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LEASE
3 Months Ended
Jun. 30, 2022
Lease  
LEASE

NOTE –7 LEASE

 

As of June 30, 2022, the Company entered into an operating lease with a lease term of 2 years, commencing from February 22, 2022.

 

Right of use assets and lease liability – right of use are as follows:

          
   June 30,   March 31, 
   2022   2022 
           
Right-of-use assets  $62,165   $72,129 

 

The lease liability – right of use is as follows:

 

   June 30,
2022
   March 31,
2022
 
           
Current portion  $39,091   $38,697 
Non-current portion   23,700    33,721 
           
Total  $62,791   $72,418 

 

The weighted average discount rate for the operating lease is 5%.

 

As of June 30, 2022, the operating lease payment of $39,091 will mature in the next 12 months.