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, 2018

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.)

14201 N. Hayden Road, Suite A-1 Scottsdale, AZ	85260
(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)

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 and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted 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, or a small reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	[   ]	Accelerated filer	[   ]
Non-accelerated filer	[   ] (Do not check if a smaller reporting company)	Smaller reporting company	[X]
		Emerging Growth Company	[   ]

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 13, 2018, there were 2,529,680 shares of the registrant’s common stock outstanding.

1

INTELLISENSE SOLUTIONS INC.

FORM 10-Q

FOR THE THREE MONTHS ENDED JUNE 30, 2018

TABLE OF CONTENTS

		Page
PART I.  FINANCIAL INFORMATION		3
ITEM 1	Financial Statements	3
	Condensed Balance Sheets as of June 30, 2018 (unaudited) and March 31, 2018	3
	Condensed Statements of Operations for the Three Months Ended March 31, 2018 and 2017 (unaudited)	4
	Condensed Statements of Cash Flows for the Three Months Ended March 31, 2018 and 2017 (unaudited)	5
	Notes to Condensed Financial Statements (unaudited)	6
ITEM 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	8
ITEM 3.	Quantitative and Qualitative Disclosures about Market Risk	10
ITEM 4.	Controls and Procedures	10
PART II.  OTHER INFORMATION		11
ITEM 1.	Legal Proceedings	11
ITEM 1A.	Risk Factors	11
ITEM 2.	Unregistered Sales of Equity Securities and Use of Proceeds	11
ITEM 3.	Defaults Upon Senior Securities	11
ITEM 4.	Mine Safety Disclosures	11
ITEM 5.	Other Information	11
ITEM 6.	Exhibits	12
SIGNATURES		13

2

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements

INTELLISENSE SOLUTIONS, INC.
BALANCE SHEETS
(Unaudited)
	June 30, 2018			March 31, 2018
ASSETS
Current assets:
Cash and cash equivalents	$	50,236		$	10,153
Total assets	$	50,236		$	10,153
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accounts payable and accrued expenses	$	24,986		$	27,928
Accounts payable to related party		6,239			3,530
Notes payable		41,000			51,000
Notes payable to related parties		60,000			—
Total current liabilities		132,225			82,458
Stockholders’ deficit:
Common stock, $0.001 par value; 75,000,000 shares   authorized, 2,529,680 issued and outstanding, respectively		2,529			2,529
Additional paid-in capital		70,619			70,619
Accumulated deficit		(155,137	)		(145,453	)
Total stockholders’ deficit		(81,989	)		(72,305	)
Total liabilities and stockholders' deficit	$	50,236		$	10,153
The accompanying notes are an integral part of these financial statements

3

INTELLISENSE SOLUTIONS, INC.
STATEMENTS OF OPERATIONS
(Unaudited)
	For the Three Months Ended June 30, 2018			For the Three Months Ended June 30, 2017
OPERATING EXPENSES
Professional fees	$	8,109		$	6,466
General & administrative		296			982
Total operating expenses		8,405			7,448
OTHER INCOME (EXPENSE):
Interest expense		(1,279	)		(842	)
Total other expense		(1,279	)		(842	)
NET LOSS	$	(9,684	)	$	(8,290	)
BASIC AND DILUTED NET LOSS PER SHARE	$	0.00		$	0.00
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER   OF SHARES OUTSTANDING		2,529,680			2,529,680
The accompanying notes are an integral part of these financial statements

4

INTELLISENSE SOLUTIONS, INC.
STATEMENTS OF CASH FLOWS
(Unaudited)
	For the Three Months Ended June 30, 2018			For the Three Months Ended June 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(9,684	)	$	(8,290	)
Adjustments to reconcile net loss to net cash used in   operating activities
Changes in operating assets and liabilities:
Accounts payable and accrued liabilites		(2,942	)		(2,652	)
Accounts payable to related party		2,709			2,000
Net cash used in operating activities		(9,917	)		(8,942	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on notes payable		(10,000	)		—
Proceeds from notes payable to related parties		60,000			—
Proceeds from notes payable		—			10,000
Net cash provided by financing activities		50,000			10,000
NET CHANGE IN CASH		40,083			1,058
CASH AT BEGINNING OF PERIOD		10,153			2,660
CASH AT END OF PERIOD	$	50,236		$	3,718
SUPPLEMENTAL DISCLOSURE OF CASH FLOW   INFORMATION
Cash paid for:
Interest	$	3,321		$	—
Income taxes	$	3,321		$	—
The accompanying notes are an integral part of these financial statements

5

INTELLISENSE SOLUTIONS, INC.

