Related Party Activity

6 Months Ended

Sep. 30, 2017

Notes to Financial Statements

NOTE 3 - Related Party Activity

Notes payable

The Company issued multiple unsecured notes payable from June 27, 2015, to September 30, 2017, to the Company’s CEO, for amounts advanced to the Company, or paid by the CEO, on behalf of the Company. For the six months ended September 30, 2017, the CEO advanced to the Company or made payments on behalf of the Company of $6,301, and the Company repaid the CEO $38,151. The notes carry interest at 10% per annum and are due on demand. As of September 30, 2017, and March 31, 2017, the principal balance of the notes was $105,000 and $136,850, respectively, (included in notes payable related party in the balance sheets presented herein), and included in accrued interest related party is the accrued and unpaid interest as of September 30, 2017, and March 31, 2017, of $30,243 and $23,153, respectively. For the three and six months ended September 30, 2017, the Company recorded interest expense related party of $2,600 and $5,515, respectively, and for the three and six months ended September 30, 2016, interest expense related party was $3,704 and $5,279, respectively.

Management Fees

For the three and six months ended September 30, 2017, and 2016, the Company recorded expenses to its officers in the following amounts:

	Three months ended September 30,				Six months ended September 30,
	2017		2016		2017		2016
CEO	$	42,000	$	14,000	$	84,000	$	56,000
CFO		15,000		15,000		30,000		42,500
Total	$	57,000	$	29,000	$	114,000	$	98,500

As of September 30, 2017, included in accounts payable - related party is $304,250 and $2,500, for amounts owed the Company’s CEO and CFO, respectively.