v3.26.1
RELATED PARTY TRANSACTIONS
12 Months Ended
Mar. 31, 2026
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

5. RELATED PARTY TRANSACTIONS

 

DUE TO RELATED PARTIES

 

For the fiscal year ended March 31, 2026 we accrued unpaid fees of $68,250 owed to our non-employee directors.

 

We paid out accrued vacation totaling approximately $169,596 during the fiscal year ended March 31, 2026 as a result of a Company-wide change to our vacation policy. In addition, we paid approximately $346,286 in cash severance and COBRA payments pursuant to executive employment agreements for two former executives, payable in monthly installments over 12-month periods commencing July 1, 2024 and October 15, 2024, respectively

 

Amounts due to related parties were comprised of the following items:

        
   March 31, 2026   March 31, 2025 
Accrued Board fees  $68,250   $68,250 
Accrued vacation to all employees       165,029 
Accrued separation expenses       346,286 
Total due to related parties  $68,250   $579,565