NOTES TO CONDENSED 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 sales 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.

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 condensed 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, 2018, as filed on July 5, 2018. 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.

NOTE 2 – GOING CONCERN AND MANAGEMENT’S PLANS

The unaudited interim condensed financial statements contained in this quarterly report have been prepared assuming that the Company will continue as a going concern. The Company recorded a net loss of $9,684 for the three months ended June 30, 2018 and has an accumulated deficit of $155,137 and a working capital deficit of $81,989 as of June 30, 2018. Presently, the Company does not have sufficient cash resources to meet its plans through the balance of its fiscal year ended March 31, 2019. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

Since inception, the Company has financed its activities from loans and the sale of equity securities. The Company intends on financing its future development activities and its 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 the Company will be able to achieve further sales of its common stock or any other form of additional financing. The unaudited interim condensed financial statements contained in this quarterly report do not include any adjustments that may be necessary should the Company be unable to continue as a going concern. The Company’s 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.

NOTE 3 – RELATED PARTY TRANSACTIONS

Effective June 15, 2015, Neil Reithinger was appointed as President, Treasurer, Secretary and a director. Mr. Reithinger is the Founder and President of Eventus Advisory Group, LLC, a private, CFO-services firm, and Eventus Consulting, P.C., a registered CPA firm (collectively “Eventus”). Commencing on June 15, 2015, Eventus was engaged to provide accounting and advisory services to the Company in connection with audit coordination, financial statement preparation and SEC filings. During the quarters ended June 30, 2018 and 2017, the Company incurred fees of $2,709 and $5,066 due to Eventus, respectively. The office space used by the Company is provided by Eventus at no charge.

On May 16, 2018, as part of entering into certain promissory notes with four related party investors (See Note 4), Mr. Reithinger resigned as the Company’s Secretary. As of such date, he remained as the Company’s President, Treasurer and as a director. On that same date, the Company appointed Eyal Ben Ami to the Board of Directors and Oded Gilboa as Secretary. Each of these individuals was identified by the note holders. Mr. Ben Ami and Mr. Reithinger are now the Company’s only two directors. Mr. Gilboa also was granted signature rights to the Company’s bank accounts. These note holders are considered to be related parties due to their influence.

6

NOTE 4 – NOTES PAYABLE

Notes payable consisted of the following as of:

	June 30, 2018		March 31, 2018
Note payable, 12% interest per annum, due on August 8, 2016.  Note is in default and unsecured.	$	10,000	$	10,000
Note payable, 12% interest per annum, due on August 27, 2016.  Note is in default and unsecured.		10,000		10,000
Note payable, 8% interest per annum, due on May 18, 2018. Note is unsecured		10,000		10,000
Note payable, 8% interest per annum, due on June 30, 2018. Note is unsecured.		11,000		11,000
Note payable, 12% interest per annum, due on July 10, 2018. Note is unsecured.		—		10,000
Note payable to related party, 8% interest per annum, due on December 5, 2018		15,000		—
Note payable to related party, 8% interest per annum, due on December 5, 2018		15,000		—
Note payable to related party, 8% interest per annum, due on December 5, 2018		15,000		—
Note payable to related party, 8% interest per annum, due on December 5, 2018		15,000
	$	101,000	$	51,000

On May 15, 2018, the Company entered into a first amendment to the convertible promissory note agreement with Trius Holdings Limited. This agreement will become due and payable in whole on or before May 17, 2019.

On June 6, 2018, the Company entered into promissory notes with four investors, Amir Uziel, Lavi Krasney, L.I.A. Pure Capital Ltd and Yaad Consulting & Management Services (1995) Ltd, for $15,000 each, totaling $60,000. The notes accrue interest at a rate of 8% per annum and are each due on December 5, 2018. These note holders are considered to be related parties due to their influence.

On June 26, 2018, the Company paid off one of the existing defaulted notes for $10,000, including accrued interest of $3,321.

