10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 10-Q

[X]	QUARTERLY REPORT UNDER TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2015
	OR
[   ]	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number 000-30675

EnXnet, Inc.

(Name of issuer in its charter)

Oklahoma	73-1561191
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

7450 S Winston Ave, Tulsa, Ok 74136

(Address of principal executive offices & zip code)

(918) 494-6663

Registrant’s telephone number, including area code:

Indicate by check mark whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the last 90 days.  YES [X] NO [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (SS 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). YES [ ] NO [X]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer,” “non-accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large Accelerated Filer	[   ]	Accelerated Filer	[   ]
Non-accelerated Filer	[   ]	Smaller Reporting Company	[X]
(Do not check if smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YES [ ]  NO [X]

APPLICABLE ONLY TO CORPORATE ISSUERS:

As of October 26, 2015, there were outstanding 53,701,518   shares of the registrant’s common stock, $0.00005 par value.

 Table of Contents

PART I. CONSOLIDATED FINANCIAL INFORMATION		Page
Item 1.	Consolidated Financial Statements
	Consolidated Balance Sheets September 30, 2015 and March 31, 2015 (unaudited)	3
	Consolidated Statements of Operations for the Three months and Six months ended September 30, 2015 and 2014 (unaudited)	4
	Consolidated Statements of Cash Flows for the Six months ended September 30, 2015 and 2014 (unaudited)	5
	Notes to Consolidated Financial Statements (unaudited)	6
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	8
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	13
Item 4.	Controls and Procedures	13
	PART II. OTHER INFORMATION
Item 1.	Legal Proceedings	13
Item 1A.	Risk Factors	13
Item 6.	Exhibits and Reports on Form 8-K	14
Signatures		15
Exhibit Index		16

 PART I.  FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

ENXNET, INC

CONSOLIDATED BALANCE SHEETS

(Unaudited)

ASSETS	September 30, 2015			March 31, 2015
CURRENT ASSETS
Cash	$	15,659		$	22,529
Restricted cash		100,000			115,000
Prepaid expenses		36			559
TOTAL CURRENT ASSETS		115,695			138,088
OTHER ASSETS
Deposits		—			1,137
TOTAL OTHER ASSETS		—			1,137
TOTAL ASSETS	$	115,695		$	139,225
LIABILITIES AND STOCKHOLDERS’ DEFICIT
CURRENT LIABILITIES
Accounts payable and accrued expenses	$	585,148		$	567,865
Advances from officer - related party		50,500			20,500
Advances from stockholder		31,000			31,000
Convertible notes payable – stockholders		300,000			325,000
Convertible notes payable - related parties		835,101			835,101
TOTAL CURRENT LIABILITIES		1,801,749			1,779,466
STOCKHOLDERS’ DEFICIT
Common stock, $0.00005 par value; 200,000,000 shares authorized, 53,701,518 and 52,601,518 shares issued and outstanding		2,685			2,630
Additional paid-in capital		5,640,239			5,629,294
Accumulated deficit		(7,228,978	)		(7,172,165	)
Other comprehensive income		(100,000	)		(100,000	)
TOTAL STOCKHOLDERS’ DEFICIT		(1,686,054	)		(1,640,241	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	115,695		$	139,225

The accompanying notes are an integral part of these unaudited consolidated financial statements.

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 ENXNET, INC

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

	Three months Ended September 30,						Six Months Ended September 30,
		2015			2014			2015			2014
REVENUES	$	—		$	—		$	—		$	—
COST OF SALES		—			—			—			—
Gross Profit		—			—			—			—
EXPENSES
Consulting fees		11,300			600			11,700			1,200
Depreciation & amortization		—			518			—			1,036
Payroll		1,500			2,487			4,000			7,063
Professional services		11,237			8,750			17,737			16,533
Occupancy		814			2,666			3,653			6,448
Travel		263			624			1,176			1,189
Other		803			447			1,450			1,144
Total Expenses		25,917			16,092			39,716			34,613
LOSS FROM OPERATIONS		(25,917	)		(16,092	)		(39,716	)		(34,613
OTHER INCOME (EXPENSE)
Interest expense		(8,548	)		(6,407	)		(17,097	)		(12,741
NET LOSS	$	(34,465	)	$	(22,499	)	$	(56,813	)	$	(47,354
BASIC AND DILUTED NET LOSS PER SHARE	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED		53,186,301			50,121,518			52,640,696			49,791,902

The accompanying notes are an integral part of these unaudited consolidated financial statements.

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 ENXNET, INC

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	For the Six months Ended
	September 30,
		2015			2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(56,813	)	$	(47,354	)
Adjustments to reconcile net loss to net cash used by operations:
Depreciation and amortization		—			1,036
Common stock issued for services		11,000			—
Stock options expense		—			1,961
Changes in operating assets and liabilities:
Prepaid expenses		523			(521	)
Accounts payable & accrued expenses		17,283			9,115
Net cash used in operating activities		(28,007	)		(35,763	)
CASH FLOWS FROM INVESTING ACTIVITES
Changes in restricted cash		15,000			—
Deposit		1,137			—
Net cash provided by investing activities		16,137			—
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from stock sales		—			28,000
Proceeds from advances from officer and stockholders		5,000			—
Net cash provided by financing activities		5,000			28,000
NET INCREASE (DECREASE) IN CASH		(6,870	)		(7,763	)
CASH - Beginning of period		22,529			23,439
CASH - End of period	$	15,659		$	15,676
SUPPLEMENTAL CASH FLOW DISCLOSURES:
Interest expense	$	—		$	—
Income taxes	$	—		$	—
NON-CASH FINANCING AND INVESTING TRANSACTIONS
Conversion of convertible notes payables-stockholders to Advances from officer - related party	$	25,000		$	—

The accompanying notes are an integral part of these unaudited consolidated financial statements.

