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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

☒	ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED March 31, 2021
x	ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED March 31, 2022
☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______________ TO ______________
¨	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______________ TO ______________

SECTOR 10, Inc.

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

Delaware	000-24370	33-0565710
(State or other jurisdiction of incorporation)	(Commission File No.)	(IRS Employer Identification No.)

10900 NE 4th Street, Suite 2300

Bellevue, WA 98004

(Address of principal executive offices, including zip code)

Issuer’s telephone number, including area code (425) 331-9620

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes o No x

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Exchange Act. Yes o No x

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

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

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

Large accelerated filer o¨ Accelerated filer o¨ Non-accelerated filer x Smaller reporting company ☒x Emerging Growth Company ☐¨

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

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐o No x

Issuer’s revenues for its most recent fiscal year were $0.

As of March 31, ~~2021~~2022, the aggregate market value of the voting and non-voting common equity held by non-affiliates, computed based on closing price of $21 of the common stock, was approximately $~~263~~131,~~825~~913.

As of ~~April~~June 2310, ~~2021~~2022 the issuer had 305,778 shares of common stock outstanding.

DOCUMENTS INCORPORATED BY REFERENCE: None.

TABLE OF CONTENTS

		Page	~~Page~~
PART I		~~PART I~~
ITEM 1.	DESCRIPTION OF BUSINESS	~~DESCRIPTION OF BUSINESS~~4	4
ITEM 2.	DESCRIPTION OF PROPERTY	~~DESCRIPTION OF PROPERTY~~4	4
ITEM 3.	LEGAL PROCEEDINGS	~~LEGAL PROCEEDINGS~~4	4
ITEM 4.	SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS	~~SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS~~5	5
PART II		~~PART II~~
ITEM 5.	MARKET FOR COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND SMALL BUSINESS ISSUER PURCHASES OF EQUITY SECURITIES	~~MARKET FOR COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND SMALL BUSINESS ISSUER PURCHASES OF EQUITY SECURITIES~~5	5
ITEM 6.	SELECTED FINANCIAL DATA	~~SELECTED FINANCIAL DATA~~5	5
ITEM 7.	MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION	~~MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION~~6	6
ITEM 7A.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	~~QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK~~10	9
ITEM 8.	FINANCIAL STATEMENTS	~~FINANCIAL STATEMENTS~~13	12
ITEM 9.	CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE	~~CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE~~25	23
ITEM 9A.	CONTROLS AND PROCEDURES	~~CONTROLS AND PROCEDURES~~25	23
ITEM 9B.	OTHER INFORMATION	~~OTHER INFORMATION~~26	24
PART III		~~PART III~~
ITEM 10.	DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT	~~DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT~~26	24
ITEM 11.	EXECUTIVE COMPENSATION	~~EXECUTIVE COMPENSATION~~28	26
ITEM 12.	SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS	~~SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS~~30	28
ITEM 13.	CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS	~~CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS~~30	28
ITEM 14.	PRINCIPAL ACCOUNTANT FEES AND SERVICES	~~PRINCIPAL ACCOUNTANT FEES AND SERVICES~~30	29
ITEM 15.	EXHIBITS	~~EXHIBITS~~31	29
SIGNATURES		~~SIGNATURES~~32	30
CERTIFICATIONS		~~CERTIFICATIONS~~

PART I

ITEM 1. DESCRIPTION OF BUSINESS

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This periodic report contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, business strategies, operating efficiencies or synergies, competitive positions, growth opportunities for existing products, plans and objectives of management. Statements in this periodic report that are not historical facts are hereby identified as “forward-looking statements”.

Business

The Company markets the MRU -and SRU ~~product~~products. ~~lines~~The ~~and~~Company ~~the~~recently ~~various~~settled ~~related~~longstanding ~~solutions~~litigation ~~related~~with toits ~~distributed~~former ~~assets~~manufacturer. ~~Post~~Under ~~litigation~~the terms of the ~~company~~settlement, the Company maintained the rights to patented equipment. The Company is currently evaluating ~~all~~various ~~opportunities~~options for use of this equipment in future operations. ~~Future~~No plans ~~will~~have bebeen ~~disclosed~~finalized as ~~these~~of ~~plans~~the ~~become~~date ~~available.~~of this report.

After 12 years of litigation, the company settled the matter, maintaining sovereignty and existing shareholder structure. While Sector 10 Holdings, Inc. and Pericles also kept ownership over all enforceable and issued patents.

Sector 10, Inc. and affiliated parties have removed all businesses from the State of Utah.

Employees

As of March 31, 2021, the Company has 2 employees and no current payroll. A total of 2 persons (Acting CEO and Acting CFO) work part time for the company and also work with the majority shareholder Sector 10 Holdings, Inc. Beginning in May, 2009, the CEO and CFO compensation was accrued on the Company books. The Company decided to cease accruing any compensation until a new plan has been established for the Company. A new plan is currently being reviewed. No compensation was accrued and no cash compensation was paid during the fiscal year ended March 31, 2021.

ITEM 2 DESCRIPTION OF PROPERTIES

The Company’s administrative offices are located in an office facility located at 10900 NE 4^th Street, Suite 2300

Bellevue, WA 98004

ITEM 3. LEGAL PROCEEDINGS

The Company is aware of the following situation regarding litigation, pending or threatened, to which it is a party.

On October 21, 2020, the Company settled an 11 -year legal conflict over disputed technology migration that became known as PSIM. ~~Based~~ ~~on this settlement and ruling by the Court, the Company has recognized other income for the extinguishment of debt released in the amount of $2,115,532.~~ There is no further pending litigation.

Initial adjustments of $2,115,532 were made in the fiscal year ended March 31. 2021 to recognize debt forgiveness resulting from the settlement. The Company is still reviewing the impact of the settlement on the Company’s financial position. Additional adjustments of $576,426 were made in the fiscal year to release liabilities and related accrued interest that were released due to the agreed terms of the settlement. No further adjustments are expected at this time.

No other litigation is ongoing.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

No matters were submitted to a vote of the Company’s shareholders through the solicitation of proxies, during the Company’s fiscal year ended March 31, ~~2021~~2022.

PART II

ITEM 5. MARKET FOR COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND SMALL BUSINESS ISSUER PURCHASER OF EQUITY SECURITIES

The prior litigation had impacted the Company operations which had caused delays in filing various reports. Due to the late filing, the Company Common Stock trading has been moved from the Over the Counter Bulletin Board under the symbol SECI.OB to trading on the Pink Sheets under the symbol SECI.PK. Since its inception, the Company has not paid any dividends on its Common Stock, and the Company does not anticipate that it will pay dividends in the foreseeable future. As of ~~April~~June 239, ~~2021~~2022, the Company had approximately 206 shareholders of record.

