RGPX Regenerex Pharma Inc (PK)

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 UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 10-Q

 

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended September 30, 2024

 

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT

 

Commission File No. 000-53230

 

 

 

REGENEREX PHARMA, INC.

(Exact name of registrant as specified in its charter) 

 

Nevada		98-0479983
(State or other jurisdiction of		(IRS Employer
incorporation or organization)		Identification No.)

 

5348 Vegas Drive #177

Las Vegas, NV 89108

(Address of principal executive offices)

 

(877) 761-7479

Registrant’s telephone number, including area code

 

Indicate by check mark whether the Registrant (1) has filed all reports required 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 [X ] No [   ]

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted 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 and post such files).

Yes [X] No [  ]

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a 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	[X]
		Emerging growth company	[X]

 

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 Exchange Act).

Yes [ ] No [X]

 

Securities registered pursuant to Section 12(b) of the Act: None

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

  

Class		Outstanding at November 04, 2024
Common stock, $0.001 par value		278,435,910

 

 

“Explanatory Note Regarding Forward-Looking Statements:”

This Quarterly Report on Form 10-Q contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These statements may be identified by such forward-looking terminology as “may,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue” or the negative of these terms or other comparable terminology. Our forward-looking statements are based on a series of expectations, assumptions, estimates and projections about our company, are not guarantees of future results or performance and involve substantial risks and uncertainty. We may not actually achieve the plans, intentions or expectations disclosed in these forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in these forward-looking statements. Our business and our forward-looking statements involve substantial known and unknown risks and uncertainties, including the risks and uncertainties inherent in our statements regarding:

 

●     our ability to add new customers.

●     the impacts of COVID-19, or other future pandemics on our business, results of operations, financial position, and cash flows.

●     the potential benefits of and our ability to maintain our relationships and establish or maintain future collaborations or strategic relationships or obtain additional funding.

●     our marketing capabilities and strategy.

●     our ability to maintain a cost-effective program.

●     our ability to retain the continued service of our key professionals and to identify, hire and retain additional qualified professionals.

●     our competitive position, and developments and projections relating to our competitors and our industry.

●     our estimates regarding expenses, future revenue, capital requirements and needs for additional financing; and

●     the impact of laws and regulations.

 

All of our forward-looking statements are as of the date of this Quarterly Report on Form 10-Q only. In each case, actual results may differ materially from such forward-looking information. We can give no assurance that such expectations or forward-looking statements will prove to be correct. An occurrence of, or any material adverse change in, one or more of the risk factors or risks and uncertainties referred to in this Quarterly Report on Form 10-Q or included in our other public disclosures or our other periodic reports or other documents or filings filed with or furnished to the U.S. Securities and Exchange Commission (the “SEC”) could materially and adversely affect our business, prospects, financial condition and results of operations. Except as required by law, we do not undertake or plan to update or revise any such forward-looking statements to reflect actual results, changes in plans, assumptions, estimates or projections or other circumstances affecting such forward-looking statements occurring after the date of this Quarterly Report on Form 10-Q, even if such results, changes or circumstances make it clear that any forward-looking information will not be realized. Any public statements or disclosures by us following this Quarterly Report on Form 10-Q that modify or impact any of the forward-looking statements contained in this Quarterly Report on Form 10-Q will be deemed to modify or supersede such statements in this Quarterly Report on Form 10-Q.

 

REGENEREX PHARMA, INC.

 

INDEX TO FORM 10-Q FILING

FOR THE SIX MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

TABLE OF CONTENTS

 

		PAGE
PART I - FINANCIAL INFORMATION
Item 1.	Financial Statements (Unaudited)	5
	Balance Sheets	5
	Statements of Operations	6
	Statements of Cash Flows	7
	Statements of Stockholders’ Deficit	8
	Notes to Financial Statements	9
Item 2.	Management Discussion & Analysis of Financial Condition and Results of Operations	16
Item 3	Quantitative and Qualitative Disclosures About Market Risk	21
Item 4.	Controls and Procedures	21
PART II - OTHER INFORMATION
Item 1.	Legal Proceedings	23
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	23
Item 3.	Defaults Upon Senior Securities	23
Item 4.	Mining Safety Disclosures	23
Item 5	Other Information	23
Item 6.	Exhibits	23
CERTIFICATIONS
31.1	Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act
31.2	Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act
32.1	Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act
32.2	Certification of Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act

 

4

 

 PART I

FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

 REGENEREX PHARMA, INC.

BALANCE SHEETS

(UNAUDITED)

 

	September 30, 2024				March 31, 2024
ASSETS
Current Assets
Cash and equivalents	$	294			$	372
Prepaid expenses		1,541				2,540
Total Current Assets		1,835				2,912
Website, net of accumulated amortization of $30,392 and $29,272, as of September 30 and March 31, 2024, respectively		208				1,328
Furniture and computer equipment, net of accumulated depreciation of $2,465 and $1,600, as of September 30 and March 31, 2024,respectively		5,232				6,097
Right of use asset		625,679				756,343
Total Assets	$	632,954			$	766,680
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current Liabilities
Accounts payable	$	154,616			$	116,760
Related party advances		3,690				3,690
Accrued compensation		705,617				511,847
Other accrued liabilities		126,328				97,251
Current portion of notes payable to shareholder		621,756				475,050
Current portion of notes payable to related parties		247,976				110,500
Current portion of notes payable		2,824,232				2,400,000
Current portion of leases liabilities		166,308				128,264
Total Current Liabilities		4,850,523				3,843,362
Notes payable to shareholder, net of current portion		—				119,114
Notes payable, net of current portion		—				184,232
Lease liabilities, net of current portion		539,594				681,798
Total Liabilities		5,390,117				4,828,506
Commitments and Contingencies (Note 7)		-				-
Stockholders’ Deficit
Common stock: $0.001 par value; 675,000,000 shares authorized; 278,435,910 and 278,225,910 issued and outstanding as September 30, 2024 and March 31, 2024, respectively		278,436				278,226
Additional paid-in capital		1,382,383				1,275,798
Accumulated deficit		(6,417,982	)			(5,615,850	)
Total Stockholders’ Deficit		(4,757,163	)			(4,061,826	)
Total Liabilities and Stockholders’ Deficit	$	632,954			$	766,680

 

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

5

 

REGENEREX PHARMA, INC.

STATEMENTS OF OPERATIONS

(UNAUDITED)

 

		Three Months Ended								Six Months Ended
		September 30,								September 30,
		2024				2023				2024				2023
Operating Expenses
General and administrative	$	258,384			$	385,923			$	512,664			$	546,097
Research and development		—				2,400,000				—				2,400,000
Total Operating Expenses		258,384				2,785,923				512,664				2,946,097
Operating Loss		(258,384	)			(2,785,923	)			(512,664	)			(2,946,097	)
Other Income (Expense)
Interest expense		(266,157	)			(19,801	)			(288,490	)			(38,307	)
Foreign currency gain (loss)		(5,031	)			4,275				(978	)			(2,620	)
Total Other Income (Expense)		(271,188	)			(15,526	)			(289,468	)			(40,927	)
Net Loss	$	(529,572	)		$	(2,801,449	)		$	(802,132	)		$	(2,987,024	)
Basic and Diluted Loss per Common Share	$	(0.00	)		$	(0.01	)		$	(0.00	)		$	(0.01	)
Weighted Average Number of Common Shares Outstanding		278,281,562				277,516,358				278,254,052				277,337,306

 

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

 

6

 

REGENEREX PHARMA, INC.

STATEMENTS OF CASH FLOWS

(UNAUDITED)

 

	For the Six Months Ended
	September 30,
	2024				2023
Cash Flows from Operating Activities:
Net loss	$	(802,132	)		$	(2,987,024	)
Adjustments to reconcile net loss to cash flows used in operating activities:
Depreciation and amortization		1,985				1,975
Stock-based compensation		56,795				133,388
Non-cash research and development expenses		—				2,400,000
Non-cash extension fee to Greenwich Resources		240,000				—
Amortization of ROU assets, net of liabilities		26,504				22,880
Foreign currency adjustments		978				2,620
Changes in operating assets and liabilities:
Prepaid expenses		999				(13,250	)
Accounts payable		70,086				92,993
Accrued compensation		193,770				96,885
Other accrued liabilities		29,077				(43,753	)
Net cash used in operating activities		(181,938	)			(293,286	)
Cash Flows from Investing Activities:
Purchase of furniture and computer equipment		—				(6,299	)
Net cash used in investing activities		—				(6,299	)
Cash Flows from Financing Activities:
Related party advances, net		—				2,437
Repayment of notes payable to related parties		—				(34,000	)
Repayment of notes payable to shareholder		—				(10,000	)
Proceeds from notes payable to related parties		131,860				—
Proceeds from notes payable to shareholder		—				2,843
Proceeds from sale of common stock and warrants		50,000				343,250
Net cash provided by financing activities		181,860				304,530
Increase (Decrease) in cash and equivalents		(78	)			4,945
Cash and cash equivalents, beginning of period		372				1,135
Cash and cash equivalents, end of period	$	294			$	6,080
Supplemental Cash Flow Information – Cash Paid For:
Income Taxes	$	—			$	—
Interest	$	—			$	—
Non-Cash Investing and Financing Activities:
Accrued interest converted into notes payable to shareholder	$	26,622			$	25,649
Accrued interest converted into notes payable to related parties	$	5,616			$	52,545
Operating leases, ROU asset and liabilities	$	—			$	953,535
Note payable issued for acquisition of intellectual property	$	—			$	2,400,000
Note payable for interest expense	$	240,000			$	—

 

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

7

 

REGENEREX PHARMA, INC.

STATEMENTS OF STOCKHOLDERS’ DEFICIT

(UNAUDITED)

 

	Common Stock
	Shares				Amount				Additional Paid-in Capital				Accumulated Deficit				Stockholders’ Deficit
Balance at March 31, 2023	277,112,660			$	277,113			$	671,963			$	(2,072,023	)		$	(1,122,947	)
Shares and warrants sold for cash	190,000				190				189,810				—				190,000
Stock-based compensation	30,000				30				34,524				—				34,554
Net loss	—				—				—				(185,575	)			(185,575	)
Balance at June 30, 2023	277,332,660				277,333				896,297				(2,257,598	)			(1,083,968	)
Balance at June 30, 2023	277,332,660				277,333				896,297				(2,257,598	)			(1,083,968	)
Shares and warrants sold for cash	153,250				153				153,097				—				153,250
Stock-based compensation	430,000				430				98,404				—				98,834
Net loss	—				—				—				(2,801,449	)			(2,801,449	)
Balance at September 30, 2023	277,915,910			$	277,916			$	1,147,798			$	(5,059,047	)		$	(3,633,333	)
Balance at March 31, 2024	278,225,910			$	278,226			$	1,275,798			$	(5,615,850	)		$	(4,061,826	)
Stock-based compensation	30,000				30				20,967				—				20,997
Net loss	—				—				—				(272,560	)			(272,560	)
Balance at June 30, 2024	278,255,910			$	278,256			$	1,296,765			$	(5,888,410	)		$	(4,313,389	)
Balance at June 30, 2024	278,255,910			$	278,256			$	1,296,765			$	(5,888,410	)		$	(4,313,389	)
Shares and warrants sold for cash	50,000				50				49,950				—				50,000
Stock-based compensation	130,000				130				35,668				—				35,798
Net loss	—				—				—				(529,572	)			(529,572	)
Balance at September 30, 2024	278,435,910			$	278,436			$	1,382,383			$	(6,417,982	)		$	(4,757,163	)

 

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

 

8

 

 

REGENEREX PHARMA, INC.

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED) 

NOTE 1 – NATURE OF OPERATIONS

 

Regenerex Pharma, Inc., formerly Peptide Technologies, Inc. (the “Company” or “Regenerex”), was incorporated in the State of Nevada, United States of America, on November 18, 2005.

