RocketFuel Blockchain (RKFL) 10-Q 16 Aug 21 2021 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Jun. 30, 2021	Aug. 16, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2021
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--03-31
Entity File Number	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	201 Spear Street
Entity Address, Address Line Two	Suite 1100
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94105
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		24,998,416

Balance Sheets

Balance Sheets - USD ($)	Jun. 30, 2021	Mar. 31, 2021
Current assets
Cash	$ 506,491	$ 800,331
Accounts receivable	20,000	10,000
Prepaid and other current assets	60,000	5,000
Total current assets	586,491	815,331
Total assets	586,491	815,331
Current liabilities:
Accounts payable and accrued expenses	232,830	144,830
Payable to related party	16,330	35,475
Deferred revenue	17,500	10,000
Total current liabilities	266,660	190,305
Total liabilities	266,660	190,305
Stockholders’ equity (deficit):
Preferred stock; $0.001 par value; 50,000,000 and 0 shares authorized; and 0 shares issued and outstanding as of June 30, 2021 and March 31, 2021, respectively
Common stock; $0.001 par value; 250,000,000 shares authorized; 24,988,416 shares and 24,438,416 shares issued and outstanding as of June 30, 2021 and March 31, 2021, respectively	24,988	24,438
Additional paid-in capital	5,483,060	4,584,214
Accumulated deficit	(5,188,217)	(3,983,626)
Total stockholders’ equity (deficit)	319,831	625,026
Total liabilities and stockholders’ equity (deficit)	$ 586,491	$ 815,331

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2021	Mar. 31, 2021
Statement of Financial Position [Abstract]
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	50,000,000	0
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, Outstanding	24,988,416	24,438,416
Common stock, shares issued	24,988,416	24,438,416

Statements of Operations (Unaud

Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Revenues	$ 2,500
Operating expenses:
Research and development expenses	326,217	3,605
General and administrative expenses	880,874	93,755
Total operating expenses	1,207,091	97,360
Loss from operations	(1,207,091)	(97,360)
Net loss before provision for income taxes	(1,204,591)	(97,360)
Provision for income taxes
Net loss	$ (1,204,591)	$ (97,360)
Net loss per common share:
Basic and diluted	$ (0.05)	$ 0
Weighted average common shares outstanding:
Basic and diluted	24,868,416	23,118,194

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, 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, 2021		$ 24,438	4,584,214	(3,983,626)	625,026
Beginning balance, shares at Mar. 31, 2021		24,438,416
Net loss				(1,204,591)	(1,204,591)
Issuance of common stock in connection with exercise of common stock purchase warrants		$ 550	581,950		582,500
Issuance of common stock in connection with exercise of common stock purchase warrants, shares		550,000
Stock-based compensation – employee and consultant option grants			316,896		316,896
Ending balance, value at Jun. 30, 2021		$ 24,988	$ 5,483,060	$ (5,188,217)	$ 319,831
Ending balance, shares at Jun. 30, 2021		24,988,416

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net loss	$ (1,204,591)	$ (97,360)
Adjustments to reconcile net loss to net cash flows used in operating activities
Stock-based compensation in connection with stock option grants	316,896
Changes in assets and liabilities:
Accounts receivable	(10,000)
Prepaid and other current assets	(55,000)
Accounts payable and accrued expenses	88,000	127
Payable to related party	(19,145)
Deferred revenue	7,500
Net cash flows used in operating activities	(876,340)	(97,233)
Cash flows from financing activities:
Proceeds from issuance of common stock, net of placement agent fee	582,500	478,750
Net cash flows provided by financing activities	582,500	478,750
Net change in cash	(293,840)	381,517
Cash at beginning of period	800,331	7,838
Cash at end of period	506,491	389,355
Supplemental disclosure of non-cash flow information:
Income taxes paid

