Form 10-Q - Quarterly report [Sections 13 or 15(d)]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended June 30, 2024

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______________ to ______________

Commission File No. 000-56060

BlueOne Card, Inc.

(Exact name of small business issuer as specified in its charter)

nevada		26-0478989
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

4695 MacArthur Court, Suite 1100

Newport Beach, CA 92660

(Address of principal executive offices)

(800) 210-9755

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
N/A		N/A		N/A

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☒
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒

The number of shares of Common Stock, $0.001 par value, of the registrant outstanding at August 19, 2024 was 12,106,204.

TABLE OF CONTENTS

		Page No.
PART I.		1

Item 1. Financial Statements		1

Condensed Balance Sheets as of June 30, 2024 (Unaudited) and March 31, 2024		1

Condensed Statements of Operations for the Three Months ended June 30, 2024 and 2023 (Unaudited)		2

Condensed Statements of Changes in Stockholders’ Equity (Deficit) for the Three Months ended June 30, 2024 and 2023 (Unaudited)		3

Condensed Statements of Cash Flows for the Three Months ended June 30, 2024 and 2023 (Unaudited)		4

Notes to Condensed Financial Statements (Unaudited)		5

Item 2. Management’s Discussion and Analysis or Plan of Operation		16

Item 3. Quantitative and Qualitative Disclosures About Market Risks.		23

Item 4. Controls and Procedures		23

PART II.		24

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds		24

Item 5. Other Information		24

Item 6. Exhibits.		24

SIGNATURES		25

FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q (“Form 10-Q”) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including, but not limited to, any projections of earnings, revenue or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements concerning proposed new products or developments; any statements regarding future economic conditions or performance; any statements of belief; and any statements of assumptions underlying any of the foregoing. Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and inherent risks and uncertainties.

Forward-looking statements may include the words “may,” “could,” “estimate,” “intend,” “continue,” “believe,” “expect,” “desire,” “goal,” “should,” “objective,” “seek,” “plan,” “strive” or “anticipate,” as well as variations of such words or similar expressions, or the negatives of these words. These forward-looking statements present our estimates and assumptions only as of the date of this Form 10-Q. Except for our ongoing obligation to disclose material information as required by the federal securities laws, we do not intend, and undertake no obligation, to update any forward-looking statement. We caution readers not to place undue reliance on any such forward-looking statements. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes will likely vary materially from those indicated.

PART I.

Item 1. Financial Statements.

BLUEONE CARD, INC.

CONDENSED BALANCE SHEETS

	June 30, 2024			March 31, 2024
	(Unaudited)
ASSETS
Current Assets
Cash	$	15,353		$	75,063
Prepaid deposits and other current assets		6,759			6,759
Total Current Assets		22,112			81,822

Property and equipment, net		235,791			268,593
Internal-use software development		551,683			551,683
Right-of-use asset		68,921			79,543
Deposits		4,391			4,391
Total Assets	$	882,898		$	986,032

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Accounts payable and accrued liabilities	$	116,855		$	72,473
Compensation payable to officer		621,238			571,325
Related party payables		17,284			20,595
Lease liability - current maturity		42,922			41,466
Total Current Liabilities		798,299			705,859

Lease liability - net of current maturity		24,156			35,371
Total Liabilities		822,455			741,230

Commitments and Contingencies (See Note 7)		-			-

Stockholders’ Equity
Preferred stock, $0.001 par value; 25,000,000 shares authorized, Series A Preferred Stock, 1,000,000 shares designated, 292,000 shares issued and outstanding at June 30, 2024 and March 31, 2024, respectively		292			292
Common stock, $0.001 par value; 500,000,000 shares authorized, 12,106,204 shares and 12,072,454 shares issued and outstanding at June 30, 2024 and March 31, 2024, respectively		12,106			12,073
Additional paid in capital		4,179,156			4,044,189
Stock subscriptions received		-			60,000
Accumulated deficit		(4,131,111	)		(3,871,752	)
Total Stockholders’ Equity		60,443			244,802

Total Liabilities and Stockholders’ Equity	$	882,898		$	986,032

The accompanying notes are an integral part of these unaudited condensed financial statements.

BLUEONE CARD, INC.

CONDENSED STATEMENTS OF OPERATIONS

(UNAUDITED)

	2024			2023
	For the Three Months Ended June 30,
	2024			2023
Revenues	$	-		$	-

Cost of sales		-			-
Cost of sales - Inventory reserve		-			-

Gross Profit (Loss)		-			-

Operating Expenses
Legal and filing fees		3,086			2,709
Rent		37,789			37,789
General and administrative		216,730			283,007
Total Operating Expenses		257,605			323,505

Loss from Operations		(257,605	)		(323,505	)

Other Income (Expense)
Interest income		-			593
Interest expense		(1,754	)		(17	)
Total Other Income (Expense)		(1,754	)		576

Loss before Income Taxes		(259,359	)		(322,929	)

Provision for Income Tax		-			-

Net Loss	$	(259,359	)	$	(322,929	)

Basic and Diluted Net Loss Per Share	$	(0.02	)	$	(0.03	)

Weighted Average Number of Shares Outstanding - Basic and Diluted		12,090,050			11,392,159

The accompanying notes are an integral part of these unaudited condensed financial statements.

BLUEONE CARD, INC.

CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)

(UNAUDITED)

	Shares		Amount		Shares		Amount		Capital		Received			Deficit			Equity
For the Three Months Ended June 30, 2024
	Preferred Stock				Common Stock				Additional Paid-in		Subscriptions			Accumulated			Total
	Shares		Amount		Shares		Amount		Capital		Received			Deficit			Equity
Balance - March 31, 2024		292,000	$	292		12,072,454	$	12,072	$	4,044,190	$	60,000		$	(3,871,752	)	$	244,802
Sale of common stock		-		-		33,750		34		134,966		-			-			135,000
Stock subscriptions received		-		-		-		-		-		(60,000	)		-			(60,000	)
Net loss		-		-		-		-		-		-			(259,359	)		(259,359	)
Balance - June 30, 2024		292,000	$	292		12,106,204	$	12,106	$	4,179,156	$	-		$	(4,131,111	)	$	60,443

For the Three Months ended June 30, 2023
	Preferred Stock				Common Stock				Additional Paid-in		Subscriptions			Accumulated			Total Equity
	Shares		Amount		Shares		Amount		Capital		Received			Deficit			(Deficit)
Balance - March 31, 2023		292,000	$	292		10,336,004	$	10,336	$	2,093,226	$	617,700		$	(2,258,612	)		462,942
Balance		292,000	$	292		10,336,004	$	10,336	$	2,093,226	$	617,700		$	(2,258,612	)		462,942
Sale of common stock		-		-		1,697,700		1,698		1,796,002		(617,700	)		-			1,180,000
Net loss		-		-		-		-		-		-			(322,929	)		(322,929	)
Balance - June 30, 2023		292,000	$	292		12,033,704	$	12,034	$	3,889,228	$	-		$	(2,581,541	)	$	1,320,013
Balance		292,000	$	292		12,033,704	$	12,034	$	3,889,228	$	-		$	(2,581,541	)	$	1,320,013

The accompanying notes are an integral part of these unaudited condensed financial statements.

BLUEONE CARD, INC.

CONDENSED STATEMENTS OF CASH FLOWS

(UNAUDITED)

	2024			2023
	For the Three Months Ended June 30,
	2024			2023
Cash Flows From Operating Activities:
Net loss	$	(259,359	)	$	(322,929	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		32,802			18,026
Non-cash rent expense		862			862
Changes in operating assets and liabilities:
Decrease in prepaid deposits and other current assets		-			289
Increase (decrease) in accounts payable and accrued liabilities		44,383			(10,386	)
(Decrease) in customer deposit		-			(4,392	)
Increase in compensation payable to officer		49,913			45,375
(Decrease) in related party payables		(3,311	)		-
Net Cash Used In Operating Activities		(134,710	)		(273,155	)

Cash Flows From Investing Activities:
Cash paid for purchase of internal-use software development costs		-			(140,001	)
Cash paid for purchase of property and equipment		-			(194,555	)
Net Cash Used In Investing Activities		-			(334,556	)

Cash Flows From Financing Activities:
Cash proceeds from sale of common stock		75,000			1,180,000
Net Cash Provided By Financing Activities		75,000			1,180,000

Net (Decrease) Increase in Cash		(59,710	)		572,289

Cash - Beginning of the Period		75,063			668,118

Cash - End of the Period	$	15,353		$	1,240,407

Supplemental Disclosures of Cash Flows
Cash paid for interest	$	1,754		$	3,510
Cash paid for income taxes	$	-		$	-

Supplemental Disclosures of Non-Cash Investing and Financing Activities
Present value of initial lease liability and right-of-use asset		-		$	70,844

The accompanying notes are an integral part of these unaudited condensed financial statements.

BLUEONE CARD, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

June 30, 2024

(Unaudited)

NOTE 1 – NATURE OF OPERATIONS, GOING CONCERN AND BASIS OF PRESENTATION

General

BlueOne Card, Inc. (the “Company”) was incorporated on July 6, 2007 under the laws of the state of Nevada. The Company provides innovative payout solutions and prepaid debit card and gift card solutions to consumers and corporations transforming card-to-card cross border real time global money transfers.

Going Concern

These condensed financial statements have been prepared on a going concern basis which contemplates the realization of assets and settlement of liabilities and commitments in the normal course of business. The Company has not yet generated any significant revenues and has suffered operating losses since July 6, 2007 (Inception Date) to date. The Company recorded a net loss of $259,359, and used net cash flows in operating activities of $134,710 for the three months ended June 30, 2024, and has an accumulated deficit and working capital deficit of $4,131,111 and $776,187, as of June 30, 2024. These factors, among others, raise a substantial doubt regarding the Company’s ability to continue as a going concern operation for a period of 12 months from the issuance date of these condensed financial statements. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary financing to continue operations, and the attainment of profitability. If the Company is unable to obtain adequate capital, it could be forced to cease operations. The accompanying condensed financial statements do not include any adjustments to reflect 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.

Basis of Presentation

The interim unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”), and include the accounts of the Company. The preparation of interim condensed financial statements requires management to make assumptions and estimates that impact the amounts reported. The interim condensed financial statements and accompanying notes are the representations of the Company’s management, who is responsible for their integrity and objectivity. These interim condensed financial statements, reflect all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the Company’s results of operations, financial position and cash flows for the interim periods ended June 30, 2024 and 2023; however, certain information and footnote disclosures normally included in our audited annual financial statements, as included in the Company’s interim condensed financial statements, have been condensed or omitted pursuant to such SEC rules and regulations and accounting principles applicable for interim periods. These unaudited condensed financial statements should be read in conjunction with the financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K/A for the year ended March 31, 2024, filed with the SEC on July 15, 2024. It is important to note that the Company’s results of operations and cash flows for interim periods are not necessarily indicative of the results of operations and cash flows to be expected for a full fiscal year or any other interim period.

