v3.22.2.2
Shareholders’ Equity
 6 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Shareholders’ Equity

Note 9 Shareholders’ Equity

 

Common Stock - The Company is authorized to issue 1,500,000,000 shares of common stock, par value $0.001 per share. All shares of the Company’s common stock have equal rights and privileges with respect to voting, liquidation, and dividend rights. Each share of common stock entitles the holder thereof to:

 

  a. One non-cumulative vote for each share held of record on all matters submitted to a vote of the stockholders;
  b. To participate equally and to receive all such dividends as may be declared by the Board of Directors out of funds legally available; therefore, and
  c. To participate pro rata in any distribution of assets available for distribution upon liquidation.

 

Stockholders have no pre-emptive rights to acquire additional shares of common stock or any other securities. Common shares are not subject to redemption and carry no subscription or conversion rights.

 

Preferred Stock - On April 6, 2021, the Company increased its authorized shares of “blank check” preferred stock from 10,000,000 to 150,000,000 shares, which may be issued from time to time in one or more series and/or classes. No shares of preferred stock have been issued or are outstanding as of September 30, 2022.

 

The Company has not declared or paid any dividends or returned any capital to common stock shareholders as of September 30, 2022, and 2021.