Quarterly Report (10-q)

 

UNITED STATES 
SECURITY AND EXCHANGE COMMISSION 
WASHINGTON, D.C. 20549

 

FORM 10-Q

 

(MARK ONE)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended December 31, 2015

 

or

 

¨ TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from __________ to __________

 

Commission File Number: 333-181226

 

TAYLOR CONSULTING, INC.

(Exact name of registrant as specified in its charter)

 

Delaware		30-0721344
(State or other jurisdiction of Incorporation or organization)		(I.R.S. Employer Identification Number)
3200 Southwest Freeway, Suite 3300 Houston, Texas		77027
(Address of principal executive offices)		(Zip code)

 

Registrant's telephone number, including area code: 713-840-6099

 

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 o

 

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. Yes x      No o

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller 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	o	Accelerated filer	o
Non-accelerated filer	o	Smaller reporting company	x
(Do not check is smaller reporting company)

 

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

 

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date. As of February 4, 2016, there are 11,694,463 shares of common stock issued and outstanding.

 

 

 

TABLE OF CONTENTS

 

PART I — FINANCIAL INFORMATION
Item 1.	Financial Statements			4
	Consolidated Balance Sheets (Unaudited)			4
	Consolidated Statements of Operations (Unaudited)			5
	Statement of Changes in Stockholders' Deficit (Unaudited)			6
	Consolidated Statements of Cash Flows (Unaudited)			7
	Notes to the Unaudited Consolidated Financial Statements			8
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations			14
Item 3.	Quantitative and Qualitative Disclosures about Market Risk			17
Item 4.	Controls and Procedures			17
PART II — OTHER INFORMATION
Item 1.	Legal Proceedings			18
Item 1A.	Risk Factors			18
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds			18
Item 3.	Defaults upon Senior Securities			18
Item 4.	Mine Safety Disclosures			18
Item 5.	Other Information			18
Item 6.	Exhibits			19

 

2

 

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

 

Certain statements in this report contain or may contain forward-looking statements. These statements, identified by words such as "plan", "anticipate", "believe", "estimate", "should", "expect" and similar expressions include our expectations and objectives regarding our future financial position, operating results and business strategy. These statements are subject to known and unknown risks, uncertainties and other factors, which may cause actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward - looking statements. These forward-looking statements were based on various factors and were derived utilizing numerous assumptions and other factors that could cause our actual results to differ materially from those in the forward-looking statements. These factors include, but are not limited to, our ability to secure suitable financing to continue with our existing business or change our business and conclude a merger, acquisition or combination with a business prospect, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors. Most of these factors are difficult to predict accurately and are generally beyond our control. You should consider the areas of risk described in connection with any forward-looking statements that may be made herein. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. Readers should carefully review this report in its entirety, including but not limited to our financial statements and the notes thereto and the risks described in our Annual Report on Form 10-K for the fiscal year ended March 31, 2015. We advise you to carefully review the reports and documents we file from time to time with the Securities and Exchange Commission (the "SEC"), particularly our quarterly reports on Form 10-Q and our current reports on Form 8-K. Except for our ongoing obligations to disclose material information under the Federal securities laws, we undertake no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events.

 

OTHER PERTINENT INFORMATION

 

When used in this report, the terms, "we," the "Company," "our," and "us" refers to Taylor Consulting, Inc., a Delaware corporation.

 

3

 

PART I — FINANCIAL INFORMATION

 

ITEM 1. FINANCIAL STATEMENTS

 

TAYLOR CONSULTING, INC.
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)

 

		December 31, 2015				March 31, 2015
ASSETS
CURRENT ASSETS
Cash and cash equivalents		$	9,202			$	21,392
Security Deposits			750				750
Short-term property loans		$	2,026			$	—
Total current assets			11,978				22,142
Fixed assets net of accumulated depreciation of $271 and $119, respectively			564				716
Land held for sale			56,053				64,627
Assets of discontinued operations			—				61,970
TOTAL ASSETS		$	68,595			$	149,455
LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES
Accounts payable and accrued expenses		$	52,054			$	223,015
Advances payable			8,775				—
Deferred revenue			—				1,000
Short-term notes payable to related party		$	5,000			$	5,000
Total current liabilities			65,829				229,015
Convertible notes payable, net of discount of $487,350 and $427,244, respectively			15,310				16,587
Note payable to related party			—				51,197
Accrued interest payable			12,869				16,686
Liabilities of discontinued operations		$	—			$	4,382
TOTAL LIABILITIES			94,008				317,867
COMMITMENTS AND CONTINGENCIES			—				—
STOCKHOLDERS' DEFICIT
Common Stock, $0.000001 par value; 90,000,000 shares authorized; 11,694,463 shares and 8,065,537 shares issued and outstanding at December 31, 2015 and March 31, 2015, respectively			12				8
Preferred Stock, $0.000001 par value; 10,000,000 shares authorized; 1,000,000 shares issued and outstanding at December 31, 2015 and March 31, 2015, respectively			1				1
Additional paid-in capital			1,639,430				666,827
Accumulated deficit			(1,664,856	)			(835,248	)
Total stockholders' deficit			(25,413	)			(168,412	)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT		$	68,595			$	149,455

 

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

 

4

 

TAYLOR CONSULTING, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)

 

		Nine months ended December 31,								Three months ended December 31,
		2015				2014				2015				2014
REVENUE		$	81,297			$	17,232			$	15,368			$	9,392
COST OF GOODS SOLD			16,433				3,234				9,256				1,773
GROSS PROFIT			64,864				13,998				6,112				7,619
OPERATING EXPENSES
General and administrative expenses			486,592				410,168				145,915				177,733
LOSS FROM OPERATIONS			(421,728	)			(396,170	)			(139,803	)			(170,114	)
OTHER INCOME (EXPENSE)
Interest expense			(467,763	)			(15,188	)			(109,971	)			(15,188	)
Interest Income			78				—				29				—
Net loss from continuing operations			(889,413	)			(411,358	)			(249,745	)			(185,302	)
Net income from discontinued operations			59,805				2,437				—				1,709
NET LOSS		$	(829,608	)		$	(408,921	)		$	(249,745	)		$	(183,593	)
NET LOSS PER COMMON SHARE:
Basic and diluted
Continuing Operations		$	(0.09	)			(0.05	)			(0.02	)			(0.02	)
Discontinued Operations			0.01				0.00				—				0.00
Net loss		$	(0.08	)		$	(0.05	)		$	(0.02	)		$	(0.02	)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING: Basic and diluted			10,219,919				8,020,000				11,326,146				8,020,000

 

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

 

5

 

TAYLOR CONSULTING, INC.
STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIT
(UNAUDITED)

 

		Series E Preferred Stock								Common Stock								Additional Paid In				Accumulated				Total
		Shares				Amount				Shares				Amount				Capital				Deficit				Equity
BALANCE, March 31, 2015			1,000,000			$	1				8,065,537			$	8			$	666,827			$	(835,248	)		$	(168,412	)
Shares issued for conversion of notes payable			—				—				3,628,926				4				469,943				—				469,947
Beneficial conversion discount on issuance of convertible note payable			—				—				—				—				502,660				—				502,660
Net loss			—				—				—				—				—				(829,608	)			(829,608	)
BALANCE, December 31, 2015			1,000,000			$	1				11,694,463			$	12			$	1,639,430			$	(1,664,856	)		$	(25,413	)

 

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

 

6

 

TAYLOR CONSULTING, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

 

		Nine months ended December 31,
		2015				2014
CASH FLOW FROM OPERATING ACTIVITIES:
Net loss		$	(829,608	)		$	(408,921	)
Less: income from discontinued operations			(59,805	)			(2,437	)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of discount on convertible note payable			442,554				7,607
Preferred stock issued for services			—				1
Depreciation and amortization			152				2,576
Changes in operating assets and liabilities:
Accounts receivable and accrued revenue			—				90
Land inventory			8,574				—
Prepaid expenses and other current assets			(2,026	)			—
Income tax receivable			—				1,913
Accounts payable and accrued liabilities			(162,186	)			140,502
Deferred revenue			(1,000	)			—
Accrued interest payable			22,299				—
NET CASH USED IN OPERATING ACTIVITIES			(581,046	)			(258,669	)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of land			—				(64,627	)
Capitalized website development			—				(8,066	)
NET CASH USED IN INVESTING ACTIVITIES			—				(72,693	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from advances			502,660				369,852
Proceeds from related party notes issued			—				51,197
Repayments of related party notes			(51,197	)			—
NET CASH PROVIDED BY FINANCING ACTIVITIES			451,463				421,049
CASH FLOWS FROM DISCONTINUED OPERATIONS
Net cash provided by operating activities			117,393				6,911
Net cash used in investing activities			—				(64,680	)
NET CASH PROVIDED BY DISCONTINUED OPERATIONS			117,393				(57,769	)
NET INCREASE (DECREASE) IN CASH			(12,190	)			31,918
CASH, at the beginning of the period			21,392				3,075
CASH, at the end of the period		$	9,202			$	34,993
Supplemental Disclosures of Cash Flow Information:
Cash paid during the period for:
Interest		$	2,910			$	—
Taxes		$	—			$	—
Noncash investing and financing transaction:
Refinance of advances into convertible notes payable		$	502,660			$	369,852
Beneficial conversion discount on convertible note payable		$	502,660			$	369,852
Conversion of convertible notes payable.		$	469,947			$	—

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

 

7

 

TAYLOR CONSULTING, INC.
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2015

 

Note 1. General Organization and Business

 

Taylor Consulting Inc. ("Taylor" or, collectively with its subsidiaries, the "Company") was incorporated in Delaware on February 29, 2012. Taylor engaged in consulting to improve performance enhancement and maximization of basketball related activities. As of January 1, 2015, the Company has discontinued its basketball consulting business to focus on the real estate opportunities. Our year-end is March 31.

