RocketFuel Blockchain (RKFL) 10-Q 16 Nov 20 2021 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Sep. 30, 2020	Nov. 16, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2020
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--03-31
Entity File Number	033-17773-NY
Entity Registrant Name	ROCKETFUEL BLOCKCHAIN, INC.
Entity Central Index Key	0000823546
Entity Tax Identification Number	90-1188745
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	3651 Lindell Road
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89103
City Area Code	424
Local Phone Number	256-8560
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		23,438,416

Balance Sheets (Unaudited)

Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2020	Mar. 31, 2020
Current assets:
Cash	$ 326,075	$ 7,838
Total current assets and total assets	326,075	7,838
Current liabilities:
Accounts payable and accrued expenses	75,726	70,315
Total current liabilities and total liabilities	75,726	70,315
Stockholders’ equity (deficit):
Preferred stock; $0.001 par value; 50,000,000 shares authorized; and no shares issued and outstanding as of September 30, 2020 and March 31, 2020, respectively
Common stock; $0.001 par value; 250,000,000 shares authorized; and 23,438,416 and 22,809,666 shares issued and outstanding as of September 30, 2020 and March 31, 2020, respectively	23,438	22,810
Additional paid-in capital	2,174,879	1,534,757
Accumulated deficit	(1,947,968)	(1,620,044)
Total stockholders’ equity (deficit)	250,349	(62,477)
Total liabilities and stockholders’ equity (deficit)	$ 326,075	$ 7,838

Balance Sheets (Unaudited) (Par

Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2020	Mar. 31, 2020
Statement of Financial Position [Abstract]
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	50,000,000	50,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	250,000,000	250,000,000
Common Stock, Shares, Issued	23,438,416	22,809,666
Common Stock, Shares, Outstanding	23,438,416	22,809,666

Statements of Operations (Unaud

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Statement [Abstract]
Revenues
Expenses:
General and administrative expenses	230,564	45,385	327,924	69,088
Loss from operations	(230,564)	(45,385)	(327,924)	(69,088)
Net loss before provision for income taxes	(230,564)	(45,385)	(327,924)	(69,088)
Provision for income taxes
Net loss	$ (230,564)	$ (45,385)	$ (327,924)	$ (69,088)
Net loss per common share:
Basic and diluted	$ (0.01)	$ 0	$ (0.01)	$ 0
Weighted average common shares outstanding:
Basic and diluted	23,349,405	22,718,086	23,234,735	22,703,251

Statement of Shareholders' Equi

Statement of Shareholders' Equity Deficit (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Mar. 31, 2019		$ 22,688	$ 1,413,629	$ (1,495,005)	$ (58,688)
Beginning balance, shares at Mar. 31, 2019		22,688,416
Net loss				(23,703)	(23,703)
Ending balance, value at Jun. 30, 2019		$ 22,688	1,413,629	(1,518,708)	(82,391)
Ending balance, shares at Jun. 30, 2019		22,688,416
Beginning balance, value at Mar. 31, 2019		$ 22,688	1,413,629	(1,495,005)	(58,688)
Beginning balance, shares at Mar. 31, 2019		22,688,416
Net loss					(69,088)
Ending balance, value at Sep. 30, 2019		$ 22,788	1,513,529	(1,564,093)	(27,776)
Ending balance, shares at Sep. 30, 2019		22,788,416
Beginning balance, value at Jun. 30, 2019		$ 22,688	1,413,629	(1,518,708)	(82,391)
Beginning balance, shares at Jun. 30, 2019		22,688,416
Net loss				(45,385)	(45,385)
Issuance of common stock in connection with private placement		$ 100	99,900		100
Issuance of common stock in connection with private placement, shares		100,000
Ending balance, value at Sep. 30, 2019		$ 22,788	1,513,529	(1,564,093)	(27,776)
Ending balance, shares at Sep. 30, 2019		22,788,416
Beginning balance, value at Mar. 31, 2020		$ 22,810	1,534,757	(1,620,044)	(62,477)
Beginning balance, shares at Mar. 31, 2020		22,809,666
Net loss				(97,360)	(97,360)
Issuance of common stock in connection with private placement		$ 478	478,272		478,750
Issuance of common stock in connection with private placement, shares		478,750
Ending balance, value at Jun. 30, 2020		$ 23,288	2,013,029	(1,717,404)	318,913
Ending balance, shares at Jun. 30, 2020		23,288,416
Beginning balance, value at Mar. 31, 2020		$ 22,810	1,534,757	(1,620,044)	(62,477)
Beginning balance, shares at Mar. 31, 2020		22,809,666
Net loss					(327,924)
Ending balance, value at Sep. 30, 2020		$ 23,438	2,174,879	(1,947,968)	250,349
Ending balance, shares at Sep. 30, 2020		23,438,416
Beginning balance, value at Jun. 30, 2020		$ 23,288	2,013,029	(1,717,404)	318,913
Beginning balance, shares at Jun. 30, 2020		23,288,416
Net loss				(230,564)	(230,564)
Issuance of common stock to consultant		$ 150	161,850		162,000
Issuance of common stock to consultant, shares		150,000
Ending balance, value at Sep. 30, 2020		$ 23,438	$ 2,174,879	$ (1,947,968)	$ 250,349
Ending balance, shares at Sep. 30, 2020		23,438,416

