Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Mar. 31, 2019 | Jul. 09, 2019 | Sep. 30, 2018 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Annual Report | true | ||
Document Period End Date | Mar. 31, 2019 | ||
Current Fiscal Year End Date | --03-31 | ||
Entity File Number | 333-188920 | ||
Entity Registrant Name | Intellisense Solutions Inc. | ||
Entity Central Index Key | 0001577445 | ||
Entity Incorporation, State or Country Code | NV | ||
Entity Address, Address Line One | 20 Raoul Wallenberg St | ||
Entity Address, City or Town | Tel Aviv | ||
Entity Address, State or Province | NV | ||
Entity Address, Country | IL | ||
Entity Address, Postal Zip Code | 6971916 | ||
Local Phone Number | (480) 659-6404 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | true | ||
Elected Not To Use the Extended Transition Period | true | ||
Entity Shell Company | true | ||
Entity Public Float | $ 0 | ||
Entity Common Stock, Shares Outstanding | 2,574,480 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2019 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Mar. 31, 2019 | Mar. 31, 2018 |
Current assets: | ||
Cash and cash equivalents | $ 26,322 | $ 10,153 |
Total assets | 26,322 | 10,153 |
Current liabilities: | ||
Accounts payable and accrued expenses | 27,928 | |
Accounts payable to related party | 28,167 | 3,530 |
Notes payable | 170,000 | 51,000 |
Total current liabilities | 198,167 | 82,458 |
Stockholders' equity (deficit): | ||
Common stock, $0.001 par value; 75,000,000 shares authorized, 2,529,680 issued and outstanding, respectively | 2,529 | 2,529 |
Additional paid-in capital | 70,619 | 70,619 |
Accumulated deficit | (244,993) | (145,453) |
Total stockholders' (deficit) | (171,845) | (72,305) |
Total liabilities and stockholders' (deficit) | $ 26,322 | $ 10,153 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Mar. 31, 2019 | Mar. 31, 2018 |
Statement of Financial Position [Abstract] | ||
Common stock, par value per share | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 75,000,000 | 75,000,000 |
Common stock, shares issued | 2,529,680 | 2,529,680 |
Common stock, shares outstanding | 2,529,680 | 2,529,680 |
Consolidated Statements Of Oper
Consolidated Statements Of Operations - USD ($) | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
OPERATING EXPENSES | ||
Professional fees | $ 89,760 | $ 19,709 |
General & administrative | 1,737 | 3,664 |
Total operating expenses | 91,497 | 23,373 |
OTHER (EXPENSE): | ||
Interest expense | 8,043 | 4,602 |
Total other expense | (8,043) | (4,602) |
NET (LOSS) | $ (99,540) | $ (27,975) |
BASIC AND DILUTED NET (LOSS) PER SHARE | $ (0.04) | $ (0.01) |
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING | 2,529,680 | 2,529,680 |
Consolidated Statements Of Shar
Consolidated Statements Of Shareholders Equity (Deficit) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Deficit [Member] | Total |
Balance, shares at Mar. 31, 2017 | 2,529,680 | |||
Balance, value at Mar. 31, 2017 | $ 2,529 | $ 70,619 | $ (117,478) | $ (44,330) |
Net income (loss) | (27,975) | $ (27,975) | ||
Balance, shares at Mar. 31, 2018 | 2,529,680 | 2,529,680 | ||
Balance, value at Mar. 31, 2018 | $ 2,529 | 70,619 | (145,453) | $ (72,305) |
Net income (loss) | (99,540) | $ (99,540) | ||
Balance, shares at Mar. 31, 2019 | 2,529,680 | 2,529,680 | ||
Balance, value at Mar. 31, 2019 | $ 2,529 | $ 70,619 | $ (244,993) | $ (171,845) |
Consolidated Statements Of Cash
Consolidated Statements Of Cash Flows - USD ($) | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net (loss) | $ (99,540) | $ (27,975) |
Changes in operating assets and liabilities: | ||
Accounts payable and accrued liabilities | (27,928) | 4,654 |
Accounts payable to related party | 24,637 | 464 |
Due to related party | (650) | |
Net cash used in operating activities | (102,831) | (23,507) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Repayments on notes payable | 51,000 | |
Proceeds from related party notes payable | 170,000 | |
Proceeds from notes payable | 31,000 | |
Net cash provided by financing activities | 119,000 | 31,000 |
NET CHANGE IN CASH | 16,169 | 7,493 |
CASH AT BEGINNING OF PERIOD | 10,153 | 2,660 |
CASH AT END OF PERIOD | 26,322 | 10,153 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||
Cash paid for: Interest | 9,013 | |
Cash paid for: Income taxes | 9,013 | |
NONCASH INVESTING AND FINANCIAL ACTIVITIES | ||
Due to related party | $ 650 |
Nature Of Operations And Basis
Nature Of Operations And Basis Of Presentation | 12 Months Ended |
Mar. 31, 2019 | |
Nature Of Operations And Basis Of Presentation | |