 

On April 3, 2014, we formed Third Avenue Development LLC ("Third Avenue") on April 3, 2014 under the laws of the State of Texas. The Company engages in acquiring properties in the country's top performing real estate markets, specifically those that are experiencing booms as a result of mineral and oil development.

 

On October 10, 2014, Third Avenue acquired White Buffalo Property Solutions, LLC ("White Buffalo"), a Texas limited liability company. White Buffalo, a licensed real estate broker based in Abilene, Texas, compliments our ability to offer real estate services in the Texas oil market.

 

Note 2. Going Concern

 

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. For the nine months ended December 31, 2015, the Company had a net loss of $829,608 and negative cash flow from operating activities of $581,046. As of December 31, 2015, the Company had negative working capital of $53,851. Management does not anticipate having positive cash flow from operations in the near future.

 

These factors raise a substantial doubt about the Company's ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the possible inability of the Company to continue as a going concern.

 

The Company does not have the resources at this time to repay its credit and debt obligations, make any payments in the form of dividends to its shareholders or implement its business plan. Without additional capital, the Company will not be able to remain in business.

 

Management has plans to address the Company's financial situation as follows:

 

In the near term, management plans to continue to focus on raising the funds necessary to implement the Company's business plan. Management will continue to seek out debt financing to obtain the capital required to meet the Company's financial obligations. There is no assurance, however, that lenders will continue to advance capital to the Company or that the new business operations will be profitable. The possibility of failure in obtaining additional funding and the potential inability to achieve profitability raise doubts about the Company's ability to continue as a going concern.

 

In the long term, management believes that the Company's projects and initiatives will be successful and will provide cash flow to the Company, which will be used to finance the Company's future growth. However, there can be no assurances that the Company's planned activities will be successful, or that the Company will ultimately attain profitability. The Company's long-term viability depends on its ability to obtain adequate sources of debt or equity funding to meet current commitments and fund the continuation of its business operations, and the ability of the Company to achieve adequate profitability and cash flows from operations to sustain its operations.

 

Note 3. Summary of Significant Accounting Policies

 

Interim Financial Statements

 

The accompanying these unaudited financial statements have been prepared in accordance with generally accepted accounting ("GAAP") principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the consolidated financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such adjustments are of a normal recurring nature. These consolidated financial statements should be read in conjunction with the consolidated financial statements for the fiscal year ended March 31, 2015 and notes thereto and other pertinent information contained in our Form 10-K the Company has filed with the Securities and Exchange Commission (the "SEC").

 

The results of operations for the nine month period ended December 31, 2015 are not necessarily indicative of the results to be expected for the full fiscal year ending March 31, 2016.

 

8

 

Use of Estimates

 

The preparation of financial statements in conformity with 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 financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

 

Subsequent events

 

The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The Company will evaluate subsequent events through the date when the financial statements were issued. Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer considers its financial statements issued when they are widely distributed to users, such as through filing them on EDGAR.

 

Recently Issued Accounting Pronouncements

 

We have reviewed the FASB issued Accounting Standards Update ("ASU") accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation's reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.

 

Note 4. Sale of Kent Storage

 

On July 31, 2015, we completed the sale of the Kent Storage ("Kent") self-storage facility for $120,000.

 

We have recognized Kent as a discontinued operation, in accordance with ASU 2014-08 Reporting Discontinued Operations and Disclosures of Disposals of Components of Entity.

 

Assets and Liabilities of Discontinued Operations

 

		December 31, 2015				March 31, 2015
Assets of discontinued operations
Cash and cash equivalents		$	—			$	857
Accounts receivable			—				122
Prepaid expenses			—				607
Fixed assets			—				60,384
Total assets held for disposal		$	—			$	61,970
Liabilities of discontinued operations
Accounts payable		$	—			$	3,094
Customer security deposits			—				1,288
Total liabilities held for disposal		$	—			$	4,382

 

Income and Expenses of Discontinued Operations

 

		Nine months ended December 31,								Three months ended December 31,
		2015				2014				2015				2014
Revenue		$	119,125			$	8,365			$	—			$	5,065
Cost of goods sold			59,598				—				—				—
Gross profit			59,527				8,365				—				5,065
General and administrative expenses			(278	)			5,928				—				3,356
Loss due to discontinued operations		$	59,805			$	2,437			$	—			$	1,709

 

9

 

General and administrative expenses were negative during the three and nine months ended December 31, 2015, as we released excess accruals for property taxes upon sale of Kent Street Storage.

 

Note 5. Note Payable to Related Party

 

On September 30, 2014 we entered into a note for $51,197 with Mustang Investments and Property Group, LLC, which is owned by Scott Wheeler, our CEO. The proceeds of this note were used to purchase land for resale. On November 19, 2015 we paid the full principal and accrued interest on the note in full. As of December 31, 2015, we owed nothing on this note.

 

At December 31, 2015, we have another $5,000 note payable due to Mustang Investments. The note is due on demand with no interest.

 

Note 6. Convertible Notes Payable

 

During the nine months ended December 31, 2015, we received advances from Vista View Ventures, Inc. totaling $502,660. Vista View Ventures paid the advances to KM Delaney and Associates ("KMDA"), and subsequently by KMDA to the Company on behalf of Vista View Ventures, Inc. These advances are typically converted to convertible notes on a quarterly basis as discussed below.

 

Convertible notes payable consisted of the following at December 31, 2015 and March 31, 2015:

 

		December 31, 2015				March 31, 2015
Convertible note in the amount of $249,565, issued September 30, 2014, maturing September 30, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.20 per share		$	—			$	249,565
Convertible note in the amount of $120,297, issued December 31, 2014, maturing December 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.08 per share.			—				120,287
Convertible note in the amount of $73,979, issued March 31, 2015, maturing March 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.11 per share.			—				73,979
Convertible note in the amount of $113,806, issued June 30, 2015, maturing June 30, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.03 per share.			113,806				—
Convertible note in the amount of $282,969, issued September 30, 2015, maturing September 30, 2018, bearing interest at 10% per year, convertible into common stock at a rate of $0.02 per share.			282,969				—
Convertible note in the amount of $105,885, issued December 31, 2015, maturing December 31, 2018, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share.			105,885				—
Total convertible notes payable			502,660				443,831
Less: discount on noncurrent convertible notes payable			(487,350	)			(427,244	)
Long-term convertible notes payable, net of discount		$	15,310				16,587

 

All of the above notes are unsecured. All principal along with accrued interest is payable on the maturity date. The notes are convertible into common stock at the option of the holder. The holder of the notes cannot convert the notes into shares of common stock if that conversion would result in the holder owning more than 4.99% of the Company's common stock.

 

10

 

Convertible notes issued

 

During the nine months ended December 31, 2015, the Company signed Convertible Promissory Notes totaling $502,660 with Vista View Ventures Inc. that refinance non-interest bearing advances into convertible notes payable. These notes are payable at maturity and bear interest at ten percent per year. The holder of the notes may not convert the convertible promissory note into common stock if that conversion would result in the holder owning more than 4.99% of the Company's outstanding common stock on the conversion date. The convertible promissory notes are convertible into common stock at the option of the holder.

 

Date Issued		Maturity Date		Interest Rate				Conversion Rate				Amount of Note
June 30, 2015		June 30, 2017			10	%		$	0.03			$	113,806
September 30, 2015		September 30, 2018			10	%			0.02				282,969
December 31, 2015		December 31, 2018			10	%			0.01				105,885
Total												$	502,660

 

We evaluated the terms on the new note in accordance with ASC Topic No 815-40, Derivatives and Hedging – Contracts in Entity's Own Stock, and determined that the underling common stock is indexed to our common stock. We determined that the conversion feature did not meet the definition of a liability and therefore did not bifurcate the conversion feature and account for it as a separate derivative liability. We evaluated the conversion feature for a beneficial conversion feature. The effective conversion price was compared to the market price on the date the note was issued, and deemed it less than the market value of underlying common stock at the inception of the note. Therefore, we recognized beneficial conversion discounts of $113,806, $282,969 and $105,885 on June 30, 2015, September 30, 2015 and December 31, 2015, respectively. The beneficial conversion discounts were recorded as increase in additional paid-in capital and a discount to the convertible note payable. During the nine months ended December 31, 2015 and 2014, we amortized beneficial conversion discounts of $442,554 and $7,607, respectively, to interest expense.