 

On November 15, 2021, the Company entered into an Asset Purchase Agreement in which the Company purchased certain intellectual property in exchange for 150,000,000 shares of the Company’s common stock and up to $10,000,000 in contingent consideration to be paid at the rate of 15% of all gross revenues received from sales or investment money into the Company, payable on the 15^th of the following month, for a period of 60 months.  On August 17, 2023, the Company entered into an Agreement to Purchase Technology Platforms in which the Company purchased certain intellectual property in exchange for an interest-free two million four hundred thousand dollars ($2,400,000) note payable that was due August 17, 2024.   Since the Company has not raised a minimum of ten million dollars ($10,000,000) in sales within the twelve (12) month period, or raised a minimum of ten million dollars ($10,000,000) in investment, the seller extended the payments for a further period of twelve (12) months for a 10% payment of the outstanding balance.  An interest-free note payable was issued for $240,000 and is due August 17, 2025.

 

The Company received all rights and title to proprietary wound healing technologies platforms and formulas involving the application of wound care protocols to treat all wounds, such as diabetic ulcers, pressure ulcers, burns and surgical wounds.  These unique products strategically position the Company to enter the wound treatment market in the U.S.

 

Risks and Uncertainties

 

Our business and our forward-looking statements involve substantial known and unknown risks and uncertainties, including the risks and uncertainties inherent in our statements regarding the impacts of COVID-19, or other future pandemics on our business, results of operations, financial position, and cash flows.

 

The Company has a lack of revenue history and has had a limited history of operations.  No revenue has historically been derived from the assets purchased.  Regenerex can give no assurance of success or profitability to the Company’s investors.

The wound care healing space is well suited for Home Care service providers that are funded by the US Government. Strategic planning and development will be performed internally by the Company.

 

NOTE 2 – BASIS OF PRESENTATION OF INTERIM FINANCIAL STATEMENTS

 

The Company prepares its financial statements in accordance with accounting principles generally accepted in the United States of America. The accompanying interim unaudited financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X. In our opinion, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included.

 

Operating results for the three and six months ended September 30, 2024, are not necessarily indicative of the results that may be expected for the year ending March 31, 2025.  Notes to the unaudited interim financial statements that would substantially duplicate the disclosures contained in the audited financial statements for the year ended March 31, 2024, have been omitted. This report should be read in conjunction with the audited financial statements and the footnotes thereto for the fiscal year ended March 31, 2024, included within the Company’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission.

 

9

 

NOTE 3 – GOING CONCERN 

 

These financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”), which contemplate the continuation of the Company as a going concern. The Company has incurred losses from operations, and as of September 30, 2024, it had excess liabilities over assets of $4,757,163.  These factors raise substantial doubt about the Company’s ability to continue as a going concern.

 

The Company requires significant cash to launch its business and reduce its payable.  Management’s plans are to actively seek capital to enable the Company to add new products and/or services to ultimately achieve profitability. However, management cannot provide assurance that they can raise sufficient capital and whether the Company will ultimately achieve profitability, become cash flow positive, or raise additional debt and/or equity capital.  If the Company is unable to raise additional capital in the near future or meet financing requirements, management expects that the Company will need to curtail operations, seek additional capital on less favorable terms, and/or pursue other remedial measures.

 

These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company become unable to continue as a going concern.

 

NOTE 4 –SIGNIFICANT ACCOUNTING POLICIES

 

Revenue Recognition

 

The Company will record revenue under ASC 606 by 1) identifying the contract with the customer 2) identifying the performance obligations in the contract 3) determining the transaction price, 4) allocating the transaction price to the required performance obligations in the contract, and 5) recognizing revenue when or as the companies satisfies a performance obligation.

 

We expect to generate revenue from home care service providers that are funded by the U.S. Government, State Medicaid Programs, International Health Care Programs, Veteran’s administration, Prison system, Home Health Care Providers, and other applicable Medicare reimbursement models.  The Company will defer revenue where the earnings process is not yet complete.  To date, no revenue has been generated from the asset acquisition disclosed in Note 1.

 

Earnings per Share

 

Earnings per share is reported in accordance with FASB ASC Topic 260 “Earnings per Share” which requires dual presentation of basic earnings per share (“EPS”) and diluted EPS on the face of all statements of earnings, for all entities with complex capital structures. Diluted EPS reflects the potential dilution that could occur from common shares issuable through the exercise or conversion of stock options, restricted stock awards, warrants and convertible securities. In certain circumstances, the conversion of these options, warrants and convertible securities are excluded from diluted EPS if the effect of such inclusion would be anti-dilutive. Fully diluted EPS is not provided, when the effect is anti-dilutive. When the effect of dilution on loss per share is anti-dilutive, diluted loss per share equals the loss per share.

 

During the six months ended September 30, 2024, the Company excluded the outstanding stock warrants from its calculation of earnings per share, as the warrants would be anti-dilutive. As at September 30, 2024 and 2023, the Company had common shares warrants outstanding of 2,910,250 and 2,306,250, respectively.

10

 

Website

 

Expenditures related to the planning and operation of the Company’s website are expensed as incurred. Expenditures related to the website application and infrastructure development are capitalized and amortized over the website’s estimated useful life of three (3) years. Amortization expense for the three and six months ended September 30, 2024 and 2023 was $405 and $723 and $1,120 and $1,437, respectively.

 

Furniture and Computer Equipment

 

Furniture and computer equipment are stated at cost, less accumulated depreciation.  Depreciation is computed using the straight-line method over the estimated useful life of three (3) to five (5) years.  Depreciation expense for the three and six months ended September 30, 2024 and 2023 was $430 and $422 and $865 and $538, respectively.  Significant betterments are capitalized while purchases under $500 are expensed as incurred.

 

Right of Use Assets and Lease Liabilities

 

The Company has active operating lease arrangements for office space, production equipment, and production facilities.  The Company is required to make fixed minimum rent payments relating to its right to use the underlying leased asset.  In accordance with the adoption of ASC 842, the Company recorded right-of-use assets and related lease liabilities for these leases as of September 2024.

 

The Company’s lease agreements do not provide an implicit borrowing rate.  Therefore, the Company used a benchmark approach to derive an incremental borrowing rate of 10% to discount each of its lease liabilities based on the remining lease term.

 

Stock-Based Compensation

 

The Company recognizes the cost of share-based payment awards on a straight-line attribution basis over the requisite employee service period and over the non-employee’s period of providing goods or services, net of estimated forfeitures.

 

Determining the fair value of share-based awards at the measurement date requires judgment, including estimating the expected term that stock options will be outstanding prior to exercise and the associated volatility. The Company estimates the fair value of options granted using the Black-Scholes valuation model. The expected life of the options used in this calculation is the period of time the options are expected to be outstanding. Expected stock price volatility is based on the historical volatility of comparable public companies’ common stock for a period approximating the expected life, and the risk-free interest rate is based on the implied yield available on US Treasury zero-coupon issues approximating the expected life. Judgment is also required in estimating the number of share-based awards that will be forfeited prior to vesting.

 

The fair value of restricted stock awards is based on the fair value of the Company’s common stock on the date of the grant.

 

Research and Development

 

We incur research and development costs during the process of researching and developing additional technologies purchased and future manufacturing processes.  Our research and development costs consist primarily of the purchase of additional intellectual property that we will use in the development of our planned product.  We expense these costs as incurred until the resulting product has been completed, tested, and made ready for commercial use.

 

Recent Accounting Pronouncements

 

The Financial Accounting Standards Board issued Accounting Standards Updates (“ASU”) to amend the authoritative literature in the Accounting Standards Codification (“ASC”). There have been a number of ASUs to date that amend the original text of the ASC. The Company believes those updates issued-to-date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to the Company, or (iv) are not expected to have a significant impact on the Company.

 

11

 

NOTE 5 – RELATED PARTY TRANSACTIONS

 

The Company purchased assets from the Company’s current Chief Executive Officer (“CEO”) and Secretary/Treasurer (see note 6).

 

On June 10, 2023, the Company, has entered into an agreement with Woundcare Labs, LLC., a party related to the CFO and CEO of the Company, to lease a plant and to lease equipment in Tennessee (see note 8).

 

Related Party Advances

 

The Company’s former Chief Financial Officer (“CFO”) had advanced the Company monies for operating expenses; no amounts were advanced during the periods presented.  The advances were due on demand, but no later than June 30, 2023.  The related party advances began to accrue interest at ten (10) percent per annum on July 1, 2019.  During the six months ended September 30, 2023, this note was transferred to a relative of the former CFO and was renewed upon maturity in the principal amount of $131,687 plus interest accrued as at June 30, 2023 in the amount of $52,545.  Interest expense was $9,237 and $3,285 during the six-month periods ended September 30, 2024 and 2023, respectively.  This transaction is no longer considered related party in nature, and thus is included in notes payable in the accompanying balance sheet.

 

During the six-month period ended September 30, 2024 and 2023, the Company’s Chief Financial Officer (“CFO”) and the Company’s Chief Executive Officer (“CEO”) advanced the Company monies for operating expenses in the net amount of $0 and $2,437, respectively.

 

The related party advances totaled $3,690 as of September 30, 2024 and March 31, 2024.

 

Notes Payable to Related Parties

 

During the six-month period ended September 30, 2024 and 2023, the Company’s CFO and the Company’s CEO advanced the Company monies for operating expenses in the amount of $131,860 and $0, respectively.  Repayment during the six-month period ended September 30, 2024 and September 30, 2023 was $0 and $34,000, respectively.  The notes are unsecured and accrue interest at ten (10) percent per annum.  Repayment is due no later than six months after the date of issue and range from November 20, 2024 to March 10, 2025.

 

During the six-months ended September 30, 2024, four notes with principal amount of $110,500 that came due during the period was reissued in the amount of $116,116 which included the principal amount plus accrued interest of $5,616.  This note is unsecured and bears interest at ten (10) percent per annum with principal and interest due March 5, 2025.

 

The related party notes payable totaled $247,976 and $110,500 as at September 30, 2024 and March 31, 2024.  Interest expenses were $9,101 and $1,630 during the six-month periods ended September 30, 2024 and 2023, respectively, which is included in other accrued liabilities.at September 30, 2024 and March 31, 2024, respectively.

 

Note Payable to Shareholder

 

As at September 30, 2024 and March 31, 2024, the Company had various promissory notes with total outstanding principal balances of $621,756 and $594,164, respectively, due to a shareholder of the Company.  These notes are unsecured, bear interest at 10% per annum, and have maturity dates ranging from October 11, 2024 to June 17, 2025.

12

 

During the six-months ended September 30, 2024, sixteen notes with principal amounts totaling approximately $172,396 ($237,244 Canadian Funds) that came due during the period were reissued in the total principal amount $186,605 ($256,139 Canadian Funds) which included the principal amount plus accrued interest of $14,209 ($18,895 Canadian Funds.)  During the six-months ended September 30, 2024, an additional seven notes with principal amounts totaling $143,556 that came due during the period were reissued in the total principal amount of $155,969 which included the principal amount plus accrued interest of $12,413.  These notes are unsecured and bear interest at ten (10) percent per annum with principal and interest due twelve (12) months after the date of issue.

 

Interest expenses were $30,152 and $28,715 during the six-month periods ended September 30, 2024 and 2023, respectively, which is included in other accrued liabilities at September 30, 2024 and March 31, 2024, respectively.

 

NOTE 6 – INTANGIBLE ASSETS AND INTELLECTUAL PROPERTY

 

On November 15, 2021, the Company entered into an Related Party Asset Purchase Agreement in which the Company purchased certain intellectual property in exchange for 150,000,000 shares of the Company’s common stock and up to $10,000,000 in contingent consideration to be paid at the rate of 15% of all gross revenues received from sales or investment money into the Company, payable on the 15th of the following month, for a period of 60 months. The Company received all rights and title to proprietary wound healing technologies platforms and formulas involving the application of wound care protocols to treat all wounds, such as diabetic ulcers, pressure ulcers, burns and surgical wounds. These unique products strategically position the Company to enter and capture a high proportionate market share in the U.S.