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended				6 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2019	Jun. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net loss	$ (230,564)	$ (97,360)	$ (45,385)	$ (23,703)	$ (327,924)	$ (69,088)
Adjustment to reconcile net loss to net cash flows provided by (used in) operating activities:
Stock-based compensation					162,000
Changes in assets and liabilities:
Accounts payable and accrued expenses					5,411	6,363
Net cash flows used in operating activities					(160,513)	(62,725)
Cash flows from financing activities:
Issuance of common stock					478,750	100,000
Net cash flows provided by financing activities					478,750	100,000
Net change in cash					318,237	37,275
Cash at beginning of period		$ 7,838		$ 19,486	7,838	19,486
Cash at end of period	$ 326,075		$ 56,761		326,075	56,761
Supplemental disclosure of non-cash flow information:
Common stock issued to consultant in lieu of cash					162,000
Income taxes paid

Business

Business	6 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Business	1. Business Business RocketFuel Blockchain Company, a Nevada corporation (“RocketFuel” or the “Company”) was formed on January 12, 2018 for the purpose of bringing highly efficient check-out systems to eCommerce. These new check-out means based upon blockchain technology are designed to increase speed, security, and ease of use. Using RocketFuel’s technology, merchants can enable new impulse buying schemes that may be unavailable in present day eCommerce sites. On June 27, 2018, we consummated a transaction as contemplated by that certain Contribution Agreement made and entered into as of June 27, 2018 by and among B4MC Gold Mines, Inc. (“B4MC”), a Nevada corporation, and us. Pursuant to the Contribution Agreement, B4MC issued 17,001,312 0.001 100 22,668,416

Interim Financial Statements an

Interim Financial Statements and Basis of Presentation	6 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interim Financial Statements and Basis of Presentation	2. Interim Financial Statements and Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information pursuant to Rule 8-03 of Regulation S-X. Accordingly, these unaudited condensed financial statements do not include all of the information and disclosures required by U.S. GAAP for complete financial statements. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments (consisting only of normal recurring adjustments), which we consider necessary, for a fair presentation of those financial statements. The results of operations and cash flows for the six months ended September 30, 2020 may not necessarily be indicative of results that may be expected for any succeeding quarter or for the entire fiscal year. These condensed financial statements should be read in conjunction with our audited financial statements as of March 31, 2020 as filed with the Securities and Exchange Commission (the “SEC”) on June 26, 2020. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments, which are evaluated on an ongoing basis, and that affect the amounts reported in our unaudited condensed financial statements and accompanying notes. Management bases its estimates on historical experience and on various other assumptions that it believes are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the amounts of revenues and expenses that are not readily apparent from other sources. Actual results could differ from those estimates and judgments. Our significant accounting policies are described in Note 3 to the audited financial statements as of March 31, 2020 which are included in our Annual Report on Form 10-K as filed with the SEC on June 26, 2020.

