-00183; Sharing Services Global Corporation f/k/a Sharing Services, Inc., Elepreneurs Holdings, LLC n/k/a Elevacity Holdings, LLC, Elepreneurs U.S., LLC n/k/a Elevacity U.S., LLC and SHRG IP Holdings, LLC v. AmplifeiIntl, LLC d/b/a HAPInss and HAPInssBrands, LLC

FAIR VALUE MEASURENTS OF FINANC

FAIR VALUE MEASURENTS OF FINANCIAL INSTRUMENTS	9 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
FAIR VALUE MEASURENTS OF FINANCIAL INSTRUMENTS	NOTE 15 – FAIR VALUE MEASURENTS OF FINANCIAL INSTRUMENTS Our financial instruments consist of cash equivalents, if any, accounts receivable, notes receivable, investments in unconsolidated entities, accounts payable and convertible notes payable. The carrying amounts of cash equivalents, if any, trade accounts receivable and accounts payable approximate their respective fair values due to the short-term nature of these financial instruments. Consistent with the valuation hierarchy contained in ASC Topic 820, we categorized certain of our consolidated financial assets and liabilities as follows: SUMMARY OF FINANCIAL ASSETS AND LIABILITIES December 31, 2021 Total Level 1 Level 2 Level 3 Assets Investment in unconsolidated entities $ 6,183,856 $ 365,390 $ 4,341,095 $ 1,477,371 Notes receivable 208,289 - - 208,289 Total assets $ 6,392,145 $ 365,390 $ 4,341,095 $ 1,685,660 Liabilities Notes Payable $ 1,040,400 $ - $ - $ 1,040,400 Convertible notes payable $ 13,567,292 $ - $ 13,425,000 $ 142,292 Total liabilities $ 13,567,292 $ - $ 13,425,000 $ 142,292 March 31, 2021 Total Level 1 Level 2 Level 3 Assets Notes receivable $ 94,600 $ - $ - $ 94,600 Total assets $ 94,600 $ - $ - $ 94,600 Liabilities Notes Payable $ 1,040,400 $ - $ - $ 1,040,400 Convertible notes payable 134,393 - - 134,393 Total liabilities $ 1,174,793 $ - $ - $ 1,174,793

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 16 – SUBSEQUENT EVENTS On January 10, 2022, the Company and MojiLife entered into a one-year Business Consulting Agreement pursuant to which the Company will provide to MojiLife certain consulting services in exchange for a monthly fee of $ 10,000 On January 14, 2022, the Company loaned $ 150,000 0.5 10 January 14, 2023 8,833.33 52,833.37 30.75 On January 24, 2022, the Company and DSS who, together with its subsidiaries, is a majority shareholder of the Company, entered into a one-year Business Consulting Agreement (the “Consulting Agreement”) pursuant to which the DSS will provide to the Company certain consulting services, as defined in the Consulting Agreement. The Consulting Agreement may be terminated by either party on a 60-day’s written notice. In connection with the Consulting Agreement, the Company agreed to pay DSS and flat monthly fee of sixty thousand dollars ($ 60,000 50,000,000 January 24, 2027 0.0001 On January 26, 2022, the Company, through a wholly owned subsidiary, and 1044Pro LLC, a Florida limited liability company (“1044Pro”), entered into a loan agreement pursuant to which the Company agreed to loan to 1044Pro up to $ 250,000 125,000 10

