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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2020
Mar. 31, 2019
Current assets    
Cash $ 67,153 $ 90,883
Accounts receivable, net of allowance 7,169 24,184
Prepaid expenses 34,862 0
Inventory 15,536 213,957
Total current assets 124,720 329,024
Non-current assets    
Property and equipment, net of depreciation 21,132 27,451
Intangible assets, net of amortization 307 768
Right of use asset (Note 11) 91,200 0
Total non-current assets 112,639 28,219
Total assets 237,359 357,243
Current liabilities    
Accounts payable 109,243 66,689
Accrued interest payable 71,318 30,337
Lease liability, current portion (Note 11) 45,600 0
Notes payable 299,000 609,000
Convertible debt, net of discount 275,941 347,473
Derivative liability 1,574,097 1,034,939
Total current liabilities 2,375,199 2,088,438
Lease liability, non-current (Note 11) 45,600 0
Total liabilities 2,420,799 2,088,438
Commitments and contingencies (Note 11) 0 0
Stockholders' deficit    
Series A Preferred stock; 10,000,000 shares authorized of $.001 par value; 5,000,000 and 5,000,000 shares issued March 31, 2020 and 2019, respectively 5,000 5,000
Common stock; par value $.001; 12,000,000,000 and 500,000,000 shares authorized 999,515,530 and 73,652,594 shares issued March 31, 2020 and 2019, respectively 999,516 73,653
Additional paid-in capital 10,382,366 8,295,767
Common stock payable 66,820 56,050
Accumulated deficit (13,661,579) (10,186,102)
Total Right On Brands stockholders' deficit (2,207,877) (1,755,632)
Noncontrolling interest 24,437 24,437
Total stockholders' deficit (2,183,440) (1,731,195)
Total liabilities and stockholders' deficit $ 237,359 $ 357,243