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AIS Holdings Group, Inc. – ‘10-K’ for 3/31/20 – ‘EX-101.INS’

On:  Tuesday, 6/16/20, at 11:12am ET   ·   For:  3/31/20   ·   Accession #:  1599916-20-66   ·   File #:  0-55769

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/16/20  AIS Holdings Group, Inc.          10-K        3/31/20   39:1.3M                                   DeNunzio Jeffrey

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML    236K 
 2: EX-31       Certification -- §302 - SOA'02                      HTML     20K 
 3: EX-32       Certification -- §906 - SOA'02                      HTML     16K 
20: R1          Document and Entity Information                     HTML     55K 
35: R2          Consolidated Balance Sheets (Audited)               HTML     77K 
29: R3          Balance Sheets (Parenthetical)                      HTML     31K 
14: R4          Consolidated Statements of Operations and           HTML     69K 
                Comprehensive Loss (Audited)                                     
22: R5          Consolidated Statement of Shareholders Deficit      HTML     32K 
                (Audited)                                                        
36: R6          Consolidated Statements of Cash Flows (Audited)     HTML     64K 
30: R7          Note 1 - Organization and Description of Business   HTML     19K 
11: R8          Note 2 - Summary of Significant Accounting          HTML     42K 
                Policies                                                         
24: R9          Note 3 - Going Concern                              HTML     17K 
10: R10         Note 4 - Accrued Expenses                           HTML     15K 
23: R11         Note 5 - Income Taxes                               HTML     25K 
33: R12         Note 6 - Shareholder Equity                         HTML     19K 
31: R13         Note 7 - Related Party Transactions                 HTML     20K 
12: R14         Note 8 - Software                                   HTML     28K 
25: R15         NOTE 9 - Concentration                              HTML     16K 
34: R16         Note 10 - Contingencies                             HTML     17K 
32: R17         Note 11 - Subsequent Events                         HTML     16K 
13: R18         Significant Accounting Policies (Policies)          HTML     83K 
21: R19         Foreign currency translation (Tables)               HTML     17K 
38: R20         Income Taxes (Tables)                               HTML     20K 
27: R21         Software (Tables)                                   HTML     26K 
15: R22         Accrued Expenses (Details)                          HTML     15K 
17: R23         Cumulative net operating loss carry forward         HTML     14K 
                (Details)                                                        
39: R24         Additional paid-in capital (Details)                HTML     14K 
28: R25         Due to related party (Details)                      HTML     16K 
16: R26         Amortization expense for software assets (Details)  HTML     16K 
18: R27         Concentration (Details)                             HTML     15K 
26: XML         IDEA XML File -- Filing Summary                      XML     62K 
19: EXCEL       IDEA Workbook of Financial Reports                  XLSX     32K 
 4: EX-101.INS  XBRL Instance -- aisholdings-20200331                XML    242K 
 6: EX-101.CAL  XBRL Calculations -- aisholdings-20200331_cal        XML     37K 
 7: EX-101.DEF  XBRL Definitions -- aisholdings-20200331_def         XML     50K 
 8: EX-101.LAB  XBRL Labels -- aisholdings-20200331_lab              XML    289K 
 9: EX-101.PRE  XBRL Presentations -- aisholdings-20200331_pre       XML    194K 
 5: EX-101.SCH  XBRL Schema -- aisholdings-20200331                  XSD     63K 
37: ZIP         XBRL Zipped Folder -- 0001599916-20-000066-xbrl      Zip     42K 


‘EX-101.INS’   —   XBRL Instance — aisholdings-20200331


This Exhibit is an XBRL XML File.


                                                                                                                                                                                
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">AIS Holdings Group, Inc., a Delaware corporation (“the Company”) was incorporated under the laws of the State of Delaware on January 30, 2017 with the name Superb Acquisition, Inc. On June 20, 2017, we changed our name to AIS Holdings Group, Inc.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 1, 2018 the Company entered into an agreement with Trend Rich Global Limited to lease the Company’s Software System package. The Software System Package is source code that can be expanded upon to create custom websites for clients in the digital currency industry.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On August 16, 2018, AIS Japan entered into a Software Development Agreement with Herol Gaibin, whereas Herol Gaibin will improve upon the Company’s existing Software Platform Package which is owned by AIS Japan. The fee to further develop the software is in amount of 5,000,000 JPY (approximately $45,000).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our principal executive offices are located at 2-41-7-336, Shinsakae Naka-ku Nagoya-shi, Aichi, 460-0007, Japan.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has elected March 31st as its fiscal year end.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b></b></p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="text-transform: uppercase"><b>NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Principles of Consolidations</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Basis of Presentation</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This summary of significant accounting policies is presented to assist in understanding the Company's financial statements. These accounting policies conform to accounting principles, generally accepted in the United States of America, and have been consistently applied in the preparation of the financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Use of Estimates</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. In the opinion of management, all adjustments necessary in order to make the financial statements not misleading have been included. Actual results could differ from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Related party transaction </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A related party is generally defined as (i) any person that holds 10% or more of the Company’s securities and their immediate families, (ii) the Company’s management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. The Company conducts business with its related parties in the ordinary course of business.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Transactions involving related parties cannot be presumed to be carried out on an arm's-length basis, as the requisite conditions of competitive, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm's-length transactions unless such representations can be substantiated.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Cash and Cash Equivalents</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Property, Plant and Equipment</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Property, plant and equipment are stated at cost less depreciation and impairment loss. The initial cost of the assets comprises its purchase price and any directly attributable costs of bringing the asset to its working condition and location for its intended use. Depreciation is calculated using the straight-line method over the shorter of the estimated useful life of the respective assets as follows: computer software developed or acquired for internal use, 2 to 5 years; computer equipment, 2 to 5 years; buildings and improvements, 5 to 15 years; leasehold improvements, 2 to 10 years; and furniture and equipment, 1 to 5 years.