RocketFuel Blockchain (RKFL) 10-Q 16 Feb 21 2021 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Dec. 31, 2020	Feb. 16, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2020
Document Fiscal Period Focus	Q3
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, Address Line Two	Suite D-525
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		24,038,416

Balance Sheets (Unaudited)

Balance Sheets (Unaudited) - USD ($)	Dec. 31, 2020	Mar. 31, 2020
Current assets:
Cash	$ 603,256	$ 7,838
Total current assets and total assets	603,256	7,838
Current liabilities:
Accounts payable and accrued expenses	87,553	70,315
Total current liabilities and total liabilities	87,553	70,315
Stockholders’ equity (deficit):
Preferred stock; $0.001 par value; 50,000,000 shares authorized; and no shares issued and outstanding as of December 31, 2020 and March 31, 2020, respectively
Common stock; $0.001 par value; 250,000,000 shares authorized; and 23,838,416 and 22,809,666 shares issued and outstanding as of December 31, 2020 and March 31, 2020, respectively	23,838	22,810
Additional paid-in capital	2,688,696	1,534,757
Accumulated deficit	(2,196,831)	(1,620,044)
Total stockholders’ equity (deficit)	515,703	(62,477)
Total liabilities and stockholders’ equity (deficit)	$ 603,256	$ 7,838

Balance Sheets (Unaudited) (Par

Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Dec. 31, 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	23,838,416	22,809,666
Common Stock, Shares, Outstanding	23,838,416	22,809,666

Statements of Operations (Unaud

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Revenues
Expenses:
Research and development	18,864	781	32,773	3,390
General and administrative expenses	229,999	35,938	544,014	102,417
Total expenses	248,863	36,719	576,787	105,807
Loss from operations	(248,863)	(36,719)	(576,787)	(105,807)
Net loss before provision for income taxes	(248,863)	(36,719)	(576,787)	(105,807)
Provision for income taxes
Net loss	$ (248,863)	$ (36,719)	$ (576,787)	$ (105,807)
Net loss per common share:
Basic and diluted	$ (0.01)	$ 0	$ (0.02)	$ 0
Weighted average common shares outstanding:
Basic and diluted	23,561,493	22,788,416	23,344,000	22,731,847

Statement of Stockholders' Equi

Statement of Stockholders' 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					(105,807)
Ending balance, value at Dec. 31, 2019		$ 22,788	1,513,529	(1,600,812)	(64,495)
Ending balance, shares at Dec. 31, 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
Issuance of common stock in connection with private placement		$ 100	99,900		100,000
Issuance of common stock in connection with private placement, shares		100,000
Net loss				(45,385)	(45,385)
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
Net loss				(36,719)	(36,719)
Ending balance, value at Dec. 31, 2019		$ 22,788	1,513,529	(1,600,812)	(64,495)
Ending balance, shares at Dec. 31, 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
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
Net loss				(97,360)	(97,360)
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					(576,787)
Ending balance, value at Dec. 31, 2020		$ 23,838	2,688,696	(2,196,831)	515,703
Ending balance, shares at Dec. 31, 2020		23,838,416
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
Issuance of common stock to consultant		$ 150	161,850		162,000
Issuance of common stock to consultant, shares		150,000
Net loss				(230,564)	(230,564)
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
Issuance of common stock in connection with exercise of investor warrants		$ 400	399,600		400,000
Issuance of common stock in connection with exercise of investor warrants, shares		400,000
Stock-based compensation - employee option grants			164,217		164,217
Placement agent fee			(50,000)		(50,000)
Net loss				(248,863)	(248,863)
Ending balance, value at Dec. 31, 2020		$ 23,838	$ 2,688,696	$ (2,196,831)	$ 515,703
Ending balance, shares at Dec. 31, 2020		23,838,416

