SEC Info - SECTOR 10, Inc. - ‘10-Q’ for 12/31/21

SEC Info℠

Home

Help

Please Sign In

SECTOR 10, Inc. – ‘10-Q’ for 12/31/21 – ‘XML’

On: Friday, 2/11/22, at 4:38pm ET · For: 12/31/21 · Accession #: 1096906-22-304 · File #: 0-24370

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/11/22  SECTOR 10, Inc.                   10-Q       12/31/21   39:1.4M                                   Southridge Svcs Inc./FA

Quarterly Report — Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Sector 10, Inc. - Form 10-Q SEC Filing              HTML    229K 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     16K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     16K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     13K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     13K 
11: R1          Document and Entity Information                     HTML     62K 
12: R2          Unaudited Condensed Consolidated Balance Sheets     HTML     99K 
13: R3          Unaudited Condensed Consolidated Balance Sheets -   HTML     31K 
                Parenthetical                                                    
14: R4          Unaudited Condensed Consolidated Statements of      HTML     80K 
                Operations                                                       
15: R5          Consolidated Statements of Cash Flows               HTML     71K 
16: R6          Note 1 - Basis of Presentation                      HTML     16K 
17: R7          Note 2 - Inventory                                  HTML     15K 
18: R8          Note 3 - Notes Payable                              HTML     38K 
19: R9          Note 4 - Equity                                     HTML     20K 
20: R10         Note 5 - Going Concern                              HTML     16K 
21: R11         Note 6 - Income Tax                                 HTML     21K 
22: R12         Note 7 - OTHER INCOME                               HTML     17K 
23: R13         Note 8 - Subsequent Events                          HTML     16K 
24: R14         Note 6 - Income Tax: Income Tax, Policy (Policies)  HTML     20K 
25: R15         Note 3 - Notes Payable: Interest Expense            HTML     20K 
                Disclosure (Tables)                                              
26: R16         Note 3 - Notes Payable: Schedule Of Debt Table      HTML     22K 
                TextBlock (Tables)                                               
27: R17         Note 3 - Notes Payable: Schedule of maturities of   HTML     17K 
                notes payable (Tables)                                           
28: R18         Note 7 - OTHER INCOME: Schedule of Other            HTML     16K 
                Nonoperating Income (Expense) (Tables)                           
29: R19         Note 2 - Inventory (Details)                        HTML     15K 
30: R20         Note 3 - Notes Payable (Details)                    HTML     19K 
31: R21         Note 3 - Notes Payable: Interest Expense            HTML     21K 
                Disclosure (Details)                                             
32: R22         Note 3 - Notes Payable: Schedule Of Debt Table      HTML     23K 
                TextBlock (Details)                                              
33: R23         Note 3 - Notes Payable: Schedule of maturities of   HTML     21K 
                notes payable (Details)                                          
34: R24         Note 7 - OTHER INCOME: Schedule of Other            HTML     17K 
                Nonoperating Income (Expense) (Details)                          
37: XML         IDEA XML File -- Filing Summary                      XML     61K 
35: XML         XBRL Instance -- seci-20211231_htm                   XML    204K 
36: EXCEL       IDEA Workbook of Financial Reports                  XLSX     29K 
 6: EX-101.CAL  XBRL Calculations -- seci-20211231_cal               XML     63K 
 7: EX-101.DEF  XBRL Definitions -- seci-20211231_def                XML     64K 
 8: EX-101.LAB  XBRL Labels -- seci-20211231_lab                     XML    247K 
 9: EX-101.PRE  XBRL Presentations -- seci-20211231_pre              XML    205K 
10: EX-101.SCH  XBRL Schema -- seci-20211231                         XSD     93K 
38: JSON        XBRL Instance as JSON Data -- MetaLinks              119±   164K 
39: ZIP         XBRL Zipped Folder -- 0001096906-22-000304-xbrl      Zip     46K

‘XML’ — XBRL Instance — seci-20211231_htm

This Document is an XBRL XML File.

<?xml version="1.0" encoding="windows-1252"?>

<link:schemaRef xlink:href="seci-20211231.xsd" xlink:type="simple"/>

</entity>

</period>

</context>

</entity>

</period>

</context>

</entity>

</period>

</context>

</entity>

</period>

</context>

</entity>

</period>

</context>

</entity>

</period>

</context>

</entity>

</period>

</context>

</entity>

</period>

</context>

</entity>

</period>

</context>

</entity>

</period>

</context>

</entity>

</period>

</context>

<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis"> fil:JohnsonFinancingMember </xbrldi:explicitMember>

</segment>

</entity>

</period>

</context>

<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis"> fil:IndividualsShortTermMember </xbrldi:explicitMember>

</segment>

</entity>

</period>

</context>

<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis"> fil:AsherEnterprisesIncMember </xbrldi:explicitMember>

</segment>

</entity>

</period>

</context>

</entity>

</period>

</context>

<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis"> fil:JohnsonFinancingMember </xbrldi:explicitMember>

</segment>

</entity>

</period>

</context>

<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis"> fil:DutroGroupMember </xbrldi:explicitMember>

</segment>

</entity>

</period>

</context>

<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis"> fil:DutroGroupMember </xbrldi:explicitMember>

</segment>

</entity>

</period>

</context>

<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis"> fil:EmployeeGroupMember </xbrldi:explicitMember>

</segment>

</entity>

</period>

</context>

<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis"> fil:EmployeeGroupMember </xbrldi:explicitMember>

</segment>

</entity>

</period>

</context>

<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis"> fil:OtherMember </xbrldi:explicitMember>

</segment>

</entity>

</period>

</context>

<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis"> fil:OtherMember </xbrldi:explicitMember>

</segment>

</entity>

</period>

</context>

<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis"> fil:JohnsonFinancingMember </xbrldi:explicitMember>

</segment>

</entity>

</period>

</context>

<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis"> fil:VariousIndividualsMember </xbrldi:explicitMember>

</segment>

</entity>

</period>

</context>

<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis"> fil:VariousIndividualsMember </xbrldi:explicitMember>

</segment>

</entity>

</period>

</context>

<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis"> fil:AsherEnterprisesIncMember </xbrldi:explicitMember>

</segment>

</entity>

</period>

</context>

<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis"> fil:AsherEnterprisesIncMember </xbrldi:explicitMember>

</segment>

</entity>

</period>

</context>

</unit>

<measure> shares </measure>

</unit>

</unitNumerator>

<measure> shares </measure>

</unitDenominator>

</divide>

</unit>

<dei:EntityCentralIndexKey contextRef="D210401_211231" id="fact1"> 0000925661 </dei:EntityCentralIndexKey>

<dei:CurrentFiscalYearEndDate contextRef="D210401_211231" id="fact2"> --03-31 </dei:CurrentFiscalYearEndDate>

<dei:AmendmentFlag contextRef="D210401_211231" id="fact3"> false </dei:AmendmentFlag>

<dei:DocumentFiscalYearFocus contextRef="D210401_211231" id="fact4"> 2022 </dei:DocumentFiscalYearFocus>

<dei:DocumentFiscalPeriodFocus contextRef="D210401_211231" id="fact5"> Q3 </dei:DocumentFiscalPeriodFocus>

<dei:DocumentType contextRef="D210401_211231"> 10-Q </dei:DocumentType>

<dei:DocumentQuarterlyReport contextRef="D210401_211231"> true </dei:DocumentQuarterlyReport>

<dei:DocumentPeriodEndDate contextRef="D210401_211231"> 2021-12-31 </dei:DocumentPeriodEndDate>

<dei:DocumentTransitionReport contextRef="D210401_211231"> false </dei:DocumentTransitionReport>

<dei:EntityRegistrantName contextRef="D210401_211231"> SECTOR 10, Inc. </dei:EntityRegistrantName>

<dei:EntityIncorporationStateCountryCode contextRef="D210401_211231"> DE </dei:EntityIncorporationStateCountryCode>

<dei:EntityFileNumber contextRef="D210401_211231"> 000-24370 </dei:EntityFileNumber>

<dei:EntityTaxIdentificationNumber contextRef="D210401_211231"> 33-0565710 </dei:EntityTaxIdentificationNumber>

<dei:EntityAddressAddressLine1 contextRef="D210401_211231"> 10900 NE 4th Street </dei:EntityAddressAddressLine1>

<dei:EntityAddressAddressLine2 contextRef="D210401_211231"> Suite 2300 </dei:EntityAddressAddressLine2>

<dei:EntityAddressCityOrTown contextRef="D210401_211231"> Bellevue </dei:EntityAddressCityOrTown>

<dei:EntityAddressStateOrProvince contextRef="D210401_211231"> WA </dei:EntityAddressStateOrProvince>

<dei:EntityAddressPostalZipCode contextRef="D210401_211231"> 98004 </dei:EntityAddressPostalZipCode>

<dei:CityAreaCode contextRef="D210401_211231"> 425 </dei:CityAreaCode>

<dei:LocalPhoneNumber contextRef="D210401_211231"> 331-9620 </dei:LocalPhoneNumber>

<dei:EntityCurrentReportingStatus contextRef="D210401_211231"> Yes </dei:EntityCurrentReportingStatus>