Going Concern

Going Concern	6 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	3. Going Concern Our financial statements have been presented on the basis that we are a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. During the six months ended September 30, 2020, we reported a net loss of $ 327,924 and negative cash flows of $ 160,513 from operating activities. These factors, among others, raise substantial doubt regarding our ability to continue as a going concern. The accompanying unaudited financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from our possible inability to continue as a going concern. We will require additional financing to continue to develop our product and execute on our business plan. However, there can be no assurances that we will be successful in raising the additional capital necessary to continue operations and execute on our business plan. ROCKETFUEL BLOCKCHAIN, INC. NOTES TO CONDENSED FINANCIAL STATEMENTS SEPTEMBER 30, 2020 (UNAUDITED) A novel strain of coronavirus (COVID-19) was first identified in December 2019, and subsequently declared a global pandemic by the World Health Organization on March 11, 2020. As a result of the outbreak, many companies have experienced disruptions in their operations and in markets served. We have instituted some and may take additional temporary precautionary measures intended to help ensure the well-being of its managers and minimize business disruption. We considered the impact of COVID-19 on the assumptions and estimates used and determined that there were no material adverse impacts on our results of operations and financial position at September 30, 2020. The full extent of the future impacts of COVID-19 on our operations is uncertain. A prolonged outbreak could have a material adverse impact on our financial results and business operations, including the timing and ability of obtaining financing to fund the operations and to develop our business plan.

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Sep. 30, 2020
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	4. New Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board or other standard setting bodies that may have an impact on our accounting and reporting. We believe that such recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future either will not have an impact on our accounting or reporting or that such impact will not be material to our financial position, results of operations and cash flows when implemented.

Income Taxes

Income Taxes	6 Months Ended
	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	5. Income Taxes We are required to file federal and state income tax returns in the United States. The preparation of these tax returns requires us to interpret the applicable tax laws and regulations in effect in such jurisdictions, which could affect the amount of tax paid by us. In consultation with our tax advisors, we base our tax returns on interpretations that are believed to be reasonable under the circumstances. The tax returns, however, are subject to routine reviews by the various federal and state taxing authorities in the jurisdictions in which we file tax returns. As part of these reviews, a taxing authority may disagree with respect to the income tax positions taken by us (“uncertain tax positions”) and, therefore, may require us to pay additional taxes. As required under applicable accounting rules, we accrue an amount for our estimate of additional income tax liability, including interest and penalties, which we could incur as a result of the ultimate or effective resolution of the uncertain tax positions. We account for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributed to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences and carry-forwards are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is established when necessary to reduce deferred tax assets to amounts expected to be realized. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. We had no 21.0 The U.S. Tax Cuts and Jobs Act (Tax Act) was enacted on December 22, 2017 and introduces significant changes to U.S. income tax law. Effective in 2018, the Tax Act reduces the U.S. statutory tax rate from 35% to 21% and creates new taxes on certain foreign-sourced earnings and certain related-party payments, which are referred to as the global intangible low-taxed income tax and the base erosion tax, respectively 15.5 8

Stockholders_ Equity (Deficit)

Stockholders’ Equity (Deficit)	6 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Stockholders’ Equity (Deficit)	6. Stockholders’ Equity (Deficit) Prior to August 8, 2018, we had 750,000,000 0.001 250,000,000 50,000,000 0.001 17,001,312 100 22,668,416 On September 3, 2019, a private investor purchased 100,000 1.00 On January 9, 2020, we sold 10,000 shares of our common stock to a private investor, resulting in cash proceeds of $ 10,000 11,250 shares of our common stock to a private investor, resulting in cash proceeds of $ 11,250 . On April 29, 2020, we entered into a subscription agreement with a private investor for the purchase of 478,750 shares of our common stock, at a purchase price of $ 1.00 per share, resulting in cash proceeds of $ 478,750 . This transaction was a part of a private placement of 500,000 shares of common stock. We paid a placement fee of $ 50,000 1,500,000 shares of common stock at $ 1.00 per share. The warrant expires on April 30, 2021 . We also agreed that upon the full and timely exercise of this warrant, we would issue a second warrant for an additional 1,500,000 shares of common stock at a purchase price of $ 1.50 per share; this second warrant will have a term of 12 months from the date of issue. On August 24, 2020, we issued 150,000 162,000 1.08 All of these transactions were exempt from registration under the Securities Act of 1933 pursuant to Regulation S thereunder. As of September 30, 2020, and March 31, 2020, we had 23,438,416 22,809,666