In 2015, the Company borrowed $20,000 under promissory notes from two unaffiliated lenders (“Lenders”) to fund ongoing operational expenses. These notes are due immediately upon the Company’s receipt of any financing of $250,000 or more, or upon written demand by the Lenders, or not later than August 8, 2016 and August 27, 2016, respectively (the “Maturity Date”). As of June 30, 2018, these notes were in default and accruing interest at 15% per annum pursuant to the terms of the notes. The notes have not been paid and the Company has not negotiated any extension agreements with the Lenders as of November 10, 2017, the date of this filing.

NOTE 5 – SUBSEQUENT EVENTS

On July 5, 2018, the Company received a $15,000 promissory note from Neir Reinhold. The note accrues interest at a rate of 8% per annum and is due on December 5, 2018. This note holder is considered a related party due to his influence.

7

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 condensed 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. We were initially engaged in the business of developing web portals to allow companies and individuals to engage in the purchase and sales 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.

Effective June 15, 2015, Neil Reithinger was appointed as President, Treasurer, Secretary and a director. Mr. Reithinger is now the Company’s director and officer. Mr. Reithinger is the Founder and President of Eventus Advisory Group, LLC, a private, CFO-services firm, and Eventus Consulting, P.C., a registered CPA firm (collectively “Eventus”). He has also been Chief Financial Officer, Secretary and Treasurer of Orgenesis Inc. since August 2014. Mr. Reithinger earned a B.S. in Accounting from the University of Arizona and is a Certified Public Accountant. He is a Member of the American Institute of Certified Public Accountants and the Arizona Society of Certified Public Accountants. On May 16, 2018, as part of entering into certain promissory notes with four investors, Mr. Reithinger resigned as the Company’s Secretary. As of such date, he remained as the Company’s President, Treasurer and as a director. On that same date, the Company appointed Eyal Ben Ami to the Board of Directors and Oded Gilboa as Secretary. Each of these individuals was identified by the note holders. Mr. Ben Ami and Mr. Reithinger are now the Company’s only two directors. Mr. Gilboa also was granted signature rights to the Company’s bank accounts. These note holders are considered to be related parties due to their influence.

Our articles of incorporation, as amended, authorize us to issue up to 75,000,000 shares of common stock, par value $.001 per share. There are 2,529,680 shares of our common stock outstanding as of August 6, 2018, the date of this filing. There were no new equity transactions during the three months ended June 30, 2018.

Our financial statements from inception (March 22, 2013) through the period ended June 30, 2018 report no revenues and an accumulated deficit of $155,137. Our independent accountant issued an audit opinion for our Company for the fiscal year ended March 31, 2018 which includes a statement expressing substantial doubt as to our ability to continue as a going concern.

Our principal offices are located at 14201 N. Hayden Road, Suite A-1, Scottsdale, AZ 85260.

8

Results of Operations

Comparison of the Three Months Ended June 30, 2018 to the Three Months Ended June 30, 2017

Revenue

We did not earn any revenues in the three months ended June 30, 2018 and 2017.

Expenses

Operating expenses for the three months ended June 30, 2018 and 2017 were as follows:

	For the Three Months Ended June 30, 2018		For the Three Months Ended June 30, 2017
Professional fees:
Legal	$	—	$	—
Accounting/audit		8,109		6,466
Total professional fees		8,109		6,466
General & administrative		296		982
Total operating expenses	$	8,405	$	7,448

Professional fees are comprised of legal fees and accounting/audit fees. Professional fees increased by $1,643 from $6,446 for the three months ended June 30, 2017 to $8,109 for the three months ended June 30, 2018. There were no legal fees incurred for the three months ended June 30, 2017 and June 30, 2018. The balance of the increase was mainly consulting fees for the Board of Director during the three months ended June 30, 2018.

During the three months ended June 30, 2018, we incurred accounting fees of $2,709 to Eventus and audit fees of $4,150 to our independent accountants. This is compared to accounting fees of $5,066 to Eventus and audit fees of $1,400 to our independent accountants during the three months ended June 30, 2017. We pay customary fees for Eventus’ services.

General and administrative expenses were generally unchanged for the comparable periods.

Liquidity and Capital Resources

As of June 30, 2018, we had a cash balance of $50,236. During the three months ended June 30, 2018, we borrowed $60,000 under four promissory notes from an unaffiliated lender to fund ongoing operational expenses. Despite these borrowings, we do not have sufficient cash resources to meet our plans in the twelve months following June 30, 2018. 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.