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Significant improvements are capitalized when it is probable that the expenditure resulted in an increase in the future economic benefits expected to be obtained from the use of the asset beyond its originally assessed standard of performance. When improvements are made to real property and those improvements are permanently affixed to the property, the title to those improvements automatically transfers to the owner of the property. The lessee’s interest in the improvements is not a direct ownership interest but rather it is an intangible right to use and benefit from the improvements during the term of the lease. The Company uses the straight-line method over the shorter of the estimated useful life of the asset or the lease term.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In accordance with ASC Topic 360, the Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable, or at least annually. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset’s estimated fair value and its book value. For the period ended March 31, 2020 and 2019 the Company did not record any impairment charges on long-lived assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Routine repairs and maintenance are expensed when incurred. Gains and losses on disposal of fixed assets are recognized in the income statement based on the net disposal proceeds less the carrying amount of the assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Revenue Recognition</b> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recognizes revenue by applying the following steps in accordance with Accounting Standards Codification (“ASC”) Topic 606 - Revenue from contracts with Customers: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. The Company signed a technology license agreement with a third party at $8,000 per month which was first recognized during the year ended March 31, 2020.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Accounts Receivable and Allowance</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Accounts receivable are recognized and carried at the original invoice amount less allowance for any uncollectible amounts. An estimate for doubtful accounts is made when collection of the full amount is no longer probable. Bad debts are written off against the allowance when identified.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Foreign currency translation </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company maintains its books and record in its local currency, Japanese YEN (“JPY”), which is a functional currency as being the primary currency of the economic environment in which its operation is conducted. 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 statements of operations. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The reporting currency of the Company is the United States Dollars (“US$”) and the accompanying consolidated financial statements have been expressed in US$. In accordance with ASC Topic 830-30, “Translation of Financial Statement”, assets and liabilities of the Company whose functional currency is not US$ are translated into US$, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. Shareholders’ equity is translated at historical exchange rate at the time of transaction. The gains and losses resulting from translation of financial statements are recorded as a separate component of accumulated other comprehensive income within the statements of shareholders’ equity.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Translation of amounts from the local currency of the Company into US$1 has been made at the following exchange rates:</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 50%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; width: 25%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">March 31, 2020</font></td> <td style="border-bottom: black 1pt solid; width: 25%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">March 31, 2019</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Current JPY: US$1 exchange rate</font></td> <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">107.53</font></td> <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">110.84</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Average JPY: US$1 exchange rate</font></td> <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">108.73</font></td> <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">110.90</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Comprehensive income or loss</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC Topic 220, “Comprehensive Income”, establishes standards for reporting and display of comprehensive income or loss, its components and accumulated balances. Comprehensive income or loss as defined includes all changes in equity during a period from non-owner sources. Accumulated comprehensive income, as presented in the accompanying consolidated statements of shareholders’ equity consists of changes in unrealized gains and losses on foreign currency translation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Income Taxes</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for income taxes under ASC 740, “<i>Income Taxes</i>.”  Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs.  A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized at March 31, 2020 and 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Basic Earnings (Loss) Per Share</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company computes basic and diluted earnings (loss) per share in accordance with ASC Topic 260, <i>Earnings per Share</i>. Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the reporting period. Diluted earnings (loss) per share reflects the potential dilution that could occur if stock options and other commitments to issue common stock were exercised or equity awards vest resulting in the issuance of common stock that could share in the earnings of the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company does not have any potentially dilutive instruments as of March 31, 2020 and 2019 and, thus, anti-dilution issues are not applicable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Fair Value of Financial Instruments</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC 820, <i>Fair Value Measurements and Disclosures</i>, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">- Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">- Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">- Level 3 - Inputs that are both significant to the fair value measurement and unobservable. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of March 31, 2020. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accrued expenses.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Recently Issued Accounting Pronouncements</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 18, 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”) as part of its overall simplification initiative to reduce costs and complexity of applying accounting standards. ASU 2019-12 removes certain exceptions from Topic 740, Income Taxes, including (i) the exception to the incremental approach for intra period tax allocation; (ii) the exception to accounting for basis differences when there are ownership changes in foreign investments; and (iii) the exception in interim period income tax accounting for year-to-date losses that exceed anticipated losses. ASU 2019-12 also simplifies GAAP in several other areas of Topic 740 such as (i) franchise taxes and other taxes partially based on income; (ii) transactions with a government that result in a step up in the tax basis of goodwill; (iii) separate financial statements of entities not subject to tax; and (iv) enacted changes in tax laws in interim periods. ASU 2019-12 is effective for annual reporting periods and interim periods within those years beginning after December 15, 2020, and early adoption is permitted. The Company is currently evaluating the impact of adopting ASU 2019-12 on its consolidated financial statements and related disclosures.