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

Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

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

For the quarterly period ended September 30, 2023

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

For the transition period from To

Commission File Number 000-56322

DH ENCHANTMENT, INC.

(Exact name of registrant as specified in its charter)

Nevada		20-1415044
(State or other jurisdiction of incorporation or organization)		(IRS Employer Identification No.)

Unit A, 13/F, Gee Luen Factory Building 5.

316-318 Kwun Tong Road

Kowloon, Hong Kong 00000

(Address of principal executive offices)

(Zip Code)

+852 2621 3288

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

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

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

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

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

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, 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	☒
		Emerging growth company	☐

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

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

The number of shares outstanding of the registrant’s common stock, par value $.001 per share, as of November 3, 2023, was 831,310,013.

TABLE OF CONTENTS.

PART I - FINANCIAL INFORMATION
Item 1. Financial Statements		4

Unaudited Condensed Consolidated Balance Sheets as of September 30, 2023 and March 31, 2023 (audited)		4

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss for the Six Months Ended September 30, 2023 and 2022		5

Unaudited Condensed Consolidated Statements of Cash Flows for the Six Months Ended September 30, 2023 and 2022		6

Unaudited Condensed Consolidated Statements of Changes in Equity (Deficit) for the Six Months Ended September 30, 2023 and 2022		7

Notes to Unaudited Condensed Consolidated Financial Statements		8

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations		21

Item 3. Quantitative and Qualitative Disclosures About Market Risk		31

Item 4. Controls and Procedures		31


PART II - OTHER INFORMATION		32

Item 1. Legal Proceedings		32

Item 1A. Risk Factors		32

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds		32

Item 3. Defaults Upon Senior Securities		32

Item 4. Mine Safety Disclosures		32

Item 5. Other Information		32

Item 6. Exhibits		33

SIGNATURES		34

CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, that are not historical facts, and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. All statements, other than statements of historical facts, included in this Form 10-Q including, without limitation, statements in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” regarding the Company’s financial position, business strategy and the plans and objectives of management for future operations, events or developments which the Company expects or anticipates will or may occur in the future, including such things as future capital expenditures (including the amount and nature thereof); expansion and growth of the Company’s business and operations; and other such matters are forward-looking statements. These statements are based on certain assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate under the circumstances. However, whether actual results or developments will conform with the Company’s expectations and predictions is subject to a number of risks and uncertainties, including general economic, market and business conditions; the business opportunities (or lack thereof) that may be presented to and pursued by the Company; changes in laws or regulation; and other factors, most of which are beyond the control of the Company.

These forward-looking statements can be identified by the use of predictive, future-tense or forward-looking terminology, such as “believes,” “anticipates,” “expects,” “estimates,” “plans,” “may,” “will,” or similar terms. These statements appear in a number of places in this filing and include statements regarding the intent, belief or current expectations of the Company, and its directors or its officers with respect to, among other things: (i) trends affecting the Company’s financial condition or results of operations for its limited history; (ii) the Company’s business and growth strategies; and, (iii) the Company’s financing plans. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Such factors that could adversely affect actual results and performance include, but are not limited to, the Company’s limited operating history, potential fluctuations in quarterly operating results and expenses, government regulation, technological change and competition. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to our filings with the SEC under the Exchange Act and the Securities Act of 1933, as amended, including the Risk Factors section of the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 29, 2023.

Consequently, all of the forward-looking statements made in this Form 10-Q are qualified by these cautionary statements and there can be no assurance that the actual results or developments anticipated by the Company will be realized or, even if substantially realized, that they will have the expected consequence to or effects on the Company or its business or operations. The Company assumes no obligations to update any such forward-looking statements.

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

DH ENCHANTMENT, INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

AS OF SEPTEMBER 30, 2023 AND MARCH 31, 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares)


	September 30, 2023			March 31, 2023
				(Audited)
ASSETS
Current assets:
Cash and cash equivalents	$	578		$	13,488
Accounts receivable		–			32
Inventories		613			1,700

Total current assets		1,191			15,220

TOTAL ASSETS	$	1,191		$	15,220

LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accrued liabilities and other payables	$	66,510		$	87,746
Accrued marketing expense		452,732			452,732
Amount due to a director		129,141			78,968
Promissory notes, director		84,282			84,077
Note payable, related party		133,557			133,557

Total current liabilities		866,222			837,080

TOTAL LIABILITIES		866,222			837,080

Commitments and contingencies		–			–

STOCKHOLDERS’ DEFICIT
Convertible preferred stock; 50,000,000 shares authorized, and 35,000,000 shares undesignated as of September 30, 2023 and March 31, 2023		–			–
Series A preferred stock, $0.002 par value; 5,000,000 shares designated; 3,120,001 issued and outstanding as of September 30, 2023 and March 31, 2023, respectively		6,240			6,240
Series B convertible preferred stock, $0.001 par value; 10,000,000 shares designated; 100,000 shares issued as of September 30, 2023 and March 31, 2023		100			100
Common stock, $0.001 par value; 4,400,000,000 shares authorized; 831,310,013 shares issued and outstanding as of September 30, 2023 and March 31, 2023, respectively		831,310			831,310
Accumulated other comprehensive loss		(2,086	)		(1,701	)
Accumulated deficit		(1,700,595	)		(1,657,809	)

Stockholders’ deficit		(865,031	)		(821,860	)

TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	1,191		$	15,220

See accompanying notes to unaudited condensed consolidated financial statements.

DH ENCHANTMENT, INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

FOR THE SIX MONTHS ENDED SEPTEMBER 30, 2023 AND 2022

(Currency expressed in United States Dollars (“US$”), except for number of shares)


	Three months ended September 30,						Six months ended September 30
	2023			2022			2023			2022

Revenue, net	$	103		$	4,835		$	686		$	6,581

Cost of revenue		(103	)		(1,006	)		(1,092	)		(2,235	)

Gross profit (loss)		–			3,829			(406	)		4,346

Operating expenses:
Sales and marketing expenses		–			–			–			(226,366	)
General and administrative expenses		(624	)		(3,884	)		(3,686	)		(4,098	)
Professional fee		(15,315	)		(5,324	)		(33,237	)		(55,266	)
Total operating expenses		(15,939	)		(9,208	)		(36,923	)		(285,730	)

LOSS FROM OPERATIONS		(15,939	)		(5,379	)		(37,329	)		(281,384	)

Other income (expense)
Sundry income		1			70			4			12,667
Interest expenses, related parties		(2,746	)		(2,734	)		(5,461	)		(4,309	)
Total other (expense) income		(2,745	)		(2,664	)		(5,457	)		8,358

LOSS BEFORE INCOME TAXES		(18,684	)		(8,043	)		(42,786	)		(273,026	)

Income tax expense		–			–			–			–

NET LOSS		(18,684	)		(8,043	)		(42,786	)		(273,026	)

Other comprehensive loss:
– Foreign currency adjustment loss		(116	)		(1,712	)		(385	)		(1,770	)

COMPREHENSIVE LOSS	$	(18,800	)	$	(9,755	)	$	(43,171	)	$	(274,796	)

Net loss per share – Basic and Diluted#	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)

Weighted average common shares outstanding
– Basic		831,310,013			831,310,013			831,310,013			831,310,013
–Diluted		831,310,013			831,310,013			831,310,013			831,310,013

#	less than $0.001

See accompanying notes to unaudited condensed consolidated financial statements.

DH ENCHANTMENT, INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Currency expressed in United States Dollars (“US$”))


	Six months ended September 30,
	2023			2022
Cash flows from operating activities:
Net loss	$	(42,786	)	$	(273,026	)
Change in operating assets and liabilities:
Accounts receivable		32			5,570
Inventories		1,087			–
Accrued liabilities and other payables		(21,236	)		181,508

Net cash used in operating activities		(62,903	)		(85,948	)

Cash flows from financing activities:
Advance from a director		50,173			10,296
Repayment of promissory notes, related parties		–			(49,678	)
Proceeds from promissory notes, related parties		–			57,321

Net cash provided by financing activity		50,173			17,939

Foreign currency translation adjustment		(180	)		(1,926	)

Net change in cash and cash equivalents		(12,910	)		(69,935	)

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		13,488			111,396

CASH AND CASH EQUIVALENTS, END OF PERIOD	$	578		$	41,461

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for income taxes	$	–		$	–
Cash paid for interest	$	–		$	–

See accompanying notes to unaudited condensed consolidated financial statements.

DH ENCHANTMENT, INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2023 AND 2022

(Currency expressed in United States Dollars (“US$”), except for number of shares)


	Six Months ended September 30, 2023 and 2022
	Series A preferred stock				Series B Preferred stock				Common stock				Accumulated other						Total
	No. of shares		Amount		No. of shares		Amount		No. of shares		Amount		comprehensive (loss) income			Accumulated losses			stockholders’ deficit

Balance as of April 1, 2022		3,120,001	$	6,240		100,000	$	100		831,310,013	$	831,310	$	64		$	(1,271,932	)	$	(434,218	)

Foreign currency translation adjustment		–		–		–		–		–		–		(58	)		–			(58	)
Net loss for the period		–		–		–		–		–		–		–			(264,983	)		(264,983	)

Balance as of June 30, 2022		3,120,001	$	6,240		100,000	$	100		831,310,013	$	831,310	$	6		$	(1,536,915	)	$	(699,259	)

Foreign currency translation adjustment		–		–		–		–		–		–		(1,712	)		–			(1,712	)
Net loss for the period		–		–		–		–		–		–		–			(8,043	)		(8,043	)

Balance as of September 30, 2022		3,120,001	$	6,240		100,000	$	100		831,310,013	$	831,310	$	(1,706	)	$	(1,544,958	)	$	(709,014	)



Balance as of April 1, 2023		3,120,001	$	6,240		100,000	$	100		831,310,013		831,310		(1,701	)	$	(1,657,809	)		(821,860	)

Foreign currency translation adjustment		–		–		–		–		–		–		(269	)		–			(269	)
Net loss for the period		–		–		–		–		–		–		–			(24,102	)		(24,102	)

Balance as of June 30, 2023		3,120,001	$	6,240		100,000	$	100		831,310,013	$	831,310	$	(1,970	)	$	(1,681,911	)	$	(846,231	)

Foreign currency translation adjustment		–		–		–		–		–		–		(116	)		–			(116	)
Net loss for the period		–		–		–		–		–		–		–			(18,684	)		(18,684	)

Balance as of September 30, 2023		3,120,001	$	6,240		100,000	$	100		831,310,013	$	831,310	$	(2,086	)	$	(1,700,595	)	$	(865,031	)

See accompanying notes to unaudited condensed consolidated financial statements.

DH ENCHANTMENT, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED SEPTEMBER 30, 2023 AND 2022

(Currency expressed in United States Dollars (“US$”), except for number of shares)

NOTE－1 BASIS OF PRESENTATION

These accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”) for interim financial information pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary to make the financial statements not misleading have been included. Operating results for the period ended September 30, 2023 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2024. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with Management’s Discussion and Analysis, and the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2023, filed with the SEC on June 29, 2023.

NOTE－2 ORGANIZATION AND BUSINESS BACKGROUND

DH Enchantment, Inc. (the “Company” or “ENMI”) was incorporated in the State of Nevada on July 9, 2004 under the name Amerivestors, Inc. On March 3, 2009, the Company changed its name to Gust Engineering & Speed Productions, Inc. and on February 1, 2011, the Company changed its name to Energy Management International, Inc. Thereafter, on August 11, 2021, the Company further changed its company name to DH Enchantment, Inc., its current name.

Currently, the Company through its subsidiaries, is mainly engaged in the sale and distribution of COVID-19 rapid antigen tester sets.

Description of subsidiaries

Schedule of description of subsidiaries
Name	Place of incorporation and kind of legal entity	Principal activities and place of operation	Particulars of registered/ paid up share capital	Effective interest held

DH Investment Group Limited	British Virgin Islands	Investment holding	100 ordinary shares at par value of US$1	100%

Ho Shun Yi Limited	Hong Kong	Sale and distribution of COVID-19 rapid antigen tester set	10,000 ordinary shares for HK$10,000	100%

The Company and its subsidiaries are hereinafter referred to as (the “Company”).

NOTE－3 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The accompanying unaudited condensed consolidated financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying condensed consolidated financial statements and notes.

Basis of presentation

Use of estimates and assumptions

In preparing these unaudited condensed consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and revenues and expenses during the periods reported. Actual results may differ from these estimates.

Basis of consolidation

The unaudited condensed consolidated financial statements include the accounts of ENMI and its subsidiaries. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation.

Cash and cash equivalents

Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.

Revenue recognition

ASC 606, Revenue from Contracts with Customers (“ASC 606”), establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services to customers.

The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements:

·	identify the contract with a customer;
·	identify the performance obligations in the contract;
·	determine the transaction price;
·	allocate the transaction price to performance obligations in the contract; and
·	recognize revenue as the performance obligation is satisfied.