Nature of Operations and Basis of Presentation | NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION Intellisense Solutions Inc. (the “Company”) was incorporated under the laws of the State of Nevada on March 22, 2013. The Company was initially engaged in the business of developing web portals to allow companies and individuals to engage in the purchase and sales of vegetarian food products over the Internet. However, the Company never achieved commercial sales or developed any significant operations and is pursuing acquiring or merging with an entity with significant operations in order to create a viable business model and value for our shareholders. January 10, 2019 an Israeli corporation was formed by the name of Canna Patch Ltd. (“Canna Patch”), 90% of its shares were allocated to Intellisense, Inc. (the “Company”) and 10% of its shares to Mr. Rafael Ezra, CTO of Canna Patch Ltd. Canna Patch entered into a Research and Option Agreement (the “Agreement”) with Yissum Research Development Company of Hebrew University of Jerusalem Ltd. (“Yissum”), effective March 21, 2019. Pursuant to the Agreement, Canna Patch will fund a feasibility study (the “Study”) in the aggregate amount of $94,500 plus VAT relating to Yissum’s research concerning the development of a cannabis patch. The Study will be conducted in two stages, each of six months duration, with $23,625 to be paid on each of March 21, 2019 and three months thereafter during the first stage. Based upon the results of an interim study report (the “Interim Report”) at the end of the first stage, Canna Patch may determine whether to continue funding stage two whereupon Canna Patch will pay an additional $23,625 on the commencement of stage two and three months thereafter. In consideration for such financing, Canna Patch will have the option (the “Option”) for an exclusive, worldwide license to all work product and results of the Study, including all intellectual property in the field of systemic and trans-dermal and trans-mucosal delivery of cannabinoids using exudates-based formulations. If Canna Patch exercises the Option, it will be responsible for the costs of any patent filings, maintenance and prosecution. Basis of Presentation The accompanying financial statements have been prepared in accordance with United States generally accepted accounting principles (“US GAAP”) for financial information and in accordance with Securities and Exchange Commission’s Regulation S-X. Going Concern As of March 31, 2019, the accompanying audited financial statements have been presented on the basis that it is a going concern which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has an accumulated deficit of $244,993 and negative working capital of $171,845. Presently, the Company does not have sufficient cash resources to meet its plans in the twelve months following March 31, 2019. In view of these matters, recoverability of any asset amounts shown in the accompanying audited financial statements is dependent upon the Company's ability to begin operations and to achieve a level of profitability. These factors raise substantial doubt about the Company's ability to continue as a going concern. The Company has financed its activities principally from the sale of equity securities and related party loans. The Company intends on financing its future development activities and its working capital needs largely from loans and the sale of public equity securities with some additional funding from other traditional financing sources until such time that funds provided by operations are sufficient to fund working capital requirements. |
Significant Accounting Policies
Significant Accounting Policies | 12 Months Ended |
Mar. 31, 2019 | |
Significant Accounting Policies | |
Significant Accounting Policies | Note 2 – Significant Accounting Policies This summary of significant accounting policies is presented to assist the reader in understanding and evaluating the Company’s financial statements. These accounting policies conform to generally accepted accounting principles and have been consistently applied in the preparation of the financial statements. Cash and Cash Equivalents Cash and cash equivalents as of March 31, 2019 and 2018 included cash on-hand. Cash equivalents are considered all accounts with an original maturity date within 90 days. Use of Estimates The preparation of the financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. The current economic environment has increased the degree and uncertainty inherent in these estimates and assumptions. Consolidation of Subsidiaries Subsidiaries are all entities (including structured entities) over which the Group has control. The Group controls an entity when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are deconsolidated from the date that control ceases. The Group applies the acquisition method to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair values of the assets transferred, the liabilities incurred to the