10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended June 30, 2019

or

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the Transition Period from _________ to _________

Commission file number: 333-188920

INTELLISENSE SOLUTIONS INC.

(Exact name of registrant as specified in its charter)

Nevada	47-4257143
(State or other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification No.)

20 Raoul Wallenberg St Tel Aviv, Israel	6971916
(Address of Principal Executive Offices)	(Zip Code)

(480) 659-6404

(Registrant’s telephone number, including area code)

N/A

(Former Name or Former Address, if Changed Since Last Report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
None	N/A	N/A

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [  ]

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [  ] No [X]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a small reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	[  ]	Accelerated filer	[  ]
Non-accelerated filer	[X]	Smaller reporting company	[X]
		Emerging Growth Company	[X]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act: [  ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [X] No  [  ]

As of August 14, 2019, there were 2,574,680 shares of the registrant’s common stock outstanding.

INTELLISENSE SOLUTIONS INC.

FORM 10-Q

FOR THE THREE MONTHS ENDED JUNE 30, 2019

TABLE OF CONTENTS

		Page
PART I. FINANCIAL INFORMATION		3
ITEM 1	Financial Statements	3
	Consolidated Balance Sheets as of June 30, 2019 (unaudited) and March 31, 2019	3
	Consolidated Statements of Operations for the Three months Ended June 30, 2019 and 2018 (unaudited)	4
	Consolidated Statements of Changes in Shareholders’ Deficit for the Three months Ended June 30, 2019 and 2018 (unaudited)	5
	Consolidated Statements of Cash Flows for the Three months Ended June 30, 2019 and 2018 (unaudited)	6
	Notes to Consolidated Financial Statements (unaudited)	7
ITEM 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	11
ITEM 3.	Quantitative and Qualitative Disclosures about Market Risk	13
ITEM 4.	Controls and Procedures	13
PART II. OTHER INFORMATION		14
ITEM 1.	Legal Proceedings	14
ITEM 1A.	Risk Factors	14
ITEM 2.	Unregistered Sales of Equity Securities and Use of Proceeds	14
ITEM 3.	Defaults Upon Senior Securities	14
ITEM 4.	Mine Safety Disclosures	14
ITEM 5.	Other Information	14
ITEM 6.	Exhibits	15
SIGNATURES		16

2

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

INTELLISENSE SOLUTIONS INC.

Consolidated Balance Sheets

As of June 30, 2019 (unaudited) and March 31, 2019

	June 30, 2019			March 31, 2019
ASSETS
Current assets:
Cash and cash equivalents	$	8,979		$	26,322
Total assets	$	8,979		$	26,322
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accounts payable and accrued expenses	$	10,708		$	-
Accounts payable to related party		27,000			28,167
Notes payable to related parties		185,000			170,000
Total current liabilities		222,708			198,167
Stockholders’ deficit:
Common stock, par value $0.001 per share, 75,000,000 shares authorized; 2,574,480 shares issued and 2,574,680 outstanding as of June 30, 2019 and 2,529,680 shares issued and outstanding as of March 31, 2019.		2,574			2,529
Additional paid-in capital		75,095			70,619
Subscription receivable		(300	)		-
Accumulated deficit		(291,098	)		(244,993	)
Total stockholders’ deficit		(213,729	)		(171,845	)
Total liabilities and stockholders’ deficit	$	8,979		$	26,322

The accompanying notes are an integral part of these unaudited consolidated financial statements

3

INTELLISENSE SOLUTIONS, INC.

Consolidated Statements of Operations

For the Three months Ended June 30, 2019 and 2018

(unaudited)

	Three Months Ended
	June 30, 2019			June 30, 2018
OPERATING EXPENSES
Professional fees	$	33,445		$	8,109
General & administrative		8,621			296
Total operating expenses		42,066			8,405
OTHER (EXPENSE):
Interest expense		(4,039	)		(1,279	)
Total other expense		(4,039	)		(1,279	)
NET (LOSS)	$	(46,105	)	$	(9,684	)
Net loss per share – basic and diluted	$	(0.02	)	$	(0.00	)
Weighted average number of shares outstanding - basic and diluted		2,539,180			2,529,680

The accompanying notes are an integral part of these unaudited consolidated financial statements

4

INTELLISENSE SOLUTIONS INC.

Consolidated Statement of Changes in Shareholders’ (Deficit)

For the Three months Ended June 30, 2019 and 2018

(unaudited)

					Additional
	Common stock				Paid-in		Accumulated			Subscription
	Shares		Amount		Capital		Deficit			receivable			Total
Balance at March 31, 2018		2,529,680		2,529		70,619		(145,453	)		-			(72,305	)
								(9,684	)		-			(9,684	)
Balance at June 30, 2018		2,529,680		2,529		70,619		(155,137	)		-			(81,989	)
Balance at March 31, 2019		2,529,680		2,529		70,619		(244,993	)		-			(171,845	)
Shares issued for services		15,000		15		1,485		-			-			1,500
Warrants issued for services		-		-		2,721		-			-			2,721
Warrants exercised		30,000		30		270		-			-			300
Subscription receivable											(300	)		(300	)
Net loss		-		-		-		(46,105	)					(46,105	)
Balance at June 30, 2019		2,574,680	$	2,574	$	75,095	$	(291,098	)		(300	)	$	(213,129	)

The accompanying notes are an integral part of these unaudited consolidated financial statements

5

INTELLISENSE SOLUTIONS INC.

Consolidated Statements of Cash Flows

For the Three months Ended June 30, 2019 and 2018 (unaudited)

	For the three months ended June 30, 2019			For the three months ended June 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss)	$	(46,105	)	$	(9,684	)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock based compensation		4,221			-
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities		10,708			(2,942	)
Accounts payable to related party		(1,167	)		2,709
Net cash used in operating activities		(32,343	)		(9,917	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on notes payable		-			(10,000	)
Proceeds from notes payable to related parties		15,000			60,000
Net cash provided by financing activities		15,000			50,000
NET CHANGE IN CASH		(17,343	)		40,083
CASH AT BEGINNING OF PERIOD		26,322			10,153
CASH AT END OF PERIOD	$	8,979		$	50,236
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for:
Interest	$	-		$	3,321
Interest	$	-		$	3,321
NONCASH INVESTING AND FINANCIAL ACTIVITIES
Stock subscription receivable		300			-

The accompanying notes are an integral part of these unaudited consolidated financial statements

6

INTELLISENSE SOLUTIONS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

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. We were initially engaged in the business of developing web portals to allow companies and individuals to engage in the purchase and sale of vegetarian food products over the Internet. However, we never achieved commercial sales or developed any significant operations. We currently are pursuing acquiring or merging with an entity with significant operations in order to create a viable business model and value for our shareholders. Our objectives are extremely general and do not restrict the discretion of our board of directors to search for and enter into potential business opportunities or to reject any such opportunities.

