Cover
Cover - USD ($) | 12 Months Ended | ||
Mar. 31, 2022 | Jul. 15, 2022 | Sep. 30, 2021 | |
Cover [Abstract] | |||
Entity Registrant Name | FCCC, Inc. | ||
Entity Central Index Key | 0000730669 | ||
Document Type | 10-K | ||
Amendment Flag | false | ||
Entity Voluntary Filers | No | ||
Current Fiscal Year End Date | --03-31 | ||
Entity Well Known Seasoned Issuer | No | ||
Entity Small Business | true | ||
Entity Shell Company | true | ||
Entity Emerging Growth Company | false | ||
Entity Current Reporting Status | Yes | ||
Document Period End Date | Mar. 31, 2022 | ||
Entity Filer Category | Non-accelerated Filer | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2022 | ||
Entity Common Stock Shares Outstanding | 3,461,022 | ||
Entity Public Float | $ 574,912 | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Entity File Number | 001-08589 | ||
Entity Incorporation State Country Code | NV | ||
Entity Tax Identification Number | 06-0759497 | ||
Entity Interactive Data Current | Yes | ||
Icfr Auditor Attestation Flag | true | ||
Entity Address Address Line 1 | 17800 Castleton St | ||
Entity Address Address Line 2 | #695 | ||
Entity Address City Or Town | City of Industry | ||
Entity Address State Or Province | CA | ||
Entity Address Postal Zip Code | 91748 | ||
City Area Code | 812 | ||
Local Phone Number | 933-8888 | ||
Auditor Name | TAAD LLP | ||
Auditor Location | Diamond Bar, CA | ||
Auditor Firm Id | 5854 |
BALANCE SHEETS
BALANCE SHEETS - USD ($) $ in Thousands | Mar. 31, 2022 | Mar. 31, 2021 |
Current assets: | ||
Cash | $ 25 | $ 66 |
Other Assets | 0 | 4 |
Total current assets | 25 | 70 |
TOTAL ASSETS | 25 | 70 |
Current liabilities: | ||
Accrued expenses | 16 | 4 |
Due to related party | 123 | 0 |
Convertible note payable | 65 | 65 |
Accrued interest | 5 | 2 |
Current Liabilities | 209 | 71 |
TOTAL LIABILITIES | 209 | 71 |
Stockholders' deficit: | ||
Common stock, no par value, 22,000,000 shares authorized, 3,461,022 and 3,461,022 shares issued and outstanding at March 31, 2022 and March 31, 2021, respectively | 800 | 800 |
Additional paid-in capital | 8,396 | 8,396 |
Accumulated deficit | (9,380) | (9,197) |
Total stockholders' deficit | (184) | (1) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 25 | $ 70 |
BALANCE SHEETS (Parenthetical)
BALANCE SHEETS (Parenthetical) - $ / shares | Mar. 31, 2022 | Mar. 31, 2021 |
Stockholders' equity | ||
Common Stock, No Par Value | $ 0 | $ 0 |
Common stock, shares authorized | 22,000,000 | 22,000,000 |
Common stock, shares issued | 3,461,022 | 3,461,022 |
Common stock, shares outstanding | 3,461,022 | 3,461,022 |
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Expenses: | ||
Professional expenses | $ 105 | $ 37 |
Operating and administrative expenses | 75 | 23 |
Total Operating Expenses | 180 | 60 |
Non-Operating Expenses: | ||
Interest expense | 3 | 2 |
Total expenses | 183 | 62 |
Loss before provision for income taxes | (183) | (62) |
Income tax provision | 0 | 0 |
Net loss: | $ (183) | $ (62) |
Basic and diluted loss per share: | $ (0.05) | $ (0.02) |
Weighted average common shares outstanding: | ||
Basic | 3,461,022 | 3,461,022 |
Diluted | 3,461,022 | 3,461,022 |
STATEMENTS OF CHANGES IN STOCKH
STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY (DEFICIT) - USD ($) $ in Thousands | Total | Common Stock | Additional Paid-In Capital | Accumulated Deficit |
Balance, shares at Mar. 31, 2020 | 3,461,022 | |||
Balance, amount at Mar. 31, 2020 | $ 61 | $ 800 | $ 8,396 | $ (9,135) |
Net Loss | (62) | $ 0 | 0 | (62) |
Balance, shares at Mar. 31, 2021 | 3,461,022 | |||
Balance, amount at Mar. 31, 2021 | (1) | $ 800 | 8,396 | (9,197) |
Net Loss | (183) | $ 0 | 0 | (183) |
Balance, shares at Mar. 31, 2022 | 3,461,022 | |||
Balance, amount at Mar. 31, 2022 | $ (184) | $ 800 | $ 8,396 | $ (9,380) |
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Cash Flows from Operating Activities: | ||
Net loss | $ (183) | $ (62) |
Changes in operating assets and liabilities: | ||
Prepaid expenses | 4 | 0 |
Accounts payable | 12 | (2) |
Due to Relate Party | 123 | |
Accrued interest | 3 | 2 |
Net cash used in operating activities | (41) | (62) |
Cash Flows from Investing Activities: | ||
Proceeds from convertible note payable | 0 | 65 |
Net increase (decrease) in cash | (41) | 3 |
Cash, beginning of year | 66 | 63 |
Cash, end of year | 25 | 66 |
