Cover
Cover - shares | 3 Months Ended | |
Jun. 30, 2021 | Aug. 13, 2021 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Jun. 30, 2021 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2021 | |
Current Fiscal Year End Date | --03-31 | |
Entity File Number | 000-11882 | |
Entity Registrant Name | B2Digital, Incorporated | |
Entity Central Index Key | 0000725929 | |
Entity Tax Identification Number | 84-0916299 | |
Entity Incorporation, State or Country Code | DE | |
Entity Address, Address Line One | 4522 West Village Drive | |
Entity Address, Address Line Two | Suite 215 | |
Entity Address, City or Town | Tampa | |
Entity Address, State or Province | FL | |
Entity Address, Postal Zip Code | 33624 | |
City Area Code | (813) | |
Local Phone Number | 961-3051 | |
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 | 1,381,890,550 |
Consolidated Balance Sheets (Un
Consolidated Balance Sheets (Unaudited) - USD ($) | Jun. 30, 2021 | Mar. 31, 2021 |
Current assets | ||
Cash and cash equivalents | $ 111,785 | $ 122,176 |
Deposits and prepaid expenses | 28,912 | 10,681 |
Total current assets | 140,697 | 132,857 |
Notes receivable and other receivables | 44,689 | 35,400 |
Operating lease right-of-use asset | 1,765,876 | 1,575,792 |
Property and equipment, net of accumulated depreciation | 1,136,243 | 944,999 |
Intangible assets, net of accumulated amortization | 245,013 | 224,890 |
Total Assets | 3,332,518 | 2,913,938 |
Current liabilities | ||
Accounts payable & accrued liabilities | 400,398 | 213,663 |
Contract liabilities | 84,608 | 119,504 |
Note payable- current maturity | 295,600 | 158,200 |
Note payable- in default | 14,000 | 14,000 |
Payable due for business acquisitions | 42,906 | 40,000 |
Convertible notes payable | 1,500,861 | 1,074,733 |
Derivative liabilities | 788,069 | 1,137,623 |
Lease liability, net of discounts, current | 341,974 | 264,165 |
Total current liabilities | 3,468,416 | 3,021,888 |
Lease liability, long-term | 1,456,108 | 1,319,457 |
Note payable- long-term | 96,947 | 105,929 |
Total Liabilities | 5,021,471 | 4,447,274 |
Commitments and contingencies (Note 13) | ||
Stockholders' Deficit | ||
Common stock, $0.00001 par value; 5,000,000,000 shares authorized; 1,306,890,550 and 1,081,390,550 shares issued and outstanding at June 30, 2021 and March 31, 2021, respectively | 13,070 | 10,815 |
Additional paid in capital | 8,556,152 | 7,652,677 |
Accumulated deficit | (10,258,595) | (9,197,248) |
Total Stockholders' Deficit | (1,688,953) | (1,533,336) |
Total Liabilities and Stockholders' Deficit | 3,332,518 | 2,913,938 |
Series A Preferred Stock [Member] | ||
Stockholders' Deficit | ||
Preferred Stock, Value, Issued | 20 | 20 |
Series B Preferred Stock [Member] | ||
Stockholders' Deficit | ||
Preferred Stock, Value, Issued | $ 400 | $ 400 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Jun. 30, 2021 | Mar. 31, 2021 |
Preferred stock shares authorized | 50,000,000 | 50,000,000 |
[custom:PreferredStockUndesignated-0] | 8,000,000 | 8,000,000 |
Common stock par value | $ 0.00001 | $ 0.00001 |
Common stock shares authorized | 5,000,000,000 | 5,000,000,000 |
Common stock shares issued | 1,306,890,550 | 1,081,390,550 |
Common stock shares outstanding | 1,306,890,550 | 1,081,390,550 |
Series A Preferred Stock [Member] | ||
Preferred stock shares issued | 240 | 240 |
Preferred stock shares outstanding | 240 | 240 |
Series B Preferred Stock [Member] | ||
Preferred stock shares issued | 0 | 0 |
Preferred stock shares outstanding | 0 | 0 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Revenue: | ||
Total revenue | $ 568,765 | $ 60,021 |
Cost of sales | 203,502 | 1,312 |
Gross profit | 365,263 | 58,709 |
General and administrative corporate expenses | ||
General & administrative expenses | 1,553,880 | 164,788 |
Depreciation and amortization expense | 88,049 | 32,972 |
Total general and administrative corporate expenses | 1,641,929 | 197,760 |
Loss from operations | (1,276,666) | (139,051) |
Other income (expense): | ||
Gain on forgiveness of loan | 23,303 | 5,040 |
Grant income | 0 | 2,000 |
Gain on sale of assets | 230 | 0 |
Gain on extinguishment of debt | 80,741 | 0 |
Loss on settlement of debt | 0 | (18,281) |
Gain (loss) on change in fair value of derivative liabilities | 310,871 | (275,432) |
Interest expense | (199,826) | (69,782) |
Total other income (expense) | 215,319 | (356,455) |
Net loss | $ (1,061,347) | $ (495,506) |
Basic and diluted earnings per share on net loss | $ 0 | $ 0 |
Weighted average shares outstanding | 1,207,948,242 | 550,425,206 |
Live Events [Member] | ||
Revenue: | ||
Total revenue | $ 235,591 | $ 59 |
Gym [Member] | ||
Revenue: | ||
Total revenue | $ 333,174 | $ 59,962 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Stockholders' Equity (Deficit) (Unaudited) - USD ($) | Preferred Stock Series A [Member] | Preferred Stock Series B [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Mar. 31, 2020 | $ 20 | $ 5,394 | $ 3,600,197 | $ (3,816,978) | $ (211,367) | |
Beginning balance, shares at Mar. 31, 2020 | 2,000,000 | 539,267,304 | ||||
Sale of common stock for cash | $ 40 | 14,360 | 14,400 | |||
[custom:SaleOfCommonStockForCashShares] | 4,000,000 | |||||
Conversion of notes payable | $ 163 | 55,459 | 55,622 | |||
Stock Issued During Period, Shares, Conversion of Convertible Securities | 16,292,915 | |||||
Net Loss | (495,506) | (495,506) | ||||
Ending balance, value at Jun. 30, 2020 | $ 20 | $ 5,597 | 3,670,016 | (4,312,484) | (636,851) | |
Ending balance, shares at Jun. 30, 2020 | 2,000,000 | 559,560,219 | ||||
Beginning balance, value at Mar. 31, 2021 | $ 20 | $ 400 | $ 10,815 | 7,652,677 | (9,197,248) | (1,533,336) |
Beginning balance, shares at Mar. 31, 2021 | 2,000,000 | 40,000,000 | 1,081,390,550 | |||
Sale of common stock | $ 2,200 | 877,800 | 880,000 | |||
Sale of common stock, shares | 220,000,000 | |||||
Issuance of common stock for services | $ 55 | 23,595 | 23,650 | |||
Issuance of common stock for services, shares | 5,500,000 | |||||
Issuance of convertible notes | 2,080 | 2,080 | ||||
Net Loss | (1,061,347) | (1,061,347) | ||||
Ending balance, value at Jun. 30, 2021 | $ 20 | $ 400 | $ 13,070 | $ 8,556,152 | $ (10,258,595) | $ (1,688,953) |
Ending balance, shares at Jun. 30, 2021 | 2,000,000 | 40,000,000 | 1,306,890,550 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Cash Flows from Operating Activities | ||
Net Loss | $ (1,061,347) | $ (495,506) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Stock compensation | 23,650 | 14,400 |
Depreciation and amortization | 88,049 | 32,972 |
Loss on settlement of debt | 0 | 18,281 |
Gain on forgiveness of loan | (23,303) | 0 |
Gain on settlement of debt | 0 | (5,040) |
Gain on sale of assets | (230) | 0 |
Gain on extinguishment of debt | (80,741) | 0 |
Interest expense on extinguishment of debt | 8,246 | 0 |
Amortization of debt discount | 155,736 | 51,651 |
Change in fair value of derivative liabilities | (310,871) | 275,432 |
Right-of-use asset/liability | 24,376 | 0 |
Changes in operating assets & liabilities | ||
Prepaid expenses | (18,231) | 140 |
Accounts receivable | (9,289) | 0 |
Accounts payable and accrued liabilities | 193,027 | (6,948) |
Deferred revenue | (34,896) | 7,293 |
Net cash used in operating activities | (1,045,826) | (107,325) |
Cash Flows from Investing Activities | ||
Business acquisitions | (125,000) | 0 |
Payments to related parties | 0 | (470) |
Capital expenditures | (174,184) | (1,084) |
Net cash used in investing activities | (299,184) | (1,554) |
Cash Flows from Financing Activities | ||
Proceeds from notes payable | 153,000 | 122,800 |
Proceeds from convertible notes payable | 370,181 | 0 |
Repayments related to payable due for business combinations | 0 | (5,000) |
Repayments of notes payable | (2,347) | 0 |
Repayments of convertible notes payable | (65,372) | 0 |
Payment to note payable | (843) | (63) |
Issuance of common stock | 880,000 | 0 |
Net cash provided by financing activities | 1,334,619 | 117,737 |
Decrease in Cash | (10,391) | 8,858 |
Cash at beginning of period | 122,176 | 46,729 |
Cash (and equivalents) at end of period | 111,785 | 55,587 |
Supplemental Cash Flow Information | ||
Cash paid for interest | 2,319 | 0 |
Cash paid for income taxes | 0 | 0 |
Non-cash investing and financing activities: | ||
23,000,000 shares of common stock issued for business combination | 0 | 147,200 |
29,454,800 shares returned in exchange for forgiveness of loan receivable | $ 0 | $ 644,441 |
ORGANIZATION AND NATURE OF BUSI
ORGANIZATION AND NATURE OF BUSINESS | 3 Months Ended |
Jun. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION AND NATURE OF BUSINESS | NOTE 1 - ORGANIZATION AND NATURE OF BUSINESS In February 2017, the Board of Directors of B2Digital, Incorporated ("B2Digital" or the "Company") approved a complete restructuring, new management team and strategic direction for the Company. Capitalizing on its history in television, video and technology, the Company is now forging ahead and becoming a full-service live event sports company. B2Digital's first strategy is to build an integrated live event Minor League for the Mixed Martial Arts (MMA) marketplace. B2Digital will be creating and developing Minor League champions that will move on to the MMA Major Leagues from the B2 Fighting Series (B2FS). This will be accomplished by sponsoring operating live events, acquiring existing MMA promotions and then inviting those champions to the B2FS Regional and National Championship Series. B2Digital will own all media and merchandising rights and digital distribution networks for the B2FS. 2017 marked the kickoff of the B2FS by sponsoring and acquiring MMA regional promotion companies for the development of the B2FS. The second strategy is that the Company plans to add additional sports, leagues, tournaments and special events to its live event business model. This will enable B2Digital to capitalize on their core technologies and business models that will be key to broadening the revenue base of the Company's live event core business. B2Digital will also be developing and expanding the B2Digital live event systems and technologies. These include systems for event management, digital ticketing sales, digital video distribution, digital marketing, Pay-Per View (PPV), fighter management, merchandise sales, brand management and financial control systems. Basis of Presentation and Consolidation The Company has eleven wholly-owned subsidiaries. Hardrock Promotions LLC which owns Hardrock MMA in Kentucky, Colosseum Combat LLC which owns Colosseum Combat MMA in Indiana, United Combat League MMA LLC, Pinnacle Combat LLC, Strike Hard Productions, LLC, ONE More Gym LLC, One More Gym Merrillville LLC, One More Gym Valparaiso LLC, One More Gym Tuscaloosa LLC, One More Gym Birmingham, Inc. and B2 Productions LLC. The consolidated financial statements, which include the accounts of the Company and its eleven wholly-owned subsidiaries, are prepared in conformity with generally accepted accounting principles in the United States of America (“U.S. GAAP”). All significant intercompany balances and transactions have been eliminated. The consolidated financial statements, which include the accounts of the Company and its eight wholly-owned subsidiaries, and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The Financial Statements have been prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and presented in US dollars. The fiscal year end is March 31. |
