5.
Leases
The
Company has an operating lease for its office space. As of June 30, 2026 and March 31, 2026, the following amounts were recorded in the
Consolidated Balance Sheets relating to the Company’s operating lease.
Schedule
of Consolidated Balance Sheets Related to Operating Lease
| | |
June 30, | | |
March 31, | |
| | |
2026 | | |
2026 | |
| Right-of-Use Assets | |
| | | |
| | |
| Operating lease assets | |
$ | 5 | | |
$ | 10 | |
| Lease Liabilities | |
| | | |
| | |
| Operating lease liabilities - Current | |
$ | 5 | | |
$ | 10 | |
| Operating lease liabilities - Non-current | |
$ | — | | |
$ | — | |
The
following table summarizes the contractual maturities of operating lease liabilities as of June 30, 2026:
Schedule of Maturities of Operating Lease Liabilities
| Fiscal year ending March 31, | |
| | |
| 2027 (remaining) | |
$ | 5 | |
| Total lease payments | |
| 5 | |
| Less amounts representing interest | |
| - | |
| Present value of lease payments | |
| 5 | |
| Less: current portion | |
| (5 | ) |
| Non-current lease liabilities | |
$ | — | |
The
following table illustrates information for the Company’s operating lease as of and for the three months ended June 30, 2026 and
the fiscal year ended March 31, 2026:
Schedule of Operating Lease Information
| | |
June 30, | | |
March 31, | |
| | |
2026 | | |
2026 | |
| Total operating lease cost | |
$ | 5 | | |
$ | 20 | |
| Cash paid for amounts included in the measurement of the operating lease liability | |
$ | 5 | | |
$ | 20 | |
| Weighted average remaining lease term (years) | |
| 0.3 | | |
| 0.5 | |
| Weighted average discount rate | |
| 1.72 | % | |
| 1.72 | % |
The
Company did not have significant sublease income or variable lease cost for the three months ended June 30, 2026 and the fiscal years
ended March 31, 2026.
|