Related Party Transaction

9 Months Ended

Dec. 31, 2021

Related Party Transactions [Abstract]

Related Party Transaction

5. Related Party Transaction

Related Parties

Name of related parties	Relationship with the Company
Siu Ping Lo	Responsible officer of YeeTah and former director of YeeTah (resigned on December 31, 2019)
Huihe Zheng	Principal Stockholder, Chief Executive Officer and Chairman of the Company
YeeTah Financial Group Co., Ltd.	A company controlled by Siu Ping Lo
Tim Shannon	Chief Financial Officer of the Company

Related Party Transactions

(i)	During the nine months ended December 31, 2021, YeeTah Financial Group Co., Ltd. ("YeeTah Financial") charged YeeTah US$53,862 (2020: US$97,631) commission expenses in relation to insurance referral services rendered by YeeTah Financial.
(ii)	During the nine months ended December 31, 2021, the Company received nil (2020: US$19,747) in capital contributions from Tim Shannon for working capital uses.
(iii)	During the nine months ended December 31, 2021, the Company received $362,570 (2020: US$258,921) in stockholder advances from Mr. Zheng for working capital uses. The Company repaid Mr. Zheng $200,500 during the nine months ended December 31, 2021.
(vi)	During the nine months ended December 31, 2020, Mr. Zheng paid US$240,000 on behalf of the Company for costs associated with the Share Exchange.
(v)	During the three months ended December 31, 2021, Mr. Zheng forgave $141,025 of related party balance due from YeeTah, which is treated as a capital transaction.

Due to Related Party Balance

The Company’s due to related party balance as of December 31 and March 31, 2021 is as follows:

	December 31, 2021		March 31, 2021
	US$		US$
Huihe Zheng		594,090		533,590
YeeTah Financial		3,180		22,907
Total		597,270		556,497

The due to related party balance is unsecured, interest-free and due on demand.

Due from a Stockholder

The due from a stockholder balances as of December 31 and March 31, 2021 are as follows:

	December 31, 2021		March 31, 2021
	US$		US$
Huihe Zheng		48,718		48,718

The due from a stockholder balances represent the purchase price for shares of QDM BVI to be paid by Mr. Zheng. These due from a stockholder balances are unsecured, interest-free and due on demand.