10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2021

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

For the transition period from: _____________ to _____________

KYTO TECHNOLOGY AND LIFE SCIENCE, INC.

(Exact name of registrant as specified in its charter)

delaware	000-50390	65-1086538
(State or Other Jurisdiction	(Commission	(I.R.S. Employer
of Incorporation)	File Number)	Identification No.)

13050 Paloma Road, Los Altos Hills, CA 94022

(Address of Principal Executive Office) (Zip Code)

(650) 204 7896

(Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

Title of each class	Trading Symbol	Exchange
Common stock	KBPH	OTC QB

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒ Yes ☐ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (ss. 232.405 of this chapter) during the preceding 12 (or for such shorter period that the registrant was required to submit such files). ☒ Yes No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☒
Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). ☐ Yes ☒ No

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

13,287,621 Common Shares - $.01 Par Value - as of November 15, 2021

KYTO Technology and Life Science, Inc.

For the quarterly period ended September 30, 2021

INDEX

	PART I. FINANCIAL INFORMATION
Item 1.	Financial Statements	3
	Condensed Statements of Asset and Liabilities as of September 30, 2021 (Unaudited) and March 31, 2021	3
	Unaudited Condensed Statements of Operations for the Three Months and Six Months Ended September 30, 2021 and 2020	4
	Unaudited Condensed Statements of Changes in Net Assets for the Three Months and Six Months Ended September 30, 2021 and 2020	5
	Unaudited Condensed Statements of Cash Flows for the Six Months Ended September 30, 2021 and 2020	7
	Condensed Schedule of Investments as of September 30, 2021 (Unaudited) and March 31, 2021	9
	Notes to Unaudited Interim Condensed Financial Statements	14
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.	28
Item 3.	Quantitative and Qualitative Disclosures About Market Risk.	32
Item 4.	Controls and Procedures.	32
	PART II. OTHER INFORMATION
Item 1.	Legal Proceedings.	33
Item 1A.	Risk Factors.	33
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.	33
Item 3.	Defaults Upon Senior Securities.	33
Item 4.	Mine Safety Disclosures	33
Item 5.	Other Information	33
Item 6.	Exhibits	33
	Signatures	35

2

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

Kyto Technology and Life Science, Inc.

Condensed Statements of Assets and Liabilities

	September 30,			March 31,
	2021			2021
	(Unaudited)
ASSETS
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)	$	10,442,813		$	6,821,407
Cash		316,124			1,437,868
Other current assets		230,434			169,891
Total Assets	$	10,989,371		$	8,429,166
LIABILITIES
Liabilities
Accounts payable and accrued liabilities	$	84,477		$	193,141
Accrued liabilities - related parties		87,000			51,420
Common stock subscription liability		-			1,191,442
Total Liabilities		171,477			1,436,003
Commitments and Contingencies (Note 3)
Net Assets
Preferred stock authorized but not designated, $.01 par value 19,800,000 shares, none issued and outstanding as of September 30, 2021 and March 31, 2021, respectively		-			-
Series A (including Series A-1 and A-2) preferred convertible stock, $0.01 par value, 4,200,000 shares designated, 4,200,000 issued and outstanding as of September 30, 2021 and March 31, 2021, respectively, aggregate liquidation preference of $6,720,000 at September 30, 2021 and March 31, 2021, respectively		42,001			42,001
Series B (including Series B-1 and B-2) preferred convertible stock, $0.01 par value, 6,000,000 shares designated, 5,911,406 and 3,628,906 issued and outstanding as of September 30, 2021 and March 31, 2021, respectively, aggregate liquidation preference of $9,458,250 at September 30, 2021 and $5,806,250 at March 31, 2021, respectively		59,114			36,289
Common stock, $.01 par value, 40,000,000 shares authorized, 13,287,621 and 9,983,082 issued and outstanding as of September 30, 2021 and March 31 2021, respectively		132,876			99,831
Additional paid-in capital		42,878,748			39,772,228
Accumulated deficit		(32,294,845	)		(32,957,186	)
Total Net Assets		10,817,894			6,993,163
Total Liabilities and Net Assets	$	10,989,371		$	8,429,166

The accompanying notes are an integral part of these condensed interim financial statements.

3

Kyto Technology and Life Science, Inc.

Condensed Statements of Operations

(Unaudited)

	For the Three months ended September 30,						For the Six months ended September 30,
	2021			2020			2021			2020
INVESTMENT INCOME
Interest and other income	$	-		$	-		$	-		$	500
Total investment income		-			-			-			500
EXPENSES
Professional fees		107,201			63,605			273,359			76,543
Other operating expenses		245,519			96,506			466,027			122,936
Interest and non operating expenses		1,596			-			1,588			-
Total expenses		354,316			160,111			740,974			199,479
Net investment loss		(354,316	)		(160,111	)		(740,974	)		(198,979	)
Net change in unrealized gain from investments		1,350,449			478,248			1,403,315			478,248
Net increase in net assets resulting from operations	$	996,133		$	318,137		$	662,341		$	279,269
Basic earnings per Common Share,
Net increase in net assets resulting from operations per common share	$	0.08		$	0.05		$	0.05		$	0.05
Weighted average common shares outstanding		13,271,996			5,836,832			13,269,764			5,836,832
Fully-diluted earnings per Common Share,
Net increase in net assets resulting from operations per common share	$	0.04		$	0.02		$	0.03		$	0.02
Weighted average common shares outstanding		27,338,695			17,987,040			26,263,218			17,058,856

The accompanying notes are an integral part of these condensed interim financial statements.

4

Kyto Technology and Life Science, Inc.

Condensed Statements of Changes in Net Assets for the Three and Six months ended September 30, 2021

( Unaudited)

	Preferred A (Including Series A-1, A-2)		Preferred A Stock (Including Series A-1, A-2)		Preferred B (Including Series B-1, B-2)		Preferred B (Including Series B-1, B-2) Stock		Common		Common Stock		Additional Paid-in		Accumulated
	Shares		Amount		Shares		Amount		Shares		Amount		Capital		Deficit			Total
Three months ended September 30, 2021
Balance, June 30, 2021		4,200,000	$	42,001		4,320,156	$	43,202		13,268,871	$	132,689	$	41,610,332	$	(33,290,978	)	$	8,537,246
Net increase in net assets resulting from operations																996,133			996,133
Sale of Series B-1 Preferred stock at $0.80 per share						1,591,250		15,912						1,257,088					1,273,000
Exercise of stock options										18,750		187		431					618
Compensation expense from stock options														10,897					10,897
Balance, September 30, 2021		4,200,000	$	42,001		5,911,406	$	59,114		13,287,621	$	132,876	$	42,878,748	$	(32,294,845	)	$	10,817,894
Six months ended September 30, 2021
Balance, March 31, 2021		4,200,000	$	42,001		3,628,906	$	36,289		9,983,082	$	99,831	$	39,772,228	$	(32,957,186	)	$	6,993,163
Net increase in net assets resulting from operations																662,341			662,341
Sale of Series B-1 Preferred stock at $0.80 per share						2,282,500		22,825						1,803,176					1,826,001
Sale of common stock at $0.40 per share										3,285,789		32,858		1,281,459					1,314,317
Exerrcise of stock options										18,750		187		431					618
Compensation expense from stock options														21,454					21,454
Balance, September 30, 2021		4,200,000	$	42,001		5,911,406	$	59,114		13,287,621	$	132,876	$	42,878,748	$	(32,294,845	)	$	10,817,894

The accompanying notes are an integral part of these condensed interim financial statements.

5

Kyto Technology and Life Science, Inc.

Condensed Statements of Changes in Net Assets for the Three and Six months ended September 30, 2020

( Unaudited)

	Preferred A		Preferred A Stock		Preferred B		Preferred B Stock		Common		Common Stock		Additional Paid-in		Accumulated
	Shares		Amount		Shares		Amount		Shares		Amount		Capital		Deficit			Total
Three months ended September 30, 2020
Balance, June 30, 2020		42,000,000	$	42,001		1,281,250	$	12,188		5,836,832	$	58,368	$	36,315,354	$	(33,423,120	)	$	3,004,791
Net increase in net assets resulting from operations		-		-		-		-		-		-		-		318,137			318,137
Sale of Series B Preferred stock at $0.80 per share		-		-		1,056,250		11,187		-		-		883,813		-			895,000
Compensation expense from stock options		-		-		-		-		-		-		12,803		-			12,803
Balance, September 30, 2020		42,000,000	$	42,001		2,337,500	$	23,375		5,836,832	$	58,368	$	37,211,970	$	(33,104,983	)	$	4,230,731
Six months ended September 30, 2020
Balance, March 31, 2020		42,000,000	$	42,001		812,500	$	8,125		5,836,832	$	58,368	$	35,943,369	$	(33,384,252	)	$	2,667,611
Net increase in net assets resulting from operations		-		-		-		-		-		-		-		279,269			279,269
Sale of Series B Preferred stock at $0.80 per share		-		-		1,525,000		15,250		-		-		1,254,750		-			1,270,000
Compensation expense from stock options		-		-		-		-		-		-		13,851		-			13,851
Balance, September 30, 2020		42,000,000	$	42,001		2,337,500	$	23,375		5,836,832	$	58,368	$	37,211,970	$	(33,104,983	)	$	4,230,731

The accompanying notes are an integral part of these condensed interim financial statements.

6

Kyto Technology and Life Science, Inc.

Condensed Statements of Cash Flows

(Unaudited)

	Six months months ended September 30,
	2021			2020
Operating activities:
Net increase in net assets resulting from operations	$	662,341		$	279,269
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash used in operating activities
Net change in unrealized gain on investments		(1,403,315	)		(478,248	)
Stock option compensation expense		21,454			13,851
Change in operating assets and liabilities
Other current assets		(60,543	)		500
Accounts payable and accrued liabilities		(108,664	)		15,064
Accrued liabilities to related parties		35,580			-
Purchase of investments		(2,218,091	)		(740,000	)
Net cash used in operating activities		(3,071,238	)		(909,564	)
Cash flows from financing activities:
Sale of Common stock in connection with preference rights (see Note 6)		122,875			-
Sale of Common stock from exercise of options stock		618			-
Sale of Series B-1 Preferred stock		1,826,001			1,270,000
Receipt of SBA loan		-			1,000
Advances from related party		-			2,250
Net cash provided by financing activities		1,949,494			1,273,250
Net increase/(decrease) in cash		(1,121,744	)		363,686
Cash, beginning of period		1,437,868			33,756
Cash, end of period	$	316,124		$	397,442
Supplemental cash flow information
Interest paid	$	1,588		$	-
Taxes paid	$	800		$	800
Supplemental schedule of noncash financing activities:
Conversion of common stock subscription liability to common stock	$	1,191,442		$	-

The accompanying notes are an integral part of these condensed interim financial statements.

7

Kyto Technology and Life Science, Inc.

Condensed Schedule of Investments as of September 30, 2021

(Unaudited)

	Portfolio Company		Industry	Investment	Cost		Fair value		% of net assets (a)
Convertible loan investments
	Abfero Pharmaceuticals Inc		Life science	Convertible Note, 6% due, December 2022	$	100,000	$	102,630		0.9	%
( i )	Achelios Therapeutics Inc.		Life science	Convertible Note, 8% due, December 2021		100,000		125,184		1.2	%
( i )	Achelios Therapeutics Inc.		Life science	Convertible Note, 8% due December 2021		25,000		30,036		0.3	%
( i )	Achelios Therapeutics Inc.		Life science	Convertible Note, 8% due December 2021		50,000		56,586		0.5	%
( i )	Achelios Therapeutics Inc.		Life science	Convertible Note Sidecar, 25% discount. No interest		50,000		50,000		0.5	%
	AOA DX Inc		Life science	Convertible Note, 4%, due May 2024		100,000		101,567		0.9	%
	Avisi Technologies Inc		Life science	Convertible Note, 8% due July 2022		50,000		54,679		0.5	%
	Basepaws Inc		Life science	Convertible Note, 1% due April 2020		50,000		201,663		1.9	%
( i )	Beam Semiconductor Inc	*	Technology	Convertible Note, 8% due April 2022		150,000		177,058		1.6	%
( i )	Beam Semiconductor Inc	*	Technology	Convertible Note, 8% due March 2021		50,000		56,290		0.5	%
( i )	Beam Semiconductor Inc	*	Technology	Convertible Note, 8% due March 2022		100,000		103,704		1.0	%
	CoLabs Inc		Life science	Convertible Note, 6% due February 2023		50,000		50,304		0.5	%
	Corinnova Inc		Life science	Convertible Note, 6% due December 2024		100,000		105,211		1.0	%
	Corinnova Inc		Life science	Convertible Note, 6% due December 2024		50,000		50,164		0.5	%
	Cyberdontics Inc	*	Life science	Convertible Note, 8% due September 2022		30,000		34,971		0.3	%
	Cyberdontics Inc	*	Life science	Convertible Note, 8% due February 2023		35,000		39,457		0.4	%
	Cyberdontics Inc	*	Life science	Convertible Note, 0% no due date		35,000		37,700		0.3	%
	Deep Blue Medical Advances Inc		Life science	Convertible Note, 6% due June 2022		50,000		52,351		0.5	%
	Every Key Inc		Technology	Convertible Note, 5% due December 2023		100,000		109,027		1.0	%
	Identical Inc		Life science	Convertible Note, 2% due May 2022		100,000		101,775		0.9	%
	INBay Technology Inc		Technology	Convertible Note, 12% due October 2020		50,000		67,589		0.6	%
	INBay Technology Inc		Technology	Convertible Note, 12% due July 2021		30,000		38,028		0.4	%
	INBay Technology Inc		Technology	Convertible Note, 12% due February 2022		50,000		59,649		0.6	%
	INBay Technology Inc		Technology	Convertible Note, 12% due December 2022		40,000		43,958		0.4	%
	INBay Technology Inc		Technology	Convertible Note, 12% due December 2023		50,000		52,926		0.5	%
	Iris R&D Group Inc		Technology	Convertible Note, 8% May 2023		50,000		51,447		0.5	%
	Kiana Analytics Inc		Technology	Convertible Note, 3% December 2022		100,000		102,326		0.9	%
	Kitotech Medical Inc		Life science	Convertible Note, 6% due December 2020		100,000		246,141		2.3	%
	Kitotech Medical Inc		Life science	Convertible Note, 6% due November 2022		75,000		85,896		0.8	%
	Lifewave Biomedical Inc		Life science	Convertible Note, 6% due December 2020		30,000		33,733		0.3	%
	Lifewave Biomedical Inc		Life science	Convertible Note, 6% due December 2020		70,000		76,916		0.7	%
	Lifewave Biomedical Inc		Life science	Convertible Note, 6% due December 2021		50,000		51,159		0.5	%
	Lowell Therapeutics Inc		Life science	Convertible Note, 8% no due date		27,491		27,955		0.3	%
	mmTron Inc		Technology	Convertible Note, 4% due April 2023		100,000		101,030		0.9	%
	Navaux Inc		Life science	Convertible Note, 6% due December 2023		60,000		62,841		0.6	%
	Neuro42 Inc.		Life science	Convertible Note, 8% due December 2023		50,000		52,564		0.5	%
	Octagon Therapeutics Inc		Life science	Convertible Note, 5% due June 2021		50,000		52,349		0.5	%
	Octagon Therapeutics Inc		Life science	Convertible Note, 5% due June 2021		50,000		52,219		0.5	%
	Perikinetics Inc		Life science	Convertible Note, 6% due May 2022		100,000		105,326		1.0	%
	Preview Medical Inc		Life science	Convertible Note, 7% due January 2023		100,000		104,948		1.0	%
	Promaxo Inc		Life science	Convertible note, 5% due July 2022		100,000		183,876		1.7	%
	Rheos Inc		Life science	Convertible note, 8% due August 2026		100,000		101,074		0.9	%
	Saccharo Inc		Life science	Convertible note, 7% due September 2022		50,000		50,815		0.5	%
	SageMedic Corp		Life science	Convertible Note, 8% April 2021 plus warrants		50,000		59,885		0.6	%
	SageMedic Corp		Life science	Convertible Note, 8% December 2022 plus warrants		75,000		79,948		0.7	%
	Sensing Electromagnetic Plus Corp		Technology	Convertible Note, Fully reserved		50,000		1		0.0	%
	Sensing Electromagnetic Plus Corp		Technology	Convertible Note, Fully reserved		11,048		1		0.0	%
	Single Pass Inc		Life science	Convertible Note, 6% April 2024		50,000		50,970		0.5	%
	Valfix Medical Inc	*	Life science	Convertible Note, 8% December 2021		50,000		54,515		0.5	%
	Xpan Inc	*	Life science	Convertible Note, 8% due March 2022		50,000		56,301		0.5	%
	Xpan Inc	*	Life science	Convertible Note, 8% due June 2022		25,000		27,548		0.3	%
	Xpan Inc	*	Life science	Convertible Note, 8% due June 2022		25,000		27,542		0.3	%
Total convertible loan investments					$	3,243,539	$	3,801,833		35.1	%
	United States				$	2,423,539	$	2,873,150		26.6	%
	Canada					470,000		537,116		5.0	%
	Rest of World					350,000		391,567		3.6	%
Total convertible loan investments					$	3,243,539	$	3,801,833		35.1	%

Continued on next page

The accompanying notes are an integral part of these condensed interim financial statements.

8

Continued from previous page

Kyto Technology and Life Science, Inc.

Condensed Schedule of Investments as of September 30, 2021

(Unaudited)

	Portfolio Company		Industry	Investment	Cost		Fair value		% of net assets (a)
Preferred stock investments
	Altis Biosystems		Life science	22,028 shares of Series Seed Preferred	$	50,000	$	50,000	0.5	%
	Astrocyte Pharmaceuticals Inc		Life science	260,756 shares of Series A Preferred		100,000		100,000	0.9	%
	Cnote Group, Inc		Fintech	84,655 shares of series Seed-2 Preferred (converted SAFE)		51,500		59,783	0.6	%
	Cnote Group, Inc		Fintech	93,807 shares of Series Seed-3 Preferred (converted note)		50,000		66,247	0.6	%
	Colabs Inc		Life science	147,058 shares of Series A-1 Preferred		50,000		50,000	0.5	%
	Connectus Services Ltd	*	Technology	31,348 shares of Series Seed Preferred		100,000		100,000	0.9	%
	Deep Blue Medical Advances Inc		Life science	10,474 shares of Series A Preferred		49,996		49,997	0.5	%
	Eumentis Thereapeutics Inc		Life science	85,009 shares of Series A Preferred		100,000		100,000	0.9	%
	FemtoDX Inc		Life science	42,436 shares of Series A Preferred		100,000		290,046	2.7	%
	Healionics Corporation		Life science	35,075 of Series A-1 Preferred		100,000		100,000	0.9	%
	i-Lumen Scientific Inc.		Life science	50,000 shares of Series A Preferred plus warrants		50,000		50,000	0.5	%
	i-Lumen Scientific Inc.		Life science	50,000 shares of Series A Preferred plus warrants		50,000		50,000	0.5	%
	Inhalon Biopharma Inc		Life science	18,843 shares of Series Seed Preferred		99,997		99,997	0.9	%
	Light Line Medical Inc		Life science	62,849 shares of Series Seed Preferred (converted note)		30,000		38,031	0.4	%
	Light Line Medical Inc		Life science	141,871 shares of Series Seed Preferred (converted note)		70,000		106,049	1.0	%
	Light Line Medical Inc		Life science	40,323 shares of Series Seed preferred		25,000		25,000	0.2	%
	Light Line Medical Inc		Life science	72,464 shares of Series A Preferred plus warrants		50,000		50,000	0.5	%
	Lowell Therapeutics Inc		Life science	20,000 shares of Series A Preferred		50,000		50,000	0.5	%
	Lowell Therapeutics Inc		Life science	20,000 shares of Series A Preferred		50,000		50,000	0.5	%
	Lowell Therapeutics Inc		Life science	25,000 shares of Series B Preferred		100,000		100,000	0.9	%
	Makani Science Inc		Life science	172,413 shares of Series Seed Preferred		50,000		50,000	0.5	%
	Micronic Technologies Inc		Technology	51,929 shares of Series Seed-1 Preferred plus warrants		100,000		100,000	0.9	%
	Neuroflow Inc		Life science	98,684 shares of Series Seed -2 Preferred		150,000		224,998	2.1	%
	Neuroflow Inc		Life science	20,429 shares of Series B Preferred		100,000		212,497	2.0	%
	New View Surgical, Inc.		Life science	53,825 shares of Series A-1 Preferred		75,000		75,000	0.7	%
	New View Surgical, Inc.		Life science	58,220 shares of Series A-1 Preferred		100,000		100,000	0.9	%
	Orion Biotechnology Inc	*	Life science	5,824 shares of Series A Preferred		100,000		100,000	0.9	%
	Otomagnetics Inc		Life science	16,538 shares of Series A-1 Preferred		100,000		100,000	0.9	%
	Partheous Inc		Life science	50,000 shares of Series A Preferred		50,000		50,000	0.5	%
	Promaxo		Life science	104,248 shares of Series B-1 Preferred, (converted note)		250,000		1,034,684	9.6	%
	Seal Rock Therapeutics, Inc.		Life science	68,075 shares of Series Seed Preferred, (converted note)		78,000		199,112	1.8	%
	Shyft (FKA Crater Group Inc)		Technology	42,657 shares of Series A-1 Preferred (converted note)		51,500		107,059	1.0	%
	Shyft (FKA Crater Group Inc)		Technology	28,147 shares of Series A Preferred (converted note)		50,000		91,771	0.8	%
	Shyft (FKA Crater Group Inc)		Technology	21,774 shares of Series A-1 Preferred (plus warrants)		50,000		70,990	0.7	%
( i )	Trellis Bioscience LLC		Life science	50,000 shares of Series B Preferred plus warrants		50,000		50,000	0.5	%
( i )	Trellis Bioscience LLC		Life science	50,000 shares of Series B Preferred plus warrants		50,000		50,000	0.5	%
( i )	Trellis Bioscience LLC		Life science	100,000 shares of Series B Preferred plus warrants		100,000		100,000	0.9	%
	Valfix Medical Inc	*	Life science	27,217 shares of Series Seed Preferred		50,000		50,000	0.5	%
	Vesteck Inc		Life science	34,783 shares of Series A preferred		100,000		100,000	0.9	%
	Visgenx Inc		Life science	7,833 shares of Series Seed-1 Preferred (converted note)		30,000		46,352	0.4	%
	Visgenx Inc		Life science	4,132 shares of Series Seed Preferred (converted note)		25,000		25,648	0.2	%
	Visgenx Inc		Life science	2,480 shares of Series Seed Preferred (converted note)		15,003		15,392	0.1	%
Total Preferred stock investments					$	3,050,997	$	4,538,653	42.0	%
	United States				$	2,800,997	$	4,288,653	39.6	%
	Canada					200,000		200,000	1.8	%
	Rest of World					50,000		50,000	0.5	%
Total Preferred stock investments					$	3,050,997	$	4,538,653	42.0	%
Common stock investments
	BendaRX Corp	*	Life science	12,500 Common shares	$	100,000	$	150,000	1.4	%
	BendaRX Corp	*	Life science	12,500 Common shares		100,000		150,000	1.4	%
	Boardwalk Tech		Technology	75,000 Common shares		65,600		65,600	0.6	%
	Boardwalk Tech		Technology	150,000 Common shares		73,500		91,995	0.9	%
	Kuantsol Inc		Technology	133.333 Common shares		25,000		25,000	0.2	%
	Sanaby Health Sponsor LLC		Life science	50,000 Common shares		100,000		473,732	4.4	%
Total Common stock investments					$	464,100	$	956,327	4.2	%
	United States				$	264,100	$	656,327	6.1	%
	Canada					200,000		300,000	2.8	%
	Rest of World					-		-
Total Common stock investments					$	464,100	$	956,327	8.8	%
		*
SAFE investments
	Infinidome Ltd	*	Technology	SAFE	$	50,000	$	50,000	0.5	%
	Infinidome Ltd	*	Technology	SAFE		50,000		50,000	0.5	%
	Madorra Inc	*	Life science	SAFE		100,000		100,000	0.9	%
	Mitre Medical Corp		Life science	SAFE		75,000		75,000	0.7	%
	Mitre Medical Corp		Life science	SAFE		50,000		50,000	0.5	%
	Orion Biotechnology Inc.	*	Life science	SAFE		100,000		100,000	0.9	%
	Polymertal Ltd	*	Technology	SAFE		150,000		150,000	1.4	%
Total SAFE investments					$	575,000	$	575,000	5.3	%
	United States					125,000		125,000	1.2	%
	Canada					100,000		100,000	0.9	%
	Rest of World					350,000		350,000	3.2	%
Total SAFE investments					$	575,000	$	575,000	5.3	%

Continued on next page

The accompanying notes are an integral part of these condensed interim financial statements.

9

Continued from previous page

Kyto Technology and Life Science, Inc.

Condensed Schedule of Investments as of September 30, 2021

(Unaudited)

	Portfolio Company		Industry	Investment	Cost		Fair value		% of net assets (a)
Other investments
	Enduralock LLC		Technology	34.1 Series A-1 Ownership Units	$	30,000	$	30,000		0.3	%
	Enduralock LLC		Technology	39.7 Series A-1 Ownership Units		35,000		35,000		0.3	%
( i )	Exodos Life Sciences LP		Life science	Class A-1 Preferred Ownership Units		206,000		206,000		1.9	%
	Green Sun Medical LLC		Life science	2,193 Class A-1 Ownership units		50,000		50,000		0.5	%
	Green Sun Medical LLC		Life science	1,096 Class A-1 Ownership units		25,000		25,000		0.2	%
	Green Sun Medical LLC		Life science	1,096 Class A-1 Ownership units		25,000		25,000		0.2	%
	Green Sun Medical LLC		Life science	4,386 Class A-1 Ownership units		100,000		100,000		0.9	%
	Riso Capital Fund I, LP		Technology	Ownership units		50,000		50,000		0.5	%
	Riso Capital Fund I, LP		Technology	Ownership units		50,000		50,000		0.5	%
Total other investments					$	571,000	$	571,000		5.3	%
	United States				$	571,000	$	571,000		5.3	%
	Canada					-		-
	Rest of World					-		-
Total other investments					$	571,000	$	571,000		5.3	%
Total investments					$	7,904,636	$	10,442,813		96.5	%
	United States				$	6,184,636	$	8,514,130		78.7	%
	Canada					970,000		1,137,116		10.5	%
	Rest of World					750,000		791,567		7.3	%
Total investments					$	7,904,636	$	10,442,813		96.5	%
	(a) based on total net assets of	$	10,817,894

( i ) Kyto representatives sit on the Board of Directors of these companies.

* These companies  are headquartered outside of the US.

  The accompanying notes are an integral part of these condensed interim financial statements.

10

Kyto Technology and Life Science, Inc.

Condensed Schedule of Investments as of March 31, 2021

(Unaudited)

	Portfolio Company		Industry	Investment		Cost		Fair value		% of net assets (a)
Convertible loan investments
(i)	Achelios Therapeutics Inc.		Life science		Convertible Note, 8% due, December 2021	$	100,000	$	121,173	1.7	%
(i)	Achelios Therapeutics Inc.		Life science		Convertible Note, 8% due December 2021		25,000		29,033	0.4	%
(i)	Achelios Therapeutics Inc.		Life science		Convertible Note, 8% due December 2021		50,000		54,581	0.8	%
	Avisi Technologies Inc		Life science		Convertible Note, 8% due July 2022		50,000		52,674	0.8	%
	Basepaws Inc		Life science		Convertible Note, 1% due April 2020		50,000		162,319	2.3	%
(i)	Beam Semiconductor Inc	*	Technology		Convertible Note, 8% due April 2022		150,000		171,041	2.4	%
(i)	Beam Semiconductor Inc	*	Technology		Convertible Note, 8% due March 2021		50,000		54,285	0.8	%
	Corinnova Inc		Life science		Convertible Note, 6% due December 2024		100,000		102,318	1.5	%
	Cyberdontics Inc	*	Life science		Convertible Note, 8% due September 2022		30,000		33,768	0.5	%
	Cyberdontics Inc	*	Life science		Convertible Note, 8% due February 2023		35,000		38,053	0.5	%
	Cyberdontics Inc	*	Life science		Convertible Note, 0% no due date		35,000		36,296	0.5	%
	Deep Blue Medical Advances Inc		Life science		Convertible Note, 6% due June 2022		50,000		50,863	0.7	%
	Every Key Inc		Technology		Convertible Note, 5% due December 2023		100,000		106,521	1.5	%
	Identical Inc		Life science		Convertible Note, 2% due May 2022		100,000		100,844	1.4	%
	INBay Technology Inc	*	Technology		Convertible Note, 12% due October 2020		50,000		59,721	0.9	%
	INBay Technology Inc	*	Technology		Convertible Note, 12% due July 2021		30,000		34,149	0.5	%
	INBay Technology Inc	*	Technology		Convertible Note, 12% due February 2022		50,000		56,641	0.8	%
	INBay Technology Inc	*	Technology		Convertible Note, 12% due December 2022		40,000		41,552	0.6	%
	Kiana Analytics Inc		Technology		Convertible Note, 3% December 2022		100,000		100,847	1.4	%
	Kitotech Medical Inc		Life science		Convertible Note, 6% due December 2020		100,000		243,133	3.5	%
	Kitotech Medical Inc		Life science		Convertible Note, 6% due November 2022		75,000		83,738	1.2	%
	Lifewave Biomedical Inc		Life science		Convertible Note, 6% due December 2020		30,000		32,831	0.5	%
	Lifewave Biomedical Inc		Life science		Convertible Note, 6% due December 2020		70,000		74,810	1.1	%
	Navaux Inc		Life science		Convertible Note, 6% due December 2023		60,000		61,036	0.9	%
	Neuro42 Inc.		Life science		Convertible Note, 8% due December 2023		50,000		50,559	0.7	%
	Octagon Therapeutics Inc		Life science		Convertible Note, 5% due June 2021		50,000		51,110	0.7	%
	Octagon Therapeutics Inc		Life science		Convertible Note, 5% due June 2021		50,000		50,966	0.7	%
	Perikinetics Inc		Life science		Convertible Note, 6% due May 2022		100,000		102,318	1.5	%
	Preview Medical Inc		Life science		Convertible Note, 7% due January 2023		100,000		101,918	1.5	%
	SageMedic Corp		Life science		Convertible Note, 8% April 2021 plus warrants		50,000		57,879	0.8	%
	SageMedic Corp		Life science		Convertible Note, 8% December 2022 plus warrants		75,000		77,088	1.1	%
	Sensing Electromagnetic Plus Corp		Technology		Convertible Note, Fully reserved		50,000		1	0.0	%
	Sensing Electromagnetic Plus Corp		Technology		Convertible Note, Fully reserved		11,048		1	0.0	%
	Valfix Medical Inc	*	Life science		Convertible Note, 8% December 2021		50,000		52,510	0.8	%
	Xpan Inc	*	Life science		Convertible Note, 8% due March 2022		50,000		54,296	0.8	%
	Xpan Inc	*	Life science		Convertible Note, 8% due June 2022		25,000		26,545	0.4	%
	Xpan Inc	*	Life science		Convertible Note, 8% due June 2022		25,000		26,540	0.4	%
Total Convertible loan investments						$	2,216,048	$	2,553,954	36.5	%
	United States					$	1,596,048	$	1,868,557	26.7	%
	Canada						370,000		407,561	5.8	%
	Rest of World						250,000		277,836	4.0	%
Total Convertible loan investments						$	2,216,048	$	2,553,954	36.5	%

Continued on next page

The accompanying notes are an integral part of these condensed interim financial statements.

11

Continued from previous page

Kyto Technology and Life Science, Inc.