Business

Business	3 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Business	1. Business Our Corporate History On June 27, 2018 (the “Closing Date”), RocketFuel Blockchain Company (“RBC”) and B4MC Gold Mines, Inc., a Nevada Corporation (“B4MC” or the “Purchaser”), consummated the transactions contemplated by that certain Contribution Agreement (the “Contribution Agreement”) made and entered into as of June 27, 2018 by and among RBC, the Purchaser and Gert Funk, Joseph Page, PacificWave Partners Limited, PacificWave Partners UK Ltd. and Saxton Capital Ltd (collectively referred to herein as the “Sellers”, individually each a “Seller”). Pursuant to the Contribution Agreement the Sellers contributed, transferred, assigned and conveyed to B4MC all right, title and interest in and to one hundred percent ( 100 17,001,312 0.001 100 Prior to the Business Combination, B4MC was a “shell company,” as such term is defined in Rule 12b-2 under the Exchange Act. As a result of the Business Combination, we have ceased to be a “shell company.” The Business Combination was treated as a “reverse acquisition” of RBC for financial accounting purposes. RBC was considered the acquirer for accounting purposes, and the historical financial statements of BFMC before the Business Combination were replaced with the historical financial statements of RBC before the Business Combination in all future filings with the SEC. The Purchaser Common Stock issued to the Sellers in connection with the Business Combination have not been registered under the Securities Act, in reliance upon the exemption from registration provided by Section 4(a)(2), which exempts transactions by an issuer not involving any public offering, Regulation D and/or Regulation S promulgated by the SEC under that section. These shares may not be offered or sold in the United States absent registration or an applicable exemption from registration. In this report, references to RocketFuel, the “Company,” “we” and similar terms are to B4MC following the consummation of the reverse acquisition. In September 2018 B4MC changed its name to RocketFuel Blockchain, Inc. The foregoing description of the Contribution Agreement does not purport to be complete. For further information, please refer to the copy of the Contribution Agreement included as Exhibit 2.1 to the Current Report on Form 8-K which was filed with the SEC on June 29, 2018. There are representations and warranties contained in the Contribution Agreement that were made by the parties to each other as of the date of execution. The assertions embodied in these representations and warranties were made solely for purposes of the Contribution Agreement and may be subject to important qualifications and limitations agreed to by the parties in connection with negotiating their terms. Moreover, some representations and warranties may not be accurate or complete as of any specified date because they are subject to a contractual standard of materiality that is different from certain standards generally applicable to shareholders or were used for the purpose of allocating risk between the parties rather than establishing matters as facts. For these reasons, investors should not rely on the representations and warranties in the Contribution Agreement as statements of factual information. Business We provide check-out and payment systems that securely automate and simplify the way online payment and shipping information is received by merchants from their customers. Our “one click” checkout solution is modeled on the “buy now” button on leading eCommerce sites. Our check-out systems are designed to enhance customers’ data protection, enabling consumers to pay for goods and services using cryptocurrencies or by direct transfers from their bank accounts without exposing spending credentials such as credit card data. At the same time, our check-out systems are designed to increase the speed, security and ease of use for both customers and merchants and include a merchant portal that provides detailed transactions and metrics about payments received by the merchant. Our system also includes a customer portal where shoppers are able to track their payments, configure payment defaults and connect with various cryptocurrency exchanges and banks to facilitate payment to merchants. Merchants are able to integrate a unique pop-up user interface that allows customers to pay directly from their ecommerce checkout page with no need to redirect to another website or web page. ROCKETFUEL BLOCKCHAIN, INC. NOTES TO FINANCIAL STATEMENTS JUNE 30, 2021 (UNAUDITED) Our merchant portal is updated instantly when a payment transaction is made on the merchant website. The merchant is notified of the transaction and can see the transaction details, including the customer that made the transaction, the transaction amount and the transaction items. This information is added to the merchant dashboard where various metrics are tracked and displayed to the merchant, including information about the various cryptocurrencies that are used for payments to that merchant and the different currencies received by the merchant as payment. In addition to various metrics, merchants are able to see a variety of reports, and are able to configure various options including settlement options from their portal. Customers of merchants that use the RocketFuel payment solution are able to track their payments in their online portal. They are also able to track payments they made to all the merchants that are integrated with the RocketFuel payment technology within one consolidated user portal. They are currently able to connect to their accounts on Coinbase, and in the future we plan to add connectivity to Binance, Kraken, Gemini and other exchanges. They can also pay from any cryptocurrency wallet. Customers are able to pay from bank accounts as well. These customers are able to make payment with any of these payment options with 1, 2, or 3 clicks from the merchant checkout page. By default, these customers can choose from dozens of cryptocurrencies to pay from. Our payment user interface allows customers to easily onboard as well as to pay for merchants’ products or services with a variety of cryptocurrencies or via bank transfers. The user interface is displayed as a stand-alone popup that allows the creation of new accounts as well as payment directly from crypto exchanges, crypto wallets, and bank accounts, with no redirects to browser tabs or pages. This can be integrated as a plugin on the merchant checkout page or as a browser extension. The plugin, which we are currently developing, will come integrated with popular ecommerce platforms including WooCommerce, Shopify, Prestashop and others. The browser extension is integrated with popular browsers including Chrome, Chromium, Opera, Firefox, and Edge. The payment interface is designed for both web and mobile checkout experiences. Merchants are able to integrate the RocketFuel payment interface to their checkout page with software development kits (SDKs) that are available via the merchant portal. Application programming interfaces (APIs) are also available to the merchant for deeper integration into backend systems, ERP platforms, and other third-party platforms. The RocketFuel payment solution utilizes a variety of blockchains in its execution including Bitcoin, Ethereum and others where the payment transactions are stored. A significant benefit of this technology is that the entire shopping cart checkout process will be accomplished via a distributed ledger or “blockchain,” meaning that merchant websites will no longer be required to operate complex payment and check-out infrastructures. Our solution is designed to be implemented on an eCommerce site’s check-out page. The technology will also be used for different scenarios, including paying for services, paying invoices, and other payment strategies. In addition, we anticipate that a future version of our payment system will allow for advertisements in which the entire check out process is embedded on third party websites where sales may be completely finalized. Thus, our technology will enable eCommerce strategies that can include advertisements with a fully integrated check-out process. We believe that this has never before been accomplished on any eCommerce platform. We believe that such advertisements could provide significant new sales channels to retailers that are simply not possible with legacy check-out solutions. We also believe that transactions costs on our system will be significantly less expensive than the cost of credit-card transactions. The RocketFuel check-out solution is based on a streamlined one- to-three-click check-out process for eCommerce purchases. The system is designed to operate identically across merchant channels with all participating merchants. eCommerce merchants are able to encode their check-out protocol to support our technology and the merchants will no longer have to administer complex check-out and payment gateways at their eCommerce websites. At the same time, consumers are able to experience enhanced data protection opportunities and significantly improved convenience. With the RocketFuel check-out systems, consumers will no longer have to enter credit card information or shipping details every time they want to buy online. Payment and shipping information will be handled automatically. Using the RocketFuel payment solution, credit card data will no longer be shared or transmitted and exposed online. Rather, payments will be made via 100% secure cryptocurrency conveyance or direct bank transfer on the blockchain. Our corporate headquarters are located in San Francisco, California.

