5. Notes Payable

6 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Notes Payable

NOTE 5 - NOTES PAYABLE

The following is a summary of notes payable as of September 30, 2019 and March 31, 2019:

	As of		As of
	September 30, 2019		March 31, 2019
Notes payable - current maturity:
Emry Capital $14,000, 4% loan with principal and interest due April, 2020.	$	14,000	$	14,000
Notes payable – in default:
Good Hunting $15,000, 7.5% loan with principal and interest due March 31, 2019 (In Default)		15,000		15,000
Notes payable – long term:
WLES LP LLC $60,000, 5% loan due January 15, 2022		60,000		60,000
Total	$	89,000	$	89,000

On August 31, 2019, WLES LP LLC agreed to sign an amendment which extended the maturity date of the note and added conversion option. This amendment gave rise to a modification because a substantive conversion option was added to the contract. Under ASC 470-50-40-10, when a modification or an exchange of debt instruments adds a substantive conversion option debt extinguishment accounting is required. As a result, the Company recorded a loss on modification of debt in the amount of $50,756.