Cover
Cover - shares | 3 Months Ended | |
Jul. 31, 2020 | Apr. 19, 2021 | |
Cover [Abstract] | ||
Entity Registrant Name | BOTS, Inc./PR | |
Entity Central Index Key | 0001525852 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Current Fiscal Year End Date | --04-30 | |
Entity Small Business | true | |
Entity Shell Company | false | |
Entity Emerging Growth Company | false | |
Entity Current Reporting Status | Yes | |
Document Period End Date | Jul. 31, 2020 | |
Entity Filer Category | Non-accelerated Filer | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2021 | |
Entity Common Stock Shares Outstanding | 771,874,596 | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity Interactive Data Current | Yes |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Jul. 31, 2020 | Apr. 30, 2020 |
Current Assets | ||
Cash and cash equivalents | $ 1,738 | $ 24,695 |
Interest receivable, net | 25,058 | 0 |
Notes and other receivable | 1,409,564 | 218,257 |
Total current assets | 1,436,360 | 242,952 |
Cost basis investment | 1,010,902 | 272,945 |
Intangible assets, net | 69,324,158 | 400,037 |
Total assets | 71,771,420 | 915,934 |
Current liabilities | ||
Accounts payable and accrued expenses | 0 | 173,317 |
Due to shareholder | 8,728 | 110,923 |
Other current liabilities | 335,000 | 443,706 |
Reserve for legal settlements | 173,317 | 0 |
Total current liabilities | 517,045 | 727,946 |
Total Liabilities | 517,045 | 727,946 |
Stockholders equity | ||
Preferred stock, $0.0001 par value; 100,000,000 shares authorized; 33,350,000 and 3,350,000 shares issued and outstanding, as of July 31, 2020 and April 30, 2020, respectively. | 3,335 | 335 |
Common stock, $0.0001 par value, voting; 2,000,000,000 shares authorized; 771,874,596 and 505,374,596 shares issued, and outstanding, as of July 31, 2020 and April 30, 2020, respectively. | 77,188 | 50,537 |
Treasury stock | (680,330) | (680,330) |
Additional paid in capital | 27,758,160 | 13,981,354 |
Accumulated profit (deficit) | 44,096,022 | (13,149,659) |
Total stockholders equity | 71,254,375 | 202,237 |
Non-controlling interest | 0 | (14,249) |
Total equity | 71,254,375 | 187,988 |
Total liabilities and stockholders equity | $ 71,771,420 | $ 915,934 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Jul. 31, 2020 | Apr. 30, 2020 |
Consolidated Balance Sheets | ||
Preferred Stock, Par Value | $ 0.0001 | $ 0.0001 |
Preferred Stock, Shares Authorized | 100,000,000 | 100,000,000 |
Preferred Stock, Shares issued | 33,350,000 | 3,350,000 |
Preferred Stock, Shares outstanding | 33,350,000 | 3,350,000 |
Common Stock, Par Value | $ 0.0001 | $ 0.0001 |
Common Stock, Shares Authorized | 2,000,000,000 | 2,000,000,000 |
Common Stock, Shares issued | 771,874,596 | 505,374,596 |
Common Stock, Shares outstanding | 771,874,596 | 505,374,596 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | |
Jul. 31, 2020 | Jul. 31, 2019 | |
Consolidated Statements of Operations (Unaudited) | ||
Revenue | $ 0 | $ 497,400 |
Merchandise | 0 | 222,716 |
Commissions | 0 | 10,140 |
Merchant fees, shipping, and other costs | 0 | 12,597 |
Amortization and depreciation as a COG | 0 | 0 |
Total Cost of Sales | 0 | 245,453 |
Gross Profit | 0 | 251,947 |
Selling, general, and administrative | 5,052 | 129,061 |
Professional fees | 4,176 | 18,594 |
Stock based compensation | 3,720,000 | 108,000 |
Marketing & advertising | 1,359 | 35,697 |
Consultant fees | 0 | 103,957 |
Bad Debts | 0 | 3,152 |
Amortization and depreciation | 48,133 | 69,795 |
Total operating expenses | 3,778,720 | 468,256 |
Income (Loss) from operations | (3,778,720) | (216,309) |
Other income (expense) | 61,236,239 | (81,460) |
Net income (loss) before non-controlling interest | 57,457,519 | (297,769) |
Loss on discontinued operations | (211,839) | (11,583) |
Net income(loss) before minority interest | 57,244,367 | (309,352) |
Gain attributable to non-controlling interest | 0 | (11,071) |
Net income (loss) attributable to controlling interest | $ 57,244,367 | $ (320,423) |
Basic and diluted (Loss) per share: | ||
Income(Loss) per share from continuing operations | $ 0.08 | $ 0 |
Income(Loss) per share | $ 0.08 | $ 0 |
Weighted average shares outstanding - basic and diluted | 721,113,726 | 516,510,466 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Jul. 31, 2020 | Jul. 31, 2019 | |
Cash flows from operating activities: | ||
Net Profit (Loss) | $ 57,244,367 | $ (320,423) |
Cash provided by (used in) operating activities: | ||
Depreciation and amortization | 48,133 | 69,795 |
Common stock issued for services | 3,720,000 | 108,000 |
Net effect to cash flow from non-consolidation | 0 | (157,192) |
Impairments | 33,690 | 0 |
Effects of discontinued operations, net | 317,530 | 0 |
Effects of acquisition, net | (61,244,071) | 0 |
Minority Interest in earnings of subsidiaries, net | 0 | 103,888 |
Accrued interest, net | (25,058) | 0 |
Decrease (Increase) in: | ||
Accounts receivable, net | 0 | 48,467 |
Other receivable | 0 | (307) |
Inventories | 0 | 429,226 |
Prepaid expenses and other current assets | 0 | 10,100 |
Accounts payable, accrued expenses and taxes payable | 0 | (138,022) |
Deferred revenue | 0 | (20,977) |
Total adjustment to reconcile net income to net cash | (57,149,776) | 452,978 |
Net cash provided In operating activities | 85,904 | 132,555 |
Cash flows from investing activities: | ||
Acquisition of property, plant and equipment | 0 | (167,057) |
Acquisition of intangible assets | 0 | (1,241) |
Net cash received in investing activities | 0 | (168,298) |
Cash Flows From Financing Activities: | ||
Borrowing from related party, net | (58,861) | 2,459 |
Notes Payable | (50,000) | (53,108) |
Net Cash Provided By Financing Activities | (108,861) | (50,649) |
Net Change in Cash | (22,957) | (86,392) |
Cash at Beginning of Year | 24,695 | 281,831 |
Cash at End of Period | 1,738 | 195,439 |
Supplemental Disclosure of Cash Flows Information: | ||
Cash paid for interest | 0 | 13,481 |
Cash paid for income taxes | 0 | 0 |
Non-cash Investing and Financing Activities: | ||
Intangible Assets exchanges for accounts payable | 0 | 27,930 |
Notes receivable in exchange for accounts payable | 0 | 100,000 |
Land transfer in exchange for accounts payable | 0 | 314,105 |
Settlement of Due to Related Party | 0 | 1,221,871 |
Joint Venture investment with BRRX Management | (166,675) | 166,675 |
Settlement of CBJ Distributing | 0 | $ 1,357,473 |
Purchase of First Bitcoin Capital, LLC | 10,120,000 | |
Stock issued in settlement of debt | $ 58,706 |
Organization and Basis of Prese
Organization and Basis of Presentation | 3 Months Ended |
Jul. 31, 2020 | |
Organization and Basis of Presentation | |
