Cover
Cover | 12 Months Ended |
Mar. 31, 2021 | |
Cover [Abstract] | |
Document Type | S-1 |
Amendment Flag | true |
Amendment Description | None |
Entity Registrant Name | ECRID, INC. |
Entity Central Index Key | 0000811868 |
Entity Tax Identification Number | 27-3617248 |
Entity Incorporation, State or Country Code | NV |
Entity Address, Address Line One | 1320 S Federal Hwy Suite 215 |
Entity Address, City or Town | Stuart |
Entity Address, State or Province | FL |
Entity Address, Postal Zip Code | 34994 |
City Area Code | (800) |
Local Phone Number | 380-9096 |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | true |
Entity Emerging Growth Company | false |
Elected Not To Use the Extended Transition Period | false |
Post-Effective Amendment | true |
Balance Sheets (Annual)
Balance Sheets (Annual) - USD ($) | Mar. 31, 2021 | Mar. 31, 2020 |
Current assets | ||
Cash | $ 0 | $ 0 |
Loan receivable from shareholder | 35,632 | 67,717 |
Total current assets | 35,632 | 67,717 |
TOTAL ASSETS | 35,632 | 67,717 |
LIABILITIES & STOCKHOLDERS' EQUITY | ||
Accounts payable | 0 | 15,888 |
Total current liabilities | 0 | 15,888 |
Total liabilities | 0 | 15,888 |
Stockholders' equity | ||
Common stock, par value $0.0001 per share, 700,000,000 shares authorized, 283,893,944 and 91,586,802 shares issued and outstanding as of March 31, 2021 and 2020, respectively | 28,390 | 9,159 |
Additional paid-in capital | 8,747,589 | 138,591 |
Stock subscription receivable | (1,035,000) | 0 |
Accumulated deficit | (7,705,347) | (95,921) |
Total stockholders' equity | 35,632 | 51,829 |
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY | $ 35,632 | $ 67,717 |
Balance Sheets (Annual) (Parent
Balance Sheets (Annual) (Parenthetical) - $ / shares | Dec. 31, 2021 | Sep. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Mar. 31, 2020 | Mar. 31, 2019 | Dec. 01, 2006 |
Statement of Financial Position [Abstract] | ||||||||
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 | $ 0.0001 | |||||
Common Stock, Shares Authorized | 700,000,000 | 700,000,000 | 700,000,000 | 0.000200 | ||||
Common Stock, Shares, Issued | 283,893,944 | 283,893,944 | 91,586,802 | |||||
Common Stock, Shares, Outstanding | 283,893,944 | 283,893,944 | 283,893,944 | 230,943,944 | 230,943,944 | 91,586,802 | 87,836,802 |
Statement of Operations
Statement of Operations - USD ($) | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Income Statement [Abstract] | ||
Total revenue | $ 0 | $ 0 |
Operating expenses: | ||
General and administrative | 7,609,426 | 52,284 |
Total operating expenses | 7,609,426 | 52,284 |
(Loss) income from operations | (7,609,426) | (52,284) |
Other expenses | 0 | 0 |
Net income (loss) before income taxes | (7,609,426) | (52,284) |
Provision for income taxes | 0 | 0 |
Net income (loss) | (7,609,426) | (52,284) |
Loss per common share - Basic and diluted | $ 0 | $ 0 |
Weighted average common shares outstanding - Basic and diluted | 225,964,567 | 91,578,251 |
Statement of Stockholders' Equi
Statement of Stockholders' Equity - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Mar. 31, 2019 | $ 8,784 | $ 108,966 | $ (43,687) | $ 74,063 |
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 31, 2019 | 87,836,802 | |||
Common stock issued – advisory | 325 | (325) | 0 | $ 0 |
Common Stock Issued Advisory Shares | 3,250,000 | |||
Common stock issued for investment | 50 | 29,950 | 0 | $ 30,000 |
Net Loss | (52,284) | |||
Ending balance, value at Mar. 31, 2020 | 9,159 | 138,591 | (95,921) | $ 51,829 |
Common Stock, Shares, Outstanding, Ending Balance at Mar. 31, 2020 | 91,586,802 | |||
Beginning balance, value at Mar. 31, 2019 | 8,784 | 108,966 | (43,687) | $ 74,063 |
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 31, 2019 | 87,836,802 | |||
Common Stock Issued Investment Shares | 500,000 | |||
Ending balance, value at Dec. 31, 2020 | 23,094 | 138,591 | (112,118) | $ 49,567 |
Common Stock, Shares, Outstanding, Ending Balance at Dec. 31, 2020 | 230,943,944 | |||
Beginning balance, value at Mar. 31, 2020 | 9,159 | 138,591 | (95,921) | $ 51,829 |
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 31, 2020 | 91,586,802 | |||
Common stock issued – advisory | 1,200 | 0 | 0 | $ 1,200 |
Common Stock Issued Advisory Shares | 12,000,000 | |||
Common stock issued for investment | 1,150 | 0 | 0 | $ 1,150 |
Common stock issued - officer | 11,585 | 0 | 0 | $ 11,585 |
Common Stock Issued Officer Shares | 115,857,142 | |||
Net Loss | 0 | 0 | (16,197) | $ (16,197) |
Ending balance, value at Dec. 31, 2020 | 23,094 | 138,591 | (112,118) | $ 49,567 |
Common Stock, Shares, Outstanding, Ending Balance at Dec. 31, 2020 | 230,943,944 | |||
Beginning balance, value at Mar. 31, 2020 | 9,159 | 138,591 | (95,921) | $ 51,829 |
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 31, 2020 | 91,586,802 | |||
Common stock issued – advisory | 1,200 | 718,800 | 0 | $ 720,000 |
Common Stock Issued Advisory Shares | 12,000,000 | |||
Common stock issued for investment | 1,495 | 1,033,305 | 0 | $ 1,035,000 |
Common stock issued - officer | 16,536 | 6,856,693 | 0 | $ 6,873,229 |
Common Stock Issued Officer Shares | 165,357,142 | |||
Stock subscription receivable | 0 | (1,035,000) | 0 | $ (1,035,000) |
Net Loss | 0 | 0 | (7,609,426) | (7,609,426) |
Ending balance, value at Mar. 31, 2021 | 28,390 | 8,747,589 | (7,705,347) | $ 35,632 |
Common Stock, Shares, Outstanding, Ending Balance at Mar. 31, 2021 | 283,893,944 | |||
Beginning balance, value at Mar. 31, 2020 | 9,159 | 138,591 | (95,921) | $ 51,829 |
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 31, 2020 | 91,586,802 | |||
Common Stock Issued Investment Shares | 14,950,000 | |||
Ending balance, value at Dec. 31, 2021 | 28,390 | 8,747,589 | (7,795,118) | $ (54,139) |
Common Stock, Shares, Outstanding, Ending Balance at Dec. 31, 2021 | 283,893,944 | |||
Beginning balance, value at Sep. 30, 2020 | 23,094 | 138,591 | (112,118) | $ 49,567 |
Common Stock, Shares, Outstanding, Beginning Balance at Sep. 30, 2020 | 230,943,944 | |||
Net Loss | 0 | 0 | 0 | $ 0 |
Ending balance, value at Dec. 31, 2020 | 23,094 | 138,591 | (112,118) | $ 49,567 |
Common Stock, Shares, Outstanding, Ending Balance at Dec. 31, 2020 | 230,943,944 | |||
Beginning balance, value at Mar. 31, 2021 | 28,390 | 8,747,589 | (7,705,347) | $ 35,632 |
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 31, 2021 | 283,893,944 | |||
Common Stock Issued Investment Shares | 11,500,000 | |||
Net Loss | 0 | 0 | (89,771) | $ (89,771) |
Ending balance, value at Dec. 31, 2021 | 28,390 | 8,747,589 | (7,795,118) | $ (54,139) |
Common Stock, Shares, Outstanding, Ending Balance at Dec. 31, 2021 | 283,893,944 | |||
Beginning balance, value at Sep. 30, 2021 | 28,390 | 8,747,589 | (7,792,510) | $ (51,531) |
Common Stock, Shares, Outstanding, Beginning Balance at Sep. 30, 2021 | 283,893,944 | |||
Net Loss | 0 | 0 | (2,608) | $ (2,608) |
Ending balance, value at Dec. 31, 2021 | $ 28,390 | $ 8,747,589 | $ (7,795,118) | $ (54,139) |
Common Stock, Shares, Outstanding, Ending Balance at Dec. 31, 2021 | 283,893,944 |
Statements of Cash Flow
Statements of Cash Flow - USD ($) | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Cash flows from operating activities | ||
Net loss | $ (7,609,426) | $ (52,284) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation and amortization | 0 | 0 |
Stock issued to officer and advisory | 7,593,229 | 0 |
Receivable from shareholder | 32,085 | 6,347 |
Accounts payable and accrued expenses | (15,888) | 15,887 |
Net cash used in operating activities | 0 | (30,000) |
Cash flows from investing activities | ||
Net cash used in investing activities | 0 | 0 |
Cash flows from financing activities | ||
Proceeds from issuance of stock | 0 | 30,000 |
Net cash provided by financing activities | 0 | 30,000 |
Net effect of exchange rates change | 0 | 0 |
Net (decrease) increase in cash | 0 | 0 |
Cash at the beginning of the year | 0 | 0 |
Cash at the end of the year | 0 | 0 |
Supplemental disclosures of cash flow information: | ||
Cash paid for interest | 0 | 0 |
Cash paid for income taxes | $ 0 | $ 0 |
Condensed Balance Sheets (unau
Condensed Balance Sheets (unaudited) (Quarterly) - USD ($) | Dec. 31, 2021 | Mar. 31, 2021 |
Current Assets | ||
Cash and cash equivalents | $ 63,304 | $ 0 |
Due from shareholder | 114,357 | 35,632 |
TOTAL ASSETS | 177,661 | 35,632 |
Current Liabilities | ||
Accounts payable and accrued expenses | 231,800 | 0 |
Total liabilities | 231,800 | 0 |
Commitments and contingencies | 0 | 0 |
Stockholders’ Deficit | ||
Common stock par value $0.0001: 700,000,000 shares authorized; 283,893,944 shares issued and outstanding, respectively | 28,390 | 28,390 |
Additional paid-in capital | 8,747,589 | 8,747,589 |
Stock subscription receivable | (1,035,000) | (1,035,000) |
Accumulated deficit | (7,795,118) | (7,705,347) |