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended				9 Months Ended
	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net loss	$ (248,863)	$ (97,360)	$ (36,719)	$ (23,703)	$ (576,787)	$ (105,807)
Adjustment to reconcile net loss to net cash flows provided by (used in) operating activities:
Stock-based compensation					326,217
Changes in assets and liabilities:
Accounts payable and accrued expenses					17,238	(7,872)
Net cash flows used in operating activities					(233,332)	(113,679)
Cash flows from financing activities:
Proceeds from issuance of common stock, net of placement agent fee					828,750	100,000
Net cash flows provided by financing activities					828,750	100,000
Net change in cash					595,418	(13,679)
Cash at beginning of period		$ 7,838		$ 19,486	7,838	19,486
Cash at end of period	$ 603,256		$ 5,807		603,256	5,807
Supplemental disclosure of non-cash flow information:
Common stock issued to consultant in lieu of cash					162,000
Income taxes paid

Business

Business	9 Months Ended
	Dec. 31, 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	9 Months Ended
	Dec. 31, 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 nine months ended December 31, 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. Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations. 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	9 Months Ended
	Dec. 31, 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. In addition, we have not generated revenue since our inception. During the nine months ended December 31, 2020, we reported a net loss of $ 576,787 and negative cash flows of $ 233,332 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. 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 December 31, 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	9 Months Ended
	Dec. 31, 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	9 Months Ended
	Dec. 31, 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% 21% 15.5% to the extent of foreign cash and certain other net current assets and 8% on the remaining earnings.

Stockholders_ Equity (Deficit)

Stockholders’ Equity (Deficit)	9 Months Ended
	Dec. 31, 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 0.001 100% 22,668,416 ROCKETFUEL BLOCKCHAIN, INC. NOTES TO CONDENSED FINANCIAL STATEMENTS DECEMBER 31, 2020 (UNAUDITED) On September 3, 2019, a private investor purchased 100,000 1.00 On January 9, 2020, we sold 10,000 10,000 11,250 11,250 On April 29, 2020, we entered into a subscription agreement with a private investor for the purchase of 478,750 1.00 478,750 500,000 50,000 On May 1, 2020, we issued a warrant to purchase 1,500,000 1.00 April 30, 2021 1,500,000 1.50 12 400,000 1.00 400,000 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 Regulations D and S thereunder. As of December 31, 2020, and March 31, 2020, we had 23,838,416 22,809,666

Employment Agreements

Employment Agreements	9 Months Ended
	Dec. 31, 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 20,000 2,000,000 25,000 2,393,842 265,982 10 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 10,000 500,000 100,000 500,000 ROCKETFUEL BLOCKCHAIN, INC. NOTES TO CONDENSED FINANCIAL STATEMENTS DECEMBER 31, 2020 (UNAUDITED)

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Dec. 31, 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 On August 8, 2018, pursuant to the 2018 Plan, our Board of Directors approved the grant of options to purchase 500,000 3.00 10 3.00 4.00 7 40 0.0 2.80 1,100,350 We also granted service-based options pursuant to the 2018 Plan to (i) Mr. Peter M. Jensen, our chief executive officer, in the amount of 2,393,842 500,000 600,000 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 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 % Schedule of Stock Option Activity Options Outstanding Weighted-Average Exercise Price per Share Weighted-Average Remaining Contractual Term in Years Aggregate Intrinsic Value (in thousands) Options outstanding as of April 1, 2020 - $ Granted 2,893,842 Exercised - Cancelled or forfeited - Options outstanding as of December 31, 2020 2,893,842 $ 1.08 9.75 $ 2,662,335 Options exercisable as of December 31, 2020 212,118 $ 1.08 9.75 $ 195,149 Options vested or expected to vest as of March 31, 2020 212,118 $ 1.08 9.75 $ 195,149 ROCKETFUEL BLOCKCHAIN, INC. NOTES TO CONDENSED FINANCIAL STATEMENTS DECEMBER 31, 2020 (UNAUDITED) The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the closing price of the common stock on December 31, 2020 of $ 2.00 no 6,158 For the three and nine months ended December 31, 2020, we recorded $ 164,217 164,217 2,463,217 3,993,842