former owners of the acquiree and the equity interests issued by the Group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. The Group recognises any non-controlling interest in the acquiree on an acquisition-by-acquisition basis, either at fair value or at the non-controlling interest’s proportionate share of the recognised amounts of acquiree’s identifiable net assets. Income Tax Provision The Company uses the liability method of accounting for income taxes under the asset and liability method prescribed under ASC 740, Income Taxes . The Company expects to recognize the financial statement benefit of an uncertain tax position only after considering the probability that a tax authority would sustain the position in an examination. For tax positions meeting a “more-likely-than-not” threshold, the amount to be recognized in the financial statements will be the benefit expected to be realized upon settlement with the tax authority. For tax positions not meeting the threshold, no financial statement benefit is recognized. As of March 31, 2019, the Company had no uncertain tax positions. The Company recognizes interest and penalties, if any, related to uncertain tax positions as general and administrative expenses. The Company currently has no federal tax examinations nor has it had any federal income tax penalties since its inception. Net Income (Loss) Per Share Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted-average common shares outstanding. Diluted net income per share is calculated by dividing net income by the weighted-average common shares outstanding during the period using the treasury stock method or the two-class method, whichever is more dilutive. The Company had no potentially dilutive securities. Therefore, basic and dilutive net income (loss) per share were the same. Related Party Transactions The Company follows ASC 850, Related Party Disclosures Recent Accounting Pronouncements Management does not believe that any recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying financial statements. |
Notes Payable
Notes Payable | 12 Months Ended |
Mar. 31, 2019 | |
Notes Payable | |
Notes Payable | Note 3 – NOTES PAYABLE Notes payable – Short-term consisted of the following as of: March 31, 2019 March 31, 2018 Note payable, 12% interest per annum, due on August 8, 2016. Note is in default and unsecured. $ — $ 10,000 Note payable, 12% interest per annum, due on August 27, 2016. Note is in default and unsecured. — 10,000 Note payable, 8% interest per annum, due on May 18, 2018. Note is unsecured — 10,000 Note payable, 8% interest per annum, due on June 30, 2018. Note is unsecured. — 11,000 Note payable, 12% interest per annum, due on July 10, 2018. Note is unsecured. — 10,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 15,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 15,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 15,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 15,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 15,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 10,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 10,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 10,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 10,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 10,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 10,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 10,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 10,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 15,000 — $ 170,000 $ 51,000 On May 15, 2018, the Company entered into a first amendment to the convertible promissory note agreement with Trius Holdings Limited. This agreement will become due and payable in whole on or before May 17, 2019. On June 6, 2018, the Company entered into promissory notes with five investors, Amir Uziel, Lavi Krasney, L.I.A. Pure Capital Ltd., Nir Reinhold and Yaad Consulting & Management Services (1995) Ltd, for $15,000 each, totaling $75,000. The notes accrue interest at a rate of 8% per annum and are each due on September 30, 2019 (original maturity date of December 5, 2018 was extended on November 15, 2018 and again on May 1, 2019). These note holders are considered to be related parties due to their influence. On November 2, 2018, the Company entered into promissory notes with five investors, Amir Uziel, Lavi Krasney, L.I.A. Pure Capital Ltd., Nir Reinhold and Attibute Ltd, for $10,000 each, totaling $50,000. The notes accrue interest at a rate of 8% per annum and are each due on September 30, 2019 (original maturity date of May 1, 2019 was extended on May 1, 2019). On March 20, 2019, the Company entered into promissory notes with four investors, Amir Uziel, Lavi Krasney, L.I.A. Pure Capital Ltd. for $10,000 each, and with Attibute Ltd, for $15,000, totaling $45,000. The notes accrue interest at a rate of 8% per annum and are each due on September 30, 2019. These note holders are considered to be related parties due to their influence. On June 26, 2018, the Company paid off one of the existing defaulted notes for $10,000, including accrued interest of $3,321. Additionally, on August 24, 2018, the Company paid off four of the existing notes for $41,000, including accrued interest of $5,655. |
