Commitments and Related Party Transactions

12 Months Ended

Mar. 31, 2020

Commitments and Related Party Transactions [Abstract]

Commitments and Related Party Transactions

Note 5 - Commitments and Related Party Transactions

Office Space

The Company utilizes the office space and equipment of its management at no cost. 

Note Payable - Stockholder 

On March 22, 2018, the Company issued a promissory note (the "Note") to a stockholder of the Company pursuant to which the Company agreed to repay the sum of any and all amounts advanced to the Company, on or before the date that the Company consummates a business combination with a private company or reverse takeover transaction or other transaction after which the Company would cease to be a shell company. Interest shall accrue on the outstanding principal amount of the Note on the basis of a 360-day year from the date of borrowing until paid in full at the rate of six percent (6%) per annum. 

As of March 31, 2020 and 2019, the total amount due under the Note was $111,817 and $75,455 including accrued interest of $8,707 and $3,330, respectively, which is reported as accrued expenses in the accompanying balance sheet.