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 ENXNET, INC

CONSOLIDATED NOTES TO FINANCIAL STATEMENTS

(Unaudited)

NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited consolidated financial statements of EnXnet, Inc. (“EnXnet” or “the Company”) for the six months ended September 30, 2015 have been prepared in accordance with generally accepted accounting principles in the United States of America, pursuant to the rules and regulations of the U.S. Securities and Exchange Commission for interim financial information. Accordingly, the consolidated financial statements do not include all information and footnotes required by generally accepted accounting principles in the United States for complete annual financial statements. In the opinion of management, the accompanying unaudited condensed interim consolidated financial statements reflect all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation. The accompanying consolidated financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s March 31, 2015 Annual Report on Form 10-K.

NOTE 2 – GOING CONCERN

The Company has a working capital deficit and has incurred losses since inception. These factors raise substantial doubt about the Company’s ability to continue as a going concern.  The consolidated financial statements do not include any adjustments that may be necessary if the Company is unable to continue as a going concern.

Management of the Company has undertaken certain actions to address these conditions.    Funds required to carry out management’s plans are expected to be derived from future stock sales and borrowings from outside parties. There can be no assurances that the Company will be successful in executing its plans.

NOTE 3 – CONVERTIBLE NOTES PAYABLE

Convertible notes payable-related party consists of the following:
	September 30, 2015		March 31, 2015
2% convertible notes payable to Ryan Corley, President of the Company, due on demand, convertible into a maximum of 33,222,750 common shares		664,455		664,455
2% convertible note payable to an entity controlled by Ryan Corley, President of the Company, due on demand, convertible into a maximum of 978,000 common shares		48,900		48,900
3% convertible notes payable to an entity controlled by Ryan Corley, President of the Company, due on demand, convertible into a maximum of 1,619,500 common shares		111,350		111,350
2% convertible notes payable to Douglas Goodsell, a related party, due on demand, convertible into a maximum of 519,850 common shares		10,396		10,396
Total notes payable-related party	$	835,101	$	835,101

Table of Contents  4

Convertible notes payable - stockholders consist of the following:
	September 30, 2015		March 31, 2015
7% convertible notes payable to stockholders, due March 16, 2017, convertible into a maximum of 5,000,000  common shares,		100,000		125,000
4% convertible notes payable to a stockholder, due on demand, convertible into a maximum of 350,000 common shares		175,000		175,000
2% convertible notes payable to stockholders, due on demand, convertible into a maximum of 1,100,000 common shares		25,000		25,000
Total notes payable	$	300,000	$	325,000

In March 2015, the Company issued two conventional convertible notes in the aggregate amount of $125,000 to stockholders. A portion of the proceeds in the amount of $105,000 is restricted and to be used to obtain natural gas and petroleum properties. In connection with these notes, the Company issued 250,000 common shares valued in the amount of $4,250. During the six months ended September 30, 2015, $25,000 of these notes were treated as being repaid. The Company’s CEO transferred a private partnership interest to one of the note holders and then contributed the $25,000 in a non-cash transaction back to the Company. The effect of the transaction was that Convertible Notes payable were reduced by $25,000 and Advances from officer – related party was increased by $25,000. These notes are convertible into 5,250,000 common stock shares and accrue interest at a 7% per year rate. A Black-Scholes valuation of the conversion feature was determined to have no value and therefore no liability for the conversion feature was recorded. These notes are due March 16, 2017, however, if suitable natural gas and petroleum properties are not located in the near term, the restricted cash will be used to pay off these notes. For this reason, the notes have been classified as current liabilities.

NOTE 4 – ADVANCES FROM OFFICER AND STOCKHOLDER

Advances from Stockholder:

Advances from a stockholder at September 30, 2015 and March 31, 2015 were $31,000 and $31,000, respectively.

Advances from Officer:

Our CEO, Ryan Corley, has made advances to the Company in prior years. During the six months ended September 30, 2015, and the year ended March 31, 2015, the CEO made additional unsecured advances totaling $5,000 and $10,000. During the year ended March 31, 2015, the Company converted $2,000 of the advances into notes payable. At September 30, 2015 and March 31, 2015, advances from the CEO were $40,000 and $10,000 respectively.

The Company has notes payable to the CEO in the aggregate amount of $664,455 and $664,455 as of September 30, 2015 and March 31, 2015. Accrued interest owed on these notes at September 30, 2015 and March 31, 2015 is $168,781 and $162,137. These notes and accrued interest are convertible into 35,186,578 and 34,854,350 shares of restricted common stock of the company.

At September 30, 2015 and March 31, 2015, advances from the entity controlled by the CEO were $10,500 and $10,500 and notes payable totaled $160,250 and $160,250. Accrued interest owed on these notes at September 30, 2015 and March 31, 2015 is $26,552 and $25,392. These notes and accrued interest are convertible into 3,025,055 and 2,990,982 shares of restricted common stock of the company.

NOTE 5 – STOCK OPTIONS

On July 24, 2001, the Company filed with the SEC Form S-8, for its 2002 Stock Option Plan, (the Plan). An aggregate amount of common stock that may be awarded and purchased under the Plan is 3,000,000 shares of the Company’s common stock.

