XML 23 R13.htm IDEA: XBRL DOCUMENT v3.23.2
Note 7 – Related Party
12 Months Ended
Mar. 31, 2023
Related Party Transactions [Abstract]  
Note 7 – Related Party

Note 7 – Related Party

 

Note Receivable

 

During the period ended March 31, 2023, the Company loaned approximately $721,186 to related party White Knight Co., Ltd (“White Knight”). White Knight is controlled by our sole director, Koichi Ishizuka. During this same period, the White Knight repaid approximately $185,726 to the Company. In addition, loan interest totaling approximately $7,493 was accrued on the loan and is payable by White Knight to the Company. This note receivable from White Knight is planned to be part of the consideration for the future planned acquisition of Mama Foods Co., Ltd.

 

Accounts payable

 

During the period ended March 31, 2023, related party White Knight and our sole officer and director invoiced the Company for expenses paid on the behalf of the Company totaling approximately $29,524.

 

Additional paid-in capital

 

The Company’s sole officer and Director, Koichi Ishizuka, paid expenses on behalf of the company and its wholly owned subsidiary totaling $67,574 during the year ended March 31, 2023. These payments are considered contributions to the company with no expectation of repayment and are posted as additional paid-in capital. These payments are considered contributions to the company with no expectation of repayment and are posted as additional paid-in capital.

 

The Company’s sole officer and Director, Koichi Ishizuka, paid expenses on behalf of the Company and its wholly owned subsidiary totaling $36,758 during the period ended March 31, 2022. These payments are considered contributions to the company with no expectation of repayment and are posted as additional paid-in capital. These payments are considered contributions to the company with no expectation of repayment and are posted as additional paid-in capital.

  

The Company’s former sole officer and director, Jeffrey DeNunzio, paid expenses on behalf of the company totaling $7,100 during the period ended March 31, 2022. These payments are considered contributions to the company with no expectation of repayment and are posted as additional paid-in capital.