Related Party
Related Party | 12 Months Ended |
Mar. 31, 2019 | |
Related Party | |
Related Party | Note 4 – RELATED PARTY Other than transactions and balances related to cash and share based compensation to officers and directors the company had the following related party transactions. Effective June 15, 2015, Neil Reithinger was appointed as President, Treasurer, Secretary and a director, and was in position until January 8, 2019. Mr. Reithinger is the Founder and President of Eventus Advisory Group, LLC, a private, CFO-services firm, and Eventus Consulting, P.C., a registered CPA firm (collectively “Eventus”). Commencing on June 15, 2015, Eventus was engaged to provide accounting and advisory services to the Company in connection with audit coordination, financial statement preparation and SEC filings. During the years ended March 31, 2019, we incurred accounting fees of $6,993 and during the year ended March 31, 2018 we incurred accounting fees of $11,009 to Eventus. On May 16, 2018 Mr. Reithinger resigned as the Company’s Secretary and in addition the Company appointed Eyal Ben Ami to the Board of Directors and Oded Gilboa as Secretary. Each of these individuals was identified by the group of note holders. On November 2, 2018 Oded Gilboa was appointed CFO and on January 8, 2019 Mr. Ben Ami was appointed President and sole director. Thus, as of the date of filing, Mr. Reithinger has no position in the company. Until January 8, 2019, the Company used office space in Scottsdale, Arizona, provided by Eventus at no charge. From January 8, 2019, to May 1, 2019 the Company had no office space. From May 1, 2019 the company leases approximately 250 square feet of office space from Yaad, a shareholder, for its principal corporate offices in Tel Aviv, Israel for $ 140 per month under a month-to-month lease On June 26, 2018, the Company paid off one of the existing defaulted notes for $10,000, including accrued interest of $3,321. Additionally, on August 24, 2018, the Company paid off four of the existing notes for $41,000, including accrued interest of $5,655. On June 6, 2018, the Company entered into promissory notes with five investors, Amir Uziel, Lavi Krasney, L.I.A. Pure Capital Ltd., Nir Reinhold and Yaad Consulting & Management Services (1995) Ltd, for $15,000 each, totaling $75,000. The notes accrue interest at a rate of 8% per annum and are each due on September 30, 2019. These note holders are considered to be related parties due to their influence. On November 2, 2018, the Company entered into promissory notes with five investors, Amir Uziel, Lavi Krasney, L.I.A. Pure Capital Ltd., Nir Reinhold and Attibute Ltd, for $10,000 each, totaling $50,000. The notes accrue interest at a rate of 8% per annum and are each due on September 30, 2019. These note holders are considered to be related parties due to their influence. On March 20, 2019, the Company entered into promissory notes with four investors, Amir Uziel, Lavi Krasney, L.I.A. Pure Capital Ltd., for $10,000 each, and with Attribute Lt. for $15,000 totaling $45,000. The notes accrue interest at a rate of 8% per annum and are each due on May 1, 2019. These note holders are considered to be related parties due to their influence. |
Income Taxes
Income Taxes | 12 Months Ended |
Mar. 31, 2019 | |
Income Taxes | |
Income Taxes | Note 5 – Income Taxes The Company provides for income taxes under ASC 740 which requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect currently. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carryforwards for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carryforwards may be limited as to use in future years. As of March 31, 2019, the Company has $51,449 in gross deferred tax assets resulting from net operating loss carryforwards. A valuation allowance has been recorded to fully offset these deferred tax assets because the Company's management believer future realization of the related income tax benefits is uncertain. Accordingly, the net provision for income taxes is zero for the year ended March 31, 2019. As of March 31, 2019, the Company has federal net operating loss carry forwards of $244,993 available to offset future taxable income through 2031. As of March 31, 2018, the Company has $30,545 in gross deferred tax assets resulting from net operating loss carryforwards. A valuation allowance has been recorded to fully offset these deferred tax assets because the Company's management believer future realization of the related income tax benefits is uncertain. Accordingly, the net provision for income taxes is zero for the year ended March 31, 2018. As of March 31, 2018, the Company has federal net operating loss carry forwards of $145,453 available to offset future taxable income through 2031. |