 

Conversions to Common Stock

 

During nine months ended December 31, 2015, the holders of the Convertible Note Payable dated September 30, 2014 converted principal and accrued interest in the amounts show below into share of common stock at a rate of $0.20 per share. On the conversion date, the unamortized discount related to the principal amount converted was immediately amortized to interest expense. No gain or loss was recognized on the conversions as they occurred within the terms of the agreement that provided for conversion.

 

Date		Amount Converted				Number of Shares Issued				Discount amortized to interest expense
April 14, 2015		$	80,000				400,000			$	62,851
April 23, 2015			60,000				300,000				56,005
April 24, 2015			80,000				400,000				75,176
May 22, 2015			43,785				218,923				40,368
Total		$	263,785				1,318,923			$	234,400

 

During nine months ended December 31, 2015, the holders of the Convertible Note Payable dated December 31, 2014 converted principal and accrued interest in the amounts show below into share of common stock at a rate of $0.08 per share. On the conversion date, the unamortized discount related to the principal amount converted was immediately amortized to interest expense. No gain or loss was recognized on the conversions as they occurred within the terms of the agreement that provided for conversion.

 

Date		Amount Converted				Number of Shares Issued				Discount amortized to interest expense
July 1, 2015		$	67,200				840,000			$	57,651
September 14, 2015			40,800				510,000				35,714
November 16, 2015			19,836				247,944				16,625
Total		$	127,836				1,597,944			$	109,990

 

11

 

During nine months ended December 31, 2015, the holders of the Convertible Note Payable dated March 31, 2014 converted principal and accrued interest in the amounts show below into share of common stock at a rate of $0.11 per share. On the conversion date, the unamortized discount related to the principal amount converted was immediately amortized to interest expense. No gain or loss was recognized on the conversions as they occurred within the terms of the agreement that provided for conversion.

 

Date		Amount Converted				Number of Shares Issued				Discount amortized to interest expense
October 26, 2015		$	58,850				535,000			$	51,176
November 16, 2015			19,476				177,059				18,060
Total		$	78,326				712,059			$	69,236

 

Note 7. Debt Commitments

 

During the next five years, we will need to repay $502,660 of principal due on our notes and convertible notes. The repayment schedule is as follows:

 

		Twelve months ended December 31,
		2016				2017				2018				2019				2020				Total
Convertible notes payable			—			$	113,806			$	388,854				—				—			$	502,660
Notes payable			—				—				—				—				—				—
Other debt			—				—				—				—				—				—
Total			—			$	113,806			$	388,854				—				—			$	502,660

 

Note 8. Related Party Transactions

 

During the nine months ended December 31, 2015, KM Delaney & Associates has provided office space and certain administrative functions to the Company. The services include provision of a furnished executive suite, use of office equipment and supplies, accounting and bookkeeping services, treasury and cash management services, financial reporting, and other support staffing requirements. As part of the services provided to us, KMDA receives advances from the lender (see footnote 4) and disburses those funds to us. During the nine months ended December 31, 2015, KMDA billed us $142,881 for those services. This included $54,000 for the three months ended March 31, 2015, which we have previously accrued. As of December 31, 2015, we owed KMDA $26,481, which is included in accounts payable on the balance sheet.

 

Note 9. Stockholders' Equity

 

Conversion of shares

 

During nine months ended December 31, 2015, the holders of our convertible notes elected to convert principal and interest into shares of common stock as detailed below:

 

Date		Amount Converted				Number of Shares Issued
April 14, 2015		$	80,000				400,000
April 23, 2015			60,000				300,000
April 24, 2015			80,000				400,000
May 22, 2015			43,785				218,923
July 1, 2015			67,200				840,000
September 14, 2015			40,800				510,000
October 26, 2015			58,850				535,000
November 16, 2015			19,476				177,059
November 16, 2015			19,836				247,944
Total		$	469,947				3,628,926

 

Note 10. Business Segments

 

The Company has two reportable operating segments: (1) real estate investing and (2) real estate brokerage services. These reportable segments are managed separately due to differences in their products. We discontinued our basketball consulting and coaching segment on January 1, 2015.

 

12

 

The results of operations and financial position of the two reportable operating segments and corporate were as follows:

 

Results of Operations:

 

		Nine months ended December 31,								Three months ended December 31,
		2015				2014				2015				2014
REVENUE
Real estate investing		$	41,250			$	—			$	12,120			$	—
Real estate brokerage services			40,048				—				3,248				—
Basketball consulting			—				17,232				—				9,392
Corporate			—				—				—				—
		$	81,297			$	17,232			$	15,368			$	9,392
GROSS PROFIT
Real estate investing		$	23,465			$	—			$	1,514			$	—
Real estate brokerage services			41,399				—				4,598				—
Basketball consulting			—				13,998				—				7,619
Corporate			—				—				—				—
		$	64,864			$	13,998			$	6,112			$	7,619
GENERAL AND ADMINISTRATIVE EXPENSE
Real estate investing		$	34,829			$	20,315			$	11,143			$	14,210	)
Real estate brokerage services			71,373				—				22,184				—
Basketball consulting			—				—				—				—
Corporate			380,390				389,853				112,588				163,523
		$	486,592			$	410,168			$	145,915			$	177,733

 

Corporate operating expense includes general and administrative costs not allocated to operating segments.

 

		December 31, 2015				March 31, 2015
TOTAL ASSETS
Real estate investing		$	65,705			$	78,912
Real estate brokerage services			2,073				7,179
Discontinued operations			—				61,970
Corporate			816				1,394
		$	68,595			$	149,455

 

13

 

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONSOVERVIEW

 

Taylor Consulting Inc. ("Taylor" or, collectively with its subsidiaries, the "Company") was incorporated in Delaware on February 29, 2012. Taylor engaged in consulting to improve performance enhancement and maximization of basketball related activities. As of January 1, 2015, the Company has discontinued its basketball consulting business to focus on the real estate opportunities. Our year-end is March 31.

 

On April 3, 2014, we formed Third Avenue Development LLC ("Third Avenue") on April 3, 2014 under the laws of the State of Texas. The Company engages in acquiring properties in the country's top performing real estate markets, specifically those that are experiencing booms as a result of mineral and oil development.

 

On October 10, 2014, Third Avenue acquired White Buffalo Property Solutions, LLC ("White Buffalo"), a Texas limited liability company. White Buffalo, a licensed real estate broker based in Abilene, Texas, compliments our ability to offer real estate services in the Texas oil market.

 

Critical Accounting Policies

 

We prepare our Consolidated financial statements in conformity with GAAP, which requires management to make certain estimates and apply judgments. We base our estimates and judgments on historical experience, current trends, and other factors that management believes to be important at the time the condensed Consolidated financial statements are prepared. On a regular basis, we review our accounting policies and how they are applied and disclosed in our condensed consolidated financial statements.

 

While we believe that the historical experience, current trends and other factors considered support the preparation of our condensed consolidated financial statements in conformity with GAAP, actual results could differ from our estimates and such differences could be material.

 

For a full description of our critical accounting policies, please refer to Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report for the year ended March 31, 2015 on Form 10-K.

 

Results of Operations

 

Nine months ended December 31, 2015 compared to the nine months ended December 31, 2014.

 

Revenue

Revenue increased to $81,297 for the nine months ended December 31, 2015, compared to $17,232 for the nine months ended December 31, 2014. The increase is due to increased property sales by Third Avenue, our real estate investing company and increased broker commissions from White Buffalo, our real estate brokerage services company.

 

14

  

Cost of Goods Sold

Cost of Goods Sold increased to $16,433 for the nine months ended December 31, 2015, compared to $3,234 for the comparable period in 2014. This related entirely to unimproved real estate sold by Third Avenue.

 

Gross Profit

Gross profit increased to $64,864 for the nine months ended December 31, 2015, compared to $13,998 for the nine months ended December 31, 2014. The increase is because both Third Avenue and White Buffalo began earning revenue during the current year.

 

General and Administrative Expenses

We recognized general and administrative expenses in the amount of $486,592 and $410,168 for the nine months ended December 31, 2015 and ended 2014, respectively. The increase was due to the increased activity at Third Avenue and White Buffalo, and an increase in professional fees.

 

Interest Expense

Interest expense increased from $15,188 for the nine months ended December 31, 2014 to $467,763 for the nine months ended December 31, 2015. Interest expense for the nine months ended December 31, 2015 included amortization of discount on convertible notes payable in the amount of $442,554, compared to $7,607 for the comparable period of 2014. The remaining amount is the result of interest on our convertible notes during the current period. In the prior period, we held no interest-bearing loans.

 

Net Loss

We incurred a net loss of $829,608 for the nine months ended December 31, 2015 as compared to $408,921 for the comparable period of 2014. The decrease in the net loss was primarily the result of the increase in interest expense, primarily on our convertible notes.