Legal Proceedings

Legal Proceedings	9 Months Ended
	Dec. 31, 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. On January 13, 2021, the case was transferred to the U.S. District Court for the District of Nevada, Las Vegas Division. 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 million. On May 29, 2019, Mr. Page resigned from our board. Subsequent to his resignation, we retained independent patent counsel to review our patent applications. In connection with this review, we discovered certain deficiencies in some of the applications and in their assignments to us. We determined that all of the applications had been abandoned. Based on this review, we decided to refile three of our applications with the U.S. Patent and Trademark Office, which we did in May 2020. It is our belief that the three newly filed patent applications cover and/or disclose the same subject matter as we disclosed in the five original patent applications. In this case, our rights may be subject to any intervening patent applications made after the dates of the original applications. In the lawsuit, we are alleging that Mr. Page was aware of the abandonments when he assigned the patents to RocketFuel Blockchain Company (“RBC”), a private corporation that he controlled, and that he failed to disclose to us the abandonments when we acquired RBC in exchange for shares of our common stock. Mr. Page has filed an answer denying our claims and has asserted cross- and counterclaims against us and several of our shareholders alleging breach of contract and fraud. We intend to vigorously contest these allegations.

Subsequent Events

Subsequent Events	9 Months Ended
	Dec. 31, 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, other than the events set forth herein, we did not have any other material recognizable subsequent events during this period. On January 18, 2021 and January 25, 2021, a private investor exercised warrants providing for the issuance of 200,000 1.00 200,000

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Dec. 31, 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 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 %
Schedule of Stock Option Activity	Schedule of Stock Option Activity Options Outstanding Weighted-Average Exercise Price per Share Weighted-Average Remaining Contractual Term in Years Aggregate Intrinsic Value (in thousands) Options outstanding as of April 1, 2020 - $ Granted 2,893,842 Exercised - Cancelled or forfeited - Options outstanding as of December 31, 2020 2,893,842 $ 1.08 9.75 $ 2,662,335 Options exercisable as of December 31, 2020 212,118 $ 1.08 9.75 $ 195,149 Options vested or expected to vest as of March 31, 2020 212,118 $ 1.08 9.75 $ 195,149

Business (Details Narrative)

Business (Details Narrative) - $ / shares	Dec. 31, 2020	Mar. 31, 2020	Aug. 07, 2018	Jun. 27, 2018
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Common stock, shares issued	23,838,416	22,809,666
Common stock, par value	$ 0.001	$ 0.001	$ 0.001
Common stock, shares outstanding	23,838,416	22,809,666
Contribution Agreement [Member] | Post Merger Shares of B4MC Gold Mines Inc. [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Common stock, shares issued				22,668,416
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
Ownership interest				100.00%

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	3 Months Ended						9 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2020	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net Income (Loss) Attributable to Parent	$ 248,863	$ 230,564	$ 97,360	$ 36,719	$ 45,385	$ 23,703	$ 576,787	$ 105,807
Net Cash Provided by (Used in) Operating Activities							$ 233,332	$ 113,679

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	3 Months Ended	9 Months Ended
	Dec. 31, 2020USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2017
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.
Federal tax rate, percentage		0.21	0.35
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	Dec. 18, 2020	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 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							23,838,416		23,838,416			22,809,666
Common stock, shares outstanding							23,838,416		23,838,416			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									$ 828,750	$ 100,000
Number of warrants issued											1,500,000
Exercise price of warrants						$ 1					$ 1
Warrants, maturity date											Apr. 30, 2021
Issuance of common stock in connection with exercise of investor warrants, shares						400,000
Issuance of common stock in connection with exercise of investor warrants						$ 400,000	$ 400,000
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]
Number of warrants issued											1,500,000
Exercise price of warrants											$ 1.50
Warrants, 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] | Post Merger Shares of B4MC Gold Mines Inc. [Member]
Subsidiary, Sale of Stock [Line Items]
Common stock, shares issued															22,668,416
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
Ownership interest exchange, percentage															100.00%
Subscription Agreement [Member]
Subsidiary, Sale of Stock [Line Items]
Sale of stock, number of shares issued in transaction		478,750
Proceeds from issuance of common stock		$ 478,750
Sale of stock, price per share		$ 1
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	Dec. 31, 2020
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				2,893,842
Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Base salary		$ 7,500
Salary per month		20,000
Proceeds from other equity		2,000,000
Performance bonus		$ 25,000
Warrants to purchase common stock		265,982
Warrants 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]
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) - $ / shares	Aug. 08, 2018	Dec. 31, 2020
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected term of option in years	7 years	6 years 3 months
Expected volatility	40.00%
Expected dividend rate	0.00%
Risk free interest rate	2.80%
Service Options [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Option exercise price per share		$ 1.08
Grant date fair market value per share		$ 1.08
Expected volatility		85.00%
Expected dividend rate		0.00%
Risk free interest rate		0.54%