Note 1. Organization and Basis of Presentation | The accompanying consolidated audited financial statements of BOTS, 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 and Principles of Consolidation 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 subsidiaries: · First Bitcoin Capital, LLC · CoinQx Exchange Limited Description of Business Originally, we were formed to open and operate a full-service day spa in Montrose, California. In October 2013 we repositioned ourselves as a technology company focused on two long-term secular trends sweeping the globe: (1) The decriminalization and legalization of marijuana for medicinal or recreational purposes; and, (2) the adoption of electronic vaporizing cigarettes (commonly known as “eCigs”). The Company initially earned revenue through wholesale and retail sales of electronic cigarettes, vaporizers, and accessories in the United States. It offered electronic cigarettes and related products through its online store at www.mcig.org, as well as through the company’s wholesale, distributor, and retail programs. We expanded operations to include the VitaCig brand in 2014. From 2015 through 2020 the Company was involved in multiple cannabis business entities. We have elected to discontinue all operations in the cannabis markets and e-cig markets while focusing on robotics and blockchain technologies. We operated multiple websites (which are not incorporated as part of this Form 10Q report). The Company’s primary website is www.bots.bz. Subsidiaries of the Company The Company currently operates, in addition to BOTS, Inc., the following subsidiaries which are consolidated: First Bitcoin Capital, LLC On May 14, 2020 we acquired 100% of First Bitcoin Capital, LLC (“FBC”). FBC was incorporated on December 11, 2017 under the laws of the state of Colorado. FBC works in multiple areas of blockchain development and cryptocurrency. CoinQX Exchange Limited On May 14, 2020 we acquired 100% of CoinQX Exchange, Limited (“CoinQX”). CoinQX was incorporated on July 4, 2014 in British Columbia, Canada. CoinQX has not yet begun operations. 420Wifi.com, llc On May 14, 2020 we acquired 100% of 420wifi.com, llc (“420wifi”). 420wifi was organized on January 18, 2019 under the laws of the state of Wyoming. 420wifi has not yet begun operations. D’BOT Technology Corp On May 14, 2020 we acquired 100% of D’BOT Technology Corp (“DBOT”). DBOT was incorporated on March 15, 2019 under the laws of the state of Colorado. DBOT has not yet begun operations. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 3 Months Ended |
Jul. 31, 2020 | |
Summary of Significant Accounting Policies | |
Note 2. Summary of Significant Accounting Policies | Principles of Consolidation The consolidated financial statements include the accounts of the Company, the wholly owned subsidiaries of FBC, CoinQX, 420wifi, and DBOT. Significant intercompany balances and transactions have been eliminated. 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 are limited due to the diverse group of customers to whom the Company sells. The Company establishes an allowance for doubtful accounts when events and circumstances regarding the collectability of its receivables 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. 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. Interests Receivable The Company’s interests receivables are accrued from two convertible promissory noted. The interest will continue to accrue until such time as the debt is paid in full, or the Company elects to convert the promissory note, or a portion there of, into equity of the debtor. Intangible Assets The Company’s intangible assets consist of certain website development costs that is amortized over their useful life in accordance with the guidelines of ASC 350-30 General Intangible Other than Goodwill ASC 350-50 Website Development Costs Basic and Diluted Net Loss Per Share The Company follows ASC Topic 260 – Earnings Per Share FASB 2015-06, Earnings Per Share Basic net earnings (loss) per common share are computed by dividing the net earnings (loss) for the period by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share are computed using the weighted average number of common and dilutive common stock equivalent shares outstanding during the period. Dilutive common stock equivalent shares consist of Series A convertible preferred stock, convertible debentures, stock options and warrant common stock equivalent shares. Concentration of Credit Risk Financial instruments, which potentially subject us to concentrations of credit risk, consist principally of cash and trade receivables. Concentrations of credit risk with respect to trade receivables are limited due to the clients that comprise our customer base and their dispersion across different business and geographic areas. We estimate and maintain an allowance for potentially uncollectible accounts and such estimates have historically been within management's expectations. 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 and $0 in excess of federally insured limits at July 31, 2020 and April 30, 2020. |
Going Concern
Going Concern | 3 Months Ended |
Jul. 31, 2020 | |
Going Concern | |
Note 3. 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 and relatively few sales, no certainty of continuation can be stated. The accompanying financial statements for the three months ended July 31, 2020 and 2019 have been prepared assuming that the Company 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 suffered losses from operations and has an accumulated deficit, 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 in 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 revenue necessary to fund operations. The financial statements contain no adjustments for the outcome of this uncertainty. |
Interests Receivable
Interests Receivable | 3 Months Ended |
Jul. 31, 2020 | |
Interests Receivable | |
Note 4: Interests Receivable | The Company’s interests receivable is from a single direct customer. |
Intangible Assets
Intangible Assets | 3 Months Ended |
Jul. 31, 2020 | |
Intangible Assets | |
Note 5. Intangible Assets | The following reflects our intangible assets: Intangible Assets - July 31, 2020 Weighted Average Useful Life (in years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Finite lived intangible assets Domains 3 $ 115,848 $ 86,886 $ 28,962 Trademarks 3 400,000 299,997 100,003 Patents 15 308,750 5,146 303,604 Infinite lived intangible assets California cannabis license 228,085 228,085 - Noncurrent cryptocurrencies 68,891,589 - 68,891,589 Total intangible assets $ 69,944,272 $ 620,114 $ 69,324,158 Intangible Assets - April 30, 2020 Weighted Average Useful Life (in years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Finite lived intangible assets Domains 3 $ 115,848 $ 77,232 $ 38,616 Trademarks 3 400,000 266,664 133,336 Infinite lived intangible assets California cannabis license 228,085 - 228,085 Total intangible assets $ 743,933 $ 343,896 $ 400,037 |
Cost Basis Investments
Cost Basis Investments | 3 Months Ended |
Jul. 31, 2020 | |
Cost Basis Investments | |
Note 6. Cost Basis Investments | The Company has invested $72,168 through July 31, 2020 and $501,031 through April 30, 2020. A breakdown of these investments includes: Cost Basis Investments As of As of July 31, 2020 April 30, 2020 Stony Hill Corp, net $ 28,528 $ 62,218 BRRX Management Joint Venture - 200,778 Redfern BioSystems, Inc. 9,949 9,949 SinglePoint, Inc. 28,000 - Medical Cannabis Payment Solutions, Inc. 11,800 - Petroteq Energy Inc. 10,125 - Digital Asset Monetary 500,000 - Kronos Advanced Technologies, Inc. 422,500 - Total acquisition cost $ 1,010,902 $ 272,945 |
Acquisition
Acquisition | 3 Months Ended |
Jul. 31, 2020 | |
Acquisition | |