9

Going Concern

Our unaudited interim condensed 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 $9,684 for the three months ended June 30, 2018 and we have an accumulated deficit of $155,137 and a working capital deficit of $81,989 as of June 30, 2018. Presently, we do not have sufficient cash resources to meet our plans through the balance of fiscal year ended March 31, 2019. 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 condensed 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.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.

Effects of Inflation

We do not believe that inflation has had a material impact on our business, revenues or operating results during the periods presented.

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

Not Applicable

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures.

As of June 30, 2018, management assessed the effectiveness of our internal control over financial reporting based on the criteria for effective internal control over financial reporting established in Internal Control--Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) and SEC guidance on conducting such assessments. Based on that evaluation, they concluded that, during the period covered by this report, such internal controls and procedures were not effective to detect the inappropriate application of US GAAP rules as more fully described below. This was due to deficiencies that existed in the design or operation of our internal controls over financial reporting that adversely affected our internal controls and that may be considered to be material weaknesses.

The matters involving internal controls and procedures that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were:

(i) lack of a functioning audit committee;

(ii) inadequate segregation of duties consistent with control objectives; and

(iii) ineffective controls over period-end financial disclosure and reporting processes.

The aforementioned material weaknesses were identified by our Chief Executive and Financial Officer in connection with the review of our financial statements as of June 30, 2018.

10

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, 2018 that have materially affected or are reasonably likely to materially affect our internal control over financial reporting.

PART II – OTHER INFORMATION

Item 1. Legal Proceedings

The Company is not currently subject to any legal proceedings. From time to time, the Company may become subject to litigation or proceedings in connection with its business, as either a plaintiff or defendant. There are no such pending legal proceedings to which the Company is a party that, in the opinion of management, is likely to have a material adverse effect on the Company’s business, financial condition or results of operations.

Item 1A. Risk Factors

Not Applicable

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

None.

Item 3. Defaults upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not Applicable.

Item 5. Other Information

None.

11

ITEM 6. EXHIBITS

Exhibit
Number		Description
(3)		(i) Articles of Incorporation; and (ii) Bylaws
3.1		Articles of Incorporation (incorporated by reference to our Registration Statement on Form S-1 filed with the Commission May 29, 2013)
3.2		Bylaws (incorporated by reference to our Registration Statement on Form S-1 filed with the Commission May 29, 2013)
(10)		Material Contracts
10.1		Merger Agreement dated December 11, 2015 amongst Intellisense Solutions Inc., Intellisense (Israel) Ltd. And Dotz Nano Ltd. (incorporated by reference to Current Report on Form 8-K filed with the Commission December 17, 2015)
10.2		Termination Agreement dated May 17, 2016 amongst Intellisense Solutions Inc., Intellisense (Israel) Ltd. And Dotz Nano Ltd. (incorporated by reference to Current Report on Form 10-K filed on June 29, 2017)
10.3		Promissory Note Agreement dated February 11, 2016 with First Capital AG ((incorporated by reference to Current Report on Form 10-Q filed on February 8, 2018)
10.4		Promissory Note Agreement dated February 29, 2016 with Fountain Drive Limited (incorporated by reference to Current Report on Form 10-Q filed on February 8, 2018)
10.5		Promissory Note Agreement dated May 18, 2017 with Trius Holdings Limited ((incorporated by reference to Current Report on Form 10-Q filed on February 8, 2018)
10.6		Assignment and Assumption of Debt Agreement dated March 30, 2017 with Fountain Drive Limited and Sukh Athwal (incorporated by reference to Current Report on Form 10-Q filed on February 8, 2018)
10.7		Promissory Note Agreement dated June 30, 2017 with Trius Holdings Limited (incorporated by reference to Current Report on Form 10-Q filed on February 8, 2018)
10.8		Promissory Note Agreement dated July 6, 2017 with Trius Holdings Limited (incorporated by reference to Current Report on Form 10-Q filed on February 8, 2018)
10.9		Promissory Note Agreement dated January 10, 2018 with Mediapark Investments Limited (incorporated by reference to Current Report on Form 10-Q filed on February 8, 2018)
10.10*		Promissory Note Agreement dated June 6, 2018 with Amir Uziel
10.11*		Promissory Note Agreement dated June 6, 2018 with Lavi Krasney
10.12*		Promissory Note Agreement dated June 6, 2018 with L.I.A. Pure Capital Ltd
10.13*		Promissory Note Agreement dated June 6, 2018 with Nir Reinhold
10.14*		Promissory Note Agreement dated June 6, 2018 with Yaad Consulting & Management Services (1995) Ltd
(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.