The Company also follows the guidance provided in ASC 606, Revenue from Contracts with Customers, for determining whether the Company is the principal or an agent in arrangements with customers that involve another party that contributes to the provision of goods to a customer. In these instances, the Company determines whether it has promised to provide the goods itself (as principal) or to arrange for the specified goods to be provided by another party (as an agent). This determination is a matter of judgment that depends on the facts and circumstances of each arrangement.

The Company derives its revenue from the sale of the rapid tester kits and from commissions earned in its role as an agent.

Where the Company acts as a principal, it sells its products directly to healthcare providers, retailers and individual consumers through its retail channels. The Company considers customer order confirmations to be a contract with the customer. Customer confirmations are executed at the time an order is placed. Revenue is recognized when control of the product is transferred to the customer (i.e., when the Company’s performance obligation is satisfied), which typically occurs at shipment date. As a result, the Company has a present and unconditional right to payment and record the amount due from the customer in accounts receivable. For each contract, the Company considers the promise to transfer products to be the only identified performance obligation. In determining the transaction price, the Company evaluates whether the price is subject to refund or adjustment to determine the net consideration to which the Company expects to be entitled.

Where the Company acts as an agent, the Company recognizes revenue on a net basis, as the Company is not responsible for the fulfillment, nor controls the delivery of the promised goods, and has no discretion in establishing prices and therefore is agent in the arrangement. For each contract the Company considers the promise to facilitate the arrangement between the parties as the identified performance obligation. The transaction price is determined to be the contracted price to which the Company is entitled to upon completion of its performance obligation.

The Company’s revenues for the six months ended September 30, 2023 and 2022 are recognized at a point in time, for both its roles as principal and as agent.

Cost of revenue

Cost of revenue consists primarily of the cost of goods sold, which are directly attributable to the sales of products.

Income taxes

The Company adopted the ASC 740 Income tax provisions of paragraph 740-10-25-13, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the condensed consolidated financial statements. Under paragraph 740-10-25-13, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the condensed consolidated financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement. Paragraph 740-10-25-13 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the provisions of paragraph 740-10-25-13.

The estimated future tax effects of temporary differences between the tax basis of assets and liabilities are reported in the accompanying balance sheets, as well as tax credit carry-backs and carry-forwards. The Company periodically reviews the recoverability of deferred tax assets recorded on its balance sheets and provides valuation allowances as management deems necessary.

Uncertain tax positions

The Company did not take any uncertain tax positions and had no adjustments to its income tax liabilities or benefits pursuant to the ASC 740 provisions of Section 740-10-25 for the six months ended September 30, 2023 and 2022.

Foreign currencies translation

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the condensed consolidated statement of operations.

The reporting currency of the Company is United States Dollar ("US$") and the accompanying condensed consolidated financial statements have been expressed in US$. In addition, the Company is operating in Hong Kong via its subsidiary, and maintains its books and records in its local currency, Hong Kong Dollars (“HKD”), which is its functional currency, being the primary currency of the economic environment in which its operations are conducted. In general, for consolidation purposes, assets and liabilities of its subsidiary whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiary are recorded as a separate component of accumulated other comprehensive income within the statements of changes in stockholder’s equity.

Translation of amounts from HKD into US$ has been made at the following exchange rates for the six months ended September 30, 2023 and 2022:

Schedule of translation rates
	September 30, 2023		September 30, 2022
Period-end HKD:US$ exchange rate		0.1277		0.1274
Average HKD:US$ exchange rate		0.1277		0.1274

Comprehensive income

ASC Topic 220, “Comprehensive Income”, establishes standards for reporting and display of comprehensive income, its components and accumulated balances. Comprehensive income as defined includes all changes in equity during a period from non-owner sources. Accumulated other comprehensive income, as presented in the accompanying condensed consolidated statements of changes in stockholders’ equity, consists of changes in unrealized gains and losses on foreign currency translation. This comprehensive income is not included in the computation of income tax expense or benefit.

Net loss per share

The Company calculates net loss per share in accordance with ASC 260, Earnings per Share. Basic income per share is computed by dividing the net income by the weighted-average number of common shares outstanding during the period. Diluted income per share is computed similar to basic income per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.

Stock based compensation

Pursuant to ASU 2018-07, the Company follows ASC 718, Compensation—Stock Compensation (“ASC 718”), which requires the measurement and recognition of compensation expense for all share-based payment awards (employee or non-employee), are measured at grant-date fair value of the equity instruments that an entity is obligated to issue. Restricted stock units are valued using the market price of the Company’s common shares on the date of grant. The Company uses a Black-Scholes option model to estimate the fair value of employee stock options at the date of grant. As of September 30, 2023, those shares issued and stock options granted for service compensations were immediately vested, and therefore these amounts are thus recognized as expense in the operation.

Related parties

The Company follows the ASC 850-10, “Related Party” for the identification of related parties and disclosure of related party transactions.

Pursuant to section 850-10-20 the related parties include a) affiliates of the Company; b) entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of section 825–10–15, to be accounted for by the equity method by the investing entity; c) trusts for the benefit of employees, such as pension and Income-sharing trusts that are managed by or under the trusteeship of management; d) principal owners of the Company; e) management of the Company; f) other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and g) other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests.

The unaudited condensed consolidated financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of consolidated or combined financial statements is not required in those statements. The disclosures shall include: a) the nature of the relationship(s) involved; b) a description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; c) the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and d) amount due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement.

Commitments and contingencies

The Company follows the ASC 450-20, Commitments to report accounting for contingencies. Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or un-asserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or un-asserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein.

If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s condensed consolidated financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed.

Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. Management does not believe, based upon information available at this time that these matters will have a material adverse effect on the Company’s financial position, results of operations or cash flows. However, there is no assurance that such matters will not materially and adversely affect the Company’s business, financial position, and results of operations or cash flows.

Fair value of financial instruments

The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and has adopted paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 of the FASB Accounting Standards Codification establishes a framework for measuring fair value in generally accepted accounting principles (GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, paragraph 820-10-35-37 of the FASB Accounting Standards Codification establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by paragraph 820-10-35-37 of the FASB Accounting Standards Codification are described below:

Level 1		Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.

Level 2		Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.

Level 3		Pricing inputs that are generally observable inputs and not corroborated by market data.

Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable.

The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument.

The carrying amounts of the Company’s financial assets and liabilities, such as cash and cash equivalents, approximate their fair values because of the short maturity of these instruments.

Recent accounting pronouncements

In June 2016, the Financial Accounting Standards Board (“FASB”) issued new accounting guidance ASU 2016-13 for recognition of credit losses on financial instruments, which is effective January 1, 2020, with early adoption permitted on January 1, 2019. The guidance introduces a new credit reserving model known as the Current Expected Credit Loss (“CECL”) model, which is based on expected losses, and differs significantly from the incurred loss approach used today. The CECL model requires measurement of expected credit losses not only based on historical experience and current conditions, but also by including reasonable and supportable forecasts incorporating forward-looking information and will likely result in earlier recognition of credit reserves. In November 2019, the FASB issued ASU No. 2019-10, which is to update the effective date of ASU No. 2016-13 for private companies, not-for-profit organizations and certain smaller reporting companies applying for credit losses standard. The new effective date for these preparers is for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company has adopted this update on April 1, 2023, and the adoption does not have material impact on Company’s consolidated financial statements and related disclosures.

CECL adoption will have broad impact on the financial statements of financial services firms, which will affect key profitability and solvency measures. Some of the more notable expected changes include:

–	Higher allowance on financial guarantee reserve and finance lease receivable levels and related deferred tax assets. While different asset types will be impacted differently, the expectation is that reserve levels will generally increase across the board for all financial firms.

–	Increased reserve levels may lead to a reduction in capital levels.

–	As a result of higher reserving levels, the expectation is that CECL will reduce cyclicality in financial firms’ results, as higher reserving in “good times” will mean that less dramatic reserve increases will be loan related income (which will continue to be recognized on a periodic basis based on the effective interest method) and the related credit losses (which will be recognized up front at origination). This will make periods of loan expansion seem less profitable due to the immediate recognition of expected credit losses. Periods of stable or declining loan levels will look comparatively profitable as the income trickles in for loans, where losses had been previously recognized.

In March 2023, the FASB issued new accounting guidance, ASU 2023-01, for leasehold improvements associated with common control leases, which is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted for both interim and annual financial statements that have not yet been made available for issuance. The new guidance introduced two issues: terms and conditions to be considered with leases between related parties under common control and accounting for leasehold improvements. The goals for the new issues are to reduce the cost associated with implementing and applying Topic 842 and to promote diversity in practice by entities within the scope when applying lease accounting requirements.

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and believe the future adoption of any such pronouncements may not be expected to cause a material impact on its financial condition or the results of its operations.

NOTE－4 GOING CONCERN UNCERTAINTIES

The accompanying unaudited condensed consolidated financial statements have been prepared using going concern basis of accounting, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.

For the six months ended September 30, 2023, the Company incurred a net loss of $42,786 and suffered from a working capital deficit of $865,031 as of September 30, 2023. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The continuation of the Company as a going concern is dependent upon improving our profitability and the continued financial support from its stockholders. Management believes the existing stockholders will provide the additional cash to meet with the Company’s obligations as they become due. However, there is no assurance that the Company will be successful in securing sufficient funds to sustain the operations.

These raise substantial doubt about the Company’s ability to continue as a going concern. These unaudited condensed consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets and liabilities that may result in the Company not being able to continue as a going concern.

NOTE－5 AMOUNT DUE TO A DIRECTOR

As of September 30, 2023, the amount due to a director represented temporary advances made by the Company’s director, Ms LO Kin Yi Sally, which was unsecured, interest-free and repayable on demand.

NOTE－6 NOTE PAYABLE, RELATED PARTY

In August 2021, the Company entered into a loan agreement (the “Agreement”) with Daily Success Development Limited, the Company’s shareholder. Pursuant to the Agreement, the shareholder loaned the Company a principal amount of $133,557, which bears interest at an annual rate of 5% and is repayable on demand.

NOTE－7 PROMISSORY NOTES, DIRECTOR

The Company had promissory notes (the “Notes”) with Miss Sally Kin Yi LO, the Company’s director. Pursuant to the Notes, the noteholder loaned the Company an aggregate principal amount of $84,282, which bears interest at an annual rate of 5% and becomes payable upon maturity on May 4, 2024 and extended date of August 23, 2024 for the amounts of $26,796 and $57,420, respectively.

NOTE－8 STOCKHOLDERS’ DEFICIT

Authorized shares

As of September 30, 2023 and March 31, 2023, the Company’s authorized shares were 4,400,000,000 shares of common stock, with a par value of $0.001, and 50,000,000 shares of convertible preferred stock, issuable in one or more series as may be determined by the Board.

A total of 35,000,000 shares of convertible preferred stock remain undesignated as of September 30, 2023 and March 31, 2023.

Series A Preferred Stock

The Company has designated 5,000,000 shares of Series A Preferred Stock, with a par value of $0.002. Holders of Series A Preferred Stock shall not be entitled to: (i) receive dividends or other distributions; (ii) vote on all matters submitted to a vote of the shareholders of the Company; (iii) convert into shares of common stock of the Company.

Series B Preferred Stock

The Company has designated 10,000,000 shares of Series B Preferred Stock, with a par value of $0.001. Holders of Series B Preferred Stock are: (i) entitled to receive dividends or other distributions on an “as converted” basis; (ii) entitled to vote on an “as converted” basis on all matters submitted to the Common Stock holders; (iii) entitled to convert each one (1) share of Series B Preferred Stock into one hundred (100) shares of Common Stock at the election of the Series B Holder; (iv) entitled to receive out of the assets of the Company, a liquidation distribution of an amount equal to the amount each series B Holder would be entitled to receive had the shares been converted to common stock, subject to the rights of other stockholders.

Issued and outstanding shares

As of September 30, 2023 and March 31, 2023, the Company had 3,120,001 shares of Series A preferred stock issued and outstanding, with a par value of $0.002.

As of September 30, 2023 and March 31, 2023, the Company had 100,000 shares of Series B preferred stock issued and outstanding, with a par value of $0.001.

As of September 30, 2023 and March 31 2023, the Company had 831,310,013 shares of common stock issued and outstanding, with a par value of $0.001.

NOTE－9 NET LOSS PER SHARE

Basic net loss per share is computed using the weighted average number of common shares outstanding during the year. The following table sets forth the computation of basic and diluted net loss per share for the six months ended September 30, 2023 and 2022:


	Six months ended September 30,
	2023			2022

Net loss attributable to common shareholders	$	(42,786	)	$	(273,026	)

Weighted average common shares outstanding
–Basic		831,310,013			831,310,013
–Diluted		831,310,013			831,310,013

Net loss per share
–Basic	$	(0.00	)	$	(0.00	)
–Diluted	$	(0.00	)	$	(0.00	)

# less than $0.001

For the six months ended September 30, 2023 and 2022, diluted weighted-average common shares outstanding is equal to basic weighted-average common shares, due to the Company’s net loss position. Hence, no common stock equivalents were included in the computation of diluted net loss per share since such inclusion would have been antidilutive.