Condensed Schedule of Investments as of March 31, 2021 - continued

(Unaudited)

Preferred stock investments
	Altis Biosystems		Life science	22,028 shares of Series Seed Preferred	$	50,000	$	50,000	0.7	%
	Astrocyte Pharmaceuticals Inc		Life science	260,756 shares of Series A Preferred		100,000		100,000	1.4	%
	Cnote Group, Inc		Fintech	84,655 shares of series Seed-2 Preferred (converted SAFE)		51,500		59,783	0.9	%
	Cnote Group, Inc		Fintech	93,807 shares of Series Seed-3 Preferred (converted note)		50,000		66,247	0.9	%
	Colabs Inc		Life science	147,058 shares of Series A-1 Preferred		50,000		50,000	0.7	%
	Connectus Services Ltd	*	Technology	31,348 shares of Series Seed Preferred		100,000		100,000	1.4	%
	Deep Blue Medical Advances Inc		Life science	10,474 shares of Series A Preferred		49,997		49,997	0.7	%
	Eumentis Thereapeutics Inc		Life science	85,009 shares of Series A Preferred		100,000		100,000	1.4	%
	FemtoDX Inc		Life science	42,436 shares of Series A Preferred		100,000		159,835	2.3	%
	i-Lumen Scientific Inc.		Life science	50,000 shares of Series A Preferred plus warrants		50,000		50,000	0.7	%
	i-Lumen Scientific Inc.		Life science	50,000 shares of Series A Preferred plus warrants		50,000		50,000	0.7	%
	Inhalon Biopharma Inc		Life science	18,843 shares of Series Seed Preferred		99,997		99,997	1.4	%
	Light Line Medical Inc		Life science	62,849 shares of Series Seed Preferred (converted note)		30,000		38,031	0.5	%
	Light Line Medical Inc		Life science	141,871 shares of Series Seed Preferred (converted note)		70,000		106,049	1.5	%
	Light Line Medical Inc		Life science	40,323 shares of Series Seed preferred		25,000		25,000	0.4	%
	Light Line Medical Inc		Life science	72,464 shares of Series A Preferred plus warants		50,000		50,000	0.7	%
	Lowell Therapeutics Inc		Life science	20,000 shares of Series A Preferred		50,000		50,000	0.7	%
	Lowell Therapeutics Inc		Life science	20,000 shares of Series A Preferred		50,000		50,000	0.7	%
	Micronic Technologies Inc		Technology	51,929 shares of Series Seed-1 Preferred plus warrants		100,000		100,000	1.4	%
	Neuroflow Inc		Life science	98,684 shares of Series Seed -2 Preferred		150,000		224,998	3.2	%
	Neuroflow Inc		Life science	20,429 shares of Series B Preferred		100,000		212,497	3.0	%
	New View Surgical, Inc.		Life science	53,825 shares of Series A-1 Preferred		75,000		75,000	1.1	%
	Otomagnetics Inc		Life science	16,538 shares of Series A-1 Preferred plus warrants		100,000		100,000	1.4	%
	Promaxo		Life science	104,248 shares of Series B-1 Preferred, (converted note)		250,000		531,738	7.6	%
	Seal Rock Therapeutics, Inc.		Life science	68,075 shares of Series Seed Preferred, (converted note)		78,000		80,329	1.1	%
	Shyft (FKA Crater Group Inc)		Technology	42,657 shares of Series A-1 Preferred		51,500		97,940	1.4	%
	Shyft (FKA Crater Group Inc)		Technology	28,147 shares of Series A Preferred (converted note)		50,000		64,626	0.9	%
	Shyft (FKA Crater Group Inc)		Technology	21,774 shares of Series A-1 Preferred (converted note)		50,000		50,000	0.7	%
(i)	Trellis Bioscience LLC		Life science	50,000 shares of Series B Preferred plus warrants		50,000		50,000	0.7	%
(i)	Trellis Bioscience LLC		Life science	50,000 shares of Series B Preferred plus warrants		50,000		50,000	0.7	%
(i)	Trellis Bioscience LLC		Life science	100,000 shares of Series B Preferred plus warrants		100,000		100,000	1.4	%
	Valfix Medical Inc	*	Life science	27,217 shares of Series Seed Preferred		50,000		50,000	0.7	%
	Visgenx Inc		Life science	7,833 shares of Series Seed-1 Preferred (converted note)		30,000		46,352	0.7	%
	Visgenx Inc		Life science	4,132 shares of Series Seed Preferred (converted note)		25,000		25,648	0.4	%
	Visgenx Inc		Life science	2,480 shares of Series Seed Preferred (converted note)		15,003		15,392	0.2	%
Total Preferred stock investments					$	2,450,998	$	3,129,458	44.8	%
	United States				$	2,300,998	$	2,979,458	42.6	%
	Canada					100,000		100,000	1.4	%
	Rest of World					50,000		50,000	0.7	%
Total Preferred stock investments					$	2,450,998	$	3,129,458	44.8	%
Common stock investments
	BendaRX Corp	*	Life science	12,500 Common shares	$	100,000	$	150,000	2.1	%
	BendaRX Corp	*	Life science	12,500 Common shares		100,000		150,000	2.1	%
	Boardwalk Tech		Technology	150,000 Common shares		73,500		91,995	1.3	%
Total common stock investments					$	273,500	$	391,995	5.6	%
	United States				$	73,500	$	91,995	1.3	%
	Canada					200,000		300,000	4.3	%
	Rest of World					-		-
Total common stock investments					$	273,500	$	391,995	5.6	%
SAFE investments
	Infinidome Ltd	*	Technology	SAFE	$	50,000	$	50,000	0.7	%
	Infinidome Ltd	*	Technology	SAFE		50,000		50,000	0.7	%
	Mitre Medical Corp		Life science	SAFE		75,000		75,000	1.1	%
	Mitre Medical Corp		Life science	SAFE		50,000		50,000	0.7	%
	Orion Biotechnology Inc.	*	Life science	SAFE		100,000		100,000	1.4	%
Total SAFE investments					$	325,000	$	325,000	4.6	%
	United States				$	125,000	$	125,000	1.8	%
	Canada					100,000		100,000	1.4	%
	Rest of World					100,000		100,000	1.4	%
Total SAFE investments					$	325,000	$	325,000	4.6	%

Continued on next page

The accompanying notes are an integral part of these condensed interim financial statements.

12

Continued from previous page

Kyto Technology and Life Science, Inc.

Condensed Schedule of Investments as of March 31, 2021 - continued

(Unaudited)

Preferred stock investments
Other investments
	Enduralock LLC		Technology	34.1 Series A-1 Ownership Units	$	30,000	$	30,000	0.4	%
	Enduralock LLC		Technology	39.7 Series A-1 Ownership Units		35,000		35,000	0.5	%
(i)	Exodos Life Sciences LP		Life science	Class A-1 Preferred Ownership Units		206,000		206,000	2.9	%
	Green Sun Medical LLC		Life science	2,193 Class A-1 Ownership units		50,000		50,000	0.7	%
	Green Sun Medical LLC		Life science	1,096 Class A-1 Ownership units		25,000		25,000	0.4	%
	Green Sun Medical LLC		Life science	1,096 Class A-1 Ownership units		25,000		25,000	0.4	%
	Riso Capital Fund I, LP		Technology	Ownership units		50,000		50,000	0.7	%
Total other investments					$	421,000	$	421,000	6.0	%
	United States				$	421,000	$	421,000	6.0	%
	Canada					-		-
	Rest of World					-		-
Total Other investments					$	421,000	$	421,000	6.0	%
Total investments					$	5,686,545	$	6,821,407	97.5	%
	United States				$	4,516,546	$	5,486,011	78.4	%
	Canada					770,000		907,560	13.0	%
	Rest of World					400,000		427,836	6.1	%
Total investments					$	5,686,545	$	6,821,407	97.5	%
	(a) based on total net assets of	$	6,993,163

( i )	Kyto representatives sit on the Board of Directors of these companies.
*	These companies are headquartered outside of the US.
	The accompanying notes are an integral part of these condensed interim financial statements.

13

KYTO TECHNOLOGY AND LIFE SCIENCE INC.

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

September 30, 2021

NOTE 1 – DESCRIPTION OF BUSINESS

Kyto Technology and Life Science, Inc. (the “Company”) was formed as a Florida corporation on March 5, 1999 under the name of B Twelve, Inc. In August, 2002, the Company changed its name from B Twelve, Inc. to Kyto BioPharma Inc. and in May 2018, the name was changed again to Kyto Technology and Life Science, Inc. In July 2019, the Company was re-incorporated as a Delaware company. The Company operates virtually, from public locations or the homes of its officers, and does not currently lease any office space.

The Company was originally formed to acquire and develop proprietary drugs for the treatment of cancer, arthritis, and other autoimmune diseases and had been evaluating a number of strategies. As of March 31, 2018, the Company had accumulated a deficit of $32,380,746 from all prior operations. In April 2018, the Board adopted a new business plan focused on the development of early-stage technology and life science businesses through early-stage investment funding. The Company has recruited a number of experienced investment consultants from a network that includes angel investors, corporate managers, sophisticated early-stage investors and successful entrepreneurs with experience across a number of technology and life science products and markets, and relies on input from these advisors in conducting due diligence and making investment decisions. In order to offset the risk in early-stage investing, the Company works with angel investment groups and other sophisticated investors and participates only after these groups have completed due diligence and committed to invest, in effect becoming lead investors. The Company then completes its own due diligence and invests under identical terms as the lead investors. The Company will do follow-on investments in existing portfolio companies, assuming adequate progress, when portfolio companies initiate new financing rounds. The Company currently does not typically invest more than $250,000 in any single investment. Generally, the Company’s investments represent less than 5% ownership interests, and the Company therefore has no effective control or influence over the management or commercial decisions of the companies in which it invests. The Company plans to generate revenue from realized gains from the sale of the businesses in which it has invested, or some or all of its shareholdings in those cases where portfolio companies go public. Generally, it is expected that investments will be realized from an exit within a period of four to five years following initial investment. Such exits or liquidity events are outside the Company’s control and depend on merger and acquisition (“M&A”) transactions or an initial public offering (“IPO”) which may result in cash or equity proceeds. Other than making its initial and, potentially, follow-on investments in its portfolio companies, the Company does not provide any financial support to any of its investees.

The Company has one regular employee – the CEO, Mr, Paul Russo. Prior to December 31, 2020, Mr. Russo was acting as a consultant to the Company and did not receive contractual compensation for his services in the form of cash. As of January 1, 2021, Mr. Russo was engaged as an employee of the Company at a salary of $400,000 per annum of which 60% was paid monthly from January to April 2021, then 75% from May 2021, with the balance being deferred to be paid once the Company lists and starts trading on the Nasdaq exchange. The full terms of Mr. Russo’s employment are described in a Form 8-K filed on February 1, 2021, which was approved by the Compensation committee of the Board of Directors on that date. During the three months and six months ended September 30, 2021, Mr. Russo received gross pay of $90,000 and $170,000, respectively. No consulting fees and no options were granted to him during these periods. During the three months and six months ended September 30, 2020, Mr. Russo received no payroll or consulting fees, however in the three and six months ended September 30, 2020 he received a bonus of $50,000 and was granted options to purchase 215,000 shares of Common stock.

The Company has created a portfolio of minority investments in early-stage start-up companies and derives its revenue opportunity from the sale of those investments. Such sales are outside the Company’s control and depend on M&A transactions or IPOs which may result in cash or equity proceeds. Accordingly, it is difficult to forecast revenue, net income, and cash flow. As of the date of this filing, the Company had approximately $485,000 of cash to cover its operating expenses, and new investment requirements and is continuing to raise additional funding on a recurring monthly basis. If successful, it will have sufficient funding for further investments and ongoing operations. However, there is no assurance that the Company will be able to raise sufficient cash to cover its requirements on attractive terms, if at all, and whether it will be able to continue as a going concern. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying condensed interim financial statements have been prepared assuming the Company will continue to operate as a going concern and do not include any adjustments that might result from the outcome of this uncertainty. Stay at home orders and general economic uncertainties arising out of the current Covid-19 epidemic have created additional delays and uncertainty. To date there has been no disruption to the Company’s business operations, although some of its portfolio investment companies report delays in their programs.

14

At March 31, 2020, management determined that the Company was an investment company for purposes of Accounting Standards Codification Topic 946, Financial Services—Investment Companies (ASC Topic 946) disclosure, and adopted the specialized accounting and reporting guidance contained therein. Accordingly, a new company, Kyto Investments, Inc. (“KI”) was incorporated in Delaware in December 2020 in preparation for a restructuring and an N-2 Registration Statement filed in March 2021 for review by the SEC. KI is an internally managed, closed-end investment company that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). Immediately upon effectiveness of this N-2 Registration Statement, the Company will merge with KI and the Company will be the surviving entity. As of the completion of the merger, the Company will constitute a “successor issuer” for the purposes of Rule 414 under the Securities Act and may continue the current offering by filing post-effective amendments to the Registration Statements. Prior to the merger, the Company had fewer than 100 non affiliated investors and filed under the 1934 Act relying on exemption Rule 3( c )(1).

As a BDC, the Company will be required to comply with certain regulatory requirements. The Company also intends to elect to be treated for U.S. federal income tax purposes as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). As a RIC, the Company is required to comply with additional regulatory requirements. The Company has prepared and submitted sequentially two N-2 Registration Statements to the SEC for review but has not yet received final approval of its registration as at the filing date of this report.

NOTE 2 - BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

(A) BASIS OF PRESENTATION

The accompanying unaudited condensed financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, these unaudited condensed financial statements do not include all of the information and disclosures required by U.S. GAAP for complete financial statements. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments (consisting only of normal recurring adjustments), which the Company considers necessary, for a fair presentation of those financial statements. The results of operations and cash flows for the three months and six months ended September 30, 2021 may not necessarily be indicative of results that may be expected for any succeeding quarter or for the entire fiscal year. The condensed balance sheet as of March 31, 2021 was derived from the audited financial statements at that date, but does not include all the information and footnotes required by U.S. GAAP. The information contained in this Quarterly Report on Form 10-Q should be read in conjunction with the audited financial statements of the Company for the year ended March 31, 2021, included in the Annual Report on Form 10-K as filed with the Securities and Exchange Commission (the “SEC”) on August 10, 2021.

The Company’s condensed interim financial statements are prepared in accordance with U.S. GAAP, which requires the use of estimates, assumptions and the exercise of subjective judgment as to future uncertainties. Actual results could differ from those estimates, assumptions, and judgments. Significant items subject to such estimates will include determining the fair value of investments, revenue recognition, income tax uncertainties, stock-based compensation, and other contingencies.

The Company’s financial statements are prepared using the specialized accounting principles of ASC Topic 946. In accordance with this specialized accounting guidance, the Company recognizes and carries all of its investments at fair value with changes in fair value recognized in earnings. Additionally, the Company will not apply consolidation or equity method of accounting to its investments. The carrying amount of the Company’s financial instruments such as cash and payables approximates fair value due to the short maturity of such instruments. Net assets are calculated as the carrying amounts of assets, including the fair value of investments, less the carrying amounts of its liabilities.

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(B) INVESTMENT TRANSACTIONS AND NET REALIZED AND UNREALIZED GAIN OR LOSS ON INVESTMENTS

The Company generates increases or decreases in its net assets from the sale of complete or partial investments following a merger or acquisition (“M&A”) transaction or restructuring or from the revaluation of portfolio company investments to recognize changes in their fair value, either upwards or downwards. As a minority early-stage investor, the Company does not have the ability to manage the timing or acceptance of liquidity events that will realize its investments, nor the ability to predict when they may happen, although as a general guideline, it would expect such events to occur approximately four to five years after its investments are made. The Company records the realized gains and losses from investment activities upon completion of sale and receipt of net proceeds, after deducting related transaction expenses. Realized gains or losses on the sale of investments, or upon the determination that an investment balance, or portion thereof, is not recoverable, are calculated using the specific identification method. The Company measures realized gains or losses by calculating the difference between the net proceeds from the repayment or sale and the cost basis of the investment. Net change in unrealized appreciation or depreciation reflects the change in the fair values of the Company’s portfolio investments during the reporting period, including any reversal of previously recorded unrealized appreciation or depreciation when gains or losses are realized. The Company is in periodic contact with the management of its portfolio investment companies to provide a basis for valuation changes. The Company does not expect to receive interest and principal repayments on its convertible notes and generally expects these notes to convert into equity securities upon completion of qualified subsequent financings. Accrued interest is recorded as an adjustment to the fair value of the convertible notes.

(C) INCOME TAXES

The Company accounts for income taxes under the Financial Accounting Standards Accounting Standard Codification Topic 740 “Accounting for Income Taxes” (“Topic 740”). Under Topic 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under Topic 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period, which includes the enactment date.

(D) USE OF ESTIMATES

In preparing financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the period presented. Actual results may differ from these estimates.

Significant estimates during the three months and six months ended September 30, 2021 and September 30, 2020 include the valuation of the investment portfolio, deferred tax assets, tax valuation allowance, stock options and warrants.

(E) CASH AND CASH EQUIVALENTS

The Company considers all highly liquid investments with original maturities of three months or less at the time of purchase to be cash equivalents. There were no cash equivalents at September 30, 2021 and March 31, 2021, respectively.

(F) CONCENTRATIONS

The Company maintains its cash in bank checking and deposit accounts, which, at times, may exceed federally insured limits. As of September 30, 2021, and March 31, 2021, the Company’s bank balance exceeded the federally insured limit by approximately $70,000 and $1.2 million, respectively. The Company has not experienced any losses in such accounts through September 30, 2021.

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(G) STOCK-BASED COMPENSATION

Financial Accounting Standards Board Accounting Standards Codification Topic 718, “Stock Compensation” requires generally that all equity awards granted to employees and consultants be accounted for at fair value. This fair value is measured at grant date for stock settled awards, and at subsequent exercise or settlement for cash-settled awards. Under this method, the Company records an expense equal to the fair value of the options or warrants issued. The fair value is computed using the Black Scholes options pricing model. The Company granted consultants and advisors 490,000 and 510,000 options during the three months ended September 30, 2021 and September 30, 2020, and 740,000 and 510,000 options during the six months ended September 30, 2021 and September 30, 2020, respectively.

(H) NET EARNINGS PER COMMON SHARE

In accordance with Statement of Financial Accounting Standards Accounting Standard Codification Topic 260, “Earnings per Share”, basic earnings per common share is computed by dividing the net income less preferred dividends for the period by the weighted average number of common shares outstanding. Diluted earnings per common share is computed by dividing net income less preferred dividends by the weighted average number of common shares outstanding including the effect of common stock equivalents consisting of preferred stock, stock options and warrants. The following table sets out the number of shares used in calculating fully- diluted earnings per common share using the if-converted method.

Weighted Average method

Number of shares used in calculating fully- diluted earnings per common shares

	Three months ended September 30, 2021		Six months ended September 30, 2021
Common Stock		13,271,996		13,269,764
Common stock subscribed not issued		-		-
Series A preferred stock		4,200,000		4,200,000
Series B preferred stock		5,307,240		4,361,525
Options		2,962,792		2,835,262
Warrants		1,596,667		1,596,667
Total shares used in calculating fully-diluted earnings per common share		27,338,695		26,263,218

	Three months ended September 30, 2020		Six months ended September 30, 2020
Common Stock issued		5,836,832		5,836,832
Series A preferred stock		4,200,000		4,200,000
Series B preferred stock		1,830,208		1,250,595
Options		1,920,000		1,571,429
Warrants		4,200,000		4,200,000
Total shares used in calculating fully-diluted earnings per common share		17,987,040		17,058,856

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(I ) INVESTMENT AND VALUATION OF INVESTMENT AT FAIR VALUE

The Company reviews the performance of its investments based on available information, including management reports, press releases, web site announcements and progress reports, third party equity updates, management interviews and, where accessible, financial reports, to determine their fair values. In the event that management considers the fair value of an investment to be greater or less than the current book value, the difference will be reflected as unrealized gains or losses in investments in the statements of operations.

The Company adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures”, for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied to existing U.S. GAAP that require the use of fair value measurements which establishes a framework for measuring fair value and expands disclosure about such fair value measurements.

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Fair value is an exchange price notion under which fair value is the price in an orderly transaction between market participants to sell an asset or transfer a liability in the market in which the reporting entity would transact for the asset or liability.

The Company has established procedures to estimate the fair value of its investments which the Company’s board of directors has reviewed and approved. The Company uses observable market data to estimate the fair value of investments to the extent that market data is available. In the absence of quoted market prices in active markets, or quoted market prices for similar assets or in markets that are not active, the Company uses the valuation methodologies described below with unobservable data based on the best available information in the circumstances, which incorporates the Company’s assumptions about the factors that a market participant would use to value the asset.

For investments for which quoted market prices are not available, which comprise most of our investment portfolio, fair value is estimated by using the income, market, or back-solve approach. The income approach is based on the assumption that value is created by the expectation of future benefits discounted to a current value and the fair value estimate is the amount an investor would be willing to pay to receive those future benefits. The market approach compares recent comparable transactions to the investment. The back solve method involves comparing available data over a period of time and inferring a new valuation based on changes from a known starting point, for example the cost of an investment. Adjustments are made for any dissimilarity between the comparable transactions and the investments. These valuation methodologies involve a significant degree of judgment on the part of our management and board.

In determining the appropriate fair value of an investment using these approaches, the most significant information and assumptions may include, as applicable: available current market data, including relevant and applicable comparable market transactions, applicable market yields and multiples, security covenants, call protection provisions, information rights, the nature and realizable value of any collateral, the investment’s ability to make payments, its earnings and discounted cash flows, the markets in which the company does business, comparisons of financial ratios of peer companies that are public, merger and acquisition comparables, the principal market and enterprise values, environmental factors, subsequent financings by the portfolio investment, among other factors.

The estimated fair values do not necessarily represent the amounts that may be ultimately realized due to the occurrence or nonoccurrence of future circumstances that cannot be reasonably determined. Because of the inherent uncertainty of the valuation of the investments, the estimate of fair values may differ significantly from the value that would have been used had a broader market for the investments existed.

The authoritative accounting guidance prioritizes the use of market-based inputs over entity-specific inputs and establishes a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation. The three levels of valuation hierarchy are defined as follows:

Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities

Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data

Level 3: Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions. Most of the Company’s investments are Level 3.

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Critical accounting policies and practices are the policies that are both most important to the portrayal of the Company’s financial condition and results, and require management’s most difficult, subjective, or complex judgments, often as a result of the need to make estimates about matters that are inherently uncertain. These include estimates of the fair value of Level 3 investments and other estimates that affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements and the reported amounts of certain revenues and expenses during the reporting period. It is likely that changes in these estimates will occur in the near term. The Company’s estimates are inherently subjective in nature and actual results could differ materially from such estimates. See “Note 1 – Significant Accounting Policies” to our financial statements as of March 31, 2021, as filed with the SEC on August 10, 2021, for further detail regarding our critical accounting policies and recently issued or adopted accounting pronouncements.

(J) RECENT ACCOUNTING PRONOUNCEMENTS

Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.

(K) OTHER CURRENT ASSETS

Other current assets principally include deferred offering costs. Since April 2019, the Company has conducted a series of sales of common and preferred stock to fund its ongoing investment program and cost of operations. Typically, it expects that raising capital through the sale of any series of securities, from start to finish, may take from six to nine months and in order to match the cost and benefits of this process, the Company adopted a policy of capitalizing direct expenses incurred in the course of raising capital, with the intention of netting accumulated expenses against proceeds from sale of equity, and reporting the net funds raised at the close. Direct expenses include legal fees, investor relations fees, investor roadshows and meeting expenses, and related filing and printing fees. At September 30, 2021 and March 31, 2021, the Company had deferred $230,434 and $169,891, respectively, of such expenses, relating to the preparation and filing of an N-2 Registration Statement.

NOTE 3 – COMMITMENTS AND CONTINGENCIES

The Company has no commitments or contingencies as of the date of this filing. The Company may be subject to litigation during the normal course of business but has not received any such claims to date.

NOTE 4 - RELATED PARTY TRANSACTIONS

At September 30, 2021 and March 31, 2021, the Company had accrued and owed $87,000 and $51,420, respectively, to officers of the Company for deferred payroll and consulting service fees.

At September 30, 2021, officers or directors of the Company held board positions at four portfolio companies: Beam Semiconductor Inc., Trellis Bioscience Inc., Exodos Life Sciences LP, and Achelios Therapeutics Inc.

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NOTE 5 – INVESTMENTS

The following table summarizes the Company’s investment portfolio at September 30, 2021 and March 31, 2021.

	September 30, 2021				March 31, 2021
Number of portfolio companies		66				51
Fair value	$	10,442,813			$	6,821,407
Cost		7,904,636				5,686,545
% of portfolio at fair value
Convertible notes		3,801,833	36.4	%		2,553,954	37.4	%
Preferrred stock		4,538,653	43.5	%		3,129,458	45.9	%
Common stock		956,327	9.2	%		391,995	5.7	%
SAFE		575,000	5.5	%		325,000	4.8	%
Other ownership units		571,000	5.5	%		421,000	6.2	%
Total	$	10,442,813	100	%	$	6,821,407	100	%

A SAFE is a Simple Agreement for Future Equity in the form of a warrant to purchase equity stock in a future priced round.

Our investment portfolio represents approximately 96% of our net assets at September 30, 2021 and 98% at March 31, 2021. Investments in early-stage start-up private operating entities are valued based on available metrics, such as relevant market multiples and comparable company valuations, company specific-financial data including subsequent financings, actual and projected results, and independent third-party valuation estimates.

Significant Unobservable Inputs for Level 3 Assets and Liabilities

In accordance with FASB ASC 820, Fair Value Management, the tables below provide quantitative information about the Company’s fair value measurements of its Level 3 assets as of September 30, 2021 and March 31, 2021. In addition to the techniques and inputs noted in the tables above, according to the Company’s valuation policy, the Company may also use other valuation techniques and methodologies when determining the Company’s fair value measurements. The tables below are not meant to be all-inclusive, but rather provide information on the significant Level 3 inputs as they relate to the Company’s fair value measurements. To the extent an unobservable input is not reflected in the tables below, such input is deemed insignificant with respect to the Company’s Level 3 fair value measurements. Significant changes in the inputs in isolation would result in a significant change in the fair value measurement, depending on the materiality of the investment.

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The following table summarizes the valuation techniques and significant unobservable inputs used for investments that are categorized within Level 3 of the fair value hierarchy as of September 30, 2021 and March 31, 2021:

	As of September 30, 2021
	Fair Value		Valuation Approach/ Technique	Unobservable Inputs	Range/ Weighted Average
Convertible notes: Basepaws Inc	$	201,663	Market approach based on indicative term sheet and last round of financing	As if converted note and Series A term sheet of $37.5 million	50:50 weight
Convertible notes: Promaxo Inc		183,876	Market approach based on available comparables and financial performance	Conversion prospects, market yield, remaining maturity	5% yield
Convertible notes: Other		3,416,294	Market approach based on available comparables and financial performance	Conversion prospects, market yield, remaining maturity	1-12% yield
Preferred stock in private companies” Shyft Moving Inc		269,820	Market approach based on indicative term sheet and last round of financing	50/50 weighting to prior A-3 preferred and indicated pre Series B price. Forecast revenue from investor deck and 75% percentile for public company peer valuation ratios	Based on Series B valuation of $80 million
Preferred stock in private companies: Seal Rock Therapeutics Inc		199,112	Market approach based on indicative term sheet and last round of financing	50/50 weighting to prior Series seed preferred and indicated Note price. 75% percentile for public company peer valuation ratios	Based on new Note indication of $80 million
Preferred stock in private companies: Femto DX Inc		290,046	Market approach based on indicative term sheet and last round of financing	50/50 weighting to prior Series B-2 preferred price and public market. 75% percentile for public company peer valuation ratios	Based on Series B valuation of $170 million
Preferred stock in private companies: Promaxo Inc		1,034,984	Market approach based on available comparables and financial performance	a) Last round of financing for series B-2 price, 118% change in enterprise value @75th percentile b) revenue multiples 2021 13.3X 2022 9.3x	0%-168.3% 0.6x - 27.7x 0.5x - 59.4x
Preferred stock in private companies: Other		2,744,691	Market approach based on available comparables and financial performance	Market approach based on available information from portfolio companies	Various
Common stock in private companies		325,000	Market approach based on available comparables and financial performance	Historic or projected revenue and/or EBITDA multiples discounted for lack of marketability	Various
SAFE		575,000	Market approach based on available comparables and financial performance	Precedent and follow-on transactions adjusted for marketability	Various
Other investments		571,000	Market approach based on available comparables and financial performance	Precedent and follow-on transactions adjusted for marketability	Various
Total Investments	$	9,811,486

	As of March 31, 2021
	Fair Value		Valuation Approach/ Technique	Unobservable Inputs	Range/ Weighted Average
Convertible notes: Kitotech Medical Inc	$	326,871	Market approach based on available comparables and financial performance	Market cap of $28.51 million a, Public company 75th percentile As if converted 2020 note	Range : $28.514 million
Convertible notes		2,227,083	Market approach based on available comparables and financial performance	Conversion prospects, market yield, remaining maturity	1-12% yield
Preferred stock in private companies: Femto DX Inc		159,835	Market approach based on available comparables and financial performance	Based on Series B financing and public company peer multiples using 50:50 percentile	Market value of invested capital $58.66 million
Preferred stock in private companies: Neuroflow Inc		437,495	Market approach based on available comparables and financial performance	Based on Series Seed 2 and last round of financing - Series B	Market value of invested capital $57.98 million
Preferred stock in private companies: other		2,532,128	Market approach based on available comparables and financial performance	Market approach based on available information from portfolio companies	Various
Common stock in private companies		300,000	Market approach based on available comparables and financial performance	Historic or projected revenue and/or EBITDA multiples	Various
SAFE		325,000	Market approach based on available comparables and financial performance	Precedent and follow-on transactions adjusted for marketability	Various
Other investments		421,000	Market approach based on available comparables and financial performance	Precedent and follow-on transactions adjusted for marketability	Various
Total Investments	$	6,729,412

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The following table presents fair value measurements of investments, by major class, as of September 30, 2021, and March 31, 2021, according to the fair value hierarchy:

	As of September 30, 2021
	Quoted prices in active markets for identical securities		Significant other observable inputs		Significant unobservable inputs
Description	(Level 1)		(Level 2)		(Level 3)		Total
Investments at Fair Value
Private Portfolio Companies
Convertible notes	$	-	$	-	$	3,801,833	$	3,801,833
Preferred stock		-		-		4,538,653		4,538,653
Common stock		-		-		325,000		325,000
SAFEs		-		-		575,000		575,000
Other ownership interests		-		-		571,000		571,000
		-		-		9,811,486		9,811,486
Public Portfolio Companies
Common stock		631,327		-		-		631,327
Total Investments at Fair value	$	631,327	$	-	$	9,811,486	$	10,442,813

	As of March 31, 2021
Description	Level 1		Level 2		Level 3		Total
March 31, 2021
Investments at Fair Value
Private Portfolio Companies
Convertible notes	$	-	$	-	$	2,553,954	$	2,553,954
Preferred stock		-		-		3,129,458		3,129,458
Common stock		-		-		300,000		300,000
SAFEs		-		-		325,000		325,000
Other ownership interests		-		-		421,000		421,000
		-		-		6,729,412		6,729,412
Public Portfolio Companies
Common stock		91,995		-		-		91,995
Total Investments at Fair value	$	91,995	$	-	$	6,729,412	$	6,821,407

As of September 30, 2021, and March 31, 2021, all our investments were treated as Level 3 with the exception of two which are invested in common stock of a public company and treated as Level 1.

We focus on making our investments in the United States, Canada, and Israel. All investments are made and reported in U.S. dollars. Assets that are denominated in foreign currencies are translated into U.S. dollars at closing rates of exchange on the date of valuation. Transactions during the year are translated at the rate of exchange prevailing on the date of the transaction. The Company does not isolate that portion of results of operations resulting from the changes in foreign exchange rates on securities from fluctuations resulting from changes in market prices of such securities. Such foreign currency translation gains and losses are included in the net realized gains or losses from investments and net changes in unrealized gain or losses from investments on the statement of operations.