Total stockholders' equity | (54,139) | 35,632 |
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY | $ 177,661 | $ 35,632 |
Condensed Balance Sheets (un_2
Condensed Balance Sheets (unaudited) (Quarterly) (Parenthetical) - $ / shares | Dec. 31, 2021 | Sep. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Mar. 31, 2020 | Mar. 31, 2019 | Dec. 01, 2006 |
Statement of Financial Position [Abstract] | ||||||||
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 | $ 0.0001 | |||||
Common Stock, Shares Authorized | 700,000,000 | 700,000,000 | 700,000,000 | 0.000200 | ||||
Common Stock, Shares, Issued | 283,893,944 | 283,893,944 | 91,586,802 | |||||
Common Stock, Shares, Outstanding | 283,893,944 | 283,893,944 | 283,893,944 | 230,943,944 | 230,943,944 | 91,586,802 | 87,836,802 |
Condensed Statements of Operati
Condensed Statements of Operations (unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2021 | Dec. 31, 2020 | Mar. 31, 2021 | Mar. 31, 2020 | |
Income Statement [Abstract] | ||||||
Revenues | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
Operating expenses | ||||||
General and administrative | 2,608 | 0 | 89,771 | 16,197 | 7,609,426 | 52,284 |
Total operating expenses | (2,608) | 0 | (89,771) | (16,197) | 7,609,426 | 52,284 |
Loss from operations | (2,608) | 0 | (89,771) | (16,197) | (7,609,426) | (52,284) |
Other income (expenses) | ||||||
Net income (loss) before income taxes | (2,608) | 0 | (89,771) | (16,197) | (7,609,426) | (52,284) |
Income tax provision | 0 | 0 | 0 | 0 | 0 | 0 |
Net income (loss) | (2,608) | 0 | (89,771) | (16,197) | (7,609,426) | (52,284) |
Loss per share – basic and diluted | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average common shares outstanding – basic and diluted | 283,893,944 | 137,676,293 | 283,893,944 | 137,676,293 | 225,964,567 | 91,578,251 |
Condensed Statement of Stockhol
Condensed Statement of Stockholders' Deficit (unaudited) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Stock Subscription Receivable [Member] | Total |
Beginning balance, value at Mar. 31, 2019 | $ 8,784 | $ 108,966 | $ (43,687) | $ 74,063 | |
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 31, 2019 | 87,836,802 | ||||
Net loss | $ (52,284) | ||||
Common stock issued – investment | 50 | 29,950 | 0 | 30,000 | |
Common stock issued – advisory | 325 | (325) | 0 | $ 0 | |
[custom:CommonStockIssuedAdvisoryShares] | 3,250,000 | ||||
Ending balance, value at Mar. 31, 2020 | 9,159 | 138,591 | (95,921) | $ 0 | $ 51,829 |
Common Stock, Shares, Outstanding, Ending Balance at Mar. 31, 2020 | 91,586,802 | ||||
Beginning balance, value at Mar. 31, 2019 | 8,784 | 108,966 | (43,687) | $ 74,063 | |
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 31, 2019 | 87,836,802 | ||||
Common stock issued, Investment, Shares | 500,000 | ||||
Ending balance, value at Dec. 31, 2020 | 23,094 | 138,591 | (112,118) | 0 | $ 49,567 |
Common Stock, Shares, Outstanding, Ending Balance at Dec. 31, 2020 | 230,943,944 | ||||
Beginning balance, value at Mar. 31, 2020 | 9,159 | 138,591 | (95,921) | 0 | $ 51,829 |
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 31, 2020 | 91,586,802 | ||||
Net loss | 0 | 0 | (16,197) | 0 | $ (16,197) |
Common stock issued - officer | 11,585 | 0 | 0 | 0 | $ 11,585 |
[custom:CommonStockIssuedOfficerShares] | 115,857,142 | ||||
Common stock issued – investment | 1,150 | 0 | 0 | 0 | $ 1,150 |
Common stock issued – advisory | 1,200 | 0 | 0 | 0 | $ 1,200 |
[custom:CommonStockIssuedAdvisoryShares] | 12,000,000 | ||||
Ending balance, value at Dec. 31, 2020 | 23,094 | 138,591 | (112,118) | 0 | $ 49,567 |
Common Stock, Shares, Outstanding, Ending Balance at Dec. 31, 2020 | 230,943,944 | ||||
Beginning balance, value at Mar. 31, 2020 | 9,159 | 138,591 | (95,921) | 0 | $ 51,829 |
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 31, 2020 | 91,586,802 | ||||
Net loss | 0 | 0 | (7,609,426) | $ (7,609,426) | |
Common stock issued - officer | 16,536 | 6,856,693 | 0 | $ 6,873,229 | |
[custom:CommonStockIssuedOfficerShares] | 165,357,142 | ||||
Common stock issued – investment | 1,495 | 1,033,305 | 0 | $ 1,035,000 | |
Common stock issued – advisory | 1,200 | 718,800 | 0 | $ 720,000 | |
[custom:CommonStockIssuedAdvisoryShares] | 12,000,000 | ||||
Ending balance, value at Mar. 31, 2021 | 28,390 | 8,747,589 | (7,705,347) | (1,035,000) | $ 35,632 |
Common Stock, Shares, Outstanding, Ending Balance at Mar. 31, 2021 | 283,893,944 | ||||
Beginning balance, value at Mar. 31, 2020 | 9,159 | 138,591 | (95,921) | 0 | $ 51,829 |
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 31, 2020 | 91,586,802 | ||||
Common stock issued, Investment, Shares | 14,950,000 | ||||
Ending balance, value at Dec. 31, 2021 | 28,390 | 8,747,589 | (7,795,118) | (1,035,000) | $ (54,139) |
Common Stock, Shares, Outstanding, Ending Balance at Dec. 31, 2021 | 283,893,944 | ||||
Beginning balance, value at Sep. 30, 2020 | 23,094 | 138,591 | (112,118) | 0 | $ 49,567 |
Common Stock, Shares, Outstanding, Beginning Balance at Sep. 30, 2020 | 230,943,944 | ||||
Net loss | 0 | 0 | 0 | 0 | $ 0 |
Ending balance, value at Dec. 31, 2020 | 23,094 | 138,591 | (112,118) | 0 | $ 49,567 |
Common Stock, Shares, Outstanding, Ending Balance at Dec. 31, 2020 | 230,943,944 | ||||
Beginning balance, value at Mar. 31, 2021 | 28,390 | 8,747,589 | (7,705,347) | (1,035,000) | $ 35,632 |
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 31, 2021 | 283,893,944 | ||||
Net loss | 0 | 0 | (89,771) | 0 | $ (89,771) |
Common stock issued, Investment, Shares | 11,500,000 | ||||
Ending balance, value at Dec. 31, 2021 | 28,390 | 8,747,589 | (7,795,118) | (1,035,000) | $ (54,139) |
Common Stock, Shares, Outstanding, Ending Balance at Dec. 31, 2021 | 283,893,944 | ||||
Beginning balance, value at Sep. 30, 2021 | 28,390 | 8,747,589 | (7,792,510) | (1,035,000) | $ (51,531) |
Common Stock, Shares, Outstanding, Beginning Balance at Sep. 30, 2021 | 283,893,944 | ||||
Net loss | 0 | 0 | (2,608) | 0 | $ (2,608) |
Ending balance, value at Dec. 31, 2021 | $ 28,390 | $ 8,747,589 | $ (7,795,118) | $ (1,035,000) | $ (54,139) |
Common Stock, Shares, Outstanding, Ending Balance at Dec. 31, 2021 | 283,893,944 |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows (unaudited) - USD ($) | 9 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Cash Flows From Operating Activities: | ||
Net loss | $ (89,771) | $ (16,197) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation and amortization | 0 | 0 |
Stock issued to officer and advisory | 0 | 13,935 |
Changes in operating assets and liabilities: | ||
Due from officer | (78,725) | 18,150 |
Accounts payable and accrued expenses | 231,800 | (15,888) |
Net cash used in operating activities | 63,304 | 0 |
Net Cash Used In Investing Activities | 0 | 0 |
Net Cash Provided by Financing Activities | 0 | 0 |
Net change in cash and cash equivalents | 63,304 | 0 |
Cash at the beginning of the year | 0 | 0 |
Cash at the end of the year | 63,304 | 0 |
Supplemental disclosures of cash flow information: | ||
Interest paid | 0 | 0 |
Income tax paid | $ 0 | $ 0 |
Organization, History and Busin
Organization, History and Business | 9 Months Ended | 12 Months Ended |
Dec. 31, 2021 | Mar. 31, 2021 | |
Accounting Policies [Abstract] | ||
Organization, History and Business | 1. Organization, History and Business DPOLLUTION INTERNATIONAL, INC. (the “Company” formerly Ram Gold & Exploration, Inc.) was incorporated under the laws of the State of Delaware on February 6, 1987 under the name of Shopping at Home Television Network, Inc. In December 1987, the Company changed its name to TV Net, Inc. In February 1989, the Company changed its name to Vegas Chips, Inc. In October 1996, the Company changed its name Skydoor Media and Entertainment, Inc. and then to Ice Holdings, Inc. In 1997, Ice Holdings, Inc. was formed in the State of Nevada and in 1999, Ice Holdings, Inc. (Nevada) merged with Ice Holdings, Inc. (Delaware) with Ice Holdings, Inc. (Nevada) becoming the survivor of the merger. In December 2006, the Company changed its name to Gaia Resources, Inc. and in January 2008, the Company changed its name to Ram Gold & Exploration, Inc. On July 27, 2010, the Company changed its name to Dpollution International, Inc. Since the disposal of the Company’s assets and the cessation of operations, majority control of the Company changed several times between 1995 and 2008. In December 2006, the Company approved a forward stock split of 1.010:1 with the fractional shares rounded to 100 shares. A change in Capitalization was filed on December 1, 2006 from 50 million common shares at $0.001 par value to 210 million shares at $0.0001 par value. The shares were divided into two classes, 200 10 no The DPollution Asset Purchase Agreement was completed July 1, 2017 by ECRID, Inc. FINRA approved ECRID Corporate Action Request on October 13, 2017 at which time