 

On August 17, 2023, the Company entered into an Agreement to Purchase Technology Platforms in which the Company purchased certain intellectual property in exchange for a two million four hundred thousand dollars ($2,400,000) note payable.  The intellectual property that was purchased requires further development prior to the product being finalized and produced so it has been expensed as research and development.   The note payable was due within twelve (12) months of the date of the agreement and is included in current liabilities.  As  the Company did not raise a minimum of ten million dollars ($10,000,000) in sales within twelve (12) months of the agreement date, or a maximum of ten million dollars ($10,000,000) in investment, the seller extended the payment for a further period of twelve (12) months for a 10% payment of the outstanding balance which is included in current liabilities.

 

The Technology Platforms include but are not limited to:

 

A.

Proteomic research platforms which include proprietary blends.

B.

Combination design Techniques

C.

Patent Pending Proprietary Blends

D.

Patent Pending Formulas

E.

Trademarks and all pending Trademarks

F.

510K USA FDA, information, and Know-how for application

G.

All Clinical trials, (Right to use)

H.

CE mark (International)

I.

Regenerex Library formula incorporated in the Wound Healing Technology.

J.

Wound Healing Technology QBX

K.

Synthetic Compositions of Cations derived from botanical material in the ash of Red- Oak Bark.

 

Products:

1.

Xcellderma over the counter product.

2.

Accelerex, combination product as a drug device.

3.

Accelerex in a tube.

 

NOTE 7 – COMMITMENTS AND CONTINGENCIES

 

The Company is not currently involved with and does not have knowledge of any pending or threatened litigation against the Company or any of its officers.

 

See Note 6 for discussion of the $10,000,000 in contingent consideration to be paid in connection with the November 15, 2021 Related Party Asset Purchase Agreement. Payments made to the Company’s CEO and CFO in connection with the Asset Purchase Agreement are $43,500 as at September 30, 2024 and March 31, 2024.  The outstanding liability of $22,988 and $15,488 as at September 30, 2024 and March 31, 2024 respectively is included in other accrued liabilities.

13

 

NOTE 8 – OPERATING LEASES

 

On April 1, 2023, the Company entered into an office lease agreement commencing in May 2023 which expires on April 30, 2028.  Under this agreement, the monthly rental payments are $1,650 throughout the term of the lease.  On September 6, 2024, the lease agreement was amended to expire November 1, 2024.  The Company is required to pay for all utilities used on the premises and has paid a security deposit of $800 which was refunded August 30, 2024.  As a result of the lease modification, the right of use assets and liabilities were remeasured as of the date of modification, resulting in the reduction in the ROU assets and liabilities of $59,919, with no material impact on the statement of operations.

 

On June 10, 2023, the Company entered into a plant facility lease agreement with a related party commencing June 9, 2023 which expires on June 30, 2028.  Under this agreement, the monthly rental payments are $18,000 throughout the term of the lease excepting the month of June 2023 the rent is $7,920, To commence with production, the plant needs to prepare for FDA inspection which will include inspection of the facility, equipment, and the Company’s procedures.  We expect to launch production during the Company’s third or fourth quarter and will notify the FDA to come into the plant for the inspection at that time.  The Company is able to start production while the plant waits for the FDA Inspection.  Until the certification is complete, the monthly rent is reduced by forty (40%) percent to $10,800. Under this agreement, the Company is also leasing the equipment in the plant facility through five (5) annual rent payments of $10,000, which are due on the 15thday of  each June from June 2023 to June 2027.

 

During the six-month periods ended September 30, 2024 and September 30, 2023 the operating lease cost was $111,704 and $81,451, respectively and is included in general and administrative expenses in the accompanying financial statements.

 

NOTE 9 – STOCKHOLDERS’ DEFICIT

 

The Company has authorized the issuance of 675,000,000 shares of common stock with a par value of $0.001 per share.

 

During the six months ended September 30, 2024 and 2023, the Compay issued and 160,000 and 460,000 shares, respectively, to board members and consultants for services rendered.  Total stock-based compensation expense was $28,800 and $82,800 during the six months ended September 30, 2024 and 2023, respectively, in connection with these issuances based on the fair value of the stock on the respective grant dates.

 

During the six months ended September 30, 2024 and 2023, the Company issued 252,000 and 590,000 warrants to board members and consultants for services rendered with a total grant date fair value of $24,959 and $59,691, respectively,  Total stock-based compensation expense of $27,995 and $50,588 was recorded in connection with these awards during the six months ended September 30, 2024 and 2023, respectively.  The warrants are fully vested and contain an exercise price of $0.33 per share and expire on dates ranging from July 1, 2029 to July 1, 2030.

 

The warrant fair values were estimated using a Black Scholes model with a 5-year expected term, risk-free interest rate ranging from 3.58% to 5.19%, a dividend yield of 0%, and an annualized standard deviation of stock price volatility of 80.0%.  The risk-free interest rate assumptions for options granted is based upon observed interest rates on the United States government securities appropriate for the expected term of the equity awards.

 

As of the date of this valuation, the Companies stock was not trading.  The volatility was calculated based on comparable public companies.  The Company will continue to monitor peer companies and other relevant factors used to measure expected volatility for future equipment award grants, until such time that the Company’s Common Stock has enough market history to use historical volatility.

14

 

The dividend yield assumption for equity awards granted is based on Company’s history and expectation of dividend payouts.  The Company has never declared or paid any cash dividends on its Common Stock, and the Company does not anticipate paying any cash dividends in the foreseeable future.

 

The closing stock price of the Company’s common stock is not available as the Company’s stock is not trading. As a result, the Board of Directors and management determined the fair value of the common stock to be $0.18 per share based upon an allocation of the recent cash price paid for common stock and warrants during the six months ended September 30, 2024.

 

During the six-month period ended September 30, 2024 and 2023, the Company issued 50,000 and 343,250 shares of common stock with a par value of $0.001 for the price of one ($1) dollar per share for a total of for a total of $50,000 and $343,250, respectively.  One warrant was issued for each share purchased during the six-month period ended September 30, 2024 for a total of 50,000 warrants. Five warrants were issued for each share purchased during the six-month period ended September 30, 2023, for a total of 1,716,250 warrants.  The warrants are exercisable at twenty ($0.20) cents and expire from April 2025 through August 2026.

 

As of September 30, 2024, 2,910,250 warrants had been issued and vested.  None of the warrants have been exercised.

 

NOTE 8 – SUBSEQUENT EVENTS

 

Subsequent to the six-month period ended September 30, 2024, four additional notes to a shareholder that were originally due in October and November 2024 with a principal amount of $94,672 were reissued in the principal amount of $99,405 which included the original principal amount of $94,672 plus interest accrued in the amount of $4,733. Repayment of the notes are due within six (6) months of the date of renewal.

 

Subsequent to the six-month period ended September 30, 2024 two additional notes to a shareholder that was originally due October and November 3, 2024 with a principal amount of approximately $23,000 US Funds ($31,320 Canadian funds) was reissued in the principal amount of approximately $26,000 US Funds ($35,316 Canadian Funds) which included the original principal amount of approximately $23,000 US Funds ($31,320 Canadian funds) plus interest accrued in the amount of approximately $3,000 US Funds ($3,996 Canadian Funds).  Repayment of the note is due within six (6) months of the date of renewal.

 

15

 

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

In this Quarterly Report, “Company,” “our company,” “us,” and “our” refer to Regenerex Pharma, Inc. unless the context requires otherwise.

 

Forward-Looking Statements

 

The following information contains certain forward-looking statements. Forward-looking statements are statements that estimate the happening of future events and are not based on historical fact. Forward-looking statements may be identified by the use of forward-looking terminology, such as “may,” “could,” “expect,” “estimate,” “anticipate,” “plan,” “predict,” “probable,” “possible,” “should,” “continue,” or similar terms, variations of those terms or the negative of those terms. The forward-looking statements specified in the following information have been compiled by our management on the basis of assumptions made by management and considered by management to be reasonable. Our future operating results, however, are impossible to predict and no representation, guaranty, or warranty is to be inferred from those forward-looking statements.

 

Estimated COVID-19 impacts and uncertainties

COVID-19 has severely impacted, and is expected to continue to impact, the economies of the U.S. and other countries around the world COVID-19 has created significant public health concerns as well as significant volatility, uncertainty, and economic disruption in every region in which we operate, all of which have adversely affected and may continue to adversely affect our industries and our business operations. Further, financial and credit markets have experienced and may again experience volatility.

 

Beginning in our first fiscal quarter of 2020, the novel coronavirus known as “COVID-19" began to spread throughout the world, resulting in a global pandemic. The pandemic triggered a significant downturn in global commerce as early as February 2020 and the challenging market conditions continued throughout the second half of fiscal 2020; through 2021 and into the first half of fiscal 2022 and may continue for an extended period of time.

 

COVID-19 continues to affect global economic conditions.  The situation surrounding COVID-19 remains fluid, and we are actively managing our response in collaboration with team members and business partners and assessing potential impacts to our financial position and operating results, as well as developments in our business.

 

Operations and New Developments

 

On November 15, 2021, the Company entered into an Related Party Asset Purchase Agreement in which the Company purchased certain intellectual property in exchange for 150,000,000 shares of the Company’s common stock and up to $10,000,000 in contingent consideration to be paid at the rate of 15% of all gross revenues received from sales or investment money into the Company, payable on the 15^th of the following month, for a period of 60 months.

 

On August 17, 2023, the Company entered into an Agreement to Purchase Technology Platforms in which the Company purchased certain intellectual property in exchange for a two million four hundred thousand dollars ($2,400,000) interest-free due August 17, 2024.  The note payable was due within twelve (12) months of the date of the agreement.  As the Company has not raised a minimum of ten million dollars ($10,000,000) in sales within twelve (12) months, or a maximum of ten million dollars ($10,000,000) in investment, the seller extended the payments for a further period of twelve (12) months for an interest-free promissory note of 10% of the balance outstanding on August 17, 2024 for a total of two hundred forty thousand ($240,000) which is due August 17, 2025.

 

The Company received all rights and title to proprietary wound healing technologies platforms and formulas involving the application of wound care protocols to treat all wounds, such as diabetic ulcers, pressure ulcers, burns and surgical wounds.  These unique products strategically position the Company to enter and capture a high proportionate market share in the U.S.

 

Currently management is engaged in developing managed care agreements with southeastern states to manage their Medicaid wound care patients. Regenerex would provide our wound care products and protocols which would result in a large savings for the state Medicaid population. The Company is also in the process of negotiating with several distributors in various Middle Eastern countries to provide the Company's products.

16

 

Business of Issuer

 

The business of Regenerex Pharma, Inc., (the “Company” or “Regenerex Pharma,”), is to develop and market Woundcare Healing products.  The Company has three technologies for different types of wound conditions.

 

•

The first is for closing chronic wounds,

•

the second is for accelerating closure of acute or surgical wounds, and

•

the third solves the issue on contamination of all types of wounds including the destruction of biofilms.

 

The current product technology provides the Company a number of complete wound care protocols to treat all wounds, such as diabetic ulcers, pressure ulcers, burns and surgical wounds.  These unique products strategically position the Company to enter and capture a high proportionate market share in the U.S. and global markets.

 

Products:

 

1.

Xcellderma OTC - Liquid Bandage Skin Protectant Xcellderma™ products are sterile wound dressings and are effective for treating diabetic foot ulcers, pressure ulcers, and other chronic wounds. During the last several years, a scientific and medical consensus has emerged that elevated protease levels impede wound healing. QBx™ the active ingredient down regulates the production of certain proteases and matrix metalloproteases, or MMPs, which are protein enzymes that are proven to impede the healing of a majority of chronic wounds. Approximately 80% of chronic wounds display elevated levels of proteases (including MMPs).

 

2.

Accelerex Sterile Wound Cream - The first commercially available medical device, Accelerex, is for the treatment of a wide variety of chronic and acute wounds. Accelerex is a custom-designed, FDA and CE approved unit-dose, sterile wound dressing impregnated with an ointment containing QBx. Chronic wounds are generally defined as wounds that have not healed after thirty days of consistent clinical treatment, and include diabetic ulcers, burns, pressure ulcers (bedsores), and venous stasis ulcers. The Company’s broadly enabling technology was discovered from oak bark extract and referred to as QBx™.