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	America		Canada		Rest of World		Total
Fair value beginning of year March 31, 2021	$	5,486,011	$	907,560	$	427,836	$	6,821,407
New investments		1,668,091		200,000		350,000		2,218,091
Proceeds from sale of investments		-		-		-		-
Realized gains		-		-		-		-
Net change in unrealized gains included in condensed Statements of Operations		1,360,028		29,556		13,731		1,403,315
Fair value end of six months September 30, 2021	$	8,514,130	$	1,137,116	$	791,567	$	10,442,813
Changes in unrealized gains or losses for the period included in Condensed Statement of Operations for assets held at the end of the reporting period.							$	1,403,315

	America		Canada		Rest of World		Total
Fair value beginning of year March 31, 2020	$	2,170,499	$	245,000	$	250,000	$	2,665,499
New investments		540,000		150,000		50,000		740,000
Proceeds from sale of investments		-		-		-		-
Realized gains		-		-		-		-
Net change in unrealized gains included in condensed Statements of Operations		438,953		21,947		17,348		478,248
Fair value end of six months September 30, 2020	$	3,149,452	$	416,947	$	317,348	$	3,883,747
Changes in unrealized gains or losses for the period included in Condensed Statement of Operations for assets held at the end of the reporting period.							$	478,248

Working on the experience of our technical advisors, we limit our investments to fintech, technology, and life sciences.

	Fintech		Technology		Life science		Total
Fair value beginning of year March 31, 2021	$	126,030	$	1,394,318	$	5,301,059	$	6,821,407
New investments		-		590,600		1,627,491		2,218,091
Proceeds from sale of investments		-		-		-		-
Realized gains		-		-		-		-
Net change in unrealized gains included in condensed Statements of Operations		-		45,531		1,357,784		1,403,315
Fair value end of six months September 30, 2021	$	126,030	$	2,030,449	$	8,286,334	$	10,442,813
Changes in unrealized gains or losses for the period included in Condensed Statement of Operations for assets held at the end of the reporting period.							$	1,403,315

	Fintech		Technology		Life science		Total
Fair value beginning of year March 31, 2020	$	101,500	$	685,002	$	1,878,997	$	2,665,499
New investments		-		-		740,000		740,000
Proceeds from sale of investments		-		-		-		-
Realized gains		-		-		-		-
Net change in unrealized gains included in condensed Statements of Operations		24,530		37,769		415,949		478,248
Fair value end of six months September 30, 2020	$	126,030	$	722,771	$	3,034,946	$	3,883,747
Changes in unrealized gains or losses for the period included in Condensed Statement of Operations for assets held at the end of the reporting period.							$	478,248

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We invest in early-stage private companies developing products or solutions in the fields of fintech, technology and life sciences. Typically, we are investing in interest bearing notes that may be convertible into equity securities upon the completion of qualified subsequent financings, preferred stock, SAFEs or other forms of ownership. Typically notes carry a two-year term and are then rolled over for additional periods if no other maturity triggers have been achieved. If a convertible note investment were, in our judgment, to become impaired, we would reverse the accrued interest and adjust the valuation to reflect management’s assessment of fair value. If a convertible note investment exceeds its maturity date we would request the portfolio company to document an extension, as well as consider whether the overdue note, along with all other available performance data and management reviews lead us to consider whether there should be an adjustment in fair value of the investment. There were no transfers into or out of Level 3 during the three and six months ended September 30, 2021 and September 30, 2020.

	Convertible notes		Preferred stock		Common stock		SAFEs		Other ownership interests		Total
Fair value March 31, 2021	$	2,553,954	$	3,129,458	$	391,995	$	325,000	$	421,000	$	6,821,407
Conversions into preferred stock		-		-		-		-		-		-
New investments		1,027,491		600,000		190,600		250,000		150,000		2,218,091
Proceeds from sale of investments		-		-		-		-		-		-
Realized gains		-		-		-		-		-		-
Unrealized gains included in condensed Statements of Operations		220,388		809,195		373,732		-		-		1,403,315
Fair value September 30, 2021	$	3,801,833	$	4,538,653	$	956,327	$	575,000	$	571,000	$	10,442,813

	Convertible notes			Preferred stock		Common stock			SAFEs			Other ownership interests		Total
Fair value March 31, 2020	$	1,528,002		$	701,497	$	126,500		$	73,500		$	236,000	$	2,665,499
Conversions into preferred stock		(597,984	)		678,313		-			(80,329	)		-		-
New investments		100,000			440,000		100,000			-			100,000		740,000
Proceeds from sale of investments		-			-		-			-			-		-
Realized gains		-			-		-			-			-		-
Unrealized gains included in condensed Statements of Operations		178,986			279,433		(62,000	)		81,829			-		478,248
Fair value September 30, 2020	$	1,209,004		$	2,099,243	$	164,500		$	75,000		$	336,000	$	3,883,747

NOTE 6– EQUITY

(A) PREFERRED STOCK

Series A

The Company has sold 4,200,000 Series A Stock Units (“Units”) consisting of one share of Series A Preferred Stock and one warrant to purchase a share of Common Stock at $0.80 per share. The Units were sold in a private placement to accredited investors. The Series A Preferred Stock will be converted into shares of Common Stock upon listing of the Company on Nasdaq or NYSE. In the event of any liquidation or winding up of the Company, the holders of the Series A shall be entitled to receive in preference to the holders of shares of Common Stock a per share amount equal to two times (2 X) their original purchase price plus any declared but unpaid dividends (the Liquidation Preference). All share issuances and obligations are recognized on the books and stock register.

On March 2, 2021, in preparation for an intended IPO, the Company made an offer to all its preferred shareholders to protect them against the possibility that the IPO price might be less than their preferred stock price. Accordingly, Series A-1 and Series A-2 Preferred Stock were created, and the holders of Series A Preferred Stock were granted an opportunity to purchase shares of Common Stock at $0.40 per share. If shareholders purchased at least $6,000 of Common Stock, their shares of Series A Preferred Stock were exchanged for Series A-1 which is guaranteed to convert into shares of Common Stock at the same price as the IPO price, and if shareholders purchased a pro-rated amount of Common Stock their Series A Preferred Stock were exchanged for Series A-2 Preferred Stock which in turn is convertible into shares of Common Stock at a discount of 10% to the IPO price. In all other respects the Series A-1 and Series A-2 Preferred Stock has the same rights and obligations as the Series A Preferred Stock. As of September 30, 2021, 1,437,500 shares of Series A Preferred Stock had been exchanged for Series A-1 Preferred Stock, and 2,212,500 shares of Series A Preferred Stock had been exchanged for Series A-2 Preferred Stock, respectively, leaving outstanding 550,000 shares of Series A Preferred Stock (“Series A”) designated at a par value of $0.01 per share.

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Series B

There were also 6,000,000 shares of Series B Preferred Stock (“Series B”) authorized designated at a par value of $0.01 per share. The Series B can be converted into shares of Common Stock upon listing of the Company on Nasdaq. In the event of any liquidation or winding up of the Company, the holders of the Series B shall be entitled to receive in preference to the holders of Common Shares and Series A Preferred Stock, a per share amount equal to two times (2 X) their original purchase price plus any declared but unpaid dividends (the Liquidation Preference). The holders of Series B shall be entitled to receive out of any funds of the Corporation at a time legally available for the declaration of dividends, dividends at a cumulative rate of 10% under such terms and conditions as the Board shall prescribe, provided, however, that in the event dividends shall be declared, dividends on issued and outstanding Series B shall be payable before any dividends shall be declared or paid upon or set apart for the Common Stock.

On March 2, 2021, in preparation for an intended future IPO, the Company made an offer to all its preferred shareholders to protect them against the possibility that the IPO price might be less than their preferred stock price. Accordingly, Series B-1 and Series B-2 Preferred Stock (“Series B-1” and “Series B-2”, respectively) were created, and the holders of the Series B were granted an opportunity to purchase shares of Common Stock at $0.40 per share. If shareholders purchased at least $6,000 of Common Stock, their Series B were exchanged for Series B-1 which is guaranteed to convert into shares of Common Stock at the same price as the IPO price, and if shareholders purchased a pro-rated amount of Common Stock their Series B were exchanged for Series B-2 which converts into shares of Common Stock at a discount of 10% to the IPO price. In all other respects, the Series B-1 and Series B-2 have the same rights and obligations as the Series B. At September 30, 2021, 1,166,406 shares of Series B had been exchanged for Series B-1, and 2,176,250 shares of Series B had been exchanged for Series B-2, respectively, leaving outstanding 286,250 shares of Series B. During the three and six months ended September 30, 2021, the Company sold 1,591,250 and 2,282,500 shares of Series B-1 Preferred Stock for $1,273,000 and $1,826,001, respectively.

As of September 30, 2021, the Company authorized an additional 3,000,000 shares of Series B stock designated as Series B-3 Preferred (“Series B-3”) bringing Series B to a total of 9,000,000 authorized shares with a par value of $0.01 per share. The Certificate of Designation of the Series B-3 shares was filed with the Delaware Secretary of State on October 5, 2021. The Series B-3 will be offered for $0.80 per share and accrue a cumulative dividend of 10% per annum. The remaining terms and conditions are substantially the same as for all other Series B shares, including mandatory conversion upon a majority vote of the Series B-3 shareholders, closing of a qualified financing of at least $10 million, or listing on a public stock exchange.

B) COMMON STOCK

The Company has authorized 40,000,000 shares of common stock at a par value of $0.01 per share. As of September 30, 2021, and March 31, 2021 a total of 13,287,621 and 9,983,082 shares of the Company’s common stock were issued and outstanding, respectively.

During the three and six months ended September 30, 2021, in connection with the amendment of Preferred Stock rights described in A above, the Company sold 3,285,789 shares of Common Stock for $1,314,317 of which $1,191,442 was received and accrued as subscription liability at March 31, 2021.

During each of the three and six months ended September 30, 2021, the Company issued 18,750 shares of Common Stock for $618, respectively, in connection with the exercise of stock options.

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C) STOCK OPTIONS

In April 2018, the Board approved the introduction of the Kyto Technology and Life Science, Inc. Incentive Stock Option Plan (“the 2018 Plan”) reserving 2,697,085 shares for issuance to employees, consultants and directors, with the objective of securing the benefit of services for stock options rather than cash salaries.

In July 2019, the Board approved the introduction of the Kyto Technology and Life Science 2019 Stock Option and Incentive Plan (“2019 Plan”), and reserved 2 million shares for issuance to directors, officers, consultants and advisors. Options granted under the 2019 Plan expire May 21, 2029.

In December 2020, the Board approved the introduction of the Kyto Technology and Life Science 2020 Non Qualified Stock Option Plan (“2020 Plan”), and reserved 2 million shares for issuance to directors, officers, consultants and advisors. Options granted under the 2020 Plan expire December 16, 2030.

During the three months ended September 30, 2021, and September 30, 2020, the Company issued a total of 490,000 and 510,000 non-qualified stock options, respectively, to consultants and advisors vesting over terms of two years. During the corresponding six months ended September 30, 2021, and September 30, 2020, the Company issued a total of 740,000 and 630,000 non-qualified stock options, respectively.

	Number of options granted			Weighted average exercise price			Weighted average remaining life years
Outstanding March 31, 2021		2,634,250		$	0.05			8.13
Granted		740,000			0.07			9.42
Exercised		(18,750	)		(0.03	)		-
Cancelled		-			-			-
Outstanding September 30, 2021		3,355,500		$	0.06			8.63
Exercisable September 30, 2021		2,085,041		$	0.04			8.90

In connection with the grant of stock options the Company recognizes the value of the related option expense using the Black Scholes model, with appropriate assumptions for option life, stock value, risk free interest rate, volatility, and cancellations.

	September 30, 2021			March 31, 2021
Stock Price at grant date	$	0.07		$	0.033 - $ 0.078
Exercise Price	$	0.07		$	0.033 - $ 0.078
Term in Years		0 - 2.00			0 - 2.00
Volatility assumed		196	%		71% - 196	%
Annual dividend rate		0.0	%		0.0	%
Risk free discount rate		0.12	%		0.12% - 2.0	%

The compensation expense calculated at time of grant is recognized over the vesting period for the options granted. During the three and six months ended September 30, 2021 the Company recognized $10,897 and $21,454, respectively, as stock-based compensation expense. For the corresponding three and six months ended September 30, 2020, the Company recognized $12,805 and $13,851, respectively.

The intrinsic value of outstanding options at September 30, 2021 was $62,580, and $56,987 of the option expense upon grant remained unrecognized at September 30, 2021 with a remaining vesting period of 1.44 years.

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D) WARRANTS

In conjunction with the sale of Series A Stock Units, the Company issued 4,200,000 warrants to purchase common stock at a price of $1.20 per share for a period of three years. The Company did not bifurcate the value of the warrants as the fair value of the warrant was determined to be de minimis. The Company has not issued any warrants since September, 2019. At September 30, 2021 and March 31, 2021 the fair value of the warrants was de minimis.

	Number of warrants			Weighted average exercise price		Weighted average remaining life in years
Outstanding March 31, 2020		4,200,000		$	1.20		2.9
Granted		-			-		-
Exercised		(2,603,333	)	$	1.20		-
Cancelled		-			-		-
Outstanding September 30, 2020		1,596,667		$	1.20		1.4
Exercisable March 31, 2020		4,200,000		$	1.20		2.9
Exercisable September 30, 2020		1,596,667		$	1.20		1.4

	Number  of warrants		Weighted average exercise price		Weighted average remaining life in years
Outstanding March 31, 2021		1,596,667	$	1.20		1.4
Granted		-				-
Exercised		-				-
Cancelled		-				-
Outstanding September 30, 2021		1,596,667	$	1.20		1.1
Exercisable March 31, 2021		1,596,667	$	1.20		1.4
Exercisable September 30, 2021		1,596,667	$	1.20		1.1

The Company values the warrants using the Black Scholes model, with appropriate assumptions for warrant life, stock value, risk free interest rate, and volatility. The assumptions used for warrant valuation were as follows:

Stock Price at grant date	$	0.006
Exercise Price	$	1.200
Term in Years		3.00
Volatility assumed		73	%
Annual dividend rate		0.0	%
Risk free discount rate		1.79	%

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NOTE 7 – FINANCIAL HIGHLIGHTS

Per share data ( a)	Three months ended			Three months ended			Six months ended			Six months ended
	September 30, 2021			September 30, 2020			September 30, 2021			September 30, 2020
Net asset value	$	0.82		$	0.72		$	0.82		$	0.72
Net investment loss	$	(0.03	)	$	(0.03	)	$	(0.06	)	$	(0.03	)
Net unrealized gain on investments	$	0.10		$	0.05		$	0.11		$	0.08
Net increase  in net assets	$	0.08		$	0.05		$	0.05		$	0.05
Ratios and Supplemental Data
Net assets, end of period	$	10,817,894		$	4,230,731		$	10,817,894		$	4,230,731
Weighted average common shares outstanding, end of period		13,271,996			5,836,832			13,269,764			5,836,832
Total operating expenses/net assets		3.3	%		3.8	%		6.8	%		4.7	%
Net investment loss/net assets		3.3	%		3.8	%		6.8	%		4.7	%
Total return		9.2	%		7.5	%		6.1	%		6.6	%

(a) Per share data is based on the weighted average number of common shares outstanding at the end of the period.

NOTE 8 - SUBSEQUENT EVENTS

On October 5, 2021, the Company filed a Form 8-K announcing the Designation of 3,000,000 million shares of B-3 Preferred Stock. As of November 13, 2021, the Company has sold $546,000 of shares of Series B-3 Preferred Stock and invested $300,000 in three follow-on investments.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS

PLAN OF OPERATIONS

Kyto Technology and Life Science, Inc. (the “Company”) was formed as a Florida corporation on March 5, 1999 under the name of B Twelve, Inc. In August, 2002, the Company changed its name from B Twelve, Inc. to Kyto BioPharma Inc. and in May 2018, the name was changed again to Kyto Technology and Life Science, Inc. In July 2019, the Company was re-incorporated as a Delaware company. The Company operates virtually, from public locations or the homes of its officers, and does not currently lease any office space.

The Company was originally formed to acquire and develop proprietary drugs for the treatment of cancer, arthritis, and other autoimmune diseases and had been evaluating a number of strategies. As of March 31, 2018, the Company had accumulated a deficit of $32,380,746 from all prior operations. In April 2018, the Board adopted a new business plan focused on the development of early-stage technology and life science businesses through early stage investment funding. The Company has recruited a number of experienced investment consultants from a network that includes angel investors, corporate managers, sophisticated early stage investors and successful entrepreneurs with experience across a number of technology and life science products and markets, and relies on input from these advisors in conducting due diligence and making investment decisions. In order to offset the risk in early-stage investing, the Company works with angel investment groups and other sophisticated investors and participates only after these groups have completed due diligence and committed to invest, in effect becoming lead investors. The Company then completes its own due diligence and invests under identical terms as the lead investors. The Company will do follow-on investments in existing portfolio companies, assuming adequate progress, when portfolio companies initiate new financing rounds. The Company currently does not typically invest more than $250,000 in any single investment. Generally, the Company’s investments represent less than 5% ownership interests, and the Company therefore has no effective control or influence over the management or commercial decisions of the companies in which it invests. The Company plans to generate revenue from realized gains from the sale of the businesses in which it has invested, or some or all of its shareholdings in those cases where portfolio companies go public. Generally, it is expected that investments will be realized from an exit within a period of four to five years following initial investment. Such exits or liquidity events are outside the Company’s control and depend on merger and acquisition (“M&A”) transactions or an initial public offering (“IPO”) which may result in cash or equity proceeds. Accordingly, it is difficult to forecast revenue, net income, and cash flow. Other than making its initial and, potentially, follow-on investments in its portfolio companies, the Company does not provide any financial support to any of its investees.

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The Company has one regular employee – the CEO, Mr, Paul Russo. Prior to December 31, 2020, was acting as a consultant to the Company and did not receive contractual compensation for his services in the form of cash. As of January 1, 2021, Mr. Russo was engaged as an employee of the Company at a salary of $400,000 per annum of which 60% was paid monthly from January through April 2021, and 75% was paid in subsequent months, with the balance deferred to be paid once the Company lists and starts trading on the Nasdaq exchange. The full terms of Mr. Russo’s employment are described in a Form 8-K on February 1, 2021, incorporated by reference herein, which was approved by the Compensation committee of the Board of Directors on that date. During the three months ended September 30, 2021, Mr. Russo received $80,000 gross pay, no consulting fees and no options were granted. During the three months ended September 30, 2020, Mr. Russo received no payroll or consulting fees, and no options were granted to him.

The Company has created a portfolio of minority investments in early-stage start-up companies and derives its revenue opportunity from the sale of those investments. Such sales are outside the Company’s control and depend on M&A transactions or IPOs which may result in cash or equity proceeds. Accordingly, it is difficult to forecast revenue, net income, and cash flow. As of the date of this filing, the Company had approximately $485,000 of cash to cover its operating expenses, and new investment requirements, and is continuing to raise additional funding on a recurring monthly basis. If successful, it will have sufficient funding for further investments and ongoing operations. However, there is no assurance that the Company will be able to raise sufficient cash to cover its requirements on attractive terms, if at all, and whether it will be able to continue as a going concern. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. Stay at home orders and general economic uncertainties arising out of the current Covid-19 epidemic have created additional delays and uncertainty. To date there has been no disruption to the Company’s business operations, although some of its portfolio investment companies report delays in their programs.

At March 31, 2020, management determined that the Company was an investment company for purposes of ASC 946 disclosure, and committed to follow the specialized accounting and reporting guidance contained therein. Accordingly, a new company, Kyto Investments, Inc. (“KI”) was incorporated in Delaware in December 2020 in preparation for a restructuring and an N-2 Registration Statement filed in March 2021 for review by the SEC. KI is an internally managed, closed-end investment company that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). Immediately upon effectiveness of this N-2 Registration Statement, the Company will merge with KI and the Company will be the surviving entity. As of the completion of the merger, the Company will constitute a “successor issuer” for the purposes of Rule 414 under the Securities Act and may continue the current offering by filing post-effective amendments to the Registration Statements. Prior to the merger, the Company had fewer than 100 non-affiliated investors and filed under the 1934 Act relying on exemption Rule 3( c )(1).

As a BDC, the Company will be required to comply with certain regulatory requirements. The Company also intends to elect to be treated for U.S. federal income tax purposes as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). As a RIC, the Company is required to comply with additional regulatory requirements. The Company has prepared and submitted sequentially two N-2 Registration Statements to the SEC for review but has not yet received final approval of its registration as at the filing date of this report.

Results of Operations

Revenue: In the three months and six months ended September 30, 2021 the Company reported no realized investment income as there were no liquidity events related to its investment portfolio. The Company reported $1,350,449 and $1,403,415 of unrealized gains from investments respectively, in these periods. In the three months and six months ended September 30, 2020 the Company reported no realized investment income as there were no liquidity events related to its investment portfolio. The Company reported $478,248 of unrealized gains from investments respectively, in these same periods.

.

Professional fees: In the three months and six months ended September 30, 2021, the Company reported $107,201 and $273,359, respectively, of professional fees, mainly for legal and accounting services. In the corresponding three months and six months ended September 30, 2020 the Company reported $63,605 and $76,543, respectively.

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Other Operating expenses: Other operating expenses include payroll, consulting, and travel and conference fees associated with raising capital and review of investment deal-flow. In the three months and six months ended September 30, 2021, the Company incurred other operating expenses of $245,519 and $466,127, respectively. In the corresponding three months and six months ended September 30, 2020, the Company incurred other operating expenses of $96,506 and $122,936, respectively.

For the three months and six months ended September 30, 2021, the Company’s net increase in net assets resulting from operations was $996,133 and $662,341, respectively. For the corresponding three months and six months ended September 30, 2020, the Company’s net increase in net assets resulting from operations was $318,137 and $279,269, respectively.

During the three months ended September 30, 2021, the Company was subject to shelter in place regulations imposed by the State of California in mitigation of the spread of the Corona 19 virus. Since the Company does not have any dedicated office space and works virtually from the homes of its officers, there was no major disruption in working routines which continued by video and teleconference. Uncertainty arising from Covid 19 created a slow-down in the rate at which the Company was able to raise Series B funding, and thereby continue to make investments, however the Company did see a reduction in travel and investor relations expenses during the period. The Company has more than 60 discrete investments in a range of different industry and geographic segments, many of which are in the life science and medical space. While there is clearly a risk that our portfolio companies may be adversely affected in their ability to raise future funding or do business, there have been no management reports revealing major problems and some of our portfolio companies may actually benefit from new opportunities created. We believe that our policy of spreading our investments in relatively small amounts over a large number of portfolio companies helps mitigate some of the risk that might be suffered by any of our investments.

Liquidity and Capital Resources

The Company had net assets of $10,817,894 and $6,993,163 at September 30, 2021 and March 31, 2021, respectively. Cash was $316,124 and $1,437,868 at September 30, 2021 and March 31, 2021, respectively.

Cash from operating activities

The Company used net cash of $3,071,238 in operating activities during the six months ended September 30, 2021 compared to $909,564 used for the six months ended September 30, 2020. Main reasons for the higher level in 2021 were an increase in investments in portfolio companies and increased professional fees and operating expenses.

Cash from investing activities

No cash was used in investing activities.

Cash from financing activities

The Company had a net cash inflow from financing activities of $1,949,494 in the six months ended September 30, 2021 compared to $1,273,250 in the three months ended September 30, 2020. This inflow included $1,826,001 proceeds from the sale of Series B preferred stock, and $122,875 proceeds from the sale of common stock, respectively, in the six months ended September 30, 2021, compared to $1,270,000 from the sale of Series B preferred stock in the corresponding six month prior period ended September 30, 2020.

The Company’s plan of operations for the next twelve months is to continue to focus its efforts on finding new sources of capital by means of private placements, and to use this capital to fund additional investments as they become available, and to cover operating expenses. The Company is planning to uplift from OTC to the NASDAQ market, and raise additional funding from an initial public offering (“IPO)” for which as an initial step it has submitted an N-2 filing to the SEC for review.

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CRITICAL ACCOUNTING POLICIES

USE OF ESTIMATES

In preparing financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the period presented. Actual results may differ from these estimates.

Significant estimates at September 30, 2021 and March 31, 2021 include the valuation of investments, deferred tax assets, tax allowance, stock options and warrants.

INVESTMENT AND VALUATION OF INVESTMENT AT FAIR VALUE

The Company reviews the performance of its investments based on available information, including management reports, press releases, web site announcements and progress reports, third party equity updates, management interviews and, where accessible, financial reports, to determine their fair values. In the event that Management considers the fair value of an investment to be greater or less than the current book value, the difference will be reflected as unrealized gains or losses in investments in the statements of operations.

The Company adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures”, for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied to existing GAAP that require the use of fair value measurements which establishes a framework for measuring fair value and expands disclosure about such fair value measurements.

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Fair value is an exchange price notion under which fair value is the price in an orderly transaction between market participants to sell an asset or transfer a liability in the market in which the reporting entity would transact for the asset or liability.

The Company has established procedures to estimate the fair value of its investments which the Company’s board of directors has reviewed and approved. The Company uses observable market data to estimate the fair value of investments to the extent that market data is available. In the absence of quoted market prices in active markets, or quoted market prices for similar assets or in markets that are not active, the Company uses the valuation methodologies described below with unobservable data based on the best available information in the circumstances, which incorporates the Company’s assumptions about the factors that a market participant would use to value the asset.

For investments for which quoted market prices are not available, which comprise most of our investment portfolio, fair value is estimated by using the income, market, or back-solve approach. The income approach is based on the assumption that value is created by the expectation of future benefits discounted to a current value and the fair value estimate is the amount an investor would be willing to pay to receive those future benefits. The market approach compares recent comparable transactions to the investment. The back solve method involves comparing available data over a period of time and inferring a new valuation based on changes from a known starting point, for example the cost of an investment. Adjustments are made for any dissimilarity between the comparable transactions and the investments. These valuation methodologies involve a significant degree of judgment on the part of our management and board.

In determining the appropriate fair value of an investment using these approaches, the most significant information and assumptions may include, as applicable: available current market data, including relevant and applicable comparable market transactions, applicable market yields and multiples, security covenants, call protection provisions, information rights, the nature and realizable value of any collateral, the investment’s ability to make payments, its earnings and discounted cash flows, the markets in which the company does business, comparisons of financial ratios of peer companies that are public, merger and acquisition comparables, the principal market and enterprise values, environmental factors, subsequent financings by the portfolio investment, among other factors.

The estimated fair values do not necessarily represent the amounts that may be ultimately realized due to the occurrence or nonoccurrence of future circumstances that cannot be reasonably determined. Because of the inherent uncertainty of the valuation of the investments, the estimate of fair values may differ significantly from the value that would have been used had a broader market for the investments existed.

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RECENT ACCOUNTING PRONOUNCEMENTS

Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.

OFF-BALANCE SHEET ARRANGEMENTS

As of the date of this Quarterly Report on Form 10-Q, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

IMPACT OF INFLATION

The Company does not foresee any implications being created by the current rate of inflation.

CONTRACTUAL OBLIGATION

The Company has no contractual obligations outside the normal course of business with its vendors, advisors, and consultants.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not required for smaller reporting company.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that material information required to be disclosed in our periodic reports filed under the Securities Exchange Act of 1934, as amended, or 1934 Act, is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms and to ensure that such information is accumulated and communicated to our management, including our chief executive officer/chief financial officer (principal financial officer) as appropriate, to allow timely decisions regarding required disclosure. During the three months ended September 30, 2021 we carried out an evaluation, under the supervision and with the participation of our management, including the principal executive officer and the principal financial officer (principal financial officer), of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rule 13(a)-15(e) under the 1934 Act. Based on this evaluation, because of the Company’s limited resources and limited number of employees, management concluded that our disclosure controls and procedures were ineffective as of September 30, 2021. Notwithstanding this conclusion, we believe that our unaudited condensed financial statements contained in this Quarterly Report fairly present our financial position, results of operations and cash flows for the periods covered thereby in all material respects.

Management’s Report on Internal Control over Financial Reporting

With the participation of our Chief Executive Officer and Chief Financial Officer (principal financial officer), our management conducted an evaluation of the effectiveness of our internal control over financial reporting as of September 30, 2021 based on the framework in Internal Controls—Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”). Based on our evaluation and the material weaknesses described below, management concluded that the Company did not maintain effective internal control over financial reporting as of September 30, 2021 based on the COSO framework criteria. Management has identified control deficiencies regarding the lack of segregation of duties and the need for a stronger internal control environment. Management of the Company believes that these material weaknesses are due to the small size of the Company’s accounting staff. The small size of the Company’s accounting staff may prevent adequate controls in the future, such as segregation of duties, due to the cost/benefit of such remediation. To mitigate the current limited resources and limited employees, we rely heavily on direct management oversight of transactions, along with the use of external legal and accounting professionals. As we grow, we expect to increase our number of employees, which will enable us to implement adequate segregation of duties within the internal control framework. In addition, we have identified the following material weaknesses: (i) the Company utilizes accounting software that does not prevent erroneous or unauthorized changes to previous reporting periods and/or can be adjusted so as not to provide an adequate audit trail of entries made in the accounting software, and (ii) we have identified a material weakness in our internal controls relating to the accounting of transactions that are either highly complex and/or unusual in nature. In such instances, we seek to augment our internal accounting capabilities by obtaining assistance from third-parties who have greater expertise in such areas.

These control deficiencies could result in a misstatement of account balances that would result in a reasonable possibility that a material misstatement to our financial statements may not be prevented or detected on a timely basis. Accordingly, we have determined that these control deficiencies as described above together constitute a material weakness. However, management believes that despite our material weaknesses, our financial statements for the three and six month periods ended September 30, 2021 are fairly stated, in all material respects, in accordance with US GAAP.

Limitations on Effectiveness of Controls and Procedures

Our management, including our Chief Executive Officer and Chief Financial Officer (principal financial officer), does not expect that our disclosure controls and procedures or our internal controls will prevent all errors and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include, but are not limited to, the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the control. The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Over time, controls may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate. Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

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PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

None

ITEM 1A. RISK FACTORS.

Not required for smaller reporting company.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

The Corporation filed a certificate of Designation in April 2021 for the issue of up to 3,200,000 shares of Series B-1 Preferred stock to accredited investors under Section 4(2) or Rule 506 of Regulation D of the Securities Act 1933. As of the filing date, the Corporation had sold a total of 5,911,416 shares of Series B Preferred stock to accredited investors. The Company will use the net proceeds for investment purposes and operating expenses.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable

ITEM 5. OTHER INFORMATION

None

ITEM 6. EXHIBITS

Index to Exhibits on page 13

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INDEX TO EXHIBITS

EXHIBIT NUMBER	DESCRIPTION
3 (i) (a)	Articles of Incorporation of Kyto BioPharma Inc.
3(i) (b)	Articles of Amendment changing name to Kyto Technology and Life Science Inc *
3(ii)	Bylaws of Kyto Technology and Life Science Inc. **
3.4	Delaware incorporation and revised articles of incorporation **
18.1	Auditors preferability letter re adoption of ASC 946***
31.1	Section 302 certification of principal executive officer and principal financial & accounting officer
32.1	Certification pursuant to 18 USC Section 1350 adopted pursuant to section 906 of the Sarbanes Oxley Act of 2002 of the principal executive officer and principal financial accounting officer

*	Filed as Exhibit to Company’s Form 10-SB on September 12, 2003 with the Securities and Exchange Commission.
**	Previously filed with Form 8-K on July 17, 2019.
***	Filed as Exhibit with Form 10-K on July 2, 2020.