<dei:EntityInteractiveDataCurrent contextRef="D210401_211231"> Yes </dei:EntityInteractiveDataCurrent>

<dei:EntityFilerCategory contextRef="D210401_211231"> Non-accelerated Filer </dei:EntityFilerCategory>

<dei:EntitySmallBusiness contextRef="D210401_211231"> true </dei:EntitySmallBusiness>

<dei:EntityEmergingGrowthCompany contextRef="D210401_211231"> false </dei:EntityEmergingGrowthCompany>

<dei:EntityShellCompany contextRef="D210401_211231"> false </dei:EntityShellCompany>

<dei:EntityCommonStockSharesOutstanding contextRef="I220209" decimals="INF" unitRef="Shares"> 305778 </dei:EntityCommonStockSharesOutstanding>

<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="E21" decimals="128" unitRef="USD"> 0 </us-gaap:CashAndCashEquivalentsAtCarryingValue>

<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="E21Q1" decimals="128" unitRef="USD"> 0 </us-gaap:CashAndCashEquivalentsAtCarryingValue>

<us-gaap:InventoryNet contextRef="E21" decimals="128" unitRef="USD"> 0 </us-gaap:InventoryNet>

<us-gaap:InventoryNet contextRef="E21Q1" decimals="128" unitRef="USD"> 0 </us-gaap:InventoryNet>

<us-gaap:AssetsCurrent contextRef="E21" decimals="128" unitRef="USD"> 0 </us-gaap:AssetsCurrent>

<us-gaap:AssetsCurrent contextRef="E21Q1" decimals="128" unitRef="USD"> 0 </us-gaap:AssetsCurrent>

<us-gaap:PropertyPlantAndEquipmentGross contextRef="E21" decimals="128" unitRef="USD"> 0 </us-gaap:PropertyPlantAndEquipmentGross>

<us-gaap:PropertyPlantAndEquipmentGross contextRef="E21Q1" decimals="128" unitRef="USD"> 0 </us-gaap:PropertyPlantAndEquipmentGross>

<us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment contextRef="E21" decimals="128" unitRef="USD"> 0 </us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment>

<us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment contextRef="E21Q1" decimals="128" unitRef="USD"> 0 </us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment>

<us-gaap:PropertyPlantAndEquipmentNet contextRef="E21" decimals="128" unitRef="USD"> 0 </us-gaap:PropertyPlantAndEquipmentNet>

<us-gaap:PropertyPlantAndEquipmentNet contextRef="E21Q1" decimals="128" unitRef="USD"> 0 </us-gaap:PropertyPlantAndEquipmentNet>

<us-gaap:Assets contextRef="E21" decimals="128" unitRef="USD"> 0 </us-gaap:Assets>

<us-gaap:Assets contextRef="E21Q1" decimals="128" unitRef="USD"> 0 </us-gaap:Assets>

<us-gaap:AccountsPayableAndAccruedLiabilitiesCurrent contextRef="E21" decimals="INF" unitRef="USD"> 9676491 </us-gaap:AccountsPayableAndAccruedLiabilitiesCurrent>

<us-gaap:AccountsPayableAndAccruedLiabilitiesCurrent contextRef="E21Q1" decimals="INF" unitRef="USD"> 10055578 </us-gaap:AccountsPayableAndAccruedLiabilitiesCurrent>

<us-gaap:NotesPayableCurrent contextRef="E21" decimals="INF" unitRef="USD"> 164000 </us-gaap:NotesPayableCurrent>

<us-gaap:NotesPayableCurrent contextRef="E21Q1" decimals="INF" unitRef="USD"> 320615 </us-gaap:NotesPayableCurrent>

<us-gaap:LiabilitiesCurrent contextRef="E21" decimals="INF" unitRef="USD"> 9840491 </us-gaap:LiabilitiesCurrent>

<us-gaap:LiabilitiesCurrent contextRef="E21Q1" decimals="INF" unitRef="USD"> 10376193 </us-gaap:LiabilitiesCurrent>

<us-gaap:LongTermNotesPayable contextRef="E21" decimals="128" unitRef="USD"> 0 </us-gaap:LongTermNotesPayable>

<us-gaap:LongTermNotesPayable contextRef="E21Q1" decimals="128" unitRef="USD"> 0 </us-gaap:LongTermNotesPayable>

<us-gaap:LiabilitiesNoncurrent contextRef="E21" decimals="128" unitRef="USD"> 0 </us-gaap:LiabilitiesNoncurrent>

<us-gaap:LiabilitiesNoncurrent contextRef="E21Q1" decimals="128" unitRef="USD"> 0 </us-gaap:LiabilitiesNoncurrent>

<us-gaap:Liabilities contextRef="E21" decimals="INF" unitRef="USD"> 9840491 </us-gaap:Liabilities>

<us-gaap:Liabilities contextRef="E21Q1" decimals="INF" unitRef="USD"> 10376193 </us-gaap:Liabilities>

<us-gaap:PreferredStockParOrStatedValuePerShare contextRef="E21" decimals="INF" unitRef="UsdPerShare"> 0.001 </us-gaap:PreferredStockParOrStatedValuePerShare>

<us-gaap:PreferredStockParOrStatedValuePerShare contextRef="E21Q1" decimals="INF" unitRef="UsdPerShare"> 0.001 </us-gaap:PreferredStockParOrStatedValuePerShare>

<us-gaap:PreferredStockSharesAuthorized contextRef="E21" decimals="INF" unitRef="Shares"> 1000000 </us-gaap:PreferredStockSharesAuthorized>

<us-gaap:PreferredStockSharesAuthorized contextRef="E21Q1" decimals="INF" unitRef="Shares"> 1000000 </us-gaap:PreferredStockSharesAuthorized>

<us-gaap:PreferredStockSharesIssued contextRef="E21" decimals="INF" unitRef="Shares"> 0 </us-gaap:PreferredStockSharesIssued>

<us-gaap:PreferredStockSharesIssued contextRef="E21Q1" decimals="INF" unitRef="Shares"> 0 </us-gaap:PreferredStockSharesIssued>

<us-gaap:PreferredStockSharesOutstanding contextRef="E21" decimals="INF" unitRef="Shares"> 0 </us-gaap:PreferredStockSharesOutstanding>

<us-gaap:PreferredStockSharesOutstanding contextRef="E21Q1" decimals="INF" unitRef="Shares"> 0 </us-gaap:PreferredStockSharesOutstanding>

<us-gaap:PreferredStockValue contextRef="E21" decimals="128" unitRef="USD"> 0 </us-gaap:PreferredStockValue>

<us-gaap:PreferredStockValue contextRef="E21Q1" decimals="128" unitRef="USD"> 0 </us-gaap:PreferredStockValue>

<us-gaap:CommonStockParOrStatedValuePerShare contextRef="E21" decimals="INF" unitRef="UsdPerShare"> 0.001 </us-gaap:CommonStockParOrStatedValuePerShare>

<us-gaap:CommonStockParOrStatedValuePerShare contextRef="E21Q1" decimals="INF" unitRef="UsdPerShare"> 0.001 </us-gaap:CommonStockParOrStatedValuePerShare>

<us-gaap:CommonStockSharesAuthorized contextRef="E21" decimals="INF" unitRef="Shares"> 199000000 </us-gaap:CommonStockSharesAuthorized>

<us-gaap:CommonStockSharesAuthorized contextRef="E21Q1" decimals="INF" unitRef="Shares"> 199000000 </us-gaap:CommonStockSharesAuthorized>

<us-gaap:CommonStockSharesIssued contextRef="E21" decimals="INF" unitRef="Shares"> 305778 </us-gaap:CommonStockSharesIssued>

<us-gaap:CommonStockSharesIssued contextRef="E21Q1" decimals="INF" unitRef="Shares"> 305778 </us-gaap:CommonStockSharesIssued>

<us-gaap:CommonStockSharesOutstanding contextRef="E21" decimals="INF" unitRef="Shares"> 305778 </us-gaap:CommonStockSharesOutstanding>

<us-gaap:CommonStockSharesOutstanding contextRef="E21Q1" decimals="INF" unitRef="Shares"> 305778 </us-gaap:CommonStockSharesOutstanding>

<us-gaap:CommonStockValue contextRef="E21" decimals="INF" unitRef="USD"> 306 </us-gaap:CommonStockValue>

<us-gaap:CommonStockValue contextRef="E21Q1" decimals="INF" unitRef="USD"> 306 </us-gaap:CommonStockValue>

<us-gaap:AdditionalPaidInCapital contextRef="E21" decimals="INF" unitRef="USD"> 6148229 </us-gaap:AdditionalPaidInCapital>

<us-gaap:AdditionalPaidInCapital contextRef="E21Q1" decimals="INF" unitRef="USD"> 6148229 </us-gaap:AdditionalPaidInCapital>

<us-gaap:RetainedEarningsAccumulatedDeficit contextRef="E21" decimals="INF" unitRef="USD"> -15989026 </us-gaap:RetainedEarningsAccumulatedDeficit>

