10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q/A

(Mark One)
[√]	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the quarterly period ended April 30, 2019
[ ]	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: 333-222978

OBITX, Inc.

(Exact name of registrant as specified in its charter)

Delaware (State or other jurisdiction of incorporation or organization)	82-1091922 (I.R.S. Employer Identification No.)
4720 Salisbury Road Jacksonville, FL (Address of principal executive offices)	32256 (Zip Code)
Registrant’s telephone number, including area code	(570) 778-6459

________________________________
(Former name and address, if changed since last report)

Indicate by check mark whether the registrant (1) has 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 and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [√] No [ ]

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

Large accelerated filer	[  ]	Accelerated filer	[  ]
Non-accelerated filer (Do not check if smaller reporting company)	[  ]	Smaller reporting company	[√]

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

As of April 30, 2019, the Company had 5,460,000 shares of common stock, $0.0001 par value outstanding.

Transitional Small Business Disclosure Format Yes [  ] No [√]

1

EXPLANATORY NOTE – AMENDMENT

OBITX, Inc. (the “Company”) is filing this Amendment #1 on Form 10-Q/A (the Amendment”) to the Company’s quarter report on Form 10-Q for the period ended April 30, 2019 (the “Form 10-Q”), filed with the Securities and Exchange Commission on  June 18, 2019 (the “Original Filing Date”), is solely for the purpose of furnishing Exhibit 101 – Interactive Data File (XBRL Exhibit) required by Rule 405 of Regulation S-T, which was not included with the Original Filing.

No other changes have been made to the Form 10-Q. This Amendment speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date and does not modify or update in any way disclosures made in the original Form 10-Q.

Item 6. Exhibits

31.1	Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1 *	Certification of Principal Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2 *	Certification of Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

 * Furnished herewith. 

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	OBITX, Inc.
Dated:  April 24, 2020		/s/ Mike Hawkins
	By:	Mike Hawkins
	Its:	Chief Executive Officer, Chief Financial Officer (Principal Executive Officer) (Principal Financial Officer)

3

EX-31.1

Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer

I, Mike Hawkins, certify that:

1. I have reviewed this Amended Quarterly Report on Form 10-Q/A of OBITX, Inc. ;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Dated: April 24, 2020
		/s/ Mike Hawkins
	By:	Mike Hawkins
	Its:	Chief Executive Officer (Principal Executive Officer)

EX-31.2

Rule 13a-14(a)/15d-14(a) Certification of Principal Financial Officer

I, Mike Hawkins, certify that:

1. I have reviewed this Amended Quarterly Report on Form 10-Q/A of OBITX, Inc. ;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Dated: April 24, 2020
		/s/ Mike Hawkins
	By:	Mike Hawkins
	Its:	Chief Financial Officer (Principal Financial Officer)

EX-32.1

CERTIFICATION PURSUANT TO 18 USC SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Amended Quarterly Report on Form 10-Q/A for the quarter ended April 30, 2019 of OBITX, Inc. (the “Company”), as filed with the Securities and Exchange Commission on or about the date hereof (the “Report”), I, Mike Hawkins, President 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 Sections 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)        Information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. 

Dated: April 24, 2020
		/s/ Mike Hawkins
	By:	Mike Hawkins
	Its:	Chief Executive Officer (Principal Executive Officer)

This certification accompanies this report on Form 10-Q pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by such Act, be deemed filed by the Company for purpose of Section 18 of the Securities Exchange Act of 1934, as amended.

EX-32.2

CERTIFICATION PURSUANT TO 18 USC SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Amended Quarterly Report on Form 10-Q/A for the quarter ended April 30, 2019 of OBITX, Inc. (the “Company”), as filed with the Securities and Exchange Commission on or about the date hereof (the “Report”), I, Mike Hawkins, Chief Financial 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 Sections 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)        Information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. 

Dated: April 24, 2020
		/s/ Mike Hawkins
	By:	Mike Hawkins
	Its:	Chief Financial Officer (Principal Financial Officer)

This certification accompanies this report on Form 10-Q pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by such Act, be deemed filed by the Company for purpose of Section 18 of the Securities Exchange Act of 1934, as amended.

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Summary of Significant Accounting Policies

3 Months Ended

Apr. 30, 2019

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Principles of Consolidation

The consolidated financial statements include the accounts of the Company, the wholly owned subsidiaries of HAUTE, CAMP, and altCUBE. 

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and disclosures of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. The most significant estimates include: revenue recognition; sales returns and other allowances; allowance for doubtful accounts; valuation of inventory; valuation and recoverability of long-lived assets; property and equipment; contingencies; and income taxes.

On a regular basis, management reviews its estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such reviews, and if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates.

Revenue Recognition Policies

We intend to earn revenue from the subscription, non-software related hosted services, term-based and perpetual licensing of software products, associated software maintenance and support plans, consulting services, training, and technical support.

On February 1, 2018, we adopted Topic 606, using the modified retrospective transition method applied to those contracts which were not completed as of February 1, 2018. Results for reporting periods beginning after February 1, 2018 are presented under Topic 606, while prior period amounts have not been adjusted and continue to be reported in accordance with our historic accounting. The impact of adopting the new revenue standard was not material to our financial statements and there was no adjustment to beginning retained earnings on February 1, 2018.

