PROMISSORY NOTE RECEIVABLE |
12 Months Ended |
|---|---|
Mar. 31, 2026 | |
| PROMISSORY NOTE RECEIVABLE | |
| PROMISSORY NOTE RECEIVABLE | NOTE 6 – PROMISSORY NOTE RECEIVABLE
On March 20, 2023, the Company signed an agreement with an unaffiliated company for a loan receivable amount of up to $15,000. The loan bears interest at 8% per annum and has a six-month term. During the year ended March 31, 2024, the Company issued $5,000 in loan receivable to the unaffiliate. As of March 31, 2026 and March 31, 2025, the loan receivable was $11,000 and $11,000, respectively. As of March 31, 2026 and March 31, 2025, the loan interest receivable was $2,606 and $1,726, respectively.
On June 1, 2023, the Company signed an agreement with an unaffiliated company for a loan receivable. The loan bears interest at 8% per annum and has a six-month term. During the year ended March 31, 2024, the Company issued $6,554 in loan receivable to the unaffiliate and made $3,100 repayment. During the year ended March 31, 2025, the Company issued $12,056 in loan receivable. As of March 31, 2026 and March 31, 2025, the loan receivable was $15,510 and $15,510, respectively. As of March 31, 2026 and. March 31, 2025, the loan interest receivable was $2,184 and $944, respectively.
On September 14, 2023, the Company signed an agreement with an unaffiliated company for a loan receivable amount of up to $20,000. The loan bears interest at 8% per annum and has a six-month term. During the year ended March 31, 2024, the Company issued $20,000 in loan receivable to the unaffiliate. During the year ended March 31, 2026, the Company issued further 6,400 in loan receivable to the unaffiliate. As of March 31, 2026 and March 31, 2025, the loan receivable was $26,400 and $20,000, respectively. As of March 31, 2026 and March 31, 2025, the loan interest receivable was $4,074 and $2,472, respectively.
On November 30, 2023, the Company signed an agreement with an unaffiliated company for a loan receivable amount of up to $9,500. The loan is non-interest bearing and has a six-month term. During the year ended March 31, 2024, the Company issued $9,500 in loan receivable to the unaffiliate. As of March 31, 2026 and March 31, 2025, the loan receivable was $9,500 and $9,500, respectively.
As of March 31, 2026 and March 31, 2025, the total promissory loan receivable was $62,410 and $56,010 respectively. As of March 31, 2026 and March 31, 2025, total loan interest receivable was $9,017 and $5,628, respectively. |