ACCOUNTING POLICIES
ACCOUNTING POLICIES | 3 Months Ended |
Jun. 30, 2021 | |
Accounting Policies [Abstract] | |
ACCOUNTING POLICIES | NOTE 2 - ACCOUNTING POLICIES The significant accounting policies of the Company are as follows: Basis of Accounting The interim consolidated financial statements are condensed and should be read in conjunction with the Company’s latest annual financial statements; interim disclosures generally do not repeat those in the annual statements. The interim unaudited consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). In the opinion of management, the unaudited interim consolidated financial statements reflect all adjustments of a normal recurring nature that are necessary for a fair presentation of the results for the interim periods presented. Interim results are not necessarily indicative of results for a full year. Use of Estimates Management uses estimates and assumptions in preparing financial statements. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. The most significant assumptions and estimates relate to the valuation of derivative liabilities and the valuation of assets and liabilities acquired through business combinations. Actual results could differ from these estimates and assumptions. Cash and Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. The Company maintains deposits primarily in four financial institutions, which may at times exceed amounts covered by insurance provided by the U.S. Federal Deposit Insurance Corporation ("FDIC"). The Company has not experienced any losses related to amounts in excess of FDIC limits or $250,000. The Company did no Fair Value of Financial Instruments The Company’s financial instruments consist primarily of accounts payable and accrued liabilities. The carrying amounts of such financial instruments approximate their respective estimated fair value due to the short-term maturities and approximate market interest rates of these instruments. The three levels of valuation hierarchy are defined as follows: Level 1 Level 2 Level 3 The Company analyzes all financial instruments with features of both liabilities and equity under ASC 480, “Distinguishing Liabilities from Equity,” and ASC 815. Property and Equipment Property and equipment are carried at cost. Depreciation is provided on the straight-line method over the assets’ estimated service lives. Expenditures for maintenance and repairs are charged to expense in the period in which they are incurred, and betterments are capitalized. The cost of assets sold or abandoned and the related accumulated depreciation are eliminated from the accounts and any gains or losses are reflected in the accompanying consolidated statement of operations of the respective period. The estimated useful lives range from 3 to 7 years Goodwill Goodwill represents the cost in excess of the fair value of net assets acquired in business combinations. The Company tests goodwill for impairment on an annual basis and when events or changes in circumstances indicate that the carrying amount may not be recoverable. Goodwill is deemed to be impaired if the carrying amount of goodwill exceeds its estimated fair value. During the three months ended June 30, 2021, the Company did no Other income During the three months ended June 30, 2020, the Company received $ 2,000 Revenue Recognition Revenue is recognized when a customer obtains control of promised goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amount of revenue that is recorded reflects the consideration that the Company expects to receive in exchange for those goods. The Company applies the following five-step model in order to determine this amount: (i) identification of the promised goods in the contract; (ii) determination of whether the promised goods are performance obligations, including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation. The Company only applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. Once a contract is determined to be within the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606 at contract inception, the Company reviews the contract to determine which performance obligations the Company must deliver and which of these performance obligations are distinct. The Company recognizes as revenues the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied. The majority of revenues are received from ticket and beverage sales before and during the live events. Sponsorship revenue is also recognized when the live event takes place. Any revenue received for events that have yet to take place are recorded in deferred revenue. Income Taxes The Company follows Section 740-10-30 of the FASB ASC, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the consolidated financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the consolidated financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the fiscal year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the fiscal years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the consolidated Statements of Operations in the period that includes the enactment date. Through June 30, 2021, the Company has an expected loss. Due to uncertainty of realization for these losses, a full valuation allowance is recorded. Accordingly, no provision has been made for federal income taxes in the accompanying consolidated financial statements. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk are cash, accounts receivable and other receivables arising from its normal business activities. The Company places its cash in what it believes to be credit-worthy financial institutions. The Company controls credit risk related to accounts receivable through credit approvals, credit limits and monitoring procedures. The Company routinely assesses the financial strength of its customers and, based upon factors surrounding the credit risk, establishes an allowance, if required, for uncollectible accounts and, as a consequence, believes that its accounts receivable credit risk exposure beyond such allowance is limited. In addition, Receivables that are factored through the Company's Receivable finance facility are guaranteed by the finance company that further mitigates Credit Risk. Impairment of Long-Lived Assets In accordance with ASC 360-10, the Company, on a regular basis, reviews the carrying amount of long-lived assets for the existence of facts or circumstances, both internally and externally, that suggest impairment. The Company determines if the carrying amount of a long-lived asset is impaired based on anticipated undiscounted cash flows, before interest, from the use of the asset. In the event of impairment, a loss is recognized based on the amount by which the carrying amount exceeds the fair value of the asset. Fair value is determined based on appraised value of the assets or the anticipated cash flows from the use of the asset, discounted at a rate commensurate with the risk involved. There were no impairment charges recorded during the three months ended June 30, 2021 and 2020. Inventory Inventories are valued at the lower of cost (determined on a weighted average basis) or market. Management compares the cost of inventories with the market value and allowance is made to write down inventories to market value, if lower. As of June 30, 2021 and March 31, 2021, the Company had no Earnings Per Share (EPS) The Company utilize FASB ASC 260, “Earnings per Share.” Basic earnings (loss) per share is computed by dividing earnings (loss) available to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings (loss) per share is computed similar to basic earnings (loss) per share except that the denominator is increased to include additional common shares available upon exercise of stock options and warrants using the treasury stock method, except for periods of operating loss for which no common share equivalents are included because their effect would be anti-dilutive. As of June 30, 2021 the convertible notes are indexed to 559,931,126 The following table sets for the computation of basic and diluted earnings per share the three months ended June 30, 2021 and 2020: Schedule of Earnings Per Share, Basic and Diluted June 30, 2021 June 30, 2020 Basic and diluted Net loss $ (1,061,347 ) $ (495,506 ) Net loss per share Basic $ (0.00 ) $ (0.00 ) Diluted $ (0.00 ) $ (0.00 ) Weighted average number of shares outstanding: Basic & diluted 1,207,948,242 550,425,206 Stock Based Compensation The Company records stock-based compensation in accordance with the provisions of FASB ASC Topic 718, “Accounting for Stock Compensation,” which establishes accounting standards for transactions in which an entity exchanges its equity instruments for goods or services. In accordance with guidance provided under ASC. Topic 718, the Company recognizes an expense for the fair value of its stock awards at the time of grant and the fair value of its outstanding stock options as they vest, whether held by employees or others. As of June 30, 2021 there were no On June 20, 2018, the FASB issued ASU 2018-07, Compensation—Stock Compensation Recently Adopted Accounting Pronouncements In September 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments (Topic 326), which replaces the incurred-loss impairment methodology and requires immediate recognition of estimated credit losses expected to occur for most financial assets, including trade receivables. Credit losses on available-for-sale debt securities with unrealized losses will be recognized as allowances for credit losses limited to the amount by which fair value is below amortized cost. ASU 2016-13 is effective for the Company beginning April 1, 2023 and early adoption is permitted. The Company does not believe the potential impact of the new guidance and related codification improvements will be material to its financial position, results of operations and cash flows. The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the consolidated financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
GOING CONCERN
GOING CONCERN | 3 Months Ended |
Jun. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 3 – GOING CONCERN The accompanying financial statements have been prepared on a going concern basis. For the three months ended June 30, 2021, the Company had a net loss of $ 1,061,347 1,045,826 3,327,719 10,258,595 1,688,953 |
REVENUE
REVENUE | 3 Months Ended |
Jun. 30, 2021 | |
Revenue from Contract with Customer [Abstract] | |
