FEDERAL INCOME TAX (Tables)

12 Months Ended

Mar. 31, 2022

FEDERAL INCOME TAX

Summary of Federal income tax

	March 31, 2022			March 31, 2021
Federal tax statutory rate		21	%		21	%
Temporary differences		8	%		-12	%
Changes in estimates		0	%		0	%
Valuation allowance		-29	%		-9	%
Effective rate		0	%		0	%

Summary of deferred tax assets and liabilities

	March 31, 2022
Deferred tax assets (liabilities):
Net loss	$	(257,016	)
Temporary differences
Stock-based compensation		3,000
Change in derivative valuation		(100,209	)
Valuation allowance		354,225
Net deferred tax assets	$	-

Summary of deferred income tax

	March 31, 2022			March 31, 2021
Loss carryforwards	$	2,299,000		$	2,225,000
Less - valuation allowance		(2,299,000	)		(2,225,000	)
Total net deferred tax assets	$	-		$	-