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6. ACCOUNTS PAYABLE - RELATED PARTIES
12 Months Ended
Mar. 31, 2023
Notes  
6. ACCOUNTS PAYABLE - RELATED PARTIES

6.  ACCOUNTS PAYABLE – RELATED PARTIES

 

During the years ended March 31, 2023 and 2022, the Company incurred rent expense to Paul D. Thompson, the sole director and officer of the Company, of $49,088 and $48,000, respectively. On March 31, 2023 and 2022, $229,453 and $182,619 for this and other obligations are outstanding, respectively.

 

Compensation

 

On March 31, 2023, the Company entered into a compensation agreement with Paul D. Thompson Sr., the sole director and officer of the Company. Mr. Thompson is compensated $15,000 per month and has the option to take payment in Company stock, cash payment or deferred payment in stock or cash. In addition, Mr. Thompson is due 2,000,000 shares of common stock at the end of each fiscal quarter. On March 31, 2023 and 2022, $193,999 and $271,352 of compensation due is included in accounts payable – related party, respectively and $1,400 for 2,000,000 shares and $10,400 for 2,000,000 shares of common stock due is included in share subscriptions payable, respectively.