REVENUE | NOTE 4 – REVENUE The Company recognizes as revenues the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied. The majority of revenues are received from live events, which primarily include ticket and beverage sales before and during the live events. Sponsorship revenue is also recognized when the live event takes place. Any revenue received for events that have yet to take place are recorded in deferred revenue. Gym revenue comprises primarily of membership dues and subscription. Other gym revenue includes personal training, group fitness and meal planning. Information about the Company’s net sales by revenue type for the three months ended June 30, 2021 and 2020 are as follows: Schedule of revenue For the three months ended June 30, June 30, 2021 (Unaudited) 2020 (Unaudited) Live events $ 235,591 $ 59 Gym revenue 333,174 59,962 Net sales $ 568,765 $ 60,021 Information about the Company’s contract liabilities for the three months ended June 30, 2021 and 2020 are as follows: Schedule of deferred revenue As of June 30, June 30, 2021 2020 Balance at beginning of year $ 119,504 $ 13,992 Deferral of revenue 169,798 37,960 Recognition of unearned revenue (204,694 ) (30,668 ) Balance at June 30 $ 84,608 $ 21,284 |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 3 Months Ended |
Jun. 30, 2021 | |
Property, Plant and Equipment [Abstract] | |
PROPERTY AND EQUIPMENT | NOTE 5 – PROPERTY AND EQUIPMENT Property and equipment, net, consisted of the following at June 30, 2021 and March 31, 2021: Property and equipment June 30, 2021 March 31, 2021 Gym equipment $ 505,715 $ 420,880 Cages 146,509 132,350 Event assets 104,270 92,117 Furniture and fixtures 16,766 16,766 Production truck gear 11,740 11,740 Production equipment 47,875 32,875 Venue lighting system 38,266 37,250 Leasehold improvements 117,541 43,712 Electronics hardware and software 133,378 124,624 Trucks trailers and vehicles 241,278 197,921 1,363,338 1,110,235 Less: accumulated depreciation (227,095 ) (165,236 ) $ 1,136,243 $ 944,999 Depreciation expense related to these assets for the three months ended June 30, 2021 and 2020 amounted to $ 61,859 18,943 |
INTANGIBLE ASSETS
INTANGIBLE ASSETS | 3 Months Ended |
Jun. 30, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
INTANGIBLE ASSETS | NOTE 6 – INTANGIBLE ASSETS Intangible assets, net, consisted of the following: Intangible assets As of As of June 30, 2021 March 31, 2021 Licenses $ 142,248 $ 142,248 Customer relationships 216,343 170,031 Software development 12,585 12,585 371,176 324,864 Less: accumulated amortization (126,163 ) (99,974 ) $ 245,013 $ 224,890 Licenses are amortized over five 3 26,190 14,029 Estimated amortization expense Estimated amortization expense for each of the next five years: Fiscal year ended March 31, 2022 $ 78,569 Fiscal year ended March 31, 2023 97,842 Fiscal year ended March 31, 2024 61,533 Fiscal year ended March 31, 2025 7,069 Total $ 245,013 |
BUSINESS ACQUISITIONS
BUSINESS ACQUISITIONS | 3 Months Ended |
Jun. 30, 2021 | |
Business Combination and Asset Acquisition [Abstract] | |
BUSINESS ACQUISITIONS | NOTE 7 – BUSINESS ACQUISITIONS Club Fitness, LLC On April 1, 2021, the Company entered into an agreement for the acquisition of 100% of the equity interest in Club Fitness LLC. The purchase price was $125,000 in cash. The acquisition closed in April 2021. Business combination purchase allocation Consideration Cash $ 125,000 Fair values of identifiable net assets: Property & equipment: Gym equipment $ 76,689 Intangible assets: Customer relationships 46,311 Total fair value of identifiable net assets $ 125,000 The Company analyzed the acquisition under applicable guidance and determined that the acquisition should be accounted for as a business combination. The fair value of the net identifiable assets consisted of gym equipment of $76,689. The Company assigned a fair value of $46,311 in intangible assets – customer relationships. The intangible assets – customer relationships are being amortized over their estimated life, currently expected to be three years. |
NOTES PAYABLE
NOTES PAYABLE | 3 Months Ended |
Jun. 30, 2021 | |
Notes Payable | |
NOTES PAYABLE | NOTE 8 - NOTES PAYABLE The following is a summary of notes payable as of June 30, 2021 and March 31, 2021: Schedule of notes payable As of As of June 30, March 31, 2021 2021 Notes payable - current maturity: Note Payable PPP SBA Loan $ – $ 15,600 SBA EIDL Loan 10,000 10,000 SBA Loan Payable B2Digital 97,200 97,200 Notes payable – in default: Emry Capital $ 14,000 4 14,000 14,000 Notes payable – long term: WLES LP LLC $ 60,000 5 30,000 30,000 Brian Cox 401K 10,533 12,882 SBA Loan (Hillcrest) 35,400 35,400 SBA Loan (One More Gym, LLC) 56,414 63,047 GS Capital, LLC 153,000 – Total notes payable 406,547 278,129 Less: long-term (96,947 ) (105,929 ) Total $ 309,600 $ 172,200 On May 8, 2020, WLES LP LLC converted $30,000 of its $60,000 notes payable into 12,000,000 shares of common stock. As a result, the Company recorded a loss on settlement of debt in the amount of $ 18,281 During the three months ended June 30, 2021, the Company incurred $4,603 in interest expense related to notes payable. During the three months ended June 30, 2021, the Company repaid $ 2,347 During the three months ended June 30, 2021, the bank forgave $6,634 in principal and $1,069 in accrued interest on its SBA Loan (One More Gym, LLC). As a result, the Company recorded $ 7,703 During the three months ended June 30, 2021 the bank forgave the Company’s PPP loan of $15,600. No interest was accrued as of the payoff date. As a result, the Company recorded $ 15,600 |
CONVERTIBLE NOTES PAYABLE
CONVERTIBLE NOTES PAYABLE | 3 Months Ended |
Jun. 30, 2021 | |
Debt Disclosure [Abstract] | |
CONVERTIBLE NOTES PAYABLE | NOTE 9 – CONVERTIBLE NOTES PAYABLE The following is a summary of convertible notes payable as of June 30, 2021: Convertible note payable Note* Inception Date Maturity Coupon Face Value Unamortized Discount Carrying Value Note 5 1/27/2020 1/27/2021 8 $ 202,400 $ – $ 202,400 Note 6 2/19/2020 2/19/2021 8 85,800 – 85,800 Note 7 3/10/2020 3/10/2021 8 85,800 – 85,800 Note 8 8/4/2020 8/4/2021 8 156,000 9,379 146,621 Note 9 10/2/2020 10/2/2021 8 205,000 37,415 167,585 Note 10 10/15/2020 10/15/2021 8 172,000 27,964 144,036 Note 11 11/2/2020 11/2/2021 8 69,000 13,114 55,886 Note 12 11/12/2020 11/12/2021 8 69,000 8,318 60,682 Note 14 12/10/2020 12/10/2021 8 80,000 16,515 63,485 Note 16 1/14/2021 1/14/2022 8 107,000 23,068 83,932 Note 17 1/27/2021 1/27/2021 8 60,000 15,969 44,031 Note 18 2/3/2021 2/3/2022 8 45,250 33,439 11,811 Note 19 2/12/2021 2/12/2022 8 69,000 47,402 21,598 Note 20 4/30/2021 4/30/2022 8 104,000 3,343 100,657 Note 21 5/25/2021 5/25/2022 8 104,000 5,586 98,414 Note 22 6/24/2021 6/24/2022 8 185,652 57,529 128,123 Total $ 1,799,902 $ 299,041 $ 1,500,861 * Notes 1, 2, 3 and 4 in the amounts of $82,000, $208,000, $27,000 and $62,000, respectively, were fully converted as of March 31, 2021. Between April 1, 2021 and June 30, 2021, the Company issued to “accredited investors,” Convertible Promissory Notes aggregating a principal amount of $ 393,652 370,181 23,471 The outstanding principal amount of the Notes is convertible into the Company’s common stock at the lender’s option at $0.01 per share for the first six months of the term of the Notes. After the six-month anniversary, the conversion price is equal to 63% of the average of the three lowest trading prices of the Company’s common stock. Accounting Considerations The Company has accounted for the Notes as a financing transaction, wherein the net proceeds that were received were allocated to the financial instrument issued. Prior to making the accounting allocation, the Company evaluated the agreement under ASC 815 Derivatives and Hedging The net proceeds were allocated to the compound embedded derivative and original issue discount. The notes will be amortized up to its face value over the life of Notes based on an effective interest rate. Amortization expense and interest expense for the three months ended June 30, 2021 is as follows: Amortization expense, interest expense and accrued interest Note Interest Expense Accrued Interest Amortization of Debt Discount Unamortized Note 5 $ 8,730 $ 30,132 $ – $ – Note 6 3,850 11,800 – – Note 7 3,850 10,979 – – Note 8 3,111 11,283 13,022 9,379 Note 9 4,089 12,176 30,586 37,415 Note 10 3,431 9,726 17,947 27,964 Note 11 1,376 3,630 8,172 13,114 Note 12 1,376 3,478 5,573 8,318 Note 14 1,596 3,542 8,224 16,515 Note 15 12 – 43,661 – Note 16 2,134 3,916 8,296 23,068 Note 17 1,198 2,026 5,469 15,969 Note 18 903 1,459 5,169 33,439 Note 19 1,376 2,087 8,468 47,402 Note 20 1,390 1,390 656 3,343 Note 21 821 821 493 5,586 Note 22 244 244 – 57,529 $ 39,487 $ 108,689 $ 155,736 $ 299,041 As of June 30, 2021, Note 5, Note 6, and Note 7 are considered in default. Upon an event of default, the interest accrues at 18%. Additionally, upon non-payment at maturity, the principal increases by 10%. The principal on Note 5 increased by $ 18,400 7,800 7,800 |
DERIVATIVE FINANCIAL INSTRUMENT
DERIVATIVE FINANCIAL INSTRUMENTS | 3 Months Ended |
Jun. 30, 2021 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
DERIVATIVE FINANCIAL INSTRUMENTS | NOTE 10 – DERIVATIVE FINANCIAL INSTRUMENTS The following tables summarize the components of the Company’s derivative liabilities and linked common shares as of June 30, 2021: Schedule of derivative liabilities June 30, 2021 The financings giving rise to derivative financial instruments Indexed Fair Compound embedded derivatives 559,931,126 $ (788,069 ) Total 559,931,126 $ (788,069 ) The following tables summarize the components of the Company’s derivative liabilities and linked common shares as of June 30, 2020: June 30, 2020 The financings giving rise to derivative financial instruments Indexed Fair Compound embedded derivatives 277,598,000 $ (334,222 ) Total 277,598,000 $ (334,222 ) The following table summarizes the effects on the Company’s gain (loss) associated with changes in the fair values of the derivative financial instruments by type of financing for the three months ended June 30, 2021: The financings giving rise to derivative financial instruments and the income effects: June 30, 2021 Compound embedded derivatives $ 310,871 Total gain (loss) $ 310,871 The following table summarizes the effects on the Company’s gain (loss) associated with changes in the fair values of the derivative financial instruments by type of financing for the three months ended June 30, 2020: The financings giving rise to derivative financial instruments and the income effects: June 30, 2020 Compound embedded derivatives $ (275,432 ) Total gain (loss) $ (275,432 ) The Company’s Convertible Promissory Notes issued between October 4, 2019 and June 24, 2021 gave rise to derivative financial instruments. The notes embodied certain terms and conditions that were not clearly and closely related to the host debt agreement in terms of economic risks and characteristics. These terms and features consist of the embedded conversion option. Current accounting principles that are provided in ASC 815 - Derivatives and Hedging Significant inputs and results arising from the Monte Carlo Simulations process are as follows for the embedded derivatives that have been bifurcated from the Convertible Notes and classified in liabilities: Significant inputs June 30, 2021 Quoted market price on valuation date $ 0.0041 Contractual conversion rate $ 0.0027 0.01 Contractual term to maturity 0.095 Years – 1.0 Years Market volatility: Equivalent Volatility 21.33% - 230.47% Interest rate 8.0 The following table reflects the issuances of compound embedded derivatives and the changes in fair value inputs and assumptions related to the compound embedded derivatives during the period ended June 30, 2021 and March 31, 2021. Schedule of changes in fair value of derivatives June 30, March 31, 2021 2021 Beginning balance $ 1,137,623 $ 58,790 Issuances: Compound embedded derivatives 42,058 732,416 Conversions – (859,352 ) Derivative extinguished / debt repaid in cash (80,740 ) (126,892 ) Loss (gain) on changes in fair value inputs and assumptions reflected in income (310,871 ) 1,332,661 Total $ 788,069 $ 1,137,623 |
