P2 Solar (PTOS) 10-Q 20 Nov 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Sep. 30, 2023	Nov. 20, 2023
Cover [Abstract]
Entity Registrant Name	P2 SOLAR, INC.
Entity Central Index Key	0001172069
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Entity Small Business	false
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Current Reporting Status	Yes
Document Period End Date	Sep. 30, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding		67,946,513
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	333-91190
Entity Incorporation State Country Code	DE
Entity Tax Identification Number	98-0234680
Entity Address Address Line 1	13718 91 Avenue
Entity Address Address Line 2	Surrey
Entity Address City Or Town	British Columbia
Entity Address Country	CA
Entity Address Postal Zip Code	V3V 7X1
City Area Code	778
Local Phone Number	321-0047
Entity Interactive Data Current	Yes

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2023	Mar. 31, 2023
Current Assets
Cash	$ 35,396	$ 7,644
Accounts receivable	12,042	0
Other receivable	7,396	9,263
Prepaid expense	3,908	0
Total Current Assets	58,742	16,907
Goodwill	3,168	3,168
TOTAL ASSETS	61,910	20,075
Current Liabilities
Accounts payable and accrued liabilities	266,124	219,896
Accrued interest	276,816	264,482
Promissory notes payable	472,290	526,339
Convertible notes payable	81,361	18,473
Due to related parties	720,736	677,962
Total Current Liabilities	1,817,327	1,707,152
Total Liabilities	1,817,327	1,707,152
Stockholders' Deficit
Common stock, $0.001 par value; 500,000,000 shares authorized, 67,946,513 shares issued and outstanding	67,947	67,947
Additional paid-in capital	6,542,783	6,542,783
Accumulated deficit	(8,029,069)	(7,961,863)
Accumulated other comprehensive loss	(337,078)	(335,944)
Total Stockholders' Deficit	(1,755,417)	(1,687,077)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 61,910	$ 20,075

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2023	Mar. 31, 2023
CONDENSED CONSOLIDATED BALANCE SHEETS
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	67,946,513	67,946,513
Common stock, shares outstanding	67,946,513	67,946,513

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
REVENUE	$ 92,399	$ 0	$ 132,066	$ 0
Cost of revenue	49,857	0	67,783	0
Gross Profit	42,542	0	64,283	0
OPERATING EXPENSES
General and Administrative expenses	10,699	46	16,202	91
Professional fees	34,749	3,885	69,216	17,520
Management salaries- related party	13,955	14,338	27,896	28,999
Total Operating Expenses	59,403	18,269	113,314	46,610
OPERATING LOSS	(16,861)	(18,269)	(49,031)	(46,610)
OTHER INCOME (EXPENSES)
Interest expense	(8,118)	(7,860)	(16,094)	(15,731)
Foreign exchange loss	(16,461)	(48,596)	(2,725)	(72,779)
Other income	0	0	643	0
Total Other Income (Expenses)	(24,579)	(56,456)	(18,176)	(88,510)
Provision for income taxes	0	0	0	0
NET LOSS	(41,440)	(74,725)	(67,207)	(135,120)
COMPREHENSIVE LOSS
Net loss	(41,440)	(74,725)	(67,207)	(135,120)
Foreign currency adjustment	36,637	102,501	(1,134)	152,664
Total comprehensive income (loss)	$ (4,803)	$ 27,776	$ (68,341)	$ 17,544
NET LOSS PER SHARE: BASIC AND DILUTED	$ 0	$ 0	$ 0	$ 0
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	67,946,513	67,946,513	67,946,513	67,946,513

