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Note 15 - Subsequent Events
12 Months Ended
Mar. 31, 2018
Notes  
Note 15 - Subsequent Events

NOTE 15 – SUBSEQUENT EVENTS

 

On April 21, 2018, the Company’s Board of Directors approved a stock incentive plan that its adoption date is still subject to approval within twelve (12) months by the stockholders of the Company. The plan covers both stock option and stock award programs. The participants of the stock incentive will be determined by the Board Committee who is appointed by the Board of Directors.  The stock incentive plan is intended to promote the best interests of the Company and its stockholders by (i) assisting the Company and its Affiliates in the recruitment and retention of persons with ability and initiative, (ii) providing an incentive to such persons to contribute to the growth and success of the Corporation's businesses by affording such persons equity participation in the Corporation and (iii) associating the interests of such persons with those of the Corporation and its Affiliates and stockholders.  No fixed number of common stock shares has been reserved for this plan although the share reserve and grant limitation are defined in the plan.  In the event that the stockholders of the Corporation shall not approve this Plan within such twelve (12) month period, this Plan shall terminate.

 

On June 4, 2018, the Company issued 50,000 shares of common stock to a consultant for the marketing consulting services to be provided for the period from June 1, 2018 to May 31, 2021, which were valued at $41,000 based on the quoted market price at issuance.

 

The Company has evaluated subsequent events that have occurred after the date of the balance sheet through the date of issuance of these consolidated financial statements and determined that no other subsequent event requires recognition or disclosure to the consolidated financial statements.