EQUITY
EQUITY | 3 Months Ended |
Jun. 30, 2021 | |
Equity [Abstract] | |
EQUITY | NOTE 11 - EQUITY Preferred Stock There are 50,000,000 shares authorized as preferred stock, of which 40,000,000 are designated as Series B and 2,000,000 are designated as Series A. 8,000,000 shares have yet to be designated. All 2,000,000 shares of Series A preferred are issued and outstanding. Each share of Series A preferred is convertible into 240 shares of common stock. The Series A Preferred Stock votes with the Common Stock on all matters to be voted on by the common stock on an as-converted basis. On such matters, each holder of Series A Preferred Stock is entitled to 240 votes for each share of Series A Preferred Stock held by such shareholder. On November 23, 2020, as part of an Employment Agreement, the Company’s Chief Executive Officer received 40,000,000 320,000 80,000,000 Common Stock Common Stock Issuances for the three months ended June 30, 2020 On April 23, 2020, the Company issued 4,000,000 25,600 On May 14, 2020, the Company sold 1,562,500 10,000 On May 25, 2020, the Company sold 11,718,750 75,000 On June 1, 2020, the Company issued 67,000,000 428,800 On June 1, 2020, the Company issued 6,000,000 39,000 Common Stock Issuances for the three months ended June 30, 2021 On April 1, 2021, the Company issued 50,000,000 200,000 On April 10, 2021, the Company issued 25,000,000 100,000 On April 14, 2021, the Company issued 13,750,000 55,000 On May 13, 2021, the Company issued 50,000,000 200,000 On May 21, 2021 the Company issued 1,500,000 6,450 On May 21, 2021 the Company issued 2,000,000 8,600 On May 21, 2021 the Company issued 2,000,000 8,600 On June 3, 2021, the Company issued 25,000,000 100,000 On June 16, 2021, the Company issued 31,250,000 125,000 On June 25, 2021, the Company issued 25,000,000 100,000 |
LEASES
LEASES | 3 Months Ended |
Jun. 30, 2021 | |
Leases [Abstract] | |
LEASES | NOTE 12 – LEASES Kokomo lease On October 1, 2020, the Company, under its subsidiary ONE More Gym LLC, entered into a facilities lease (“Kokomo Lease”) for 25,000 square feet in Kokomo, Indiana. The initial lease term is for five years and the lease commencement date is October 1, 2020. The monthly lease payments are $7,291.66 in year 1, $7,656.25 in year 2, $8,039.06 in year 3, and $8,441.02 in years 4 and 5. Valparaiso Lease The Company leases 11,676 square feet of office space located at 1805 E. Lincolnway, Valparaiso, Indiana 46383. The Company assumed the lease (“Valparaiso Lease”) when it acquired CFit Indiana Inc. on October 6, 2020. The monthly lease payments are $ 7,624 December 31, 2023 Merrill Lease In connection with the acquisition of CFit Indiana Inc. on October 6, 2020, the Company acquired a facilities lease for 15,000 square feet at 6055N. Broadway Ave., Merrillville, Indiana. The monthly lease payments are $ 11,189 February 28, 2026 Tuscaloosa Lease In connection with the acquisition of Hillcrest Fitness LLC on December 1, 2020, the Company acquired a facilities lease at 6551 Highway 69 South, Tuscaloosa, AL 35405. The monthly lease payments are $ 6,000 March 6, 2024 Birmingham Lease In connection with the acquisition of Club Fitness LLC on April 1, 2021, the Company acquired a facilities lease at 2520 Moody Parkway, Mood, AL 35004. The monthly lease payments are $ 6,000 April 30, 2026 Operating lease right-of-use asset and liability are recognized at the present value of the future lease payments at the lease commencement date. The interest rate used to determine the present value is our incremental borrowing rate, estimated to be 10%, as the interest rate implicit in most of our leases is not readily determinable. Operating lease expense is recognized on a straight-line basis over the lease term. Since the common area maintenance expenses are expenses that do not depend on an index or rate, they are excluded from the measurement of the lease liability and recognized in other general and administrative expenses on the statements of operations. Right-of-use asset is summarized below: Summary of right-of-use asset June 30, 2021 Kokomo Lease Valparaiso Lease Merrill Lease Tuscaloosa Lease Birmingham Lease Total Office lease $ 375,483 $ 374,360 $ 701,405 $ 222,087 $ 284,745 $ 1,958,080 Less: accumulated amortization (45,442 ) (75,965 ) (37,686 ) (25,726 ) (7,385 ) (192,204 ) Right-of-use asset, net $ 330,041 $ 298,395 $ 663,719 $ 196,361 $ 277,360 $ 1,765,876 Operating lease liability is summarized below: Summary of operating lease liability June 30, 2021 Kokomo Lease Valparaiso Lease Merrill Lease Tuscaloosa Lease Birmingham Lease Total Office lease $ 336,180 $ 298,395 $ 689,785 $ 196,361 $ 277,361 $ 1,798,082 Less: current portion (60,606 ) (110,528 ) (68,402 ) (55,460 ) (46,978 ) (341,974 ) Long term portion $ 275,574 $ 187,867 $ 621,383 $ 140,901 $ 230,383 $ 1,456,108 Maturity of the lease liability is as follows: Summary of maturity of lease liability June 30, 2021 Kokomo Lease Valparaiso Lease Merrill Lease Tuscaloosa Lease Birmingham Lease Total Fiscal year ending March 31, 2022 $ 67,812 $ 100,706 $ 83,938 $ 54,000 $ 54,000 $ 360,455 Fiscal year ending March 31, 2023 94,172 134,274 201,450 72,000 72,000 573,896 Fiscal year ending March 31, 2024 98,880 100,706 201,450 72,000 72,000 545,036 Fiscal year ending March 31, 2025 101,292 – 201,450 30,000 72,000 404,742 Fiscal year ending March 31, 2026 50,646 – 184,664 – 72,000 307,310 Fiscal year ending March 31, 2027 – – – – 6,000 6,000 Present value discount (76,623 ) (37,290 ) (183,166 ) (31,639 ) (70,639 ) (399,357 ) Lease liability $ 336,180 $ 298,395 $ 689,785 $ 196,361 $ 277,361 $ 1,798,082 |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 3 Months Ended |
Jun. 30, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 13 – COMMITMENTS AND CONTINGENCIES During the normal course of business, the Company may be exposed to litigation. When the Company becomes aware of potential litigation, it evaluates the merits of the case in accordance with FASB ASC 450-20-50, Contingencies. The Company evaluates its exposure to the matter, possible legal or settlement strategies and the likelihood of an unfavorable outcome. If the Company determines that an unfavorable outcome is probable and can be reasonably estimated, it establishes the necessary accruals. As of June 30, 2021, the Company is not aware of any contingent liabilities that should be reflected in the consolidated financial statements. The Company entered into employment agreements with its Chief Executive Officer and Executive Vice President as of November 24, 2017. Under the terms of these agreements the Company will be liable for severance and other payments under certain conditions. The employment agreement for the Executive Vice President is for a period of 36 months and renews for a successive two years unless written notice is provided by either party under the terms of the agreement. The employment agreement for the Chief Executive Officer can be terminated by the Chief Executive Officer upon three months written notice. Termination of the Chief Executive Officer requires 80% of the votes of all stockholders of the Company. Each of the acquisition agreements contain a Management Services Agreement (“MSA”) whereby the Company agrees to pay a management fee based on certain performance targets. The MSA agreements expire 10 years from the acquisition agreement dates. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 3 Months Ended |
Jun. 30, 2021 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 14 - SUBSEQUENT EVENTS Convertible Promissory Note On July 1, 2021, the Company entered into an Agreement with Geneva Roth Remark Holdings, Inc. pursuant to which the Company issued to Geneva Roth Remark Holdings, Inc. a Promissory Note in the aggregate principal amount of $180,400. The note has a maturity date of July 1, 2022, and the Company has agreed to pay interest on the unpaid principal balance of the note at the rate of eight percent (8%) per annum from the date on which the note is issued until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise. The Company shall have the right to prepay the note, provided it makes a payment to Geneva Roth Remark Holdings, Inc. as set forth in the note. |
ACCOUNTING POLICIES (Policies)
ACCOUNTING POLICIES (Policies) | 3 Months Ended |
Jun. 30, 2021 | |
Accounting Policies [Abstract] | |
Basis of Accounting | Basis of Accounting The interim consolidated financial statements are condensed and should be read in conjunction with the Company’s latest annual financial statements; interim disclosures generally do not repeat those in the annual statements. The interim unaudited consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). In the opinion of management, the unaudited interim consolidated financial statements reflect all adjustments of a normal recurring nature that are necessary for a fair presentation of the results for the interim periods presented. Interim results are not necessarily indicative of results for a full year. |
Use of Estimates | Use of Estimates Management uses estimates and assumptions in preparing financial statements. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. The most significant assumptions and estimates relate to the valuation of derivative liabilities and the valuation of assets and liabilities acquired through business combinations. Actual results could differ from these estimates and assumptions. |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. The Company maintains deposits primarily in four financial institutions, which may at times exceed amounts covered by insurance provided by the U.S. Federal Deposit Insurance Corporation ("FDIC"). The Company has not experienced any losses related to amounts in excess of FDIC limits or $250,000. The Company did no |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company’s financial instruments consist primarily of accounts payable and accrued liabilities. The carrying amounts of such financial instruments approximate their respective estimated fair value due to the short-term maturities and approximate market interest rates of these instruments. The three levels of valuation hierarchy are defined as follows: Level 1 Level 2 Level 3 The Company analyzes all financial instruments with features of both liabilities and equity under ASC 480, “Distinguishing Liabilities from Equity,” and ASC 815. |