Interim Financial Statements an

Interim Financial Statements and Basis of Presentation	3 Months Ended
	Jun. 30, 2021
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 three months ended June 30, 2021 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, 2021 as filed with the Securities and Exchange Commission (the “SEC”) on July 22, 2021. 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, 2021 which are included in our Annual Report on Form 10-K as filed with the SEC on July 22, 2021.

Going Concern

Going Concern	3 Months Ended
	Jun. 30, 2021
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. We incorporated our business on January 12, 2018, the date of our inception, and commenced commercial operations in March 2021. During the three months ended June 30, 2021, we reported a net loss of $ 1,204,591 316,896 876,340 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. During the three months ended June 30, 2021 we raised $ 582,500

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Jun. 30, 2021
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.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	5. Related Party Transactions During the three months ended June 30, 2021 and 2020, our chief financial officer was affiliated with legal counsel who provided us with general legal services (the “Affiliate”). We recorded legal fees paid to the Affiliate of $ 24,160 5,503 16,330 35,475 In May 2021, we paid an affiliate of our executive chairman $ 3,000

Deferred Revenue

Deferred Revenue	3 Months Ended
	Jun. 30, 2021
Revenue Recognition and Deferred Revenue [Abstract]
Deferred Revenue	6. Deferred Revenue During the three months ended June 30, 2021, we recorded revenues of $ 2,500 10,000 10,000 10,000 17,500 10,000

Income Taxes

Income Taxes	3 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	7. 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 income tax credits for the three months ended June 30, 2021 and 2020. The effective tax rates for the three months ended June 30, 2021 was 21.0

Stockholders_ Equity (Deficit)

Stockholders’ Equity (Deficit)	3 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Stockholders’ Equity (Deficit)	8. Stockholders’ Equity (Deficit) 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, the Company issued a warrant to purchase 1,500,000 shares of common stock at $ 1.00 per share (the “First Warrant”). The warrant expired on April 30, 2021 . The Company also agreed that upon the full and timely exercise of the First Warrant, it would issue a second warrant for an additional 1,500,000 shares of common stock at a purchase price of $ 1.50 per share having a term of 12 months from the date of issue (the “Second Warrant”). The First Warrant was transferred to an affiliate of the original holder in November 2021. During the three-month period ended March 31, 2021, the warrant holder exercised warrants from the First Warrant to purchase 1,100,000 shares of our common stock of which (i) 1,000,000 shares of our common stock were issued in consideration of gross proceeds of $ 1,000,000 prior to March 31, 2021; and (ii) 100,000 shares of our common stock, for which we received notice of exercise on March 31, 2021, were issued in April 2021 in consideration of gross proceeds of $ 100,000 . Additionally, the warrant holder exercised the First Warrant for the remaining 400,000 shares of our common stock in April 2021 in consideration of gross proceeds of $ 400,000 . On April 26, 2021 we issued the Second Warrant to the holder. 2,250,000 1.00 100,000 On August 24, 2020, we issued 150,000 162,000 1.08 On February 25, 2021, we entered into a Common Stock Purchase Agreement (the “Stock Purchase Agreement”) with Triton Funds, LP, a Delaware limited partnership (“Triton” or the “Selling Stockholder,” which term also includes Triton’s successors and assigns under the Stock Purchase Agreement and the Warrant). Under the Stock Purchase Agreement Triton, which is an unrelated third party, agreed to invest up to $ 1,000,000 500,000 1.65 80 15,000 Triton’s obligation to purchase Common Stock is conditioned on certain factors including, but not limited to, our having an effective S-1 registration statement in effect for resale of the Common Stock being purchased and Triton’s ownership not exceeding 4.99 In connection with the Stock Purchase Agreement, we also issued to Triton warrants to purchase, in one or more instalments, 800,000 1.65 80 50,000 82,500 ROCKETFUEL BLOCKCHAIN, INC. NOTES TO FINANCIAL STATEMENTS JUNE 30, 2021 (UNAUDITED) From January 1, 2018 through June 30, 2021, we granted stock options under our 2018 Stock Incentive Plan, as amended, to issue up to an aggregate of 5,499,585 shares of our common stock to our employees, directors, and consultants, at a weighted average exercise price of $ 1.08 per share. On February 15, 2021, we issued a warrant to purchase 265,982 1.00 All of these transactions were exempt from registration under the Securities Act of 1933 pursuant to Regulations D or S, or Rule 701, thereunder. As of June 30, 2021, and March 31, 2021, we had 24,988,416 24,438,416

Employment Agreements

Employment Agreements	3 Months Ended
	Jun. 30, 2021
Employment Agreements
Employment Agreements	9. Employment Agreements Gert Funk Mr. Funk has received a grant of options to purchase 500,000 The options will be issued under our 2018 Plan. The options will (i) be incentive stock options, (ii) have an exercise price equal to $ 1.08 10 He will also receive a cash bonus equal to 2.5 % of the net proceeds (i.e., adjusted for our costs) of any initial exchange offering (IEO), token generation event (TGE) or similar financing (a “Token Transaction”) completed on or before the date that is 12 months after the formal acceptance by the Board of a proposal for a Token Transaction (including a start date, milestones and responsibilities). In the event the Board decides to cancel the Token Transaction, Mr. Funk and the Board shall agree upon a mutually acceptable bonus structure in lieu of the foregoing. Peter M. Jensen Mr. Jensen’s employment agreement initially provided for a base salary of $ 7,500 20,000 2,000,000 25,000 37,500 12,500 25,000 Mr. Jensen also received a grant of options to purchase 2,393,842 The options will be issued under our 2018 Plan. The options will (i) be incentive stock options, (ii) have an exercise price equal to $ 1.08 10 Bennett J. Yankowitz Mr. Yankowitz’s employment agreement provides for a base salary of $ 5,833 7,500 500,000 The options will be issued under our 2018 Plan. The options will (i) be incentive stock options, (ii) have an exercise price equal $ 1.08 10 250,000