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SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Kyto Technology and Life Science, Inc.
By:	/s/ Paul Russo
	Paul Russo Chief Executive Officer, principal executive officer,

Date: November 18, 2021

SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Kyto Technology and Life Science, Inc.
By:	/s/ Simon Westbrook
	Simon Westbrook Principal financial and accounting officer

Date: November 18, 2021

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EX-31.1

EXHIBIT 31.1

Rule 13a-14(a)/15d-14(a) Certification

I, Paul Russo, certify that:

1.	I have reviewed this report on Form 10-Q for the period ended September 30, 2021 of Kyto Technology and Life Science, Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

November 18, 2021
	/s/ Paul Russo
	Paul Russo
	Chief Executive Officer, principal executive officer,

EXHIBIT 31.1

Rule 13a-14(a)/15d-14(a) Certification

I, Simon Westbrook, certify that:

1.	I have reviewed this report on Form 10-Q for the period ended September 30, 2021 of Kyto Technology and Life Science, Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date November 18, 2021
	/s/ Simon Westbrook
	Simon Westbrook
	Principal financial and accounting officer,

EX-32.1

EXHIBIT 32.1

Section 1350 Certification

In connection with the Quarterly Report of Kyto Technology and Life Science, Inc. (the “Company”) on Form 10-Q for the period ended September 30, 2021 as filed with the Securities and Exchange Commission (the “Report”), I, Paul Russo, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. SS. 1350, as adopted pursuant to SS. 906 of the Sarbanes-Oxley Act of 2002, that:

1.	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, and
2.	The information contained in the Report fairly presents, in all material respects, the financial conditions and results of operations of the Company.

Date: November 18, 2021	/s/ Paul Russo
	Paul Russo Chief Executive Officer, principal executive officer,

EXHIBIT 32.1

Section 1350 Certification

In connection with the Quarterly Report of Kyto Technology and Life Science Inc. (the “Company”) on Form 10-Q for the period ended September 30, 2021 as filed with the Securities and Exchange Commission (the “Report”), I, Simon Westbrook, Chief financial and accounting officer, of the Company, certify, pursuant to 18 U.S.C. SS. 1350, as adopted pursuant to SS. 906 of the Sarbanes-Oxley Act of 2002, that:

1.	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, and
2.	The information contained in the Report fairly presents, in all material respects, the financial conditions and results of operations of the Company.

Date: November 18, 2021	/s/ Simon Westbrook
	Simon Westbrook Principal financial and accounting officer

XML

Cover - shares	6 Months Ended
	Sep. 30, 2021	Nov. 15, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2021
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--03-31
Entity File Number	000-50390
Entity Registrant Name	KYTO TECHNOLOGY AND LIFE SCIENCE, INC.
Entity Central Index Key	0001164888
Entity Tax Identification Number	65-1086538
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	13050 Paloma Road
Entity Address, City or Town	Los Altos Hills
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94022
City Area Code	(650)
Local Phone Number	204 7896
Title of 12(b) Security	Common stock
Trading Symbol	KBPH
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		13,287,621

XML

Condensed Statements of Assets and Liabilities - USD ($)	Sep. 30, 2021	Mar. 31, 2021
ASSETS
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)	$ 10,442,813	$ 6,821,407
Cash	316,124	1,437,868
Other current assets	230,434	169,891
Total Assets	10,989,371	8,429,166
Liabilities
Accounts payable and accrued liabilities	84,477	193,141
Accrued liabilities - related parties	87,000	51,420
Common stock subscription liability		1,191,442
Total Liabilities	171,477	1,436,003
Commitments and Contingencies (Note 3)
Net Assets
Preferred stock, value
Common stock, $.01 par value, 40,000,000 shares authorized, 13,287,621 and 9,983,082 issued and outstanding as of September 30, 2021 and March 31 2021, respectively	132,876	99,831
Additional paid-in capital	42,878,748	39,772,228
Accumulated deficit	(32,294,845)	(32,957,186)
Total Net Assets	10,817,894	6,993,163
Total Liabilities and Net Assets	10,989,371	8,429,166
Series A Preferred Stock [Member]
Net Assets
Preferred stock, value	42,001	42,001
Series B Preferred Stock [Member]
Net Assets
Preferred stock, value	$ 59,114	$ 36,289

XML

Condensed Statements of Assets and Liabilities (Parenthetical) - USD ($)	Sep. 30, 2021	Mar. 31, 2021
Investments at fair value	$ 7,904,636	$ 5,686,545
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	19,800,000	19,800,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	40,000,000	40,000,000
Common Stock, Shares, Issued	13,287,621	9,983,082
Common Stock, Shares, Outstanding	13,287,621	9,983,082
Series A Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	4,200,000	4,200,000
Preferred Stock, Shares Issued	4,200,000	4,200,000
Preferred Stock, Shares Outstanding	4,200,000	4,200,000
Preferred Stock, Liquidation Preference, Value	$ 6,720,000	$ 6,720,000
Series B Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	6,000,000	6,000,000
Preferred Stock, Shares Issued	5,911,406	3,628,906
Preferred Stock, Shares Outstanding	5,911,406	3,628,906
Preferred Stock, Liquidation Preference, Value	$ 9,458,250	$ 5,806,250

XML

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
INVESTMENT INCOME
Interest and other income				$ 500
Total investment income				500
EXPENSES
Professional fees	107,201	63,605	273,359	76,543
Other operating expenses	245,519	96,506	466,027	122,936
Interest and non operating expenses	1,596		1,588
Total expenses	354,316	160,111	740,974	199,479
Net investment loss	(354,316)	(160,111)	(740,974)	(198,979)
Net change in unrealized gain from investments	1,350,449	478,248	1,403,315	478,248
Net increase in net assets resulting from operations	$ 996,133	$ 318,137	$ 662,341	$ 279,269
Basic earnings per Common Share,
Net increase in net assets resulting from operations per common share	$ 0.08	$ 0.05	$ 0.05	$ 0.05
Weighted average common shares outstanding	13,271,996	5,836,832	13,269,764	5,836,832
Fully-diluted earnings per Common Share,
Net increase in net assets resulting from operations per common share	$ 0.04	$ 0.02	$ 0.03	$ 0.02
Weighted average common shares outstanding	27,338,695	17,987,040	26,263,218	17,058,856

XML

Condensed Statements of Changes in Net Assets (Unaudited) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Mar. 31, 2021
Balance	$ 8,537,246	$ 3,004,791	$ 6,993,163	$ 2,667,611	$ 2,667,611
Net increase in net assets resulting from operations	996,133	318,137	662,341	279,269
Sale of Series B Preferred stock at $0.80 per share	1,273,000	895,000	1,826,001	1,270,000
Sale of common stock at $0.40 per share			1,314,317
Exerrcise of stock options	$ 618		$ 618
Exercise of stock options, shares	18,750		18,750
Compensation expense from stock options	$ 10,897	12,803	$ 21,454	13,851
Balance	10,817,894	4,230,731	10,817,894	4,230,731	6,993,163
Preferred Stock [Member]
Balance	$ 42,001	$ 42,001	$ 42,001	$ 42,001	$ 42,001
Balance, shares	4,200,000	42,000,000	4,200,000	42,000,000	42,000,000
Net increase in net assets resulting from operations
Sale of Series B Preferred stock at $0.80 per share
Compensation expense from stock options
Balance	$ 42,001	$ 42,001	$ 42,001	$ 42,001	$ 42,001
Balance, shares	4,200,000	42,000,000	4,200,000	42,000,000	4,200,000
Preferred B Stock [Member]
Balance	$ 43,202	$ 12,188	$ 36,289	$ 8,125	$ 8,125
Balance, shares	4,320,156	1,281,250	3,628,906	812,500	812,500
Net increase in net assets resulting from operations
Sale of Series B Preferred stock at $0.80 per share	$ 15,912	$ 11,187	$ 22,825	$ 15,250
Stock Issued During Period, Shares, New Issues	1,591,250	1,056,250	2,282,500	1,525,000
Compensation expense from stock options
Balance	$ 59,114	$ 23,375	$ 59,114	$ 23,375	$ 36,289
Balance, shares	5,911,406	2,337,500	5,911,406	2,337,500	3,628,906
Common Stock [Member]
Balance	$ 132,689	$ 58,368	$ 99,831	$ 58,368	$ 58,368
Balance, shares	13,268,871	5,836,832	9,983,082	5,836,832	5,836,832
Net increase in net assets resulting from operations
Sale of Series B Preferred stock at $0.80 per share
Sale of common stock at $0.40 per share			$ 32,858
Sale of common stock $0.40 per share, shares			3,285,789
Exerrcise of stock options	$ 187		$ 187
Exercise of stock options, shares	18,750		18,750
Compensation expense from stock options
Balance	$ 132,876	$ 58,368	$ 132,876	$ 58,368	$ 99,831
Balance, shares	13,287,621	5,836,832	13,287,621	5,836,832	9,983,082
Additional Paid-in Capital [Member]
Balance	$ 41,610,332	$ 36,315,354	$ 39,772,228	$ 35,943,369	$ 35,943,369
Net increase in net assets resulting from operations
Sale of Series B Preferred stock at $0.80 per share	1,257,088	883,813	1,803,176	1,254,750
Sale of common stock at $0.40 per share			1,281,459
Exerrcise of stock options	431		431
Compensation expense from stock options	10,897	12,803	21,454	13,851
Balance	42,878,748	37,211,970	42,878,748	37,211,970	39,772,228
Retained Earnings [Member]
Balance	(33,290,978)	(33,423,120)	(32,957,186)	(33,384,252)	(33,384,252)
Net increase in net assets resulting from operations	996,133	318,137	662,341	279,269
Sale of Series B Preferred stock at $0.80 per share
Compensation expense from stock options
Balance	$ (32,294,845)	$ (33,104,983)	$ (32,294,845)	$ (33,104,983)	$ (32,957,186)

XML

Condensed Statements of Changes in Net Assets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2021	Sep. 30, 2020
Common Stock [Member]
Class of Stock [Line Items]
Sales of stock price per share	$ 0.40
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Sales of stock price per share	$ 0.80	$ 0.80

XML

Condensed Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Operating activities:
Net increase in net assets resulting from operations	$ 662,341	$ 279,269
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash used in operating activities
Net change in unrealized gain on investments	(1,403,315)	(478,248)
Stock option compensation expense	21,454	13,851
Change in operating assets and liabilities
Other current assets	60,543	(500)
Accounts payable and accrued liabilities	(108,664)	15,064
Accrued liabilities to related parties	35,580
Purchase of investments	(2,218,091)	(740,000)
Net cash used in operating activities	(3,071,238)	(909,564)
Cash flows from financing activities:
Sale of Common stock in connection with preference rights (see Note 6)	122,875
Sale of Common stock from exercise of options stock	618
Sale of Series B-1 Preferred stock	1,826,001	1,270,000
Receipt of SBA loan		1,000
Advances from related party		2,250
Net cash provided by financing activities	1,949,494	1,273,250
Net increase/(decrease) in cash	(1,121,744)	363,686
Cash, beginning of period	1,437,868	33,756
Cash, end of period	316,124	397,442
Supplemental cash flow information
Interest paid	1,588
Taxes paid	800	800
Supplemental schedule of noncash financing activities:
Conversion of common stock subscription liability to common stock	$ 1,191,442

XML

Condensed Schedule of Investments (Unaudited) - USD ($)		Sep. 30, 2021	Mar. 31, 2021
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 7,904,636	$ 5,686,545
Investment owned, at fair value		$ 10,442,813	$ 6,821,407
Investment owned, percent of net assets		96.50%	97.50%
UNITED STATES
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 6,184,636	$ 4,516,546
Investment owned, at fair value		$ 8,514,130	$ 5,486,011
Investment owned, percent of net assets		78.70%	78.40%
CANADA
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 970,000	$ 770,000
Investment owned, at fair value		$ 1,137,116	$ 907,560
Investment owned, percent of net assets		10.50%	13.00%
Rest of World [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 750,000	$ 400,000
Investment owned, at fair value		$ 791,567	$ 427,836
Investment owned, percent of net assets		7.30%	6.10%
Convertible Debt Securities [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 3,243,539	$ 2,216,048
Investment owned, at fair value		$ 3,801,833	$ 2,553,954
Investment owned, percent of net assets		35.10%	36.50%
Convertible Debt Securities [Member] | UNITED STATES
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 2,423,539	$ 1,596,048
Investment owned, at fair value		$ 2,873,150	$ 1,868,557
Investment owned, percent of net assets		26.60%	26.70%
Convertible Debt Securities [Member] | CANADA
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 470,000	$ 370,000
Investment owned, at fair value		$ 537,116	$ 407,561
Investment owned, percent of net assets		5.00%	5.80%
Convertible Debt Securities [Member] | Rest of World [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 350,000	$ 250,000
Investment owned, at fair value		$ 391,567	$ 277,836
Investment owned, percent of net assets		3.60%	4.00%
Preferred Investments [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 3,050,997	$ 2,450,998
Investment owned, at fair value		$ 4,538,653	$ 3,129,458
Investment owned, percent of net assets		42.00%	44.80%
Preferred Investments [Member] | UNITED STATES
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 2,800,997	$ 2,300,998
Investment owned, at fair value		$ 4,288,653	$ 2,979,458
Investment owned, percent of net assets		39.60%	42.60%
Preferred Investments [Member] | CANADA
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 200,000	$ 100,000
Investment owned, at fair value		$ 200,000	$ 100,000
Investment owned, percent of net assets		1.80%	1.40%
Preferred Investments [Member] | Rest of World [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000	$ 50,000
Investment owned, at fair value		$ 50,000	$ 50,000
Investment owned, percent of net assets		0.50%	0.70%
Common Stock Investments [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 464,100	$ 273,500
Investment owned, at fair value		$ 956,327	$ 391,995
Investment owned, percent of net assets		8.80%	5.60%
Common Stock Investments [Member] | UNITED STATES
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 264,100	$ 73,500
Investment owned, at fair value		$ 656,327	$ 91,995
Investment owned, percent of net assets		6.10%	1.30%
Common Stock Investments [Member] | CANADA
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 200,000	$ 200,000
Investment owned, at fair value		$ 300,000	$ 300,000
Investment owned, percent of net assets		2.00%	4.30%
Common Stock Investments [Member] | Rest of World [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost
Investment owned, at fair value
Common Stock Investment [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		464,100
Investment owned, at fair value		$ 956,327
Investment owned, percent of net assets		4.20%
Safe Investments [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 575,000	325,000
Investment owned, at fair value		$ 575,000	$ 325,000
Investment owned, percent of net assets		5.30%	4.60%
Safe Investments [Member] | UNITED STATES
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 125,000	$ 125,000
Investment owned, at fair value		$ 125,000	$ 125,000
Investment owned, percent of net assets		1.20%	1.80%
Safe Investments [Member] | CANADA
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 100,000	$ 100,000
Investment owned, at fair value		$ 100,000	$ 100,000
Investment owned, percent of net assets		0.90%	1.40%
Safe Investments [Member] | Rest of World [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 350,000	$ 100,000
Investment owned, at fair value		$ 350,000	$ 100,000
Investment owned, percent of net assets		3.20%	1.40%
Other Investment [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 571,000	$ 421,000
Investment owned, at fair value		$ 571,000	$ 421,000
Investment owned, percent of net assets		5.30%	6.00%
Other Investment [Member] | UNITED STATES
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 571,000	$ 421,000
Investment owned, at fair value		$ 571,000	421,000
Investment owned, percent of net assets		5.30%
Other Investment [Member] | CANADA
Summary of Investment Holdings [Line Items]
Investment owned, at cost
Investment owned, at fair value
Other Investment [Member] | Rest of World [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost
Investment owned, at fair value
Life science [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at fair value		8,286,334	5,301,059
Technology [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at fair value		2,030,449	1,394,318
Fintech [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at fair value		126,030	126,030
Abfero pharmaceuticals Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% Due Decemeber 2022 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		100,000
Investment owned, at fair value		$ 102,630
Investment owned, percent of net assets		0.90%
Achelios Therapeutics Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due Decemeber 2021 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[1]	$ 100,000	100,000
Investment owned, at fair value	[1]	$ 125,184	$ 121,173
Investment owned, percent of net assets	[1]	1.20%	1.70%
Achelios Therapeutics Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due Decemeber 2021 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[1]	$ 25,000	$ 25,000
Investment owned, at fair value	[1]	$ 30,036	$ 29,033
Investment owned, percent of net assets	[1]	0.30%	0.40%
Achelios Therapeutics Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due Decemeber 2021. [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[1]	$ 50,000	$ 50,000
Investment owned, at fair value	[1]	$ 56,586	$ 54,581
Investment owned, percent of net assets	[1]	0.50%	0.80%
Achelios Therapeutics Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note Sidecar 25% Discount No Interest [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[1]	$ 50,000
Investment owned, at fair value	[1]	$ 50,000
Investment owned, percent of net assets	[1]	0.50%
AOADX Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 4% Due May 2024 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 100,000
Investment owned, at fair value		$ 101,567
Investment owned, percent of net assets		0.90%
:Avisi Technologies Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due July 2020 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000	$ 50,000
Investment owned, at fair value		$ 54,679	$ 52,674
Investment owned, percent of net assets		0.50%	0.80%
Basepaws Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 1% Due April 2020 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000	$ 50,000
Investment owned, at fair value		$ 201,663	$ 162,319
Investment owned, percent of net assets		1.90%	2.30%
Beam Semi Conductor Inc [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due April 2020 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[1],[2]	$ 150,000	$ 150,000
Investment owned, at fair value	[1],[2]	$ 177,058	$ 171,041
Investment owned, percent of net assets	[1],[2]	1.60%	2.40%
Beam Semi Conductor Inc [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due March 2021[Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[1],[2]	$ 50,000	$ 50,000
Investment owned, at fair value	[1],[2]	$ 56,290	$ 54,285
Investment owned, percent of net assets	[1],[2]	0.50%	0.80%
Beam Semi Conductor Inc [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due March 2022 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[1],[2]	$ 100,000
Investment owned, at fair value	[1],[2]	$ 103,704
Investment owned, percent of net assets	[1],[2]	1.00%
Co Labs Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% Due February 2023[Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000
Investment owned, at fair value		$ 50,304
Investment owned, percent of net assets		0.50%
Co Labs Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A-1 Preferred [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000	$ 50,000
Investment owned, at fair value		$ 50,000	$ 50,000
Investment owned, percent of net assets		0.50%	0.70%
Corinnova Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% Due December 2024 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 100,000	$ 100,000
Investment owned, at fair value		$ 105,211	$ 102,318
Investment owned, percent of net assets		1.00%	1.50%
Corinnova Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% Due December 2024 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000
Investment owned, at fair value		$ 50,164
Investment owned, percent of net assets		0.50%
Cyberdontics Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due September 2022 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]	$ 30,000	$ 30,000
Investment owned, at fair value	[2]	$ 34,971	$ 33,768
Investment owned, percent of net assets	[2]	0.30%	0.50%
Cyberdontics Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due February 2023 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]	$ 35,000	$ 35,000
Investment owned, at fair value	[2]	$ 39,457	$ 38,053
Investment owned, percent of net assets	[2]	0.40%	0.50%
Cyberdontics Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 0% On Due Date [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]	$ 35,000	$ 35,000
Investment owned, at fair value	[2]	$ 37,700	$ 36,296
Investment owned, percent of net assets	[2]	0.30%	0.50%
Deep Blue Medical Advances Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% Due June 2022 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000	$ 50,000
Investment owned, at fair value		$ 52,351	$ 50,863
Investment owned, percent of net assets		0.50%	0.70%
Deep Blue Medical Advances Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A Preferred Stock [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 49,996	$ 49,997
Investment owned, at fair value		$ 49,997	$ 49,997
Investment owned, percent of net assets		0.50%	0.70%
Every Key Inc [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note 5% Due December 2023 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 100,000	$ 100,000
Investment owned, at fair value		$ 109,027	$ 106,521
Investment owned, percent of net assets		1.00%	1.50%
Identical Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 2% Due May 2022 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 100,000	$ 100,000
Investment owned, at fair value		$ 101,775	$ 100,844
Investment owned, percent of net assets		0.90%	1.40%
IN Bay Technonlogy Inc [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note 12% Due October 2020 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]	$ 50,000	$ 50,000
Investment owned, at fair value	[2]	$ 67,589	$ 59,721
Investment owned, percent of net assets	[2]	0.60%	0.90%
IN Bay Technonlogy Inc [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note Twelve Percentage Due July 2021 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]	$ 30,000	$ 30,000
Investment owned, at fair value	[2]	$ 38,028	$ 34,149
Investment owned, percent of net assets	[2]	0.40%	0.50%
IN Bay Technonlogy Inc [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note 12% Due February 2022 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]	$ 50,000	$ 50,000
Investment owned, at fair value	[2]	$ 59,649	$ 56,641
Investment owned, percent of net assets	[2]	0.60%	0.80%
IN Bay Technonlogy Inc [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note 12% Due December 2022 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]	$ 40,000	$ 40,000
Investment owned, at fair value	[2]	$ 43,958	$ 41,552
Investment owned, percent of net assets	[2]	0.40%	0.60%
IN Bay Technonlogy Inc [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note 12% Due December 2023 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]	$ 50,000
Investment owned, at fair value	[2]	$ 52,926
Investment owned, percent of net assets	[2]	0.50%
Iris R And D Group Inc [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due December 2023 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]	$ 50,000
Investment owned, at fair value	[2]	$ 51,447
Investment owned, percent of net assets	[2]	0.50%
Kiana Analytics [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note 3% Due December 2022 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 100,000	$ 100,000
Investment owned, at fair value		$ 102,326	$ 100,847
Investment owned, percent of net assets		0.90%	1.40%
Kiotech Medical Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% Due December 2020 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 100,000	$ 100,000
Investment owned, at fair value		$ 246,141	$ 243,133
Investment owned, percent of net assets		2.30%	3.50%
Kiotech Medical Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% Due November 2022 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 75,000	$ 75,000
Investment owned, at fair value		$ 85,896	$ 83,738
Investment owned, percent of net assets		0.80%	1.20%
Lifewave Biomedical Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% Due December 2020 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 30,000	$ 30,000
Investment owned, at fair value		$ 33,733	$ 32,831
Investment owned, percent of net assets		0.30%	0.50%
Lifewave Biomedical Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% Due November 2021 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 70,000	$ 70,000
Investment owned, at fair value		$ 76,916	$ 74,810
Investment owned, percent of net assets		0.70%	1.10%
Lifewave Biomedical Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% Due November 2021 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000
Investment owned, at fair value		$ 51,159
Investment owned, percent of net assets		0.50%
Lowell Therapeutics Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% No Due Date [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 27,491
Investment owned, at fair value		$ 27,955
Investment owned, percent of net assets		0.30%
Lowell Therapeutics Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A Preferred Stock [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000	$ 50,000
Investment owned, at fair value		$ 50,000	$ 50,000
Investment owned, percent of net assets		0.50%	0.70%
Lowell Therapeutics Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series B Preferred Stock [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 100,000
Investment owned, at fair value		$ 100,000
Investment owned, percent of net assets		0.90%
Lowell Therapeutics Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A Preferred Stock One [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost			$ 50,000
Investment owned, at fair value			$ 50,000
Investment owned, percent of net assets			0.70%
MM Tron Inc [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note 4% Due April 2023 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 100,000
Investment owned, at fair value		$ 101,030
Investment owned, percent of net assets		0.90%
Navaux Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% Due December 2023 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 60,000	$ 60,000
Investment owned, at fair value		$ 62,841	$ 61,036
Investment owned, percent of net assets		0.60%	0.90%
Neuro Fouty Two Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due December 2023 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000	$ 50,000
Investment owned, at fair value		$ 52,564	$ 50,559
Investment owned, percent of net assets		0.50%	0.70%
Octagon Therapeutics Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 5% Due June 2021 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000	$ 50,000
Investment owned, at fair value		$ 52,349	$ 51,110
Investment owned, percent of net assets		0.50%	0.70%
Octagon Therapeutics Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 5% Due June 2021 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000	$ 50,000
Investment owned, at fair value		$ 52,219	$ 50,966
Investment owned, percent of net assets		0.50%	0.70%
Perikinetics Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% Due May 2022 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 100,000	$ 100,000
Investment owned, at fair value		$ 105,326	$ 102,318
Investment owned, percent of net assets		1.00%	1.50%
Preview Medical Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 7% Due January 2023 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 100,000	$ 100,000
Investment owned, at fair value		$ 104,948	$ 101,918
Investment owned, percent of net assets		1.00%	1.50%
Promaxo Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 5% Due July 2022 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 100,000
Investment owned, at fair value		$ 183,876
Investment owned, percent of net assets		1.70%
RheosInc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due August 2026 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 100,000
Investment owned, at fair value		$ 101,074
Investment owned, percent of net assets		0.90%
Saccharo Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 7% Due September 2022 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000
Investment owned, at fair value		$ 50,815
Investment owned, percent of net assets		0.50%
Sage Medic Corp [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due April 2021 Plus Warrants [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000	$ 50,000
Investment owned, at fair value		$ 59,885	$ 57,879
Investment owned, percent of net assets		0.60%	0.80%
Sage Medic Corp [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due December 2022 Plus Warrants [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 75,000	$ 75,000
Investment owned, at fair value		$ 79,948	$ 77,088
Investment owned, percent of net assets		0.70%	1.10%
Sensing Electromagnetic Plus Corp [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note Fully Reserved [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000	$ 50,000
Investment owned, at fair value		$ 1	$ 1
Investment owned, percent of net assets		0.00%	0.00%
Sensing Electromagnetic Plus Corp [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note Fully Reserved One [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 11,048	$ 11,048
Investment owned, at fair value		$ 1	$ 1
Investment owned, percent of net assets		0.00%	0.00%
Single Pass Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% April 2024 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000
Investment owned, at fair value		$ 50,970
Investment owned, percent of net assets		0.50%
Valfix Medical Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% December 2021 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]	$ 50,000	$ 50,000
Investment owned, at fair value	[2]	$ 54,515	$ 52,510
Investment owned, percent of net assets	[2]	0.50%	0.80%
Valfix Medical Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series Seed Preferred [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]	$ 50,000	$ 50,000
Investment owned, at fair value	[2]	$ 50,000	$ 50,000
Investment owned, percent of net assets	[2]	0.50%	0.70%
Xpan Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% March 2025 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]	$ 50,000
Investment owned, at fair value	[2]	$ 56,301
Investment owned, percent of net assets	[2]	0.50%
Xpan Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% June 2022 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]	$ 25,000	$ 25,000
Investment owned, at fair value	[2]	$ 27,548	$ 26,545
Investment owned, percent of net assets	[2]	0.30%	0.40%
Xpan Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% June 2022 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]	$ 25,000	$ 25,000
Investment owned, at fair value	[2]	$ 27,542	$ 26,540
Investment owned, percent of net assets	[2]	0.30%	0.40%
Xpan Inc [Member] | Life science [Member] | Corporate Note Securities [Member] | Convertible Note 8% March 2025 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]		$ 50,000
Investment owned, at fair value	[2]		$ 54,296
Investment owned, percent of net assets	[2]		0.80%
Altis Biosystems [Member] | Life science [Member] | Preferred Investments [Member] | Series Seed Preferred [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000	$ 50,000
Investment owned, at fair value		$ 50,000	$ 50,000
Investment owned, percent of net assets		0.50%	0.70%
Astrocyte Pharmaceuticals Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A Preferred Stock [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 100,000	$ 100,000
Investment owned, at fair value		$ 100,000	$ 100,000
Investment owned, percent of net assets		0.90%	1.40%
Cnote Group Inc [Member] | Fintech [Member] | Preferred Investments [Member] | Series Seed-2 Preferred [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 51,500	$ 51,500
Investment owned, at fair value		$ 59,783	$ 59,783
Investment owned, percent of net assets		0.60%	0.90%
Cnote Group Inc [Member] | Fintech [Member] | Preferred Investments [Member] | Series Seed-3 Preferred [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000	$ 50,000
Investment owned, at fair value		$ 66,247	$ 66,247
Investment owned, percent of net assets		0.60%	0.90%
Connectus Services Ltd [Member] | Technology [Member] | Preferred Investments [Member] | Series Seed Preferred [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]	$ 100,000	$ 100,000
Investment owned, at fair value	[2]	$ 100,000	$ 100,000
Investment owned, percent of net assets	[2]	0.90%	1.40%
Eumentis Thereapeutics Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A Preferred Stock [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 100,000	$ 100,000
Investment owned, at fair value		$ 100,000	$ 100,000
Investment owned, percent of net assets		0.90%	1.40%
Femto DX Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A Preferred Stock [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 100,000	$ 100,000
Investment owned, at fair value		$ 290,046	$ 159,835
Investment owned, percent of net assets		2.70%	2.30%
Healionics Corporation [Member] | Life science [Member] | Preferred Investments [Member] | Series A-1 Preferred [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 100,000
Investment owned, at fair value		$ 100,000
Investment owned, percent of net assets		0.90%
ILumen Scientific Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A Preferred Plus Warrants [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000	$ 50,000
Investment owned, at fair value		$ 50,000	$ 50,000
Investment owned, percent of net assets		0.50%	0.70%
ILumen Scientific Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A Preferred Plus Warrants One[Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000	$ 50,000
Investment owned, at fair value		$ 50,000	$ 50,000
Investment owned, percent of net assets		0.50%	0.70%
Inhalon Biopharma Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series Seed Preferred [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 99,997	$ 99,997
Investment owned, at fair value		$ 99,997	$ 99,997
Investment owned, percent of net assets		0.90%	1.40%
Light Line Medical Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series Seed Preferred [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 25,000	$ 25,000
Investment owned, at fair value		$ 25,000	$ 25,000
Investment owned, percent of net assets		0.20%	0.40%
Light Line Medical Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A Preferred Plus Warrants [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000	$ 50,000
Investment owned, at fair value		$ 50,000	$ 50,000
Investment owned, percent of net assets		0.50%	0.70%
Light Line Medical Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series Seed Preferred Converted Note [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 30,000	$ 30,000
Investment owned, at fair value		$ 38,031	$ 38,031
Investment owned, percent of net assets		0.40%	0.50%
Light Line Medical Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series Seed Preferred Converted Note One [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 70,000	$ 70,000
Investment owned, at fair value		$ 106,049	$ 106,049
Investment owned, percent of net assets		1.00%	1.50%
Makani Science Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series Seed Preferred [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000
Investment owned, at fair value		$ 50,000
Investment owned, percent of net assets		0.50%
Micronic Technologies Inc [Member] | Technology [Member] | Preferred Investments [Member] | Series Seed-1 Preferred Plus Warrants [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 100,000	$ 100,000
Investment owned, at fair value		$ 100,000	$ 100,000
Investment owned, percent of net assets		0.90%	1.40%
Neuroflow Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series Seed-2 Preferred [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 150,000	$ 150,000
Investment owned, at fair value		$ 224,998	$ 224,998
Investment owned, percent of net assets		2.10%	3.20%
Neuroflow Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series B Preferred Stock [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 100,000	$ 100,000
Investment owned, at fair value		$ 212,497	$ 212,497
Investment owned, percent of net assets		2.00%	3.00%
New View Surgical Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A-1 Preferred [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 75,000	$ 75,000
Investment owned, at fair value		$ 75,000	$ 75,000
Investment owned, percent of net assets		0.70%	1.10%
New View Surgical Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A-1 Preferred [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 100,000
Investment owned, at fair value		$ 100,000
Investment owned, percent of net assets		0.90%
Orion Biotechnology Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A Preferred Stock [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]	$ 100,000
Investment owned, at fair value	[2]	$ 100,000
Investment owned, percent of net assets	[2]	0.90%
Orion Biotechnology Inc [Member] | Life science [Member] | Safe Investments [Member] | SAFE [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]		$ 100,000
Investment owned, at fair value	[2]		$ 100,000
Investment owned, percent of net assets	[2]		1.40%
Orion Biotechnology Inc [Member] | Life science [Member] | Safe Investments [Member] | SAFE [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]	$ 100,000
Investment owned, at fair value	[2]	$ 100,000
Investment owned, percent of net assets	[2]	0.90%
Otomagnetics Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A-1 Preferred Plus Warrants [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 100,000	$ 100,000
Investment owned, at fair value		$ 100,000	$ 100,000
Investment owned, percent of net assets		0.90%	1.40%
Partheous Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A Preferred Stock [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000
Investment owned, at fair value		$ 50,000
Investment owned, percent of net assets		0.50%
Promaxol Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series B-1 Preferred Converted Note [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 250,000
Investment owned, at fair value		$ 1,034,684
Investment owned, percent of net assets		9.60%
Seal Rock Therapeutics Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series Seed Preferred Converted Note [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 78,000	$ 78,000
Investment owned, at fair value		$ 199,112	$ 80,329
Investment owned, percent of net assets		1.80%	1.10%
Shyft F K A Crater Group Inc [Member] | Technology [Member] | Preferred Investments [Member] | Series A Preferred Stock [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000
Investment owned, at fair value		$ 91,771
Investment owned, percent of net assets		0.80%
Shyft F K A Crater Group Inc [Member] | Technology [Member] | Preferred Investments [Member] | Series A-1 Preferred [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 51,500	$ 51,500
Investment owned, at fair value		$ 107,059	$ 97,940
Investment owned, percent of net assets		1.00%	1.40%
Shyft F K A Crater Group Inc [Member] | Technology [Member] | Preferred Investments [Member] | Series A-1 Preferred Converted Note [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000	$ 50,000
Investment owned, at fair value		$ 70,990	$ 50,000
Investment owned, percent of net assets		0.70%	0.70%
Shyft F K A Crater Group Inc [Member] | Technology [Member] | Preferred Investments [Member] | Series A Preferred Converted Note [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost			$ 50,000
Investment owned, at fair value			$ 64,626
Investment owned, percent of net assets			0.90%
Trellis Bioscience LLC [Member] | Life science [Member] | Preferred Investments [Member] | Series B Preferred Plus Warrants [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[1]	$ 50,000	$ 50,000
Investment owned, at fair value	[1]	$ 50,000	$ 50,000
Investment owned, percent of net assets	[1]	0.50%	0.70%
Trellis Bioscience LLC [Member] | Life science [Member] | Preferred Investments [Member] | SeriesB Preferred Plus Warrants One [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[1]	$ 50,000	$ 50,000
Investment owned, at fair value	[1]	$ 50,000	$ 50,000
Investment owned, percent of net assets	[1]	0.50%	0.70%
Trellis Bioscience LLC [Member] | Life science [Member] | Preferred Investments [Member] | Series B Preferred Plus Warrants Two [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[1]		$ 100,000
Investment owned, at fair value	[1]		$ 100,000
Investment owned, percent of net assets	[1]		1.40%
Trellis Bioscience LLC [Member] | Technology [Member] | Preferred Investments [Member] | Series B Preferred Plus Warrants Two [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[1]	$ 100,000
Investment owned, at fair value	[1]	$ 100,000
Investment owned, percent of net assets	[1]	0.90%
Vesteck Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A Preferred Stock [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 100,000
Investment owned, at fair value		$ 100,000
Investment owned, percent of net assets		0.90%
Visgenx Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series Seed Preferred Converted Note [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 25,000	$ 25,000
Investment owned, at fair value		$ 25,648	$ 25,648
Investment owned, percent of net assets		0.20%	0.40%
Visgenx Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series Seed Preferred Converted Note One [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 15,003	$ 15,003
Investment owned, at fair value		$ 15,392	$ 15,392
Investment owned, percent of net assets		0.10%	0.20%
Visgenx Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series Seed-1 Preferred Converted Note [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 30,000	$ 30,000
Investment owned, at fair value		$ 46,352	$ 46,352
Investment owned, percent of net assets		0.40%	0.70%
Benda R X Corp [Member] | Life science [Member] | Common Stock Investments [Member] | Common Stock [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]	$ 100,000	$ 100,000
Investment owned, at fair value	[2]	$ 150,000	$ 150,000
Investment owned, percent of net assets	[2]	1.40%	2.10%
Benda R X Corp [Member] | Life science [Member] | Common Stock Investments [Member] | Common Stock One [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]	$ 100,000	$ 100,000
Investment owned, at fair value	[2]	$ 150,000	$ 150,000
Investment owned, percent of net assets	[2]	1.40%	2.10%
Boardwalk Tech [Member] | Life science [Member] | Common Stock Investments [Member] | Common Stock [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost			$ 73,500
Investment owned, at fair value			$ 91,995
Investment owned, percent of net assets			1.30%
Boardwalk Tech [Member] | Technology [Member] | Common Stock Investments [Member] | Common Stock [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 65,600
Investment owned, at fair value		$ 65,600
Investment owned, percent of net assets		0.60%
Boardwalk Tech [Member] | Technology [Member] | Common Stock Investments [Member] | Common Stock One [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 73,500
Investment owned, at fair value		$ 91,995
Investment owned, percent of net assets		0.90%
Kuantsol Inc [Member] | Technology [Member] | Common Stock Investments [Member] | Common Stock [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 25,000
Investment owned, at fair value		$ 25,000
Investment owned, percent of net assets		0.20%
Sanaby Health Sponsor LLC [Member] | Life science [Member] | Common Stock Investments [Member] | Common Stock [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 100,000
Investment owned, at fair value		$ 473,732
Investment owned, percent of net assets		4.40%
Infinidome Ltd [Member] | Technology [Member] | Safe Investments [Member] | SAFE [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]		$ 50,000
Investment owned, at fair value	[2]		$ 50,000
Investment owned, percent of net assets	[2]		0.70%
Infinidome Ltd [Member] | Technology [Member] | Safe Investments [Member] | Safe One [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]		$ 50,000
Investment owned, at fair value	[2]		$ 50,000
Investment owned, percent of net assets	[2]		0.70%
Infinidome Ltd [Member] | Technology [Member] | Safe Investments [Member] | SAFE [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]	$ 50,000
Investment owned, at fair value	[2]	$ 50,000
Investment owned, percent of net assets	[2]	0.50%
Infinidome Ltd [Member] | Technology [Member] | Safe Investments [Member] | Safe One [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]	$ 50,000
Investment owned, at fair value	[2]	$ 50,000
Investment owned, percent of net assets	[2]	0.50%
Madorra Inc [Member] | Safe Investments [Member] | Safe Investments [Member] | SAFE [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]	$ 100,000
Investment owned, at fair value	[2]	$ 100,000
Investment owned, percent of net assets	[2]	0.90%
Mitre Medical Corp [Member] | Life science [Member] | Safe Investments [Member] | SAFE [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost			$ 75,000
Investment owned, at fair value			$ 75,000
Investment owned, percent of net assets			1.10%
Mitre Medical Corp [Member] | Life science [Member] | Safe Investments [Member] | Safe One [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost			$ 50,000
Investment owned, at fair value			$ 50,000
Investment owned, percent of net assets			0.70%
Mitre Medical Corp [Member] | Life science [Member] | Safe Investments [Member] | SAFE [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 75,000
Investment owned, at fair value		$ 75,000
Investment owned, percent of net assets		0.70%
Mitre Medical Corp [Member] | Life science [Member] | Safe Investments [Member] | Safe One [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000
Investment owned, at fair value		$ 50,000
Investment owned, percent of net assets		0.50%
Polymertal Inc [Member] | Technology [Member] | Safe Investments [Member] | SAFE [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[2]	$ 150,000
Investment owned, at fair value	[2]	$ 150,000
Investment owned, percent of net assets	[2]	1.40%
Enduralock LLC [Member] | Technology [Member] | Other Investment [Member] | Series A-1 Ownership Units [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 30,000	$ 30,000
Investment owned, at fair value		$ 30,000	$ 30,000
Investment owned, percent of net assets		0.30%	0.40%
Enduralock LLC [Member] | Technology [Member] | Other Investment [Member] | Series A-1 Ownership Units 1 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 35,000	$ 35,000
Investment owned, at fair value		$ 35,000	$ 35,000
Investment owned, percent of net assets		0.30%	0.50%
Exodos Life Sciences LP [Member] | Life science [Member] | Other Investment [Member] | Series A-1 Ownership Units [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost	[1]	$ 206,000
Investment owned, at fair value	[1]	$ 206,000
Investment owned, percent of net assets	[1]	1.90%
Exodos Life Sciences LP [Member] | Life science [Member] | Other Investment [Member] | Class A-1 Preferred Ownership Units [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost			$ 206,000
Investment owned, at fair value			$ 206,000
Investment owned, percent of net assets			2.90%
Green Sun Medical LLC [Member] | Life science [Member] | Other Investment [Member] | Class A-1 Preferred Ownership Units [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000	$ 50,000
Investment owned, at fair value		$ 50,000	$ 50,000
Investment owned, percent of net assets		0.50%	0.70%
Green Sun Medical LLC [Member] | Life science [Member] | Other Investment [Member] | Class A-1 Preferred Ownership Units 1 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 25,000	$ 25,000
Investment owned, at fair value		$ 25,000	$ 25,000
Investment owned, percent of net assets		0.20%	0.40%
Green Sun Medical LLC [Member] | Life science [Member] | Other Investment [Member] | Class A-1 Preferred Ownership Units 2 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 25,000	$ 25,000
Investment owned, at fair value		$ 25,000	$ 25,000
Investment owned, percent of net assets		0.20%	0.40%
Green Sun Medical LLC [Member] | Life science [Member] | Other Investment [Member] | Class A-1 Preferred Ownership Units 3 [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 100,000
Investment owned, at fair value		$ 100,000
Investment owned, percent of net assets		0.90%
Riso Capital Fund ILP [Member] | Technology [Member] | Other Investment [Member] | Ownership Units [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000	$ 50,000
Investment owned, at fair value		$ 50,000	$ 50,000
Investment owned, percent of net assets		0.50%	0.70%
Riso Capital Fund ILP [Member] | Technology [Member] | Other Investment [Member] | Ownership Units One [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost		$ 50,000
Investment owned, at fair value		$ 50,000
Investment owned, percent of net assets		0.50%
Promaxo [Member] | Life science [Member] | Preferred Investments [Member] | Series B-1 Preferred Converted Note [Member]
Summary of Investment Holdings [Line Items]
Investment owned, at cost			$ 250,000
Investment owned, at fair value			$ 531,738
Investment owned, percent of net assets			7.60%