Property and Equipment | Property and Equipment Property and equipment are carried at cost. Depreciation is provided on the straight-line method over the assets’ estimated service lives. Expenditures for maintenance and repairs are charged to expense in the period in which they are incurred, and betterments are capitalized. The cost of assets sold or abandoned and the related accumulated depreciation are eliminated from the accounts and any gains or losses are reflected in the accompanying consolidated statement of operations of the respective period. The estimated useful lives range from 3 to 7 years |
Goodwill | Goodwill Goodwill represents the cost in excess of the fair value of net assets acquired in business combinations. The Company tests goodwill for impairment on an annual basis and when events or changes in circumstances indicate that the carrying amount may not be recoverable. Goodwill is deemed to be impaired if the carrying amount of goodwill exceeds its estimated fair value. During the three months ended June 30, 2021, the Company did no |
Other income | Other income During the three months ended June 30, 2020, the Company received $ 2,000 |
Revenue Recognition | Revenue Recognition Revenue is recognized when a customer obtains control of promised goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amount of revenue that is recorded reflects the consideration that the Company expects to receive in exchange for those goods. The Company applies the following five-step model in order to determine this amount: (i) identification of the promised goods in the contract; (ii) determination of whether the promised goods are performance obligations, including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation. The Company only applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. Once a contract is determined to be within the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606 at contract inception, the Company reviews the contract to determine which performance obligations the Company must deliver and which of these performance obligations are distinct. The Company recognizes as revenues the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied. The majority of revenues are received from ticket and beverage sales before and during the live events. Sponsorship revenue is also recognized when the live event takes place. Any revenue received for events that have yet to take place are recorded in deferred revenue. |
Income Taxes | Income Taxes The Company follows Section 740-10-30 of the FASB ASC, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the consolidated financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the consolidated financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the fiscal year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the fiscal years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the consolidated Statements of Operations in the period that includes the enactment date. Through June 30, 2021, the Company has an expected loss. Due to uncertainty of realization for these losses, a full valuation allowance is recorded. Accordingly, no provision has been made for federal income taxes in the accompanying consolidated financial statements. |
Concentration of Credit Risk | Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk are cash, accounts receivable and other receivables arising from its normal business activities. The Company places its cash in what it believes to be credit-worthy financial institutions. The Company controls credit risk related to accounts receivable through credit approvals, credit limits and monitoring procedures. The Company routinely assesses the financial strength of its customers and, based upon factors surrounding the credit risk, establishes an allowance, if required, for uncollectible accounts and, as a consequence, believes that its accounts receivable credit risk exposure beyond such allowance is limited. In addition, Receivables that are factored through the Company's Receivable finance facility are guaranteed by the finance company that further mitigates Credit Risk. |
Impairment of Long-Lived Assets | Impairment of Long-Lived Assets In accordance with ASC 360-10, the Company, on a regular basis, reviews the carrying amount of long-lived assets for the existence of facts or circumstances, both internally and externally, that suggest impairment. The Company determines if the carrying amount of a long-lived asset is impaired based on anticipated undiscounted cash flows, before interest, from the use of the asset. In the event of impairment, a loss is recognized based on the amount by which the carrying amount exceeds the fair value of the asset. Fair value is determined based on appraised value of the assets or the anticipated cash flows from the use of the asset, discounted at a rate commensurate with the risk involved. There were no impairment charges recorded during the three months ended June 30, 2021 and 2020. |
Inventory | Inventory Inventories are valued at the lower of cost (determined on a weighted average basis) or market. Management compares the cost of inventories with the market value and allowance is made to write down inventories to market value, if lower. As of June 30, 2021 and March 31, 2021, the Company had no |
Earnings Per Share (EPS) | Earnings Per Share (EPS) The Company utilize FASB ASC 260, “Earnings per Share.” Basic earnings (loss) per share is computed by dividing earnings (loss) available to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings (loss) per share is computed similar to basic earnings (loss) per share except that the denominator is increased to include additional common shares available upon exercise of stock options and warrants using the treasury stock method, except for periods of operating loss for which no common share equivalents are included because their effect would be anti-dilutive. As of June 30, 2021 the convertible notes are indexed to 559,931,126 The following table sets for the computation of basic and diluted earnings per share the three months ended June 30, 2021 and 2020: Schedule of Earnings Per Share, Basic and Diluted June 30, 2021 June 30, 2020 Basic and diluted Net loss $ (1,061,347 ) $ (495,506 ) Net loss per share Basic $ (0.00 ) $ (0.00 ) Diluted $ (0.00 ) $ (0.00 ) Weighted average number of shares outstanding: Basic & diluted 1,207,948,242 550,425,206 |
Stock Based Compensation | Stock Based Compensation The Company records stock-based compensation in accordance with the provisions of FASB ASC Topic 718, “Accounting for Stock Compensation,” which establishes accounting standards for transactions in which an entity exchanges its equity instruments for goods or services. In accordance with guidance provided under ASC. Topic 718, the Company recognizes an expense for the fair value of its stock awards at the time of grant and the fair value of its outstanding stock options as they vest, whether held by employees or others. As of June 30, 2021 there were no On June 20, 2018, the FASB issued ASU 2018-07, Compensation—Stock Compensation |
Recently Adopted Accounting Pronouncements | Recently Adopted Accounting Pronouncements In September 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments (Topic 326), which replaces the incurred-loss impairment methodology and requires immediate recognition of estimated credit losses expected to occur for most financial assets, including trade receivables. Credit losses on available-for-sale debt securities with unrealized losses will be recognized as allowances for credit losses limited to the amount by which fair value is below amortized cost. ASU 2016-13 is effective for the Company beginning April 1, 2023 and early adoption is permitted. The Company does not believe the potential impact of the new guidance and related codification improvements will be material to its financial position, results of operations and cash flows. The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the consolidated financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
ACCOUNTING POLICIES (Tables)
ACCOUNTING POLICIES (Tables) | 3 Months Ended |
Jun. 30, 2021 | |
Accounting Policies [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted | Schedule of Earnings Per Share, Basic and Diluted June 30, 2021 June 30, 2020 Basic and diluted Net loss $ (1,061,347 ) $ (495,506 ) Net loss per share Basic $ (0.00 ) $ (0.00 ) Diluted $ (0.00 ) $ (0.00 ) Weighted average number of shares outstanding: Basic & diluted 1,207,948,242 550,425,206 |
REVENUE (Tables)
REVENUE (Tables) | 3 Months Ended |
Jun. 30, 2021 | |
Revenue from Contract with Customer [Abstract] | |
Schedule of revenue | Schedule of revenue For the three months ended June 30, June 30, 2021 (Unaudited) 2020 (Unaudited) Live events $ 235,591 $ 59 Gym revenue 333,174 59,962 Net sales $ 568,765 $ 60,021 |
Schedule of deferred revenue | Schedule of deferred revenue As of June 30, June 30, 2021 2020 Balance at beginning of year $ 119,504 $ 13,992 Deferral of revenue 169,798 37,960 Recognition of unearned revenue (204,694 ) (30,668 ) Balance at June 30 $ 84,608 $ 21,284 |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 3 Months Ended |
Jun. 30, 2021 | |
Property, Plant and Equipment [Abstract] | |
Property and equipment | Property and equipment June 30, 2021 March 31, 2021 Gym equipment $ 505,715 $ 420,880 Cages 146,509 132,350 Event assets 104,270 92,117 Furniture and fixtures 16,766 16,766 Production truck gear 11,740 11,740 Production equipment 47,875 32,875 Venue lighting system 38,266 37,250 Leasehold improvements 117,541 43,712 Electronics hardware and software 133,378 124,624 Trucks trailers and vehicles 241,278 197,921 1,363,338 1,110,235 Less: accumulated depreciation (227,095 ) (165,236 ) $ 1,136,243 $ 944,999 |
INTANGIBLE ASSETS (Tables)
INTANGIBLE ASSETS (Tables) | 3 Months Ended |
Jun. 30, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Intangible assets | Intangible assets As of As of June 30, 2021 March 31, 2021 Licenses $ 142,248 $ 142,248 Customer relationships 216,343 170,031 Software development 12,585 12,585 371,176 324,864 Less: accumulated amortization (126,163 ) (99,974 ) $ 245,013 $ 224,890 |
Estimated amortization expense | Estimated amortization expense Estimated amortization expense for each of the next five years: Fiscal year ended March 31, 2022 $ 78,569 Fiscal year ended March 31, 2023 97,842 Fiscal year ended March 31, 2024 61,533 Fiscal year ended March 31, 2025 7,069 Total $ 245,013 |
BUSINESS ACQUISITIONS (Tables)
BUSINESS ACQUISITIONS (Tables) | 3 Months Ended |
Jun. 30, 2021 | |
Business Combination and Asset Acquisition [Abstract] | |
Business combination purchase allocation | Business combination purchase allocation Consideration Cash $ 125,000 Fair values of identifiable net assets: Property & equipment: Gym equipment $ 76,689 Intangible assets: Customer relationships 46,311 Total fair value of identifiable net assets $ 125,000 |
NOTES PAYABLE (Tables)
NOTES PAYABLE (Tables) | 3 Months Ended |
Jun. 30, 2021 | |