Subsequent Events
Subsequent Events | 12 Months Ended |
Mar. 31, 2019 | |
Subsequent Events | |
Subsequent Events | NOTE 6 – SUBSEQUENT EVENTS On April 4, 2019 promissory Loan Agreement was issued to one investor for the amount of $15,000. On June 3, 2019, 15,000 shares were issued to one officer under a services agreement. On the same date, 29,800 additional shares were issued to same officer from conversion of warrants also under a services agreement. |
Significant Accounting Polici_2
Significant Accounting Policies (Policies) | 12 Months Ended |
Mar. 31, 2019 | |
Disclosure Significant Accounting Policies Policies Abstract | |
Cash and Cash Equivalents | Cash and Cash Equivalents Cash and cash equivalents as of March 31, 2019 and 2018 included cash on-hand. Cash equivalents are considered all accounts with an original maturity date within 90 days. |
Use of Estimates | Use of Estimates The preparation of the financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. The current economic environment has increased the degree and uncertainty inherent in these estimates and assumptions. |
Consolidation of Subsidiaries | Consolidation of Subsidiaries Subsidiaries are all entities (including structured entities) over which the Group has control. The Group controls an entity when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are deconsolidated from the date that control ceases. The Group applies the acquisition method to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair values of the assets transferred, the liabilities incurred to the former owners of the acquiree and the equity interests issued by the Group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. The Group recognises any non-controlling interest in the acquiree on an acquisition-by-acquisition basis, either at fair value or at the non-controlling interest’s proportionate share of the recognised amounts of acquiree’s identifiable net assets. |
Income Tax Provision | Income Tax Provision The Company uses the liability method of accounting for income taxes under the asset and liability method prescribed under ASC 740, Income Taxes . The Company expects to recognize the financial statement benefit of an uncertain tax position only after considering the probability that a tax authority would sustain the position in an examination. For tax positions meeting a “more-likely-than-not” threshold, the amount to be recognized in the financial statements will be the benefit expected to be realized upon settlement with the tax authority. For tax positions not meeting the threshold, no financial statement benefit is recognized. As of March 31, 2019, the Company had no uncertain tax positions. The Company recognizes interest and penalties, if any, related to uncertain tax positions as general and administrative expenses. The Company currently has no federal tax examinations nor has it had any federal income tax penalties since its inception. |
Net Income (Loss) Per Share | Net Income (Loss) Per Share Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted-average common shares outstanding. Diluted net income per share is calculated by dividing net income by the weighted-average common shares outstanding during the period using the treasury stock method or the two-class method, whichever is more dilutive. The Company had no potentially dilutive securities. Therefore, basic and dilutive net income (loss) per share were the same. |
Related Party Transactions | Related Party Transactions The Company follows ASC 850, Related Party Disclosures |
Recent Accounting Pronouncements | Recent Accounting Pronouncements Management does not believe that any recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying financial statements. |
Notes Payable (Tables)
Notes Payable (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Disclosure Notes Payable Tables Abstract | |
