SUBSEQUENT EVENTS	12 Months Ended
Mar. 31, 2025
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE B – SUBSEQUENT EVENTS On October 31, 2024, the Company entered into an Asset Purchase Agreement (Agreement) with Feit Electric Company, Inc. (Feit) pursuant to which Feit agreed to acquire a portion of the Company’s business and the intangible assets of the Company for approximately $4,955,000. Under the terms of the Asset Purchase Agreement, the Company sold finished good inventories of $1,655,000, and all of the Company’s fully amortized intangible assets including, but not limited to, all of the Company’s patents, trademarks, copyrights, and the trade name Universal Security Instruments, Inc. and USI Electric, Inc. The sale and charter amendment is subject to approval by the Company’s shareholders and was approved by the requisite vote at a special meeting of the Shareholders held on April 15, 2025. Accordingly, on May 22, 2025, the Company closed on the sale of the assets subject to the Asset Purchase Agreement and changed the name of the Company to Universal Safety Products, Inc. Further, the plan for a subsequent complete liquidation of the Company was not approved by the requisite vote of the stockholders of the Company, and accordingly, the Company is continuing in operation engaged in the sale of products other than smoke and carbon monoxide alarms, and continues to seek a strategic business combination to drive long-term value for our shareholders. The importation of certain wiring devices, carbon-monoxide alarms, and photo-electric alarms are currently subject to tariffs of 25%, and subsequent to March 31, 2025 tariffs on these products increased to 55%. The imposition of and modification of tariffs during the latter half of the current fiscal year ended March 31, 2025, and subsequent thereto, has increased uncertainty as to the short-term sustainability of importing products from our principal suppliers. If the Company is unable to import products at a competitive price point our sales could be adversely affected. The impact to the Company’s current and deferred income tax position that may be effected by changes to the Internal Revenue Code resulting from passage of the One Big Beautiful Bill Act, subsequent to the Company’s fiscal year ended March 31, 2025, has not been evaluated.

SUBSEQUENT EVENTS

12 Months Ended

Mar. 31, 2025

NOTE B – SUBSEQUENT EVENTS

On October 31, 2024, the Company entered into an Asset Purchase Agreement (Agreement) with Feit Electric Company, Inc. (Feit) pursuant to which Feit agreed to acquire a portion of the Company’s business and the intangible assets of the Company for approximately $4,955,000. Under the terms of the Asset Purchase Agreement, the Company sold finished good inventories of $1,655,000, and all of the Company’s fully amortized intangible assets including, but not limited to, all of the Company’s patents, trademarks, copyrights, and the trade name Universal Security Instruments, Inc. and USI Electric, Inc. The sale and charter amendment is subject to approval by the Company’s shareholders and was approved by the requisite vote at a special meeting of the Shareholders held on April 15, 2025. Accordingly, on May 22, 2025, the Company closed on the sale of the assets subject to the Asset Purchase Agreement and changed the name of the Company to Universal Safety Products, Inc. Further, the plan for a subsequent complete liquidation of the Company was not approved by the requisite vote of the stockholders of the Company, and accordingly, the Company is continuing in operation engaged in the sale of products other than smoke and carbon monoxide alarms, and continues to seek a strategic business combination to drive long-term value for our shareholders.

The importation of certain wiring devices, carbon-monoxide alarms, and photo-electric alarms are currently subject to tariffs of 25%, and subsequent to March 31, 2025 tariffs on these products increased to 55%. The imposition of and modification of tariffs during the latter half of the current fiscal year ended March 31, 2025, and subsequent thereto, has increased uncertainty as to the short-term sustainability of importing products from our principal suppliers. If the Company is unable to import products at a competitive price point our sales could be adversely affected.

The impact to the Company’s current and deferred income tax position that may be effected by changes to the Internal Revenue Code resulting from passage of the One Big Beautiful Bill Act, subsequent to the Company’s fiscal year ended March 31, 2025, has not been evaluated.