SUBSEQUENT EVENTS |
12 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | NOTE 16 – SUBSEQUENT EVENTS
On April 7, 2026, the Company received $ proceeds from the March 31, 2026 subscription receivable, in connection with the sale of shares of common stock issued at $ per share recorded against a subscription receivable and common stock to be issued on March 31, 2026.
In April 2026, the Company issued an aggregate of shares of common stock to an employee and board members with a fair value on the date of grant of $, recorded as stock compensation expense.
In April 2026, the Company issued shares of common stock, with a fair value of $125,000 to settle $125,000 of accrued dividends on Series B Preferred Stock.
In May 2026, the Company issued an aggregate of shares of common stock to employees for performance bonuses with a fair value of $253,500 recognized as compensation expense on the date of issuance.
In May 2026, the Company issued shares of common stock to an employee pursuant to an employment agreement as compensation with a fair value of $19,975 recognized as compensation expense on the date of issuance.
On June 8, 2026, the Company signed a private placement subscription agreement with one investor for a total of shares of common stock with a fair value of $ per share for total proceeds of $1,500,000 recorded as a subscription receivable and common stock to be issued. Total proceeds received against the subscription receivable at June 29, 2026 totaled $150,000 for shares of common stock. These shares have not been issued yet by the stock transfer agent, as of June 29, 2026.
In June 2026, the Company issued shares of common stock to an employee pursuant to an employment agreement as compensation with a fair value of $7,000 recognized as compensation expense on the date of issuance.
In June 2026, the Company issued shares of common stock to a service provider pursuant to a consulting agreement. The shares had a fair value of $160,000, which will be recognized as advertising and promotion expense on a straight-line basis over the three-month agreement term from June 15, 2026 through September 15, 2026.
On June 22, 2026, the Company entered into a promissory note totaling $150,000. The note accrues interest at a rate of 6% per annum, has a maturity date of June 22, 2027 and has no conversion terms.
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