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NOTE 9. LEASES

3 Months Ended

Jun. 30, 2025

Notes

NOTE 9. LEASES

NOTE 9. LEASES

We conduct our operations in a leased facility under a non-cancellable lease expiring May 31, 2031. Our lease does not provide an implicit interest rate, so we used our incremental borrowing rate to determine the present value of lease payments. Lease expense is recognized on a straight-line basis over the lease term. Details of our operating lease are as follows:

	Quarter Ended June 30,
	2025				2024
Operating lease cost	$	48,214			$	37,754
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for leases	$	46,249			$	45,341
Right-of-use assets obtained in exchange for new lease liabilities:
Operating lease	$	710,665			$	-
Remaining lease term		71 months			21 months
Discount rate			7.8%		3.5%

The following table shows the maturities of lease liabilities as of June 30, 2025:

Year Ending March 31,	Operating Lease Liabilities
2026		38,746
2027		172,142
2028		213,284
2029		220,216
2030		227,373
2031		234,762
2032		40,399
Total lease payments		1,146,922
Imputed lease interest		(254,624	)
Total lease liabilities	$	892,298

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- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 840
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/840/tableOfContent

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