10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

Form 10-Q

☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended JUNE 30, 2022

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______________ to _______________

Commission File Number: ___________________________________________________________

ALTAIR INTERNATIONAL CORP.

(Exact name of registrant as specified in its charter)

Nevada	333-190235	99-0385465
(State or other jurisdiction	(Commission File Number)	(IRS Employer
of Incorporation)		Identification Number)
322 North Shore Drive, Building 1B, Suite 200 Pittsburgh, PA		15212
(Address of principal executive offices)		(Zip Code)
	(412) 770-3140
	(Registrant's Telephone Number)

Indicate by check mark whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 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 past 90 days. Yes ☑ No ☐ 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such filings). Yes ☑ No ☐ 

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

Large accelerated filer ☐	Accelerated filer ☐
Non-accelerated filer ☑	Smaller reporting company ☑
	Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑

As of July 30, 2022, there were 601,348,180 shares of the registrant’s $0.001 par value common stock issued and outstanding.

TABLE OF CONTENTS

		Page No.
	PART I - FINANCIAL INFORMATION
Item 1.	Unaudited Financial Statements	3
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	13
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	16
Item 4.	Controls and Procedures	16
	PART II - OTHER INFORMATION
Item 1.	Legal Proceedings	17
Item1A.	Risk Factors	17
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	17
Item 3.	Defaults Upon Senior Securities	17
Item 4.	Mine Safety Disclosures	17
Item 5.	Other Information	17
Item 6.	Exhibits	17
	Signatures	18

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

ALTAIR INTERNATIONAL CORP.

INDEX TO FINANCIAL STATEMENTS 

Consolidated Balance Sheets as of June 30, 2022 (unaudited) and March 31, 2022	4
Consolidated Statements of Operations for the Three Months ended June 30, 2022 and 2021 (unaudited)	5
Consolidated Statement of Stockholders’ Equity (Deficit) for the Three Months ended June 30, 2022 and 2021 (unaudited)	6
Consolidated Statements of Cash Flows for the Three Months ended June 30, 2022 and 2021 (unaudited)	7
Notes to the Consolidated Financial Statements (unaudited)	8

3

ALTAIR INTERNATIONAL CORP. CONSOLIDATED BALANCE SHEETS
		June 30, 2022			March 31, 2022
ASSETS		(Unaudited)
Current Assets:
Cash	$	29,809		$	20,917
Prepaid stock compensation		180,000			270,000
Total Current Assets		209,809			290,917
Total Assets	$	209,809		$	290,917
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current Liabilities:
Accounts payable	$	20,500		$	—
Accrued compensation		9,000			4,000
Loans payable		49,155			49,155
Interest payable		11,228			8,701
Convertible notes payable, net of debt discount of $99,677 and $129,180, respectively		90,606			56,103
Derivative liability		147,305			157,507
Total Current Liabilities		327,794			275,466
Total Liabilities		327,794			275,466
Stockholders’ Equity (Deficit):
Preferred Stock, $0.001 par value, 10,000,000 shares authorized, no shares issued		—			—
Common Stock, $0.001 par value, 5,000,000,000 shares authorized; 597,185,738 and 594,241,502 shares issued and outstanding, respectively		597,187			594,243
Common stock to be issued		—			—
Additional paid in capital		14,848,301			14,787,384
Accumulated deficit		(15,563,473	)		(15,366,176	)
Total Stockholders' Equity (Deficit)		(117,985	)		15,451
Total Liabilities and Stockholders' Deficit	$	209,809		$	290,917
The accompanying notes are an integral part of these unaudited consolidated financial statements.

4

ALTAIR INTERNATIONAL CORP. CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
	For The Three Months Ended June 30,
	2022			2021
Operating Expenses:
Mining exploration expense	$	—		$	166,017
Consulting		—			697,769
Compensation – related party		102,000			12,000
Director fees		7,500			7,500
General and administrative		32,108			66,429
Total operating expenses		141,608			949,715
Loss from operations		(141,608	)		(949,715	)
Other Income (Expense):
Interest expense		(63,855	)		(94,270	)
Gain on conversion of debt		—			3,269
Change in fair value derivative		14,315			259,405
Loss on settlement of debt		—			(4,830	)
Loss on issuance of convertible debt		(6,149	)		(207,911	)
Total other expense		(55,689	)		(44,337	)
Loss before provision for income taxes		(197,297	)		(994,052	)
Provision for income taxes		—			—
Net Loss	$	(197,297	)	$	(994,052	)
Loss per share, basic and diluted	$	(0.00	)	$	(0.00	)
Weighted average shares outstanding, basic and diluted		595,179,775			553,170,240

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

5

ALTAIR INTERNATIONAL CORP. CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT) FOR THE THREE MONTHS ENDED JUNE 30, 2022 AND 2021 (Unaudited)
	Common Stock				Additional Paid in		Accumulated			Total Stockholders' Equity
	Shares		Amount		Capital		Deficit			(Deficit)
Balance, March 31, 2022		594,241,502	$	594,243	$	14,787,384	$	(15,366,176	)	$	15,451
Shares issued for debt		2,944,236		2,944		60,917		—			63,861
Net loss		—		—		—		(197,297	)		(197,297	)
Balance, June 30, 2022		597,185,738	$	597,187	$	14,848,301	$	(15,563,473	)	$	(117,985	)

	Common Stock				Additional Paid in		Common Stock To be			Accumulated			Total Stockholders'
	Shares		Amount		Capital		Issued			Deficit			(Deficit)
Balance, March 31, 2021		550,027,235	$	550,028	$	11,443,973	$	522,000		$	(12,895,662	)	$	(379,661	)
Shares issued for debt		291,500		292		34,188		—			—			34,480
Shares issued for services		6,100,000		6,100		893,900		(132,000	)		—			768,000
Net loss		—		—		—		—			(994,052	)		(994,052	)
Balance, June 30, 2021		556,418,735	$	556,420	$	12,372,061	$	390,000		$	(13,889,714	)	$	(571,233	)

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

6

ALTAIR INTERNATIONAL CORP. CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
	For the Three Months Ended June 30,
	2022			2021
CASH FLOW FROM OPERATING ACTIVITIES:
Net loss	$	(197,297	)	$	(994,052	)
Adjustments to reconcile net loss to net cash used in operating activities:
Debt discount expense		60,001			87,666
Stock based compensation		90,000			768,000
Gain on conversion of debt		—			(3,269	)
Loss on issuance of convertible debt		6,149			207,911
Loss on settlement of debt		—			4,830
Change in fair value of derivative		(14,315	)		(259,405	)
Changes in Operating Assets and Liabilities:
Advances and deposits		—			10,000
Accounts payable		20,500			6,074
Accrued compensation		5,000			—
Accrued interest		3,854			2,335
Net Cash Used in Operating Activities		(26,108	)		(169,910	)
CASH FLOWS FROM INVESTING ACTIVITIES:		—			—
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from convertible notes payable		35,000			400,000
Repayment of related party loan		—			(300,000	)
Net Cash Provided by Financing Activities		35,000			100,000
Net Change in Cash		8,892			(69,910	)
Cash at Beginning of Period		20,917			122,155
Cash at End of Period	$	29,809		$	52,245
Cash paid during the year for:
Interest	$	—		$	—
Income taxes	$	—		$	—
Supplemental non-cash disclosure:
Common stock issued for conversion of debt	$	63,861		$	—

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

7

ALTAIR INTERNATIONAL CORP.

Notes to the Unaudited Consolidated Financial Statements

June 30, 2022

NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS

Organization and Description of Business

ALTAIR INTERNATIONAL CORP. (the “Company” “Altair”) was incorporated under the laws of the State of Nevada on December 20, 2012. The Company’s physical address is 322 North Shore Drive, Building 1B, Suite 200, Pittsburgh, PA 15212.

License and Royalty Agreement

On February 10, 2021, the Company entered into a License and Royalty Agreement (the “License Agreement”) with St-Georges Eco-Mining Corp. (“SX”) and St-Georges Metallurgy Corp. (“SXM”) under which Altair has received a perpetual, non-exclusive license from SX of its lithium extraction technology for Altair to develop its lithium bearing prospects in the United States and SXM’s EV battery recycling technology for which Altair has agreed to act as exclusive master agent to promote the licensing and deployment of the EV battery recycling technology in North America. Altair has agreed to provide SX with a net revenue interest royalty on all metals and minerals extracted (the “Products”) and sold from Altair’s mineral interests in the United States and SX has agreed to provide Altair with a 1% trailer fee on any royalty received by SX from the licensing of the SX EV battery recycling technology to each licensee of the SX EV battery recycling technology referred by Altair or Altair’s sub-agents. Altair will pay a royalty of 5% of the net revenue received by Altair for sales of Products using the lithium extraction technology which decreases to 3% of the net revenue on all payments in excess of US$8,000,000 of production on an annualized basis.

The lithium extraction technology remains under development by SX and SXM.

EVLS

In August of 2021, the Company filed a patent application with the USPTO for its carbon nanotube/graphene based battery technology, which was comprised of 20 claims. In late November of 2021, we received a non-final rejection notice from the USPTO, citing a number of issues with the claims that would require amendment and/or modification. As we wish to submit a patent application with new ‘artwork,’ or technical drawings, we have decided to file a new patent application when feasible, as per USPTO policy an applicant cannot submit new artwork with an amended application. The technology remains viable, under further development, and, in our view, holds great potential to have a disruptive impact in the battery space.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The Company’s unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”), and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company as of and for the three month period ending June 30, 2022, and not necessarily indicative of the results to be expected for the full year ending March 31, 2023. These unaudited financial statements should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended March 31, 2022.

Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.

Concentrations of Credit Risk

We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash.

Cash Equivalents

The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents as of June 30, 2022 and March 31, 2022.

Principles of Consolidation

The accompanying consolidated financial statements for the three months ended June 30, 2022, include the accounts of the Company and its wholly owned subsidiary, EV Lithium Solutions, Inc. All significant intercompany transactions have been eliminated in consolidation.

8

Mining Expenses

The Company records all mining exploration and evaluation costs as expenses in the period in which they are incurred.

Fair Value of Financial Instruments

The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels.  The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:

Level 1:	Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.
Level 2:	Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.
Level 3:	Pricing inputs that are generally unobservable inputs and not corroborated by market data.

The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximates the fair value of such instruments as the notes bear interest rates that are consistent with current market rates.

The following table classifies the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy as of:

June 30, 2022

Description	Level 1		Level 2		Level 3
Derivative	$	—	$	—	$	147,305
Total	$	—	$	—	$	147,305

March 31, 2022

Description	Level 1		Level 2		Level 3
Derivative	$	—	$	—	$	157,507
Total	$	—	$	—	$	157,507

Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect.  These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

NOTE 3 - GOING CONCERN

The Company’s unaudited financial statements have been prepared on a going concern basis, which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $15,563,473 as of June 30, 2022. Further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern.  The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from third parties and/or private placement of common stock. The financial statements of the Company do not include any adjustments that may result from the outcome of these uncertainties.

9

NOTE 4 – ASSET PURCHASE

On March 19, 2021, the Company, through its newly formed Nevada subsidiary, EV Lithium Solutions, Inc., entered into an Asset Purchase Agreement with CryptoSolar LTD, a company formed under the laws of the United Kingdom, that has energy storage technology for a variety of industries, including electric vehicles, to be used in place of traditional batteries that rely upon chemical reactions rather than an electric field for higher energy output and a longer life than traditional batteries. Under the terms of the Asset Purchase Agreement, CryptoSolar received 2,500,000 shares of Altair's common stock at the closing of the transaction and will receive up to 900,000 additional shares of common stock in connection with the successful commercial development of the scaled-up EV battery prototype and 20% of the net profits from all products sold by Altair incorporating or based upon the assets acquired from CryptoSolar. In addition, Altair International entered into a five-year Consulting Agreement with the sole founder of CryptoSolar LTD, Andreas Tapakoudes, under which he will receive a consulting fee of $4,000 per month to develop a commercial lithium battery and a manufacturing facility for its commercial production.

The 2,500,000 shares issued were valued at $0.18 per share, the closing stock price on the date of grant, for total non-cash expense of $450,000. On August 23, 2021, the Company issued another 400,000 shares of common stock per the terms of the agreement. The shares issued were valued at $0.08 per share, the closing stock price on the date of grant, for total non-cash expense of $32,000. The Company determined that it was unable to substantiate the actual fair value of the technology that was acquired so has chosen to impair the full amount of $450,000 as of the year ended March 31, 2021 and the $32,000 as of the year ended March 31, 2022.

NOTE 5 – CONVERTIBLE NOTES PAYABLE

A summary of the Company’s convertible notes as of June 30, 2022, is presented below:

Note Holder	Date		Maturity Date	Interest			Balance March 30, 2022			Additions		Conversions			Balance June 30, 2022
EROP Enterprises (1)		9/9/2021	9/9/2022		8	%	$	25,000		$	—	$	—		$	25,000
EROP Enterprises (1)		11/12/2021	11/12/2022		8	%	$	30,000		$	—	$	(30,000	)	$	—
EROP Enterprises (2)		1/12/2022	1/12/2023		8	%	$	77,783		$	—	$	—		$	77,783
EROP Enterprises (2)		1/13/2022	1/13/2023		8	%	$	25,000		$	—	$	—		$	25,000
Thirty 05, LLC (2)		1/25/2022	1/25/2023		8	%	$	5,000		$	—	$	—		$	5,000
EROP Enterprises (3)		3/4/2022	3/4/2023		8	%	$	20,000		$	—	$	—		$	20,000
Thirty 05, LLC (3)		3/7/2022	3/7/2023		8	%	$	2,500		$	—	$	—		$	2,500
Thirty 05, LLC (3)		5/19/2022	5/19/2023		8	%	$	—		$	15,000	$	—		$	15,000
EROP Enterprises (3)		5/24/2022	5/24/2023		8	%		—			20,000		—			20,000
			Total				$	185,283		$	35,000	$	(30,000	)	$	190,283
			Less Discount				$	(129,180	)						$	(99,677	)
			Total				$	56,103							$	90,606

Total accrued interest on the above Notes as of June 30, 2022 and March 31, 2022, is $6,518 and $4,780, respectively.

(1)	On notice, the Note holder has the right to convert all or a portion of the outstanding balance of the Note into common shares of the Company at a rate of the lesser of (i)$0.10 or 70% of the lowest closing bid price of the common stock in the 5 days prior to conversion.
(2)	On notice, the Note holder has the right to convert all or a portion of the outstanding balance of the Note into common shares of the Company at a rate of the lesser of (i)$0.04 or 70% of the lowest closing bid price of the common stock in the 5 days prior to conversion.
(3)	On notice, the Note holder has the right to convert all or a portion of the outstanding balance of the Note into common shares of the Company at a rate of the lesser of (i)$0.02 or 70% of the lowest closing bid price of the common stock in the 5 days prior to conversion.

A summary of the activity of the derivative liability for the notes above is as follows:

Balance at March 31, 2021	$	142,642
Increase to derivative due to new issuances		809,212
Decrease to derivative due to conversion/repayments		(339,324	)
Derivative gain due to mark to market adjustment		(455,023	)
Balance at March 31, 2022		157,507
Increase to derivative due to new issuances		36,647
Decrease to derivative due to conversion/repayments		(32,534	)
Derivative gain due to mark to market adjustment		(14,315	)
Balance at June 30, 2022	$	147,305

10

A summary of quantitative information about significant unobservable inputs (Level 3 inputs) used in measuring the Company’s derivative liability that are categorized within Level 3 of the fair value hierarchy as of June 30, 2022 and March 31, 2022, is as follows:

Inputs	June 30, 2022			March 31, 2022
Stock price	$	0.017		$	0.0255
Conversion price	$	0.0119		$	0.0172
Volatility (annual)		135.20% - 167.98	%		122.88% - 146.18	%
Risk-free rate		2.66 - 1.68			.44 - 1.63
Dividend rate		—			—
Years to maturity		.19 - .90			.44 - .93

A summary of quantitative information about significant unobservable inputs (Level 3 inputs) used in measuring the Company’s derivative liability that are categorized within Level 3 of the fair value hierarchy at the time of conversion is as follows:

Inputs	June 30, 2022			March 31, 2022
Stock price	$	0.0195		$	0.4112 - 0.43
Conversion price	$	0.0106		$	0.145 - 0.147
Volatility (annual)		145.97	%		183.27% – 470.97	%
Risk-free rate		1.15	%		.05	%
Dividend rate		—			—
Years to maturity		.45			.27 – .89

The development and determination of the unobservable inputs for Level 3 fair value measurements and fair value calculations are the responsibility of the Company’s management.

NOTE 6 – LOANS PAYABLE

A summary of the Company’s loans payable as of June 30, 2022 is presented below:

Note Holder	Date		Maturity Date	Interest			Balance March 31, 2022		Additions		Repayments		Balance June 30, 2022
Third party		8/24/2020	8/24/2021		0	%		14,165	$	—	$	—	$	14,165
Byron Hampton		8/24/2020	8/24/2021		8	%		9,990		—		—		9,990
Byron Hampton		12/22/2020	12/22/2021		8	%		5,000		—		—		5,000
Byron Hampton		12/30/2020	12/30/2021		8	%		20,000		—		—		20,000
					Total		$	49,155	$	—	$	—	$	49,155

Total accrued interest on the above notes payable as of June 30, 2022 and March 31, 2022 was $4,710 and $3,991, respectively.

NOTE 7 – COMMON STOCK

During the three months ended June 30, 2022, EROP Enterprises LLC, converted $30,000 and $1,327 of principal and interest, respectively, into 2,944,236 shares of common stock.

Refer to Note 9 for shares issued to related parties.

11

NOTE 8 – WARRANTS

On October 15, 2020, the Company entered into a service agreement with a third party for a term of six months. Per the terms of the agreement the party was granted 1,000,000 warrants to purchase shares of common stock. The warrant vest on April 15, 2021. The warrants have an exercise price of $0.25 and expire in three years. The aggregate fair value of the warrants totaled $180,000 based on the Black Scholes Merton pricing model using the following estimates: stock price of $0.18, exercise price of $0.25, 1.57% risk free rate, 735.46% volatility and expected life of the warrants of 3 years.