Under Topic 606, revenue is recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services.

We determine revenue recognition through the following steps:

·         identification of the contract, or contracts, with a customer;

·         identification of the performance obligations in the contract;

·         determination of the transaction price;

·         allocation of the transaction price to the performance obligations in the contract; and

·         recognition of revenue when, or as, we satisfy a performance obligation.

Research and Development

Research and Development Expenditure on research activities, undertaken with the prospect of gaining new scientific or technical knowledge and understanding, is recognized in profit or loss as an expense as incurred.

Expenditure on development activities, whereby research findings are applied to a plan or design for the production of new or substantially improved products and processes, is capitalized only if the product or process is technically and commercially feasible, if development costs can be measured reliably, if future economic benefits are probable, if the Company intends to use or sell the asset and the Company intends and has sufficient resources to complete development. The Company has recognized $0 as a capital asset for the 3 months ended April 30, 2019 and $0 for the three months ended April 30, 2018.

Concentration of Credit Risk and Significant Customers

Financial instruments which potentially subject the Company to a concentration of credit risk consist principally of temporary cash investments and accounts receivable. The Company places its temporary cash investments with financial institutions insured by the FDIC. 

Concentrations of credit risk with respect to trade receivables and commodities are limited due to the diverse group of customers to whom the Company provides services to. The Company establishes an allowance for doubtful accounts when events and circumstances regarding the collectability of its receivables or the selling of its commodities warrant based upon factors such as the credit risk of specific customers, historical trends, other information and past bad debt history. The outstanding balances are stated net of an allowance for doubtful accounts.

Our cash balances are maintained in accounts held by major banks and financial institutions located in the United States. The Company may occasionally maintain amounts on deposit with a financial institution that are in excess of the federally insured limit of $250,000. The risk is managed by maintaining all deposits in high-quality financial institutions. The Company had $0 in excess of federally insured limits on April 30, 2019, and April 30, 2018.

For the three month period ended April 30, 2019 there were no sales. During the period ending April 30, 2019 it was decided to write off the remaining $4,500 as it was also greater than 1 year outstanding. There were $0 for the three month period ended April 30, 2019 and $1,423,196 for the three month period ended April 30, 2018. During the last quarter for the year ended January 31, 2019 the accounts receivable of $1,250,000 for Render payment was written off as bad debt to take a conservative approach on the balance sheet as the amount of time of non-payment was quite substantial and greater than 1 year.

Cost of Goods Sold

The Company recognizes the direct cost of purchasing product for sale, including freight-in and packaging, as cost of goods sold in the accompanying statement of operations.

Cost of Revenue

Cost of revenue includes: manufacturing and distribution costs for products sold and programs licensed; operating costs related to product support service centers and product distribution centers; costs incurred to include software on PCs sold by OEMs, to drive traffic to our websites and products, and to acquire online advertising space; costs incurred to support and maintain Internet-based products and services, including data center costs and royalties; warranty costs; inventory valuation adjustments; costs associated with the delivery of consulting services; and the amortization of capitalized software development costs. Capitalized software development costs are amortized over the estimated lives of the products.

Cash and Cash Equivalents

The Company includes in cash and cash equivalents all short-term, highly liquid investments that mature within three months of the date of purchase. Cash equivalents consist principally of investments in interest-bearing demand deposit accounts and liquidity funds with financial institutions and are stated at cost, which approximates fair value. For cash management purposes, the company concentrates its cash holdings in an account at Bank of America. The Company had no cash equivalents as of April 30, 2019, or April 30, 2018.

Property, Plant, and Equipment

Property, plant, and equipment (“PPE”) are stated at cost less accumulated depreciation and amortization.  Expenditures for maintenance and repairs are charged to expense as incurred.  Additions, improvements and major replacements that extend the life of the asset are capitalized.

Depreciation and amortization are recorded using the straight-line method over the estimated useful lives of depreciable assets, which are generally three to five periods.

The Company classifies its software under the Financial Accounting Standards Advisory Board (FASAB) Statement of Federal Financial Accounting Standards (SFFAS) No. 10, Accounting for Internal Use Software, and the Governmental Accounting Standards Board (GASB) Statement No. 42, Accounting of Costs of Computer Software Developed or Obtained for Internal Use. When software is used in providing goods and services it is classified as PPE.  The Company considers its proprietary software as a major part of the Company’s operations that are intended to provide profits.

Accounts Receivable

The Company's accounts receivable are trade accounts receivable. The Company recognized $1,250,000 as an uncollectable reserve for the three month period ending April 30, 2019 and $0 for the three month period ending April 30, 2018.

Advertising Costs and Expense

The advertising costs are expensed as incurred. Advertising costs were $0 for the three month period ending April 30, 2019 and $1,750 for the three month period ending April 30, 2018. 

Foreign Currency Translation

The Company’s functional currency and its reporting currency is the United States Dollar.

