10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 10-Q/A

Amendment No. 1 

[X]	QUARTERLY REPORT UNDER TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2018
	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 August 13, 2018, there were outstanding 58,376,518 shares of the registrant’s common stock, $0.00005 par value.

Explanatory Note

The purpose of this Amendment No. 1 to our Quarterly Report on Form 10-Q for the period ended June 30, 2018, as filed with the Securities and Exchange Commission on August 14, 2018, is to furnish the interactive data files as Exhibit 101 to the Form 10-Q. Exhibit 101 to this Amendment No. 1 provides the following items from the Form 10-Q formatted in XBRL (Extensible Business Reporting Language): (i) our consolidated balance sheets, (ii) our consolidated statements of income, (iii) our consolidated statements of stockholders equity (iv) our consolidated statements of cash flows, (v) the notes to our consolidated financial statements and (vi) the schedule to our consolidated financial statements.

1

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

2

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 11^th day of September 2018.

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

3

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

4

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 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 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:	September 11, 2018	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 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 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:	September 11, 2018	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 June 30, 2018, 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:	September 11, 2018	By:	/s/Ryan Corley
			Ryan Corley, Chief Executive Officer and President

Date:	September 11, 2018	By:	/s/Stephen J. Hoelscher
			Stephen J. Hoelscher, Chief Financial Officer

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Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2018	Feb. 06, 2018
Document And Entity Information
Entity Registrant Name	ENXNET INC
Entity Central Index Key	0001083706
Document Type	10-Q/A
Amendment Description	This amendment is being filed to comply with regulations.
Trading Symbol	EXNT
Document Period End Date	Jun. 30, 2018
Amendment Flag	true
Current Fiscal Year End Date	--03-31
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		58,376,518
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2018

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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jun. 30, 2018	Mar. 31, 2017
CURRENT ASSETS
Cash	$ 11,726	$ 21,744
Restricted cash	2,489	19,620
Prepaid expenses		1,118
TOTAL CURRENT ASSETS	14,215	42,482
OTHER ASSETS
Oil and gas cash bond	100,000	100,000
TOTAL OTHER ASSETS	100,000	100,000
TOTAL ASSETS	114,215	142,482
CURRENT LIABILITIES
Accounts payable and accrued expenses	692,761	674,297
Advances from officer - related party	10,500	25,500
Advances from stockholder	31,000	31,000
Note payable - stockholder	50,000	100,000
Note payable-related party	50,000
Convertible notes payable	300,000
Convertible notes payable - related parties	935,101	920,101
TOTAL CURRENT LIABILITIES	2,069,362	2,050,898
LONG-TERM LIABILITIES
Convertible note payable	100,000	100,000
TOTAL LONG-TERM LIABILITIES	100,000	100,000
TOTAL LIABILITIES	2,169,362	2,150,898
STOCKHOLDERS' DEFICIT
Common stock, $0.00005 par value; 200,000,000 shares authorized, 55,276,518	2,764	2,764
Additional paid-in capital	5,689,654	5,689,654
Accumulated deficit	(7,647,565)	(7,600,834)
Other comprehensive income	(100,000)	(100,000)
TOTAL STOCKHOLDERS' DEFICIT	(2,055,147)	(2,008,416)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 114,215	$ 142,482

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CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2018	Mar. 31, 2017
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.00005	$ 0.00005
Common stock, authorized	200,000,000	200,000,000
Common stock, issued	55,276,518	55,276,518
Common stock, outstanding	55,276,518	55,276,518

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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
EXPENSES
Oil and gas exploration		$ 600
Impairment of oil and gas properties, unproven	17,128
Payroll	1,500	1,500
Professional services	15,107	6,023
Occupancy and office	1,888	1,854
Travel	225	250
Total Expenses	35,848	10,227
LOSS FROM OPERATIONS	(35,848)	(10,227)
OTHER EXPENSE
Interest expense	(10,883)	(13,369)
NET LOSS	$ (46,731)	$ (23,596)
BASIC AND DILUTED NET LOSS PER SHARE (in dollars per share)	$ (0.00)	$ (0.00)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED (in shares)	55,276,518	54,528,093

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (46,731)	$ (23,596)
Adjustments to reconcile net loss to net cash used by operations:
Common stock issued for additional interest		4,000
Impairment of oil and gas properties, unproved	17,128
Prepaid expenses	1,118
Accounts payable and accrued expenses	18,464	7,194
Net cash used in operating activities	(10,021)	(12,402)
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to oil and gas properties, unproved	(17,128)	(17,255)
Purchase of cash bond		(100,000)
Net cash used in investing activities	(17,128)	(117,255)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from advances from officer- related party		500
Payment of advances from officer- related party		(500)
Proceeds from convertible note payable stockholder		16,000
Proceeds from note payable-stockholder		100,000
Net cash provided by financing activities		116,000
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(27,149)	(13,657)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - Beginning of period	41,364	60,400
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - End of period	14,215	46,743
SUPPLEMENTAL CASH FLOW DISCLOSURES:
Cash paid for interest
Cash paid for taxes
NON-CASH FINANCING AND INVESTING TRANSACTIONS
Conversion of advances from officer-related party to convertible notes payable-related party	$ 15,000	$ 6,000