BLUEONE CARD, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

June 30, 2024

(Unaudited)

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following summary of significant accounting policies of the Company is presented to assist in the understanding of the Company’s financial statements. These accounting policies conform to US GAAP in all material respects and have been consistently applied in preparing the accompanying financial statements.

Use of 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 revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the valuation of its assets, liabilities, equity and operations. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about its estimates that are not readily apparent from other sources. Significant estimates in the accompanying financial statements include the valuation of note receivable, valuation of inventory, valuation of internal-use software development costs, valuation of lease liabilities and right-of-use assets, valuation of stock-based compensation and valuation of deferred tax assets. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

Cash and Cash Equivalents

The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. The Company did not have any cash equivalents as of June 30, 2024 and March 31, 2024, respectively.

Concentrations

Cash Concentration

Cash is maintained at one financial institution and at times, balances may exceed federally insured limits. We have not experienced any losses related to these balances. As of June 30, 2024 and March 31, 2024, the Company did not have any cash balances in a financial institution which exceeded federally insured limits. Any loss incurred or a lack of access to such funds could have a significant adverse impact on the Company’s financial condition, results of operation and cash flows.

Significant Vendor and Concentration

The Company relied solely on one vendor for key components and processing services related to the manufacturing, distribution and servicing of its prepaid debit cards and gift cards. The same vendor was also the sole developer and provider of the software for Company’s operations. The Company terminated its relationship with this vendor on or around December 18, 2023, and entered into an agreement with a new vendor on February 27, 2024.

Loans Receivable

The Company has advanced loans during fiscal 2024 to certain third parties on short-term basis. The Company assesses loans for their collectability under ASC 326 – Financial Instruments – Credit Losses and recognizes and records a reserve accordingly. For the three months ended June 30, 2024 and year ended March 31, 2024, the Company has advanced $0 and $102,305 in loans receivables. The Company has assessed the collectability of these loans receivables and provided a 100% allowance for uncollectable as of June 30, 2024 and March 31, 2024, respectively.

Inventory

Inventory historically was of finished goods which consisted of plastic prepaid debit cards and gift cards not yet loaded with funds, and is valued at the lower of cost or net realizable value using the specific identification method. The reported net value of inventory includes saleable prepaid debit cards and gift cards that will be sold or used in future periods. The Company reserves for obsolete and slow-moving inventory. At June 30, 2024 and March 31, 2024, the Company had a reserve of $0 and $99,285 to reduce the inventory to its net realizable value.

Property and Equipment

Property and equipment are recorded at cost, less accumulated depreciation. The Company provides for depreciation on a straight-line basis over the estimated useful lives of the assets which range from three to five years. Leasehold improvements are amortized over the shorter of the lease term or the estimated useful life of the related assets when they are placed into service. The Company evaluates property and equipment for impairment periodically to determine if changes in circumstances or the occurrence of events suggest the carrying value of the asset or asset group may not be recoverable. Maintenance and repairs are charged to operations as incurred. Expenditures which substantially increase the useful lives of the related assets are capitalized.

BLUEONE CARD, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

June 30, 2024

(Unaudited)

Internal-Use Software Development Costs

Costs incurred to develop internal-use software during the preliminary project stage are expensed as incurred. Internal-use software development costs are capitalized during the application development stage, which is after: (i) the preliminary project stage is completed; and (ii) management authorizes and commits to funding the project and it is probable the project will be completed and used to perform the function intended. Capitalization ceases at the point the software project is substantially complete and ready for its intended use, and after all substantial testing is completed. Upgrades and enhancements are capitalized if it is probable that those expenditures will result in additional functionality. Amortization is provided for on a straight-line basis over the expected useful life of five years of the internal-use software development costs and related upgrades and enhancements. When existing software is replaced with new software, the unamortized costs of the old software are expensed when the new software is ready for its intended use.

The Company conducts a qualitative assessment of internal-use software impairment using the guidelines of ASC 350-40-35-1 Internal-Use Software. If impairment is indicated, then the Company conducts a quantitative impairment test under ASC 360 for long lived assets (see below).

Long-lived Assets

In accordance with Accounting Standards Codification (“ASC”) ASC 360, “Property, Plant, and Equipment”, the Company tests long-lived assets or asset groups for recoverability when events or changes in circumstances indicate that their carrying amount may not be recoverable. Circumstances which could trigger a review include, but are not limited to: significant decreases in the market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that the asset will more likely than not be sold or disposed of significantly before the end of its estimated useful life. Recoverability is assessed based on the carrying amount of the asset compared to the estimated future undiscounted cash flows expected to result from the use and the eventual disposal of the asset, as well as specific appraisal in certain instances. An impairment loss equal to the excess of the carrying value over the assets fair market value is recognized when the carrying amount exceeds the undiscounted cash flows. The impairment loss is recorded as an expense and a direct write-down of the asset. No impairment loss was recorded during the three months ended June 30, 2024 and 2023, respectively.

Leases

The Company has operating leases for its offices. Management determines if an arrangement is a lease at inception of the contract and whether a contract is or contains a lease by determining whether it conveys the right to control the use of the identified asset for a period of time. If the contract provides the Company the right to substantially all of the economic benefits from the use of the identified asset and the right to direct the use of the identified asset, the Company considers it to be, or contain, a lease.

The Company accounts for its vehicle leases under ASC 842, Leases. Under this guidance, arrangements meeting the definition of a lease are classified as operating or financing leases and are recorded on the balance sheet as both a right of use asset and lease liability, calculated by discounting fixed lease payments over the lease term at the rate implicit in the lease or the Company’s incremental borrowing rate which is consummate with the respective lease term. Lease liabilities are increased by interest and reduced by payments each period, and the right of use asset is amortized over the lease term. For operating leases, interest on the lease liability and the amortization of the right of use asset result in straight-line rent expense over the lease term.

In calculating the right of use asset and lease liability, the Company elects to include only the lease components as permitted under ASC 842. The Company expenses non-lease components as incurred. The Company excludes short-term leases having initial terms of 12 months or less from the new guidance as an accounting policy election and recognizes rent expense on a straight-line basis over the lease term.

BLUEONE CARD, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

June 30, 2024

(Unaudited)

Fair value of Financial Instruments and Fair Value Measurements

ASC 820, “Fair Value Measurements and Disclosures”, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The Company has established a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability.

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

The Company’s financial instruments consist principally of prepaid assets, accounts payable and accrued liabilities, related party payable, and lease liability. The Company believes that the recorded values of all the financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.

Revenue Recognition

The Company recognizes revenues from card sales when the product is deemed delivered to the customer, and the ownership/control is transferred. The Company will recognize revenue from card service fees and card transactions once the service or transaction is completed, respectively. The Company’s revenue recognition policy is based on the revenue recognition criteria established under the Financial Accounting Standards Board – Accounting Standards Codification 606 “Revenue From Contracts With Customers” which has established a five-step process to govern contract revenue and satisfy each element is as follows: (1) Identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when or as you satisfy a performance obligation. The Company records the revenue once all the above steps are completed. The Company recorded $0 and $0 in revenues for the three months ended June 30, 2024 and 2023, respectively, from the sale of the prepaid debit or gift cards to its customers.

Stock-based Compensation

The Company accounts for equity-based transactions with non-employees under the provisions of ASC Topic No. 505-50, Equity-Based Payments to Non-Employees (“ASC 505-50”). The Company has established that equity-based payment transactions with non-employees shall be measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. Under the Accounting Standards Update (“ASU”) 2018-07 which aligns the measurement date criteria for non-employees with ASC 718 for employees, the fair value of common stock issued for payments to non-employees is measured on the date of grant. The fair value of equity instruments, other than common stock, is estimated using the Black-Scholes option valuation model. In general, we recognize the fair value of the equity instruments issued as deferred stock compensation and amortize the cost over the term of the contract.

The Company accounts for employee stock-based compensation in accordance with the guidance of ASC Topic 718, Compensation—Stock Compensation. Under the fair value recognition provisions, stock-based compensation expense is measured at the grant date based on the fair value of the award and is recognized ratably over the requisite service period.

Research and Development Costs

Costs incurred for research and development are expensed as incurred. The salaries, benefits, and overhead costs of personnel conducting research and development of the Company’s products comprise research and development expenses. Purchased materials that do not have an alternative future use are also expensed. The Company recorded in general and administrative expenses research and development costs of $0 for the three months ended June 30, 2024 and 2023, respectively.

Income Taxes

The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “Income Taxes”. The asset and liability method provide that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax basis of assets and liabilities, and for operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.

BLUEONE CARD, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

June 30, 2024

(Unaudited)

The Company follows the provisions of ASC 740-10, “Accounting for Uncertain Income Tax Positions.” When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above should be reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination.

Earnings (Loss) Per Common Share

The Company computes earnings (loss) per share in accordance with ASC 260, “Earnings per Share”. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. The Company computes Basic EPS by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible note and preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options, warrants and convertible preferred stock. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.

SCHEDULE OF EARNING PER SHARE

	2024			2023
	For the Three Months Ended June 30,
	2024			2023
Net loss computation of basic and diluted net loss per common share:
Net loss attributable to common stockholders	$	(259,359	)	$	(322,929	)

Basic and diluted net loss per share:
Basic and diluted net loss per common shareholder	$	(0.02	)	$	(0.03	)
Basic and diluted weighted average common shares outstanding		12,090,050			11,392,159

Potential dilutive securities that are not included in the calculations of diluted net loss per share because their effect is anti-dilutive, are as follows as of June 30, 2024 and 2023, respectively, (in common equivalent shares):

	June 30, 2024		June 30, 2023
Preferred stock		292,000,000		292,000,000
Total anti-dilutive weighted average shares		292,000,000		292,000,000

BLUEONE CARD, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

June 30, 2024

(Unaudited)

NOTE 3 – INVENTORY

Inventory of prepaid debit cards and gift cards consisted of the following:

	June 30, 2024		March 31, 2024
Prepaid cards inventory	$	-	$	99,285
Less: reserve to reduce to net realizable value		-		(99,285	)
Total	$	-	$	-

NOTE 4 – PROPERTY AND EQUIPMENT

Property and equipment, stated at cost, consisted of the following:

SCHEDULE OF PROPERTY AND EQUIPMENT

	Estimated Life	June 30, 2024			March 31, 2024
Furniture and fixtures	5 years	$	180,278		$	180,278
Leasehold Improvements	3.2 years		273,490			273,490
Office equipment	3 years		5,500			5,500
Property and equipment, gross			459,268			459,268
Less: Accumulated depreciation			(223,477	)		(190,675	)
Total		$	235,791		$	268,593

Depreciation and amortization expense amounted to $32,802 and $18,026 for the three months ended June 30, 2024 and 2023, respectively.

NOTE 5 – INTERNAL-USE SOFTWARE DEVELOPMENT COSTS

As of June 30, 2024, the Company had capitalized costs of $551,683 relating to development of internal-use software. This software was developed by a third party and has passed the preliminary project stage prior to capitalization. For the three months ended June 30, 2024, the Company did not incur any internal-use software development costs. Amortization of the internal-use software development costs will begin once the software is placed in service which management has determined will start once service revenues begin.