A summary of the status of the Company’s outstanding stock warrants and changes during the year is presented below:

	Number of Warrants		Weighted Average Price		Weighted Average Fair Value		Aggregate Intrinsic Value
Outstanding, March 31, 2022		1,000,000	$	0.25	$	0.18	$	—
Issued		—	$	—	$	—		—
Exercised		—	$	—	$	—		—
Expired		—	$	—	$	—		—
Outstanding, March 31, 2022		1,000,000	$	0.25	$	0.18	$	—
Issued		—	$	—	$	—		—
Exercised		—	$	—	$	—		—
Expired		—	$	—	$	—		—
Exercisable, June 30, 2022		1,000,00	$	0.25	$	0.18	$	—

Range of Exercise Prices		Number Outstanding 6/30/2022		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price
	$0.25		1,000,000		1.29 years		$0.25

The aggregate intrinsic value represents the total pretax intrinsic value, based on warrants with an exercise price less than the Company’s stock price as of June 30, 2022, which would have been received by the warrant holder had the warrant holder exercised their warrants as of that date.

NOTE 9 – RELATED PARTY TRANSACTIONS

During the three months ended June 30, 2022 and 2021, the Company paid Mr. Leonard Lovallo $12,000 and $12,000 for his role as Chief Executive Office and President of the Company.

On January 8, 2022, the Company renewed and extended its contract with its CEO for a term of one year. As a signing bonus, Mr. Lovallo was granted 10,000,000 shares of the Company’s common stock. The shares were valued at $0.036, for total expense of $360,000, which is being amortized over the one-year term.

NOTE 10 – SUBSEQUENT EVENTS

In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the financial statements were issued and has determined that it does not have any material subsequent events to disclose in these financial statements other than the following.

On July 12, 2022, EROP Enterprises LLC, converted $25,000 and $1,682 of principal and interest, respectively, into 2,178,231 shares of common stock.

On July 19, 2022, the Company and Byron Hampton entered into an agreement to convert the three outstanding notes due to Mr. Hampton for a total of $39,684, into a single convertible note. The Company issued Mr. Hampton a convertible promissory note for $39,684 on July 19, 2022. The note accrues interest at 8% and matures in one year. The principal and any accrued interest is convertible at any time into shares of common stock at $0.02 per share.

On July 22, 2022, Mr. Hampton, converted the note payable of $39,684 into 1,984,211 shares of common stock.

On August 11, 2022, the Company issued a Non-Convertible Promissory Note for $50,000 to EROP Enterprises, LLC, The Note bears interest at 8% per annum, of which six months is guaranteed, and matures in one year.

12

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF OPERATION

FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These forward-looking statements are not historical facts but rather are based on current expectations, estimates and projections. We may use words such as “anticipate,” “expect,” “intend,” “plan,” “believe,” “foresee,” “estimate” and variations of these words and similar expressions to identify forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted. You should read this report completely and with the understanding that actual future results may be materially different from what we expect. The forward-looking statements included in this report are made as of the date of this report and should be evaluated with consideration of any changes occurring after the date of this Report. We will not update forward-looking statements even though our situation may change in the future and we assume no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Our Business

Altair International Corp. (“Altair”) is a development stage company that was incorporated in Nevada on December 20, 2012. The Company is currently in very preliminary discussions with a number of acquisition targets, each of which we believe would deliver significant value to our shareholders.

The Company is currently engaged in identifying and assessing new business opportunities.

Earn-In Agreement

On November 23, 2020, the Company entered into an Earn-In Agreement with American Lithium Minerals, Inc. (“AMLM”) under which we agreed to make total payments of $75,000 to AMLM in exchange for a 10% undivided interest in 63 unpatented placer mining claims comprised of approximately 1,260 acres, and 3 unpatented lode mining claims in Nevada. This $75,000 obligation has been fully satisfied by the Company ($30,000 paid 12/8/2020 and $45,000 paid 1/5/2021), resulting in Altair owning a 10% undivided interest in the claims. The Company has the option to increase its ownership interest by an additional 50% by a total payment of $1,300,648 for exploration and development costs as follows: $100,648 within year one for an additional 10/%, $600,000 in year two for an additional 20% and $600,000 in year three for an additional 20% ownership interest. The Earn-In Agreement grants Altair the exclusive right to explore the properties. In July 2021, the Company undertook a sampling and testing program on the Stonewall lithium project, which returned results showing anomalous lithium content. Further sampling and testing will be required to advance the Stonewall project.

License and Royalty Agreement

On February 10, 2021, the Company entered into a License and Royalty Agreement (the “License Agreement”) with St-Georges Eco-Mining Corp. (“SX”) and St-Georges Metallurgy Corp. (“SXM”) under which Altair has received a perpetual, non-exclusive license from SX of its lithium extraction technology for Altair to develop its lithium bearing prospects in the United States and SXM’s EV battery recycling technology for which Altair has agreed to act as exclusive master agent to promote the licensing and deployment of the EV battery recycling technology in North America. Altair has agreed to provide SX with a net revenue interest royalty on all metals and minerals extracted (the “Products”) and sold from Altair’s mineral interests in the United States and SX has agreed to provide Altair with a 1% trailer fee on any royalty received by SX from the licensing of the SX EV battery recycling technology to each licensee of the SX EV battery recycling technology referred by Altair or Altair’s sub-agents. Altair will pay a royalty of 5% of the net revenue received by Altair for sales of Products using the lithium extraction technology which decreases to 3% of the net revenue on all payments in excess of US$8,000,000 of production on an annualized basis.

Activities of our wholly-owned subsidiary, EV Lithium Solution, Inc. (EVLS)

On March 19, 2021, EVLS acquired a 100% interest in the IP related to a novel, solid state lithium/graphene battery technology from Cryptosolar Ltd., a Company domiciled in the United Kingdom. We continue to invest in the research and development of this technology and such development is moving forward rapidly. We are currently in the process of patenting the technology and are exploring options for commercialization. On July 21, 2021, the Company engaged Mr. Matthew Kiang to assist in our efforts to commercialize our battery technology, and on August 6, 2021, the Company filed its first patent application for this technology, which referenced 20 claims. In December 2021, we received a non-final rejection of the claims on various grounds and we have since determined that the most prudent course of action will be to file a new patent application rather than amend the existing application. We do not currently have an established timeline for our filing of a new patent application.

13

RESULTS OF OPERATIONS

We have incurred recurring losses to date. Our financial statements have been prepared assuming that we will continue as a going concern and accordingly do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

We expect we will require additional capital to meet our long-term operating requirements. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from third parties and\or private placements of common stock. No assurance can be given that such funds will be available.

Results of operations for the three months ended June 30, 2022 compared to the three months ended June 30, 2021.

Revenues

The Company has not recognized any revenue to date.

Operating Expenses

Mining and exploration expense for the three months ended June 30, 2022 was $0 compared to $166,017 for the three months ended June 30, 2021. The Company’s mining and exploration expense has decreased to $0 in the current period as the Company looks for new opportunities.

Consulting expense for the three months ended June 30, 2022 was $0 compared to $697,769 for the three months ended June 30, 2021. In the prior period we granted 6,000,000 shares of common stock for total non-cash consulting expense of $660,000. In addition to the stock compensation, we incurred additional expense in the prior period for consultants who are not currently doing any work for the Company.

Compensation expense – related party, for the three months ended June 30, 2022 was $102,000 compared to $12,000 for the three months ended June 30, 2021. The Company incurs compensation expense for its CEO. In the current period we recognized $90,000 of stock compensation expense from shares issued in the prior period for which their value is being amortized over the term of the CEO’s employment agreement.

Director fees for the three months ended June 30, 2022, was $7,500 compared to $7,500 for the three months ended June 30, 2021.

General and administrative expense for the three months ended June 30, 2022, was $32,108 compared to $66,429 for the three months ended June 30, 2021. In the current period are larger expenses were for professional fees of $12,500, and other outside services of $16,000. In the prior period professional fees were $17,400, and our expenses for OTC fees and the transfer agent were higher than in the current period.

Other Expense

Total other expense for the three months ended June 30, 2022, was $5,589, consisting of $63,855 of interest expense, which includes $60,001 of debt discount amortization, a gain on the change in the fair value of derivative of $14,315 and a loss on the issuance of convertible debt of $6,149. Total other expense for the three months ended June 30, 2021, was $44,337, consisting of $94,270 of interest expense, which includes $87,666 of debt discount amortization, a gain on the change in the fair value of derivative of $259,405, a loss on the issuance of convertible debt of $207,911, and a loss on the settlement of debt of $4,830.

Net Loss

Net loss for the three months ended June 30, 2022 was $197,297, in comparison to a net loss of $994,052 for the three months ended June 30, 2021. The large decrease to our net loss is largely attributed to our non-cash stock-based compensation expense we incurred in the prior period.

Liquidity and Capital Resources

Cash flow used in Operating Activities.

We have not generated positive cash flows from operating activities. During the three months ended June 30, 2022, the Company used $26,108 of cash for operating activities compared to $169,910 of cash for operating activities in the prior period.

Cash flow from Financing Activities

We have financed our operations primarily from either advancements or the issuance of equity and debt instruments. During the three months ended June 30, 2022, the Company received $35,000 of cash from the issuance of new convertible notes. In the prior period we received $400,000 of cash from the issuance of convertible notes which was offset by payments of $300,000 to repay related party debt.

14

Going Concern

We have not attained profitable operations and are dependent upon obtaining financing to pursue any extensive acquisitions and activities. For these reasons, our auditors stated in their report on our audited financial statements that they have substantial doubt that we will be able to continue as a going concern without further financing. The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.

