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CONVERTIBLE NOTE RECEIVABLE
12 Months Ended
Mar. 31, 2024
CONVERTIBLE NOTE RECEIVABLE  
CONVERTIBLE NOTE RECEIVABLE

NOTE 7 – CONVERTIBLE NOTE RECEIVABLE

 

On March 14,2024, the Company signed an agreement with an unaffiliated company for a convertible loan receivable amount of $5,000. The loan bears interest at 8% per annum and has a two-month term. The Company may convert the outstanding amount of the loan, including accrued interest, into shares of the unaffiliated company at a valuation of $500,000 minus any outstanding debt at the time of conversion. As of March 31, 2024 and March 31, 2023, the total loan receivable was $5,000 and $0, respectively. As of March 31, 2024 and March 31, 2023, the loan interest receivable was $19 and $0, respectively.