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS DEFICIT (UNAUDITED) - USD ($)	Total	Common Stock	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)	Accumulated other comprehensive loss
Balance, shares at Mar. 31, 2022		67,946,513
Balance, amount at Mar. 31, 2022	$ (1,639,129)	$ 67,947	$ 6,542,783	$ (7,784,335)	$ (465,524)
Foreign exchange translation adjustment	50,163	0	0	0	50,163
Net loss	(60,395)	$ 0	0	(60,395)	0
Balance, shares at Jun. 30, 2022		67,946,513
Balance, amount at Jun. 30, 2022	(1,649,362)	$ 67,947	6,542,783	(7,844,730)	(415,361)
Balance, shares at Mar. 31, 2022		67,946,513
Balance, amount at Mar. 31, 2022	(1,639,129)	$ 67,947	6,542,783	(7,784,335)	(465,524)
Foreign exchange translation adjustment	152,664
Net loss	(135,120)
Balance, shares at Sep. 30, 2022		67,946,513
Balance, amount at Sep. 30, 2022	(1,621,587)	$ 67,947	6,542,783	(7,919,455)	(312,860)
Balance, shares at Jun. 30, 2022		67,946,513
Balance, amount at Jun. 30, 2022	(1,649,362)	$ 67,947	6,542,783	(7,844,730)	(415,361)
Foreign exchange translation adjustment	102,501	0	0	0	102,501
Net loss	(74,725)	$ 0	0	(74,725)	0
Balance, shares at Sep. 30, 2022		67,946,513
Balance, amount at Sep. 30, 2022	(1,621,587)	$ 67,947	6,542,783	(7,919,455)	(312,860)
Balance, shares at Mar. 31, 2023		67,946,513
Balance, amount at Mar. 31, 2023	(1,687,077)	$ 67,947	6,542,783	(7,961,863)	(335,944)
Foreign exchange translation adjustment	(37,771)	0	0	0	(37,771)
Net loss	(25,766)	$ 0	0	(25,766)	0
Balance, shares at Jun. 30, 2023		67,946,513
Balance, amount at Jun. 30, 2023	(1,750,614)	$ 67,947	6,542,783	(7,987,629)	(373,715)
Balance, shares at Mar. 31, 2023		67,946,513
Balance, amount at Mar. 31, 2023	(1,687,077)	$ 67,947	6,542,783	(7,961,863)	(335,944)
Foreign exchange translation adjustment	(1,134)
Net loss	(67,207)
Balance, shares at Sep. 30, 2023		67,946,513
Balance, amount at Sep. 30, 2023	(1,755,417)	$ 67,947	6,542,783	(8,029,069)	(337,078)
Balance, shares at Jun. 30, 2023		67,946,513
Balance, amount at Jun. 30, 2023	(1,750,614)	$ 67,947	6,542,783	(7,987,629)	(373,715)
Foreign exchange translation adjustment	36,637	0	0	0	36,637
Net loss	(41,440)	$ 0	0	(41,440)	0
Balance, shares at Sep. 30, 2023		67,946,513
Balance, amount at Sep. 30, 2023	$ (1,755,417)	$ 67,947	$ 6,542,783	$ (8,029,069)	$ (337,078)

CONSOLIDATED CONDENSED STATEMEN

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (67,207)	$ (135,120)
Changes in operating assets and liabilities:
Accounts receivable	(12,131)	0
Other receivable	1,890	0
Prepaid expense	(3,937)	3,678
Accounts payable and accrued liabilities	46,356	9,707
Accrued interest	12,168	38,386
Management salary payable	27,896	28,999
Net cash provided by (used in) operating activities	5,035	(54,349)
CASH FLOWS FROM FINANCING ACTIVITIES
Advancement from related parties	43,323	5,557
Repayment to related parties	(28,787)	(4,918)
Repayment of promissory notes	(54,391)	0
Proceed from issuance of convertible notes	63,332	0
Net cash provided by financing activities	23,477	639
Effect of exchange rate changes on cash	(760)	45,697
Net change in cash and cash equivalents	27,752	(8,013)
Cash and cash equivalents - beginning of period	7,644	8,208
Cash and cash equivalents - end of period	35,396	195
Supplemental Cash Flow Disclosures
Cash paid for interest	0	0
Cash paid for income taxes	$ 0	$ 0

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	6 Months Ended
	Sep. 30, 2023
ORGANIZATION AND DESCRIPTION OF BUSINESS
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS The Company was incorporated as Spectrum Trading Inc. under the laws of the Province of British Columbia, Canada, on November 21, 1990. On May 14, 1999, the Company was discontinued in British Columbia and was reincorporated as Spectrum International Inc. in the State of Delaware, U.S.A. Effective September 3, 2004, the Company changed its name from Spectrum International Inc. to Natco International Inc. On March 11, 2009, the Company changed its name from Natco International Inc. to P2 Solar, Inc. The Company’s current business operations are focused on the construction of rooftop solar systems residential and commercial buildings in British Columbia, Canada. On February 22, 2023, the Company acquired all outstanding shares of Futricity Solar, Inc., a corporation specializing in solar system installing which is owned by the Director and Officer of the Company. Futricity Solar Inc. has become a wholly owned subsidiary of the Company. On November 24, 2022, British Columbia Securities Commission (BCSC) issued a “Partial Revocation Order” of the “Cease Trade Order” (CTO) that was issued on March 6, 2015, on all securities trading of the Company. Under the Partial Revocation Order, the Company will be allowed to complete a private placement in the province of British Columbia (the Private Placement) of up to $110,000 by way of the issuance of debt securities that are convertible into common shares at $0.03 per share. The Company reasonably believes that the proceeds raised will be sufficient to bring its continuous disclosure obligations up to date and pay all related outstanding fees and provide it with sufficient working capital to continue its business. Once all filings are up to date, the Company intends to apply to have the BC CTO fully revoked.