Note 7. Acquisition | On May 15, 2020, the Company acquired First Bitcoin Capital, LLC and all the assets of First Bitcoin Capital Corp. The Company acquired all cash, inventory, prepaid expenses, inventory, fixed assets, and intellectual property for a total purchase price of $10,200,000. The Company issued 100,000,000 common shares and 30,000,000 Series A Preferred shares at the rate of $0.03 per underlying common share. The Company has 60,000,000 Series A Preferred held in reserve for issuance should certain milestones be achieved over the course of three years. In accordance to rule, the following table reflects the determination of the purchase price of the assets of First Bitcoin Capital Corp and the business entity of First Bitcoin Capital, LLC: Acquisition of First Bitcoin Capital Corp Assets Cash 800 Patent 308,750 Interest receivable 25,058 Notes receivable 1,191,307 Cost basis investments 972,425 Non-current digital assets 214,264,073 Total assets acquired 216,762,413 Reserve for devaluation 145,372,485 Total liabilities assumed 145,372,485 Net acquisition assets 71,389,929 Total Purchase Price Common Stock issued as part of acquisition (100,000,000) 2,530,000 Preferred Stock issued as part of acquisition (90,000,000) 22,770,000 Total Purchase Price 25,300,000 Reserve for unissued stock 15,180,000 Stock issued as part of purchase 10,120,000 Net acquisition assets 71,389,929 Gain on Assets 61,269,929 |
Related Parties and Related Par
Related Parties and Related Party Transactions | 3 Months Ended |
Jul. 31, 2020 | |
Related Parties and Related Party Transactions | |
Note 8. Related Parties and Related Party Transactions | Mr. Rosenberg, the Company’s CEO/CFO provides funding for the Company. During the three months ended July 31, 2020 Mr. Rosenberg paid $50,029 in expenses on behalf of the Company, while receiving $154,193 in payments. Mr. Rosenberg was owed $110,922 as due to related party at the end of the last fiscal year, April 30, 2020, leaving a balance owed to Mr. Rosenberg of $6,759 as of July 31, 2020. Mr. Rosenberg received 80,000,000 shares of common stock for services provided in the acquisition of First Bitcoin Capital Corp assets and First Bitcoin Capital, LLC. |
Cryptocurrency Assets
Cryptocurrency Assets | 3 Months Ended |
Jul. 31, 2020 | |
Cryptocurrency Assets | |
Note 9. Cryptocurrency Assets | During the three months ended July 31, 2020 the Company started transacting business with cryptocurrency assets. The Company records the asset as an Intangible Asset with Infinite Life. We classify cryptocurrency that have a market value and substantial liquidity as Current Intangible Assets. Cryptocurrency that do not trade on a market or have limited liquidity are classified as Non-current Intangible Assets. BOTS Cryptocurrency Summary Digital currencies recorded at cost Digital currencies measured at fair value Balance, April 30, 2020 - - Additions 68,890,968 106,724,290 Disposals - - Decrease in valuation - - Balance July 31, 2020 68,890,968 106,724,290 The following chart shows our cryptocurrency assets held for the three months ended July 31, 2020: Schedule of Digital Currencies - Non-current Cost per Total Currency Cost First Bitcoin (BIT) 17,099,497,315 $ 0.004029 $ 68,890,968 President Trump (PRES) 55,869,517,129 - 145,372,484 KiloCoin (KLC) 998,560,007 - - TeslaCoilCoin (TESLA) * 3,988,609 - 622 Siacoin (SC) 342,348 - - Alphabit (ABC) 199,999,982 - - Perkscoin 2,083,333 - - OTC Coin 19,996,895,800 - - President Johnson (GARY) 54,987,192,536 - - Hillary (HILL) 55,967,772,167 - - BURN 55,968,072,167 - - Bitcoin Futures (XBU) 8,977,777 - - Altcoin (ALT) 10,888 - - BPU 8,999,000 - - BPL 8,999,000 - - BCN 8,999,000 - - BXT 8,999,000 - - XBC 8,999,000 - - XOM 4,090,505 - - WEED 77,141,332 - - Fly (LOYAL) 2,254,750,118 - - Catalan Coin 92,233,720,368 - - OPRAH 1,266,805,361 - - HERB 888,888,888 - - MoshiachCoin 379,164 - - HEMP 100,000,000 - - MaidSafeCoin (MAID) 71 - - AFG 100,000,000,000 - - AAL 91,818,181,818 - - UAL 91,818,181,818 - - FFT 91,818,181,818 - - HAL 91,818,181,818 - - SWA 91,818,181,818 - - PURPOSE 92,000,000,000 - - UAE 1,000,000,000 - - QTR 1,000,000,000 - - SIA 1,000,000,000 - - CPA 1,000,000,000 - - ANA 1,000,000,000 - - KZR 1,000,000,000 - - HVN 1,000,000,000 - - LAN 1,000,000,000 - - OMA 1,000,000,000 - - JST 1,000,000,000 - - POE 1,000,000,000 - - XAX 1,000,000,000 - - EIN 1,000,000,000 - - WJA 1,000,000,000 - - IGO 1,000,000,000 - - IBE 1,000,000,000 - - JBU 92,818,181,818 - - JSA 1,000,000,000 - - AZU 1,000,000,000 - - AVA 1,000,000,000 - - TAM 1,000,000,000 - - AZA 1,000,000,000 - - DAT 1,000,000,000 - - ASA 1,000,000,000 - - SCO 1,000,000,000 - - SAS 1,000,000,000 - - SEY 1,000,000,000 - - TAP 1,000,000,000 - - TOM 1,000,000,000 - - ALK 1,000,000,000 - - CMP 1,000,000,000 - - AHY 1,000,000,000 - - JAI 1,000,000,000 - - MAU 1,000,000,000 - - BER 1,000,000,000 - - EWG 1,000,000,000 - - EYH 1,000,000,000 - - APJ 1,000,000,000 - - ETD 1,000,000,000 - - THY 1,000,000,000 - - EVA 1,000,000,000 - - QFA 1,000,000,000 - - DLH 1,000,000,000 - - GIA 1,000,000,000 - - CHH 92,818,181,818 - - THA 1,000,000,000 - - AFR 1,000,000,000 - - SWR 1,000,000,000 - - AAR 1,000,000,000 - - ANZ 1,000,000,000 - - VOZ 1,000,000,000 - - AUA 1,000,000,000 - - BKP 1,000,000,000 - - JAL 1,000,000,000 - - JAA 1,000,000,000 - - JAT 1,000,000,000 - - HAD 1,000,000,000 - - AXM 1,000,000,000 - - KLM 1,000,000,000 - - VRD 1,000,000,000 - - BAW 92,818,181,818 - - FIN 1,000,000,000 - - VIR 1,000,000,000 - - CRK 1,000,000,000 - - NAX 1,000,000,000 - - ACA 1,000,000,000 - - CSN 1,000,000,000 - - AEE 1,000,000,000 - - MAS 1,000,000,000 - - DAL 92,818,181,818 - - KAL 1,000,000,000 - - CAL 1,000,000,000 - - EZY 1,000,000,000 - - SLK 1,000,000,000 - - AFL 1,000,000,000 - - SAA 1,000,000,000 - - CES 1,000,000,000 - - GFA 1,000,000,000 - - ICE 1,000,000,000 - - SVA 1,000,000,000 - - PAL 1,000,000,000 - - EGF 1,000,000,000 - - KQA 1,000,000,000 - - DTA 1,000,000,000 - - CCA 1,000,000,000 - - TSC 1,000,000,000 - - ANE 1,000,000,000 - - DKH 1,000,000,000 - - FJI 1,000,000,000 - - LOTP 1,000,000,000 - - CAW 1,000,000,000 - - AMX 1,000,000,000 - - RBA 1,000,000,000 - - GCRC 1,000,000,000 - - TGW 1,000,000,000 - - MNO 1,000,000,000 - - RJA 1,000,000,000 - - SEJ 1,000,000,000 - - WOWN 1,000,000,000 - - SW 1,000,000,000 - - FS 1,000,000,000 - - RT 1,000,000,000 - - BW 1,000,000,000 - - JJ 1,000,000,000 - - MC 1,000,000,000 - - HH 1,000,000,000 - - IC 1,000,000,000 - - CH 92,818,181,818 - - WY 1,000,000,000 - - Total $ 214,264,073 Reserve 145,372,484 Carrying Value $ 68,891,590 |
Discontinued Operations
Discontinued Operations | 3 Months Ended |
Jul. 31, 2020 | |
Discontinued Operations | |
Note 10. Discontinued Operations | During the three months ended July 31, 2020 the company wrote-off its investments into BRRX Management joint venture and eliminated the value of its California City cannabis license. The Company recognized the following (expense) from its discontinued operations for three months ended July 31: 2020 2019 Other income (loss) $ (211,839 ) $ (11,583 ) Total income (expense) from discontinued operations $ (211,839 ) $ (11,583 ) |
Non-GAAP Accounting and GAAP Re
Non-GAAP Accounting and GAAP Reconciliation - Net Income and EBITDA | 3 Months Ended |
Jul. 31, 2020 | |
Non-GAAP Accounting and GAAP Reconciliation - Net Income and EBITDA | |