On January 10, 2019, we formed Canna Patch Ltd., an Israeli corporation (“Canna Patch”), which is 90% owned by the Company and 10% owned by Mr. Rafael Ezra, Canna Patch’s chief technology officer. 

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Basis of Presentation

The unaudited interim financial statements contained in this quarterly report have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules of the Securities and Exchange Commission (“SEC”) for interim financial information and do not include all of the information or disclosures required by U.S. GAAP for annual financial statements. Accordingly, these unaudited interim consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s Annual Report on Form 10- K as of and for the year ended March 31, 2019, as filed with the SEC on July 9, 2019. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year, or any other period.

Going Concern

As of June 30, 2019, the accompanying consolidated 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 $219,098 and negative working capital of $213,729. Presently, the Company does not have sufficient cash resources to effectuate its business plans in the next twelve months. In view of these matters, recoverability of any asset amounts shown in the accompanying audited consolidated 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 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.

Note 2 – Significant Accounting Policies

This summary of significant accounting policies is presented to assist the reader in understanding and evaluating the Company’s consolidated financial statements. These accounting policies conform to US GAAP and have been consistently applied in the preparation of the consolidated financial statements.

Cash and Cash Equivalents

Cash and cash equivalents as of June 30, 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 consolidated 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.

Principles of Consolidation

The accompanying financial statements reflect the consolidation of the individual financial statements of Intellisense Solutions, Inc. and Canna Patch Ltd. All significant intercompany accounts and transactions have been eliminated.

8

Related Party Transactions

The Company follows ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transactions.

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.

Note 3 – COMMON STOCK

As of March 31, 2019 the Company had 2,529,680 shares issued and outstanding.

On May 1, 2019, the Company entered into a service agreement (the “Optima Service Agreement”) with Oded Gilboa, our Chief Financial Officer, and Optima Solutions Ltd. an Israeli corporation (“Optima”). Under the terms of the Optima Service Agreement, the Company will issue 15,000 share of common stock of the Company along with warrants to purchase 90,000 shares of the Company’s common stock, at an exercise price of $0.01 per share which vest as follows (i) 30,000 shares as of May 1, 2019; (ii) 30,000 shares as of January 1, 2020; and (iii) 30,000 shares as of January 1, 2021. Such warrants were valued at $8,164, using Black-Scholes pricing model. Assumptions used in the valuation included the following: a) market value of stock on measurement date of $0.10; b) risk-free rate of 2.47%; and c) dividend yield of 0%. The Company expensed $2,721, for the three-month period ended June 30, 2019 to reflect the vested amount of warrants.

On June 3, 2019, 15,000 shares were issued, as per the Optima Service Agreement. The shares were valued at $0.10 per share and considered not forfeitable and fully earned on the date of the issuance.

On June 3, 2019, the Chief Financial Officer exercised the warrant to purchase 30,000 shares of common stock of the Company at $0.01 per share. As of June 30, 2019, the Company recorded a $300 stock subscription receivable for this issuance. 29,800 of these shares were issued as of June 30, 2019 with the intent of issuing the remaining 200 share subsequent to  June 30, 2019.

There was no issuance of common stock for the three months ended June 30, 2018.

Note 4 – NOTES PAYABLE

Notes payable – Short-term consisted of the following as of:

	June 30, 2019		March 31, 2019
Note payable to related party, 8% interest per annum, due on September 30, 2019		15,000		15,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		15,000		15,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		15,000		15,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		15,000		15,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		15,000		15,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		10,000		10,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		10,000		10,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		10,000		10,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		10,000		10,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		10,000		10,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		10,000		10,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		10,000		10,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		10,000		10,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		15,000		15,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		15,000		-
	$	185,000	$	170,000

9

On May 15, 2018, the Company entered into a first amendment to the convertible promissory note agreement with Trius Holdings Limited. This agreement became due and payable on or before May 17, 2019 and was paid off on August 24, 2018.

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, each in the principal amount of $15,000, 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 Yaad Consulting & Management Services (1995) Ltd., each in the principal amount of $10,000, 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 Yaad Consulting & Management Services (1995) Ltd. in the principal amount of $15,000, totaling $45,000. The notes accrue interest at a rate of 8% per annum and are each due on September 30, 2019.

On April 4, 2019, the Company issued a promissory note to Nir Reinhold in the principal amount of $15,000. The note accrues interest at a rate of 8% per annum and is due on September 30, 2019.

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.

Note 5 – 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.

On April 4, 2019, the Company issued a promissory note to Nir Reinhold in the principal amount of $15,000. The note accrues interest at a rate of 8% per annum and is due on September 30, 2019.

On March 20, 2019, the Company issued promissory notes to four investors, Amir Uziel, Lavi Krasney and L.I.A. Pure Capital Ltd. for $10,000 each, and Yaad Consulting & Management Services (1995) Ltd. in the principal amount of $15,000, totaling $45,000. The notes accrue interest at a rate of 8% per annum and are each due on September 30, 2019.

On November 2, 2018, the Company issued promissory notes to five investors, Amir Uziel, Lavi Krasney, L.I.A. Pure Capital Ltd., Nir Reinhold and Yaad Consulting & Management Services (1995) Ltd, each in the principal amount of $10,000, totaling $50,000. The notes accrue interest at a rate of 8% per annum and are each due on September 30, 2019.

On June 6, 2018, the Company issued promissory notes to five investors, Amir Uziel, Lavi Krasney, L.I.A. Pure Capital Ltd., Nir Reinhold and Yaad Consulting & Management Services (1995) Ltd, each in the principal amount of $15,000, totaling $75,000. The notes accrue interest at a rate of 8% per annum and are each due on September 30, 2019.

During the three months ended June 30, 2019, we borrowed $15,000 under one promissory note. The balance payable to such five investors as of June 30, 2019 in aggregate was $185,000 of principal and $10,708 of accrued interest. These note holders are considered to be related parties due to their influence.

