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INVENTORY
12 Months Ended
Mar. 31, 2024
Inventory Disclosure [Abstract]  
INVENTORY

NOTE 3 – INVENTORY

 

Inventory of prepaid debit cards and gift cards consisted of the following:

 

   March 31, 2024   March 31, 2023 
Prepaid cards inventory  $99,285   $100,885 
Less: reserve to reduce to net realizable value   (99,285)   (26,385)
Total  $-   $74,500 

 

The Company terminated its relationship with its Program Manager since the Program Manager was notified by its sponsor bank that they were unable to continue servicing the Company’s customers. As a result, the prepaid debit cards inventory became unusable, and the Company provided an additional reserve of $72,900 in fiscal 2024 to reduce the inventory to its net realizable value at March 31, 2024.