DESCRIPTION OF OPERATIONS AND_2

DESCRIPTION OF OPERATIONS AND BASIS OF PRESENTATION (Policies)	9 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Description of Operations	Description of Operations Sharing Services Global Corporation (“Sharing Services”) and its subsidiaries (collectively, the “Company”) aim to build shareholder value by developing or investing in innovative emerging businesses that augment the Company’s product and services portfolio, business competencies, and geographic reach. Sharing Services was incorporated in the State of Nevada in April 2015. In March 2021, Sharing Services changed its fiscal year-end from a fiscal year ending on April 30 th st Health and Wellness Products TM Subscription-Based Travel Services TM Company-Owned and Franchised Destination Cafes Targeted Ownership Interests
Basis of Presentation	Basis of Presentation The unaudited condensed consolidated interim financial statements included herein have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). These unaudited condensed consolidated interim financial statements reflect all adjustments which are of a normal recurring nature, and which are, in the opinion of management, necessary to present fairly the results of the interim period presented. Certain note disclosures normally included in annual financial statements prepared in accordance with US GAAP have been condensed or omitted as permitted pursuant to the rules and regulations of the SEC. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Transition Report on Form 10-K for the transition period ended March 31, 2021. Unless so stated, the disclosures in the accompanying unaudited condensed consolidated financial statements do not repeal the disclosures in our consolidated financial statements for the transition period ended March 31, 2021. During the 11-month transition period ended March 31, 2021, and the nine months ended December 31, 2021, consolidated net loss was $ 1,235,021 and $ 13,202,933 , respectively. During the 11-month transition period ended March 31, 2021, and the nine months ended December 31, 2021, consolidated cash used in operating activities was $ 1,566,970 and $ 13,178,848 , respectively. As of December 31, 2021, consolidated cash and cash equivalents are $ 19,780,531 . In the near term, the Company anticipates continuing to use operating cash due to: (i) a sustained reduction in sales; (ii) investments in new geographic markets, new lines of business, and/or new products; and (iii) costs associated with the due diligence associated with purchasing strategic assets and companies. The Company believes that funds from the $ 30 million convertible loan received from Decentralized Sharing Systems, Inc. (“DSSI”) on April 5, 2021 (see Note 8 below) and proceeds from investments by DSSI into the Company, provide the Company with sufficient liquidity to sustain the Company’s plans and operations at current levels over the next twelve months. The accompanying condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation.
Reclassifications	Reclassifications Certain reclassifications have been made to the prior year data to conform to the current period’s presentation, primarily consisting, as of March 31, 2021, reclassification of the liability associated with uncertain tax positions of $ 904,643 672,230
Use of Estimates and Assumptions	Use of Estimates and Assumptions The preparation of financial statements in accordance with US GAAP requires the use of judgment and requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and disclosures about contingent assets and liabilities, if any. Matters that require the use of estimates and assumptions include: the recoverability of notes and accounts receivable, the valuation of inventory, the useful lives of fixed assets, the assessment of long-lived assets for impairment, the nature and timing of satisfaction of performance obligations resulting from contracts with customers, allocation of the transaction price to multiple performance obligations in a sales transaction, the measurement and recognition of right-of-use assets and related lease liabilities, the valuation of stock-based compensation awards, the measurement and recognition of uncertain tax positions, and the valuation of loss contingencies, if any. Actual results may differ from these estimates in amounts that are material to our consolidated financial statements. We believe that the estimates and assumptions used in the preparation of our consolidated financial statements are reasonable.
Cash, Cash Equivalents, and Restricted Cash	Cash, Cash Equivalents, and Restricted Cash The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The Company includes in its consolidated cash and cash equivalents credit card receivables due from its merchant processors, which are expected to be settled within 24 to 72 hours. At December 31, 2021, and March 31, 2021, such credit card receivables were $ 3,481,546 6,225,139 1,756,997 1,612,026
Inventory	Inventory Inventory consists of finished goods and promotional materials and are stated at the lower of cost, determined using the first-in, first-out (“FIFO”) method, or net realizable value. The Company periodically evaluates the carrying value of its inventory based on a comparison of current quantities on hand with historical and anticipated sales levels. During the three months ended December 31, 2021, and January 31, 2021, the Company recognized a provision for excess or obsolete inventory of $ 103,787 948,222 448,484 990,831
Note Payable	Note Payable In May 2020, Sharing Services was granted a loan (the “PPP Loan”) by a commercial bank in the amount of approximately $ 1.0 At March 31, 2021, loan principal in the amount of approximately $ 1.0 1,040,400
Foreign Currency Translation	Foreign Currency Translation Prior to April 1, 2021, substantially all consolidated revenues and expenses were denominated in U.S. dollars. As part the Company’s growth initiatives, it is in the process of expanding its operations outside the United States. The functional currency of each of our foreign operations is generally their respective local currency. Balance sheet accounts are translated into U.S. dollars (our reporting currency) at the rates of exchange in effect at the balance sheet date, while the results of operations and cash flows are generally translated using average exchange rates for the periods presented. Individually material transactions, if any, are translated using the actual rate of exchange on the transaction date. The resulting translation adjustments are reported in cumulative translation adjustments in our consolidated balance sheets.
Comprehensive Income (Loss)	Comprehensive Income (Loss) For the three and nine months ended December 31, 2021, the Company’s consolidated comprehensive income (loss) consists of currency translation adjustments and net loss. Prior to April 1, 2021, the only component of the Company’s comprehensive income was its net earnings (loss).
Revenue Recognition	Revenue Recognition The Company’s subsidiaries operating in the health and wellness products industry, which accounted for substantially all the Company’s consolidated net sales during the periods included in this Quarterly Report, market their products primarily through an independent sales force, using a direct selling business model under the proprietary brand “The Happy Co.” As of December 31, 2021, and March 31, 2021, deferred sales revenue associated with product invoiced but not received by customers at the balance sheet date was $ 655,918 1.2 76,722 153,216 68,831 95,780 During the nine months ended December 31, 2021, no individual customer, or affiliated group of customers, represents 10% or more of net sales, and approximately 67 32 35 33 71 45 26 29 During the nine months ended December 31, 2021, and January 31, 2021, approximately 86 94 During the nine months ended December 31, 2021, substantially all net sales are from health and wellness products (including approximately 39 29 12 20 99 55 27 17 During the nine months ended December 31, 2021, approximately 58 41 98
Sales Commissions	Sales Commissions The Company’s subsidiaries recognize sales commission expense, which is included in selling and marketing expenses in its consolidated statements of operations and comprehensive loss, when incurred, in accordance with U.S. GAAP. During the three months ended December 31, 2021, and January 31, 2021, consolidated sales commission expense was $ 3.7 7.0 13.6 25.1
Recently Issued Accounting Standards - Adopted This Fiscal Year	Recently Issued Accounting Standards - Adopted This Fiscal Year In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740) – Simplifying the Accounting for Income Taxes
Recently Issued Accounting Standards - Pending Adoption	Recently Issued Accounting Standards - Pending Adoption In August 2020, the FASB issued ASU No. 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity

EARNINGS (LOSS) PER SHARE (Tabl

EARNINGS (LOSS) PER SHARE (Tables)	9 Months Ended
	Dec. 31, 2021
Loss per share:
SCHEDULE OF COMPUTATIONS OF BASIC AND DILUTED EARNINGS (LOSS) PER SHARE	The following table sets forth the computations of basic and diluted earnings (loss) per share: SCHEDULE OF COMPUTATIONS OF BASIC AND DILUTED EARNINGS (LOSS) PER SHARE Three Months Ended Nine Months Ended December 31, 2021 January 31, 2021 December 31, 2021 January 31, 2021 Net loss $ (6,940,162 ) $ (1,440,694 ) $ (13,202,933 ) $ (682,714 ) Weighted average basic shares 192,112,139 177,722,157 188,051,336 173,572,531 Dilutive securities and instruments: Convertible preferred stock - - - - Convertible notes - - - - Stock options and warrants - - - - Weighted average diluted shares 192,112,139 177,722,157 188,051,336 173,572,531 Earnings (loss) per share: Basic $ (0.04 ) $ (0.01 ) $ (0.07 ) $ (0.00 ) Diluted $ (0.04 ) $ (0.01 ) $ (0.07 ) $ (0.00 )
SCHEDULE OF POTENTIALLY DILUTIVE INSTRUMENTS OUTSTANDING	The following potentially dilutive securities and instruments were outstanding as of December 31, 2021, and January 31, 2021, but were excluded from the table above because their impact would be anti-dilutive: SCHEDULE OF POTENTIALLY DILUTIVE INSTRUMENTS OUTSTANDING December 31, 2021 January 31, 2021 Convertible preferred stock 7,630,800 23,855,915 Convertible notes payable 157,756,728 10,406,100 Stock warrants 94,829,948 36,365,570 Total potential incremental shares 260,217,476 70,627,585