Off-Balance Sheet Arrangements

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

Future Financings

We will continue to rely on equity sales of our common shares or debt financing arrangements in order to continue to fund our business operations. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve any additional sales of the equity securities or arrange for debt or other financing to fund our operations and other activities.

Critical Accounting Policies

Our financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.

We regularly evaluate the accounting policies and estimates that we use to prepare our financial statements. A complete summary of these policies is included in the notes to our financial statements. In general, management's estimates are based on historical experience, on information from third party professionals, and on various other assumptions that are believed to be reasonable under the facts and circumstances. Actual results could differ from those estimates made by management.

Contractual Obligations

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

Recently Issued Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

15

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 4. Controls and Procedures

Management’s Report Disclosure Controls and Procedures

During the quarter ended June 30, 2022, we carried out an evaluation, under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, of the effectiveness of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)). Based upon that evaluation, our principal executive officer and principal financial officer concluded that, as of the end of the period covered in this report, our disclosure controls and procedures were ineffective to ensure that information required to be disclosed in reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the required time periods specified in the Commission’s rules and forms and is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.

Our principal executive officer and principal financial officer, do not expect that our disclosure controls and procedures or our internal controls will prevent all error or fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Due to the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected.

To address the material weaknesses, we performed additional analysis and other post-closing procedures in an effort to ensure our financial statements included in this annual report have been prepared in accordance with generally accepted accounting principles. In addition, we engaged accounting consultants to assist in the preparation of our financial statements. Accordingly, management believes that the financial statements included in this report fairly present in all material respects our financial condition, results of operations and cash flows for the periods presented.

Management’s Report on Internal Control over Financial Reporting

Internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) is a process designed by, or under the supervision of, our principal executive and principal financial officers, and effected by our board of directors, management and other personnel, 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. The management is responsible for establishing and maintaining adequate internal control over our financial reporting. Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of the effectiveness of our internal control over financial reporting using the Internal Control – Integrated Framework (2013) developed by the Committee of Sponsoring Organizations of the Treadway Commission. Based on this evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that our internal control over financial reporting was not effective as of June 30, 2022.

We are aware of the following material weaknesses in internal control that could adversely affect the Company’s ability to record, process, summarize and report financial data:

• Due to our size and limited resources, we currently do not employ the appropriate accounting personnel to ensure (a) we maintain proper segregation of duties, (b) that all transactions are entered timely and accurately, and (c) we properly account for complex or unusual transactions

• Due to our size and scope of operations, we currently do not have an independent audit committee in place

• Due to our size and limited resources, we have not properly documented a complete assessment of the effectiveness of the design and operation of our internal control over financial reporting.

Inherent limitations on effectiveness of controls

Internal control over financial reporting has inherent limitations, which include but is not limited to the use of independent professionals for advice and guidance, interpretation of existing and/or changing rules and principles, segregation of management duties, scale of organization, and personnel factors. Internal control over financial reporting is a process, which involves human diligence and compliance and is subject to lapses in judgment and breakdowns resulting from human failures. Internal control over financial reporting also can be circumvented by collusion or improper management override. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements on a timely basis, however these inherent limitations are known features of the financial reporting process and it is possible to design into the process safeguards to reduce, though not eliminate, this risk. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

16

PART II OTHER INFORMATION

None.

ITEM 1. LEGAL PROCEEDINGS

We know of no material, existing or pending legal proceedings against our Company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which our director, officer or any affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

ITEM 1A. RISK FACTORS

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.

ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds.

None.

ITEM 3. Defaults Upon Senior Securities

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

None.

ITEM 6. EXHIBITS

Exhibit Number	Description of Exhibit	Filing
3.01	Articles of Incorporation	Filed with the SEC on July 29, 2013 as part of our Registration Statement on Form S-1.
3.02	Bylaws	Filed with the SEC on July 29, 2013 as part of our Registration Statement on Form S-1.
31.01	CEO and CFO Certification Pursuant to Rule 13a-14	Filed herewith.
32.01	CEO and CFO Certification Pursuant to Section 906 of the Sarbanes-Oxley Act	Filed herewith.
101.INS*	Inline XBRL Instance Document	Filed herewith.
101.SCH*	Inline XBRL Taxonomy Extension Schema Document	Filed herewith.
101.CAL*	Inline XBRL Taxonomy Extension Calculation Linkbase Document	Filed herewith.
101.LAB*	Inline XBRL Taxonomy Extension Labels Linkbase Document	Filed herewith.
101.PRE*	Inline XBRL Taxonomy Extension Presentation Linkbase Document	Filed herewith.
101.DEF*	Inline XBRL Taxonomy Extension Definition Linkbase Document	Filed herewith.

17

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

ALTAIR INTERNATIONAL CORP.

Dated: August 12, 2022

/s/ Leonard Lovallo                    

By: Leonard Lovallo

Its: President, CEO and Director

18

EX-31.1

EXHIBIT 31.1

CERTIFICATION

I, Leonard Lovallo, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Altair International Corp. (the “Company”);

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 Company as of, and for, the periods presented ire this report;

4. I am 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 Rules 13a-15(f) and 15d-15(f)) for the Company 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 Company, 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 Company’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 Company’s internal control over financial reporting that occurred during the Company’s most recent fiscal quarter (the Company’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting; and

5. I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Company’s auditors and the audit committee of the Company’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 Company’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 Company’s internal control over financial reporting.

Date: August 12, 2022	/s/ Leonard Lovallo
	Leonard Lovallo
	Chief Executive Officer and Chief Financial Officer

EX-32.1

 EXHIBIT 32.1

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 Altair International Corp. (the “Company”) on Form 10-Q for the period ended June 30, 2022, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Leonard Lovallo, Principal Executive Officer of the Company, 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 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 Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: August 12, 2022	/s/ Leonard Lovallo
	Leonard Lovallo
	Chief Executive Officer

XML

Cover - shares	3 Months Ended
	Jun. 30, 2022	Jul. 30, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--03-31
Entity File Number	333-190235
Entity Registrant Name	ALTAIR INTERNATIONAL CORP.
Entity Central Index Key	0001570937
Entity Tax Identification Number	99-0385465
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	322 North Shore Drive
Entity Address, Address Line Two	Building 1B, Suite 200
Entity Address, City or Town	Pittsburgh
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	15212
City Area Code	412
Local Phone Number	770-3140
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		601,348,180

XML

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jun. 30, 2022	Mar. 31, 2022
Current Assets:
Cash	$ 29,809	$ 20,917
Prepaid stock compensation	180,000	270,000
Total Current Assets	209,809	290,917
Total Assets	209,809	290,917
Current Liabilities:
Accounts payable	20,500
Accrued compensation	9,000	4,000
Loans payable	49,155	49,155
Interest payable	11,228	8,701
Convertible notes payable, net of debt discount of $99,677 and $129,180, respectively	90,606	56,103
Derivative liability	147,305	157,507
Total Current Liabilities	327,794	275,466
Total Liabilities	327,794	275,466
Stockholders’ Equity (Deficit):
Preferred Stock, $0.001 par value, 10,000,000 shares authorized, no shares issued
Common Stock, $0.001 par value, 5,000,000,000 shares authorized; 597,185,738 and 594,241,502 shares issued and outstanding, respectively	597,187	594,243
Common stock to be issued
Additional paid in capital	14,848,301	14,787,384
Accumulated deficit	(15,563,473)	(15,366,176)
Total Stockholders' Equity (Deficit)	(117,985)	15,451
Total Liabilities and Stockholders' Deficit	$ 209,809	$ 290,917

XML

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($)	Jun. 30, 2022	Mar. 31, 2022
Statement of Financial Position [Abstract]
Debt Instrument, Unamortized Discount, Current	$ 99,677	$ 129,180
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	5,000,000,000	5,000,000,000
Common Stock, Shares, Issued	597,185,738	594,241,502
Common Stock, Shares, Outstanding	597,185,738	594,241,502

XML

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating Expenses:
Mining exploration expense		$ 166,017
Consulting		697,769
Compensation – related party	102,000	12,000
Director fees	7,500	7,500
General and administrative	32,108	66,429
Total operating expenses	141,608	949,715
Loss from operations	(141,608)	(949,715)
Other Income (Expense):
Interest expense	(63,855)	(94,270)
Gain on conversion of debt		3,269
Change in fair value derivative	14,315	259,405
Loss on settlement of debt		(4,830)
Loss on issuance of convertible debt	(6,149)	(207,911)
Total other expense	(55,689)	(44,337)
Loss before provision for income taxes	(197,297)	(994,052)
Provision for income taxes
Net Loss	$ (197,297)	$ (994,052)
Loss per share, basic and diluted	$ (0.00)	$ (0.00)
Weighted average shares outstanding, basic and diluted	595,179,775	553,170,240