On May 1, 2019, we entered into the Optima Service Agreement with Oded Gilboa, our Chief Financial Officer, and Optima, pursuant to which Mr. Gilboa will provide, among other things, certain administrative and accounting services to the Company. In consideration therefor, Mr. Gilboa will be (i) paid $6,000 per month and $300 per month for bookkeeping services related to Canna Patch Ltd. and (ii) issued 15,000 shares of our common stock and a three-year Class A warrant to purchase an aggregate of 90,000 shares of common stock at an exercise price of $0.01 per share which may be exercised on a cashless as to 30,000 shares on each of May 1, 2019, January 1, 2020, and January 1, 2021. Pursuant to the Optima Services Agreement, the Company has an outstanding payable balance of $27,000 due to Optima as of June 30, 2019. (See Note 3 for equity awards).

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.

Note 6 – SUBSEQUENT EVENTS

On July 4, 2019, the Company issued promissory notes to four investors, Amir Uziel, Lavi Krasney, L.I.A. Pure Capital Ltd. and Yaad Consulting & Management Services (1995) Ltd. each in the principal amount of $10,000 totaling $40,000. 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.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward-Looking Statements

This Management’s Discussion and Analysis of Financial Condition and Results of Operations includes a number of forward-looking statements that reflect management’s current views with respect to future events and financial performance. Forward-looking statements are projections in respect of future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other comparable terminology. Those statements include statements regarding the intent, belief or current expectations of us and members of our management team as well as the assumptions on which such statements are based. Such forward-looking statements are not guarantees of future performance and involve risk and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.

Management has included projections and estimates in the unaudited interim consolidated financial statements contained in this quarterly report, which are based primarily on management’s experience in the industry, assessments of our results of operations, discussions and negotiations with third parties and a review of information filed by our competitors with the SEC or otherwise publicly available. We caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

As used in this Quarterly Report on Form 10-Q and unless otherwise indicated, all references to the “Company,” “Intellisense Solutions,” “Intellisense,” “we,” “us” or “our” are to Intellisense Solutions Inc.

Corporate Overview

We were incorporated under the laws of the State of Nevada on March 22, 2013 with 75,000,000 shares authorized. We were initially engaged in the business of developing web portals to allow companies and individuals to engage in the purchase and sale of vegetarian food products over the Internet. However, were not able to execute our original business plan, develop significant operations or achieve commercial sales. We currently are pursuing acquiring or merging with an entity with significant operations in order to create a viable business model and value for our shareholders.

We received initial funding in March 2014 of $19,980 through the sale of common stock to our two former officers and directors, who purchased an aggregate of 1,998,000 shares at $0.01 per share.

From May 2018 through March 2019, the Company issued promissory notes in the aggregate principal amount of $ 185,000 to five investors, Amir Uziel, Lavi Krasney, L.I.A. Pure Capital Ltd., Nir Reinhold and Yaad Consulting & Management Services (1995) Ltd. (“Yaad”). The notes accrue interest at a rate of 8% per annum and are each due on September 30, 2019.

On June 15, 2015, Neil Reithinger was appointed as President, Treasurer, Secretary and a director of the Company, and was the Company’s sole director and officer until his resignation on January 8, 2019. On that date Eyal Ben Ami was appointed President and served in such position until his resignation and the appointment of Idan Maimon as Chief Executive Officer of the Company on April 4, 2019. On November 2, 2018, Oded Gilboa was appointed Chief Financial Officer of the Company

On November 15, 2018, 1,998,000 shares or 79% of the Company’s 2,529,680 then issued and outstanding shares were purchased by fourteen investors under a Share Purchase Agreement from two previous controlling shareholders. One of the investors is currently a more than 10% shareholder.

Since inception, we have had limited operating activities, primarily consisting of the incorporation of our company, the initial equity funding by our officers and directors and designing our website.

On January 10, 2019, we formed Canna Patch Ltd., an Israeli corporation (“Canna Patch”), which is 90% owned by the Company and 10% owned by Mr. Rafael Ezra, Canna Patch’s chief technology officer. 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. 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.

11

In addition, under the Agreement Canna Patch has the right of first review of any newly developed use of the patch used in Yissum’s research to deliver chemical constitutes other than cannabis. During the option exercise or negotiation period until the execution of a license agreement, Yissum will not enter into discussions or agreements with any third party or accept or negotiate any offer with respect to a transaction or any rights to or interests in the Study results. The Agreement includes customary confidentiality provisions for the term of the Agreement and thereafter and provides that Canna Patch indemnifies Yissum and Hebrew University for any liability which is derived from Canna Patch’s use of the Study results. Either party may terminate the Agreement upon insolvency or bankruptcy or upon a breach that is not cured within 60 days of receipt of notice thereof. Yissum may terminate the Agreement upon 30 days prior written notice for (i) unauthorized early termination of the research or failure to fund the Study in accordance with the terms of the Agreement or (ii) upon attachment of Canna Patch’s assets or execution proceedings not set aside within 90 days. Canna Patch may terminate the Agreement after the first stage of the Study within 14 days of receipt of the Interim Report.

There can be no assurance that the results of the Study will be successful or that the Company will desire to enter into a license agreement. Even if successful, going forward, we may continue to seek, investigate and, if such investigation warrants, engage in a business combination with a private entity whose business presents an opportunity for our shareholders. Our objectives are extremely general and do not restrict the discretion of our board of directors to search for and enter into potential business opportunities or to reject any such opportunities.

Our financial statements from inception (March 22, 2013) through June 30, 2019 report no revenues and an accumulated deficit of $291,098, working capital deficit is $213,729. Our independent auditor issued an audit opinion for our Company for the year ended March 31, 2019, which includes a statement expressing substantial doubt as to our ability to continue as a going concern.

Our principal offices are located at 20 Raoul Wallenberg St. Tel Aviv, Israel

Results of Operations

Revenue

We did not earn any revenues in the three months ended June 30, 2019 and 2018.

Expenses

Our operating expenses during the three months ended June 30, 2019 and June 30, 2018 were $42,066 and $8,405, respectively. The increase was mainly due to professional and board of directors fees as well as legal fees paid during the three months ended June 30, 2019.