SCHEDULE OF SOFTWARE DEVELOPMENT COSTS

	June 30, 2024		March 31, 2024
Internal-use software development cost	$	551,683	$	551,683
Less: Accumulated amortization		-		-
Total	$	551,683	$	551,683

NOTE 6 – RELATED PARTY TRANSACTIONS

The Company’s Chief Executive Officer (“CEO”), from time to time, has provided advances to the Company for its working capital purposes. The CEO had advanced funds to the Company totaling $17,284 and $20,595 as of June 30, 2024 and March 31, 2024, respectively. The funds advanced are unsecured, non-interest bearing, and due on demand.

On December 1, 2020, the Company entered into an employment agreement with its CEO for a three-year term, for an annual compensation of $150,000 with a 10% annual increase in compensation effective October 1 of each year (See Note 7). The Company has recorded in general and administrative expenses compensation expense of $49,913 and $45,375 for the three months ended June 30, 2024 and 2023, respectively. Compensation payable to the CEO was $621,238 and $571,325, at June 30, 2024 and March 31, 2024, respectively.

BLUEONE CARD, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

June 30, 2024

(Unaudited)

NOTE 7 – COMMITMENTS AND CONTINGENCIES

Leases

The Company reported the following summary of non-cancellable operating leases in accordance with the provisions of ASC 842 Topic 842 “Leases” as follows:

Summary of Non-Cancellable Operating Leases:

	Vehicle		Office Lease		Total
Right-of-use asset, net	$	22,918	$	46,003	$	68,921

Current lease liabilities	$	20,182	$	22,740	$	42,922
Non-current lease liabilities		-		24,156		24,156
Total operating lease liabilities	$	20,182	$	46,896	$	67,078

Vehicle

On July 12, 2022, the Company executed a non-cancellable operating lease for a vehicle with the lease commencing on July 12, 2022 for a three-year term. The Company paid $10,000 at the execution of the lease which included $1,793 as first month payment, and $8,207 as vehicle registration, capitalized cost reduction and other handling fees. The Company recorded rent expense of $6,063 for the three months ended June 30, 2024 and 2023, respectively. The lease expires on July 11, 2025.

Supplemental balance sheet information related to the lease is as follows as of June 30, 2024:

Operating Lease
Right-of-use asset, net	$	22,918

Current lease liabilities	$	20,182
Non-current lease liabilities		-
Total operating lease liabilities	$	20,182

Weighted average remaining lease term (years)		0.92

Weighted average discount rate per annum		12	%

As the lease does not provide an implicit rate, the Company used an incremental borrowing rate based on the information available at the lease commencement date in determining the present value of the lease payment, which is reflective of the specific term of the lease.

Anticipated future costs are as follows:

For the years ending	Vehicle
March 31, 2025 (remaining)	$	16,138
March 31, 2026		5,378
March 31, 2027
Total lease payments		21,516
Less: imputed interest		(1,334	)
Present value of lease liabilities	$	20,182

Office Lease – J Plaza

On April 13, 2023, the Company executed a non-cancellable office space in a retail shopping center, for a monthly base rent of $2,196 and monthly common area maintenance charges of $1,531. The lease commenced on April 13, 2023 and extends for a term of three years and two months. The Company has an option to extend the lease for a period of 36 months after completion of the initial lease term. The Company has not included the extension period in calculating the present value of the lease. The rent is payable on the first day of each month, commencing either (1) opening of the business after tenant improvements, or (2) sixty days after the lease execution date. The Company made a payment of $8,119 of one-month rent and a security deposit of two months base rent of $4,391.

The Company recorded rent expense including common area maintenance of $11,359 for the three months ended June 30, 2024 and 2023, respectively.

BLUEONE CARD, INC.

NOTES TO CONDENSED June 30, 2024

(Unaudited)

Supplemental balance sheet information related to the lease is as follows as of June 30, 2024:

Operating Lease
Right-of-use asset, net	$	46,003

Current lease liabilities	$	22,740
Non-current lease liabilities		24,156
Total operating lease liabilities	$	46,896

Weighted average remaining lease term (years)		1.83

Weighted average discount rate per annum		12	%

As the lease do not provide an implicit rate, the Company used an incremental borrowing rate based on the information available at the lease commencement date in determining the present value of the lease payment, which is reflective of the specific term of the lease.

Anticipated future costs are as follows:

For the years ending	Office Lease
March 31, 2025 (remaining)	$	20,359
March 31, 2026		27,755
March 31, 2027		4,658
Total lease payments		52,772
Less: imputed interest		(5,876	)
Present value of lease liabilities	$	46,896

Office Leases - Others

On August 27, 2020, the Company formally executed a month-to-month cancellable operating lease for leasing office space in an executive suite, commencing on September 1, 2020 for $259 per month. The Company paid a security deposit of $259 on September 7, 2020. The monthly rent increased to $279 effective January 1, 2021 and then to $289 effective October 1, 2022. The Company has recorded rent expense of $867 for the three months ended June 30, 2024 and 2023, respectively.

On October 26, 2020, the Company executed a non-cancellable operating lease agreement for its principal office for a monthly rent of $5,500, with the lease commencing on November 1, 2020 for a period of 12 months. The Company paid a security deposit of $5,500 on October 28, 2020. On November 25, 2021, the Company executed a month-to-month lease for this office facility at a monthly rental of $6,500. The Company has recorded rent expense of $19,500 for the three months ended June 30, 2024 and 2023, respectively.

The Company has recorded total rent expense of $37,789 for both the three months ended June 30, 2024 and 2023, respectively.

The Company has considered the provisions of ASC 842 Topic 842 “Leases”. The Company has elected not to recognize lease assets and lease liabilities for leases with a term of 12 months or less, as it is permitted to make an accounting policy election. The Company records the rent expense on a straight-line basis ratable over the term of the lease.

Employment Agreement

On December 1, 2020, the Company entered into an Employment Agreement (the “Agreement”) with its President, CEO, Secretary, and Chairman (the “Officer”). The initial term of the Agreement is for three years and, if written notice is not provided within 90 days of the termination of each term, the term is automatically extended for an additional one-year term. The Agreement may be terminated by either party upon 90 days’ prior written notice. Whether the Agreement is terminated without “Cause,” for “Good Reason,” or for “Cause,” as defined in the Agreement, determines what compensation is owed and when. There is also a 30-day cure period for any termination for “Cause,” as defined in the Agreement. The Agreement contains confidentiality, non-compete, and non-solicitation provisions. Pursuant to the terms of Agreement, Mr. Koh is entitled to bonuses, reimbursement of expenses, a vehicle allowance, four weeks of paid vacation, and other incentives. The Agreement does provide for payments to be made as a result of any “Change in Control,” as defined in the agreement.

Pursuant to the Agreement, the Officer is entitled to an annual base salary of $150,000 and that amount is subject to an automatic 10% annual increase on the anniversary date (See Note 6).

BLUEONE CARD, INC.

NOTES TO CONDENSED June 30, 2024

(Unaudited)

Reseller Agreement with Expanse Financial Technologies, Inc. (“ExpanseFT”)

Effective February 27, 2024, the Company entered into an Authorized Reseller Agreement (the “Reseller Agreement”) with ExpanseFT (the “Program Manager”) pursuant to which the Company agreed to be a reseller or an independent sales representative of the Program Manager and its products, and the Program Manager has agreed to support our reselling efforts. The Reseller Agreement does not provide exclusivity and there are no volume sales requirements pertaining to our reselling efforts.

The term of the Reseller Agreement is for five (5) years. The Reseller Agreement is renewable by mutual consent of each of the parties for two-year terms unless either party provides written notice to the other party at least 180 days prior to the termination of the term of the Reseller Agreement. The Reseller Agreement may be terminated by either party upon a material breach of either party with the non-breaching party providing written notice to the breaching party and the breach remaining uncured with 30 days of the notice. The Reseller Agreement may also be terminated by either party by written notice if either party ceases to carry on as a going concern, becomes the object of the institution of voluntary or involuntary proceedings in bankruptcy, insolvency, or liquidation, makes an assignment for the benefit of creditors, or if a receiver is appointed with respect to all or a substantial part of its assets. The Program Manager shall provide us with prepaid debit and gift cards of requested quantity, create a range of prepaid debit accounts, using banking identification numbers provided to the Program Manager by our issuing bank and produce and deliver plastic card production tape media, including personal identification number (PIN) generation for the range of created prepaid debit accounts. Upon the first loading of value to a prepaid debit account, the Program Manager will create and activate a cardholder account on the Program Manager’s system and create linkage between the cardholder account on ExpanseFT system and our cardholder aggregate settlement account at our issuing bank or another bank.

The Company agreed to pay for all new programming outside the scope listed in this agreement such as but not limited to mobile apps, websites back office and the integrations with the sponsoring banks and processors as we go. The Company agreed to pay a one-time commitment fee of $60,000 to initiate the process to establish one banking identification number, including the program setup, integration, API connection and implementation process required to bring the program live. On March 1, 2024, we made a non-refundable payment of $42,500 recorded as Research and Development expense for the one-time fee for program implementation to the Program Manager towards implementation and customization fees for our program. The Company has a commitment to pay an annual due diligence fee of $5,000 per card program to the Program Manager. In addition, the Company is obligated to pay a minimum monthly program management fee to the Program Manager as follows:


Months 0-3	$	-
Months 4 – 12		5,000
Year 2		10,000
Year 3 and thereafter		15,000

Legal Costs and Contingencies

In the normal course of business, the Company incurs costs to hire and retain external legal counsel to advise it on regulatory, litigation and other matters. The Company expenses these costs as the related services are received.

If a loss is considered probable and the amount can be reasonable estimated, the Company recognizes an expense for the estimated loss. If the Company has the potential to recover a portion of the estimated loss from a third party, the Company makes a separate assessment of recoverability and reduces the estimated loss if recovery is also deemed probable. The Company was not aware of any loss contingencies as of June 30, 2024.

BLUEONE CARD, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

June 30, 2024

(Unaudited)

NOTE 8 – STOCKHOLDERS’ EQUITY

The Company’s capitalization at June 30, 2024 and March 31, 2024 was 500,000,000 authorized common shares with a par value of $0.001 per share, and 25,000,000 authorized preferred shares with a par value of $0.001 per share.

Common Stock

The Company had received from six investors, cash proceeds of $60,000 in stock subscriptions as of March 31, 2024 which were recorded as stock subscriptions received credit in equity. On April 8, 2024, the Company issued 15,000 shares of common stock to these six investors.

During the three months ended June 30, 2024, the Company sold 18,750 shares of common stock for a total cash consideration of $75,000.

As a result of all common stock issuances, the total issued and outstanding shares of common stock were 12,106,204 shares and 12,072,454 shares as of June 30, 2024 and March 31, 2024, respectively.

