Document And Entity Information
Document And Entity Information - USD ($) $ in Thousands | 12 Months Ended | |
Mar. 31, 2020 | Jul. 14, 2020 | |
Document Information [Line Items] | ||
Entity Registrant Name | Tribus Enterprises, Inc. | |
Entity Central Index Key | 0001706573 | |
Current Fiscal Year End Date | --03-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Emerging Growth Company | true | |
Entity Ex Transition Period | false | |
Entity Small Business | true | |
Entity Interactive Data Current | Yes | |
Entity Common Stock, Shares Outstanding (in shares) | 7,360,858 | |
Entity Public Float | $ 0 | |
Entity Shell Company | false | |
Document Type | 10-K | |
Document Period End Date | Mar. 31, 2020 | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | FY | |
Amendment Flag | false | |
Title of 12(g) Security | Common Stock, $0.001 par value |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Mar. 31, 2020 | Mar. 31, 2019 |
Current assets | ||
Cash | $ 150,741 | $ 33,970 |
Inventory | 9,590 | 0 |
Deposits, current | 402,000 | |
Prepaid expenses | 15,511 | 20,011 |
Total current assets | 175,842 | 455,981 |
Deposits | 41,337 | 41,337 |
Right of use asset, operating leases | 157,117 | |
Equipment, net of accumulated depreciation of $552,435 and $194,226, respectively | 1,265,559 | 1,061,675 |
Total assets | 1,639,855 | 1,558,993 |
Current liabilities | ||
Accounts payable and accrued liabilities | 415,070 | 108,249 |
Interest payable | 61,938 | 23,612 |
Accrued rent | 8,027 | |
Deferred revenue | 3,814 | 814 |
Operating lease liability, current | 66,206 | |
Financing lease liability, current (Note 7) | 340,303 | 214,529 |
Loans payable, current (Note 6) | 339,969 | 82,449 |
Total current liabilities | 1,227,300 | 437,680 |
Operating lease liability, net of current portion | 90,730 | |
Financing lease liability, net of current portion (Note 7) | 382,254 | 667,053 |
Loans payable, net of current portion (Note 6) | 26,027 | 14,057 |
Total liabilities | 1,726,311 | 1,118,790 |
Commitments and contingencies | ||
Stockholders' equity | ||
Common stock, $0.001 par value; 100,000,000 authorized; 7,360,858 and 7,184,858 issued and outstanding at March 31, 2020 and 2019, respectively | 7,361 | 7,185 |
Additional paid in capital | 3,600,752 | 1,818,694 |
Accumulated deficit | (3,718,479) | (1,407,042) |
Total stockholders' equity | (86,456) | 440,203 |
Total liabilities and stockholders' equity | 1,639,855 | 1,558,993 |
Series A Preferred Stock [Member] | ||
Stockholders' equity | ||
Preferred stock | 20,000 | 20,000 |
Series B Preferred Stock [Member] | ||
Stockholders' equity | ||
Preferred stock | $ 3,910 | $ 1,366 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - USD ($) | Mar. 31, 2020 | Mar. 31, 2019 |
Accumulated depreciation | $ 552,435 | $ 194,226 |
Preferred stock, par value (in dollars per share) | $ 0.001 | |
Preferred stock, shares authorized (in shares) | 25,000,000 | |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 100,000,000 | 100,000,000 |
Common stock, shares issued (in shares) | 7,360,858 | 7,184,858 |
Common stock, shares outstanding (in shares) | 7,360,858 | 7,184,858 |
Series A Preferred Stock [Member] | ||
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized (in shares) | 20,000,000 | 20,000,000 |
Preferred stock, shares issued (in shares) | 19,999,998 | 19,999,998 |
Preferred stock, shares outstanding (in shares) | 19,999,998 | 19,999,998 |
Series B Preferred Stock [Member] | ||
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized (in shares) | 5,000,000 | 5,000,000 |
Preferred stock, shares issued (in shares) | 3,910,000 | 1,365,625 |
Preferred stock, shares outstanding (in shares) | 3,910,000 | 1,365,625 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) | 12 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Revenue | $ 33,737 | |
Cost of goods sold | 249,264 | |
Gross margin | (215,527) | |
Operating expenses | ||
Employee costs | 287,681 | 236,326 |
Professional fees | 308,893 | 89,165 |
General and administrative | 338,960 | 106,707 |
Facilities | 94,711 | 77,518 |
Research and development | 82,002 | 1,140 |
Depreciation expense | 256,343 | 180,595 |
Total operating expenses | 1,368,590 | 691,451 |
Net loss from operations | (1,584,117) | (691,451) |
Other income (expense) | ||
Other income | 55,919 | 16,208 |
Other expense | (542,750) | |
Loss on sale of equipment | (1,752) | |
Interest expense | (238,737) | (138,400) |
Total other income (expense) | (727,320) | (122,192) |
Income tax | ||
Net and comprehensive loss | $ (2,311,437) | $ (813,643) |
Net loss per share, basic and diluted (in dollars per share) | $ (0.32) | $ (0.11) |
Weighted average shares outstanding, basic and diluted (in shares) | 7,280,137 | 7,094,559 |
Consolidated Statement of Stock
Consolidated Statement of Stockholders' Equity - USD ($) | Preferred Stock [Member]Series A Preferred Stock [Member] | Preferred Stock [Member]Series B Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | AOCI Attributable to Parent [Member] | Series B Preferred Stock [Member] | Total |
