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Related Party Transactions
6 Months Ended
Sep. 30, 2018
Related Party Transactions [Abstract]  
Related Party Transactions

Note 7 – Related Party Transactions

 

Free Office Space

 

The Company has been provided office space by its Chief Executive Officer at no cost. The management determined that such cost is nominal and did not recognize the rent expense in its financial statement.

 

Shareholder Advances

 

The balance owed to shareholders as of September 30, 2018 and March 31, 2018 was $236 and $236, respectively. The advances from shareholders are unsecured, non-interest bearing, and payable on demand.

 

Contribution of Capital

 

During the year ended March 31, 2018, Oivi Launonen, former CEO of the Company, made a total contribution of $1,000. On February 1, 2018, 10,725,000 shares of common stock were returned to the Company by a nominee shareholder who held these shares pursuant to the change in control of the Company described in the Company’s report on Form 8-K filed May 1, 2017. The return of these common shares of stock is recorded as an offset to additional paid in capital during the year ended March 31, 2018.