GOING CONCERN UNCERTAINTY

GOING CONCERN UNCERTAINTY	6 Months Ended
	Sep. 30, 2023
GOING CONCERN UNCERTAINTY
GOING CONCERN UNCERTAINTY	NOTE 2 - GOING CONCERN UNCERTAINTY As reflected in the accompanying condensed consolidated financial statements, the Company has an accumulated deficit of $8,029,069 and a net loss of $67,207 for the six months ended September 30, 2023. These factors among others raise substantial doubt about our ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent on its ability to raise additional capital and implement its business plan. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Management believes that the current actions to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern. There are no assurances that additional funds will be available when needed from any source or, if available, will be available on terms that are acceptable to us.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Sep. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company uses the accrual basis of accounting and has adopted a March 31 fiscal year end. Basis of Consolidation These consolidated financial statements include the accounts of the Company and its wholly owned subsidiary Futricity Solar, Inc. All material intercompany balances and transactions have been eliminated. Foreign Currency Translations The Company’s reporting currency is U.S. (USD) dollar and functional currency for the Company and its wholly owned subsidiary is Canadian dollar (CAD). All transactions initiated CAD are translated into U.S. dollars in accordance with ASC 830-30, “ 1) Monetary assets and liabilities at the rate of exchange in effect at the balance sheet date. 2) Equity at historical rates. 3) Revenue and expense items at the average rate of exchange prevailing during the period. Adjustments arising from such translations are deferred until realization and are included as a separate component of stockholders’ equity as a component of comprehensive income or loss. Therefore, translation adjustments are not included in determining net income (loss) but reported as other comprehensive income. Gains and losses from foreign currency transactions are included in earnings in the period of settlement. Six Months Ended Six Months Ended September 30, September 30, 2023 2022 Spot USD: CAD exchange rate 1.3520 1.3707 Average USD: CAD exchange rate 1.3421 1.2911 Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. As of September 30, 2023 and March 31, 2023, the Company had cash of $35,396 and $7,644, respectively, and had no cash equivalents. Accounts Receivable Accounts receivable are recorded in accordance with ASC 310, “Receivables.” Accounts receivable are recorded at the invoiced amount and do not bear interest. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in its existing accounts receivable. The Company does not currently have any amount recorded as an allowance for doubtful accounts. Based on management’s estimate and based on all accounts being current, the Company has not deemed it necessary to reserve for doubtful accounts at this time. As of September 30, 2023 and March 31, 2023, the Company had accounts receivable of $12,042 and $0, respectively. As of September 30, 2023, the Company has two customers contributed over 10% of the accounts receivable at 53% and 47%, respectively. Other Receivable Other receivable relates to Goods and services tax (GST) recoverable of $7,396 and $9,263 as of September 30, 2023 and March 31, 2023, respectively. Prepaid Expense Prepaid expense relates to legal retainer made for future services in advance that will be expensed over time as the benefit of the services is received in the future expected within one year. As of September 30, 2023 and March 31, 2023, prepaid expense was $3,908 and $0, respectively. Accounts Payable Accounts Payable comprised of trade payable to vendors of $266,124 and $219,896 as of September 30, 2023 and March 31, 2023, respectively. Related Parties We follow ASC 850, “Related Party Disclosures”, Fair Value of Financial Instruments The Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures,” which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements. The estimated fair value of certain financial instruments, including accounts payable and accrued liabilities. are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. The carrying amounts of our short and long term credit obligations approximate fair value because the effective yields on these obligations, which include contractual interest rates taken together with other features such as concurrent issuances of warrants and/or embedded conversion options, are comparable to rates of returns for instruments of similar credit risk. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 - quoted prices in active markets for identical assets or liabilities Level 2 - quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 - inputs that are unobservable (for example cash flow modeling inputs based on assumptions) Impairment of tangible and intangible assets Tangible and intangible assets (excluding goodwill) are assessed at each reporting date for indications that an asset may be impaired. If any such indication exists, or when annual impairment testing for an asset is required, the Company makes an estimate of the asset's recoverable amount. The asset's recoverable amount is the higher of an assets or cash-generating unit's fair value less costs of disposal and its value in use and is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets. Where the carrying amount of an asset or a group of assets exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or the group of assets. Goodwill We allocate goodwill to reporting units based on the reporting unit expected to benefit from the business combination. We evaluate our reporting units on an annual basis and, if necessary, reassign goodwill using a relative fair value allocation approach. Goodwill is tested for impairment at the reporting unit level (operating segment or one level below an operating segment) on an annual basis and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. These events or circumstances could include a significant change in the business climate, legal factors, operating performance indicators, competition, or sale or disposition of a significant portion of a reporting unit. Application of the goodwill impairment test requires judgment, including the identification of reporting units, assignment of assets and liabilities to reporting units, assignment of goodwill to reporting units, and determination of the fair value of each reporting unit. The fair value of each reporting unit is estimated primarily through the use of a discounted cash flow methodology. This analysis requires significant judgments, including estimation of future cash flows, which is dependent on internal forecasts, estimation of the long-term rate of growth for our business, estimation of the useful life over which cash flows will occur, and determination of our weighted average cost of capital. The estimates used to calculate the fair value of a reporting unit change from year to year based on operating results, market conditions, and other factors. Changes in these estimates and assumptions could materially affect the determination of fair value and goodwill impairment for each reporting unit. On February 22, 2023, the Company acquired all outstanding shares of Futricity Solar, Inc., which generated goodwill of $3,168 (CAD 4,287). The Company has accounted for the transaction in accordance with ASC 805 “Business Combinations.” (see Note 4) Based on the Company’s analysis of goodwill as of September 30, 2023 no indicators of impairment exist. No impairment loss on goodwill was recognized for the six months ended September 30, 2023. Revenue Recognition The Company recognizes revenue from the sale of products and services in accordance with ASC 606, “ Revenue Recognition Step 1: Identify the contract(s) with customers. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price. Step 4: Allocate the transaction price to performance obligations. Step 5: Recognize revenue when the entity satisfies a performance obligation. The Company’s revenue derives from installation of rooftop solar systems. For the six months ended September 30, 2023 and 2022, the Company recognized revenue of $132,066 and $0 and incurred cost of sales of $67,783 and $0, resulting in gross profit of $64,283 and $0, respectively. During the six moths ended September 30, 2023, the Company has five customers contributed over 10% of total sales at 44%, 16%, 14%, 13% and 12%. Net Income (Loss) per Share The Company computes basic and diluted net loss per share amounts in accordance with ASC Topic 260, “Earnings per Share.” Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of shares of common stock outstanding during the reporting period. Diluted loss per share reflects the potential dilution that could occur if convertible notes to issue common stock were converted resulting in the issuance of common stock that could share in the loss of the Company. For the six months ended September 30, 2023 convertible notes were potentially dilutive instruments and were not included in the calculation of diluted loss per share as their effect would be antidilutive. September 30, 2023 (Shares) Convertible Notes 3,666,667 Recently Issued Accounting Pronouncements In December 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12), which simplifies the accounting for income taxes. This guidance will be effective for entities for the fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020 on a prospective basis, with early adoption permitted. We adopted the new standard effective April 1, 2021 and there was no material impact on the Company’s financial statements. Management has considered all recent accounting pronouncements issued. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements.