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)” and issued subsequent amendments to the initial guidance or implementation guidance including ASU 2017-13, 2018-01, 2018-10, 2018-11, 2018-20 and 2019-01 (collectively, including ASU 2016-02, “ASC 842”). Under ASC 842, lessees will be required to recognize all leases at the commencement date including a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use (ROU) asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The standard will be effective for the Company beginning April 1, 2020, with early adoption permitted. The Company will adopt the standard on April 1, 2020 on a modified retrospective basis and will not restate comparable periods. The Company will elect the package of practical expedients permitted under the transition guidance, which allows the Company to carry forward the historical lease classification, the assessment whether a contract is or contains a lease and initial direct costs for any leases that exist prior to adoption of the new standard. The Company will also elect the practical expedient not to separate lease and non-lease components for certain classes of underlying assets and the short-term lease exemption for contracts with lease terms of 12 months or less. The Company anticipates this standard will have no material impact on the Company’s consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
</us-gaap:SignificantAccountingPoliciesTextBlock>
<aisholdings:GoingConcernTextBlock contextRef="From2019-04-01to2020-03-31">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="text-transform: uppercase"><b>NOTE 3 - GOING CONCERN</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company demonstrates adverse conditions that raise substantial doubt about the Company's ability to continue as a going concern for one year following the issuance of these financial statements. These adverse conditions are negative financial trends, specifically operating loss, working capital deficiency, and other adverse key financial ratios.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has not established any source of revenue to cover its operating costs. Management plans to fund operating expenses with related party contributions to capital. There is no assurance that management's plan will be successful.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event that the Company cannot continue as a going concern.</p>
</aisholdings:GoingConcernTextBlock>
<us-gaap:IncomeTaxDisclosureTextBlock contextRef="From2019-04-01to2020-03-31">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="text-transform: uppercase"><b>NOTE 5 - INCOME TAXES</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company conducts its major businesses in Japan and is subject to tax in this jurisdiction. As a result of its business activities, the Company files tax returns that are subject to examination by the local tax authority.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">National income tax in Japan is charged at 21% of a company’s assessable profit. The Company’s subsidiary, AIS Japan, was incorporated in Japan and is subject to Japanese national income tax and city income tax at the applicable tax rates on the taxable income as reported in their Japanese statutory accounts in accordance with the relevant enterprises income tax laws applicable to foreign enterprises.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company, which acts as a holding company on a non-consolidated basis, does not plan to engage any business activities and current or future loss will be fully allowed. For the year ended March 31, 2020, the Company, as a holding company registered in the state of Delaware, has incurred net losses and, therefore, has no tax liability. The net deferred tax asset generated by the loss carry forward has been fully reserved. The cumulative net operating loss carry forward is approximately $46,852 as of March 31, 2020 and will expire beginning in the year 2039. Annual use of the net operating loss may be limited by Internal Revenue Code Section 382 due to an ownership change.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has not recognized an income tax benefit for its operating losses generated based on uncertainties concerning its ability to generate taxable income in future periods. The tax benefit for the period presented is offset by a valuation allowance established against deferred tax assets arising from the net operating losses, the realization of which could not be considered more likely than not. In future periods, tax benefits and related deferred tax assets will be recognized when management considers realization of such amounts to be more likely than not. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carryforwards for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carryforwards may be limited as to use in future years.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td colspan="5" style="border-bottom: black 1pt solid; text-align: center"><font style="font-size: 10pt">March 31,</font></td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center"><font style="font-size: 10pt">2020</font></td> <td style="text-align: right"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center"><font style="font-size: 10pt">2019</font></td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 56%; text-align: justify"><font style="font-size: 10pt">Deferred tax asset, generated from net operating loss at statutory rates</font></td> <td style="width: 0%; text-align: right"> </td> <td style="width: 1%; text-align: right"><font style="font-size: 10pt">$</font></td> <td style="width: 17%; text-align: right"><font style="font-size: 10pt">18,555</font></td> <td style="width: 5%; text-align: right"> </td> <td style="width: 2%; text-align: right"><font style="font-size: 10pt">$</font></td> <td style="width: 15%; text-align: right"><font style="font-size: 10pt">12,155</font></td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify"><font style="font-size: 10pt">Valuation allowance</font></td> <td style="text-align: right"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><font style="font-size: 10pt"> (18,555)</font></td> <td style="text-align: right"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><font style="font-size: 10pt">(12,1556)</font></td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">- </font></td> <td style="text-align: right"> </td> <td style="text-align: right"><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td style="text-align: right"> </td></tr> </table> <p style="font: 10pt/10.5pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt/10.5pt Times New Roman, Times, Serif; margin: 0">The reconciliation of the effective income tax rate to the federal statutory rate is as follows:</p> <p style="font: 10pt/10.5pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; background-color: white"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 60%"><font style="font-size: 10pt">Federal income tax rate</font></td> <td style="width: 2%"> </td> <td style="width: 33%; text-align: right"><font style="font-size: 10pt">21.0</font></td> <td style="white-space: nowrap; width: 5%"><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom"> <td><font style="font-size: 10pt">Increase in valuation allowance</font></td> <td> </td> <td style="text-align: right"><font style="font-size: 10pt">(21.0</font></td> <td style="white-space: nowrap"><font style="font-size: 10pt">%)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Effective income tax rate</font></td> <td> </td> <td style="text-align: right"><font style="font-size: 10pt">0.0</font></td> <td style="white-space: nowrap"><font style="font-size: 10pt">%</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
</us-gaap:IncomeTaxDisclosureTextBlock>
<us-gaap:SubsequentEventsTextBlock contextRef="From2019-04-01to2020-03-31">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 11 – SUBSEQUENT EVENTS</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">None.</p>