The following chart sets out the Volume, Open, High, Low and Close Price for the stock for the month end period from March 30, ~~2020~~2021 until March 31, ~~2021~~2022. The dates represent the last trading date for the respective month:

Date	Volume	Open	High	Low	Close
3/31/2022	0	1	1	1	1
2/28/2022	0	1	1	1	1
1/30/2022	102	1	1	1	1
12/31/2021	0	1	1	1	1
11/30/2021	0	1	1	1	1
10/29/2021	0	1	1	1	1
9/30/2021	970	1	1	1	1
8/31/2021	0	0.0001	0.0001	0.0001	0.0001
7/30/2021	0	1.87	1.87	1.87	1.87
6/30/2021	0	1.87	1.87	1.87	1.87
5/28/2021	100	1.9	1.9	1.9	1.9
4/30/2021	310	2	2	2	2
3/31/2021	0	2	2	2	2
2/26/2021	0	2	2	2	2
1/29/2021	271	3.5	3.5	3.5	3.5
12/31/2020	0	2.5	2.5	2.5	2.5
11/30/2020	0	2.85	2.85	2.85	2.85
10/30/2020	2989	40	59	40	59
9/30/2020	376	25	25	25	25
8/31/2020	0	15	15	15	15
7/31/2020	0	10	10	10	10
6/30/2020	0	10	10	10	10
5/29/2020	0	10	10	10	10
4/30/2020	0	14	14	14	14
3/30/2020	287	11.5	11.5	10	11.5

ITEM 6. SELECTED FINANCIAL DATA

None

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Plan of Operation

The Company’s cash balance is insufficient to satisfy the Company’s cash requirements for the next 12 months. Due to issues surrounding prior litigation, the ability to deliver products to customers has been delayed.

Our notes to the financial statements disclose that the cash flow of the Company has been absorbed in operating activities, has incurred net losses for the fiscal year and has a working capital deficiency. Due to the prior litigation and the current restructuring, the Company operations are not likely to produce positive cash flow until at least the fiscal year ended March 31, 2022. These factors raise substantial doubt about our ability to continue as a going concern. Our going concern uncertainty may affect our ability to raise additional capital, and may also affect our relationships with suppliers and customers. Investors should carefully examine our financial statements and read the notes to the financial statements.

Results of Operations for the year ended March 31, ~~2021~~2022 as compared to the year ended March 31, ~~2020~~2021.

Revenues -

The Company had no revenues for the fiscal year ended March 31, 2022.

The Company had no revenues for the fiscal year ended March 31, 2021.

The Company had no revenues for the fiscal year ended March 31, 2020.

Other Income-

Other Income-

Other Income for the fiscal year ended March 31, 2022 was $576,426 resulting from the Court decision and the terms of the agreed Dutro litigation settlement. The total gain from the extinguishment of debt was composed of the forgiveness and related release of the following: Professional Services & Consulting fees – $274,529; NP – Ed Johnson - $86,615; NP – L Brown - $20,000; NP – Legal Fees - $50,000 and Accrued interest on NP - $145,282.

Other Income for the fiscal year ended March 31, 2021 was $2,115,532 which represents the gain on the extinguishment of debt resulting from the Court decision and the agreed Dutro litigation settlement. The total gain was composed of Dutro Litigation extinguishment of $939,191 and extinguishment of other accrued and contingent legal fees of $1,176,341. The Dutro litigation extinguishment of $939,191 consists of extinguishment of Dutro Company Loan - $250,000, Vicki Davis Loan - $168,000, William Dutro Loan - $65,000, Contingent fee – Reality Engineering - $ $50,000, Contingent Fee – Lee Allen - $18,000, Contingent Interest – Dutro Company - $209,073, Contingent Interest – Vicki Davis - $129,150 and Contingent Interest – William Dutro - $49,968.

The Company had no other income for the fiscal year ended March 31, 2020.

Cost of Sales -

The Company had no cost of sales or other operating expenses for the fiscal year ended March 31, 2022.

The Company had no cost of sales or other operating expenses for the fiscal year ended March 31, 2021.

The Company had no cost of sales or other operating expenses for the fiscal year ended March 31, 2020.

General and Administrative Expenses -

General and administrative expenses were $4834,~~596~~578 for the fiscal year ended March 31, ~~2021~~2022. These expenses are made up ~~professional~~of ~~fees – $20,000, litigation expenses/travel - $20,000,~~ insurance expenses - $17,~~094~~885, filing fees – ($106,~~512)~~098 &and state franchise fees and other – $210,~~014~~595. The primary difference from the prior year is that the Company is no longer accruing wages and payroll taxes and the impact of the litigation settlement.

General and administrative expenses were $832,106 for the fiscal year ended March 31, 2020. These expenses are made up of wages - $660,000, payroll taxes – $66,000, professional fees – $57,474, litigation expenses/travel - $25,714, insurance expenses - $19,871, transfer fees & franchise fees – $3,047.

General and administrative expenses were $48,596 for the fiscal year ended March 31, 2021. These expenses are made up professional fees – $20,000, litigation expenses/travel - $20,000, insurance expenses - $17,094, filing fees – ($10,512) & state franchise fees – $2,014. The primary difference from the prior year is that the Company is no longer accruing wages and payroll taxes and the impact of the litigation settlement.

Depreciation Expense –

Depreciation expense was $0 for the fiscal year ended March 31, 2022.

Depreciation expense was $0 for the fiscal year ended March 31, 2021.

Depreciation expense was $0 for the fiscal year ended March 31, 2020.

Interest expense

The Company had interest expense of $17,119 for the year ended March 31, 2022.

The Company had interest expense of $47,226 for the year ended March 31, 2021. The primary difference from the prior year is that the Company is no longer accruing interest on unpaid wages and the impact of the litigation settlement.

The Company had interest expense of $526,157 for the year ended March 31, 2020.

Other expense

The Company had no other expense for the year ended March 31, 2022.

The Company had no other expense for the year ended March 31, 2021.

The Company had no other expense for the year ended March 31, 2020.

Liquidity and Capital Resources

Cash and cash equivalents -

We believe our bank balance of $0 with a deficit in working capital of $109,~~376~~851,~~193~~464 as of March 31, ~~2021~~2022 is not sufficient to meet our working capital requirements for the coming year.

Total assets -

We currently have $0 assets for the year ended March 31, ~~2021~~2022.

Working capital -

As of this filing date, the Company is in the ~~midst of litigation and in the~~ process of restructuring its operations in order to raise capital and continue in its efforts to manufacture and distribute its products. The restructuring ~~will~~is ~~not~~ongoing, beand ~~complete~~no ~~until~~plans have been finalized as of the ~~litigation~~date ~~has~~of ~~been~~this ~~completed~~report. Potential funding for operations is not expected until sometime in the fiscal year ended March 31, ~~2021~~2023 or beyond.

Our auditors are of the opinion that our continuation as a going concern is in doubt. Our continuation as a going concern is dependent upon continued financial support from our shareholders and other related parties. THE FINANCIAL STATEMENTS, RELATED NOTES AND THE OTHER INFORMATION INCLUDED IN THIS REPORT HAVE NOT BEEN REVIEWED BY THE COMPANY’S OUTSIDE ACCOUNTANT PRIOR TO THE FILING OF THIS REPORT.

Liabilities -

Current liabilities as of March 31, 2022 were $9,851,464. The balance was composed of accounts payable and accrued liabilities of $9,687,464 and note payable to outside investors of $164,000.

Current liabilities as of March 31, 2021 were $10,376,193. The balance was composed of accounts payable and accrued liabilities of $10,055,578 and note payable to outside investors of $320,615.

~~Current~~Long term liabilities as of March 31, ~~2020~~2022 were $~~12,395,903~~0. ~~The balance was composed of accounts payable and accrued liabilities of $11,592,288 and note payable to outside investors of $803,615.~~

Long term liabilities as of March 31, ~~2021~~2022 were $0.

~~Long~~Total ~~term~~ liabilities as of March 31, ~~2020~~2022 were $09,851,464.

