NOTE 5 – OPERATING LEASE

On February 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842). The ASU introduces a new leasing model for both lessees and lessors. Topic 842 provides guidance in how to identify whether a lease arrangement exists. Management has evaluated its leasing arrangement and has classified it as operating lease.

Operating Lease Obligations

On March 16, 2020, the Company entered into a land lease for property located in the unincorporated area Pearblossom, County of Los Angeles, State of California.in agreement with Sella Property, LLC. Sella Property, LLC is a company controlled by the majority shareholder of the Company. The lease calls for rent payments of $30,000 in annual installments due on the 16th day of March each year. The lease begins March 16, 2020 and matures March 16, 2025.

Lease obligations at March 31, 2026 consisted of the following:

Right to Use Asset – USD $0

Right to Use Liability – USD $0

The following Cost related to the lease of the Company for the year ended March 31, 2026

Lease Depreciation -USD $0

Lease Interest -USD $0

Total Lease Cost -USD $0