4. Revenue

9 Months Ended

Dec. 31, 2020

Revenue from Contract with Customer [Abstract]

Revenue

NOTE 4 – REVENUE

The Company recognizes as revenues the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied. Live event revenue primarily includes ticket and beverage sales before and during the live events. Sponsorship revenue is also recognized when the live event takes place. Any revenue received for events that have yet to take place are recorded in deferred revenue. Gym revenue comprises primarily of membership dues and subscription. Other gym revenue includes personal training, group fitness and meal planning.

Information about the Company’s net sales by revenue type for the nine months ended December 31, 2020 and 2019 are as follows:

	For the nine months ended
	December 31,		December 31,
	2020 (Unaudited)		2019 (Unaudited)
Live events	$	112,901	$	351,274
Gym revenue		383,596		–
Net sales	$	496,497	$	351,274

	For the three months ended
	December 31,		December 31,
	2020 (Unaudited)		2019 (Unaudited)
Live events	$	82,524	$	169,363
Gym revenue		218,025		–
Net sales	$	300,549	$	169,363