Balance (in shares) at Mar. 31, 2018 | 19,999,998 | 1,007,500 | 6,903,658 | ||||
Balance at Mar. 31, 2018 | $ 20,000 | $ 1,008 | $ 6,904 | $ 1,462,533 | $ (593,399) | $ 897,046 | |
Preferred stock issued for cash (in shares) | 358,125 | ||||||
Preferred stock issued for cash | $ 358 | 286,142 | 286,500 | ||||
Common stock issued for cash (in shares) | 281,200 | 358,125 | |||||
Common stock issued for cash | $ 281 | 70,019 | 70,300 | ||||
Net loss | (813,643) | (813,643) | |||||
Balance (in shares) at Mar. 31, 2019 | 19,999,998 | 1,365,625 | 7,184,858 | ||||
Balance at Mar. 31, 2019 | $ 20,000 | $ 1,366 | $ 7,185 | 1,818,694 | (1,407,042) | 440,203 | |
Preferred stock issued for cash (in shares) | 2,544,375 | ||||||
Preferred stock issued for cash | $ 2,544 | 1,661,456 | 1,664,000 | ||||
Common stock issued for cash (in shares) | 176,000 | 2,544,375 | |||||
Common stock issued for cash | $ 176 | 43,824 | 44,000 | ||||
Net loss | (2,311,437) | (2,311,437) | |||||
Shareholder cash contribution | 3,040 | 3,040 | |||||
Shareholder forgiveness of wages payable | 73,738 | 73,738 | |||||
Balance (in shares) at Mar. 31, 2020 | 19,999,998 | 3,910,000 | 7,360,858 | ||||
Balance at Mar. 31, 2020 | $ 20,000 | $ 3,910 | $ 7,361 | $ 3,600,752 | $ (3,718,479) | $ (86,456) |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Cash flows from operating activities | ||
Net loss | $ (2,311,437) | $ (813,643) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation | 419,096 | 180,595 |
Loss on sale of equipment | 1,751 | 6,307 |
Impairment recorded on deposits | 402,000 | |
Changes in operating assets and liabilities: | ||
Prepaid expenses | 4,500 | (20,011) |
Deposits | (440,897) | |
Accounts payable and accrued liabilities | 380,558 | 75,583 |
Interest payable | 47,811 | 23,612 |
Deferred rent | (2,448) | 200 |
Deferred revenue | 3,000 | 814 |
Inventory | (9,590) | |
Net cash used in operating activities | (1,064,759) | (987,440) |
Cash flows from investing activities | ||
Purchase of equipment | (21,633) | (58,840) |
Sale of equipment | 24,415 | |
Net cash used in investing activities | (21,633) | (34,425) |
Cash flows from financing activities | ||
Repayments of financing leases | (168,510) | (272,946) |
Payments on operating lease liability | (50,423) | |
Proceeds from loans payable | 100,000 | |
Repayments of loans payable | (288,944) | (41,978) |
Shareholder cash contribution | 3,040 | |
Proceeds from sale of common stock | 44,000 | 70,300 |
Proceeds from the sale of series B preferred stock | 1,664,000 | 286,501 |
Net cash provided by financing activities | 1,203,163 | 141,877 |
Cash, beginning of period | 33,970 | 913,958 |
Net change in cash | 116,771 | (879,988) |
Cash, end of period | 150,741 | 33,970 |
Supplemental cash flow information | ||
Cash paid for interest | 190,926 | 114,788 |
Cash paid for income taxes | ||
Supplemental disclosure of non-cash financing activities | ||
Financing leases entered into for purchase of equipment | 1,154,528 | |
Loan entered into for purchase of equipment | 564,398 | 11,451 |
Forgiveness of accrued wages by related parties | $ 73,738 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 12 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | NOTE 1 A summary of significant accounting policies of Tribus Enterprises, Inc. (the “Company”) is presented to assist in understanding the Company’s consolidated financial statements. The accounting policies presented in these footnotes conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the accompanying consolidated financial statements. These consolidated financial statements and notes are representations of the Company’s management who are responsible for their integrity and objectivity. Organization, Nature of Business and Trade Name The Company was incorporated in the State of Washington on March 29, 2017 December 1, 2015. March 29, 2017. Basis of Presentation and Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reported period. Actual results could differ from those estimates. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company’s system of internal accounting control is designed to assure, among other items, that ( 1 2 3 Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all short-term debt securities purchased with maturity of three no March 31, 2020 2019. Principles of Consolidation The Company prepares its consolidated financial statements on the accrual basis of accounting. The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, both of which have a fiscal year end of March 31. Revenue and Cost Recognition The Company follows Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers 606 not The Company offers a limited lifetime warranty for manufacturing defects only on product sold. Due to sales recently occurring, the Company is unable to reasonably estimate future costs that will be incurred under its lifetime warranty program on revenue recognized as of March 31, 2020. March 31, 2020 The Company recognized revenues of $33,737 March 31, 2020. Fair Value of Financial Instruments The Company applies fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as risks inherent in valuation techniques, transfer restrictions and credit risk. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three Level 1 Level 2 Level 3 The Company’s valuation techniques used to measure the fair value of money market funds and certain marketable equity securities were derived from quoted prices in active markets for identical assets or liabilities. The valuation techniques used to measure the fair value of all other financial instruments, all of which have counterparties with high credit ratings, were valued based on quoted market prices or model driven valuations using significant inputs derived from or corroborated by observable market data. In accordance with the fair value accounting requirements, companies may not Capital Stock The Company has authorized one hundred million 100,000,000 $0.001 twenty five 25,000,000 $0.001 25,000,000 20,000,000 5,000,000 Income Taxes The Company recognizes the tax effects of transactions in the year in which such transactions enter into the determination of net income, regardless of when reported for tax purposes. Basic Net Loss Per Share Basic net loss per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. At March 31, 2020 2019, 19,999,998 19,999,998 3,910,000 1,365,625 10 4 March 31, 2020 2019 215,639,980 205,462,480 Advertising Costs The Company’s policy regarding advertising is to expense advertising when incurred. The Company incurred $310 $148 March 31, 2020 2019, Recently Issued Accounting Pronouncements Recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the SEC did not, not Related Parties The Company follows subtopic 850 10 Pursuant to Section 850 10 20 825–10–15, may one one one one The financial statements include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of financial statements is not no not Property and equipment Property and equipment are stated at cost less accumulated depreciation. The Company provides for depreciation using the straight-line method over the estimated useful lives of the related assets, which range from three five Note 3 Inventory The Company carries inventory at cost and recognizes the cost of each through cost of goods sold as product is shipped to customers. The value of inventory is carried at the cost of raw materials purchased to manufacture the finished goods, direct labor associated with manufacturing and certain overhead related to the manufacturing facility and equipment. The Company had inventory balances of $9,590 $0, March 31, 2020 2019, During the year ended March 31, 2020, $211,163 March 31, 2020, |
Note 2 - Going Concern
Note 2 - Going Concern | 12 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Substantial Doubt about Going Concern [Text Block] | NOTE 2 The Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company does not The ability of the Company to continue as a going concern is dependent upon its ability to successfully execute its plans and eventually attain profitable operations. The accompanying financial statements do not may may may no |
Note 3 - Equipment
Note 3 - Equipment | 12 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | NOTE 3 The Company had equipment net of accumulated depreciation of $1,265,559 $1,061,675 March 31, 2020 2019, March 31, 2020 2019 Machinery $ 1,754,501 $ 1,192,798 Computers 21,784 18,606 Furniture and Equipment 6,512 6,083 Leasehold Improvements 975 975 Vehicles 34,222 37,439 Total 1,817,994 1,255,901 Less: accumulated depreciation (552,435 ) (194,226 ) Net carrying value $ 1,265,559 $ 1,061,675 During the year ended March 31, 2020, $21,215 $19,964 $1,751. March 31, 2019, $30,722 $24,415 $6,307. |
Note 4 - Income Taxes
Note 4 - Income Taxes | 12 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 4 The Company did not March 31, 2020 2019 March 31, 2020 2019. not not not December 22, 2017 35% 21%. 35.47% 21.47%. 2017 $6,700. The Company has not March 31, 2020 2019 740. not not The provision for income taxes differs from the amount computed by applying the statutory federal income tax rate to income before provision for income taxes. The sources and tax effects of the differences for the periods presented are as follows: March 31, 2020 2019 Income tax provision at the federal statutory rate 21.00 % 21.00 % Washington state business and occupancy tax rate, net of federal benefit 0.47 % 0.47 % Combined tax rate 21.47 % 21.47 % Deferred tax rate changes - US income tax reform - % - % Change in valuation allowance (21.47% ) (21.47% ) Effect on operating losses 0.00 % 0.00 % Changes in net deferred tax assets consist of the following: March 31, 2020 2019 Net operating loss carry forward $ 496,266 $ 174,689 Valuation allowance (496,266 ) (174,689 ) Net deferred tax asset $ - $ - Federal net operating losses incurred prior to the year ended March 31, 2017 2037. March 31, 2017 may may 381. |
Note 5 - Current Deposits