Preferred Stock

The Board of Directors, without further approval of its stockholders, is authorized to fix the dividend rights and terms, conversion rights, voting rights, redemption rights, liquidation preferences and other rights and restrictions relating to any series. Issuances of shares of preferred stock, while providing flexibility in connection with possible financings, acquisitions and other corporate purposes, could, among other things, adversely affect the voting power of the holders of our Common Stock and other series of Preferred Stock then outstanding.

Series A Preferred Stock

There are 1,000,000 shares of Series A Preferred Stock designated and 292,000 shares issued and outstanding as of June 30, 2024 and March 31, 2024, respectively.

Liquidation Rights

In the event of any liquidation, dissolution or winding up of the Company, either voluntary or involuntary, after setting apart or paying in full the preferential amounts due to Holders of senior capital stock, if any, the Holders of Series A Preferred Stock and parity capital stock, if any, shall be entitled to receive, prior and in preference to any distribution of any of the assets or surplus funds of the Company to the Holders of junior capital stock, including Common Stock, an amount equal to $0.001 per share [the “Liquidation Preference”]. If upon such liquidation, dissolution or winding up of the Company, the assets of the Company available for distribution to the Holders of the Series A Preferred Stock and parity capital stock, if any, shall be insufficient to permit in full the payment of the Liquidation Preference, then all such assets of the Company shall be distributed ratably among the holders of the Series A Preferred Stock and parity capital stock, if any. Neither the consolidation or merger of the Company nor the sale, lease or transfer by the Company of all or a part of its assets shall be deemed a liquidation, dissolution or winding up of the Company for purposes of these Liquidation Rights.

Stock Splits, Dividends and Distributions

If the Company, at any time while any Series A Convertible Preferred Stock is outstanding, (a) shall pay a stock dividend or otherwise make a distribution or distributions on shares of its Common Stock payable in shares of its capital stock (whether payable in shares of its Common Stock or of capital stock of any class), (b) subdivide outstanding shares of Common Stock into a larger number of shares, (c) combine outstanding shares of Common Stock into a smaller number of shares, or (d) issue reclassification of shares of Common Stock for any shares of capital stock of the Company, the conversion ratio, as defined, shall be adjusted by multiplying the number of shares of Common Stock issuable by a fraction of which the numerator shall be the number of shares of Common Stock of the Company outstanding after such event and of which the denominator shall be the number of shares of Common Stock outstanding before such event. Any adjustment made pursuant to this paragraph shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or reclassification.

BLUEONE CARD, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

June 30, 2024

(Unaudited)

Conversion Rights

Each share of Series A Preferred Stock is convertible, at the option of the holder, into 1,000 shares of Common Stock.

Voting Rights

The holders of shares of Series A Convertible Preferred Stock shall be entitled to vote on any and all matters considered and voted upon by the Company’s Common Stock. The holders of the Series A Convertible Preferred Stock shall be entitled to 1,000 (one thousand) votes per share of Common Stock.

As a result of all preferred stock issuances, the total issued and outstanding shares of preferred stock were 292,000 shares as of June 30, 2024 and March 31, 20243, respectively.

2022 Stock Incentive Plan

On March 11, 2022, the Board of Directors adopted the 2022 Stock Incentive Plan (the “2022 Plan”). The purposes of the 2022 Plan are (a) to enhance our ability to attract and retain the services of qualified employees, officers, directors, consultants, and other service providers upon whose judgment, initiative and efforts the successful conduct and development of our business largely depends, and (b) to provide additional incentives to such persons or entities to devote their utmost effort and skill to the advancement and betterment of our company, by providing them an opportunity to participate in the ownership of our Company and thereby have an interest in the success and increased value of our Company.

The 2022 Plan is administered by our board of directors; however, the board of directors may designate administration of the 2022 Plan to a committee consisting of at least two independent directors. Awards may be made under the 2022 Plan for up to 5,000,000 shares of common stock of the Company. Only employees of our Company or of an “Affiliated Company”, as defined in the 2022 Plan, (including members of the board of directors if they are employees of our Company or of an Affiliated Company) are eligible to receive incentive stock options under the 2022 Plan. Employees of our Company or of an Affiliated Company, members of the board of directors (whether or not employed by our company or an Affiliated Company), and “Service Providers”, as defined in the 2022 Plan, are eligible to receive non-qualified options, restricted stock units, and stock appreciation rights under the 2022 Plan. All awards are subject to Section 162(m) of the Internal Revenue Code. As of June 30, 2024 and March 31, 2024, 4,750,000 shares of common stock awards remain available for issuances pursuant to 2022 Plan.

No option awards may be exercisable more than ten years after the date it is granted. In the event of termination of employment for cause, the options terminate on the date of employment is terminated. In the event of termination of employment for disability or death, the optionee or administrator of optionee’s estate or transferee has six months following the date of termination to exercise options received at the time of disability or death. In the event of termination for any other reason other than for cause, disability or death, the optionee has 30 days to exercise his or her options.

The 2022 Plan will continue in effect until all the stock available for grant or issuance has been acquired through exercise of options or grants of shares, or until ten years after its adoption, whichever is earlier. Awards under the 2022 Plan may also be accelerated in the event of certain corporate transactions such as a merger or consolidation or the sale, transfer or other disposition of all or substantially all our assets.

Item 2. Management’s Discussion and Analysis or Plan of Operation

This Quarterly Report Form 10-Q contains forward-looking statements. Our actual results could differ materially from those set forth as a result of general economic conditions and changes in the assumptions used in making such forward-looking statements. The following discussion and analysis of our financial condition and results of operations should be read together with the unaudited condensed financial statements and accompanying notes and the other financial information appearing elsewhere in this report. The analysis set forth below is provided pursuant to applicable Securities and Exchange Commission regulations and is not intended to serve as a basis for projections of future events.

Overview

BlueOne Card Inc., a Nevada corporation (the “Company”), through our relationship with our program manager, Expanse Financial Technologies, Inc. (the “Program Manager”), is a reseller of an all-in-one prepaid, branded card to be issued by the Program Manager which we believe has numerous user benefits. The Company terminated its relationship with EndlessOne Global, Inc. on or about December 18, 2023. Through our relationship with our new Program Manager, we are aiming to provide innovative pay-out solutions and prepaid cards to consumers. Unlike other prepaid card distributors and companies, we specifically aim to target those customers who are unbanked, or non-bankable, and who have need to crossing international borders. The Program Manager’s platform has to be functional to derive revenues therefrom.

Through our relationship with the Program Manager, we expect to earn revenues mostly through the sale of prepaid debit cards, and commissions derived from monthly fees charged to customers to the Program Manager provided by us for the issued general purpose reloadable prepaid card, reloading fees, ATM withdrawal fees, and card to card money transaction fees. We will be acting as an independent sales representative of the Program Manager and we will not receive revenue from customer contracts, which will be executed with the Program Manager.

We are currently headquartered in Newport Beach, California.

Background

BlueOne Card, Inc. (formerly known as “Avenue South Ltd.,” “TBSS International, Inc.,” or “Manneking Inc.”) was incorporated on July 6, 2007 under the laws of the State of Nevada. We started our business as a retailer and importer of domestic home furnishings from Hong Kong. On September 30, 2011, we changed our name to TBSS International, Inc., which was engaged in gold mining and drilling and general construction.

On April 26, 2019, Corporate Compliance, LLC filed a re-application for custodianship pursuant to NRS 78.347. The Eighth Judicial District Court of Clark County, Nevada granted custodianship over TBSS International, Inc. to Corporate Compliance, LLC. On October 15, 2019, we changed our name to “Manneking Inc.,” and then to “BlueOne Card, Inc.” on June 30, 2020.

On October 15, 2019, we executed a 1 for 100 reverse stock-split. On June 30, 2020, we also executed a 1 for 100 reverse stock-split with a Certificate of Change, and changed our trading symbol to “BCRD.” We filed a FINRA corporate action pursuant to FINRA Rule 6490 which was announced on the Daily List as of July 23, 2020.

Agreement with Expanse Financial Technologies, Inc.

Expanse Financial Technologies, Inc. (“ExpanseFT”) (“Program Manager”), uses a platform that allows a company to process as a Payment Card Issuer, and a Banking Software company. ExpanseFT has card experts to serve and provide its clients/customers with the next generation of card and banking software. ExpanseFT is ushering in a new kind of debit card, one with comprehensive services and instant upfront reward packages. As an eWallet provider creating all different types of debit cards that are used every day, ExpanseFT will focus on driving digital commerce with eWallet software which works for all people. The easy-to-use eWallet will allow the banked or unbanked customers the ability and freedom to manage their money.

Effective February 27, 2024, we entered into a Master Program Manager Services Agreement, an authorized reseller agreement with a new Program Manager (the “Reseller Agreement”), pursuant to which we have agreed to be a reseller or an independent sales representative of the Program Manager and its products, and the Program Manager has agreed to support our reselling efforts. The Reseller Agreement does not provide exclusivity and there are no volume sales requirements pertaining to our reselling efforts.

Our duties under the Reseller Agreement are to use our best efforts to promote and market the products of the Program Manager including, but not limited to providing the first introduction of the products to prospective customers, conducting the preliminary qualification of prospective customers for the products of the Program Manager, conducting sales presentations and obtaining commitments from prospects, and distribution of the Program Manager’s collateral materials, as appropriate.

We agreed to use all reasonable resources, including the assignment of adequate personnel to assure timely performance of those functions required by us under the start-up, and comply with all reasonable directions of the Program Manager so as to enable start-up to be completed on or before the scheduled start-up date. We agreed to pay any required start-up, set-up and/or implementation fees, any costs and expenses incurred in connection with the start-up of card programs for our customers and software development under this agreement.

During the term of this agreement, we agreed to conduct our business and make all undertakings consistent with their policies in order that we may be eligible for sponsorship by a sponsor bank member of the associations/networks, .

We agreed to pay the Program Manager the processing fees as set forth in this agreement. The Program Manager and BlueOne Card can agree to modify charges for services, add, delete or modify services from time to time.

The Program Manager shall provide us with prepaid debit and gift cards of requested quantity, create a range of prepaid debit accounts, using banking identification numbers provided to the Program Manager by our issuing bank and produce and deliver plastic card production tape media, including personal identification number (PIN) generation for the range of created prepaid debit accounts. Upon the first loading of value to a prepaid debit account, the Program Manager will create and activate a cardholder account on the Program Manager’s system and create linkage between the cardholder account on ExpanseFT system and our cardholder aggregate settlement account at our issuing bank or another bank.

We agreed to pay for all new programming outside the scope listed in this agreement such as but not limited to mobile apps, websites back office and the integrations with the sponsoring banks and processors as we go. We agreed to pay a one-time fee of $60,000 to initiate the process to establish one banking identification number, including the program setup, integration, API connection and implementation process required to bring the program live.

As of June 30, 2024, we made a payment of $42,500 towards the one-time fee of $60,000 as discussed above, for program implementation to the Program Manager towards implementation and customization fees for our program.