NOTE－10 INCOME TAX

The provision for income taxes consisted of the following:

Schedule of provision for income taxes
		Six months ended September 30,
		2023		2022

Current tax	$	–	$	–
Deferred tax		–		–

Income tax expense	$	–	$	–

The effective tax rate in the periods presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rate. The Company mainly operates in Hong Kong and is subject to taxes in the jurisdictions in which the Company operates, as follows:

United States of America

ENMI is registered in the State of Nevada and is subject to the tax laws of United States of America. The U.S. Tax Cuts and Jobs Act (the “Tax Reform Act”) was signed into law. The U.S. corporate tax rate is 21%. The Company’s policy is to recognize accrued interest and penalties related to unrecognized tax benefits in its income tax provision. The Company has not accrued for interest or penalties as they were not material to its results of operations for the periods presented.

As of September 30, 2023, the Company has U.S. federal operating loss carryforwards of $705,428 and deferred tax assets of $148,140, for which a full valuation allowance has been provided.

For the six months ended September 30, 2023 and 2022, there were no operating income.

BVI

DHIG is considered to be an exempted British Virgin Islands Company and is presently not subject to income taxes or income tax filing requirements in the British Virgin Islands or the United States.

The Company’s tax provision is zero for the six months ended September 30, 2023 and 2022.

Hong Kong

HSYL operating in Hong Kong is subject to the Hong Kong Profits Tax at the two-tiered profits tax rates from 8.25% to 16.5% on the estimated assessable profits arising in Hong Kong during the current year, after deducting a tax concession for the tax year. The reconciliation of income tax rate to the effective income tax rate for the six months ended September 30, 2023 and 2022 is as follows:


	Six months ended September 30,
	2023			2022

Loss before income taxes	$	(9,295	)	$	(16,737	)
Statutory income tax rate		16.5%			16.5%
Income tax expense at statutory rate		(1,534	)		(2,762	)
Tax effect of non-deductible items		354			339
Net operating loss		1,180			2,423
Income tax expense	$	–		$	–

As of September 30, 2023, the operations in Hong Kong incurred $146,488 of cumulative net operating losses which can be carried forward to offset future taxable income. The net operating loss carryforwards have no expiry under Hong Kong tax regime. The Company has provided for a full valuation allowance against the deferred tax assets of $24,171 on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future.

The following table sets forth the significant components of the deferred tax assets of the Company as of September 30, 2023 and March 31, 2023:

Schedule of deferred tax assets
	September 30, 2023			March 31, 2023

Deferred tax assets:
Net operating loss carryforwards, from
United States tax regime	$	148,140		$	141,855
Hong Kong tax regime		24,171			22,991
		172,311			164,846
Less: valuation allowance		(172,311	)		(164,846	)
Deferred tax assets, net	$	–		$	–

NOTE－11 RELATED PARTY TRANSACTIONS

During the six months ended September 30, 2023, the Company accrued interest expense of $3,348 in connection with note payable of $133,557 from its shareholder, which bears interest at a rate of 5% per annum and is repayable on demand.

During the six months ended September 30, 2023, the Company accrued interest expense of $672 in connection with promissory notes of $26,796 from its director, Sally Kin Yi LO, which bears interest at a rate of 5% per annum and becomes payable at maturity on May 4, 2024.

During the six months ended September 30, 2023, the Company accrued interest expense of $1,440 in connection with promissory notes of $57,420 from its director, Sally Kin Yi LO, which bears interest at a rate of 5% per annum and becomes payable at maturity on extended date of August 23, 2024.

During the six months ended September 30, 2023 and 2022, the Company has been provided with free office space by its shareholder. The management determined that such cost is nominal and did not recognize the rent expense in its unaudited consolidated financial statements.

Apart from the transactions and balances detailed elsewhere in these accompanying unaudited consolidated financial statements, the Company has no other significant or material related party transactions during the period presented.

NOTE－12 CONCENTRATIONS OF RISK

The Company is exposed to the following concentrations of risk:

(a) Major customers

For the three months ended September 30, 2023, one customer contributed in excess of 10% of the Company’s revenues and its outstanding receivable balances as at period-end dates, are presented as follows:

Three months ended September 30, 2023

September 30, 2023

Customers

Revenues

Percentage
of revenues

Accounts
receivable

Customer B

103

100%

–

For the three months ended September 30, 2022, three individual customers contributed in excess of 10% of the Company’s revenues and its outstanding receivable balances as at period-end dates, are presented as follows:

	Three months ended September 30, 2022				September 30, 2022
Customers	Revenues		Percentage of revenues		Accounts receivable

Customer A	$	2,124		44%	$	–
Customer B		950		20%		–

Total:	$	3,074		64%	$	–

For the six months ended September 30, 2023, four customers contributed in excess of 10% of the Company’s revenues and its outstanding receivable balances as at period-end dates, are presented as follows:

	Six months ended September 30, 2023				September 30, 2023
Customers	Revenues		Percentage of revenues		Accounts receivable

Customer A	$	188		27%		–
Customer B		140		20%		–
Customer C		128		19%		–
Customer D		102		15%		–

Total:	$	558	$	81%	$	–

For the six months ended September 30, 2022, two individual customers contributed in excess of 10% of the Company’s revenues and its outstanding receivable balances as at period-end dates, are presented as follows:

	Six months ended September 30, 2022				September 30, 2022
Customers	Revenues		Percentage of revenues		Accounts receivable

Customer A	$	2,124		32%	$	–
Customer B		2,117		32%		–

Total:	$	4,241		64%	$	–

All of the Company’s customers are located in Hong Kong.

(b)

Major vendor

For the three months ended September 30, 2023, no single vendor represented more than 10% of the Company’s purchase cost.

For the three months ended September 30, 2022, one vendor represented more than 10% of the Company’s purchase cost. This vendor accounted for 100% of the Company’s purchase cost amounting to $1,006, with no accounts payable at September 30, 2022.

For the six months ended September 30, 2023, no single vendor represented more than 10% of the Company’s purchase cost.

For the six months ended September 30, 2022, two vendors represented more than 10% of the Company’s purchase cost and its outstanding payable balances as at period-end-dates, are presented as follows.

Schedule of concentration risks	Six months ended September 30, 2022				September 30, 2022
Vendors	Purchase cost		Percentage of purchase cost		Accounts payable

Vendor A	$	1,630		73%	$	–
Vendor B		605		27%		–

Total:	$	2,235		100%	$	–

All of the Company’s vendors are located in Hong Kong.

(c)	Economic and political risk

The Company’s major operations are conducted in Hong Kong. Accordingly, the political, economic, and legal environments in Hong Kong, as well as the general state of Hong Kong’s economy may influence the Company’s business, financial condition, and results of operations. The Company may also be exposed to the broader global economic conditions.

The present global economic climate with rising global tensions, rising costs and fuel shortage which potentially could escalate and result in global inflation may also impact the Company’s business, financial condition, and results of operations.

(d)	Exchange rate risk

The Company cannot guarantee that the current exchange rate will remain steady; therefore there is a possibility that the Company could post the same amount of profit for two comparable periods and because of the fluctuating exchange rate actually post higher or lower profit depending on exchange rate of HKD converted to US$ on that date. The exchange rate could fluctuate depending on changes in political and economic environments without notice.

(e)	Liquidity risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. The Company’s policy is to ensure that it has sufficient cash to meet its liabilities when they become due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company’s reputation. A key risk in managing liquidity is the degree of uncertainty in the cash flow projections. This is presently managed through shareholder financial support. If future cash flows are fairly uncertain, the liquidity risk increases.

NOTE－13 COMMITMENTS AND CONTINGENCIES

As of September 30, 2023, the Company has no material commitments or contingencies.

NOTE－14 SUBSEQUENT EVENTS

In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before condensed consolidated financial statements are issued, the Company has evaluated all events or transactions that occurred after September 30, 2023, up through the date the Company issued the unaudited condensed consolidated financial statements.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

DH Enchantment, Inc. is a Nevada holding company with no operations of its own. DH Enchantment, Inc. conducts its operations through its Hong Kong subsidiary, Ho Shun Yi Limited (“HSY”). HSY was organized as a private limited liability company on July 9, 2018, in Hong Kong and is a wholly owned subsidiary of DH Investment Group Limited (“DHIG”). We acquired DHIG on July 26, 2021. HSY is engaged primarily in the sale and distribution of COVID-19 rapid antigen tester sets produced by third parties. HSY commenced operations in Hong Kong in October 2020 and sells its products primarily in Hong Kong.

Our investors will hold common stock of DH Enchantment, Inc., the Nevada holding company that has no operations of its own, and not in HSY, the Hong Kong operating company. This holding company structure presents unique risks as our investors may never directly hold equity interests in our Hong Kong subsidiary. Holding indirect equity interests in HSY, our Hong Kong subsidiary, is not as effective as holding a direct ownership interest as DH Enchantment, Inc. will be dependent upon contributions from our subsidiaries to finance the cash flow needs of DH Enchantment, Inc. DH Enchantment, Inc.’s ability to obtain contributions from its subsidiaries are significantly affected by regulations promulgated by Hong Kong authorities. Any limitation on the ability of our subsidiaries to transfer cash or assets to us could have a material adverse effect on our ability to conduct business. As a result, any change in the interpretation of existing rules and regulations or the promulgation of new rules and regulations that adversely affects our ability to transfer cash or assets may adversely affect our operations and or the value of our securities, including causing the value of our securities to significantly decline or become worthless. For a detailed description of the risks facing the Company associated with our structure, please refer to “Risk Factors- Our Hong Kong subsidiary may be subject to restrictions on paying dividends or making other payments to us, which may restrict its ability to satisfy liquidity requirements, conduct business and pay dividends to holders of DH Enchantment, Inc.’s common stock.” and more generally, “Risk Factors – Risk Relating to Doing Business in Hong Kong.” set forth in the Company’s Annual Report on Form 10-K filed with the SEC on June 29, 2023 (the “Annual Report”).

DH Enchantment, Inc. and HSY, our Hong Kong subsidiary, are not required to obtain permission from Hong Kong or Chinese authorities including the China Securities Regulatory Commission, or CSRC, or Cybersecurity Administration Committee, or CAC, to operate or to issue securities to foreign investors. In making this determination, we relied on the opinion of Ravenscroft & Schmierer, which is attached as Exhibit 5 to Amendment No. 6 to the Registration Statement on Form 10 filed with the SEC on June 27, 2022. DH Enchantment, Inc. and HSY are not subject to permission requirements from any other governmental agencies to approve HSY’s operations. HSY has received all requisite permissions to operate its business. The business of HSY until now is not subject to cybersecurity review with the Cyberspace Administration of China, or CAC, given that: (i) HSY’s products and services are offered not directly to individual users but through institutional customers; (ii) HSY does not possess a large amount of personal information in its business operations. In addition, we believe that HSY is not subject to merger control review by China’s anti-monopoly enforcement agency due to the level of our revenues and the fact that we currently do not expect to propose or implement any acquisition of control of, or decisive influence over, any company with revenues within China of more than RMB400 million. Currently, these statements and regulatory actions have had no impact on HSY’s daily business operation, our ability to accept foreign investments and the ability of DH Enchantment, Inc. to list its securities on an U.S. or other foreign exchange. However, in light of the recent statements and regulatory actions by the PRC and Hong Kong government, such as those related to Hong Kong’s national security, the promulgation of regulations prohibiting foreign ownership of Chinese companies operating in certain industries, which are constantly evolving, and anti-monopoly concerns, we may be subject to the risks of uncertainty of any future actions of the PRC government in this regard. For example, if DH Enchantment, Inc. or HSY inadvertently concludes that such approvals are not required, or if applicable laws, regulations or interpretations change such that we are required to obtain approvals in the future, or if the PRC government disallows our holding company structure, these actions would likely result in a material change in our operations, including our ability to continue our existing holding company structure, carry on HSY’s current business, accept foreign investments, and offer or continue to offer securities of DH Enchantment, Inc. to its investors. These adverse actions would likely cause the value of DH Enchantment, Inc.’s common stock to significantly decline or become worthless. We may also be subject to penalties and sanctions imposed by the PRC regulatory agencies, including the Chinese Securities Regulatory Commission, if we fail to comply with such rules and regulations, which would likely adversely affect the ability of DH Enchantment, Inc.’s securities to continue to trade on the Over-the-Counter Bulletin Board, which would likely cause the value of its securities to significantly decline or become worthless. For a detailed description of the risks facing the Company and HSY’s operations in Hong Kong, please refer to “Risk Factors – Risk Factors Relating to Doing Business in Hong Kong.” set forth in the Annual Report.

