Blueone Card Inc. (BCRD)

[Slojab]

10-Q out.

https://www.otcmarkets.com/filing/html?id=15534079&guid=xbCwke4whc89dth

Nice ride!

On June 16, 2020, the Company entered into a financing arrangement to purchase a vehicle, and obtained a loan of $78,491, payable over a term of 72 months, interest bearing at 3.99%, with a monthly payment of principal and interest of $1,228.

Nice salary!

On December 1, 2020, the Company entered into an employment agreement with its CEO for a three-year term, for an annual compensation of $150,000 with a 10% annual increase in compensation effective October 1 of each year. On December 22, 2020, the Company issued 1,000,000 shares of its common stock to its CEO, valued at $1,000 as an inducement (sign-on bonus) to enter into the employment agreement (Note 8). The Company has recorded compensation expense of $41,250 and $116,250 for the three months and nine months ended December 31, 2021, and $12,500 and $12,500 for the three months and nine months ended December 31, 2020, respectively. Compensation payable to the CEO was $166,250 and $50,000 as of December 31, 2021 and March 31, 2021, respectively.

Not so nice revenue.

We sold 5,000 and 0 prepaid debit cards and recorded $52,450 and $0 in revenues for the three months ended December 31, 2021 and 2020