The Program Manager’s Unique Platform

We believe the Program Manager will provide a unique platform different from other competitors. Unlike many other institutions and companies who only do card-to-card transfer domestically, the Program Manager’s prepaid debit and gift cards will instantly transfer money from card-to-card across the border through a mobile application. Consumers who receive the card-to-card transfer will easily be able to cash out the money at any Automated Teller Machine (“ATM”) in the world. Thus, using the Program Manager’s platform, consumers will save time, as well as enjoy reasonable foreign exchange rate cost.

Principal Products and Services

The Program Manager offers prepaid, branded cards that provide consumer benefits such as no overdraft fees, no interest fees, virtual bank accounts, and free direct deposit. We act as a reseller of the Program Manager’s prepaid, branded cards pursuant to the Reseller Agreement.

Some of the benefits of the Program Manager’s prepaid, branded cards will be as follows:

	●	A mobile application for iOS devices (Apple), and android.

	●	The Program Manager and BlueOne Card provides a Global Remittance Network (“GRN”) meaning that it will connect any proprietary accounts or card systems to other systems worldwide.

	●	Option to provide free checking account and check books by BlueOne Card.

	●	We intend to resell the Program Manager’s prepaid, branded cards to liquor stores throughout the U.S. and online at www.blueonecard.com as well.

	●	The Program Manager’s prepaid, branded cards provide a dynamic Card Verification Value (“CVV”) function including a chip and Personal Identification Number (“PIN”) capability.

	●	The Program Manger’s prepaid, branded cards access are lock and unlocked with Sensor Assisted Flight Envelope (“SAFE”) technology. Consumers will also instantly be able to lock and unlock the cards via text Short Message Service (“SMS”).

	●	We believe payroll checks will be deposited via the Program Manager’s mobile application.

Critical Accounting Policies

We apply the following critical accounting policies in the preparation of our financial statements:

Inventory

Inventory is finished goods which consists of plastic prepaid debit cards and gift cards not yet loaded with funds. and is valued at the lower of cost or net realizable value using the specific identification method. The reported net value of inventory includes saleable prepaid debit cards and gift cards that will be sold or used in future periods. The Company reserves for obsolete and slow-moving inventory.

Internal-Use Software Development Costs

Stock-based Compensation

The Company accounts for equity-based transactions with non-employees under the provisions of ASC Topic No. 505-50, Equity-Based Payments to Non-Employees (“ASC 505-50”). The Company has established that equity-based payment transactions with non-employees shall be measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. Under ASU 2018-07 which aligns the measurement date criteria for non-employees with ASC 718 for employees, the fair value of common stock issued for payments to non-employees is measured on the date of grant. The fair value of equity instruments, other than common stock, is estimated using the Black-Scholes option valuation model. In general, we recognize the fair value of the equity instruments issued as deferred stock compensation and amortize the cost over the term of the contract.

Revenue Recognition

The Company recognizes revenues from card sales, when the product is deemed delivered to the customer, and the ownership/control is transferred. The Company will recognize revenue from card services fees and card transactions once the service or transaction is completed, respectively. The Company’s revenue recognition policy is based on the revenue recognition criteria established under the Financial Accounting Standards Board – Accounting Standards Codification 606 “Revenue From Contracts With Customers” which has established a five-step process to govern contract revenue and satisfy each element is as follows: (1) Identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when or as you satisfy a performance obligation. The Company records the revenue once all the above steps are completed.

Under this guidance, revenue is recognized when control of promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. We review our sales transactions to identify contractual rights, performance obligations, and transaction prices, including the allocation of prices to separate performance obligations, if applicable. Revenue and costs of sales are recognized once products or services are delivered to the customer’s control and performance obligations are satisfied.

Recent Accounting Pronouncements

See Note 2 of Notes to the Financial Statements contained in this Form 10-Q for management’s discussion of recent accounting pronouncements.

Results of Operations for the Three Months Ended June 30, 2024 Compared to the Three Months Ended June 30, 2023 (Unaudited)

Revenues and Cost of Sales

We did not sell any prepaid debit cards to the customers during the three months ended June 30, 2024 and 2023, respectively. Cost of sales were $0 for the three months ended June 30, 2024 and 2023, respectively.

Operating Expenses

Operating expenses included legal, accounting and professional fees, all costs associated with marketing, advertising and promotion, research and development, rent and other expenses. We recorded operating expenses of $257,605 and $323,505 for the three months ended June 30, 2024 and 2023, respectively. The net decrease in operating expenses of $65,900 was primarily due to the decrease in advertising and marketing expenses of $107,042 offsetting by increase in amortization of leasehold improvements and depreciation of assets of $14,775, increase in travel and meals expense of $14,539, increase in payroll taxes of $4,901, increase in dues and subscription of $5,414, and increase in other general and administrative expenses.

Other Income (Expense)

Other income included interest earned on the cash balance invested in the money markets account. We did not earn any interest income during the three months ended June 30, 2024 as compared to $593 in interest income earned due to the higher interest rates offered by the bank for the three months ended June 30, 2023. Interest expense related to financing the purchase of Company vehicle and credit card interest. Interest expense increased for the three months ended June 30, 2024 as compared to the same periods in 2023 as a result of financing the purchase of vehicle and credit card interest.

Net Loss

We reported a net loss of $259,359 and $322,929 for the three months ended June 30, 2024 and 2023, respectively. The decrease in net loss was primarily due to the reduction in operating expenses incurred by us.

Liquidity and Capital Resources

Liquidity and Capital Resources for the nine months ended June 30, 2024 and 2023

	June 30, 2024			June 30, 2023
Summary of Cash Flows:
Net cash used in operating activities	$	(134,710	)	$	(273,155	)
Net cash used in investing activities		-			(334,556	)
Net cash provided by financing activities		75,000			1,180,000
Net (decrease) increase in cash		(59,710	)		572,289
Cash – Beginning of the period		75,063			668,118
Cash – End of the period	$	15,353		$	1,240,407

Operating Activities

Cash used in operating activities of $134,710 for the three months June 30, 2024 was primarily a result of net loss of $259,359, depreciation and amortization of $32,802, non-cash rent expense of 862, and a net increase in operating assets and liabilities of $90,984 due to increase in accounts payable and accrued liabilities of $44,383, increase in compensation payable to officer of $49,913 and decrease in related party payables of $3,311.

Cash used in operating activities of $273,155 for the three months ended June 30, 2023 was primarily a result of net loss of $322,929, depreciation and amortization of $18,026, non-cash rent expense of $862, and a net increase in operating assets and liabilities of $30,886 due to decrease in prepaid deposits and other current assets of $289, increase in security deposits of $4,392, decrease in accounts payable and accrued liabilities of $10,386, and an increase in compensation payable to officer of $45,375.

Investing Activities

Net cash used in investing activities for the three months ended June 30, 2024 was $0. Net cash used in investing activities for the three months ended June 30, 2023 totaled $334,556 due to cash paid for purchase of software development of $140,001 and purchase of property and equipment of $194,555.

Financing Activities

Net cash provided by financing activities for the three months ended June 30, 2024 was $75,000 consisting of cash received from sale of common stock. Net cash provided by financing activities for the three months ended June 30, 2023 was $1,180,000 consisting of cash received from sale of common stock of $1,180,000.

Future Capital Requirements

Our current available cash may not be sufficient to satisfy our liquidity requirements. Our capital requirements for the next twelve months will depend on numerous factors, including management’s evaluation of the timing of projects to pursue. Subject to our ability to generate revenues and cash flow from operations and our ability to raise additional capital (including through possible joint ventures and/or partnerships), we expect to incur substantial expenditures to carry out our business plan, as well as costs associated with our capital raising efforts, and being a public company.

Our plans to finance our operations include seeking equity and debt financing, alliances or other partnership agreements, or other business transactions, that would generate sufficient resources to ensure continuation of our operations.

The sale of additional equity or debt securities may result in additional dilution to our shareholders. If we raise additional funds through the issuance of debt securities or preferred stock, these securities could have rights senior to those of our common stock and could contain covenants that would restrict our operations. Any such required additional capital may not be available on reasonable terms, if at all. If we were unable to obtain additional financing, we may be required to reduce the scope of, delay or eliminate some or all of our planned activities and limit our operations which could have a material adverse effect on our business, financial condition and results of operations.

Inflation

The amounts presented in our financial statements do not provide for the effect of inflation on our operations or financial position. The net operating losses shown would be greater than reported if the effects of inflation were reflected either by charging operations with amounts that represent replacement costs or by using other inflation adjustments.

Going Concern

The accompanying interim condensed financial statements have been prepared on a going concern basis which contemplates the realization of assets and settlement of liabilities and commitments in the normal course of business. The Company has not yet generated any significant revenues and has suffered operating losses since July 6, 2007 (Inception Date) to date. The Company has recorded a net loss of $259,359, used net cash flows in operating activities of $134,710 for the three months ended June 30, 2024, and has an accumulated deficit and working capital deficit of $4,131,111 and $776,187 as of June 30, 2024. These factors, among others, raise a substantial doubt regarding the Company’s ability to continue as a going concern operation for a period of 12 months from the issuance date of these condensed financial statements. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary financing to continue operations, and the attainment of profitability. If the Company is unable to obtain adequate capital, it could be forced to cease operations. The accompanying interim condensed financial statements do not include any adjustments to reflect 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.

Development Stage and Capital Resources

We have devoted substantially all of our efforts to business planning since our inception on July 6, 2007. Accordingly, we are considered to be in the development stage. We have not generated any revenues from our operations on a commercial scale and we will not commence generating revenues until sometime during the first calendar quarter of 2025.

Off-Balance Sheet Arrangements

We have not engaged in any off-balance sheet arrangements as defined in Item 303(c) of the SEC’s Regulation S-K. We did not have any relationships with unconsolidated organizations or financial partnerships, such as structured finance or special-purpose entities that would have been established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes.

Recent Accounting Pronouncements

We have implemented all new accounting pronouncements that are in effect and that may impact our financial statements and do not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on our financial position or results of operations which have not been adopted.

Item 3. Quantitative and Qualitative Disclosures About Market Risks.

Not Applicable.

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

As of the end of the period covered by this report, we carried out an evaluation, under the supervision and with the participation of our management, including our Principal Executive Officer and Principal Financial Officer, of the effectiveness of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934. Currently, there is only one officer and one director, and as such is solely responsible for evaluating the Company’s disclosure controls and procedures. Based upon that evaluation, the principal executive officer (who also serves as the principal financial and accounting officer) believes that the Company’s disclosure controls and procedures are not effective as of June 30, 2024 due to the material weaknesses in internal control over financial reporting. We noted deficiencies involving lack of segregation of duties, lack of internal control documentation that we believe to be material weaknesses. Other material weaknesses include lack of monitoring controls over the evaluation of impairment of intangibles and long-lived assets.

