COMMITMENTS AND CONTINGENCIES

6 Months Ended

Sep. 30, 2022

Commitments and contingencies (Note 10)

COMMITMENTS AND CONTINGENCIES

NOTE 10 – COMMITMENTS AND CONTINGENCIES

On March 17, 2021, the Company entered into a storefront lease agreement in Rowlett, Texas. At the inception of the lease, the Company recorded a right of use asset and lease liability of $93,000, respectively. The Company records rent on straight-line basis over the terms of the underlying lease. Minimum lease payments under the lease are as follows:

Year Ending March 31,	Amount
2023	$	13,008
2024		26,659
2025		25,025
Total remaining lease payments	$	64,692
Less: imputed interest		(10,358	)
Present Value of remaining lease payments	$	54,334
Current	$	23,661
Noncurrent	$	30,673
Remaining lease term (years)		2.42
Discount rate		5.00	%