Employment Agreements

Employment Agreements	6 Months Ended
	Sep. 30, 2020
Employment Agreements
Employment Agreements	7. Employment Agreements On September 15, 2020, we appointed Mr. Peter M. Jensen as our Chief Executive Officer and a member of our board of directors. Mr. Jensen’s employment agreement provides for a base salary of $ 7,500 per month, which will increase to $ 20,000 per month once we have received gross proceeds of at least $ 2,000,000 in subsequent equity round financings. He will also be entitled to a performance bonus of $ 25,000 per calendar quarter based on his achieving quarterly financial and business objectives and milestones to be determined by our board of directors. Mr. Jensen also received a grant of service-based options to purchase 2,393,842 shares of our common stock pursuant to the 2018 Plan. Upon our closing of an equity funding, in one or more rounds prior to April 30, 2021, resulting in aggregate gross proceeds to us of $2,000,000 or more, Mr. Jensen will receive warrants to purchase 265,982 shares of our common stock. The warrants will have a term of 10 years, be fully vested on the date of issuance, and have an exercise price equal to the weighted average price per share paid by the investors in such equity funding rounds. Mr. Jensen’s employment agreement has a month-to-month term. If Mr. Jensen should voluntarily terminate his agreement, or if we terminate his agreement other than for cause (as defined in the 2018 Plan), then he will be entitled to 12 months of accelerated vesting of his stock options. ROCKETFUEL BLOCKCHAIN, INC. NOTES TO CONDENSED FINANCIAL STATEMENTS SEPTEMBER 30, 2020 (UNAUDITED) On October 2, 2020, we appointed Mr. Rohan Hall as our Chief Technology Officer. Mr. Hall’s employment agreement with us is retroactive to September 14, 2020. Mr. Hall’s employment agreement provides for a base salary of $ 12,000 per month. He will also be entitled to a performance bonus of $ 10,000 per calendar quarter based on his achieving quarterly financial and business objectives and milestones to be determined by our board of directors. Mr. Hall also received a grant of service-based options to purchase 500,000 shares of our common stock pursuant to the 2018 Plan. Mr. Hall also received an additional grant of two performance-based options that vest upon the completion of certain business objectives. The first grant is for 100,000 shares of our common stock, based on achieving certain milestones for the completion of our cryptocurrency and bank payment solutions. The second grant is for 500,000 shares of our common stock, based on achieving certain milestones for the completion of our blockchain reservation system for the travel industry. These performance-based options were also issued pursuant to the 2018 Plan. Mr. Hall’s employment agreement has a month-to-month term. If Mr. Hall should voluntarily terminate his agreement, or if we terminate his agreement other than for cause (as defined in the 2018 Plan), then he will be entitled to 12 months of accelerated vesting of his stock options.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Sep. 30, 2020
Compensation Related Costs [Abstract]
Stock-Based Compensation	8. Stock-Based Compensation Stock Option Plan On August 8, 2018, the Board and stockholders holding a majority of our voting power approved the RocketFuel Blockchain, Inc., 2018 Stock Incentive Plan (the “2018 Plan”), which plan enables us to make awards that qualify as performance-based compensation. Under the terms of the 2018 Plan, the options will (i) be incentive stock options, (ii) have an exercise price equal to the fair market value per share of our common stock on the date of grant as determined by an independent valuation by a qualified appraiser, (iii) have a term of 10 2,000,000 2,000,000 4,000,000 Stock-Based Compensation Pursuant to the 2018 Plan, we granted service-based options to (i) Mr. Peter M. Jensen, our chief executive officer, in the amount of 2,393,842 shares of our common stock on September 15, 2020; and (ii) Mr. Rohan Hall, our chief technical officer, in the amount of 500,000 shares of our common stock on September 14, 2020. These service-based options vest monthly over 48 months beginning on the first grant date monthly anniversary. Additionally, we granted performance-based options to Mr. Hall in the aggregated amount of 600,000 shares of our common stock. No milestones have been met pursuant to the terms of the performance-based options; accordingly, no options have vested. In determining the fair value of the service-based options granted pursuant to the 2018 Plan, we utilized the Black-Scholes pricing model utilizing the following assumptions: Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions Service-Based Options Total shares underlying options granted 2,893,842 Option exercise price per share $ 1.08 Grant date fair market value per share $ 1.08 Expected term of option in years 6.25 Expected volatility 85.0% Expected dividend rate 0.00% Risk free interest rate 0.54% Calculated option value $ 2,627,433 For the three and six months ended September 30, 2020, we recorded $ 0 3,993,842