ACQUISITIONS

ACQUISITIONS	6 Months Ended
	Sep. 30, 2023
ACQUISITIONS
ACQUISITIONS	NOTE 4 - ACQUISITIONS On February 22, 2023, the Company acquired all outstanding shares of Futricity Solar, Inc., a corporation specializing in solar system installation which is owned by the Director and Officer of the Company. Futricity Solar Inc. has become a wholly owned subsidiary of the Company. The purchase price is equal to 25% of future Operating Income of Futricity Solar, Inc. for the next five years calculated annually to be paid in cash annually for the next five years, payable on April 30 th The following table summarizes the fair value of the consideration paid by the Company: Total Purchase Price $ - Bank 6 Total identifiable assets 6 Shareholder Loan (2,196 ) GST Payable (977 ) Total identifiable liabilities (3,173 ) Net assets (liabilities) (3,168 ) Goodwill $ 3,168

PROMISSORY NOTES PAYABLE AND CO

PROMISSORY NOTES PAYABLE AND CONVERTIBLE NOTES PAYABLE	6 Months Ended
	Sep. 30, 2023
PROMISSORY NOTES PAYABLE AND CONVERTIBLE NOTES PAYABLE
PROMISSORY NOTES PAYABLE AND CONVERTIBLE NOTES PAYABLE	NOTE 5 - PROMISSORY NOTES PAYABLE AND CONVERTIBLE NOTES PAYABLE Promissory Notes As of September 30, 2023 and March 31, 2023, the promissory notes payable to non-affiliates are summarized as follows: September 30, March 31, Note Expiry Date 2023 2023 Promissory Note - September 2011 Due on demand $ 47,090 $ 47,090 Promissory Note - October 2013 Due on demand 25,000 25,000 Promissory Note - November 2013 Due on demand 80,000 80,000 Promissory Note - November 2013 Due on demand 30,000 30,000 Promissory Note - December 2013 Due on demand 30,000 30,000 Promissory Note - January 2014 Due on demand 10,000 10,000 Promissory Note - February 2014 Due on demand 10,000 10,000 Promissory Note - March 2014 Due on demand 10,000 10,000 Promissory Note - May 2014 Due on demand 5,000 5,000 Promissory Note - July 2014 Due on demand 10,200 10,200 Promissory Note - September 2014 Due on demand 15,000 15,000 Promissory Note - September 2015 Due on demand 200,000 200,000 Promissory Note - January 2018 Due on demand - 17,841 Promissory Note - June 2021 Due on demand - 3,695 Promissory Note - August 2021 Due on demand - 22,168 Promissory Note - August 2021 Due on demand - 7,389 Promissory Note - November 2021 Due on demand - 2,956 472,290 526,339 Less: non-current portion of promissory note payable - - Current portion of promissory note payable $ 472,290 $ 526,339 During the six months ended September 30, 2023, the Company repaid in full the promissory note payable to Azariah Zemarium in the amount of $17,841(CAD24,000). During the six months ended September 30, 2023, the Company repaid promissory notes of $36,243 (CAD 49,000). Convertible Notes As of September 30, 2023 and March 31, 2023, the convertible notes payable to non-affiliates are summarized as follows: September 30, March 31, Note Expiry Date 2023 2023 Convertible Note - December 2022 Due on demand $ 7,396 $ 7,389 Convertible Note - February 2023 Due on demand 11,095 11,084 Convertible Note - June 2023 Due on demand 22,189 - Convertible Note - August 2023 Due on demand 14,793 - convertible Note - September 2023 Due on demand 25,888 - 81,361 18,473 Less: non-current portion of convertible note payable - - Current portion of convertible note payable $ 81,361 $ 18,473 During the six months ended September 30, 2023, the Company issued convertible notes to non-affiliates totaling $62,870 (CAD85,000) . The convertible notes are due on demand, bear interest rate of 5% per annum and are convertible into common stock at CAD0.03 per share During the six months ended September 30, 2023 and 2022, the Company incurred interest expense on promissory notes and convertible notes of $16,094 and $15,731, respectively. During the six months ended September 30, 2023, the Company repaid accrued interest of $ (CAD5,124). As of September 30, 2023 and March 31, 2023, the accrued interest on the promissory notes and convertible notes was $276,816 and $264,482, respectively.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Sep. 30, 2023
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 6- RELATED PARTY TRANSACTIONS During the six months ended September 30, 2023 and September 30, 2022, the Director and Officer of the Company advanced $43,323 and $5,557 to the Company to support operating cost and was repaid of $28,787 and $4,918, respectively. During the six months ended September 30, 2023 and September 30, 2022, the Company incurred management salary to the Director and Officer of $27,896 and $28,999, respectively. As of September 30, 2023 and March 31, 2023, the accrued management salary was $663,780 and $635,477, respectively. As of September 30, 2023 and March 31, 2023, the total amount due to the Director and Officer was $719,479 and $676,706 respectively. As of September 30, 2023 and March 31, 2023, the amount due to another Director of the Company of $1,257 and $1,256, respectively. The loans to the related parties are unsecured, due on demand and non-interest bearing. As of September 30, 2023 and March 31, 2023, the total amount due to related parties was $720,736 and $677,962, respectively.

