Note 7 - Subsequent Events

9 Months Ended

Dec. 31, 2019

Notes

Note 7 - Subsequent Events

Note 7 – SUBSEQUENT EVENTS

The Company has evaluated subsequent events per the requirements of ASC Topic 855 and has determined that the following events should be disclosed. 

1)       Litigation involving Dutro Company, Reality Engineering, William Dutro, Vicki Davis, Lee Allen, Valley Inception, LLC, Incisive Software Corporation and Promixex Corporation continues and is expected to continue for the foreseeable future.  In October 2019, the Court, set a trial in this matter.   A jury trial is scheduled for 5 days from May 11, 2020 through May 15, 2020. 

2)       The Company, its counsel and the defendants met in a Court ordered mediation on February 4, 2020.  No resolution was agreed.  The Company’s Counsel is reviewing various pre-trial legal options and preparing for trial scheduled to begin in May 2020.

3)        The impact of the issues surrounding the litigation impact the Company’s ability to obtain funding needed to operate the Company according to their strategic plans.

4)       Federal and State authorities have and will continue to be updated on the litigation issues and proceedings