There are prominent legal and operational risks associated with our operations being based in Hong Kong which could result in a material change in our operations and the value of DH Enchantment, Inc.’s securities. We are subject to risks arising from the legal system in China where there are risks and uncertainties regarding the enforcement of laws including where the Chinese government can change the rules and regulations in China and Hong Kong, including the enforcement and interpretation thereof, at any time with little to no advance notice and can intervene at any time with little to no advance notice. By way of example, the PRC government initiated a series of regulatory actions and statements to regulate business operations in China with little advance notice, including cracking down on illegal activities in the securities market, enhancing supervision over China-based companies listed overseas using variable interest entity structure, adopting new measures to extend the scope of cybersecurity reviews, and expanding the efforts in anti-monopoly enforcement. While these regulatory actions and statements currently do not impact our business or our ability to accept foreign investments or list our securities on a U.S. or foreign exchange, the Chinese government can change its rules and regulations and the enforcement and interpretation thereof with little to no advance notice. Such changes in Chinese internal regulatory mandates, such as the M&A rules, Anti-Monopoly Law, and the Data Security Law, may target the Company's corporate structure and negatively impact our ability to conduct business in Hong Kong, accept foreign investments, or list on an U.S. or other foreign exchange. These risks may significantly limit or completely hinder our ability to offer or continue to offer securities to investors and cause the value of such securities to significantly decline or be worthless. Please see “Risk Factors — Risks Relating to Doing Business in Hong Kong.” set forth in the Annual Report.

The recent joint statement by the SEC and PCAOB, and the Holding Foreign Companies Accountable Act (HFCAA) all call for additional and more stringent criteria to be applied to emerging market companies upon assessing the qualification of their auditors, especially the non-U.S. auditors who are not inspected by the PCAOB. Trading in our securities may be prohibited under the Holding Foreign Companies Accountable Act and the Accelerating the Holding Foreign Companies Account Act if the PCAOB determines that it cannot inspect or investigate completely our auditor, and that as a result an exchange may determine to delist our securities. On June 22, 2021, the U.S. Senate passed the Accelerating Holding Foreign Companies Accountable Act which would reduce the number of consecutive non-inspection years required for triggering the prohibitions under the HFCAA from three years to two thus reducing the time before our securities may be prohibited from trading or being delisted. Our auditor is not subject to the determinations announced by the PCAOB on December 16, 2021. However, in the event the Malaysian authorities subsequently take a position disallowing the PCAOB to inspect our auditor, then we would need to change our auditor to avoid having our securities delisted. Please see “Risk Factors- The Holding Foreign Companies Accountable Act requires the Public Company Accounting Oversight Board (PCAOB) to be permitted to inspect the issuer's public accounting firm within three years. This three- year period will be shortened to two years if the Accelerating Holding Foreign Companies Accountable Act is enacted. There are uncertainties under the PRC Securities Law relating to the procedures and requisite timing for the U.S. securities regulatory agencies to conduct investigations and collect evidence within the territory of the PRC. If the U.S. securities regulatory agencies are unable to conduct such investigations, they may suspend or de-register DH Enchantment, Inc.’s registration with the SEC and delist its securities from applicable trading market within the US.” set forth in the Annual Report.

In addition to the foregoing risks, we face various legal and operational risks and uncertainties arising from doing business in Hong Kong and China as summarized below and in “Risk Factors — Risks Factors Relating to Doing Business in Hong Kong.” set forth in the Annual Report.

	·	Adverse changes in economic and political policies of the PRC government could have a material and adverse effect on overall economic growth in China and Hong Kong, which could materially and adversely affect our business.

	·	DH Enchantment, Inc. is a holding company and will rely on dividends paid by its subsidiaries for its cash needs. Any limitation on the ability of its subsidiaries to make payments to DH Enchantment, Inc. could have a material adverse effect on our ability to conduct business. We do not anticipate paying dividends in the foreseeable future; you should not buy stock of DH Enchantment, Inc. if you expect dividends.

	·	There is a possibility that the PRC could prevent our cash maintained in Hong Kong from leaving or the PRC could restrict the deployment of the cash into our business or for the payment of dividends. We rely on dividends from our Hong Kong subsidiary for our cash and financing requirements, such as the funds necessary to service any debt we may incur. Any such controls or restrictions may adversely affect our ability to finance our cash requirements, service debt or make dividend or other distributions to our shareholders. Please see “Risk Factors - Our Hong Kong subsidiary may be subject to restrictions on paying dividends or making other payments to us, which may restrict its ability to satisfy liquidity requirements, conduct business and pay dividends to holders of DH Enchantment, Inc.’s common stock.”; “Risk Factors - PRC regulation of loans to and direct investment in PRC entities by offshore holding companies and governmental control of currency conversion may delay or prevent us from using the proceeds we receive from offshore financing activities to make loans to or make additional capital contributions to our Hong Kong subsidiary, which could materially and adversely affect our liquidity and our ability to fund and expand business.”; “Risk Factors - Because our holding company structure creates restrictions on the payment of dividends or other cash payments, our ability to pay dividends or make other payments is limited.” and “Transfers of Cash to and from our Subsidiaries.” set forth in the Annual Report.

	·	PRC regulation of loans to and direct investments in PRC entities by offshore holding companies may delay or prevent us from using the proceeds of this offering to make loans or additional capital contributions to DH Enchantment, Inc.’s operating subsidiary in Hong Kong.

	·	Substantial uncertainties exist with respect to the interpretation of the PRC Foreign Investment Law and how it may impact the viability of our current corporate structure, corporate governance and business operations.

	·	We are subject to the risks arising from the legal system in China. The Chinese government can change the rules and regulations in China and Hong Kong, including the enforcement and interpretation thereof, at any time with little to no advance notice and can intervene at any time with little to no advance notice. HSY is currently not required to obtain approval from Chinese authorities to list on U.S. exchanges. However, if the subsidiaries of DH Enchantment, Inc. or the holding company were required to obtain approval in the future, or we erroneously conclude that approvals were not required, or HSY was denied permission from Chinese authorities to operate or to list on U.S. exchanges, we will not be able to continue listing on a U.S. exchange and the value of DH Enchantment, Inc. common stock would likely significantly decline or become worthless, which would materially affect the interest of the investors. There is a risk that the Chinese government may intervene or influence HSY’s operations at any time, or may exert more control over offerings conducted overseas and/or foreign investment in Hong Kong-based issuers, which could result in a material change in our operations and/or the value of DH Enchantment, Inc.’s securities. Further, any actions by the Chinese government to exert more oversight and control over offerings that are conducted overseas and/or foreign investment in China-based issuers would likely significantly limit or completely hinder our ability to offer or continue to offer DH Enchantment, Inc. securities to investors and cause the value of such securities to significantly decline or be worthless. Please see “Risk Factors-We face the risk that changes in the policies of the PRC government could have a significant impact upon the business we may be able to conduct in the Hong Kong and the profitability of such business.” and “Substantial uncertainties and restrictions with respect to the political and economic policies of the PRC government and PRC laws and regulations could have a significant impact upon the business that we may be able to conduct in Hong Kong and accordingly on the results of our operations and financial condition.” set forth in the Annual Report.

	·	Governmental control of currency conversion may limit our ability to utilize our revenues effectively and affect the value of your investment.

	·	HSY may become subject to a variety of laws and regulations in the PRC regarding privacy, data security, cybersecurity, and data protection. HSY may be liable for improper use or appropriation of personal information provided by our customers.

	·	Under the Enterprise Income Tax Law, we may be classified as a “Resident Enterprise” of China. Such classification will likely result in unfavorable tax consequences to us and our non-PRC shareholders.

	·	PRC regulation of loans to, and direct investments in, Hong Kong entities by offshore holding companies may delay or prevent us from using proceeds from this offering and/or future financing activities to make loans or additional capital contributions to our Hong Kong operating subsidiary.

	·	Failure to comply with PRC regulations relating to the establishment of offshore special purpose companies by PRC residents may subject our PRC resident Shareholders to personal liability, may limit our ability to acquire Hong Kong and PRC companies or to inject capital into our Hong Kong subsidiary, may limit the ability of our Hong Kong subsidiary to distribute profits to us or may otherwise materially and adversely affect us.

	·	The recent joint statement by the SEC and PCAOB, and the Holding Foreign Companies Accountable Act (HFCAA) all call for additional and more stringent criteria to be applied to emerging market companies upon assessing the qualification of their auditors, especially the non-U.S. auditors who are not inspected by the PCAOB. Trading in our securities may be prohibited under the Holding Foreign Companies Accountable Act if the PCAOB determines that it cannot inspect or investigate completely our auditor, and that as a result an exchange may determine to delist our securities. On June 22, 2021, the U.S. Senate passed the Accelerating Holding Foreign Companies Accountable Act which would reduce the number of consecutive non-inspection years required for triggering the prohibitions under the HFCAA from three years to two thus reducing the time before our securities may be prohibited from trading or being delisted. On December 2, 2021, the U.S. Securities and Exchange Commission adopted rules to implement the HFCAA. Pursuant to the HFCAA, the Public Company Accounting Oversight Board (PCAOB) issued its report notifying the Commission that it is unable to inspect or investigate completely accounting firms headquartered in mainland China or Hong Kong due to positions taken by authorities in mainland China and Hong Kong. Our auditor is not subject to the determinations announced by the PCAOB on December 16, 2021. However, in the event the Malaysian authorities subsequently take a position disallowing the PCAOB to inspect our auditor, then we would need to change our auditor to avoid having our securities delisted. Please see “Risk Factors- The Holding Foreign Companies Accountable Act requires the Public Company Accounting Oversight Board (PCAOB) to be permitted to inspect the issuer's public accounting firm within three years. This three-year period will be shortened to two years if the Accelerating Holding Foreign Companies Accountable Act is enacted. There are uncertainties under the PRC Securities Law relating to the procedures and requisite timing for the U.S. securities regulatory agencies to conduct investigations and collect evidence within the territory of the PRC. If the U.S. securities regulatory agencies are unable to conduct such investigations, they may suspend or de-register DH Enchantment, Inc.’s registration with the SEC and delist its securities from applicable trading market within the US.” set forth in the Annual Report.

	·	You may be subject to PRC income tax on dividends from us or on any gain realized on the transfer of shares of our common stock.

	·	We face uncertainties with respect to indirect transfers of equity interests in PRC resident enterprises by their non-PRC holding companies.

	·	DH Enchantment, Inc. is organized under the laws of the State of Nevada as a holding company that conducts its business through a number of subsidiaries organized under the laws of foreign jurisdictions such as Hong Kong and the British Virgin Islands. This may have an adverse impact on the ability of U.S. investors to enforce a judgment obtained in U.S. Courts against these entities, bring actions in Hong Kong against us or our management or to effect service of process on the officers and directors managing the foreign subsidiaries.

	·	U.S. regulatory bodies may be limited in their ability to conduct investigations or inspections of our operations in Hong Kong.

	·	There are significant uncertainties under the EIT Law relating to the withholding tax liabilities of PRC subsidiary, and dividends payable by a PRC subsidiary to offshore subsidiaries may not qualify to enjoy certain treaty benefits.

Transfers of Cash to and from Our Subsidiaries

DH Enchantment, Inc. is a Nevada holding company with no operations of its own. DH Enchantment, Inc. conducts its operations in Hong Kong primarily through HSY, DH Enchantment, Inc.’s subsidiary in Hong Kong. DH Enchantment, Inc. may rely on dividends to be paid by its Hong Kong subsidiary to fund its cash and financing requirements, including the funds necessary to pay dividends and other cash distributions to its shareholders, to service any debt it may incur and to pay its operating expenses. In order for DH Enchantment, Inc. to pay dividends to its shareholders, it will rely on payments made from its Hong Kong subsidiary to DH Enchantment, Inc. As of the date of this Quarterly Report, DH Enchantment, Inc. does not have bank accounts. There has been no dividends, distributions or any other cash flows or transfers of assets made among the holding company or the subsidiaries and no dividends, distributions or any other cash flows or transfers of assets made to U.S. investors. Please see our unaudited condensed consolidated financial statements in Item 1 of this Quarterly Report.

DH Enchantment, Inc. does not intend to make dividends or distributions to investors of DH Enchantment, Inc. in the foreseeable future.

We currently intend to retain all available funds and future earnings, if any, for the operation and expansion of our business and do not anticipate declaring or paying any dividends in the foreseeable future. Any future determination related to our dividend policy will be made at the discretion of our board of directors after considering our financial condition, results of operations, capital requirements, contractual requirements, business prospects and other factors the board of directors deems relevant, and subject to the restrictions contained in any future financing instruments.

DH Enchantment, Inc. (Nevada corporation)

Subject to the Nevada Revised Statutes and our bylaws, the board of directors of DH Enchantment, Inc. may authorize and declare a dividend to shareholders at such time and of such an amount as they think fit if they are satisfied, on reasonable grounds, that immediately following the dividend the value of the assets of DH Enchantment, Inc. will exceed its liabilities and it will be able to pay its debts as they become due. There is no further Nevada statutory restriction on the amount of funds which may be distributed by DH Enchantment, Inc.by dividend to its U.S. investors. DH Enchantment, Inc. is permitted under the Nevada laws to provide funding to its subsidiary in Hong Kong and the British Virgin Islands through loans or capital contributions without restrictions on the amount of the funds.

