SUBSEQUENT EVENTS

9 Months Ended

Dec. 31, 2024

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

13. SUBSEQUENT EVENTS

The Company’s management has evaluated subsequent events during the period from January 1 to February 19, 2025, the date the Condensed Consolidated Financial Statements were issued, pursuant to the requirements of ASC 855, and has determined the following material subsequent events:

● During January and February of 2025, the Company issued $337 thousand in unsecured convertible promissory notes to private investors. These notes mature eighteen to twenty-four months from their issuance date, bear 10% of interest and are convertible at the mutual agreement of the investor and the Company.

● During January 2025, the Company issued 394,340 in partial settlement of residual shares owing as a result of a conversion notice rendered to the Company in October 2024; the original conversion notice was for 25 shares of Convertible Redeemable Preferred Stock.