Note 5 - Current Deposits | 12 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | NOTE 5 During the year ended March 31, 2019, third $402,000 $2.46 first 163,415 During the year ended March 31, 2020, third $402,000. $402,000 March 31, 2020. |
Note 6 - Capital Stock
Note 6 - Capital Stock | 12 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 6 Authorized The Company is authorized to issue up to 20,000,000 $0.001 5,000,000 $0.001 100,000,000 $0.001 The holders of the Series A Preferred Stock are entitled to 10 10 10 The holders of the Series B Preferred Stock are entitled to 4 4 Issued During the year ended March 31, 2020, 176,000 $0.25 $44,000. During the year ended March 31, 2020, 2,544,375 $1,664,000. 1,138,625 $820,550. $170,000 During the year ended March 31, 2019, 281,200 $0.25 $70,300. one 4,000 $1,000 During the year ended March 31, 2019, 358,125 $286,501. There were 19,999,998; 3,910,000 7,360,858 March 31, 2020. There were 19,999,998; 1,365,625 7,184,858 March 31, 2019. |
Note 7 - Operating Leases
Note 7 - Operating Leases | 12 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | NOTE 7 OPERATING LEASES On March 23, 2017, April 30, 2022 May 20, 2017. March 12, 2019, March 31, 2022. In February 206, 2016 02, Leases (Topic 842 840, Leases, March 31, 2020 March 31, 2019 Topic 842 not Topic 840 On April 1, 2019, $207,359 25% March 31, 2020, $50,423. $156,936 March 31, 2020 $66,206 $90,730 The leases require future minimum payments as shown below: Year ending March 31, 2021 $ 98,207 2022 99,725 2023 4,321 Total payments 202,253 Less: imputed interest (48,317 ) Operating lease liability, total $ 156,936 On November 5, 2018, $5,700 first March 31, 2020. On May 8, 2019, twelve May 1, 2019. $1,800 May 2019 eleven $4,100 April 2020. The Company records sublease payments received as other income in the statement of operations resulting in other income of $45,900 March 31, 2020. not |
Note 8 - Loans Payable
Note 8 - Loans Payable | 12 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | NOTE 8 During the year ended March 31, 2019, five $541 0%. not no March 31, 2020, $0 March 31, 2020. On July 27, 2018, $100,000. 24.37%, twelve July 27, 2019. $0 $65,464 March 31, 2020 March 31, 2019, During the year ended March 31, 2019, twelve $954 0%. not no $0 $10,497 March 31, 2020 March 31, 2019, On various dates during the year ended March 31, 2020, five $501,077, no 6.59% ● The first five $270,604 $27,990 six $5,000 $221,910 March 31, 2020, $5,000 ● The second five $24,163 $2,500 six $1,000 $16,395 March 31, 2020. ● The third five $36,884 $5,000 March 31, 2020. ● The fourth five $137,040 $5,000 6 $1,000 $126,040 March 31, 2020, $5,000 ● The fifth five $32,386 $6,477 3 $6,477 one $6,478 March 31, 2020. On June 1, 2019, $34,222 $19,464 $1,751. 6.59% September 2025. March 31, 2020, $30,826 $4,799 Total loans outstanding at March 31, 2020 $365,996 $339,969 $26,027 |
Note 9 - Financing Leases Payab
Note 9 - Financing Leases Payable | 12 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Lessee, Finance Leases [Text Block] | NOTE 9 FINANCING LEASES PAYABLE In February 206, 2016 02, Leases (Topic 842 840, Leases, March 31, 2020 March 31, 2019 Topic 842 not Topic 840 The Company accounts for financing leases in accordance with ASC 842. March 31, 2019, seven $1,162,240 $34,171. As of March 31, 2020, $975,506 August 2023 $252,949 $722,557. $340,303 $382,254 March 31, 2020. Future annual payments required under the financing leases through termination are as follows: Principal Interest Total Year ended March 31, 2021 $ 340,303 $ 192,584 532,887 2022 259,302 50,165 309,467 2023 113,600 9,937 123,537 2024 9,352 263 9,615 Total $ 722,557 $ 252,949 $ 975,506 |
Note 10 - Legal Proceedings
Note 10 - Legal Proceedings | 12 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Legal Matters and Contingencies [Text Block] | NOTE 10 During the year ended March 31, 2020, two June 2020. $140,750 March 31, 2020. |
Note 11 - Subsequent Events
Note 11 - Subsequent Events | 12 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | NOTE 11 – SUBSEQUENT EVENTS The Company has evaluated all events occurring subsequent to the balance sheet date through the date of filing and identified the following events requiring disclosure. During the three June 30, 2020, six $845,150. On March 11, 2020, 19 19 19 may may |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Mar. 31, 2020 | |
Accounting Policies [Abstract] | |
Basis of Presentation and Use of Estimates, Policy [Policy Text Block] | Basis of Presentation and Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reported period. Actual results could differ from those estimates. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company’s system of internal accounting control is designed to assure, among other items, that ( 1 2 3 |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all short-term debt securities purchased with maturity of three no March 31, 2020 2019. |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation The Company prepares its consolidated financial statements on the accrual basis of accounting. The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, both of which have a fiscal year end of March 31. |