Schedule of Stock Option Activi

Schedule of Stock Option Activity (Details) - USD ($)	9 Months Ended	12 Months Ended
	Dec. 31, 2020	Mar. 31, 2020
Compensation Related Costs [Abstract]
Option Outstanding, Number Beginning Balance
Option Outstanding, Granted	2,893,842
Option Outstanding, Exercised
Option Outstanding, Cancelled or Forfeited
Option Outstanding, Number, Ending Balance	2,893,842
Weighted Average Exercise Price Per Share, Number Ending Balance	$ 1.08
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	9 years 9 months
Aggregate Intrinsic Value, Ending Balance	$ 2,662,335
Option Outstanding, Options Exercisable Ending Balance	212,118
Weighted Average Exercise Price Per Share, Options Exercisable Ending Balance	$ 1.08
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	9 years 9 months
Aggregate Intrinsic Value, Options Exercisable Ending Balance	$ 195,149
Option Outstanding, Vested or Expected to Vest, Ending Balance		212,118
Weighted Average Exercise Price Per Share, Vested or Expected to Vest Ending Balance		$ 1.08
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term		9 years 9 months
Aggregate Intrinsic Value Options Options Vested or Expected to Vest Ending Balance		$ 195,149

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Narrative) - USD ($)	Sep. 15, 2020	Sep. 14, 2020	Aug. 08, 2018	Dec. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Mar. 31, 2020
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					2,893,842
Option exercisable term					9 years 9 months
Stock option exercise price			$ 3
Fair market value of our common stock			$ 4
Expected term of option			7 years		6 years 3 months
Expected volatility			40.00%
Expected dividend rate			0.00%
Risk-free interest rate			2.80%
Stock-based compensation			$ 1,100,350		$ 326,217
Pre-tax intrinsic value				$ 2	$ 2
Option Outstanding, Exercised
Compensation expense in connection with grant of options				$ 164,217	$ 164,217
Unamortized stock-based compensation expense				$ 2,463,217	$ 2,463,217
Number of options outstanding				2,893,842	2,893,842
Option Agreement [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Options exercise price			$ 3
Option exercisable term			10 years
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 shares available for grant				6,158	6,158
Option Outstanding, Exercised					0
Number of options outstanding				3,993,842	3,993,842
Two Thousand Eighteen Plan [Member] | Mr. Bennett J. Yankowitz [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] | 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 ($)
Commitments and Contingencies Disclosure [Abstract]
Loss Contingency, Damages Sought, Value	$ 5.1

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	Jan. 25, 2021	Dec. 18, 2020	Dec. 31, 2020	May 01, 2020
Subsequent Event [Line Items]
Issuance of common stock in connection with exercise of investor warrants		$ 400,000	$ 400,000
Exercise price of warrants		$ 1		$ 1
Issuance of common stock in connection with exercise of investor warrants, shares		400,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Issuance of common stock in connection with exercise of investor warrants	$ 200,000
Exercise price of warrants	$ 1
Issuance of common stock in connection with exercise of investor warrants, shares	200,000