~~Total~~Cash ~~liabilities~~flows ~~as of March 31, 2021 were $10,376,193.~~ –

Cash flows -

	Year Ended	Year Ended
	March 31,	March 31,
Sources and Uses of Cash	2022	2021
Net cash provided by / (used in)
Operating activities	$0	$0
Investing activities	0	0
Financing activities	0	0

Increase/(decrease) in cash and cash equivalents	$0	$0

Years ended March 31, 2022 and 2021
Cash and cash equivalents	$0	$0

		Year Ended	Year Ended
		March 31,	March 31,
Sources and Uses of Cash		2021	2020
Net cash provided by / (used in)
Operating activities	$	0	$	0
Investing activities		0		0
Financing activities		0		0
Increase/(decrease) in cash and cash equivalents	$	0	$	0
Years ended March 31, 2021 and 2020
Cash and cash equivalents	$	0	$	0

Operating Activities -

Cash used in operations for the year ended March 31, 2022 was $0. This included an income from operation of $524,729 and a net change in accounts payable and accrued liabilities of ($524,729). Income was generated from the extinguishment of debt resulting from the litigation settlement.

Cash used in operations for the year ended March 31, 2021 was $0. This included an income from operation of $2,019,710 and a net change in accounts payable and accrued liabilities of ($2,019,710). Income was generated from the extinguishment of debt resulting from the litigation settlement.

Cash used in operations for the year ended March 31, 2020 was $0. This included a loss from operation of ($1,358,263) and a net change in accounts payable and accrued liabilities of $1,358,263.

Investing Activities -

There was no cash used in Investing Activities for the year ended March 31, 2022.

There was no cash used in Investing Activities for the year ended March 31, 2021.

There was no cash used in Investing Activities for the year ended March 31, 2020.

Financing Activities -

There was no of cash provided in financing activities for the year ended March 31, 2022.

There was no of cash provided in financing activities for the year ended March 31, 2021.

There was no of cash provided in financing activities for the year ended March 31, 2020.

Critical Accounting Policies

The discussions and analysis of our financial condition and results of operations, including the discussion on liquidity and capital resources, are based upon the financial statements, which have been prepared in accordance with US GAAP. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, management re-evaluates its estimates and judgments, particularly those related to the determination of the impairment of its intangible assets. Actual results could differ from the estimates. We believe the following are the critical accounting policies used in the preparation of the consolidated financial statements.

Revenue -

The Company had no sales activity during the current fiscal year ended March 31, ~~2021~~2022. The Company records sales of its products based upon the terms of the contract; when title passes to its customers; and, when collectability is reasonably assured.

Income Taxes -

The amount of income taxes recorded by us requires the interpretation of complex rules and regulations of various taxing jurisdictions throughout the world. We have recognized deferred tax assets and liabilities for all significant temporary differences, operating losses and tax credit carryforwards. We routinely assess the potential realization of our deferred tax assets and reduce such assets by a valuation allowance if it is more likely than not that some portion or all of the deferred tax assets will not be realized. We routinely assess potential tax contingencies and, if required, establish accruals for such contingencies. The accruals for deferred tax assets and liabilities are subject to a significant amount of judgment by us and we review and adjust routinely our estimates based on changes in facts and circumstances. Although we believe our tax accruals are adequate, material changes in these accruals may occur in the future, based on the progress of ongoing tax audits, changes in legislation and resolution of pending tax matters.

Litigation -

An estimated loss from a loss contingency is recorded when information available prior to issuance of the financial statements indicates that it is probable that a liability has been incurred at the date of the financial statements and the amount of the loss can be reasonably estimated. Accounting for contingencies such as legal matters requires the use of judgment as to the probability of the outcome and the amount. Many legal contingencies can take years to be resolved. An adverse outcome could have a material impact on our financial condition, operating results and cash flows.

Going Concern Qualification

Due to the prior litigation, the Company has a significant risk of not being able to continue as a going concern. Investors should carefully examine our financial statements.

~~ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK~~9

~~Risks~~ITEM ~~Related~~7A. toQUANTITATIVE ~~our~~AND ~~Business~~QUALITATIVE ~~and~~DISCLOSURES ~~Operations~~ABOUT MARKET RISK

~~Investing~~Risks inRelated ~~our common stock involves a high degree of risk. You should carefully consider the risks described below, and all of the other information set forth in this Report before deciding~~ to ~~invest in shares of~~ our ~~common~~Business ~~stock. In addition to historical information, the information in this Report contains forward-looking statements about our future business~~ and performance. Our actual operating results and financial performance may be different from what we expect as of the date of this Report. The risks described in this Report represent the risks that management has identified and determined to be material to our company. Additional risks and uncertainties not currently known to Operations

9Investing in our common stock involves a high degree of risk. You should carefully consider the risks described below, and all of the other information set forth in this Report before deciding to invest in shares of our common stock. In addition to historical information, the information in this Report contains forward-looking statements about our future business and performance. Our actual operating results and financial performance may be different from what we expect as of the date of this Report. The risks described in this Report represent the risks that management has identified and determined to be material to our company. Additional risks and uncertainties not currently known to us, or that we currently deem to be immaterial, may also materially harm our business operations and financial condition.

usWe have not paid any cash dividends on our common stock to date and do not anticipate any cash dividends being paid to holders of our common stock in the foreseeable future. While our dividend policy will be based on the operating results and capital needs of the business, orit is anticipated that any earnings will be retained to finance our future expansion. As we ~~currently~~have ~~deem~~no plans to issue cash dividends in the future, our common stock could be ~~immaterial~~less desirable to other investors and as a result, the value of our common stock may ~~also~~decline, ~~materially~~or ~~harm~~fail ~~our~~to ~~business~~reach ~~operations~~the ~~and~~valuations ~~financial~~of ~~condition.~~other similarly situated companies who have paid dividends.

WeDependence ~~have~~upon ~~not~~Suppliers ~~paid~~and ~~any~~Other ~~cash~~Third ~~dividends~~Parties: onThe ~~our~~Company ~~common~~relies ~~stock~~on tooutsourced ~~date~~manufacturers ~~and~~for dothe ~~not~~production ~~anticipate any cash dividends being paid to holders~~ of ~~our~~all ~~common~~Sector ~~stock~~10 ~~in the foreseeable future~~products. ~~While~~Litigation ~~our~~is ~~dividend~~pending ~~policy~~regarding ~~will be based on~~ the ~~operating~~breach ~~results~~of ~~and~~contract ~~capital~~by ~~needs of~~ the ~~business,~~former itoutsourced ismanufacturer ~~anticipated~~and ~~that~~other ~~any~~issues ~~earnings~~resulting ~~will~~in beindefinite ~~retained~~delays ~~to finance our future expansion. As we have no plans to issue cash dividends~~ in ~~the~~production ~~future,~~capability ~~our common stock could be less desirable to other investors~~ and ~~as a result, the value of our common stock may decline, or fail to reach the valuations of other similarly situated companies who have paid dividends~~capacity.

~~Dependence~~Compliance ~~upon~~with ~~Suppliers~~existing and ~~Other~~new ~~Third~~regulations ~~Parties: The Company relies on outsourced manufacturers for the production~~ of ~~all~~corporate ~~Sector~~governance ~~10 products. Litigation is pending regarding the breach of contract by the former outsourced manufacturer~~ and ~~other~~public ~~issues~~disclosure ~~resulting~~may inresult ~~indefinite delays~~ in ~~production~~additional ~~capability and capacity~~expenses.

Compliance with ~~existing~~changing laws, regulations, and ~~new~~standards ~~regulations~~relating ofto corporate governance and public disclosure, including the Sarbanes-Oxley Act of 2002 and other SEC regulations, requires large amounts of management attention and external resources. This may result in ~~additional~~increased general and administrative expenses and a diversion of management time and attention from revenue-generating activities to compliance activities.

