v3.26.1
Intangible Assets
12 Months Ended
Mar. 31, 2026
Intangible Assets [Abstract]  
INTANGIBLE ASSETS

NOTE 5 — INTANGIBLE ASSETS

 

During the year ended March 31, 2026, the Company abandoned its legacy website in connection with its transition to a new business model and the development of a replacement website. As the legacy website was no longer expected to provide future economic benefit, the remaining carrying value of the asset was derecognized and a loss on disposal of intangible assets of $2,550 was recognized in the accompanying statement of operations.

 

Intangible assets and related accumulated amortization are summarized in the table below:

 

    March 31,  
    2026     2025  
Website   $ 2,357     $ 7,066  
Less: accumulated amortization     (400 )     (2,158 )
Website, net   $ 1,957     $ 4,908  

 

    Website  
Carrying value at March 31, 2024   $ 1,914  
Add: Additions     5,116  
Less: Amortization     (2,122 )
Less: Impairments     -  
Carrying value at March 31, 2025     4,908  
Add: Additions     2,357  
Less: Amortization     (2,758 )
Less: Impairments     (2,550 )
Carrying value at March 31, 2026   $ 1,957  

 

Amortization expense was $2,758 and $2,122 for the year ended March 31, 2026 and 2025, respectively.

 

Estimated future amortization expense for intangible assets is as follows.

 

Fiscal year      
2027   $ 786  
2028     786  
2029     385  
Total   $ 1,957