The Company was incorporated in the State of Nevada under the name "UA Granite Corporation" on February 14, 2013. Our Articles of Incorporation initially authorized us to issue up to 75,000,000 shares of common stock, par value $0.00001 per share. Subsequent to our fiscal year ended March 31, 2018, on April 30, 2018, upon approval by our Board of Directors and majority stockholders on April 27, 2018, we filed Amended and Restated Articles of Incorporation with the Nevada Secretary of State, with a delayed effective date of May 15, 2018, increasing the number of authorized shares of common stock from 75,000,000 shares to 200,000,000 shares. In connection with the amendment and restatement of our Articles of Incorporation, our Board of Directors and majority stockholders also approved and adopted the Amended and Restated Bylaws of the Company on April 27, 2018. Effective May 31, 2018, pursuant to our Amended and Restated Articles of Incorporation and upon completion of processing by the Financial Industry Regulatory Authority ("FINRA"), we changed the name of our Company from "UA Granite Corporation" to "Vortex Blockchain Technologies Inc." in anticipation of a change of our business plan and direction. Also effective May 31, 2018, upon approval by our Board of Directors and majority stockholders and upon completion of processing by FINRA, we effected a 15-for-1 forward stock split of all our issued and outstanding common stock, which increased the number of issued and outstanding shares of common stock from 1,400,000 to 21,000,000. Since inception, the Company has not been involved in any bankruptcy, receivership or similar proceedings, and there have been no material reclassifications, mergers, consolidations, or purchases or sales of a significant amount of assets outside the ordinary course of business by the Company.
We are a development-stage company with no revenues and no assets. As a result, we have incurred losses since inception. Our limited start-up operations have consisted of the formation of our Company, development of our business plan, and efforts to raise capital. We originally intended to operate in the business of marketing and distributing finished granite products, but have since discontinued our efforts related to granite products due to economic and political difficulties. We are now in the process of seeking out other business opportunities and pursuing additional financing in order to maintain operations while we evaluate potential business opportunities.
To date, we have been unable to raise sufficient funds to implement our business plan and operations, and we do not believe that we currently have sufficient resources to do so without additional funding. As a result of the current difficult economic environment and our lack of funding to implement our business plan, our Board of Directors has begun analyzing strategic alternatives available to our Company to continue as a going concern. Such strategic alternatives include raising additional debt or equity financing, or consummating a merger or acquisition transaction with a partner that may involve a change in our business plan, such as a merger, acquisition, share exchange, asset purchase, or similar transaction in which our present management will no longer be in control of our Company and our business operations will be replaced by that of our transaction partner. We believe we would be an attractive candidate for such a business combination due to the perceived benefits of being a publicly registered company, thereby providing a transaction partner access to the public marketplace to raise capital.