Notes Payable | |
Schedule of notes payable | Schedule of notes payable As of As of June 30, March 31, 2021 2021 Notes payable - current maturity: Note Payable PPP SBA Loan $ – $ 15,600 SBA EIDL Loan 10,000 10,000 SBA Loan Payable B2Digital 97,200 97,200 Notes payable – in default: Emry Capital $ 14,000 4 14,000 14,000 Notes payable – long term: WLES LP LLC $ 60,000 5 30,000 30,000 Brian Cox 401K 10,533 12,882 SBA Loan (Hillcrest) 35,400 35,400 SBA Loan (One More Gym, LLC) 56,414 63,047 GS Capital, LLC 153,000 – Total notes payable 406,547 278,129 Less: long-term (96,947 ) (105,929 ) Total $ 309,600 $ 172,200 |
CONVERTIBLE NOTES PAYABLE (Tabl
CONVERTIBLE NOTES PAYABLE (Tables) | 3 Months Ended |
Jun. 30, 2021 | |
Debt Disclosure [Abstract] | |
Convertible note payable | Convertible note payable Note* Inception Date Maturity Coupon Face Value Unamortized Discount Carrying Value Note 5 1/27/2020 1/27/2021 8 $ 202,400 $ – $ 202,400 Note 6 2/19/2020 2/19/2021 8 85,800 – 85,800 Note 7 3/10/2020 3/10/2021 8 85,800 – 85,800 Note 8 8/4/2020 8/4/2021 8 156,000 9,379 146,621 Note 9 10/2/2020 10/2/2021 8 205,000 37,415 167,585 Note 10 10/15/2020 10/15/2021 8 172,000 27,964 144,036 Note 11 11/2/2020 11/2/2021 8 69,000 13,114 55,886 Note 12 11/12/2020 11/12/2021 8 69,000 8,318 60,682 Note 14 12/10/2020 12/10/2021 8 80,000 16,515 63,485 Note 16 1/14/2021 1/14/2022 8 107,000 23,068 83,932 Note 17 1/27/2021 1/27/2021 8 60,000 15,969 44,031 Note 18 2/3/2021 2/3/2022 8 45,250 33,439 11,811 Note 19 2/12/2021 2/12/2022 8 69,000 47,402 21,598 Note 20 4/30/2021 4/30/2022 8 104,000 3,343 100,657 Note 21 5/25/2021 5/25/2022 8 104,000 5,586 98,414 Note 22 6/24/2021 6/24/2022 8 185,652 57,529 128,123 Total $ 1,799,902 $ 299,041 $ 1,500,861 |
Amortization expense, interest expense and accrued interest | Amortization expense, interest expense and accrued interest Note Interest Expense Accrued Interest Amortization of Debt Discount Unamortized Note 5 $ 8,730 $ 30,132 $ – $ – Note 6 3,850 11,800 – – Note 7 3,850 10,979 – – Note 8 3,111 11,283 13,022 9,379 Note 9 4,089 12,176 30,586 37,415 Note 10 3,431 9,726 17,947 27,964 Note 11 1,376 3,630 8,172 13,114 Note 12 1,376 3,478 5,573 8,318 Note 14 1,596 3,542 8,224 16,515 Note 15 12 – 43,661 – Note 16 2,134 3,916 8,296 23,068 Note 17 1,198 2,026 5,469 15,969 Note 18 903 1,459 5,169 33,439 Note 19 1,376 2,087 8,468 47,402 Note 20 1,390 1,390 656 3,343 Note 21 821 821 493 5,586 Note 22 244 244 – 57,529 $ 39,487 $ 108,689 $ 155,736 $ 299,041 |
DERIVATIVE FINANCIAL INSTRUME_2
DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 3 Months Ended |
Jun. 30, 2021 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule of derivative liabilities | Schedule of derivative liabilities June 30, 2021 The financings giving rise to derivative financial instruments Indexed Fair Compound embedded derivatives 559,931,126 $ (788,069 ) Total 559,931,126 $ (788,069 ) The following tables summarize the components of the Company’s derivative liabilities and linked common shares as of June 30, 2020: June 30, 2020 The financings giving rise to derivative financial instruments Indexed Fair Compound embedded derivatives 277,598,000 $ (334,222 ) Total 277,598,000 $ (334,222 ) The following table summarizes the effects on the Company’s gain (loss) associated with changes in the fair values of the derivative financial instruments by type of financing for the three months ended June 30, 2021: The financings giving rise to derivative financial instruments and the income effects: June 30, 2021 Compound embedded derivatives $ 310,871 Total gain (loss) $ 310,871 The following table summarizes the effects on the Company’s gain (loss) associated with changes in the fair values of the derivative financial instruments by type of financing for the three months ended June 30, 2020: The financings giving rise to derivative financial instruments and the income effects: June 30, 2020 Compound embedded derivatives $ (275,432 ) Total gain (loss) $ (275,432 ) |
Significant inputs | Significant inputs June 30, 2021 Quoted market price on valuation date $ 0.0041 Contractual conversion rate $ 0.0027 0.01 Contractual term to maturity 0.095 Years – 1.0 Years Market volatility: Equivalent Volatility 21.33% - 230.47% Interest rate 8.0 |
Schedule of changes in fair value of derivatives | Schedule of changes in fair value of derivatives June 30, March 31, 2021 2021 Beginning balance $ 1,137,623 $ 58,790 Issuances: Compound embedded derivatives 42,058 732,416 Conversions – (859,352 ) Derivative extinguished / debt repaid in cash (80,740 ) (126,892 ) Loss (gain) on changes in fair value inputs and assumptions reflected in income (310,871 ) 1,332,661 Total $ 788,069 $ 1,137,623 |
LEASES (Tables)
LEASES (Tables) | 3 Months Ended |
Jun. 30, 2021 | |
Leases [Abstract] | |
Summary of right-of-use asset | Summary of right-of-use asset June 30, 2021 Kokomo Lease Valparaiso Lease Merrill Lease Tuscaloosa Lease Birmingham Lease Total Office lease $ 375,483 $ 374,360 $ 701,405 $ 222,087 $ 284,745 $ 1,958,080 Less: accumulated amortization (45,442 ) (75,965 ) (37,686 ) (25,726 ) (7,385 ) (192,204 ) Right-of-use asset, net $ 330,041 $ 298,395 $ 663,719 $ 196,361 $ 277,360 $ 1,765,876 |
Lease, Cost [Table Text Block] | Summary of operating lease liability June 30, 2021 Kokomo Lease Valparaiso Lease Merrill Lease Tuscaloosa Lease Birmingham Lease Total Office lease $ 336,180 $ 298,395 $ 689,785 $ 196,361 $ 277,361 $ 1,798,082 Less: current portion (60,606 ) (110,528 ) (68,402 ) (55,460 ) (46,978 ) (341,974 ) Long term portion $ 275,574 $ 187,867 $ 621,383 $ 140,901 $ 230,383 $ 1,456,108 |
Summary of maturity of lease liability | Summary of maturity of lease liability June 30, 2021 Kokomo Lease Valparaiso Lease Merrill Lease Tuscaloosa Lease Birmingham Lease Total Fiscal year ending March 31, 2022 $ 67,812 $ 100,706 $ 83,938 $ 54,000 $ 54,000 $ 360,455 Fiscal year ending March 31, 2023 94,172 134,274 201,450 72,000 72,000 573,896 Fiscal year ending March 31, 2024 98,880 100,706 201,450 72,000 72,000 545,036 Fiscal year ending March 31, 2025 101,292 – 201,450 30,000 72,000 404,742 Fiscal year ending March 31, 2026 50,646 – 184,664 – 72,000 307,310 Fiscal year ending March 31, 2027 – – – – 6,000 6,000 Present value discount (76,623 ) (37,290 ) (183,166 ) (31,639 ) (70,639 ) (399,357 ) Lease liability $ 336,180 $ 298,395 $ 689,785 $ 196,361 $ 277,361 $ 1,798,082 |
ACCOUNTING POLICIES (Details)
ACCOUNTING POLICIES (Details) - USD ($) | 3 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Accounting Policies [Abstract] | ||
Net loss | $ (1,061,347) | $ (495,506) |
Net loss per share | ||
Basic | $ 0 | $ 0 |
Diluted | $ 0 | $ 0 |
Weighted average number of shares outstanding: | ||
Basic & diluted | 1,207,948,242 | 550,425,206 |
ACCOUNTING POLICIES (Details Na
ACCOUNTING POLICIES (Details Narrative) - USD ($) | 3 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Mar. 31, 2021 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Cash in excess of FDIC limit | $ 0 | $ 0 | |
Property useful life | 3 to 7 years | ||
Impairment of goodwill | $ 0 | ||
Grant income | 0 | $ 2,000 | |
Finished Goods Inventory | $ 0 | $ 0 | |
Anti-dilutive securities | 559,931,126 | ||
Equity Option [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Options outstanding | 0 |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 3 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | Mar. 31, 2021 | Mar. 31, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||||
Net Income (Loss) Attributable to Parent | $ 1,061,347 | $ 495,506 | ||
Net Cash Provided by (Used in) Operating Activities | 1,045,826 | 107,325 | ||
[custom:WorkingCapital-0] | 3,327,719 | |||
Retained Earnings (Accumulated Deficit) | 10,258,595 | $ 9,197,248 | ||
Stockholders' Equity Attributable to Parent | $ 1,688,953 | $ 636,851 | $ 1,533,336 | $ 211,367 |
REVENUE (Details - Net sales by
REVENUE (Details - Net sales by revenue type) - USD ($) | 3 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Disaggregation of Revenue [Line Items] | ||
Net sales | $ 568,765 | $ 60,021 |
Live Events [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Net sales | 235,591 | 59 |
Gym [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Net sales | $ 333,174 | $ 59,962 |
REVENUE (Details - Deferred rev
REVENUE (Details - Deferred revenue) - USD ($) | 3 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Revenue from Contract with Customer [Abstract] | ||
Balance at beginning of year | $ 119,504 | $ 13,992 |
Deferral of revenue | 169,798 | 37,960 |
Recognition of unearned revenue | (204,694) | (30,668) |
Balance at end of year | $ 84,608 | $ 21,284 |
PROPERTY AND EQUIPMENT (Details
PROPERTY AND EQUIPMENT (Details) - USD ($) | Jun. 30, 2021 | Mar. 31, 2021 |
Property, Plant and Equipment [Line Items] | ||
Property and equipment | $ 1,363,338 | $ 1,110,235 |
Less: accumulated depreciation | (227,095) | (165,236) |
Total fixed assets | 1,136,243 | 944,999 |
Gym Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment | 505,715 | 420,880 |
Cages [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment | 146,509 | 132,350 |
Event Assets [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment | 104,270 | 92,117 |
Furniture and Fixtures [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment | 16,766 | 16,766 |
Production Truck Gear [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment | 11,740 | 11,740 |
Production Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment | 47,875 | 32,875 |
Venue Lighting System [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment | 38,266 | 37,250 |
Leasehold Improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment | 117,541 | 43,712 |
Electronics [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment | 133,378 | 124,624 |
Vehicles [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment | $ 241,278 | $ 197,921 |
PROPERTY AND EQUIPMENT (Detai_2
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($) | 3 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Property, Plant and Equipment [Abstract] | ||
Depreciation expense | $ 61,859 | $ 18,943 |
INTANGIBLE ASSETS (Details - In
INTANGIBLE ASSETS (Details - Intangible assets, net) - USD ($) | Jun. 30, 2021 | Mar. 31, 2021 |
Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets gross | $ 371,176 | $ 324,864 |
Less: accumulated amortization | (126,163) | (99,974) |
Intangible assets net | 245,013 | 224,890 |
License [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets gross | 142,248 | 142,248 |
Customer Relationships [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets gross | 216,343 | 170,031 |
Software Development [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets gross | $ 12,585 | $ 12,585 |
INTANGIBLE ASSETS (Details - Es
INTANGIBLE ASSETS (Details - Estimated amortization expense) - USD ($) | Jun. 30, 2021 | Mar. 31, 2021 |
Goodwill and Intangible Assets Disclosure [Abstract] | ||
Fiscal year ended March 31, 2022 | $ 78,569 | |
Fiscal year ended March 31, 2023 | 97,842 | |
Fiscal year ended March 31, 2024 | 61,533 | |
Fiscal year ended March 31, 2025 | 7,069 | |