Changes in Internal Control over Financial Reporting

Other than the remediation activities undertaken by us as disclosed above, there have been no changes in our internal control over financial reporting during the quarter ended June 30, 2024 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

The Company had received from six investors cash proceeds of $60,000 in stock subscriptions as of March 31, 2024 which were recorded as stock subscriptions received credit in equity. On April 8, 2024, the Company issued 15,000 shares of common stock to these six investors.

During the three months ended June 30, 2024, the Company sold 18,750 shares of common stock for a total cash consideration of $75,000.

The shares of common stock were issued and sold pursuant to exemptions from the registration requirements of Section 5 of the Securities Act contained in Section 4(a)(2) and/or Regulation D thereof. No sales commissions were paid in connection with the sales of these securities and no general solicitation was used.

Item 5. Other Information.

During the quarter ended June 30, 2024, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

Item 6. Exhibits.

(a) Exhibits.

Exhibit		Item

31.1*		Certification of Chief Executive Officer pursuant to Section 302(a) of the Sarbanes-Oxley Act of 2002

31.2*		Certification of Chief Financial Officer pursuant to Section 302(a) of the Sarbanes-Oxley Act of 2002

32.1**		Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

101.INS*		Inline XBRL Instance Document
101.SCH*		Inline XBRL Taxonomy Extension Schema Document
101.CAL*		Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF*		Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB*		Inline XBRL Taxonomy Extension Label Linkbase Document
101 PRE*		Inline XBRL Taxonomy Extension Presentation Linkbase Document
104*		Cover Page Interactive Data File (formatted in IXBRL, and included in exhibit 101)

*		Filed with this Report
**		Furnished with this Report

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		BlueOne Card, Inc.

Date:	August 19, 2024	/s/ James Koh
		James Koh
		(Principal Executive Officer and Principal Financial and Accounting Officer)

EXHIBIT 31.1

CERTIFICATION PURSUANT TO RULE 13a-14(a)/15d-14(a), AS ADOPTED

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, James Koh, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of BlueOne Card, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. Management is responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

	(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

	(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

	(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 19, 2024

	/s/ James Koh
	James Koh
	Chief Executive Officer (Principal Executive Officer)

EXHIBIT 31.2

CERTIFICATION PURSUANT TO RULE 13a-14(a)/15d-14(a), AS ADOPTED

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, James Koh, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of BlueOne Card, Inc.;

	(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

	(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

	(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 19, 2024

	/s/ James Koh
	James Koh
	Chief Financial Officer (Principal Financial and Accounting Officer)

EXHIBIT 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of BlueOne Card, Inc. (the “Registrant”) on Form 10-Q for the three months ended June 30, 2024 as filed with the Securities and Exchange Commission on the date hereof, I, James Koh, Chief Executive Officer and Chief Financial Officer of the Registrant, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1. The Quarterly Report on Form 10-Q fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, and

2. The information contained in such Quarterly Report on Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of BlueOne Card, Inc.

Dated: August 19, 2024	/s/ James Koh
	James Koh
	Chief Executive Officer and Chief Financial Officer (Principal Executive Officer and Principal Financial and Accounting Officer)
	BlueOne Card, Inc.

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to BlueOne Card, Inc. and will be retained by BlueOne Card, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

Cover - $ / shares	3 Months Ended
Cover - $ / shares	Jun. 30, 2024	Aug. 19, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2025
Current Fiscal Year End Date	--03-31
Entity File Number	000-56060
Entity Registrant Name	BlueOne Card, Inc.
Entity Central Index Key	0001496690
Entity Tax Identification Number	26-0478989
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	4695 MacArthur Court
Entity Address, Address Line Two	Suite 1100
Entity Address, City or Town	Newport Beach
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92660
City Area Code	(800)
Local Phone Number	210-9755
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		12,106,204
Entity Listing, Par Value Per Share	$ 0.001

Condensed Balance Sheets - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Current Assets
Cash	$ 15,353	$ 75,063
Prepaid deposits and other current assets	6,759	6,759
Total Current Assets	22,112	81,822
Property and equipment, net	235,791	268,593
Internal-use software development	551,683	551,683
Right-of-use asset	68,921	79,543
Deposits	4,391	4,391
Total Assets	882,898	986,032
Current Liabilities
Accounts payable and accrued liabilities	116,855	72,473
Compensation payable to officer	621,238	571,325
Related party payables	17,284	20,595
Lease liability - current maturity	42,922	41,466
Total Current Liabilities	798,299	705,859
Lease liability - net of current maturity	24,156	35,371
Total Liabilities	822,455	741,230
Commitments and Contingencies (See Note 7)
Stockholders’ Equity
Preferred stock, $0.001 par value; 25,000,000 shares authorized, Series A Preferred Stock, 1,000,000 shares designated, 292,000 shares issued and outstanding at June 30, 2024 and March 31, 2024, respectively	292	292
Common stock, $0.001 par value; 500,000,000 shares authorized, 12,106,204 shares and 12,072,454 shares issued and outstanding at June 30, 2024 and March 31, 2024, respectively	12,106	12,073
Additional paid in capital	4,179,156	4,044,189
Stock subscriptions received		60,000
Accumulated deficit	(4,131,111)	(3,871,752)
Total Stockholders’ Equity	60,443	244,802
Total Liabilities and Stockholders’ Equity	$ 882,898	$ 986,032

Condensed Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2024	Mar. 31, 2024
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, shares issued	292,000	292,000
Preferred stock, shares outstanding	292,000	292,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	12,106,204	12,072,454
Common stock, shares outstanding	12,106,204	12,072,454
Series A Preferred Stock [Member]
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	292,000	292,000
Preferred stock, shares outstanding	292,000	292,000

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Revenues
Cost of sales
Cost of sales - Inventory reserve
Gross Profit (Loss)
Operating Expenses
Legal and filing fees	3,086	2,709
Rent	37,789	37,789
General and administrative	216,730	283,007
Total Operating Expenses	257,605	323,505
Loss from Operations	(257,605)	(323,505)
Other Income (Expense)
Interest income		593
Interest expense	(1,754)	(17)
Total Other Income (Expense)	(1,754)	576
Loss before Income Taxes	(259,359)	(322,929)
Provision for Income Tax
Net Loss	$ (259,359)	$ (322,929)
Basic Net Loss Per Share	$ (0.02)	$ (0.03)
Diluted Net Loss Per Share	$ (0.02)	$ (0.03)
Weighted Average Number of Shares Outstanding - Basic	12,090,050	11,392,159
Weighted Average Number of Shares Outstanding - Diluted	12,090,050	11,392,159

Condensed Statements of Changes in Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Subscriptions Received [Member]	Retained Earnings [Member]	Total
Balance at Mar. 31, 2023	$ 292	$ 10,336	$ 2,093,226	$ 617,700	$ (2,258,612)	$ 462,942
Balance, shares at Mar. 31, 2023	292,000	10,336,004
Sale of common stock		$ 1,698	1,796,002	(617,700)		1,180,000
Sale of common stock, shares		1,697,700
Net loss					(322,929)	(322,929)
Balance at Jun. 30, 2023	$ 292	$ 12,034	3,889,228		(2,581,541)	1,320,013
Balance, shares at Jun. 30, 2023	292,000	12,033,704
Balance at Mar. 31, 2023	$ 292	$ 10,336	2,093,226	617,700	(2,258,612)	462,942
Balance, shares at Mar. 31, 2023	292,000	10,336,004
Balance at Mar. 31, 2024	$ 292	$ 12,072	4,044,190	60,000	(3,871,752)	244,802
Balance, shares at Mar. 31, 2024	292,000	12,072,454
Sale of common stock		$ 34	134,966			135,000
Sale of common stock, shares		33,750
Stock subscriptions received				(60,000)		(60,000)
Net loss					(259,359)	(259,359)
Balance at Jun. 30, 2024	$ 292	$ 12,106	$ 4,179,156		$ (4,131,111)	$ 60,443
Balance, shares at Jun. 30, 2024	292,000	12,106,204

Condensed Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows From Operating Activities:
Net loss	$ (259,359)	$ (322,929)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	32,802	18,026
Non-cash rent expense	862	862
Changes in operating assets and liabilities:
Decrease in prepaid deposits and other current assets		289
Increase (decrease) in accounts payable and accrued liabilities	44,383	(10,386)
(Decrease) in customer deposit		(4,392)
Increase in compensation payable to officer	49,913	45,375
(Decrease) in related party payables	(3,311)
Net Cash Used In Operating Activities	(134,710)	(273,155)
Cash Flows From Investing Activities:
Cash paid for purchase of internal-use software development costs		(140,001)
Cash paid for purchase of property and equipment		(194,555)
Net Cash Used In Investing Activities		(334,556)
Cash Flows From Financing Activities:
Cash proceeds from sale of common stock	75,000	1,180,000
Net Cash Provided By Financing Activities	75,000	1,180,000
Net (Decrease) Increase in Cash	(59,710)	572,289
Cash - Beginning of the Period	75,063	668,118
Cash - End of the Period	15,353	1,240,407
Supplemental Disclosures of Cash Flows
Cash paid for interest	1,754	3,510
Cash paid for income taxes
Supplemental Disclosures of Non-Cash Investing and Financing Activities
Present value of initial lease liability and right-of-use asset		$ 70,844

Pay vs Performance Disclosure - USD ($)	3 Months Ended
Pay vs Performance Disclosure - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ (259,359)	$ (322,929)

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2024
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

NATURE OF OPERATIONS, GOING CONCERN AND BASIS OF PRESENTATION

3 Months Ended

Jun. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

NATURE OF OPERATIONS, GOING CONCERN AND BASIS OF PRESENTATION

NOTE 1 – NATURE OF OPERATIONS, GOING CONCERN AND BASIS OF PRESENTATION

General

Going Concern

Basis of Presentation

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Use of Estimates

Cash and Cash Equivalents

Concentrations

Cash Concentration

Significant Vendor and Concentration

Loans Receivable

Inventory

Property and Equipment

BLUEONE CARD, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

June 30, 2024

(Unaudited)

Internal-Use Software Development Costs

Long-lived Assets

Leases

BLUEONE CARD, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

June 30, 2024

(Unaudited)

Fair value of Financial Instruments and Fair Value Measurements

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

Revenue Recognition

Stock-based Compensation

Research and Development Costs

Income Taxes

BLUEONE CARD, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

June 30, 2024

(Unaudited)

Earnings (Loss) Per Common Share

SCHEDULE OF EARNING PER SHARE

	2024			2023
	For the Three Months Ended June 30,
	2024			2023
Net loss computation of basic and diluted net loss per common share:
Net loss attributable to common stockholders	$	(259,359	)	$	(322,929	)

Basic and diluted net loss per share:
Basic and diluted net loss per common shareholder	$	(0.02	)	$	(0.03	)
Basic and diluted weighted average common shares outstanding		12,090,050			11,392,159

	June 30, 2024		June 30, 2023
Preferred stock		292,000,000		292,000,000
Total anti-dilutive weighted average shares		292,000,000		292,000,000

BLUEONE CARD, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

June 30, 2024

(Unaudited)

INVENTORY

3 Months Ended

Jun. 30, 2024

Inventory Disclosure [Abstract]

INVENTORY

NOTE 3 – INVENTORY

Inventory of prepaid debit cards and gift cards consisted of the following:

	June 30, 2024		March 31, 2024
Prepaid cards inventory	$	-	$	99,285
Less: reserve to reduce to net realizable value		-		(99,285	)
Total	$	-	$	-

PROPERTY AND EQUIPMENT

3 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

Property and equipment, stated at cost, consisted of the following:

SCHEDULE OF PROPERTY AND EQUIPMENT

	Estimated Life	June 30, 2024			March 31, 2024
Furniture and fixtures	5 years	$	180,278		$	180,278
Leasehold Improvements	3.2 years		273,490			273,490
Office equipment	3 years		5,500			5,500
Property and equipment, gross			459,268			459,268
Less: Accumulated depreciation			(223,477	)		(190,675	)
Total		$	235,791		$	268,593

Depreciation and amortization expense amounted to $32,802 and $18,026 for the three months ended June 30, 2024 and 2023, respectively.