Note 11. Non-GAAP Accounting and GAAP Reconciliation - Net Income and EBITDA | The Company reports all financial information required in accordance with generally accepted accounting principles (GAAP). The Company believes, however, that evaluating its ongoing operating results will be enhanced if it also discloses certain non-GAAP information because it is useful to understand the Company’s performance that many investors believe may obscure the Company’s ongoing operational results. For example, the Company uses non-GAAP net income (Adjusted Net Income), which excludes stock-based compensation, amortization of acquired intangible assets, impairment of intangible assets, costs from acquisitions, restructurings and other infrequently occurring items, non-cash deferred tax provision and litigation and related settlement costs. The Company uses EBITDA and Adjusted Net Income, which adjusts net income (loss) for amortization of intangible assets, impairment of intangible assets, stock-based compensation, costs related to acquisitions, restructuring and other infrequently occurring items, settlement of litigation, gains or losses on dispositions, pro forma adjustments to exclude lines of business that have been acquired during the periods presented, current cash tax provision, depreciation, and interest expense (income), and revenue as appreciation (loss as depreciation) of the value of its cryptocurrencies and equity investments, net. The company believes that excluding certain costs from Adjusted Net Income and EBITDA provides a meaningful indication to investors of the expected on-going operating performance of the company. Whenever the Company uses such historical non-GAAP financial measures, it provides a reconciliation of historical non-GAAP financial measures to the most closely applicable GAAP financial measure. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these historical non-GAAP financial measures to their most directly comparable GAAP financial measure. The following tables reflect the non-GAAP Consolidated Statements of Operations for the three months ended July 31, 2020 and 2019, respectively. Adjusted Net Income (unaudited) For the three months ended July 31, 2020 2019 Revenue $ - $ 497,400 Merchandise - 222,716 Commissions - 10,140 Merchant fees, shipping, and other costs - 12,597 Amortization and depreciation as a COG - - Total Cost of Sales - 245,453 Gross Profit - 251,947 Selling, general, and administrative 5,052 129,061 Professional fees 4,176 18,594 Marketing & advertising 1,359 35,697 Consultant fees - 103,957 Total operating expenses 10,587 287,309 Income (Loss) from operations $ (10,587 ) $ (35,362 ) The following table is a reconciliation of the EBITDA and Adjusted Net Income (non-GAAP measures) to the Net Income with the GAAP Consolidated Statements of Operation for the three months ended July 31, 2020 and 2019, respectively. Adjusted Net Income Reconciliation For the three months ended July 31, 2020 2019 CONSOLIDATED STATEMENT of OPERATIONS: Net Income (Loss) 57,234,367 (320,423 ) Interest - - Depreciation and Amortization 48,133 69,795 EBITDA 57,282,500 (250,628 ) Stock based compensation 3,720,000 108,000 Gains not in ordinary course of business (61,234,926 ) 95,683 Adjustments for discontinued operations 221,839 11,583 Adjusted net income (10,587 ) (35,362 ) |
Stockholders Equity
Stockholders Equity | 3 Months Ended |
Jul. 31, 2020 | |
Stockholders equity | |
Note 12. Stockholders' Equity | Common Stock As of July 31, 2020, the Company was authorized to issue 2,000,000,000 common shares at a par value of $0.0001. As of July 31, 2020, the Company had issued and outstanding 771,874,596 common shares. On May 14, 2020, the Company issued 50,000,000 shares of common stock to Overwatch Partners, Inc., as part of payment for services provided as part of the acquisition of First Bitcoin Capital Corp assets and First Bitcoin Capital, LLC. On May 14, 2020 issued 80,000,000 shares of common stock as stock-based compensation to Paul Rosenberg for services provided as the CEO of the Company. The Company issued 10,000,000 shares of common stock to Carl G. Hawkins for legal services provided through May 14, 2020. The Law Offices of Carl G Hawkins provided legal services to the Company. The Company issued 10,000,000 shares of common stock to Law Offices of Thomas G Amon for legal services provided through May 14, 2020 for legal services to the Company. On May 15, 2020 we issued 100,000,000 common shares to First Bitcoin Capital Corp in an asset purchase. On July 20, 2020 we issued 15,000,000 shares of common stock to APO Holdings, LLC as payment for our outstanding debt of $58,706. On July 20, 2020 we 1,000,000 shares of common stock to Andrus Nomm and 500,000 shares of common stock to Levent Can Ersoydan for consulting services provided through July 20, 2020. Preferred Stock The Company has authorized 100,000,000 shares of preferred stock, of which it has designated 100,000,000 as Series A Preferred, at $0.0001 par value. The Company has 33,350,000 issued and outstanding as of July 31, 2020. Each share of the Preferred Stock has 10 votes on all matters presented to be voted by the holders of the Company’s common stock. On April 29, 2020 we converted 5,000,000 of OBITX, Inc., common shares owned by us into 500,000 shares of Series B Preferred stock. The conversion was according to the terms of the Series B Preferred stock and as such there was no gain or loss on the transaction. BOTS may not convert the Series B Preferred shares into common shares until 24 months have expired from the transaction. On May 15, 2020 we issued 20,000,000 Series A Preferred to First Bitcoin Capital Corp in an asset purchase. On May 15, 2020 we issued 10,000,000 Series A Preferred to First Bitcoin Capital Corp as stock based compensation. |
Subsequent Events
Subsequent Events | 3 Months Ended |
Jul. 31, 2020 | |
Subsequent Events | |
Note 13. Subsequent Events | On September 30, 2020 we received 27,000,000 BIT tokens from OBITX as payment of the outstanding note receivable of $218,257. In October 2020 Redfern BioSystems, Inc., was shutdown. The few assets held by Redfern were used to settled debts owed to creditors. We received no compensation for our shares of Redfern BioSystems, Inc., and as such wrote off the asset. On November 23, 2020 the Company issued 1,000,000 shares of common stock to George L Richard III for legal services provided to the Company. On November 23, 2020 the Company issued 1,000,000 shares of common stock to OTC Investments, LLC, for consulting services as a condition for entering into an agreement. On November 24, 2020 the Company issued 1,000,000 shares of common stock to Moneta Equitiess, LLC, for consulting services as a condition for entering into an agreement. On November 24, 2020 the Company issued 1,000,000 shares of common stock to Cyber Security Group, LLC, for consulting services as a condition for entering into an agreement. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Jul. 31, 2020 | |
Summary of Significant Accounting Policies | |
Principles of Consolidation | The consolidated financial statements include the accounts of the Company, the wholly owned subsidiaries of FBC, CoinQX, 420wifi, and DBOT. Significant intercompany balances and transactions have been eliminated. |
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 are limited due to the diverse group of customers to whom the Company sells. The Company establishes an allowance for doubtful accounts when events and circumstances regarding the collectability of its receivables 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. 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. |