12

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/ Neil Reithinger

Neil Reithinger

President, Treasurer, Secretary and Director

(Principal Executive Officer, Principal Financial Officer and

Principal Accounting Officer)

Date: August 13, 2018

13

EX-31.1

Exhibit 31.1

INTELLISENSE SOLUTIONS INC.

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

I, Neil Reithinger, 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/ Neil Reithinger

Neil Reithinger

President & Chief Executive Officer

(Principal Executive Officer)

Date: August 13, 2018

EX-31.2

Exhibit 31.2

INTELLISENSE SOLUTIONS INC.

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

I, Neil Reithinger, 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/ Neil Reithinger

Neil Reithinger

Chief Financial Officer

(Principal Financial Officer and Principal Accounting Officer)

Date: August 13, 2018

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

The undersigned, Neil Reithinger, 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. for the three months ended June 30, 2018 fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.                   information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of Intellisense Solutions Inc.

By: /s/ Neil Reithinger

Neil Reithinger

President & Chief Executive Officer

(Principal Executive Officer)

Date: August 13, 2018

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

The undersigned, Neil Reithinger, 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. for the three months ended June 30, 2018 fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.                   information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of Intellisense Solutions Inc.

By: /s/ Neil Reithinger

Neil Reithinger

Chief Financial Officer

(Principal Financial Officer and Principal Accounting Officer)

Date: August 13, 2018

EX-10.10

 

EX-10.12

 

XML

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2018	Aug. 13, 2018
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, 2018
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		2,529,680
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2019

XML

Condensed Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2018	Mar. 31, 2018
Current assets:
Cash and cash equivalents	$ 50,236	$ 10,153
Total assets	50,236	10,153
Current liabilities:
Accounts payable and accrued expenses	24,986	27,928
Accounts payable to related party	6,239	3,530
Notes payable	41,000	51,000
Notes payable to related parties	60,000
Total current liabilities	132,225	82,458
Stockholders’ deficit:
Common stock, $0.001 par value; 75,000,000 shares authorized, 2,529,680 issued and outstanding, respectively	2,529	2,529
Additional paid-in capital	70,619	70,619
Accumulated deficit	(155,137)	(145,453)
Total stockholdersÂ’ deficit	(81,989)	(72,305)
Total liabilities and stockholders' deficit	$ 50,236	$ 10,153

XML

Condensed Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2018	Mar. 31, 2018
Statement of Financial Position [Abstract]
Common stock, par value per share	$ 0.001	$ 0.001
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	2,529,680	2,529,680
Common stock, shares outstanding	2,529,680	2,529,680

XML

Condensed Statements Of Operations (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
OPERATING EXPENSES
Professional fees	$ 8,109	$ 6,466
General & administrative	296	982
Total operating expenses	8,405	7,448
OTHER INCOME (EXPENSE):
Interest expense	1,279	842
Total other expense	(1,279)	(842)
NET LOSS	$ (9,684)	$ (8,290)
BASIC AND DILUTED NET LOSS PER SHARE	$ 0.00	$ 0.00
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	2,529,680	2,529,680

XML

Condensed Statements Of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (9,684)	$ (8,290)
Changes in operating assets and liabilities:
Accounts payable and accrued liabilites	(2,942)	(2,652)
Accounts payable to related party	2,709	2,000
Net cash used in operating activities	(9,917)	(8,942)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on notes payable	10,000
Proceeds from notes payable to related parties	60,000
Proceeds from notes payable		10,000
Net cash provided by financing activities	50,000	10,000
NET CHANGE IN CASH	40,083	1,058
CASH AT BEGINNING OF PERIOD	10,153	2,660
CASH AT END OF PERIOD	50,236	3,718
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for: Interest	3,321
Cash paid for: Income taxes	$ 3,321

XML

Nature Of Operations And Basis Of Presentation

3 Months Ended

Jun. 30, 2018

Nature Of Operations And Basis Of Presentation

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 sales 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.

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 condensed 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, 2018, as filed on July 5, 2018. 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.