Total | $ 245,013 | $ 224,890 |
INTANGIBLE ASSETS (Details Narr
INTANGIBLE ASSETS (Details Narrative) - USD ($) | 3 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Finite-Lived Intangible Assets [Line Items] | ||
Amortization | $ 26,190 | $ 14,029 |
Licensing Agreements [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Finite-Lived Intangible Asset, Useful Life | 5 years | |
Customer Relationships [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Finite-Lived Intangible Asset, Useful Life | 3 years |
BUSINESS ACQUISITIONS (Details
BUSINESS ACQUISITIONS (Details - allocation of purchase) - Club Fitness [Member] | Apr. 02, 2021USD ($) |
Business Acquisition [Line Items] | |
Cash | $ 125,000 |
Total fair value of identifiable net assets | 125,000 |
Customer Relationships [Member] | |
Business Acquisition [Line Items] | |
Intangible assets | 46,311 |
Gym Equipment [Member] | |
Business Acquisition [Line Items] | |
Property & equipment | $ 76,689 |
NOTES PAYABLE (Details)
NOTES PAYABLE (Details) - USD ($) | Jun. 30, 2021 | Mar. 31, 2021 |
Transfer of Financial Assets Accounted for as Sales [Line Items] | ||
Total notes payable | $ 406,547 | $ 278,129 |
Note payable- long-term | 96,947 | 105,929 |
Less: long-term | (96,947) | (105,929) |
Short-term | 309,600 | 172,200 |
Wles Lp [Member] | ||
Transfer of Financial Assets Accounted for as Sales [Line Items] | ||
Total notes payable | $ 30,000 | 30,000 |
Debt stated interest rate | 5.00% | |
Note payable- long-term | $ 60,000 | |
Brian Cox [Member] | ||
Transfer of Financial Assets Accounted for as Sales [Line Items] | ||
Total notes payable | 10,533 | 12,882 |
S B A Loan Hillcrest [Member] | ||
Transfer of Financial Assets Accounted for as Sales [Line Items] | ||
Total notes payable | 35,400 | 35,400 |
Small Business Loan [Member] | ||
Transfer of Financial Assets Accounted for as Sales [Line Items] | ||
Total notes payable | 56,414 | 63,047 |
G S Capital [Member] | ||
Transfer of Financial Assets Accounted for as Sales [Line Items] | ||
Total notes payable | 153,000 | 0 |
P P P S B A Loan [Member] | ||
Transfer of Financial Assets Accounted for as Sales [Line Items] | ||
Total notes payable | 0 | 15,600 |
E I D L Loan [Member] | ||
Transfer of Financial Assets Accounted for as Sales [Line Items] | ||
Total notes payable | 10,000 | 10,000 |
B 2 Digital [Member] | ||
Transfer of Financial Assets Accounted for as Sales [Line Items] | ||
Total notes payable | 97,200 | 97,200 |
Emry Capital [Member] | ||
Transfer of Financial Assets Accounted for as Sales [Line Items] | ||
Total notes payable | 14,000 | $ 14,000 |
Note payable- current maturity | $ 14,000 | |
Debt stated interest rate | 4.00% |
NOTES PAYABLE (Details Narrativ
NOTES PAYABLE (Details Narrative) - USD ($) | 3 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Obligation with Joint and Several Liability Arrangement [Line Items] | ||
Loss on modification of debt | $ 0 | $ (18,281) |
Gain on forgiveness of loan | 23,303 | $ 5,040 |
Wles Lp [Member] | ||
Obligation with Joint and Several Liability Arrangement [Line Items] | ||
Loss on modification of debt | 18,281 | |
Brian Cox [Member] | ||
Obligation with Joint and Several Liability Arrangement [Line Items] | ||
Repayment of Loan payable | 2,347 | |
Small Business Loan [Member] | ||
Obligation with Joint and Several Liability Arrangement [Line Items] | ||
Gain on forgiveness of loan | 7,703 | |
P P P Loan [Member] | ||
Obligation with Joint and Several Liability Arrangement [Line Items] | ||
Gain on forgiveness of loan | $ 15,600 |
CONVERTIBLE NOTES PAYABLE (Deta
CONVERTIBLE NOTES PAYABLE (Details - Convertible note payable) | 3 Months Ended |
Jun. 30, 2021USD ($) | |
Debt Instrument [Line Items] | |
Face Value | $ 1,799,902 |
Unamortized Discount | 299,041 |
Carrying Value | $ 1,500,861 |
Convertible Note 5 [Member] | |
Debt Instrument [Line Items] | |
Inception Date | Jan. 27, 2020 |
Maturity | Jan. 27, 2021 |
Coupon | 8.00% |
Face Value | $ 202,400 |
Unamortized Discount | 0 |
Carrying Value | $ 202,400 |
Convertible Note 6 [Member] | |
Debt Instrument [Line Items] | |
Inception Date | Feb. 19, 2020 |
Maturity | Feb. 19, 2021 |
Coupon | 8.00% |
Face Value | $ 85,800 |
Unamortized Discount | 0 |
Carrying Value | $ 85,800 |
Convertible Note 7 [Member] | |
Debt Instrument [Line Items] | |
Inception Date | Mar. 10, 2020 |
Maturity | Mar. 10, 2021 |
Coupon | 8.00% |
Face Value | $ 85,800 |
Unamortized Discount | 0 |
Carrying Value | $ 85,800 |
Convertible Note 8 [Member] | |
Debt Instrument [Line Items] | |
Inception Date | Aug. 4, 2020 |
Maturity | Aug. 4, 2021 |
Coupon | 8.00% |
Face Value | $ 156,000 |
Unamortized Discount | 9,379 |
Carrying Value | $ 146,621 |
Convertible Note 9 [Member] | |
Debt Instrument [Line Items] | |
Inception Date | Oct. 2, 2020 |
Maturity | Oct. 2, 2021 |
Coupon | 8.00% |
Face Value | $ 205,000 |
Unamortized Discount | 37,415 |
Carrying Value | $ 167,585 |
Convertible Note 10 [Member] | |
Debt Instrument [Line Items] | |
Inception Date | Oct. 15, 2020 |
Maturity | Oct. 15, 2021 |
Coupon | 8.00% |
Face Value | $ 172,000 |
Unamortized Discount | 27,964 |
Carrying Value | $ 144,036 |
Convertible Note 11 [Member] | |
Debt Instrument [Line Items] | |
Inception Date | Nov. 2, 2020 |
Maturity | Nov. 2, 2021 |
Coupon | 8.00% |
Face Value | $ 69,000 |
Unamortized Discount | 13,114 |
Carrying Value | $ 55,886 |
Convertible Note 12 [Member] | |
Debt Instrument [Line Items] | |
Inception Date | Nov. 12, 2020 |
Maturity | Nov. 12, 2021 |
Coupon | 8.00% |
Face Value | $ 69,000 |
Unamortized Discount | 8,318 |
Carrying Value | $ 60,682 |
Convertible Note 14 [Member] | |
Debt Instrument [Line Items] | |
Inception Date | Dec. 10, 2020 |
Maturity | Dec. 10, 2021 |
Coupon | 8.00% |
Face Value | $ 80,000 |
Unamortized Discount | 16,515 |
Carrying Value | $ 63,485 |
Convertible Note 16 [Member] | |
Debt Instrument [Line Items] | |
Inception Date | Jan. 14, 2021 |
Maturity | Jan. 14, 2022 |
Coupon | 8.00% |
Face Value | $ 107,000 |
Unamortized Discount | 23,068 |
Carrying Value | $ 83,932 |
Convertible Note 17 [Member] | |
Debt Instrument [Line Items] | |
Inception Date | Jan. 27, 2021 |
Maturity | Jan. 27, 2021 |
Coupon | 8.00% |
Face Value | $ 60,000 |
Unamortized Discount | 15,969 |
Carrying Value | $ 44,031 |
Convertible Note 18 [Member] | |
Debt Instrument [Line Items] | |
Inception Date | Feb. 3, 2021 |
Maturity | Feb. 3, 2022 |
Coupon | 8.00% |
Face Value | $ 45,250 |
Unamortized Discount | 33,439 |
Carrying Value | $ 11,811 |
Convertible Note 19 [Member] | |
Debt Instrument [Line Items] | |
Inception Date | Feb. 12, 2021 |
Maturity | Feb. 12, 2022 |
Coupon | 8.00% |
Face Value | $ 69,000 |
Unamortized Discount | 47,402 |
Carrying Value | $ 21,598 |
Convertible Note 20 [Member] | |
Debt Instrument [Line Items] | |
Inception Date | Apr. 30, 2021 |
Maturity | Apr. 30, 2022 |
Coupon | 8.00% |
Face Value | $ 104,000 |
Unamortized Discount | 3,343 |
Carrying Value | $ 100,657 |
Convertible Note 21 [Member] | |
Debt Instrument [Line Items] | |
Inception Date | May 25, 2021 |
Maturity | May 25, 2022 |
Coupon | 8.00% |
Face Value | $ 104,000 |
Unamortized Discount | 5,586 |
Carrying Value | $ 98,414 |
Convertible Note 22 [Member] | |
Debt Instrument [Line Items] | |
Inception Date | Jun. 24, 2021 |
Maturity | Jun. 24, 2022 |
Coupon | 8.00% |
Face Value | $ 185,652 |
Unamortized Discount | 57,529 |
Carrying Value | $ 128,123 |
CONVERTIBLE NOTES PAYABLE (De_2
CONVERTIBLE NOTES PAYABLE (Details - Amortization expense, interest expense and accrued interest) - USD ($) | 3 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Debt Instrument [Line Items] | ||
Interest Expense | $ 39,487 | |
Accrued Interest Balance | 108,689 | |
Amortization of Debt Discount | 155,736 | $ 51,651 |
Unamortized Discount | 299,041 | |
Convertible Note 5 [Member] | ||
Debt Instrument [Line Items] | ||
Interest Expense | 8,730 | |
Accrued Interest Balance | 30,132 | |
Amortization of Debt Discount | 0 | |
Unamortized Discount | 0 | |
Convertible Note 6 [Member] | ||
Debt Instrument [Line Items] | ||
Interest Expense | 3,850 | |
Accrued Interest Balance | 11,800 | |
Amortization of Debt Discount | 0 | |
Unamortized Discount | 0 | |
Convertible Note 7 [Member] | ||
Debt Instrument [Line Items] | ||
Interest Expense | 3,850 | |
Accrued Interest Balance | 10,979 | |
Amortization of Debt Discount | 0 | |
Unamortized Discount | 0 | |
Convertible Note 8 [Member] | ||
Debt Instrument [Line Items] | ||
Interest Expense | 3,111 | |
Accrued Interest Balance | 11,283 | |
Amortization of Debt Discount | 13,022 | |
Unamortized Discount | 9,379 | |
Convertible Note 9 [Member] | ||
Debt Instrument [Line Items] | ||
Interest Expense | 4,089 | |
Accrued Interest Balance | 12,176 | |
Amortization of Debt Discount | 30,586 | |
Unamortized Discount | 37,415 | |
Convertible Note 10 [Member] | ||
Debt Instrument [Line Items] | ||
Interest Expense | 3,431 | |
Accrued Interest Balance | 9,726 | |
Amortization of Debt Discount | 17,947 | |
Unamortized Discount | 27,964 | |
Convertible Note 11 [Member] | ||
Debt Instrument [Line Items] | ||
Interest Expense | 1,376 | |
Accrued Interest Balance | 3,630 | |
Amortization of Debt Discount | 8,172 | |
Unamortized Discount | 13,114 | |
Convertible Note 12 [Member] | ||
Debt Instrument [Line Items] | ||
Interest Expense | 1,376 | |
Accrued Interest Balance | 3,478 | |
Amortization of Debt Discount | 5,573 | |
Unamortized Discount | 8,318 | |
Convertible Note 14 [Member] | ||
Debt Instrument [Line Items] | ||
Interest Expense | 1,596 | |
Accrued Interest Balance | 3,542 | |
Amortization of Debt Discount | 8,224 | |
Unamortized Discount | 16,515 | |
Convertible Note 15 [Member] | ||
Debt Instrument [Line Items] | ||
Interest Expense | 12 | |
Accrued Interest Balance | 0 | |
Amortization of Debt Discount | 43,661 | |
Unamortized Discount | 0 | |
Convertible Note 16 [Member] | ||
Debt Instrument [Line Items] | ||
Interest Expense | 2,134 | |
Accrued Interest Balance | 3,916 | |
Amortization of Debt Discount | 8,296 | |
Unamortized Discount | 23,068 | |
Convertible Note 17 [Member] | ||
Debt Instrument [Line Items] | ||
Interest Expense | 1,198 | |
Accrued Interest Balance | 2,026 | |
Amortization of Debt Discount | 5,469 | |
Unamortized Discount | 15,969 | |
Convertible Note 18 [Member] | ||
Debt Instrument [Line Items] | ||
Interest Expense | 903 | |
Accrued Interest Balance | 1,459 | |
Amortization of Debt Discount | 5,169 | |
Unamortized Discount | 33,439 | |
Convertible Note 19 [Member] | ||
Debt Instrument [Line Items] | ||
Interest Expense | 1,376 | |
Accrued Interest Balance | 2,087 | |
Amortization of Debt Discount | 8,468 | |
Unamortized Discount | 47,402 | |
Convertible Note 20 [Member] | ||
Debt Instrument [Line Items] | ||
Interest Expense | 1,390 | |
Accrued Interest Balance | 1,390 | |
Amortization of Debt Discount | 656 | |
Unamortized Discount | 3,343 | |
Convertible Note 21 [Member] | ||
Debt Instrument [Line Items] | ||
Interest Expense | 821 | |
Accrued Interest Balance | 821 | |
Amortization of Debt Discount | 493 | |
Unamortized Discount | 5,586 | |