XML

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total	AOCI Attributable to Parent [Member]
Beginning balance, value at Mar. 31, 2021	$ 550,028	$ 11,443,973	$ (12,895,662)	$ (379,661)	$ 522,000
Shares, Outstanding, Beginning Balance at Mar. 31, 2021	550,027,235
Shares issued for debt	$ 292	34,188		34,480
Stock Issued During Period, Shares, Conversion of Convertible Securities	291,500
Net loss			(994,052)	(994,052)
Shares issued for services	$ 6,100	893,900		768,000	(132,000)
Stock Issued During Period, Shares, Issued for Services	6,100,000
Ending balance, value at Jun. 30, 2021	$ 556,420	12,372,061	(13,889,714)	(571,233)	$ 390,000
Shares, Outstanding, Ending Balance at Jun. 30, 2021	556,418,735
Beginning balance, value at Mar. 31, 2022	$ 594,243	14,787,384	(15,366,176)	15,451
Shares, Outstanding, Beginning Balance at Mar. 31, 2022	594,241,502
Shares issued for debt	$ 2,944	60,917		63,861
Stock Issued During Period, Shares, Conversion of Convertible Securities	2,944,236
Net loss			(197,297)	(197,297)
Ending balance, value at Jun. 30, 2022	$ 597,187	$ 14,848,301	$ (15,563,473)	$ (117,985)
Shares, Outstanding, Ending Balance at Jun. 30, 2022	597,185,738

XML

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
CASH FLOW FROM OPERATING ACTIVITIES:
Net loss	$ (197,297)	$ (994,052)
Adjustments to reconcile net loss to net cash used in operating activities:
Debt discount expense	60,001	87,666
Stock based compensation	90,000	768,000
Gain on conversion of debt		(3,269)
Loss on issuance of convertible debt	6,149	207,911
Loss on settlement of debt		4,830
Change in fair value of derivative	(14,315)	(259,405)
Changes in Operating Assets and Liabilities:
Advances and deposits		10,000
Accounts payable	20,500	6,074
Accrued compensation	5,000
Accrued interest	3,854	2,335
Net Cash Used in Operating Activities	(26,108)	(169,910)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from convertible notes payable	35,000	400,000
Repayment of related party loan		(300,000)
Net Cash Provided by Financing Activities	35,000	100,000
Net Change in Cash	8,892	(69,910)
Cash at Beginning of Period	20,917	122,155
Cash at End of Period	29,809	52,245
Interest
Income taxes
Supplemental non-cash disclosure:
Common stock issued for conversion of debt	$ 63,861

XML

NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS

3 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS

NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS

Organization and Description of Business

ALTAIR INTERNATIONAL CORP. (the “Company” “Altair”) was incorporated under the laws of the State of Nevada on December 20, 2012. The Company’s physical address is 322 North Shore Drive, Building 1B, Suite 200, Pittsburgh, PA 15212.

License and Royalty Agreement

On February 10, 2021, the Company entered into a License and Royalty Agreement (the “License Agreement”) with St-Georges Eco-Mining Corp. (“SX”) and St-Georges Metallurgy Corp. (“SXM”) under which Altair has received a perpetual, non-exclusive license from SX of its lithium extraction technology for Altair to develop its lithium bearing prospects in the United States and SXM’s EV battery recycling technology for which Altair has agreed to act as exclusive master agent to promote the licensing and deployment of the EV battery recycling technology in North America. Altair has agreed to provide SX with a net revenue interest royalty on all metals and minerals extracted (the “Products”) and sold from Altair’s mineral interests in the United States and SX has agreed to provide Altair with a 1% trailer fee on any royalty received by SX from the licensing of the SX EV battery recycling technology to each licensee of the SX EV battery recycling technology referred by Altair or Altair’s sub-agents. Altair will pay a royalty of 5% of the net revenue received by Altair for sales of Products using the lithium extraction technology which decreases to 3% of the net revenue on all payments in excess of US$8,000,000 of production on an annualized basis.

The lithium extraction technology remains under development by SX and SXM.

EVLS

In August of 2021, the Company filed a patent application with the USPTO for its carbon nanotube/graphene based battery technology, which was comprised of 20 claims. In late November of 2021, we received a non-final rejection notice from the USPTO, citing a number of issues with the claims that would require amendment and/or modification. As we wish to submit a patent application with new ‘artwork,’ or technical drawings, we have decided to file a new patent application when feasible, as per USPTO policy an applicant cannot submit new artwork with an amended application. The technology remains viable, under further development, and, in our view, holds great potential to have a disruptive impact in the battery space.

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NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The Company’s unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”), and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company as of and for the three month period ending June 30, 2022, and not necessarily indicative of the results to be expected for the full year ending March 31, 2023. These unaudited financial statements should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended March 31, 2022.

Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.

Concentrations of Credit Risk

We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash.

Cash Equivalents

The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents as of June 30, 2022 and March 31, 2022.

Principles of Consolidation

The accompanying consolidated financial statements for the three months ended June 30, 2022, include the accounts of the Company and its wholly owned subsidiary, EV Lithium Solutions, Inc. All significant intercompany transactions have been eliminated in consolidation.

Mining Expenses

The Company records all mining exploration and evaluation costs as expenses in the period in which they are incurred.

Fair Value of Financial Instruments

The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels.  The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:

Level 1:	Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.
Level 2:	Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.
Level 3:	Pricing inputs that are generally unobservable inputs and not corroborated by market data.

The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximates the fair value of such instruments as the notes bear interest rates that are consistent with current market rates.

The following table classifies the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy as of:

June 30, 2022

Description	Level 1		Level 2		Level 3
Derivative	$	—	$	—	$	147,305
Total	$	—	$	—	$	147,305

March 31, 2022

Description	Level 1		Level 2		Level 3
Derivative	$	—	$	—	$	157,507
Total	$	—	$	—	$	157,507

Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect.  These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

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NOTE 3 - GOING CONCERN

3 Months Ended

Jun. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

NOTE 3 - GOING CONCERN

NOTE 3 - GOING CONCERN

The Company’s unaudited financial statements have been prepared on a going concern basis, which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $15,563,473 as of June 30, 2022. Further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern.  The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from third parties and/or private placement of common stock. The financial statements of the Company do not include any adjustments that may result from the outcome of these uncertainties.

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NOTE 4 – ASSET PURCHASE

3 Months Ended

Jun. 30, 2022

Note 4 Asset Purchase

NOTE 4 – ASSET PURCHASE

NOTE 4 – ASSET PURCHASE

On March 19, 2021, the Company, through its newly formed Nevada subsidiary, EV Lithium Solutions, Inc., entered into an Asset Purchase Agreement with CryptoSolar LTD, a company formed under the laws of the United Kingdom, that has energy storage technology for a variety of industries, including electric vehicles, to be used in place of traditional batteries that rely upon chemical reactions rather than an electric field for higher energy output and a longer life than traditional batteries. Under the terms of the Asset Purchase Agreement, CryptoSolar received 2,500,000 shares of Altair's common stock at the closing of the transaction and will receive up to 900,000 additional shares of common stock in connection with the successful commercial development of the scaled-up EV battery prototype and 20% of the net profits from all products sold by Altair incorporating or based upon the assets acquired from CryptoSolar. In addition, Altair International entered into a five-year Consulting Agreement with the sole founder of CryptoSolar LTD, Andreas Tapakoudes, under which he will receive a consulting fee of $4,000 per month to develop a commercial lithium battery and a manufacturing facility for its commercial production.

The 2,500,000 shares issued were valued at $0.18 per share, the closing stock price on the date of grant, for total non-cash expense of $450,000. On August 23, 2021, the Company issued another 400,000 shares of common stock per the terms of the agreement. The shares issued were valued at $0.08 per share, the closing stock price on the date of grant, for total non-cash expense of $32,000. The Company determined that it was unable to substantiate the actual fair value of the technology that was acquired so has chosen to impair the full amount of $450,000 as of the year ended March 31, 2021 and the $32,000 as of the year ended March 31, 2022.

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NOTE 5 – CONVERTIBLE NOTES PAYABLE

3 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

NOTE 5 – CONVERTIBLE NOTES PAYABLE

NOTE 5 – CONVERTIBLE NOTES PAYABLE

A summary of the Company’s convertible notes as of June 30, 2022, is presented below:

Note Holder	Date		Maturity Date	Interest			Balance March 30, 2022			Additions		Conversions			Balance June 30, 2022
EROP Enterprises (1)		9/9/2021	9/9/2022		8	%	$	25,000		$	—	$	—		$	25,000
EROP Enterprises (1)		11/12/2021	11/12/2022		8	%	$	30,000		$	—	$	(30,000	)	$	—
EROP Enterprises (2)		1/12/2022	1/12/2023		8	%	$	77,783		$	—	$	—		$	77,783
EROP Enterprises (2)		1/13/2022	1/13/2023		8	%	$	25,000		$	—	$	—		$	25,000
Thirty 05, LLC (2)		1/25/2022	1/25/2023		8	%	$	5,000		$	—	$	—		$	5,000
EROP Enterprises (3)		3/4/2022	3/4/2023		8	%	$	20,000		$	—	$	—		$	20,000
Thirty 05, LLC (3)		3/7/2022	3/7/2023		8	%	$	2,500		$	—	$	—		$	2,500
Thirty 05, LLC (3)		5/19/2022	5/19/2023		8	%	$	—		$	15,000	$	—		$	15,000
EROP Enterprises (3)		5/24/2022	5/24/2023		8	%		—			20,000		—			20,000
			Total				$	185,283		$	35,000	$	(30,000	)	$	190,283
			Less Discount				$	(129,180	)						$	(99,677	)
			Total				$	56,103							$	90,606

Total accrued interest on the above Notes as of June 30, 2022 and March 31, 2022, is $6,518 and $4,780, respectively.