there was a reverse stock split (70 to 1). The new stock symbol is ECDD. ECRID’s primary objective going forward is to grow its membership base by offering its services to each of its members to establish or create their own ECRID CREDIT PROFILE (positive trade lines to immediately validate their credit worthiness to ECRID CERTIFIED LENDERS) Home, Car, Retail Credit, Credit Cards, and personal loans. | 1. Organization, History and Business DPOLLUTION INTERNATIONAL, INC. (the “Company” formerly Ram Gold & Exploration, Inc.) was incorporated under the laws of the State of Delaware on February 6, 1987 under the name of Shopping at Home Television Network, Inc. In December Holdings, Inc. In 1997, Ice with Ice Holdings, Inc. (Delaware) with Ice Holdings, rounded to 100 shares. A change in Capitalization 200 10 no The DPollution Asset Purchase Agreement was completed July 1, 2017 by ECRID, Inc. FINRA approved ECRID Corporate Action Request on October 13, 2017 at which time there was a reverse stock split (70 to 1). The new stock symbol is ECDD. ECRID’s primary objective going forward is to grow its membership base by offering its services to each of its members to establish or create their own ECRID CREDIT PROFILE (positive trade lines to immediately validate their credit worthiness to ECRID CERTIFIED LENDERS) Home, Car, Retail Credit, Credit Cards, and personal loans. |
Significant and Critical Accoun
Significant and Critical Accounting Principles and Practices | 9 Months Ended | 12 Months Ended |
Dec. 31, 2021 | Mar. 31, 2021 | |
Accounting Policies [Abstract] | ||
Significant and Critical Accounting Principles and Practices | 2. Significant and Critical Accounting Principles and Practices Basis of Presentation The accompanying unaudited condensed consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, and in accordance with the rules and regulations of the United States Securities and Exchange Commission (the “SEC”) with respect to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited condensed financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Interim results are not necessarily indicative of the results for the full year. These unaudited condensed consolidated financial statements should be read in conjunction with the financial statements of the Company for the year ended March 31, 2021 and notes thereto contained as filed with the OTC Markets. Fiscal year The Company has elected a fiscal year ending on March 31. Use of Estimates The preparation of financial statements in accordance with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Certain prior period amounts in the consolidated financial statements and accompanying notes have been reclassified to conform to the current period’s presentation. Cash and Cash Equivalents Cash equivalents are highly liquid investments with an original maturity of three months or less. Fair Value of Financial Instruments For purpose of this disclosure, the fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced sale or liquidation. The carrying amount of the Company’s short- term financial instruments approximates fair value due to the relatively short period to maturity for these instruments. Fair Value of Measurements The Company follows ASC 820-10 of the FASB Accounting Standards Codification to measure the fair value of its financial instruments and disclosures about fair value of its financial instruments. ASC 820-10 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP) and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, ASC 820-10 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The three (3) levels of fair value hierarchy defined by ASC 820-10 are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally unobservable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. The carrying amounts of the Company’s financial assets and liabilities, such as cash, accounts receivable, inventory, prepaid expenses and other current assets, accounts payable and accrued expenses approximate their fair values because of the short maturity of these instruments. Revenue Recognition There were no Revenue from Contracts with Customers. 1) Identify the contract with a customer A contract with a customer exists when (i) the Company enters into an enforceable contract with a customer that defines each party’s rights regarding the services to be transferred and identifies the payment terms related to these services, (ii) the contract has commercial substance and, (iii) the Company determines that collection of substantially all consideration for services that are transferred is probable based on the customer’s intent and ability to pay the promised consideration. The Company applies judgment in determining the customer’s ability and intention to pay, which is based on a variety of factors including the customer’s historical payment experience or, in the case of a new customer, published credit and financial information pertaining to the customer. 2) Identify the performance obligations in the contract Performance obligations promised in a contract are identified based on the services that will be transferred to the customer that are both capable of being distinct, whereby the customer can benefit from the service either on its own or together with other resources that are readily available from third parties or from the Company, and are distinct in the context of the contract, whereby the transfer of the services is separately identifiable from other promises in the contract. To the extent a contract includes multiple promised services, the Company must apply judgment to determine whether promised services are capable of being distinct and distinct in the context of the contract. If these criteria are not met the promised services are accounted for as a combined performance obligation. 3) Determine the transaction price The transaction price is determined based on the consideration to which the Company will be entitled in exchange for transferring services to the customer. To the extent the transaction price includes variable consideration, the Company estimates the amount of variable consideration that should be included in the transaction price utilizing either the expected value method or the most likely amount method depending on the nature of the variable consideration. Variable consideration is included in the transaction price if, in the Company’s judgment, it is probable that a significant future reversal of cumulative revenue under the contract will not occur. 4) Allocate the transaction price to performance obligations in the contract If the contract contains a single performance obligation, the entire transaction price is allocated to the single performance obligation. However, if a series of distinct services that are substantially the same qualifies as a single performance obligation in a contract with variable consideration, the Company must determine if the variable consideration is attributable to the entire contract or to a specific part of the contract. For example, a bonus or penalty may be associated with one or more, but not all, distinct services promised in a series of distinct services that forms part of a single performance obligation. Contracts that contain multiple performance obligations require an allocation of the transaction price to each performance obligation based on a relative standalone selling price basis unless the transaction price is variable and meets the criteria to be allocated entirely to a performance obligation or to a distinct service that forms part of a single performance obligation. The Company determines standalone selling price based on the price at which the performance obligation is sold separately. If the standalone selling price is not observable through past transactions, the Company estimates the standalone selling price taking into account available information such as market conditions and internally approved pricing guidelines related to the performance obligations. 