</us-gaap:SubsequentEventsTextBlock>
<us-gaap:ResearchDevelopmentAndComputerSoftwareDisclosureTextBlock contextRef="From2019-04-01to2020-03-31">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 8 - SOFTWARE</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Effective February 28, 2018, AIS Japan purchased the basic software for cryptocurrency trading platform (“Cryptocurrency System”) from Herol Gaibin in amount of 2,000,000 JPY (approximately $18,000). AIS Japan intends to provide the IT development service focused on financial technology field throughout Japan by using the Cryptocurrency System. The useful life of Cryptocurrency System is three years.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table presents details of our purchased software assets as of March 31, 2020 and 2019:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="width: 21%; padding-right: 4.95pt; padding-left: 4.95pt"><font style="font: 10pt Tahoma, Helvetica, Sans-Serif"></font></td> <td style="width: 2%; padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="width: 10%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><font style="font-size: 10pt"><b>Balance at </b></font></td> <td style="width: 2%; padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td rowspan="2" style="border-bottom: black 1pt solid; width: 8%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><font style="font-size: 10pt"><b>Additions</b></font></td> <td style="width: 2%; padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td rowspan="2" style="border-bottom: black 1pt solid; width: 11%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><font style="font-size: 10pt"><b>Impairments</b></font></td> <td style="width: 2%; padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td rowspan="2" style="border-bottom: black 1pt solid; width: 11%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><font style="font-size: 10pt"><b>Amortization</b></font></td> <td style="width: 2%; padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td rowspan="2" style="border-bottom: black 1pt solid; width: 8%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><font style="font-size: 10pt"><b> Disposal</b></font></td> <td style="width: 2%; padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="width: 8%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><font style="font-size: 10pt"><b>Net effect of</b></font></td> <td style="width: 2%; padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="width: 9%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><font style="font-size: 10pt"><b>Balance at</b></font></td></tr> <tr> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><font style="font-size: 10pt"><b>March 31, 2019</b></font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><font style="font-size: 10pt"><b>exchange rate</b></font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><font style="font-size: 10pt"><b>March 31, 2020</b></font></td></tr> <tr style="background-color: #CCEEFF"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt">Cryptocurrency System</font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">11,205 </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">(6,131)</font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">275 </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">5,349 </font></td></tr> <tr style="background-color: white"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt"> </font></td> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><font style="font-size: 10pt">Total</font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">11,205 </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">(6,131)</font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; vertical-align: bottom; padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt">-</font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">275 </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">5,349 </font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The software assets are being amortized on a straight-line basis over their estimated useful lives of two to five years. Amortization expense for software assets was $5,856 and $6,757 for the year ended March 31, 2020 and 2019, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 10pt">The estimated future amortization expense of our software assets as of March 31, 2020 was as follows:</font><font style="font-size: 1pt"> </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"><b>Year ending March 31</b></font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><font style="font-size: 10pt"><b>Amount</b></font></td></tr> <tr> <td style="width: 54%; padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt">2021</font></td> <td style="width: 6%; padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="border-bottom: Black 1pt solid; width: 6%; padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="border-bottom: Black 1pt solid; width: 34%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">5,350 </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt">Total</font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">5,350 </font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>
</us-gaap:ResearchDevelopmentAndComputerSoftwareDisclosureTextBlock>
<us-gaap:StockholdersEquityNoteDisclosureTextBlock contextRef="From2019-04-01to2020-03-31">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>N<font style="text-transform: uppercase">OTE 6 - SHAREHOLDER EQUITY</font></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Preferred Stock</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The authorized preferred stock of the Company consists of 20,000,000 shares with a par value of $0.0001. The Company had no shares of preferred stock issued and outstanding at March 31, 2020 and 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Common Stock</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The authorized common stock of the Company consists of 500,000,000 shares with a par value of $0.0001. There were 20,000,000 shares of common stock issued and outstanding at March 31, 2020 and 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company did not have any potentially dilutive instruments as of March 31, 2020 and 2019, thus, anti-dilution issues are not applicable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Additional paid-in capital</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the year ended March 31, 2020 and 2019, the Company had imputed interest of $10,781 and $7,876, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b></b></p>
</us-gaap:StockholdersEquityNoteDisclosureTextBlock>
<us-gaap:RelatedPartyTransactionsDisclosureTextBlock contextRef="From2019-04-01to2020-03-31">
<p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><font style="text-transform: uppercase"><b></b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>NOTE 7 - RELATED-PARTY TRANSACTIONS</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Additional paid-in capital</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the year ended March 31, 2020 and 2019, the Company had imputed interest of $10,781 and $7,876, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Due to related party</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">For the year ended March 31, 2020 and 2019, the Company borrowed $55,245 and $59,673, respectively, from Takehiro Abe, CEO of the Company. For the year ended March 31, 2020 and 2019, the Company repaid $23,124 and $0, respectively, to Takehiro Abe. The total due as of March 31, 2020 and 2019 were $146,937 and $111,248, respectively, and were unsecured, due on demand and non-interest bearing.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the year ended March 31, 2020 and 2019, the Company had imputed interest of $10,781 and $7,876.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company utilizes home office space and equipment of our management at no cost. Management estimates such amounts to be immaterial.</p>