Other expenses during the three months ended June 30, 2019 and June 30, 2018 were $4,039 and $1,279, respectively, and were comprised of interest expense to note holders. The increase was due to a greater number of promissory notes outstanding as of June 30, 2019 compared to June 30, 2018.

Liquidity and Capital Resources

As of June 30, 2019, we had a cash balance of $8,979. During the three months ended June 30, 2019, we borrowed $15,000 from a related party to fund ongoing operational expenses. The note accrue interest at a rate of 8% per annum and is due on September 30, 2019. We do not have sufficient cash resources to effectuate our business plans in the next twelve months. We will need to raise capital to fund our ongoing operational expenses. Such capital will likely come from loans and/or the sale of additional equity securities. We do not have any financing arranged and we cannot provide investors with any assurance that we will be able to raise sufficient funding. In the absence of such financing, our business will likely fail. There are no assurances that we will be able to achieve further sales of our common stock or any other form of additional financing.

Going Concern

Our unaudited interim consolidated financial statements contained in this quarterly report have been prepared assuming that we will continue as a going concern. We recorded a net loss of $46,105 for the three months ended June 30, 2019 and we have an accumulated deficit of $291,098 and a working capital deficit of $213,729 as of June 30, 2019. Presently, we do not have sufficient cash resources to effectuate our business plans for the next twelve months. These factors raise substantial doubt about our ability to continue as a going concern. Since inception, we have financed our activities from loans and the sale of equity securities. We intend on financing our future development activities and our working capital needs from loans and/or the sale of additional equity securities until such time that funds provided by operations are sufficient to fund working capital requirements. There are no assurances that we will be able to achieve further sales of our common stock or any other form of additional financing. The unaudited interim consolidated financial statements contained in this quarterly report do not include any adjustments that may be necessary should we be unable to continue as a going concern. Our continuation as a going concern is dependent upon its ability to obtain additional financing or merge with an operating company that is a going concern as may be required and to ultimately attain profitability.

12

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements.

Recent Accounting Pronouncements

We do not believe that any recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on our unaudited interim condensed financial statements.

Item 3. Quantitative and Qualitative Disclosures about Market Risk

The Company is a smaller reporting company and is not required to provide this information.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures.

Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, as of June 30, 2019, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended. Based on this evaluation, our principal executive officer and principal financial officer have concluded that, based on the material weaknesses discussed below, our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed by us in reports filed or submitted under the Securities Exchange Act were recorded, processed, summarized, and reported within the time periods specified in the Securities and Exchange Act Commission’s rules and forms and that our disclosure controls are not effectively designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act is accumulated and communicated to management, including our principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

Our internal controls are not effective for the following reasons:

(i) there is an inadequate segregation of duties consistent with control objectives as management is comprised of only two persons, one of which is the Company’s principal executive officer and principal financial officer and, (ii) the Company does not have a formal audit committee with a financial expert, and thus the Company lacks the board oversight role within the financial reporting process.

We would need to hire additional staff to provide greater segregation of duties. Currently, it is not feasible to hire additional staff to obtain optimal segregation of duties due to limited resources

Going forward, we intend to evaluate our processes and procedures and, where practicable and resources permit, implement changes in order to have more effective controls over financial reporting.

Management believes the weaknesses identified above have not had any material effect on our financial statements. However, we are currently reviewing our disclosure controls and procedures related to these material weaknesses and expect to implement changes as soon as practicable, including identifying specific areas within our governance, accounting and financial reporting processes to add adequate resources to remediate these material weaknesses.

Changes in Internal Control Over Financial Reporting

There were no changes in our internal control over financial reporting during the three months ended June 30, 2019 that have materially affected or are reasonably likely to materially affect our internal control over financial reporting.

13

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

There are no pending legal proceedings to which the Company is a party or in which any director, officer or affiliate of the Company, any owner of record or beneficially of more than 5% of any class of voting securities of the Company, or security holder is a party adverse to the Company or has a material interest adverse to the Company. The Company’s property is not the subject of any pending legal proceedings.

Item 1A. Risk Factors

The Company is a smaller reporting company and is not required to provide this information.

Item 2. Unregistered Sales of Equity Securities and Use Of Proceeds

Except as set forth below, there were no sales of equity securities sold during the period covered by this Report that were not registered under the Securities Act and were not previously reported in a Current Report on Form 8-K filed by the Company.

On June 3, 2019, we issued an aggregate of 44,800 shares of common stock to Oded Gilboa, our Chief Financial Officer, pursuant to the Optima Service Agreement with the Company.

The above issuance did not involve any underwriters, underwriting discounts or commissions, or any public offering and we believe is exempt from the registration requirements of the Securities Act of 1933 by virtue of Section 4(2) thereof and/or Regulation D promulgated thereunder.

Item 3. Defaults upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not Applicable.

Item 5. Other Information

None.

14

ITEM 6. EXHIBITS

Exhibit
Number	Description
(10)	Material Contracts
(31)	Rule 13a-14(a)/15d-14(a) Certification
31.1*	Section 302 Certification under the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer
(32)	Section 1350 Certification
32.1*	Section 906 Certification under the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer
(101)**	Interactive Data Files
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

*

Filed herewith.

**

Furnished herewith. Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of any registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, and otherwise are not subject to liability under those sections.

15

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

INTELLISENSE SOLUTIONS INC.

By:	/s/ Idan Maimon
	Eyal Ben Ami
	Chief Executive Officer
	(Principal Executive Officer)

Date: August 14, 2019

By:	/s/ Oded Gilboa
	Oded Gilboa
	Chief Financial Officer
	(Principal Financial Officer and Principal Accounting Officer)

Date: August 14, 2019

16

EX-31.1

Exhibit 31.1

INTELLISENSE SOLUTIONS INC.

CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Idan Maimon, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of Intellisense Solutions Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)	designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)	designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c)	evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)	disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)	all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b)	any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

By:	/s/ Idan Maimon
	Idan Maimon
	Chief Executive Officer
	(Principal Executive Officer)

Date: August 14, 2019

Exhibit 31.2

INTELLISENSE SOLUTIONS INC.

CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Oded Gilboa, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of Intellisense Solutions Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)	designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)	designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c)	evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)	disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)	all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b)	any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

By:	/s/ Oded Gilboa
	Oded Gilboa
	Chief Financial Officer
	(Principal Financial Officer and Principal Accounting Officer)

Date: August 14, 2019

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

The undersigned, Idan Maimon, hereby certifies, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1. The Quarterly Report on Form 10-Q of Intellisense Solutions Inc. (the “Company”) for the three months ended June 30, 2019 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company

By:	/s/ Idan Maimon
	Idan Maimon
	Chief Executive Officer
	(Principal Executive Officer)

Date: August 14, 2019

Exhibit 32.2

CERTIFICATION PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

The undersigned, Oded Gilboa, hereby certifies, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1. The Quarterly Report on Form 10-Q of Intellisense Solutions Inc. (the “Company”) for the three months ended June 30, 2019 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

By:	/s/ Oded Gilboa
	Oded Gilboa
	Chief Financial Officer
	(Principal Financial Officer and Principal Accounting Officer)

Date: August 14, 2019

XML

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2019	Aug. 14, 2019
Document And Entity Information
Entity Registrant Name	Intellisense Solutions Inc.
Entity Central Index Key	0001577445
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	true
Entity Common Stock, Shares Outstanding		2,574,680
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2020

XML

Consolidated Balance Sheets - USD ($)	Jun. 30, 2019	Mar. 31, 2019
Current assets:
Cash and cash equivalents	$ 8,979	$ 26,322
Total assets	8,979	26,322
Current liabilities:
Accounts payable and accrued expenses	10,708
Accounts payable to related party	27,000	28,167
Notes payable to related parties	185,000	170,000
Total current liabilities	222,708	198,167
Stockholders' deficit:
Common stock, par value $0.001 per share, 75,000,000 shares authorized; 2,574,480 shares issued and 2,574,680 outstanding as of June 30, 2019 and 2,529,680 shares issued and outstanding as of March 31, 2019.	2,574	2,529
Additional paid-in capital	75,095	70,619
Subscription receivable	(300)
Accumulated deficit	(291,098)	(244,993)
Total stockholders' deficit	(213,729)	(171,845)
Total liabilities and stockholders' deficit	$ 8,979	$ 26,322

XML

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2019	Mar. 31, 2019
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	2,574,480	2,529,680
Common stock, shares outstanding	2,574,480	2,529,680

XML

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
OPERATING EXPENSES
Professional fees	$ 33,445	$ 8,109
General & administrative	8,621	296
Total operating expenses	42,066	8,405
OTHER (EXPENSE):
Interest expense	(4,039)	(1,279)
Total other expense	(4,039)	(1,279)
NET (LOSS)	$ (46,105)	$ (9,684)
Net loss per share - basic and diluted	$ (0.02)	$ (0.00)
Weighted average number of shares outstanding - basic and diluted	2,539,180	2,529,680

XML

Consolidated Statement of Changes in Shareholders' (Deficit) (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Subscription Receivable [Member]	Total
Balance at Mar. 31, 2018	$ 2,529	$ 70,619	$ (145,453)		$ (72,305)
Balance, shares at Mar. 31, 2018	2,529,680
Net loss			(9,684)		(9,684)
Balance at Jun. 30, 2018	$ 2,529	70,619	(155,137)		(81,989)
Balance, shares at Jun. 30, 2018	2,529,680
Balance at Mar. 31, 2019	$ 2,529	70,619	(244,993)		(171,845)
Balance, shares at Mar. 31, 2019	2,529,680
Shares issued for services	$ 15	1,485			1,500
Shares issued for services, shares	15,000
Warrants issued for services		2,721			2,721
Warrants exercised	$ 30	270			300
Warrants exercised, shares	30,000
Subscription receivable				(300)	(300)
Net loss			(46,105)		(46,105)
Balance at Jun. 30, 2019	$ 2,574	$ 75,095	$ (291,098)	$ (300)	$ (213,729)
Balance, shares at Jun. 30, 2019	2,574,680

XML

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss)	$ (46,105)	$ (9,684)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock based compensation	4,221
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities	10,708	(2,942)
Accounts payable to related party	(1,167)	2,709
Net cash used in operating activities	(32,343)	(9,917)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on notes payable		(10,000)
Proceeds from notes payable to related parties	15,000	60,000
Net cash provided by financing activities	15,000	50,000
NET CHANGE IN CASH	(17,343)	40,083
CASH AT BEGINNING OF PERIOD	26,322	10,153
CASH AT END OF PERIOD	8,979	50,236
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for: Interest		3,321
Cash paid for: Interest		3,321
NONCASH INVESTING AND FINANCIAL ACTIVITIES
Stock subscription receivable	$ 300

XML

Nature of Operations and Basis of Presentation

3 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

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. We were initially engaged in the business of developing web portals to allow companies and individuals to engage in the purchase and sale of vegetarian food products over the Internet. However, we never achieved commercial sales or developed any significant operations. We currently are pursuing acquiring or merging with an entity with significant operations in order to create a viable business model and value for our shareholders. Our objectives are extremely general and do not restrict the discretion of our board of directors to search for and enter into potential business opportunities or to reject any such opportunities.

On January 10, 2019, we formed Canna Patch Ltd., an Israeli corporation (“Canna Patch”), which is 90% owned by the Company and 10% owned by Mr. Rafael Ezra, Canna Patch’s chief technology officer. 

Basis of Presentation

The unaudited interim financial statements contained in this quarterly report have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules of the Securities and Exchange Commission (“SEC”) for interim financial information and do not include all of the information or disclosures required by U.S. GAAP for annual financial statements. Accordingly, these unaudited interim consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s Annual Report on Form 10- K as of and for the year ended March 31, 2019, as filed with the SEC on July 9, 2019. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year, or any other period.

Going Concern

As of June 30, 2019, the accompanying consolidated 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 $219,098 and negative working capital of $213,729. Presently, the Company does not have sufficient cash resources to effectuate its business plans in the next twelve months. In view of these matters, recoverability of any asset amounts shown in the accompanying audited consolidated 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 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.

XML

Significant Accounting Policies

3 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

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 consolidated financial statements. These accounting policies conform to US GAAP and have been consistently applied in the preparation of the consolidated financial statements.

Cash and Cash Equivalents

Cash and cash equivalents as of June 30, 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 consolidated 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.

Principles of Consolidation

The accompanying financial statements reflect the consolidation of the individual financial statements of Intellisense Solutions, Inc. and Canna Patch Ltd. All significant intercompany accounts and transactions have been eliminated.

Related Party Transactions

The Company follows ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transactions.

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.