<us-gaap:RetainedEarningsAccumulatedDeficit contextRef="E21Q1" decimals="INF" unitRef="USD"> -16524728 </us-gaap:RetainedEarningsAccumulatedDeficit>

<us-gaap:StockholdersEquity contextRef="E21" decimals="INF" unitRef="USD"> -9840491 </us-gaap:StockholdersEquity>

<us-gaap:StockholdersEquity contextRef="E21Q1" decimals="INF" unitRef="USD"> -10376193 </us-gaap:StockholdersEquity>

<us-gaap:LiabilitiesAndStockholdersEquity contextRef="E21" decimals="128" unitRef="USD"> 0 </us-gaap:LiabilitiesAndStockholdersEquity>

<us-gaap:LiabilitiesAndStockholdersEquity contextRef="E21Q1" decimals="128" unitRef="USD"> 0 </us-gaap:LiabilitiesAndStockholdersEquity>

<us-gaap:Revenues contextRef="Y21Q4" decimals="128" unitRef="USD"> 0 </us-gaap:Revenues>

<us-gaap:Revenues contextRef="Y20Q4" decimals="128" unitRef="USD"> 0 </us-gaap:Revenues>

<us-gaap:Revenues contextRef="D210401_211231" decimals="128" unitRef="USD"> 0 </us-gaap:Revenues>

<us-gaap:Revenues contextRef="D200401_201231" decimals="128" unitRef="USD"> 0 </us-gaap:Revenues>

<us-gaap:Revenues contextRef="D020916_211231" decimals="INF" unitRef="USD"> 18500 </us-gaap:Revenues>

<us-gaap:CostOfGoodsAndServicesSold contextRef="Y21Q4" decimals="128" unitRef="USD"> 0 </us-gaap:CostOfGoodsAndServicesSold>

<us-gaap:CostOfGoodsAndServicesSold contextRef="Y20Q4" decimals="128" unitRef="USD"> 0 </us-gaap:CostOfGoodsAndServicesSold>

<us-gaap:CostOfGoodsAndServicesSold contextRef="D210401_211231" decimals="128" unitRef="USD"> 0 </us-gaap:CostOfGoodsAndServicesSold>

<us-gaap:CostOfGoodsAndServicesSold contextRef="D200401_201231" decimals="128" unitRef="USD"> 0 </us-gaap:CostOfGoodsAndServicesSold>

<us-gaap:CostOfGoodsAndServicesSold contextRef="D020916_211231" decimals="INF" unitRef="USD"> 18032 </us-gaap:CostOfGoodsAndServicesSold>

<us-gaap:GrossProfit contextRef="Y21Q4" decimals="128" unitRef="USD"> 0 </us-gaap:GrossProfit>

<us-gaap:GrossProfit contextRef="Y20Q4" decimals="128" unitRef="USD"> 0 </us-gaap:GrossProfit>

<us-gaap:GrossProfit contextRef="D210401_211231" decimals="128" unitRef="USD"> 0 </us-gaap:GrossProfit>

<us-gaap:GrossProfit contextRef="D200401_201231" decimals="128" unitRef="USD"> 0 </us-gaap:GrossProfit>

<us-gaap:GrossProfit contextRef="D020916_211231" decimals="INF" unitRef="USD"> 468 </us-gaap:GrossProfit>

<fil:GeneralAndAdministrative contextRef="Y21Q4" decimals="INF" unitRef="USD"> 7204 </fil:GeneralAndAdministrative>

<fil:GeneralAndAdministrative contextRef="Y20Q4" decimals="INF" unitRef="USD"> 11575 </fil:GeneralAndAdministrative>

<fil:GeneralAndAdministrative contextRef="D210401_211231" decimals="INF" unitRef="USD"> 26886 </fil:GeneralAndAdministrative>

<fil:GeneralAndAdministrative contextRef="D200401_201231" decimals="INF" unitRef="USD"> 49252 </fil:GeneralAndAdministrative>

<fil:GeneralAndAdministrative contextRef="D020916_211231" decimals="INF" unitRef="USD"> 14485736 </fil:GeneralAndAdministrative>

<us-gaap:Depreciation contextRef="D020916_211231" decimals="INF" unitRef="USD"> 24106 </us-gaap:Depreciation>

<us-gaap:ResearchAndDevelopmentExpense contextRef="D020916_211231" decimals="INF" unitRef="USD"> 226108 </us-gaap:ResearchAndDevelopmentExpense>

<us-gaap:OperatingExpenses contextRef="Y21Q4" decimals="INF" unitRef="USD"> 7204 </us-gaap:OperatingExpenses>

<us-gaap:OperatingExpenses contextRef="Y20Q4" decimals="INF" unitRef="USD"> 11575 </us-gaap:OperatingExpenses>

<us-gaap:OperatingExpenses contextRef="D210401_211231" decimals="INF" unitRef="USD"> 26886 </us-gaap:OperatingExpenses>

<us-gaap:OperatingExpenses contextRef="D200401_201231" decimals="INF" unitRef="USD"> 49252 </us-gaap:OperatingExpenses>

<us-gaap:OperatingExpenses contextRef="D020916_211231" decimals="INF" unitRef="USD"> 14735950 </us-gaap:OperatingExpenses>

<us-gaap:OperatingIncomeLoss contextRef="Y21Q4" decimals="INF" unitRef="USD"> -7204 </us-gaap:OperatingIncomeLoss>

<us-gaap:OperatingIncomeLoss contextRef="Y20Q4" decimals="INF" unitRef="USD"> -11575 </us-gaap:OperatingIncomeLoss>

<us-gaap:OperatingIncomeLoss contextRef="D210401_211231" decimals="INF" unitRef="USD"> -26886 </us-gaap:OperatingIncomeLoss>

<us-gaap:OperatingIncomeLoss contextRef="D200401_201231" decimals="INF" unitRef="USD"> -49252 </us-gaap:OperatingIncomeLoss>

<us-gaap:OperatingIncomeLoss contextRef="D020916_211231" decimals="INF" unitRef="USD"> -14735482 </us-gaap:OperatingIncomeLoss>

<fil:InterestExpense1 contextRef="Y21Q4" decimals="INF" unitRef="USD"> 3280 </fil:InterestExpense1>

<fil:InterestExpense1 contextRef="Y20Q4" decimals="INF" unitRef="USD"> 7278 </fil:InterestExpense1>

<fil:InterestExpense1 contextRef="D210401_211231" decimals="INF" unitRef="USD"> 13838 </fil:InterestExpense1>

<fil:InterestExpense1 contextRef="D200401_201231" decimals="INF" unitRef="USD"> 39948 </fil:InterestExpense1>

<fil:InterestExpense1 contextRef="D020916_211231" decimals="INF" unitRef="USD"> 3314707 </fil:InterestExpense1>

<us-gaap:OtherNonoperatingIncomeExpense contextRef="Y21Q4" decimals="128" unitRef="USD"> 0 </us-gaap:OtherNonoperatingIncomeExpense>

<us-gaap:OtherNonoperatingIncomeExpense contextRef="Y20Q4" decimals="INF" unitRef="USD"> 1857497 </us-gaap:OtherNonoperatingIncomeExpense>

<us-gaap:OtherNonoperatingIncomeExpense contextRef="D210401_211231" decimals="INF" unitRef="USD"> 576426 </us-gaap:OtherNonoperatingIncomeExpense>

<us-gaap:OtherNonoperatingIncomeExpense contextRef="D200401_201231" decimals="INF" unitRef="USD"> 1857497 </us-gaap:OtherNonoperatingIncomeExpense>

<us-gaap:OtherNonoperatingIncomeExpense contextRef="D020916_211231" decimals="INF" unitRef="USD"> 2061163 </us-gaap:OtherNonoperatingIncomeExpense>

<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="Y21Q4" decimals="INF" unitRef="USD"> -10484 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>

<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="Y20Q4" decimals="INF" unitRef="USD"> 1838644 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>

<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="D210401_211231" decimals="INF" unitRef="USD"> 535702 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>

<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="D200401_201231" decimals="INF" unitRef="USD"> 1768297 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>

<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="D020916_211231" decimals="INF" unitRef="USD"> -15989026 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>

<us-gaap:IncomeTaxExpenseBenefit contextRef="Y21Q4" decimals="128" unitRef="USD"> 0 </us-gaap:IncomeTaxExpenseBenefit>

<us-gaap:IncomeTaxExpenseBenefit contextRef="Y20Q4" decimals="128" unitRef="USD"> 0 </us-gaap:IncomeTaxExpenseBenefit>

<us-gaap:IncomeTaxExpenseBenefit contextRef="D210401_211231" decimals="128" unitRef="USD"> 0 </us-gaap:IncomeTaxExpenseBenefit>

<us-gaap:IncomeTaxExpenseBenefit contextRef="D200401_201231" decimals="128" unitRef="USD"> 0 </us-gaap:IncomeTaxExpenseBenefit>

<us-gaap:IncomeTaxExpenseBenefit contextRef="D020916_211231" decimals="INF" unitRef="USD"> 0 </us-gaap:IncomeTaxExpenseBenefit>