Interests Receivable | The Company’s interests receivables are accrued from two convertible promissory noted. The interest will continue to accrue until such time as the debt is paid in full, or the Company elects to convert the promissory note, or a portion there of, into equity of the debtor. |
Intangible Assets | The Company’s intangible assets consist of certain website development costs that is amortized over their useful life in accordance with the guidelines of ASC 350-30 General Intangible Other than Goodwill ASC 350-50 Website Development Costs |
Basic and Diluted Net Loss Per Share | The Company follows ASC Topic 260 – Earnings Per Share FASB 2015-06, Earnings Per Share Basic net earnings (loss) per common share are computed by dividing the net earnings (loss) for the period by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share are computed using the weighted average number of common and dilutive common stock equivalent shares outstanding during the period. Dilutive common stock equivalent shares consist of Series A convertible preferred stock, convertible debentures, stock options and warrant common stock equivalent shares. |
Concentration of Credit Risk | Financial instruments, which potentially subject us to concentrations of credit risk, consist principally of cash and trade receivables. Concentrations of credit risk with respect to trade receivables are limited due to the clients that comprise our customer base and their dispersion across different business and geographic areas. We estimate and maintain an allowance for potentially uncollectible accounts and such estimates have historically been within management's expectations. 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 and $0 in excess of federally insured limits at July 31, 2020 and April 30, 2020. |
Intangible Assets (Tables)
Intangible Assets (Tables) | 3 Months Ended |
Jul. 31, 2020 | |
Intangible Assets | |
Schedule of Intangible Assets | Intangible Assets - July 31, 2020 Weighted Average Useful Life (in years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Finite lived intangible assets Domains 3 $ 115,848 $ 86,886 $ 28,962 Trademarks 3 400,000 299,997 100,003 Patents 15 308,750 5,146 303,604 Infinite lived intangible assets California cannabis license 228,085 228,085 - Noncurrent cryptocurrencies 68,891,589 - 68,891,589 Total intangible assets $ 69,944,272 $ 620,114 $ 69,324,158 Intangible Assets - April 30, 2020 Weighted Average Useful Life (in years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Finite lived intangible assets Domains 3 $ 115,848 $ 77,232 $ 38,616 Trademarks 3 400,000 266,664 133,336 Infinite lived intangible assets California cannabis license 228,085 - 228,085 Total intangible assets $ 743,933 $ 343,896 $ 400,037 |
Cost Basis Investments (Tables)
Cost Basis Investments (Tables) | 3 Months Ended |
Jul. 31, 2020 | |
Cost Basis Investments | |
Schedule of Cost Basis Investments | Cost Basis Investments As of As of July 31, 2020 April 30, 2020 Stony Hill Corp, net $ 28,528 $ 62,218 BRRX Management Joint Venture - 200,778 Redfern BioSystems, Inc. 9,949 9,949 SinglePoint, Inc. 28,000 - Medical Cannabis Payment Solutions, Inc. 11,800 - Petroteq Energy Inc. 10,125 - Digital Asset Monetary 500,000 - Kronos Advanced Technologies, Inc. 422,500 - Total acquisition cost $ 1,010,902 $ 272,945 |
Acquisition (Tables)
Acquisition (Tables) | 3 Months Ended |
Jul. 31, 2020 | |
Acquisition | |
Schedule of Acquisition | Acquisition of First Bitcoin Capital Corp Assets Cash 800 Patent 308,750 Interest receivable 25,058 Notes receivable 1,191,307 Cost basis investments 972,425 Non-current digital assets 214,264,073 Total assets acquired 216,762,413 Reserve for devaluation 145,372,485 Total liabilities assumed 145,372,485 Net acquisition assets 71,389,929 Total Purchase Price Common Stock issued as part of acquisition (100,000,000) 2,530,000 Preferred Stock issued as part of acquisition (90,000,000) 22,770,000 Total Purchase Price 25,300,000 Reserve for unissued stock 15,180,000 Stock issued as part of purchase 10,120,000 Net acquisition assets 71,389,929 Gain on Assets 61,269,929 |
Cryptocurrency Assets (Tables)
Cryptocurrency Assets (Tables) | 3 Months Ended |
Jul. 31, 2020 | |
Cryptocurrency Assets | |
Summary of BOTS Cryptocurrency | BOTS Cryptocurrency Summary Digital currencies recorded at cost Digital currencies measured at fair value Balance, April 30, 2020 - - Additions 68,890,968 106,724,290 Disposals - - Decrease in valuation - - Balance July 31, 2020 68,890,968 106,724,290 |
Schedule of Digital Currencies - Non-current | Schedule of Digital Currencies - Non-current Cost per Total Currency Cost First Bitcoin (BIT) 17,099,497,315 $ 0.004029 $ 68,890,968 President Trump (PRES) 55,869,517,129 - 145,372,484 KiloCoin (KLC) 998,560,007 - - TeslaCoilCoin (TESLA) * 3,988,609 - 622 Siacoin (SC) 342,348 - - Alphabit (ABC) 199,999,982 - - Perkscoin 2,083,333 - - OTC Coin 19,996,895,800 - - President Johnson (GARY) 54,987,192,536 - - Hillary (HILL) 55,967,772,167 - - BURN 55,968,072,167 - - Bitcoin Futures (XBU) 8,977,777 - - Altcoin (ALT) 10,888 - - BPU 8,999,000 - - BPL 8,999,000 - - BCN 8,999,000 - - BXT 8,999,000 - - XBC 8,999,000 - - XOM 4,090,505 - - WEED 77,141,332 - - Fly (LOYAL) 2,254,750,118 - - Catalan Coin 92,233,720,368 - - OPRAH 1,266,805,361 - - HERB 888,888,888 - - MoshiachCoin 379,164 - - HEMP 100,000,000 - - MaidSafeCoin (MAID) 71 - - AFG 100,000,000,000 - - AAL 91,818,181,818 - - UAL 91,818,181,818 - - FFT 91,818,181,818 - - HAL 91,818,181,818 - - SWA 91,818,181,818 - - PURPOSE 92,000,000,000 - - UAE 1,000,000,000 - - QTR 1,000,000,000 - - SIA 1,000,000,000 - - CPA 1,000,000,000 - - ANA 1,000,000,000 - - KZR 1,000,000,000 - - HVN 1,000,000,000 - - LAN 1,000,000,000 - - OMA 1,000,000,000 - - JST 1,000,000,000 - - POE 1,000,000,000 - - XAX 1,000,000,000 - - EIN 1,000,000,000 - - WJA 1,000,000,000 - - IGO 1,000,000,000 - - IBE 1,000,000,000 - - JBU 92,818,181,818 - - JSA 1,000,000,000 - - AZU 1,000,000,000 - - AVA 1,000,000,000 - - TAM 1,000,000,000 - - AZA 1,000,000,000 - - DAT 1,000,000,000 - - ASA 1,000,000,000 - - SCO 1,000,000,000 - - SAS 1,000,000,000 - - SEY 1,000,000,000 - - TAP 1,000,000,000 - - TOM 1,000,000,000 - - ALK 1,000,000,000 - - CMP 1,000,000,000 - - AHY 1,000,000,000 - - JAI 1,000,000,000 - - MAU 1,000,000,000 - - BER 1,000,000,000 - - EWG 1,000,000,000 - - EYH 1,000,000,000 - - APJ 1,000,000,000 - - ETD 1,000,000,000 - - THY 1,000,000,000 - - EVA 1,000,000,000 - - QFA 1,000,000,000 - - DLH 1,000,000,000 - - GIA 1,000,000,000 - - CHH 92,818,181,818 - - THA 1,000,000,000 - - AFR 1,000,000,000 - - SWR 1,000,000,000 - - AAR 1,000,000,000 - - ANZ 1,000,000,000 - - VOZ 1,000,000,000 - - AUA 1,000,000,000 - - BKP 1,000,000,000 - - JAL 1,000,000,000 - - JAA 1,000,000,000 - - JAT 1,000,000,000 - - HAD 1,000,000,000 - - AXM 1,000,000,000 - - KLM 1,000,000,000 - - VRD 1,000,000,000 - - BAW 92,818,181,818 - - FIN 1,000,000,000 - - VIR 1,000,000,000 - - CRK 1,000,000,000 - - NAX 1,000,000,000 - - ACA 1,000,000,000 - - CSN 1,000,000,000 - - AEE 1,000,000,000 - - MAS 1,000,000,000 - - DAL 92,818,181,818 - - KAL 1,000,000,000 - - CAL 1,000,000,000 - - EZY 1,000,000,000 - - SLK 1,000,000,000 - - AFL 1,000,000,000 - - SAA 1,000,000,000 - - CES 1,000,000,000 - - GFA 1,000,000,000 - - ICE 1,000,000,000 - - SVA 1,000,000,000 - - PAL 1,000,000,000 - - EGF 1,000,000,000 - - KQA 1,000,000,000 - - DTA 1,000,000,000 - - CCA 1,000,000,000 - - TSC 1,000,000,000 - - ANE 1,000,000,000 - - DKH 1,000,000,000 - - FJI 1,000,000,000 - - LOTP 1,000,000,000 - - CAW 1,000,000,000 - - AMX 1,000,000,000 - - RBA 1,000,000,000 - - GCRC 1,000,000,000 - - TGW 1,000,000,000 - - MNO 1,000,000,000 - - RJA 1,000,000,000 - - SEJ 1,000,000,000 - - WOWN 1,000,000,000 - - SW 1,000,000,000 - - FS 1,000,000,000 - - RT 1,000,000,000 - - BW 1,000,000,000 - - JJ 1,000,000,000 - - MC 1,000,000,000 - - HH 1,000,000,000 - - IC 1,000,000,000 - - CH 92,818,181,818 - - WY 1,000,000,000 - - Total $ 214,264,073 Reserve 145,372,484 Carrying Value $ 68,891,590 |