[1] Kyto representatives sit on the Board of Directors of these companies.

[2] These companies are headquartered outside of the US.

XML

Condensed Schedule of Investments (Unaudited) (Parenthetical) - USD ($)		6 Months Ended	12 Months Ended
		Sep. 30, 2021	Mar. 31, 2021
Stockholders' Equity Attributable to Parent		$ 10,817,894	$ 6,993,163
Investment Owned, Percent of Net Assets		96.50%	97.50%
UNITED STATES
Investment Owned, Percent of Net Assets		78.70%	78.40%
CANADA
Investment Owned, Percent of Net Assets		10.50%	13.00%
Common Stock [Member]
Stockholders' Equity Attributable to Parent		$ 132,876	$ 99,831
Convertible Debt Securities [Member]
Investment Owned, Percent of Net Assets		35.10%	36.50%
Convertible Debt Securities [Member] | UNITED STATES
Investment Owned, Percent of Net Assets		26.60%	26.70%
Convertible Debt Securities [Member] | CANADA
Investment Owned, Percent of Net Assets		5.00%	5.80%
Preferred Investments [Member]
Investment Owned, Percent of Net Assets		42.00%	44.80%
Preferred Investments [Member] | UNITED STATES
Investment Owned, Percent of Net Assets		39.60%	42.60%
Preferred Investments [Member] | CANADA
Investment Owned, Percent of Net Assets		1.80%	1.40%
Common Stock Investments [Member]
Investment Owned, Percent of Net Assets		8.80%	5.60%
Common Stock Investments [Member] | UNITED STATES
Investment Owned, Percent of Net Assets		6.10%	1.30%
Common Stock Investments [Member] | CANADA
Investment Owned, Percent of Net Assets		2.00%	4.30%
Other Investment [Member]
Investment Owned, Percent of Net Assets		5.30%	6.00%
Other Investment [Member] | UNITED STATES
Investment Owned, Percent of Net Assets		5.30%
Abfero pharmaceuticals Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% Due Decemeber 2022 [Member]
Interest percentage		6.00%
Maturity date		2022-12
Investment Owned, Percent of Net Assets		0.90%
Achelios Therapeutics Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due Decemeber 2021 [Member]
Interest percentage		8.00%	8.00%
Maturity date			2021-12
Investment Owned, Percent of Net Assets	[1]	1.20%	1.70%
Achelios Therapeutics Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due Decemeber 2021 [Member]
Interest percentage		8.00%	8.00%
Maturity date		2021-12	2021-12
Investment Owned, Percent of Net Assets	[1]	0.30%	0.40%
Achelios Therapeutics Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due Decemeber 2021. [Member]
Interest percentage		8.00%	8.00%
Maturity date		2021-12	2021-12
Investment Owned, Percent of Net Assets	[1]	0.50%	0.80%
Achelios Therapeutics Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note Sidecar 25% Discount No Interest [Member]
Debt discount percentage		25.00%
Investment Owned, Percent of Net Assets	[1]	0.50%
AOADX Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 4% Due May 2024 [Member]
Interest percentage		4.00%
Maturity date		2024-05
Investment Owned, Percent of Net Assets		0.90%
:Avisi Technologies Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due July 2020 [Member]
Interest percentage		8.00%	8.00%
Maturity date		2022-07	2022-07
Investment Owned, Percent of Net Assets		0.50%	0.80%
Basepaws Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 1% Due April 2020 [Member]
Interest percentage		1.00%	1.00%
Maturity date		2020-04	2020-04
Investment Owned, Percent of Net Assets		1.90%	2.30%
Beam Semi Conductor Inc [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due April 2020 [Member]
Interest percentage		8.00%	8.00%
Maturity date		2022-04	2022-04
Investment Owned, Percent of Net Assets	[1],[2]	1.60%	2.40%
Beam Semi Conductor Inc [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due March 2021[Member]
Interest percentage		8.00%	8.00%
Maturity date		2021-03	2021-03
Investment Owned, Percent of Net Assets	[1],[2]	0.50%	0.80%
Beam Semi Conductor Inc [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due March 2022 [Member]
Interest percentage		8.00%
Maturity date		2022-03
Investment Owned, Percent of Net Assets	[1],[2]	1.00%
Co Labs Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% Due February 2023[Member]
Interest percentage		6.00%
Maturity date		2023-02
Investment Owned, Percent of Net Assets		0.50%
Co Labs Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A-1 Preferred [Member]
Number of shares		147,058	147,058
Investment Owned, Percent of Net Assets		0.50%	0.70%
Corinnova Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% Due December 2024 [Member]
Interest percentage		6.00%	6.00%
Maturity date		2024-12	2024-12
Investment Owned, Percent of Net Assets		1.00%	1.50%
Corinnova Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% Due December 2024 [Member]
Interest percentage		6.00%
Maturity date		2024-12
Investment Owned, Percent of Net Assets		0.50%
Cyberdontics Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due September 2022 [Member]
Interest percentage		8.00%	8.00%
Maturity date		2022-09	2022-09
Investment Owned, Percent of Net Assets	[2]	0.30%	0.50%
Cyberdontics Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due February 2023 [Member]
Interest percentage		8.00%	8.00%
Maturity date		2023-02	2023-02
Investment Owned, Percent of Net Assets	[2]	0.40%	0.50%
Cyberdontics Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 0% On Due Date [Member]
Interest percentage		0.00%	0.00%
Investment Owned, Percent of Net Assets	[2]	0.30%	0.50%
Deep Blue Medical Advances Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% Due June 2022 [Member]
Interest percentage		6.00%	6.00%
Maturity date		2022-06	2022-06
Investment Owned, Percent of Net Assets		0.50%	0.70%
Deep Blue Medical Advances Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A Preferred Stock [Member]
Number of shares		10,474	10,474
Investment Owned, Percent of Net Assets		0.50%	0.70%
Every Key Inc [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note 5% Due December 2023 [Member]
Interest percentage		5.00%	5.00%
Maturity date		2023-12	2023-12
Investment Owned, Percent of Net Assets		1.00%	1.50%
Identical Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 2% Due May 2022 [Member]
Interest percentage		2.00%	2.00%
Maturity date		2022-05	2022-05
Investment Owned, Percent of Net Assets		0.90%	1.40%
IN Bay Technonlogy Inc [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note 12% Due October 2020 [Member]
Interest percentage		12.00%	12.00%
Maturity date		2020-10	2020-10
Investment Owned, Percent of Net Assets	[2]	0.60%	0.90%
IN Bay Technonlogy Inc [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note Twelve Percentage Due July 2021 [Member]
Interest percentage		12.00%	12.00%
Maturity date		2021-07	2021-07
Investment Owned, Percent of Net Assets	[2]	0.40%	0.50%
IN Bay Technonlogy Inc [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note 12% Due February 2022 [Member]
Interest percentage		12.00%	12.00%
Maturity date		2022-02	2022-02
Investment Owned, Percent of Net Assets	[2]	0.60%	0.80%
IN Bay Technonlogy Inc [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note 12% Due December 2022 [Member]
Interest percentage		12.00%	12.00%
Maturity date		2022-12	2022-12
Investment Owned, Percent of Net Assets	[2]	0.40%	0.60%
IN Bay Technonlogy Inc [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note 12% Due December 2023 [Member]
Interest percentage		12.00%
Maturity date		2023-12
Investment Owned, Percent of Net Assets	[2]	0.50%
Iris R And D Group Inc [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due December 2023 [Member]
Interest percentage		8.00%
Maturity date		2023-05
Investment Owned, Percent of Net Assets	[2]	0.50%
Kiana Analytics [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note 3% Due December 2022 [Member]
Interest percentage		3.00%	3.00%
Maturity date		2022-12	2022-12
Investment Owned, Percent of Net Assets		0.90%	1.40%
Kiotech Medical Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% Due December 2020 [Member]
Interest percentage		6.00%	6.00%
Maturity date		2020-12	2020-12
Investment Owned, Percent of Net Assets		2.30%	3.50%
Kiotech Medical Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% Due November 2022 [Member]
Interest percentage		6.00%	6.00%
Maturity date		2022-11	2022-11
Investment Owned, Percent of Net Assets		0.80%	1.20%
Lifewave Biomedical Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% Due December 2020 [Member]
Interest percentage		6.00%	6.00%
Maturity date		2020-12	2020-12
Investment Owned, Percent of Net Assets		0.30%	0.50%
Lifewave Biomedical Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% Due November 2021 [Member]
Interest percentage		6.00%	6.00%
Maturity date		2020-12	2020-12
Investment Owned, Percent of Net Assets		0.70%	1.10%
Lifewave Biomedical Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% Due November 2021 [Member]
Interest percentage		6.00%
Maturity date		2021-12
Investment Owned, Percent of Net Assets		0.50%
Lowell Therapeutics Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% No Due Date [Member]
Interest percentage		8.00%
Investment Owned, Percent of Net Assets		0.30%
Lowell Therapeutics Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A Preferred Stock [Member]
Number of shares		20,000	20,000
Investment Owned, Percent of Net Assets		0.50%	0.70%
Lowell Therapeutics Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A Preferred Stock One [Member]
Number of shares		20,000	20,000
Investment Owned, Percent of Net Assets			0.70%
Lowell Therapeutics Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series B Preferred Stock [Member]
Number of shares		25,000
Investment Owned, Percent of Net Assets		0.90%
MM Tron Inc [Member] | Technology [Member] | Convertible Debt Securities [Member] | Convertible Note 4% Due April 2023 [Member]
Interest percentage		4.00%
Maturity date		2023-04
Investment Owned, Percent of Net Assets		0.90%
Navaux Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% Due December 2023 [Member]
Interest percentage		6.00%	6.00%
Maturity date		2023-12	2023-12
Investment Owned, Percent of Net Assets		0.60%	0.90%
Neuro Fouty Two Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due December 2023 [Member]
Interest percentage		8.00%	8.00%
Maturity date		2023-12	2023-12
Investment Owned, Percent of Net Assets		0.50%	0.70%
Octagon Therapeutics Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 5% Due June 2021 [Member]
Interest percentage		5.00%	5.00%
Maturity date		2021-06	2021-06
Investment Owned, Percent of Net Assets		0.50%	0.70%
Octagon Therapeutics Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 5% Due June 2021 [Member]
Interest percentage		5.00%	5.00%
Maturity date		2021-06	2021-06
Investment Owned, Percent of Net Assets		0.50%	0.70%
Perikinetics Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% Due May 2022 [Member]
Interest percentage		6.00%	6.00%
Maturity date		2022-05	2022-05
Investment Owned, Percent of Net Assets		1.00%	1.50%
Preview Medical Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 7% Due January 2023 [Member]
Interest percentage		7.00%	7.00%
Maturity date		2023-01	2023-01
Investment Owned, Percent of Net Assets		1.00%	1.50%
Promaxo Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 5% Due July 2022 [Member]
Interest percentage		5.00%
Maturity date		2022-07
Investment Owned, Percent of Net Assets		1.70%
Promaxo Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series B-1 Preferred Converted Note [Member]
Number of shares		104,248
RheosInc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due August 2026 [Member]
Interest percentage		8.00%
Maturity date		2026-08
Investment Owned, Percent of Net Assets		0.90%
Saccharo Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 7% Due September 2022 [Member]
Interest percentage		7.00%
Maturity date		2022-09
Investment Owned, Percent of Net Assets		0.50%
Sage Medic Corp [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due April 2021 Plus Warrants [Member]
Interest percentage		8.00%	8.00%
Maturity date		2021-04	2021-04
Investment Owned, Percent of Net Assets		0.60%	0.80%
Sage Medic Corp [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% Due December 2022 Plus Warrants [Member]
Interest percentage		8.00%	8.00%
Maturity date		2022-12	2022-12
Investment Owned, Percent of Net Assets		0.70%	1.10%
Single Pass Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 6% April 2024 [Member]
Interest percentage		6.00%
Maturity date		2024-04
Investment Owned, Percent of Net Assets		0.50%
Valfix Medical Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% December 2021 [Member]
Interest percentage		8.00%	8.00%
Maturity date		2021-12	2021-12
Investment Owned, Percent of Net Assets	[2]	0.50%	0.80%
Valfix Medical Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series Seed Preferred [Member]
Number of shares		27,217	27,217
Investment Owned, Percent of Net Assets	[2]	0.50%	0.70%
Xpan Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% March 2025 [Member]
Investment Owned, Percent of Net Assets	[2]	0.50%
Xpan Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% June 2022 [Member]
Interest percentage		8.00%	8.00%
Maturity date		2022-06	2022-06
Investment Owned, Percent of Net Assets	[2]	0.30%	0.40%
Xpan Inc [Member] | Life science [Member] | Convertible Debt Securities [Member] | Convertible Note 8% June 2022 [Member]
Interest percentage		8.00%	8.00%
Maturity date		2022-06	2022-06
Investment Owned, Percent of Net Assets	[2]	0.30%	0.40%
Xpan Inc [Member] | Life science [Member] | Corporate Note Securities [Member] | Convertible Note 8% March 2025 [Member]
Interest percentage		8.00%	8.00%
Maturity date		2022-03	2022-03
Investment Owned, Percent of Net Assets	[2]		0.80%
Altis Biosystems [Member] | Life science [Member] | Preferred Investments [Member] | Series Seed Preferred [Member]
Number of shares		22,028	22,028
Investment Owned, Percent of Net Assets		0.50%	0.70%
Astrocyte Pharmaceuticals Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A Preferred Stock [Member]
Number of shares		260,756	260,756
Investment Owned, Percent of Net Assets		0.90%	1.40%
Cnote Group Inc [Member] | Fintech [Member] | Preferred Investments [Member] | Series Seed-2 Preferred [Member]
Number of shares		84,655	84,655
Investment Owned, Percent of Net Assets		0.60%	0.90%
Cnote Group Inc [Member] | Fintech [Member] | Preferred Investments [Member] | Series Seed-3 Preferred [Member]
Number of shares		93,807	93,807
Investment Owned, Percent of Net Assets		0.60%	0.90%
Connectus Services Ltd [Member] | Technology [Member] | Preferred Investments [Member] | Series Seed Preferred [Member]
Number of shares		31,348	31,348
Investment Owned, Percent of Net Assets	[2]	0.90%	1.40%
Eumentis Thereapeutics Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A Preferred Stock [Member]
Number of shares		85,009	85,009
Investment Owned, Percent of Net Assets		0.90%	1.40%
Femto DX Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A Preferred Stock [Member]
Number of shares		42,436	42,436
Investment Owned, Percent of Net Assets		2.70%	2.30%
Healionics Corporation [Member] | Life science [Member] | Preferred Investments [Member] | Series A-1 Preferred [Member]
Number of shares		35,075
Investment Owned, Percent of Net Assets		0.90%
ILumen Scientific Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A Preferred Plus Warrants [Member]
Number of shares		50,000	50,000
Investment Owned, Percent of Net Assets		0.50%	0.70%
ILumen Scientific Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A Preferred Plus Warrants One[Member]
Number of shares		50,000	50,000
Investment Owned, Percent of Net Assets		0.50%	0.70%
Inhalon Biopharma Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series Seed Preferred [Member]
Number of shares		18,843	18,843
Investment Owned, Percent of Net Assets		0.90%	1.40%
Light Line Medical Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series Seed Preferred [Member]
Number of shares		40,323	40,323
Investment Owned, Percent of Net Assets		0.20%	0.40%
Light Line Medical Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A Preferred Plus Warrants [Member]
Number of shares		72,464	72,464
Investment Owned, Percent of Net Assets		0.50%	0.70%
Light Line Medical Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series Seed Preferred Converted Note [Member]
Number of shares		62,849	62,849
Investment Owned, Percent of Net Assets		0.40%	0.50%
Light Line Medical Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series Seed Preferred Converted Note One [Member]
Number of shares		141,871	141,871
Investment Owned, Percent of Net Assets		1.00%	1.50%
Makani Science Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series Seed Preferred [Member]
Number of shares		172,413
Investment Owned, Percent of Net Assets		0.50%
Micronic Technologies Inc [Member] | Technology [Member] | Preferred Investments [Member] | Series Seed-1 Preferred Plus Warrants [Member]
Number of shares		51,929	51,929
Investment Owned, Percent of Net Assets		0.90%	1.40%
Neuroflow Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series Seed-2 Preferred [Member]
Number of shares		98,684	98,684
Investment Owned, Percent of Net Assets		2.10%	3.20%
Neuroflow Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series B Preferred Stock [Member]
Number of shares		20,429	20,429
Investment Owned, Percent of Net Assets		2.00%	3.00%
New View Surgical Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A-1 Preferred [Member]
Number of shares		53,825	53,825
Investment Owned, Percent of Net Assets		0.70%	1.10%
New View Surgical Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A-1 Preferred [Member]
Number of shares		58,220
Investment Owned, Percent of Net Assets		0.90%
Orion Biotechnology Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A Preferred Stock [Member]
Number of shares		5,824
Investment Owned, Percent of Net Assets	[2]	0.90%
Otomagnetics Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A-1 Preferred Plus Warrants [Member]
Number of shares		16,538	16,538
Investment Owned, Percent of Net Assets		0.90%	1.40%
Partheous Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A Preferred Stock [Member]
Number of shares		50,000
Investment Owned, Percent of Net Assets		0.50%
Seal Rock Therapeutics Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series Seed Preferred Converted Note [Member]
Number of shares		68,075	68,075
Investment Owned, Percent of Net Assets		1.80%	1.10%
Shyft F K A Crater Group Inc [Member] | Technology [Member] | Preferred Investments [Member] | Series A Preferred Stock [Member]
Investment Owned, Percent of Net Assets		0.80%
Shyft F K A Crater Group Inc [Member] | Technology [Member] | Preferred Investments [Member] | Series A-1 Preferred [Member]
Number of shares		42,657	42,657
Investment Owned, Percent of Net Assets		1.00%	1.40%
Shyft F K A Crater Group Inc [Member] | Technology [Member] | Preferred Investments [Member] | Series A Preferred Converted Note [Member]
Number of shares		28,147	28,147
Investment Owned, Percent of Net Assets			0.90%
Shyft F K A Crater Group Inc [Member] | Technology [Member] | Preferred Investments [Member] | Series A-1 Preferred Converted Note [Member]
Number of shares		21,774	21,774
Investment Owned, Percent of Net Assets		0.70%	0.70%
Trellis Bioscience LLC [Member] | Life science [Member] | Preferred Investments [Member] | Series B Preferred Plus Warrants [Member]
Number of shares		50,000	50,000
Investment Owned, Percent of Net Assets	[1]	0.50%	0.70%
Trellis Bioscience LLC [Member] | Life science [Member] | Preferred Investments [Member] | SeriesB Preferred Plus Warrants One [Member]
Number of shares		50,000	50,000
Investment Owned, Percent of Net Assets	[1]	0.50%	0.70%
Trellis Bioscience LLC [Member] | Life science [Member] | Preferred Investments [Member] | Series B Preferred Plus Warrants Two [Member]
Number of shares		100,000	100,000
Investment Owned, Percent of Net Assets	[1]		1.40%
Trellis Bioscience LLC [Member] | Technology [Member] | Preferred Investments [Member] | Series B Preferred Plus Warrants Two [Member]
Investment Owned, Percent of Net Assets	[1]	0.90%
Vesteck Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A Preferred Stock [Member]
Investment Owned, Percent of Net Assets		0.90%
Vesteck Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series A Preferred Converted Note [Member]
Number of shares		34,783
Visgenx Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series Seed Preferred Converted Note [Member]
Number of shares		4,132	4,132
Investment Owned, Percent of Net Assets		0.20%	0.40%
Visgenx Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series Seed Preferred Converted Note One [Member]
Number of shares		2,480	2,480
Investment Owned, Percent of Net Assets		0.10%	0.20%
Visgenx Inc [Member] | Life science [Member] | Preferred Investments [Member] | Series Seed-1 Preferred Converted Note [Member]
Number of shares		7,833	7,833
Investment Owned, Percent of Net Assets		0.40%	0.70%
Benda R X Corp [Member] | Life science [Member] | Common Stock Investments [Member] | Common Stock [Member]
Number of shares		12,500	12,500
Investment Owned, Percent of Net Assets	[2]	1.40%	2.10%
Benda R X Corp [Member] | Life science [Member] | Common Stock Investments [Member] | Common Stock One [Member]
Number of shares		12,500	12,500
Investment Owned, Percent of Net Assets	[2]	1.40%	2.10%
Boardwalk Tech [Member] | Life science [Member] | Common Stock Investments [Member] | Common Stock [Member]
Number of shares			150,000
Investment Owned, Percent of Net Assets			1.30%
Boardwalk Tech [Member] | Technology [Member] | Common Stock Investments [Member] | Common Stock [Member]
Number of shares		75,000
Investment Owned, Percent of Net Assets		0.60%
Boardwalk Tech [Member] | Technology [Member] | Common Stock Investments [Member] | Common Stock One [Member]
Number of shares		150,000
Investment Owned, Percent of Net Assets		0.90%
Kuantsol Inc [Member] | Technology [Member] | Common Stock Investments [Member] | Common Stock [Member]
Number of shares		133.333
Investment Owned, Percent of Net Assets		0.20%
Sanaby Health Sponsor LLC [Member] | Life science [Member] | Common Stock Investments [Member] | Common Stock [Member]
Number of shares		50,000
Investment Owned, Percent of Net Assets		4.40%
Enduralock LLC [Member] | Technology [Member] | Other Investment [Member] | Series A-1 Ownership Units [Member]
Number of shares		34.1	34.1
Investment Owned, Percent of Net Assets		0.30%	0.40%
Enduralock LLC [Member] | Technology [Member] | Other Investment [Member] | Series A-1 Ownership Units 1 [Member]
Number of shares		39.7	39.7
Investment Owned, Percent of Net Assets		0.30%	0.50%
Green Sun Medical LLC [Member] | Life science [Member] | Other Investment [Member] | Class A-1 Preferred Ownership Units [Member]
Number of shares		2,193	2,193
Investment Owned, Percent of Net Assets		0.50%	0.70%
Green Sun Medical LLC [Member] | Life science [Member] | Other Investment [Member] | Class A-1 Preferred Ownership Units 1 [Member]
Number of shares		1,096	1,096
Investment Owned, Percent of Net Assets		0.20%	0.40%
Green Sun Medical LLC [Member] | Life science [Member] | Other Investment [Member] | Class A-1 Preferred Ownership Units 2 [Member]
Number of shares		1,096	1,096
Investment Owned, Percent of Net Assets		0.20%	0.40%
Green Sun Medical LLC [Member] | Life science [Member] | Other Investment [Member] | Class A-1 Preferred Ownership Units 3 [Member]
Number of shares		4,386
Investment Owned, Percent of Net Assets		0.90%
Promaxo [Member] | Life science [Member] | Preferred Investments [Member] | Series B-1 Preferred Converted Note [Member]
Number of shares			104,248
Investment Owned, Percent of Net Assets			7.60%

[1] Kyto representatives sit on the Board of Directors of these companies.