Table of Contents  5

A summary of the status of the Company’s stock options as of September 30, 2015 is presented below:

	September 30, 2015
Options outstanding at beginning of year		2,590,000
Options granted		—
Options exercised		—
Options canceled		200,000
Options outstanding at end of year		2,390,000

The following table summarizes the information about the stock options as of September 30, 2015:

Range of Exercise Price				Number Outstanding		Weighted Average Remaining Contractual Life Years		Weighted Average Exercise Price (Total shares)		Number Exercisable		Weighted Average Exercise Price (Exercisable shares)
		$	.12		1,590,000		1.80	$	.12		1,590,000	$	.12
			.50		300,000		.75		.50		300,000		.50
			.15		500,000		1.15		.15		500,000		.15
	$		.12 - .50		2,390,000		1.54	$	.17		2,390,000	$	.17

NOTE 6 - COMMON STOCK

The Company issued 1,100,000 of common shares during the six months ended September 30, 2015 for services valued at $11,000.

NOTE 7 - SUBSIDIARY – EnXnet Energy Company, LLC.

EnXnet Energy Company LLC was organized in the State of Colorado on August 7, 2015 and is a wholly owned subsidiary of the Company. The subsidiary had no assets, liabilities or operations as of September 30, 2015.

Table of Contents  6

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

STATEMENT REGARDING FORWARD-LOOKING STATEMENTS.

This Quarterly Report includes “forward-looking statements” within the meaning of Section 27A of the Exchange Act which represent the expectations or beliefs concerning future events that involve risks and uncertainties, including but not limited to the demand for Company products and services and the costs associated with such goods and services. All other statements other than statements of historical fact included in this Quarterly Report including, without limitation, the statements under “Management’s Discussion and Analysis or Plan of Operations” and elsewhere in the Quarterly Report, are forward-looking statements.  While the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct.

The following discussion of the results of operations and financial conditions should be read in conjunction with the consolidated financial statements and related notes appearing in this report.

EnXnet, Inc. was formed under the laws of the State of Oklahoma on March 30, 1999 as Southern Wireless, Inc. EnXnet, Inc. (the “Company”) was formed under the laws of the State of Oklahoma on March 30, 1999. EnXnet is a natural gas and petroleum exploitation, development and production company engaged in locating and developing hydrocarbon resources, primarily in the Rocky Mountain region. The Company’s principal business strategy is to enhance stockholder value by generating and developing high-potential exploitation resources in these areas. The Company’s principal business is the acquisition of leasehold interests in petroleum and natural gas rights, either directly or indirectly, and the exploitation and development of properties subject to these leases. The Company is currently searching for opportunities in the natural gas and petroleum industry. Our initial goal is to lease the mineral rights of acreage that has a high likelihood of becoming a producing property. Once a property is leased, we will require additional funding to drill and complete if necessary a producing natural gas and petroleum well.

The Company currently can satisfy its current cash requirements for approximately 90 days and has a plan to raise additional working capital by the sale of shares of the Company common stock to select perspective individuals and from additional borrowings. This plan should provide the additional necessary funds required to enable the Company to continue exploration and drilling program until the Company can generate enough cash flow from sales to sustain its operations.

The Company does not anticipate any significant cash requirements for the purchase of any facilities.

The Company currently has one part-time employee on the payroll. It is not anticipated that the Company will need to hire any additional employees at this time. Currently our employee and our unpaid CEO are used for the search of properties to lease.

Results of Operations – Three months ended September 30, 2015 and 2014.

The Company incurred operating expenses of $25,917 and $16,092 for the three months ended September 30, 2015 and 2014, an increase of $9,825 or 61%. The increase in operating expenses for the three months ended September 30, 2015 when compared to the three month period ended September 30, 2014 is attributed to the value of common stock issued to three consultants working on locating potential oil and gas prospects for our Company.

Other significant changes in expenses for the three months ended September 30, 2015 when compared to the three month period ended September 30, 2014 include a decrease in occupancy expense of $1,852. The Company did not renew the lease on it leased offices and is operating out of the offices of the CEO and CFO rent free. Professional services increased $2,487 from the comparable period as well.

During the three months ended September 30, 2015 and 2014 we incurred interest expenses of $8,548 and $6,407, respectively.

During the three months ended September 30, 2015 and 2014 we incurred net losses of $34,465 and $22,499, respectively.

Table of Contents  7

Results of Operations – Six months ended September 30, 2015 and 2014.

The Company incurred operating expenses of $39,716 and $34,613 for the six months ended September 30, 2015 and 2014, an increase of $5,103 or 15%. The increase in operating expenses for the six months ended September 30, 2015 when compared to the six month period ended September 30, 2014 is attributed to activity associated with our oil and gas project as well as an overall effort to control cost. The principal increase was in consulting fees of $10,500, payroll expenses of $3,063 and occupancy expenses of $2,795.

During the three months ended September 30, 2015 and 2014 we incurred interest expenses of $17,097 and $12,741, respectively.

During the three months ended September 30, 2015 and 2014 we incurred net losses of $56,813 and $47,354, respectively.

Liquidity and Capital Resources.

From inception through September 30, 2015, the Company has issued 53,701,518 shares of its Common Stock to officers, directors and outside shareholders.  The Company has little operating history and no material assets other than cash and restricted cash. The Company has $15,569 of unrestricted cash and $90,000 of restricted cash as of September 30, 2015.