INVENTORY (Tables)

INVENTORY (Tables)	9 Months Ended
	Dec. 31, 2021
Inventory Disclosure [Abstract]
SCHEDULE OF INVENTORY	Inventory consists of the following: SCHEDULE OF INVENTORY December 31, 2021 March 31, 2021 Finished Goods $ 5,206,722 $ 2,556,368 Allowance for obsolescence (388,431 ) (85,058 ) Inventory, net $ 4,818,291 $ 2,471,310

OTHER CURRENT ASSETS (Tables)

OTHER CURRENT ASSETS (Tables)	9 Months Ended
	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
SCHEDULE OF OTHER CURRENT ASSETS	Other current assets consist of the following: SCHEDULE OF OTHER CURRENT ASSETS December 31, 2021 March 31, 2021 Prepaid interest, DSSI $ 624,658 $ - Inventory-related deposits 469,323 1,845,722 Employee advances 58,022 320,631 Prepaid expenses and other 612,058 237,281 Other current assets $ 1,764,061 $ 2,403,634

INVESTMENT IN UNCONSOLIDATED _2

INVESTMENT IN UNCONSOLIDATED ENTITIES (Tables)	9 Months Ended
	Dec. 31, 2021
Investments, All Other Investments [Abstract]
SUMMARY OF INVESTMENT IN UNCONSOLIDATED ENTITIES	Investment in unconsolidated entities consists of the following: SUMMARY OF INVESTMENT IN UNCONSOLIDATED ENTITIES December 31, 2021 March 31, 2021 Investment in detachable GNTW stock warrant $ 3,318,000 $ - Investment in GNTW common stock 365,390 - Investment in Stemtech convertible note 1,023,095 - Investment in MojiLife, LLC 1,477,371 - Investments $ 6,183,856 $ -

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	9 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
SUMMARY OF PROPERTY AND EQUIPMENT	Property and equipment consist of the following: SUMMARY OF PROPERTY AND EQUIPMENT December 31, 2021 March 31, 2021 Building and building improvements $ 8,942,640 $ - Computer software 779,363 734,510 Furniture and fixtures 231,976 230,685 Computer equipment 176,655 165,767 Leasehold improvements and other 297,933 138,529 Total property and equipment 10,428,567 1,269,491 Accumulated depreciation and amortization (636,629 ) (381,541 ) Property and equipment, net $ 9,791,938 $ 887,950

ACCRUED AND OTHER CURRENT LIA_2

ACCRUED AND OTHER CURRENT LIABILITIES (Tables)	9 Months Ended
	Dec. 31, 2021
Payables and Accruals [Abstract]
SUMMARY OF ACCRUED AND OTHER CURRENT LIABILITIES	Accrued and other current liabilities consist of the following: SUMMARY OF ACCRUED AND OTHER CURRENT LIABILITIES December 31, 2021 March 31, 2021 Deferred sales revenues $ 801,471 $ 1,449,359 Liability associated with uncertain tax positions 921,977 904,643 Accrued severance expense - 700,000 Payroll and employee benefits 366,858 523,454 Settlement liability, current portion 341,919 376,921 Lease liability, current portion 272,018 373,398 Other operational accruals 601,730 499,639 Accrued and other current liabilities $ 3,305,973 $ 4,827,414

CONVERTIBLE NOTES PAYABLE (Tabl

CONVERTIBLE NOTES PAYABLE (Tables)	9 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
SCHEDULE OF CONVERTIBLE NOTES PAYABLE	Convertible notes payable consists of the following: SCHEDULE OF CONVERTIBLE NOTES PAYABLE Issuance Date Maturity Date Interest Rate Conversion Price December 31, 2021 March 31, 2021 April 2021 April 2024 8 % $ 0.20 $ 30,000,000 $ - October 2017 October 2022 12 % $ 0.15 50,000 50,000 April 2018 April 2021 0 % $ 0.01 100,000 100,000 Total convertible notes payable 30,150,000 150,000 Less: unamortized debt discount and deferred financing costs 22,617,198 15,607 7,532,802 134,393 Less: current portion of convertible notes payable 142,291 99,631 Long-term convertible notes payable $ 7,390,511 $ 34,762

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
SCHEDULE OF STATUTORY RATES FOR OUR DOMESTIC AND FOREIGN OPERATION	The statutory rates for our domestic and our material foreign operations are as follows for the periods shown: SCHEDULE OF STATUTORY RATES FOR OUR DOMESTIC AND FOREIGN OPERATION Country 2021 2020 United States 21 % 21 % Republic of Korea 22 % 22 %
SCHEDULE OF INCOME TAX RATE RECONCILIATION RATE	For the nine months ended December 31, 2021, and January 31, 2021, our income tax rate reconciliation is as follows: SCHEDULE OF INCOME TAX RATE RECONCILIATION RATE December 31, 2021 January 31, 2021 Federal statutory rate 21.0 % 21.0 % State and local income taxes (0.9 )% (115.5 )% Valuation allowance (37.5 )% - % Return to provision and other 6.3 % 40.1 % Effective tax rate (11.1 )% (134.6 )%