(1)	On notice, the Note holder has the right to convert all or a portion of the outstanding balance of the Note into common shares of the Company at a rate of the lesser of (i)$0.10 or 70% of the lowest closing bid price of the common stock in the 5 days prior to conversion.
(2)	On notice, the Note holder has the right to convert all or a portion of the outstanding balance of the Note into common shares of the Company at a rate of the lesser of (i)$0.04 or 70% of the lowest closing bid price of the common stock in the 5 days prior to conversion.
(3)	On notice, the Note holder has the right to convert all or a portion of the outstanding balance of the Note into common shares of the Company at a rate of the lesser of (i)$0.02 or 70% of the lowest closing bid price of the common stock in the 5 days prior to conversion.

A summary of the activity of the derivative liability for the notes above is as follows:

Balance at March 31, 2021	$	142,642
Increase to derivative due to new issuances		809,212
Decrease to derivative due to conversion/repayments		(339,324	)
Derivative gain due to mark to market adjustment		(455,023	)
Balance at March 31, 2022		157,507
Increase to derivative due to new issuances		36,647
Decrease to derivative due to conversion/repayments		(32,534	)
Derivative gain due to mark to market adjustment		(14,315	)
Balance at June 30, 2022	$	147,305

A summary of quantitative information about significant unobservable inputs (Level 3 inputs) used in measuring the Company’s derivative liability that are categorized within Level 3 of the fair value hierarchy as of June 30, 2022 and March 31, 2022, is as follows:

Inputs	June 30, 2022			March 31, 2022
Stock price	$	0.017		$	0.0255
Conversion price	$	0.0119		$	0.0172
Volatility (annual)		135.20% - 167.98	%		122.88% - 146.18	%
Risk-free rate		2.66 - 1.68			.44 - 1.63
Dividend rate		—			—
Years to maturity		.19 - .90			.44 - .93

A summary of quantitative information about significant unobservable inputs (Level 3 inputs) used in measuring the Company’s derivative liability that are categorized within Level 3 of the fair value hierarchy at the time of conversion is as follows:

Inputs	June 30, 2022			March 31, 2022
Stock price	$	0.0195		$	0.4112 - 0.43
Conversion price	$	0.0106		$	0.145 - 0.147
Volatility (annual)		145.97	%		183.27% – 470.97	%
Risk-free rate		1.15	%		.05	%
Dividend rate		—			—
Years to maturity		.45			.27 – .89

The development and determination of the unobservable inputs for Level 3 fair value measurements and fair value calculations are the responsibility of the Company’s management.

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NOTE 6 – LOANS PAYABLE

3 Months Ended

Jun. 30, 2022

Note 6 Loans Payable

NOTE 6 – LOANS PAYABLE

NOTE 6 – LOANS PAYABLE

A summary of the Company’s loans payable as of June 30, 2022 is presented below:

Note Holder	Date		Maturity Date	Interest			Balance March 31, 2022		Additions		Repayments		Balance June 30, 2022
Third party		8/24/2020	8/24/2021		0	%		14,165	$	—	$	—	$	14,165
Byron Hampton		8/24/2020	8/24/2021		8	%		9,990		—		—		9,990
Byron Hampton		12/22/2020	12/22/2021		8	%		5,000		—		—		5,000
Byron Hampton		12/30/2020	12/30/2021		8	%		20,000		—		—		20,000
					Total		$	49,155	$	—	$	—	$	49,155

Total accrued interest on the above notes payable as of June 30, 2022 and March 31, 2022 was $4,710 and $3,991, respectively.

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NOTE 7 – COMMON STOCK

3 Months Ended

Jun. 30, 2022

Equity [Abstract]

NOTE 7 – COMMON STOCK

NOTE 7 – COMMON STOCK

During the three months ended June 30, 2022, EROP Enterprises LLC, converted $30,000 and $1,327 of principal and interest, respectively, into 2,944,236 shares of common stock.

Refer to Note 9 for shares issued to related parties.

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NOTE 8 – WARRANTS

3 Months Ended

Jun. 30, 2022

Note 8 Warrants

NOTE 8 – WARRANTS

NOTE 8 – WARRANTS

On October 15, 2020, the Company entered into a service agreement with a third party for a term of six months. Per the terms of the agreement the party was granted 1,000,000 warrants to purchase shares of common stock. The warrant vest on April 15, 2021. The warrants have an exercise price of $0.25 and expire in three years. The aggregate fair value of the warrants totaled $180,000 based on the Black Scholes Merton pricing model using the following estimates: stock price of $0.18, exercise price of $0.25, 1.57% risk free rate, 735.46% volatility and expected life of the warrants of 3 years.

A summary of the status of the Company’s outstanding stock warrants and changes during the year is presented below:

	Number of Warrants		Weighted Average Price		Weighted Average Fair Value		Aggregate Intrinsic Value
Outstanding, March 31, 2022		1,000,000	$	0.25	$	0.18	$	—
Issued		—	$	—	$	—		—
Exercised		—	$	—	$	—		—
Expired		—	$	—	$	—		—
Outstanding, March 31, 2022		1,000,000	$	0.25	$	0.18	$	—
Issued		—	$	—	$	—		—
Exercised		—	$	—	$	—		—
Expired		—	$	—	$	—		—
Exercisable, June 30, 2022		1,000,00	$	0.25	$	0.18	$	—

Range of Exercise Prices		Number Outstanding 6/30/2022		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price
	$0.25		1,000,000		1.29 years		$0.25

The aggregate intrinsic value represents the total pretax intrinsic value, based on warrants with an exercise price less than the Company’s stock price as of June 30, 2022, which would have been received by the warrant holder had the warrant holder exercised their warrants as of that date.

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NOTE 9 – RELATED PARTY TRANSACTIONS

3 Months Ended

Jun. 30, 2022

Related Party Transactions [Abstract]

NOTE 9 – RELATED PARTY TRANSACTIONS

NOTE 9 – RELATED PARTY TRANSACTIONS

During the three months ended June 30, 2022 and 2021, the Company paid Mr. Leonard Lovallo $12,000 and $12,000 for his role as Chief Executive Office and President of the Company.

On January 8, 2022, the Company renewed and extended its contract with its CEO for a term of one year. As a signing bonus, Mr. Lovallo was granted 10,000,000 shares of the Company’s common stock. The shares were valued at $0.036, for total expense of $360,000, which is being amortized over the one-year term.

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NOTE 10 – SUBSEQUENT EVENTS

3 Months Ended

Jun. 30, 2022

Subsequent Events [Abstract]

NOTE 10 – SUBSEQUENT EVENTS

NOTE 10 – SUBSEQUENT EVENTS

In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the financial statements were issued and has determined that it does not have any material subsequent events to disclose in these financial statements other than the following.

On July 12, 2022, EROP Enterprises LLC, converted $25,000 and $1,682 of principal and interest, respectively, into 2,178,231 shares of common stock.

On July 19, 2022, the Company and Byron Hampton entered into an agreement to convert the three outstanding notes due to Mr. Hampton for a total of $39,684, into a single convertible note. The Company issued Mr. Hampton a convertible promissory note for $39,684 on July 19, 2022. The note accrues interest at 8% and matures in one year. The principal and any accrued interest is convertible at any time into shares of common stock at $0.02 per share.

On July 22, 2022, Mr. Hampton, converted the note payable of $39,684 into 1,984,211 shares of common stock.

On August 11, 2022, the Company issued a Non-Convertible Promissory Note for $50,000 to EROP Enterprises, LLC, The Note bears interest at 8% per annum, of which six months is guaranteed, and matures in one year.

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NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

3 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

The Company’s unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”), and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company as of and for the three month period ending June 30, 2022, and not necessarily indicative of the results to be expected for the full year ending March 31, 2023. These unaudited financial statements should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended March 31, 2022.

Use of estimates

Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.

Concentrations of Credit Risk

Concentrations of Credit Risk

We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash.

Cash Equivalents

Cash Equivalents

The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents as of June 30, 2022 and March 31, 2022.

Principles of Consolidation

Principles of Consolidation

The accompanying consolidated financial statements for the three months ended June 30, 2022, include the accounts of the Company and its wholly owned subsidiary, EV Lithium Solutions, Inc. All significant intercompany transactions have been eliminated in consolidation.

Mining Expenses

Mining Expenses

The Company records all mining exploration and evaluation costs as expenses in the period in which they are incurred.

Fair Value of Financial Instruments

Fair Value of Financial Instruments

The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels.  The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:

Level 1:	Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.
Level 2:	Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.
Level 3:	Pricing inputs that are generally unobservable inputs and not corroborated by market data.

The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximates the fair value of such instruments as the notes bear interest rates that are consistent with current market rates.