The Company has incurred operating losses each year since its inception and has had a working capital deficit at September 30, 2015. At September 30, 2015 and March 31, 2015 the working capital deficit was $1,686,054 and $1,641,378, respectively. The working capital deficit and cash balance raise substantial doubt about the Company’s ability to continue as a going concern.  As a result of these factors, the Company’s independent certified public accountants have included an explanatory paragraph in their reports on the Company’s March 31, 2015 financial statements which expressed substantial doubt about the Company’s ability to continue as a going concern.

Contractual Obligations.

At the present time, the Company has no material commitments for capital expenditures.  If capital expenditures are required after operations commence, the Company will pay for the same through the sale of common stock, or through loans from third parties.  There is no assurance, however, that such financing will be available and in the event such financing is not available, the Company may have to cease operations.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES.

Management’s discussion and analysis of financial condition and results of operations are based upon our consolidated financial statements. These statements have been prepared in accordance with generally accepted accounting principles in the United States of America.

Use of estimates in preparation of financial statements

The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make certain estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an on-going basis, we evaluate our estimates, based on historical experience, and various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. The following critical accounting policies rely upon assumptions, judgments and estimates and were used in the preparation of our consolidated financial statements:

Cash and cash equivalents

Cash equivalents are highly liquid investments with an original maturity of three months or less.

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Use of estimates

The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States necessarily requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements. We regularly evaluate estimates and judgments based on historical experience and other relevant facts and circumstances. Actual results could differ from those estimates.

Fair Value of Financial Instruments

Under FASB ASC 825 the Company is required to disclose the fair value of financial instruments for which it is practicable to estimate value.

The Company’s financial instruments consist of cash, accounts receivable, accounts payable, accrued liabilities and debt.  The Company believes that the carrying amounts approximate fair value for all such instruments.

FASB ASC 820 defines fair value, establishes a framework for measurement, and expands disclosure about fair value measurements.  Topic No. 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price).  Topic No. 820 classifies the inputs used to measure fair value into the following hierarchy:

Level 1: Quoted prices for identical assets or liabilities in active markets.

Level 2: Quoted market prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.

Level 3: Pricing inputs are unobservable for the assets and liabilities, including situations in which there is little to no market activity.

Research and Development Costs

Research and development costs are charged to expense as incurred.

Stock Based Compensation

FASB ASC 718 requires that measurement of the cost of employee services received in exchange for an award of equity instruments be based on the grant-date fair value of the award. Such costs are recorded over the periods employees are required to render services in exchange for the awards.

Income taxes

Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. These assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the temporary differences are expected to reverse.

We have net operating loss carryforwards available to reduce future taxable income. Future tax benefits for these net operating loss carryforwards are recognized to the extent that realization of these benefits is considered more likely than not. To the extent that we will not realize a future tax benefit, a valuation allowance is established.

Basic and diluted net loss per share

Basic loss per share is computed using the weighted average number of shares of common stock outstanding during each period. Diluted loss per share includes the dilutive effects of common stock equivalents on an “as if converted” basis. For the periods ended September 30, 2015 and 2014, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share

Table of Contents  9

Recent Accounting Pronouncements

The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operation, financial position or cash flows.

Unaudited Financial Statements

The accompanying unaudited consolidated financial statements for the six months ended September 30, 2015 have been prepared in accordance with generally accepted accounting principles for interim financia1 information.  In the opinion of management all adjustments considered necessary for a fair presentation, which consist of normal recurring adjustments, have been included.  The accompanying consolidated financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s March 31, 2015 Annual Report on Form 10-K.

Off Balance Sheet Arrangements

We currently have no off-balance sheet arrangements that have or are reasonably likely to have a current or future material effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

CURRENT TRADING MARKET FOR THE COMPANY’S SECURITIES.

Currently the Company’s stock is traded under the symbol “EXNT” on the NASDAQ OTC Bulletin Board, and the symbol “AOHMDW” on the Frankfurt, Berlin and Stuttgart Stock Exchanges in Germany. There can be no assurance that an active or regular trading market for the common stock will develop or that, if developed, will be sustained. Various factors, such as operating results, changes in laws, rules or regulations, general market fluctuations, changes in financial estimates by securities analysts and other factors may have a significant impact on the market of the Company securities. The market price for the securities of public companies often experience wide fluctuations that are not necessarily related to the operating performance of such public companies such as high interest rates or impact of overseas markets.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Not Applicable

ITEM 4. CONTROL AND PROCEDURES.

Evaluation of Disclosure Controls and Procedures. Our Chief Executive Officer and Chief Financial Officer have concluded, based on their evaluation as of the end of the period covered by this report, that our disclosure controls and procedures (as defined in Rules 13(a)-15(e) under the Securities Act of 1934, as amended) are not effective to ensure that all information required to be disclosed by us in the reports filed or submitted by us under the Securities and Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and include controls and procedures designed to ensure that information required to be disclosed by us in such reports is accumulated and communicated to the management, including the Chief Executive Officer and the Chief Financial Officer, as appropriate and allow timely decisions regarding required disclosure.

Changes in Internal Controls. In connection with the above-referenced evaluation, no change in our internal control over financial reporting occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

The Company is not involved in litigation at this time.  We may from time to time be a party to various legal actions in the ordinary course of business.  There can be no assurance that the Company will not be a party to litigation in the future that could have an adverse effect on the Company.

ITEM 1A. RISK FACTORS.

There have been no material changes with regard to the risk factors previously disclosed in our most recent Annual Report on Form 10-K.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.