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Dec. 31, 2021
Leases
SCHEDULE OF OPERATING LEASE ASSETS AND LIABILITIES	The following information pertains to the Company’s leases as of the balance sheet dates indicated: SCHEDULE OF OPERATING LEASE ASSETS AND LIABILITIES Assets Classification December 31, 2021 March 31, 2021 Operating leases Right-of-use assets, net $ 258,790 $ 428,075 Total lease assets $ 258,790 $ 428,075 Liabilities Operating leases Accrued and other current liabilities $ 272,018 $ 373,398 Operating leases Lease liability, long-term 2,491 77,810 Total lease liability $ 274,509 $ 451,208
SCHEDULE OF OPERATING LEASE COSTS	The following information pertains to the Company’s leases for the periods indicated: SCHEDULE OF OPERATING LEASE COSTS Three Months Ended Lease cost Classification December 31, 2021 January 31, 2021 Operating lease cost General and administrative expenses $ 54,463 $ 130,554 Operating lease cost Depreciation and amortization - - Operating lease cost Interest expense, net - - Total lease cost $ 54,463 $ 130,554 Nine Months Ended Lease cost Classification December 31, 2021 January 31, 2021 Operating lease cost General and administrative expenses $ 349,165 $ 401,052 Operating lease cost Depreciation and amortization - - Operating lease cost Interest expense, net - - Total lease cost $ 349,165 $ 401,052
SCHEDULE OF OPERATING LEASE LIABILITY PAYABLE	The Company’s lease liability is payable as follows: SCHEDULE OF OPERATING LEASE LIABILITY PAYABLE Twelve months ending December 31, 2022 $ 272,018 2023 2,491 2024-2026 - Thereafter - Total lease liability $ 274,509

FAIR VALUE MEASURENTS OF FINA_2

FAIR VALUE MEASURENTS OF FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
SUMMARY OF FINANCIAL ASSETS AND LIABILITIES	Consistent with the valuation hierarchy contained in ASC Topic 820, we categorized certain of our consolidated financial assets and liabilities as follows: SUMMARY OF FINANCIAL ASSETS AND LIABILITIES December 31, 2021 Total Level 1 Level 2 Level 3 Assets Investment in unconsolidated entities $ 6,183,856 $ 365,390 $ 4,341,095 $ 1,477,371 Notes receivable 208,289 - - 208,289 Total assets $ 6,392,145 $ 365,390 $ 4,341,095 $ 1,685,660 Liabilities Notes Payable $ 1,040,400 $ - $ - $ 1,040,400 Convertible notes payable $ 13,567,292 $ - $ 13,425,000 $ 142,292 Total liabilities $ 13,567,292 $ - $ 13,425,000 $ 142,292 March 31, 2021 Total Level 1 Level 2 Level 3 Assets Notes receivable $ 94,600 $ - $ - $ 94,600 Total assets $ 94,600 $ - $ - $ 94,600 Liabilities Notes Payable $ 1,040,400 $ - $ - $ 1,040,400 Convertible notes payable 134,393 - - 134,393 Total liabilities $ 1,174,793 $ - $ - $ 1,174,793

DESCRIPTION OF OPERATIONS AND_3

DESCRIPTION OF OPERATIONS AND BASIS OF PRESENTATION (Details Narrative) - USD ($)	Apr. 05, 2021	May 31, 2020	Dec. 31, 2021	Jan. 31, 2021	Dec. 31, 2021	Jan. 31, 2021	Mar. 31, 2021	Dec. 31, 2019
Product Information [Line Items]
Net Income (Loss) Attributable to Parent			$ 6,940,162	$ 1,440,694	$ 13,202,933	$ 682,714	$ 1,235,021
Net Cash Provided by (Used in) Operating Activities					13,178,848	5,183,072	1,566,970
Cash and Cash Equivalents, at Carrying Value			19,780,531		19,780,531		12,144,409
Convertible Notes Payable			30,150,000		30,150,000		150,000	$ 100,000
Uncertain tax positions							904,643
Gain on employee warrants liability						672,230
Credit card receivables			3,481,546		3,481,546		6,225,139
Cash equivalents held in bank accounts			1,756,997		1,756,997		1,612,026
Provision for excess or obsolete inventory			103,787	948,222	448,484	990,831
Proceeds from loans		$ 1,000,000
Loan principal amount							1,000,000
Gain on extinguishment of debt					1,040,400
Deferred sales revenue			655,918		655,918		1,200,000
Sales commissions expense			3,700,000	$ 7,000,000	$ 13,600,000	$ 25,100,000
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Nutraceutical Products [Member]
Product Information [Line Items]
Concentration risk, percentage					39.00%	55.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Coffee and Coffee Related Products [Member]
Product Information [Line Items]
Concentration risk, percentage					29.00%	27.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Weight Management Products [Member]
Product Information [Line Items]
Concentration risk, percentage					12.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Other Health and Wellness Products [Member]
Product Information [Line Items]
Concentration risk, percentage					20.00%	17.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customers [Member]
Product Information [Line Items]
Concentration risk, percentage					67.00%	71.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Recurring Customers [Member]
Product Information [Line Items]
Concentration risk, percentage					32.00%	45.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | New Customer [Member]
Product Information [Line Items]
Concentration risk, percentage					35.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Independent Distributors [Member]
Product Information [Line Items]
Concentration risk, percentage					33.00%	29.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | New Customers [Member]
Product Information [Line Items]
Concentration risk, percentage						26.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customers And Independent Distributors [Member]
Product Information [Line Items]
Concentration risk, percentage					86.00%	94.00%
Revenue Benchmark [Member] | Product Concentration Risk [Member] | Health And Wellness Products [Member]
Product Information [Line Items]
Concentration risk, percentage						99.00%
Purchases [Member] | Supplier Concentration Risk [Member] | Third Party [Member]
Product Information [Line Items]
Concentration risk, percentage					58.00%	98.00%
Purchases [Member] | Supplier Concentration Risk [Member] | Suppliers [Member]
Product Information [Line Items]
Concentration risk, percentage					41.00%
Services Offered on Subscription Basis [Member]
Product Information [Line Items]
Deferred sales revenue			76,722		$ 76,722		153,216
Customers Right of Return [Member]
Product Information [Line Items]
Deferred sales revenue			$ 68,831		$ 68,831		$ 95,780
Decentralized Sharing Systems Inc [Member] | Security Purchase Agreement [Member]
Product Information [Line Items]
Convertible Notes Payable	$ 30,000,000
Proceeds from loans	$ 15,000,000

