Related Party Transactions

9 Months Ended

Dec. 31, 2022

Related Party Transactions [Abstract]

Related Party Transactions

8. Related Party Transactions

Related party transactions for the Company 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 three months ended December 31, 2022 and 2021 was $11,598 and $12,276, respectively. The total billed to and reimbursed by the stockholder for the nine months ended December 31, 2022 and 2021 was $35,333 and $35,332, 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 December 31, 2022 and 2021 were $3,893. Amounts paid by the principal stockholder directly to the lessor for the nine months ending December 31, 2022 and 2021 were $11,679 and $11,882, respectively.