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Jun. 30, 2021
Compensation Related Costs [Abstract]
Stock-Based Compensation	10. 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 years, (iv) vest and become exercisable pursuant to the terms set forth in the grantees stock option agreement, (v) be subject to the exercise, forfeiture and termination provisions set forth in the 2018 Plan and (vi) otherwise be evidenced by and subject to the terms of our standard form of stock option agreement. We initially reserved 2,000,000 shares of our common stock for issuance in connection with awards under the plan. On September 15, 2020 and March 18, 2021, our board of directors unanimously resolved to amend the 2018 Plan to increase the number of shares of our common stock available for grant to 4,000,000 shares and 6,000,000 shares, respectively. As of June 30, 2021 and March 31, 2021 there were 500,415 shares and 502,230 shares, respectively, of our common stock available for grant pursuant to the 2018 Plan. As of the date of the filing of this Quarterly Report on Form 10-Q, we had not yet solicited votes from our stockholders to approve the increase in the number of shares of our common stock available for grant pursuant to the 2018 Plan. Service-Based Stock Option Grants From August 8, 2018 through June 30, 2021, we granted service-based options to employees and consultants, pursuant to the 2018 Plan, exercisable into a total of 4,899,585 Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions Service-Based Options Option exercise price per share $ 1.08 2.75 Grant date fair market value per share $ 1.08 2.75 Expected term of option in years 6.25 Expected volatility 40.3 219.2 Expected dividend rate 0.00 Risk free interest rate 0.42 2.83 During the three months ended June 30, 2021, we granted service-based options to one employee, pursuant to the 2018 Plan, exercisable into a total of 1,815 Service-Based Options Option exercise price per share $ 1.45 2.75 Grant date fair market value per share $ 1.45 2.75 Expected term of option in years 6.25 Expected volatility 218.1 219.2 Expected dividend rate 0.00 Risk free interest rate 0.81 0.89 ROCKETFUEL BLOCKCHAIN, INC. NOTES TO FINANCIAL STATEMENTS JUNE 30, 2021 (UNAUDITED) Activity under the 2018 Plan for all service-based stock options for the three months ended June 30, 2021 are as follows: Schedule of Stock Option Activity Options Outstanding Weighted- Average Exercise Price per Share Weighted- Average Remaining Contractual Term in Years Aggregate Intrinsic Value Granted 1,815 $ 2.06 10.0 - Exercised - - Cancelled or forfeited - - Options outstanding as of June 30, 2021 4,899,585 $ 1.08 8.15 $ 1,812,101 Options exercisable as of June 30, 2021 1,269,575 $ 1.08 8.15 $ 469,669 Options vested or expected to vest as of June 30, 2021 1,269,575 $ 1.08 8.15 $ 469,669 As of June 30, 2021 and March 31, 2021 there were 500,415 502,230 shares, respectively, of our common stock available for grant pursuant to the 2018 Plan. There were no options granted, exercised or cancelled/forfeited during the three months ended June 30, 2020. 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 June 30, 2021 of $ 1.45 no For the three months ended June 30, 2021 and 2020, we recorded stock-based compensation expense for service-based stock options pursuant to the 2018 Plan in the amount of $ 291,492 0 3,782,094 Performance-Based Stock Option Grants We also granted performance-based options pursuant to the 2018 Plan to Rohan Hall, our chief technology officer, which are exercisable into 600,000 shares of our common stock subject to certain designated milestones. On March 18, 2021, our Board of Directors determined that Mr. Hall earned all of the performance-based options effective February 1, 2021. The Board of Directors also entered into a resolution whereby 75,000 525,000 In determining the fair value of the performance-based options granted Mr. Hall on September 14, 2020 and earned effective February 1, 2021, we utilized the Black-Scholes pricing model utilizing the following assumptions: Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions Performance -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 % ROCKETFUEL BLOCKCHAIN, INC. NOTES TO FINANCIAL STATEMENTS JUNE 30, 2021 (UNAUDITED) Activity under the 2018 Plan for all performance-based stock options for the three months ended June 30, 2021 is as follows: Schedule of Stock Option Activity Options Outstanding Weighted- Average Exercise Price per Share Weighted- Average Remaining Contractual Term in Years Aggregate Intrinsic Value Granted - Exercised - Cancelled or forfeited - Options outstanding as of June 30, 2021 600,000 $ 1.08 9.21 $ 222,026 Options exercisable as of June 30, 2021 118,752 $ 1.08 9.21 $ 43,964 Options vested or expected to vest as of June 30, 2021 118,752 $ 1.08 9.21 $ 43,964 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 June 30, 2021 of $ 1.45 no For the three months ended June 30, 2021 and 2020, we recorded performance-based compensation expense for performance-based stock options pursuant to the 2018 Plan in the amount of $ 25,404 0 372,571

Legal Proceedings

Legal Proceedings	3 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings	11. 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. We are seeking injunctive and declaratory relief as well as damages of at least $ 5.1 million. On May 29, 2019, Mr. Page resigned from our board. After 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 clams and has asserted cross- and counterclaims against us and several of our shareholders alleging breach of contract and fraud. Mr. Page is seeking damages and declaratory relief. We intend to vigorously contest these allegations. On March 2, 2021, we filed a lawsuit in the U.S. District Court for the Southern District of New York against Ellenoff Grossman & Schole LLP (“EGS”) for negligence and legal malpractice, breach of contract and breach of fiduciary duty. EGS had represented RBC prior to the Business Combination and represented us after the closing of the Business Combination through August 2019. In the litigation against Mr. Page, he has alleged that he provided information to an EGS partner that the patent applications had been abandoned and that EGS failed to inform RBC and us of the fact. We are seeking damages and the return of legal fees previously paid.