~~Compliance~~Our ~~with changing laws~~directors, ~~regulations,~~executive ~~and~~officers ~~standards relating to corporate governance~~ and ~~public~~principal ~~disclosure,~~stockholders ~~including~~have ~~the~~effective ~~Sarbanes-Oxley~~control ~~Act~~ of ~~2002~~the ~~and other SEC regulations~~company, ~~requires~~preventing ~~large~~non-affiliate ~~amounts~~stockholders offrom ~~management~~significantly ~~attention~~influencing ~~and~~our ~~external~~direction ~~resources. This may result in increased general~~ and ~~administrative expenses and a diversion of management time and attention from revenue-generating activities to compliance activities~~future.

Our directors, ~~executive~~ officers, and ~~principal~~5% stockholders ~~have~~and ~~effective~~their affiliates control in excess of 50% of our outstanding shares of common stock. There are anti-dilution provisions in agreements that are expected to provide this group to continue to control a majority of our outstanding common stock following any financing transactions projected for the ~~company~~foreseeable future. These directors, ~~preventing~~officers ~~non-affiliate~~and affiliates effectively control all matters requiring approval by the stockholders, ~~from~~including ~~significantly~~any determination with respect to the acquisition or disposition of assets, future issuances of securities, declarations of dividends and the election of directors. This concentration of ownership may also delay, defer, or prevent a change in control and otherwise prevent stockholders other than our affiliates from influencing our direction and future.

~~Our directors, officers, and 5% stockholders and their affiliates control in excess of 50% of our outstanding shares of common stock.~~ There ~~are~~is ~~anti-dilution provisions in agreements that are expected to provide this group to continue to control~~ a ~~majority~~public ofmarket for our ~~outstanding common~~ stock, ~~following~~but ~~any~~it ~~financing~~is ~~transactions~~thin ~~projected for the foreseeable future. These directors, officers~~ and ~~affiliates~~subject ~~effectively control all matters requiring approval by the stockholders, including any determination with respect~~ to ~~the acquisition or disposition of assets, future issuances of securities, declarations of dividends and the election of directors~~manipulation. ~~This concentration of ownership may also delay, defer, or prevent a change in control and otherwise prevent stockholders other than our affiliates from influencing our direction and future.~~

~~There~~The volume of trading in our common stock is limited and can be dominated by a ~~public~~few ~~market~~individuals. ~~for~~The ~~our~~limited ~~stock~~volume, ~~but~~if itany, iscan ~~thin~~make ~~and~~the price of our common stock subject to manipulation by one or more stockholders and will significantly limit the number of shares that one can purchase or sell in a short period of time. An investor may find it difficult to dispose of shares of our common stock or obtain a fair price for our common stock in the market.

The ~~volume~~market ofprice ~~trading~~for in our common stock is ~~limited~~volatile and ~~can~~may bechange ~~dominated~~dramatically byat ~~a few individuals. The limited volume, if~~ any, ~~can make the price of our common stock subject to manipulation by one or more stockholders and will significantly limit the number of shares that one can purchase or sell in a short period of~~ time. ~~An investor may find it difficult to dispose of shares of our common stock or obtain a fair price for our common stock in the market.~~

~~The market price for our common stock is volatile and may change dramatically at any time.~~ 10

The market price of our common stock, like that of the securities of other early-stage companies, is highly volatile. Our stock price may change dramatically as the result of announcements of our quarterly results, the rate of our expansion, significant litigation or other factors or events that would be expected to affect our business or financial condition, results of operations and other factors specific to our business and future prospects. In addition, the market price for our common stock may be affected by various factors not directly related to our business, including the following:

·intentional manipulation of our stock price by existing or future stockholders;

·short selling of our common stock or related derivative securities;

·a single acquisition or disposition, or several related acquisitions or dispositions, of a large number of our shares;

10·the interest, or lack of interest, of the market in our business sector, without regard to our financial condition or results of operations;

·the ~~interest,~~adoption orof ~~lack~~governmental ofregulations ~~interest,~~and ofsimilar developments in the ~~market~~United inStates ~~our~~or ~~business~~abroad ~~sector,~~that ~~without~~may ~~regard~~affect our ability to offer our ~~financial~~products ~~condition~~and services or ~~results~~affect ofour ~~operations~~cost structure;

·~~the adoption of governmental regulations and similar~~ developments in the ~~United~~businesses ~~States~~of orcompanies ~~abroad~~ that ~~may~~purchase ~~affect~~ our ~~ability to offer our~~ products; and ~~services or affect our cost structure;~~

·~~developments~~economic and other external market factors, such as a general decline in ~~the~~market ~~businesses~~prices ofdue ~~companies~~to ~~that~~poor ~~purchase~~economic ~~our~~indicators ~~products;~~or ~~and~~investor distrust.

·~~economic~~Our ~~and~~business ~~other~~may ~~external~~be ~~market~~affected ~~factors,~~by ~~such~~increased ascompensation aand ~~general~~benefits ~~decline in market prices due to poor economic indicators or investor distrust~~costs.

~~·Our~~We currently intend to retain all available funds and any future earnings for use in the operation and expansion of our business. ~~may~~We do not anticipate paying any cash dividends in the foreseeable future, and it is unlikely that investors will derive any current income from ownership of our stock. This means that your potential for economic gain from ownership of our stock depends on appreciation of our stock price and will only be ~~affected~~realized by ~~increased~~a ~~compensation~~sale ~~and~~of ~~benefits~~the ~~costs~~stock at a price higher than your purchase price.

WeOur ~~currently~~common ~~intend~~stock tois ~~retain~~a ~~all~~“low-priced ~~available~~stock” ~~funds~~ and ~~any~~subject ~~future~~to ~~earnings~~regulation ~~for~~that ~~use~~limits inor ~~the~~restricts ~~operation and expansion of our business. We do not anticipate paying any cash dividends in~~ the ~~foreseeable future, and it is unlikely that investors will derive any current income from ownership of our stock. This means that your~~ potential market for ~~economic gain from ownership of~~ our stock ~~depends on appreciation of our stock price and will only be realized by a sale of the stock at a price higher than your purchase price~~.

~~Our~~Shares of our common stock ismay abe deemed to be “low-priced” or “penny stock,” ~~and~~resulting ~~subject~~in increased risks to ~~regulation~~our ~~that~~investors ~~limits~~and orcertain ~~restricts~~requirements ~~the~~being ~~potential~~imposed ~~market~~on ~~for~~some brokers who execute transactions in our common stock. In general, a low-priced stock is an equity security that:

~~Shares~~·Is ~~of our common stock may be deemed to be “low-~~priced” orunder ~~“penny~~five stock,” resulting in increased risks to our investors and certain requirements being imposed on some brokers who execute transactions in our common stock. In general, a low-priced stock is an equity security that:dollars;

·Is ~~priced~~not ~~under~~traded ~~five~~on ~~dollars~~a national stock exchange, the Nasdaq Global Market or the Nasdaq Capital Market;

·Is ~~not~~issued ~~traded~~by on a ~~national~~company ~~stock~~that ~~exchange,~~has ~~the~~less ~~Nasdaq~~than ~~Global~~$5 ~~Market~~million in net tangible assets (if it has been in business less than three years) or ~~the~~has ~~Nasdaq~~less ~~Capital~~than ~~Market~~$2 million in net tangible assets (if it has been in business for at least three years); and

·Is issued by a company that has ~~less~~average ~~than~~revenues $5of ~~million in net tangible assets (if it has been in business~~ less than ~~three years) or has less than~~ $26 million ~~in net tangible assets (if it has been in business~~ for atthe ~~least~~past three years~~); and~~.