<us-gaap:NetIncomeLoss contextRef="Y21Q4" decimals="INF" unitRef="USD"> -10484 </us-gaap:NetIncomeLoss>

<us-gaap:NetIncomeLoss contextRef="Y20Q4" decimals="INF" unitRef="USD"> 1838644 </us-gaap:NetIncomeLoss>

<us-gaap:NetIncomeLoss contextRef="D210401_211231" decimals="INF" unitRef="USD"> 535702 </us-gaap:NetIncomeLoss>

<us-gaap:NetIncomeLoss contextRef="D200401_201231" decimals="INF" unitRef="USD"> 1768297 </us-gaap:NetIncomeLoss>

<us-gaap:NetIncomeLoss contextRef="D020916_211231" decimals="INF" unitRef="USD"> -15989026 </us-gaap:NetIncomeLoss>

<us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted contextRef="Y21Q4" decimals="INF" unitRef="Shares"> 305778 </us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted>

<us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted contextRef="Y20Q4" decimals="INF" unitRef="Shares"> 305778 </us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted>

<us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted contextRef="D210401_211231" decimals="INF" unitRef="Shares"> 305778 </us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted>

<us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted contextRef="D200401_201231" decimals="INF" unitRef="Shares"> 305778 </us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted>

<us-gaap:IncomeLossFromContinuingOperationsPerBasicAndDilutedShare contextRef="Y21Q4" decimals="INF" unitRef="UsdPerShare"> -0.03 </us-gaap:IncomeLossFromContinuingOperationsPerBasicAndDilutedShare>

<us-gaap:IncomeLossFromContinuingOperationsPerBasicAndDilutedShare contextRef="Y20Q4" decimals="INF" unitRef="UsdPerShare"> 6.01 </us-gaap:IncomeLossFromContinuingOperationsPerBasicAndDilutedShare>

<us-gaap:IncomeLossFromContinuingOperationsPerBasicAndDilutedShare contextRef="D210401_211231" decimals="INF" unitRef="UsdPerShare"> 1.75 </us-gaap:IncomeLossFromContinuingOperationsPerBasicAndDilutedShare>

<us-gaap:IncomeLossFromContinuingOperationsPerBasicAndDilutedShare contextRef="D200401_201231" decimals="INF" unitRef="UsdPerShare"> 5.78 </us-gaap:IncomeLossFromContinuingOperationsPerBasicAndDilutedShare>

<us-gaap:EarningsPerShareBasicAndDiluted contextRef="Y21Q4" decimals="INF" unitRef="UsdPerShare"> -0.03 </us-gaap:EarningsPerShareBasicAndDiluted>

<us-gaap:EarningsPerShareBasicAndDiluted contextRef="Y20Q4" decimals="INF" unitRef="UsdPerShare"> 6.01 </us-gaap:EarningsPerShareBasicAndDiluted>

<us-gaap:EarningsPerShareBasicAndDiluted contextRef="D210401_211231" decimals="INF" unitRef="UsdPerShare"> 1.75 </us-gaap:EarningsPerShareBasicAndDiluted>

<us-gaap:EarningsPerShareBasicAndDiluted contextRef="D200401_201231" decimals="INF" unitRef="UsdPerShare"> 5.78 </us-gaap:EarningsPerShareBasicAndDiluted>

<us-gaap:NetIncomeLoss contextRef="D210401_211231" decimals="INF" unitRef="USD"> 535702 </us-gaap:NetIncomeLoss>

<us-gaap:NetIncomeLoss contextRef="D200401_201231" decimals="INF" unitRef="USD"> 1768297 </us-gaap:NetIncomeLoss>

<us-gaap:NetIncomeLoss contextRef="D020916_211231" decimals="INF" unitRef="USD"> -15989026 </us-gaap:NetIncomeLoss>

<us-gaap:ShareBasedCompensation contextRef="D210401_211231" decimals="128" unitRef="USD"> 0 </us-gaap:ShareBasedCompensation>

<us-gaap:ShareBasedCompensation contextRef="D200401_201231" decimals="128" unitRef="USD"> 0 </us-gaap:ShareBasedCompensation>

<us-gaap:ShareBasedCompensation contextRef="D020916_211231" decimals="INF" unitRef="USD"> 5114493 </us-gaap:ShareBasedCompensation>

<us-gaap:Depreciation contextRef="D210401_211231" decimals="128" unitRef="USD"> 0 </us-gaap:Depreciation>

<us-gaap:Depreciation contextRef="D200401_201231" decimals="128" unitRef="USD"> 0 </us-gaap:Depreciation>

<us-gaap:Depreciation contextRef="D020916_211231" decimals="INF" unitRef="USD"> 24106 </us-gaap:Depreciation>

<fil:NetDiscountOnConvertibleDebt contextRef="D210401_211231" decimals="128" unitRef="USD"> 0 </fil:NetDiscountOnConvertibleDebt>

<fil:NetDiscountOnConvertibleDebt contextRef="D200401_201231" decimals="128" unitRef="USD"> 0 </fil:NetDiscountOnConvertibleDebt>

<fil:NetDiscountOnConvertibleDebt contextRef="D020916_211231" decimals="INF" unitRef="USD"> 206324 </fil:NetDiscountOnConvertibleDebt>

<fil:LossDueToImpairmentGainOnRestructuring contextRef="D210401_211231" decimals="128" unitRef="USD"> 0 </fil:LossDueToImpairmentGainOnRestructuring>

<fil:LossDueToImpairmentGainOnRestructuring contextRef="D200401_201231" decimals="128" unitRef="USD"> 0 </fil:LossDueToImpairmentGainOnRestructuring>

<fil:LossDueToImpairmentGainOnRestructuring contextRef="D020916_211231" decimals="INF" unitRef="USD"> 630795 </fil:LossDueToImpairmentGainOnRestructuring>

<us-gaap:IncreaseDecreaseInInventories contextRef="D210401_211231" decimals="128" unitRef="USD"> 0 </us-gaap:IncreaseDecreaseInInventories>

<us-gaap:IncreaseDecreaseInInventories contextRef="D200401_201231" decimals="128" unitRef="USD"> 0 </us-gaap:IncreaseDecreaseInInventories>

<us-gaap:IncreaseDecreaseInInventories contextRef="D020916_211231" decimals="INF" unitRef="USD"> 4869 </us-gaap:IncreaseDecreaseInInventories>

<us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities contextRef="D210401_211231" decimals="INF" unitRef="USD"> -535702 </us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities>

<us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities contextRef="D200401_201231" decimals="INF" unitRef="USD"> -1768297 </us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities>

<us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities contextRef="D020916_211231" decimals="INF" unitRef="USD"> 9550579 </us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities>

<us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations contextRef="D210401_211231" decimals="128" unitRef="USD"> 0 </us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations>

<us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations contextRef="D200401_201231" decimals="128" unitRef="USD"> 0 </us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations>

<us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations contextRef="D020916_211231" decimals="INF" unitRef="USD"> -467598 </us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations>

<us-gaap:PaymentsToAcquirePropertyPlantAndEquipment contextRef="D210401_211231" decimals="128" unitRef="USD"> 0 </us-gaap:PaymentsToAcquirePropertyPlantAndEquipment>

<us-gaap:PaymentsToAcquirePropertyPlantAndEquipment contextRef="D200401_201231" decimals="128" unitRef="USD"> 0 </us-gaap:PaymentsToAcquirePropertyPlantAndEquipment>

<us-gaap:PaymentsToAcquirePropertyPlantAndEquipment contextRef="D020916_211231" decimals="INF" unitRef="USD"> 189541 </us-gaap:PaymentsToAcquirePropertyPlantAndEquipment>

<us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="D210401_211231" decimals="128" unitRef="USD"> 0 </us-gaap:NetCashProvidedByUsedInInvestingActivities>

<us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="D200401_201231" decimals="128" unitRef="USD"> 0 </us-gaap:NetCashProvidedByUsedInInvestingActivities>

<us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="D020916_211231" decimals="INF" unitRef="USD"> -189541 </us-gaap:NetCashProvidedByUsedInInvestingActivities>

<us-gaap:ProceedsFromPaymentsForOtherFinancingActivities contextRef="D210401_211231" decimals="128" unitRef="USD"> 0 </us-gaap:ProceedsFromPaymentsForOtherFinancingActivities>

<us-gaap:ProceedsFromPaymentsForOtherFinancingActivities contextRef="D200401_201231" decimals="128" unitRef="USD"> 0 </us-gaap:ProceedsFromPaymentsForOtherFinancingActivities>

<us-gaap:ProceedsFromPaymentsForOtherFinancingActivities contextRef="D020916_211231" decimals="INF" unitRef="USD"> 737500 </us-gaap:ProceedsFromPaymentsForOtherFinancingActivities>

<us-gaap:ProceedsFromRepaymentsOfRelatedPartyDebt contextRef="D210401_211231" decimals="128" unitRef="USD"> 0 </us-gaap:ProceedsFromRepaymentsOfRelatedPartyDebt>

