Commitments and Contingencies

9 Months Ended

Dec. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

7. Commitments and Contingencies

Other than an office lease with a lease term of 3 years that the Company entered into in February 2022 as below, the Company did not have significant commitments, long-term obligations, or guarantees as of December 31, 2022.

Operating lease

The weighted average remaining lease term of the operating lease is 3 years and discount rate used for the operating lease is 4.9%.

2023	$	10,542
2024		42,172
2025		35,143
Total future minimum lease payments	$	87,857
Less: imputed interest		(4,497	)
Total operating lease liability	$	83,360
Less: operating lease liability - current		38,954
Total operating lease liability – non current	$	44,406

Contingencies

The Company is subject to legal proceedings and regulatory actions in the ordinary course of business. The results of such proceedings cannot be predicted with certainty, but the Company does not anticipate that the final outcome arising out of any such matter will have a material adverse effect on our business, financial position, cash flows or results of operations taken as a whole. As of December 31, 2022, the Company is not a party to any material legal or administrative proceedings.