EQUITY

EQUITY	6 Months Ended
	Sep. 30, 2023
EQUITY
EQUITY	NOTE 7 - EQUITY Authorized Stock The Company has authorized 500,000,000 common voting shares with a par value of $0.001 per share. The Company has authorized 5,000,000 shares of preferred stock with a par value of $0.001 per share. The holders of preferred stock have no rights except as determined by the Board of Directors of the Company and/or provided by Delaware General Corporate Law. Common Stock As of September 30, 2023 and March 31, 2023, the issued and outstanding common stock was 67,946,513 shares.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Sep. 30, 2023
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 8 - SUBSEQUENT EVENTS Subsequent to September 30, 2023, and through the date that these financials were issued, the Company had the following subsequent events: There have been no significant Subsequent events

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Sep. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	The consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company uses the accrual basis of accounting and has adopted a March 31 fiscal year end.
Basis of Consolidation	These consolidated financial statements include the accounts of the Company and its wholly owned subsidiary Futricity Solar, Inc. All material intercompany balances and transactions have been eliminated.
Foreign Currency Translations	The Company’s reporting currency is U.S. (USD) dollar and functional currency for the Company and its wholly owned subsidiary is Canadian dollar (CAD). All transactions initiated CAD are translated into U.S. dollars in accordance with ASC 830-30, “ 1) Monetary assets and liabilities at the rate of exchange in effect at the balance sheet date. 2) Equity at historical rates. 3) Revenue and expense items at the average rate of exchange prevailing during the period. Adjustments arising from such translations are deferred until realization and are included as a separate component of stockholders’ equity as a component of comprehensive income or loss. Therefore, translation adjustments are not included in determining net income (loss) but reported as other comprehensive income. Gains and losses from foreign currency transactions are included in earnings in the period of settlement. Six Months Ended Six Months Ended September 30, September 30, 2023 2022 Spot USD: CAD exchange rate 1.3520 1.3707 Average USD: CAD exchange rate 1.3421 1.2911
Use of Estimates	The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. As of September 30, 2023 and March 31, 2023, the Company had cash of $35,396 and $7,644, respectively, and had no cash equivalents.
Accounts Receivable	Accounts receivable are recorded in accordance with ASC 310, “Receivables.” Accounts receivable are recorded at the invoiced amount and do not bear interest. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in its existing accounts receivable. The Company does not currently have any amount recorded as an allowance for doubtful accounts. Based on management’s estimate and based on all accounts being current, the Company has not deemed it necessary to reserve for doubtful accounts at this time. As of September 30, 2023 and March 31, 2023, the Company had accounts receivable of $12,042 and $0, respectively. As of September 30, 2023, the Company has two customers contributed over 10% of the accounts receivable at 53% and 47%, respectively.
Other Receivable	Other receivable relates to Goods and services tax (GST) recoverable of $7,396 and $9,263 as of September 30, 2023 and March 31, 2023, respectively.
Prepaid Expense	Prepaid expense relates to legal retainer made for future services in advance that will be expensed over time as the benefit of the services is received in the future expected within one year. As of September 30, 2023 and March 31, 2023, prepaid expense was $3,908 and $0, respectively.
Accounts Payable	Accounts Payable comprised of trade payable to vendors of $266,124 and $219,896 as of September 30, 2023 and March 31, 2023, respectively.
Related Parties	We follow ASC 850, “Related Party Disclosures”,
Fair Value of Financial Instruments	The Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures,” which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements. The estimated fair value of certain financial instruments, including accounts payable and accrued liabilities. are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. The carrying amounts of our short and long term credit obligations approximate fair value because the effective yields on these obligations, which include contractual interest rates taken together with other features such as concurrent issuances of warrants and/or embedded conversion options, are comparable to rates of returns for instruments of similar credit risk. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 - quoted prices in active markets for identical assets or liabilities Level 2 - quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 - inputs that are unobservable (for example cash flow modeling inputs based on assumptions)