Revenue [Policy Text Block] | Revenue and Cost Recognition The Company follows Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers 606 not The Company offers a limited lifetime warranty for manufacturing defects only on product sold. Due to sales recently occurring, the Company is unable to reasonably estimate future costs that will be incurred under its lifetime warranty program on revenue recognized as of March 31, 2020. March 31, 2020 The Company recognized revenues of $33,737 March 31, 2020. |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments The Company applies fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as risks inherent in valuation techniques, transfer restrictions and credit risk. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three Level 1 Level 2 Level 3 The Company’s valuation techniques used to measure the fair value of money market funds and certain marketable equity securities were derived from quoted prices in active markets for identical assets or liabilities. The valuation techniques used to measure the fair value of all other financial instruments, all of which have counterparties with high credit ratings, were valued based on quoted market prices or model driven valuations using significant inputs derived from or corroborated by observable market data. In accordance with the fair value accounting requirements, companies may not |
Stockholders' Equity, Policy [Policy Text Block] | Capital Stock The Company has authorized one hundred million 100,000,000 $0.001 twenty five 25,000,000 $0.001 25,000,000 20,000,000 5,000,000 |
Income Tax, Policy [Policy Text Block] | Income Taxes The Company recognizes the tax effects of transactions in the year in which such transactions enter into the determination of net income, regardless of when reported for tax purposes. |
Earnings Per Share, Policy [Policy Text Block] | Basic Net Loss Per Share Basic net loss per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. At March 31, 2020 2019, 19,999,998 19,999,998 3,910,000 1,365,625 10 4 March 31, 2020 2019 215,639,980 205,462,480 |
Advertising Cost [Policy Text Block] | Advertising Costs The Company’s policy regarding advertising is to expense advertising when incurred. The Company incurred $310 $148 March 31, 2020 2019, |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Pronouncements Recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the SEC did not, not |
Related Parties, Policy [Policy Text Block] | Related Parties The Company follows subtopic 850 10 Pursuant to Section 850 10 20 825–10–15, may one one one one The financial statements include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of financial statements is not no not |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and equipment Property and equipment are stated at cost less accumulated depreciation. The Company provides for depreciation using the straight-line method over the estimated useful lives of the related assets, which range from three five Note 3 |
Inventory, Policy [Policy Text Block] | Inventory The Company carries inventory at cost and recognizes the cost of each through cost of goods sold as product is shipped to customers. The value of inventory is carried at the cost of raw materials purchased to manufacture the finished goods, direct labor associated with manufacturing and certain overhead related to the manufacturing facility and equipment. The Company had inventory balances of $9,590 $0, March 31, 2020 2019, During the year ended March 31, 2020, $211,163 March 31, 2020, |
Note 3 - Equipment (Tables)
Note 3 - Equipment (Tables) | 12 Months Ended |
Mar. 31, 2020 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | March 31, 2020 2019 Machinery $ 1,754,501 $ 1,192,798 Computers 21,784 18,606 Furniture and Equipment 6,512 6,083 Leasehold Improvements 975 975 Vehicles 34,222 37,439 Total 1,817,994 1,255,901 Less: accumulated depreciation (552,435 ) (194,226 ) Net carrying value $ 1,265,559 $ 1,061,675 |
Note 4 - Income Taxes (Tables)
Note 4 - Income Taxes (Tables) | 12 Months Ended |
Mar. 31, 2020 | |
Notes Tables | |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | March 31, 2020 2019 Income tax provision at the federal statutory rate 21.00 % 21.00 % Washington state business and occupancy tax rate, net of federal benefit 0.47 % 0.47 % Combined tax rate 21.47 % 21.47 % Deferred tax rate changes - US income tax reform - % - % Change in valuation allowance (21.47% ) (21.47% ) Effect on operating losses 0.00 % 0.00 % |