Income Taxes

In accordance with SAB Topic 1: Financial Statements, Subsidiary's or Division's Separate Financial Statements and Segments, income taxes are consolidated with MCIG, the controlling entity of the Company. There are currently no tax implications should the Company not consolidate with MCIG. With only losses showing for the periods shown there would be no taxes payable for any periods presented. If there were tax expenses they would be based on the IRS published corporate tax rate of 21% for 2018 and 2019.

Basic and Diluted Net Earnings (Loss) Per Share

The Company follows ASC Topic 260 – Earnings Per Share, and FASB 2015-06, Earnings Per Share to account for earnings per share.  Basic earnings per share (“EPS”) calculations are determined by dividing net loss by the weighted average number of shares of common stock outstanding during the period.  Diluted earnings per share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding.  During periods when common stock equivalents, if any, are anti-dilutive they are not considered in the computation. 

Commitments and Contingencies

The Company reports and accounts for its commitments and contingencies in accordance with ASC 440 - Commitments and ASC 450 - Contingencies. We recognize a loss on a contingency when it is probable a loss will incur and that the amount of the loss can be reasonably estimated. The Company recognized $0 as a loss on contingencies in the three month periods ending April 30, 2019 and April 30, 2018.

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Consolidated Balance Sheets (Parenthetical) - $ / shares	Apr. 30, 2019	Jan. 31, 2019
Statement of Financial Position [Abstract]
Series A Preferred stock, par value	$ 0.0001	$ 0.0001
Series A Preferred stock, shares authorized	1,000,000	1,000,000
Series A Preferred stock, shares issued	100,000	100,000
Series A Preferred stock, shares outstanding	100,000	100,000
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	5,460,000	5,460,000
Common stock, shares outstanding	5,460,000	5,460,000

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Warrants

3 Months Ended

Apr. 30, 2019

Notes to Financial Statements

Warrants

On November 1, 2017 the Company issued 7 warrants to officers, directors, and investors for the purchase of up to 3,000,000 shares of common stock at $1.00 per share. The warrants expire on November 1, 2022 at 5:00 PM Eastern Standard Time. The warrants contain participation rights to any registration statement filed by the Company. The Holder shall not be entitled to exercise their Warrant when the number of shares exercised by the Warrant Holder would cause the Holder to exceed 4.99% of the total outstanding common stock.

A summary of warrant activity for three months ended April 30, 2019 is as follows:

			Weighted
			Average
			Conversion
	Shares		Price
Warrants outstanding at April 30, 2018		3,000,000	$	1.00
Exercised		-	$	-
Granted		3,000,000	$	1.00
Warrants outstanding at April 30, 2019		3,000,000	$	1.00

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Related Party Transactions

3 Months Ended

Apr. 30, 2019

Related Party Transactions [Abstract]

Related Party Transactions

On November 1, 2017, the Company entered into a consulting agreement with Alex Mardikian, the Chief Executive Officer. The agreements call for $7,000 per month. This agreement is at will and subject to being terminated at the discretion of Company at any time, upon thirty (30) days prior written notice to Consultant. In addition, this Agreement may be terminated by Consultant upon thirty (30) days prior written notice to Company. The payments may be booked as a note due, which may be converted into shares of the company at a then-current price per share. The Company and consultant may elect to convert a portion of this into equity of the company.

On November 1, 2017, the Company entered into a consulting agreement with Brandy Craig, the Chief Financial Officer. The agreements call for $3,500 per month. This agreement is at will and subject to being terminated at the discretion of Company at any time, upon thirty (30) days prior written notice to Consultant. In addition, this Agreement may be terminated by Consultant upon thirty (30) days prior written notice to Company. The payments may be booked as a note due, which may be converted into shares of the company at a then-current price per share. The Company and consultant may elect to convert a portion of this into equity of the company.

On November 1, 2017, the Company entered into a consulting agreement with Paul Rosenberg, the Director. The agreements call for $3,500 per month. This agreement is at will and subject to being terminated at the discretion of Company at any time, upon thirty (30) days prior written notice to Consultant. In addition, this Agreement may be terminated by Consultant upon thirty (30) days prior written notice to Company. The payments may be booked as a note due, which may be converted into shares of the company at a then-current price per share. The Company and consultant may elect to convert a portion of this into equity of the company.

On November 1, 2017, the Company entered into a consulting agreement with the Law Offices of Carl G. Hawkins to serve as corporate counsel. The agreement calls for a one-time payment of $5,000 plus $150 per hour for legal services. This agreement is at will and subject to being terminated at the discretion of Company at any time, upon thirty (30) days prior written notice to Consultant. The payments may be booked as a note due, which may be converted into shares of the company at a then-current price per share. The Company and counsel may elect to convert a portion of this into equity of the company. 