The following table classifies the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy as of:

June 30, 2022

Description	Level 1		Level 2		Level 3
Derivative	$	—	$	—	$	147,305
Total	$	—	$	—	$	147,305

March 31, 2022

Description	Level 1		Level 2		Level 3
Derivative	$	—	$	—	$	157,507
Total	$	—	$	—	$	157,507

Recent Accounting Pronouncements

Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect.  These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

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NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Description	Level 1		Level 2		Level 3
Derivative	$	—	$	—	$	147,305
Total	$	—	$	—	$	147,305

March 31, 2022

Description	Level 1		Level 2		Level 3
Derivative	$	—	$	—	$	157,507
Total	$	—	$	—	$	157,507

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NOTE 5 – CONVERTIBLE NOTES PAYABLE (Tables)

3 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Convertible Debt [Table Text Block]

Note Holder	Date		Maturity Date	Interest			Balance March 30, 2022			Additions		Conversions			Balance June 30, 2022
EROP Enterprises (1)		9/9/2021	9/9/2022		8	%	$	25,000		$	—	$	—		$	25,000
EROP Enterprises (1)		11/12/2021	11/12/2022		8	%	$	30,000		$	—	$	(30,000	)	$	—
EROP Enterprises (2)		1/12/2022	1/12/2023		8	%	$	77,783		$	—	$	—		$	77,783
EROP Enterprises (2)		1/13/2022	1/13/2023		8	%	$	25,000		$	—	$	—		$	25,000
Thirty 05, LLC (2)		1/25/2022	1/25/2023		8	%	$	5,000		$	—	$	—		$	5,000
EROP Enterprises (3)		3/4/2022	3/4/2023		8	%	$	20,000		$	—	$	—		$	20,000
Thirty 05, LLC (3)		3/7/2022	3/7/2023		8	%	$	2,500		$	—	$	—		$	2,500
Thirty 05, LLC (3)		5/19/2022	5/19/2023		8	%	$	—		$	15,000	$	—		$	15,000
EROP Enterprises (3)		5/24/2022	5/24/2023		8	%		—			20,000		—			20,000
			Total				$	185,283		$	35,000	$	(30,000	)	$	190,283
			Less Discount				$	(129,180	)						$	(99,677	)
			Total				$	56,103							$	90,606

Schedule of Derivative Liabilities at Fair Value [Table Text Block]

Balance at March 31, 2021	$	142,642
Increase to derivative due to new issuances		809,212
Decrease to derivative due to conversion/repayments		(339,324	)
Derivative gain due to mark to market adjustment		(455,023	)
Balance at March 31, 2022		157,507
Increase to derivative due to new issuances		36,647
Decrease to derivative due to conversion/repayments		(32,534	)
Derivative gain due to mark to market adjustment		(14,315	)
Balance at June 30, 2022	$	147,305

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

Inputs	June 30, 2022			March 31, 2022
Stock price	$	0.017		$	0.0255
Conversion price	$	0.0119		$	0.0172
Volatility (annual)		135.20% - 167.98	%		122.88% - 146.18	%
Risk-free rate		2.66 - 1.68			.44 - 1.63
Dividend rate		—			—
Years to maturity		.19 - .90			.44 - .93

A summary of quantitative information about significant unobservable inputs (Level 3 inputs) used in measuring the Company’s derivative liability that are categorized within Level 3 of the fair value hierarchy at the time of conversion is as follows:

Inputs	June 30, 2022			March 31, 2022
Stock price	$	0.0195		$	0.4112 - 0.43
Conversion price	$	0.0106		$	0.145 - 0.147
Volatility (annual)		145.97	%		183.27% – 470.97	%
Risk-free rate		1.15	%		.05	%
Dividend rate		—			—
Years to maturity		.45			.27 – .89

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NOTE 6 – LOANS PAYABLE (Tables)

3 Months Ended

Jun. 30, 2022

Note 6 Loans Payable

Schedule of Debt [Table Text Block]

Note Holder	Date		Maturity Date	Interest			Balance March 31, 2022		Additions		Repayments		Balance June 30, 2022
Third party		8/24/2020	8/24/2021		0	%		14,165	$	—	$	—	$	14,165
Byron Hampton		8/24/2020	8/24/2021		8	%		9,990		—		—		9,990
Byron Hampton		12/22/2020	12/22/2021		8	%		5,000		—		—		5,000
Byron Hampton		12/30/2020	12/30/2021		8	%		20,000		—		—		20,000
					Total		$	49,155	$	—	$	—	$	49,155

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NOTE 8 – WARRANTS (Tables)

3 Months Ended

Jun. 30, 2022

Note 8 Warrants

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

	Number of Warrants		Weighted Average Price		Weighted Average Fair Value		Aggregate Intrinsic Value
Outstanding, March 31, 2022		1,000,000	$	0.25	$	0.18	$	—
Issued		—	$	—	$	—		—
Exercised		—	$	—	$	—		—
Expired		—	$	—	$	—		—
Outstanding, March 31, 2022		1,000,000	$	0.25	$	0.18	$	—
Issued		—	$	—	$	—		—
Exercised		—	$	—	$	—		—
Expired		—	$	—	$	—		—
Exercisable, June 30, 2022		1,000,00	$	0.25	$	0.18	$	—

Range of Exercise Prices		Number Outstanding 6/30/2022		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price
	$0.25		1,000,000		1.29 years		$0.25

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Liabilities measured at fair value on a recurring basis into the fair value hierarchy (Details) - USD ($)	Jun. 30, 2022	Mar. 31, 2022
Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
	147,305	157,507
	$ 147,305	$ 157,507

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NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS (Details Narrative)	11 Months Ended
	Mar. 31, 2022 USD ($)
Accounting Policies [Abstract]
[custom:RoyaltyPercentagePaidLicenseAgreement]	5.00%
[custom:RoyaltyPercentagePaidDecreasedAmountLicenseAgreement]	3.00%
[custom:RoyaltyAmountPaidMaximumAnnualLimitLicenseAgreement]	$ 8,000,000

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NOTE 3 - GOING CONCERN (Details Narrative) - USD ($)	Jun. 30, 2022	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Retained Earnings (Accumulated Deficit)	$ (15,563,473)	$ (15,366,176)

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NOTE 4 – ASSET PURCHASE (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2021	Mar. 31, 2022	Mar. 31, 2021
Note 4 Asset Purchase
[custom:CompanySharesReceivedByCryptosolar]		400,000	2,500,000
[custom:AdditionalSharesToBeIssuedToCryptosolar]			900,000
[custom:NetProfitPercentageToBePaidToCryptoSolar]			20.00%
[custom:MonthlyConsultingFeePaid]	$ 4,000
[custom:SharesIssuedAssetPurchaseAgreementPricePerShare]		$ 0.08	$ 0.18
[custom:NoncashExpenseOfShareIssuances]		$ 32,000	$ 450,000
[custom:NoncashExpenseOfShareIssuancesImpairment]		$ 32,000	$ 450,000

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Convertible notes (Details) - USD ($)	3 Months Ended
	Jun. 30, 2022	Mar. 31, 2022
Short-Term Debt [Line Items]
Ending balance		$ 25,000
Ending balance	$ 90,606	56,103
Convertible Debt B 2 [Member]
Short-Term Debt [Line Items]
[custom:NoteHolder]	EROP Enterprises (1)
Debt Instrument, Issuance Date	Sep. 09, 2021
Debt Instrument, Maturity Date	Sep. 09, 2022
Debt Instrument, Interest Rate During Period	8.00%
Ending balance	$ 25,000
Additions
Conversions
Conversions
Convertible Debt B 3 [Member]
Short-Term Debt [Line Items]
[custom:NoteHolder]	EROP Enterprises (1)
Debt Instrument, Issuance Date	Nov. 12, 2021
Debt Instrument, Maturity Date	Nov. 12, 2022
Debt Instrument, Interest Rate During Period	8.00%
Ending balance		30,000
Additions
Conversions	(30,000)
Conversions	$ 30,000
Convertible Debt B 4 [Member]
Short-Term Debt [Line Items]
[custom:NoteHolder]	EROP Enterprises (2)
Debt Instrument, Issuance Date	Jan. 12, 2022
Debt Instrument, Maturity Date	Jan. 12, 2023
Debt Instrument, Interest Rate During Period	8.00%
Ending balance	$ 77,783	77,783
Additions
Conversions
Conversions
Convertible Debt B 5 [Member]
Short-Term Debt [Line Items]
[custom:NoteHolder]	EROP Enterprises (2)
Debt Instrument, Issuance Date	Jan. 13, 2022
Debt Instrument, Maturity Date	Jan. 13, 2023
Debt Instrument, Interest Rate During Period	8.00%
Ending balance	$ 25,000	25,000
Additions
Conversions
Conversions
Convertible Debt A 7 [Member]
Short-Term Debt [Line Items]
[custom:NoteHolder]	Thirty 05, LLC (2)
Debt Instrument, Issuance Date	Jan. 25, 2022
Debt Instrument, Maturity Date	Jan. 25, 2023
Debt Instrument, Interest Rate During Period	8.00%
Ending balance	$ 5,000	5,000
Additions
Conversions
Conversions
Convertible Debt B 6 [Member]
Short-Term Debt [Line Items]
[custom:NoteHolder]	EROP Enterprises (3)
Debt Instrument, Issuance Date	Mar. 04, 2022
Debt Instrument, Maturity Date	Mar. 04, 2023
Debt Instrument, Interest Rate During Period	8.00%
Ending balance	$ 20,000	20,000
Additions
Conversions
Conversions
Convertible Debt A 8 [Member]
Short-Term Debt [Line Items]
[custom:NoteHolder]	Thirty 05, LLC (3)
Debt Instrument, Issuance Date	Mar. 07, 2022
Debt Instrument, Maturity Date	Mar. 07, 2023
Debt Instrument, Interest Rate During Period	8.00%
Ending balance	$ 2,500	2,500
Additions
Conversions
Conversions
Convertible Debt A 9 [Member]
Short-Term Debt [Line Items]
[custom:NoteHolder]	Thirty 05, LLC (3)
Debt Instrument, Issuance Date	May 19, 2022
Debt Instrument, Maturity Date	May 19, 2023
Debt Instrument, Interest Rate During Period	8.00%
Ending balance	$ 15,000
Additions	15,000
Conversions
Conversions
Convertible Debt B 7 [Member]
Short-Term Debt [Line Items]
[custom:NoteHolder]	EROP Enterprises (3)
Debt Instrument, Issuance Date	May 24, 2022
Debt Instrument, Maturity Date	May 24, 2023
Debt Instrument, Interest Rate During Period	8.00%
Ending balance	$ 20,000
Additions	20,000
Conversions
Conversions
Convertible Debt Totals [Member]
Short-Term Debt [Line Items]
Ending balance	190,283	185,283
Additions	35,000
Conversions	(30,000)
Conversions	30,000
Ending balance	(99,677)	(129,180)
Ending balance	$ 90,606	$ 56,103