</us-gaap:RelatedPartyTransactionsDisclosureTextBlock>
<us-gaap:ConsolidationPolicyTextBlock contextRef="From2019-04-01to2020-03-31">
<p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><b>Principles of Consolidations</b></p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated.</p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"></p>
</us-gaap:ConsolidationPolicyTextBlock>
<us-gaap:BasisOfAccountingPolicyPolicyTextBlock contextRef="From2019-04-01to2020-03-31">
<p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><b>Basis of Presentation</b></p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">This summary of significant accounting policies is presented to assist in understanding the Company's financial statements. These accounting policies conform to accounting principles, generally accepted in the United States of America, and have been consistently applied in the preparation of the financial statements.</p>
</us-gaap:BasisOfAccountingPolicyPolicyTextBlock>
<us-gaap:UseOfEstimates contextRef="From2019-04-01to2020-03-31">
<p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><b>Use of Estimates</b></p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. In the opinion of management, all adjustments necessary in order to make the financial statements not misleading have been included. Actual results could differ from those estimates.</p>
</us-gaap:UseOfEstimates>
<us-gaap:CompensationRelatedCostsPolicyTextBlock contextRef="From2019-04-01to2020-03-31">
<p style="font: 10pt/10.6pt Times New Roman, Times, Serif; margin: 0"><b>Related party transaction </b></p> <p style="font: 10pt/10.6pt Times New Roman, Times, Serif; margin: 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A related party is generally defined as (i) any person that holds 10% or more of the Company’s securities and their immediate families, (ii) the Company’s management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. The Company conducts business with its related parties in the ordinary course of business.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Transactions involving related parties cannot be presumed to be carried out on an arm's-length basis, as the requisite conditions of competitive, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm's-length transactions unless such representations can be substantiated.</p>
</us-gaap:CompensationRelatedCostsPolicyTextBlock>
<us-gaap:CashAndCashEquivalentsPolicyTextBlock contextRef="From2019-04-01to2020-03-31">
<p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><b>Cash and Cash Equivalents</b></p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents.</p>
</us-gaap:CashAndCashEquivalentsPolicyTextBlock>
<us-gaap:PropertyPlantAndEquipmentPolicyTextBlock contextRef="From2019-04-01to2020-03-31">
<p style="font: 10pt/10.7pt Times New Roman, Times, Serif; margin: 0"><b>Property, Plant and Equipment</b></p> <p style="font: 10pt/10.7pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Property, plant and equipment are stated at cost less depreciation and impairment loss. The initial cost of the assets comprises its purchase price and any directly attributable costs of bringing the asset to its working condition and location for its intended use. Depreciation is calculated using the straight-line method over the shorter of the estimated useful life of the respective assets as follows: computer software developed or acquired for internal use, 2 to 5 years; computer equipment, 2 to 5 years; buildings and improvements, 5 to 15 years; leasehold improvements, 2 to 10 years; and furniture and equipment, 1 to 5 years.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Significant improvements are capitalized when it is probable that the expenditure resulted in an increase in the future economic benefits expected to be obtained from the use of the asset beyond its originally assessed standard of performance. When improvements are made to real property and those improvements are permanently affixed to the property, the title to those improvements automatically transfers to the owner of the property. The lessee’s interest in the improvements is not a direct ownership interest but rather it is an intangible right to use and benefit from the improvements during the term of the lease. The Company uses the straight-line method over the shorter of the estimated useful life of the asset or the lease term.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In accordance with ASC Topic 360, the Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable, or at least annually. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset’s estimated fair value and its book value. For the period ended March 31, 2020 and 2019 the Company did not record any impairment charges on long-lived assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Routine repairs and maintenance are expensed when incurred. Gains and losses on disposal of fixed assets are recognized in the income statement based on the net disposal proceeds less the carrying amount of the assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>
</us-gaap:PropertyPlantAndEquipmentPolicyTextBlock>
<us-gaap:RevenueRecognitionAccountingPolicyGrossAndNetRevenueDisclosure contextRef="From2019-04-01to2020-03-31">
<p style="font: 10pt/10.5pt Times New Roman, Times, Serif; margin: 0"><b>Revenue Recognition</b> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recognizes revenue by applying the following steps in accordance with Accounting Standards Codification (“ASC”) Topic 606 - Revenue from contracts with Customers: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. The Company signed a technology license agreement with a third party at $8,000 per month which was first recognized during the year ended March 31, 2020.</p>
</us-gaap:RevenueRecognitionAccountingPolicyGrossAndNetRevenueDisclosure>
<us-gaap:ReceivablesPolicyTextBlock contextRef="From2019-04-01to2020-03-31">
<p style="font: 10pt/10.6pt Times New Roman, Times, Serif; margin: 0"><b>Accounts Receivable and Allowance</b></p> <p style="font: 10pt/10.6pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Accounts receivable are recognized and carried at the original invoice amount less allowance for any uncollectible amounts. An estimate for doubtful accounts is made when collection of the full amount is no longer probable. Bad debts are written off against the allowance when identified.</p>
</us-gaap:ReceivablesPolicyTextBlock>
<us-gaap:ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock contextRef="From2019-04-01to2020-03-31">
<p style="font: 10pt/10.5pt Times New Roman, Times, Serif; margin: 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Foreign currency translation </b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company maintains its books and record in its local currency, Japanese YEN (“JPY”), which is a functional currency as being the primary currency of the economic environment in which its operation is conducted. 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 statements of operations. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The reporting currency of the Company is the United States Dollars (“US$”) and the accompanying consolidated financial statements have been expressed in US$. In accordance with ASC Topic 830-30, “Translation of Financial Statement”, assets and liabilities of the Company whose functional currency is not US$ are translated into US$, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. Shareholders’ equity is translated at historical exchange rate at the time of transaction. The gains and losses resulting from translation of financial statements are recorded as a separate component of accumulated other comprehensive income within the statements of shareholders’ equity.