Subsequent Events

Subsequent Events	3 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	12. 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 matters discussed below, we did not have any other material recognizable subsequent events during this period. Modification of G Kapital Warrant On April 26, 2021, we issued a warrant to G Kapital AsP (“G Kapital”) to purchase 1,500,000 1.50 2,250,000 1.00 100,000 Geneva Roth Convertible Note Transaction On August 4, 2021, we entered into a Securities Purchase Agreement with Geneva Roth Remark Holdings, Inc., an accredited investor (“Geneva Roth”), pursuant to which we sold Geneva Roth a convertible promissory note in the principal amount of $ 130,000 8% August 4, 2022 We have the right to prepay the Note at any time during the first 180 days the note is outstanding at the rate of (a) 110% of the unpaid principal amount of the Note plus interest, during the first 30 days the Note is outstanding, (b) 115% of the unpaid principal amount of the Note plus interest between days 31 and 60 after the issuance date of the Note, (c) 120% of the unpaid principal amount of the Note plus interest between days 61 and 150 after the issuance date of the Note, and (d) 125% of the unpaid principal amount of the Note plus interest between days 151 and 180 after the issuance date of the Note. The Note may not be prepaid after the 180th day following the issuance date. Geneva Roth may in its option, at any time beginning 180 days after the date of the Note, convert the outstanding principal and interest on the Note into shares of our common stock at a conversion price per share equal to 65% of the lowest daily volume weighted average price (“VWAP”) of our common stock during the 10 days trading days prior to the date of conversion. We agreed to reserve a number of shares of our common stock equal to 4.5 times the number of shares of common stock which may be issuable upon conversion of the Note at all times. The Note provides for standard and customary events of default such as failing to timely make payments under the Note when due, our failure to timely comply with the Securities Exchange Act of 1934, as amended, reporting requirements and the failure to maintain a listing on the OTC Markets. The interest rate on the Note increases to 22% upon the occurrence of an event of default. The Note also contains customary positive and negative covenants. The Note includes penalties and damages payable to Geneva Roth in the event we do not comply with the terms of the Note, including in the event we do not issue shares of common stock to Geneva Roth upon conversion of the Note within the time periods set forth therein. Additionally, upon the occurrence of certain defaults, as described in the Note, we are required to pay Geneva Roth liquidated damages in addition to the amount owed under the Note (including in some cases up to 200% of the amount of the Note and in other cases the value of the shares which Geneva Roth could have been issued upon the full conversion of the Note after including default fees equal to 150% of the amount of the Note). The Note includes a most favored nations provision which allows Geneva Roth the right to modify the Note to provide for any more favorable terms offered in any future financing transaction, subject to certain limited exceptions. At no time may the Note be converted into shares of our common stock if such conversion would result in Geneva Roth and its affiliates owning an aggregate of in excess of 4.99% We hope to repay the Geneva Roth Note prior to any conversion. In the event that the Note is not repaid in cash in its entirety, our shareholders may suffer significant dilution if, and to the extent that, the balance of the Note is converted into common stock.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Jun. 30, 2021
Service Based Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions Service-Based Options Option exercise price per share $ 1.08 2.75 Grant date fair market value per share $ 1.08 2.75 Expected term of option in years 6.25 Expected volatility 40.3 219.2 Expected dividend rate 0.00 Risk free interest rate 0.42 2.83 Service-Based Options Option exercise price per share $ 1.45 2.75 Grant date fair market value per share $ 1.45 2.75 Expected term of option in years 6.25 Expected volatility 218.1 219.2 Expected dividend rate 0.00 Risk free interest rate 0.81 0.89
Service Based Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Stock Option Activity	Activity under the 2018 Plan for all service-based stock options for the three months ended June 30, 2021 are as follows: Schedule of Stock Option Activity Options Outstanding Weighted- Average Exercise Price per Share Weighted- Average Remaining Contractual Term in Years Aggregate Intrinsic Value Granted 1,815 $ 2.06 10.0 - Exercised - - Cancelled or forfeited - - Options outstanding as of June 30, 2021 4,899,585 $ 1.08 8.15 $ 1,812,101 Options exercisable as of June 30, 2021 1,269,575 $ 1.08 8.15 $ 469,669 Options vested or expected to vest as of June 30, 2021 1,269,575 $ 1.08 8.15 $ 469,669
Performance Based Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	In determining the fair value of the performance-based options granted Mr. Hall on September 14, 2020 and earned effective February 1, 2021, we utilized the Black-Scholes pricing model utilizing the following assumptions: Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions Performance -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 %
Performance Based Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Stock Option Activity	Activity under the 2018 Plan for all performance-based stock options for the three months ended June 30, 2021 is as follows: Schedule of Stock Option Activity Options Outstanding Weighted- Average Exercise Price per Share Weighted- Average Remaining Contractual Term in Years Aggregate Intrinsic Value Granted - Exercised - Cancelled or forfeited - Options outstanding as of June 30, 2021 600,000 $ 1.08 9.21 $ 222,026 Options exercisable as of June 30, 2021 118,752 $ 1.08 9.21 $ 43,964 Options vested or expected to vest as of June 30, 2021 118,752 $ 1.08 9.21 $ 43,964