DH Investment Group Limited (British Virgin Islands)

DH Investment Group Limited is permitted under the laws of BVI to provide funding to and receive funding from DH Enchantment, Inc. and Ho Shun Yi Limited through dividend distributions or other payments of cash without restrictions on the amount of the funds. There are no BVI law restrictions on DH Investment Group’s ability to receive and provide funding from DH Enchantment Inc. and Ho Shun Yi Limited.

Ho Shun Yi Limited (Hong Kong)

Ho Shun Yi Limited is permitted under the laws of Hong Kong to provide funding to and receive funding from DH Enchantment, Inc. and DH Investment Group Limited through dividend distributions or other payments of cash without restrictions on the amount of the funds. If DH Enchantment, Inc.’s Hong Kong subsidiary incurs debt on its own behalf in the future, the instruments governing the debt may restrict its ability to pay dividends or make other distributions to us. There are no HK law restrictions on HSY’s ability to transfer cash to or receive cash from the BVI or Nevada entity in the event HSY incurs debt.

Under the current practice of the Inland Revenue Department of Hong Kong, no tax is payable in Hong Kong in respect of dividends paid by Ho Shun Yi. The laws and regulations of the PRC do not currently have any material impact on transfer of cash from DH Enchantment, Inc. to Ho Shun Yi Limited or from Ho Shun Yi Limited to DH Enchantment, Inc. There are no restrictions or limitation under the laws of Hong Kong imposed on the conversion of HK dollar into foreign currencies and the remittance of currencies out of Hong Kong or across borders and to U.S investors.

PRC Laws

There is a possibility that the PRC could prevent our cash maintained in Hong Kong from leaving or the PRC could restrict the deployment of the cash into our business or for the payment of dividends. Any such controls or restrictions may adversely affect our ability to finance our cash requirements, service debt or make dividend or other distributions to our shareholders. Please see “Risk Factors - Our Hong Kong subsidiary may be subject to restrictions on paying dividends or making other payments to us, which may restrict its ability to satisfy liquidity requirements, conduct business and pay dividends to holders of DH Enchantment, Inc.’s common stock.”; “Risk Factors - PRC regulation of loans to and direct investment in PRC entities by offshore holding companies and governmental control of currency conversion may delay or prevent us from using the proceeds we receive from offshore financing activities to make loans to or make additional capital contributions to our Hong Kong subsidiary, which could materially and adversely affect our liquidity and our ability to fund and expand business.”; “Risk Factors - Because our holding company structure creates restrictions on the payment of dividends or other cash payments, our ability to pay dividends or make other payments is limited.”

Current PRC regulations permit PRC subsidiaries to pay dividends to Hong Kong subsidiaries only out of their accumulated profits, if any, determined in accordance with Chinese accounting standards and regulations. In addition, each of our subsidiaries in China is required to set aside at least 10% of its after-tax profits each year, if any, to fund a statutory reserve until such reserve reaches 50% of its registered capital. Each of such entity in China is also required to further set aside a portion of its after-tax profits to fund the employee welfare fund, although the amount to be set aside, if any, is determined at the discretion of its board of directors. Although the statutory reserves can be used, among other ways, to increase the registered capital and eliminate future losses in excess of retained earnings of the respective companies, the reserve funds are not distributable as cash dividends except in the event of liquidation. As of the date of this prospectus, we do not have any PRC subsidiaries.

The PRC government also imposes controls on the conversion of RMB into foreign currencies and the remittance of currencies out of the PRC. Therefore, we may experience difficulties in completing the administrative procedures necessary to obtain and remit foreign currency for the payment of dividends from our profits, if any. Furthermore, if our subsidiaries in the PRC incur debt on their own in the future, the instruments governing the debt may restrict their ability to pay dividends or make other payments. If we or our subsidiaries are unable to receive all of the revenues from our operations, we may be unable to pay dividends on our common stock.

Cash dividends, if any, on our common stock will be paid in U.S. dollars. If we are considered a PRC tax resident enterprise for tax purposes, any dividends we pay to our overseas shareholders may be regarded as China-sourced income and as a result may be subject to PRC withholding tax at a rate of up to 10.0%.

If in the future we have PRC subsidiaries, certain payments from such PRC subsidiaries to Hong Kong subsidiaries will be subject to PRC taxes, including business taxes and VAT. As of the date of this prospectus, we do not have any PRC subsidiaries, and our Hong Kong subsidiary has not made any transfers, dividends or distributions to date. We do not expect our Hong Kong subsidiaries to make any such transfers, dividends or distributions in the foreseeable future.

Pursuant to the Arrangement between Mainland China and the Hong Kong Special Administrative Region for the Avoidance of Double Taxation and Tax Evasion on Income, or the Double Tax Avoidance Arrangement, the 10% withholding tax rate may be lowered to 5% if a Hong Kong resident enterprise owns no less than 25% of a PRC entity. However, the 5% withholding tax rate does not automatically apply and certain requirements must be satisfied, including, without limitation, that (a) the Hong Kong entity must be the beneficial owner of the relevant dividends; and (b) the Hong Kong entity must directly hold no less than 25% share ownership in the PRC entity during the 12 consecutive months preceding its receipt of the dividends. In current practice, a Hong Kong entity must obtain a tax resident certificate from the Hong Kong tax authority to apply for the 5% lower PRC withholding tax rate. As the Hong Kong tax authority will issue such a tax resident certificate on a case-by-case basis, we cannot assure you that we will be able to obtain the tax resident certificate from the relevant Hong Kong tax authority and enjoy the preferential withholding tax rate of 5% under the Double Taxation Arrangement with respect to dividends to be paid by a PRC subsidiary to its immediate holding company. As of the date of this prospectus, we do not have a PRC subsidiary. In the event that we acquire or form a PRC subsidiary in the future and such PRC subsidiary desires to declare and pay dividends to our Hong Kong subsidiary, our Hong Kong subsidiary will be required to apply for the tax resident certificate from the relevant Hong Kong tax authority. In such event, we plan to inform the investors through SEC filings, such as a current report on Form 8-K, prior to such actions. See “Risk Factors – Risk Factors Relating to Doing Business in Hong Kong.” set forth in the Annual Report.

We are at a development stage company and reported a net loss of $42,786 and $273,026 for the six months ended June 30, 2023 and 2022, respectively. We had current assets of $1,191 and current liabilities of $866,222 as of September 30, 2023. As of March 31, 2023, we had current assets of $15,220 and current liabilities of $837,080. We have prepared our unaudited condensed financial statements for the six months ended September 30, 2023 and 2022 assuming that we will continue as a going concern. Our continuation as a going concern is dependent upon improving our profitability and the continuing financial support from our stockholders. Our sources of capital in the past have included the sale of equity securities, which include common stock sold in private transactions and short-term and long-term debts.

Results of Operations.

Three Months Ended September 30, 2023 Compared to the Three Months Ended September 30, 2022

The following table sets forth selected financial information from our statements of comprehensive loss for the three months ended September 30, 2023 and 2022:

	For the Three Months Ended
	September 30,
	2023			2022
Revenue	$	103		$	4,835
Cost of Revenue		(103	)		(1,006	)
Other Operating Expenses		(15,939	)		(9,208	)
Other Expenses		(2,745	)		(2,664	)
Net Loss	$	(18,684	)	$	(8,043	)

Revenues

The Company generates revenues of $103 and $4,835 for the three months ended September 30, 2023 and 2022, respectively.

Cost of Revenues

Cost of revenues for the three months ended September 30, 2023 and 2022 was $103 and $1,006, respectively. For the three months ended September 30, 2023, certain inventory items on hand since 31 March 2023 were sold at cost due to the close expiration dates of the items.

Other Operating Expenses (“OPE”)

OPE for the three months ended September 30, 2023 and 2022, were $15,939 and $9,208, respectively. OPE for the three months ended September 30, 2023 and 2022 consisted primarily of general and administrative expenses of $624 and $3,884, and professional fee of $15,315 and $5,324, respectively. The increase in OPE in the three months ended September 30, 2023 was as a result of the under-provision of US compilation and SEC support fee for three months ended September 30, 2022.

Other Expenses

Other expenses for the three months ended September 30, 2023 and 2022, were $2,745 and $2,664, respectively. Other expenses for the three months ended September 30, 2023 consisted primarily of interest expenses of $2,746, net off by an interest income of $1. Other income for the three months ended September 30, 2022 consisted primarily of other income of $70, net off by an interest expense of $2,734.

Net Loss

As a result of the above factors, the Company incurred a net loss of $18,684 and $8,043 for the three months ended September 30, 2023 and 2022, respectively.

Six Months Ended September 30, 2023 Compared to the Six Months Ended September 30, 2022

The following table sets forth selected financial information from our statements of comprehensive loss for the six months ended September 30, 2023 and 2022:

	For the Six Months Ended
	September 30,
	2023			2022
Revenue	$	686		$	6,581
Cost of revenue		(1,092	)		(2,235	)
Sales and marketing expenses		–			(226,366	)
Other Operating Expenses		(36,923	)		(59,364	)
Other (Expenses) Income		(5,457	)		8,358
Net Income	$	(42,786	)	$	(273,026	)

Revenues

The Company generates revenues of $686 and $6,581 for the six months ended September 30, 2023 and 2022, respectively.

Cost of Revenues

Cost of revenues for the six months ended September 30, 2023 and 2022 was $1,092 and $2,235, respectively. For the six months ended September 30, 2023, certain inventory items on hand, since 31 March 2023 were sold at cost and below cost, due to the close expiration dates of the items. This has resulted in a gross loss for the 6 months ended September 30,2023.

Sales and marketing expenses

We incurred sales and marketing expenses of $0 and $226,366 for the six months ended September 30, 2023 and 2022, respectively. During the year ended March 31, 2022, we engaged with two consultants for expanding sale channels and developing marketing strategies, analyzing and evaluating consumer data services for a term of six months, with a compensation of 19,684,019 shares to be issued upon the completion of the service contracts. During the six months ended September 30, 2023, no consultants were engaged.

Other Operating Expenses (“OPE”)

OPE for the six months ended September 30, 2023 and 2022, were $36,923 and $59,364, respectively. OPE for the six months ended September 30, 2023 and 2022 consisted primarily of general and administrative expenses of $3,686 and $4,098 and professional fee of $33,237 and $55,266, respectively. The decrease in OPE was due to additional charges of US compilation and SEC support fee that were recorded for the six months ended September 30, 2022 and not incurred for the six months ended September 30, 2023.

Other (Expenses) Income

Other (expenses) income for the six months ended September 30, 2023 and 2022, were $(5,457) and $8,358, respectively. Other expenses for the six months ended September 30, 2023 consisted primarily of interest expenses of $5,461, net off by an interest income of $4. Other income for the six months ended September 30, 2022 consisted primarily of other income of $12,667, net off by an interest expense of $4,309. The decrease was mainly due to other income for the six months ending September 30, 2022 which did not recur in the six months ending September 30,2023. This other income for the six months ending September 30, 2022 related to an overprovision of expenses that was allocated to other income.

Net Loss

As a result of the above factors, the Company incurred a net loss of $42,786 and $273,026 for the six months ended September 30, 2023 and 2022, respectively.

Liquidity and Capital Resources

The following summarizes the key component of our cash flows for the six months ended September 30, 2023 and 2022.

	For the Six Months Ended
	September 30,
	2023			2022
Net cash used in operating activities	$	(62,903	)	$	(85,948	)
Net cash used in investing activity		–			–
Net cash provided by financing activities		50,173			17,939
Net decrease in cash and cash equivalents	$	(12,910	)	$	(69,935	)

Net cash used in operating activities was $62,903 for the six months ended June 30, 2023, compared to the net cash used in operating activities of $85,948 for the six months ended September 30, 2022. The decrease of $23,045 or 27% of net cash used in operating activities was primarily due to the decrease in net loss.

Net cash provided by financing activities was $50,173 and $17,939 for the six months period ended September 30, 2023 and 2022, respectively, representing an increase of 32,234 or 1,797%. The increase in net cash provided by financing activities was primarily attributable to an advance from a director during the six months period ended September 30, 2023.

Working Capital:

As of September 30, 2023 and March 31, 2023, we had cash and cash equivalent of $578 and $13,488, respectively. As of September 30, 2023 and March 31, 2023, we have incurred accumulated operating losses of $1,700,595 and $1,657,809 since inception. As of September 30, 2023 and March 31, 2023, we had working capital deficit of $865,031 and $821,860, respectively.