5) Recognize revenue when or as the Company satisfies a performance obligation The Company satisfies performance obligations either over time or at a point in time. Revenue is recognized at the time the related performance obligation is satisfied by transferring a promised service to a customer. Convention revenue is generally earned upon completion of the convention. Unearned convention revenue is deposits received for conventions that have not yet taken place, which are fully or partially refundable depending upon the terms and conditions of the agreements. The Company recognizes cost of revenues in the period in which the revenues was earned. In the event the Company incurs cost of revenues for conventions that are yet to occur, the Company records such amounts as prepaid expenses and such prepaid expenses are expensed during the period the convention takes place. Shipping and Handling Costs The Company accounts for shipping and handling fees in accordance with paragraph 605-45-45-19 of the FASB Accounting Standards Codification. While amounts charged to customers for shipping products are included in revenues, the related costs are classified in cost of revenue as incurred. Equity-based Compensation The Company recognizes compensation expense for all equity–based payments in accordance with ASC 718 “ Compensation – Stock Compensation Restricted stock awards are granted at the discretion of the Company. These awards are restricted as to the transfer of ownership and generally vest over the requisite service periods, typically over a four-year period (vesting on a straight–line basis). The fair value of a stock award is equal to the fair market value of a share of Company stock on the grant date. The fair value of an option award is estimated on the date of grant using the Black–Scholes option valuation model. The Black–Scholes option valuation model requires the development of assumptions that are input into the model. These assumptions are the expected stock volatility, the risk–free interest rate, the expected life of the option, the dividend yield on the underlying stock and the expected forfeiture rate. Expected volatility is calculated based on the historical volatility of the Company’s Common stock over the expected option life and other appropriate factors. The expected option term is computed using the “simplified” method as permitted under the provisions of ASC 718-10-S99. The Company uses the simplified method to calculate expected term of share options and similar instruments as the Company does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term. Risk–free interest rates are calculated based on continuously compounded risk–free rates for the appropriate term. The dividend yield is assumed to be zero as the Company has never paid or declared any cash dividends on the Common stock of the Company and does not intend to pay dividends on the Common stock in the foreseeable future. The expected forfeiture rate is estimated based on historical experience. Determining the appropriate fair value model and calculating the fair value of equity–based payment awards require the input of the subjective assumptions described above. The assumptions used in calculating the fair value of equity–based payment awards represent management’s best estimates, which involve inherent uncertainties and the application of management’s judgment. As a result, if factors change and the Company uses different assumptions, the equity–based compensation could be materially different in the future. In addition, the Company is required to estimate the expected forfeiture rate and recognize expense only for those shares expected to vest. If the actual forfeiture rate is materially different from the Company’s estimate, the equity–based compensation could be significantly different from what the Company has recorded in the current period. Income Taxes The Company follows the asset and liability method of accounting for income taxes under FASB ASC 740, “ Income Taxes FASB ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. There were no No The Company may be subject to potential examination by federal, state, and city taxing authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions, and compliance with federal, state, and city tax laws. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. Earnings per Share Earnings per share (“EPS”) is the amount of earnings attributable to each share of common stock. For convenience, the term is used to refer to either earnings or loss per share. EPS is computed pursuant to Section 260-10-45 of the FASB Accounting Standards Codification. Pursuant to ASC Paragraphs 260-10-45-10 through 260-10-45-16, basic EPS shall be computed by dividing income available to common stockholders (the numerator) by the weighted-average number of common shares outstanding (the denominator) during the period. Income available to common stockholders shall be computed by deducting both the dividends declared in the period on preferred stock (whether or not paid) and the dividends accumulated for the period on cumulative preferred stock (whether or not earned) from income from continuing operations (if that amount appears in the income statement) and also from net income. The computation of diluted EPS is similar to the computation of basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued during the period to reflect the potential dilution that could occur from common shares issuable through contingent shares issuance arrangement, stock options or warrants. Basic and diluted net loss per share calculations are presented in accordance with FASB ASC Topic No. 260 – Earnings per Share Recently Issued Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standard Board (“FASB”) or other standard setting bodies that the Company adopts as of the specified effective date. Unless otherwise discussed, the Company does not believe that the impact of recently issued standards that are not yet effective will have a material impact on the Company’s financial position or results of operations upon adoption. There are various other updates recently issued, most of which represented technical corrections to the accounting literature or application to specific industries and are not expected to a have a material impact on our consolidated financial position, results of operations or cash flows. | 2. Significant and Critical Accounting Principles and Practices Basis of Presentation The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”). Fiscal year The Company has elected a fiscal year ending on March 31. Use of Estimates The preparation of financial statements in accordance with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Certain prior period amounts in the consolidated financial statements and accompanying notes have been reclassified to conform to the current period’s presentation. Cash and Cash Equivalents Cash equivalents are highly liquid investments with an original maturity of three months or less. Fair Value of Financial Instruments For purpose of this disclosure, the fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced sale or liquidation. The carrying amount of the Company’s short- term financial instruments approximates fair value due to the relatively short period to maturity for these instruments. Property and Equipment, Net Currently, the Company does not own any property and equipment. At the time of acquisition of such assets, depreciation will be computed on a straight-line basis over the estimated useful lives. Leasehold improvements will be amortized over the shorter of their economic lives or lease terms. Impairment of Long-Lived Assets Currently, the Company has no long-lived assets, but it will review the recoverability of its long-lived assets to determine whether events or changes in circumstances future cash flows of the related loss is recognized for the difference Revenue Recognition There were no Revenue from Contracts with Customers. Shipping and Handling Costs The Company accounts for shipping and handling fees in accordance with paragraph 605-45-45-19 of the FASB Accounting Standards Codification. While amounts charged to customers for shipping products are included in revenues, the related costs are classified in cost of revenue as incurred. Stock-Based Compensation The Company records stock-based compensation under FASB ASC Topic No. 718 – Compensation – Stock Compensation Income Taxes The Company has no no Income Taxes Basic and Diluted Net Loss per Common Share Basic and diluted net loss per share calculations are presented in accordance with FASB ASC Topic No. 260 – Earnings per Share Fair Value measurements Fair value is defined as the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants. A fair value hierarchy has been established for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally observable inputs and not corroborated by market data. The Company does not have any assets or liabilities measured at fair value on a recurring or a nonrecurring basis, consequently, the Company did not have any fair value adjustments for assets and liabilities measured at fair value at March 31, 2021. Reclassification Certain prior period amounts may have been reclassified to conform to current period presentation. Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014- 09, "Revenue from Contracts with Customers (Topic 606)." Also referred to as ASC 606, this update replaces existing revenue recognition guidance with a single comprehensive revenue model for entities to use in accounting for revenue arising from contracts with customers. ASC 606 includes a five-step process by which entities recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration to which an entity expects to be entitled in exchange for those goods or services. This standard also requires enhanced disclosures to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)." ASU 2016-02 is intended to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about In August 2018, the FASB issued ASU 2018-15, "Intangibles—Goodwill and Other Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract." ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The capitalized implementation costs of a hosting arrangement that is a service contract will be expensed over the term of the hosting arrangement. For public business entities, the amendments in this ASU are effective for annual and interim periods beginning after December 15, 2019. Early adoption is permitted, including adoption in any interim period. The amendments can be applied either retrospectively or prospectively to all implementation costs incurred after the adoption date. The Company does not expect the adoption of ASU 2018-15 will have a material impact on its consolidated financial statements. In August 2020, the FASB issued ASU 2020-06, Debt—” Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity” those annual periods and early adoption is No other new accounting pronouncement issued or effective during the fiscal year had, or is expected to have, a material impact on our consolidated financial statements . |
Going Concern
Going Concern | 9 Months Ended | 12 Months Ended |
Dec. 31, 2021 | Mar. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Going Concern | 3. Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. Currently, the Company has no operating history and has incurred operating losses, and as of December 31, 2021, the Company had an accumulated deficit of $ 7,795,118 7,593,229 63,304 The effects of the COVID-19 virus are uncertain and may still have an impact on the Company’s operations. | 3. Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. Currently, the Company has no operating history and has incurred operating losses, and as of March 31, 2021, the Company had an accumulated deficit of $ 7,705,347 7,593,229 0 capital for working capital purposes. There is Company do not include any adjustments The effects of the COVID-19 virus are uncertain and may still have an impact on the Company’s operations. |
Stockholders_ Equity
Stockholders’ Equity | 9 Months Ended | 12 Months Ended |
Dec. 31, 2021 | Mar. 31, 2021 | |
Equity [Abstract] | ||
Stockholders’ Equity | 4. Stockholders’ Equity Common Stock The holders of the Company’s common stock are entitled to one December 283,893,944 70 shares to one share 0.0001 | 4. Stockholders’ Equity Common Stock The holders of the Company’s common stock are entitled to one controlling interest was 283,893,944 70 shares to one 0.0001 During the year ended March 31, 2021, the Company issued 14,950,000 1,035,500 A shareholder and advisor of the Company was issued 12,000,000 720,000 A shareholder and officer of the Company was issued 165,357,142 6,873,229 |
Related Party Transactions
Related Party Transactions | 9 Months Ended | 12 Months Ended |
Dec. 31, 2021 | Mar. 31, 2021 | |
Related Party Transactions [Abstract] | ||
Related Party Transactions | 5. Related Party Transactions Loans from shareholders The sole officer of the Company has made certain loans to the Company for operations and working capital. He has received distributions from the Company from investment funds. The receivable due from the shareholder as of Dec 114,357 35,632 | 5. Related Party Transactions Loans from shareholders The sole officer of the Company has made certain loans to the Company for operations and working capital. He has received distributions from the Company from investment funds. The receivable due from the shareholder as of March 31, 2021 and 2020 was $ 35,632 67,717 |
Commitments and Contingencies
Commitments and Contingencies | 9 Months Ended | 12 Months Ended |
Dec. 31, 2021 | Mar. 31, 2021 | |
Accounting Policies [Abstract] | ||
Commitments and Contingencies | 6. Commitments and Contingencies The Company has no | 6. Commitments and Contingencies The Company has no |
Credit Risk
Credit Risk | 9 Months Ended | 12 Months Ended |
Dec. 31, 2021 | Mar. 31, 2021 | |
Accounting Policies [Abstract] | ||
Credit Risk | 8. Credit Risk The Company has not experienced losses on any concentration of credit risk that consist primarily of cash and cash equivalents. Management believes that the Company is not exposed to significant risks on such accounts. | 7. Credit Risk The Company has not experienced losses on any concentration of credit risk that consist primarily of cash and cash equivalents. Management believes that the Company is not exposed to significant risks on such accounts. |
Income tax provision
Income tax provision | 12 Months Ended |
Mar. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
Income tax provision | 8. Income tax provision The Company evaluated the provisions of ASC 740 related to the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements. ASC 740 prescribes a comprehensive model for how a company should recognize, present, and disclose uncertain positions that the Company has taken or expects to take in its tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. Differences between tax positions taken or expected to be taken in a tax return and the net benefit recognized and measured pursuant to the interpretation are referred to as “unrecognized benefits.” A liability is recognized (or amount of net operating loss carry forward or amount of tax refundable is reduced) for unrecognized tax benefit because it represents an enterprise’s potential future obligation to the taxing authority for a tax position that was not recognized as a result of applying the provisions of ASC 740. If applicable, interest costs related to the unrecognized tax benefits are required to be calculated and would be classified as “Other expenses – Interest expense” in the statement of operations. Penalties would be recognized as a component of “General and administrative.” No no Components of deferred tax assets 2021 2020 Expected income tax benefits from NOL carry-forwards $ 25,031 $ 21,630 Less valuation allowance (25,031 ) (21,630 ) Deferred tax assets, net $ — $ — Income tax provision in the Statements of Operation A reconciliation of the federal statutory income tax rate and the effective income tax rate 2021 2020 Federal statutory income tax rate 21 % 21 % Change in valuation allowance (21 %) (21 %) Effective tax rate 0 % 0 % |
Subsequent Events
Subsequent Events | 9 Months Ended | 12 Months Ended |
Dec. 31, 2021 | Mar. 31, 2021 | |
Accounting Policies [Abstract] | ||
Subsequent Events | 9. Subsequent Events Subsequent events have been evaluated through the date these financial statements were available to be released, and no other events required disclosures. The effects of the COVID-19 virus are uncertain and may still have an impact on the Company’s operations. ITEM 15. RECENT SALES OF UNREGISTERED SECURITIES Below is a chart of all the unregistered shareholder who purchased shares since inception. The chart provides detail on the sales price of the security, person purchasing the security, the date and amount of the security. None Investors Shares Date Purchased Price Restricted Common 1. Timothy Hasey 1,000,000 Shares 02/17/2021 $.03 YES 2. Ron Hargrove 300,000 Shares 03/02/2021 $.10 YES 3. Robert Hooper 75,000 Shares 03/05/2021 $.10 YES 4. Sterling Collins 500,000 Shares 03/13/2021 $.10 YES 5. Robert Swapceinski 100,000 Shares 03/06/2021 $.10 YES 6. John & Tammara Wolters 200,000 Shares 03/02/2021 $.10 YES 7. Clarke Winkler 200,000 Shares 03/10/2021 $.10 YES 8. Clyde Bianchi 200,000 Shares 03/02/2021 $.10 YES 9. Dave Alridge 150,000 Shares 03/05/2021 $.10 YES 10. Michael McGregor 75,000 Shares 03/19/2021 $.10 YES 11. Samuel Rosenblatt 100,000 Shares 03/18/2021 $.10 YES 12. Jamie Bannon 50,000 Shares 03/23/2021 $.10 YES 13. Wong Hang Nga 500,000 Shares 03/21/2021 $.10 YES ITEM 16. EXHIBITS 3.1 Articles of Incorporation for Ecrid, Inc. (filed as Exhibit 3.1 to the Form S1-A, filed on August 6, 2021 and incorporated herein by reference) 3.2 By-Laws of Ecrid, Inc. (filed as Exhibit 3.2 to the Form S-1/A, filed on July 8, 2021 and incorporated herein by reference.) 5.1 Opinion of McMurdo Law Group, LLC, legal counsel. (filed as Exhibit 3.2 to the Form S-1/A, filed on July 8, 2021 and incorporated herein by reference.) 23.1 Consent of MaughanSullivan LLC 23.2 Consent of McMurdo Law Group, LLC (included in Exhibit 5.1) 99.1 Subscription Agreement (filed as Exhibit 3.1 to the Form S-1/A, filed on August 6, 2021 and incorporated herein by reference) ____________ ITEM 17. UNDERTAKINGS UNDERTAKINGS The Registrant undertakes: 1. Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to the director, officer and controlling person of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue. The Registrant is registering securities under Rule 415 of the Securities Act and hereby undertakes: 1. To file, during any period in which it offers or sells securities, a post-effective amendment to this registration statement to: (i) Include any prospectus required by Section 10(a)(3) of the Securities Act; (ii) Reflect in the prospectus any facts or events which, individually or together, represent a fundamental change in the information in the registration statement; and notwithstanding the forgoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospects filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in the volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement. (iii) Include any additional or changed material information on the plan of distribution. 2. That, for the purposes of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. 3. To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. 4. The undersigned Registrant hereby undertakes that: A. For determining liability of the undersigned issuer under the Securities Act to any purchaser in the initial distribution of the securities, the undersigned issuer undertakes that in a primary offering of securities of the undersigned issuer pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned issuer will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser: i. Any preliminary prospectus or prospectus of the undersigned issuer relating to the offering required to be filed pursuant to Rule 424; ii. Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned issuer or used or referred to by the undersigned issuer; iii. The portion of any other free writing prospectus relating to the offering containing material information about the undersigned issuer or its securities provided by or on behalf of the undersigned issuer; and iv. Any other communication that is an offer in the offering made by the undersigned issuer to the purchaser. B. That for the purpose of determining liability under the Securities Act to any purchaser: Each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use. "Insofar as indemnification for liabilities arising under the Securities Act of 1933 (the "Act") may be permitted to the director, officer and controlling person of the issuer pursuant to the foregoing provisions, or otherwise, the issuer has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable." In the event that a claim for indemnification against such liabilities (other than the payment by the issuer of expenses incurred or paid by a director, officer or controlling person of the issuer in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the issuer will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue. SIGNATURES Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereto duly authorized in Stuart, Florida on March 16, 2022. ECRID , INC. By: /s/ Cleveland Gary Cleveland Gary, President, Treasurer, Secretary and Director In accordance with the requirements of the Securities Act of 1933, this registration statement was signed by the following persons in the capacities and on the dates stated. Dated: March 16, 2022 By: /s/ Cleveland Gary Cleveland Gary, President, Treasurer, Secretary and Director Principal Executive Officer Principal Financial Officer Principal Accounting Officer | 9. Subsequent Events Subsequent events have been evaluated through the date these financial statements were available to be released, and noted no other events requiring disclosures. The effects of the COVID-19 virus are uncertain and may still have an impact on the Company’s operations. |
Operating Leases
Operating Leases | 9 Months Ended |
Dec. 31, 2021 | |
Leases [Abstract] | |
Operating Leases | 7. Operating Leases We determine if an arrangement contains a lease at inception. Right of use (“ROU”) assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term. The Company has determined that it has not entered into any lease obligations that would meet the requirements of ASC 842 – Leases, |
Significant and Critical Acco_2
Significant and Critical Accounting Principles and Practices (Policies) | 9 Months Ended | 12 Months Ended |
Dec. 31, 2021 | Mar. 31, 2021 | |
Accounting Policies [Abstract] | ||
Basis of Presentation | Basis of Presentation The accompanying unaudited condensed consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, and in accordance with the rules and regulations of the United States Securities and Exchange Commission (the “SEC”) with respect to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited condensed financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Interim results are not necessarily indicative of the results for the full year. These unaudited condensed consolidated financial statements should be read in conjunction with the financial statements of the Company for the year ended March 31, 2021 and notes thereto contained as filed with the OTC Markets. | Basis of Presentation The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”). |
Fiscal year | Fiscal year The Company has elected a fiscal year ending on March 31. | Fiscal year The Company has elected a fiscal year ending on March 31. |
Use of Estimates | Use of Estimates The preparation of financial statements in accordance with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Certain prior period amounts in the consolidated financial statements and accompanying notes have been reclassified to conform to the current period’s presentation. | Use of Estimates The preparation of financial statements in accordance with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Certain prior period amounts in the consolidated financial statements and accompanying notes have been reclassified to conform to the current period’s presentation. |
Cash and Cash Equivalents | Cash and Cash Equivalents Cash equivalents are highly liquid investments with an original maturity of three months or less. | Cash and Cash Equivalents Cash equivalents are highly liquid investments with an original maturity of three months or less. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments For purpose of this disclosure, the fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced sale or liquidation. The carrying amount of the Company’s short- term financial instruments approximates fair value due to the relatively short period to maturity for these instruments. | Fair Value of Financial Instruments For purpose of this disclosure, the fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced sale or liquidation. The carrying amount of the Company’s short- term financial instruments approximates fair value due to the relatively short period to maturity for these instruments. |
Property and Equipment, Net | Property and Equipment, Net Currently, the Company does not own any property and equipment. At the time of acquisition of such assets, depreciation will be computed on a straight-line basis over the estimated useful lives. Leasehold improvements will be amortized over the shorter of their economic lives or lease terms. | |
Impairment of Long-Lived Assets | Impairment of Long-Lived Assets Currently, the Company has no long-lived assets, but it will review the recoverability of its long-lived assets to determine whether events or changes in circumstances future cash flows of the related loss is recognized for the difference | |
Revenue Recognition | Revenue Recognition There were no Revenue from Contracts with Customers. 1) Identify the contract with a customer A contract with a customer exists when (i) the Company enters into an enforceable contract with a customer that defines each party’s rights regarding the services to be transferred and identifies the payment terms related to these services, (ii) the contract has commercial substance and, (iii) the Company determines that collection of substantially all consideration for services that are transferred is probable based on the customer’s intent and ability to pay the promised consideration. The Company applies judgment in determining the customer’s ability and intention to pay, which is based on a variety of factors including the customer’s historical payment experience or, in the case of a new customer, published credit and financial information pertaining to the customer. 2) Identify the performance obligations in the contract Performance obligations promised in a contract are identified based on the services that will be transferred to the customer that are both capable of being distinct, whereby the customer can benefit from the service either on its own or together with other resources that are readily available from third parties or from the Company, and are distinct in the context of the contract, whereby the transfer of the services is separately identifiable from other promises in the contract. To the extent a contract includes multiple promised services, the Company must apply judgment to determine whether promised services are capable of being distinct and distinct in the context of the contract. If these criteria are not met the promised services are accounted for as a combined performance obligation. 