FEDERAL INCOME TAX (Tables)

12 Months Ended

Mar. 31, 2021

FEDERAL INCOME TAX

Summary of Federal income tax

	March 31, 2021		March 31, 2020
Federal tax statutory rate		21%		21%
Temporary differences		-12%		-8%
Changes in estimates		0%		0%
Valuation allowance		-9%		-13%
Effective rate		0%		0%

Summary of deferred tax assets and liabilities

	March 31, 2021
Deferred tax assets (liabilities):
Net loss	$	(1,851,372	)
Temporary differences
Bad debt expense		7,169
Impairment		91,200
Stock-based compensation		83,990
Change in derivative valuation		779,374
Financing costs		89,762
Valuation allowance		799,877
Net deferred tax assets	$	-

Summary of deferred income tax

	March 31, 2021			March 31, 2020
Loss carryforwards	$	1,798,000		$	1,630,000
Less - valuation allowance		(1,798,000	)		(1,630,000	)
Total net deferred tax assets	$	-		$	-