INTERNAL-USE SOFTWARE DEVELOPMENT COSTS

3 Months Ended

Jun. 30, 2024

Research and Development [Abstract]

INTERNAL-USE SOFTWARE DEVELOPMENT COSTS

NOTE 5 – INTERNAL-USE SOFTWARE DEVELOPMENT COSTS

SCHEDULE OF SOFTWARE DEVELOPMENT COSTS

	June 30, 2024		March 31, 2024
Internal-use software development cost	$	551,683	$	551,683
Less: Accumulated amortization		-		-
Total	$	551,683	$	551,683

RELATED PARTY TRANSACTIONS

3 Months Ended

Jun. 30, 2024

RELATED PARTY TRANSACTIONS

NOTE 6 – RELATED PARTY TRANSACTIONS

COMMITMENTS AND CONTINGENCIES

3 Months Ended

Jun. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 7 – COMMITMENTS AND CONTINGENCIES

Leases

The Company reported the following summary of non-cancellable operating leases in accordance with the provisions of ASC 842 Topic 842 “Leases” as follows:

Summary of Non-Cancellable Operating Leases:

	Vehicle		Office Lease		Total
Right-of-use asset, net	$	22,918	$	46,003	$	68,921

Current lease liabilities	$	20,182	$	22,740	$	42,922
Non-current lease liabilities		-		24,156		24,156
Total operating lease liabilities	$	20,182	$	46,896	$	67,078

Vehicle

Supplemental balance sheet information related to the lease is as follows as of June 30, 2024:

Operating Lease
Right-of-use asset, net	$	22,918

Current lease liabilities	$	20,182
Non-current lease liabilities		-
Total operating lease liabilities	$	20,182

Weighted average remaining lease term (years)		0.92

Weighted average discount rate per annum		12	%

Anticipated future costs are as follows:

For the years ending	Vehicle
March 31, 2025 (remaining)	$	16,138
March 31, 2026		5,378
March 31, 2027
Total lease payments		21,516
Less: imputed interest		(1,334	)
Present value of lease liabilities	$	20,182

Office Lease – J Plaza

The Company recorded rent expense including common area maintenance of $11,359 for the three months ended June 30, 2024 and 2023, respectively.

BLUEONE CARD, INC.

NOTES TO CONDENSED June 30, 2024

(Unaudited)

Supplemental balance sheet information related to the lease is as follows as of June 30, 2024:

Operating Lease
Right-of-use asset, net	$	46,003

Current lease liabilities	$	22,740
Non-current lease liabilities		24,156
Total operating lease liabilities	$	46,896

Weighted average remaining lease term (years)		1.83

Weighted average discount rate per annum		12	%

Anticipated future costs are as follows:

For the years ending	Office Lease
March 31, 2025 (remaining)	$	20,359
March 31, 2026		27,755
March 31, 2027		4,658
Total lease payments		52,772
Less: imputed interest		(5,876	)
Present value of lease liabilities	$	46,896

Office Leases - Others

The Company has recorded total rent expense of $37,789 for both the three months ended June 30, 2024 and 2023, respectively.

Employment Agreement

Pursuant to the Agreement, the Officer is entitled to an annual base salary of $150,000 and that amount is subject to an automatic 10% annual increase on the anniversary date (See Note 6).

BLUEONE CARD, INC.

NOTES TO CONDENSED June 30, 2024

(Unaudited)

Reseller Agreement with Expanse Financial Technologies, Inc. (“ExpanseFT”)


Months 0-3	$	-
Months 4 – 12		5,000
Year 2		10,000
Year 3 and thereafter		15,000

Legal Costs and Contingencies

STOCKHOLDERS’ EQUITY

3 Months Ended

Jun. 30, 2024

Equity [Abstract]

STOCKHOLDERS’ EQUITY

NOTE 8 – STOCKHOLDERS’ EQUITY

Common Stock

During the three months ended June 30, 2024, the Company sold 18,750 shares of common stock for a total cash consideration of $75,000.

As a result of all common stock issuances, the total issued and outstanding shares of common stock were 12,106,204 shares and 12,072,454 shares as of June 30, 2024 and March 31, 2024, respectively.

Preferred Stock

Series A Preferred Stock

There are 1,000,000 shares of Series A Preferred Stock designated and 292,000 shares issued and outstanding as of June 30, 2024 and March 31, 2024, respectively.

Liquidation Rights

Stock Splits, Dividends and Distributions

BLUEONE CARD, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

June 30, 2024

(Unaudited)

Conversion Rights

Each share of Series A Preferred Stock is convertible, at the option of the holder, into 1,000 shares of Common Stock.

Voting Rights

As a result of all preferred stock issuances, the total issued and outstanding shares of preferred stock were 292,000 shares as of June 30, 2024 and March 31, 20243, respectively.

2022 Stock Incentive Plan

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

3 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

Use of Estimates

Use of Estimates

Cash and Cash Equivalents

Cash and Cash Equivalents

Concentrations

Concentrations

Cash Concentration

Significant Vendor and Concentration

Loans Receivable

Loans Receivable

Inventory

Inventory

Property and Equipment

Property and Equipment

Internal-Use Software Development Costs

Internal-Use Software Development Costs

Long-lived Assets

Long-lived Assets

Leases

Leases

Fair value of Financial Instruments and Fair Value Measurements

Fair value of Financial Instruments and Fair Value Measurements

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

Revenue Recognition

Revenue Recognition

Stock-based Compensation

Stock-based Compensation

Research and Development Costs

Research and Development Costs

Income Taxes

Income Taxes

BLUEONE CARD, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

June 30, 2024

(Unaudited)

Earnings (Loss) Per Common Share

Earnings (Loss) Per Common Share

SCHEDULE OF EARNING PER SHARE

	2024			2023
	For the Three Months Ended June 30,
	2024			2023
Net loss computation of basic and diluted net loss per common share:
Net loss attributable to common stockholders	$	(259,359	)	$	(322,929	)

Basic and diluted net loss per share:
Basic and diluted net loss per common shareholder	$	(0.02	)	$	(0.03	)
Basic and diluted weighted average common shares outstanding		12,090,050			11,392,159

	June 30, 2024		June 30, 2023
Preferred stock		292,000,000		292,000,000
Total anti-dilutive weighted average shares		292,000,000		292,000,000

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

SCHEDULE OF EARNING PER SHARE

	2024			2023
	For the Three Months Ended June 30,
	2024			2023
Net loss computation of basic and diluted net loss per common share:
Net loss attributable to common stockholders	$	(259,359	)	$	(322,929	)

Basic and diluted net loss per share:
Basic and diluted net loss per common shareholder	$	(0.02	)	$	(0.03	)
Basic and diluted weighted average common shares outstanding		12,090,050			11,392,159

SCHEDULE OF ANTI-DILUTIVE SECURITIES OF EARNING PER SHARE

	June 30, 2024		June 30, 2023
Preferred stock		292,000,000		292,000,000
Total anti-dilutive weighted average shares		292,000,000		292,000,000

INVENTORY (Tables)

3 Months Ended

Jun. 30, 2024

Inventory Disclosure [Abstract]

SCHEDULE OF INVENTORY OF PREPAID DEBIT CARDS AND GIFT CARDS

Inventory of prepaid debit cards and gift cards consisted of the following:

	June 30, 2024		March 31, 2024
Prepaid cards inventory	$	-	$	99,285
Less: reserve to reduce to net realizable value		-		(99,285	)
Total	$	-	$	-

PROPERTY AND EQUIPMENT (Tables)

3 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

SCHEDULE OF PROPERTY AND EQUIPMENT

Property and equipment, stated at cost, consisted of the following:

SCHEDULE OF PROPERTY AND EQUIPMENT

	Estimated Life	June 30, 2024			March 31, 2024
Furniture and fixtures	5 years	$	180,278		$	180,278
Leasehold Improvements	3.2 years		273,490			273,490
Office equipment	3 years		5,500			5,500
Property and equipment, gross			459,268			459,268
Less: Accumulated depreciation			(223,477	)		(190,675	)
Total		$	235,791		$	268,593

INTERNAL-USE SOFTWARE DEVELOPMENT COSTS (Tables)

3 Months Ended

Jun. 30, 2024

Research and Development [Abstract]

SCHEDULE OF SOFTWARE DEVELOPMENT COSTS

	June 30, 2024		March 31, 2024
Internal-use software development cost	$	551,683	$	551,683
Less: Accumulated amortization		-		-
Total	$	551,683	$	551,683

COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Jun. 30, 2024

Lessee, Lease, Description [Line Items]

SCHEDULE OF NON-CANCELLABLE OPERATING LEASES

Summary of Non-Cancellable Operating Leases:

	Vehicle		Office Lease		Total
Right-of-use asset, net	$	22,918	$	46,003	$	68,921

Current lease liabilities	$	20,182	$	22,740	$	42,922
Non-current lease liabilities		-		24,156		24,156
Total operating lease liabilities	$	20,182	$	46,896	$	67,078

SCHEDULE OF MINIMUM MONTHLY PROGRAM MANAGEMENT


Months 0-3	$	-
Months 4 – 12		5,000
Year 2		10,000
Year 3 and thereafter		15,000

Vehicle [Member]

Lessee, Lease, Description [Line Items]

SCHEDULE OF SUPPLEMENTAL INFORMATION UNDER OPERATING LEASE

Supplemental balance sheet information related to the lease is as follows as of June 30, 2024:

Operating Lease
Right-of-use asset, net	$	22,918

Current lease liabilities	$	20,182
Non-current lease liabilities		-
Total operating lease liabilities	$	20,182

Weighted average remaining lease term (years)		0.92

Weighted average discount rate per annum		12	%

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER OPERATING LEASES

Anticipated future costs are as follows:

For the years ending	Vehicle
March 31, 2025 (remaining)	$	16,138
March 31, 2026		5,378
March 31, 2027
Total lease payments		21,516
Less: imputed interest		(1,334	)
Present value of lease liabilities	$	20,182

