Stockholders' Equity (Deficit)

6 Months Ended

Sep. 30, 2022

Stockholders' Equity Note [Abstract]

STOCKHOLDERS' EQUITY (DEFICIT)

NOTE 9: STOCKHOLDERS’ EQUITY (DEFICIT)

The Company has 7,250,000 shares of preferred stock and 250,000,000 shares of common stock authorized at $0.001 par value per share, and there were 18,567,083 and 12,996,958 common shares issued and outstanding at September 30, 2022 and March 31, 2022, respectively, and no shares of preferred stock issued and outstanding, respectively.

In September 2022, the Company issued 12,996,958 shares of common stock to acquire Banner per the Agreement. The shares were valued at $0.41 per share ($5,328,753) as that was the value per share of the common stock at closing.

There were no equity transactions for the six months ended September 30, 2021.

Stock Options

As of September 30, 2022, there remains 10,000 fully vested stock options that expire November 2023 at a $0.10 strike price. There is no stock-based compensation for the six-month and three-month periods ended September 30, 2022 and 2021. The intrinsic value of these options at September 30, 2022 is $2,300.