Reverse Merger (Tables)

6 Months Ended

Sep. 30, 2022

Reverse Merger [Abstract]

Schedule of purchase price

Current assets	$	124,760
Fixed assets		6,912
Right of use assets		128,755
Other non-current assets		10,000
Notes payable		(436,471	)
Lease liabilities		(128,755	)
Accounts payable and accrued expenses		(1,034,594	)
Goodwill		3,613,144
Purchase price	$	2,283,751

Schedule of pro forma consolidated balance sheet

	Historical
	Enviro			Banner			Other			Other
	Technologies			Midstream			Transaction			Transaction
	U.S., Inc.			Corp.			Adjustments			Adjustments			Pro Forma
ASSETS							(1)			(2)
CURRENT ASSETS
Cash	$	10,879		$	99,452		$	-		$	(10,879	)	$	99,452
Accounts receivable		6,397			164,388			-			(6,397	)		164,388
Prepaid expenses and other current assets		2,679			382,373			-			(2,679	)		382,373
Inventory		114,614			-			-			(114,614	)		-
Current assets held for sale		-			-			-			-			-
Total current assets		134,569			646,213			-			(134,569	)		646,213
NON-CURRENT ASSETS
Property and equipment, net		7,119			2,506,738			-			(7,119	)		2,506,738
Intangible assets, net		-			1,716,331			-			-			1,716,331
Right of use asset - financing leases		-			301,126			-			-			301,126
Right of use asset - operating leases		141,388			64,094			-			(141,388	)		64,094
Other assets		10,143			-			-			(10,143	)		-
Goodwill		-			4,900,873			-			-			4,900,873
Non-current assets held for sale		-			-			-			-			-
Total non-current assets		158,650			9,489,162			-			(158,650	)		9,489,162
TOTAL ASSETS	$	293,219		$	10,135,375		$	-		$	(293,219	)	$	10,135,375
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable and accrued expenses	$	358,859		$	373,697		$	-		$	(358,859	)	$	373,697
Accrued expenses - related party		840,565			1,116,698			-			(840,565	)		1,116,698
Current portion of lease liability - financing leases		-			145,174			-			-			145,174
Current portion of lease liability - operating leases		51,835			45,004			-			(51,835	)		45,004
Current portion of long-term debt		-			572,644			-			-			572,644
Due to Ecoark Holdings		-			8,777,545			-			-			8,777,545
Loans payable, current portion		114,155			-			-			(114,155	)		-
Loans payable - related parties		53,000			-			-			(53,000	)		-
Current liabilities held for sale		-			-			-			-			-
Total current liabilities		1,418,414			11,030,762			-			(1,418,414	)		11,030,762
NON-CURRENT LIABILITIES
Long-term debt, net of current portion		-			67,511			-			-			67,511
Loan payable, net of current portion		147,816			-			-			(147,816	)		-
Lease liability - financing leases, net of current portion		-			149,884			-			-			149,884
Lease liability - operating leases, net of current portion		89,553			22,519			-			(89,553	)		22,519
Non-current liabilities held for sale		-			-			-			-			-
		237,369			239,914			-			(237,369	)		239,914
Total liabilities		1,655,783			11,270,676			-			(1,655,783	)		11,270,676
STOCKHOLDERS’ EQUITY (DEFICIT)
Preferred stock, $0.001 par value		-			-			-			-			-
Common stock, $0.001 par value		5,571			557			6,868			-			12,996
Additional paid-in capital		15,390,553			1,622,915			(16,765,556	)		1,362,564			1,610,476
Accumulated deficit		(16,758,688	)		(2,758,773	)		16,758,688			-			(2,758,773	)
Total stockholders’ equity (deficit)		(1,362,564	)		(1,135,301	)		-			1,362,564			(1,135,301	)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	293,219		$	10,135,375		$	-		$	(293,219	)	$	10,135,375