<us-gaap:ProceedsFromRepaymentsOfRelatedPartyDebt contextRef="D200401_201231" decimals="128" unitRef="USD"> 0 </us-gaap:ProceedsFromRepaymentsOfRelatedPartyDebt>

<us-gaap:ProceedsFromRepaymentsOfRelatedPartyDebt contextRef="D020916_211231" decimals="INF" unitRef="USD"> -113947 </us-gaap:ProceedsFromRepaymentsOfRelatedPartyDebt>

<us-gaap:ProceedsFromIssuanceOfCommonStock contextRef="D210401_211231" decimals="128" unitRef="USD"> 0 </us-gaap:ProceedsFromIssuanceOfCommonStock>

<us-gaap:ProceedsFromIssuanceOfCommonStock contextRef="D200401_201231" decimals="128" unitRef="USD"> 0 </us-gaap:ProceedsFromIssuanceOfCommonStock>

<us-gaap:ProceedsFromIssuanceOfCommonStock contextRef="D020916_211231" decimals="INF" unitRef="USD"> 33586 </us-gaap:ProceedsFromIssuanceOfCommonStock>

<us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="D210401_211231" decimals="128" unitRef="USD"> 0 </us-gaap:NetCashProvidedByUsedInFinancingActivities>

<us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="D200401_201231" decimals="128" unitRef="USD"> 0 </us-gaap:NetCashProvidedByUsedInFinancingActivities>

<us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="D020916_211231" decimals="INF" unitRef="USD"> 657139 </us-gaap:NetCashProvidedByUsedInFinancingActivities>

<us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="D210401_211231" decimals="128" unitRef="USD"> 0 </us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>

<us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="D200401_201231" decimals="128" unitRef="USD"> 0 </us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>

<us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="D020916_211231" decimals="128" unitRef="USD"> 0 </us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>

<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="E21Q1" decimals="128" unitRef="USD"> 0 </us-gaap:CashAndCashEquivalentsAtCarryingValue>

<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="E20Q1" decimals="128" unitRef="USD"> 0 </us-gaap:CashAndCashEquivalentsAtCarryingValue>

<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="I020915" decimals="128" unitRef="USD"> 0 </us-gaap:CashAndCashEquivalentsAtCarryingValue>

<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="E21" decimals="128" unitRef="USD"> 0 </us-gaap:CashAndCashEquivalentsAtCarryingValue>

<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="E20" decimals="128" unitRef="USD"> 0 </us-gaap:CashAndCashEquivalentsAtCarryingValue>

<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="E21" decimals="128" unitRef="USD"> 0 </us-gaap:CashAndCashEquivalentsAtCarryingValue>

<us-gaap:InterestPaid contextRef="D210401_211231" decimals="128" unitRef="USD"> 0 </us-gaap:InterestPaid>

<us-gaap:InterestPaid contextRef="D200401_201231" decimals="128" unitRef="USD"> 0 </us-gaap:InterestPaid>

<us-gaap:InterestPaid contextRef="D020916_211231" decimals="INF" unitRef="USD"> 24295 </us-gaap:InterestPaid>

<us-gaap:IncomeTaxesPaidNet contextRef="D210401_211231" decimals="128" unitRef="USD"> 0 </us-gaap:IncomeTaxesPaidNet>

<us-gaap:IncomeTaxesPaidNet contextRef="D200401_201231" decimals="128" unitRef="USD"> 0 </us-gaap:IncomeTaxesPaidNet>

<us-gaap:IncomeTaxesPaidNet contextRef="D020916_211231" decimals="128" unitRef="USD"> 0 </us-gaap:IncomeTaxesPaidNet>

<us-gaap:BasisOfAccounting contextRef="D210401_211231">

Note 1 - BASIS OF PRESENTATION The accompanying unaudited consolidated condensed financial statements of Sector 10, Inc. (“Sector 10” or the “Company”), have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and required by Rule 10-01 of Regulation S-X. They do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, considered necessary for a fair presentation, have been included in the accompanying unaudited consolidated financial statements. Operating results for the periods presented are not necessarily indicative of the results that may be expected for the full year. Impact of Recent Accounting Pronouncements Sector 10 does not expect the adoption of any recently issued accounting pronouncements to have a material impact on its financial condition or results of operations.

</us-gaap:BasisOfAccounting>

<us-gaap:InventoryDisclosureTextBlock contextRef="D210401_211231">

Note 2 – INVENTORY There were no sales in the nine months ended December 31, 2021. The inventory reflected on the books was $0 for the nine months ended December 31, 2021.

</us-gaap:InventoryDisclosureTextBlock>

<us-gaap:InventoryNet contextRef="E21" decimals="INF" unitRef="USD"> 0 </us-gaap:InventoryNet>