Discontinued Operations (Tables
Discontinued Operations (Tables) | 3 Months Ended |
Jul. 31, 2020 | |
Discontinued Operations | |
Schedule of Discontinued Operation | 2020 2019 Other income (loss) $ (211,839 ) $ (11,583 ) Total income (expense) from discontinued operations $ (211,839 ) $ (11,583 ) |
NonGAAP Accounting and GAAP Rec
NonGAAP Accounting and GAAP Reconciliation Net Income and EBITDA (Tables) | 3 Months Ended |
Jul. 31, 2020 | |
Non-GAAP Accounting and GAAP Reconciliation - Net Income and EBITDA | |
Schedule of NonGAAP Consolidated Statements of Operations | Adjusted Net Income (unaudited) For the three months ended July 31, 2020 2019 Revenue $ - $ 497,400 Merchandise - 222,716 Commissions - 10,140 Merchant fees, shipping, and other costs - 12,597 Amortization and depreciation as a COG - - Total Cost of Sales - 245,453 Gross Profit - 251,947 Selling, general, and administrative 5,052 129,061 Professional fees 4,176 18,594 Marketing & advertising 1,359 35,697 Consultant fees - 103,957 Total operating expenses 10,587 287,309 Income (Loss) from operations $ (10,587 ) $ (35,362 ) |
Schedule of Reconciliation | Adjusted Net Income Reconciliation For the three months ended July 31, 2020 2019 CONSOLIDATED STATEMENT of OPERATIONS: Net Income (Loss) 57,234,367 (320,423 ) Interest - - Depreciation and Amortization 48,133 69,795 EBITDA 57,282,500 (250,628 ) Stock based compensation 3,720,000 108,000 Gains not in ordinary course of business (61,234,926 ) 95,683 Adjustments for discontinued operations 221,839 11,583 Adjusted net income (10,587 ) (35,362 ) |
Organization and Basis of Pre_2
Organization and Basis of Presentation (Details Narrative) | May 14, 2020 |
CoinQX Exchange Limited [Member] | |
Acquisition percentage | 100.00% |
First Bitcoin Capital, LLC [Member] | |
Acquisition percentage | 100.00% |
420Wifi.com,llc [Member] | |
Acquisition percentage | 100.00% |
D'BOT Technology Corp [Member] | |
Acquisition percentage | 100.00% |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Details Narrative) - USD ($) | Jul. 31, 2020 | Apr. 30, 2020 |
Summary of Significant Accounting Policies | ||
Federally insured limit | $ 250,000 | |
Federally insured limit, excess | $ 0 | $ 0 |
Intangible Assets (Details)
Intangible Assets (Details) - USD ($) | 3 Months Ended | 12 Months Ended |
Jul. 31, 2020 | Apr. 30, 2020 | |
Intangible assets, Gross Carrying Amount | $ 69,944,272 | $ 743,933 |
Intangible Assets, Accumulated Amortization | 620,114 | 343,896 |
Total Net Carrying Amount | 69,324,158 | 400,037 |
California cannabis license [Member] | ||
Finite Lived intangible assets, gross carrying amount | 228,085 | 228,085 |
Finite Lived intangible assets, accumulated amortization | 228,085 | 0 |
Finite Lived intangible assets, Net Carrying Amount | 0 | $ 228,085 |
Noncurrent cryptocurrencies [Member] | ||
Finite Lived intangible assets, gross carrying amount | 68,891,589 | |
Finite Lived intangible assets, accumulated amortization | 0 | |
Finite Lived intangible assets, Net Carrying Amount | $ 68,891,589 | |
Trademarks [Member] | ||
Finite Lived intangible assets,Weighted Average Useful Life (in years) | 3 years | 3 years |
Finite Lived intangible assets, gross carrying amount | $ 400,000 | $ 400,000 |
Finite Lived intangible assets, accumulated amortization | 299,997 | 266,664 |
Finite Lived intangible assets, Net Carrying Amount | $ 100,003 | $ 133,336 |
Patents [Member] | ||
Finite Lived intangible assets,Weighted Average Useful Life (in years) | 15 years | |
Finite Lived intangible assets, gross carrying amount | $ 308,750 | |
Finite Lived intangible assets, accumulated amortization | 5,146 | |
Finite Lived intangible assets, Net Carrying Amount | $ 303,604 | |
Domains [Member] | ||
Finite Lived intangible assets,Weighted Average Useful Life (in years) | 3 years | 3 years |
Finite Lived intangible assets, gross carrying amount | $ 115,848 | $ 115,848 |
Finite Lived intangible assets, accumulated amortization | 86,886 | 77,232 |
Finite Lived intangible assets, Net Carrying Amount | $ 28,962 | $ 38,616 |
Cost Basis Investments (Details
Cost Basis Investments (Details) - USD ($) | Oct. 31, 2019 | Apr. 30, 2019 |
Total acquisition cost and Cost basis investment | $ 1,010,902 | $ 272,945 |
BRRX Management Joint Venture [Member] | ||
Total acquisition cost and Cost basis investment | 0 | 200,778 |
Redfern BioSystems, Inc. [Member] | ||
Total acquisition cost and Cost basis investment | 9,949 | 9,949 |
SinglePoint, Inc. [Member] | ||
Total acquisition cost and Cost basis investment | 28,000 | 0 |
Medical Cannabis Payment Solutions, Inc [Member] | ||
Total acquisition cost and Cost basis investment | 11,800 | 0 |
Petroteq Energy Inc. [Member] | ||
Total acquisition cost and Cost basis investment | 10,125 | 0 |
Digital Asset Monetary [Member] | ||
Total acquisition cost and Cost basis investment | 500,000 | 0 |
Kronos Advanced Technologies, Inc. [Member] | ||
Total acquisition cost and Cost basis investment | 422,500 | 0 |
Stony Hill Corp, net [Member] | ||
Total acquisition cost and Cost basis investment | $ 28,528 | $ 62,218 |
Cost Basis Investments (Detai_2
Cost Basis Investments (Details Narrative) - USD ($) | Jul. 31, 2020 | Apr. 30, 2020 |
Cost Basis Investments | ||
Investments | $ 72,168 | $ 501,031 |
Acquisitions (Details)
Acquisitions (Details) - USD ($) | May 15, 2020 | Jul. 31, 2020 | Apr. 30, 2020 | Jul. 31, 2019 | Apr. 30, 2019 |
Cash | $ 1,738 | $ 24,695 | $ 195,439 | $ 281,831 | |
Interest receivable | 25,058 | 0 | |||
Cost basis investments | 1,010,902 | $ 272,945 | |||
Stock issued as part of purchase | 10,120,000 | ||||
First Bitcoin Capital Corp [Member] | |||||
Cash | 800 | ||||
Patent | 308,750 | ||||
Interest receivable | 25,058 | ||||
Notes receivable | 1,191,307 | ||||
Cost basis investments | 972,425 | ||||
Non-current digital assets | 214,264,073 | ||||
Total assets acquired | 216,762,413 | ||||
Reserve for devaluation | 145,372,485 | ||||
Total liabilities assumed | 145,372,485 | ||||
Net acquisition assets | 71,389,929 | ||||
Common Stock issued as part of acquisition (100,000,000) | 2,530,000 | ||||
Preferred Stock issued as part of acquisition (90,000,000) | 22,770,000 | ||||
Total Purchase Price | $ 10,200,000 | 25,300,000 | |||
Reserve for unissued stock | 15,180,000 | ||||
Stock issued as part of purchase | 10,120,000 | ||||
Net acquisition assets, total purchase price | 71,389,929 | ||||
Gain on Assets | $ 61,269,929 |
Acquisitions (Details Narrative
Acquisitions (Details Narrative) - USD ($) | May 15, 2020 | Jul. 31, 2020 | Apr. 30, 2020 |
Common stock shares issued | 771,874,596 | 505,374,596 | |
Shares Issued, Par Value | $ 0.0001 | $ 0.0001 | |
Preferred stock shares issued | 33,350,000 | 3,350,000 | |
Series A Preferred Shares [Member] | |||
Preferred stock shares reserved for future issuance | 60,000,000 | ||