Office Lease [Member]

Lessee, Lease, Description [Line Items]

SCHEDULE OF SUPPLEMENTAL INFORMATION UNDER OPERATING LEASE

Supplemental balance sheet information related to the lease is as follows as of June 30, 2024:

Operating Lease
Right-of-use asset, net	$	46,003

Current lease liabilities	$	22,740
Non-current lease liabilities		24,156
Total operating lease liabilities	$	46,896

Weighted average remaining lease term (years)		1.83

Weighted average discount rate per annum		12	%

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER OPERATING LEASES

Anticipated future costs are as follows:

For the years ending	Office Lease
March 31, 2025 (remaining)	$	20,359
March 31, 2026		27,755
March 31, 2027		4,658
Total lease payments		52,772
Less: imputed interest		(5,876	)
Present value of lease liabilities	$	46,896

NATURE OF OPERATIONS, GOING CONCERN AND BASIS OF PRESENTATION (Details Narrative) - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss	$ (259,359)	$ (322,929)
Net cash flows used in operating activities	(134,710)	$ (273,155)
Accumulated deficit	4,131,111		$ 3,871,752
Working capital deficit	$ 776,187

SCHEDULE OF EARNING PER SHARE (Details) - USD ($)	3 Months Ended
SCHEDULE OF EARNING PER SHARE (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Accounting Policies [Abstract]
Net loss attributable to common stockholders	$ (259,359)	$ (322,929)
Basic net loss per common shareholder	$ (0.02)	$ (0.03)
Diluted net loss per common shareholder	$ (0.02)	$ (0.03)
Basic weighted average common shares outstanding	12,090,050	11,392,159
Diluted weighted average common shares outstanding	12,090,050	11,392,159

SCHEDULE OF ANTI-DILUTIVE SECURITIES OF EARNING PER SHARE (Details) - shares	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive weighted average shares	292,000,000	292,000,000
Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive weighted average shares	292,000,000	292,000,000

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024
Property, Plant and Equipment [Line Items]
Cash equivalents	$ 0		$ 0
Amount advanced in loans receivables	$ 0		$ 102,305
Allowance for uncollectable Loans Receivables percentage	100.00%		100.00%
Inventory Adjustments	$ 0		$ 99,285
Expected useful life of internal-use software development costs	5 years
Impairment loss of long-lived assets	$ 0	$ 0
Revenues
Income tax benefit likely, description	more than 50 percent
General and Administrative Expense [Member]
Property, Plant and Equipment [Line Items]
Research and development costs	$ 0	$ 0
Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property and equipment	3 years
Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property and equipment	5 years

SCHEDULE OF INVENTORY OF PREPAID DEBIT CARDS AND GIFT CARDS (Details) - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Inventory Disclosure [Abstract]
Prepaid cards inventory		$ 99,285
Less: reserve to reduce to net realizable value		(99,285)
Total

SCHEDULE OF PROPERTY AND EQUIPMENT (Details) - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 459,268	$ 459,268
Less: Accumulated depreciation	(223,477)	(190,675)
Total	235,791	268,593
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 180,278	180,278
Property and equipment, estimated useful lives	5 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 273,490	273,490
Property and equipment, estimated useful lives	3 years 2 months 12 days
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 5,500	$ 5,500
Property and equipment, estimated useful lives	3 years

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense	$ 32,802	$ 18,026

SCHEDULE OF SOFTWARE DEVELOPMENT COSTS (Details) - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Research and Development [Abstract]
Internal-use software development cost	$ 551,683	$ 551,683
Less: Accumulated amortization
Total	$ 551,683	$ 551,683

INTERNAL-USE SOFTWARE DEVELOPMENT COSTS (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Research and Development [Abstract]
Capitalized costs of computer software	$ 0	$ 551,683

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)		3 Months Ended
	Dec. 01, 2020	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024
Related party payables		$ 17,284		$ 20,595
Compensation payable		621,238		571,325
Chief Executive Officer [Member]
Related party payables		17,284		20,595
Compensation payable		621,238		$ 571,325
Chief Executive Officer [Member] \| General and Administrative Expense [Member]
Compensation expenses		$ 49,913	$ 45,375
Chief Executive Officer [Member] \| Employment Agreement [Member]
Compensation expenses	$ 150,000
Annual salary increase percentage	10.00%

SCHEDULE OF NON-CANCELLABLE OPERATING LEASES (Details) - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Lessee, Lease, Description [Line Items]
Right-of-use asset, net	$ 68,921	$ 79,543
Current lease liabilities	42,922	41,466
Non-current lease liabilities	24,156	$ 35,371
Total operating lease liabilities	67,078
Vehicle [Member]
Lessee, Lease, Description [Line Items]
Right-of-use asset, net	22,918
Current lease liabilities	20,182
Non-current lease liabilities
Total operating lease liabilities	20,182
Office Leases [Member]
Lessee, Lease, Description [Line Items]
Right-of-use asset, net	46,003
Current lease liabilities	22,740
Non-current lease liabilities	24,156
Total operating lease liabilities	$ 46,896

SCHEDULE OF SUPPLEMENTAL INFORMATION UNDER OPERATING LEASE (Details) - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Lessee, Lease, Description [Line Items]
Right-of-use asset, net	$ 68,921	$ 79,543
Current lease liabilities	42,922	41,466
Non-current lease liabilities	24,156	$ 35,371
Total operating lease liabilities	67,078
Vehicle [Member]
Lessee, Lease, Description [Line Items]
Right-of-use asset, net	22,918
Current lease liabilities	20,182
Non-current lease liabilities
Total operating lease liabilities	$ 20,182
Weighted average remaining lease term (years)	11 months 1 day
Weighted average discount rate per annum	12.00%
Office Lease [Member]
Lessee, Lease, Description [Line Items]
Right-of-use asset, net	$ 46,003
Current lease liabilities	22,740
Non-current lease liabilities	24,156
Total operating lease liabilities	$ 46,896
Weighted average remaining lease term (years)	1 year 9 months 29 days
Weighted average discount rate per annum	12.00%

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER OPERATING LEASES (Details)	Jun. 30, 2024 USD ($)
Lessee, Lease, Description [Line Items]
Present value of lease liabilities	$ 67,078
Vehicle [Member]
Lessee, Lease, Description [Line Items]
March 31, 2025 (remaining)	16,138
March 31, 2026	5,378
Total lease payments	21,516
Less: imputed interest	(1,334)
Present value of lease liabilities	20,182
Office Lease [Member]
Lessee, Lease, Description [Line Items]
March 31, 2025 (remaining)	20,359
March 31, 2026	27,755
March 31, 2027	4,658
Total lease payments	52,772
Less: imputed interest	(5,876)
Present value of lease liabilities	$ 46,896

SCHEDULE OF MINIMUM MONTHLY PROGRAM MANAGEMENT (Details)	Jun. 30, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Months 0-3
Months 4 – 12	5,000
Year 2	10,000
Year 3 and thereafter	$ 15,000

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)											3 Months Ended
	Mar. 01, 2024	Feb. 27, 2024	Apr. 13, 2023	Oct. 01, 2022	Jul. 12, 2022	Nov. 25, 2021	Jan. 01, 2021	Dec. 01, 2020	Oct. 26, 2020	Aug. 27, 2020	Jun. 30, 2024	Jun. 30, 2023	Oct. 28, 2020	Sep. 07, 2020
Product Liability Contingency [Line Items]
Rent expenses											$ 37,789	$ 37,789
Due diligence fee	$ 5,000
Operating Lease Agreement [Member]
Product Liability Contingency [Line Items]
Lease term									12 months
Rent expenses											19,500	19,500
Rent per month						$ 6,500			$ 5,500
Security deposit													$ 5,500
Employment Agreement [Member] \| Officer [Member]
Product Liability Contingency [Line Items]
Salary and Wage, Officer, Excluding Cost of Good and Service Sold								$ 150,000
Deferred Compensation Arrangement with Individual, Cash Awards Granted, Percentage								10.00%
Reseller Agreement [Member]
Product Liability Contingency [Line Items]
Commitment fee		$ 60,000
Non-refundable expense	$ 42,500
Office Space in Executive Suite [Member]
Product Liability Contingency [Line Items]
Rent expenses											867	867
Rent per month				$ 289			$ 279			$ 259
Security deposit														$ 259
Vehicle [Member]
Product Liability Contingency [Line Items]
Lease term					3 years
Lease payment					$ 10,000
Lease cost					8,207
Rent expenses											$ 6,063	6,063
Lease expiration											Jul. 11, 2025
Vehicle [Member] \| First Month Payment [Member]
Product Liability Contingency [Line Items]
Lease payment					$ 1,793
Office Lease [Member]
Product Liability Contingency [Line Items]
Rent expenses											$ 11,359	$ 11,359
Rent per month			$ 2,196
Maintenance charges			$ 1,531
Lease description			The lease commenced on April 13, 2023 and extends for a term of three years and two months. The Company has an option to extend the lease for a period of 36 months after completion of the initial lease term. The Company has not included the extension period in calculating the present value of the lease. The rent is payable on the first day of each month, commencing either (1) opening of the business after tenant improvements, or (2) sixty days after the lease execution date.
Office Lease [Member] \| One Month Rent [Member]
Product Liability Contingency [Line Items]
Rent per month			$ 8,119
Office Lease [Member] \| Two Month Rent [Member]
Product Liability Contingency [Line Items]
Security deposit			$ 4,391

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)		3 Months Ended		12 Months Ended
STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)	Apr. 08, 2024	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 11, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock, shares authorized		500,000,000		500,000,000
Common stock, par value		$ 0.001		$ 0.001
Preferred stock, shares authorized		25,000,000		25,000,000
Preferred stock, par value		$ 0.001		$ 0.001
Stock subscription received		$ (60,000)
Common stock, shares issued		12,106,204		12,072,454
Common stock, shares outstanding		12,106,204		12,072,454
Preferred stock, shares issued		292,000		292,000
Preferred stock, shares outstanding		292,000		292,000
2022 Stock Incentive Plan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of common stock for issuance		4,750,000		4,750,000	5,000,000
Series A Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock, shares authorized		1,000,000		1,000,000
Preferred stock, shares issued		292,000		292,000
Preferred stock, shares outstanding		292,000		292,000
Liquidation preference, per share		$ 0.001
Conversion of stock, description		Each share of Series A Preferred Stock is convertible, at the option of the holder, into 1,000 shares of Common Stock.
Common stock issuable upon conversion		1,000
Voting rights, description		The holders of shares of Series A Convertible Preferred Stock shall be entitled to vote on any and all matters considered and voted upon by the Company’s Common Stock. The holders of the Series A Convertible Preferred Stock shall be entitled to 1,000 (one thousand) votes per share of Common Stock.
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock subscription received
Number of shares issued		33,750	1,697,700
Number of shares sold		18,750
Value of shares sold		$ 75,000
Six Investors [Member] \| Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock subscription received				$ 60,000
Number of shares issued	15,000

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