 

3.

Accelerex Impregnated Sterile Wound Dressing - For use as a wound dressing to manage pressure ulcers (stages I-IV), stasis ulcers, diabetic skin ulcers, skin irritations, cuts, and abrasions. FDA-cleared, prescription-only combination device that blends the benefits of a wound dressing with two drug components. Provides 3 modes of action to help treat acute and chronic wounds: Protective dressing, moisturizing ointment and 2 drug components: rubidium chloride and potassium chloride.

 

Regenerex System has been shown in many clinical trials to successfully close up to 95% of non-responding chronic wounds within 90 days. The wounds clinically tested had already been subject to current protocols of treatment and failed to heal. Competitive clinical trials indicated there isn’t another System that has the ability to close chronic wounds at these levels and speed. Not only does the System close chronic wounds relatively quickly but it does so at a very reasonable cost.

 

QBx™ contributes to setting up a suitable environment to allow wounds to close.  Other than the products marketed by the Company, there are no products currently available on the market that are successful in healing chronic, non-healing wounds through the down regulation of proteases.  Other modern wound dressings such as hydrocolloids and collagens absorb wound fluids, but these dressings do not impact the cellular environment with simple gauze and gauze-like dressings to cover and protect the wound.

 

Our QBx™ technology is the most efficacious, and clinically proven Chronic wound Care product in the world. Chronic wounds are those that fail to progress through a normal, orderly, and timely sequence of repair. They are not only characterized by delayed healing for weeks, months, or even years, but also by a resistance to treatment with conventional dressings and therapies. They impart a particularly devastating financial and quality-of-life burden on individuals suffering from the wounds and are frustrating for the caregivers and clinicians who attempt to manage, but fail to heal, these wounds.

17

 

Non-healing chronic wounds are thought to be a consequence of factors that affect both the production of new tissue and the elevated destruction of existing tissue. Biochemically, these wounds appear to be stuck in a catabolic, inflammatory phase that is hostile to local growth factors and the activity of fibroblasts and keratinocytes.  Increases in matrix metalloproteinases (MMPs) MMP-2 and MMP-9 are of significance in non-healing chronic wounds.

 

MMPs are a group of zinc-containing proteolytic enzymes that play an important role in the remodeling of the extracellular matrix of wounds.  An overproduction of MMPs may result in degradation of the extracellular matrix and inactivation of vital growth factors.  A precisely orchestrated balance of MMP production and their natural inhibitors (TIMPs) is needed.

 

Additionally, it is theorized that wounds stuck in the inflammatory phase persistently overproduce free radicals or reactive oxygen species (ROS).  At low concentration and early in the inflammatory phase of wound healing, ROS such as hydrogen peroxide (H2O2), have a positive effect on healing through stimulation of fibroblast proliferation. However, persistent overproduction of ROS is thought to be detrimental to healing.  A new treatment strategy has emerged focused upon manipulating the expression of genes which control the endogenous production of MMPs and TIMPs within the local wound environment.  Contrary to modalities designed to sequester MMPs and/or act as a competitive substrate for protease activity, this technology strategy relies on delivery of metal ions into the wound to help regulate gene expression for the production of MMPs and TIMPs, thus bringing them into balance. These metal ions are delivered via a polyethylene glycol based, QBx™ ointment, which also contains citric acid to help normalize wound pH and reduce ROS activity. The QBx™ ointment is delivered via a tube or an acetylated regenerated cellulose carrier which allows for the passage of wound drainage and is non-fiber shedding. The entire composition is marketed as our primary wound dressing called Accelerex™.

 

Approximately 80% of chronic wounds display elevated levels of MMPs. Traditionally, however, these wounds have been managed with simple gauze and gauze-like dressings to cover and protect the wound.  Other modern wound dressings such as hydrocolloids and collagens absorb wound fluids, but these dressings do not impact the cellular environment. This void in the treatment regimen offers a unique market advantage. QBx™ contributes to creating a suitable environment to allow wounds to close.  These formularies are based on Proteases Down Regulating Technology and provide the System for a comprehensive suite of wound care products focused on the treatment of chronic wounds.

 

Chronic wounds impose significant costs to the US economy.  Chronic wounds are a growing issue in the United States, causing immense patient pain and suffering as well as substantial economic and social cost.  Although precise information on the prevalence of chronic wounds in the US is unavailable, it is estimated that, as of 2021, there were more than 8.3 million Americans suffering from chronic wounds.  Chronic wounds are generally defined as wounds that have not healed after ninety days of consistent clinical treatment, and include diabetic foot ulcers, pressure ulcers (bedsores), and venous stasis ulcers, however this does not include acute wounds.

 

The most common chronic wounds are diabetic foot ulcers and pressure ulcers.  The increasing number of Americans with diabetes and obesity we well as the aging population will likely cause the number of individuals with chronic wounds to continue to rise.  In addition to the immeasurable human benefits of improving treatment outcomes, there would be substantial economic effect.  The costs of medical treatment could be expected to decrease, and, as patients are able to return to work sooner, productivity would increase.

 

Due to the staggering costs associated with chronic wounds in the US, the Affordable Healthcare Act (AHA) is changing how the entire wound care system is reimbursed in the US. Now all four markets segments: hospital, nursing homes, home health, and general wound care clinics are all on paid on a “pay for performance basis.”  These cost pressures in the healthcare system are a major issue in the wound care market, with the US government and payors seeking new approaches that address cost constraints and product performance.  Home health is now paid on a “diagnostic code” for the wound in single payments removing the risk from the Payee to the Payer.  The Company’s first markets will be those segments that are totally “at risk” for single payments to close the wounds.  Today, the fastest growing segment in the US wound market is Home Health and Nursing Homes due to the aging population.

18

 

The Company has purchased proprietary wound care formulations, and has entered into an agreement, dated June 10, 2023, with Woundcare Labs, LLC to lease a plant and equipment in Tennessee.  We expect to launch our sales initiative during the Company’s third or fourth quarter of our year end March 31, 2025.

 

Currently management is engaged in developing managed care agreements with southeastern states to manage their Medicaid wound care patients. Regenerex would provide our wound care products and protocols which would result in a large savings for the state Medicaid population. The Company is also in the process of negotiating with several distributors in various Middle Eastern countries to provide the Company's products. The Company has engaged into an agreement as of June 11, 2023, in the amount of $45,000, with First Forte Consultancy in the UAE to assist in meetings and road shows, introducing potential clients for distribution of the companies wound care product. $22,500 was paid June 15, 2023, and the balance of $22,500 is to be paid after the road shows and meetings are completed, in the Company’s third or fourth quarter.

 

Financial Results and Trends

 

Results of Operations for the Six Months Ended September 30, 2024 and 2023

 

At present, the Company has $0 revenue during the six months ended September 30, 2024 and September 30, 2023.  Net loss decreased from $2,987,024 for the six months ended September 30, 2023 to $802,132 for the six months ended September 30, 2024 due to reduction in research and development expenses, lower stock-based compensation, and administration expense, offset by a lesser increase in payroll expenses and interest expense.

 

Liquidity and Capital Resources

 

The Company requires significant cash to launch its business and reduce its payable.  Management’s plans are to actively seek capital to enable the Company to add new products and/or services to ultimately achieve profitability. However, management cannot provide assurance that they can raise sufficient capital and whether the Company will ultimately achieve profitability, become cash flow positive, or raise additional debt and/or equity capital. The Company’s primary sources of liquidity and capital resources have been notes payable, which are not sufficient prospectively.  These factors raise substantial doubt about the Company’s ability to continue as a going concern.  If the Company is unable to raise additional capital in the near future or meet financing requirements, the Company may need to curtail or alter its plan of operations, seek additional capital on less favorable terms, and/or pursue other remedial measures.

 

Cash Flow

 

The following table summarizes, for the periods indicated, selected items in our condensed Statements of Cash Flows:

 

	Six Months Ended
	September 30,
	2024				2023
Net cash (used in) provided by:
Operating activities	$	(181,938	)		$	(293,286	)
Investing activities	$	—			$	(6,299	)
Financing activities	$	181,860			$	304,530

 

Operating Activities

 

Cash used in operating activities was $181,938 and $293,286 for the six months ended September 30, 2024 and 2023, respectively. The decrease in cash used in operating activities was primarily due to a decrease in net loss.

 

Investing Activities

 

Cash used in investing activities was $0 and $6,299 for the six months ended September 30, 2024 and 2023.  The decrease in cash used was due to the reduction in the purchase of furniture and computer equipment.

19

 

Financing Activities

 

Cash provided by financing activities was $181,860 and $304,530 for the six months ended September 30, 2024 and 2023, respectively. The decrease in cash provided by financing activities was primarily due to lower proceeds from sale of common stocks and warrants and fewer additional note payables from related parties.

 

Off-Balance Sheet Arrangements

 

None.

20

 

WHERE YOU CAN FIND MORE INFORMATION

 

You are advised to read this Quarterly Report on Form 10-Q in conjunction with other reports and documents that we file from time to time with the SEC. In particular, please read our Registration Statement on Form 10-12G, Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K, and Current Reports on Form 8-K that we file from time to time. You may obtain copies of these reports directly from us or from the SEC at the SEC’s Public Reference Room at 100 F. Street, N.E. Washington, D.C. 20549, and you may obtain information about obtaining access to the Reference Room by calling the SEC at 1-800-SEC-0330. In addition, the SEC maintains information for electronic filers at its website http://www.sec.gov.

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

We had no material changes in market risk from those described in “Item 2—Quantitative and Qualitative Disclosures about Market Risk” of our Annual Report on Form 10-K.

 

ITEM 4. CONTROLS AND PROCEDURES

 

This report includes the certification of our Chief Executive Officer required by Rule 13a-14 of the Securities Exchange Act of 1934 (the “Exchange Act”). See Exhibits 31.1 and 31.2. This Item 4 includes information concerning the controls and control evaluations revered to in those certifications.

 

Evaluation of Disclosure Controls and Procedures

 

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in the reports we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s (the “SEC”) rules and forms and that such information is accumulated and communicated to our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow for timely decisions regarding required disclosure.

 

Under the supervision and with the participation of management, including the principal executive officer and principal financial officer, the Company conducted an evaluation of the effectiveness of internal control over financial reporting. This assessment was based on the framework in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on this evaluation under the framework in Internal Control – Integrated Framework, management concluded that the Company maintained effective internal control over financial reporting as of September 30, 2024, as such term is defined in Exchange Act Rule 13a-15(f).

 

In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management is required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures. Our disclosure controls and procedures were designed to provide reasonable assurance that the controls and procedures would meet their objectives.

 

As required by SEC Rule 13a-15(b), our Chief Executive Officer and Chief Financial Officer need to carry out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as of the end of the period covered by this report. Based on the foregoing, our Chief Executive Officer concluded that our disclosure controls and procedures were not effective as of September 30, 2024.

 

Management’s Report on Internal Control over Financial Reporting

 

Our Chief Executive Officer and the Chief Financial Officer are responsible for establishing and maintaining adequate internal control over financial reporting and for the assessment of the effectiveness of our internal control over financial reporting. Internal control over financial reporting (as defined in Rules 13a-15(f) and 15d(f) under the Exchange Act) is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external reporting purposes in accordance with U.S. GAAP. Internal control over financial reporting includes those policies and procedures that (a) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of assets, (b) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, (c) provide reasonable assurance that receipts and expenditures are being made only in accordance with appropriate authorization of management and the Board of Directors, and (d) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of assets that could have a material effect on the financial statements.

21

 

We do not employ full time in-house personnel with the technical knowledge to identify and address some of the reporting issues surrounding complex and non-routine transactions.  Management recognized that during the preparation of our Financial Statements, the Company recorded material post close adjustments.  This situation led to delays in the process and evidenced the need to improve the existent control environment including the experience and knowledge of the team.  Management will continue to seek guidance from third-party experts and consultants to gain a thorough understanding of these transactions.