Going Concern

We require additional funding to meet its ongoing obligations and to fund anticipated operating losses. In our filing of the Form 10K for the financial year ended March 31, 2023, our auditor had expressed substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent on raising capital to fund its initial business plan and ultimately to attain profitable operations. These unaudited condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

We expect to incur professional and administrative expenses as well expenses associated with maintaining our filings with the Commission. We will require additional funds during this time and will seek to raise the necessary additional capital. If we are unable to obtain additional financing, we may be required to reduce the scope of our business development activities, which could harm our business plans, financial condition and operating results. Additional funding may not be available on favorable terms, if at all. We intend to continue to fund its business by way of equity or debt financing and advances from related parties. Any inability to raise capital as needed would have a material adverse effect on our business, financial condition and results of operations.

If we cannot raise additional funds, we will have to cease business operations. As a result, our common stock investors would lose all of their investment.

Basis of preparation

Our unaudited condensed financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis. The preparation of financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.

Use of estimates

The preparation of the unaudited condensed financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ materially from those estimates.

Income Taxes

We account for income taxes as outlined in ASC 740, “Income Taxes”. Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled.

Off-balance Sheet Arrangements

As of September 30, 2023, there were no off-balance sheet arrangements.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

As a “smaller reporting company”, we are not required to provide the information required by this Item.

Item 4. Controls and Procedures

Management’s Report on Disclosure Controls and Procedures

We carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of September 30, 2023. This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer, who is also our Chief Financial Officer. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of September 30, 2023, our disclosure controls and procedures were not effective due to the presence of material weaknesses in internal control over financial reporting.

A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis. Management has identified the following material weaknesses which have caused management to conclude that, as of September 30, 2023, our disclosure controls and procedures were not effective: (i) inadequate segregation of duties and effective risk assessment; and (ii) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines. These material weaknesses were identified by our Chief Executive Officer who also serves as our Chief Financial Officer in connection with the above evaluation. In the meantime, management has appointed external consultants to minimize the risk and ascertain compliance with requirements.

Changes in Internal Controls

There have been no changes in our internal controls over financial reporting identified in connection with the evaluation required by paragraph (d) of Securities Exchange Act Rule 13a-15 or Rule 15d-15 that occurred in the quarter ended September 30, 2023, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

From time to time, we may become involved in litigation relating to claims arising out of its operations in the normal course of business. We are not involved in any pending legal proceeding or litigation and, to the best of our knowledge, no governmental authority is contemplating any proceeding to which we are a party or to which any of our properties is subject, which would reasonably be likely to have a material adverse effect on us.

Item 1A. Risk Factors

As a “smaller reporting company”, we are not required to provide the information required by this Item.

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

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not Applicable.

Item 5. Other Information

None.

Item 6. Exhibits

(1)

Financial Statements

Financial Statements are included in Part II, Item 8 of this report.

(2)	Financial Statement Schedules

No financial statement schedules are included because such schedules are not applicable, are not required, or because required information is included in the financial statements or notes thereto.

(3)

Exhibits

Exhibit No.		Description
3.1		Articles of Incorporation (1)
3.2		Certificate of Designations of preferences and rights of Series B Convertible Preferred Stock (1)
3.3		Bylaws (1)
4.1		Specimen certificate evidencing shares of Common Stock (2)
4.2		Description of Securities (3)
10.1		Share Exchange Agreement dated July 26, 2021, by and among Energy Management International, Inc., DH Investment Group Limited, a British Virgin Island corporation, Sally Lo and Daily Success Development Ltd. (1)
21		Subsidiaries (1)
31.1		Certification of Chief Executive Officer and Chief Financial Officer Pursuant To Sarbanes-Oxley Section 302
32.1		Certification Pursuant To 18 U.S.C. Section 1350, as adopted to Section 906 of the Sarbanes-Oxley Act of 2002
99.1		Custodianship Records (1)
101.INS		Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)*
101.SCH		Inline XBRL Taxonomy Extension Schema Document*
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document*
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document*
101.LAB		Inline XBRL Taxonomy Extension Label Linkbase Document*
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document*
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)*

_________

*	Filed herewith

(1)	Incorporated by reference to the Exhibits of the Registration Statement on Form 10 filed with the United States Securities and Exchange Commission on August 4, 2021.
(2)	Incorporated by reference to the Exhibits of the Amendment No. 6 to the Registration Statement on Form 10 filed with the United States Securities and Exchange Commission on June 27, 2022.
(3)	Incorporated by reference to Item 11 of the Amendment No. 6 to the Registration Statement on Form 10 filed with the United States Securities and Exchange Commission on June 27, 2022.

SIGNATURES

Pursuant to the requirements 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.

	DH Enchantment, Inc.
	(Registrant)

Dated: November 20, 2023	/s/ Sally Kin Yi Lo
	Sally Kin Yi Lo
	Chief Executive Officer, Chief Financial Officer, Secretary and Director
	(Principal Executive Officer)

Exhibit 31.1

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

I, Sally Kin Yi Lo, certify that:

1. I have reviewed this quarterly report on Form 10-Q of DH Enchantment, 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. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

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

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

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

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

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

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

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

Date: November 20, 2023

/s/ Sally Kin Yi Lo
Sally Kin Yi Lo
Chief Executive Officer, Chief Financial Officer, Secretary and Director
(Principal Executive Officer and Principal Financial Officer)

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

The undersigned, Sally Kin Yi Lo, Chief Executive Officer, Chief Financial Officer and Secretary of DH Enchantment, Inc., hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) the quarterly report on Form 10-Q of DH Enchantment, Inc. for the period ended September 30, 2023 (the “Report”), fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of DH Enchantment, Inc.

Dated: November 20, 2023

/s/ Sally Kin Yi Lo
Sally Kin Yi Lo
Chief Executive Officer, Chief Financial Officer, Secretary and Director
(Principal Executive Officer and Principal Financial Officer)

Cover - shares	6 Months Ended
Cover - shares	Sep. 30, 2023	Nov. 03, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--03-31
Entity File Number	000-56322
Entity Registrant Name	DH ENCHANTMENT, INC.
Entity Central Index Key	0001300781
Entity Tax Identification Number	20-1415044
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	Unit A, 13/F
Entity Address, Address Line Two	Gee Luen Factory Building 5
Entity Address, Address Line Three	316-318 Kwun Tong Road
Entity Address, City or Town	Kowloon
Entity Address, Country	HK
Entity Address, Postal Zip Code	00000
City Area Code	852
Local Phone Number	2621 3288
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		831,310,013

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2023	Mar. 31, 2023
Current assets:
Cash and cash equivalents	$ 578	$ 13,488
Accounts receivable	0	32
Inventories	613	1,700
Total current assets	1,191	15,220
TOTAL ASSETS	1,191	15,220
Current liabilities:
Accrued liabilities and other payables	66,510	87,746
Accrued marketing expense	452,732	452,732
Amount due to a director	129,141	78,968
Promissory notes, director	84,282	84,077
Note payable, related party	133,557	133,557
Total current liabilities	866,222	837,080
TOTAL LIABILITIES	866,222	837,080
Commitments and contingencies
STOCKHOLDERS’ DEFICIT
Common stock, $0.001 par value; 4,400,000,000 shares authorized; 831,310,013 shares issued and outstanding as of September 30, 2023 and March 31, 2023, respectively	831,310	831,310
Accumulated other comprehensive loss	(2,086)	(1,701)
Accumulated deficit	(1,700,595)	(1,657,809)
Stockholders’ deficit	(865,031)	(821,860)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	1,191	15,220
Convertible Preferred Stock [Member]
STOCKHOLDERS’ DEFICIT
Preferred Stock, Value, Issued	0	0
Series A Preferred Stock [Member]
STOCKHOLDERS’ DEFICIT
Preferred Stock, Value, Issued	6,240	6,240
Series B Preferred Stock [Member]
STOCKHOLDERS’ DEFICIT
Preferred Stock, Value, Issued	$ 100	$ 100

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2023	Mar. 31, 2023
Common stock value per share	$ 0.001	$ 0.001
Common stock, shares authorized	4,400,000,000	4,400,000,000
Common stock shares, issued	831,310,013	831,310,013
Common stock shares, outstanding	831,310,013	831,310,013
Convertible Preferred Stock [Member]
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock shares, undesignated	35,000,000	35,000,000
Series A Preferred Stock [Member]
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock value per share	$ 0.002	$ 0.002
Preferred stock shares issued	3,120,001	3,120,001
Preferred stock shares, outstanding	3,120,001	3,120,001
Series B Preferred Stock [Member]
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock value per share	$ 0.001	$ 0.001
Preferred stock shares issued	100,000	100,000
Preferred stock shares, outstanding	100,000	100,000

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Revenue, net	$ 103	$ 4,835	$ 686	$ 6,581
Cost of revenue	(103)	(1,006)	(1,092)	(2,235)
Gross profit (loss)	0	3,829	(406)	4,346
Operating expenses:
Sales and marketing expenses	0	0	0	(226,366)
General and administrative expenses	(624)	(3,884)	(3,686)	(4,098)
Professional fee	(15,315)	(5,324)	(33,237)	(55,266)
Total operating expenses	(15,939)	(9,208)	(36,923)	(285,730)
LOSS FROM OPERATIONS	(15,939)	(5,379)	(37,329)	(281,384)
Other income (expense)
Sundry income	1	70	4	12,667
Interest expenses, related parties	(2,746)	(2,734)	(5,461)	(4,309)
Total other (expense) income	(2,745)	(2,664)	(5,457)	8,358
LOSS BEFORE INCOME TAXES	(18,684)	(8,043)	(42,786)	(273,026)
Income tax expense	0	0	0	0
NET LOSS	(18,684)	(8,043)	(42,786)	(273,026)
Other comprehensive loss:
– Foreign currency adjustment loss	(116)	(1,712)	(385)	(1,770)
COMPREHENSIVE LOSS	$ (18,800)	$ (9,755)	$ (43,171)	$ (274,796)
Weighted average common shares outstanding
– Basic	831,310,013	831,310,013	831,310,013	831,310,013
–Diluted	831,310,013	831,310,013	831,310,013	831,310,013

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Net loss per share, Basic	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
Net loss per share, Diluted	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net loss	$ (42,786)	$ (273,026)
Change in operating assets and liabilities:
Accounts receivable	32	5,570
Inventories	1,087	0
Accrued liabilities and other payables	(21,236)	181,508
Net cash used in operating activities	(62,903)	(85,948)
Cash flows from financing activities:
Advance from a director	50,173	10,296
Repayment of promissory notes, related parties	0	(49,678)
Proceeds from promissory notes, related parties	0	57,321
Net cash provided by financing activity	50,173	17,939
Foreign currency translation adjustment	(180)	(1,926)
Net change in cash and cash equivalents	(12,910)	(69,935)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	13,488	111,396
CASH AND CASH EQUIVALENTS, END OF PERIOD	578	41,461
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for income taxes	0	0
Cash paid for interest	$ 0	$ 0

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($)	Series A Preferred Stocks [Member]	Series B Preferred Stocks [Member]	Common Stock [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Mar. 31, 2022	$ 6,240	$ 100	$ 831,310	$ 64	$ (1,271,932)	$ (434,218)
Beginning balance, shares at Mar. 31, 2022	3,120,001	100,000	831,310,013
Foreign currency translation adjustment				(58)		(58)
Net loss for the period					(264,983)	(264,983)
Ending balance, value at Jun. 30, 2022	$ 6,240	$ 100	$ 831,310	6	(1,536,915)	(699,259)
Ending balance, shares at Jun. 30, 2022	3,120,001	100,000	831,310,013
Beginning balance, value at Mar. 31, 2022	$ 6,240	$ 100	$ 831,310	64	(1,271,932)	(434,218)
Beginning balance, shares at Mar. 31, 2022	3,120,001	100,000	831,310,013
Net loss for the period						(273,026)
Ending balance, value at Sep. 30, 2022	$ 6,240	$ 100	$ 831,310	(1,706)	(1,544,958)	(709,014)
Ending balance, shares at Sep. 30, 2022	3,120,001	100,000	831,310,013
Beginning balance, value at Jun. 30, 2022	$ 6,240	$ 100	$ 831,310	6	(1,536,915)	(699,259)
Beginning balance, shares at Jun. 30, 2022	3,120,001	100,000	831,310,013
Foreign currency translation adjustment				(1,712)		(1,712)
Net loss for the period					(8,043)	(8,043)
Ending balance, value at Sep. 30, 2022	$ 6,240	$ 100	$ 831,310	(1,706)	(1,544,958)	(709,014)
Ending balance, shares at Sep. 30, 2022	3,120,001	100,000	831,310,013
Beginning balance, value at Mar. 31, 2023	$ 6,240	$ 100	$ 831,310	(1,701)	(1,657,809)	(821,860)
Beginning balance, shares at Mar. 31, 2023	3,120,001	100,000	831,310,013
Foreign currency translation adjustment				(269)		(269)
Net loss for the period					(24,102)	(24,102)
Ending balance, value at Jun. 30, 2023	$ 6,240	$ 100	$ 831,310	(1,970)	(1,681,911)	(846,231)
Ending balance, shares at Jun. 30, 2023	3,120,001	100,000	831,310,013
Beginning balance, value at Mar. 31, 2023	$ 6,240	$ 100	$ 831,310	(1,701)	(1,657,809)	(821,860)
Beginning balance, shares at Mar. 31, 2023	3,120,001	100,000	831,310,013
Net loss for the period						(42,786)
Ending balance, value at Sep. 30, 2023	$ 6,240	$ 100	$ 831,310	(2,086)	(1,700,595)	(865,031)
Ending balance, shares at Sep. 30, 2023	3,120,001	100,000	831,310,013
Beginning balance, value at Jun. 30, 2023	$ 6,240	$ 100	$ 831,310	(1,970)	(1,681,911)	(846,231)
Beginning balance, shares at Jun. 30, 2023	3,120,001	100,000	831,310,013
Foreign currency translation adjustment				(116)		(116)
Net loss for the period					(18,684)	(18,684)
Ending balance, value at Sep. 30, 2023	$ 6,240	$ 100	$ 831,310	$ (2,086)	$ (1,700,595)	$ (865,031)
Ending balance, shares at Sep. 30, 2023	3,120,001	100,000	831,310,013

BASIS OF PRESENTATION

6 Months Ended

Sep. 30, 2023

Accounting Policies [Abstract]

BASIS OF PRESENTATION

NOTE－1 BASIS OF PRESENTATION

ORGANIZATION AND BUSINESS BACKGROUND

6 Months Ended

Sep. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

ORGANIZATION AND BUSINESS BACKGROUND

NOTE－2 ORGANIZATION AND BUSINESS BACKGROUND

Currently, the Company through its subsidiaries, is mainly engaged in the sale and distribution of COVID-19 rapid antigen tester sets.