Schedule of Deferred Tax Assets [Table Text Block] | <table border="0" cellpadding="0" cellspacing="0" style="margin-right: 5%; margin-left: 5%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="6" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">March 31,</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">2020</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">2019</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 66%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Net operating loss carry forward</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">496,266</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">174,689</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Valuation allowance</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(496,266</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(174,689</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Net deferred tax asset</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;"> </td> </tr> </table></div>" id="sjs-B5"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="margin-right: 5%; margin-left: 5%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="6" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">March 31,</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">2020</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">2019</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 66%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Net operating loss carry forward</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">496,266</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">174,689</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Valuation allowance</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(496,266</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(174,689</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Net deferred tax asset</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;"> </td> </tr> </table></div> |
Note 7 - Operating Leases (Tabl
Note 7 - Operating Leases (Tables) | 12 Months Ended |
Mar. 31, 2020 | |
Notes Tables | |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Year ending March 31, 2021 $ 98,207 2022 99,725 2023 4,321 Total payments 202,253 Less: imputed interest (48,317 ) Operating lease liability, total $ 156,936 |
Note 9 - Financing Leases Pay_2
Note 9 - Financing Leases Payable (Tables) | 12 Months Ended |
Mar. 31, 2020 | |
Notes Tables | |
Finance Lease, Liability, Fiscal Year Maturity [Table Text Block] | Principal Interest Total Year ended March 31, 2021 $ 340,303 $ 192,584 532,887 2022 259,302 50,165 309,467 2023 113,600 9,937 123,537 2024 9,352 263 9,615 Total $ 722,557 $ 252,949 $ 975,506 |
Note 1 - Summary of Significa_2
Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($) | 12 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Cash Equivalents, at Carrying Value, Total | $ 0 | $ 0 |
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 33,737 | |
Common Stock, Shares Authorized (in shares) | 100,000,000 | 100,000,000 |
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Authorized (in shares) | 25,000,000 | |
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | |
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Preferred Stock (in shares) | 215,639,980 | 205,462,480 |
Advertising Expense | $ 310 | $ 148 |
Inventory, Net, Total | 9,590 | $ 0 |
Inventory Write-down | $ 211,163 | |
Minimum [Member] | ||
Property, Plant and Equipment, Useful Life (Year) | 3 years | |
Maximum [Member] | ||
Property, Plant and Equipment, Useful Life (Year) | 5 years | |
Series A Preferred Stock [Member] | ||
Preferred Stock, Shares Authorized (in shares) | 20,000,000 | 20,000,000 |
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 19,999,998 | 19,999,998 |
Convertible Preferred Stock, Shares Issued upon Conversion (in shares) | 10 | |
Series B Preferred Stock [Member] | ||
Preferred Stock, Shares Authorized (in shares) | 5,000,000 | 5,000,000 |
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 3,910,000 | 1,365,625 |
Convertible Preferred Stock, Shares Issued upon Conversion (in shares) | 4 |
Note 3 - Equipment (Details Tex
Note 3 - Equipment (Details Textual) - USD ($) | 12 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Property, Plant and Equipment, Net, Ending Balance | $ 1,265,559 | $ 1,061,675 |
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment | 21,215 | 30,722 |
Gain (Loss) on Disposition of Property Plant Equipment, Total | (1,751) | (6,307) |
Proceeds from Sale of Property, Plant, and Equipment, Total | $ 24,415 | |
Vehicle [Member] | ||
Noncash or Part Noncash Divestiture, Amount of Consideration Received | $ 19,964 |
Note 3 - Equipment - Schedule o
Note 3 - Equipment - Schedule of Equipment (Details) - USD ($) | Mar. 31, 2020 | Mar. 31, 2019 |
Total | $ 1,817,994 | $ 1,255,901 |
Less: accumulated depreciation | (552,435) | (194,226) |
Net carrying value | 1,265,559 | 1,061,675 |
Machinery and Equipment [Member] | ||
Total | 1,754,501 | 1,192,798 |
Computer Equipment [Member] | ||
Total | 21,784 | 18,606 |
Furniture and Fixtures [Member] | ||
Total | 6,512 | 6,083 |
Leasehold Improvements [Member] | ||
Total | 975 | 975 |
Vehicles [Member] | ||
Total | $ 34,222 | $ 37,439 |
Note 4 - Income Taxes (Details
Note 4 - Income Taxes (Details Textual) - USD ($) | 12 Months Ended | |||
Mar. 31, 2020 | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 21.00% | 21.00% | 35.00% |