SUPPLEMENTAL DISCLOSURES: | ||
Cash paid for income tax | 0 | 0 |
Cash paid for Interest | $ 0 | $ 0 |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Mar. 31, 2022 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Company Operations The accompanying financial statements of FCCC, Inc. (the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”). The Company has limited operations and is actively seeking merger, acquisition or business combination opportunities with an operating business or other financial transaction opportunities. Until a transaction is effectuated, the Company does not expect to have significant operations. Accordingly, during such period, the Company does not expect to achieve sufficient income to offset its operating expenses, resulting in operating losses that may require the Company to use and thereby reduce its cash balance. Cash and Cash Equivalents The Company has defined cash as including cash on hand and cash in interest bearing and non-interest bearing operating bank accounts. Highly liquid instruments purchased with original maturities of three months or less are considered to be cash equivalents. Concentration of Credit Risk The Company maintains cash balances at a financial institution. Accounts are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 at such institution. At various times throughout the course of business, cash balances may exceed FDIC limits. At March 31, 2022 and 2021, the amount uninsured was $0. Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates. Dividends The Company may or may not pay cash dividends or make other distributions in the future depending on a number of factors. The Company may, however, pay a cash dividend or other distribution as part of a merger, acquisition, reverse merger or business combination transaction or if the Board of Directors deems it advisable for the benefit of all shareholders at any time. Income Taxes The Company utilizes the asset and liability method of accounting for deferred income taxes as prescribed by the FASB Accounting Standard Codification, (“ASC”), 740 “Income Taxes”. This method requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of temporary differences between the tax return and financial statement reporting basis of certain assets and liabilities. As required by ASC 740-10, “Income Taxes”, the Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority. Management does not believe that there are any uncertain tax positions which would have a material impact on the financial statements. The Company has elected to include interest and penalties related to uncertain tax positions as a component of income tax expense. To date, the Company has not recorded any interest or penalties related to uncertain tax positions. Earnings (Loss) Per Common Share: The Company follows FASB ASC 260. Basic Earnings Per Share (“EPS”) is based on the weighted average number of common shares outstanding for the period, excluding the effects of any potentially dilutive securities. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted. Net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Basic and diluted loss per common share was calculated using the following number of shares: March 31, 2022 2021 Weighted average number of common shares outstanding - Basic 3,461,022 3,461,022 Weighted average number of common shares outstanding - Diluted 3,461,022 3,461,022 Going Concern Consideration As of March 31, 2022, the Company had cash $25,000, and working capital deficit as $184,000. In addition the Company operated a net loss of $183,000. The Company highly relied on the funding from the related parties to cover the operating expenses. Management believes that, on March 31, 2022, the company has insufficient working capital to cover its short term operating needs. The Company has no revenue before the Business Combination. Its business plan is dependent on the completion of a financing transaction and the Company’s cash and working capital as July 15, 2022 are not sufficient to complete its planned activities for the upcoming year. These factors raise substantial doubt about the Company's ability to continue as a going concern one year from the date the financial statement is issued. Recently Issued Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
FINANCIAL INSTRUMENTS
