v3.26.1
Stockholders’ Deficit
12 Months Ended
Mar. 31, 2026
Stockholders’ Deficit [Abstract]  
STOCKHOLDERS’ DEFICIT

NOTE 8 — STOCKHOLDERS’ DEFICIT

 

Common Stock

 

During the year ended March 31, 2025, the Company received subscription receivable proceeds of $500 that originated in the prior fiscal year.

 

On May 29, 2024, the Company issued 3,000,000 shares of common stock to its 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 6).

 

On May 31, 2024, the Company approved the return of 3,000,000 shares of common stock from a significant stockholder.

 

During the year ended March 31, 2025, the Company sold an aggregate of 160,000 shares of common stock for an aggregate amount of $16,000, or $0.10 per share. As of March 31, 2025, net proceeds of $15,500 were received and a subscription receivable of $500 was outstanding.

 

During the year ended March 31, 2026, the Company sold an aggregate of 1,085,000 shares of common stock for total proceeds of $108,500, or $0.10 per share. Of these shares, 1,000,000 were sold to an entity owned by the father of the Company's Chief Executive Officer for proceeds of $100,000, which constituted a related-party transaction. As of March 31, 2026, all proceeds totaling $108,500 had been received.

 

During the year ended March 31, 2026, the Company issued an aggregate of 20,000 shares of common stock, having an aggregate fair value of $2,000, or $0.10 per share based on the recent sales price of common shares, for services rendered.