Description of subsidiaries

Schedule of description of subsidiaries
Name	Place of incorporation and kind of legal entity	Principal activities and place of operation	Particulars of registered/ paid up share capital	Effective interest held

DH Investment Group Limited	British Virgin Islands	Investment holding	100 ordinary shares at par value of US$1	100%

Ho Shun Yi Limited	Hong Kong	Sale and distribution of COVID-19 rapid antigen tester set	10,000 ordinary shares for HK$10,000	100%

The Company and its subsidiaries are hereinafter referred to as (the “Company”).

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Sep. 30, 2023

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE－3 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

Use of estimates and assumptions

Basis of consolidation

Cash and cash equivalents

Revenue recognition

The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements:

·	identify the contract with a customer;
·	identify the performance obligations in the contract;
·	determine the transaction price;
·	allocate the transaction price to performance obligations in the contract; and
·	recognize revenue as the performance obligation is satisfied.

The Company derives its revenue from the sale of the rapid tester kits and from commissions earned in its role as an agent.

The Company’s revenues for the six months ended September 30, 2023 and 2022 are recognized at a point in time, for both its roles as principal and as agent.

Cost of revenue

Cost of revenue consists primarily of the cost of goods sold, which are directly attributable to the sales of products.

Income taxes

Uncertain tax positions

Foreign currencies translation

Translation of amounts from HKD into US$ has been made at the following exchange rates for the six months ended September 30, 2023 and 2022:

Schedule of translation rates
	September 30, 2023		September 30, 2022
Period-end HKD:US$ exchange rate		0.1277		0.1274
Average HKD:US$ exchange rate		0.1277		0.1274

Comprehensive income

Net loss per share

Stock based compensation

Related parties

The Company follows the ASC 850-10, “Related Party” for the identification of related parties and disclosure of related party transactions.

Commitments and contingencies

Fair value of financial instruments

Level 1		Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.

Level 2		Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.

Level 3		Pricing inputs that are generally observable inputs and not corroborated by market data.

The carrying amounts of the Company’s financial assets and liabilities, such as cash and cash equivalents, approximate their fair values because of the short maturity of these instruments.

Recent accounting pronouncements

–	Higher allowance on financial guarantee reserve and finance lease receivable levels and related deferred tax assets. While different asset types will be impacted differently, the expectation is that reserve levels will generally increase across the board for all financial firms.

–	Increased reserve levels may lead to a reduction in capital levels.

–	As a result of higher reserving levels, the expectation is that CECL will reduce cyclicality in financial firms’ results, as higher reserving in “good times” will mean that less dramatic reserve increases will be loan related income (which will continue to be recognized on a periodic basis based on the effective interest method) and the related credit losses (which will be recognized up front at origination). This will make periods of loan expansion seem less profitable due to the immediate recognition of expected credit losses. Periods of stable or declining loan levels will look comparatively profitable as the income trickles in for loans, where losses had been previously recognized.

GOING CONCERN UNCERTAINTIES

6 Months Ended

Sep. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

GOING CONCERN UNCERTAINTIES

NOTE－4 GOING CONCERN UNCERTAINTIES

AMOUNT DUE TO A DIRECTOR

6 Months Ended

Sep. 30, 2023

Amount Due To Director

AMOUNT DUE TO A DIRECTOR

NOTE－5 AMOUNT DUE TO A DIRECTOR

As of September 30, 2023, the amount due to a director represented temporary advances made by the Company’s director, Ms LO Kin Yi Sally, which was unsecured, interest-free and repayable on demand.

NOTE PAYABLE, RELATED PARTY

6 Months Ended

Sep. 30, 2023

Note Payable Related Party

NOTE PAYABLE, RELATED PARTY

NOTE－6 NOTE PAYABLE, RELATED PARTY

PROMISSORY NOTES, DIRECTOR

6 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

PROMISSORY NOTES, DIRECTOR

NOTE－7 PROMISSORY NOTES, DIRECTOR

STOCKHOLDERS’ DEFICIT

6 Months Ended

Sep. 30, 2023

Equity [Abstract]

STOCKHOLDERS’ DEFICIT

NOTE－8 STOCKHOLDERS’ DEFICIT

Authorized shares

A total of 35,000,000 shares of convertible preferred stock remain undesignated as of September 30, 2023 and March 31, 2023.

Series A Preferred Stock

Series B Preferred Stock

Issued and outstanding shares

As of September 30, 2023 and March 31, 2023, the Company had 3,120,001 shares of Series A preferred stock issued and outstanding, with a par value of $0.002.

As of September 30, 2023 and March 31, 2023, the Company had 100,000 shares of Series B preferred stock issued and outstanding, with a par value of $0.001.

As of September 30, 2023 and March 31 2023, the Company had 831,310,013 shares of common stock issued and outstanding, with a par value of $0.001.

NET LOSS PER SHARE

6 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

NET LOSS PER SHARE

NOTE－9 NET LOSS PER SHARE


	Six months ended September 30,
	2023			2022

Net loss attributable to common shareholders	$	(42,786	)	$	(273,026	)

Weighted average common shares outstanding
–Basic		831,310,013			831,310,013
–Diluted		831,310,013			831,310,013

Net loss per share
–Basic	$	(0.00	)	$	(0.00	)
–Diluted	$	(0.00	)	$	(0.00	)

# less than $0.001

INCOME TAX

6 Months Ended

Sep. 30, 2023

Income Tax Disclosure [Abstract]

INCOME TAX

NOTE－10 INCOME TAX

The provision for income taxes consisted of the following:

Schedule of provision for income taxes
		Six months ended September 30,
		2023		2022

Current tax	$	–	$	–
Deferred tax		–		–

Income tax expense	$	–	$	–

United States of America

As of September 30, 2023, the Company has U.S. federal operating loss carryforwards of $705,428 and deferred tax assets of $148,140, for which a full valuation allowance has been provided.

For the six months ended September 30, 2023 and 2022, there were no operating income.

BVI

DHIG is considered to be an exempted British Virgin Islands Company and is presently not subject to income taxes or income tax filing requirements in the British Virgin Islands or the United States.

The Company’s tax provision is zero for the six months ended September 30, 2023 and 2022.

Hong Kong


	Six months ended September 30,
	2023			2022

Loss before income taxes	$	(9,295	)	$	(16,737	)
Statutory income tax rate		16.5%			16.5%
Income tax expense at statutory rate		(1,534	)		(2,762	)
Tax effect of non-deductible items		354			339
Net operating loss		1,180			2,423
Income tax expense	$	–		$	–

The following table sets forth the significant components of the deferred tax assets of the Company as of September 30, 2023 and March 31, 2023:

Schedule of deferred tax assets
	September 30, 2023			March 31, 2023

Deferred tax assets:
Net operating loss carryforwards, from
United States tax regime	$	148,140		$	141,855
Hong Kong tax regime		24,171			22,991
		172,311			164,846
Less: valuation allowance		(172,311	)		(164,846	)
Deferred tax assets, net	$	–		$	–

RELATED PARTY TRANSACTIONS

6 Months Ended

Sep. 30, 2023

RELATED PARTY TRANSACTIONS

NOTE－11 RELATED PARTY TRANSACTIONS

CONCENTRATIONS OF RISK

6 Months Ended

Sep. 30, 2023

Risks and Uncertainties [Abstract]

CONCENTRATIONS OF RISK

NOTE－12 CONCENTRATIONS OF RISK

The Company is exposed to the following concentrations of risk:

(a) Major customers

Three months ended September 30, 2023

September 30, 2023

Customers

Revenues

Percentage
of revenues

Accounts
receivable

Customer B

103

100%

–

	Three months ended September 30, 2022				September 30, 2022
Customers	Revenues		Percentage of revenues		Accounts receivable

Customer A	$	2,124		44%	$	–
Customer B		950		20%		–

Total:	$	3,074		64%	$	–

	Six months ended September 30, 2023				September 30, 2023
Customers	Revenues		Percentage of revenues		Accounts receivable

Customer A	$	188		27%		–
Customer B		140		20%		–
Customer C		128		19%		–
Customer D		102		15%		–

Total:	$	558	$	81%	$	–

	Six months ended September 30, 2022				September 30, 2022
Customers	Revenues		Percentage of revenues		Accounts receivable

Customer A	$	2,124		32%	$	–
Customer B		2,117		32%		–

Total:	$	4,241		64%	$	–

All of the Company’s customers are located in Hong Kong.

(b)

Major vendor

For the three months ended September 30, 2023, no single vendor represented more than 10% of the Company’s purchase cost.

For the six months ended September 30, 2023, no single vendor represented more than 10% of the Company’s purchase cost.

Schedule of concentration risks	Six months ended September 30, 2022				September 30, 2022
Vendors	Purchase cost		Percentage of purchase cost		Accounts payable

Vendor A	$	1,630		73%	$	–
Vendor B		605		27%		–

Total:	$	2,235		100%	$	–

All of the Company’s vendors are located in Hong Kong.

(c)	Economic and political risk

(d)	Exchange rate risk

(e)	Liquidity risk

COMMITMENTS AND CONTINGENCIES

6 Months Ended

Sep. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE－13 COMMITMENTS AND CONTINGENCIES

As of September 30, 2023, the Company has no material commitments or contingencies.

SUBSEQUENT EVENTS

6 Months Ended

Sep. 30, 2023

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE－14 SUBSEQUENT EVENTS

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

6 Months Ended

Sep. 30, 2023

Accounting Policies [Abstract]

Basis of presentation

Use of estimates and assumptions

Basis of consolidation

Cash and cash equivalents

Revenue recognition

The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements:

·	identify the contract with a customer;
·	identify the performance obligations in the contract;
·	determine the transaction price;
·	allocate the transaction price to performance obligations in the contract; and
·	recognize revenue as the performance obligation is satisfied.

The Company derives its revenue from the sale of the rapid tester kits and from commissions earned in its role as an agent.

The Company’s revenues for the six months ended September 30, 2023 and 2022 are recognized at a point in time, for both its roles as principal and as agent.

Cost of revenue

Cost of revenue consists primarily of the cost of goods sold, which are directly attributable to the sales of products.

Income taxes

Uncertain tax positions

Foreign currencies translation

Translation of amounts from HKD into US$ has been made at the following exchange rates for the six months ended September 30, 2023 and 2022:

Schedule of translation rates
	September 30, 2023		September 30, 2022
Period-end HKD:US$ exchange rate		0.1277		0.1274
Average HKD:US$ exchange rate		0.1277		0.1274

Comprehensive income

Net loss per share

Stock based compensation

Related parties

The Company follows the ASC 850-10, “Related Party” for the identification of related parties and disclosure of related party transactions.

Fair value of financial instruments

Commitments and contingencies

Fair value of financial instruments

Level 1		Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.

Level 2		Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.

Level 3		Pricing inputs that are generally observable inputs and not corroborated by market data.

Fair Value of Financial Instruments, Policy [Policy Text Block]

The carrying amounts of the Company’s financial assets and liabilities, such as cash and cash equivalents, approximate their fair values because of the short maturity of these instruments.

Recent accounting pronouncements

–	Higher allowance on financial guarantee reserve and finance lease receivable levels and related deferred tax assets. While different asset types will be impacted differently, the expectation is that reserve levels will generally increase across the board for all financial firms.