 

Our management will continue to monitor and evaluate the designation, implementation and effectiveness of our internal controls and procedures and our internal controls over financial reporting on an ongoing basis and is committed to taking further action and implement additional enhancements or improvements, as necessary.

 

Inherent Limitations on Internal Controls

 

It should be noted that any system of controls, however well designed and operated, can provide only reasonable and not absolute assurance that the objectives of the control system are met. In addition, the design of any control system is based in part upon certain assumptions about the likelihood of certain events. Limitations inherent in any control system include the following:

 

	●	Judgments in decision-making can be faulty, and control and process breakdowns can occur because of simple errors or mistakes;
	●	Controls can be circumvented by individuals, acting alone or in collusion with others, or by management override;
	●	The design of any system of controls is based in part on certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions;
	●	Over time, controls may become inadequate because of changes in conditions or deterioration in the degree of compliance with associated policies or procedures; and
	●	The design of a control system must reflect the fact that resources are constrained, and the benefits of controls must be considered relative to their costs.

 

Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected.

22

 

PART II

OTHER INFORMATION 

ITEM 1. LEGAL PROCEEDINGS

 

As of September 30, 2024, the Company is not involved in any material litigation.

 

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS SECURITIES

 

During the six months ended September 30, 2024, the Company issued fifty thousand (50,000) shares of common stock with a par value of $0.001 for the price of one ($1) dollar per share for a total of fifty thousand ($50,000) dollars.  One warrant was issued for each share purchased, for a total of fifty thousand (50,000) warrants.  The warrants are exercisable at twenty ($0.20) cents and expire twenty-four (24) months after the date of the purchase agreement.

 

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

 

Not applicable.

 

ITEM 4. MINING SAFETY DISCLOSURES

 

Not applicable.

 

ITEM 5. OTHER INFORMATION

 

There is no information with respect to which information is not otherwise called for by this form.

  

ITEM 6. EXHIBITS

 

Exhibits

 

3.0		Articles of Incorporation.  Incorporated by reference to the Registrant’s Form 10-12G filed on July 28, 2017.
3.1		Amended Articles of Incorporation.  Incorporated by reference to the Registrant’s Form 10-12G filed on July 28, 2017.
3.2		Amended Articles of Incorporation.  Incorporated by reference to the Registrant’s Form 10-12G filed on July 28, 2017.
3.3		Corporate Bylaws.  Incorporated by reference to the Registrant’s Form 10-12G filed on July 28, 2017.
10.1		Advance from Shareholder of Regenerex Pharma, Inc.  Incorporated by reference to the Registrant’s Form 10-12G filed on July 28, 2017.
31.1		Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act
31.2		Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act
32.1		Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act
32.2		Certification of Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act

 

23

 

SIGNATURES

 

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934 the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Registrant	Regenerex Pharma, Inc.
Date: November 04, 2024	By:	/s/ Gregory Pilant
	Gregory Pilant
	Chief Executive Officer

---

---

Exhibit 31.1

 

Certification pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 and pursuant to Rule 13a-14(a) and Rule 15d-14 under the Securities Exchange Act of 1934 for the period ending September 30, 2024

 

I, Gregory Pilant, certify that:

 

1.	I have reviewed this Quarterly Report on Form 10-Q of Regenerex Pharma, 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.	The registrant’s other certifying officer(s) and I are 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 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 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 evaluations: 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 that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.	The registrant’s other certifying officer(s) and I have disclosed, based on our 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.

 

Registrant	Regenerex Pharma, Inc.
Date: November 04, 2024	By:	/s/ Gregory Pilant
	Gregory Pilant
	Chief Executive Officer (Principal Executive Officer)

 

---

---

Exhibit 31.2

 

Certification pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 and pursuant to Rule 13a-14(a) and Rule 15d-14 under the Securities Exchange Act of 1934 for the period ending September 30, 2024

 

I, Deborah Pilant, certify that:

 

1.	I have reviewed this Quarterly Report on Form 10-Q of Regenerex Pharma, 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.	The registrant’s other certifying officer(s) and I are 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 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 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 evaluations: 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 that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.	The registrant’s other certifying officer(s) and I have disclosed, based on our 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.

 

Registrant	Regenerex Pharma, Inc.
Date: November 04, 2024	By:	/s/ Deborah Pilant
	Deborah Pilant
	Chief Financial Officer (Principal Financial Officer)

 

---

---

Exhibit 32.1

CERTIFICATIONS PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

(18 U.S.C. SECTION 1350)

 

In connection with the Quarterly Report of Regenerex Pharma, Inc. (the ‘Company’) on Form 10-Q for the period ending September 30, 2024, as filed with the Securities and Exchange Commission on the date hereof (the ‘Report’), I, Gregory Pilant, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

 

(1)		The Report 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 the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

 

Registrant	Regenerex Pharma, Inc.
Date: November 04, 2024	By:	/s/ Gregory Pilant
	Gregory Pilant
	Chief Executive Officer (Principal Executive Officer)

 

---

---

Exhibit 32.2 

CERTIFICATIONS PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

(18 U.S.C. SECTION 1350)

 

In connection with the Quarterly Report of Regenerex Pharma, Inc. (the ‘Company’) on Form 10-Q for the period ending September 30, 2024, as filed with the Securities and Exchange Commission on the date hereof (the ‘Report’), I, Deborah Pilant, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

 

(1)		The Report 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 the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

 

Registrant	Regenerex Pharma, Inc.
Date: November 04, 2024	By:	/s/ Deborah Pilant
	Deborah Pilant
	Chief Financial Officer (Principal Financial Officer)

 

---

v3.24.3

Cover - shares	6 Months Ended
	Sep. 30, 2024	Nov. 04, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--03-31
Entity File Number	000-53230
Entity Registrant Name	REGENEREX PHARMA, INC.
Entity Central Index Key	0001357878
Entity Tax Identification Number	98-0479983
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	5348 Vegas Drive #177
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89108
City Area Code	(877)
Local Phone Number	761-7479
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		278,435,910

v3.24.3

BALANCE SHEETS (UNAUDITED) - USD ($)	Sep. 30, 2024	Mar. 31, 2024
Current Assets
Cash and equivalents	$ 294	$ 372
Prepaid expenses	1,541	2,540
Total Current Assets	1,835	2,912
Website, net of accumulated amortization of $30,392 and $29,272, as of September 30 and March 31, 2024, respectively	208	1,328
Furniture and computer equipment, net of accumulated depreciation of $2,465 and $1,600, as of September 30 and March 31, 2024,respectively	5,232	6,097
Right of use asset	625,679	756,343
Total Assets	632,954	766,680
Current Liabilities
Accounts payable	154,616	116,760
Related party advances	3,690	3,690
Accrued compensation	705,617	511,847
Other accrued liabilities	126,328	97,251
Current portion of notes payable	2,824,232	2,400,000
Current portion of leases liabilities	166,308	128,264
Total Current Liabilities	4,850,523	3,843,362
Notes payable, net of current portion		184,232
Lease liabilities, net of current portion	539,594	681,798
Total Liabilities	5,390,117	4,828,506
Commitments and Contingencies (Note 7)
Stockholders’ Deficit
Common stock: $0.001 par value; 675,000,000 shares authorized; 278,435,910 and 278,225,910 issued and outstanding as September 30, 2024 and March 31, 2024, respectively	278,436	278,226
Additional paid-in capital	1,382,383	1,275,798
Accumulated deficit	(6,417,982)	(5,615,850)
Total Stockholders’ Deficit	(4,757,163)	(4,061,826)
Total Liabilities and Stockholders’ Deficit	632,954	766,680
Shareholder [Member]
Current Liabilities
Current portion of notes payable	621,756	475,050
Notes payable, net of current portion		119,114
Other Affiliates [Member]
Current Liabilities
Current portion of notes payable	$ 247,976	$ 110,500

v3.24.3

BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($)	Sep. 30, 2024	Mar. 31, 2024
Statement of Financial Position [Abstract]
Finite-Lived Intangible Assets, Accumulated Amortization	$ 30,392	$ 29,272
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 2,465	$ 1,600
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	675,000,000	675,000,000
Common Stock, Shares, Issued	278,435,910	278,225,910
Common Stock, Shares, Outstanding	278,435,910	278,225,910

v3.24.3

STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Operating Expenses
General and administrative	$ 258,384	$ 385,923	$ 512,664	$ 546,097
Research and development		2,400,000		2,400,000
Total Operating Expenses	258,384	2,785,923	512,664	2,946,097
Operating Loss	(258,384)	(2,785,923)	(512,664)	(2,946,097)
Other Income (Expense)
Interest expense	(266,157)	(19,801)	(288,490)	(38,307)
Foreign currency gain (loss)	(5,031)	4,275	(978)	(2,620)
Total Other Income (Expense)	(271,188)	(15,526)	(289,468)	(40,927)
Net Loss	$ (529,572)	$ (2,801,449)	$ (802,132)	$ (2,987,024)
Basic and Diluted Loss per Common Share	$ (0.00)	$ (0.01)	$ (0.00)	$ (0.01)
Weighted Average Number of Common Shares Outstanding	278,281,562	277,516,358	278,254,052	277,337,306

v3.24.3

STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash Flows from Operating Activities:
Net loss	$ (802,132)	$ (2,987,024)
Adjustments to reconcile net loss to cash flows used in operating activities:
Depreciation and amortization	1,985	1,975
Stock-based compensation	56,795	133,388
Non-cash research and development expenses		2,400,000
Non-cash extension fee to Greenwich Resources	240,000
Amortization of ROU assets, net of liabilities	26,504	22,880
Foreign currency adjustments	978	2,620
Changes in operating assets and liabilities:
Prepaid expenses	999	(13,250)
Accounts payable	70,086	92,993
Accrued compensation	193,770	96,885
Other accrued liabilities	29,077	(43,753)
Net cash used in operating activities	(181,938)	(293,286)
Cash Flows from Investing Activities:
Purchase of furniture and computer equipment		(6,299)
Net cash used in investing activities		(6,299)
Cash Flows from Financing Activities:
Related party advances, net		2,437
Repayment of notes payable to related parties		(34,000)
Repayment of notes payable to shareholder		(10,000)
Proceeds from notes payable to related parties	131,860
Proceeds from notes payable to shareholder		2,843
Proceeds from sale of common stock and warrants	50,000	343,250
Net cash provided by financing activities	181,860	304,530
Increase (Decrease) in cash and equivalents	(78)	4,945
Cash and cash equivalents, beginning of period	372	1,135
Cash and cash equivalents, end of period	294	6,080
Supplemental Cash Flow Information – Cash Paid For:
Income Taxes
Interest
Non-Cash Investing and Financing Activities:
Accrued interest converted into notes payable to shareholder	26,622	25,649
Accrued interest converted into notes payable to related parties	5,616	52,545
Operating leases, ROU asset and liabilities		953,535
Note payable issued for acquisition of intellectual property		2,400,000
Note payable for interest expense	$ 240,000