 

Three months ended December 31, 2015 compared to the three months ended December 31, 2014.

 

Revenue

Revenue increased to $15,368 for the three months ended December 31, 2015, compared to $9,392 for the three months ended December 31, 2014 due to higher sales of unimproved real estate and increased real estate commissions.

 

Cost of Goods Sold

Cost of Goods Sold increased to $9,256 for the three months ended December 31, 2015, compared to $1,773 for the comparable period in 2014. During the period ended December 31, 2014, our revenue came from sources that provided services, and did not incur cost of sales.

 

Gross Profit

Revenue decreased to $6,112 for the nine months ended December 31, 2015, compared to $7,619 for the three months ended December 31, 2014 as a result of to higher sales of unimproved real estate and increased real estate commissions.

 

15

 

General and Administrative Expenses

We recognized general and administrative expenses in the amount of $145,915 and $177,733 for the three months ended December 31, 2015 and ended 2014, respectively. The decrease is due to lower spending on professional fees.

 

Interest Expense

Interest expense increased from $15,188 for the three months ended December 31, 2014 to $109,971 for the nine months ended December 31, 2015. Interest expense for the three months ended December 31, 2015 included amortization of discount on convertible notes payable in the amount of $98,731, compared to $7,607 for the comparable period of 2014. The remaining amount is the result of interest on our convertible notes during the current period. In the prior period, we held no interest-bearing loans.

 

Net Loss

We incurred a net loss of $249,745 for the three months ended December 31, 2015 as compared to $183,593 for the comparable period of 2014. The increase in the net loss was primarily the result of increased interest expense.

 

Liquidity and Capital Resources

 

At December 31, 2015, we had cash on hand of $9,202. The company has negative working capital of $53,851. Net cash used in operating activities for the nine months ended December 31, 2015 was $581,046. Cash on hand is adequate to fund our operations for less than one month. We do not expect to achieve positive cash flow from operating activities in the near future. We will require additional cash in order to implement our business plan. There is no guarantee that we will be able to attain fund when we need them or that funds will be available on terms that are acceptable to the Company. We have no material commitments for capital expenditures as of December 31, 2015.

 

Additional Financing

 

Additional financing is required to continue operations. Although actively searching for available capital, the Company does not have any current arrangements for additional outside sources of financing and cannot provide any assurance that such financing will be available.

 

Off Balance Sheet Arrangements

 

We do not have any 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 investors.

 

16

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

This item is not applicable to small reporting companies.

 

ITEM 4. CONTROLS AND PROCEDURES

 

Management's Report on Internal Control over Financial Reporting

 

We carried out an evaluation, under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, of the effectiveness of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of December 31, 2015. Based upon that evaluation, our principal executive officer and principal financial officer concluded that, as of December 31, 2015, our disclosure controls and procedures were not effective to ensure that information required to be disclosed in reports filed by us under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the required time periods and is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.

 

	1.	As of December 31, 2015, we did not maintain effective controls over the control environment. Specifically, we have not developed and effectively communicated to our employees our accounting policies and procedures. This has resulted in inconsistent practices. Further, the Board of Directors does not currently have any independent members and no director qualifies as an audit committee financial expert as defined in Item 407(d)(5)(ii) of Regulation S-K. Since these entity level programs have a pervasive effect across the organization, management has determined that these circumstances constitute a material weakness.
	2.	As of December 31, 2015, we did not maintain effective controls over financial statement disclosure. Specifically, controls were not designed and in place to ensure that all disclosures required were originally addressed in our financial statements. Accordingly, management has determined that this control deficiency constitutes a material weakness.

 

Our management, including our principal executive officer and principal financial officer, who is the same person, does not expect that our disclosure controls and procedures or our internal controls will prevent all error or fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Due to the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected.

 

Change in Internal Controls Over Financial Reporting

 

There was no change in our internal controls over financial reporting that occurred during the period covered by this report, which has materially affected, or is reasonably likely to have a material effect, our internal controls over financial reporting.

 

17

 

PART II — OTHER INFORMATION

 

ITEM 1. LEGAL PROCEEDINGS

 

We know of no material, active or pending legal proceedings against us, nor are we involved as a plaintiff in any material proceedings or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered beneficial shareholder are an adverse party or has a material interest adverse to us.

 

ITEM 1A. RISK FACTORS

 

This item is not applicable to small reporting companies.

 

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

 

On October 26, 2015, we issued 535,000 shares of common stock upon conversion of a $58,850 portion of a convertible promissory note.

 

On November 16, 2015, we issued 177,059 shares of common stock upon conversion of a $19,476 portion of a convertible promissory note.

 

On November 16, 2015, we issued 247,944 shares of common stock upon conversion of a $19,836 portion of a convertible promissory note.

 

Each issuance of securities was issued without registration in reliance of the exemption from registration Section 3(a)9 of the Securities Act of 1933.

 

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

 

The Company has not defaulted upon senior securities.

 

ITEM 4. MINE SAFETY DISCLOSURES

 

This item is not applicable.

 

ITEM 5. OTHER INFORMATION

 

None.

 

18

 

ITEM 6. EXHIBITS

 

3.1		Articles of Incorporation1
3.2		Bylaws1
14		Code of Ethics1
21		Subsidiaries of the Registrant3
31.1		Rule 13(a)-14(a)/15(d)-14(a) Certification of principal executive officer and principal financial and account officer.
32.1		Section 1350 Certification of principal executive officer and principal financial accounting officer.
101*		XBRL data files of Financial Statement and Notes contained in this Quarterly Report on Form 10-Q.2,3

__________________

(1)	Incorporated by reference to our Form S-1 filed with the Securities and Exchange Commission on May 8, 2012
(2)	In accordance with Regulation S-T, the Interactive Data Files in Exhibit 101 to the Quarterly Report on Form 10-Q shall be deemed "furnished" and not "filed."
(3)	Filed or furnished herewith
(4)	To be submitted by amendment

 

19

 

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.

 

	Taylor Consulting, Inc.
Date: February 22, 2016	By:	/s/ Scott Wheeler
		Scott Wheeler
		President, Secretary, Treasurer, Principal Executive Officer, Principal Financial and Accounting Officer and Sole Director.

 

 

20

---

 

EXHIBIT 21

 

SUBSIDIARIES OF THE REGISTRANT

 

Third Avenue Development LLC, a Texas limited liability company, is a wholly owned subsidiary of Taylor Consulting Inc.

 

White Buffalo Property Solutions, LLC, a Texas limited liability company, is a wholly owned subsidiary of Taylor Consulting Inc.

 

EXHIBIT 31.1

 

RULE 13A-14(A)/15D-14(A) CERTIFICATION

 

I, Scott Wheeler, certify that:

 

1.	I have reviewed this quarterly report on Form 10-Q for the period ended December 31, 2015 of Taylor Consulting, 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.	I am 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 15-d-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 (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

 

5.	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.

 

 

Date: February 22, 2016	By:	/s/ Scott Wheeler
		Scott Wheeler
		President, Secretary, Treasurer, Principal Executive Officer, Principal Financial and Accounting Officer and Sole Director.

 

EXHIBIT 32.1

 

SECTION 1350 CERTIFICATION

 

In connection with the quarterly report of Taylor Consulting, Inc. (the "Company") on Form 10-Q for the period ended December 31, 2015 as filed with the Securities and Exchange Commission (the "Report"), I, Scott Wheeler, President of the Company, certify, pursuant to 18 U.S.C. SS. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

	1.	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 result of operations of the Company.

 

Date: February 22, 2016	By:	/s/ Scott Wheeler
		Scott Wheeler
		President, Secretary, Treasurer, Principal Executive Officer, Principal Financial and Accounting Officer and Sole Director.

