v3.26.1
CONVERTIBLE NOTE RECEIVABLE
12 Months Ended
Mar. 31, 2026
CONVERTIBLE NOTE RECEIVABLE  
CONVERTIBLE NOTE RECEIVABLE

NOTE 7 – CONVERTIBLE NOTE RECEIVABLE

 

On March 14, 2024, the Company signed an agreement with an unaffiliated company for a convertible loan receivable amount of $5,000. The loan bears interest at 8% per annum and has a two-month term. The Company may convert the outstanding amount of the loan, including accrued interest, into shares of the unaffiliated company at a valuation of $500,000 minus any outstanding debt at the time of conversion. As of March 31, 2026 and March 31, 2025, the total loan receivable was $5,000 and $5,000, respectively. As of December 31, 2025 and March 31, 2025, the loan interest receivable was $819 and $419, respectively.

 

On February 11, 2025, the Company signed an agreement with an unaffiliated company for a convertible loan receivable amount of $30,917. The loan bears interest at 8% per annum and expires on December 1, 2027. The Company may convert the outstanding amount of the loan, including accrued interest, into shares of the unaffiliated company at a valuation of GBP3,000,000 minus any outstanding debt at the time of the conversion. On February 21, 2025, $30,917 of the loan was fully repaid. As of March 31, 2026 and March 31, 2025, the loan interest receivable was $68 and $68, respectively.

 

On July 1, 2025, the Company signed an agreement with an unaffiliated company for a convertible loan receivable amount up to of $10,000. The loan bears interest at 8% per annum and expires on December 1, 2026. The Company may convert the outstanding amount of the loan, including accrued interest, into shares of the unaffiliated company based on a pre-agreed valuation methodology adjusted for any outstanding debt at the time of the conversion. As of December 31, 2025 and March 31, 2025, the loan receivable was $1,679 and $0, respectively. As of March 31, 2026 and March 31, 2025, the loan interest receivable was $84 and $0, respectively.

 

As of March 31, 2026 and March 31, 2025, the total convertible loan receivable was $6,679 and $5,000, respectively. As of March 31, 2026 and March 31, 2025, the loan interest receivable was $970 and $486, respectively.