The Company entered a Line of Credit with MCIG, for up to $500,000 in funding on November 1, 2016.  The Line of Credit will terminate on April 30, 2019.  It was given at a 0% interest rate and is payable upon termination date with the option to convert the agreement into equity at a 15% discount to the then current market rate. Since inception, the Company had various transactions in which MCIG paid expenses on behalf of the Company. As of April 30, 2018, the Company borrowed $3,635,253.42 from MCIG. $3,043,285 of which represents the 420 Cloud Software Network that was exchanged for 100,000 shares of Series A Preferred Stock and 500,000 shares of OBITX common stock on November 1, 2017. As of April 30, 2019, the amount outstanding on the Line of Credit with MCIG is $629,358.57. The Line of Credit was increased to $1,000,000 on January 1, 2018.

On June 14, 2018 the Company entered a Line of Credit with APO Holdings, LLC for up to $100,000 at any one time.  The Line of Credit may be cancelled at any time by either party providing 30 days written notice of cancellation.  It was given at a 0.6% interest rate and may be paid at any time with no definitive payoff date. As of April 30, 2019 the current outstanding on the line of credit is $77,400 principal and $3.53 interest. 

On June 30, 2018 OBITX provided services to their subsidiary altCUBE in the amount of $25,167. This amount was made up of General Administrative expenses of $1,250, Website Design of $16,009, Marketing Expense $7,168, and Website Maintenance of $740. In January 2019 altCUBE was written off as discontinued operations.

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Basic Income per Share before Non-Controlling Interest (Tables)

3 Months Ended

Apr. 30, 2019

Basic Income Per Share Before Non-controlling Interest

Schedule of Basic Income Per Share

Basic Income Per share
For the 3 months Ended April 30,
	2019	2018
Net income	(181,670)	(191,960)
Basic income  per share	(0.03)	(0.17)
Basic weighted average number of shares outstanding	5,560,000	1,118,082

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Stockholders Equity (Details Narrative) - $ / shares	Apr. 30, 2019	Jan. 31, 2019
Equity [Abstract]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	5,460,000	5,460,000
Common stock, shares outstanding	5,460,000	5,460,000
Series A Preferred stock, par value	$ 0.0001	$ 0.0001
Series A Preferred stock, shares authorized	1,000,000	1,000,000
Series A Preferred stock, shares issued	100,000	100,000
Series A Preferred stock, shares outstanding	100,000	100,000

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Property, Plant and Equipment - Schedule of Property, Plant and Equipment (Details) - USD ($)	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Property, Plant and Equipment [Abstract]
Software	$ 3,129,411	$ 3,127,251
Intangibles	7,753
Machinery & Equipment		299,970
Total acquisition cost	3,137,164	3,427,221
Accumulated depreciation	808,069	320,954
Total Property and Equipment	$ 2,329,095	$ 3,106,267

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Basic Income per Share before Non-Controlling Interest - Schedule of Basic Income Per Share (Details) - USD ($)	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Earnings Per Share [Abstract]
Net (Loss)	$ (181,670)	$ (191,960)
Income(Loss) per share	$ (0.03)	$ (0.17)
Weighted average shares outstanding	5,560,000	1,118,082

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Property, Plant and Equipment (Details Narrative) - USD ($)	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Property, Plant and Equipment [Abstract]
Depreciation and amortization	$ 121,805	$ 121,499

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Organization and Basis of Presentation

3 Months Ended

Apr. 30, 2019

Accounting Policies [Abstract]

Organization and Basis of Presentation

The accompanying audited financial statements of OBITX, Inc., (the “Company”, “we”, “our”), have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”).

Basis of Presentation

The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries and have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). All significant intercompany accounts and transactions have been eliminated.

The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Haute Jobs, LLC, (“HAUTE”), Campaign Pigeon, LLC, (“CAMP”), and altCUBE, Inc., (“altCUBE”).

Description of Business

The Company was incorporated in the State of Delaware on March 30, 2017 originally under the name GigeTech, Inc. On October 31, 2017 the Company changed its name to OBITX, Inc., and updated its Articles of Incorporation through unanimous consent of its shareholder, MCIG.  The Company is headquartered in Jacksonville, Florida.

The Company’s primary NAICS CODE is 519130, Internet publishing and broadcasting and web search portals.  We publish and generate textual, audio, and/or video content on the Internet, and operate web sites that use a search engine to generate and maintain extensive databases of internet addresses and content.

The Company earns revenue through social media advertising, fees, and services. Under its plan, the Company developed its white label software solution for MCIG under the 420 Cloud brand in support of the cannabis industry.  The company has expanded its services and solutions in software development and internet advertising and promotion into the social media industries of entertainment, business administration, blockchain technologies, and social media.¹

Subsidiaries of the Company

The company currently operates, in addition to OBITX, Inc., three wholly owned subsidiaries which are consolidated:

Haute Jobs, LLC

We incorporated on May 10, 2018 in the state of Wyoming. Haute Jobs, LLC was created to provide services in the arena of job marketing and matching services, to perform an as an employment center.

Campaign Pigeon, LLC

We incorporated on May 10, 2018 in the state of Wyoming. Campaign Pigeon, LLC was created to provide services in the arena of online marketing and generating advertising.

altCUBE, Inc

We incorporated on June 4, 2018 in the state of Wyoming. altCUBE, Inc was created to provide services in the arena of promoting individual advertising solutions and enabling access to the financial crypto global market, providing modern, efficient, clean and intuitive user interface. This company has discontinued operations and is only being included for prior year financial comparison.