<us-gaap:DebtDisclosureTextBlock contextRef="D210401_211231">

Note 3 – NOTES PAYABLE Johnson Financing Total interest accrued is $0 of which $2,598 was accrued in the first three months ended June 30, 2021. In the period ended September 30, 2021, an additional review of the Dutro settlement impact was conducted. In the review of the settlement impact, three loans were considered to be included within the terms of the settlement agreement including the Johnson loan. The full amount of the loan balances plus all accrued interest was treated as a gain on the extinguishment of debt as a result of the Court’s decision. No interest was accrued in the current period. No further interest shall be accrued in future periods. Dutro Financing: In October 2020, The Court dismissed the Dutro Litigation with no amounts due either party. As a result of the Court’s decision, the contingent interest along with the full outstanding loan balance was forgiven and no future interest is due. No interest was accrued in the current period. No further interest shall be accrued in future periods. Employee Agreement: The financial statements reflect an accrual of interest on unpaid wages and other compensation in the amount of $2,357,414. No amount was accrued during the current fiscal year. In September 2020, the Company decided to stop all accruals of salary and employee contract interest as of the end of the fiscal year ended March 31, 2020. No future accruals will be made for either interest on unpaid wages or on accrued wages. Other Notes Individuals – short term Total interest accrued as of December 31, 2021 was $114,630 of which $7,340 was accrued during the nine months ended December 31, 2021. Asher Enterprises, Inc. Total interest accrued (without discount amortization) as of December 31, 2021 was $61,602 of which $3,900 was accrued during the nine months ended December 31, 2021 The current period interest is included as part of other interest. Summary of Interest and Notes Payable <table style="border-collapse:collapse;width:100%"><tr><td style="width:66.72%" valign="bottom">Interest expense </td><td style="width:1.06%" valign="middle"> </td><td style="width:14.74%;border-bottom:0.5pt solid #000000" valign="middle">December 31, 2021 </td><td style="width:0.74%" valign="middle"> </td><td style="width:1.06%" valign="bottom"> </td><td style="width:14.6%;border-bottom:0.5pt solid #000000" valign="middle">March 31, 2021 </td><td style="width:1.06%" valign="bottom"> </td></tr> <tr><td style="background-color:#CCEEFF;width:66.72%" valign="bottom">Interest – Johnson </td><td style="background-color:#CCEEFF;width:1.06%" valign="middle"> </td><td style="background-color:#CCEEFF;width:14.74%" valign="bottom">2,598 </td><td style="background-color:#CCEEFF;width:0.74%" valign="middle"> </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom"> </td><td style="background-color:#CCEEFF;width:14.6%" valign="bottom">10,394 </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom"> </td></tr> <tr><td style="width:66.72%" valign="bottom">Interest – Dutro Group </td><td style="width:1.06%" valign="middle"> </td><td style="width:14.74%" valign="bottom">- </td><td style="width:0.74%" valign="middle"> </td><td style="width:1.06%" valign="bottom"> </td><td style="width:14.6%" valign="bottom">18,112 </td><td style="width:1.06%" valign="bottom"> </td></tr> <tr><td style="background-color:#CCEEFF;width:66.72%" valign="bottom">Interest - Employee Group </td><td style="background-color:#CCEEFF;width:1.06%" valign="middle"> </td><td style="background-color:#CCEEFF;width:14.74%" valign="bottom">- </td><td style="background-color:#CCEEFF;width:0.74%" valign="middle"> </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom"> </td><td style="background-color:#CCEEFF;width:14.6%" valign="bottom">- </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom"> </td></tr> <tr><td style="width:66.72%" valign="bottom">Interest – Other Notes </td><td style="width:1.06%" valign="middle"> </td><td style="width:14.74%" valign="bottom">11,240 </td><td style="width:0.74%" valign="middle"> </td><td style="width:1.06%" valign="bottom"> </td><td style="width:14.6%" valign="bottom">18,720 </td><td style="width:1.06%" valign="bottom"> </td></tr> <tr><td style="background-color:#CCEEFF;width:66.72%" valign="bottom">Total interest expense </td><td style="background-color:#CCEEFF;width:1.06%" valign="middle">$ </td><td style="background-color:#CCEEFF;width:14.74%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">13,838 </td><td style="background-color:#CCEEFF;width:0.74%" valign="middle"> </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom">$ </td><td style="background-color:#CCEEFF;width:14.6%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">47,226 </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom"> </td></tr> </table> <table style="border-collapse:collapse;width:100%"><tr><td style="width:66.68%" valign="bottom">Note Payable Balance </td><td style="width:1.06%" valign="bottom"> </td><td style="width:14.7%" valign="bottom">December 31, 2021 </td><td style="width:0.7%" valign="bottom"> </td><td style="width:1.06%" valign="bottom"> </td><td style="width:14.7%" valign="bottom">March 31, 2021 </td><td style="width:1.06%" valign="bottom"> </td></tr> <tr><td style="background-color:#CCEEFF;width:66.68%" valign="bottom">Edward Johnson – Johnson Financing </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom">$ </td><td style="background-color:#CCEEFF;width:14.7%" valign="bottom"> </td><td style="background-color:#CCEEFF;width:0.7%" valign="bottom"> </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom">$ </td><td style="background-color:#CCEEFF;width:14.7%" valign="bottom">86,615 </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom"> </td></tr> <tr><td style="width:66.68%" valign="bottom">Various Individuals – Other Notes </td><td style="width:1.06%" valign="bottom"> </td><td style="width:14.7%" valign="bottom">99,000 </td><td style="width:0.7%" valign="bottom"> </td><td style="width:1.06%" valign="bottom"> </td><td style="width:14.7%" valign="bottom">169,000 </td><td style="width:1.06%" valign="bottom"> </td></tr> <tr><td style="background-color:#CCEEFF;width:66.68%" valign="bottom">Asher Enterprises, Inc. – Other Notes </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom"> </td><td style="background-color:#CCEEFF;width:14.7%;border-bottom:0.25pt solid #000000" valign="bottom">65,000 </td><td style="background-color:#CCEEFF;width:0.7%" valign="bottom"> </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom"> </td><td style="background-color:#CCEEFF;width:14.7%;border-bottom:0.25pt solid #000000" valign="bottom">65,000 </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom"> </td></tr> <tr><td style="width:66.68%" valign="bottom">Total Note Payable – short term </td><td style="width:1.06%" valign="bottom">$ </td><td style="width:14.7%;border-bottom:0.75pt solid #000000" valign="bottom">164,000 </td><td style="width:0.7%" valign="bottom"> </td><td style="width:1.06%" valign="bottom">$ </td><td style="width:14.7%;border-bottom:0.75pt solid #000000" valign="bottom">320,615 </td><td style="width:1.06%" valign="bottom"> </td></tr> <tr><td style="background-color:#CCEEFF;width:66.68%" valign="bottom">Total Note Payable – long term </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom">$ </td><td style="background-color:#CCEEFF;width:14.7%;border-bottom:0.75pt solid #000000" valign="bottom">- </td><td style="background-color:#CCEEFF;width:0.7%" valign="bottom"> </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom">$ </td><td style="background-color:#CCEEFF;width:14.7%;border-bottom:0.75pt solid #000000" valign="bottom">- </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom"> </td></tr> <tr><td style="width:66.68%" valign="bottom"> </td><td style="width:1.06%" valign="bottom"> </td><td style="width:14.7%" valign="bottom"> </td><td style="width:0.7%" valign="bottom"> </td><td style="width:1.06%" valign="bottom"> </td><td style="width:14.7%" valign="bottom"> </td><td style="width:1.06%" valign="bottom"> </td></tr> <tr><td style="background-color:#CCEEFF;width:66.68%" valign="bottom">Total Notes Payable </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom">$ </td><td style="background-color:#CCEEFF;width:14.7%;border-bottom:0.75pt solid #000000" valign="bottom">164,000 </td><td style="background-color:#CCEEFF;width:0.7%" valign="bottom"> </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom">$ </td><td style="background-color:#CCEEFF;width:14.7%;border-bottom:0.75pt solid #000000" valign="bottom">320,615 </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom"> </td></tr> </table> Debt Maturity Schedule As of December 31, 2021, the annual maturities for notes payable are scheduled as follows: <table style="border-collapse:collapse;width:100%"><tr><td style="width:79.9%" valign="bottom">Fiscal Year </td><td style="width:4.34%" valign="bottom"> </td><td style="width:15.76%" valign="bottom">Amount </td></tr> <tr><td style="background-color:#CCEEFF;width:79.9%" valign="bottom">March 31, 2022 </td><td style="background-color:#CCEEFF;width:4.34%" valign="bottom">$ </td><td style="background-color:#CCEEFF;width:15.76%" valign="bottom">164,000 </td></tr> <tr><td style="width:79.9%" valign="bottom">March 31, 2023 </td><td style="width:4.34%" valign="bottom">$ </td><td style="width:15.76%;border-bottom:0.5pt solid #000000" valign="bottom">- </td></tr> <tr><td style="background-color:#CCEEFF;width:79.9%" valign="bottom"> </td><td style="background-color:#CCEEFF;width:4.34%" valign="bottom"> </td><td style="background-color:#CCEEFF;width:15.76%;border-top:0.5pt solid #000000" valign="bottom"> </td></tr> <tr><td style="width:79.9%" valign="bottom">Total </td><td style="width:4.34%" valign="bottom">$ </td><td style="width:15.76%;border-bottom:3px double #000000" valign="bottom">164,000 </td></tr> </table> All interest is due under the terms of the various agreements. However future interest payments will not be made until all pending litigation is resolved and a satisfactory revised payment arrangement is completed by all parties

</us-gaap:DebtDisclosureTextBlock>

<fil:InterestAccrued contextRef="D210401_211231_DebtInstr-JohnsonFinancing" decimals="INF" unitRef="USD"> 2598 </fil:InterestAccrued>

<fil:AccrualOfInterestOnUnpaidWagesAndOtherCompensation contextRef="D210401_211231" decimals="INF" unitRef="USD"> 0 </fil:AccrualOfInterestOnUnpaidWagesAndOtherCompensation>

<fil:InterestAccrued contextRef="D210401_211231_DebtInstr-IndividualsShortTerm" decimals="INF" unitRef="USD"> 7340 </fil:InterestAccrued>

<fil:InterestAccrued contextRef="D210401_211231_DebtInstr-AsherEnterprisesInc" decimals="INF" unitRef="USD"> 3900 </fil:InterestAccrued>

<us-gaap:InterestIncomeAndInterestExpenseDisclosureTableTextBlock contextRef="D210401_211231">

Summary of Interest and Notes Payable <table style="border-collapse:collapse;width:100%"><tr><td style="width:66.72%" valign="bottom">Interest expense </td><td style="width:1.06%" valign="middle"> </td><td style="width:14.74%;border-bottom:0.5pt solid #000000" valign="middle">December 31, 2021 </td><td style="width:0.74%" valign="middle"> </td><td style="width:1.06%" valign="bottom"> </td><td style="width:14.6%;border-bottom:0.5pt solid #000000" valign="middle">March 31, 2021 </td><td style="width:1.06%" valign="bottom"> </td></tr> <tr><td style="background-color:#CCEEFF;width:66.72%" valign="bottom">Interest – Johnson </td><td style="background-color:#CCEEFF;width:1.06%" valign="middle"> </td><td style="background-color:#CCEEFF;width:14.74%" valign="bottom">2,598 </td><td style="background-color:#CCEEFF;width:0.74%" valign="middle"> </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom"> </td><td style="background-color:#CCEEFF;width:14.6%" valign="bottom">10,394 </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom"> </td></tr> <tr><td style="width:66.72%" valign="bottom">Interest – Dutro Group </td><td style="width:1.06%" valign="middle"> </td><td style="width:14.74%" valign="bottom">- </td><td style="width:0.74%" valign="middle"> </td><td style="width:1.06%" valign="bottom"> </td><td style="width:14.6%" valign="bottom">18,112 </td><td style="width:1.06%" valign="bottom"> </td></tr> <tr><td style="background-color:#CCEEFF;width:66.72%" valign="bottom">Interest - Employee Group </td><td style="background-color:#CCEEFF;width:1.06%" valign="middle"> </td><td style="background-color:#CCEEFF;width:14.74%" valign="bottom">- </td><td style="background-color:#CCEEFF;width:0.74%" valign="middle"> </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom"> </td><td style="background-color:#CCEEFF;width:14.6%" valign="bottom">- </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom"> </td></tr> <tr><td style="width:66.72%" valign="bottom">Interest – Other Notes </td><td style="width:1.06%" valign="middle"> </td><td style="width:14.74%" valign="bottom">11,240 </td><td style="width:0.74%" valign="middle"> </td><td style="width:1.06%" valign="bottom"> </td><td style="width:14.6%" valign="bottom">18,720 </td><td style="width:1.06%" valign="bottom"> </td></tr> <tr><td style="background-color:#CCEEFF;width:66.72%" valign="bottom">Total interest expense </td><td style="background-color:#CCEEFF;width:1.06%" valign="middle">$ </td><td style="background-color:#CCEEFF;width:14.74%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">13,838 </td><td style="background-color:#CCEEFF;width:0.74%" valign="middle"> </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom">$ </td><td style="background-color:#CCEEFF;width:14.6%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">47,226 </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom"> </td></tr> </table>

</us-gaap:InterestIncomeAndInterestExpenseDisclosureTableTextBlock>

<us-gaap:InterestExpense contextRef="D210401_211231_DebtInstr-JohnsonFinancing" decimals="INF" unitRef="USD"> 2598 </us-gaap:InterestExpense>