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BASIS OF PRESENTATION

3 Months Ended

Jun. 30, 2018

Accounting Policies [Abstract]

BASIS OF PRESENTATION

NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited consolidated financial statements of EnXnet, Inc. (“EnXnet” or “the Company”) for the three months ended June 30, 2018 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 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 interim consolidated financial statements reflect all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year. The accompanying unaudited consolidated financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s March 31, 2018 Annual Report on Form 10-K.

Reclassification

Certain amounts in the 2017 financial statements have been reclassified to conform to the 2018 financial presentation. These reclassifications have no impact on net loss.

Cash, Cash Equivalents and Restricted Cash

Cash, cash equivalents and restricted cash consist of the following:
	June 30, 2018		March 31, 2018
Cash		11,726		21,744
Cash equivalents		—		—
Restricted cash		2,489		19,620
Total cash, cash equivalents and restricted cash	$	14,215	$	41,364

Recent Accounting Pronouncements

In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force). ASU 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. ASU 2016-18 is effective for all interim and annual reporting periods beginning after December 15, 2017. The attached financial statements include the adoption of ASU 2016-18 which was adopted by the Company on April 1, 2018. The adoption did not have a material impact on the Company’s Consolidated Financial Statements “, other than certain reclassifications have been made in the Company’s consolidated statements of cash flows to conform with the current period presentation.

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

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GOING CONCERN

3 Months Ended

Jun. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

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 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 su

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NOTES PAYABLE

3 Months Ended

Jun. 30, 2018

Payables and Accruals [Abstract]

NOTES PAYABLE

NOTE 3 – NOTES PAYABLE

Note payable-stockholder consists of the following:
	June 30, 2018		March 31, 2018
5.75% note payable to stockholder, due May 17, 2018.	$	50,000	$	100,000

Note payable-related party consists of the following:
	June 30, 2018		March 31, 2018
5.75% note payable to related party, due May 17, 2018.	$	50,000	$	-

Convertible notes payable-related party consists of the following:
	June 30, 2018		March 31, 2018
2% convertible notes payable to Ryan Corley, President of the Company, due on demand, convertible into a maximum of 38,238,984 common shares		764,455		749,455
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 519,828 common shares		10,396		10,396
Total notes payable-related party	$	935,101	$	890,101

Convertible notes payable consists of the following:
	June 30, 2018		March 31, 2018
7% convertible notes payable to stockholder, which is past due, convertible into a maximum of 250,000 common shares,		50,000		50,000
7% convertible notes payable to stockholder, due August 12, 2018 convertible into a maximum of 250,000 common shares,		50,000		50,000
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	$	300,000

Long Term Convertible notes payable consists of the following:
	June 30, 2018		March 31, 2018
7% convertible note payable to stockholder, due on August 15, 2019, convertible into a maximum of 250,000 common shares,		50,000		50,000
7% convertible note payable to stockholder, due on September 10, 2019, convertible into a maximum of 250,000 common shares,		50,000		50,000
Total notes payable	$	100,000	$	100,000

On April 1, 2018, the Company converted $15,000 of the advances from an officer into a convertible note payable. The note bears interest of 2% and is convertible with the accrued interest into common shares of the Company at a rate of $0.025 per share.

In April 2018, our CEO and President acquired a $50,000 interest in a note payable-stockholder that is due May 17, 2018, and at June 30, 2018 was in default. on August 13, 2018 the Company paid this note with the issuance of 1,250,000 shares of stock.

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RELATED PARTY TRANSACTIONS

3 Months Ended

Jun. 30, 2018

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 4 – RELATED PARTY TRANSACTIONS

Advances from Stockholder:

Advances from a stockholder at June 30, 2018 and March 31, 2018 was $31,000.

Advances from Officer:

Our CEO, Ryan Corley, has made advances to the Company in prior years. During the three months ended June 30, 2018 and the year ended March 31, 2018, respectively, the CEO made additional unsecured advances totaling $-0- and $15,500. During the three months ended June 30, 2018 and the year ended March 31, 2018, the Company made payments on these advances of $-0- and $500, respectively. At June 30, 2018 and March 31, 2018, respectively, advances from the CEO were $-0- and $15,000, respectively.