Preferred stock shares issued | 30,000,000 | ||
First Bitcoin Capital Corp [Member] | |||
Common stock shares issued | 100,000,000 | ||
Shares Issued, Par Value | $ 0.03 | ||
Total Purchase Price | $ 10,200,000 | $ 25,300,000 |
Related Parties and Related P_2
Related Parties and Related Party Transactions (Details Narrative) - USD ($) | 3 Months Ended | |
Jul. 31, 2020 | Apr. 30, 2020 | |
Due to related party | $ 8,728 | $ 110,923 |
Mr. Rosenberg [Member] | ||
Common stock shares issued for services | 80,000,000 | |
Due to related party | $ 6,759 | $ 110,922 |
Expenses paid on behalf of related party | 50,029 | |
Payments on related party | $ 154,193 |
Cryptocurrency Assets (Details)
Cryptocurrency Assets (Details) | 3 Months Ended |
Jul. 31, 2020USD ($) | |
Digital Currencies Recorded [Member] | |
Digital currencies recorded at cost, Additions | $ 68,890,968 |
Digital currencies recorded at cost, Disposals | 0 |
Digital currencies recorded at cost, Decrease in valuation | 0 |
Balance July 31, 2020 | 68,890,968 |
Digital Currencies Measured [Member] | |
Balance, April 30, 2020 | 0 |
Digital currencies measured at fair value, Additions | 106,724,290 |
Digital currencies measured at fair value, Disposals | 0 |
Digital currencies measured at fair value, Decrease in valuation | 0 |
Balance July 31, 2020 | $ 106,724,290 |
Cryptocurrency Assets (Details
Cryptocurrency Assets (Details 1) | Jul. 31, 2020USD ($)integer$ / shares |
Reserve | $ | $ 145,372,484 |
Carrying Value | $ | 68,891,590 |
Total cost | $ | $ 214,264,073 |
TGW [Member] | |
Number of currencies | 1,000,000,000 |
UAE [Member] | |
Number of currencies | 1,000,000,000 |
JJ [Member] | |
Number of currencies | 1,000,000,000 |
SEJ [Member] | |
Number of currencies | 1,000,000,000 |
WOWN [Member] | |
Number of currencies | 1,000,000,000 |
SW [Member] | |
Number of currencies | 1,000,000,000 |
FS [Member] | |
Number of currencies | 1,000,000,000 |
RT [Member] | |
Number of currencies | 1,000,000,000 |
BW [Member] | |
Number of currencies | 1,000,000,000 |
MC [Member] | |
Number of currencies | 1,000,000,000 |
HH [Member] | |
Number of currencies | 1,000,000,000 |
IC [Member] | |
Number of currencies | 1,000,000,000 |
CH [Member] | |
Number of currencies | 92,818,181,818 |
WY [Member] | |
Number of currencies | 1,000,000,000 |
First Bitcoin (BIT) [Member] | |
Total cost | $ | $ 68,890,968 |
Number of currencies | 17,099,497,315 |
Cost per Currency | $ / shares | $ 0.004029 |
President Trump (PRES) [Member] | |
Total cost | $ | $ 145,372,484 |
Number of currencies | 55,869,517,129 |
KiloCoin (KLC) [Member] | |
Number of currencies | 998,560,007 |
TeslaCoilCoin (TESLA) [Member] | |
Total cost | $ | $ 622 |
Number of currencies | 3,988,609 |
Siacoin (SC) [Member] | |
Number of currencies | 342,348 |
Alphabit (ABC) [Member] | |
Number of currencies | 199,999,982 |
Perkscoin [Member] | |
Number of currencies | 2,083,333 |
RJA [Member] | |
Number of currencies | 1,000,000,000 |
MNO [Member] | |
Number of currencies | 1,000,000,000 |
President Johnson (GARY) [Member] | |
Number of currencies | 54,987,192,536 |
Hillary (HILL) [Member] | |
Number of currencies | 55,967,772,167 |
BURN [Member] | |
Number of currencies | 55,968,072,167 |
Bitcoin Futures (XBU) [Member] | |
Number of currencies | 8,977,777 |
Altcoin (ALT) [Member] | |
Number of currencies | 10,888 |
OTC Coin [Member] | |
Number of currencies | 19,996,895,800 |
BPU [Member] | |
Number of currencies | 8,999,000 |
BPL [Member] | |
Number of currencies | 8,999,000 |
BCN [Member] | |
Number of currencies | 8,999,000 |
BXT [Member] | |
Number of currencies | 8,999,000 |
XBC [Member] | |
Number of currencies | 8,999,000 |
XOM [Member] | |
Number of currencies | 4,090,505 |
WEED [Member] | |
Number of currencies | 77,141,332 |
Fly (LOYAL) [Member] | |
Number of currencies | 2,254,750,118 |
Catalan Coin [Member] | |
Number of currencies | 92,233,720,368 |
OPRAH [Member] | |
Number of currencies | 1,266,805,361 |
HERB [Member] | |
Number of currencies | 888,888,888 |
MoshiachCoin [Member] | |
Number of currencies | 379,164 |
HEMP [Member] | |
Number of currencies | 100,000,000 |
MaidSafeCoin (MAID) [Member] | |
Number of currencies | 71 |
GFA [Member] | |
Number of currencies | 1,000,000,000 |
AAL [Member] | |
Number of currencies | 91,818,181,818 |
UAL [Member] | |
Number of currencies | 91,818,181,818 |
FFT [Member] | |
Number of currencies | 91,818,181,818 |
HAL [Member] | |
Number of currencies | 91,818,181,818 |
SWA [Member] | |
Number of currencies | 91,818,181,818 |
PURPOSE [Member] | |
Number of currencies | 92,000,000,000 |
QTR [Member] | |
Number of currencies | 1,000,000,000 |
SIA [Member] | |
Number of currencies | 1,000,000,000 |
CPA [Member] | |
Number of currencies | 1,000,000,000 |
ANA [Member] | |
Number of currencies | 1,000,000,000 |
KZR [Member] | |
Number of currencies | 1,000,000,000 |
HVN [Member] | |
Number of currencies | 1,000,000,000 |
LAN [Member] | |
Number of currencies | 1,000,000,000 |
OMA [Member] | |
Number of currencies | 1,000,000,000 |
JST [Member] | |
Number of currencies | 1,000,000,000 |
POE [Member] | |
Number of currencies | 1,000,000,000 |
XAX [Member] | |
Number of currencies | 1,000,000,000 |
EIN [Member] | |
Number of currencies | 1,000,000,000 |
WJA [Member] | |
Number of currencies | 1,000,000,000 |
IGO [Member] | |
Number of currencies | 1,000,000,000 |
IBE [Member] | |
Number of currencies | 1,000,000,000 |
JBU [Member] | |
Number of currencies | 92,818,181,818 |
JSA [Member] | |
Number of currencies | 1,000,000,000 |
AZU [Member] | |
Number of currencies | 1,000,000,000 |
AVA [Member] | |
Number of currencies | 1,000,000,000 |
TAM [Member] | |
Number of currencies | 1,000,000,000 |
AZA [Member] | |
Number of currencies | 1,000,000,000 |
AFG [Member] | |
Number of currencies | 1,000,000,000 |
DAT [Member] | |
Number of currencies | 1,000,000,000 |
ASA [Member] | |
Number of currencies | 1,000,000,000 |
SCO [Member] | |
Number of currencies | 1,000,000,000 |
SAS [Member] | |
Number of currencies | 1,000,000,000 |
SEY [Member] | |
Number of currencies | 1,000,000,000 |
TAP [Member] | |
Number of currencies | 1,000,000,000 |
TOM [Member] | |
Number of currencies | 1,000,000,000 |
CMP [Member] | |
Number of currencies | 1,000,000,000 |
AHY [Member] | |
Number of currencies | 1,000,000,000 |
JAI [Member] | |
Number of currencies | 1,000,000,000 |
MAU [Member] | |
Number of currencies | 1,000,000,000 |
BER [Member] | |
Number of currencies | 1,000,000,000 |
EWG [Member] | |
Number of currencies | 1,000,000,000 |
EYH [Member] | |
Number of currencies | 1,000,000,000 |
APJ [Member] | |
Number of currencies | 1,000,000,000 |
ETD [Member] | |
Number of currencies | 1,000,000,000 |
THY [Member] | |
Number of currencies | 1,000,000,000 |
EVA [Member] | |
Number of currencies | 1,000,000,000 |
QFA [Member] | |
Number of currencies | 1,000,000,000 |
DLH [Member] | |
Number of currencies | 1,000,000,000 |
GIA [Member] | |
Number of currencies | 1,000,000,000 |
CHH [Member] | |
Number of currencies | 92,818,181,818 |
THA [Member] | |
Number of currencies | 1,000,000,000 |
AFR [Member] | |
Number of currencies | 1,000,000,000 |
SWR [Member] | |
Number of currencies | 1,000,000,000 |
AAR [Member] | |
Number of currencies | 1,000,000,000 |
ANZ [Member] | |
Number of currencies | 1,000,000,000 |
VOZ [Member] | |
Number of currencies | 1,000,000,000 |