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Translation of amounts from the local currency of the Company into US$1 has been made at the following exchange rates:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 50%"> </td> <td style="border-bottom: black 1pt solid; width: 25%; text-align: center"><font style="font-size: 10pt">March 31, 2020</font></td> <td style="border-bottom: black 1pt solid; width: 25%; text-align: center"><font style="font-size: 10pt">March 31, 2019</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Current JPY: US$1 exchange rate</font></td> <td style="text-align: center"><font style="font: 11pt Calibri, Helvetica, Sans-Serif">107.53</font></td> <td style="text-align: center"><font style="font-size: 11pt">110.84</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Average JPY: US$1 exchange rate</font></td> <td style="text-align: center"><font style="font: 11pt Calibri, Helvetica, Sans-Serif">108.73</font></td> <td style="text-align: center"><font style="font-size: 10pt">110.90</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Comprehensive income or loss</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC Topic 220, “Comprehensive Income”, establishes standards for reporting and display of comprehensive income or loss, its components and accumulated balances. Comprehensive income or loss as defined includes all changes in equity during a period from non-owner sources. Accumulated comprehensive income, as presented in the accompanying consolidated statements of shareholders’ equity consists of changes in unrealized gains and losses on foreign currency translation.</p>
</us-gaap:ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock>
<aisholdings:Incomelosspolicy contextRef="From2019-04-01to2020-03-31">
<p style="font: 10pt/10.5pt Times New Roman, Times, Serif; margin: 0"><b>Comprehensive income or loss</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC Topic 220, “Comprehensive Income”, establishes standards for reporting and display of comprehensive income or loss, its components and accumulated balances. Comprehensive income or loss as defined includes all changes in equity during a period from non-owner sources. Accumulated comprehensive income, as presented in the accompanying consolidated statements of shareholders’ equity consists of changes in unrealized gains and losses on foreign currency translation.</p>
</aisholdings:Incomelosspolicy>
<us-gaap:IncomeTaxPolicyTextBlock contextRef="From2019-04-01to2020-03-31">
<p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><b>Income Taxes</b></p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for income taxes under ASC 740, “<i>Income Taxes</i>.”  Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs.  A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized at March 31, 2020 and 2019.</p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><b></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p>
</us-gaap:IncomeTaxPolicyTextBlock>
<us-gaap:EarningsPerSharePolicyTextBlock contextRef="From2019-04-01to2020-03-31">
<p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><b>Basic Earnings (Loss) Per Share</b></p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company computes basic and diluted earnings (loss) per share in accordance with ASC Topic 260, <i>Earnings per Share</i>. Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the reporting period. Diluted earnings (loss) per share reflects the potential dilution that could occur if stock options and other commitments to issue common stock were exercised or equity awards vest resulting in the issuance of common stock that could share in the earnings of the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company does not have any potentially dilutive instruments as of March 31, 2020 and 2019 and, thus, anti-dilution issues are not applicable.</p>
</us-gaap:EarningsPerSharePolicyTextBlock>
<us-gaap:FairValueOfFinancialInstrumentsPolicy contextRef="From2019-04-01to2020-03-31">
<p style="font: 10pt/11.5pt Times New Roman, Times, Serif; margin: 0"><b>Fair Value of Financial Instruments</b></p> <p style="font: 10pt/11.5pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC 820, <i>Fair Value Measurements and Disclosures</i>, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">- Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">- Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">- Level 3 - Inputs that are both significant to the fair value measurement and unobservable. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of March 31, 2020. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accrued expenses.</p> <p style="font: 10pt/11.5pt Times New Roman, Times, Serif; margin: 0"><b></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"></p>
</us-gaap:FairValueOfFinancialInstrumentsPolicy>
<us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock contextRef="From2019-04-01to2020-03-31">
<p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><b>Recently Issued Accounting Pronouncements</b></p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 18, 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”) as part of its overall simplification initiative to reduce costs and complexity of applying accounting standards. ASU 2019-12 removes certain exceptions from Topic 740, Income Taxes, including (i) the exception to the incremental approach for intra period tax allocation; (ii) the exception to accounting for basis differences when there are ownership changes in foreign investments; and (iii) the exception in interim period income tax accounting for year-to-date losses that exceed anticipated losses. ASU 2019-12 also simplifies GAAP in several other areas of Topic 740 such as (i) franchise taxes and other taxes partially based on income; (ii) transactions with a government that result in a step up in the tax basis of goodwill; (iii) separate financial statements of entities not subject to tax; and (iv) enacted changes in tax laws in interim periods. ASU 2019-12 is effective for annual reporting periods and interim periods within those years beginning after December 15, 2020, and early adoption is permitted. The Company is currently evaluating the impact of adopting ASU 2019-12 on its consolidated financial statements and related disclosures.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)” and issued subsequent amendments to the initial guidance or implementation guidance including ASU 2017-13, 2018-01, 2018-10, 2018-11, 2018-20 and 2019-01 (collectively, including ASU 2016-02, “ASC 842”). Under ASC 842, lessees will be required to recognize all leases at the commencement date including a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use (ROU) asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The standard will be effective for the Company beginning April 1, 2020, with early adoption permitted. The Company will adopt the standard on April 1, 2020 on a modified retrospective basis and will not restate comparable periods. The Company will elect the package of practical expedients permitted under the transition guidance, which allows the Company to carry forward the historical lease classification, the assessment whether a contract is or contains a lease and initial direct costs for any leases that exist prior to adoption of the new standard. The Company will also elect the practical expedient not to separate lease and non-lease components for certain classes of underlying assets and the short-term lease exemption for contracts with lease terms of 12 months or less. The Company anticipates this standard will have no material impact on the Company’s consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
</us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock>
<aisholdings:Foreigncurrencytranslationtextblock contextRef="From2019-04-01to2020-03-31">