XML

Going Concern And Management's Plans

3 Months Ended

Jun. 30, 2018

Going Concern And Managements Plans

Going Concern and Management's Plans

NOTE 2 – GOING CONCERN AND MANAGEMENT’S PLANS

The unaudited interim condensed financial statements contained in this quarterly report have been prepared assuming that the Company will continue as a going concern. The Company recorded a net loss of $9,684 for the three months ended June 30, 2018 and has an accumulated deficit of $155,137 and a working capital deficit of $81,989 as of June 30, 2018. Presently, the Company does not have sufficient cash resources to meet its plans through the balance of its fiscal year ended March 31, 2019. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

Since inception, the Company has financed its activities from loans and the sale of equity securities. The Company intends on financing its future development activities and its 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 the Company will be able to achieve further sales of its common stock or any other form of additional financing. The unaudited interim condensed financial statements contained in this quarterly report do not include any adjustments that may be necessary should the Company be unable to continue as a going concern. The Company’s 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.

XML

Related Party Transactions

3 Months Ended

Jun. 30, 2018

Related Party Transactions

Related Party Transactions

NOTE 3 – RELATED PARTY TRANSACTIONS

Effective June 15, 2015, Neil Reithinger was appointed as President, Treasurer, Secretary and a director. Mr. Reithinger is the Founder and President of Eventus Advisory Group, LLC, a private, CFO-services firm, and Eventus Consulting, P.C., a registered CPA firm (collectively “Eventus”). Commencing on June 15, 2015, Eventus was engaged to provide accounting and advisory services to the Company in connection with audit coordination, financial statement preparation and SEC filings. During the quarters ended June 30, 2018 and 2017, the Company incurred fees of $2,709 and $5,066 due to Eventus, respectively. The office space used by the Company is provided by Eventus at no charge.

On May 16, 2018, as part of entering into certain promissory notes with four related party investors (See Note 4), Mr. Reithinger resigned as the Company’s Secretary. As of such date, he remained as the Company’s President, Treasurer and as a director. On that same date, the Company appointed Eyal Ben Ami to the Board of Directors and Oded Gilboa as Secretary. Each of these individuals was identified by the note holders. Mr. Ben Ami and Mr. Reithinger are now the Company’s only two directors. Mr. Gilboa also was granted signature rights to the Company’s bank accounts. These note holders are considered to be related parties due to their influence.

XML

Notes Payable

3 Months Ended

Jun. 30, 2018

Notes Payable

Notes Payable

NOTE 4 – NOTES PAYABLE

Notes payable consisted of the following as of:

	June 30, 2018		March 31, 2018
Note payable, 12% interest per annum, due on August 8, 2016.  Note is in default and unsecured.	$	10,000	$	10,000
Note payable, 12% interest per annum, due on August 27, 2016.  Note is in default and unsecured.		10,000		10,000
Note payable, 8% interest per annum, due on May 18, 2018. Note is unsecured		10,000		10,000
Note payable, 8% interest per annum, due on June 30, 2018. Note is unsecured.		11,000		11,000
Note payable, 12% interest per annum, due on July 10, 2018. Note is unsecured.		—		10,000
Note payable to related party, 8% interest per annum, due on December 5, 2018		15,000		—
Note payable to related party, 8% interest per annum, due on December 5, 2018		15,000		—
Note payable to related party, 8% interest per annum, due on December 5, 2018		15,000		—
Note payable to related party, 8% interest per annum, due on December 5, 2018		15,000
	$	101,000	$	51,000

On May 15, 2018, the Company entered into a first amendment to the convertible promissory note agreement with Trius Holdings Limited. This agreement will become due and payable in whole on or before May 17, 2019.

On June 6, 2018, the Company entered into promissory notes with four investors, Amir Uziel, Lavi Krasney, L.I.A. Pure Capital Ltd and Yaad Consulting & Management Services (1995) Ltd, for $15,000 each, totaling $60,000. The notes accrue interest at a rate of 8% per annum and are each due on December 5, 2018. These note holders are considered to be related parties due to their influence.

On June 26, 2018, the Company paid off one of the existing defaulted notes for $10,000, including accrued interest of $3,321.

In 2015, the Company borrowed $20,000 under promissory notes from two unaffiliated lenders (“Lenders”) to fund ongoing operational expenses. These notes are due immediately upon the Company’s receipt of any financing of $250,000 or more, or upon written demand by the Lenders, or not later than August 8, 2016 and August 27, 2016, respectively (the “Maturity Date”). As of June 30, 2018, these notes were in default and accruing interest at 15% per annum pursuant to the terms of the notes. The notes have not been paid and the Company has not negotiated any extension agreements with the Lenders as of November 10, 2017, the date of this filing.