Schedule of Notes Payable | Notes payable – Short-term consisted of the following as of: March 31, 2019 March 31, 2018 Note payable, 12% interest per annum, due on August 8, 2016. Note is in default and unsecured. $ — $ 10,000 Note payable, 12% interest per annum, due on August 27, 2016. Note is in default and unsecured. — 10,000 Note payable, 8% interest per annum, due on May 18, 2018. Note is unsecured — 10,000 Note payable, 8% interest per annum, due on June 30, 2018. Note is unsecured. — 11,000 Note payable, 12% interest per annum, due on July 10, 2018. Note is unsecured. — 10,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 15,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 15,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 15,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 15,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 15,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 10,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 10,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 10,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 10,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 10,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 10,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 10,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 10,000 Note payable to related party, 8% interest per annum, due on September 30, 2019 15,000 — $ 170,000 $ 51,000 |
Notes Payable (Details)
Notes Payable (Details) - USD ($) | Mar. 31, 2019 | Mar. 31, 2018 |
Short-term Debt [Line Items] | ||
Notes payable | $ 170,000 | $ 51,000 |
Note Payable Due On August 08, 2016 [Member] | ||
Short-term Debt [Line Items] | ||
Notes payable | 10,000 | |
Note Payable Due On August 27, 2016 [Member] | ||
Short-term Debt [Line Items] | ||
Notes payable | 10,000 | |
Note Payable Due On May 18, 2018 [Member] | ||
Short-term Debt [Line Items] | ||
Notes payable | 10,000 | |
Note Payable Due On June 30, 2018 [Member] | ||
Short-term Debt [Line Items] | ||
Notes payable | 11,000 | |
Note Payable Due On July 10, 2018 [Member] | ||
Short-term Debt [Line Items] | ||
Notes payable | 10,000 | |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Notes payable | 15,000 | |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Notes payable | 15,000 | |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Notes payable | 15,000 | |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Notes payable | 15,000 | |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Notes payable | 15,000 | |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Notes payable | 10,000 | |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Notes payable | 10,000 | |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Notes payable | 10,000 | |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Notes payable | 10,000 | |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Notes payable | 10,000 | |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Notes payable | 10,000 | |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Notes payable | 10,000 | |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Notes payable | 10,000 | |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Notes payable | $ 15,000 |
Notes Payable (Details) (Parent
Notes Payable (Details) (Parenthetical) | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Note Payable Due On August 08, 2016 [Member] | ||
Short-term Debt [Line Items] | ||
Note payable interest per annum | 12.00% | 12.00% |
Note payable due date | Aug. 8, 2016 | Aug. 8, 2016 |
Note payable description | Note is in default and unsecured | Note is in default and unsecured |
Note Payable Due On August 27, 2016 [Member] | ||
Short-term Debt [Line Items] | ||
Note payable interest per annum | 12.00% | 12.00% |
Note payable due date | Aug. 27, 2016 | Aug. 27, 2016 |
Note payable description | Note is in default and unsecured | Note is in default and unsecured |
Note Payable Due On May 18, 2018 [Member] | ||
Short-term Debt [Line Items] | ||
Note payable interest per annum | 8.00% | 8.00% |
Note payable due date | May 18, 2018 | May 18, 2018 |
Note payable description | Note is unsecured | Note is unsecured |
Note Payable Due On June 30, 2018 [Member] | ||
Short-term Debt [Line Items] | ||
Note payable interest per annum | 8.00% | 8.00% |
Note payable due date | Jun. 30, 2018 | Jun. 30, 2018 |
Note payable description | Note is unsecured | Note is unsecured |
Note Payable Due On July 10, 2018 [Member] | ||
Short-term Debt [Line Items] | ||
Note payable interest per annum | 12.00% | 12.00% |
Note payable due date | Jul. 10, 2018 | Jul. 10, 2018 |
Note payable description | Note is unsecured | Note is unsecured |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Note payable interest per annum | 8.00% | 8.00% |
Note payable due date | Sep. 30, 2019 | Sep. 30, 2019 |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Note payable interest per annum | 8.00% | 8.00% |
Note payable due date | Sep. 30, 2019 | Sep. 30, 2019 |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Note payable interest per annum | 8.00% | 8.00% |
Note payable due date | Sep. 30, 2019 | Sep. 30, 2019 |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Note payable interest per annum | 8.00% | 8.00% |