Business (Details Narrative)

Business (Details Narrative) - $ / shares	Jun. 27, 2018	Jun. 30, 2021	Mar. 31, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Common Stock, Shares, Issued		24,988,416	24,438,416
Common Stock, Par or Stated Value Per Share		$ 0.001	$ 0.001
Contribution Agreement [Member] | B Four M C Gold Mines Inc [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Percentage of Outstanding Stock Maximum	100.00%
Common Stock, Shares, Issued	17,001,312
Common Stock, Par or Stated Value Per Share	$ 0.001
Equity Method Investment, Ownership Percentage	100.00%

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Net Income (Loss) Attributable to Parent	$ 1,204,591	$ 97,360
Stock-based compensation	(316,896)
Net Cash Provided by (Used in) Operating Activities	876,340	$ 97,233
Subscription Agreement [Member] | Private Placement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Proceeds from private placement	$ 582,500

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	May 31, 2021	Mar. 31, 2021
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Legal Fees	$ 24,160	$ 5,503
Due to Related Parties, Current	$ 16,330			$ 35,475
Executive Chairman [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Due to affiliate			$ 3,000

Deferred Revenue (Details Narra

Deferred Revenue (Details Narrative) - USD ($)	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2021
Entity Listings [Line Items]
Revenue	$ 2,500
Deferred revenue	17,500		$ 10,000
Deferred revenue	10,000
Deferred revenue	17,500		$ 10,000
Blockchain Technology [Member]
Entity Listings [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 10,000

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income tax statutory rate	21.00%	21.00%

Stockholders_ Equity (Deficit)

Stockholders’ Equity (Deficit) (Details Narrative) - USD ($)

May 05, 2021

Feb. 25, 2021

Aug. 24, 2020

Apr. 29, 2020

Feb. 13, 2020

Jan. 09, 2020

Apr. 30, 2021

Jun. 30, 2021

Mar. 31, 2021

Jun. 30, 2020

Mar. 31, 2021

Jun. 30, 2021

Aug. 20, 2021

Aug. 06, 2021

Feb. 15, 2021

May 01, 2020

Accumulated Other Comprehensive Income (Loss) [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

Warrants and Rights Outstanding, Maturity Date

Apr. 30, 2021

Proceeds from common stock

$ 582,500

$ 478,750

Common stock, shares outstanding

24,988,416

24,438,416

24,438,416

24,988,416

Common stock, shares issued

24,988,416

24,438,416

24,438,416

24,988,416

Triton Funds LP [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Proceeds from exercise of warrants

$ 82,500

Ownership interest exchange, percentage

4.99%

4.99%

Class of Warrant or Right Number of Warrants Exercise

50,000

Triton Fund LP [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Administrative fee

$ 15,000

Warrant Holder [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Sale of Stock, Number of Shares Issued in Transaction

1,000,000

Sale of Stock, Consideration Received on Transaction

$ 1,000,000

Class of Warrant or Right, Number of Securities Called by Each Warrant or Right

1,100,000

1,100,000

[custom:StockIssuedDuringPeriodSharesWarrantsExercised]

100,000

[custom:StockIssuedDuringPeriodValueWarrantsExercised]

$ 100,000

Number of warrant purchase shares

400,000

Proceeds from exercise of warrants

$ 400,000

Consultant [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Common stock shares issued for service

150,000

Common stock value issued for service

$ 162,000

Consultants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Shares issued price per share

$ 1.08

Employees Directors And Consultants [Member] | Two Thousand Eighteen Stock Incentive Plan [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross

5,499,585

Share-based Payment Arrangement, Option, Exercise Price Range, Exercisable, Weighted Average Exercise Price

$ 1.08

$ 1.08

Chief Executive Officier [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Class of Warrant or Right, Exercise Price of Warrants or Rights

$ 1

Number of warrant purchase shares

265,982

Subscription Agreement [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Sale of Stock, Number of Shares Issued in Transaction

478,750

Sale of Stock, Consideration Received on Transaction

$ 478,750

Sale of stock price per share

$ 1

Subscription Agreement [Member] | Private Placement [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Sale of Stock, Number of Shares Issued in Transaction

500,000

Private placement fee amount paid

$ 50,000

Common Stock Purchase Agreement [Member] | Triton Funds LP [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Sale of stock price per share

$ 1.65

$ 1.65

Proceeds from common stock

$ 1,000,000

Sale of stock

$ 500,000

Closing price percentage

80.00%

Second Warrant [Member]

Accumulated Other Comprehensive Income (Loss) [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

Second Warrant [Member] | Forecast [Member] | Minimum [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Class of Warrant or Right, Number of Securities Called by Each Warrant or Right

100,000

Second Warrant [Member] | Subsequent Event [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Class of Warrant or Right, Number of Securities Called by Each Warrant or Right

2,250,000

Class of Warrant or Right, Exercise Price of Warrants or Rights

$ 1

Triton Warrant [Member] | Stock Purchase Agreement [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Sale of stock price per share

$ 1.65

$ 1.65

Number of warrant purchase shares

800,000

800,000

Closing price percentage

80.00%

Private Investor [Member] | Common Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Sale of Stock, Number of Shares Issued in Transaction