–	Increased reserve levels may lead to a reduction in capital levels.

–	As a result of higher reserving levels, the expectation is that CECL will reduce cyclicality in financial firms’ results, as higher reserving in “good times” will mean that less dramatic reserve increases will be loan related income (which will continue to be recognized on a periodic basis based on the effective interest method) and the related credit losses (which will be recognized up front at origination). This will make periods of loan expansion seem less profitable due to the immediate recognition of expected credit losses. Periods of stable or declining loan levels will look comparatively profitable as the income trickles in for loans, where losses had been previously recognized.

ORGANIZATION AND BUSINESS BACKGROUND (Tables)

6 Months Ended

Sep. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of description of subsidiaries

Schedule of description of subsidiaries
Name	Place of incorporation and kind of legal entity	Principal activities and place of operation	Particulars of registered/ paid up share capital	Effective interest held

DH Investment Group Limited	British Virgin Islands	Investment holding	100 ordinary shares at par value of US$1	100%

Ho Shun Yi Limited	Hong Kong	Sale and distribution of COVID-19 rapid antigen tester set	10,000 ordinary shares for HK$10,000	100%

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Sep. 30, 2023

Accounting Policies [Abstract]

Schedule of translation rates

Schedule of translation rates
	September 30, 2023		September 30, 2022
Period-end HKD:US$ exchange rate		0.1277		0.1274
Average HKD:US$ exchange rate		0.1277		0.1274

NET LOSS PER SHARE (Tables)

6 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of computation of net loss per share


	Six months ended September 30,
	2023			2022

Net loss attributable to common shareholders	$	(42,786	)	$	(273,026	)

Weighted average common shares outstanding
–Basic		831,310,013			831,310,013
–Diluted		831,310,013			831,310,013

Net loss per share
–Basic	$	(0.00	)	$	(0.00	)
–Diluted	$	(0.00	)	$	(0.00	)

INCOME TAX (Tables)

6 Months Ended

Sep. 30, 2023

Income Tax Disclosure [Abstract]

Schedule of provision for income taxes

Schedule of provision for income taxes
		Six months ended September 30,
		2023		2022

Current tax	$	–	$	–
Deferred tax		–		–

Income tax expense	$	–	$	–

Schedule of reconciliation of income tax rate


	Six months ended September 30,
	2023			2022

Loss before income taxes	$	(9,295	)	$	(16,737	)
Statutory income tax rate		16.5%			16.5%
Income tax expense at statutory rate		(1,534	)		(2,762	)
Tax effect of non-deductible items		354			339
Net operating loss		1,180			2,423
Income tax expense	$	–		$	–

Schedule of deferred tax assets

Schedule of deferred tax assets
	September 30, 2023			March 31, 2023

Deferred tax assets:
Net operating loss carryforwards, from
United States tax regime	$	148,140		$	141,855
Hong Kong tax regime		24,171			22,991
		172,311			164,846
Less: valuation allowance		(172,311	)		(164,846	)
Deferred tax assets, net	$	–		$	–

CONCENTRATIONS OF RISK (Tables)

6 Months Ended

Sep. 30, 2023

Major Vendors [Member]

Schedule of concentration risks

Schedule of concentration risks	Six months ended September 30, 2022				September 30, 2022
Vendors	Purchase cost		Percentage of purchase cost		Accounts payable

Vendor A	$	1,630		73%	$	–
Vendor B		605		27%		–

Total:	$	2,235		100%	$	–

Major Customers [Member]

Schedule of concentration risks

Three months ended September 30, 2023

September 30, 2023

Customers

Revenues

Percentage
of revenues

Accounts
receivable

Customer B

103

100%

–

	Three months ended September 30, 2022				September 30, 2022
Customers	Revenues		Percentage of revenues		Accounts receivable

Customer A	$	2,124		44%	$	–
Customer B		950		20%		–

Total:	$	3,074		64%	$	–

	Six months ended September 30, 2023				September 30, 2023
Customers	Revenues		Percentage of revenues		Accounts receivable

Customer A	$	188		27%		–
Customer B		140		20%		–
Customer C		128		19%		–
Customer D		102		15%		–

Total:	$	558	$	81%	$	–

	Six months ended September 30, 2022				September 30, 2022
Customers	Revenues		Percentage of revenues		Accounts receivable

Customer A	$	2,124		32%	$	–
Customer B		2,117		32%		–

Total:	$	4,241		64%	$	–

ORGANIZATION AND BUSINESS BACKGROUND (Details)	6 Months Ended
ORGANIZATION AND BUSINESS BACKGROUND (Details)	Sep. 30, 2023
D H Investment Group Limited [Member]
Name of subsidiary	DH Investment Group Limited
Place of incorporation	British Virgin Islands
Principal activities	Investment holding
Share capital	100 ordinary shares at par value of US$1
Ownership percentage	100.00%
Ho Shun Yi Limited [Member]
Name of subsidiary	Ho Shun Yi Limited
Place of incorporation	Hong Kong
Principal activities	Sale and distribution of COVID-19 rapid antigen tester set
Share capital	10,000 ordinary shares for HK$10,000
Ownership percentage	100.00%

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Hong Kong, Dollars	Sep. 30, 2023	Jun. 30, 2022
Period End [Member]
Intercompany Foreign Currency Balance [Line Items]
Translation rate	0.1277	0.1274
Average [Member]
Intercompany Foreign Currency Balance [Line Items]
Translation rate	0.1277	0.1274

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	Sep. 30, 2023	Sep. 30, 2022
Accounting Policies [Abstract]
Uncertain tax positions	$ 0	$ 0

GOING CONCERN UNCERTAINTIES (Details Narrative) - USD ($)	3 Months Ended				6 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net Income (Loss) Attributable to Parent	$ 18,684	$ 24,102	$ 8,043	$ 264,983	$ 42,786	$ 273,026
[custom:WorkingCapital-0]	$ 865,031				$ 865,031

NOTE PAYABLE, RELATED PARTY (Details Narrative)	Aug. 31, 2021 USD ($)
Loan Agreement [Member] \| Daily Success Development Limited [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Principal amount	$ 133,557

PROMISSORY NOTES, DIRECTOR (Details Narrative) - Sally Kin Yi [Member] - Promissory Notes [Member] - USD ($)	6 Months Ended
	Sep. 30, 2023	May 04, 2024	Aug. 23, 2023
Debt Instrument [Line Items]
Proceeds from Related Party Debt	$ 84,282
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Balloon payment to be made		$ 26,796	$ 57,420

STOCKHOLDERS’ DEFICIT (Details Narrative) - $ / shares	Sep. 30, 2023	Mar. 31, 2023
Class of Stock [Line Items]
Common stock, shares authorized	4,400,000,000	4,400,000,000
Common stock value per share	$ 0.001	$ 0.001
Common stock, shares, issued	831,310,013	831,310,013
Common stock, shares, outstanding	831,310,013	831,310,013
Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock shares, undesignated	35,000,000	35,000,000
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	3,120,001	3,120,001
Preferred stock, shares outstanding	3,120,001	3,120,001
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	100,000	100,000
Preferred stock, shares outstanding	100,000	100,000

NET LOSS PER SHARE (Details) - USD ($)	3 Months Ended				6 Months Ended
NET LOSS PER SHARE (Details) - USD ($)	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Earnings Per Share [Abstract]
Net loss attributable to common shareholders	$ (18,684)	$ (24,102)	$ (8,043)	$ (264,983)	$ (42,786)	$ (273,026)
Weighted average common shares outstanding
–Basic	831,310,013		831,310,013		831,310,013	831,310,013
–Diluted	831,310,013		831,310,013		831,310,013	831,310,013
Net loss per share
–Basic	$ (0.00)		$ (0.00)		$ (0.00)	$ (0.00)
–Diluted	$ (0.00)		$ (0.00)		$ (0.00)	$ (0.00)

INCOME TAX (Details - Provision for income taxes) - USD ($)	6 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Current tax	$ 0	$ 0
Deferred tax	0	0
Income tax expense	$ 0	$ 0

INCOME TAX (Details - Reconciliation of income tax rate) - USD ($)	6 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Loss before income taxes	$ (9,295)	$ (16,737)
Statutory income tax rate	16.50%	16.50%
Income tax expense at statutory rate	$ (1,534)	$ (2,762)
Tax effect of non-deductible items	354	339
Net operating loss	1,180	2,423
Income tax expense	$ 0	$ 0

INCOME TAX (Details - Components of deferred tax assets) - USD ($)	Sep. 30, 2023	Mar. 31, 2023
Deferred tax assets:
Deferred tax assets, gross	$ 172,311	$ 164,846
Less: valuation allowance	(172,311)	(164,846)
Deferred tax assets, net	0	0
UNITED STATES
Deferred tax assets:
Deferred tax assets, gross	148,140	141,855
HONG KONG
Deferred tax assets:
Deferred tax assets, gross	$ 24,171	$ 22,991

INCOME TAX (Details Narrative) - USD ($)	6 Months Ended
INCOME TAX (Details Narrative) - USD ($)	Sep. 30, 2023	Sep. 30, 2022	Mar. 31, 2023
Operating Loss Carryforwards [Line Items]
Deferred tax assets, gross	$ 172,311		$ 164,846
UNITED STATES
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	705,428
Deferred tax assets, gross	148,140		141,855
Operating income	0	$ 0
HONG KONG
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	146,488
Deferred tax assets, gross	$ 24,171		$ 22,991

RELATED PARTY TRANSACTIONS (Details Narrative)	6 Months Ended
RELATED PARTY TRANSACTIONS (Details Narrative)	Sep. 30, 2023 USD ($)
Shareholder Note Payable [Member]
Related Party Transaction [Line Items]
Accrued interest expense	$ 3,348
Notes payable, related parties	$ 133,557
Interest rate	5.00%
Sally Kin Yi L O [Member]
Related Party Transaction [Line Items]
Accrued interest expense	$ 672
Notes payable, related parties	$ 26,796
Interest rate	5.00%
Maturity date	May 04, 2024
Sally Kin Yi L O [Member] \| Promissory Notes [Member]
Related Party Transaction [Line Items]
Accrued interest expense	$ 1,440
Notes payable, related parties	$ 57,420
Interest rate	5.00%
Maturity date	Aug. 23, 2024

CONCENTRATIONS OF RISK (Details) - USD ($)	3 Months Ended		6 Months Ended
CONCENTRATIONS OF RISK (Details) - USD ($)	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Concentration Risk [Line Items]
Revenues	$ 103	$ 4,835	$ 686	$ 6,581
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Customer B [Member]
Concentration Risk [Line Items]
Revenues	$ 103	$ 950	$ 140	$ 2,117
Concentration risk, percentage	100.00%	20.00%	20.00%	32.00%
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Customer A [Member]
Concentration Risk [Line Items]
Revenues		$ 2,124	$ 188	$ 2,124
Concentration risk, percentage		44.00%	27.00%	32.00%
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Major Customers [Member]
Concentration Risk [Line Items]
Revenues		$ 3,074	$ 558	$ 4,241
Concentration risk, percentage		64.00%	81.00%	64.00%
Accounts receivable	$ 0	$ 0	$ 0	$ 0
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Customer C [Member]
Concentration Risk [Line Items]
Revenues			$ 128
Concentration risk, percentage			19.00%
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Customer D [Member]
Concentration Risk [Line Items]
Revenues			$ 102
Concentration risk, percentage			15.00%
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Customer B [Member]
Concentration Risk [Line Items]
Accounts receivable	0	0	$ 0	0
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Customer A [Member]
Concentration Risk [Line Items]
Accounts receivable	0	$ 0	0	$ 0
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Customer C [Member]
Concentration Risk [Line Items]
Accounts receivable	0		0
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Customer D [Member]
Concentration Risk [Line Items]
Accounts receivable	$ 0		$ 0

CONCENTRATIONS OF RISK (Details 1) - Cost of Goods and Service Benchmark [Member] - Product Concentration Risk [Member]	3 Months Ended	6 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2022 USD ($)
Vendor A [Member]
Concentration Risk [Line Items]
Purchases		$ 1,630
Concentration risk, percentage		73.00%
Accounts payable	$ 0	$ 0
Vendor B [Member]
Concentration Risk [Line Items]
Purchases		$ 605
Concentration risk, percentage		27.00%
Accounts payable	0	$ 0
Major Vendors [Member]
Concentration Risk [Line Items]
Purchases	1,006	$ 2,235
Concentration risk, percentage		100.00%
Accounts payable	$ 0	$ 0

CONCENTRATIONS OF RISK (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended
CONCENTRATIONS OF RISK (Details Narrative) - USD ($)	Sep. 30, 2022	Sep. 30, 2022
Cost of Goods and Service Benchmark [Member] \| Product Concentration Risk [Member] \| Major Vendors [Member]
Concentration Risk [Line Items]
Purchases	$ 1,006	$ 2,235