~~·Is issued by a company that has average revenues of less than $6 million for the past three years.~~ 11

We believe that our common stock is presently a “penny stock.” At any time the common stock qualifies as a penny stock, the following requirements, among others, will generally apply:

·Certain broker-dealers who recommend penny stock to persons other than established customers and accredited investors must make a special written suitability determination for the purchaser and receive the purchaser’s written agreement to a transaction prior to sale.

·Prior to executing any transaction involving a penny stock, certain broker-dealers must deliver to certain purchasers a disclosure schedule explaining the risks involved in owning penny stock, the broker-dealer’s duties to the customer, a toll-free telephone number for inquiries about the broker-dealer’s disciplinary history and the customer’s rights and remedies in case of fraud or abuse in the sale.

·In connection with the execution of any transaction involving a penny stock, certain broker-dealers must deliver to certain purchasers the following:

obid ~~Obid~~ and offer price quotes and volume information;

othe ~~Othe~~ broker-dealer’s compensation for the trade;

othe ~~Othe~~ compensation received by certain salespersons for the trade;

omonthly ~~Omonthly~~ accounts statements; and

oa Oa written statement of the customer’s financial situation and investment goals.

1112

ITEM 8. FINANCIAL STATEMENTS

NOTE: THE FINANCIAL STATEMENTS, RELATED NOTES AND THE OTHER INFORMATION INCLUDED IN THIS REPORT HAVE NOT BEEN REVIEWED BY THE COMPANY’S OUTSIDE ACCOUNTANT PRIOR TO THE FILING OF THIS REPORT.

Sector 10, Inc.

(A DEVELOPMENT STAGE COMPANY)

CONSOLIDATED BALANCE SHEETS

For the Years Ended March 31, ~~2021~~2022 and ~~2020~~2021

		March 31, 2021		March 31, 2020
		March 31, 2022	March 31,2021
		(Unaudited)	(Unaudited)	~~(Unaudited)~~
ASSETS
Current assets:
Cash	$	$-	$-	-
Inventory, net		-	-	-
Total current assets		-	-	-
Fixed assets cost		-	-	~~22,250~~
Less: accumulated depreciation		-	-	~~(22,250)~~
Net fixed assets		-	-	-
Other assets - Network acquisition/development costs		-	-	-
Total assets	$	$0	$0	0
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Accounts payable and accrued liabilities	$	10$9,~~055~~687,~~578~~464	$10,055,578	~~11,592,288~~
Note payable - short term		~~320~~164,~~615~~000	320,615	~~803,615~~
Total current liabilities		109,~~376~~851,~~193~~464	10,376,193	~~12,395,903~~
Long term liabilities:
Note payable		0	0	0
Total long term liabilities		0	0	0
Total liabilities		109,~~376~~851,~~193~~464	10,376,193	~~12,395,903~~
Shareholders' equity (deficit)
Preferred shares - $0.001 par value; 1,000,000 authorized, no shares issued or outstanding		0	0	0
Common shares - $0.001 par value; 199,000,000 authorized; 305,778 and 305,778 shares issued and outstanding, respectively		306	306	~~306~~
Additional paid-in-capital		6,148,229	6,148,229	~~6,148,229~~
Deficit accumulated during development stage		(1615,~~524~~999,~~728~~999)	(16,524,728)	~~(18,544,438)~~
Total shareholders' equity (deficit)		(109,~~376~~851,~~193~~464)	(10,376,193)	~~(12,395,903)~~
Total liabilities and shareholders' equity (deficit)	$	$0	0	0

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

1213

Sector 10, Inc.

(A DEVELOPMENT STAGE COMPANY)

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

For the Years Ended March 31, ~~2021~~2022 and ~~2020~~2021 and for the Period From Inception,

September 16, 2002 to March 31, ~~2021~~2022

		Years Ended			Inception to		~~Inception to~~
		March 31, 2021		March 31, 2020			March 31, 2021
		March 31, 2022	March 31, 2021		March 31, 2022
		(Unaudited)	(Unaudited)	~~(Unaudited)~~
Sales	$	$-	$-	-	$18,500	$	~~18,500~~
Cost of Sales		-	-	-	(18,032)		~~(18,032)~~
Gross Profit		-	-	-	468		~~468~~
Expenses:
General and administrative		4834,~~596~~578	48,596	~~832,106~~	14,493,428		~~14,458,850~~
Depreciation					24,106		~~24,106~~
Research and development					226,108		~~226,108~~
Total expenses		4834,~~596~~578	48,596	~~832,106~~	14,743,642		~~14,709,064~~
Income (loss) from operations		(4834,~~596~~578)	(48,596)	~~(832,106)~~	(14,743,174)		~~(14,708,596)~~
Interest expense		(4717,~~226~~119)	(47,226)	~~(526,157)~~	(3,317,988)		~~(3,300,869)~~
Other income (expense)		2576,~~115,532~~426	2,115,532	0	2,061,163		~~1,484,737~~
Net income (loss) before income taxes		2524,~~019,710~~729	2,019,710	~~(1,358,263)~~	(15,999,999)		~~(16,524,728)~~
Provision for income taxes		0	0	0	0		0
Net income (loss) after income taxes	$	2$524,~~019,710~~729	$2,019,710	~~(1,358,263)~~	$(15,999,999)	$	~~(16,524,728)~~
Weighted Average Shares Outstanding - basic and diluted		305,778	305,778	~~305,778~~
Basic and diluted income (loss) per share
Continuing Operations	$	6$1.6172	$6.61	~~(4.44)~~
Net Income (Loss)	$	6$1.6172	$6.61	~~(4.44)~~

The accompanying notes are an integral part of these consolidated financial statements

1314

Sector 10, Inc.

(A DEVELOPMENT STAGE COMPANY)

UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' DEFICIT

For the period from September 16, 2002 (inception) through March 31, ~~2021~~2022