The following are included herein: The following are included herein:

		Incorporated by reference			Filed
Exhibit	Document Description	Form	Date	Number	herewith
3.1	Articles of Incorporation.	10-SB	5/22/00	3.1
3.2	First Amendment to Articles of Incorporation.	10-SB	5/22/00	3.2
3.3	Second Amendment to Articles of Incorporation.	10-SB	5/22/00	3.3
3.4	Bylaws.	10-SB	5/22/00	3.4
10.1	Sub-License Agreement with Ryan Corley as Nominee.	10-SB	5/22/00	10.1
10.2	License agreement for Clear Video.	10-SB	5/22/00	10.2
10.3	License agreement for Clear Video – addendum.	10-SB	5/22/00	10.3
31.1	Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X
31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X
32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X
32.2	Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X
101.INS	XBRL Instance Document.				X
101.SCH	XBRL Taxonomy Extension – Schema.				X
101.CAL	XBRL Taxonomy Extension – Calculations.				X
101.DEF	XBRL Taxonomy Extension – Definitions.				X
101.LAB	XBRL Taxonomy Extension – Labels.				X
101.PRE	XBRL Taxonomy Extension – Presentation.				X

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 SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, this registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized on this 10^th day of November, 2015.

ENXNET, INC.
(the “Registrant”)
BY:	RYAN CORLEY
	Ryan Corley
	President, Principal Executive Officer and a member of the Board of Directors
BY:	STEPHEN HOELSCHER
	Stephen Hoelscher
	Principal Financial Officer and Principal Accounting Officer

Table of Contents  12

 EXHIBIT INDEX

		Incorporated by reference			Filed
Exhibit	Document Description	Form	Date	Number	herewith
3.1	Articles of Incorporation.	10-SB	5/22/00	3.1
3.2	First Amendment to Articles of Incorporation.	10-SB	5/22/00	3.2
3.3	Second Amendment to Articles of Incorporation.	10-SB	5/22/00	3.3
3.4	Bylaws.	10-SB	5/22/00	3.4
10.1	Sub-License Agreement with Ryan Corley as Nominee.	10-SB	5/22/00	10.1
10.2	License agreement for Clear Video.	10-SB	5/22/00	10.2
10.3	License agreement for Clear Video – addendum.	10-SB	5/22/00	10.3
31.1	Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X
31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X
32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X
32.2	Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X
101.INS	XBRL Instance Document.				X
101.SCH	XBRL Taxonomy Extension – Schema.				X
101.CAL	XBRL Taxonomy Extension – Calculations.				X
101.DEF	XBRL Taxonomy Extension – Definitions.				X
101.LAB	XBRL Taxonomy Extension – Labels.				X
101.PRE	XBRL Taxonomy Extension – Presentation.				X

Table of Contents  13

EX-31.1

Exhibit 31-1

CERTIFICATION PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Ryan Corley, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Enxnet, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the consolidated financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions);

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	November 10, 2015	By:	/s/ Ryan Corley
			Chief Executive Officer and President

EX-31.2

Exhibit 31-2

CERTIFICATION PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Stephen J. Hoelscher, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Enxnet, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial consolidated statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions);

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	November 10, 2015	By:	/s/Stephen J. Hoelscher
			Stephen J. Hoelscher, Chief Financial Officer

EX-32

Exhibit 32

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Enxnet, Inc. (the “Registrant”) on Form 10-Q for the quarter ending September 30, 2015, as filed with the Securities and Exchange Commission on the date hereof (the “Quarterly Report”), we, Ryan Corley, CEO and Stephen J. Hoelscher, CFO of the Registrant, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Quarterly Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Quarterly Report fairly presents, in all material respects, the financial condition and result of operations of the Registrant.

Date:	November 10, 2015	By:	/s/Ryan Corley
			Ryan Corley, Chief Executive Officer and President

Date:	November 10, 2015	By:	/s/Stephen J. Hoelscher
			Stephen J. Hoelscher, Chief Financial Officer

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4. ADVANCES FROM OFFICER AND STOCKHOLDER

6 Months Ended

Sep. 30, 2015

Related Party Transactions [Abstract]

4. ADVANCES FROM OFFICER AND STOCKHOLDER

NOTE 4 – ADVANCES FROM OFFICER AND STOCKHOLDER

Advances from Stockholder:

Advances from a stockholder at September 30, 2015 and March 31, 2015 were $31,000 and $31,000, respectively.

Advances from Officer:

Our CEO, Ryan Corley, has made advances to the Company in prior years. During the six months ended September 30, 2015, and the year ended March 31, 2015, the CEO made additional unsecured advances totaling $5,000 and $10,000. During the year ended March 31, 2015, the Company converted $2,000 of the advances into notes payable. At September 30, 2015 and March 31, 2015, advances from the CEO were $40,000 and $10,000 respectively.

The Company has notes payable to the CEO in the aggregate amount of $664,455 and $664,455 as of September 30, 2015 and March 31, 2015. Accrued interest owed on these notes at September 30, 2015 and March 31, 2015 is $168,781 and $162,137. These notes and accrued interest are convertible into 35,186,578 and 34,854,350 shares of restricted common stock of the company.

At September 30, 2015 and March 31, 2015, advances from the entity controlled by the CEO were $10,500 and $10,500 and notes payable totaled $160,250 and $160,250. Accrued interest owed on these notes at September 30, 2015 and March 31, 2015 is $26,552 and $25,392. These notes and accrued interest are convertible into 3,025,055 and 2,990,982 shares of restricted common stock of the company.

