LEASE

9 Months Ended

Dec. 31, 2023

Lease

LEASE

NOTE – 9 LEASE

As of December 31, 2023, 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:

	December 31,		March 31,
	2023		2023
Right-of-use assets	$	3,288	$	32,705

The lease liability – right of use is as follows:

	December 31, 2023		March 31, 2023
Current portion	$	3,444	$	33,638

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

For the three months ended December 31, 2023 and 2022, the amortization charge on right-of use assets was $9,842 and $9,825, respectively.

For the nine months ended December 31, 2023 and 2022, the amortization charge on right-of-use was $29,526 and $29,476, respectively.

For the three months ended December 31, 2023 and 2022, the accretion on the lease liability was $167 and $572, respectively.

For the nine months ended December 31, 2023 and 2022, the accretion on the lease liability was $747 and $2,186, respectively.

As of December 31, 2023, the operating lease payment of $3,444 will mature in the next 12 months.