	~~Common Stock~~	Common Stock			Additional Paid-In	~~Additional Paid-In~~	Deficit Accumulated During Development		~~Deficit Accumulated During Development~~
	~~Shares~~	Shares		Amount	Capital	~~Capital~~	Stage		~~Stage~~
Balance at Inception, September, 16, 2002	-	-	$	$-	$-	-	$-	$	-
Issued Shares	~~10,000~~	10,000		10	(1,414)	~~(1,414)~~	-		-
Net loss for the period 12/31/2002	-	-		-	-	-	(3,586)		~~(3,586)~~
Net loss for the period 1/1/2003 to 3/31/2007	-	-		-	-	-	-		-
Recapitalization	~~5,464~~	5,464		6	(703,166)	~~(703,166)~~	-		-
Net loss for the period 3/31/2008	-	-		-	-	-	(123,946)		~~(123,946)~~
Issued Shares 3/31/2009	~~20,256~~	20,256		20	1,702,738	~~1,702,738~~	-		-
Gain on extinguishment of debt	-	-		-	10,850	~~10,850~~	-		-
Net loss for the period 3/31/2009	-	-		-	-	-	(532,775)		~~(532,775)~~
Issued Shares 3/31/2010	~~65,099~~	65,099		65	3,265,424	~~3,265,424~~	-		-
Net loss for the period 3/31/2010	-	-		-	-	-	(4,587,632)		~~(4,587,632)~~
Balance at March 31, 2010 (audited)	~~100,819~~	100,819		101	4,274,432	~~4,274,432~~	(5,247,939)		~~(5,247,939)~~
Issued Shares (unaudited)	~~243,443~~	243,443		243	1,199,745	~~1,199,745~~	-		-
Adjustment to value of stock options at 3/31/ 2011 (unaudited)	-	-		-	116,455	~~116,455~~	-		-
Discount on Convertible notes (unaudited)	-	-		-	206,324	~~206,324~~	-		-
Net loss for the period 3/31/2011 (unaudited)	-	-		-	-	-	(2,572,447)		~~(2,572,447)~~
Issued Shares (unaudited)	~~(23,315)~~	(23,315)		(23)	76,988	~~76,988~~	-		-
Adjust for 500-to 1 reverse split (unaudited)	~~(15,169)~~	(15,169)		(15)	152,451	~~152,451~~	-		-
Adjustment to value of stock options at 3/31/2012 (unaudited)	-	-		-	97,048	~~97,048~~	-		-
Net loss for the period 3/31/2012 (unaudited)	-	-		-	-	-	(1,447,492)		~~(1,447,492)~~
Adjustment to value of stock options at 3/31/2013 (unaudited)	-	-		-	24,786	~~24,786~~	-		-
Net loss for the period 3/31/2013 (unaudited)	-	-		-	-	-	(963,191)		~~(963,191)~~
Net loss for the period 3/31/2014 (unaudited)	-	-		-	-	-	(997,806)		~~(997,806)~~
Net loss for the period 3/31/2015 (unaudited)	-	-		-	-	-	(1,074,487)		~~(1,074,487)~~
Net loss for the period 3/31/2016 (unaudited)	-	-		-	-	-	(1,137,218)		~~(1,137,218)~~
Net loss for the period 3/31/2017 (unaudited)	-	-		-	-	-	(1,219,080)		~~(1,219,080)~~
Net loss for the period 3/31/2018 (unaudited)	-	-		-	-	-	(1,221,132)		~~(1,221,132)~~
Net loss for the period 3/31/2019 (unaudited)	-	-		-	-	-	(1,305,383)		~~(1,305,383)~~
Net loss for the period 3/31/2020 (unaudited)	-	-		-	-	-	(1,358,263)		~~(1,358,263)~~
Balance at March 31, 2020 (unaudited)	305,778		$	306	$	6,148,229		$	(18,544,438)
Net income for the period 3/31/2021 (unaudited)		-		-	-		2,019,710
Net income for the period 3/31/2021 (unaudited)	-			-		-			2,019,710
Balance at March 31, 2021 (unaudited)		305,778		$306	$6,148,229		$(16,524,728)
Balance at March 31, 2020 (unaudited)	305,778		$	306	$	6,148,229		$	(16,524,728)
Net income for the period 3/31/2022 (unaudited)		-		-	-		524,729
Balance at March 31, 2022 (unaudited)		305,778		$306	$6,148,229		$(15,999,999)

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

1415

Sector 10, Inc.

(A DEVELOPMENT STAGE COMPANY)

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

For Years Ended March 31, ~~2021~~2022 and ~~2020~~ 2021

and for the Period From Inception,

September 16, 2002, to March 31, ~~2021~~2022

		Years Ended			Inception to		~~Inception to~~
		March 31, 2021		March 31, 2020			March 31, 2021
		March 31, 2022	March 31, 2021		March 31, 2022
Cash Flows from Operating Activities:
Net Loss	$	2$524,~~019,710~~729	$2,019,710	~~(1,358,263)~~	$(15,999,999)	$	~~(16,524,728)~~
Adjustments to reconcile net loss to net cash used in operating activities:
Stock for services		-	-	-	5,114,493		~~5,114,493~~
Depreciation		-	-	-	24,106		~~24,106~~
Net discount on convertible debt		-	-	-	206,324		~~206,324~~
Loss due to Impairment / Gain on restructuring		-	-	-	630,795		~~630,795~~
Changes in:
Inventory and other current assets		-	-	-	(4,869)		~~(4,869)~~
Accounts payable and accrued liabilities		(2524,~~019,710~~729)	(2,019,710)	~~1,358,263~~	9,561,552		~~10,086,281~~
Net cash used in operating activities		-	-	-	(467,598)		~~(467,598)~~
Cash Flows from Investing Activities:
Fixed asset / Other asset purchases		-	-	-	(189,541)		~~(189,541)~~
Net cash used in investing activities		-	-	-	(189,541)		~~(189,541)~~
Cash Flows from Financing Activities:
Net Proceeds from general financing		-	-	-	737,500		~~737,500~~
Net Proceeds (payments) from shareholder / officers		-	-	-	(113,947)		~~(113,947)~~
Proceeds from issuance of common stock		-	-	-	33,586		~~33,586~~
Net cash provided by financing activities		-	-	-	657,139		~~657,139~~
Net increase (decrease) in cash		-	-	-	-		-
Beginning of period - continuing operations		-	-	-	-		-
End of period - continuing operations	$	$-	$-	-	$-	$	-
Cash paid for interest	$	$-	$-	-	$24,295	$	~~24,295~~
Cash paid for income taxes	$	$-	$-	-	$-	$	-

The accompanying notes are an integral part of these consolidated financial statements

1516

Sector 10, Inc.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 1 - ORGANIZATION AND BUSINESS OPERATIONS

The Company markets the MRU – SRU product lines and the various solutions related to mobile assets.

Note 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation and Consolidation

The accompanying unaudited consolidated condensed financial statements of Sector 10, Inc. (“Sector 10” or the “Company”), have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-QK and required by Rule 10-01 of Regulation S-X. They do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, considered necessary for a fair presentation, have been included in the accompanying unaudited consolidated financial statements. Operating results for the periods presented are not necessarily indicative of the results that may be expected for the full year.

Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain 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. Actual results could differ from those estimates.

Cash and Cash Equivalents

It is the Company’s policy to invest cash with financial institutions judged to be highly secure. For purposes of the statement of cash flow, the Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents.

Accounts Receivable

The Company extends credit to its customers in the normal course of business. The Company reviews outstanding receivables, and provides for estimated losses through an allowance for doubtful accounts. In evaluating the level of established loss reserves, the Company makes judgments regarding its customers’ ability to make required payments, economic events and other factors. As the financial condition of these parties change, circumstances develop or additional information becomes available, adjustments to the allowance for doubtful accounts may be required. The Company has no sales and no receivables outstanding for the fiscal year ended March 31, ~~2020~~2022.

Inventory

Inventories are valued at the lower of cost and net realizable value. Cost is determined on a first-in, first-out basis. ~~Due~~ There ~~to pending litigation, there~~ was no sales activity and no inventory on hand at the fiscal year ended March 31, ~~2021~~2022. ~~Due~~The ~~to the impact of the extended litigation, the~~ inventory has been recorded at no value as of March 31, ~~2021~~2022. Therefore, for the fiscal year ended March 31, ~~2021~~2022, all inventory and the related reserve was $0.

1617

Property and Equipment and Depreciation

Property and equipment are carried at historical cost less accumulated depreciation. The cost of maintenance and repairs is charged to income as incurred, whereas significant renewals and betterments are capitalized. The cost and the related accumulated depreciation of assets sold or otherwise retired are eliminated from the accounts and any gain or loss is included in the statement of income.

The Company provides for depreciation of property and equipment principally by use of the straight-line method for financial reporting purposes. Depreciation begins in the month that depreciable assets are placed in service. The only assets currently placed in service are computers and furniture and equipment. Computers and depreciable equipment are estimated to have a useful life of 5 years. Depreciation is computed based on a straight line basis over the estimated useful life. All property and equipment is fully depreciated at the end of the fiscal year end. And is no longer reflected as an asset.

~~Notes Payable~~Contingencies

~~The~~We ~~Company~~account ~~received~~for ~~funding~~loss ~~from~~contingencies ~~outside~~in ~~investors~~accordance towith ~~assist~~ASC ~~with~~450, "Accounting for Contingencies." Accordingly, when management determines that it is probable that an asset has been impaired or a liability has been incurred, we accrue our best estimate of the loss if it can be reasonably estimated. Our legal costs related to litigation are expensed as incurred.

