RELATED PARTY TRANSACTIONS	6 Months Ended
Sep. 30, 2022
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 2 – RELATED PARTY TRANSACTIONS On September 21, 2020, the Company entered into a Note Purchase Agreement (the “Purchase Agreement”) with Frederick L. Farrar, who then served as the Company’s Chief Executive Officer and Chief Financial Officer, pursuant to which the Company issued and sold to Mr. Farrar a Convertible Promissory Note in aggregate principal amount of $65,000 bearing 5.0% interest per annum due and payable in cash on October 31, 2022 (the “Note”). The Note is unsecured and may be prepaid by the Company in whole or in part at any time without penalty or premium, at the option of the Company. Mr. Farrar has the option, on or prior to the maturity date, to convert all (but not less than all) of the principal and accrued but unpaid interest under this Note into the Company’s common stock, no par value, at a conversion price of $0.23 per share. During the six months ended September 30, 2022 and 2021, the Company had outstanding convertible note which represent 311,291 shares of commons stock. These shares of common stock were excluded from the computation of diluted earnings per share since their effect would have been antidilutive. During the three months ended September 30, 2022 and 2021, the Company had outstanding convertible notes which 311,291 shares of commons stock. These shares of common stock were excluded from the computation of diluted earnings per share since their effect would have been antidilutive. As of September 30, 2022 and March 31, 2022, the related party payable amounts to the Director David He are approximately $173,000 and $123,000, respectively, in purpose for cover certain operating expenses for the Company.

RELATED PARTY TRANSACTIONS

6 Months Ended

Sep. 30, 2022

NOTE 2 – RELATED PARTY TRANSACTIONS

On September 21, 2020, the Company entered into a Note Purchase Agreement (the “Purchase Agreement”) with Frederick L. Farrar, who then served as the Company’s Chief Executive Officer and Chief Financial Officer, pursuant to which the Company issued and sold to Mr. Farrar a Convertible Promissory Note in aggregate principal amount of $65,000 bearing 5.0% interest per annum due and payable in cash on October 31, 2022 (the “Note”). The Note is unsecured and may be prepaid by the Company in whole or in part at any time without penalty or premium, at the option of the Company. Mr. Farrar has the option, on or prior to the maturity date, to convert all (but not less than all) of the principal and accrued but unpaid interest under this Note into the Company’s common stock, no par value, at a conversion price of $0.23 per share.

During the six months ended September 30, 2022 and 2021, the Company had outstanding convertible note which represent 311,291 shares of commons stock. These shares of common stock were excluded from the computation of diluted earnings per share since their effect would have been antidilutive.

During the three months ended September 30, 2022 and 2021, the Company had outstanding convertible notes which 311,291 shares of commons stock. These shares of common stock were excluded from the computation of diluted earnings per share since their effect would have been antidilutive.

As of September 30, 2022 and March 31, 2022, the related party payable amounts to the Director David He are approximately $173,000 and $123,000, respectively, in purpose for cover certain operating expenses for the Company.