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Consolidated Balance Sheets - USD ($)	Apr. 30, 2019	Jan. 31, 2019
Current Assets
Cash and cash equivalents
Accounts receivable, net		4,500
Assets held for Sale	408,166	408,166
Prepaid expenses	100	149
Total current assets	408,266	412,815
Property, plant and equipment, net	2,324,163	2,445,322
Intangible assets, net	4,930	5,576
Total assets	2,737,358	2,863,713
Current liabilities
Accounts payable and accrued expenses	187,935	143,702
Due to Related Party	718,762	707,680
Total current liabilities	906,697	851,382
Total Liabilities	906,697	851,382
Stockholders equity
Series A Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 100,000 shares issued and outstanding, as of April 30, 2019 and January 31, 2019, respectively.	10	10
Common stock, $0.0001 par value, voting; 200,000,000 shares authorized; 5,460,000 shares issued and outstanding, as of April 30, 2019 and January 31, 2019, respectively.	546	546
Additional paid in capital	3,442,825	3,442,825
Accumulated deficit	(1,612,720)	(1,431,050)
Total stockholders' equity	1,830,661	2,012,331
Total liabilities and stockholders' equity	$ 2,737,358	$ 2,863,713

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Warrants (Tables)

3 Months Ended

Apr. 30, 2019

Notes to Financial Statements

Schedule of Warrants

			Weighted
			Average
			Conversion
	Shares		Price
Warrants outstanding at April 30, 2018		3,000,000	$	1.00
Exercised		-	$	-
Granted		3,000,000	$	1.00
Warrants outstanding at April 30, 2019		3,000,000	$	1.00

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Subsequent Events

3 Months Ended

Apr. 30, 2019

Subsequent Events [Abstract]

Subsequent Events

On June 3, 2019 OBITX sold all of the Crypto ATM's for their fair value of $408,166.

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Commitments and Contingencies

3 Months Ended

Apr. 30, 2019

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

The Company entered into a commitment for its corporate offices on January 4, 2019. The commitment is for a period of twelve (12) months at the rate of $69 per month. The Company may utilize additional space on an as needed basis at an hourly or daily rate.

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Commitments and Contingencies (Details Narrative)	3 Months Ended
	Apr. 30, 2019 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Date of Agreement	Jan. 04, 2019
Monthly rent	$ 69

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Summary of Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Jan. 31, 2019
Accounting Policies [Abstract]
Accounts receivable, net			$ 4,500
Bad Debt Expense	4,500
Cash equivalents
Uncollected reserve	1,250,000	0
Marketing & advertising		$ 1,750
Effective Income Tax Rate, Federal	21.00%	21.00%
Loss on contingencies	$ 0	$ 0
FCID Limit, excess	$ 0		$ 0

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Warrants (Details Narrative) - $ / shares

3 Months Ended

Apr. 30, 2019

Apr. 30, 2018

Warrants Issued

Warrant Issuance #1

Date of Issuance

Nov. 01, 2017

Warrants Issued

3,000,000

Exercise price

$ 1.00

Warrant Term

5 years

Warrant Description

The Holder shall not be entitled to exercise their Warrant when the number of shares exercised by the Warrant Holder would cause the Holder to exceed 4.99% of the total outstanding common stock.

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Going Concern

3 Months Ended

Apr. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Going Concern

The Company's financial statements are prepared using generally accepted accounting principles, which contemplate the realization of assets and liquidation of liabilities in the normal course of business. Because the business is new and has a limited history, no certainty of continuation can be stated. The accompanying financial statements for the period ended April 30, 2019, has been prepared to assume that we will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business.

The Company has negative cash flow and there are no assurances the Company will generate a profit or obtain positive cash flow. The Company has sustained its solvency through the support of its single shareholder, MCIG, which raise substantial doubt about its ability to continue as a going concern.

Management is taking steps to raise additional funds to address its operating and financial cash requirements to continue operations in the next twelve months. Management has devoted a significant amount of time to the raising of capital from additional debt and equity financing. However, the Company's ability to continue as a going concern is dependent upon raising additional funds through debt and equity financing and generating revenue. There are no assurances the Company will receive the necessary funding or generate the revenue necessary to fund operations. The financial statements contain no adjustments for the outcome of this uncertainty.

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Consolidated Statements of Operations - USD ($)	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Income Statement [Abstract]
Sales		$ 44,290
Computer Lease		4,526
Cost of Services		18,598
Depreciation Expense	121,159	121,499
Software Maintenance		30,625
Total Cost of Sales	121,159	175,248
Gross Loss	(121,159)	(130,958)
Selling, general, and administrative	742	5,155
Professional fees	12,622	623
Marketing & advertising		1,750
Payroll		11,975
Consultant fees	42,000	41,500
Bad Debt Expense	4,500
Amortization & Depreciation Expense	646
Total operating expenses	60,510	61,002
Net Loss from operations	(181,669)	(191,960)
Other income (expense)	(1)
Net income (loss) before Extraordinary items	$ (181,670)	$ (191,960)
Basic and diluted (Loss) per share:
Income(Loss) per share from continuing operations	$ (0.0327)	$ (0.0345)
Income(Loss) per share	$ (0.0327)	$ (0.0345)
Weighted average shares outstanding basic and diluted	5,560,000	1,118,082