FINANCIAL INSTRUMENTS | 12 Months Ended |
Mar. 31, 2022 | |
FINANCIAL INSTRUMENTS | |
NOTE 2 - FINANCIAL INSTRUMENTS | NOTE 2 - FINANCIAL INSTRUMENTS: Fair Value of Financial Instruments The Company follows FASB ASC 825 “Fair Value of Financial Instruments”, which requires disclosure of the fair value of financial instruments for which the determination of fair value is practicable. The fair value of a financial instrument is defined as the amount at which the instrument could be exchanged in a current transaction between willing parties. The carrying amounts of the Company’s financial instruments (eligible assets and liabilities ) approximate their fair value because of the short maturity of these instruments. |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Mar. 31, 2022 | |
INCOME TAXES | |
NOTE 3 - INCOME TAXES | NOTE 3 - INCOME TAXES: The Company’s deferred tax asset relates to net operating losses that may be carried forward to future years. At March 31, 2022 and 2021, the Company has available carryforward net operating losses of approximately $839,000 and $657,000 for federal, $989,000 and $807,000 for state income taxes, respectively. No tax benefit has been reported in the financial statements, because the Company believes there is a 50% or greater chance the carry-forwards will not be utilized. Accordingly, the potential tax benefits of the loss carry-forward are offset by a valuation allowance of the same amount. The Company’s increase in valuation allowance of $45,345 and $8,485 during the year ended March 31, 2022 and 2021 was recorded to offset the deferred tax benefit of the Company’s tax loss for the year, respectively. The Company’s deferred tax asset and valuation allowance as of March 31, 2022 and 2021 were as follows: March 31 2022 2021 Net Operating Losses $ 231,117 $ 185,772 Valuation Allowance (231,117 ) (185,772 ) The Company’s provision for federal and state income taxes for the years ended March 31, 2022 and 2021 consisted of the following: March 31 2022 2021 Current Tax Expense (Benefit) $ - $ - Deferred Tax Expense (Benefit) (45,345 ) (8,485 ) Increase (Decrease) in Valuation Allowance 45,345 8,485 Net tax provision $ - $ - The Company’s effective tax rate differed from the federal statutory income tax rate for the years ended March 31, 2022 and 2021 as follows: March 31 2022 2021 Federal statutory rate 21.0 % 21.0 % State tax, net of federal tax effect 3.87 % 5.93 % Valuation allowance (24.87 %) (26.93 %) Effective tax rate 0.0 % 0.0 % As of March 31, 2022 and 2021, the Company does not believe that it has taken any tax positions that would require the recording of any additional tax liability nor does it believe that there are any unrealized tax benefits that would either increase or decrease within the next twelve months. The Company’s income tax returns are subject to examination by the appropriate taxing jurisdictions. As of March 31, 2022, the Company’s income tax returns generally remain open for examination for three years from the date filed with each taxing jurisdiction. |
CONVERTIBLE NOTE PAYABLE
CONVERTIBLE NOTE PAYABLE | 12 Months Ended |
Mar. 31, 2022 | |
CONVERTIBLE NOTE PAYABLE | |
NOTE 4 - CONVERTIBLE NOTE PAYABLE | NOTE 4 – CONVERTIBLE NOTE PAYABLE: On September 21, 2020, the Company entered into a Note Purchase Agreement, pursuant to which the Company issued and sold to Frederick L. Farrar, a former executive officer, director and significant stockholder of the Company, a Convertible Promissory Note in the principal amount of $65,000 (the “Note”) in exchange for a loan of the same amount. The Note accrues interest at 5.0% per annum and is scheduled to mature and become payable on October 31, 2022. The Company’s payment obligations under the Note are unsecured and the Company can prepay the amount due in whole or in part at any time without penalty or premium. The holder of the Note has the option, on or prior to maturity, to convert all (but not less than all) of the amount due under the Note to into shares of the Company’s common stock at a conversion price of $0.23 per share. The Company intends to use the proceeds from the issuance of the Note for general corporate purposes. As of March 31, 2022 and 2021 respectively, the principal and interest due under the Note totaled $70,000 and $67,000. |
COMMON STOCK
COMMON STOCK | 12 Months Ended |