Legal Proceedings

Legal Proceedings	6 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings	9. Legal Proceedings Other than as set forth below, we are not the subject of any pending legal proceedings; and to the knowledge of management, no proceedings are presently contemplated against us by any federal, state or local governmental agency. Further, to the knowledge of management, no director or executive officer is party to any action in which any has an interest adverse to us. On October 8, 2020, we filed a lawsuit in the U.S. District Court for the Central District of California against Joseph Page, our former director and chief technology officer. The causes of action include securities fraud under Federal and California law; fraud, breach of fiduciary duty, negligent misrepresentation and unjust enrichment under California law; and violation of California Business and Professions Code §17200 et seq 5.1

Subsequent Events

Subsequent Events	6 Months Ended
	Sep. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	10. Subsequent Events We evaluated all events or transactions that occurred after the balance sheet date through the date when we issued these financial statements, and we did not have any material recognizable subsequent events during this period.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Sep. 30, 2020
Compensation Related Costs [Abstract]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	In determining the fair value of the service-based options granted pursuant to the 2018 Plan, we utilized the Black-Scholes pricing model utilizing the following assumptions: Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions Service-Based Options Total shares underlying options granted 2,893,842 Option exercise price per share $ 1.08 Grant date fair market value per share $ 1.08 Expected term of option in years 6.25 Expected volatility 85.0% Expected dividend rate 0.00% Risk free interest rate 0.54% Calculated option value $ 2,627,433

Business (Details Narrative)

Business (Details Narrative) - $ / shares	Sep. 30, 2020	Mar. 31, 2020	Aug. 07, 2018	Jun. 27, 2018
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Common stock, shares issued	23,438,416	22,809,666
Common stock, par value	$ 0.001	$ 0.001	$ 0.001
Common stock, shares outstanding	23,438,416	22,809,666
Contribution Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Common stock, shares issued				22,668,416
Ownership interest				100.00%
Common stock, shares outstanding				22,668,416
Contribution Agreement [Member] | B4MC Gold Mines Inc [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Common stock, shares issued				17,001,312
Common stock, par value				$ 0.001

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	3 Months Ended				6 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2019	Jun. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net Income (Loss) Attributable to Parent	$ 230,564	$ 97,360	$ 45,385	$ 23,703	$ 327,924	$ 69,088
Net Cash Provided by (Used in) Operating Activities					$ 160,513	$ 62,725

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income tax credits		$ 0	$ 0
Effective tax rates	21.00%	21.00%
Income tax rate, description		Effective in 2018, the Tax Act reduces the U.S. statutory tax rate from 35% to 21% and creates new taxes on certain foreign-sourced earnings and certain related-party payments, which are referred to as the global intangible low-taxed income tax and the base erosion tax, respectively
Income taxes percentage on accumulated foreign subsidiary earnings		15.50%
Income taxes percentage on accumulated foreign subsidiary remaining earnings		8.00%

Stockholders_ Equity (Deficit)