Note payable due date | Sep. 30, 2019 | Sep. 30, 2019 |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Note payable interest per annum | 8.00% | 8.00% |
Note payable due date | Sep. 30, 2019 | Sep. 30, 2019 |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Note payable interest per annum | 8.00% | 8.00% |
Note payable due date | Sep. 30, 2019 | Sep. 30, 2019 |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Note payable interest per annum | 8.00% | 8.00% |
Note payable due date | Sep. 30, 2019 | Sep. 30, 2019 |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Note payable interest per annum | 8.00% | 8.00% |
Note payable due date | Sep. 30, 2019 | Sep. 30, 2019 |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Note payable interest per annum | 8.00% | 8.00% |
Note payable due date | Sep. 30, 2019 | Sep. 30, 2019 |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Note payable interest per annum | 8.00% | 8.00% |
Note payable due date | Sep. 30, 2019 | Sep. 30, 2019 |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Note payable interest per annum | 8.00% | 8.00% |
Note payable due date | Sep. 30, 2019 | Sep. 30, 2019 |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Note payable interest per annum | 8.00% | 8.00% |
Note payable due date | Sep. 30, 2019 | Sep. 30, 2019 |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Note payable interest per annum | 8.00% | 8.00% |
Note payable due date | Sep. 30, 2019 | Sep. 30, 2019 |
Note Payable Due On September 30, 2019 [Member] | Related Party [Member] | ||
Short-term Debt [Line Items] | ||
Note payable interest per annum | 8.00% | 8.00% |
Note payable due date | Sep. 30, 2019 | Sep. 30, 2019 |
Nature Of Operations And Basi_2
Nature Of Operations And Basis Of Presentation (Narrative) (Details) - USD ($) | Jan. 10, 2019 | Mar. 31, 2019 |
Noncash or Part Noncash Acquisitions [Line Items] | ||
Working capital deficit | $ 171,845 | |
Research And Option Agreement With Canna Patch Ltd. [Member] | ||
Noncash or Part Noncash Acquisitions [Line Items] | ||
Research and option agreement description | January 10, 2019 an Israeli corporation was formed by the name of Canna Patch Ltd. (“Canna Patch”), 90% of its shares were allocated to Intellisense, Inc. (the “Company”) and 10% of its shares to Mr. Rafael Ezra, CTO of Canna Patch Ltd. Canna Patch entered into a Research and Option Agreement (the “Agreement”) with Yissum Research Development Company of Hebrew University of Jerusalem Ltd. (“Yissum”), effective March 21, 2019. Pursuant to the Agreement, Canna Patch will fund a feasibility study (the “Study”) in the aggregate amount of $94,500 plus VAT relating to Yissum’s research concerning the development of a cannabis patch. The Study will be conducted in two stages, each of six months duration, with $23,625 to be paid on each of March 21, 2019 and three months thereafter during the first stage. Based upon the results of an interim study report (the “Interim Report”) at the end of the first stage, Canna Patch may determine whether to continue funding stage two whereupon Canna Patch will pay an additional $23,625 on the commencement of stage two and three months thereafter. In consideration for such financing, Canna Patch will have the option (the “Option”) for an exclusive, worldwide license to all work product and results of the Study, including all intellectual property in the field of systemic and trans-dermal and trans-mucosal delivery of cannabinoids using exudates-based formulations. If Canna Patch exercises the Option, it will be responsible for the costs of any patent filings, maintenance and prosecution. |
Notes Payable (Narrative) (Deta
Notes Payable (Narrative) (Details) - USD ($) | Mar. 20, 2019 | Nov. 02, 2018 | Aug. 24, 2018 | Jun. 26, 2018 | Jun. 06, 2018 | Nov. 02, 2019 | Mar. 31, 2019 | Mar. 31, 2018 |
Short-term Debt [Line Items] | ||||||||
Payments on notes payable | $ 41,000 | $ 10,000 | $ 51,000 | |||||
Accrued interest portion included in repayment of notes | $ 5,655 | $ 3,321 | ||||||
Amir Uziel [Member] | Note Payable Due On September 30, 2019 [Member] | ||||||||
Short-term Debt [Line Items] | ||||||||
Promissory note face amount | $ 10,000 | $ 10,000 | $ 15,000 | |||||
Promissory note payable interest per annum | 8.00% | 8.00% | 8.00% | |||||
Promissory note payable due date | Sep. 30, 2019 | Sep. 30, 2019 | Sep. 30, 2019 | |||||
Promissory note payable maturity description | Original maturity date of May 1, 2019 was extended on May 1, 2019 | Original maturity date of December 5, 2018 was extended on November 15, 2018 and again on May 1, 2019 | ||||||
Lavi Krasney [Member] | Note Payable Due On September 30, 2019 [Member] | ||||||||
Short-term Debt [Line Items] | ||||||||
Promissory note face amount | $ 10,000 | $ 10,000 | $ 15,000 | |||||