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Translation of amoun<font style="font: 10pt Times New Roman, Times, Serif">ts from the local currency of the Company into US$1 has been made at the following exchange rates:</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 50%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; width: 25%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">March 31, 2020</font></td> <td style="border-bottom: black 1pt solid; width: 25%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">March 31, 2019</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Current JPY: US$1 exchange rate</font></td> <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">107.53</font></td> <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">110.84</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Average JPY: US$1 exchange rate</font></td> <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">108.73</font></td> <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">110.90</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"></p>
</aisholdings:Foreigncurrencytranslationtextblock>
<aisholdings:Softwaretextblock contextRef="From2019-04-01to2020-03-31">
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table presents details of our purchased software assets as of March 31, 2020 and 2019:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="width: 21%; padding-right: 4.95pt; padding-left: 4.95pt"><font style="font: 10pt Tahoma, Helvetica, Sans-Serif"></font></td> <td style="width: 2%; padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="width: 10%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><font style="font-size: 10pt"><b>Balance at </b></font></td> <td style="width: 2%; padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td rowspan="2" style="border-bottom: black 1pt solid; width: 8%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><font style="font-size: 10pt"><b>Additions</b></font></td> <td style="width: 2%; padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td rowspan="2" style="border-bottom: black 1pt solid; width: 11%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><font style="font-size: 10pt"><b>Impairments</b></font></td> <td style="width: 2%; padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td rowspan="2" style="border-bottom: black 1pt solid; width: 11%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><font style="font-size: 10pt"><b>Amortization</b></font></td> <td style="width: 2%; padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td rowspan="2" style="border-bottom: black 1pt solid; width: 8%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><font style="font-size: 10pt"><b> Disposal</b></font></td> <td style="width: 2%; padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="width: 8%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><font style="font-size: 10pt"><b>Net effect of</b></font></td> <td style="width: 2%; padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="width: 9%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><font style="font-size: 10pt"><b>Balance at</b></font></td></tr> <tr> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><font style="font-size: 10pt"><b>March 31, 2019</b></font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><font style="font-size: 10pt"><b>exchange rate</b></font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><font style="font-size: 10pt"><b>March 31, 2020</b></font></td></tr> <tr style="background-color: #CCEEFF"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt">Cryptocurrency System</font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">11,205 </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">(6,131)</font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">275 </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">5,349 </font></td></tr> <tr style="background-color: white"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt"> </font></td> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt"> </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><font style="font-size: 10pt">Total</font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">11,205 </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">(6,131)</font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; vertical-align: bottom; padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt">-</font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">275 </font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">5,349 </font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The software assets are being amortized on a straight-line basis over their estimated useful lives of two to five years. Amortization expense for software assets was $5,856 and $6,757 for the year ended March 31, 2020 and 2019, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 10pt">The estimated future amortization expense of our software assets as of March 31, 2020 was as follows:</font><font style="font-size: 1pt"> </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"><b>Year ending March 31</b></font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><font style="font-size: 10pt"><b>Amount</b></font></td></tr> <tr> <td style="width: 54%; padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt">2021</font></td> <td style="width: 6%; padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="border-bottom: Black 1pt solid; width: 6%; padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="border-bottom: Black 1pt solid; width: 34%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">5,350 </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt">Total</font></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt"> </font></td> <td style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><font style="font-size: 10pt">5,350 </font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>
</aisholdings:Softwaretextblock>
<aisholdings:Cumulativenetoperatinglosscarryforward contextRef="AsOf2020-03-31" unitRef="USD" decimals="0"> 46852 </aisholdings:Cumulativenetoperatinglosscarryforward>
<us-gaap:Liabilities contextRef="AsOf2019-03-31" unitRef="USD" decimals="0"> 114738 </us-gaap:Liabilities>
<us-gaap:Liabilities contextRef="AsOf2020-03-31" unitRef="USD" decimals="0"> 149392 </us-gaap:Liabilities>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 4 - ACCRUED EXPENSES</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Accrued expenses totaled $2,455 as of March 31, 2020 as compared to March 31, 2019 which was $3,490.</p>
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<dei:EntityRegistrantName contextRef="From2019-04-01to2020-03-31"> AIS Holdings Group, Inc. </dei:EntityRegistrantName>
<dei:EntityCentralIndexKey contextRef="From2019-04-01to2020-03-31"> 0001702015 </dei:EntityCentralIndexKey>
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<dei:EntitySmallBusiness contextRef="From2019-04-01to2020-03-31"> true </dei:EntitySmallBusiness>
<dei:EntityEmergingGrowthCompany contextRef="From2019-04-01to2020-03-31"> true </dei:EntityEmergingGrowthCompany>
<dei:EntityCurrentReportingStatus contextRef="From2019-04-01to2020-03-31"> Yes </dei:EntityCurrentReportingStatus>
<dei:DocumentType contextRef="From2019-04-01to2020-03-31"> 10-K </dei:DocumentType>
<dei:DocumentPeriodEndDate contextRef="From2019-04-01to2020-03-31"> 2020-03-31 </dei:DocumentPeriodEndDate>
<dei:DocumentFiscalYearFocus contextRef="From2019-04-01to2020-03-31"> 2020 </dei:DocumentFiscalYearFocus>
<dei:DocumentFiscalPeriodFocus contextRef="From2019-04-01to2020-03-31"> FY </dei:DocumentFiscalPeriodFocus>
<dei:EntityFilerCategory contextRef="From2019-04-01to2020-03-31"> Non-accelerated Filer </dei:EntityFilerCategory>
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<dei:EntityInteractiveDataCurrent contextRef="From2019-04-01to2020-03-31"> Yes </dei:EntityInteractiveDataCurrent>
<dei:EntityIncorporationStateCountryCode contextRef="From2019-04-01to2020-03-31"> DE </dei:EntityIncorporationStateCountryCode>
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<us-gaap:ProceedsFromRepaymentsOfRelatedPartyDebt contextRef="From2018-04-01to2019-03-31" unitRef="USD" xsi:nil="true"/>
<aisholdings:Balance contextRef="AsOf2019-03-31" unitRef="USD" decimals="0"> -58758 </aisholdings:Balance>
