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LOANS PAYABLE
 9 Months Ended 12 Months Ended
Dec. 31, 2025
Mar. 31, 2025
Debt Disclosure [Abstract]    
LOANS PAYABLE

 

6.LOANS PAYABLE

 

Loan activity consisted of the following:

 

For the period ended  December 31, 2025   March 31, 2025 
Balance, beginning of the year  $139,039   $140,904 
Repayment   (1,938)   (7,106)
Interest expense   3,935    5,241 
Balance, end of the period  $141,036   $139,039 

 

On June 5, 2020, the Company received a $142,400 loan from the U.S. Small Business Administration. The loan is secured by all tangible and intangible personal property of VTU, and bears interest of 3.75% per annum and requires monthly payments of $646 starting in June 2021 with a maturity of 30 years.

7. LOANS PAYABLE

 

Loan activity consisted of the following:

 

For the year ended  March 31, 2025   March 31, 2024 
Balance, beginning of the year  $140,904   $143,331 
Repayment   (7,106)   (7,752)
Interest expense   5,241    5,325 
Balance, end of the year  $139,039   $140,904 

 

On June 5, 2020, the Company received a $142,400 loan from the U.S. Small Business Administration. The loan is secured by all tangible and intangible personal property of VTU, and bears interest of 3.75% per annum and requires monthly payments of $646 starting in June 2021 with a maturity of 30 years.

 

In the year ended March 31 2025, the Company incurred and additional interest expenses of $6,515 (March 31, 2024 - $nil) regarding the financing of the Directors and Officers insurance payment (“D&O”).

 

In the year ended March 31 2025, the Company did not incur ay interest expenses (March 31, 2024 - $5,105) regarding the lease payments.