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Summary of the activity of the derivative liability for the notes (Details) - USD ($)	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Short-Term Debt [Line Items]
Balance at March 31, 2021	$ 157,507
Balance at June 30, 2022	147,305
Derivative Liabilities [Member]
Short-Term Debt [Line Items]
Increase to derivative due to new issuances	36,647	$ 809,212
Decrease to derivative due to conversion/repayments	(32,534)	(339,324)
Derivative gain due to mark to market adjustment	(14,315)	(455,023)
Balance at June 30, 2022	$ 147,305	$ 157,507

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Assumptions used in measuring fair value of derivative liability (Details) - $ / shares	3 Months Ended	12 Months Ended
	Jun. 30, 2022	Mar. 31, 2022
Short-Term Debt [Line Items]
Share Price	$ 0.017	$ 0.0255
[custom:ConversionPriceMaximum]	$ 0.0119	$ 0.0172
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum	135.20%	122.88%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum	167.98%	146.18%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum	2.66%	0.44%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum	1.68%	1.63%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term	2 months 8 days	5 months 8 days
[custom:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm2]	10 months 24 days	11 months 4 days
Debt Conversion [Member]
Short-Term Debt [Line Items]
Share Price	$ 0.0195	$ 0.43
[custom:ConversionPriceMaximum]	$ 0.0106	$ 0.147
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum		183.27%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum	145.97%	470.97%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum	1.15%	0.05%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term	5 months 12 days	3 months 7 days
[custom:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm2]		10 months 20 days
[custom:SharePriceMinimum-0]		$ 0.4112
[custom:ConversionPriceMinimum]		$ 0.145

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NOTE 5 – CONVERTIBLE NOTES PAYABLE (Details Narrative) - USD ($)	Jun. 30, 2022	Mar. 31, 2022
Short-Term Debt [Line Items]
Accrued Liabilities, Current	$ 4,710	$ 3,991
Convertible Notes Payable [Member]
Short-Term Debt [Line Items]
Accrued Liabilities, Current	$ 6,518	$ 4,780

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Summary of loans payable (Details) - USD ($)	1 Months Ended	3 Months Ended
	Jul. 31, 2022	Jun. 30, 2022	Mar. 31, 2022
Short-Term Debt [Line Items]
Ending balance			$ 25,000
Loans Payable A 1 [Member]
Short-Term Debt [Line Items]
[custom:NoteHolder]		Third party
Debt Instrument, Issuance Date		Aug. 24, 2020
Debt Instrument, Maturity Date		Aug. 24, 2021
Debt Instrument, Interest Rate During Period		0.00%
Ending balance		$ 14,165	14,165
Additions
Repayments
Repayments
Loans Payable B 1 [Member]
Short-Term Debt [Line Items]
[custom:NoteHolder]		Byron Hampton
Debt Instrument, Issuance Date		Aug. 24, 2020
Debt Instrument, Maturity Date		Aug. 24, 2021
Debt Instrument, Interest Rate During Period	8.00%	8.00%
Ending balance		$ 9,990	9,990
Additions
Repayments
Repayments
Loans Payable B 2 [Member]
Short-Term Debt [Line Items]
[custom:NoteHolder]		Byron Hampton
Debt Instrument, Issuance Date		Dec. 22, 2020
Debt Instrument, Maturity Date		Dec. 22, 2021
Debt Instrument, Interest Rate During Period		8.00%
Ending balance		$ 5,000	5,000
Additions
Repayments
Repayments
Loans Payable B 3 [Member]
Short-Term Debt [Line Items]
[custom:NoteHolder]		Byron Hampton
Debt Instrument, Issuance Date		Dec. 30, 2020
Debt Instrument, Maturity Date		Dec. 30, 2021
Debt Instrument, Interest Rate During Period		8.00%
Ending balance		$ 20,000	20,000
Additions
Repayments
Repayments
Loans Payable Totals [Member]
Short-Term Debt [Line Items]
Ending balance		49,155	$ 49,155
Additions
Repayments
Repayments

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NOTE 6 – LOANS PAYABLE (Details Narrative) - USD ($)	Jun. 30, 2022	Mar. 31, 2022
Note 6 Loans Payable
Accrued Liabilities, Current	$ 4,710	$ 3,991

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NOTE 7 – COMMON STOCK (Details Narrative) - Common Stock 10 [Member] - USD ($)	1 Months Ended	3 Months Ended
	Jul. 31, 2022	Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
[custom:StockIssuedDuringPeriodValueConversionOfDebtPrincipal]	$ 25,000	$ 30,000
[custom:StockIssuedDuringPeriodValueConversionOfDebtInterest]	$ 1,682	$ 1,327
[custom:StockIssuedDuringPeriodSharesConversionOfDebt]	2,178,231	2,944,236

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Summary of the status of outstanding stock warrants and changes (Details) - USD ($)	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Class of Warrant or Right [Line Items]
Weighted average price, outstanding at end of period	$ 0.25
Stock Warrant [Member]
Class of Warrant or Right [Line Items]
Number of warrants, outstanding at beginning of period		1,000,000
Weighted average price, outstanding at beginning of period		$ 0.25
Weighted average fair value, outstanding at beginning of period		$ 0.18
Aggregate intrinsic value, outstanding at beginning of period
Number of warrants, outstanding at beginning of period
Weighted average price, outstanding at beginning of period
Weighted average fair value, outstanding at beginning of period
Number of warrants, outstanding at beginning of period
Weighted average price, outstanding at beginning of period
Weighted average fair value, outstanding at beginning of period
Number of warrants, outstanding at beginning of period
Weighted average price, outstanding at beginning of period
Weighted average fair value, outstanding at beginning of period
Number of warrants, outstanding at end of period	1,000,000	1,000,000
Weighted average price, outstanding at end of period	$ 0.25	$ 0.25
Weighted average fair value, outstanding at beginning of period		$ 0.18
Aggregate intrinsic value, outstanding at beginning of period
Number of warrants, outstanding at beginning of period	1,000.00
Weighted average price, outstanding at beginning of period	$ 0.25
Weighted average fair value, outstanding at beginning of period	$ 0.18
Aggregate intrinsic value, outstanding at beginning of period
Range of exercise prices	$ 0.25
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms	1 year 3 months 14 days

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NOTE 8 – WARRANTS (Details Narrative) - USD ($)	3 Months Ended
	Jun. 30, 2022	Apr. 15, 2021
Note 8 Warrants
Class of Warrant or Right, Outstanding		1,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.25
[custom:AggregateFairValueOfWarrants]	$ 180,000
[custom:WarrantsEstimatesUsedStockPrice-0]	$ 0.18
[custom:WarrantsEstimatesUsedExercisePrice]	$ 0.25
[custom:WarrantsEstimatesUsedRiskFreeRate]	1.57%
[custom:WarrantsEstimatesUsedVolatility]	735.46%
[custom:WarrantsEstimatesUsedExpectedLife]	3 years

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NOTE 9 – RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022
Related Party Transactions [Abstract]
Salary and Wage, Officer, Excluding Cost of Good and Service Sold	$ 12,000	$ 12,000
[custom:StockIssuedDuringPeriodSharesRelatedParties2]			10,000,000
[custom:StockIssuedDuringPeriodPricePerShareRelatedParties2]			$ 0.036
[custom:StockIssuedRelatedPartyNonCashStockCompensationExpense2]			$ 360,000

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NOTE 10 – SUBSEQUENT EVENTS (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended
	Jul. 31, 2022	Jun. 30, 2022	Aug. 11, 2022	Jul. 19, 2022
Loans Payable B 1 [Member]
[custom:StockIssuedDuringPeriodValueConversionOfDebtPrincipal]	$ 39,684
[custom:StockIssuedDuringPeriodSharesConversionOfDebt]	1,984,211
[custom:ConversionOfOutstandingNotesIntoConvertibleNoteAmount]	$ 39,684
[custom:ConvertiblePromissoryNoteIssued-0]				$ 39,684
Debt Instrument, Interest Rate During Period	8.00%	8.00%
Debt Instrument, Convertible, Conversion Price				$ 0.02
Common Stock 10 [Member]
[custom:StockIssuedDuringPeriodValueConversionOfDebtPrincipal]	$ 25,000	$ 30,000
[custom:StockIssuedDuringPeriodValueConversionOfDebtInterest]	$ 1,682	$ 1,327
[custom:StockIssuedDuringPeriodSharesConversionOfDebt]	2,178,231	2,944,236
[custom:NonConvertiblePromissoryNoteIssued-0]			$ 50,000
Debt Instrument, Interest Rate, Stated Percentage			8.00%