[2] These companies are headquartered outside of the US.

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DESCRIPTION OF BUSINESS

6 Months Ended

Sep. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

DESCRIPTION OF BUSINESS

NOTE 1 – DESCRIPTION OF BUSINESS

Kyto Technology and Life Science, Inc. (the “Company”) was formed as a Florida corporation on March 5, 1999 under the name of B Twelve, Inc. In August, 2002, the Company changed its name from B Twelve, Inc. to Kyto BioPharma Inc. and in May 2018, the name was changed again to Kyto Technology and Life Science, Inc. In July 2019, the Company was re-incorporated as a Delaware company. The Company operates virtually, from public locations or the homes of its officers, and does not currently lease any office space.

The Company was originally formed to acquire and develop proprietary drugs for the treatment of cancer, arthritis, and other autoimmune diseases and had been evaluating a number of strategies. As of March 31, 2018, the Company had accumulated a deficit of $32,380,746 from all prior operations. In April 2018, the Board adopted a new business plan focused on the development of early-stage technology and life science businesses through early-stage investment funding. The Company has recruited a number of experienced investment consultants from a network that includes angel investors, corporate managers, sophisticated early-stage investors and successful entrepreneurs with experience across a number of technology and life science products and markets, and relies on input from these advisors in conducting due diligence and making investment decisions. In order to offset the risk in early-stage investing, the Company works with angel investment groups and other sophisticated investors and participates only after these groups have completed due diligence and committed to invest, in effect becoming lead investors. The Company then completes its own due diligence and invests under identical terms as the lead investors. The Company will do follow-on investments in existing portfolio companies, assuming adequate progress, when portfolio companies initiate new financing rounds. The Company currently does not typically invest more than $250,000 in any single investment. Generally, the Company’s investments represent less than 5% ownership interests, and the Company therefore has no effective control or influence over the management or commercial decisions of the companies in which it invests. The Company plans to generate revenue from realized gains from the sale of the businesses in which it has invested, or some or all of its shareholdings in those cases where portfolio companies go public. Generally, it is expected that investments will be realized from an exit within a period of four to five years following initial investment. Such exits or liquidity events are outside the Company’s control and depend on merger and acquisition (“M&A”) transactions or an initial public offering (“IPO”) which may result in cash or equity proceeds. Other than making its initial and, potentially, follow-on investments in its portfolio companies, the Company does not provide any financial support to any of its investees.

The Company has one regular employee – the CEO, Mr, Paul Russo. Prior to December 31, 2020, Mr. Russo was acting as a consultant to the Company and did not receive contractual compensation for his services in the form of cash. As of January 1, 2021, Mr. Russo was engaged as an employee of the Company at a salary of $400,000 per annum of which 60% was paid monthly from January to April 2021, then 75% from May 2021, with the balance being deferred to be paid once the Company lists and starts trading on the Nasdaq exchange. The full terms of Mr. Russo’s employment are described in a Form 8-K filed on February 1, 2021, which was approved by the Compensation committee of the Board of Directors on that date. During the three months and six months ended September 30, 2021, Mr. Russo received gross pay of $90,000 and $170,000, respectively. No consulting fees and no options were granted to him during these periods. During the three months and six months ended September 30, 2020, Mr. Russo received no payroll or consulting fees, however in the three and six months ended September 30, 2020 he received a bonus of $50,000 and was granted options to purchase 215,000 shares of Common stock.

The Company has created a portfolio of minority investments in early-stage start-up companies and derives its revenue opportunity from the sale of those investments. Such sales are outside the Company’s control and depend on M&A transactions or IPOs which may result in cash or equity proceeds. Accordingly, it is difficult to forecast revenue, net income, and cash flow. As of the date of this filing, the Company had approximately $485,000 of cash to cover its operating expenses, and new investment requirements and is continuing to raise additional funding on a recurring monthly basis. If successful, it will have sufficient funding for further investments and ongoing operations. However, there is no assurance that the Company will be able to raise sufficient cash to cover its requirements on attractive terms, if at all, and whether it will be able to continue as a going concern. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying condensed interim financial statements have been prepared assuming the Company will continue to operate as a going concern and do not include any adjustments that might result from the outcome of this uncertainty. Stay at home orders and general economic uncertainties arising out of the current Covid-19 epidemic have created additional delays and uncertainty. To date there has been no disruption to the Company’s business operations, although some of its portfolio investment companies report delays in their programs.

At March 31, 2020, management determined that the Company was an investment company for purposes of Accounting Standards Codification Topic 946, Financial Services—Investment Companies (ASC Topic 946) disclosure, and adopted the specialized accounting and reporting guidance contained therein. Accordingly, a new company, Kyto Investments, Inc. (“KI”) was incorporated in Delaware in December 2020 in preparation for a restructuring and an N-2 Registration Statement filed in March 2021 for review by the SEC. KI is an internally managed, closed-end investment company that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). Immediately upon effectiveness of this N-2 Registration Statement, the Company will merge with KI and the Company will be the surviving entity. As of the completion of the merger, the Company will constitute a “successor issuer” for the purposes of Rule 414 under the Securities Act and may continue the current offering by filing post-effective amendments to the Registration Statements. Prior to the merger, the Company had fewer than 100 non affiliated investors and filed under the 1934 Act relying on exemption Rule 3( c )(1).

As a BDC, the Company will be required to comply with certain regulatory requirements. The Company also intends to elect to be treated for U.S. federal income tax purposes as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). As a RIC, the Company is required to comply with additional regulatory requirements. The Company has prepared and submitted sequentially two N-2 Registration Statements to the SEC for review but has not yet received final approval of its registration as at the filing date of this report.

XML

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Sep. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 - BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

(A) BASIS OF PRESENTATION

The accompanying unaudited condensed financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, these unaudited condensed financial statements do not include all of the information and disclosures required by U.S. GAAP for complete financial statements. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments (consisting only of normal recurring adjustments), which the Company considers necessary, for a fair presentation of those financial statements. The results of operations and cash flows for the three months and six months ended September 30, 2021 may not necessarily be indicative of results that may be expected for any succeeding quarter or for the entire fiscal year. The condensed balance sheet as of March 31, 2021 was derived from the audited financial statements at that date, but does not include all the information and footnotes required by U.S. GAAP. The information contained in this Quarterly Report on Form 10-Q should be read in conjunction with the audited financial statements of the Company for the year ended March 31, 2021, included in the Annual Report on Form 10-K as filed with the Securities and Exchange Commission (the “SEC”) on August 10, 2021.

The Company’s condensed interim financial statements are prepared in accordance with U.S. GAAP, which requires the use of estimates, assumptions and the exercise of subjective judgment as to future uncertainties. Actual results could differ from those estimates, assumptions, and judgments. Significant items subject to such estimates will include determining the fair value of investments, revenue recognition, income tax uncertainties, stock-based compensation, and other contingencies.

The Company’s financial statements are prepared using the specialized accounting principles of ASC Topic 946. In accordance with this specialized accounting guidance, the Company recognizes and carries all of its investments at fair value with changes in fair value recognized in earnings. Additionally, the Company will not apply consolidation or equity method of accounting to its investments. The carrying amount of the Company’s financial instruments such as cash and payables approximates fair value due to the short maturity of such instruments. Net assets are calculated as the carrying amounts of assets, including the fair value of investments, less the carrying amounts of its liabilities.

(B) INVESTMENT TRANSACTIONS AND NET REALIZED AND UNREALIZED GAIN OR LOSS ON INVESTMENTS

The Company generates increases or decreases in its net assets from the sale of complete or partial investments following a merger or acquisition (“M&A”) transaction or restructuring or from the revaluation of portfolio company investments to recognize changes in their fair value, either upwards or downwards. As a minority early-stage investor, the Company does not have the ability to manage the timing or acceptance of liquidity events that will realize its investments, nor the ability to predict when they may happen, although as a general guideline, it would expect such events to occur approximately four to five years after its investments are made. The Company records the realized gains and losses from investment activities upon completion of sale and receipt of net proceeds, after deducting related transaction expenses. Realized gains or losses on the sale of investments, or upon the determination that an investment balance, or portion thereof, is not recoverable, are calculated using the specific identification method. The Company measures realized gains or losses by calculating the difference between the net proceeds from the repayment or sale and the cost basis of the investment. Net change in unrealized appreciation or depreciation reflects the change in the fair values of the Company’s portfolio investments during the reporting period, including any reversal of previously recorded unrealized appreciation or depreciation when gains or losses are realized. The Company is in periodic contact with the management of its portfolio investment companies to provide a basis for valuation changes. The Company does not expect to receive interest and principal repayments on its convertible notes and generally expects these notes to convert into equity securities upon completion of qualified subsequent financings. Accrued interest is recorded as an adjustment to the fair value of the convertible notes.

(C) INCOME TAXES

The Company accounts for income taxes under the Financial Accounting Standards Accounting Standard Codification Topic 740 “Accounting for Income Taxes” (“Topic 740”). Under Topic 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under Topic 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period, which includes the enactment date.

(D) USE OF ESTIMATES

In preparing financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the period presented. Actual results may differ from these estimates.

Significant estimates during the three months and six months ended September 30, 2021 and September 30, 2020 include the valuation of the investment portfolio, deferred tax assets, tax valuation allowance, stock options and warrants.

(E) CASH AND CASH EQUIVALENTS

The Company considers all highly liquid investments with original maturities of three months or less at the time of purchase to be cash equivalents. There were no cash equivalents at September 30, 2021 and March 31, 2021, respectively.

(F) CONCENTRATIONS

The Company maintains its cash in bank checking and deposit accounts, which, at times, may exceed federally insured limits. As of September 30, 2021, and March 31, 2021, the Company’s bank balance exceeded the federally insured limit by approximately $70,000 and $1.2 million, respectively. The Company has not experienced any losses in such accounts through September 30, 2021.

(G) STOCK-BASED COMPENSATION

Financial Accounting Standards Board Accounting Standards Codification Topic 718, “Stock Compensation” requires generally that all equity awards granted to employees and consultants be accounted for at fair value. This fair value is measured at grant date for stock settled awards, and at subsequent exercise or settlement for cash-settled awards. Under this method, the Company records an expense equal to the fair value of the options or warrants issued. The fair value is computed using the Black Scholes options pricing model. The Company granted consultants and advisors 490,000 and 510,000 options during the three months ended September 30, 2021 and September 30, 2020, and 740,000 and 510,000 options during the six months ended September 30, 2021 and September 30, 2020, respectively.

(H) NET EARNINGS PER COMMON SHARE

In accordance with Statement of Financial Accounting Standards Accounting Standard Codification Topic 260, “Earnings per Share”, basic earnings per common share is computed by dividing the net income less preferred dividends for the period by the weighted average number of common shares outstanding. Diluted earnings per common share is computed by dividing net income less preferred dividends by the weighted average number of common shares outstanding including the effect of common stock equivalents consisting of preferred stock, stock options and warrants. The following table sets out the number of shares used in calculating fully- diluted earnings per common share using the if-converted method.

Weighted Average method

Number of shares used in calculating fully- diluted earnings per common shares

	Three months ended September 30, 2021		Six months ended September 30, 2021
Common Stock		13,271,996		13,269,764
Common stock subscribed not issued		-		-
Series A preferred stock		4,200,000		4,200,000
Series B preferred stock		5,307,240		4,361,525
Options		2,962,792		2,835,262
Warrants		1,596,667		1,596,667
Total shares used in calculating fully-diluted earnings per common share		27,338,695		26,263,218

	Three months ended September 30, 2020		Six months ended September 30, 2020
Common Stock issued		5,836,832		5,836,832
Series A preferred stock		4,200,000		4,200,000
Series B preferred stock		1,830,208		1,250,595
Options		1,920,000		1,571,429
Warrants		4,200,000		4,200,000
Total shares used in calculating fully-diluted earnings per common share		17,987,040		17,058,856

(I ) INVESTMENT AND VALUATION OF INVESTMENT AT FAIR VALUE

The Company reviews the performance of its investments based on available information, including management reports, press releases, web site announcements and progress reports, third party equity updates, management interviews and, where accessible, financial reports, to determine their fair values. In the event that management considers the fair value of an investment to be greater or less than the current book value, the difference will be reflected as unrealized gains or losses in investments in the statements of operations.

The Company adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures”, for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied to existing U.S. GAAP that require the use of fair value measurements which establishes a framework for measuring fair value and expands disclosure about such fair value measurements.

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Fair value is an exchange price notion under which fair value is the price in an orderly transaction between market participants to sell an asset or transfer a liability in the market in which the reporting entity would transact for the asset or liability.

The Company has established procedures to estimate the fair value of its investments which the Company’s board of directors has reviewed and approved. The Company uses observable market data to estimate the fair value of investments to the extent that market data is available. In the absence of quoted market prices in active markets, or quoted market prices for similar assets or in markets that are not active, the Company uses the valuation methodologies described below with unobservable data based on the best available information in the circumstances, which incorporates the Company’s assumptions about the factors that a market participant would use to value the asset.

For investments for which quoted market prices are not available, which comprise most of our investment portfolio, fair value is estimated by using the income, market, or back-solve approach. The income approach is based on the assumption that value is created by the expectation of future benefits discounted to a current value and the fair value estimate is the amount an investor would be willing to pay to receive those future benefits. The market approach compares recent comparable transactions to the investment. The back solve method involves comparing available data over a period of time and inferring a new valuation based on changes from a known starting point, for example the cost of an investment. Adjustments are made for any dissimilarity between the comparable transactions and the investments. These valuation methodologies involve a significant degree of judgment on the part of our management and board.

In determining the appropriate fair value of an investment using these approaches, the most significant information and assumptions may include, as applicable: available current market data, including relevant and applicable comparable market transactions, applicable market yields and multiples, security covenants, call protection provisions, information rights, the nature and realizable value of any collateral, the investment’s ability to make payments, its earnings and discounted cash flows, the markets in which the company does business, comparisons of financial ratios of peer companies that are public, merger and acquisition comparables, the principal market and enterprise values, environmental factors, subsequent financings by the portfolio investment, among other factors.

The estimated fair values do not necessarily represent the amounts that may be ultimately realized due to the occurrence or nonoccurrence of future circumstances that cannot be reasonably determined. Because of the inherent uncertainty of the valuation of the investments, the estimate of fair values may differ significantly from the value that would have been used had a broader market for the investments existed.

The authoritative accounting guidance prioritizes the use of market-based inputs over entity-specific inputs and establishes a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation. The three levels of valuation hierarchy are defined as follows:

Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities

Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data

Level 3: Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions. Most of the Company’s investments are Level 3.

Critical accounting policies and practices are the policies that are both most important to the portrayal of the Company’s financial condition and results, and require management’s most difficult, subjective, or complex judgments, often as a result of the need to make estimates about matters that are inherently uncertain. These include estimates of the fair value of Level 3 investments and other estimates that affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements and the reported amounts of certain revenues and expenses during the reporting period. It is likely that changes in these estimates will occur in the near term. The Company’s estimates are inherently subjective in nature and actual results could differ materially from such estimates. See “Note 1 – Significant Accounting Policies” to our financial statements as of March 31, 2021, as filed with the SEC on August 10, 2021, for further detail regarding our critical accounting policies and recently issued or adopted accounting pronouncements.

(J) RECENT ACCOUNTING PRONOUNCEMENTS

Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.

(K) OTHER CURRENT ASSETS

Other current assets principally include deferred offering costs. Since April 2019, the Company has conducted a series of sales of common and preferred stock to fund its ongoing investment program and cost of operations. Typically, it expects that raising capital through the sale of any series of securities, from start to finish, may take from six to nine months and in order to match the cost and benefits of this process, the Company adopted a policy of capitalizing direct expenses incurred in the course of raising capital, with the intention of netting accumulated expenses against proceeds from sale of equity, and reporting the net funds raised at the close. Direct expenses include legal fees, investor relations fees, investor roadshows and meeting expenses, and related filing and printing fees. At September 30, 2021 and March 31, 2021, the Company had deferred $230,434 and $169,891, respectively, of such expenses, relating to the preparation and filing of an N-2 Registration Statement.

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COMMITMENTS AND CONTINGENCIES

6 Months Ended

Sep. 30, 2021

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 3 – COMMITMENTS AND CONTINGENCIES

The Company has no commitments or contingencies as of the date of this filing. The Company may be subject to litigation during the normal course of business but has not received any such claims to date.

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RELATED PARTY TRANSACTIONS

6 Months Ended

Sep. 30, 2021

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 4 - RELATED PARTY TRANSACTIONS

At September 30, 2021 and March 31, 2021, the Company had accrued and owed $87,000 and $51,420, respectively, to officers of the Company for deferred payroll and consulting service fees.

At September 30, 2021, officers or directors of the Company held board positions at four portfolio companies: Beam Semiconductor Inc., Trellis Bioscience Inc., Exodos Life Sciences LP, and Achelios Therapeutics Inc.

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INVESTMENTS

6 Months Ended

Sep. 30, 2021

Investments, All Other Investments [Abstract]

INVESTMENTS

NOTE 5 – INVESTMENTS

The following table summarizes the Company’s investment portfolio at September 30, 2021 and March 31, 2021.

	September 30, 2021				March 31, 2021
Number of portfolio companies		66				51
Fair value	$	10,442,813			$	6,821,407
Cost		7,904,636				5,686,545
% of portfolio at fair value
Convertible notes		3,801,833	36.4	%		2,553,954	37.4	%
Preferrred stock		4,538,653	43.5	%		3,129,458	45.9	%
Common stock		956,327	9.2	%		391,995	5.7	%
SAFE		575,000	5.5	%		325,000	4.8	%
Other ownership units		571,000	5.5	%		421,000	6.2	%
Total	$	10,442,813	100	%	$	6,821,407	100	%

A SAFE is a Simple Agreement for Future Equity in the form of a warrant to purchase equity stock in a future priced round.

Our investment portfolio represents approximately 96% of our net assets at September 30, 2021 and 98% at March 31, 2021. Investments in early-stage start-up private operating entities are valued based on available metrics, such as relevant market multiples and comparable company valuations, company specific-financial data including subsequent financings, actual and projected results, and independent third-party valuation estimates.

Significant Unobservable Inputs for Level 3 Assets and Liabilities

In accordance with FASB ASC 820, Fair Value Management, the tables below provide quantitative information about the Company’s fair value measurements of its Level 3 assets as of September 30, 2021 and March 31, 2021. In addition to the techniques and inputs noted in the tables above, according to the Company’s valuation policy, the Company may also use other valuation techniques and methodologies when determining the Company’s fair value measurements. The tables below are not meant to be all-inclusive, but rather provide information on the significant Level 3 inputs as they relate to the Company’s fair value measurements. To the extent an unobservable input is not reflected in the tables below, such input is deemed insignificant with respect to the Company’s Level 3 fair value measurements. Significant changes in the inputs in isolation would result in a significant change in the fair value measurement, depending on the materiality of the investment.

The following table summarizes the valuation techniques and significant unobservable inputs used for investments that are categorized within Level 3 of the fair value hierarchy as of September 30, 2021 and March 31, 2021:

	As of September 30, 2021
	Fair Value		Valuation Approach/ Technique	Unobservable Inputs	Range/ Weighted Average
Convertible notes: Basepaws Inc	$	201,663	Market approach based on indicative term sheet and last round of financing	As if converted note and Series A term sheet of $37.5 million	50:50 weight
Convertible notes: Promaxo Inc		183,876	Market approach based on available comparables and financial performance	Conversion prospects, market yield, remaining maturity	5% yield
Convertible notes: Other		3,416,294	Market approach based on available comparables and financial performance	Conversion prospects, market yield, remaining maturity	1-12% yield
Preferred stock in private companies” Shyft Moving Inc		269,820	Market approach based on indicative term sheet and last round of financing	50/50 weighting to prior A-3 preferred and indicated pre Series B price. Forecast revenue from investor deck and 75% percentile for public company peer valuation ratios	Based on Series B valuation of $80 million
Preferred stock in private companies: Seal Rock Therapeutics Inc		199,112	Market approach based on indicative term sheet and last round of financing	50/50 weighting to prior Series seed preferred and indicated Note price. 75% percentile for public company peer valuation ratios	Based on new Note indication of $80 million
Preferred stock in private companies: Femto DX Inc		290,046	Market approach based on indicative term sheet and last round of financing	50/50 weighting to prior Series B-2 preferred price and public market. 75% percentile for public company peer valuation ratios	Based on Series B valuation of $170 million
Preferred stock in private companies: Promaxo Inc		1,034,984	Market approach based on available comparables and financial performance	a) Last round of financing for series B-2 price, 118% change in enterprise value @75th percentile b) revenue multiples 2021 13.3X 2022 9.3x	0%-168.3% 0.6x - 27.7x 0.5x - 59.4x
Preferred stock in private companies: Other		2,744,691	Market approach based on available comparables and financial performance	Market approach based on available information from portfolio companies	Various
Common stock in private companies		325,000	Market approach based on available comparables and financial performance	Historic or projected revenue and/or EBITDA multiples discounted for lack of marketability	Various
SAFE		575,000	Market approach based on available comparables and financial performance	Precedent and follow-on transactions adjusted for marketability	Various
Other investments		571,000	Market approach based on available comparables and financial performance	Precedent and follow-on transactions adjusted for marketability	Various
Total Investments	$	9,811,486

	As of March 31, 2021
	Fair Value		Valuation Approach/ Technique	Unobservable Inputs	Range/ Weighted Average
Convertible notes: Kitotech Medical Inc	$	326,871	Market approach based on available comparables and financial performance	Market cap of $28.51 million a, Public company 75th percentile As if converted 2020 note	Range : $28.514 million
Convertible notes		2,227,083	Market approach based on available comparables and financial performance	Conversion prospects, market yield, remaining maturity	1-12% yield
Preferred stock in private companies: Femto DX Inc		159,835	Market approach based on available comparables and financial performance	Based on Series B financing and public company peer multiples using 50:50 percentile	Market value of invested capital $58.66 million
Preferred stock in private companies: Neuroflow Inc		437,495	Market approach based on available comparables and financial performance	Based on Series Seed 2 and last round of financing - Series B	Market value of invested capital $57.98 million
Preferred stock in private companies: other		2,532,128	Market approach based on available comparables and financial performance	Market approach based on available information from portfolio companies	Various
Common stock in private companies		300,000	Market approach based on available comparables and financial performance	Historic or projected revenue and/or EBITDA multiples	Various
SAFE		325,000	Market approach based on available comparables and financial performance	Precedent and follow-on transactions adjusted for marketability	Various
Other investments		421,000	Market approach based on available comparables and financial performance	Precedent and follow-on transactions adjusted for marketability	Various
Total Investments	$	6,729,412

The following table presents fair value measurements of investments, by major class, as of September 30, 2021, and March 31, 2021, according to the fair value hierarchy:

	As of September 30, 2021
	Quoted prices in active markets for identical securities		Significant other observable inputs		Significant unobservable inputs
Description	(Level 1)		(Level 2)		(Level 3)		Total
Investments at Fair Value
Private Portfolio Companies
Convertible notes	$	-	$	-	$	3,801,833	$	3,801,833
Preferred stock		-		-		4,538,653		4,538,653
Common stock		-		-		325,000		325,000
SAFEs		-		-		575,000		575,000
Other ownership interests		-		-		571,000		571,000
		-		-		9,811,486		9,811,486
Public Portfolio Companies
Common stock		631,327		-		-		631,327
Total Investments at Fair value	$	631,327	$	-	$	9,811,486	$	10,442,813

	As of March 31, 2021
Description	Level 1		Level 2		Level 3		Total
March 31, 2021
Investments at Fair Value
Private Portfolio Companies
Convertible notes	$	-	$	-	$	2,553,954	$	2,553,954
Preferred stock		-		-		3,129,458		3,129,458
Common stock		-		-		300,000		300,000
SAFEs		-		-		325,000		325,000
Other ownership interests		-		-		421,000		421,000
		-		-		6,729,412		6,729,412
Public Portfolio Companies
Common stock		91,995		-		-		91,995
Total Investments at Fair value	$	91,995	$	-	$	6,729,412	$	6,821,407

As of September 30, 2021, and March 31, 2021, all our investments were treated as Level 3 with the exception of two which are invested in common stock of a public company and treated as Level 1.

We focus on making our investments in the United States, Canada, and Israel. All investments are made and reported in U.S. dollars. Assets that are denominated in foreign currencies are translated into U.S. dollars at closing rates of exchange on the date of valuation. Transactions during the year are translated at the rate of exchange prevailing on the date of the transaction. The Company does not isolate that portion of results of operations resulting from the changes in foreign exchange rates on securities from fluctuations resulting from changes in market prices of such securities. Such foreign currency translation gains and losses are included in the net realized gains or losses from investments and net changes in unrealized gain or losses from investments on the statement of operations.

	America		Canada		Rest of World		Total
Fair value beginning of year March 31, 2021	$	5,486,011	$	907,560	$	427,836	$	6,821,407
New investments		1,668,091		200,000		350,000		2,218,091
Proceeds from sale of investments		-		-		-		-
Realized gains		-		-		-		-
Net change in unrealized gains included in condensed Statements of Operations		1,360,028		29,556		13,731		1,403,315
Fair value end of six months September 30, 2021	$	8,514,130	$	1,137,116	$	791,567	$	10,442,813
Changes in unrealized gains or losses for the period included in Condensed Statement of Operations for assets held at the end of the reporting period.							$	1,403,315

	America		Canada		Rest of World		Total
Fair value beginning of year March 31, 2020	$	2,170,499	$	245,000	$	250,000	$	2,665,499
New investments		540,000		150,000		50,000		740,000
Proceeds from sale of investments		-		-		-		-
Realized gains		-		-		-		-
Net change in unrealized gains included in condensed Statements of Operations		438,953		21,947		17,348		478,248
Fair value end of six months September 30, 2020	$	3,149,452	$	416,947	$	317,348	$	3,883,747
Changes in unrealized gains or losses for the period included in Condensed Statement of Operations for assets held at the end of the reporting period.							$	478,248

Working on the experience of our technical advisors, we limit our investments to fintech, technology, and life sciences.

	Fintech		Technology		Life science		Total
Fair value beginning of year March 31, 2021	$	126,030	$	1,394,318	$	5,301,059	$	6,821,407
New investments		-		590,600		1,627,491		2,218,091
Proceeds from sale of investments		-		-		-		-
Realized gains		-		-		-		-
Net change in unrealized gains included in condensed Statements of Operations		-		45,531		1,357,784		1,403,315
Fair value end of six months September 30, 2021	$	126,030	$	2,030,449	$	8,286,334	$	10,442,813
Changes in unrealized gains or losses for the period included in Condensed Statement of Operations for assets held at the end of the reporting period.							$	1,403,315

	Fintech		Technology		Life science		Total
Fair value beginning of year March 31, 2020	$	101,500	$	685,002	$	1,878,997	$	2,665,499
New investments		-		-		740,000		740,000
Proceeds from sale of investments		-		-		-		-
Realized gains		-		-		-		-
Net change in unrealized gains included in condensed Statements of Operations		24,530		37,769		415,949		478,248
Fair value end of six months September 30, 2020	$	126,030	$	722,771	$	3,034,946	$	3,883,747
Changes in unrealized gains or losses for the period included in Condensed Statement of Operations for assets held at the end of the reporting period.							$	478,248

We invest in early-stage private companies developing products or solutions in the fields of fintech, technology and life sciences. Typically, we are investing in interest bearing notes that may be convertible into equity securities upon the completion of qualified subsequent financings, preferred stock, SAFEs or other forms of ownership. Typically notes carry a two-year term and are then rolled over for additional periods if no other maturity triggers have been achieved. If a convertible note investment were, in our judgment, to become impaired, we would reverse the accrued interest and adjust the valuation to reflect management’s assessment of fair value. If a convertible note investment exceeds its maturity date we would request the portfolio company to document an extension, as well as consider whether the overdue note, along with all other available performance data and management reviews lead us to consider whether there should be an adjustment in fair value of the investment. There were no transfers into or out of Level 3 during the three and six months ended September 30, 2021 and September 30, 2020.

	Convertible notes		Preferred stock		Common stock		SAFEs		Other ownership interests		Total
Fair value March 31, 2021	$	2,553,954	$	3,129,458	$	391,995	$	325,000	$	421,000	$	6,821,407
Conversions into preferred stock		-		-		-		-		-		-
New investments		1,027,491		600,000		190,600		250,000		150,000		2,218,091
Proceeds from sale of investments		-		-		-		-		-		-
Realized gains		-		-		-		-		-		-
Unrealized gains included in condensed Statements of Operations		220,388		809,195		373,732		-		-		1,403,315
Fair value September 30, 2021	$	3,801,833	$	4,538,653	$	956,327	$	575,000	$	571,000	$	10,442,813

	Convertible notes			Preferred stock		Common stock			SAFEs			Other ownership interests		Total
Fair value March 31, 2020	$	1,528,002		$	701,497	$	126,500		$	73,500		$	236,000	$	2,665,499
Conversions into preferred stock		(597,984	)		678,313		-			(80,329	)		-		-
New investments		100,000			440,000		100,000			-			100,000		740,000
Proceeds from sale of investments		-			-		-			-			-		-
Realized gains		-			-		-			-			-		-
Unrealized gains included in condensed Statements of Operations		178,986			279,433		(62,000	)		81,829			-		478,248
Fair value September 30, 2020	$	1,209,004		$	2,099,243	$	164,500		$	75,000		$	336,000	$	3,883,747

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EQUITY

6 Months Ended

Sep. 30, 2021

Equity [Abstract]

EQUITY

NOTE 6– EQUITY

(A) PREFERRED STOCK

Series A

The Company has sold 4,200,000 Series A Stock Units (“Units”) consisting of one share of Series A Preferred Stock and one warrant to purchase a share of Common Stock at $0.80 per share. The Units were sold in a private placement to accredited investors. The Series A Preferred Stock will be converted into shares of Common Stock upon listing of the Company on Nasdaq or NYSE. In the event of any liquidation or winding up of the Company, the holders of the Series A shall be entitled to receive in preference to the holders of shares of Common Stock a per share amount equal to two times (2 X) their original purchase price plus any declared but unpaid dividends (the Liquidation Preference). All share issuances and obligations are recognized on the books and stock register.

On March 2, 2021, in preparation for an intended IPO, the Company made an offer to all its preferred shareholders to protect them against the possibility that the IPO price might be less than their preferred stock price. Accordingly, Series A-1 and Series A-2 Preferred Stock were created, and the holders of Series A Preferred Stock were granted an opportunity to purchase shares of Common Stock at $0.40 per share. If shareholders purchased at least $6,000 of Common Stock, their shares of Series A Preferred Stock were exchanged for Series A-1 which is guaranteed to convert into shares of Common Stock at the same price as the IPO price, and if shareholders purchased a pro-rated amount of Common Stock their Series A Preferred Stock were exchanged for Series A-2 Preferred Stock which in turn is convertible into shares of Common Stock at a discount of 10% to the IPO price. In all other respects the Series A-1 and Series A-2 Preferred Stock has the same rights and obligations as the Series A Preferred Stock. As of September 30, 2021, 1,437,500 shares of Series A Preferred Stock had been exchanged for Series A-1 Preferred Stock, and 2,212,500 shares of Series A Preferred Stock had been exchanged for Series A-2 Preferred Stock, respectively, leaving outstanding 550,000 shares of Series A Preferred Stock (“Series A”) designated at a par value of $0.01 per share.