SCHEDULE OF COMPUTATIONS OF BAS

SCHEDULE OF COMPUTATIONS OF BASIC AND DILUTED EARNINGS (LOSS) PER SHARE (Details) - USD ($)	3 Months Ended		9 Months Ended		11 Months Ended
	Dec. 31, 2021	Jan. 31, 2021	Dec. 31, 2021	Jan. 31, 2021	Mar. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net loss	$ (6,940,162)	$ (1,440,694)	$ (13,202,933)	$ (682,714)	$ (1,235,021)
Weighted average basic shares	192,112,139	177,722,157	188,051,336	173,572,531
Weighted average diluted shares	192,112,139	177,722,157	188,051,336	173,572,531
Basic	$ (0.04)	$ (0.01)	$ (0.07)	$ 0
Diluted	$ (0.04)	$ (0.01)	$ (0.07)	$ 0
Convertible Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average diluted shares
Convertible Notes [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average diluted shares
Stock Options and Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average diluted shares

SCHEDULE OF POTENTIALLY DILUTIV

SCHEDULE OF POTENTIALLY DILUTIVE INSTRUMENTS OUTSTANDING (Details) - shares	9 Months Ended
	Dec. 31, 2021	Jan. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potential incremental shares	260,217,476	70,627,585
Convertible Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potential incremental shares	7,630,800	23,855,915
Convertible Notes [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potential incremental shares	157,756,728	10,406,100
Stock Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potential incremental shares	94,829,948	36,365,570

EARNINGS (LOSS) PER SHARE (Deta

EARNINGS (LOSS) PER SHARE (Details Narrative) - USD ($)	9 Months Ended
	Dec. 31, 2021	Jan. 31, 2021
Loss per share:
Stock warrants held by employees	$ 3,750,000	$ 14,250,000

SCHEDULE OF INVENTORY (Details)

SCHEDULE OF INVENTORY (Details) - USD ($)	Dec. 31, 2021	Mar. 31, 2021
Inventory Disclosure [Abstract]
Finished Goods	$ 5,206,722	$ 2,556,368
Allowance for obsolescence	(388,431)	(85,058)
Inventory, net	$ 4,818,291	$ 2,471,310

INVENTORY (Details Narrative)

INVENTORY (Details Narrative) - USD ($)	Dec. 31, 2021	Mar. 31, 2021
Finished goods	$ 5,206,722	$ 2,556,368
South Korean Subsidiary [Member]
Finished goods	$ 2,000,000

SCHEDULE OF OTHER CURRENT ASSET

SCHEDULE OF OTHER CURRENT ASSETS (Details) - USD ($)	Dec. 31, 2021	Mar. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid interest, DSSI	$ 624,658
Inventory-related deposits	469,323	1,845,722
Employee advances	58,022	320,631
Prepaid expenses and other	612,058	237,281
Other current assets	$ 1,764,061	$ 2,403,634

SUMMARY OF INVESTMENT IN UNCONS

SUMMARY OF INVESTMENT IN UNCONSOLIDATED ENTITIES (Details) - USD ($)	Dec. 31, 2021	Mar. 31, 2021
Impairment Effects on Earnings Per Share [Line Items]
Investments	$ 6,183,856
G N T W Stock Warrant [Member]
Impairment Effects on Earnings Per Share [Line Items]
Investments	3,318,000
GNTW Common Stock [Member]
Impairment Effects on Earnings Per Share [Line Items]
Investments	365,390
Stemtech Convertible Note [Member]
Impairment Effects on Earnings Per Share [Line Items]
Investments	1,023,095
Moji Life LLC [Member]
Impairment Effects on Earnings Per Share [Line Items]
Investments	$ 1,477,371

INVESTMENT IN UNCONSOLIDATED _3

INVESTMENT IN UNCONSOLIDATED ENTITIES (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2021	Sep. 19, 2021	Mar. 31, 2021
Invested amount		$ 6,183,856	$ 6,183,856
Convertible debt		7,532,802	7,532,802		$ 134,393
Unrealized gains, before income tax		1,200,000	3,300,000
Security Purchase Agreement [Member] | Convertible Notes [Member]
Maturity date	Sep. 9, 2024
Debt interest rate				10.00%
Stemtech Corporation [Member] | Securities Purchase Agreement [Member]
Invested amount	$ 1,400,000
Convertible debt	$ 1,400,000
Globe Net Wireless Corp [Member]
Warrant expiration date	Sep. 13, 2024
Warrants to purchase common stock	1,400,000
Number of shares issued	154,173
Globe Net Wireless Corp [Member] | Security Purchase Agreement [Member]
Origination fee	$ 500,000
Moji Life LLC [Member]
Cash acquired in equity investment	$ 1,537,000
Equity in losses before income tax		$ 59,629	$ 59,629
Moji Life LLC [Member] | Membership Unit Purchase Agreement [Member]
Equity interest, percent	30.75%

SUMMARY OF PROPERTY AND EQUIPME

SUMMARY OF PROPERTY AND EQUIPMENT (Details) - USD ($)	Dec. 31, 2021	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Building and building improvements	$ 8,942,640
Computer software	779,363	734,510
Furniture and fixtures	231,976	230,685
Computer equipment	176,655	165,767
Leasehold improvements and other	297,933	138,529
Total property and equipment	10,428,567	1,269,491
Accumulated depreciation and amortization	(636,629)	(381,541)
Property and equipment, net	$ 9,791,938	$ 887,950