XML

Common Stock

3 Months Ended

Jun. 30, 2019

Equity [Abstract]

Common Stock

Note 3 – COMMON STOCK

As of March 31, 2019 the Company had 2,529,680 shares issued and outstanding.

On May 1, 2019, the Company entered into a service agreement (the “Optima Service Agreement”) with Oded Gilboa, our Chief Financial Officer, and Optima Solutions Ltd. an Israeli corporation (“Optima”). Under the terms of the Optima Service Agreement, the Company will issue 15,000 share of common stock of the Company along with warrants to purchase 90,000 shares of the Company’s common stock, at an exercise price of $0.01 per share which vest as follows (i) 30,000 shares as of May 1, 2019; (ii) 30,000 shares as of January 1, 2020; and (iii) 30,000 shares as of January 1, 2021. Such warrants were valued at $8,164, using Black-Scholes pricing model. Assumptions used in the valuation included the following: a) market value of stock on measurement date of $0.10; b) risk-free rate of 2.47%; and c) dividend yield of 0%. The Company expensed $2,721, for the three-month period ended June 30, 2019 to reflect the vested amount of warrants.

On June 3, 2019, 15,000 shares were issued, as per the Optima Service Agreement. The shares were valued at $0.10 per share and considered not forfeitable and fully earned on the date of the issuance.

On June 3, 2019, the Chief Financial Officer exercised the warrant to purchase 30,000 shares of common stock of the Company at $0.01 per share. As of June 30, 2019, the Company recorded a $300 stock subscription receivable for this issuance. 29,800 of these shares were issued as of June 30, 2019 with the intent of issuing the remaining 200 share subsequent to  June 30, 2019.

There was no issuance of common stock for the three months ended June 30, 2018.

XML

Notes Payable

3 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Notes Payable

Note 4 – NOTES PAYABLE

Notes payable – Short-term consisted of the following as of:

	June 30, 2019		March 31, 2019
Note payable to related party, 8% interest per annum, due on September 30, 2019		15,000		15,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		15,000		15,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		15,000		15,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		15,000		15,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		15,000		15,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		10,000		10,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		10,000		10,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		10,000		10,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		10,000		10,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		10,000		10,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		10,000		10,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		10,000		10,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		10,000		10,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		15,000		15,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		15,000		-
	$	185,000	$	170,000

On May 15, 2018, the Company entered into a first amendment to the convertible promissory note agreement with Trius Holdings Limited. This agreement became due and payable on or before May 17, 2019 and was paid off on August 24, 2018.

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, each in the principal amount of $15,000, 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 Yaad Consulting & Management Services (1995) Ltd., each in the principal amount of $10,000, 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 Yaad Consulting & Management Services (1995) Ltd. in the principal amount of $15,000, totaling $45,000. The notes accrue interest at a rate of 8% per annum and are each due on September 30, 2019.

On April 4, 2019, the Company issued a promissory note to Nir Reinhold in the principal amount of $15,000. The note accrues interest at a rate of 8% per annum and is due on September 30, 2019.

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.

XML

Related Party

3 Months Ended

Jun. 30, 2019

Related Party Transactions [Abstract]

Related Party

Note 5 – 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.

On April 4, 2019, the Company issued a promissory note to Nir Reinhold in the principal amount of $15,000. The note accrues interest at a rate of 8% per annum and is due on September 30, 2019.

On March 20, 2019, the Company issued promissory notes to four investors, Amir Uziel, Lavi Krasney and L.I.A. Pure Capital Ltd. for $10,000 each, and Yaad Consulting & Management Services (1995) Ltd. in the principal amount of $15,000, totaling $45,000. The notes accrue interest at a rate of 8% per annum and are each due on September 30, 2019.

On November 2, 2018, the Company issued promissory notes to five investors, Amir Uziel, Lavi Krasney, L.I.A. Pure Capital Ltd., Nir Reinhold and Yaad Consulting & Management Services (1995) Ltd, each in the principal amount of $10,000, totaling $50,000. The notes accrue interest at a rate of 8% per annum and are each due on September 30, 2019.

On June 6, 2018, the Company issued promissory notes to five investors, Amir Uziel, Lavi Krasney, L.I.A. Pure Capital Ltd., Nir Reinhold and Yaad Consulting & Management Services (1995) Ltd, each in the principal amount of $15,000, totaling $75,000. The notes accrue interest at a rate of 8% per annum and are each due on September 30, 2019.

During the three months ended June 30, 2019, we borrowed $15,000 under one promissory note. The balance payable to such five investors as of June 30, 2019 in aggregate was $185,000 of principal and $10,708 of accrued interest. These note holders are considered to be related parties due to their influence.

On May 1, 2019, we entered into the Optima Service Agreement with Oded Gilboa, our Chief Financial Officer, and Optima, pursuant to which Mr. Gilboa will provide, among other things, certain administrative and accounting services to the Company. In consideration therefor, Mr. Gilboa will be (i) paid $6,000 per month and $300 per month for bookkeeping services related to Canna Patch Ltd. and (ii) issued 15,000 shares of our common stock and a three-year Class A warrant to purchase an aggregate of 90,000 shares of common stock at an exercise price of $0.01 per share which may be exercised on a cashless as to 30,000 shares on each of May 1, 2019, January 1, 2020, and January 1, 2021. Pursuant to the Optima Services Agreement, the Company has an outstanding payable balance of $27,000 due to Optima as of June 30, 2019. (See Note 3 for equity awards).

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.

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Subsequent Events

3 Months Ended

Jun. 30, 2019

Subsequent Events [Abstract]

Subsequent Events

Note 6 – SUBSEQUENT EVENTS

On July 4, 2019, the Company issued promissory notes to four investors, Amir Uziel, Lavi Krasney, L.I.A. Pure Capital Ltd. and Yaad Consulting & Management Services (1995) Ltd. each in the principal amount of $10,000 totaling $40,000. 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.

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Significant Accounting Policies (Policies)

3 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

Cash and Cash Equivalents

Cash and Cash Equivalents

Cash and cash equivalents as of June 30, 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 consolidated 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.

Principles of Consolidation

Principles of Consolidation

The accompanying financial statements reflect the consolidation of the individual financial statements of Intellisense Solutions, Inc. and Canna Patch Ltd. All significant intercompany accounts and transactions have been eliminated.

Related Party Transactions

Related Party Transactions

The Company follows ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transactions.

