NOTE 12 – SUBSEQUENT EVENTS

The Company evaluated all events or transactions that occurred after March 31, 2024 up through the date the financial statements were available to be issued. During this period, the Company did not have any material recognizable subsequent events required to be disclosed as of and for the period ended March 31, 2024, except for the following:

Convertible Notes

Exchanges

On April 10, 2024, Osher elected to exchange $621,000 of Notes for an aggregate of 823.86 shares of Series B Convertible Preferred Stock. Each Series B Convertible Preferred Share converts into 125.63 shares of the Company’s common stock, subject to antidilution adjustments for any stock splits and recapitalizations, and for issuances of additional shares at an issue price of less than the conversion ratio.

On April 9, 2024, Brio elected to exchange $220,420 of Notes for an aggregate of 292.4 shares of Series B Convertible Preferred Stock. Each Series B Convertible Preferred Share converts into 125.63 shares of the Company’s common stock, subject to antidilution adjustments for any stock splits and recapitalizations, and for issuances of additional shares at an issue price of less than the conversion ratio.

Extensions

On April 10, 2024, the Company and Osher amended three Notes that were in default totaling an aggregate principal amount of $275,000 to extend the maturity date to March 31, 2025. In exchange for the Note extensions, the Company provided for original issue discounts totaling $41,350.

On April 9, 2024, the Company and Brio amended two Notes that were in default totaling an aggregate principal amount of $100,000 to extend the maturity date to March 31, 2025. In exchange for the Note extensions, the Company provided for original issue discounts totaling $15,000.