XML

Subsequent Events

3 Months Ended

Jun. 30, 2018

Subsequent Events

Subsequent Events

NOTE 5 – SUBSEQUENT EVENTS

On July 5, 2018, the Company received a $15,000 promissory note from Neir Reinhold. The note accrues interest at a rate of 8% per annum and is due on December 5, 2018. This note holder is considered a related party due to his influence.

XML

Notes Payable (Tables)

3 Months Ended

Jun. 30, 2018

Disclosure Notes Payable Tables Abstract

Schedule of Notes Payable

Notes payable consisted of the following as of:

	June 30, 2018		March 31, 2018
Note payable, 12% interest per annum, due on August 8, 2016.  Note is in default and unsecured.	$	10,000	$	10,000
Note payable, 12% interest per annum, due on August 27, 2016.  Note is in default and unsecured.		10,000		10,000
Note payable, 8% interest per annum, due on May 18, 2018. Note is unsecured		10,000		10,000
Note payable, 8% interest per annum, due on June 30, 2018. Note is unsecured.		11,000		11,000
Note payable, 12% interest per annum, due on July 10, 2018. Note is unsecured.		—		10,000
Note payable to related party, 8% interest per annum, due on December 5, 2018		15,000		—
Note payable to related party, 8% interest per annum, due on December 5, 2018		15,000		—
Note payable to related party, 8% interest per annum, due on December 5, 2018		15,000		—
Note payable to related party, 8% interest per annum, due on December 5, 2018		15,000
	$	101,000	$	51,000

XML

Notes Payable (Details) - USD ($)	Jun. 30, 2018	Mar. 31, 2018
Short-term Debt [Line Items]
Notes payable	$ 101,000	$ 51,000
Note Payable Due On August 08, 2016 [Member]
Short-term Debt [Line Items]
Notes payable	10,000	10,000
Note Payable Due On August 27, 2016 [Member]
Short-term Debt [Line Items]
Notes payable	10,000	10,000
Note Payable Due On May 18, 2018 [Member]
Short-term Debt [Line Items]
Notes payable	10,000	10,000
Note Payable Due On June 30, 2018 [Member]
Short-term Debt [Line Items]
Notes payable	11,000	11,000
Note Payable Due On July 10, 2018 [Member]
Short-term Debt [Line Items]
Notes payable		10,000
Note Payable Due On December 05, 2018 [Member] | Related Party [Member]
Short-term Debt [Line Items]
Notes payable	15,000
Note Payable Due On December 05, 2018 [Member] | Related Party [Member]
Short-term Debt [Line Items]
Notes payable	15,000
Note Payable Due On December 05, 2018 [Member] | Related Party [Member]
Short-term Debt [Line Items]
Notes payable	15,000
Note Payable Due On December 05, 2018 [Member] | Related Party [Member]
Short-term Debt [Line Items]
Notes payable	$ 15,000

XML

Notes Payable (Details) (Parenthetical)

3 Months Ended

12 Months Ended

Jun. 30, 2018

Mar. 31, 2018

Note Payable Due On August 08, 2016 [Member]

Short-term Debt [Line Items]

Note payable interest per annum

12.00%

12.00%

Note payable due date

Aug. 08, 2016

Aug. 08, 2016

Note payable description

Note is in default and unsecured.

Note is in default and unsecured.

Note Payable Due On August 27, 2016 [Member]

Short-term Debt [Line Items]

Note payable interest per annum

12.00%

12.00%

Note payable due date

Aug. 27, 2016

Aug. 27, 2016

Note payable description

Note is in default and unsecured.

Note is in default and unsecured.

Note Payable Due On May 18, 2018 [Member]

Short-term Debt [Line Items]

Note payable interest per annum

8.00%

8.00%

Note payable due date

May 18, 2018

May 18, 2018

Note payable description

Note is unsecured.

Note is unsecured.

Note Payable Due On June 30, 2018 [Member]

Short-term Debt [Line Items]

Note payable interest per annum

8.00%

8.00%

Note payable due date

Jun. 30, 2018

Jun. 30, 2018

Note payable description

Note is unsecured.

Note is unsecured.