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.

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Notes Payable (Tables)

3 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Schedule of Notes Payable

Notes payable – Short-term consisted of the following as of:

	June 30, 2019		March 31, 2019
Note payable to related party, 8% interest per annum, due on September 30, 2019		15,000		15,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		15,000		15,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		15,000		15,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		15,000		15,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		15,000		15,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		10,000		10,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		10,000		10,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		10,000		10,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		10,000		10,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		10,000		10,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		10,000		10,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		10,000		10,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		10,000		10,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		15,000		15,000
Note payable to related party, 8% interest per annum, due on September 30, 2019		15,000		-
	$	185,000	$	170,000

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Nature of Operations and Basis of Presentation (Details Narrative) - USD ($)	Jun. 30, 2019	Mar. 31, 2019
Accounting Policies [Abstract]
Accumulated deficit	$ (291,098)	$ (244,993)
Working capital deficit	$ 213,729

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Common Stock (Details Narrative)			3 Months Ended	6 Months Ended
	Jun. 03, 2019 $ / shares shares	May 01, 2019 $ / shares shares	Jun. 30, 2018 shares	Jun. 30, 2019 USD ($) $ / shares shares	Jul. 01, 2019 shares	Mar. 31, 2019 USD ($) shares
Common stock, shares issued				2,574,480		2,529,680
Common stock, shares outstanding				2,574,480		2,529,680
Number of common stock issued				29,800
Subscription receivable | $				$ 300
Warrant [Member]
Warrants fair value | $				8,164
Warrants vested amount | $				$ 2,721
Warrant [Member] | Share Price [Member]
Warrants fair value measurement | $ / shares				0.10
Warrant [Member] | Risk Free Interest Rate [Member]
Warrants fair value measurement				2.47
Warrant [Member] | Dividend Yield [Member]
Warrants fair value measurement				0
Service Agreement [Member]
Warrants to purchase shares		90,000
Warrants exercise price | $ / shares		$ 0.01
Service Agreement [Member] | Warrant One [Member]
Warrants to purchase shares		30,000
Service Agreement [Member] | Warrant Two [Member]
Warrants to purchase shares		30,000
Service Agreement [Member] | Warrant Three [Member]
Warrants to purchase shares		30,000
Optima Service Agreement [Member]
Number of common stock issued	15,000
Shares issued price per share | $ / shares	$ 0.10
Chief Financial Officer [Member]
Warrants to purchase shares	30,000
Warrant price per share | $ / shares	$ 0.01
Chief Financial Officer [Member] | Subsequent Event [Member]
Warrants to purchase shares					200
Chief Financial Officer [Member] | Service Agreement [Member]
Number of common stock issued		15,000

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Notes Payable (Details Narrative) - USD ($)							3 Months Ended
	Apr. 04, 2019	Mar. 20, 2019	Nov. 02, 2018	Aug. 24, 2018	Jun. 26, 2018	Jun. 06, 2018	Jun. 30, 2019	Jun. 30, 2018
Promissory notes							$ 185,000	$ 170,000
Payments of notes payable				$ 41,000	$ 10,000			$ 10,000
Accrued interest				$ 5,655	$ 3,321
Amir Uziel [Member]
Promissory notes		$ 10,000	$ 10,000			$ 15,000
Interest rate		8.00%	8.00%			8.00%
Debt 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]
Promissory notes		$ 10,000	$ 10,000			$ 15,000
Interest rate		8.00%	8.00%			8.00%
Debt 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]
Promissory notes		$ 10,000	$ 10,000			$ 15,000
Interest rate		8.00%	8.00%			8.00%
Debt 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]
Promissory notes	$ 15,000		$ 10,000			$ 15,000
Interest rate	8.00%		8.00%			8.00%
Debt 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
Yaad Consulting & Management Services (1995) Ltd [Member]
Promissory notes		$ 15,000	$ 10,000			$ 15,000
Interest rate		8.00%	8.00%			8.00%
Debt 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
Five Investor [Member]
Promissory notes		$ 45,000				$ 75,000
Five Investors [Member]
Promissory notes			$ 50,000

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Notes Payable - Schedule of Notes Payable (Details) - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Notes payable	$ 185,000	$ 170,000
Notes Payable One [Member]
Notes payable	15,000	15,000
Notes Payable Two [Member]
Notes payable	15,000	15,000
Notes Payable Three [Member]
Notes payable	15,000	15,000
Notes Payable Four [Member]
Notes payable	15,000	15,000
Notes Payable Five [Member]
Notes payable	15,000	15,000
Notes Payable Six [Member]
Notes payable	10,000	10,000
Notes Payable Seven [Member]
Notes payable	10,000	10,000
Notes Payable Eight [Member]
Notes payable	10,000	10,000
Notes Payable Nine [Member]
Notes payable	10,000	10,000
Notes Payable Ten [Member]
Notes payable	10,000	10,000
Notes Payable Eleven [Member]
Notes payable	10,000	10,000
Notes Payable Twelve [Member]
Notes payable	10,000	10,000
Notes Payable Thirteen [Member]
Notes payable	10,000	10,000
Notes Payable Fourteen [Member]
Notes payable	15,000	15,000
Notes Payable Fifteen [Member]
Notes payable	$ 15,000