Stockholders’ Equity (Deficit) (Details Narrative) - USD ($)	Aug. 24, 2020	Apr. 29, 2020	Feb. 13, 2020	Jan. 09, 2020	Sep. 03, 2019	Sep. 30, 2020	Sep. 30, 2020	Sep. 30, 2019	May 01, 2020	Mar. 31, 2020	Aug. 08, 2018	Aug. 07, 2018	Jun. 27, 2018
Subsidiary, Sale of Stock [Line Items]
Common stock, shares authorized						250,000,000	250,000,000			250,000,000	250,000,000	750,000,000
Common stock, par value						$ 0.001	$ 0.001			$ 0.001		$ 0.001
Preferred stock, shares authorized						50,000,000	50,000,000			50,000,000	50,000,000
Preferred stock, par value						$ 0.001	$ 0.001			$ 0.001	$ 0.001
Common stock, shares issued						23,438,416	23,438,416			22,809,666
Common Stock, Shares, Outstanding						23,438,416	23,438,416			22,809,666
Number of shares issued to consultant in lieu of cash for services	150,000
Shares issued, price per share	$ 1.08
Proceeds from Issuance of Common Stock							$ 478,750	$ 100,000
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right									1,500,000
Class of Warrant or Right, Exercise Price of Warrants or Rights									$ 1
Warrants and Rights Outstanding, Maturity Date									Apr. 30, 2021
Value of shares issued to consultant in lieu of cash for services	$ 162,000					$ 162,000
Second Warrant [Member]
Subsidiary, Sale of Stock [Line Items]
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right									1,500,000
Class of Warrant or Right, Exercise Price of Warrants or Rights									$ 1.50
Warrants and Rights Outstanding, Term									12 months
Private Investor [Member]
Subsidiary, Sale of Stock [Line Items]
Number of shares issued to consultant in lieu of cash for services					100,000
Shares issued, price per share					$ 1
Sale of Stock, Number of Shares Issued in Transaction			11,250	10,000
Proceeds from Issuance of Common Stock			$ 11,250	$ 10,000
Contribution Agreement [Member]
Subsidiary, Sale of Stock [Line Items]
Common stock, shares issued													22,668,416
Ownership interest exchange, percentage													100.00%
Common Stock, Shares, Outstanding													22,668,416
Contribution Agreement [Member] | B4MC Gold Mines Inc [Member]
Subsidiary, Sale of Stock [Line Items]
Common stock, par value													$ 0.001
Common stock, shares issued													17,001,312
Subscription Agreement [Member]
Subsidiary, Sale of Stock [Line Items]
Sale of Stock, Number of Shares Issued in Transaction		478,750
Sale of Stock, Price Per Share		$ 1
Sale of Stock, Consideration Received on Transaction		$ 478,750
Subscription Agreement [Member] | Private Placement [Member]
Subsidiary, Sale of Stock [Line Items]
Sale of Stock, Number of Shares Issued in Transaction		500,000
Private placement fee amount paid		$ 50,000

Employment Agreements (Details

Employment Agreements (Details Narrative) - USD ($)	Oct. 02, 2020	Sep. 15, 2020	Sep. 14, 2020
Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Salary and Wage, Officer, Excluding Cost of Good and Service Sold		$ 7,500
Salary per month		20,000
Proceeds from Other Equity		2,000,000
Performance bonus		$ 25,000
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		265,982
Warrants and Rights Outstanding, Term		10 years
Chief Executive Officer [Member] | Two Thousand Eighteen Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		2,393,842
Chief Technology Officer [Member] | Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Salary per month	$ 12,000
Performance bonus	$ 10,000
Chief Technology Officer [Member] | Two Thousand Eighteen Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			500,000
Chief Technology Officer [Member] | Two Thousand Eighteen Plan [Member] | Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			100,000
Chief Technology Officer [Member] | Two Thousand Eighteen Plan [Member] | Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			500,000

Schedule of Share-based Payment

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details) - Service Options [Member]	6 Months Ended
	Sep. 30, 2020USD ($)$ / sharesshares
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total shares underlying options granted | shares	2,893,842
Option exercise price per share	$ 1.08
Grant date fair market value per share	$ 1.08
Expected term of option in years	6 years 3 months
Expected volatility	85.00%
Expected dividend rate	0.00%
Risk free interest rate	0.54%
Calculated option value | $	$ 2,627,433

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Narrative) - USD ($)	Sep. 15, 2020	Sep. 14, 2020	Aug. 08, 2020	Sep. 30, 2020	Sep. 30, 2020
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Compensation expense in connection with grant of options				$ 0	$ 0
Chief Technology Officer [Member] | Performance Based Options [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		600,000
Two Thousand Eighteen Plan [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Options vest term			10 years
Number of common shares reserved for future issuance			2,000,000
Number of options outstanding				3,993,842	3,993,842
Two Thousand Eighteen Plan [Member] | Chief Executive Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	2,393,842
Two Thousand Eighteen Plan [Member] | Chief Technology Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		500,000
Two Thousand Eighteen Plan [Member] | Minimum [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Number of shares available for grant	2,000,000
Two Thousand Eighteen Plan [Member] | Maximum [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Number of shares available for grant	4,000,000

Legal Proceedings (Details Narr

Legal Proceedings (Details Narrative) $ in Millions	Oct. 08, 2020USD ($)
Subsequent Event [Member]
Subsequent Event [Line Items]
Damages sought value	$ 5.1