Accrued Interest - officer

The Company has notes payable to the CEO in the aggregate amount of $764,455 and $749,455 as of June 30, 2018 and March 31, 2018, respectively. Accrued interest owed on these notes at June 30, 2018 and March 31, 2018 is $208,684 and $204,861, respectively. These notes and accrued interest are convertible into 40,783,799 and 41,411,316 shares of restricted common stock of the Company, as of June 30, 2018 and March 31, 2018 respectively.

Advances from officer - related party

At June 30, 2018 and March 31, 2018, advances from the entity controlled by the CEO was $10,500 and notes payable totaled $160,250. Accrued interest owed on these notes at June 30, 2018 and March 31, 2018 is $35,873 and $35,188, respectively. These notes and accrued interest are convertible into 3,168,016 and 3,155,917 shares of restricted common stock of the Company, as of June 30, 2018 and March 31, 2018, respectively.

Oil and Gas Leases

During the three months ended June 30, 2018, the Company paid $100 in transfer fees to acquire a lease on an additional 640 acres in the Rocky Mountain range located in the state of Colorado for a 4-year term. The lease was acquired from our President and CEO. Each year, the Company is responsible for making additional lease payments of $2.50 per acre to keep the lease

The Company conducts its business from the office of its CEO, Ryan Corley, rent free.

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STOCK OPTIONS

3 Months Ended

Jun. 30, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

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 June 30, 2018 is presented below:

	June 30, 2018
Options outstanding at beginning of year		1,290,000
Options granted		—
Options exercised		—
Options expired		—
Options outstanding at end of year		1,290,000

The following table summarizes the information about the stock options as of June 30, 2018:

Weighted Average of Exercise Price		Number Outstanding	Weighted Average Remaining Contractual Life Years	Number Exercisable
	0.08	900,000	4.05	900,000
	0.10	240,000	4.05	240,000
	0.12	150,000	.05	150,000
$	0.08 - 0.12	1,290,000	3.59	1,290,000

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SUBSEQUENT EVENTS

3 Months Ended

Jun. 30, 2018

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 6 – SUBSEQUENT EVENTS

On July 10, 2018, the Company extended and repriced options that were expiring. A total of 100,000 options of the 150,000 options expiring were extended for one year at a price of $0.25 per option.

On August 13, 2018, the Company issued 600,000 shares of common stock in exchange for $30,000.

On August 13, 2018, the Company issued 2,500,000 common shares to retire two note payable in the aggregate amount of $100,000. These notes were in default. Prior to retiring the note, our CEO acquired a one-half interest in the note. Of these shares, 1,250,000 were issued to the CEO as payment of the note.

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BASIS OF PRESENTATION (Policies)

3 Months Ended

Jun. 30, 2018

Basis Of Presentation

Basis of presentation

The accompanying unaudited consolidated financial statements of EnXnet, Inc. (“EnXnet” or “the Company”) for the three months ended June 30, 2018 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 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 interim consolidated financial statements reflect all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year. The accompanying unaudited consolidated financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s March 31, 2018 Annual Report on Form 10-K.

Reclassification

Reclassification

Certain amounts in the 2017 financial statements have been reclassified to conform to the 2018 financial presentation. These reclassifications have no impact on net loss.

Cash, Cash Equivalents and Restricted Cash

Cash, Cash Equivalents and Restricted Cash

Cash, cash equivalents and restricted cash consist of the following:
	June 30, 2018		March 31, 2018
Cash		11,726		21,744
Cash equivalents		—		—
Restricted cash		2,489		19,620
Total cash, cash equivalents and restricted cash	$	14,215	$	41,364

Recent Accounting Pronouncements

Recent Accounting Pronouncements

In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force). ASU 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. ASU 2016-18 is effective for all interim and annual reporting periods beginning after December 15, 2017. The attached financial statements include the adoption of ASU 2016-18 which was adopted by the Company on April 1, 2018. The adoption did not have a material impact on the Company’s Consolidated Financial Statements “, other than certain reclassifications have been made in the Company’s consolidated statements of cash flows to conform with the current period presentation.

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

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BASIS OF PRESENTATION (Tables)

3 Months Ended

Jun. 30, 2018

Basis Of Presentation Tables Abstract

Schedule of cash and cash equivalents and restricted cash

	June 30, 2018		March 31, 2018
Cash		11,726		21,744
Cash equivalents		—		—
Restricted cash		2,489		19,620
Total cash, cash equivalents and restricted cash	$	14,215	$	41,364

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NOTES PAYABLE (Tables)

3 Months Ended

Jun. 30, 2018

Payables and Accruals [Abstract]

Convertible notes payable-related party

Note payable-related party consists of the following:
	June 30, 2018		March 31, 2018
5.75% note payable to related party, due May 17, 2018.	$	50,000	$	-