AUA [Member] | |
Number of currencies | 1,000,000,000 |
BKP [Member] | |
Number of currencies | 1,000,000,000 |
JAL [Member] | |
Number of currencies | 1,000,000,000 |
JAA [Member] | |
Number of currencies | 1,000,000,000 |
JAT [Member] | |
Number of currencies | 1,000,000,000 |
HAD [Member] | |
Number of currencies | 1,000,000,000 |
AXM [Member] | |
Number of currencies | 1,000,000,000 |
VRD [Member] | |
Number of currencies | 1,000,000,000 |
BAW [Member] | |
Number of currencies | 92,818,181,818 |
FIN [Member] | |
Number of currencies | 1,000,000,000 |
CRK [Member] | |
Number of currencies | 1,000,000,000 |
VIR [Member] | |
Number of currencies | 1,000,000,000 |
NAX [Member] | |
Number of currencies | 1,000,000,000 |
ACA [Member] | |
Number of currencies | 1,000,000,000 |
CSN [Member] | |
Number of currencies | 1,000,000,000 |
AEE [Member] | |
Number of currencies | 1,000,000,000 |
MAS [Member] | |
Number of currencies | 1,000,000,000 |
KLM [Member] | |
Number of currencies | 1,000,000,000 |
DAL [Member] | |
Number of currencies | 92,818,181,818 |
KAL [Member] | |
Number of currencies | 1,000,000,000 |
CAL [Member] | |
Number of currencies | 1,000,000,000 |
EZY [Member] | |
Number of currencies | 1,000,000,000 |
SLK [Member] | |
Number of currencies | 1,000,000,000 |
AFL [Member] | |
Number of currencies | 1,000,000,000 |
SAA [Member] | |
Number of currencies | 1,000,000,000 |
CES [Member] | |
Number of currencies | 1,000,000,000 |
ICE [Member] | |
Number of currencies | 1,000,000,000 |
SVA [Member] | |
Number of currencies | 1,000,000,000 |
PAL [Member] | |
Number of currencies | 1,000,000,000 |
EGF [Member] | |
Number of currencies | 1,000,000,000 |
KQA [Member] | |
Number of currencies | 1,000,000,000 |
DTA [Member] | |
Number of currencies | 1,000,000,000 |
CCA [Member] | |
Number of currencies | 1,000,000,000 |
TSC [Member] | |
Number of currencies | 1,000,000,000 |
ANE [Member] | |
Number of currencies | 1,000,000,000 |
DKH [Member] | |
Number of currencies | 1,000,000,000 |
FJI [Member] | |
Number of currencies | 1,000,000,000 |
LOTP [Member] | |
Number of currencies | 1,000,000,000 |
CAW [Member] | |
Number of currencies | 1,000,000,000 |
AMX [Member] | |
Number of currencies | 1,000,000,000 |
RBA [Member] | |
Number of currencies | 1,000,000,000 |
GCRC [Member] | |
Number of currencies | 1,000,000,000 |
Discontinued Operations (Detail
Discontinued Operations (Details) - USD ($) | 3 Months Ended | |
Jul. 31, 2020 | Jul. 31, 2019 | |
Discontinued Operations | ||
Other income (loss) | $ (211,839) | $ (11,583) |
Total income (expense) from discontinued operations | $ (211,839) | $ (11,583) |
NonGAAP Accounting and GAAP R_2
NonGAAP Accounting and GAAP Reconciliation Net Income and EBITDA Schedule of NonGAAP Consolidated Statements of Operations (Details) - USD ($) | 3 Months Ended | |
Jul. 31, 2020 | Jul. 31, 2019 | |
Revenue | $ 0 | $ 497,400 |
Merchandise | 0 | 222,716 |
Commissions | 0 | 10,140 |
Merchant fees, shipping, and other costs | 0 | 12,597 |
Amortization and depreciation as a COG | 0 | 0 |
Total Cost of Sales | 0 | 245,453 |
Gross Profit | 0 | 251,947 |
Selling, general, and administrative | 5,052 | 129,061 |
Professional Fees | 4,176 | 18,594 |
Marketing & advertising | 1,359 | 35,697 |
Consultant Fees | 0 | 103,957 |
Total operating expenses | 3,778,720 | 468,256 |
Income (Loss) from operations | (3,778,720) | (216,309) |
Adjusted Net Income Reconciliation [Member] | ||
Revenue | 0 | 497,400 |
Merchandise | 0 | 222,716 |
Commissions | 0 | 10,140 |
Merchant fees, shipping, and other costs | 0 | 12,597 |
Amortization and depreciation as a COG | 0 | 0 |
Total Cost of Sales | 0 | 245,453 |
Gross Profit | 0 | 251,947 |
Selling, general, and administrative | 5,052 | 129,061 |
Professional Fees | 4,176 | 18,594 |
Marketing & advertising | 1,359 | 35,697 |
Consultant Fees | 0 | 103,957 |
Total operating expenses | 10,587 | 287,309 |
Income (Loss) from operations | $ (10,587) | $ (35,362) |
NonGAAP Accounting and GAAP R_3
NonGAAP Accounting and GAAP Reconciliation Net Income and EBITDA Schedule of NonGAAP Consolidated Statements of Operations (Details 1) - USD ($) | 3 Months Ended | |
Jul. 31, 2020 | Jul. 31, 2019 | |
Net Income (Loss) | $ 57,244,367 | $ (320,423) |
Depreciation and Amortization | 48,133 | 69,795 |
Stock based compensation | 3,720,000 | 108,000 |
Adjustments for discontinued operations | (211,839) | (11,583) |
Adjusted Net Income Reconciliation [Member] | ||
Net Income (Loss) | 57,234,367 | (320,423) |
Interest | 0 | 0 |
Depreciation and Amortization | 48,133 | 69,795 |
EBITDA | 57,282,500 | (250,628) |
Stock based compensation | 3,720,000 | 108,000 |
Gains not in ordinary course of business | (61,234,926) | 95,683 |
Adjustments for discontinued operations | 221,839 | 11,583 |
Adjusted net income | $ (10,587) | $ (35,362) |
Stockholders Equity (Details Na
Stockholders Equity (Details Narrative) - USD ($) | 1 Months Ended | |||||
Apr. 29, 2020 | Jul. 31, 2020 | Jul. 20, 2020 | May 15, 2020 | May 14, 2020 | Apr. 30, 2020 | |
Common Stock, Par Value | $ 0.0001 | $ 0.0001 | ||||
Common Stock, Shares Authorized | 2,000,000,000 | 2,000,000,000 | ||||
Common Stock, Shares issued | 771,874,596 | 505,374,596 | ||||
Common Stock, Shares outstanding | 771,874,596 | 505,374,596 | ||||
Preferred Stock, Par Value | $ 0.0001 | $ 0.0001 | ||||
Preferred Stock, Shares Authorized | 100,000,000 | 100,000,000 | ||||
Preferred Stock, Share issued | 33,350,000 | 4,350,000 | ||||
Preferred Stock, Shares outstanding | 33,350,000 | 3,350,000 | ||||
Preferred Stock, Series A, Designated | 100,000,000 | 100,000,000 | ||||
Overwatch Partners, Inc. [Member] | ||||||
Common Stock, Shares issued | 50,000,000 | |||||
OBITX, Inc. [Member] | ||||||
Conversion of stock description | BOTS may not convert the Series B Preferred shares into common shares until 24 months have expired from the transaction. | |||||
Preferred stock, Debt Conversion, Converted Instrument, Shares Issued | 500,000 | |||||
Common stock, Conversion of Stock, Shares Converted | 5,000,000 | |||||
APO Holdings, LLC [Member] | ||||||
Common Stock, Shares issued | 15,000,000 | |||||
Debt outstanding | $ 58,706 | |||||
Paul Rosenberg [Member] | ||||||
Common Stock, Shares issued | 80,000,000 | |||||
Carl G Hawkins [Member] | ||||||
Common Stock, Shares issued | 10,000,000 | |||||
Thomas G Amon [Member] | ||||||
Common Stock, Shares issued | 10,000,000 | |||||
First Bitcoin Capital, Inc. [Member] | ||||||
Common Stock, Shares issued | 100,000,000 | |||||
Preferred Stock, Share issued | 20,000,000 | 4,350,000 | ||||
Preferred Stock, Shares issued against stock based compensation | 10,000,000 | |||||
Andrus Nomm [Member] | ||||||
Common Stock, Shares issued | 1,000,000 | |||||
Levent Can Ersoydan [Member] | ||||||
Common Stock, Shares issued | 500,000 |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) - Subsequent Event [Member] | 1 Months Ended | ||
Nov. 24, 2020shares | Nov. 23, 2020shares | Sep. 30, 2020USD ($)integer | |
Outstanding note receivable | $ | $ 218,257 | ||
Number of Bit token received | integer | 27,000,000 | ||
George L Richard III [Member] | |||
Common shares issued | 1,000,000 | ||
OTC Investments, LLC [Member] | |||
Common shares issued | 1,000,000 | ||
Moneta Equitiess, LLC [Member] | |||
Common shares issued | 1,000,000 | ||
Cyber Security Group, LLC [Member] | |||
Common shares issued | 1,000,000 |