 

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

 

Document and Entity Information - shares	9 Months Ended
	Dec. 31, 2015	Feb. 04, 2016
Document And Entity Information
Entity Registrant Name	Taylor Consulting Inc.
Entity Central Index Key	0001544597
Document Type	10-Q
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		11,694,463
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2016

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2015	Mar. 31, 2015
CURRENT ASSETS
Cash and cash equivalents	$ 9,202	$ 21,392
Security Deposits	750	$ 750
Short-term property loans	2,026
Total current assets	11,978	$ 22,142
Fixed assets net of accumulated depreciation of $228 and $119, respectively	564	716
Land held for sale	$ 56,053	64,627
Assets of discontinued operations		61,970
TOTAL ASSETS	$ 68,595	149,455
CURRENT LIABILITIES
Accounts payable and accrued expenses	52,054	$ 223,015
Advances payable	$ 8,775
Deferred revenue		$ 1,000
Short-term notes payable, related party	$ 5,000	5,000
Total current liabilities	65,829	229,015
Convertible notes payable, net of discount of $487,350 and $427,244, respectively	$ 15,310	16,587
Note payable, related party		51,197
Accrued interest payable	$ 12,869	16,686
Liabilities of discontinued operations		4,382
TOTAL LIABILITIES	$ 94,008	$ 317,867
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' DEFICIT
Common Stock, $0.000001 par value; 90,000,000 shares authorized; 11,694,463 shares and 8,065,537 shares issued and outstanding at December 31, 2015 and March 31, 2015, respectively	$ 12	$ 8
Preferred Stock, $0.000001 par value; 10,000,000 shares authorized; 1,000,000 shares issued and outstanding at December 31, 2015 and March 31, 2015, respectively	1	1
Additional paid-in capital	1,639,430	666,827
Accumulated deficit	(1,664,856)	(835,248)
Total stockholders' deficit	(25,413)	(168,412)
TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIT	$ 68,595	$ 149,455

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Dec. 31, 2015	Mar. 31, 2015
Consolidated Balance Sheets Parenthetical
Fixed assets net of accumulated depreciation	$ 271	$ 119
Convertible notes payable, net of discount	$ 487,350	$ 427,244
STOCKHOLDERS' EQUITY (DEFICIT):
Common stock, par value	$ 0.000001	$ 0.000001
Common stock, Share Authorized	90,000,000	90,000,000
Common stock, Share Issued	11,694,463	8,065,537
Common stock, Share outstanding	11,694,463	8,065,537
Preferred stock
Preferred stock, par value	$ 0.000001	$ 0.000001
Preferred stock, Share designated	10,000,000	10,000,000
Preferred Stock, Share Issued	1,000,000	1,000,000
Preferred Stock, Share outstanding	1,000,000	1,000,000

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Consolidated Statements Of Operations
REVENUE	$ 15,368	$ 9,392	$ 81,297	$ 17,232
COST OF GOODS SOLD	9,256	1,773	16,433	3,234
GROSS PROFIT	6,112	7,619	64,864	13,998
OPERATING EXPENSES
General and administrative expenses	145,915	177,733	486,592	410,168
LOSS FROM OPERATIONS	(139,803)	(170,114)	(421,728)	(396,170)
OTHER INCOME (EXPENSE)
Interest expense	(109,971)	$ (15,188)	(467,763)	$ (15,188)
Interest Income	29		78
Net loss from continuing operations	$ (249,745)	$ (185,302)	(889,413)	$ (411,358)
Net income from discontinued operations		1,709	59,805	2,437
NET LOSS	$ (249,745)	$ (183,593)	$ (829,608)	$ (408,921)
NET LOSS PER COMMON SHARE: Basic and diluted
Continuing Operations	$ (0.02)	$ (0.02)	$ (0.09)	$ (0.05)
Discontinued Operations		0.00	0.01	0.00
Net loss	$ (0.02)	$ (0.02)	$ (0.08)	$ (0.05)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING: Basic and diluted	11,326,146	8,020,000	10,219,919	8,020,000

STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIT (Unaudited) - 9 months ended Dec. 31, 2015 - USD ($)	Series E Preferred Stock	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning Balance, Shares at Mar. 31, 2015	1,000,000	8,065,537
Beginning Balance, Amount at Mar. 31, 2015	$ 1	$ 8	$ 666,827	$ (835,248)	$ (168,412)
Shares issued for conversion of notes payable, Shares		3,628,926
Shares issued for conversion of notes payable, Amount		$ 4	469,943		469,947
Beneficial conversion discount on issuance of convertible note payable			$ 502,660		502,660
Net loss				$ (829,608)	(829,608)
Ending Balance, Shares at Dec. 31, 2015	1,000,000	11,694,463
Ending Balance, Amount at Dec. 31, 2015	$ 1	$ 12	$ 1,639,430	$ (1,664,856)	$ (25,413)

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (829,608)	$ (408,921)
Net income from discontinued operations	(59,805)	(2,437)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of discount on convertible note payable	$ 442,554	7,607
Preferred stock issued for services		1
Depreciation and amortization	$ 152	2,576
Changes in operating assets and liabilities:
Accounts receivable and accrued revenue		$ 90
Land inventory	$ 8,574
Prepaid expenses and other current assets	$ (2,026)
Income tax receivable		$ 1,913
Accounts payable and accrued liabilities	$ (162,186)	$ 140,502
Deferred revenue	(1,000)
Accrued interest payable	22,299
NET CASH USED IN OPERATING ACTIVITIES	$ (581,046)	$ (258,669)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of land		(64,627)
Capitalized website development		(8,066)
NET CASH USED IN INVESTING ACTIVITIES		(72,693)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from advances	$ 502,660	369,852
Proceeds from related party notes issued		$ 51,197
Repayments of related party notes	$ (51,197)
NET CASH PROVIDED BY FINANCING ACTIVITIES	451,463	$ 421,049
CASH FLOW FROM DISCONTINUED OPERATIONS:
Net cash provided by operating activities	$ 117,393	6,911
Net cash used in investing activities		(64,680)
NET CASH PROVIDED BY DISCONTINUED OPERATIONS	$ 117,393	(57,769)
NET INCREASE (DECREASE) IN CASH	(12,190)	31,918
CASH, at the beginning of the period	21,392	3,075
CASH, at the end of the period	9,202	$ 34,993
Supplemental Disclosures of Cash Flow Information:
Interest	$ 2,910
Taxes
Noncash investing and financing transaction:
Refinance of advances into convertible notes payable	$ 502,660	$ 369,852
Beneficial conversion discount on convertible note payable	502,660	$ 369,852
Conversion of convertible notes payable	$ 469,947

General Organization and Business	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Note 1. General Organization and Business	Taylor Consulting Inc. ("Taylor" or, collectively with its subsidiaries, the "Company") was incorporated in Delaware on February 29, 2012. Taylor engaged in consulting to improve performance enhancement and maximization of basketball related activities. As of January 1, 2015, the Company has discontinued its basketball consulting business to focus on the real estate opportunities. Our year-end is March 31.   On April 3, 2014, we formed Third Avenue Development LLC ("Third Avenue") on April 3, 2014 under the laws of the State of Texas. The Company engages in acquiring properties in the country's top performing real estate markets, specifically those that are experiencing booms as a result of mineral and oil development.   On October 10, 2014, Third Avenue acquired White Buffalo Property Solutions, LLC ("White Buffalo"), a Texas limited liability company. White Buffalo, a licensed real estate broker based in Abilene, Texas, compliments our ability to offer real estate services in the Texas oil market.

Going Concern	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Note 2. Going Concern	The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. For the nine months ended December 31, 2015, the Company had a net loss of $829,608 and negative cash flow from operating activities of $581,046. As of December 31, 2015, the Company had negative working capital of $53,851. Management does not anticipate having positive cash flow from operations in the near future.   These factors raise a substantial doubt about the Company's ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the possible inability of the Company to continue as a going concern.   The Company does not have the resources at this time to repay its credit and debt obligations, make any payments in the form of dividends to its shareholders or implement its business plan. Without additional capital, the Company will not be able to remain in business.   Management has plans to address the Company's financial situation as follows:   In the near term, management plans to continue to focus on raising the funds necessary to implement the Company's business plan. Management will continue to seek out debt financing to obtain the capital required to meet the Company's financial obligations. There is no assurance, however, that lenders will continue to advance capital to the Company or that the new business operations will be profitable. The possibility of failure in obtaining additional funding and the potential inability to achieve profitability raise doubts about the Company's ability to continue as a going concern.   In the long term, management believes that the Company's projects and initiatives will be successful and will provide cash flow to the Company, which will be used to finance the Company's future growth. However, there can be no assurances that the Company's planned activities will be successful, or that the Company will ultimately attain profitability. The Company's long-term viability depends on its ability to obtain adequate sources of debt or equity funding to meet current commitments and fund the continuation of its business operations, and the ability of the Company to achieve adequate profitability and cash flows from operations to sustain its operations.

Summary of Significant Accounting Policies	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Note 3. Summary of Significant Accounting Policies	Interim Financial Statements   The accompanying these unaudited financial statements have been prepared in accordance with generally accepted accounting ("GAAP") principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the consolidated financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such adjustments are of a normal recurring nature. These consolidated financial statements should be read in conjunction with the consolidated financial statements for the fiscal year ended March 31, 2015 and notes thereto and other pertinent information contained in our Form 10-K the Company has filed with the Securities and Exchange Commission (the "SEC").   The results of operations for the nine month period ended December 31, 2015 are not necessarily indicative of the results to be expected for the full fiscal year ending March 31, 2016.   Use of Estimates   The preparation of financial statements in conformity with 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 financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.   Subsequent events   The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The Company will evaluate subsequent events through the date when the financial statements were issued. Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer considers its financial statements issued when they are widely distributed to users, such as through filing them on EDGAR.   Recently Issued Accounting Pronouncements   We have reviewed the FASB issued Accounting Standards Update ("ASU") accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation's reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.