Promissory note payable interest per annum | 8.00% | 8.00% | 8.00% | |||||
Promissory note payable due date | Sep. 30, 2019 | Sep. 30, 2019 | Sep. 30, 2019 | |||||
Promissory note payable maturity description | Original maturity date of May 1, 2019 was extended on May 1, 2019 | Original maturity date of December 5, 2018 was extended on November 15, 2018 and again on May 1, 2019 | ||||||
L.I.A. Pure Capital Ltd [Member] | Note Payable Due On September 30, 2019 [Member] | ||||||||
Short-term Debt [Line Items] | ||||||||
Promissory note face amount | $ 10,000 | $ 10,000 | $ 15,000 | |||||
Promissory note payable interest per annum | 8.00% | 8.00% | 8.00% | |||||
Promissory note payable due date | Sep. 30, 2019 | Sep. 30, 2019 | Sep. 30, 2019 | |||||
Promissory note payable maturity description | Original maturity date of May 1, 2019 was extended on May 1, 2019 | Original maturity date of December 5, 2018 was extended on November 15, 2018 and again on May 1, 2019 | ||||||
Nir Reinhold [Member] | Note Payable Due On September 30, 2019 [Member] | ||||||||
Short-term Debt [Line Items] | ||||||||
Promissory note face amount | $ 10,000 | $ 15,000 | ||||||
Promissory note payable interest per annum | 8.00% | 8.00% | ||||||
Promissory note payable due date | Sep. 30, 2019 | Sep. 30, 2019 | ||||||
Promissory note payable maturity description | Original maturity date of May 1, 2019 was extended on May 1, 2019 | Original maturity date of December 5, 2018 was extended on November 15, 2018 and again on May 1, 2019 | ||||||
Yaad Consulting & Management Services (1995) Ltd [Member] | Note Payable Due On September 30, 2019 [Member] | ||||||||
Short-term Debt [Line Items] | ||||||||
Promissory note face amount | $ 15,000 | |||||||
Promissory note payable interest per annum | 8.00% | |||||||
Promissory note payable due date | Sep. 30, 2019 | |||||||
Promissory note payable maturity description | Original maturity date of December 5, 2018 was extended on November 15, 2018 and again on May 1, 2019 | |||||||
Five Investors [Member] | Note Payable Due On September 30, 2019 [Member] | ||||||||
Short-term Debt [Line Items] | ||||||||
Promissory note face amount | $ 50,000 | $ 75,000 | ||||||
Attibute Ltd [Member] | Note Payable Due On September 30, 2019 [Member] | ||||||||
Short-term Debt [Line Items] | ||||||||
Promissory note face amount | $ 15,000 | $ 10,000 | ||||||
Promissory note payable interest per annum | 8.00% | 8.00% | ||||||
Promissory note payable due date | Sep. 30, 2019 | Sep. 30, 2019 | ||||||
Promissory note payable maturity description | Original maturity date of May 1, 2019 was extended on May 1, 2019 | |||||||
Four Investors [Member] | Note Payable Due On September 30, 2019 [Member] | ||||||||
Short-term Debt [Line Items] | ||||||||
Promissory note face amount | $ 45,000 |
Related Party (Narrative) (Deta
Related Party (Narrative) (Details) - USD ($) | Jan. 08, 2019 | Mar. 31, 2019 | Mar. 31, 2018 |
Related Party Transaction [Line Items] | |||
Professional fees | $ 89,760 | $ 19,709 | |
Eventus - A Firm In Which Mr.Neil Reithinger Is The Founder And President [Member] | |||
Related Party Transaction [Line Items] | |||
Professional fees | $ 6,993 | $ 11,009 | |
Eventus - A Firm In Which Mr.Neil Reithinger Is The Founder And President [Member] | Office Space In Scottsdale, Arizoma [Member] | |||
Related Party Transaction [Line Items] | |||
Lease description | Until January 8, 2019, the Company used office space in Scottsdale, Arizona, provided by Eventus at no charge. | ||
Yaad, A Shareholder [Member] | Principal Corporate Offices In Tel Aviv, Israel [Member] | |||
Related Party Transaction [Line Items] | |||
Lease description | From January 8, 2019, the Company leases approximately 250 square feet of office space from Yaad, a shareholder, for its principal corporate offices in Tel Aviv, Israel | ||
Lease expiration date | Apr. 30, 2020 | ||
Monthly base rent | $ 140 |
Income Taxes (Narrative) (Detai
Income Taxes (Narrative) (Details) - USD ($) | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Income Taxes Narrative | ||
Gross deferred tax assets | $ 51,449 | $ 30,545 |
Federal net operating loss carry forwards | $ 244,993 | $ 145,453 |
Operating loss carryforward limitations on use | Offset future taxable income through 2031. | Offset future taxable income through 2031. |
Subsequent Events (Narrative) (
Subsequent Events (Narrative) (Details) - Subsequent Event [Member] - USD ($) | Jun. 03, 2019 | Apr. 04, 2019 |
Common Stock [Member] | ||
Subsequent Event [Line Items] | ||
Shares issued for services, shares | 15,000 | |
Shares issued for conversion of warrants under service agreement, shares | 29,800 | |
Note Payable Issued On April 04, 2019 [Member] | ||
Subsequent Event [Line Items] | ||
Promissory note face amount | $ 15,000 |