v3.26.1
INTERNAL-USE SOFTWARE
 12 Months Ended
Mar. 31, 2026
Intangible Asset, Goodwill and Other [Abstract]  
INTERNAL-USE SOFTWARE

NOTE 6 – INTERNAL-USE SOFTWARE

 

As of March 31, 2025, the Company had capitalized costs of $4,070,000 relating to the acquisition of MEI’s Millenium Payment Hub platform (“MPH”). The Company also had capitalized costs of $551,683 relating to the parent internal-use software. The parent internal-use software was developed by a third party and passed the preliminary project stage prior to capitalization. For the year ended March 31, 2026, the Company did not incur any internal-use software development costs on the parent company software. Amortization of the internal-use software of the parent will begin once the software is placed in service, which management has determined will start once service revenues begin.

             
   Useful Life (Years)  March 31, 2026   March 31, 2025 
Prepaid Debit/Credit Card software  5  $551,683   $551,683 
Millenium Payment Hub platform  10   4,070,000    4,070,000 
Other Intangible asset - Payment Hub  5   10,782,814    – 
Less: Accumulated amortization      (3,014,934)   (120,362)
Total     $12,389,563   $4,501,321 

 

The carrying value of the MPH software and related accumulated amortization is summarized in the table below:

     
   Millenium Payment Hub 
Carrying value of MPH software - date of acquisition December 13, 2024 (Subject to measurement period revaluation – See Note 5)  $4,070,000 
Additions: Reclassification of Payment Hub intangible asset   10,782,814 
Less: Amortization   (3,014,934)
Carrying value at March 31, 2026  $11,837,880 

 

Total estimated future amortization expense for the intangible asset is as follows:

 

     
Fiscal Year ended December 31,    
2026  $2,962,526 
2027   2,673,899 
2028   2,673,899 
2029   2,563,563 
2030   2,563,563 
Thereafter   407,000 
Total  $13,844,450