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DUE FROM RELATED PARTIES | 6 Months Ended
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Sep. 30, 2024
Due From Related Parties |
DUE FROM RELATED PARTIES | NOTE 5 – DUE FROM RELATED PARTIES As a result of the contingency recognized for the Triton Settlement Agreement described in the Contingencies section of Note 2, we recorded a receivable of $4,800,000. During the six months ended September 30, 2024, we recognized the value of shares returned to the Company in lieu of the settlement payment. On September 30, 2024, Mr. Urvan transferred the shares to the Company and the shares have since been reclassified to treasury stock. As described in Note 2, Mr. Urvan is a director and shareholder of the Company. Please refer to the description of the Triton Settlement Agreement in Note 2 for additional information.

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