Effective Income Tax Rate Reconciliation Before Reconciling Items, Percent | 21.47% | 21.47% | 21.47% | 35.47% |
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | $ 6,700 |
Note 4 - Income Taxes - Provisi
Note 4 - Income Taxes - Provision for Income Taxes (Details) | 12 Months Ended | |||
Mar. 31, 2020 | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Income tax provision at the federal statutory rate | 21.00% | 21.00% | 21.00% | 35.00% |
Washington state business and occupancy tax rate, net of federal benefit | 0.47% | 0.47% | ||
Combined tax rate | 21.47% | 21.47% | 21.47% | 35.47% |
Deferred tax rate changes - US income tax reform | ||||
Change in valuation allowance | (21.47%) | (21.47%) | ||
Effect on operating losses | 0.00% | 0.00% |
Note 4 - Income Taxes - Net Def
Note 4 - Income Taxes - Net Deferred Tax Assets (Details) - USD ($) | Mar. 31, 2020 | Mar. 31, 2019 |
Net operating loss carry forward | $ 496,266 | $ 174,689 |
Valuation allowance | (496,266) | (174,689) |
Net deferred tax asset |
Note 5 - Current Deposits (Deta
Note 5 - Current Deposits (Details Textual) | 12 Months Ended | |
Mar. 31, 2020USD ($) | Mar. 31, 2019USD ($)$ / shares | |
Advances for Inventory Units | $ 402,000 | |
Inventory, Discount Price Per Unit (in dollars per share) | $ / shares | $ 2.46 | |
Inventory, Number of Units to be Purchased | 163,415 | |
Loss Contingency, Damages Sought, Value | $ 402,000 |
Note 6 - Capital Stock (Details
Note 6 - Capital Stock (Details Textual) | 12 Months Ended | |
Mar. 31, 2020USD ($)$ / sharesshares | Mar. 31, 2019USD ($)$ / sharesshares | |
Preferred Stock, Shares Authorized (in shares) | 25,000,000 | |
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.001 | |
Common Stock, Shares Authorized (in shares) | 100,000,000 | 100,000,000 |
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.001 | $ 0.001 |
Proceeds from Issuance of Common Stock | $ | $ 44,000 | $ 70,300 |
Common Stock, Shares, Issued, Total (in shares) | 7,360,858 | 7,184,858 |
Sale of Equity Instrument [Member] | ||
Related Party Transaction, Expenses from Transactions with Related Party | $ | $ 170,000 | |
Subscription Agreements [Member] | ||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.25 | $ 0.25 |
Common Stock, Shares Subscribed but Unissued (in shares) | 176,000 | 281,200 |
Proceeds from Issuance of Common Stock | $ | $ 44,000 | $ 70,300 |
Subscription Agreements [Member] | Commo Stock Subscriber [Member] | ||
Common Stock, Shares Subscribed but Unissued (in shares) | 4,000 | |
Proceeds from Issuance of Common Stock | $ | $ 1,000 | |
Series A Preferred Stock [Member] | ||
Preferred Stock, Shares Authorized (in shares) | 20,000,000 | 20,000,000 |
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.001 | $ 0.001 |
Preferred Stock, Voting Rights, Votes Per Share Held | 10 | |
Convertible Preferred Stock, Shares Issuable upon Conversion (in shares) | 10 | |
Preferred Stock, Shares Issued, Total (in shares) | 19,999,998 | 19,999,998 |
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 19,999,998 | 19,999,998 |
Series B Preferred Stock [Member] | ||
Preferred Stock, Shares Authorized (in shares) | 5,000,000 | 5,000,000 |
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.001 | $ 0.001 |
Preferred Stock, Voting Rights, Votes Per Share Held | 4 | |
Convertible Preferred Stock, Shares Issuable upon Conversion (in shares) | 4 | |
Stock Issued During Period, Shares, New Issues (in shares) | 2,544,375 | 358,125 |
Proceeds from Issuance of Convertible Preferred Stock | $ | $ 1,664,000 | $ 286,501 |
Preferred Stock, Shares Issued, Total (in shares) | 3,910,000 | 1,365,625 |
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 3,910,000 | 1,365,625 |
Series B Preferred Stock [Member] | Sale of Equity Instrument [Member] | ||
Stock Issued During Period, Shares, New Issues (in shares) | 1,138,625 | |
Proceeds from Issuance of Convertible Preferred Stock | $ | $ 820,550 |
Note 7 - Operating Leases (Deta
Note 7 - Operating Leases (Details Textual) - USD ($) | May 08, 2019 | Nov. 05, 2018 | May 31, 2019 | Mar. 31, 2020 | Apr. 01, 2019 | Mar. 31, 2019 |
Operating Lease, Right-of-Use Asset | $ 157,117 | $ 207,359 | ||||
Lessee, Operating Lease, Discount Rate | 25.00% | |||||
Operating Lease, Payments | 50,423 | |||||
Operating Lease, Liability, Total | 156,936 | |||||
Operating Lease, Liability, Current | 66,206 | |||||
Operating Lease, Liability, Noncurrent | 90,730 | |||||
Operating Sublease, Monthly Rental Payments | $ 4,100 | $ 5,700 | ||||
Sublease Income | $ 1,800 | |||||
Other Nonoperating Income (Expense) [Member] | ||||||
Sublease Income | $ 45,900 |
Note 7 - Operating Leases - Fut
Note 7 - Operating Leases - Future Minimum Payments (Details) | Mar. 31, 2020USD ($) |
2021 | $ 98,207 |
2022 | 99,725 |
2023 | 4,321 |
Total payments | 202,253 |
Less: imputed interest | (48,317) |
Operating lease liability, total | $ 156,936 |
Note 8 - Loans Payable (Details
Note 8 - Loans Payable (Details Textual) - USD ($) | Jun. 01, 2019 | Jul. 27, 2018 | Mar. 31, 2020 | Sep. 30, 2019 | Mar. 31, 2020 | Mar. 31, 2019 |