Series B

There were also 6,000,000 shares of Series B Preferred Stock (“Series B”) authorized designated at a par value of $0.01 per share. The Series B can be converted into shares of Common Stock upon listing of the Company on Nasdaq. In the event of any liquidation or winding up of the Company, the holders of the Series B shall be entitled to receive in preference to the holders of Common Shares and Series A Preferred Stock, a per share amount equal to two times (2 X) their original purchase price plus any declared but unpaid dividends (the Liquidation Preference). The holders of Series B shall be entitled to receive out of any funds of the Corporation at a time legally available for the declaration of dividends, dividends at a cumulative rate of 10% under such terms and conditions as the Board shall prescribe, provided, however, that in the event dividends shall be declared, dividends on issued and outstanding Series B shall be payable before any dividends shall be declared or paid upon or set apart for the Common Stock.

On March 2, 2021, in preparation for an intended future IPO, the Company made an offer to all its preferred shareholders to protect them against the possibility that the IPO price might be less than their preferred stock price. Accordingly, Series B-1 and Series B-2 Preferred Stock (“Series B-1” and “Series B-2”, respectively) were created, and the holders of the Series B were granted an opportunity to purchase shares of Common Stock at $0.40 per share. If shareholders purchased at least $6,000 of Common Stock, their Series B were exchanged for Series B-1 which is guaranteed to convert into shares of Common Stock at the same price as the IPO price, and if shareholders purchased a pro-rated amount of Common Stock their Series B were exchanged for Series B-2 which converts into shares of Common Stock at a discount of 10% to the IPO price. In all other respects, the Series B-1 and Series B-2 have the same rights and obligations as the Series B. At September 30, 2021, 1,166,406 shares of Series B had been exchanged for Series B-1, and 2,176,250 shares of Series B had been exchanged for Series B-2, respectively, leaving outstanding 286,250 shares of Series B. During the three and six months ended September 30, 2021, the Company sold 1,591,250 and 2,282,500 shares of Series B-1 Preferred Stock for $1,273,000 and $1,826,001, respectively.

As of September 30, 2021, the Company authorized an additional 3,000,000 shares of Series B stock designated as Series B-3 Preferred (“Series B-3”) bringing Series B to a total of 9,000,000 authorized shares with a par value of $0.01 per share. The Certificate of Designation of the Series B-3 shares was filed with the Delaware Secretary of State on October 5, 2021. The Series B-3 will be offered for $0.80 per share and accrue a cumulative dividend of 10% per annum. The remaining terms and conditions are substantially the same as for all other Series B shares, including mandatory conversion upon a majority vote of the Series B-3 shareholders, closing of a qualified financing of at least $10 million, or listing on a public stock exchange.

B) COMMON STOCK

The Company has authorized 40,000,000 shares of common stock at a par value of $0.01 per share. As of September 30, 2021, and March 31, 2021 a total of 13,287,621 and 9,983,082 shares of the Company’s common stock were issued and outstanding, respectively.

During the three and six months ended September 30, 2021, in connection with the amendment of Preferred Stock rights described in A above, the Company sold 3,285,789 shares of Common Stock for $1,314,317 of which $1,191,442 was received and accrued as subscription liability at March 31, 2021.

During each of the three and six months ended September 30, 2021, the Company issued 18,750 shares of Common Stock for $618, respectively, in connection with the exercise of stock options.

C) STOCK OPTIONS

In April 2018, the Board approved the introduction of the Kyto Technology and Life Science, Inc. Incentive Stock Option Plan (“the 2018 Plan”) reserving 2,697,085 shares for issuance to employees, consultants and directors, with the objective of securing the benefit of services for stock options rather than cash salaries.

In July 2019, the Board approved the introduction of the Kyto Technology and Life Science 2019 Stock Option and Incentive Plan (“2019 Plan”), and reserved 2 million shares for issuance to directors, officers, consultants and advisors. Options granted under the 2019 Plan expire May 21, 2029.

In December 2020, the Board approved the introduction of the Kyto Technology and Life Science 2020 Non Qualified Stock Option Plan (“2020 Plan”), and reserved 2 million shares for issuance to directors, officers, consultants and advisors. Options granted under the 2020 Plan expire December 16, 2030.

During the three months ended September 30, 2021, and September 30, 2020, the Company issued a total of 490,000 and 510,000 non-qualified stock options, respectively, to consultants and advisors vesting over terms of two years. During the corresponding six months ended September 30, 2021, and September 30, 2020, the Company issued a total of 740,000 and 630,000 non-qualified stock options, respectively.

	Number of options granted			Weighted average exercise price			Weighted average remaining life years
Outstanding March 31, 2021		2,634,250		$	0.05			8.13
Granted		740,000			0.07			9.42
Exercised		(18,750	)		(0.03	)		-
Cancelled		-			-			-
Outstanding September 30, 2021		3,355,500		$	0.06			8.63
Exercisable September 30, 2021		2,085,041		$	0.04			8.90

In connection with the grant of stock options the Company recognizes the value of the related option expense using the Black Scholes model, with appropriate assumptions for option life, stock value, risk free interest rate, volatility, and cancellations.

	September 30, 2021			March 31, 2021
Stock Price at grant date	$	0.07		$	0.033 - $ 0.078
Exercise Price	$	0.07		$	0.033 - $ 0.078
Term in Years		0 - 2.00			0 - 2.00
Volatility assumed		196	%		71% - 196	%
Annual dividend rate		0.0	%		0.0	%
Risk free discount rate		0.12	%		0.12% - 2.0	%

The compensation expense calculated at time of grant is recognized over the vesting period for the options granted. During the three and six months ended September 30, 2021 the Company recognized $10,897 and $21,454, respectively, as stock-based compensation expense. For the corresponding three and six months ended September 30, 2020, the Company recognized $12,805 and $13,851, respectively.

The intrinsic value of outstanding options at September 30, 2021 was $62,580, and $56,987 of the option expense upon grant remained unrecognized at September 30, 2021 with a remaining vesting period of 1.44 years.

D) WARRANTS

In conjunction with the sale of Series A Stock Units, the Company issued 4,200,000 warrants to purchase common stock at a price of $1.20 per share for a period of three years. The Company did not bifurcate the value of the warrants as the fair value of the warrant was determined to be de minimis. The Company has not issued any warrants since September, 2019. At September 30, 2021 and March 31, 2021 the fair value of the warrants was de minimis.

	Number of warrants			Weighted average exercise price		Weighted average remaining life in years
Outstanding March 31, 2020		4,200,000		$	1.20		2.9
Granted		-			-		-
Exercised		(2,603,333	)	$	1.20		-
Cancelled		-			-		-
Outstanding September 30, 2020		1,596,667		$	1.20		1.4
Exercisable March 31, 2020		4,200,000		$	1.20		2.9
Exercisable September 30, 2020		1,596,667		$	1.20		1.4

	Number  of warrants		Weighted average exercise price		Weighted average remaining life in years
Outstanding March 31, 2021		1,596,667	$	1.20		1.4
Granted		-				-
Exercised		-				-
Cancelled		-				-
Outstanding September 30, 2021		1,596,667	$	1.20		1.1
Exercisable March 31, 2021		1,596,667	$	1.20		1.4
Exercisable September 30, 2021		1,596,667	$	1.20		1.1

The Company values the warrants using the Black Scholes model, with appropriate assumptions for warrant life, stock value, risk free interest rate, and volatility. The assumptions used for warrant valuation were as follows:

Stock Price at grant date	$	0.006
Exercise Price	$	1.200
Term in Years		3.00
Volatility assumed		73	%
Annual dividend rate		0.0	%
Risk free discount rate		1.79	%

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FINANCIAL HIGHLIGHTS

6 Months Ended

Sep. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

FINANCIAL HIGHLIGHTS

NOTE 7 – FINANCIAL HIGHLIGHTS

Per share data ( a)	Three months ended			Three months ended			Six months ended			Six months ended
	September 30, 2021			September 30, 2020			September 30, 2021			September 30, 2020
Net asset value	$	0.82		$	0.72		$	0.82		$	0.72
Net investment loss	$	(0.03	)	$	(0.03	)	$	(0.06	)	$	(0.03	)
Net unrealized gain on investments	$	0.10		$	0.05		$	0.11		$	0.08
Net increase  in net assets	$	0.08		$	0.05		$	0.05		$	0.05
Ratios and Supplemental Data
Net assets, end of period	$	10,817,894		$	4,230,731		$	10,817,894		$	4,230,731
Weighted average common shares outstanding, end of period		13,271,996			5,836,832			13,269,764			5,836,832
Total operating expenses/net assets		3.3	%		3.8	%		6.8	%		4.7	%
Net investment loss/net assets		3.3	%		3.8	%		6.8	%		4.7	%
Total return		9.2	%		7.5	%		6.1	%		6.6	%

(a) Per share data is based on the weighted average number of common shares outstanding at the end of the period.

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SUBSEQUENT EVENTS

6 Months Ended

Sep. 30, 2021

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 8 - SUBSEQUENT EVENTS

On October 5, 2021, the Company filed a Form 8-K announcing the Designation of 3,000,000 million shares of B-3 Preferred Stock. As of November 13, 2021, the Company has sold $546,000 of shares of Series B-3 Preferred Stock and invested $300,000 in three follow-on investments.

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BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)

6 Months Ended

Sep. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

BASIS OF PRESENTATION

(A) BASIS OF PRESENTATION

The accompanying unaudited condensed financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, these unaudited condensed financial statements do not include all of the information and disclosures required by U.S. GAAP for complete financial statements. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments (consisting only of normal recurring adjustments), which the Company considers necessary, for a fair presentation of those financial statements. The results of operations and cash flows for the three months and six months ended September 30, 2021 may not necessarily be indicative of results that may be expected for any succeeding quarter or for the entire fiscal year. The condensed balance sheet as of March 31, 2021 was derived from the audited financial statements at that date, but does not include all the information and footnotes required by U.S. GAAP. The information contained in this Quarterly Report on Form 10-Q should be read in conjunction with the audited financial statements of the Company for the year ended March 31, 2021, included in the Annual Report on Form 10-K as filed with the Securities and Exchange Commission (the “SEC”) on August 10, 2021.

The Company’s condensed interim financial statements are prepared in accordance with U.S. GAAP, which requires the use of estimates, assumptions and the exercise of subjective judgment as to future uncertainties. Actual results could differ from those estimates, assumptions, and judgments. Significant items subject to such estimates will include determining the fair value of investments, revenue recognition, income tax uncertainties, stock-based compensation, and other contingencies.

The Company’s financial statements are prepared using the specialized accounting principles of ASC Topic 946. In accordance with this specialized accounting guidance, the Company recognizes and carries all of its investments at fair value with changes in fair value recognized in earnings. Additionally, the Company will not apply consolidation or equity method of accounting to its investments. The carrying amount of the Company’s financial instruments such as cash and payables approximates fair value due to the short maturity of such instruments. Net assets are calculated as the carrying amounts of assets, including the fair value of investments, less the carrying amounts of its liabilities.

INVESTMENT TRANSACTIONS AND NET REALIZED AND UNREALIZED GAIN OR LOSS ON INVESTMENTS

(B) INVESTMENT TRANSACTIONS AND NET REALIZED AND UNREALIZED GAIN OR LOSS ON INVESTMENTS

The Company generates increases or decreases in its net assets from the sale of complete or partial investments following a merger or acquisition (“M&A”) transaction or restructuring or from the revaluation of portfolio company investments to recognize changes in their fair value, either upwards or downwards. As a minority early-stage investor, the Company does not have the ability to manage the timing or acceptance of liquidity events that will realize its investments, nor the ability to predict when they may happen, although as a general guideline, it would expect such events to occur approximately four to five years after its investments are made. The Company records the realized gains and losses from investment activities upon completion of sale and receipt of net proceeds, after deducting related transaction expenses. Realized gains or losses on the sale of investments, or upon the determination that an investment balance, or portion thereof, is not recoverable, are calculated using the specific identification method. The Company measures realized gains or losses by calculating the difference between the net proceeds from the repayment or sale and the cost basis of the investment. Net change in unrealized appreciation or depreciation reflects the change in the fair values of the Company’s portfolio investments during the reporting period, including any reversal of previously recorded unrealized appreciation or depreciation when gains or losses are realized. The Company is in periodic contact with the management of its portfolio investment companies to provide a basis for valuation changes. The Company does not expect to receive interest and principal repayments on its convertible notes and generally expects these notes to convert into equity securities upon completion of qualified subsequent financings. Accrued interest is recorded as an adjustment to the fair value of the convertible notes.

INCOME TAXES

(C) INCOME TAXES

The Company accounts for income taxes under the Financial Accounting Standards Accounting Standard Codification Topic 740 “Accounting for Income Taxes” (“Topic 740”). Under Topic 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under Topic 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period, which includes the enactment date.

USE OF ESTIMATES

(D) USE OF ESTIMATES

In preparing financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the period presented. Actual results may differ from these estimates.

Significant estimates during the three months and six months ended September 30, 2021 and September 30, 2020 include the valuation of the investment portfolio, deferred tax assets, tax valuation allowance, stock options and warrants.

CASH AND CASH EQUIVALENTS

(E) CASH AND CASH EQUIVALENTS

The Company considers all highly liquid investments with original maturities of three months or less at the time of purchase to be cash equivalents. There were no cash equivalents at September 30, 2021 and March 31, 2021, respectively.

CONCENTRATIONS

(F) CONCENTRATIONS

The Company maintains its cash in bank checking and deposit accounts, which, at times, may exceed federally insured limits. As of September 30, 2021, and March 31, 2021, the Company’s bank balance exceeded the federally insured limit by approximately $70,000 and $1.2 million, respectively. The Company has not experienced any losses in such accounts through September 30, 2021.

STOCK-BASED COMPENSATION

(G) STOCK-BASED COMPENSATION

Financial Accounting Standards Board Accounting Standards Codification Topic 718, “Stock Compensation” requires generally that all equity awards granted to employees and consultants be accounted for at fair value. This fair value is measured at grant date for stock settled awards, and at subsequent exercise or settlement for cash-settled awards. Under this method, the Company records an expense equal to the fair value of the options or warrants issued. The fair value is computed using the Black Scholes options pricing model. The Company granted consultants and advisors 490,000 and 510,000 options during the three months ended September 30, 2021 and September 30, 2020, and 740,000 and 510,000 options during the six months ended September 30, 2021 and September 30, 2020, respectively.

NET EARNINGS PER COMMON SHARE

(H) NET EARNINGS PER COMMON SHARE

In accordance with Statement of Financial Accounting Standards Accounting Standard Codification Topic 260, “Earnings per Share”, basic earnings per common share is computed by dividing the net income less preferred dividends for the period by the weighted average number of common shares outstanding. Diluted earnings per common share is computed by dividing net income less preferred dividends by the weighted average number of common shares outstanding including the effect of common stock equivalents consisting of preferred stock, stock options and warrants. The following table sets out the number of shares used in calculating fully- diluted earnings per common share using the if-converted method.

Weighted Average method

Number of shares used in calculating fully- diluted earnings per common shares

	Three months ended September 30, 2021		Six months ended September 30, 2021
Common Stock		13,271,996		13,269,764
Common stock subscribed not issued		-		-
Series A preferred stock		4,200,000		4,200,000
Series B preferred stock		5,307,240		4,361,525
Options		2,962,792		2,835,262
Warrants		1,596,667		1,596,667
Total shares used in calculating fully-diluted earnings per common share		27,338,695		26,263,218

	Three months ended September 30, 2020		Six months ended September 30, 2020
Common Stock issued		5,836,832		5,836,832
Series A preferred stock		4,200,000		4,200,000
Series B preferred stock		1,830,208		1,250,595
Options		1,920,000		1,571,429
Warrants		4,200,000		4,200,000
Total shares used in calculating fully-diluted earnings per common share		17,987,040		17,058,856

INVESTMENT AND VALUATION OF INVESTMENT AT FAIR VALUE

(I ) INVESTMENT AND VALUATION OF INVESTMENT AT FAIR VALUE

The Company reviews the performance of its investments based on available information, including management reports, press releases, web site announcements and progress reports, third party equity updates, management interviews and, where accessible, financial reports, to determine their fair values. In the event that management considers the fair value of an investment to be greater or less than the current book value, the difference will be reflected as unrealized gains or losses in investments in the statements of operations.

The Company adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures”, for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied to existing U.S. GAAP that require the use of fair value measurements which establishes a framework for measuring fair value and expands disclosure about such fair value measurements.

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Fair value is an exchange price notion under which fair value is the price in an orderly transaction between market participants to sell an asset or transfer a liability in the market in which the reporting entity would transact for the asset or liability.

The Company has established procedures to estimate the fair value of its investments which the Company’s board of directors has reviewed and approved. The Company uses observable market data to estimate the fair value of investments to the extent that market data is available. In the absence of quoted market prices in active markets, or quoted market prices for similar assets or in markets that are not active, the Company uses the valuation methodologies described below with unobservable data based on the best available information in the circumstances, which incorporates the Company’s assumptions about the factors that a market participant would use to value the asset.

For investments for which quoted market prices are not available, which comprise most of our investment portfolio, fair value is estimated by using the income, market, or back-solve approach. The income approach is based on the assumption that value is created by the expectation of future benefits discounted to a current value and the fair value estimate is the amount an investor would be willing to pay to receive those future benefits. The market approach compares recent comparable transactions to the investment. The back solve method involves comparing available data over a period of time and inferring a new valuation based on changes from a known starting point, for example the cost of an investment. Adjustments are made for any dissimilarity between the comparable transactions and the investments. These valuation methodologies involve a significant degree of judgment on the part of our management and board.

In determining the appropriate fair value of an investment using these approaches, the most significant information and assumptions may include, as applicable: available current market data, including relevant and applicable comparable market transactions, applicable market yields and multiples, security covenants, call protection provisions, information rights, the nature and realizable value of any collateral, the investment’s ability to make payments, its earnings and discounted cash flows, the markets in which the company does business, comparisons of financial ratios of peer companies that are public, merger and acquisition comparables, the principal market and enterprise values, environmental factors, subsequent financings by the portfolio investment, among other factors.

The estimated fair values do not necessarily represent the amounts that may be ultimately realized due to the occurrence or nonoccurrence of future circumstances that cannot be reasonably determined. Because of the inherent uncertainty of the valuation of the investments, the estimate of fair values may differ significantly from the value that would have been used had a broader market for the investments existed.

The authoritative accounting guidance prioritizes the use of market-based inputs over entity-specific inputs and establishes a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation. The three levels of valuation hierarchy are defined as follows:

Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities

Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data

Level 3: Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions. Most of the Company’s investments are Level 3.

Critical accounting policies and practices are the policies that are both most important to the portrayal of the Company’s financial condition and results, and require management’s most difficult, subjective, or complex judgments, often as a result of the need to make estimates about matters that are inherently uncertain. These include estimates of the fair value of Level 3 investments and other estimates that affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements and the reported amounts of certain revenues and expenses during the reporting period. It is likely that changes in these estimates will occur in the near term. The Company’s estimates are inherently subjective in nature and actual results could differ materially from such estimates. See “Note 1 – Significant Accounting Policies” to our financial statements as of March 31, 2021, as filed with the SEC on August 10, 2021, for further detail regarding our critical accounting policies and recently issued or adopted accounting pronouncements.

RECENT ACCOUNTING PRONOUNCEMENTS

(J) RECENT ACCOUNTING PRONOUNCEMENTS

Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.

OTHER CURRENT ASSETS

(K) OTHER CURRENT ASSETS

Other current assets principally include deferred offering costs. Since April 2019, the Company has conducted a series of sales of common and preferred stock to fund its ongoing investment program and cost of operations. Typically, it expects that raising capital through the sale of any series of securities, from start to finish, may take from six to nine months and in order to match the cost and benefits of this process, the Company adopted a policy of capitalizing direct expenses incurred in the course of raising capital, with the intention of netting accumulated expenses against proceeds from sale of equity, and reporting the net funds raised at the close. Direct expenses include legal fees, investor relations fees, investor roadshows and meeting expenses, and related filing and printing fees. At September 30, 2021 and March 31, 2021, the Company had deferred $230,434 and $169,891, respectively, of such expenses, relating to the preparation and filing of an N-2 Registration Statement.

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BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Sep. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SCHEDULE OF EARNINGS PER SHARE

Number of shares used in calculating fully- diluted earnings per common shares

	Three months ended September 30, 2021		Six months ended September 30, 2021
Common Stock		13,271,996		13,269,764
Common stock subscribed not issued		-		-
Series A preferred stock		4,200,000		4,200,000
Series B preferred stock		5,307,240		4,361,525
Options		2,962,792		2,835,262
Warrants		1,596,667		1,596,667
Total shares used in calculating fully-diluted earnings per common share		27,338,695		26,263,218

	Three months ended September 30, 2020		Six months ended September 30, 2020
Common Stock issued		5,836,832		5,836,832
Series A preferred stock		4,200,000		4,200,000
Series B preferred stock		1,830,208		1,250,595
Options		1,920,000		1,571,429
Warrants		4,200,000		4,200,000
Total shares used in calculating fully-diluted earnings per common share		17,987,040		17,058,856

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INVESTMENTS (Tables)

6 Months Ended

Sep. 30, 2021

Investments, All Other Investments [Abstract]

SUMMARY OF INVESTMENT PORTFOLIO

The following table summarizes the Company’s investment portfolio at September 30, 2021 and March 31, 2021.

	September 30, 2021				March 31, 2021
Number of portfolio companies		66				51
Fair value	$	10,442,813			$	6,821,407
Cost		7,904,636				5,686,545
% of portfolio at fair value
Convertible notes		3,801,833	36.4	%		2,553,954	37.4	%
Preferrred stock		4,538,653	43.5	%		3,129,458	45.9	%
Common stock		956,327	9.2	%		391,995	5.7	%
SAFE		575,000	5.5	%		325,000	4.8	%
Other ownership units		571,000	5.5	%		421,000	6.2	%
Total	$	10,442,813	100	%	$	6,821,407	100	%

SCHEDULE OF INVESTMENTS

The following table summarizes the valuation techniques and significant unobservable inputs used for investments that are categorized within Level 3 of the fair value hierarchy as of September 30, 2021 and March 31, 2021:

	As of September 30, 2021
	Fair Value		Valuation Approach/ Technique	Unobservable Inputs	Range/ Weighted Average
Convertible notes: Basepaws Inc	$	201,663	Market approach based on indicative term sheet and last round of financing	As if converted note and Series A term sheet of $37.5 million	50:50 weight
Convertible notes: Promaxo Inc		183,876	Market approach based on available comparables and financial performance	Conversion prospects, market yield, remaining maturity	5% yield
Convertible notes: Other		3,416,294	Market approach based on available comparables and financial performance	Conversion prospects, market yield, remaining maturity	1-12% yield
Preferred stock in private companies” Shyft Moving Inc		269,820	Market approach based on indicative term sheet and last round of financing	50/50 weighting to prior A-3 preferred and indicated pre Series B price. Forecast revenue from investor deck and 75% percentile for public company peer valuation ratios	Based on Series B valuation of $80 million
Preferred stock in private companies: Seal Rock Therapeutics Inc		199,112	Market approach based on indicative term sheet and last round of financing	50/50 weighting to prior Series seed preferred and indicated Note price. 75% percentile for public company peer valuation ratios	Based on new Note indication of $80 million
Preferred stock in private companies: Femto DX Inc		290,046	Market approach based on indicative term sheet and last round of financing	50/50 weighting to prior Series B-2 preferred price and public market. 75% percentile for public company peer valuation ratios	Based on Series B valuation of $170 million
Preferred stock in private companies: Promaxo Inc		1,034,984	Market approach based on available comparables and financial performance	a) Last round of financing for series B-2 price, 118% change in enterprise value @75th percentile b) revenue multiples 2021 13.3X 2022 9.3x	0%-168.3% 0.6x - 27.7x 0.5x - 59.4x
Preferred stock in private companies: Other		2,744,691	Market approach based on available comparables and financial performance	Market approach based on available information from portfolio companies	Various
Common stock in private companies		325,000	Market approach based on available comparables and financial performance	Historic or projected revenue and/or EBITDA multiples discounted for lack of marketability	Various
SAFE		575,000	Market approach based on available comparables and financial performance	Precedent and follow-on transactions adjusted for marketability	Various
Other investments		571,000	Market approach based on available comparables and financial performance	Precedent and follow-on transactions adjusted for marketability	Various
Total Investments	$	9,811,486

	As of March 31, 2021
	Fair Value		Valuation Approach/ Technique	Unobservable Inputs	Range/ Weighted Average
Convertible notes: Kitotech Medical Inc	$	326,871	Market approach based on available comparables and financial performance	Market cap of $28.51 million a, Public company 75th percentile As if converted 2020 note	Range : $28.514 million
Convertible notes		2,227,083	Market approach based on available comparables and financial performance	Conversion prospects, market yield, remaining maturity	1-12% yield
Preferred stock in private companies: Femto DX Inc		159,835	Market approach based on available comparables and financial performance	Based on Series B financing and public company peer multiples using 50:50 percentile	Market value of invested capital $58.66 million
Preferred stock in private companies: Neuroflow Inc		437,495	Market approach based on available comparables and financial performance	Based on Series Seed 2 and last round of financing - Series B	Market value of invested capital $57.98 million
Preferred stock in private companies: other		2,532,128	Market approach based on available comparables and financial performance	Market approach based on available information from portfolio companies	Various
Common stock in private companies		300,000	Market approach based on available comparables and financial performance	Historic or projected revenue and/or EBITDA multiples	Various
SAFE		325,000	Market approach based on available comparables and financial performance	Precedent and follow-on transactions adjusted for marketability	Various
Other investments		421,000	Market approach based on available comparables and financial performance	Precedent and follow-on transactions adjusted for marketability	Various
Total Investments	$	6,729,412

SCHEDULE OF INVESTMENTS AT FAIR VALUE MEASUREMENTS OF INVESTMENTS

The following table presents fair value measurements of investments, by major class, as of September 30, 2021, and March 31, 2021, according to the fair value hierarchy:

	As of September 30, 2021
	Quoted prices in active markets for identical securities		Significant other observable inputs		Significant unobservable inputs
Description	(Level 1)		(Level 2)		(Level 3)		Total
Investments at Fair Value
Private Portfolio Companies
Convertible notes	$	-	$	-	$	3,801,833	$	3,801,833
Preferred stock		-		-		4,538,653		4,538,653
Common stock		-		-		325,000		325,000
SAFEs		-		-		575,000		575,000
Other ownership interests		-		-		571,000		571,000
		-		-		9,811,486		9,811,486
Public Portfolio Companies
Common stock		631,327		-		-		631,327
Total Investments at Fair value	$	631,327	$	-	$	9,811,486	$	10,442,813

	As of March 31, 2021
Description	Level 1		Level 2		Level 3		Total
March 31, 2021
Investments at Fair Value
Private Portfolio Companies
Convertible notes	$	-	$	-	$	2,553,954	$	2,553,954
Preferred stock		-		-		3,129,458		3,129,458
Common stock		-		-		300,000		300,000
SAFEs		-		-		325,000		325,000
Other ownership interests		-		-		421,000		421,000
		-		-		6,729,412		6,729,412
Public Portfolio Companies
Common stock		91,995		-		-		91,995
Total Investments at Fair value	$	91,995	$	-	$	6,729,412	$	6,821,407

SCHEDULE OF INVESTMENTS IN UNREALIZED GAIN OR LOSSES FOREIGN EXCHANGE RATES ON SECURITIES

	America		Canada		Rest of World		Total
Fair value beginning of year March 31, 2021	$	5,486,011	$	907,560	$	427,836	$	6,821,407
New investments		1,668,091		200,000		350,000		2,218,091
Proceeds from sale of investments		-		-		-		-
Realized gains		-		-		-		-
Net change in unrealized gains included in condensed Statements of Operations		1,360,028		29,556		13,731		1,403,315
Fair value end of six months September 30, 2021	$	8,514,130	$	1,137,116	$	791,567	$	10,442,813
Changes in unrealized gains or losses for the period included in Condensed Statement of Operations for assets held at the end of the reporting period.							$	1,403,315

	America		Canada		Rest of World		Total
Fair value beginning of year March 31, 2020	$	2,170,499	$	245,000	$	250,000	$	2,665,499
New investments		540,000		150,000		50,000		740,000
Proceeds from sale of investments		-		-		-		-
Realized gains		-		-		-		-
Net change in unrealized gains included in condensed Statements of Operations		438,953		21,947		17,348		478,248
Fair value end of six months September 30, 2020	$	3,149,452	$	416,947	$	317,348	$	3,883,747
Changes in unrealized gains or losses for the period included in Condensed Statement of Operations for assets held at the end of the reporting period.							$	478,248

Working on the experience of our technical advisors, we limit our investments to fintech, technology, and life sciences.

	Fintech		Technology		Life science		Total
Fair value beginning of year March 31, 2021	$	126,030	$	1,394,318	$	5,301,059	$	6,821,407
New investments		-		590,600		1,627,491		2,218,091
Proceeds from sale of investments		-		-		-		-
Realized gains		-		-		-		-
Net change in unrealized gains included in condensed Statements of Operations		-		45,531		1,357,784		1,403,315
Fair value end of six months September 30, 2021	$	126,030	$	2,030,449	$	8,286,334	$	10,442,813
Changes in unrealized gains or losses for the period included in Condensed Statement of Operations for assets held at the end of the reporting period.							$	1,403,315

	Fintech		Technology		Life science		Total
Fair value beginning of year March 31, 2020	$	101,500	$	685,002	$	1,878,997	$	2,665,499
New investments		-		-		740,000		740,000
Proceeds from sale of investments		-		-		-		-
Realized gains		-		-		-		-
Net change in unrealized gains included in condensed Statements of Operations		24,530		37,769		415,949		478,248
Fair value end of six months September 30, 2020	$	126,030	$	722,771	$	3,034,946	$	3,883,747
Changes in unrealized gains or losses for the period included in Condensed Statement of Operations for assets held at the end of the reporting period.							$	478,248

SCHEDULE OF ADJUSTMENT IN FAIR VALUE TO REFLECT IMPAIRMENT OF INVESTMENT

	Convertible notes		Preferred stock		Common stock		SAFEs		Other ownership interests		Total
Fair value March 31, 2021	$	2,553,954	$	3,129,458	$	391,995	$	325,000	$	421,000	$	6,821,407
Conversions into preferred stock		-		-		-		-		-		-
New investments		1,027,491		600,000		190,600		250,000		150,000		2,218,091
Proceeds from sale of investments		-		-		-		-		-		-
Realized gains		-		-		-		-		-		-
Unrealized gains included in condensed Statements of Operations		220,388		809,195		373,732		-		-		1,403,315
Fair value September 30, 2021	$	3,801,833	$	4,538,653	$	956,327	$	575,000	$	571,000	$	10,442,813

	Convertible notes			Preferred stock		Common stock			SAFEs			Other ownership interests		Total
Fair value March 31, 2020	$	1,528,002		$	701,497	$	126,500		$	73,500		$	236,000	$	2,665,499
Conversions into preferred stock		(597,984	)		678,313		-			(80,329	)		-		-
New investments		100,000			440,000		100,000			-			100,000		740,000
Proceeds from sale of investments		-			-		-			-			-		-
Realized gains		-			-		-			-			-		-
Unrealized gains included in condensed Statements of Operations		178,986			279,433		(62,000	)		81,829			-		478,248
Fair value September 30, 2020	$	1,209,004		$	2,099,243	$	164,500		$	75,000		$	336,000	$	3,883,747

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EQUITY (Tables)

6 Months Ended

Sep. 30, 2021

Accumulated Other Comprehensive Income (Loss) [Line Items]

SCHEDULE OF OPTIONS VESTED

	Number of options granted			Weighted average exercise price			Weighted average remaining life years
Outstanding March 31, 2021		2,634,250		$	0.05			8.13
Granted		740,000			0.07			9.42
Exercised		(18,750	)		(0.03	)		-
Cancelled		-			-			-
Outstanding September 30, 2021		3,355,500		$	0.06			8.63
Exercisable September 30, 2021		2,085,041		$	0.04			8.90

SCHEDULE OF FAIR VALUE ASSUMPTIONS - STOCK OPTIONS

In connection with the grant of stock options the Company recognizes the value of the related option expense using the Black Scholes model, with appropriate assumptions for option life, stock value, risk free interest rate, volatility, and cancellations.