<us-gaap:InterestExpense contextRef="D200401_210331_DebtInstr-JohnsonFinancing" decimals="INF" unitRef="USD"> 10394 </us-gaap:InterestExpense>

<us-gaap:InterestExpense contextRef="D210401_211231_DebtInstr-DutroGroup" decimals="128" unitRef="USD"> 0 </us-gaap:InterestExpense>

<us-gaap:InterestExpense contextRef="D200401_210331_DebtInstr-DutroGroup" decimals="INF" unitRef="USD"> 18112 </us-gaap:InterestExpense>

<us-gaap:InterestExpense contextRef="D210401_211231_DebtInstr-EmployeeGroup" decimals="128" unitRef="USD"> 0 </us-gaap:InterestExpense>

<us-gaap:InterestExpense contextRef="D200401_210331_DebtInstr-EmployeeGroup" decimals="128" unitRef="USD"> 0 </us-gaap:InterestExpense>

<us-gaap:InterestExpense contextRef="D210401_211231_DebtInstr-Other" decimals="INF" unitRef="USD"> 11240 </us-gaap:InterestExpense>

<us-gaap:InterestExpense contextRef="D200401_210331_DebtInstr-Other" decimals="INF" unitRef="USD"> 18720 </us-gaap:InterestExpense>

<us-gaap:InterestExpense contextRef="D210401_211231" decimals="INF" unitRef="USD"> 13838 </us-gaap:InterestExpense>

<us-gaap:InterestExpense contextRef="D200401_210331" decimals="INF" unitRef="USD"> 47226 </us-gaap:InterestExpense>

<us-gaap:ScheduleOfDebtTableTextBlock contextRef="D210401_211231">

<table style="border-collapse:collapse;width:100%"><tr><td style="width:66.68%" valign="bottom">Note Payable Balance </td><td style="width:1.06%" valign="bottom"> </td><td style="width:14.7%" valign="bottom">December 31, 2021 </td><td style="width:0.7%" valign="bottom"> </td><td style="width:1.06%" valign="bottom"> </td><td style="width:14.7%" valign="bottom">March 31, 2021 </td><td style="width:1.06%" valign="bottom"> </td></tr> <tr><td style="background-color:#CCEEFF;width:66.68%" valign="bottom">Edward Johnson – Johnson Financing </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom">$ </td><td style="background-color:#CCEEFF;width:14.7%" valign="bottom"> </td><td style="background-color:#CCEEFF;width:0.7%" valign="bottom"> </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom">$ </td><td style="background-color:#CCEEFF;width:14.7%" valign="bottom">86,615 </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom"> </td></tr> <tr><td style="width:66.68%" valign="bottom">Various Individuals – Other Notes </td><td style="width:1.06%" valign="bottom"> </td><td style="width:14.7%" valign="bottom">99,000 </td><td style="width:0.7%" valign="bottom"> </td><td style="width:1.06%" valign="bottom"> </td><td style="width:14.7%" valign="bottom">169,000 </td><td style="width:1.06%" valign="bottom"> </td></tr> <tr><td style="background-color:#CCEEFF;width:66.68%" valign="bottom">Asher Enterprises, Inc. – Other Notes </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom"> </td><td style="background-color:#CCEEFF;width:14.7%;border-bottom:0.25pt solid #000000" valign="bottom">65,000 </td><td style="background-color:#CCEEFF;width:0.7%" valign="bottom"> </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom"> </td><td style="background-color:#CCEEFF;width:14.7%;border-bottom:0.25pt solid #000000" valign="bottom">65,000 </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom"> </td></tr> <tr><td style="width:66.68%" valign="bottom">Total Note Payable – short term </td><td style="width:1.06%" valign="bottom">$ </td><td style="width:14.7%;border-bottom:0.75pt solid #000000" valign="bottom">164,000 </td><td style="width:0.7%" valign="bottom"> </td><td style="width:1.06%" valign="bottom">$ </td><td style="width:14.7%;border-bottom:0.75pt solid #000000" valign="bottom">320,615 </td><td style="width:1.06%" valign="bottom"> </td></tr> <tr><td style="background-color:#CCEEFF;width:66.68%" valign="bottom">Total Note Payable – long term </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom">$ </td><td style="background-color:#CCEEFF;width:14.7%;border-bottom:0.75pt solid #000000" valign="bottom">- </td><td style="background-color:#CCEEFF;width:0.7%" valign="bottom"> </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom">$ </td><td style="background-color:#CCEEFF;width:14.7%;border-bottom:0.75pt solid #000000" valign="bottom">- </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom"> </td></tr> <tr><td style="width:66.68%" valign="bottom"> </td><td style="width:1.06%" valign="bottom"> </td><td style="width:14.7%" valign="bottom"> </td><td style="width:0.7%" valign="bottom"> </td><td style="width:1.06%" valign="bottom"> </td><td style="width:14.7%" valign="bottom"> </td><td style="width:1.06%" valign="bottom"> </td></tr> <tr><td style="background-color:#CCEEFF;width:66.68%" valign="bottom">Total Notes Payable </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom">$ </td><td style="background-color:#CCEEFF;width:14.7%;border-bottom:0.75pt solid #000000" valign="bottom">164,000 </td><td style="background-color:#CCEEFF;width:0.7%" valign="bottom"> </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom">$ </td><td style="background-color:#CCEEFF;width:14.7%;border-bottom:0.75pt solid #000000" valign="bottom">320,615 </td><td style="background-color:#CCEEFF;width:1.06%" valign="bottom"> </td></tr> </table>

</us-gaap:ScheduleOfDebtTableTextBlock>

<us-gaap:NotesPayableCurrent contextRef="E21Q1_DebtInstr-JohnsonFinancing" decimals="INF" unitRef="USD"> 86615 </us-gaap:NotesPayableCurrent>

<us-gaap:NotesPayableCurrent contextRef="E21_DebtInstr-VariousIndividuals" decimals="INF" unitRef="USD"> 99000 </us-gaap:NotesPayableCurrent>

<us-gaap:NotesPayableCurrent contextRef="E21Q1_DebtInstr-VariousIndividuals" decimals="INF" unitRef="USD"> 169000 </us-gaap:NotesPayableCurrent>

<us-gaap:NotesPayableCurrent contextRef="E21_DebtInstr-AsherEnterprisesInc" decimals="INF" unitRef="USD"> 65000 </us-gaap:NotesPayableCurrent>

<us-gaap:NotesPayableCurrent contextRef="E21Q1_DebtInstr-AsherEnterprisesInc" decimals="INF" unitRef="USD"> 65000 </us-gaap:NotesPayableCurrent>

<us-gaap:NotesPayableCurrent contextRef="E21" decimals="INF" unitRef="USD"> 164000 </us-gaap:NotesPayableCurrent>

<us-gaap:NotesPayableCurrent contextRef="E21Q1" decimals="INF" unitRef="USD"> 320615 </us-gaap:NotesPayableCurrent>

<us-gaap:LongTermNotesPayable contextRef="E21" decimals="128" unitRef="USD"> 0 </us-gaap:LongTermNotesPayable>

<us-gaap:LongTermNotesPayable contextRef="E21Q1" decimals="128" unitRef="USD"> 0 </us-gaap:LongTermNotesPayable>

<us-gaap:NotesPayable contextRef="E21" decimals="INF" unitRef="USD"> 164000 </us-gaap:NotesPayable>

<us-gaap:NotesPayable contextRef="E21Q1" decimals="INF" unitRef="USD"> 320615 </us-gaap:NotesPayable>

<us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock contextRef="D210401_211231">

<table style="border-collapse:collapse;width:100%"><tr><td style="width:79.9%" valign="bottom">Fiscal Year </td><td style="width:4.34%" valign="bottom"> </td><td style="width:15.76%" valign="bottom">Amount </td></tr> <tr><td style="background-color:#CCEEFF;width:79.9%" valign="bottom">March 31, 2022 </td><td style="background-color:#CCEEFF;width:4.34%" valign="bottom">$ </td><td style="background-color:#CCEEFF;width:15.76%" valign="bottom">164,000 </td></tr> <tr><td style="width:79.9%" valign="bottom">March 31, 2023 </td><td style="width:4.34%" valign="bottom">$ </td><td style="width:15.76%;border-bottom:0.5pt solid #000000" valign="bottom">- </td></tr> <tr><td style="background-color:#CCEEFF;width:79.9%" valign="bottom"> </td><td style="background-color:#CCEEFF;width:4.34%" valign="bottom"> </td><td style="background-color:#CCEEFF;width:15.76%;border-top:0.5pt solid #000000" valign="bottom"> </td></tr> <tr><td style="width:79.9%" valign="bottom">Total </td><td style="width:4.34%" valign="bottom">$ </td><td style="width:15.76%;border-bottom:3px double #000000" valign="bottom">164,000 </td></tr> </table>

</us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock>

<us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo contextRef="E21" decimals="INF" unitRef="USD"> 164000 </us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo>

<us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree contextRef="E21" decimals="128" unitRef="USD"> 0 </us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree>

<us-gaap:NotesPayable contextRef="E21" decimals="INF" unitRef="USD"> 164000 </us-gaap:NotesPayable>

<us-gaap:StockholdersEquityNoteDisclosureTextBlock contextRef="D210401_211231">

Note 4 – EQUITY During the Quarter ended: June 30, 2021 No equity transactions occurred in the period ended June 30, 2021 During the Quarter ended: September 30, 2021 No equity transactions occurred in the period ended September 30, 2021 During the Quarter ended: December 31, 2021 No equity transactions occurred in the period ended December 31, 2021

</us-gaap:StockholdersEquityNoteDisclosureTextBlock>

<us-gaap:SubstantialDoubtAboutGoingConcernTextBlock contextRef="D210401_211231">

Note 5 – GOING CONCERN The Company generated minimal revenues prior to the current fiscal year. No revenues were generated for the nine month period ended December 31, 2021. This level of revenues is not sufficient for the Company to meet its future obligations. This factor raises substantial doubt about the Company’s ability to continue as a going concern. The Company recently settled the Dutro litigation and reviewing options for future business operations. The litigation and a lack of net cash flow has hindered the operation of the Company and has set back the ability to raise capital and develop ongoing business in order to continue forward as a going concern. It is expected that limitation will continue to hinder the ability to continue as a going concern through the end of the fiscal year ended March 31, 2022 and beyond.