Secured Debt, Total | $ 365,996 | $ 365,996 | ||||
Proceeds from Sale of Property, Plant, and Equipment, Total | $ 24,415 | |||||
Gain (Loss) on Disposition of Property Plant Equipment, Total | (1,751) | (6,307) | ||||
Secured Debt, Current | 339,969 | 339,969 | 82,449 | |||
Secured Long-term Debt, Noncurrent | 26,027 | 26,027 | $ 14,057 | |||
Vehicles [Member] | ||||||
Proceeds from Sale of Property, Plant, and Equipment, Total | $ 19,464 | |||||
Gain (Loss) on Disposition of Property Plant Equipment, Total | $ (1,751) | |||||
0% Loan Payable [Member] | ||||||
Debt Instrument, Term (Year) | 5 years | |||||
Debt Instrument, Periodic Payment, Total | $ 541 | |||||
Debt Instrument, Interest Rate, Stated Percentage | 0.00% | |||||
Debt Instrument, Unamortized Discount, Total | $ 0 | |||||
Secured Debt, Total | 0 | 0 | ||||
Loan Agreement [Member] | ||||||
Debt Instrument, Term (Year) | 1 year | |||||
Debt Instrument, Interest Rate, Stated Percentage | 24.37% | |||||
Debt Instrument, Face Amount | $ 100,000 | |||||
Short-term Debt, Total | 0 | 0 | $ 65,464 | |||
Loan In Order to Acquire Equipment [Member] | ||||||
Debt Instrument, Term (Year) | 1 year | |||||
Debt Instrument, Periodic Payment, Total | $ 954 | |||||
Debt Instrument, Interest Rate, Stated Percentage | 0.00% | |||||
Debt Instrument, Unamortized Discount, Total | $ 0 | |||||
Short-term Debt, Total | $ 0 | $ 0 | $ 10,497 | |||
Verbal Loan Agreements [Member] | ||||||
Debt Instrument, Interest Rate, Stated Percentage | 0.00% | 0.00% | ||||
Debt Instrument, Face Amount | $ 501,077 | $ 501,077 | ||||
Debt Instrument, Interest Rate, Effective Percentage | 6.59% | 6.59% | ||||
Verbal Loan Agreements One [Member] | ||||||
Debt Instrument, Periodic Payment, Total | $ 5,000 | |||||
Debt Instrument, Face Amount | $ 270,604 | 270,604 | ||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 221,910 | 221,910 | ||||
Verbal Loan Agreements One [Member] | Equipment [Member] | ||||||
Payments to Acquire Property, Plant, and Equipment, Down Payment | 27,990 | |||||
Verbal Loan Agreements Two [Member] | ||||||
Debt Instrument, Periodic Payment, Total | 1,000 | |||||
Debt Instrument, Face Amount | 24,163 | 24,163 | ||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 16,395 | 16,395 | ||||
Verbal Loan Agreements Two [Member] | Equipment [Member] | ||||||
Payments to Acquire Property, Plant, and Equipment, Down Payment | 2,500 | |||||
Verbal Loan Agreements Three [Member] | ||||||
Debt Instrument, Periodic Payment, Total | 5,000 | |||||
Debt Instrument, Face Amount | 36,884 | 36,884 | ||||
Verbal Loan Agreements Four [Member] | ||||||
Debt Instrument, Periodic Payment, Total | 5,000 | $ 1,000 | ||||
Debt Instrument, Face Amount | 137,040 | 137,040 | ||||
Payments to Acquire Property, Plant, and Equipment, Down Payment | 5,000 | |||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 126,040 | 126,040 | ||||
Verbal Loan Agreements Five [Member] | ||||||
Debt Instrument, Periodic Payment, Total | 6,477 | |||||
Debt Instrument, Face Amount | 32,386 | 32,386 | ||||
Payments to Acquire Property, Plant, and Equipment, Down Payment | 6,477 | |||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 6,478 | 6,478 | ||||
The 6.59% Loan Payable [Member] | ||||||
Debt Instrument, Interest Rate, Stated Percentage | 6.59% | |||||
Secured Debt, Total | 30,826 | 30,826 | ||||
Debt Instrument, Face Amount | $ 34,222 | |||||
Secured Debt, Current | $ 4,799 | $ 4,799 |
Note 9 - Financing Leases Pay_3
Note 9 - Financing Leases Payable (Details Textual) | 12 Months Ended | |
Mar. 31, 2019USD ($) | Mar. 31, 2020USD ($) | |
Capital Leased Assets, Number of Units | 7 | |
Capitalized Contract Cost, Net, Current | $ 1,162,240 | |
Finance Lease, Liability, Payment, Due, Total | $ 975,506 | |
Finance Lease, Liability, Undiscounted Excess Amount | 252,949 | |
Finance Lease, Liability, Total | 722,557 | |
Finance Lease, Liability, Current | 214,529 | 340,303 |
Finance Lease, Liability, Noncurrent | 667,053 | $ 382,254 |
Capital Lease Obligations [Member] | ||
Debt Instrument, Periodic Payment, Total | $ 34,171 |
Note 9 - Financing Leases Pay_4
Note 9 - Financing Leases Payable - Future Annual Payments (Details) | 12 Months Ended |
Mar. 31, 2020USD ($) | |
2021, principal | $ 340,303 |
2021, interest | 192,584 |
2021, total | 532,887 |
2022, principal | 259,302 |
2022, interest | 50,165 |
2022, total | 309,467 |
2023, principal | 113,600 |
2023, interest | 9,937 |
2023, total | 123,537 |
2024, principal | 9,352 |
2024, interest | 263 |
2024, total | 9,615 |
Total, principal | 722,557 |
Total, interest | 252,949 |
Total | $ 975,506 |
Note 10 - Legal Proceedings (De
Note 10 - Legal Proceedings (Details Textual) | 12 Months Ended |
Mar. 31, 2020USD ($) | |
Loss Contingency, Claims Settled, Number | 2 |
Payments for Legal Settlements | $ 140,750 |
Note 11 - Subsequent Events (De
Note 11 - Subsequent Events (Details Textual) - Subsequent Event [Member] | Jun. 30, 2020USD ($) |
Number of Loan Outstanding | 6 |
Finance Lease, Payments | $ 845,150 |