3) Determine the transaction price The transaction price is determined based on the consideration to which the Company will be entitled in exchange for transferring services to the customer. To the extent the transaction price includes variable consideration, the Company estimates the amount of variable consideration that should be included in the transaction price utilizing either the expected value method or the most likely amount method depending on the nature of the variable consideration. Variable consideration is included in the transaction price if, in the Company’s judgment, it is probable that a significant future reversal of cumulative revenue under the contract will not occur. 4) Allocate the transaction price to performance obligations in the contract If the contract contains a single performance obligation, the entire transaction price is allocated to the single performance obligation. However, if a series of distinct services that are substantially the same qualifies as a single performance obligation in a contract with variable consideration, the Company must determine if the variable consideration is attributable to the entire contract or to a specific part of the contract. For example, a bonus or penalty may be associated with one or more, but not all, distinct services promised in a series of distinct services that forms part of a single performance obligation. Contracts that contain multiple performance obligations require an allocation of the transaction price to each performance obligation based on a relative standalone selling price basis unless the transaction price is variable and meets the criteria to be allocated entirely to a performance obligation or to a distinct service that forms part of a single performance obligation. The Company determines standalone selling price based on the price at which the performance obligation is sold separately. If the standalone selling price is not observable through past transactions, the Company estimates the standalone selling price taking into account available information such as market conditions and internally approved pricing guidelines related to the performance obligations. 5) Recognize revenue when or as the Company satisfies a performance obligation The Company satisfies performance obligations either over time or at a point in time. Revenue is recognized at the time the related performance obligation is satisfied by transferring a promised service to a customer. Convention revenue is generally earned upon completion of the convention. Unearned convention revenue is deposits received for conventions that have not yet taken place, which are fully or partially refundable depending upon the terms and conditions of the agreements. The Company recognizes cost of revenues in the period in which the revenues was earned. In the event the Company incurs cost of revenues for conventions that are yet to occur, the Company records such amounts as prepaid expenses and such prepaid expenses are expensed during the period the convention takes place. | Revenue Recognition There were no Revenue from Contracts with Customers. |
Shipping and Handling Costs | Shipping and Handling Costs The Company accounts for shipping and handling fees in accordance with paragraph 605-45-45-19 of the FASB Accounting Standards Codification. While amounts charged to customers for shipping products are included in revenues, the related costs are classified in cost of revenue as incurred. | Shipping and Handling Costs The Company accounts for shipping and handling fees in accordance with paragraph 605-45-45-19 of the FASB Accounting Standards Codification. While amounts charged to customers for shipping products are included in revenues, the related costs are classified in cost of revenue as incurred. |
Stock-Based Compensation | Stock-Based Compensation The Company records stock-based compensation under FASB ASC Topic No. 718 – Compensation – Stock Compensation | |
Income Taxes | Income Taxes The Company follows the asset and liability method of accounting for income taxes under FASB ASC 740, “ Income Taxes FASB ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. There were no No The Company may be subject to potential examination by federal, state, and city taxing authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions, and compliance with federal, state, and city tax laws. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. | Income Taxes The Company has no no Income Taxes |
Earnings per Share | Earnings per Share Earnings per share (“EPS”) is the amount of earnings attributable to each share of common stock. For convenience, the term is used to refer to either earnings or loss per share. EPS is computed pursuant to Section 260-10-45 of the FASB Accounting Standards Codification. Pursuant to ASC Paragraphs 260-10-45-10 through 260-10-45-16, basic EPS shall be computed by dividing income available to common stockholders (the numerator) by the weighted-average number of common shares outstanding (the denominator) during the period. Income available to common stockholders shall be computed by deducting both the dividends declared in the period on preferred stock (whether or not paid) and the dividends accumulated for the period on cumulative preferred stock (whether or not earned) from income from continuing operations (if that amount appears in the income statement) and also from net income. The computation of diluted EPS is similar to the computation of basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued during the period to reflect the potential dilution that could occur from common shares issuable through contingent shares issuance arrangement, stock options or warrants. Basic and diluted net loss per share calculations are presented in accordance with FASB ASC Topic No. 260 – Earnings per Share | Basic and Diluted Net Loss per Common Share Basic and diluted net loss per share calculations are presented in accordance with FASB ASC Topic No. 260 – Earnings per Share |
Fair Value of Measurements | Fair Value of Measurements The Company follows ASC 820-10 of the FASB Accounting Standards Codification to measure the fair value of its financial instruments and disclosures about fair value of its financial instruments. ASC 820-10 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP) and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, ASC 820-10 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The three (3) levels of fair value hierarchy defined by ASC 820-10 are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally unobservable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. The carrying amounts of the Company’s financial assets and liabilities, such as cash, accounts receivable, inventory, prepaid expenses and other current assets, accounts payable and accrued expenses approximate their fair values because of the short maturity of these instruments. | Fair Value measurements Fair value is defined as the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants. A fair value hierarchy has been established for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally observable inputs and not corroborated by market data. The Company does not have any assets or liabilities measured at fair value on a recurring or a nonrecurring basis, consequently, the Company did not have any fair value adjustments for assets and liabilities measured at fair value at March 31, 2021. |
Reclassification | Reclassification Certain prior period amounts may have been reclassified to conform to current period presentation. | |
Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standard Board (“FASB”) or other standard setting bodies that the Company adopts as of the specified effective date. Unless otherwise discussed, the Company does not believe that the impact of recently issued standards that are not yet effective will have a material impact on the Company’s financial position or results of operations upon adoption. There are various other updates recently issued, most of which represented technical corrections to the accounting literature or application to specific industries and are not expected to a have a material impact on our consolidated financial position, results of operations or cash flows. | Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014- 09, "Revenue from Contracts with Customers (Topic 606)." Also referred to as ASC 606, this update replaces existing revenue recognition guidance with a single comprehensive revenue model for entities to use in accounting for revenue arising from contracts with customers. ASC 606 includes a five-step process by which entities recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration to which an entity expects to be entitled in exchange for those goods or services. This standard also requires enhanced disclosures to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)." ASU 2016-02 is intended to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about In August 2018, the FASB issued ASU 2018-15, "Intangibles—Goodwill and Other Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract." ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The capitalized implementation costs of a hosting arrangement that is a service contract will be expensed over the term of the hosting arrangement. For public business entities, the amendments in this ASU are effective for annual and interim periods beginning after December 15, 2019. Early adoption is permitted, including adoption in any interim period. The amendments can be applied either retrospectively or prospectively to all implementation costs incurred after the adoption date. The Company does not expect the adoption of ASU 2018-15 will have a material impact on its consolidated financial statements. In August 2020, the FASB issued ASU 2020-06, Debt—” Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity” those annual periods and early adoption is No other new accounting pronouncement issued or effective during the fiscal year had, or is expected to have, a material impact on our consolidated financial statements . |
Equity-based Compensation | Equity-based Compensation The Company recognizes compensation expense for all equity–based payments in accordance with ASC 718 “ Compensation – Stock Compensation Restricted stock awards are granted at the discretion of the Company. These awards are restricted as to the transfer of ownership and generally vest over the requisite service periods, typically over a four-year period (vesting on a straight–line basis). The fair value of a stock award is equal to the fair market value of a share of Company stock on the grant date. The fair value of an option award is estimated on the date of grant using the Black–Scholes option valuation model. The Black–Scholes option valuation model requires the development of assumptions that are input into the model. These assumptions are the expected stock volatility, the risk–free interest rate, the expected life of the option, the dividend yield on the underlying stock and the expected forfeiture rate. Expected volatility is calculated based on the historical volatility of the Company’s Common stock over the expected option life and other appropriate factors. The expected option term is computed using the “simplified” method as permitted under the provisions of ASC 718-10-S99. The Company uses the simplified method to calculate expected term of share options and similar instruments as the Company does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term. Risk–free interest rates are calculated based on continuously compounded risk–free rates for the appropriate term. The dividend yield is assumed to be zero as the Company has never paid or declared any cash dividends on the Common stock of the Company and does not intend to pay dividends on the Common stock in the foreseeable future. The expected forfeiture rate is estimated based on historical experience. Determining the appropriate fair value model and calculating the fair value of equity–based payment awards require the input of the subjective assumptions described above. The assumptions used in calculating the fair value of equity–based payment awards represent management’s best estimates, which involve inherent uncertainties and the application of management’s judgment. As a result, if factors change and the Company uses different assumptions, the equity–based compensation could be materially different in the future. In addition, the Company is required to estimate the expected forfeiture rate and recognize expense only for those shares expected to vest. If the actual forfeiture rate is materially different from the Company’s estimate, the equity–based compensation could be significantly different from what the Company has recorded in the current period. |
Income tax provision (Tables)
Income tax provision (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | |
Components of deferred tax assets | Components of deferred tax assets 2021 2020 Expected income tax benefits from NOL carry-forwards $ 25,031 $ 21,630 Less valuation allowance (25,031 ) (21,630 ) Deferred tax assets, net $ — $ — |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | |
Reconciliation of the federal statutory income tax rate and the effective income tax rate | 2021 2020 Federal statutory income tax rate 21 % 21 % Change in valuation allowance (21 %) (21 %) Effective tax rate 0 % 0 % |
Organization, History and Bus_2
Organization, History and Business (Details Narrative) - shares | Dec. 31, 2021 | Mar. 31, 2021 | Mar. 31, 2020 | Dec. 01, 2006 |
Accounting Policies [Abstract] | ||||
Common Stock, Shares Authorized | 700,000,000 | 700,000,000 | 700,000,000 | 0.000200 |
Preferred Stock, Shares Authorized | 0.000010 | |||
Preferred Stock, Shares Outstanding | 0 | 0 | ||
Preferred Stock, Shares Issued | 0 | 0 |
Significant and Critical Acco_3
Significant and Critical Accounting Principles and Practices (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2021 | Dec. 31, 2020 | Mar. 31, 2021 | Mar. 31, 2020 | |
Accounting Policies [Abstract] | ||||||
Revenues | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
Income Taxes Paid | 0 | $ 0 | 0 | 0 | ||
Unrecognized Tax Benefits | 0 | 0 | 0 | $ 0 | ||
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued | $ 0 | $ 0 | $ 0 |
Going Concern (Details Narrativ
Going Concern (Details Narrative) - USD ($) | Dec. 31, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Mar. 31, 2020 | Mar. 31, 2019 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||
Retained Earnings (Accumulated Deficit) | $ 7,795,118 | $ 7,705,347 | $ 95,921 | ||
Deferred Compensation Share-based Arrangements, Liability, Current | 7,593,229 | 7,593,229 | |||
Cash | $ 63,304 | $ 0 | $ 0 | $ 0 | $ 0 |
Stockholders_ Equity (Details N
Stockholders’ Equity (Details Narrative) - USD ($) | 9 Months Ended | 12 Months Ended | |||||
Dec. 31, 2021 | Mar. 31, 2021 | Sep. 30, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Mar. 31, 2020 | Mar. 31, 2019 | |
Equity [Abstract] | |||||||
Common Stock, Voting Rights | one | one | |||||
Common Stock, Shares, Outstanding | 283,893,944 | 283,893,944 | 283,893,944 | 230,943,944 | 230,943,944 | 91,586,802 | 87,836,802 |
Stockholders' Equity, Reverse Stock Split | 70 shares to one share | 70 shares to one | |||||
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 | $ 0.0001 | ||||
Stock Issued During Period, Shares, New Issues | 14,950,000 | ||||||
[custom:StockSubscriptionReceivable] | $ (1,035,000) | ||||||
Stock Issued During Period, Shares, Issued for Services | 12,000,000 | ||||||
[custom:ConsultingExpense] | $ 720,000 | ||||||
Stock Issued During Period, Shares, Other | 165,357,142 | ||||||
Stock Issued During Period, Value, Other | $ 6,873,229 | ||||||
Common Stock, Shares, Issued | 283,893,944 | 283,893,944 | 91,586,802 |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | Dec. 31, 2021 | Mar. 31, 2021 | Mar. 31, 2020 |
Related Party Transactions [Abstract] | |||
Loans and Leases Receivable, Related Parties | $ 114,357 | $ 35,632 | $ 67,717 |
Commitments and Contingencies (
Commitments and Contingencies (Details Narrative) - USD ($) | Dec. 31, 2021 | Mar. 31, 2021 |
Accounting Policies [Abstract] | ||
Commitments and Contingencies | $ 0 | $ 0 |
Components of deferred tax asse
Components of deferred tax assets (Details) - USD ($) | Mar. 31, 2021 | Mar. 31, 2020 |
Income Tax Disclosure [Abstract] | ||
Expected income tax benefits from NOL carry-forwards | $ 25,031 | $ 21,630 |
Less valuation allowance | (25,031) | (21,630) |
Deferred tax assets, net |
Reconciliation of the federal s
Reconciliation of the federal statutory income tax rate and the effective income tax rate (Details) | Mar. 31, 2021USD ($) | Mar. 31, 2020USD ($) |
Income Tax Disclosure [Abstract] | ||
Federal statutory income tax rate | 0.21 | 0.21 |
Change in valuation allowance | (0.21) | (0.21) |
Effective tax rate | $ 0 | $ 0 |
Income tax provision (Details N
Income tax provision (Details Narrative) - USD ($) | 12 Months Ended | ||
Mar. 31, 2021 | Mar. 31, 2020 | Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |||
[custom:MaterialInterestPenaltiesOnUnpaidTax] | $ 0 | $ 0 | |
Unrecognized Tax Benefits | $ 0 | $ 0 | $ 0 |