CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
|
12 Months Ended |
Mar. 31, 2020 |
Mar. 31, 2019 |
| Cash Flows from Operating Activities: |
|
|
| Net loss |
$ (795,020)
|
$ (197,676)
|
| Fair value of the Company and subsidiary shares issued for services |
216,035
|
0
|
| Impairment of property and equipment |
389,000
|
0
|
| Prepaid expenses and other current assets |
1,300
|
(1,300)
|
| Accounts payable and accrued liabilities |
(32,805)
|
25,554
|
| Net Cash Used in Operating Activities |
(221,490)
|
(173,422)
|
| Cash Flow from Investing Activities: |
|
|
| Purchase of a license |
(35,051)
|
0
|
| Other assets |
(3,000)
|
0
|
| Purchase of property and equipment |
(67,593)
|
(137,775)
|
| Net Cash Provided by (Used in) Investing Activities |
(105,644)
|
(137,775)
|
| Cash Flows from Financing Activities: |
|
|
| Proceeds from issuance of the Company and subsidiary common stock |
150,000
|
0
|
| Proceeds from short term advances - related parties |
63,700
|
333,990
|
| Repayments of short term advances - related parties |
0
|
(50,000)
|
| Proceeds from issuance of the Company and subsidiary common stock - related parties |
110,000
|
0
|
| Cash Flows Provided by Financing Activities: |
323,700
|
283,990
|
| Net Change in Cash |
(3,434)
|
(27,207)
|
| Cash at Beginning of Period |
4,477
|
31,684
|
| Cash at End of Period |
1,043
|
4,477
|
| Supplement Disclosure of Cash Flow Information: |
|
|
| Cash paid for interest |
0
|
0
|
| Cash paid for income taxes |
0
|
0
|
| Non-Cash Investing and Financing Activities: |
|
|
| Exchange of related party advances with ownership in subsidiary |
100,000
|
0
|
| Exchange of accounts payable with ownership in subsidiary |
7,500
|
0
|
| Subscription receivable for sale of subsidiary common stock |
165,000
|
0
|
| Noncontrolling interest upon issuance of subsidiary common stock |
155,979
|
0
|
| Asset transferred from deposit to property and equipment |
$ 0
|
$ 474,978
|