Mar. 31, 2022 | |
COMMON STOCK | |
NOTE 5 - COMMON STOCK | NOTE 5 – COMMON STOCK: The Company’s capital structure consists of 22,000,000 shares of authorized common stock with no par value and 3,461,022 shares were issued and outstanding at both March 31, 2022 and 2021. There were no changes to the Company’s capital structure during the years ended March 31, 2022 and 2021. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 12 Months Ended |
Mar. 31, 2022 | |
RELATED PARTY TRANSACTIONS | |
NOTE 6 - RELATED PARTY TRANSACTIONS | NOTE 6 – RELATED PARTY TRANSACTIONS: As of March 31, 2022 and 2021, the related party payable amounts to the Director David He are $123,000 and $0, respectively, in purpose for cover certain operating expenses for the Company. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Mar. 31, 2022 | |
SUBSEQUENT EVENTS | |
NOTE 7 - SUBSEQUENT EVENTS | NOTE 7 – SUBSEQUENT EVENTS: The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Mar. 31, 2022 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Company Operations | The accompanying financial statements of FCCC, Inc. (the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”). The Company has limited operations and is actively seeking merger, acquisition or business combination opportunities with an operating business or other financial transaction opportunities. Until a transaction is effectuated, the Company does not expect to have significant operations. Accordingly, during such period, the Company does not expect to achieve sufficient income to offset its operating expenses, resulting in operating losses that may require the Company to use and thereby reduce its cash balance. |
Cash and Cash Equivalents | The Company has defined cash as including cash on hand and cash in interest bearing and non-interest bearing operating bank accounts. Highly liquid instruments purchased with original maturities of three months or less are considered to be cash equivalents. |
Concentration of Credit Risk | The Company maintains cash balances at a financial institution. Accounts are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 at such institution. At various times throughout the course of business, cash balances may exceed FDIC limits. At March 31, 2022 and 2021, the amount uninsured was $0. |
Estimates | The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates. |
Dividends | The Company may or may not pay cash dividends or make other distributions in the future depending on a number of factors. The Company may, however, pay a cash dividend or other distribution as part of a merger, acquisition, reverse merger or business combination transaction or if the Board of Directors deems it advisable for the benefit of all shareholders at any time. |
Income Taxes | The Company utilizes the asset and liability method of accounting for deferred income taxes as prescribed by the FASB Accounting Standard Codification, (“ASC”), 740 “Income Taxes”. This method requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of temporary differences between the tax return and financial statement reporting basis of certain assets and liabilities. As required by ASC 740-10, “Income Taxes”, the Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority. Management does not believe that there are any uncertain tax positions which would have a material impact on the financial statements. The Company has elected to include interest and penalties related to uncertain tax positions as a component of income tax expense. To date, the Company has not recorded any interest or penalties related to uncertain tax positions. |
Earnings (Loss) Per Common Share | The Company follows FASB ASC 260. Basic Earnings Per Share (“EPS”) is based on the weighted average number of common shares outstanding for the period, excluding the effects of any potentially dilutive securities. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted. Net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Basic and diluted loss per common share was calculated using the following number of shares: March 31, 2022 2021 Weighted average number of common shares outstanding - Basic 3,461,022 3,461,022 Weighted average number of common shares outstanding - Diluted 3,461,022 3,461,022 |