~~Contingencies~~Income Tax

WeDeferred ~~account~~taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss, ~~contingencies~~tax incredit ~~accordance~~carryforwards ~~with~~and ~~ASC~~deferred ~~450,~~tax ~~"Accounting~~liabilities are recognized for ~~Contingencies~~taxable temporary differences." ~~Accordingly,~~Temporary ~~when~~differences ~~management~~are ~~determines~~the ~~that~~differences itbetween isthe ~~probable~~reported ~~that~~amounts anof ~~asset~~assets ~~has~~and ~~been~~liabilities ~~impaired~~and ortheir tax basis. Deferred tax assets are reduced by a ~~liability~~valuation ~~has~~allowance ~~been~~when, ~~incurred~~in the opinion of management, weit ~~accrue~~is ~~our~~more ~~best~~likely ~~estimate~~than not that some portion or all of the ~~loss~~deferred iftax itassets ~~can~~will not be ~~reasonably estimated~~realized. ~~Our~~Deferred ~~legal~~tax ~~costs~~assets ~~related~~and toliabilities ~~litigation~~ are ~~expensed~~adjusted asfor ~~incurred~~the effects of changes in the tax laws and rates on the date of enactment.

~~Income~~Earnings ~~Tax~~/ Loss Per Share

~~Deferred~~In ~~taxes~~accordance ~~are~~with ~~provided~~ASC on280, a"Earnings ~~liability~~Per ~~method~~Share," ~~whereby~~we ~~deferred~~report ~~tax~~basic ~~assets~~loss ~~are~~per ~~recognized~~common ~~for deductible temporary differences and operating loss~~share, ~~tax~~which ~~credit~~excludes ~~carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are~~ the ~~differences~~effect ~~between the reported amounts~~ of ~~assets~~potentially ~~and~~dilutive ~~liabilities~~securities, and ~~their~~diluted ~~tax~~loss ~~basis. Deferred~~per ~~tax~~common ~~assets are reduced by a valuation allowance when~~share, inwhich includes the ~~opinion~~effect of ~~management, it is more likely than not that some portion or~~ all ofpotentially ~~the~~dilutive ~~deferred~~securities ~~tax~~unless ~~assets~~their ~~will~~impact ~~not~~is ~~be realized~~anti-dilutive. ~~Deferred tax assets and liabilities are adjusted for the effects of changes in the tax laws and rates on the date of enactment.~~

~~Earnings / Loss Per~~ Share-Based Compensation

InWe ~~accordance~~may, ~~with~~from ~~ASC~~time ~~280~~to time, ~~"Earnings~~issue ~~Per~~common ~~Share~~stock," westock ~~report~~options ~~basic~~or ~~loss~~common ~~per~~stock ~~common~~warrants ~~share,~~to ~~which~~acquire ~~excludes~~services ~~the~~or ~~effect~~goods offrom ~~potentially~~non-employees. ~~dilutive~~Common ~~securities~~stock, stock options and ~~diluted~~common ~~loss~~stock ~~per~~warrants ~~common~~issued ~~share,~~to ~~which~~persons ~~includes~~other ~~the~~than ~~effect~~employees ofor ~~all~~directors ~~potentially~~are ~~dilutive~~recorded ~~securities~~on ~~unless~~the ~~their~~basis ~~impact~~of istheir ~~anti-dilutive~~fair value.

~~Share-Based~~Long ~~Compensation~~Lived Assets

WeThe ~~may,~~Company ~~from~~maintains ~~time~~a toLong ~~time,~~Lived ~~issue~~Asset ~~common~~which ~~stock~~is reviewed regularly for impairment. In its review for impairment, ~~stock~~the ~~options~~Company orprepares ~~common~~estimates ~~stock~~of ~~warrants~~future cash flows to ~~acquire~~assist ~~services~~in orthe ~~goods~~determination ~~from~~of ~~non-employees~~the asset’s recoverability. ~~Common~~If ~~stock,~~there ~~stock~~is ~~options~~an ~~and~~issue ~~common~~regarding ~~stock~~recoverability, ~~warrants~~an ~~issued~~independent valuation will be obtained to ~~persons~~determine ~~other~~any ~~than~~required ~~employees~~adjustment orfor ~~directors~~impairment The estimates used in determining for recoverability are ~~recorded~~updated onby the Company on a regular basis ofto ~~their~~provide ~~fair~~guidance ~~value~~for management’s quarterly and annual reporting.

~~Long Lived Assets~~18

~~The~~Revenue Company maintains a Long Lived Asset which is reviewed regularly for impairment. In its review for impairment, the Company prepares estimates of future cash flows to assist in the determination of the asset’s recoverability. If there is an issue regarding recoverability, an independent valuation will be obtained to determine any required adjustment for impairment The estimates used in determining for recoverability are updated by the Company on a regular basis to provide guidance for management’s quarterly and annual reporting.Recognition

17The Company had no sales activity during the current fiscal year ended March 31, 2022. The Company records sales of its products based upon the terms of the contract; when title passes to its customers; and, when collectability is reasonably assured.

~~Revenue~~Impact ~~Recognition~~of Recent Accounting Pronouncements

~~The~~Sector ~~Company~~10 ~~had~~does nonot ~~sales~~expect ~~activity during~~ the ~~current~~adoption ~~fiscal year ended March 31, 2021. The Company records sales~~ of ~~its~~any ~~products~~recently ~~based~~issued ~~upon~~accounting ~~the~~pronouncements ~~terms~~to ofhave ~~the~~a ~~contract;~~material ~~when~~impact ~~title~~on ~~passes to~~ its ~~customers;~~financial ~~and,~~condition ~~when~~or ~~collectability~~results isof ~~reasonably assured~~operations.

~~Impact~~Note of3 ~~Recent Accounting Pronouncements~~– INVENTORY

~~Sector~~There 10were ~~does~~no ~~not~~sales ~~expect~~in the ~~adoption~~year ofended ~~any~~March ~~recently~~31, ~~issued~~2022. ~~accounting~~The ~~pronouncements~~inventory toreflected ~~have~~on athe ~~material~~books ~~impact~~was on$0 ~~its~~for ~~financial~~the ~~condition~~fiscal oryear ~~results~~ended ofMarch ~~operations~~31. 2022.

Note 34 – ~~INVENTORY~~NOTES PAYABLE

~~There~~Johnson ~~were no sales in the year ended March 31, 2021. The inventory reflected on the books was $0 for the fiscal year ended March 31. 2021.~~ Financing

~~Note~~Total 4interest ~~– NOTES~~accrued ~~PAYABLE~~as of March 31, 2022 is $0 . A total of $2,598 was accrued in the first three months ended June 30, 2021. In the period ended September 30, 2021, an additional review of the Dutro settlement impact was conducted. In the review of the settlement impact, three loans were considered to be included within the terms of the settlement agreement including the Johnson loan. The full amount of the loan balances plus all accrued interest was treated as a gain on the extinguishment of debt as a result of the Court’s decision. No interest was accrued since June 30, 2021. No further interest shall be accrued in future periods.

~~Johnson~~Dutro Financing:

~~Total~~In ~~interest~~October ~~accrued~~2020, asThe Court dismissed the Dutro Litigation with no amounts due either party. As a result of ~~March~~the 31Court’s decision, ~~2021~~the contingent interest along with the full outstanding loan balance was ~~$106,867~~forgiven ofand ~~which~~no ~~$10,394~~future interest is due. No interest was accrued ~~during~~in the ~~fiscal~~current ~~year~~period. ~~ended~~No ~~March~~further ~~31,~~interest ~~2021~~shall be accrued in future periods.

