RIGHTS AGREEMENTS (Details Narrative) - USD ($) |
6 Months Ended | |
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Sep. 30, 2021 |
Aug. 25, 2021 |
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Agreements term | 10 years | |
Ownership percentage | 100.00% | |
Consideration for the equipment rights | $ 2,500,000 | |
Consideration for the equipment rights in cash | 500,000 | |
Consideration for the equipment rights paid next quarter | 500,000 | |
Consideration for the equipment rights paid in full | $ 250,000 | |
Royalty fees percentage | 12.5 | |
Technology Rights Agreement | ||
Consideration for the equipment rights in cash | $ 2,500,000 | |
Additional consideration for the equipment rights | 1,000,000 | |
Consideration for the equipment rights | $ 10,000,000 | |
Market value price per share | $ 0.505 | $ 0.37 |
Unrestricted common shares of stock value | $ 6,500,000 | |
Shares issued | 12,871,287 | |
Fair market value of shares issued | $ 4,762,376 | |
Fair value total consideration | $ 8,262,376 |
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- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. No definition available.
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- Definition Term of lessee's operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. No definition available.
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- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. No definition available.
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- References No definition available.
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- References No definition available.
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- Definition Price of a single share of a number of saleable stocks paid or offered to be paid in a business combination. No definition available.
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- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Monetary value of common stock allocated to investors to buy shares of a new issue of common stock before they are offered to the public. When stock is sold on a subscription basis, the issuer does not initially receive the total proceeds. In general, the issuer does not issue the shares to the investor until it receives the entire proceeds. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Fair value of contingent consideration in a business combination that is classified in shareholders' equity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Fair value of the entity's equity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The parent entity's interest in net assets of the subsidiary, expressed as a percentage. No definition available.
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- Definition The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Cash received on stock transaction after deduction of issuance costs. No definition available.
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- Definition Number of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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