Note Payable Due On July 10, 2018 [Member]

Short-term Debt [Line Items]

Note payable interest per annum

12.00%

12.00%

Note payable due date

Jul. 10, 2018

Jul. 10, 2018

Note payable description

Note is unsecured.

Note is unsecured.

Note Payable Due On December 05, 2018 [Member] | Related Party [Member]

Short-term Debt [Line Items]

Note payable interest per annum

8.00%

Note payable due date

Dec. 05, 2018

Note Payable Due On December 05, 2018 [Member] | Related Party [Member]

Short-term Debt [Line Items]

Note payable interest per annum

8.00%

Note payable due date

Dec. 05, 2018

Note Payable Due On December 05, 2018 [Member] | Related Party [Member]

Short-term Debt [Line Items]

Note payable interest per annum

8.00%

Note payable due date

Dec. 05, 2018

Note Payable Due On December 05, 2018 [Member] | Related Party [Member]

Short-term Debt [Line Items]

Note payable interest per annum

8.00%

Note payable due date

Dec. 05, 2018

XML

Going Concern And Management's Plans (Narrative) (Details)	Jun. 30, 2018 USD ($)
Going Concern And Managements Plans Narrative
Working capital deficit	$ 81,989

XML

Related Party Transactions (Narrative) (Details) - USD ($)	3 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Mar. 31, 2018
Related Party Transaction [Line Items]
Professional fees	$ 8,109	$ 6,466
Accounts payable to related party	6,239		$ 3,530
Eventus - A Firm In Which Mr.Neil Reithinger Is The Founder And President [Member]
Related Party Transaction [Line Items]
Professional fees	2,709	5,066
Accounts payable to related party	$ 2,709	$ 5,066

XML

Notes Payable (Narrative) (Details) - USD ($)

3 Months Ended

12 Months Ended

Jun. 26, 2018

Jun. 06, 2018

Jun. 30, 2018

Jun. 30, 2017

Dec. 31, 2015

Short-term Debt [Line Items]

Payments on notes payable

$ 10,000

$ 10,000

Accrued interest portion included in repayment of notes

$ 3,321

Proceeds from promissory notes

$ 10,000

Promissory Notes Issued In 2015 - Two Unaffiliated Lenders (Lenders) [Member]

Short-term Debt [Line Items]

Promissory note payable interest per annum

15.00%

15.00%

Proceeds from promissory notes

$ 20,000

Promissory note maturity description

These notes are due immediately upon the Company’s receipt of any financing of $250,000 or more, or upon written demand by the Lenders, or not later than August 8, 2016 and August 27, 2016, respectively (the “Maturity Date”).

Promissory note description

These notes were in default and accruing interest at 15% per annum pursuant to the terms of the notes.

Amir Uziel [Member] | Note Payable Due On December 05, 2018 [Member]

Short-term Debt [Line Items]

Promissory note face amount

$ 15,000

Promissory note payable interest per annum

8.00%

Promissory note payable due date

Dec. 05, 2018

Lavi Krasney [Member] | Note Payable Due On December 05, 2018 [Member]

Short-term Debt [Line Items]

Promissory note face amount

$ 15,000

Promissory note payable interest per annum

8.00%

Promissory note payable due date

Dec. 05, 2018

L.I.A. Pure Capital Ltd [Member] | Note Payable Due On December 05, 2018 [Member]

Short-term Debt [Line Items]

Promissory note face amount

$ 15,000

Promissory note payable interest per annum

8.00%

Promissory note payable due date

Dec. 05, 2018

Yaad Consulting & Management Services (1995) Ltd [Member] | Note Payable Due On December 05, 2018 [Member]

Short-term Debt [Line Items]

Promissory note face amount

$ 15,000

Promissory note payable interest per annum

8.00%

Promissory note payable due date

Dec. 05, 2018

Four Investors [Member] | Note Payable Due On December 05, 2018 [Member]

Short-term Debt [Line Items]

Promissory note face amount

$ 60,000

XML

Subsequent Events (Narrative) (Details) - Subsequent Event [Member] - Neir Reinhold [Member] - Promissory Note Issued On July 05, 2018 [Member]	Jul. 05, 2018 USD ($)
Subsequent Event [Line Items]
Promissory note face amount	$ 15,000
Promissory note payable interest per annum	8.00%
Promissory note payable due date	Dec. 05, 2018