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3. CONVERTIBLE NOTES PAYABLE

6 Months Ended

Sep. 30, 2015

Payables and Accruals [Abstract]

3. CONVERTIBLE NOTES PAYABLE

NOTE 3 – CONVERTIBLE NOTES PAYABLE

Convertible notes payable-related party consists of the following:
	September 30, 2015		March 31, 2015
2% convertible notes payable to Ryan Corley, President of the Company, due on demand, convertible into a maximum of 33,222,750 common shares		664,455		664,455
2% convertible note payable to an entity controlled by Ryan Corley, President of the Company, due on demand, convertible into a maximum of 978,000 common shares		48,900		48,900
3% convertible notes payable to an entity controlled by Ryan Corley, President of the Company, due on demand, convertible into a maximum of 1,619,500 common shares		111,350		111,350
2% convertible notes payable to Douglas Goodsell, a related party, due on demand, convertible into a maximum of 519,850 common shares		10,396		10,396
Total notes payable-related party	$	835,101	$	835,101

Convertible notes payable - stockholders consist of the following:
	September 30, 2015		March 31, 2015
7% convertible notes payable to stockholders, due March 16, 2017, convertible into a maximum of 5,000,000  common shares,		100,000		125,000
4% convertible notes payable to a stockholder, due on demand, convertible into a maximum of 350,000 common shares		175,000		175,000
2% convertible notes payable to stockholders, due on demand, convertible into a maximum of 1,100,000 common shares		25,000		25,000
Total notes payable	$	300,000	$	325,000

In March 2015, the Company issued two conventional convertible notes in the aggregate amount of $125,000 to stockholders. A portion of the proceeds in the amount of $105,000 is restricted and to be used to obtain natural gas and petroleum properties. In connection with these notes, the Company issued 250,000 common shares valued in the amount of $4,250. During the six months ended September 30, 2015, $25,000 of these notes were treated as being repaid. The Company’s CEO transferred a private partnership interest to one of the note holders and then contributed the $25,000 in a non-cash transaction back to the Company. The effect of the transaction was that Convertible Notes payable were reduced by $25,000 and Advances from officer – related party was increased by $25,000. These notes are convertible into 5,250,000 common stock shares and accrue interest at a 7% per year rate. A Black-Scholes valuation of the conversion feature was determined to have no value and therefore no liability for the conversion feature was recorded. These notes are due March 16, 2017, however, if suitable natural gas and petroleum properties are not located in the near term, the restricted cash will be used to pay off these notes. For this reason, the notes have been classified as current liabilities.

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Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2015	Mar. 31, 2015
CURRENT ASSETS
Cash	$ 15,659	$ 22,529
Restricted cash	100,000	115,000
Prepaid expenses	36	559
TOTAL CURRENT ASSETS	$ 115,695	138,088
OTHER ASSETS
Deposits		1,137
TOTAL OTHER ASSETS		1,137
TOTAL ASSETS	$ 115,695	139,225
CURRENT LIABILITIES
Accounts payable and accrued expenses	585,148	567,865
Advances from officer - related party	50,500	20,500
Advances from stockholder	31,000	31,000
Convertible notes payable - stockholders	300,000	325,000
Convertible notes payable - related parties	835,101	835,101
TOTAL CURRENT LIABILITIES	1,801,749	1,779,466
STOCKHOLDERS' DEFICIT
Common stock, $0.00005 par value; 200,000,000 shares authorized, 53,701,518 and 52,601,518 shares issued and outstanding	2,685	2,630
Additional paid-in capital	5,640,239	5,629,294
Accumulated deficit	(7,228,978)	(7,172,165)
Other comprehensive income	(100,000)	(100,000)
TOTAL STOCKHOLDERS' DEFICIT	(1,686,054)	(1,640,241)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 115,695	$ 139,225

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1. BASIS OF PRESENTATION

6 Months Ended

Sep. 30, 2015

Accounting Policies [Abstract]

1. BASIS OF PRESENTATION

NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited consolidated financial statements of EnXnet, Inc. (“EnXnet” or “the Company”) for the six months ended September 30, 2015 have been prepared in accordance with generally accepted accounting principles in the United States of America, pursuant to the rules and regulations of the U.S. Securities and Exchange Commission for interim financial information. Accordingly, the consolidated financial statements do not include all information and footnotes required by generally accepted accounting principles in the United States for complete annual financial statements. In the opinion of management, the accompanying unaudited condensed interim consolidated financial statements reflect all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation. The accompanying consolidated financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s March 31, 2015 Annual Report on Form 10-K.

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2. GOING CONCERN

6 Months Ended

Sep. 30, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

2. GOING CONCERN

NOTE 2 – GOING CONCERN

The Company has a working capital deficit and has incurred losses since inception. These factors raise substantial doubt about the Company’s ability to continue as a going concern.  The consolidated financial statements do not include any adjustments that may be necessary if the Company is unable to continue as a going concern.

Management of the Company has undertaken certain actions to address these conditions.    Funds required to carry out management’s plans are expected to be derived from future stock sales and borrowings from outside parties. There can be no assurances that the Company will be successful in executing its plans.