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Subsequent Events (Details Narrative) - USD ($)	3 Months Ended
	Apr. 30, 2019	Jan. 31, 2019
Assets held for Sale	$ 408,166	$ 408,166
Sale of ATM
Date of Sale	Jun. 03, 2019
Assets held for Sale	$ 408,166

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Property, Plant and Equipment (Tables)

3 Months Ended

Apr. 30, 2019

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

Property, Plant, and Equipment
		For the 3 months ended April 30,
		2019		2018
Software (Capitalized)	$	3,129,411	$	3,127,251
Intangibles		7,753
Machinery & Equipment		-		299,970
Total acquisition cost		3,137,164		3,427,221
Accumulated depreciation		808,069		320,954
Total property, plant, and equipment	$	2,329,095	$	3,106,267

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Basic Income per Share before Non-Controlling Interest

3 Months Ended

Apr. 30, 2019

Earnings Per Share [Abstract]

Basic Income per Share before Non-Controlling Interest

Basic Income Per Share - The computation of basic and diluted loss per common share is based on the weighted average number of shares outstanding during each period.

Basic Income Per share
For the 3 months Ended April 30,
	2019	2018
Net income	(181,670)	(191,960)
Basic income  per share	(0.03)	(0.17)
Basic weighted average number of shares outstanding	5,560,000	1,118,082

The computation of basic loss per common share is based on the weighted average number of shares outstanding during the period.

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Statements of Cash Flows - USD ($)	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Cash flows from operating activities:
Net (Loss)	$ (181,670)	$ (191,960)
Adjustments to reconcile net loss to net Cash provided by (used in) operating activities:
Depreciation and amortization	121,805	121,499
Decrease (Increase) in:
Accounts receivable, net	4,500	46,790
Prepaid expenses and other current assets	50	(141)
Accounts payable, accrued expenses and taxes payable	44,233	(36,080)
Total adjustment to reconcile net income to net cash	170,587	132,068
Net cash provided In operating activities	(11,082)	(59,892)
Cash flows from investing activities:
Acquisition of intangible assets		(2,326)
Net cash received in investing activities		(2,326)
Cash Flows From Financing Activities:
Borrowing from related party	11,082	54,784
Net Cash Provided By Financing Activities	11,082	54,784
Net Change in Cash		(7,434)
Cash at Beginning of Year		16,350
Cash at End of Period		$ 8,916

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Document and Entity Information	3 Months Ended
	Apr. 30, 2019 shares
Document And Entity Information
Entity Registrant Name	OBITX, Inc.
Entity Central Index Key	0001730869
Entity FIle Number	333-222978
Document Type	10-Q/A
Document Period End Date	Apr. 30, 2019
Amendment Flag	true
Amendment Description	OBITX, Inc. (the “Company”) is filing this Amendment #1 on Form 10-Q/A (the Amendment”) to the Company’s quarter report on Form 10-Q for the period ended April 30, 2019 (the “Form 10-Q”), filed with the Securities and Exchange Commission on  June 18, 2019 (the “Original Filing Date”), is solely for the purpose of furnishing Exhibit 101 – Interactive Data File (XBRL Exhibit) required by Rule 405 of Regulation S-T, which was not included with the Original Filing. No other changes have been made to the Form 10-Q. This Amendment speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date and does not modify or update in any way disclosures made in the original Form 10-Q.
Current Fiscal Year End Date	--01-31
Is Entity's Reporting Status Current?	Yes
Is Entity Emerging Growth Company?	false
Is Entity a Shell Company	false
Is Entity's Interactive Date Current?	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Common Stock, Shares Outstanding	5,460,000
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1

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Property, Plant and Equipment

3 Months Ended

Apr. 30, 2019

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

In a major transaction, the Company acquired the 420 Cloud software environment which includes, 420 Cloud mobile, 420 Cloud browser, 420 Cloud API, WhoDab, BangPunch, 420 single sign-on mobile wallet, 420 job search, Weedistry, Ehesive, 420 cue, 420 wise guy, and Palm weed. While some of the software applications are currently in use, others are still under development. The Company launched its 420 cloud software service on April 20, 2017. The company has transferred all digital currency ATMs to assets held for sale as they are no longer going to be used by the company has and will be sold.

The following is a detail of equipment: 

Property, Plant, and Equipment
		For the 3 months ended April 30,
		2019		2018
Software (Capitalized)	$	3,129,411	$	3,127,251
Intangibles		7,753
Machinery & Equipment		-		299,970
Total acquisition cost		3,137,164		3,427,221
Accumulated depreciation		808,069		320,954
Total property, plant, and equipment	$	2,329,095	$	3,106,267

Depreciation expense on property, plant and equipment was $121,805 for the 3 month period ended April 30, 2019 and $121,499 for the 3 month period ending April 30, 2018.