Convertible Note 22 [Member] | ||
Debt Instrument [Line Items] | ||
Interest Expense | 244 | |
Accrued Interest Balance | 244 | |
Amortization of Debt Discount | 0 | |
Unamortized Discount | $ 57,529 |
CONVERTIBLE NOTES PAYABLE (De_3
CONVERTIBLE NOTES PAYABLE (Details Narrative) - USD ($) | 3 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Debt Instrument [Line Items] | ||
Debt face amount | $ 1,799,902 | |
Net proceeds | 370,181 | $ 0 |
Convertible Note 1 [Member] | ||
Debt Instrument [Line Items] | ||
Debt face amount | 393,652 | |
Original issue discount | 23,471 | |
Convertible Notes 1 [Member] | ||
Debt Instrument [Line Items] | ||
Net proceeds | 370,181 | |
Convertible Note 5 [Member] | ||
Debt Instrument [Line Items] | ||
Debt face amount | 202,400 | |
Principal increases | 18,400 | |
Convertible Note 6 [Member] | ||
Debt Instrument [Line Items] | ||
Debt face amount | 85,800 | |
Principal increases | 7,800 | |
Convertible Note 7 [Member] | ||
Debt Instrument [Line Items] | ||
Debt face amount | 85,800 | |
Principal increases | $ 7,800 |
DERIVATIVE FINANCIAL INSTRUME_3
DERIVATIVE FINANCIAL INSTRUMENTS (Details - Derivative liabilities) - USD ($) | 3 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
Compound embedded derivatives, shares | 559,931,126 | 277,598,000 |
Compound embedded derivatives, value | $ (788,069) | $ (334,222) |
Compound embedded derivatives | 310,871 | (275,432) |
Total gain (loss) | $ 310,871 | $ (275,432) |
DERIVATIVE FINANCIAL INSTRUME_4
DERIVATIVE FINANCIAL INSTRUMENTS (Details - Significant inputs) | 3 Months Ended |
Jun. 30, 2021$ / shares | |
Derivative [Line Items] | |
Quoted market price on valuation date | 0.0041 |
Contractual term to maturity | 0.095 Years – 1.0 Years |
Equivalent Volatility | 21.33% - 230.47% |
Interest rate | 8.00% |
Minimum [Member] | |
Derivative [Line Items] | |
Contractual conversion rate | $ 0.0027 |
Maximum [Member] | |
Derivative [Line Items] | |
Contractual conversion rate | $ 0.01 |
DERIVATIVE FINANCIAL INSTRUME_5
DERIVATIVE FINANCIAL INSTRUMENTS (Details - Change in fair value) - USD ($) | 3 Months Ended | 12 Months Ended |
Jun. 30, 2021 | Mar. 31, 2021 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
Derivative liabilities, beginning balance | $ 1,137,623 | $ 58,790 |
Compound embedded derivatives | 42,058 | 732,416 |
Conversions | 0 | (859,352) |
Derivative extinguished / debt repaid in cash | (80,740) | 126,892 |
Derivative extinguished / debt repaid in cash | 80,740 | (126,892) |
Loss (gain) on changes in fair value inputs and assumptions reflected in income | (310,871) | 1,332,661 |
Derivative liabilities, ending balance | $ 788,069 | $ 1,137,623 |
EQUITY (Details Narrative)
EQUITY (Details Narrative) - USD ($) | Apr. 14, 2021 | Apr. 10, 2021 | Apr. 02, 2021 | May 13, 2021 | May 14, 2020 | Apr. 23, 2020 | Jun. 03, 2021 | May 21, 2021 | Jun. 01, 2020 | May 25, 2020 | Jun. 01, 2019 | Jun. 30, 2021 | Jun. 25, 2021 | Jun. 16, 2021 | Jun. 30, 2020 | Nov. 23, 2020 |
Class of Stock [Line Items] | ||||||||||||||||
Stock issued for services, value | $ 23,650 | |||||||||||||||
Proceeds from sale of stock | $ 880,000 | $ 0 | ||||||||||||||
Stock issued conversion of note, amount | $ 55,622 | |||||||||||||||
Common Stock [Member] | ||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||
Stock issued for services, shares | 4,000,000 | 67,000,000 | ||||||||||||||
Stock issued for services, value | $ 25,600 | $ 428,800 | ||||||||||||||
Stock issued new, shares | 1,562,500 | 11,718,750 | ||||||||||||||
Proceeds from sale of stock | $ 10,000 | $ 75,000 | ||||||||||||||
Common Stock [Member] | G S Capital [Member] | ||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||
Stock issued for conversion of note, shares | 13,750,000 | 50,000,000 | 50,000,000 | 31,250,000 | ||||||||||||
Stock issued conversion of note, amount | $ 55,000 | $ 200,000 | $ 200,000 | $ 125,000 | ||||||||||||
Common Stock [Member] | A E S Capital [Member] | ||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||
Stock issued for conversion of note, shares | 25,000,000 | 25,000,000 | 25,000,000 | |||||||||||||
Stock issued conversion of note, amount | $ 100,000 | $ 100,000 | $ 100,000 | |||||||||||||
Common Stock [Member] | Rex Chan [Member] | ||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||
Stock issued for services, shares | 1,500,000 | |||||||||||||||
Stock issued for services, value | $ 6,450 | |||||||||||||||
Common Stock [Member] | B M Giancarlo [Member] | ||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||
Stock issued for services, shares | 2,000,000 | |||||||||||||||
Stock issued for services, value | $ 8,600 | |||||||||||||||
Common Stock [Member] | Carlos Diaz [Member] | ||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||
Stock issued for services, shares | 2,000,000 | |||||||||||||||
Stock issued for services, value | $ 8,600 | |||||||||||||||
Common Stock [Member] | United Combat League [Member] | ||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||
Stock issued for acquisition, shares | 6,000,000 | |||||||||||||||
Stock issued for acquisition, value | $ 39,000 | |||||||||||||||
Employment Agreement [Member] | Series B Convertible Preferred Stock [Member] | ||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||
Shares issued for compensation, shares | 40,000,000 | |||||||||||||||
Employment Agreement [Member] | Common Stock [Member] | ||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||
Shares issued for compensation, shares | 80,000,000 | |||||||||||||||
Shares issued for compensation, value | $ 320,000 |
LEASES (Details - Right-of-use
LEASES (Details - Right-of-use asset) - USD ($) | Jun. 30, 2021 | Mar. 31, 2021 |
Lessee, Lease, Description [Line Items] | ||
Office lease | $ 1,958,080 | |
Less: accumulated amortization | (192,204) | |
Right-of-use asset, net | 1,765,876 | $ 1,575,792 |
Kokomo Lease [Member] | ||
Lessee, Lease, Description [Line Items] | ||
Office lease | 375,483 | |
Less: accumulated amortization | (45,442) | |
Right-of-use asset, net | 330,041 | |
Valparaiso Lease [Member] | ||
Lessee, Lease, Description [Line Items] | ||
Office lease | 374,360 | |
Less: accumulated amortization | (75,965) | |
Right-of-use asset, net | 298,395 | |
Merrill Lease [Member] | ||
Lessee, Lease, Description [Line Items] | ||
Office lease | 701,405 | |
Less: accumulated amortization | (37,686) | |
Right-of-use asset, net | 663,719 | |
Tuscaloosa Lease [Member] | ||
Lessee, Lease, Description [Line Items] | ||
Office lease | 222,087 | |
Less: accumulated amortization | (25,726) | |
Right-of-use asset, net | 196,361 | |
Birmingham Lease [Member] | ||
Lessee, Lease, Description [Line Items] | ||
Office lease | 284,745 | |
Less: accumulated amortization | (7,385) | |
Right-of-use asset, net | $ 277,360 |
LEASES (Details - Operating lea
LEASES (Details - Operating lease liability) - USD ($) | Jun. 30, 2021 | Mar. 31, 2021 |
Lessee, Lease, Description [Line Items] | ||
Office lease | $ 1,798,082 | |
Less: current portion | (341,974) | $ (264,165) |
Long term portion | 1,456,108 | $ 1,319,457 |
Kokomo Lease [Member] | ||
Lessee, Lease, Description [Line Items] | ||
Office lease | 336,180 | |
Less: current portion | (60,606) | |
Long term portion | 275,574 | |
Valparaiso Lease [Member] | ||
Lessee, Lease, Description [Line Items] | ||
Office lease | 298,395 | |
Less: current portion | (110,528) | |
Long term portion | 187,867 | |
Merrill Lease [Member] | ||
Lessee, Lease, Description [Line Items] | ||
Office lease | 689,785 | |
Less: current portion | (68,402) | |
Long term portion | 621,383 | |
Tuscaloosa Lease [Member] | ||
Lessee, Lease, Description [Line Items] | ||
Office lease | 196,361 | |
Less: current portion | (55,460) | |
Long term portion | 140,901 | |
Birmingham Lease [Member] | ||
Lessee, Lease, Description [Line Items] | ||
Office lease | 277,361 | |
Less: current portion | (46,978) | |
Long term portion | $ 230,383 |
LEASES (Details - Maturities)
LEASES (Details - Maturities) | Jun. 30, 2021USD ($) |
Lessee, Lease, Description [Line Items] | |
Fiscal year ending March 31, 2022 | $ 360,455 |
Fiscal year ending March 31, 2023 | 573,896 |
Fiscal year ending March 31, 2024 | 545,036 |
Fiscal year ending March 31, 2025 | 404,742 |
Fiscal year ending March 31, 2026 | 307,310 |
Fiscal year ending March 31, 2026 | 6,000 |
Present value discount | (399,357) |
Lease liability | 1,798,082 |
Kokomo Lease [Member] | |
Lessee, Lease, Description [Line Items] | |
Fiscal year ending March 31, 2022 | 67,812 |
Fiscal year ending March 31, 2023 | 94,172 |
Fiscal year ending March 31, 2024 | 98,880 |
Fiscal year ending March 31, 2025 | 101,292 |
Fiscal year ending March 31, 2026 | 50,646 |
Fiscal year ending March 31, 2026 | |
Present value discount | (76,623) |
Lease liability | 336,180 |
Valparaiso Lease [Member] | |
Lessee, Lease, Description [Line Items] | |
Fiscal year ending March 31, 2022 | 100,706 |
Fiscal year ending March 31, 2023 | 134,274 |
Fiscal year ending March 31, 2024 | 100,706 |
Fiscal year ending March 31, 2025 | |
Fiscal year ending March 31, 2026 | |
Fiscal year ending March 31, 2026 | |
Present value discount | (37,290) |
Lease liability | 298,395 |
Merrill Lease [Member] | |
Lessee, Lease, Description [Line Items] | |
Fiscal year ending March 31, 2022 | 83,938 |
Fiscal year ending March 31, 2023 | 201,450 |
Fiscal year ending March 31, 2024 | 201,450 |
Fiscal year ending March 31, 2025 | 201,450 |
Fiscal year ending March 31, 2026 | 184,664 |
Fiscal year ending March 31, 2026 | |
Present value discount | (183,166) |
Lease liability | 689,785 |
Tuscaloosa Lease [Member] | |
Lessee, Lease, Description [Line Items] | |
Fiscal year ending March 31, 2022 | 54,000 |
Fiscal year ending March 31, 2023 | 72,000 |
Fiscal year ending March 31, 2024 | 72,000 |
Fiscal year ending March 31, 2025 | 30,000 |
Fiscal year ending March 31, 2026 | 0 |
Fiscal year ending March 31, 2026 | 0 |
Present value discount | (31,639) |
Lease liability | 196,361 |
Birmingham Lease [Member] | |
Lessee, Lease, Description [Line Items] | |
Fiscal year ending March 31, 2022 | 54,000 |
Fiscal year ending March 31, 2023 | 72,000 |
Fiscal year ending March 31, 2024 | 72,000 |
Fiscal year ending March 31, 2025 | 72,000 |
Fiscal year ending March 31, 2026 | 72,000 |
Fiscal year ending March 31, 2026 | 6,000 |
Present value discount | (70,639) |
Lease liability | $ 277,361 |
LEASES (Details Narrative)
LEASES (Details Narrative) - USD ($) | Apr. 02, 2021 | Oct. 06, 2020 | Dec. 01, 2020 |
Valparaiso Lease [Member] | |||
Lessee, Lease, Description [Line Items] | |||
Monthly lease payments | $ 7,624 | ||
Lease expiration date | Dec. 31, 2023 | ||
Merrill Lease [Member] | |||
Lessee, Lease, Description [Line Items] | |||
Monthly lease payments | $ 11,189 | ||
Lease expiration date | Feb. 28, 2026 | ||
Tuscaloosa Lease [Member] | |||
Lessee, Lease, Description [Line Items] | |||
Monthly lease payments | $ 6,000 | ||
Lease expiration date | Mar. 6, 2024 | ||
Birmingham Lease [Member] | |||
Lessee, Lease, Description [Line Items] | |||
Monthly lease payments | $ 6,000 | ||
Lease expiration date | Apr. 30, 2026 |