Sale of Kent Storage	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Note 4. Sale of Kent Storage	On July 31, 2015, we completed the sale of the Kent Storage ("Kent") self-storage facility for $120,000.   We have recognized Kent as a discontinued operation, in accordance with ASU 2014-08 Reporting Discontinued Operations and Disclosures of Disposals of Components of Entity.   Assets and Liabilities of Discontinued Operations       December 31, 2015     March 31, 2015   Assets of discontinued operations                           Cash and cash equivalents   $ —     $ 857   Accounts receivable     —       122   Prepaid expenses     —       607   Fixed assets     —       60,384   Total assets held for disposal   $ —     $ 61,970                     Liabilities of discontinued operations                                   Accounts payable   $ —     $ 3,094   Customer security deposits     —       1,288   Total liabilities held for disposal   $ —     $ 4,382     Income and Expenses of Discontinued Operations       Nine months ended December 31,     Three months ended December 31,       2015     2014     2015     2014                             Revenue   $ 119,125     $ 8,365     $ —     $ 5,065   Cost of goods sold     59,598       —       —       —   Gross profit     59,527       8,365       —       5,065                                     General and administrative expenses     (278 )     5,928       —       3,356                                     Loss due to discontinued operations   $ 59,805     $ 2,437     $ —     $ 1,709     General and administrative expenses were negative during the three and nine months ended December 31, 2015, as we released excess accruals for property taxes upon sale of Kent Street Storage.

Note Payable to Related Party	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Note 5. Note Payable to Related Party	On September 30, 2014 we entered into a note for $51,197 with Mustang Investments and Property Group, LLC, which is owned by Scott Wheeler, our CEO. The proceeds of this note were used to purchase land for resale. On November 19, 2015 we paid the full principal and accrued interest on the note in full. As of December 31, 2015, we owed nothing on this note.   At December 31, 2015, we have another $5,000 note payable due to Mustang Investments. The note is due on demand with no interest.

Convertible Notes Payable	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Note 6. Convertible Notes Payable	During the nine months ended December 31, 2015, we received advances from Vista View Ventures, Inc. totaling $502,660. Vista View Ventures paid the advances to KM Delaney and Associates ("KMDA"), and subsequently by KMDA to the Company on behalf of Vista View Ventures, Inc. These advances are typically converted to convertible notes on a quarterly basis as discussed below.   Convertible notes payable consisted of the following at December 31, 2015 and March 31, 2015:       December 31, 2015     March 31, 2015   Convertible note in the amount of $249,565, issued September 30, 2014, maturing September 30, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.20 per share   $ —     $ 249,565   Convertible note in the amount of $120,297, issued December 31, 2014, maturing December 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.08 per share.     —       120,287   Convertible note in the amount of $73,979, issued March 31, 2015, maturing March 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.11 per share.     —       73,979   Convertible note in the amount of $113,806, issued June 30, 2015, maturing June 30, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.03 per share.     113,806       —   Convertible note in the amount of $282,969, issued September 30, 2015, maturing September 30, 2018, bearing interest at 10% per year, convertible into common stock at a rate of $0.02 per share.     282,969       —   Convertible note in the amount of $105,885, issued December 31, 2015, maturing December 31, 2018, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share.     105,885       —   Total convertible notes payable     502,660       443,831                     Less: discount on noncurrent convertible notes payable     (487,350 )     (427,244 ) Long-term convertible notes payable, net of discount   $ 15,310       16,587     All of the above notes are unsecured. All principal along with accrued interest is payable on the maturity date. The notes are convertible into common stock at the option of the holder. The holder of the notes cannot convert the notes into shares of common stock if that conversion would result in the holder owning more than 4.99% of the Company's common stock.   Convertible notes issued   During the nine months ended December 31, 2015, the Company signed Convertible Promissory Notes totaling $502,660 with Vista View Ventures Inc. that refinance non-interest bearing advances into convertible notes payable. These notes are payable at maturity and bear interest at ten percent per year. The holder of the notes may not convert the convertible promissory note into common stock if that conversion would result in the holder owning more than 4.99% of the Company's outstanding common stock on the conversion date. The convertible promissory notes are convertible into common stock at the option of the holder.   Date Issued   Maturity Date   Interest Rate     Conversion Rate     Amount of Note   June 30, 2015   June 30, 2017     10 %   $ 0.03     $ 113,806   September 30, 2015   September 30, 2018     10 %     0.02       282,969   December 31, 2015   December 31, 2018     10 %     0.01       105,885   Total                       $ 502,660     We evaluated the terms on the new note in accordance with ASC Topic No 815-40, Derivatives and Hedging – Contracts in Entity's Own Stock, and determined that the underling common stock is indexed to our common stock. We determined that the conversion feature did not meet the definition of a liability and therefore did not bifurcate the conversion feature and account for it as a separate derivative liability. We evaluated the conversion feature for a beneficial conversion feature. The effective conversion price was compared to the market price on the date the note was issued, and deemed it less than the market value of underlying common stock at the inception of the note. Therefore, we recognized beneficial conversion discounts of $113,806, $282,969 and $105,885 on June 30, 2015, September 30, 2015 and December 31, 2015, respectively. The beneficial conversion discounts were recorded as increase in additional paid-in capital and a discount to the convertible note payable. During the nine months ended December 31, 2015 and 2014, we amortized beneficial conversion discounts of $442,554 and $7,607, respectively, to interest expense.   Conversions to Common Stock   During nine months ended December 31, 2015, the holders of the Convertible Note Payable dated September 30, 2014 converted principal and accrued interest in the amounts show below into share of common stock at a rate of $0.20 per share. On the conversion date, the unamortized discount related to the principal amount converted was immediately amortized to interest expense. No gain or loss was recognized on the conversions as they occurred within the terms of the agreement that provided for conversion.   Date   Amount Converted     Number of Shares Issued     Discount amortized to interest expense   April 14, 2015   $ 80,000       400,000     $ 62,851   April 23, 2015     60,000       300,000       56,005   April 24, 2015     80,000       400,000       75,176   May 22, 2015     43,785       218,923       40,368   Total   $ 263,785       1,318,923     $ 234,400     During nine months ended December 31, 2015, the holders of the Convertible Note Payable dated December 31, 2014 converted principal and accrued interest in the amounts show below into share of common stock at a rate of $0.08 per share. On the conversion date, the unamortized discount related to the principal amount converted was immediately amortized to interest expense. No gain or loss was recognized on the conversions as they occurred within the terms of the agreement that provided for conversion.   Date   Amount Converted     Number of Shares Issued     Discount amortized to interest expense   July 1, 2015   $ 67,200       840,000     $ 57,651   September 14, 2015     40,800       510,000       35,714   November 16, 2015     19,836       247,944       16,625   Total   $ 127,836       1,597,944     $ 109,990      During nine months ended December 31, 2015, the holders of the Convertible Note Payable dated March 31, 2014 converted principal and accrued interest in the amounts show below into share of common stock at a rate of $0.11 per share. On the conversion date, the unamortized discount related to the principal amount converted was immediately amortized to interest expense. No gain or loss was recognized on the conversions as they occurred within the terms of the agreement that provided for conversion.   Date   Amount Converted     Number of Shares Issued     Discount amortized to interest expense   October 26, 2015   $ 58,850       535,000     $ 51,176   November 16, 2015     19,476       177,059       18,060   Total   $ 78,326       712,059     $ 69,236

Debt Commitments	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Note 7. Debt Commitments	During the next five years, we will need to repay $502,660 of principal due on our notes and convertible notes. The repayment schedule is as follows:       Twelve months ended December 31,       2016     2017     2018     2019     2020     Total   Convertible notes payable     —     $ 113,806     $ 388,854       —       —     $ 502,660   Notes payable     —       —       —       —       —       —   Other debt     —       —       —       —       —       —   Total     —     $ 113,806     $ 388,854       —       —     $ 502,660

Related Party Transactions	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Note 8. Related Party Transactions	During the nine months ended December 31, 2015, KM Delaney & Associates has provided office space and certain administrative functions to the Company. The services include provision of a furnished executive suite, use of office equipment and supplies, accounting and bookkeeping services, treasury and cash management services, financial reporting, and other support staffing requirements. As part of the services provided to us, KMDA receives advances from the lender (see footnote 4) and disburses those funds to us. During the nine months ended December 31, 2015, KMDA billed us $142,881 for those services. This included $54,000 for the three months ended March 31, 2015, which we have previously accrued. As of December 31, 2015, we owed KMDA $26,481, which is included in accounts payable on the balance sheet.