<aisholdings:Balance contextRef="AsOf2020-03-31" unitRef="USD" decimals="0"> -93865 </aisholdings:Balance>
<aisholdings:Balance contextRef="AsOf2018-03-31" unitRef="USD" decimals="0"> -22856 </aisholdings:Balance>
<aisholdings:Balance contextRef="AsOf2018-03-31_us-gaap_CommonStockMember" unitRef="USD" decimals="0"> 2000 </aisholdings:Balance>
<aisholdings:Balance contextRef="AsOf2019-03-31_us-gaap_CommonStockMember" unitRef="USD" decimals="0"> 2000 </aisholdings:Balance>
<aisholdings:Balance contextRef="AsOf2020-03-31_us-gaap_CommonStockMember" unitRef="USD" decimals="0"> 2000 </aisholdings:Balance>
<aisholdings:Balance contextRef="AsOf2018-03-31_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0"> 6111 </aisholdings:Balance>
<aisholdings:Balance contextRef="AsOf2019-03-31_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0"> 13987 </aisholdings:Balance>
<aisholdings:Balance contextRef="AsOf2020-03-31_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0"> 24768 </aisholdings:Balance>
<aisholdings:Balance contextRef="AsOf2018-03-31_us-gaap_ComprehensiveIncomeMember" unitRef="USD" decimals="0"> -91 </aisholdings:Balance>
<aisholdings:Balance contextRef="AsOf2019-03-31_us-gaap_ComprehensiveIncomeMember" unitRef="USD" decimals="0"> 843 </aisholdings:Balance>
<aisholdings:Balance contextRef="AsOf2020-03-31_us-gaap_ComprehensiveIncomeMember" unitRef="USD" decimals="0"> -1600 </aisholdings:Balance>
<aisholdings:Balance contextRef="AsOf2018-03-31_us-gaap_RetainedEarningsMember" unitRef="USD" decimals="0"> -30876 </aisholdings:Balance>
<aisholdings:Balance contextRef="AsOf2019-03-31_us-gaap_RetainedEarningsMember" unitRef="USD" decimals="0"> -75588 </aisholdings:Balance>
<aisholdings:Balance contextRef="AsOf2020-03-31_us-gaap_RetainedEarningsMember" unitRef="USD" decimals="0"> -119033 </aisholdings:Balance>
<dei:EntityShellCompany contextRef="From2019-04-01to2020-03-31"> false </dei:EntityShellCompany>
<dei:EntityPublicFloat contextRef="AsOf2019-09-30" unitRef="USD" decimals="0"> 5400 </dei:EntityPublicFloat>
<us-gaap:PrepaidExpenseAndOtherAssets contextRef="AsOf2019-03-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:PrepaidExpenseAndOtherAssets contextRef="AsOf2020-03-31" unitRef="USD" decimals="0"> 619 </us-gaap:PrepaidExpenseAndOtherAssets>
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic contextRef="From2019-04-01to2020-03-31" unitRef="USD" decimals="0"> -42792 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic>
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic contextRef="From2018-04-01to2019-03-31" unitRef="USD" decimals="0"> -44107 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic>
<us-gaap:IncomeTaxExpenseBenefit contextRef="From2019-04-01to2020-03-31" unitRef="USD" decimals="0"> 653 </us-gaap:IncomeTaxExpenseBenefit>
<us-gaap:IncomeTaxExpenseBenefit contextRef="From2018-04-01to2019-03-31" unitRef="USD" decimals="0"> 605 </us-gaap:IncomeTaxExpenseBenefit>
<us-gaap:IncreaseDecreaseInPrepaidExpense contextRef="From2019-04-01to2020-03-31" unitRef="USD" decimals="0"> -619 </us-gaap:IncreaseDecreaseInPrepaidExpense>
<us-gaap:IncreaseDecreaseInPrepaidExpense contextRef="From2018-04-01to2019-03-31" unitRef="USD" xsi:nil="true"/>
<aisholdings:Balanceshares contextRef="AsOf2018-03-31_us-gaap_CommonStockMember" unitRef="shares" decimals="INF"> 20000000 </aisholdings:Balanceshares>
<aisholdings:Balanceshares contextRef="AsOf2019-03-31_us-gaap_CommonStockMember" unitRef="shares" decimals="INF"> 20000000 </aisholdings:Balanceshares>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 10 - CONTINGENCIES</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the year ended March 31, 2020 and 2019, the Company was not involved in any legal proceedings. As of March 31, 2020 and 2019, the Company had no pending legal case.</p>
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<us-gaap:ConcentrationRiskDisclosureTextBlock contextRef="From2019-04-01to2020-03-31">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 9 - CONCENTRATION</b>  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Financial instruments, which potentially subject the Company to concentrations of credit risk, consist primarily of purchases of inventory, accounts receivable and revenue.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Concentration of Revenues</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Gross revenues from customers accounting for 10% or more of total revenues are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the year ended March 31, 2020 and 2019, 100% of the revenue was generated from one customer whose name was Trend Rich Global Limited in the amount of $96,396 and $96,342, respectively.</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td colspan="5" style="border-bottom: black 1pt solid; text-align: center"><font style="font-size: 10pt">March 31,</font></td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center"><font style="font-size: 10pt">2020</font></td> <td style="text-align: right"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center"><font style="font-size: 10pt">2019</font></td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 56%; text-align: justify"><font style="font-size: 10pt">Deferred tax asset, generated from net operating loss at statutory rates</font></td> <td style="width: 0%; text-align: right"> </td> <td style="width: 1%; text-align: right"><font style="font-size: 10pt">$</font></td> <td style="width: 17%; text-align: right"><font style="font-size: 10pt">18,555</font></td> <td style="width: 5%; text-align: right"> </td> <td style="width: 2%; text-align: right"><font style="font-size: 10pt">$</font></td> <td style="width: 15%; text-align: right"><font style="font-size: 10pt">12,155</font></td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify"><font style="font-size: 10pt">Valuation allowance</font></td> <td style="text-align: right"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><font style="font-size: 10pt"> (18,555)</font></td> <td style="text-align: right"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><font style="font-size: 10pt">(12,1556)</font></td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">- </font></td> <td style="text-align: right"> </td> <td style="text-align: right"><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td style="text-align: right"> </td></tr> </table> <p style="font: 10pt/10.5pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt/10.5pt Times New Roman, Times, Serif; margin: 0">The reconciliation of the effective income tax rate to the federal statutory rate is as follows:</p> <p style="font: 10pt/10.5pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; background-color: white"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 60%"><font style="font-size: 10pt">Federal income tax rate</font></td> <td style="width: 2%"> </td> <td style="width: 33%; text-align: right"><font style="font-size: 10pt">21.0</font></td> <td style="white-space: nowrap; width: 5%"><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom"> <td><font style="font-size: 10pt">Increase in valuation allowance</font></td> <td> </td> <td style="text-align: right"><font style="font-size: 10pt">(21.0</font></td> <td style="white-space: nowrap"><font style="font-size: 10pt">%)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Effective income tax rate</font></td> <td> </td> <td style="text-align: right"><font style="font-size: 10pt">0.0</font></td> <td style="white-space: nowrap"><font style="font-size: 10pt">%</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
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<aisholdings:Revenuefromonecustomer contextRef="From2018-04-01to2019-03-31" unitRef="USD" decimals="0"> 96342 </aisholdings:Revenuefromonecustomer>
<dei:EntityWellKnownSeasonedIssuer contextRef="From2019-04-01to2020-03-31"> No </dei:EntityWellKnownSeasonedIssuer>
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</xbrli:xbrl>

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