	September 30, 2021			March 31, 2021
Stock Price at grant date	$	0.07		$	0.033 - $ 0.078
Exercise Price	$	0.07		$	0.033 - $ 0.078
Term in Years		0 - 2.00			0 - 2.00
Volatility assumed		196	%		71% - 196	%
Annual dividend rate		0.0	%		0.0	%
Risk free discount rate		0.12	%		0.12% - 2.0	%

SCHEDULE OF WARRANTS

	Number of warrants			Weighted average exercise price		Weighted average remaining life in years
Outstanding March 31, 2020		4,200,000		$	1.20		2.9
Granted		-			-		-
Exercised		(2,603,333	)	$	1.20		-
Cancelled		-			-		-
Outstanding September 30, 2020		1,596,667		$	1.20		1.4
Exercisable March 31, 2020		4,200,000		$	1.20		2.9
Exercisable September 30, 2020		1,596,667		$	1.20		1.4

	Number  of warrants		Weighted average exercise price		Weighted average remaining life in years
Outstanding March 31, 2021		1,596,667	$	1.20		1.4
Granted		-				-
Exercised		-				-
Cancelled		-				-
Outstanding September 30, 2021		1,596,667	$	1.20		1.1
Exercisable March 31, 2021		1,596,667	$	1.20		1.4
Exercisable September 30, 2021		1,596,667	$	1.20		1.1

Warrant [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

SCHEDULE OF FAIR VALUE ASSUMPTIONS - STOCK OPTIONS

Stock Price at grant date	$	0.006
Exercise Price	$	1.200
Term in Years		3.00
Volatility assumed		73	%
Annual dividend rate		0.0	%
Risk free discount rate		1.79	%

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FINANCIAL HIGHLIGHTS (Tables)

6 Months Ended

Sep. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SCHEDULE OF FINANCIAL HIGHLIGHTS

Per share data ( a)	Three months ended			Three months ended			Six months ended			Six months ended
	September 30, 2021			September 30, 2020			September 30, 2021			September 30, 2020
Net asset value	$	0.82		$	0.72		$	0.82		$	0.72
Net investment loss	$	(0.03	)	$	(0.03	)	$	(0.06	)	$	(0.03	)
Net unrealized gain on investments	$	0.10		$	0.05		$	0.11		$	0.08
Net increase  in net assets	$	0.08		$	0.05		$	0.05		$	0.05
Ratios and Supplemental Data
Net assets, end of period	$	10,817,894		$	4,230,731		$	10,817,894		$	4,230,731
Weighted average common shares outstanding, end of period		13,271,996			5,836,832			13,269,764			5,836,832
Total operating expenses/net assets		3.3	%		3.8	%		6.8	%		4.7	%
Net investment loss/net assets		3.3	%		3.8	%		6.8	%		4.7	%
Total return		9.2	%		7.5	%		6.1	%		6.6	%

(a) Per share data is based on the weighted average number of common shares outstanding at the end of the period.

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DESCRIPTION OF BUSINESS (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended	6 Months Ended
	Jan. 02, 2021	May 31, 2021	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2020	Oct. 01, 2021	Mar. 31, 2021	Mar. 31, 2018
Accumulated deficit			$ (32,294,845)	$ (32,294,845)			$ (32,957,186)	$ 32,380,746
Ownership percentage			5.00%	5.00%
Cash			$ 316,124	$ 316,124		$ 485,000	$ 1,437,868
Chief Executive Officer [Member]
Officers compensation	$ 400,000
Percentage of salary	60.00%	75.00%
Payments to employees			90,000	170,000
Consulting fees					$ 0
Share based payment award options received bonus					$ 50,000
Share-based payment award, options, grants forfeitures					215,000
Maximum [Member]
Investment by company			$ 250,000	$ 250,000

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SCHEDULE OF EARNINGS PER SHARE (Details) - shares	3 Months Ended		6 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total shares used in calculating fully-diluted earnings per common share	27,338,695	17,987,040	26,263,218	17,058,856
Common Stock Issued [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total shares used in calculating fully-diluted earnings per common share	13,271,996	5,836,832	13,269,764	5,836,832
Common Stock Subscribed Not Issued [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total shares used in calculating fully-diluted earnings per common share
Series A Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total shares used in calculating fully-diluted earnings per common share	4,200,000	4,200,000	4,200,000	4,200,000
Series B Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total shares used in calculating fully-diluted earnings per common share	5,307,240	1,830,208	4,361,525	1,250,595
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total shares used in calculating fully-diluted earnings per common share	2,962,792	1,920,000	2,835,262	1,571,429
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total shares used in calculating fully-diluted earnings per common share	1,596,667	4,200,000	1,596,667	4,200,000

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BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Mar. 31, 2021
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Cash equivalents	$ 0		$ 0		$ 0
Cash balance exceeds FDIC insured amount	70,000		70,000		1,200,000
Deferred offering cost	$ 230,434		$ 230,434		$ 169,891
Consultants And Advisors [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Number of options granted	490,000	510,000	740,000	510,000

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RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	Sep. 30, 2021	Mar. 31, 2021
Related Party Transactions [Abstract]
Related party accrued and owed	$ 87,000	$ 51,420

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SUMMARY OF INVESTMENT PORTFOLIO (Details)	Sep. 30, 2021 USD ($) Integer	Mar. 31, 2021 USD ($) Integer	Sep. 30, 2020 USD ($)	Mar. 31, 2020 USD ($)
Net Investment Income [Line Items]
Number of portfolio companies | Integer	66	51
Investment Owned, at Fair Value	$ 10,442,813	$ 6,821,407	$ 3,883,747	$ 2,665,499
Investment Owned, at Cost	$ 7,904,636	$ 5,686,545
Percentage of investment portfolio	100.00%	100.00%
Convertible Debt Securities [Member]
Net Investment Income [Line Items]
Investment Owned, at Fair Value	$ 3,801,833	$ 2,553,954	1,209,004	1,528,002
Investment Owned, at Cost	$ 3,243,539	$ 2,216,048
Percentage of investment portfolio	36.40%	37.40%
Preferred Stock [Member]
Net Investment Income [Line Items]
Investment Owned, at Fair Value	$ 4,538,653	$ 3,129,458	2,099,243	701,497
Percentage of investment portfolio	43.50%	45.90%
Common Stock [Member]
Net Investment Income [Line Items]
Investment Owned, at Fair Value	$ 956,327	$ 391,995	164,500	126,500
Percentage of investment portfolio	9.20%	5.70%
SAFE [Member]
Net Investment Income [Line Items]
Investment Owned, at Fair Value	$ 575,000	$ 325,000	75,000	73,500
Percentage of investment portfolio	5.50%	4.80%
Other Ownership Units [Member]
Net Investment Income [Line Items]
Investment Owned, at Fair Value	$ 571,000	$ 421,000	$ 336,000	$ 236,000
Percentage of investment portfolio	5.50%	6.20%

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SCHEDULE OF INVESTMENTS (Details)	3 Months Ended	12 Months Ended
	Sep. 30, 2021 USD ($)	Mar. 31, 2021 USD ($)	Sep. 30, 2020 USD ($)	Mar. 31, 2020 USD ($)
Investment Owned, at Fair Value	$ 10,442,813	$ 6,821,407	$ 3,883,747	$ 2,665,499
Convertible Debt Securities [Member]
Investment Owned, at Fair Value	3,801,833	2,553,954	1,209,004	1,528,002
Common Stock In Private Companies [Member]
Investment Owned, at Fair Value	325,000	300,000
SAFE [Member]
Investment Owned, at Fair Value	575,000	325,000	$ 75,000	$ 73,500
Other Investments [Member]
Investment Owned, at Fair Value	571,000	421,000
Investment Fair Value [Member]
Investment Owned, at Fair Value	9,811,486	6,729,412
Investment Fair Value [Member] | Convertible Debt Securities [Member]
Investment Owned, at Fair Value		$ 2,227,083
Valuation Approach/ Technique		Market approach based on available comparables and financial performance
Unobservable Inputs		Conversion prospects, market yield, remaining maturity
Investment Fair Value [Member] | Convertible Debt Securities [Member] | Basepaws Inc [Member]
Investment Owned, at Fair Value	$ 201,663
Valuation Approach/ Technique	Market approach based on indicative term sheet and last round of financing
Unobservable Inputs	As if converted note and Series A term sheet of $37.5 million
Range/ Weighted Average	50:50 weight
Investment Fair Value [Member] | Convertible Debt Securities [Member] | Promaxo Inc [Member]
Investment Owned, at Fair Value	$ 183,876
Valuation Approach/ Technique	Market approach based on available comparables and financial performance
Unobservable Inputs	Conversion prospects, market yield, remaining maturity
Investment Fair Value [Member] | Convertible Debt Securities [Member] | Promaxo Inc [Member] | Weighted Average [Member]
Debt Instrument, Measurement Input	5
Investment Fair Value [Member] | Convertible Debt Securities [Member] | Kitotech Medical Inc [Member]
Investment Owned, at Fair Value		$ 326,871
Valuation Approach/ Technique		Market approach based on available comparables and financial performance
Unobservable Inputs		Market cap of $
Range/ Weighted Average		Range : $28.514 million
Debt instrument fair value		$ 28,514,000
Investment Fair Value [Member] | Convertible Debt Securities Other [Member]
Investment Owned, at Fair Value	$ 3,416,294
Valuation Approach/ Technique	Market approach based on available comparables and financial performance
Unobservable Inputs	Conversion prospects, market yield, remaining maturity
Investment Fair Value [Member] | Convertible Debt Securities Other [Member] | Minimum [Member]
Debt Instrument, Measurement Input	1	1
Investment Fair Value [Member] | Convertible Debt Securities Other [Member] | Maximum [Member]
Debt Instrument, Measurement Input	12	12
Investment Fair Value [Member] | Preferred Stock In Private Companies [Member] | Promaxo Inc [Member]
Investment Owned, at Fair Value	$ 1,034,984
Valuation Approach/ Technique	Market approach based on available comparables and financial performance
Unobservable Inputs	a) Last round of financing for series B-2 price, 118% change in enterprise value @75th percentile b) revenue multiples 2021 13.3X 2022 9.3x
Range/ Weighted Average	0%-168.3% 0.6x - 27.7x 0.5x - 59.4x
Investment Fair Value [Member] | Preferred Stock In Private Companies [Member] | Promaxo Inc [Member] | Minimum [Member]
Debt Instrument, Measurement Input	0
Investment Fair Value [Member] | Preferred Stock In Private Companies [Member] | Promaxo Inc [Member] | Maximum [Member]
Debt Instrument, Measurement Input	168.3
Investment Fair Value [Member] | Preferred Stock In Private Companies [Member] | Shyft Moving Inc [Member]
Investment Owned, at Fair Value	$ 269,820
Valuation Approach/ Technique	Market approach based on indicative term sheet and last round of financing
Unobservable Inputs	50/50 weighting to prior A-3 preferred and indicated pre Series B price. Forecast revenue from investor deck and 75% percentile for public company peer valuation ratios
Range/ Weighted Average	Based on Series B valuation of $80 million
Debt instrument fair value	$ 80,000,000
Investment Fair Value [Member] | Preferred Stock In Private Companies [Member] | Seal Rock Therapeutics Inc [Member]
Investment Owned, at Fair Value	$ 199,112
Valuation Approach/ Technique	Market approach based on indicative term sheet and last round of financing
Unobservable Inputs	50/50 weighting to prior Series seed preferred and indicated Note price. 75% percentile for public company peer valuation ratios
Range/ Weighted Average	Based on new Note indication of $80 million
Debt instrument fair value	$ 80,000,000
Investment Fair Value [Member] | Preferred Stock In Private Companies [Member] | Femto DX Inc [Member]
Investment Owned, at Fair Value	$ 290,046	$ 159,835
Valuation Approach/ Technique	Market approach based on indicative term sheet and last round of financing	Market approach based on available comparables and financial performance
Unobservable Inputs	50/50 weighting to prior Series B-2 preferred price and public market. 75% percentile for public company peer valuation ratios	Based on Series B financing and public company peer multiples using 50:50 percentile
Range/ Weighted Average	Based on Series B valuation of $170 million	Market value of invested capital $58.66 million
Debt instrument fair value	$ 170,000,000	$ 58,660,000
Investment Fair Value [Member] | Preferred Stock In Private Companies [Member] | Neuroflow Inc [Member]
Investment Owned, at Fair Value		$ 437,495
Valuation Approach/ Technique		Market approach based on available comparables and financial performance
Unobservable Inputs		Based on Series Seed 2 and last round of financing - Series B
Range/ Weighted Average		Market value of invested capital $57.98 million
Debt instrument fair value		$ 57,980,000
Investment Fair Value [Member] | Preferred Stock In Private Companies Other [Member]
Investment Owned, at Fair Value	$ 2,744,691	$ 2,532,128
Valuation Approach/ Technique	Market approach based on available comparables and financial performance	Market approach based on available comparables and financial performance
Unobservable Inputs	Market approach based on available information from portfolio companies	Market approach based on available information from portfolio companies
Range/ Weighted Average	Various	Various
Investment Fair Value [Member] | Common Stock In Private Companies [Member]
Investment Owned, at Fair Value	$ 325,000	$ 300,000
Valuation Approach/ Technique	Market approach based on available comparables and financial performance	Market approach based on available comparables and financial performance
Unobservable Inputs	Historic or projected revenue and/or EBITDA multiples discounted for lack of marketability	Historic or projected revenue and/or EBITDA multiples
Range/ Weighted Average	Various	Various
Investment Fair Value [Member] | SAFE [Member]
Investment Owned, at Fair Value	$ 575,000	$ 325,000
Valuation Approach/ Technique	Market approach based on available comparables and financial performance	Market approach based on available comparables and financial performance
Unobservable Inputs	Precedent and follow-on transactions adjusted for marketability	Precedent and follow-on transactions adjusted for marketability
Range/ Weighted Average	Various	Various
Investment Fair Value [Member] | Other Investments [Member]
Investment Owned, at Fair Value	$ 571,000	$ 421,000
Valuation Approach/ Technique	Market approach based on available comparables and financial performance	Market approach based on available comparables and financial performance
Unobservable Inputs	Precedent and follow-on transactions adjusted for marketability	Precedent and follow-on transactions adjusted for marketability
Range/ Weighted Average	Various	Various

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SCHEDULE OF INVESTMENTS AT FAIR VALUE MEASUREMENTS OF INVESTMENTS (Details) - USD ($)	Sep. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Mar. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)	$ 10,442,813	$ 6,821,407	$ 3,883,747	$ 2,665,499
Convertible Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)	3,801,833	2,553,954	1,209,004	1,528,002
Preferred Stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)	4,538,653	3,129,458	2,099,243	701,497
Common Stock In Private Companies [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)	325,000	300,000
SAFE [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)	575,000	325,000	$ 75,000	$ 73,500
Other Investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)	571,000	421,000
Private Portfolio Companies [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)	9,811,486	6,729,412
Common Stock In Public Companies [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)	631,327	91,995
Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)	631,327	91,995
Fair Value, Inputs, Level 1 [Member] | Convertible Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)
Fair Value, Inputs, Level 1 [Member] | Preferred Stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)
Fair Value, Inputs, Level 1 [Member] | Common Stock In Private Companies [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)
Fair Value, Inputs, Level 1 [Member] | SAFE [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)
Fair Value, Inputs, Level 1 [Member] | Other Investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)
Fair Value, Inputs, Level 1 [Member] | Private Portfolio Companies [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)
Fair Value, Inputs, Level 1 [Member] | Common Stock In Public Companies [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)	631,327	91,995
Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)
Fair Value, Inputs, Level 2 [Member] | Convertible Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)
Fair Value, Inputs, Level 2 [Member] | Preferred Stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)
Fair Value, Inputs, Level 2 [Member] | Common Stock In Private Companies [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)
Fair Value, Inputs, Level 2 [Member] | SAFE [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)
Fair Value, Inputs, Level 2 [Member] | Other Investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)
Fair Value, Inputs, Level 2 [Member] | Private Portfolio Companies [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)
Fair Value, Inputs, Level 2 [Member] | Common Stock In Public Companies [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)
Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)	9,811,486	6,729,412
Fair Value, Inputs, Level 3 [Member] | Convertible Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)	3,801,833	2,553,954
Fair Value, Inputs, Level 3 [Member] | Preferred Stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)	4,538,653	3,129,458
Fair Value, Inputs, Level 3 [Member] | Common Stock In Private Companies [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)	325,000	300,000
Fair Value, Inputs, Level 3 [Member] | SAFE [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)	575,000	325,000
Fair Value, Inputs, Level 3 [Member] | Other Investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)	571,000	421,000
Fair Value, Inputs, Level 3 [Member] | Private Portfolio Companies [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)	9,811,486	6,729,412
Fair Value, Inputs, Level 3 [Member] | Common Stock In Public Companies [Member]
Defined Benefit Plan Disclosure [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)

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SCHEDULE OF INVESTMENTS IN UNREALIZED GAIN OR LOSSES FOREIGN EXCHANGE RATES ON SECURITIES (Details) - USD ($)	6 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Fair value, beginning	$ 6,821,407	$ 2,665,499
New investments	2,218,091	740,000
Proceeds from sale of investments
Realized gains
Net change in unrealized gains	1,403,315	478,248
Fair value, ending	10,442,813	3,883,747
Changes in unrealized gains or losses for the period included in Condensed Statement of Operations for assets held at the end of the reporting period	1,403,315	478,248
Fintech [Member]
Fair value, beginning	126,030	101,500
New investments
Proceeds from sale of investments
Realized gains
Net change in unrealized gains		24,530
Fair value, ending	126,030	126,030
Technology [Member]
Fair value, beginning	1,394,318	685,002
New investments	590,600
Proceeds from sale of investments
Realized gains
Net change in unrealized gains	45,531	37,769
Fair value, ending	2,030,449	722,771
Life science [Member]
Fair value, beginning	5,301,059	1,878,997
New investments	1,627,491	740,000
Proceeds from sale of investments
Realized gains
Net change in unrealized gains	1,357,784	415,949
Fair value, ending	8,286,334	3,034,946
UNITED STATES
Fair value, beginning	5,486,011	2,170,499
New investments	1,668,091	540,000
Proceeds from sale of investments
Realized gains
Net change in unrealized gains	1,360,028	438,953
Fair value, ending	8,514,130	3,149,452
CANADA
Fair value, beginning	907,560	245,000
New investments	200,000	150,000
Proceeds from sale of investments
Realized gains
Net change in unrealized gains	29,556	21,947
Fair value, ending	1,137,116	416,947
Rest of World [Member]
Fair value, beginning	427,836	250,000
New investments	350,000	50,000
Proceeds from sale of investments
Realized gains
Net change in unrealized gains	13,731	17,348
Fair value, ending	$ 791,567	$ 317,348

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SCHEDULE OF ADJUSTMENT IN FAIR VALUE TO REFLECT IMPAIRMENT OF INVESTMENT (Details) - USD ($)	6 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Net Investment Income [Line Items]
Fair value, beginning	$ 6,821,407	$ 2,665,499
Conversions into preferred stock
New investments	2,218,091	740,000
Proceeds from sale of investments
Realized gains
Unrealized Gain (Loss) on Investments	1,403,315	478,248
Fair value, ending	10,442,813	3,883,747
Convertible Debt Securities [Member]
Net Investment Income [Line Items]
Fair value, beginning	2,553,954	1,528,002
Conversions into preferred stock		(597,984)
New investments	1,027,491	100,000
Proceeds from sale of investments
Realized gains
Unrealized Gain (Loss) on Investments	220,388	178,986
Fair value, ending	3,801,833	1,209,004
Preferred Stock [Member]
Net Investment Income [Line Items]
Fair value, beginning	3,129,458	701,497
Conversions into preferred stock		678,313
New investments	600,000	440,000
Proceeds from sale of investments
Realized gains
Unrealized Gain (Loss) on Investments	809,195	279,433
Fair value, ending	4,538,653	2,099,243
Common Stock [Member]
Net Investment Income [Line Items]
Fair value, beginning	391,995	126,500
Conversions into preferred stock
New investments	190,600	100,000
Proceeds from sale of investments
Realized gains
Unrealized Gain (Loss) on Investments	373,732	(62,000)
Fair value, ending	956,327	164,500
SAFE [Member]
Net Investment Income [Line Items]
Fair value, beginning	325,000	73,500
Conversions into preferred stock		(80,329)
New investments	250,000
Proceeds from sale of investments
Realized gains
Unrealized Gain (Loss) on Investments		81,829
Fair value, ending	575,000	75,000
Other Ownership Units [Member]
Net Investment Income [Line Items]
Fair value, beginning	421,000	236,000
Conversions into preferred stock
New investments	150,000	100,000
Proceeds from sale of investments
Realized gains
Unrealized Gain (Loss) on Investments
Fair value, ending	$ 571,000	$ 336,000

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INVESTMENTS (Details Narrative)	Sep. 30, 2021	Mar. 31, 2021
Investments, All Other Investments [Abstract]
Investment owned, percent of net assets approximate value	96.00%
Percentage of net asset		98.00%

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SCHEDULE OF OPTIONS VESTED (Details) - $ / shares	3 Months Ended	6 Months Ended
	Sep. 30, 2021	Sep. 30, 2021
Equity [Abstract]
Number of options granted outstanding, Beginning balance		2,634,250
Weighted average exercise price outstanding, Beginning balance		$ 0.05
Weighted average remaining life years, Beginning years		8 years 1 month 17 days
Number of options granted		740,000
Weighted average exercise price granted		$ 0.07
Weighted average remaining life years granted		9 years 5 months 1 day
Number of options Exercised	(18,750)	(18,750)
Weighted average exercise price Exercised		$ (0.03)
Number of options Cancelled
Weighted average exercise price Cancelled
Number of options granted outstanding, Ending balance	3,355,500	3,355,500
Weighted average exercise price outstanding, Ending balance	$ 0.06	$ 0.06
Weighted average remaining life years, Ending years		8 years 7 months 17 days
Number of options granted Exercisable	2,085,041	2,085,041
Weighted average exercise price Exercisable	$ 0.04	$ 0.04
Weighted average remaining life years Exercisable		8 years 10 months 24 days

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SCHEDULE OF FAIR VALUE ASSUMPTIONS - STOCK OPTIONS (Details) - $ / shares	6 Months Ended	12 Months Ended
	Sep. 30, 2021	Mar. 30, 2021	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock Price at grant date	$ 0.07
Exercise Price	$ 0.07
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	196.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0.00%	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	0.12%
Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock Price at grant date	$ 0.006
Exercise Price	$ 1.200
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	73.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	1.79%
Minimum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock Price at grant date			$ 0.033
Exercise Price			0.033
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	0 years	0 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate		71.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate		0.12%
Maximum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock Price at grant date			0.078
Exercise Price			$ 0.078
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	2 years	2 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate		196.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate		2.00%

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SCHEDULE OF WARRANTS (Details) - Warrant [Member] - $ / shares	6 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Mar. 31, 2021	Mar. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of warrants outstanding, Beginning balance	1,596,667	4,200,000	4,200,000
Weighted average exercise price outstanding, Beginning balance	$ 1.20	$ 1.20	$ 1.20
Weighted average remaining life years, Beginning years	1 year 4 months 24 days	2 years 10 months 24 days
Number of warrants granted
Weighted average exercise price outstanding granted
Number of warrants Exercised		(2,603,333)
Weighted average exercise price outstanding Exercised		$ 1.20
Number of warrants Cancelled
Weighted average exercise price outstanding Cancelled
Number of warrants outstanding, Beginning balance	1,596,667	1,596,667	1,596,667	4,200,000
Weighted average exercise price outstanding, Ending balance	$ 1.20	$ 1.20	$ 1.20	$ 1.20
Weighted average remaining life years, Ending years	1 year 1 month 6 days	1 year 4 months 24 days
Number of warrants Exercisable	1,596,667	1,596,667	1,596,667	4,200,000
Weighted average exercise price Exercisable	$ 1.20	$ 1.20	$ 1.20
Weighted average remaining life years Exercisable	1 year 1 month 6 days	1 year 4 months 24 days	1 year 4 months 24 days	2 years 10 months 24 days

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EQUITY (Details Narrative) - USD ($)					3 Months Ended		6 Months Ended
	Sep. 30, 2021	Mar. 02, 2021	Jul. 31, 2019	Apr. 30, 2018	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Sale of stock, shares					3,285,789		3,285,789
Common stock par value	$ 0.01				$ 0.01		$ 0.01			$ 0.01
Preferred Stock, Par or Stated Value Per Share	$ 0.01				$ 0.01		$ 0.01			$ 0.01
Preferred Stock, Shares Authorized	19,800,000				19,800,000		19,800,000			19,800,000
Share issued during period, value					$ 1,273,000	$ 895,000	$ 1,826,001	$ 1,270,000
Common Stock, Shares Authorized	40,000,000				40,000,000		40,000,000			40,000,000
Common Stock, Shares, Issued	13,287,621				13,287,621		13,287,621			9,983,082
Common Stock, Shares, outstanding	13,287,621				13,287,621		13,287,621			9,983,082
Exercise of stock shares, Issued					18,750		18,750
Exercise of stock value					$ 618		$ 618
Share-based Payment Arrangement, Noncash Expense					10,897	12,805	21,454	13,851
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 62,580				$ 62,580	56,987	$ 62,580	56,987
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term							1 year 5 months 8 days
2018 Stock Option And Incentive Plan [Member]
Class of Stock [Line Items]
Reserving stock option issuance				2,697,085
2019 Stock Option And Incentive Plan [Member]
Class of Stock [Line Items]
Number of stock option grant			2,000,000
Expiration date			May 21, 2029
2020 Stock Option And Incentive Plan [Member]
Class of Stock [Line Items]
Number of stock option grant											2,000,000
Common Stock [Member]
Class of Stock [Line Items]
Sale of stock price per share	$ 0.40				$ 0.40		$ 0.40
Share issued during period, value
Exercise of stock shares, Issued					18,750		18,750
Exercise of stock value					$ 187		$ 187
Number of warrant issued	4,200,000				4,200,000		4,200,000
Number of warrant exercise price	$ 1.20				$ 1.20		$ 1.20
Warrants and Rights Outstanding, Term	3 years				3 years		3 years
Common Stock [Member] | Amendment of Preferred Stock [Member]
Class of Stock [Line Items]
Share issued during period, value					$ 1,314,317		$ 1,314,317
Common stock subscription, value										$ 1,191,442
Non Qualified Stock Options [Member]
Class of Stock [Line Items]
Stock options number of shares					490,000	510,000	740,000	630,000
Share based payment vesting period						2 years
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Sale of stock, shares							4,200,000
Sale of stock price per share									$ 0.80
Excess outstanding shares	550,000				550,000		550,000
Preferred Stock, Par or Stated Value Per Share	$ 0.01				$ 0.01		$ 0.01			$ 0.01
Preferred Stock, Shares Authorized	4,200,000				4,200,000		4,200,000			4,200,000
Series A-1 Preferred Stock [Member]
Class of Stock [Line Items]
Common stock par value	$ 0.40				$ 0.40		$ 0.40
Share purchased value					$ 6,000
Share issued during period stock exchanged, shares							1,437,500
Series A-1 And Series A-2 Preferred Stock [Member] | IPO [Member]
Class of Stock [Line Items]
Purchased share discount percentage					10.00%
Series A-2 Preferred Stock [Member]
Class of Stock [Line Items]
Share issued during period stock exchanged, shares							2,212,500
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Sale of stock price per share	$ 0.80				$ 0.80	$ 0.80	$ 0.80	$ 0.80
Excess outstanding shares	286,250				286,250		286,250
Preferred Stock, Par or Stated Value Per Share	$ 0.01				$ 0.01		$ 0.01			$ 0.01
Preferred Stock, Shares Authorized	6,000,000				6,000,000		6,000,000			6,000,000
Preferred Stock, Dividend Rate, Percentage							10.00%
[custom:AdditionalPreferredStockSharesAuthorized-0]	3,000,000				3,000,000		3,000,000
Series B Preferred Stock [Member] | Common Stock [Member]
Class of Stock [Line Items]
Common stock par value		$ 0.40
Series B-1 Preferred Stock [Member]
Class of Stock [Line Items]
Sale of stock, shares					1,591,250		2,282,500
Share purchased value		$ 6,000
Share issued during period stock exchanged, shares							1,166,406
Share issued during period, value					$ 1,273,000		$ 1,826,001
Series B-1 And Series B-1 Preferred Stock [Member] | IPO [Member]
Class of Stock [Line Items]
Purchased share discount percentage		1000.00%
Series B-2 Preferred Stock [Member]
Class of Stock [Line Items]
Share issued during period stock exchanged, shares							2,176,250
Series B-3 Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Par or Stated Value Per Share	$ 0.01				$ 0.01		$ 0.01
Preferred Stock, Shares Authorized	9,000,000				9,000,000		9,000,000
Dividend offered	$ 0.80				$ 0.80		$ 0.80
Accumulated dividend share percentage	10.00%
Closing public stock	$ 10,000,000

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SCHEDULE OF FINANCIAL HIGHLIGHTS (Details) - USD ($)		3 Months Ended		6 Months Ended		9 Months Ended
		Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net asset value	[1]	$ 0.82	$ 0.72	$ 0.82	$ 0.72	$ 0.82
Net investment income loss		(0.03)	(0.03)	(0.06)		$ (0.03)
Net unrealized gain on investments		0.10	0.05	0.11	0.08
Net increase in net assets		$ 0.08	$ 0.05	$ 0.05	$ 0.05
Net assets, end of period		$ 10,817,894	$ 4,230,731	$ 10,817,894	$ 4,230,731	$ 10,817,894
Weighted average common shares outstanding, end of period		13,271,996	5,836,832	13,269,764	5,836,832
Total operating expenses/net assets		3.30%	3.80%	6.80%	4.70%
Net investment loss/net assets		3.30%	3.80%	6.80%	4.70%
Total return		9.20%	7.50%	6.10%	6.60%

[1] Per share data is based on the weighted average number of common shares outstanding at the end of the period.

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SUBSEQUENT EVENTS (Details Narrative) - USD ($)		3 Months Ended		6 Months Ended
	Nov. 13, 2021	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Oct. 05, 2021	Mar. 31, 2021	Mar. 31, 2020
Subsequent Event [Line Items]
Stock, authorized		19,800,000		19,800,000			19,800,000
Number of stock issued value		$ 1,273,000	$ 895,000	$ 1,826,001	$ 1,270,000
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)		$ 10,442,813	$ 3,883,747	$ 10,442,813	$ 3,883,747		$ 6,821,407	$ 2,665,499
Subsequent Event [Member]
Subsequent Event [Line Items]
Investments at fair value (cost of $7,904,636 and $5,686,545, respectively)	$ 300,000
Series B-3 Preferred Stock [Member]
Subsequent Event [Line Items]
Stock, authorized		9,000,000		9,000,000
Series B-3 Preferred Stock [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Stock, authorized						3,000,000
Number of stock issued value	$ 546,000