Impairment of tangible and intangible assets	Tangible and intangible assets (excluding goodwill) are assessed at each reporting date for indications that an asset may be impaired. If any such indication exists, or when annual impairment testing for an asset is required, the Company makes an estimate of the asset's recoverable amount. The asset's recoverable amount is the higher of an assets or cash-generating unit's fair value less costs of disposal and its value in use and is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets. Where the carrying amount of an asset or a group of assets exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or the group of assets.
Goodwill	We allocate goodwill to reporting units based on the reporting unit expected to benefit from the business combination. We evaluate our reporting units on an annual basis and, if necessary, reassign goodwill using a relative fair value allocation approach. Goodwill is tested for impairment at the reporting unit level (operating segment or one level below an operating segment) on an annual basis and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. These events or circumstances could include a significant change in the business climate, legal factors, operating performance indicators, competition, or sale or disposition of a significant portion of a reporting unit. Application of the goodwill impairment test requires judgment, including the identification of reporting units, assignment of assets and liabilities to reporting units, assignment of goodwill to reporting units, and determination of the fair value of each reporting unit. The fair value of each reporting unit is estimated primarily through the use of a discounted cash flow methodology. This analysis requires significant judgments, including estimation of future cash flows, which is dependent on internal forecasts, estimation of the long-term rate of growth for our business, estimation of the useful life over which cash flows will occur, and determination of our weighted average cost of capital. The estimates used to calculate the fair value of a reporting unit change from year to year based on operating results, market conditions, and other factors. Changes in these estimates and assumptions could materially affect the determination of fair value and goodwill impairment for each reporting unit. On February 22, 2023, the Company acquired all outstanding shares of Futricity Solar, Inc., which generated goodwill of $3,168 (CAD 4,287). The Company has accounted for the transaction in accordance with ASC 805 “Business Combinations.” (see Note 4) Based on the Company’s analysis of goodwill as of September 30, 2023 no indicators of impairment exist. No impairment loss on goodwill was recognized for the six months ended September 30, 2023.
Revenue Recognition	The Company recognizes revenue from the sale of products and services in accordance with ASC 606, “ Revenue Recognition Step 1: Identify the contract(s) with customers. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price. Step 4: Allocate the transaction price to performance obligations. Step 5: Recognize revenue when the entity satisfies a performance obligation. The Company’s revenue derives from installation of rooftop solar systems. For the six months ended September 30, 2023 and 2022, the Company recognized revenue of $132,066 and $0 and incurred cost of sales of $67,783 and $0, resulting in gross profit of $64,283 and $0, respectively. During the six moths ended September 30, 2023, the Company has five customers contributed over 10% of total sales at 44%, 16%, 14%, 13% and 12%.
Net Income (Loss) per Share	The Company computes basic and diluted net loss per share amounts in accordance with ASC Topic 260, “Earnings per Share.” Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of shares of common stock outstanding during the reporting period. Diluted loss per share reflects the potential dilution that could occur if convertible notes to issue common stock were converted resulting in the issuance of common stock that could share in the loss of the Company. For the six months ended September 30, 2023 convertible notes were potentially dilutive instruments and were not included in the calculation of diluted loss per share as their effect would be antidilutive. September 30, 2023 (Shares) Convertible Notes 3,666,667
Recently Issued Accounting Pronouncements	In December 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12), which simplifies the accounting for income taxes. This guidance will be effective for entities for the fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020 on a prospective basis, with early adoption permitted. We adopted the new standard effective April 1, 2021 and there was no material impact on the Company’s financial statements. Management has considered all recent accounting pronouncements issued. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Sep. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of foreign currency translations	Six Months Ended Six Months Ended September 30, September 30, 2023 2022 Spot USD: CAD exchange rate 1.3520 1.3707 Average USD: CAD exchange rate 1.3421 1.2911
Schedule of net income loss	September 30, 2023 (Shares) Convertible Notes 3,666,667

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	6 Months Ended
	Sep. 30, 2023
ACQUISITIONS
Summary of fair value of the consideration paid	Total Purchase Price $ - Bank 6 Total identifiable assets 6 Shareholder Loan (2,196 ) GST Payable (977 ) Total identifiable liabilities (3,173 ) Net assets (liabilities) (3,168 ) Goodwill $ 3,168