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Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2015	Mar. 31, 2015
Statement of Financial Position [Abstract]
Common Stock, Par Value	$ 0.00005	$ 0.00005
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares Issued	53,701,518	52,601,518
Common Stock, Shares Outstanding	53,701,518	52,601,518

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4. ADVANCES FROM OFFICER AND STOCKHOLDER (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2015	Sep. 30, 2015	Sep. 30, 2014	Mar. 31, 2015
Advances from Stockholder		$ 31,000		$ 31,000
Advances from CEO, Increase		5,000		10,000
Conversion of Advances to Notes Payable	$ 15,000	25,000		2,000
Advances from CEO		40,000		10,000
Total notes payable-related party		835,101		$ 835,101
Shares Issuable upon Conversion				6,250,000
2% Convertible Notes payable to Ryan Corley, President of the Company, due on demand, convertible into a maximum of 33,222,750 common shares
Total notes payable-related party				$ 664,455
Accrued Interest, Notes Payable				$ 162,137
Shares Issuable upon Conversion				34,854,350
Entity Controlled by CEO
Advances from CEO				$ 10,500
Total notes payable-related party				160,250
Accrued Interest, Notes Payable				$ 25,392
Shares Issuable upon Conversion				2,990,982
2% Convertible Note Payable to Ryan Corley
Total notes payable-related party		664,455		$ 664,455
Accrued Interest, Notes Payable		$ 168,781
Shares Issuable upon Conversion		35,186,578
2% Convertible Note Payable to Entity Controlled by Ryan Corley 1
Advances from CEO		$ 10,500
Total notes payable-related party		48,900		$ 48,900
Accrued Interest, Notes Payable		$ 26,552
Shares Issuable upon Conversion		3,025,055

XML

Document and Entity Information - shares	6 Months Ended
	Sep. 30, 2015	Oct. 26, 2015
Document And Entity Information
Entity Registrant Name	ENXNET INC
Entity Central Index Key	0001083706
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		53,701,518
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2015

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5. STOCK OPTIONS - Option Activity (Details)	6 Months Ended
	Sep. 30, 2015 USD ($) shares
Other Liabilities Disclosure [Abstract]
Options outstanding at beginning of year	2,590,000
Options granted
Options exercised | $
Options canceled | $	$ 200,000
Options outstanding at end of year	2,390,000

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Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
REVENUES
COST OF SALES
Gross Profit
EXPENSES
Consulting fees	$ 11,300	$ 600	$ 11,700	$ 1,200
Depreciation & amortization		518		1,036
Payroll	$ 1,500	2,487	$ 4,000	7,063
Professional services	11,237	8,750	17,737	16,533
Occupancy	814	2,666	3,653	6,448
Travel	263	624	1,176	1,189
Other	803	447	1,450	1,144
Total Expenses	25,917	16,092	39,716	34,613
LOSS FROM OPERATIONS	(25,917)	(16,092)	(39,716)	(34,613)
OTHER INCOME (EXPENSE)
Interest expense	(8,548)	(6,407)	(17,097)	(12,741)
NET LOSS	$ (34,465)	$ (22,499)	$ (56,813)	$ (47,354)
BASIC AND DILUTED NET LOSS PER SHARE	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED	53,186,301	50,121,518	52,640,696	49,791,902

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7. SUBSIDIARY - EnXnet Energy Company, LLC.

6 Months Ended

Sep. 30, 2015

Noncontrolling Interest [Abstract]

7. SUBSIDIARY - EnXnet Energy Company, LLC.

NOTE 7 - SUBSIDIARY – EnXnet Energy Company, LLC.

EnXnet Energy Company LLC was organized in the State of Colorado on August 7, 2015 and is a wholly owned subsidiary of the Company. The subsidiary had no assets, liabilities or operations as of September 30, 2015.

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6. COMMON STOCK

6 Months Ended

Sep. 30, 2015

STOCKHOLDERS' DEFICIT

6. COMMON STOCK

NOTE 6 - COMMON STOCK

The Company issued 1,100,000 of common shares during the six months ended September 30, 2015 for services valued at $11,000.

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5. STOCK OPTIONS - Information about Stock Options (Details) - $ / shares	6 Months Ended
	Sep. 30, 2015	Mar. 31, 2015
Number Outstanding	2,390,000	2,590,000
Option 1
Range of Exercise Price	$ .12
Number Outstanding	1,590,000
Weighted Average Remaining Contractual Life Years	2 years 1 month
Number Exercisable	.12
Weighted Average Exercise Price (Exercisable shares)	$ 1,590,000
Option 2
Range of Exercise Price	$ .50
Number Outstanding	300,000
Weighted Average Remaining Contractual Life Years	9 months
Number Exercisable	.50
Weighted Average Exercise Price (Exercisable shares)	$ 300,000
Option 3
Range of Exercise Price	$ .15
Number Outstanding	500,000
Weighted Average Remaining Contractual Life Years	1 year 2 months
Number Exercisable	.15
Weighted Average Exercise Price (Exercisable shares)	$ 500,000
Option 4
Range of Exercise Price	$ .12
Number Outstanding	2,390,000
Weighted Average Remaining Contractual Life Years	1 year 6 months
Number Exercisable	.17
Weighted Average Exercise Price (Exercisable shares)	$ 2,390,000

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3. CONVERTIBLE NOTES PAYABLE - Convertible Notes Payable (Details) - USD ($)	Sep. 30, 2015	Mar. 31, 2015
Total notes payable-related party	$ 835,101	$ 835,101
Total notes payable	300,000	325,000
2% Convertible Note Payable to Ryan Corley
Total notes payable-related party	664,455	664,455
2% Convertible Note Payable to Entity Controlled by Ryan Corley 1
Total notes payable-related party	48,900	48,900
3% Convertible Note Payable to Entity Controlled by Ryan Corley 2
Total notes payable-related party	111,350	111,350
2% Convertible Note Payable to Douglas Goodsell
Total notes payable-related party	10,396	10,396
7% Convertible Note Payable to Stockholder 1
Total notes payable	100,000	125,000
4% Convertible Note Payable to Stockholder 2
Total notes payable	175,000	175,000
2% Convertible Note Payable to Stockholder 3
Total notes payable	$ 25,000	$ 25,000