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	Dec. 08, 2021	Dec. 31, 2021	Jan. 31, 2021	Dec. 31, 2021	Jan. 31, 2021	Mar. 31, 2021
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense		$ 77,688	$ 43,735	$ 341,775	$ 128,336
Depreciation and amortization expense				$ 255,087	$ 161,663
Building [Member]
Property, Plant and Equipment [Line Items]
Office building purchased	$ 8,942,640
Land cost	$ 3,675,000
Estimated remaining useful life	28 years
Computer Software [Member]
Property, Plant and Equipment [Line Items]
Capitalized costs						$ 715,354
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Capitalized costs						$ 163,106

SUMMARY OF ACCRUED AND OTHER CU

SUMMARY OF ACCRUED AND OTHER CURRENT LIABILITIES (Details) - USD ($)	Dec. 31, 2021	Mar. 31, 2021
Payables and Accruals [Abstract]
Deferred sales revenues	$ 801,471	$ 1,449,359
Liability associated with uncertain tax positions	921,977	904,643
Accrued severance expense		700,000
Payroll and employee benefits	366,858	523,454
Settlement liability, current portion	341,919	376,921
Lease liability, current portion	272,018	373,398
Other operational accruals	601,730	499,639
Accrued and other current liabilities	$ 3,305,973	$ 4,827,414

SCHEDULE OF CONVERTIBLE NOTES P

SCHEDULE OF CONVERTIBLE NOTES PAYABLE (Details) - USD ($)	9 Months Ended	11 Months Ended
	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2019
Short-term Debt [Line Items]
Total convertible notes payable	$ 30,150,000	$ 150,000	$ 100,000
Less: unamortized debt discount and deferred financing fees	22,617,198	15,607
Convertible notes payable, net	7,532,802	134,393
Less: current portion of convertible notes payable	142,291	99,631
Long-term convertible notes payable	$ 7,390,511	$ 34,762
Maturity One [Member]
Short-term Debt [Line Items]
Convertible Notes Issuance Date	April 2021	April 2021
Convertible Notes Maturity Date	April 2024	April 2024
Convertible Notes Interest Rate	8.00%	8.00%
Conversion Price (per share)	$ 0.20	$ 0.20
Total convertible notes payable	$ 30,000,000
Maturity Two [Member]
Short-term Debt [Line Items]
Convertible Notes Issuance Date	October 2017	October 2017
Convertible Notes Maturity Date	October 2022	October 2022
Convertible Notes Interest Rate	12.00%	12.00%
Conversion Price (per share)		$ 0.15
Total convertible notes payable	$ 50,000	$ 50,000
Maturity Three [Member]
Short-term Debt [Line Items]
Convertible Notes Issuance Date	April 2018	April 2018
Convertible Notes Maturity Date	April 2021	April 2021
Convertible Notes Interest Rate	0.00%	0.00%
Conversion Price (per share)	$ 0.01	$ 0.01
Total convertible notes payable	$ 100,000	$ 100,000

CONVERTIBLE NOTES PAYABLE (Deta

CONVERTIBLE NOTES PAYABLE (Details Narrative) - USD ($)	Apr. 05, 2021	Sep. 30, 2021	May 31, 2020	Oct. 31, 2017	Dec. 31, 2021	Jan. 31, 2021	Dec. 31, 2021	Jan. 31, 2021	Mar. 31, 2021	Dec. 31, 2019
Short-term Debt [Line Items]
Convertible Promissory note					$ 30,150,000		$ 30,150,000		$ 150,000	$ 100,000
Proceeds from loan tansferred to detachable warrants			$ 1,000,000
Interest expense					3,112,039	$ 24,968	9,168,411	$ 42,367
Amortization of debt discount							9,173,753	15,362
Amortization of deferred financing costs					$ 251,825		$ 739,051
Common Class A [Member]
Short-term Debt [Line Items]
Common stock, par value					$ 0.0001		$ 0.0001		$ 0.0001
Common stock shares issued					238,923,969		238,923,969		160,100,769
Decentralized Sharing Systems Inc [Member]
Short-term Debt [Line Items]
Common stock shares for prepayment of interest							12,000,000
Decentralized Sharing Systems Inc [Member] | Security Purchase Agreement [Member]
Short-term Debt [Line Items]
Warrant issued to purchase of common stock shares	150,000,000
Convertible Promissory note	$ 30,000,000
Common stock, par value	$ 0.22
Proceeds from loan	$ 30,000,000
Loan origination fee	$ 3,000,000
Convertion price	$ 0.20
Interest rate	8.00%
Maturity date	Apr. 5, 2024
Convertion price at the option of the company	$ 0.20
Proceeds from loan tansferred to detachable warrants	$ 15,000,000
Proceeds from loan transferred to beneficial conversion	12,000,000
Deferred financing costs	$ 3,000,000
Common stock shares for payment of loan origination fee							15,000,000
Common stock shares for prepayment of interest							12,000,000
Deemed dividend							$ 1,080,000
Decentralized Sharing Systems Inc [Member] | Security Purchase Agreement [Member] | Common Class A [Member]
Short-term Debt [Line Items]
Common stock shares issued					27,000,000		27,000,000
HWH International Inc [Member]
Short-term Debt [Line Items]
Principal amount				$ 50,000
Warrant issued to purchase of common stock shares				333,333
Warrant exercise price				$ 0.15
Convertible Notes [Member]
Short-term Debt [Line Items]
Interest expense					$ 605,934	1,512	$ 1,779,353	4,537
Amortization of debt discount					$ 2,268,942	$ 5,121	$ 6,659,359	$ 15,363
Convertible Notes [Member] | Security Purchase Agreement [Member]
Short-term Debt [Line Items]
Maturity date		Sep. 9, 2024
Convertible Notes [Member] | HWH International Inc [Member]
Short-term Debt [Line Items]
Principal amount				$ 50,000
Debt conversion shares				333,333