v3.24.3

STATEMENTS OF STOCKHOLDERS' DEFICIT (UNAUDITED) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Mar. 31, 2023	$ 277,113	$ 671,963	$ (2,072,023)	$ (1,122,947)
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 31, 2023	277,112,660
Shares and warrants sold for cash	190	189,810		190,000
Stock-based compensation	$ 30	$ 34,524		$ 34,554
Stock Issued During Period, Shares, Issued for Services				30,000
Net loss			(185,575)	$ (185,575)
Ending balance, value at Jun. 30, 2023	$ 277,333	896,297	(2,257,598)	(1,083,968)
Common Stock, Shares, Outstanding, Ending Balance at Jun. 30, 2023	277,332,660
Beginning balance, value at Mar. 31, 2023	$ 277,113	671,963	(2,072,023)	(1,122,947)
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 31, 2023	277,112,660
Net loss				(2,987,024)
Ending balance, value at Sep. 30, 2023	$ 277,916	1,147,798	(5,059,047)	(3,633,333)
Common Stock, Shares, Outstanding, Ending Balance at Sep. 30, 2023	277,915,910
Beginning balance, value at Jun. 30, 2023	$ 277,333	$ 896,297	$ (2,257,598)	$ (1,083,968)
Common Stock, Shares, Outstanding, Beginning Balance at Jun. 30, 2023	277,332,660
Shares and warrants sold for cash	153	153,097		153,250
Stock-based compensation	$ 430	$ 98,404		$ 98,834
Stock Issued During Period, Shares, Issued for Services				430,000
Net loss			(2,801,449)	$ (2,801,449)
Ending balance, value at Sep. 30, 2023	$ 277,916	1,147,798	(5,059,047)	(3,633,333)
Common Stock, Shares, Outstanding, Ending Balance at Sep. 30, 2023	277,915,910
Beginning balance, value at Mar. 31, 2024	$ 278,226	1,275,798	(5,615,850)	$ (4,061,826)
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 31, 2024	278,225,910			278,225,910
Stock-based compensation	$ 30	20,967		$ 20,997
Stock Issued During Period, Shares, Issued for Services				30,000
Net loss			(272,560)	$ (272,560)
Ending balance, value at Jun. 30, 2024	$ 278,256	1,296,765	(5,888,410)	(4,313,389)
Common Stock, Shares, Outstanding, Ending Balance at Jun. 30, 2024	278,255,910
Beginning balance, value at Mar. 31, 2024	$ 278,226	1,275,798	(5,615,850)	$ (4,061,826)
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 31, 2024	278,225,910			278,225,910
Net loss				$ (802,132)
Ending balance, value at Sep. 30, 2024	$ 278,436	1,382,383	(6,417,982)	$ (4,757,163)
Common Stock, Shares, Outstanding, Ending Balance at Sep. 30, 2024	278,435,910			278,435,910
Beginning balance, value at Jun. 30, 2024	$ 278,256	1,296,765	(5,888,410)	$ (4,313,389)
Common Stock, Shares, Outstanding, Beginning Balance at Jun. 30, 2024	278,255,910
Shares and warrants sold for cash				50,000
Stock-based compensation	$ 130	35,668		$ 35,798
Stock Issued During Period, Shares, Issued for Services				130,000
Net loss			(529,572)	$ (529,572)
Shares and warrants sold for cash	50	49,950		50,000
Ending balance, value at Sep. 30, 2024	$ 278,436	$ 1,382,383	$ (6,417,982)	$ (4,757,163)
Common Stock, Shares, Outstanding, Ending Balance at Sep. 30, 2024	278,435,910			278,435,910

v3.24.3

NATURE OF OPERATIONS	6 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	NOTE 1 – NATURE OF OPERATIONS   Regenerex Pharma, Inc., formerly Peptide Technologies, Inc. (the “Company” or “Regenerex”), was incorporated in the State of Nevada, United States of America, on November 18, 2005.   On November 15, 2021, the Company entered into an Asset Purchase Agreement in which the Company purchased certain intellectual property in exchange for 150,000,000 shares of the Company’s common stock and up to $10,000,000 in contingent consideration to be paid at the rate of 15% of all gross revenues received from sales or investment money into the Company, payable on the 15th of the following month, for a period of 60 months.  On August 17, 2023, the Company entered into an Agreement to Purchase Technology Platforms in which the Company purchased certain intellectual property in exchange for an interest-free two million four hundred thousand dollars ($2,400,000) note payable that was due August 17, 2024.   Since the Company has not raised a minimum of ten million dollars ($10,000,000) in sales within the twelve (12) month period, or raised a minimum of ten million dollars ($10,000,000) in investment, the seller extended the payments for a further period of twelve (12) months for a 10% payment of the outstanding balance.  An interest-free note payable was issued for $240,000 and is due August 17, 2025.   The Company received all rights and title to proprietary wound healing technologies platforms and formulas involving the application of wound care protocols to treat all wounds, such as diabetic ulcers, pressure ulcers, burns and surgical wounds.  These unique products strategically position the Company to enter the wound treatment market in the U.S.   Risks and Uncertainties   Our business and our forward-looking statements involve substantial known and unknown risks and uncertainties, including the risks and uncertainties inherent in our statements regarding the impacts of COVID-19, or other future pandemics on our business, results of operations, financial position, and cash flows.   The Company has a lack of revenue history and has had a limited history of operations.  No revenue has historically been derived from the assets purchased.  Regenerex can give no assurance of success or profitability to the Company’s investors. The wound care healing space is well suited for Home Care service providers that are funded by the US Government. Strategic planning and development will be performed internally by the Company.

v3.24.3

BASIS OF PRESENTATION OF INTERIM FINANCIAL STATEMENTS	6 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
BASIS OF PRESENTATION OF INTERIM FINANCIAL STATEMENTS	NOTE 2 – BASIS OF PRESENTATION OF INTERIM FINANCIAL STATEMENTS   The Company prepares its financial statements in accordance with accounting principles generally accepted in the United States of America. The accompanying interim unaudited financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X. In our opinion, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included.   Operating results for the three and six months ended September 30, 2024, are not necessarily indicative of the results that may be expected for the year ending March 31, 2025.  Notes to the unaudited interim financial statements that would substantially duplicate the disclosures contained in the audited financial statements for the year ended March 31, 2024, have been omitted. This report should be read in conjunction with the audited financial statements and the footnotes thereto for the fiscal year ended March 31, 2024, included within the Company’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission.

v3.24.3

GOING CONCERN	6 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 3 – GOING CONCERN    These financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”), which contemplate the continuation of the Company as a going concern. The Company has incurred losses from operations, and as of September 30, 2024, it had excess liabilities over assets of $4,757,163.  These factors raise substantial doubt about the Company’s ability to continue as a going concern.   The Company requires significant cash to launch its business and reduce its payable.  Management’s plans are to actively seek capital to enable the Company to add new products and/or services to ultimately achieve profitability. However, management cannot provide assurance that they can raise sufficient capital and whether the Company will ultimately achieve profitability, become cash flow positive, or raise additional debt and/or equity capital.  If the Company is unable to raise additional capital in the near future or meet financing requirements, management expects that the Company will need to curtail operations, seek additional capital on less favorable terms, and/or pursue other remedial measures.   These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company become unable to continue as a going concern.

v3.24.3

SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 4 –SIGNIFICANT ACCOUNTING POLICIES   Revenue Recognition   The Company will record revenue under ASC 606 by 1) identifying the contract with the customer 2) identifying the performance obligations in the contract 3) determining the transaction price, 4) allocating the transaction price to the required performance obligations in the contract, and 5) recognizing revenue when or as the companies satisfies a performance obligation.   We expect to generate revenue from home care service providers that are funded by the U.S. Government, State Medicaid Programs, International Health Care Programs, Veteran’s administration, Prison system, Home Health Care Providers, and other applicable Medicare reimbursement models.  The Company will defer revenue where the earnings process is not yet complete.  To date, no revenue has been generated from the asset acquisition disclosed in Note 1.   Earnings per Share   Earnings per share is reported in accordance with FASB ASC Topic 260 “Earnings per Share” which requires dual presentation of basic earnings per share (“EPS”) and diluted EPS on the face of all statements of earnings, for all entities with complex capital structures. Diluted EPS reflects the potential dilution that could occur from common shares issuable through the exercise or conversion of stock options, restricted stock awards, warrants and convertible securities. In certain circumstances, the conversion of these options, warrants and convertible securities are excluded from diluted EPS if the effect of such inclusion would be anti-dilutive. Fully diluted EPS is not provided, when the effect is anti-dilutive. When the effect of dilution on loss per share is anti-dilutive, diluted loss per share equals the loss per share.   During the six months ended September 30, 2024, the Company excluded the outstanding stock warrants from its calculation of earnings per share, as the warrants would be anti-dilutive. As at September 30, 2024 and 2023, the Company had common shares warrants outstanding of 2,910,250 and 2,306,250, respectively.   Website   Expenditures related to the planning and operation of the Company’s website are expensed as incurred. Expenditures related to the website application and infrastructure development are capitalized and amortized over the website’s estimated useful life of three (3) years. Amortization expense for the three and six months ended September 30, 2024 and 2023 was $405 and $723 and $1,120 and $1,437, respectively.   Furniture and Computer Equipment   Furniture and computer equipment are stated at cost, less accumulated depreciation.  Depreciation is computed using the straight-line method over the estimated useful life of three (3) to five (5) years.  Depreciation expense for the three and six months ended September 30, 2024 and 2023 was $430 and $422 and $865 and $538, respectively.  Significant betterments are capitalized while purchases under $500 are expensed as incurred.   Right of Use Assets and Lease Liabilities   The Company has active operating lease arrangements for office space, production equipment, and production facilities.  The Company is required to make fixed minimum rent payments relating to its right to use the underlying leased asset.  In accordance with the adoption of ASC 842, the Company recorded right-of-use assets and related lease liabilities for these leases as of September 2024.   The Company’s lease agreements do not provide an implicit borrowing rate.  Therefore, the Company used a benchmark approach to derive an incremental borrowing rate of 10% to discount each of its lease liabilities based on the remining lease term.   Stock-Based Compensation   The Company recognizes the cost of share-based payment awards on a straight-line attribution basis over the requisite employee service period and over the non-employee’s period of providing goods or services, net of estimated forfeitures.   Determining the fair value of share-based awards at the measurement date requires judgment, including estimating the expected term that stock options will be outstanding prior to exercise and the associated volatility. The Company estimates the fair value of options granted using the Black-Scholes valuation model. The expected life of the options used in this calculation is the period of time the options are expected to be outstanding. Expected stock price volatility is based on the historical volatility of comparable public companies’ common stock for a period approximating the expected life, and the risk-free interest rate is based on the implied yield available on US Treasury zero-coupon issues approximating the expected life. Judgment is also required in estimating the number of share-based awards that will be forfeited prior to vesting.   The fair value of restricted stock awards is based on the fair value of the Company’s common stock on the date of the grant.   Research and Development   We incur research and development costs during the process of researching and developing additional technologies purchased and future manufacturing processes.  Our research and development costs consist primarily of the purchase of additional intellectual property that we will use in the development of our planned product.  We expense these costs as incurred until the resulting product has been completed, tested, and made ready for commercial use.   Recent Accounting Pronouncements   The Financial Accounting Standards Board issued Accounting Standards Updates (“ASU”) to amend the authoritative literature in the Accounting Standards Codification (“ASC”). There have been a number of ASUs to date that amend the original text of the ASC. The Company believes those updates issued-to-date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to the Company, or (iv) are not expected to have a significant impact on the Company.

