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Subsequent events
6 Months Ended
Sep. 30, 2018
Subsequent Events [Abstract]  
Subsequent events

Note 8- Subsequent events

 

Conversion of Debt:

 

In December 2018, in a private Transaction the holder of the $81,145 debt sold these notes to an unrelated investor who subsequently converted the outstanding principal debt to common stock, thereby acquiring control of the company.

 

Effective December 4, 2018, the Company issued 8,753,506 shares of its common stock (“Shares”) upon the exercise of conversion rights under outstanding convertible promissory notes (“Notes”). The conversion price for the shares was $0.00927 per share and the aggregate principal amount converted under the Notes was $81,145 As a result of the conversion, the Notes were paid in full and are no longer outstanding obligations of the Company. The Company realized a gain in the amount of $26,379 on the extinguishment/conversion of this debt.

 

The Shares were issued in compliance with the exemptions from the registration requirements of the Securities Act of 1933, as amended, provided by Section 4(a)(2) and Regulation S for transactions not involving a public offering and for offers and sales outside the United States.