SCHEDULE OF STATUTORY RATES FOR

SCHEDULE OF STATUTORY RATES FOR OUR DOMESTIC AND FOREIGN OPERATION (Details)	9 Months Ended
	Dec. 31, 2021	Jan. 31, 2021
Income tax statutory rate	21.00%	21.00%
UNITED STATES
Income tax statutory rate	21.00%	21.00%
KOREA, REPUBLIC OF
Income tax statutory rate	22.00%	22.00%

SCHEDULE OF INCOME TAX RATE REC

SCHEDULE OF INCOME TAX RATE RECONCILIATION RATE (Details)	9 Months Ended
	Dec. 31, 2021	Jan. 31, 2021
Income Tax Disclosure [Abstract]
Federal statutory rate	21.00%	21.00%
State and local income taxes	(0.90%)	(115.50%)
Valuation allowance	(37.50%)
Return to provision and other	6.30%	40.10%
Effective tax rate	(11.10%)	(134.60%)

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($) $ in Millions	9 Months Ended
	Dec. 31, 2021	Jan. 31, 2021
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	(11.10%)	(134.60%)
Deferred Tax Assets, Valuation Allowance	$ 4.5

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)	1 Months Ended	9 Months Ended
	Dec. 23, 2021	Dec. 31, 2021	Jul. 28, 2021	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares authorizied			1,000,000,000
Number of shares authorizied		200,000,000		200,000,000
Preferred stock par value		$ 0.0001		$ 0.0001
Investments		$ 6,183,856
Loan Orgination Fee [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Conversion of Stock, Shares Issued		15,000,000
Common Class A [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares authorizied		800,000,000		800,000,000
Common stock, par value		$ 0.0001		$ 0.0001
Conversion of Stock, Shares Converted		10,000
Common Stock, Shares, Outstanding		238,923,969		160,100,769
Common Stock, Shares, Issued		238,923,969		160,100,769
Series C Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Conversion of Stock, Shares Converted		10,000
Class A Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares issued for stock warrants exercise		1,813,200
Decentralized Sharing Systems Inc [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common Stock Shares For Payment Of Interest		12,000,000
Decentralized Sharing Systems Inc [Member] | Stock Purchase and Share Subscription Agreement [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Investments	$ 3,000,000
Warrants to purchase common stock	50,000,000
Decentralized Sharing Systems Inc [Member] | Common Class A [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued		27,000,000
Decentralized Sharing Systems Inc [Member] | Common Class A [Member] | Stock Purchase and Share Subscription Agreement [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of common stock exchanged	$ 50,000,000
Second Amended and Restated [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares authorizied			800,000,000
Number of shares authorizied			200,000,000
Second Amended and Restated [Member] | Ankit Consulting Services Inc [Member] | Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock, par value			$ 0.0001
Second Amended and Restated [Member] | Ankit Consulting Services Inc [Member] | Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock par value			$ 0.0001

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	Dec. 08, 2021	Dec. 23, 2021	Sep. 30, 2021	Oct. 31, 2017	Dec. 31, 2021	Dec. 31, 2021	Sep. 30, 2021	Jan. 31, 2021	Apr. 05, 2021	Mar. 31, 2021
Related Party Transaction [Line Items]
Loans Payable										$ 1,000,000
Investment in unconsolidated entities					$ 6,183,856	$ 6,183,856
Stock Issued During Period, Value, New Issues						5,400,000
Operating Lease, Liability					274,509	274,509				451,208
Right-of-use asset					258,790	258,790				428,075
Settlement Liabilities, Current					341,919	341,919				376,921
Alchemist Holdings L L C [Member]
Related Party Transaction [Line Items]
Settlement Liabilities, Current					715,596	715,596				$ 2,000,000
Stock Purchase and Share Subscription Agreement [Member] | Decentralized Sharing Systems Inc [Member]
Related Party Transaction [Line Items]
Deemed dividend share and warrants		$ 2,300,000
Sub Lease Agreement [Member]
Related Party Transaction [Line Items]
Rent expenses						$ 75,486
Common Class A [Member]
Related Party Transaction [Line Items]
Conversion of Stock, Shares Converted						10,000
Decentralized Sharing Systems Inc [Member]
Related Party Transaction [Line Items]
Debt Instrument, Face Amount									$ 30,000,000
Loans Payable									$ 30,000,000
Share price of common stock									$ 0.20
Shares issued on conversion of note						150,000,000
Payments to Acquire Productive Assets						$ 152,813		$ 68,643
Decentralized Sharing Systems Inc [Member] | Stock Purchase and Share Subscription Agreement [Member]
Related Party Transaction [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 0.063
Investment in unconsolidated entities					3,000,000	3,000,000
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right		50,000,000
Warrants term		5 years
Closing price		$ 0.075
Decentralized Sharing Systems Inc [Member] | Warrant [Member]
Related Party Transaction [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights									$ 0.22
Decentralized Sharing Systems Inc [Member] | Class A Common Stock [Member]
Related Party Transaction [Line Items]
Warrants to purchase common stock									150,000,000
Stock Issued During Period, Value, New Issues						$ 141,900,000
Stock issued during period shares stock warrants exercised						210,000,000
Decentralized Sharing Systems Inc [Member] | Common Class A [Member]
Related Party Transaction [Line Items]
Origination fee									$ 3,000,000
Decentralized Sharing Systems Inc [Member] | Common Class A [Member] | Stock Purchase and Share Subscription Agreement [Member]
Related Party Transaction [Line Items]
Number of common stock exchanged		$ 50,000,000
Alset Title [Member]
Related Party Transaction [Line Items]
Purchased an office building	$ 8,942,640
HWH International Inc [Member]
Related Party Transaction [Line Items]
Debt Instrument, Face Amount				$ 50,000
Warrants to purchase common stock				333,333
Class of Warrant or Right, Exercise Price of Warrants or Rights				$ 0.15
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right				333,333
Conversion of Stock, Shares Converted				333,333
HWH World Inc [Member]
Related Party Transaction [Line Items]
Operating Lease, Liability					303,322	$ 303,322
Right-of-use asset					303,322	303,322
Lease expense						129,113
Due to related parties					179,763	179,763
HWH World Inc [Member] | Advisory Agreement [Member]
Related Party Transaction [Line Items]
Professional Fees			$ 10,000
Consulting income					36,700	36,700
Impact Biomedical Inc [Member]
Related Party Transaction [Line Items]
Purchase aggregate value							$ 82,664
K Beauty Research Lab. Co., Ltd [Member]
Related Party Transaction [Line Items]
Due to Related Parties					$ 2,300,000	$ 2,300,000