v3.24.3

RELATED PARTY TRANSACTIONS	6 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 5 – RELATED PARTY TRANSACTIONS   The Company purchased assets from the Company’s current Chief Executive Officer (“CEO”) and Secretary/Treasurer (see note 6).   On June 10, 2023, the Company, has entered into an agreement with Woundcare Labs, LLC., a party related to the CFO and CEO of the Company, to lease a plant and to lease equipment in Tennessee (see note 8).   Related Party Advances   The Company’s former Chief Financial Officer (“CFO”) had advanced the Company monies for operating expenses; no amounts were advanced during the periods presented.  The advances were due on demand, but no later than June 30, 2023.  The related party advances began to accrue interest at ten (10) percent per annum on July 1, 2019.  During the six months ended September 30, 2023, this note was transferred to a relative of the former CFO and was renewed upon maturity in the principal amount of $131,687 plus interest accrued as at June 30, 2023 in the amount of $52,545.  Interest expense was $9,237 and $3,285 during the six-month periods ended September 30, 2024 and 2023, respectively.  This transaction is no longer considered related party in nature, and thus is included in notes payable in the accompanying balance sheet.   During the six-month period ended September 30, 2024 and 2023, the Company’s Chief Financial Officer (“CFO”) and the Company’s Chief Executive Officer (“CEO”) advanced the Company monies for operating expenses in the net amount of $0 and $2,437, respectively.   The related party advances totaled $3,690 as of September 30, 2024 and March 31, 2024.   Notes Payable to Related Parties   During the six-month period ended September 30, 2024 and 2023, the Company’s CFO and the Company’s CEO advanced the Company monies for operating expenses in the amount of $131,860 and $0, respectively.  Repayment during the six-month period ended September 30, 2024 and September 30, 2023 was $0 and $34,000, respectively.  The notes are unsecured and accrue interest at ten (10) percent per annum.  Repayment is due no later than six months after the date of issue and range from November 20, 2024 to March 10, 2025.   During the six-months ended September 30, 2024, four notes with principal amount of $110,500 that came due during the period was reissued in the amount of $116,116 which included the principal amount plus accrued interest of $5,616.  This note is unsecured and bears interest at ten (10) percent per annum with principal and interest due March 5, 2025.   The related party notes payable totaled $247,976 and $110,500 as at September 30, 2024 and March 31, 2024.  Interest expenses were $9,101 and $1,630 during the six-month periods ended September 30, 2024 and 2023, respectively, which is included in other accrued liabilities.at September 30, 2024 and March 31, 2024, respectively.   Note Payable to Shareholder   As at September 30, 2024 and March 31, 2024, the Company had various promissory notes with total outstanding principal balances of $621,756 and $594,164, respectively, due to a shareholder of the Company.  These notes are unsecured, bear interest at 10% per annum, and have maturity dates ranging from October 11, 2024 to June 17, 2025.   During the six-months ended September 30, 2024, sixteen notes with principal amounts totaling approximately $172,396 ($237,244 Canadian Funds) that came due during the period were reissued in the total principal amount $186,605 ($256,139 Canadian Funds) which included the principal amount plus accrued interest of $14,209 ($18,895 Canadian Funds.)  During the six-months ended September 30, 2024, an additional seven notes with principal amounts totaling $143,556 that came due during the period were reissued in the total principal amount of $155,969 which included the principal amount plus accrued interest of $12,413.  These notes are unsecured and bear interest at ten (10) percent per annum with principal and interest due twelve (12) months after the date of issue.   Interest expenses were $30,152 and $28,715 during the six-month periods ended September 30, 2024 and 2023, respectively, which is included in other accrued liabilities at September 30, 2024 and March 31, 2024, respectively.

v3.24.3

INTANGIBLE ASSETS AND INTELLECTUAL PROPERTY	6 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS AND INTELLECTUAL PROPERTY	NOTE 6 – INTANGIBLE ASSETS AND INTELLECTUAL PROPERTY   On November 15, 2021, the Company entered into an Related Party Asset Purchase Agreement in which the Company purchased certain intellectual property in exchange for 150,000,000 shares of the Company’s common stock and up to $10,000,000 in contingent consideration to be paid at the rate of 15% of all gross revenues received from sales or investment money into the Company, payable on the 15th of the following month, for a period of 60 months. The Company received all rights and title to proprietary wound healing technologies platforms and formulas involving the application of wound care protocols to treat all wounds, such as diabetic ulcers, pressure ulcers, burns and surgical wounds. These unique products strategically position the Company to enter and capture a high proportionate market share in the U.S.   On August 17, 2023, the Company entered into an Agreement to Purchase Technology Platforms in which the Company purchased certain intellectual property in exchange for a two million four hundred thousand dollars ($2,400,000) note payable.  The intellectual property that was purchased requires further development prior to the product being finalized and produced so it has been expensed as research and development.   The note payable was due within twelve (12) months of the date of the agreement and is included in current liabilities.  As  the Company did not raise a minimum of ten million dollars ($10,000,000) in sales within twelve (12) months of the agreement date, or a maximum of ten million dollars ($10,000,000) in investment, the seller extended the payment for a further period of twelve (12) months for a 10% payment of the outstanding balance which is included in current liabilities.   The Technology Platforms include but are not limited to:     A. Proteomic research platforms which include proprietary blends.   B. Combination design Techniques   C. Patent Pending Proprietary Blends   D. Patent Pending Formulas   E. Trademarks and all pending Trademarks   F. 510K USA FDA, information, and Know-how for application   G. All Clinical trials, (Right to use)   H. CE mark (International)   I. Regenerex Library formula incorporated in the Wound Healing Technology.   J. Wound Healing Technology QBX   K. Synthetic Compositions of Cations derived from botanical material in the ash of Red- Oak Bark.   Products:   1. Xcellderma over the counter product.   2. Accelerex, combination product as a drug device.   3. Accelerex in a tube.

v3.24.3

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 7 – COMMITMENTS AND CONTINGENCIES   The Company is not currently involved with and does not have knowledge of any pending or threatened litigation against the Company or any of its officers.   See Note 6 for discussion of the $10,000,000 in contingent consideration to be paid in connection with the November 15, 2021 Related Party Asset Purchase Agreement. Payments made to the Company’s CEO and CFO in connection with the Asset Purchase Agreement are $43,500 as at September 30, 2024 and March 31, 2024.  The outstanding liability of $22,988 and $15,488 as at September 30, 2024 and March 31, 2024 respectively is included in other accrued liabilities.

v3.24.3

OPERATING LEASES	6 Months Ended
	Sep. 30, 2024
Operating Leases
OPERATING LEASES	NOTE 8 – OPERATING LEASES   On April 1, 2023, the Company entered into an office lease agreement commencing in May 2023 which expires on April 30, 2028.  Under this agreement, the monthly rental payments are $1,650 throughout the term of the lease.  On September 6, 2024, the lease agreement was amended to expire November 1, 2024.  The Company is required to pay for all utilities used on the premises and has paid a security deposit of $800 which was refunded August 30, 2024.  As a result of the lease modification, the right of use assets and liabilities were remeasured as of the date of modification, resulting in the reduction in the ROU assets and liabilities of $59,919, with no material impact on the statement of operations.   On June 10, 2023, the Company entered into a plant facility lease agreement with a related party commencing June 9, 2023 which expires on June 30, 2028.  Under this agreement, the monthly rental payments are $18,000 throughout the term of the lease excepting the month of June 2023 the rent is $7,920, To commence with production, the plant needs to prepare for FDA inspection which will include inspection of the facility, equipment, and the Company’s procedures.  We expect to launch production during the Company’s third or fourth quarter and will notify the FDA to come into the plant for the inspection at that time.  The Company is able to start production while the plant waits for the FDA Inspection.  Until the certification is complete, the monthly rent is reduced by forty (40%) percent to $10,800. Under this agreement, the Company is also leasing the equipment in the plant facility through five (5) annual rent payments of $10,000, which are due on the 15thday of  each June from June 2023 to June 2027.   During the six-month periods ended September 30, 2024 and September 30, 2023 the operating lease cost was $111,704 and $81,451, respectively and is included in general and administrative expenses in the accompanying financial statements.

v3.24.3

STOCKHOLDERS’ DEFICIT	6 Months Ended
	Sep. 30, 2024
Equity [Abstract]
STOCKHOLDERS’ DEFICIT	NOTE 9 – STOCKHOLDERS’ DEFICIT   The Company has authorized the issuance of 675,000,000 shares of common stock with a par value of $0.001 per share.   During the six months ended September 30, 2024 and 2023, the Compay issued and 160,000 and 460,000 shares, respectively, to board members and consultants for services rendered.  Total stock-based compensation expense was $28,800 and $82,800 during the six months ended September 30, 2024 and 2023, respectively, in connection with these issuances based on the fair value of the stock on the respective grant dates.   During the six months ended September 30, 2024 and 2023, the Company issued 252,000 and 590,000 warrants to board members and consultants for services rendered with a total grant date fair value of $24,959 and $59,691, respectively,  Total stock-based compensation expense of $27,995 and $50,588 was recorded in connection with these awards during the six months ended September 30, 2024 and 2023, respectively.  The warrants are fully vested and contain an exercise price of $0.33 per share and expire on dates ranging from July 1, 2029 to July 1, 2030.   The warrant fair values were estimated using a Black Scholes model with a 5-year expected term, risk-free interest rate ranging from 3.58% to 5.19%, a dividend yield of 0%, and an annualized standard deviation of stock price volatility of 80.0%.  The risk-free interest rate assumptions for options granted is based upon observed interest rates on the United States government securities appropriate for the expected term of the equity awards.   As of the date of this valuation, the Companies stock was not trading.  The volatility was calculated based on comparable public companies.  The Company will continue to monitor peer companies and other relevant factors used to measure expected volatility for future equipment award grants, until such time that the Company’s Common Stock has enough market history to use historical volatility.   The dividend yield assumption for equity awards granted is based on Company’s history and expectation of dividend payouts.  The Company has never declared or paid any cash dividends on its Common Stock, and the Company does not anticipate paying any cash dividends in the foreseeable future.   The closing stock price of the Company’s common stock is not available as the Company’s stock is not trading. As a result, the Board of Directors and management determined the fair value of the common stock to be $0.18 per share based upon an allocation of the recent cash price paid for common stock and warrants during the six months ended September 30, 2024.   During the six-month period ended September 30, 2024 and 2023, the Company issued 50,000 and 343,250 shares of common stock with a par value of $0.001 for the price of one ($1) dollar per share for a total of for a total of $50,000 and $343,250, respectively.  One warrant was issued for each share purchased during the six-month period ended September 30, 2024 for a total of 50,000 warrants. Five warrants were issued for each share purchased during the six-month period ended September 30, 2023, for a total of 1,716,250 warrants.  The warrants are exercisable at twenty ($0.20) cents and expire from April 2025 through August 2026.   As of September 30, 2024, 2,910,250 warrants had been issued and vested.  None of the warrants have been exercised.

v3.24.3

NOTE 8 – SUBSEQUENT EVENTS	6 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
NOTE 8 – SUBSEQUENT EVENTS	NOTE 8 – SUBSEQUENT EVENTS   Subsequent to the six-month period ended September 30, 2024, four additional notes to a shareholder that were originally due in October and November 2024 with a principal amount of $94,672 were reissued in the principal amount of $99,405 which included the original principal amount of $94,672 plus interest accrued in the amount of $4,733. Repayment of the notes are due within six (6) months of the date of renewal.   Subsequent to the six-month period ended September 30, 2024 two additional notes to a shareholder that was originally due October and November 3, 2024 with a principal amount of approximately $23,000 US Funds ($31,320 Canadian funds) was reissued in the principal amount of approximately $26,000 US Funds ($35,316 Canadian Funds) which included the original principal amount of approximately $23,000 US Funds ($31,320 Canadian funds) plus interest accrued in the amount of approximately $3,000 US Funds ($3,996 Canadian Funds).  Repayment of the note is due within six (6) months of the date of renewal.

