Related Party Transactions

6 Months Ended

Sep. 30, 2022

Related Party Transactions [Abstract]

Related Party Transactions

8. Related Party Transactions

Related party transactions for the Company primarily relate to shared office expenditures in addition to administrative and operating expenses paid on behalf of the principal stockholder. The total billed to and reimbursed by the stockholder for the quarters ended September 30, 2022 and 2021 was $13,649 and $10,288, respectively. The total billed to and reimbursed by the stockholder for the six months ended September 30, 2022 and 2021 was $23,735 and $23,056, respectively. The principal stockholder pays for his share of the lease amount for the shared office space directly to the lessor. Amounts paid by the principal stockholder directly to the lessor for the three months ending September 30, 2022 and 2021 were $3,893 and $3,944, respectively. Amounts paid by the principal stockholder directly to the lessor for the six months ending September 30, 2022 and 2021 were $7,786 and $7,988, respectively.