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Summary of Significant Accounting Policies (Policies)

3 Months Ended

Apr. 30, 2019

Accounting Policies [Abstract]

Principles of Consolidation

The consolidated financial statements include the accounts of the Company, the wholly owned subsidiaries of HAUTE, CAMP, and altCUBE.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and disclosures of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. The most significant estimates include: revenue recognition; sales returns and other allowances; allowance for doubtful accounts; valuation of inventory; valuation and recoverability of long-lived assets; property and equipment; contingencies; and income taxes.

On a regular basis, management reviews its estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such reviews, and if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates.

Revenue Recognition Policies

We intend to earn revenue from the subscription, non-software related hosted services, term-based and perpetual licensing of software products, associated software maintenance and support plans, consulting services, training, and technical support.

On February 1, 2018, we adopted Topic 606, using the modified retrospective transition method applied to those contracts which were not completed as of February 1, 2018. Results for reporting periods beginning after February 1, 2018 are presented under Topic 606, while prior period amounts have not been adjusted and continue to be reported in accordance with our historic accounting. The impact of adopting the new revenue standard was not material to our financial statements and there was no adjustment to beginning retained earnings on February 1, 2018.

Under Topic 606, revenue is recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services.

We determine revenue recognition through the following steps:

·         identification of the contract, or contracts, with a customer;

·         identification of the performance obligations in the contract;

·         determination of the transaction price;

·         allocation of the transaction price to the performance obligations in the contract; and

·         recognition of revenue when, or as, we satisfy a performance obligation.

Research and Development

Research and Development Expenditure on research activities, undertaken with the prospect of gaining new scientific or technical knowledge and understanding, is recognized in profit or loss as an expense as incurred.

Expenditure on development activities, whereby research findings are applied to a plan or design for the production of new or substantially improved products and processes, is capitalized only if the product or process is technically and commercially feasible, if development costs can be measured reliably, if future economic benefits are probable, if the Company intends to use or sell the asset and the Company intends and has sufficient resources to complete development. The Company has recognized $0 as a capital asset for the 3 months ended April 30, 2019 and $0 for the three months ended April 30, 2018.

Concentration of Credit Risk and Significant Customers

Financial instruments which potentially subject the Company to a concentration of credit risk consist principally of temporary cash investments and accounts receivable. The Company places its temporary cash investments with financial institutions insured by the FDIC. 

Concentrations of credit risk with respect to trade receivables and commodities are limited due to the diverse group of customers to whom the Company provides services to. The Company establishes an allowance for doubtful accounts when events and circumstances regarding the collectability of its receivables or the selling of its commodities warrant based upon factors such as the credit risk of specific customers, historical trends, other information and past bad debt history. The outstanding balances are stated net of an allowance for doubtful accounts.

Our cash balances are maintained in accounts held by major banks and financial institutions located in the United States. The Company may occasionally maintain amounts on deposit with a financial institution that are in excess of the federally insured limit of $250,000. The risk is managed by maintaining all deposits in high-quality financial institutions. The Company had $0 in excess of federally insured limits on April 30, 2019, and April 30, 2018.

For the three month period ended April 30, 2019 there were no sales. During the period ending April 30, 2019 it was decided to write off the remaining $4,500 as it was also greater than 1 year outstanding. There were $0 for the three month period ended April 30, 2019 and $1,423,196 for the three month period ended April 30, 2018. During the last quarter for the year ended January 31, 2019 the accounts receivable of $1,250,000 for Render payment was written off as bad debt to take a conservative approach on the balance sheet as the amount of time of non-payment was quite substantial and greater than 1 year.

Cost of Goods Sold

The Company recognizes the direct cost of purchasing product for sale, including freight-in and packaging, as cost of goods sold in the accompanying statement of operations.

Cost of Revenue

Cost of revenue includes: manufacturing and distribution costs for products sold and programs licensed; operating costs related to product support service centers and product distribution centers; costs incurred to include software on PCs sold by OEMs, to drive traffic to our websites and products, and to acquire online advertising space; costs incurred to support and maintain Internet-based products and services, including data center costs and royalties; warranty costs; inventory valuation adjustments; costs associated with the delivery of consulting services; and the amortization of capitalized software development costs. Capitalized software development costs are amortized over the estimated lives of the products.

Cash and Cash Equivalents

The Company includes in cash and cash equivalents all short-term, highly liquid investments that mature within three months of the date of purchase. Cash equivalents consist principally of investments in interest-bearing demand deposit accounts and liquidity funds with financial institutions and are stated at cost, which approximates fair value. For cash management purposes, the company concentrates its cash holdings in an account at Bank of America. The Company had no cash equivalents as of April 30, 2019, or April 30, 2018.

Property, Plant, and Equipment

Property, plant, and equipment (“PPE”) are stated at cost less accumulated depreciation and amortization.  Expenditures for maintenance and repairs are charged to expense as incurred.  Additions, improvements and major replacements that extend the life of the asset are capitalized.

Depreciation and amortization are recorded using the straight-line method over the estimated useful lives of depreciable assets, which are generally three to five periods.