11,250

10,000

Sale of Stock, Consideration Received on Transaction

$ 11,250

$ 10,000

Employment Agreements (Details

Employment Agreements (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended
	Mar. 31, 2021	Jun. 30, 2021
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Accounts payable and accrued expenses	$ 144,830	$ 232,830
Gert Funk [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Number of options granted		500,000
Stock option description		The options will be issued under our 2018 Plan. The options will (i) be incentive stock options, (ii) have an exercise price equal to $1.08 per share, which is the fair market value per share of our Common Stock on March 15, 2021, as determined by an independent valuation by a qualified appraiser, (iii) have a term of 10 years, (iv) vest and become exercisable as to 1/48th of the shares subject to the options on the 15th day of each calendar month during the term of his employment agreement, commencing on April 15, 2021, (v) be subject to the exercise, forfeiture and termination provisions set forth in the Plan and (vi) otherwise be evidenced by and subject to the terms of our standard form of stock option agreement.
Options exercise price		$ 1.08
Options term		10 years
Cash bonus percentage		2.50%
Peter M Jensen [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Number of options granted		2,393,842
Stock option description		The options will be issued under our 2018 Plan. The options will (i) be incentive stock options, (ii) have an exercise price equal to $1.08 per share, which is the fair market value per share of our Common Stock on September 15, 2020, as determined by an independent valuation by a qualified appraiser, (iii) have a term of 10 years, (iv) vest and become exercisable as to 1/48th of the shares subject to the options on the 15th day of each calendar month during the term of his employment agreement, commencing on October 15, 2020, (v) be subject to the exercise, forfeiture and termination provisions set forth in the Plan and (vi) otherwise be evidenced by and subject to the terms of our standard form of stock option agreement.
Options exercise price		$ 1.08
Options term		10 years
Performance bonus	12,500	$ 37,500
Accounts payable and accrued expenses	$ 25,000
Peter M Jensen [Member] | Employment Agreement [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Base salary		7,500
Salary per month		20,000
Proceeds from Other Equity		2,000,000
Performance bonus		$ 25,000
Mr. Bennett J. Yankowitz [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Number of options granted	500,000
Stock option description	The options will be issued under our 2018 Plan. The options will (i) be incentive stock options, (ii) have an exercise price equal $1.08 per share, which is the fair market value per share of our Common Stock on March 1, 2001, as determined by an independent valuation by a qualified appraiser, (iii) have a term of 10 years, (iv) vest and become exercisable as to 1/48th of the shares subject to the options on the 1st day of each calendar month during the term of his employment agreement, commencing on April 1, 2021, (v) be subject to the exercise, forfeiture and termination provisions set forth in the Plan and (vi) otherwise be evidenced by and subject to the terms of our standard form of stock option agreement.
Options exercise price	$ 1.08
Options term	10 years
Number of options vested and exercisable		250,000
Mr. Bennett J. Yankowitz [Member] | Employment Agreement [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Base salary		$ 5,833
Performance bonus		$ 7,500

Schedule of Share-based Payment

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details)	3 Months Ended
	Jun. 30, 2021$ / shares
Service Based Options [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Grant date fair market value per share	$ 1.08
Service Based Options [Member] | Employees And Consultants [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Expected term of option in years	6 years 3 months
Expected dividend rate	0.00%
Service Based Options [Member] | Employees [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Expected term of option in years	6 years 3 months
Expected dividend rate	0.00%
Performance Based Options [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Option exercise price 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	54.00%
Minimum [Member] | Service Based Options [Member] | Employees And Consultants [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Option exercise price per share	$ 1.08
Grant date fair market value per share	$ 1.08
Expected volatility	40.30%
Risk free interest rate	0.42%
Minimum [Member] | Service Based Options [Member] | Employees [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Option exercise price per share	$ 1.45
Grant date fair market value per share	$ 1.45
Expected volatility	218.10%
Risk free interest rate	0.81%
Maximum [Member] | Service Based Options [Member] | Employees And Consultants [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Option exercise price per share	$ 2.75
Grant date fair market value per share	$ 2.75
Expected volatility	219.20%
Risk free interest rate	2.83%
Maximum [Member] | Service Based Options [Member] | Employees [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Option exercise price per share	$ 2.75
Grant date fair market value per share	$ 2.75
Expected volatility	219.20%
Risk free interest rate	0.89%

Schedule of Stock Option Activi

Schedule of Stock Option Activity (Details)	3 Months Ended
	Jun. 30, 2021USD ($)$ / sharesshares
Service Based Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option Outstanding, Granted	1,815
Weighted Average Exercise Price Per Share, Granted | $ / shares	$ 2.06
Weighted Average Remaining Contractual Term in Years, Beginning Balance	10 years
Aggregate Intrinsic Value, Beginning Balance | $
Option Outstanding, Exercised
Weighted Average Exercise Price Per Share, Exercised | $ / shares
Option Outstanding, Cancelled or Forfeited
Weighted Average Exercise Price Per Share, Cancelled or Forfeited | $ / shares
Option Outstanding, Number, Ending Balance	4,899,585
Weighted Average Exercise Price Per Share, Number Ending Balance | $ / shares	$ 1.08
Weighted Average Remaining Contractual Term in Years, Ending Balance	8 years 1 month 24 days
Aggregate Intrinsic Value, Ending Balance | $	$ 1,812,101
Option Outstanding, Options Exercisable Ending Balance	1,269,575
Weighted Average Exercise Price Per Share, Options Exercisable Ending Balance | $ / shares	$ 1.08
Weighted Average Remaining Contractual Term in Years, Options Exercisable Ending Balance	8 years 1 month 24 days
Aggregate Intrinsic Value, Options Exercisable Ending Balance | $	$ 469,669
Option Outstanding, Vested or Expected to Vest, Ending Balance	1,269,575
Weighted Average Exercise Price Per Share, Vested or Expected to Vest Ending Balance | $ / shares	$ 1.08
Weighted Average Remaining Contractual Term in Years, Options	8 years 1 month 24 days
Aggregate Intrinsic Value Options Options Vested or Expected to Vest Ending Balance | $	$ 469,669
Performance Based Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option Outstanding, Granted
Option Outstanding, Exercised
Option Outstanding, Cancelled or Forfeited
Option Outstanding, Number, Ending Balance	600,000
Weighted Average Exercise Price Per Share, Number Ending Balance | $ / shares	$ 1.08
Weighted Average Remaining Contractual Term in Years, Ending Balance	9 years 2 months 15 days
Aggregate Intrinsic Value, Ending Balance | $	$ 222,026
Option Outstanding, Options Exercisable Ending Balance	118,752
Weighted Average Exercise Price Per Share, Options Exercisable Ending Balance | $ / shares	$ 1.08
Weighted Average Remaining Contractual Term in Years, Options Exercisable Ending Balance	9 years 2 months 15 days
Aggregate Intrinsic Value, Options Exercisable Ending Balance | $	$ 43,964
Option Outstanding, Vested or Expected to Vest, Ending Balance	118,752
Weighted Average Exercise Price Per Share, Vested or Expected to Vest Ending Balance | $ / shares	$ 1.08
Weighted Average Remaining Contractual Term in Years, Options	9 years 2 months 15 days
Aggregate Intrinsic Value Options Options Vested or Expected to Vest Ending Balance | $	$ 43,964