Going Concern Consideration | As of March 31, 2022, the Company had cash $25,000, and working capital deficit as $184,000. In addition the Company operated a net loss of $183,000. The Company highly relied on the funding from the related parties to cover the operating expenses. Management believes that, on March 31, 2022, the company has insufficient working capital to cover its short term operating needs. The Company has no revenue before the Business Combination. Its business plan is dependent on the completion of a financing transaction and the Company’s cash and working capital as July 15, 2022 are not sufficient to complete its planned activities for the upcoming year. These factors raise substantial doubt about the Company's ability to continue as a going concern one year from the date the financial statement is issued. |
Recently Issued Accounting Pronouncements | The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Schedule of weighted average common shares outstanding | March 31, 2022 2021 Weighted average number of common shares outstanding - Basic 3,461,022 3,461,022 Weighted average number of common shares outstanding - Diluted 3,461,022 3,461,022 |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
INCOME TAXES | |
Schedule of deferred tax assets | March 31 2022 2021 Net Operating Losses $ 231,117 $ 185,772 Valuation Allowance (231,117 ) (185,772 ) |
Schdeule of income tax expenses benefit | March 31 2022 2021 Current Tax Expense (Benefit) $ - $ - Deferred Tax Expense (Benefit) (45,345 ) (8,485 ) Increase (Decrease) in Valuation Allowance 45,345 8,485 Net tax provision $ - $ - |
Schedule of effective tax rate | March 31 2022 2021 Federal statutory rate 21.0 % 21.0 % State tax, net of federal tax effect 3.87 % 5.93 % Valuation allowance (24.87 %) (26.93 %) Effective tax rate 0.0 % 0.0 % |
SUMMARY OF SIGNIFICANT ACCOUN_4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - shares | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ||
Weighted average number of common shares outstanding - Basic | 3,461,022 | 3,461,022 |
Weighted average number of common shares outstanding - Diluted | 3,461,022 | 3,461,022 |
SUMMARY OF SIGNIFICANT ACCOUN_5
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) | 12 Months Ended |
Mar. 31, 2022 USD ($) | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Net loss | $ (183,000) |
Cash | 25,000 |
Working capital deficit | 184,000 |
FDIC insured amount | 250,000 |
Uninsured amount | $ 0 |
INCOME TAXES (Details)
INCOME TAXES (Details) - USD ($) | Mar. 31, 2022 | Mar. 31, 2021 |
INCOME TAXES | ||
Net operating losses | $ 231,117 | $ 185,772 |
Valuation Allowance | $ (231,117) | $ (185,772) |
INCOME TAXES (Details 1)
INCOME TAXES (Details 1) - USD ($) | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
INCOME TAXES | ||
Current Tax Expense (Benefit) | $ 0 | $ 0 |
Deferred Tax Expense (Benefit) | (45,345) | (8,485) |
Increase (Decrease) in Valuation Allowance | 45,345 | 8,485 |
Net tax provision | $ 0 | $ 0 |
INCOME TAXES (Details 2)
INCOME TAXES (Details 2) | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
INCOME TAXES | ||
Federal statutory rate | 21% | 21% |
State tax, net of federal tax effect | 3.87% | 5.93% |
Valuation allowance | (24.87%) | (26.93%) |
Effective tax rate | 0% | 0% |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) - USD ($) | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
INCOME TAXES | ||
Operating loss carry forward, federal | $ 839,000 | $ 657,000 |
Operating loss carry forward, state | 989,000 | 807,000 |
Increase (Decrease) in Valuation Allowance | $ 45,345 | $ 8,485 |
CONVERTIBLE NOTE PAYABLE (Detai
CONVERTIBLE NOTE PAYABLE (Details Narrative) - Mr. Farrar [Member] - USD ($) | 1 Months Ended | ||
Sep. 21, 2020 | Mar. 31, 2022 | Mar. 31, 2021 | |
Interest rate | 5% | ||
Promissory note principal amount | $ 65,000 | ||
Mature date | Oct. 31, 2022 | ||
Convertible note payable | $ 70,000 | $ 67,000 | |
Conversion price per share | $ 0.23 |
COMMON STOCK (Details Narrative
COMMON STOCK (Details Narrative) - shares | Mar. 31, 2022 | Mar. 31, 2021 |
COMMON STOCK | ||
Common stock, shares authorized | 22,000,000 | 22,000,000 |
Common stock, shares outstanding | 3,461,022 | 3,461,022 |
Common stock, shares issued | 3,461,022 | 3,461,022 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | Mar. 31, 2022 | Mar. 31, 2021 |
David He [Member] | ||
Due to Related party | $ 123,000 | $ 0 |