Advances – Related Parties |
12 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Advances – Related Parties [Abstract] | |
| ADVANCES – RELATED PARTIES | NOTE 6 — ADVANCES – RELATED PARTIES
During the year ended March 31, 2026 and 2025, the Company received advances of $100,384 and $170,505, respectively, and made repayments of $9,983 and $0, respectively, to the Company’s Chief Executive Officer (See Note 11).
On May 29, 2024, the Company issued 3,000,000 shares of common stock to the Chief Executive Officer in exchange for $300,000, or $0.10 per share, as follows: (i) a $100,000 reduction of the advances payable to the officer; and (ii) a subscription receivable of $200,000. On December 31, 2024, the outstanding $200,000 subscription receivable from the officer was satisfied as follows: (i) a $100,000 reduction of the advances payable to the officer; and (ii) compensation expense of $100,000 to the officer for the calendar year ended December 31, 2024 (See Note 8).
During the year ended March 31, 2026 and 2025, the Company received advances of $5,000 and $0, respectively, and made repayments of $0 to a director of the Company (See Note 11).
The advances are unsecured, non-interest bearing and due on demand and, therefore, no interest expense has been recognized or is due. As of March 31, 2026 and 2025, the balance due to the related parties was $174,949 and $79,548, respectively, all of which is included in current liabilities (See Note 11). |