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details Narrative) - USD ($)	1 Months Ended		3 Months Ended		9 Months Ended
	Jul. 31, 2020	Oct. 31, 2017	Dec. 31, 2021	Jan. 31, 2021	Dec. 31, 2021	Jan. 31, 2021	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Investments			$ 6,183,856		$ 6,183,856
Gain on employee warrants liability			154,488
Loss on employee warrants liability				$ 234,145
Gain (loss) on employee warrants liability			$ 154,487	$ (234,145)	$ 1,935,588	$ 672,230
HWH International Inc [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants to purchase common stock		333,333
Warrants exercise price		$ 0.15
Debt instrument face amount		$ 50,000
Conversion of stock, shares converted		333,333
Common Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Conversion of stock, shares converted					10,000
Stock Purchase and Share Subscription Agreement [Member] | Mr.Chan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Investments	$ 3,000,000
Stock Purchase and Share Subscription Agreement [Member] | Mr.Chan [Member] | Common Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common stock exchanged	$ 30,000,000
Warrants to purchase common stock	10,000,000
Warrants exercise price	$ 0.20

SCHEDULE OF OPERATING LEASE ASS

SCHEDULE OF OPERATING LEASE ASSETS AND LIABILITIES (Details) - USD ($)	Dec. 31, 2021	Mar. 31, 2021
Leases
Operating leases	$ 258,790	$ 428,075
Total lease assets	258,790	428,075
Operating leases	272,018	373,398
Operating leases	2,491	77,810
Total lease liability	$ 274,509	$ 451,208

SCHEDULE OF OPERATING LEASE COS

SCHEDULE OF OPERATING LEASE COSTS (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Jan. 31, 2021	Dec. 31, 2021	Jan. 31, 2021
Total lease cost	$ 54,463	$ 130,554	$ 349,165	$ 401,052
General and Administrative Expense [Member]
Total lease cost	54,463	130,554	349,165	401,052
Depreciation and Amortization [Member]
Total lease cost
Interest Expense [Member]
Total lease cost

SCHEDULE OF OPERATING LEASE LIA

SCHEDULE OF OPERATING LEASE LIABILITY PAYABLE (Details)	Dec. 31, 2021USD ($)
Leases
2022	$ 272,018
2023	2,491
2024-2026
Thereafter
Total lease liability	$ 274,509

LEASES (Details Narrative)

LEASES (Details Narrative)	Dec. 31, 2021
Leases
Remaining lease term	1 year
Discount rate	12.00%

SUMMARY OF FINANCIAL ASSETS AND

SUMMARY OF FINANCIAL ASSETS AND LIABILITIES (Details) - USD ($)	Dec. 31, 2021	Mar. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in unconsolidated entities	$ 6,183,856
Notes receivable	208,289	94,600
Total assets	6,392,145	94,600
Notes Payable		1,040,400
Convertible notes payable	13,567,292	134,393
Total liabilities	13,567,292	1,174,793
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in unconsolidated entities	365,390
Notes receivable
Total assets	365,390
Notes Payable
Convertible notes payable
Total liabilities
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in unconsolidated entities	4,341,095
Notes receivable
Total assets	4,341,095
Notes Payable
Convertible notes payable	13,425,000
Total liabilities	13,425,000
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in unconsolidated entities	1,477,371
Notes receivable	208,289	94,600
Total assets	1,685,660	94,600
Notes Payable		1,040,400
Convertible notes payable	142,292	134,393
Total liabilities	$ 142,292	$ 1,174,793

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Jan. 14, 2022	Jan. 10, 2022	Jan. 24, 2022	Jan. 26, 2022	Mar. 31, 2021
Subsequent Event [Line Items]
Loan amount funded immediately					$ 1,000,000
Subsequent Event [Member] | Moji Life LLC [Member]
Subsequent Event [Line Items]
Loan amount funded immediately	$ 150,000
Subsequent Event [Member] | Moji Life [Member]
Subsequent Event [Line Items]
Origination fee	0.50%
Bears interest	10.00%
Maturity date	Jan. 14, 2023
Debt Instrument, Periodic Payment, Principal	$ 8,833.33
Ownership Percentage	30.75%
Subsequent Event [Member] | Moji Life [Member] | Payable Maturity [Member]
Subsequent Event [Line Items]
Debt Instrument, Periodic Payment, Principal	$ 52,833.37
Subsequent Event [Member] | Business Consulting Agreement [Member]
Subsequent Event [Line Items]
Due to related parties			$ 600
Warrants to purchase common stock			500,000
Warrants exercisable date			Jan. 24, 2027
Warrant exercise price			$ 0.000001
Subsequent Event [Member] | Business Consulting Agreement [Member] | Moji Life LLC [Member]
Subsequent Event [Line Items]
Monthly fee		$ 10,000
Subsequent Event [Member] | Loan Agreement [Member] | 1044Pro LLC [Member]
Subsequent Event [Line Items]
Loan amount funded immediately				$ 125,000
Bears interest				10.00%
Principal amount				$ 250,000