Stockholders' Equity	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Note 9. Stockholders' Equity	Conversion of shares   During nine months ended December 31, 2015, the holders of our convertible notes elected to convert principal and interest into shares of common stock as detailed below:   Date   Amount Converted     Number of Shares Issued   April 14, 2015   $ 80,000       400,000   April 23, 2015     60,000       300,000   April 24, 2015     80,000       400,000   May 22, 2015     43,785       218,923   July 1, 2015     67,200       840,000   September 14, 2015     40,800       510,000   October 26, 2015     58,850       535,000   November 16, 2015     19,476       177,059   November 16, 2015     19,836       247,944   Total   $ 469,947       3,628,926

Business Segments	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Note 10. Business Segments	The Company has two reportable operating segments: (1) real estate investing and (2) real estate brokerage services. These reportable segments are managed separately due to differences in their products. We discontinued our basketball consulting and coaching segment on January 1, 2015.   The results of operations and financial position of the two reportable operating segments and corporate were as follows:   Results of Operations:       Nine months ended December 31,     Three months ended December 31,       2015     2014     2015     2014                             REVENUE                         Real estate investing   $ 41,250     $ —     $ 12,120     $ —   Real estate brokerage services     40,048       —       3,248       —   Basketball consulting     —       17,232       —       9,392   Corporate     —       —       —       —       $ 81,297     $ 17,232     $ 15,368     $ 9,392                                     GROSS PROFIT                                 Real estate investing   $ 23,465     $ —     $ 1,514     $ —   Real estate brokerage services     41,399       —       4,598       —   Basketball consulting     —       13,998       —       7,619   Corporate     —       —       —       —       $ 64,864     $ 13,998     $ 6,112     $ 7,619                                     GENERAL AND ADMINISTRATIVE EXPENSE                                 Real estate investing   $ 34,829     $ 20,315     $ 11,143     $ 14,210 ) Real estate brokerage services     71,373       —       22,184       —   Basketball consulting     —       —       —       —   Corporate     380,390       389,853       112,588       163,523       $ 486,592     $ 410,168     $ 145,915     $ 177,733     Corporate operating expense includes general and administrative costs not allocated to operating segments.       December 31, 2015     March 31, 2015                 TOTAL ASSETS             Real estate investing   $ 65,705     $ 78,912   Real estate brokerage services     2,073       7,179   Discontinued operations     —       61,970   Corporate     816       1,394       $ 68,595     $ 149,455

Significant and Critical Accounting Policies and Practices (Policies)	9 Months Ended
	Dec. 31, 2015
Significant And Critical Accounting Policies And Practices Policies
Interim Financial Statements	The accompanying these unaudited financial statements have been prepared in accordance with generally accepted accounting ("GAAP") principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the consolidated financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such adjustments are of a normal recurring nature. These consolidated financial statements should be read in conjunction with the consolidated financial statements for the fiscal year ended March 31, 2015 and notes thereto and other pertinent information contained in our Form 10-K the Company has filed with the Securities and Exchange Commission (the "SEC").   The results of operations for the nine month period ended December 31, 2015 are not necessarily indicative of the results to be expected for the full fiscal year ending March 31, 2016.
Use of Estimates	The preparation of financial statements in conformity with 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 financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Subsequent events	The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The Company will evaluate subsequent events through the date when the financial statements were issued. Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer considers its financial statements issued when they are widely distributed to users, such as through filing them on EDGAR.
Recently Issued Accounting Pronouncements	We have reviewed the FASB issued Accounting Standards Update ("ASU") accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation's reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.

Sale of Kent Storage (Tables)	9 Months Ended
	Dec. 31, 2015
Sale Of Kent Storage Tables
Assets and Liabilities of Discontinued Operations	Assets and Liabilities of Discontinued Operations       December 31, 2015     March 31, 2015   Assets of discontinued operations                           Cash and cash equivalents   $ —     $ 857   Accounts receivable     —       122   Prepaid expenses     —       607   Fixed assets     —       60,384   Total assets held for disposal   $ —     $ 61,970                     Liabilities of discontinued operations                                   Accounts payable   $ —     $ 3,094   Customer security deposits     —       1,288   Total liabilities held for disposal   $ —     $ 4,382
Income and Expenses of Discontinued Operations	Income and Expenses of Discontinued Operations       Nine months ended December 31,     Three months ended December 31,       2015     2014     2015     2014                             Revenue   $ 119,125     $ 8,365     $ —     $ 5,065   Cost of goods sold     59,598       —       —       —   Gross profit     59,527       8,365       —       5,065                                     General and administrative expenses     (278 )     5,928       —       3,356                                     Loss due to discontinued operations   $ 59,805     $ 2,437     $ —     $ 1,709

Convertible Notes Payable (Tables)	9 Months Ended
	Dec. 31, 2015
Convertible Notes Payable Tables
Convertible Notes Payable	Convertible notes payable consisted of the following at December 31, 2015 and March 31, 2015:       December 31, 2015     March 31, 2015   Convertible note in the amount of $249,565, issued September 30, 2014, maturing September 30, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.20 per share   $ —     $ 249,565   Convertible note in the amount of $120,297, issued December 31, 2014, maturing December 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.08 per share.     —       120,287   Convertible note in the amount of $73,979, issued March 31, 2015, maturing March 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.11 per share.     —       73,979   Convertible note in the amount of $113,806, issued June 30, 2015, maturing June 30, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.03 per share.     113,806       —   Convertible note in the amount of $282,969, issued September 30, 2015, maturing September 30, 2018, bearing interest at 10% per year, convertible into common stock at a rate of $0.02 per share.     282,969       —   Convertible note in the amount of $105,885, issued December 31, 2015, maturing December 31, 2018, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share.     105,885       —   Total convertible notes payable     502,660       443,831                     Less: discount on noncurrent convertible notes payable     (487,350 )     (427,244 ) Long-term convertible notes payable, net of discount   $ 15,310       16,587
Convertible promissory notes	The convertible promissory notes are convertible into common stock at the option of the holder.   Date Issued   Maturity Date   Interest Rate     Conversion Rate     Amount of Note   June 30, 2015   June 30, 2017     10 %   $ 0.03     $ 113,806   September 30, 2015   September 30, 2018     10 %     0.02       282,969   December 31, 2015   December 31, 2018     10 %     0.01       105,885   Total                       $ 502,660
Conversions to Common Stock	No gain or loss was recognized on the conversions as they occurred within the terms of the agreement that provided for conversion.   Date   Amount Converted     Number of Shares Issued     Discount amortized to interest expense   April 14, 2015   $ 80,000       400,000     $ 62,851   April 23, 2015     60,000       300,000       56,005   April 24, 2015     80,000       400,000       75,176   May 22, 2015     43,785       218,923       40,368   Total   $ 263,785       1,318,923     $ 234,400      Date   Amount Converted     Number of Shares Issued     Discount amortized to interest expense   July 1, 2015   $ 67,200       840,000     $ 57,651   September 14, 2015     40,800       510,000       35,714   November 16, 2015     19,836       247,944       16,625   Total   $ 127,836       1,597,944     $ 109,990      Date   Amount Converted     Number of Shares Issued     Discount amortized to interest expense   October 26, 2015   $ 58,850       535,000     $ 51,176   November 16, 2015     19,476       177,059       18,060   Total   $ 78,326       712,059     $ 69,236

Debt Commitments (Tables)	9 Months Ended
	Dec. 31, 2015
Debt Commitments Tables
Repayment schedule	During the next five years, we will need to repay $502,660 of principal due on our notes and convertible notes. The repayment schedule is as follows:       Twelve months ended December 31,       2016     2017     2018     2019     2020     Total   Convertible notes payable     —     $ 113,806     $ 388,854       —       —     $ 502,660   Notes payable     —       —       —       —       —       —   Other debt     —       —       —       —       —       —   Total     —     $ 113,806     $ 388,854       —       —     $ 502,660

Stockholders' Equity (Tables)	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Conversion of shares	During nine months ended December 31, 2015, the holders of our convertible notes elected to convert principal and interest into shares of common stock as detailed below:   Date   Amount Converted     Number of Shares Issued   April 14, 2015   $ 80,000       400,000   April 23, 2015     60,000       300,000   April 24, 2015     80,000       400,000   May 22, 2015     43,785       218,923   July 1, 2015     67,200       840,000   September 14, 2015     40,800       510,000   October 26, 2015     58,850       535,000   November 16, 2015     19,476       177,059   November 16, 2015     19,836       247,944   Total   $ 469,947       3,628,926

Business Segments (Tables)	9 Months Ended
	Dec. 31, 2015
Business Segments Tables
Business Segments, Result of Operation	The results of operations and financial position of the two reportable operating segments and corporate were as follows:   Results of Operations:       Nine months ended December 31,     Three months ended December 31,       2015     2014     2015     2014                             REVENUE                         Real estate investing   $ 41,250     $ —     $ 12,120     $ —   Real estate brokerage services     40,048       —       3,248       —   Basketball consulting     —       17,232       —       9,392   Corporate     —       —       —       —       $ 81,297     $ 17,232     $ 15,368     $ 9,392                                     GROSS PROFIT                                 Real estate investing   $ 23,465     $ —     $ 1,514     $ —   Real estate brokerage services     41,399       —       4,598       —   Basketball consulting     —       13,998       —       7,619   Corporate     —       —       —       —       $ 64,864     $ 13,998     $ 6,112     $ 7,619                                     GENERAL AND ADMINISTRATIVE EXPENSE                                 Real estate investing   $ 34,829     $ 20,315     $ 11,143     $ 14,210 ) Real estate brokerage services     71,373       —       22,184       —   Basketball consulting     —       —       —       —   Corporate     380,390       389,853       112,588       163,523       $ 486,592     $ 410,168     $ 145,915     $ 177,733
Business Segments, Allocated to Operation Segments	Corporate operating expense includes general and administrative costs not allocated to operating segments.       December 31, 2015     March 31, 2015                 TOTAL ASSETS             Real estate investing   $ 65,705     $ 78,912   Real estate brokerage services     2,073       7,179   Discontinued operations     —       61,970   Corporate     816       1,394       $ 68,595     $ 149,455