</us-gaap:SubstantialDoubtAboutGoingConcernTextBlock>

<us-gaap:IncomeTaxDisclosureTextBlock contextRef="D210401_211231">

Note 6 - INCOME TAX Income taxes are accounted for using the asset and liability method. Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The Company’s financial statements for the six month period ended September 30, 2021 and 2020 do not include any provision for income taxes. No income tax accrual has been recorded based on the expectation that the Company will be in a net loss position for the overall applicable fiscal year. Accordingly, deferred tax assets have been entirely offset by valuation allowances. The difference between the amounts of income tax benefit that would result from applying domestic federal statutory income tax rates to the net loss and the net deferred tax assets is related to certain nondeductible expenses, state income taxes, and the change in the valuation allowance. The Financial Accounting Standards Board ("FASB") has issued ASC 740 for Accounting for Income Taxes that clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements. ASC 740 requires a company to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position. If the more-likely-than-not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements. As a result of the implementation of ASC 740, the Company performed a review of its material tax positions in accordance with recognition and measurement standards established by ASC 740. The Company had no unrecognized tax benefit which would affect the effective tax rate if recognized. The Company includes interest and penalties arising from the underpayment of income taxes in the consolidated statements of operations in the provision for income taxes. As of December 31, 2021 the Company had no accrued interest or penalties related to uncertain tax positions. The Company files income tax returns in the U.S. federal jurisdiction and in the states of Delaware and any other jurisdiction where required. With few exceptions, the Company is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2017.

</us-gaap:IncomeTaxDisclosureTextBlock>

<us-gaap:IncomeTaxPolicyTextBlock contextRef="D210401_211231">

Income taxes are accounted for using the asset and liability method. Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The Company’s financial statements for the six month period ended September 30, 2021 and 2020 do not include any provision for income taxes. No income tax accrual has been recorded based on the expectation that the Company will be in a net loss position for the overall applicable fiscal year. Accordingly, deferred tax assets have been entirely offset by valuation allowances. The difference between the amounts of income tax benefit that would result from applying domestic federal statutory income tax rates to the net loss and the net deferred tax assets is related to certain nondeductible expenses, state income taxes, and the change in the valuation allowance. The Financial Accounting Standards Board ("FASB") has issued ASC 740 for Accounting for Income Taxes that clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements. ASC 740 requires a company to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position. If the more-likely-than-not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements. As a result of the implementation of ASC 740, the Company performed a review of its material tax positions in accordance with recognition and measurement standards established by ASC 740. The Company had no unrecognized tax benefit which would affect the effective tax rate if recognized. The Company includes interest and penalties arising from the underpayment of income taxes in the consolidated statements of operations in the provision for income taxes. As of December 31, 2021 the Company had no accrued interest or penalties related to uncertain tax positions. The Company files income tax returns in the U.S. federal jurisdiction and in the states of Delaware and any other jurisdiction where required. With few exceptions, the Company is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2017.

</us-gaap:IncomeTaxPolicyTextBlock>

<us-gaap:InterestAndOtherIncomeTextBlock contextRef="D210401_211231">

Note 7 – OTHER INCOME On October 21, 2020, Sector 10 and the Dutro/Reality defendants have settled an 11 year legal conflict over disputed technology migration. Each side is responsible for their own legal expenditures and owing each other nothing including all parties . Based on this ruling, the Company recognized other income in the fiscal year ended March 31, 2021 due to the initial release of various debt and other liabilities associated with the settlement. In the period ended September 30, 2021, an additional review of the Dutro settlement impact was conducted and additional debts and liabilities were identified that should be released due to the terms of the settlement. The total breakdown of the components of the Gain on the Extinguishment of Debt is as follows: . <table style="border-collapse:collapse;width:100%"><tr><td style="width:81.48%" valign="bottom">Extinguishment of Debt </td><td style="width:18.52%" valign="bottom"> </td></tr> <tr><td style="background-color:#CCEEFF;width:81.48%" valign="bottom">Extinguishment of Debt recognized in period ended 9/30/2021 </td><td style="background-color:#CCEEFF;width:18.52%" valign="bottom"> $ 576,426 </td></tr> <tr><td style="width:81.48%" valign="bottom">Extinguishment of Debt recognized in fiscal year ended 3/31/2021 </td><td style="width:18.52%" valign="bottom"> 2,115,532 </td></tr> <tr><td style="background-color:#CCEEFF;width:81.48%" valign="bottom"> </td><td style="background-color:#CCEEFF;width:18.52%" valign="bottom"> </td></tr> <tr><td style="width:81.48%" valign="bottom">Total Extinguishment of Debt Recognized </td><td style="width:18.52%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"> $ 2,691,958 </td></tr> </table>

</us-gaap:InterestAndOtherIncomeTextBlock>

<us-gaap:ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock contextRef="D210401_211231">

<table style="border-collapse:collapse;width:100%"><tr><td style="width:81.48%" valign="bottom">Extinguishment of Debt </td><td style="width:18.52%" valign="bottom"> </td></tr> <tr><td style="background-color:#CCEEFF;width:81.48%" valign="bottom">Extinguishment of Debt recognized in period ended 9/30/2021 </td><td style="background-color:#CCEEFF;width:18.52%" valign="bottom"> $ 576,426 </td></tr> <tr><td style="width:81.48%" valign="bottom">Extinguishment of Debt recognized in fiscal year ended 3/31/2021 </td><td style="width:18.52%" valign="bottom"> 2,115,532 </td></tr> <tr><td style="background-color:#CCEEFF;width:81.48%" valign="bottom"> </td><td style="background-color:#CCEEFF;width:18.52%" valign="bottom"> </td></tr> <tr><td style="width:81.48%" valign="bottom">Total Extinguishment of Debt Recognized </td><td style="width:18.52%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"> $ 2,691,958 </td></tr> </table>

</us-gaap:ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock>

<us-gaap:OtherNonoperatingIncomeExpense contextRef="D210401_211231" decimals="INF" unitRef="USD"> 576426 </us-gaap:OtherNonoperatingIncomeExpense>

<us-gaap:OtherNonoperatingIncomeExpense contextRef="D200401_210331" decimals="INF" unitRef="USD"> 2115532 </us-gaap:OtherNonoperatingIncomeExpense>

<us-gaap:ExtinguishmentOfDebtAmount contextRef="D210401_211231" decimals="INF" unitRef="USD"> 2691958 </us-gaap:ExtinguishmentOfDebtAmount>

<us-gaap:SubsequentEventsTextBlock contextRef="D210401_211231">

Note 8 – SUBSEQUENT EVENTS The Company has evaluated subsequent events per the requirements of ASC Topic 855 and has determined that the following events should be disclosed. <kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">1)</kbd>Since the settlement of the litigation, the Company is reviewing various options to determine the future strategy of the Company operations. No restructuring plan has been finalized as of the filing date of this report. <kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">2)</kbd>The issues surrounding the prior litigation impacted the Company’s ability to obtain funding needed to operate the Company.

</us-gaap:SubsequentEventsTextBlock>

</xbrl>

↑Top

Filing Submission 0001096906-22-000304 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

SECTOR 10, Inc. – ‘10-Q’ for 12/31/21 – ‘XML’

On: Friday, 2/11/22, at 4:38pm ET · For: 12/31/21 · Accession #: 1096906-22-304 · File #: 0-24370

Previous ‘10-Q’: ‘10-Q’ on 11/15/21 for 9/30/21 · Next: ‘10-Q’ on 8/15/22 for 6/30/22 · Latest: ‘10-Q’ on 1/17/24 for 12/31/23

Quarterly Report — Form 10-QFiling Table of Contents

‘XML’ — XBRL Instance — seci-20211231_htm

This Document is an XBRL XML File.

Quarterly Report — Form 10-Q

Filing Table of Contents