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Narrative) - USD ($)	Mar. 18, 2021	Aug. 08, 2018	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2021	Sep. 15, 2020
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Stock-based compensation			$ 316,896
Service 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, Exercisable, Weighted Average Remaining Contractual Term			8 years 1 month 24 days
Number of stock option exercisable			1,269,575
Exercise Price per share			$ 2.06
Option outstanding, exercised
Stock-based compensation			$ 291,492
Unrecognized stock-based compensation			$ 3,782,094
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, Exercisable, Weighted Average Remaining Contractual Term			9 years 2 months 15 days
Number of stock option exercisable			118,752
Option outstanding, exercised
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights	The Board of Directors also entered into a resolution whereby 75,000 shares of our common stock underlying the performance-based options would vest immediately and 525,000 shares of our common stock underlying the performance-based option would vest ratably over a 48 month period with the first vesting date being February 1, 2021.
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	75,000
Exercise Price per share			$ 1.45
Performance Based Options [Member] | February 1, 2021 [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, Vested and Expected to Vest, Outstanding, Number	525,000
Two Thousand Eighteen Plan [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, Exercisable, Weighted Average Remaining Contractual Term		10 years
Common Stock, Capital Shares Reserved for Future Issuance		2,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	6,000,000		500,415		502,230	4,000,000
Stock-based compensation			$ 0
Two Thousand Eighteen Plan [Member] | Service Based Options [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Option outstanding, exercised			0
Two Thousand Eighteen Plan [Member] | Performance Based Options [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Option outstanding, exercised			0
Stock-based compensation				$ 0
Two Thousand Eighteen Plan [Member] | Performance Based Options [Member] | Rohan Hall [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Number of stock option exercisable			600,000
Two Thousand Eighteen [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Common Stock, Capital Shares Reserved for Future Issuance			500,415		502,230
Exercise Price per share			$ 1.45
Two Thousand Eighteen [Member] | Service Based Stock Options To Employees And Consultants [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Number of stock option exercisable			4,899,585
Two Thousand Eighteen [Member] | Service Based Stock Options To Employees [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Number of stock option exercisable			1,815
Two Thousand Eighteen [Member] | Performance Based Options [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Stock-based compensation			$ 25,404
Unrecognized stock-based compensation			$ 372,571

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 ($)	Aug. 04, 2021	Aug. 20, 2021	Aug. 06, 2021	Apr. 26, 2021	May 01, 2020
Entity Listings [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
Second Warrant [Member]
Entity Listings [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
Second Warrant [Member] | Forecast [Member] | Minimum [Member]
Entity Listings [Line Items]
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right		100,000
Second Warrant [Member] | Subsequent Event [Member]
Entity Listings [Line Items]
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right			2,250,000
Class of Warrant or Right, Exercise Price of Warrants or Rights			$ 1
G Kapital AsP [Member] | Second Warrant [Member]
Entity Listings [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
Geneva Roth Remark Holdings, Inc [Member] | Subsequent Event [Member] | Convertible Promissory Note [Member]
Entity Listings [Line Items]
Debt Instrument, Face Amount	$ 130,000
Debt interst rate	8.00%
Debt maturity date	Aug. 4, 2022
Debt payment terms	We have the right to prepay the Note at any time during the first 180 days the note is outstanding at the rate of (a) 110% of the unpaid principal amount of the Note plus interest, during the first 30 days the Note is outstanding, (b) 115% of the unpaid principal amount of the Note plus interest between days 31 and 60 after the issuance date of the Note, (c) 120% of the unpaid principal amount of the Note plus interest between days 61 and 150 after the issuance date of the Note, and (d) 125% of the unpaid principal amount of the Note plus interest between days 151 and 180 after the issuance date of the Note. The Note may not be prepaid after the 180th day following the issuance date.
Debt conversion description	Geneva Roth may in its option, at any time beginning 180 days after the date of the Note, convert the outstanding principal and interest on the Note into shares of our common stock at a conversion price per share equal to 65% of the lowest daily volume weighted average price (“VWAP”) of our common stock during the 10 days trading days prior to the date of conversion. We agreed to reserve a number of shares of our common stock equal to 4.5 times the number of shares of common stock which may be issuable upon conversion of the Note at all times.
Debt conversion, converted instrument, rate	4.99%