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Notes Payable - Schedule of Notes Payable (Details) (Parenthetical)	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Notes Payable One [Member]
Note payable interest rate	8.00%	8.00%
Note payable due date	Sep. 30, 2019	Sep. 30, 2019
Notes Payable Two [Member]
Note payable interest rate	8.00%	8.00%
Note payable due date	Sep. 30, 2019	Sep. 30, 2019
Notes Payable Three [Member]
Note payable interest rate	8.00%	8.00%
Note payable due date	Sep. 30, 2019	Sep. 30, 2019
Notes Payable Four [Member]
Note payable interest rate	8.00%	8.00%
Note payable due date	Sep. 30, 2019	Sep. 30, 2019
Notes Payable Five [Member]
Note payable interest rate	8.00%	8.00%
Note payable due date	Sep. 30, 2019	Sep. 30, 2019
Notes Payable Six [Member]
Note payable interest rate	8.00%	8.00%
Note payable due date	Sep. 30, 2019	Sep. 30, 2019
Notes Payable Seven [Member]
Note payable interest rate	8.00%	8.00%
Note payable due date	Sep. 30, 2019	Sep. 30, 2019
Notes Payable Eight [Member]
Note payable interest rate	8.00%	8.00%
Note payable due date	Sep. 30, 2019	Sep. 30, 2019
Notes Payable Nine [Member]
Note payable interest rate	8.00%	8.00%
Note payable due date	Sep. 30, 2019	Sep. 30, 2019
Notes Payable Ten [Member]
Note payable interest rate	8.00%	8.00%
Note payable due date	Sep. 30, 2019	Sep. 30, 2019
Notes Payable Eleven [Member]
Note payable interest rate	8.00%	8.00%
Note payable due date	Sep. 30, 2019	Sep. 30, 2019
Notes Payable Twelve [Member]
Note payable interest rate	8.00%	8.00%
Note payable due date	Sep. 30, 2019	Sep. 30, 2019
Notes Payable Thirteen [Member]
Note payable interest rate	8.00%	8.00%
Note payable due date	Sep. 30, 2019	Sep. 30, 2019
Notes Payable Fourteen [Member]
Note payable interest rate	8.00%	8.00%
Note payable due date	Sep. 30, 2019	Sep. 30, 2019
Notes Payable Fifteen [Member]
Note payable interest rate	8.00%	8.00%
Note payable due date	Sep. 30, 2019	Sep. 30, 2019

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Related Party (Details Narrative)							3 Months Ended		6 Months Ended
	May 01, 2019 USD ($) $ / shares shares	Apr. 04, 2019 USD ($)	Mar. 20, 2019 USD ($)	Jan. 08, 2019 USD ($) a	Nov. 02, 2018 USD ($)	Jun. 06, 2018 USD ($)	Jun. 30, 2019 USD ($) shares	Jun. 30, 2018 USD ($)	Jun. 30, 2019 USD ($) shares
Promissory notes							$ 185,000	$ 170,000	$ 185,000
Professional fee per month							33,445	$ 8,109
One Promissory Note [Member]
Promissory notes							$ 15,000		15,000
Nir Reinhold [Member]
Promissory notes		$ 15,000			$ 10,000	$ 15,000
Interest rate		8.00%			8.00%	8.00%
Debt due date		Sep. 30, 2019			Sep. 30, 2019	Sep. 30, 2019
Amir Uziel [Member]
Promissory notes			$ 10,000		$ 10,000	$ 15,000
Interest rate			8.00%		8.00%	8.00%
Debt due date			Sep. 30, 2019		Sep. 30, 2019	Sep. 30, 2019
Lavi Krasney [Member]
Promissory notes			$ 10,000		$ 10,000	$ 15,000
Interest rate			8.00%		8.00%	8.00%
Debt due date			Sep. 30, 2019		Sep. 30, 2019	Sep. 30, 2019
L.I.A. Pure Capital Ltd [Member]
Promissory notes			$ 10,000		$ 10,000	$ 15,000
Interest rate			8.00%		8.00%	8.00%
Debt due date			Sep. 30, 2019		Sep. 30, 2019	Sep. 30, 2019
Yaad Consulting & Management Services (1995) Ltd [Member]
Promissory notes			$ 15,000		$ 10,000	$ 15,000
Interest rate			8.00%		8.00%	8.00%
Debt due date			Sep. 30, 2019		Sep. 30, 2019	Sep. 30, 2019
Lease description				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
Area of land | a				250
Lease rent				$ 140
Five Investor [Member]
Promissory notes			$ 45,000			$ 75,000
Five Investors [Member]
Promissory notes					$ 50,000
Repayment of principal amount									185,000
Repayment of accrued interest									$ 10,708
Oded Gilboa [Member]
Professional fee per month	$ 6,000
Number of common stock shares issued services | shares	15,000
Oded Gilboa [Member] | Class A Warrant [Member]
Warrants to purchase shares of common stock | shares	90,000
Warrant exercise price | $ / shares	$ 0.01
Oded Gilboa [Member] | Class A Warrant [Member] | May 1, 2019 [Member]
Warrant exercised shares | shares							30,000		30,000
Oded Gilboa [Member] | Class A Warrant [Member] | January 1, 2020 [Member]
Warrant exercised shares | shares							30,000		30,000
Oded Gilboa [Member] | Class A Warrant [Member] | January 1, 2021 [Member]
Warrant exercised shares | shares							30,000		30,000
Oded Gilboa [Member] | Book Keeping Services [Member] | Canna Patch Ltd [Member]
Professional fee per month	$ 300
Optima Solutions Ltd [Member]
Promissory notes							$ 27,000		$ 27,000

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Subsequent Events (Details Narrative) - USD ($)	Jul. 04, 2019	Mar. 20, 2019	Nov. 02, 2018	Jun. 06, 2018	Jun. 30, 2019	Jun. 30, 2018
Promissory notes					$ 185,000	$ 170,000
Amir Uziel [Member]
Promissory notes		$ 10,000	$ 10,000	$ 15,000
Interest rate		8.00%	8.00%	8.00%
Debt due date		Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2019
Lavi Krasney [Member]
Promissory notes		$ 10,000	$ 10,000	$ 15,000
Interest rate		8.00%	8.00%	8.00%
Debt due date		Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2019
L.I.A. Pure Capital Ltd [Member]
Promissory notes		$ 10,000	$ 10,000	$ 15,000
Interest rate		8.00%	8.00%	8.00%
Debt due date		Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2019
Yaad Consulting & Management Services (1995) Ltd [Member]
Promissory notes		$ 15,000	$ 10,000	$ 15,000
Interest rate		8.00%	8.00%	8.00%
Debt due date		Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2019
Subsequent Event [Member] | Amir Uziel [Member]
Promissory notes	$ 10,000
Interest rate	8.00%
Debt due date	Sep. 30, 2019
Subsequent Event [Member] | Lavi Krasney [Member]
Promissory notes	$ 10,000
Interest rate	8.00%
Debt due date	Sep. 30, 2019
Subsequent Event [Member] | L.I.A. Pure Capital Ltd [Member]
Promissory notes	$ 10,000
Interest rate	8.00%
Debt due date	Sep. 30, 2019
Subsequent Event [Member] | Yaad Consulting & Management Services (1995) Ltd [Member]
Promissory notes	$ 10,000
Interest rate	8.00%
Debt due date	Sep. 30, 2019
Subsequent Event [Member] | Four Investors [Member]
Promissory notes	$ 40,000