NOTE 9 – CONVERTIBLE NOTES PAYABLE

As of March 31, 2026 and March 31, 2025, the total principal balance of the convertible notes payable was $1,501,000 and $1,365,500, respectively.

The terms of the convertible notes are summarized as follows:

During the year ended March 31, 2026 and 2025, debt premium of $54,200 and $265,000 was recognized as a loss on convertible note and charged to interest expense.

During the year ended March 31, 2026 and 2025, interest expense of $131,812 (including $54,200 loss on convertible notes charged to interest expense as described above) and $316,123 (including $265,000 loss on convertible notes charged to interest expense as described above) was incurred on convertible notes, respectively. As of March 31, 2026 and March 31, 2025, accrued interest payable on convertible notes was $159,845 and $82,233, respectively.