Going Concern (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Going Concern Details Narrative
Net loss	$ (249,745)	$ (183,593)	$ (829,608)	$ (408,921)
NET CASH USED IN OPERATING ACTIVITIES			(581,046)	$ (258,669)
Working capital	$ (53,851)		$ (53,851)

Sale of Kent Storage (Details) - USD ($)	Dec. 31, 2015	Mar. 31, 2015
Assets of discontinued operations
Cash and cash equivalents		$ 857
Accounts receivable		122
Prepaid expenses		607
Fixed assets		60,384
Total assets held for disposal		61,970
Liabilities of discontinued operations
Accounts payable		3,094
Customer security deposits		1,288
Total liabilities held for disposal		$ 4,382

Sale of Kent Storage (Details 1) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Income and Expenses of Discontinued Operations
Revenue	$ 119,125	$ 8,365		$ 5,065
Cost of goods sold	59,598
Gross profit	59,527	$ 8,365		$ 5,065
General and administrative expenses	(278)	5,928		3,356
Loss due to discontinued operations	$ 59,805	$ 2,437		$ 1,709

Note Payable, related party (Details Narrative) - USD ($)	Dec. 31, 2015	Mar. 31, 2015
Note Payable Related Party Details Narrative
Short-term notes payable, related party	$ 5,000	$ 5,000

Convertible Notes Payable (Details) - USD ($)	Dec. 31, 2015	Mar. 31, 2015
Total convertible notes payable	$ 502,660	$ 443,831
Less: discount on noncurrent convertible notes payable	(487,350)	(427,244)
Long-term convertible notes payable, net of discount	$ 15,310	16,587
Convertible Note Payable [Member]
Total convertible notes payable		249,565
Convertible Note Payable One [Member]
Total convertible notes payable		120,287
Convertible Note Payable Two [Member]
Total convertible notes payable		$ 73,979
Convertible Note Payable Three [Member]
Total convertible notes payable	$ 113,806
Convertible Note Payable Four [Member]
Total convertible notes payable	282,969
Convertible Note Payable Five [Member]
Total convertible notes payable	$ 105,885

Convertible Notes Payable (Details 1) - USD ($)	3 Months Ended	6 Months Ended	9 Months Ended
	Jun. 30, 2015	Sep. 30, 2015	Dec. 31, 2015
Amount of Note			$ 502,660
Convertible Note Payable [Member]
Date Issued	Jun. 30, 2015	Sep. 30, 2015	Dec. 31, 2015
Maturity Date	Jun. 30, 2017	Sep. 30, 2018	Dec. 31, 2018
Interest Rate	10.00%	10.00%	10.00%
Conversion Rate Per Share	$ 0.03	$ 0.02	$ 0.01
Amount of Note	$ 113,806	$ 282,969	$ 105,885

Convertible Notes Payable (Details 2) - $0.20 per share [Member]	9 Months Ended
	Dec. 31, 2015 USD ($) shares
Amount Converted	$ 263,785
Number of Shares Issued | shares	1,318,923
Discount amortized to interest expense	$ 234,400
April 14, 2015 [Member]
Amount Converted	$ 80,000
Number of Shares Issued | shares	400,000
Discount amortized to interest expense	$ 62,851
April 23, 2015 [Member]
Amount Converted	$ 60,000
Number of Shares Issued | shares	300,000
Discount amortized to interest expense	$ 56,005
April 24, 2015 [Member]
Amount Converted	$ 80,000
Number of Shares Issued | shares	400,000
Discount amortized to interest expense	$ 75,176
May 22, 2015 [Member]
Amount Converted	$ 43,784
Number of Shares Issued | shares	218,923
Discount amortized to interest expense	$ 40,368

Convertible Notes Payable (Details 3)	9 Months Ended
	Dec. 31, 2015 USD ($) shares
$0.11 per share [Member]
Amount Converted	$ 127,836
Number of Shares Issued | shares	1,597,944
Discount amortized to interest expense	$ 109,990
$0.11 per share [Member] | November 16, 2015 [Member]
Amount Converted	$ 19,836
Number of Shares Issued | shares	247,944
Discount amortized to interest expense	$ 16,625
July 1, 2015 [Member] | $0.08 per share [Member]
Amount Converted	$ 67,200
Number of Shares Issued | shares	840,000
Discount amortized to interest expense	$ 57,651
September 14, 2015 [Member] | $0.08 per share [Member]
Amount Converted	$ 40,800
Number of Shares Issued | shares	510,000
Discount amortized to interest expense	$ 35,714

Convertible Notes Payable (Details 4) - $0.11 per share [Member]	9 Months Ended
	Dec. 31, 2015 USD ($) shares
Amount Converted	$ 127,836
Number of Shares Issued | shares	1,597,944
Discount amortized to interest expense	$ 109,990
November 16, 2015 [Member]
Amount Converted	$ 19,836
Number of Shares Issued | shares	247,944
Discount amortized to interest expense	$ 16,625
October 26, 2015 [Member]
Amount Converted	$ 58,850
Number of Shares Issued | shares	535,000
Discount amortized to interest expense	$ 51,176

Convertible Notes Payable (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended	9 Months Ended
	Jun. 30, 2015	Sep. 30, 2015	Dec. 31, 2015	Dec. 31, 2014	Mar. 31, 2015
Convertible promissory notes			$ 502,660		$ 443,831
Advance from related party				$ 51,197
Beneficial conversion features	$ 113,806	$ 282,969	$ 105,885
Amortized beneficial conversion discounts			442,554	$ 7,607
View Ventures, Inc. [Member]
Advance from related party			$ 502,660

Debt Commitments (Details)	Dec. 31, 2015 USD ($)
Year ending March 31,
2016
2017	$ 113,806
2018	$ 388,854
2019
2020
Total	$ 502,660
Convertible notes [Member]
Year ending March 31,
2016
2017	$ 113,806
2018	$ 388,854
2019
2020
Total	$ 502,660
Notes payable [Member]
Year ending March 31,
2016
2017
2018
2019
2020
Total
Other debt [Member]
Year ending March 31,
2016
2017
2018
2019
2020
Total

Related Party Transactions (Details Narrative)	9 Months Ended
	Dec. 31, 2015 USD ($)
Payement for services	$ 142,881
KMDA [Member]
Accounts payable and accrued expenses	$ 26,481

Stockholders' Equity (Details)	9 Months Ended
	Dec. 31, 2015 USD ($) shares
Amount Converted | $	$ 469,947
Number of Shares Issued | shares	3,628,926
April 14, 2015 [Member]
Amount Converted | $	$ 80,000
Number of Shares Issued | shares	400,000
April 23, 2015 [Member]
Amount Converted | $	$ 60,000
Number of Shares Issued | shares	300,000
April 24, 2015 [Member]
Amount Converted | $	$ 80,000
Number of Shares Issued | shares	400,000
May 22, 2015 [Member]
Amount Converted | $	$ 43,785
Number of Shares Issued | shares	218,923
July 1, 2015 [Member]
Amount Converted | $	$ 67,200
Number of Shares Issued | shares	840,000
September 14, 2015 [Member]
Amount Converted | $	$ 40,800
Number of Shares Issued | shares	510,000
October 26, 2015 [Member]
Amount Converted | $	$ 58,850
Number of Shares Issued | shares	535,000
November 16, 2015 [Member] | $0.11 per share [Member]
Amount Converted | $	$ 19,476
Number of Shares Issued | shares	177,059
November 16, 2015 One [Member]
Amount Converted | $	$ 19,836
Number of Shares Issued | shares	247,944

Business Segments (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Mar. 31, 2015
Revenue	$ 15,368	$ 9,392	$ 81,297	$ 17,232
Gross Profit	6,112	7,619	64,864	13,998
General and administrative expenses	145,915	$ 177,733	486,592	$ 410,168
Total assets	68,595		68,595		$ 149,455
Real estate investing [Member]
Revenue	12,120		41,250
Gross Profit	1,514		23,465
General and administrative expenses	11,143	$ 14,210	34,829	$ 20,315
Total assets	65,705		65,705		78,912
Real estate brokerage services [Member]
Revenue	3,248		40,048
Gross Profit	4,598		41,399
General and administrative expenses	22,184		71,373
Total assets	$ 2,073		$ 2,073		7,179
Basketball consulting [Member]
Revenue		$ 9,392		$ 17,232
Gross Profit		$ 7,619		$ 13,998
General and administrative expenses
Corporate [Member]
Revenue
Gross Profit
General and administrative expenses	$ 112,588	$ 163,523	$ 380,390	$ 389,853
Total assets	$ 816		$ 816		1,394
Discontinued operations [Member]
Total assets					$ 61,970