The Company classifies its software under the Financial Accounting Standards Advisory Board (FASAB) Statement of Federal Financial Accounting Standards (SFFAS) No. 10, Accounting for Internal Use Software, and the Governmental Accounting Standards Board (GASB) Statement No. 42, Accounting of Costs of Computer Software Developed or Obtained for Internal Use. When software is used in providing goods and services it is classified as PPE.  The Company considers its proprietary software as a major part of the Company’s operations that are intended to provide profits.

Accounts Receivable

The Company's accounts receivable are trade accounts receivable. The Company recognized $1,250,000 as an uncollectable reserve for the three month period ending April 30, 2019 and $0 for the three month period ending April 30, 2018.

Advertising Costs and Expense

The advertising costs are expensed as incurred. Advertising costs were $0 for the three month period ending April 30, 2019 and $1,750 for the three month period ending April 30, 2018.

Foreign Currency Translation

The Company’s functional currency and its reporting currency is the United States Dollar.

Income Taxes

In accordance with SAB Topic 1: Financial Statements, Subsidiary's or Division's Separate Financial Statements and Segments, income taxes are consolidated with MCIG, the controlling entity of the Company. There are currently no tax implications should the Company not consolidate with MCIG. With only losses showing for the periods shown there would be no taxes payable for any periods presented. If there were tax expenses they would be based on the IRS published corporate tax rate of 21% for 2018 and 2019.

Basic and Diluted Net Earnings (Loss) Per Share

The Company follows ASC Topic 260 – Earnings Per Share, and FASB 2015-06, Earnings Per Share to account for earnings per share.  Basic earnings per share (“EPS”) calculations are determined by dividing net loss by the weighted average number of shares of common stock outstanding during the period.  Diluted earnings per share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding.  During periods when common stock equivalents, if any, are anti-dilutive they are not considered in the computation. 

Commitments and Contingencies

The Company reports and accounts for its commitments and contingencies in accordance with ASC 440 - Commitments and ASC 450 - Contingencies. We recognize a loss on a contingency when it is probable a loss will incur and that the amount of the loss can be reasonably estimated. The Company recognized $0 as a loss on contingencies in the three month periods ending April 30, 2019 and April 30, 2018.

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Stockholders Equity

3 Months Ended

Apr. 30, 2019

Equity [Abstract]

Stockholders Equity

Common Stock

As of April 30, 2019 and January 31, 2019, the Company had 200,000,000 common shares authorized, with 5,460,000 common shares at a par value of $0.0001 issued and outstanding. 

Preferred Stock

As of April 30, 2019 and January 31, 2019, the company had 1,000,000 Series A Preferred shares authorized, with 100,000 Series A Preferred shares at a par value of $0.0001 issued and outstanding.

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Warrants - Schedule of Warrants (Details) - $ / shares	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Notes to Financial Statements
Beginning Balance, Issued Warrants	3,000,000
Beginning Balance, Average Exercise Price	$ 1.0
Exercised, Warrants
Exercised, Average Exercise Price
Granted, Warrants
Granted, Average Exercise Price
Ending Balance, Issued Warrants	3,000,000	3,000,000
Ending Balance, Average Exercise Price	$ 1.0	$ 1.0

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Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Jan. 31, 2019
Date of Agreement	Jan. 04, 2019
Series A Preferred stock, shares issued	100,000		100,000
Common stock, shares issued	5,460,000		5,460,000
Cost of services	$ (4,500)	$ (46,790)
Warrants Issued
Consulting Agmt #1
Date of Agreement	Nov. 01, 2017
Monthly service cost	$ 7,000
Consulting Agmt #2
Date of Agreement	Nov. 01, 2017
Monthly service cost	$ 3,500
Consulting Agmt #3
Date of Agreement	Nov. 01, 2017
Monthly service cost	$ 3,500
Consulting Agmt #4
Date of Agreement	Nov. 01, 2017
Monthly service cost	$ 5,000
Subsidiary Services
(Loss) on discontinued operations	$ (25,167)
Line of Credit
Date of Agreement	Nov. 01, 2016
Line of Credit, Capicity	$ 1,000,000	$ 1,000,000
Line of Credit, Current	$ 629,358	$ 3,635,253
Line of Credit, Interest Rate	0.00%
Line of Credit, Termination Date	Apr. 30, 2019
Line of Credit #2
Date of Agreement	Jun. 14, 2018
Line of Credit, Capicity	$ 100,000
Line of Credit, Current	$ 77,400
Line of Credit, Interest Rate	0.60%
Line of Credit, Accured Interest	$ 3

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Organization and Basis of Presentation (Details Narrative)	3 Months Ended
	Apr. 30, 2019
Date of Incorporation	Mar. 30, 2017
State of Incorporation	DE
Haute Jobs
Date of Incorporation	May 10, 2018
State of Incorporation	WY
Ownership	100.00%
Campaign Pigeon
Date of Incorporation	May 10, 2018
State of Incorporation	WY
Ownership	100.00%
altCUBE
Date of Incorporation	Jun. 04, 2018
State of Incorporation	WY
Ownership	100.00%
Date of Discontinued Operations	Jan. 11, 2019