LEASES

12 Months Ended

Mar. 31, 2026

NOTE 8 – LEASES

Effective on January 1, 2021, the Company adopted Topic 842. At the inception of a contract, the Company determines if the arrangement is, or contains, a lease. ROU assets represent the Company’s right to use an underlying asset over the lease term and lease liability represent the Company’s obligation to make lease payments derived from the lease.

Operating lease ROU asset and liability are recognized at commencement date based on the present value of lease payments over the lease terms. Rent expense is recognized on a straight-line basis over the lease terms.

The Company leases warehouse and office space in Dallas, Texas under an operating lease. During the fiscal year ended March 31, 2026, management reassessed the lease term and recognized the additional two-year period from October 2025 through September 2027 as a lease modification. The Company also leased a residential apartment in Long Island City, New York under a one-year lease that expired in August 2025.

Balance sheet information related to operating leases right-of-use assets and lease liabilities is as follows:

(a)	Amount recognized in the consolidated balance sheet:

As of

March 31,

As of

March 31,

2026

2025

Operating lease right-of-use assets, net

234,796

101,588

	As of March 31,		As of March 31,
	2026		2025
Operating lease liabilities, current	$	155,450	$	101,588
Operating lease liabilities, non-current		82,194		-
Total operating lease liabilities		237,644		101,588

(b)	The weighted-average remaining lease term and discount rate as of March 31, 2026 and 2025 were as follows:

	As of March 31,			As of March 31,
	2026			2025
Remaining lease term and discount rate:
Weighted average remaining lease term (years)		1.50			0.46
Weighted average discount rate		7.5	%		7.5	%

Maturity analysis of operating lease liabilities as of March 31, 2026 is as follows:

Operating lease payment	As of March 31, 2026
Within one year		168,002
One to three years		84,001
Total future minimum lease payments	$	252,003
Less: imputed interest		(14,359	)
Total		237,644

Operating lease cost was $190,106 for the year ended March 31, 2026. Cash paid for operating leases was $190,106, and the Company recognized $313,062 of right-of-use assets and lease liabilities arising from the lease modification during the fiscal year ended March 31, 2026.