PROMISSORY NOTES PAYABLE (Table

PROMISSORY NOTES PAYABLE (Tables)	6 Months Ended
	Sep. 30, 2023
PROMISSORY NOTES PAYABLE AND CONVERTIBLE NOTES PAYABLE
Summary of promissory notes payable to non-affiliates	September 30, March 31, Note Expiry Date 2023 2023 Promissory Note - September 2011 Due on demand $ 47,090 $ 47,090 Promissory Note - October 2013 Due on demand 25,000 25,000 Promissory Note - November 2013 Due on demand 80,000 80,000 Promissory Note - November 2013 Due on demand 30,000 30,000 Promissory Note - December 2013 Due on demand 30,000 30,000 Promissory Note - January 2014 Due on demand 10,000 10,000 Promissory Note - February 2014 Due on demand 10,000 10,000 Promissory Note - March 2014 Due on demand 10,000 10,000 Promissory Note - May 2014 Due on demand 5,000 5,000 Promissory Note - July 2014 Due on demand 10,200 10,200 Promissory Note - September 2014 Due on demand 15,000 15,000 Promissory Note - September 2015 Due on demand 200,000 200,000 Promissory Note - January 2018 Due on demand - 17,841 Promissory Note - June 2021 Due on demand - 3,695 Promissory Note - August 2021 Due on demand - 22,168 Promissory Note - August 2021 Due on demand - 7,389 Promissory Note - November 2021 Due on demand - 2,956 472,290 526,339 Less: non-current portion of promissory note payable - - Current portion of promissory note payable $ 472,290 $ 526,339
Summary of covertible notes payable to non-affiliates	September 30, March 31, Note Expiry Date 2023 2023 Convertible Note - December 2022 Due on demand $ 7,396 $ 7,389 Convertible Note - February 2023 Due on demand 11,095 11,084 Convertible Note - June 2023 Due on demand 22,189 - Convertible Note - August 2023 Due on demand 14,793 - convertible Note - September 2023 Due on demand 25,888 - 81,361 18,473 Less: non-current portion of convertible note payable - - Current portion of convertible note payable $ 81,361 $ 18,473

ORGANIZATION AND DESCRIPTION _2

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative)	1 Months Ended
	Nov. 24, 2022 USD ($) $ / shares
ORGANIZATION AND DESCRIPTION OF BUSINESS
Issuance of debt securities | $	$ 110,000
Convertible common shares price | $ / shares	$ 0.03

GOING CONCERN UNCERTAINTY (Deta

GOING CONCERN UNCERTAINTY (Details Narrative) - USD ($)	3 Months Ended				6 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Mar. 31, 2023
GOING CONCERN UNCERTAINTY
Accumulated deficit	$ (8,029,069)				$ (8,029,069)		$ (7,961,863)
Net loss	$ (41,440)	$ (25,766)	$ (74,725)	$ (60,395)	$ (67,207)	$ (135,120)

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Foreign Exchange [Member]	Sep. 30, 2023	Sep. 30, 2022
Spot USD, CAD exchange rate	1.3520	1.3707
Average USD: CAD exchange rate	1.3421	1.2911

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1)	Sep. 30, 2023 shares
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Convertible Notes	3,666,667

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Mar. 31, 2023
Prepaid Expense	$ 3,908		$ 3,908		$ 0
Total Sales Revenue			10%
Cash	35,396		$ 35,396		7,644
Gross Profit	42,542	$ 0	64,283	$ 0
Other Receivable	7,396		7,396		9,263
Cost of sales	$ 49,857	0	$ 67,783	0
Accounts receivable percentage	10%		10%
Accounts receivable	$ 12,042		$ 12,042		0
Revenue	92,399	$ 0	132,066	$ 0
Accounts payable and accrued liabilities	266,124		266,124		219,896
Goodwill	$ 3,168		$ 3,168		$ 3,168
Customer One [Member]
Total Sales Revenue			44%
Accounts receivable percentage	47%		47%
Customer Three [Member]
Total Sales Revenue			14%
Customer Two [Member]
Total Sales Revenue			16%
Accounts receivable percentage	53%		53%
Customer Four [Member]
Total Sales Revenue			13%
Customer Five [Member]
Total Sales Revenue			12%

ACQUISITIONS (Details)

ACQUISITIONS (Details) - USD ($)	Sep. 30, 2023	Mar. 31, 2023
ACQUISITIONS
Total Purchase Price	$ 0
Bank	6
Total identifiable assets	6
Shareholder Loan	(2,196)
GST Payable	(977)
Total identifiable liabilities	(3,173)
Net assets (liabilities)	(3,168)
Goodwill	$ 3,168	$ 3,168

ACQUISITIONS (Details Narrative

ACQUISITIONS (Details Narrative)	1 Months Ended
	Feb. 22, 2023
ACQUISITIONS
Purchase price	25%