Convertible notes payable-related party consists of the following:
	June 30, 2018		March 31, 2018
2% convertible notes payable to Ryan Corley, President of the Company, due on demand, convertible into a maximum of 38,238,984 common shares		764,455		749,455
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 519,828 common shares		10,396		10,396
Total notes payable-related party	$	935,101	$	890,101

Convertible Notes Payable

Convertible notes payable consists of the following:
	June 30, 2018		March 31, 2018
7% convertible notes payable to stockholder, which is past due, convertible into a maximum of 250,000 common shares,		50,000		50,000
7% convertible notes payable to stockholder, due August 12, 2018 convertible into a maximum of 250,000 common shares,		50,000		50,000
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	$	300,000

Long term convertible notes payable

Long Term Convertible notes payable consists of the following:
	June 30, 2018		March 31, 2018
7% convertible note payable to stockholder, due on August 15, 2019, convertible into a maximum of 250,000 common shares,		50,000		50,000
7% convertible note payable to stockholder, due on September 10, 2019, convertible into a maximum of 250,000 common shares,		50,000		50,000
Total notes payable	$	100,000	$	100,000

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STOCK OPTIONS (Tables)

3 Months Ended

Jun. 30, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of stock options

	June 30, 2018
Options outstanding at beginning of year		1,290,000
Options granted		—
Options exercised		—
Options expired		—
Options outstanding at end of year		1,290,000

Schedule of stock options details

Weighted Average of Exercise Price		Number Outstanding	Weighted Average Remaining Contractual Life Years	Number Exercisable
	0.08	900,000	4.05	900,000
	0.10	240,000	4.05	240,000
	0.12	150,000	.05	150,000
$	0.08 - 0.12	1,290,000	3.59	1,290,000

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BASIS OF PRESENTATION (Details) - USD ($)	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2017	Mar. 31, 2017
Basis Of Presentation Details Abstract
Cash	$ 11,726	$ 21,744		$ 21,744
Cash equivalents
Restricted cash	2,489	19,620
Total cash, cash equivalents and restricted cash	$ 14,215	$ 41,364	$ 46,743	$ 60,400

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NOTES PAYABLE - Convertible notes payable - related party (Details) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2018	Mar. 31, 2018
Total notes payable-related party	$ 890,101	$ 920,101
2% convertible notes payable to Douglas Goodsell, a related praty, due on demand, convertible into a maximum of 519,850 common shares
Total notes payable-related party	10,396	10,396
2% Convertible notes payable to Ryan Corley, President of the Company, due on demand, convertilbe into a maximum of 37,638,984 common shares
Total notes payable-related party	764,455	749,455
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
Total notes payable-related party	111,350	111,350
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
Total notes payable-related party	$ 48,900	$ 48,900

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NOTES PAYABLE - Convertible Notes Payable (Details) - USD ($)	Jun. 30, 2018	Mar. 31, 2018
Total notes payable	$ 300,000	$ 300,000
Total
Total notes payable	300,000	300,000
Convertible Note 1
Total notes payable	50,000	50,000
Convertible Note 4
Total notes payable	25,000	25,000
Convertible Note 2
Total notes payable	50,000	50,000
Convertible Note 3
Total notes payable	$ 175,000	$ 175,000

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NOTES PAYABLE - Long Term Convertible Notes Payable (Details) - USD ($)	Jun. 30, 2018	Mar. 31, 2018
Longterm Convertible Note Payable Total
Long Term Debt Payable	$ 100,000	$ 100,000
Longterm Convertible Note Payable 1
Long Term Debt Payable	50,000	50,000
Longterm Convertible Note Payable 2
Long Term Debt Payable	$ 50,000	$ 50,000

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STOCK OPTIONS (Details)	3 Months Ended
	Jun. 30, 2018 shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options outstanding at beginning of year	1,290,000
Options outstanding at end of year	1,290,000

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STOCK OPTIONS (Details 1)	3 Months Ended
	Jun. 30, 2018 $ / shares shares
Total
Range of Exercise Price, min | $ / shares	$ 0.12
Range of Exercise Price, max | $ / shares	$ 0.08
Number Outstanding	1,290,000
Weighted Average Remaining Contractual Life Years	3 years 7 months 2 days
Number Exercisable	1,290,000
Option 1
Range of Exercise Price, max | $ / shares	$ 0.08
Number Outstanding	900,000
Weighted Average Remaining Contractual Life Years	4 years 18 days
Number Exercisable	900,000
Option 2
Range of Exercise Price, max | $ / shares	$ .10
Number Outstanding	240,000
Weighted Average Remaining Contractual Life Years	4 years 18 days
Number Exercisable	240,000
Option 3
Range of Exercise Price, max | $ / shares	$ 0.12
Number Outstanding	150,000
Weighted Average Remaining Contractual Life Years	18 days
Number Exercisable	150,000