v3.24.3

SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Revenue Recognition	Revenue Recognition   The Company will record revenue under ASC 606 by 1) identifying the contract with the customer 2) identifying the performance obligations in the contract 3) determining the transaction price, 4) allocating the transaction price to the required performance obligations in the contract, and 5) recognizing revenue when or as the companies satisfies a performance obligation.   We expect to generate revenue from home care service providers that are funded by the U.S. Government, State Medicaid Programs, International Health Care Programs, Veteran’s administration, Prison system, Home Health Care Providers, and other applicable Medicare reimbursement models.  The Company will defer revenue where the earnings process is not yet complete.  To date, no revenue has been generated from the asset acquisition disclosed in Note 1.
Earnings per Share	Earnings per Share   Earnings per share is reported in accordance with FASB ASC Topic 260 “Earnings per Share” which requires dual presentation of basic earnings per share (“EPS”) and diluted EPS on the face of all statements of earnings, for all entities with complex capital structures. Diluted EPS reflects the potential dilution that could occur from common shares issuable through the exercise or conversion of stock options, restricted stock awards, warrants and convertible securities. In certain circumstances, the conversion of these options, warrants and convertible securities are excluded from diluted EPS if the effect of such inclusion would be anti-dilutive. Fully diluted EPS is not provided, when the effect is anti-dilutive. When the effect of dilution on loss per share is anti-dilutive, diluted loss per share equals the loss per share.   During the six months ended September 30, 2024, the Company excluded the outstanding stock warrants from its calculation of earnings per share, as the warrants would be anti-dilutive. As at September 30, 2024 and 2023, the Company had common shares warrants outstanding of 2,910,250 and 2,306,250, respectively.
Website	Website   Expenditures related to the planning and operation of the Company’s website are expensed as incurred. Expenditures related to the website application and infrastructure development are capitalized and amortized over the website’s estimated useful life of three (3) years. Amortization expense for the three and six months ended September 30, 2024 and 2023 was $405 and $723 and $1,120 and $1,437, respectively.
Furniture and Computer Equipment	Furniture and Computer Equipment   Furniture and computer equipment are stated at cost, less accumulated depreciation.  Depreciation is computed using the straight-line method over the estimated useful life of three (3) to five (5) years.  Depreciation expense for the three and six months ended September 30, 2024 and 2023 was $430 and $422 and $865 and $538, respectively.  Significant betterments are capitalized while purchases under $500 are expensed as incurred.
Right of Use Assets and Lease Liabilities	Right of Use Assets and Lease Liabilities   The Company has active operating lease arrangements for office space, production equipment, and production facilities.  The Company is required to make fixed minimum rent payments relating to its right to use the underlying leased asset.  In accordance with the adoption of ASC 842, the Company recorded right-of-use assets and related lease liabilities for these leases as of September 2024.   The Company’s lease agreements do not provide an implicit borrowing rate.  Therefore, the Company used a benchmark approach to derive an incremental borrowing rate of 10% to discount each of its lease liabilities based on the remining lease term.
Stock-Based Compensation	Stock-Based Compensation   The Company recognizes the cost of share-based payment awards on a straight-line attribution basis over the requisite employee service period and over the non-employee’s period of providing goods or services, net of estimated forfeitures.   Determining the fair value of share-based awards at the measurement date requires judgment, including estimating the expected term that stock options will be outstanding prior to exercise and the associated volatility. The Company estimates the fair value of options granted using the Black-Scholes valuation model. The expected life of the options used in this calculation is the period of time the options are expected to be outstanding. Expected stock price volatility is based on the historical volatility of comparable public companies’ common stock for a period approximating the expected life, and the risk-free interest rate is based on the implied yield available on US Treasury zero-coupon issues approximating the expected life. Judgment is also required in estimating the number of share-based awards that will be forfeited prior to vesting.   The fair value of restricted stock awards is based on the fair value of the Company’s common stock on the date of the grant.
Research and Development	Research and Development   We incur research and development costs during the process of researching and developing additional technologies purchased and future manufacturing processes.  Our research and development costs consist primarily of the purchase of additional intellectual property that we will use in the development of our planned product.  We expense these costs as incurred until the resulting product has been completed, tested, and made ready for commercial use.
Recent Accounting Pronouncements	Recent Accounting Pronouncements   The Financial Accounting Standards Board issued Accounting Standards Updates (“ASU”) to amend the authoritative literature in the Accounting Standards Codification (“ASC”). There have been a number of ASUs to date that amend the original text of the ASC. The Company believes those updates issued-to-date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to the Company, or (iv) are not expected to have a significant impact on the Company.

v3.24.3

NATURE OF OPERATIONS (Details Narrative) - USD ($)	6 Months Ended
	Sep. 30, 2024	Nov. 15, 2021
Entity Incorporation, Date of Incorporation	Nov. 18, 2005
Asset Acquisition, Contingent Consideration, Liability		$ 10,000,000
Purchase Intellectual Property [Member]
Shares, Issued		150,000,000

v3.24.3

GOING CONCERN (Details Narrative) - USD ($)	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Equity, Attributable to Parent	$ 4,757,163	$ 4,313,389	$ 4,061,826	$ 3,633,333	$ 1,083,968	$ 1,122,947

v3.24.3

SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Property, Plant and Equipment [Line Items]
Class of Warrant or Right, Outstanding	2,910,250	2,306,250	2,910,250	2,306,250
Finite-Lived Intangible Asset, Useful Life	3 years		3 years
Amortization of Intangible Assets	$ 405	$ 723	$ 1,120	$ 1,437
Other Depreciation and Amortization	$ 430	$ 422	$ 865	$ 538
Lessee, Finance Lease, Discount Rate	10.00%		10.00%
Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years		3 years
Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years		5 years

v3.24.3

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Mar. 31, 2024
Related Party Transaction [Line Items]
Related Party Transaction, Rate			10.00%
[custom:RelatedPartyAdvances-0]	$ 3,690		$ 3,690		$ 3,690
Interest Expense, Operating and Nonoperating	266,157	$ 19,801	288,490	$ 38,307
[custom:NotesPayableRelatedParties-0]	247,976		247,976
[custom:NotesPayableToRelatedPartiesNetOfCurrentPortion-0]					110,500
Interest Expense, Debt			9,101	1,630
Accrued Liabilities, Current	126,328		126,328		97,251
Aggregate Interest Expense [Member]
Related Party Transaction [Line Items]
Accrued Liabilities, Current	30,152	28,715	$ 30,152	28,715
Reissued Notes 2 [Member]
Related Party Transaction [Line Items]
Debt Instrument, Interest Rate During Period			1000.00%
Notes Payable	110,500		$ 110,500
Long-Term Debt, Gross	116,116		116,116
Interest Payable, Current	5,616		$ 5,616
Debt Instrument, Maturity Date			Mar. 05, 2025
Sixteen Notes [Member]
Related Party Transaction [Line Items]
Notes Payable	172,396		$ 172,396
Long-Term Debt, Gross	186,605		186,605
Interest Payable, Current	14,209		$ 14,209
Seven Notes [Member]
Related Party Transaction [Line Items]
Debt Instrument, Interest Rate During Period			10.00%
Notes Payable	143,556		$ 143,556
Long-Term Debt, Gross	155,969		155,969
Interest Payable, Current	12,413		$ 12,413
Debt Instrument, Maturity Date, Description			due twelve (12) months after the date of issue
Chief Financial Officer [Member]
Related Party Transaction [Line Items]
Notes and Loans Payable	131,687		$ 131,687
[custom:RelatedPartyAdvances-0]	52,545		52,545
Affiliates [Member]
Related Party Transaction [Line Items]
Interest Expense, Operating and Nonoperating			9,237	3,285
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
[custom:RelatedPartyAdvances-0]	0	2,437	0	2,437
Chief Executive Officer And Chief Financial Officer [Member]
Related Party Transaction [Line Items]
Notes and Loans Payable	131,860	$ 0	131,860	0
Proceeds from (Repayments of) Notes Payable			$ 0	$ 34,000
Debt Instrument, Interest Rate During Period			10.00%
Debt Instrument, Maturity Date Range, Start			Nov. 20, 2024
Debt Instrument, Maturity Date Range, End			Mar. 10, 2025
Due To A Shareholder 1 [Member]
Related Party Transaction [Line Items]
Notes and Loans Payable	$ 621,756		$ 621,756		$ 594,164
Debt Instrument, Interest Rate During Period			10.00%
Debt Instrument, Maturity Date Range, Start			Oct. 11, 2024
Debt Instrument, Maturity Date Range, End			Jun. 17, 2025

v3.24.3

INTANGIBLE ASSETS AND INTELLECTUAL PROPERTY (Details Narrative)	1 Months Ended
	Nov. 15, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Business Combination, Contingent Consideration Arrangements, Description	up to $10,000,000 in contingent consideration to be paid at the rate of 15% of all gross revenues received from sales or investment money into the Company, payable on the 15th of the following month, for a period of 60 months

v3.24.3

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Mar. 31, 2024	Nov. 15, 2021
Assets Sold under Agreements to Repurchase [Line Items]
Asset Acquisition, Contingent Consideration, Liability						$ 10,000,000
General and Administrative Expense	$ 258,384	$ 385,923	$ 512,664	$ 546,097
Accrued Liabilities, Current	126,328		126,328		$ 97,251
Asset Purchase Agreement Liability [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Accrued Liabilities, Current	$ 22,988		22,988		15,488
Chief Executive Officer And Chief Financial Officer [Member]
Assets Sold under Agreements to Repurchase [Line Items]
General and Administrative Expense			$ 43,500		$ 43,500

v3.24.3

OPERATING LEASES (Details Narrative) - USD ($)	6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Mar. 31, 2024
Lessee, Lease, Description [Line Items]
Operating Lease, Expense	$ 1,650
Prepaid Expense, Current	$ 1,541		$ 2,540
Lessee, Operating Lease, Description	On June 10, 2023, the Company entered into a plant facility lease agreement with a related party commencing June 9, 2023 which expires on June 30, 2028.  Under this agreement, the monthly rental payments are $18,000 throughout the term of the lease excepting the month of June 2023 the rent is $7,920, To commence with production, the plant needs to prepare for FDA inspection which will include inspection of the facility, equipment, and the Company’s procedures.  We expect to launch production during the Company’s third or fourth quarter and will notify the FDA to come into the plant for the inspection at that time.  The Company is able to start production while the plant waits for the FDA Inspection.  Until the certification is complete, the monthly rent is reduced by forty (40%) percent to $10,800. Under this agreement, the Company is also leasing the equipment in the plant facility through five (5) annual rent payments of $10,000, which are due on the 15thday of  each June from June 2023 to June 2027.
Office Lease [Member] | Security Deposit [Member]
Lessee, Lease, Description [Line Items]
Prepaid Expense, Current	$ 800
Plant Facility [Member]
Lessee, Lease, Description [Line Items]
Capital Lease Obligations, Current	7,920
Plant Facility [Member] | Monthly Rental Payments [Member]
Lessee, Lease, Description [Line Items]
Operating Leases, Future Minimum Payments Due	18,000
Plant Lease [Member]
Lessee, Lease, Description [Line Items]
Operating Lease, Cost	$ 111,704	$ 81,451

v3.24.3

STOCKHOLDERS’ DEFICIT (Details Narrative) - USD ($)	3 Months Ended				6 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Mar. 31, 2024
Defined Benefit Plan Disclosure [Line Items]
Common Stock, Shares Authorized	675,000,000				675,000,000		675,000,000
Common Stock, Par or Stated Value Per Share	$ 0.001				$ 0.001		$ 0.001
Stock Issued During Period, Shares, Issued for Services	130,000	30,000	430,000	30,000
Stock Issued During Period, Value, Issued for Services	$ 35,798	$ 20,997	$ 98,834	$ 34,554
Class of Warrant or Right, Outstanding	2,910,250		2,306,250		2,910,250	2,306,250
Board Members And Consultants [Member]
Defined Benefit Plan Disclosure [Line Items]
Stock Issued During Period, Shares, Issued for Services					160,000	460,000
Stock Issued During Period, Value, Issued for Services					$ 28,800	$ 82,800
Board Members And Consultants [Member] | Services Rendered [Member]
Defined Benefit Plan Disclosure [Line Items]
Class of Warrant or Right, Outstanding	252,000		590,000		252,000	590,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value	$ 24,959		$ 59,691		$ 24,959	$ 59,691
[custom:StockBasedCompensationUnrecognizedCompensationCost-0]	$ 27,995		$ 50,588		$ 27,995	$ 50,588
Board Members And Consultants [Member] | Services Rendered [Member] | Warrants [Member]
Defined Benefit Plan Disclosure [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Exercise Price	$ 0.33				$ 0.33

v3.24.3

NOTE 8 – SUBSEQUENT EVENTS (Details Narrative) - Subsequent Event [Member] - USD ($)	1 Months Ended
	Oct. 31, 2024	Oct. 01, 2024
Four Additional Notes [Member]
Subsequent Event [Line Items]
Debt Instrument, Face Amount		$ 94,672
Debt Instrument, Repurchase Amount		99,405
Debt Instrument, Increase, Accrued Interest	$ 4,733
Two Additional Notes [Member]
Subsequent Event [Line Items]
Debt Instrument, Face Amount		23,000
Debt Instrument, Repurchase Amount		$ 26,000
Debt Instrument, Increase, Accrued Interest	$ 3,000

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