PROMISSORY NOTES PAYABLE (Detai

PROMISSORY NOTES PAYABLE (Details ) - USD ($)	6 Months Ended
	Sep. 30, 2023	Mar. 31, 2023
Promissory notes payable	$ 472,290	$ 526,339
Less: non-current portion of promissory note payable	0	0
Current portion of promissory note payable	472,290	526,339
January 2018 [Member] | Promissory Note [Member]
Promissory notes payable	$ 0	17,841
Expiry Date	Due on demand
September 2011 [Member] | Promissory Note [Member]
Promissory notes payable	$ 47,090	47,090
Expiry Date	Due on demand
October 2013 [Member] | Promissory Note [Member]
Promissory notes payable	$ 25,000	25,000
Expiry Date	Due on demand
November 2013 [Member] | Promissory Note [Member]
Promissory notes payable	$ 80,000	80,000
Expiry Date	Due on demand
November 2013 [Member] | Promissory Note 1 [Member]
Promissory notes payable	$ 30,000	30,000
Expiry Date	Due on demand
December 2013 [Member] | Promissory Note [Member]
Promissory notes payable	$ 30,000	30,000
Expiry Date	Due on demand
January 2014 [Member] | Promissory Note [Member]
Promissory notes payable	$ 10,000	10,000
Expiry Date	Due on demand
February 2014 [Member] | Promissory Note [Member]
Promissory notes payable	$ 10,000	10,000
Expiry Date	Due on demand
March 2014 [Member] | Promissory Note [Member]
Promissory notes payable	$ 10,000	10,000
Expiry Date	Due on demand
May2014 [Member] | Promissory Note 1 [Member]
Promissory notes payable	$ 5,000	5,000
Expiry Date	Due on demand
July 2014 [Member] | Promissory Note [Member]
Promissory notes payable	$ 10,200	10,200
Expiry Date	Due on demand
September 2014 [Member] | Promissory Note [Member]
Promissory notes payable	$ 15,000	15,000
Expiry Date	Due on demand
September 2015 [Member] | Promissory Note [Member]
Promissory notes payable	$ 200,000	200,000
Expiry Date	Due on demand
June 2021 [Member] | Promissory Note [Member]
Promissory notes payable	$ 0	3,695
Expiry Date	Due on demand
August 2021 [Member] | Promissory Note [Member]
Promissory notes payable	$ 0	22,168
Expiry Date	Due on demand
August 2021 [Member] | Promissory Note 1 [Member]
Promissory notes payable	$ 0	7,389
Expiry Date	Due on demand
November 2021 [Member] | Promissory Note [Member]
Promissory notes payable	$ 0	$ 2,956
Expiry Date	Due on demand

PROMISSORY NOTES PAYABLE (Det_2

PROMISSORY NOTES PAYABLE (Details 1 ) - USD ($)	6 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Mar. 31, 2023
Current portion of convertible note payable	$ 81,361	$ 18,473
Convertible notes payable	81,361		$ 18,473
Less: non-current portion of convertible note payable	0		0
Convertible Notes [Member] | June 2023 [Member]
Convertible notes payable	$ 22,189		0
Expiry Date	Due on demand
Convertible Notes [Member] | August 2023 [Member]
Convertible notes payable	$ 14,793		0
Expiry Date	Due on demand
Convertible Notes [Member] | December 2022 [Member]
Convertible notes payable	$ 7,396		7,389
Expiry Date	Due on demand
Convertible Notes [Member] | February 2023 [Member]
Convertible notes payable	$ 11,095		11,084
Expiry Date	Due on demand
Convertible Note [Member] | September 2023 [Member]
Convertible notes payable	$ 25,888		$ 0
Expiry Date	Due on demand

PROMISSORY NOTES PAYABLE (Det_3

PROMISSORY NOTES PAYABLE (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Mar. 31, 2023
Debt interest rate			5%
Accrued interest on promissory notes	$ 276,816		$ 276,816		$ 264,482
Issued of promissory note			36,243
Notes payble			54,391	$ 0
Convertible notes			62,870
Convertible notes			81,361	18,473
Interest expense on promissory notes	$ 8,118	$ 7,860	$ 16,094	$ 15,731
Promissory Notes [Member]
Debt interest rate			5%
Convertible notes			$ 15,731
Accrued interest					$ 264,482
Azariah Zemarium [Member]
Issued of promissory note			17,841
Notes payble			$ 24,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended			6 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Mar. 31, 2023
Management salaries- related party	$ 13,955	$ 14,338	$ 14,662	$ 27,896	$ 28,999
Due to Related Parties amount	720,736			720,736		$ 677,962
Accrued management salary-related party	719,479			719,479		676,706
Another Director
Due to related party amount					1,256	1,257
Director and Officer
Repayment to related party				28,787	4,918
Advanced from related party				43,323	5,557
Due to related party	$ 663,780			663,780		$ 635,477
Management salaries- related party				$ 27,896	$ 28,999

EQUITY (Details Narrative)

EQUITY (Details Narrative) - $ / shares	Sep. 30, 2023	Mar. 31, 2023
EQUITY
Common stock, shares authorized	500,000,000	500,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	67,946,513	67,946,513
Common stock, shares outstanding	67,946,513	67,946,513
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, par value	$ 0.001	$ 0.001