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3. CONVERTIBLE NOTES PAYABLE (Tables)

6 Months Ended

Sep. 30, 2015

Payables and Accruals [Abstract]

Convertible Notes Payable

Convertible notes payable-related party consists of the following:
	September 30, 2015		March 31, 2015
2% convertible notes payable to Ryan Corley, President of the Company, due on demand, convertible into a maximum of 33,222,750 common shares		664,455		664,455
2% convertible note payable to an entity controlled by Ryan Corley, President of the Company, due on demand, convertible into a maximum of 978,000 common shares		48,900		48,900
3% convertible notes payable to an entity controlled by Ryan Corley, President of the Company, due on demand, convertible into a maximum of 1,619,500 common shares		111,350		111,350
2% convertible notes payable to Douglas Goodsell, a related party, due on demand, convertible into a maximum of 519,850 common shares		10,396		10,396
Total notes payable-related party	$	835,101	$	835,101

Convertible notes payable - stockholders consist of the following:
	September 30, 2015		March 31, 2015
7% convertible notes payable to stockholders, due March 16, 2017, convertible into a maximum of 5,000,000  common shares,		100,000		125,000
4% convertible notes payable to a stockholder, due on demand, convertible into a maximum of 350,000 common shares		175,000		175,000
2% convertible notes payable to stockholders, due on demand, convertible into a maximum of 1,100,000 common shares		25,000		25,000
Total notes payable	$	300,000	$	325,000

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5. STOCK OPTIONS (Tables)

6 Months Ended

Sep. 30, 2015

Other Liabilities Disclosure [Abstract]

Option Activity

	September 30, 2015
Options outstanding at beginning of year		2,590,000
Options granted		—
Options exercised		—
Options canceled		200,000
Options outstanding at end of year		2,390,000

Information about Stock Options

Range of Exercise Price				Number Outstanding		Weighted Average Remaining Contractual Life Years		Weighted Average Exercise Price (Total shares)		Number Exercisable		Weighted Average Exercise Price (Exercisable shares)
		$	.12		1,590,000		1.80	$	.12		1,590,000	$	.12
			.50		300,000		.75		.50		300,000		.50
			.15		500,000		1.15		.15		500,000		.15
	$		.12 - .50		2,390,000		1.54	$	.17		2,390,000	$	.17

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3. CONVERTIBLE NOTES PAYABLE (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	Sep. 30, 2015	Mar. 31, 2015
Debt Disclosure [Abstract]
Convertible Notes Issued		$ 125,000
Restricted Portion of Notes Issued		$ 115,000
Stock issued for debt issue costs, Shares		250,000
Stock issued for debt issue costs, value		$ 4,250
Convertible notes, shares to be issued		6,250,000
Interest rate		7.00%
Repayment of Notes Payable	$ 25,000

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6. COMMON STOCK (Details Narrative) - USD ($)	6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
STOCKHOLDERS' DEFICIT
Stock Issued for Services, Shares	1,100,000
Stock Issued for Services, Value	$ 11,000

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Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (56,813)	$ (47,354)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		$ 1,036
Common stock issued for services	$ 11,000
Stock options expense		$ 1,961
Changes in operating assets and liabilities:
Prepaid expenses	$ 523	(521)
Accounts payable & accrued expenses	17,283	9,115
Net cash used in operating activities	(28,007)	$ (35,763)
CASH FLOWS FROM INVESTING ACTIVITIES
Changes in restricted cash	15,000
Deposit	1,137
Net cash provided by investing activities	$ 16,137
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from stock sales		$ 28,000
Proceeds from advances from officer and stockholders	$ 5,000
Net cash provided by financing activities	5,000	$ 28,000
NET INCREASE (DECREASE) IN CASH	(6,870)	(7,763)
CASH - Beginning of period	22,529	23,439
CASH - End of period	$ 15,659	$ 15,676
SUPPLEMENTAL CASH FLOW DISCLOSURES:
Interest expense
Income taxes
NON-CASH FINANCING AND INVESTING TRANSACTIONS
Conversion of convertible notes payables-stockholders to Advances from officer - related party	$ 25,000

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5. STOCK OPTIONS

6 Months Ended

Sep. 30, 2015

Other Liabilities Disclosure [Abstract]

5. STOCK OPTIONS

NOTE 5 – STOCK OPTIONS

On July 24, 2001, the Company filed with the SEC Form S-8, for its 2002 Stock Option Plan, (the Plan). An aggregate amount of common stock that may be awarded and purchased under the Plan is 3,000,000 shares of the Company’s common stock.

A summary of the status of the Company’s stock options as of September 30, 2015 is presented below:

	September 30, 2015
Options outstanding at beginning of year		2,590,000
Options granted		—
Options exercised		—
Options canceled		200,000
Options outstanding at end of year		2,390,000

The following table summarizes the information about the stock options as of September 30, 2015:

Range of Exercise Price				Number Outstanding		Weighted Average Remaining Contractual Life Years		Weighted Average Exercise Price (Total shares)		Number Exercisable		Weighted Average Exercise Price (Exercisable shares)
		$	.12		1,590,000		1.80	$	.12		1,590,000	$	.12
			.50		300,000		.75		.50		300,000		.50
			.15		500,000		1.15		.15		500,000		.15
	$		.12 - .50		2,390,000		1.54	$	.17		2,390,000	$	.17

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5. STOCK OPTIONS (Details Narrative)	Sep. 30, 2015 shares
Other Liabilities Disclosure [Abstract]
Option Shares Authorized	3,000,000