REVENUE

6 Months Ended

Sep. 30, 2022

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 three and six months ended September 30, 2022 and 2021 are as follows: 

	For the three months ended
	September 30,		September 30,
	2022 (Unaudited)		2021 (Unaudited)
Live events	$	160,469	$	283,171
Gym revenue		75,007		376,839
Net sales	$	235,476	$	660,010

	For the six months ended
	September 30,		September 30,
	2022 (Unaudited)		2021 (Unaudited)
Live events	$	498,291	$	518,762
Gym revenue		437,526		710,013
Net sales	$	935,817	$	1,228,775

All revenue is derived in the United States.

Information about the Company’s deferred revenue for the six months ended September 30, 2022 and 2021 are as follows: 

	As of
	September 30,			September 30,
	2022			2021
Balance at beginning of fiscal year	$	104,704		$	119,504
Deferral of revenue		504,247			453,342
Recognition of unearned revenue		(575,552	)		(483,966	)
Balance at September 30	$	33,399		$	88,880

Deferred revenue for the periods ended September 30, 2022 and March 31, 2022 was $33,399 and $104,704, respectively. This deferred revenue represents deferred gym memberships fees and tickets pre-sold for live events, which pertain to performance obligations not realized as of September 30, 2022 and March 31, 2022.

Revenue recognized for the six months ended September 30, 2022 and 2021, which was included in the unearned revenue liability balance at the beginning of the year, was $575,552 and $483,966, respectively. This revenue represents gym membership fees and live event sales for performance obligations met in the six months ended September 30, 2022 and 2021.