The contingent reserve - interest includes all interest accrued on the Dutro ~~Financing:~~Company note and all interest accrued after July 1, 2010 for the Vicki Davis and William Dutro note. Interest accrued during the fiscal year ended March 31, 2021 was $18,112 comprised of Dutro Company - $9,375, Vick Davis - $6,300 and William Dutro - $2,437. The Company agreed to a settlement in the Dutro litigation. In the settlement, no payments were due either party. As a result, the loans and all contingent interest were extinguished in Q3 of the fiscal year. Total contingent reserve - interest for the period ended March 31, 2021 is $0.

~~The~~Employee contingent reserve - interest includes all interest accrued on the Dutro Company note and all interest accrued after July 1, 2010 for the Vicki Davis and William Dutro note. Interest accrued during the fiscal year ended March 31, 2021 was $18,112 comprised of Dutro Company - $9,375, Vick Davis - $6,300 and William Dutro - $2,437. The Company agreed to a settlement in the Dutro litigation. In the settlement, no payments were due either party. As a result, the loans and all contingent interest were extinguished in Q3 of the fiscal year. Total contingent reserve - interest for the period ended March 31, 2021 is $0. No additional interest will be accrued,Agreement:

~~Employee~~The ~~Agreement:~~financial statements reflect an accrual of interest on unpaid wages and other compensation in the amount of $2,357,414. No amount was accrued during the current fiscal year. In September 2020, the Company decided to stop all accruals of salary and employee contract interest as of the end of the fiscal year ended March 31, 2020. No future accruals will be made for either interest on unpaid wages or on accrued wages.

~~The~~Other financial statements reflect an accrual of interest on unpaid wages and other compensation in the amount of $2,357,414 of which $0 is accrued during the year ended March 31, 2021. In September 2020, the Company made a decision to stop all accruals of salary and employee contract interest as of the end of the last fiscal year. No future accruals will be made for either interest on unpaid wages or on accrued wages.Notes

~~Other~~Individuals ~~Notes~~– short term

~~Individuals~~Total ~~– short~~interest ~~term~~accrued as of March 31, 2022 was $80,794 of which $9,401 was accrued during the fiscal year ended March 31, 2022. The current period interest is included as part of other notes interest.

Total interest accrued as of March 31, 2021 was $107,290 of which $13,520 was accrued during the fiscal year ended March 31, 2021. The current period interest is included as part of other notes interest. 19

~~Asher~~In ~~Enterprises~~the period ended September 30, ~~Inc~~2021, an additional review of the Dutro settlement impact was conducted. In the review of the settlement impact, three loans were considered to be included within the terms of the settlement agreement including two individual loans totaling $70,000. The full amount of the loan balances plus all accrued interest of $35,816 was treated as a gain on the extinguishment of debt as a result of the Court’s decision. No interest was accrued on these loans since June 30, 2021. No further interest shall be accrued on these loans in future periods.

~~The Company entered into multiple financing transactions with~~ Asher Enterprises, Inc. ~~to raise capital for Company operations. Each transaction was structured as a Convertible Debenture due 9 months after the issue accruing interest at an annual rate of 8%~~

Total interest accrued ~~(without discount amortization)~~ as of March 31, ~~2021~~2022 was $5762,~~702~~902 of which $5,200 was accrued during the fiscal year ended March 31, ~~2021~~2022. The current period interest is included as part of other notes interest.

18Summary of Interest and Notes Payable

Summary of Interest and Notes Payable

Interest expense	March 31, 2022	March 31, 2021

Interest – Johnson	2,598	10,394
Interest – Dutro Group	-	18,112
Interest - Employee Group	-	-
Interest – Other Notes	14,601	18,720
Total interest expense	$17,119	$47,226

Interest expense		March 31, 2021		March 31, 2020
Note Payable Balance		March 31, 2022	March 31, 2021
Interest – Johnson		10,394		10,394
Edward Johnson – Johnson Financing		$-	$86,615
Interest – Dutro Group		18,112		36,225
Various Individuals – Other Notes		99,000	169,000
Interest - Employee Group		-		460,818
Asher Enterprises, Inc. – Other Notes		65,000	65,000
Interest – Other Notes		18,720		18,720
Vicki Davis - Dutro Group		-	-
Total interest expense	$	47,226	$	526,157
William Dutro – Dutro Group		-	-
Dutro Company – Dutro Group		-	-
Total Note Payable – short term		$164,000	$320,615
Total Note Payable – long term		-	$-
Total Notes Payable		$164,000	$320,615

Note Payable Balance		March 31, 2021		March 31, 2020
Edward Johnson – Johnson Financing	$	86,615	$	86,615
Various Individuals – Other Notes		169,000		169,000
Asher Enterprises, Inc. – Other Notes		65,000		65,000
Vicki Davis - Dutro Group		-		168,000
William Dutro – Dutro Group		-		65,000
Dutro Company – Dutro Group		-		250,000
Total Note Payable – short term	$	320,615	$	803,615
Total Note Payable – long term		-	$	-
Total Notes Payable	$	320,615	$	803,615

Debt Maturity Schedule

~~Debt~~As ~~Maturity~~of ~~Schedule~~March 31, 2022 the annual maturities for notes payable are scheduled as follows:

As of March 31, 2020 the annual maturities for notes payable are scheduled as follows:

Fiscal Year	Amount

March 31, 2022	164,000
March 31, 2023	-
March 31, 2024	-

Total	$164,000

Fiscal Year		Amount
March 31, 2021		320,615
March 31, 2022		-
March 31, 2023		-
Total	$	320,615

All interest is due under the terms of the various agreements. However future interest payments will not be made until cash flow issues are resolved, funding is available and a satisfactory revised payment arrangement is completed by all parties.

All interest is due under the terms of the various agreements. However future interest payments will not be made until all pending litigation is resolved and a satisfactory revised payment arrangement is completed by all parties. 20

Note 5 – EQUITY

During the Fiscal Year ended: March 31, ~~2020~~2022:

No equity transactions occurred in the period ended March 31, ~~2020.~~2022

During the Fiscal Year ended: March 31, 2021:

No equity transactions occurred in the period ended March 31, 2021.

19Note 6 – GOING CONCERN

~~Note~~The 6Company ~~– GOING~~generated ~~CONCERN~~minimal revenues prior to the current fiscal year. No revenues were generated for the fiscal year ended March 31, 2022. This level of revenues is not sufficient for the Company to meet its future obligations. This factor raises substantial doubt about the Company’s ability to continue as a going concern.

~~The~~Note ~~Company~~7 ~~generated~~- ~~minimal~~INCOME revenues prior to the current fiscal year. No revenues were generated for the fiscal year ended March 31, 2021. This level of revenues is not sufficient for the Company to meet its future obligations. This factor raises substantial doubt about the Company’s ability to continue as a going concern.TAX

~~Note~~Income 7taxes -are ~~INCOME~~accounted ~~TAX~~for using the asset and liability method. Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

~~Income~~Net ~~taxes are accounted for using the asset and liability method. Deferred taxes are provided on a liability method whereby~~ deferred tax assets ~~are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax~~ /liabilities ~~are~~consist ~~recognized~~of ~~for taxable temporary differences. Temporary differences are~~ the ~~differences~~following ~~between~~components ~~the~~as ~~reported amounts~~ of ~~assets~~March ~~and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when~~31, in2022 ~~the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets~~ and ~~liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.~~2021:

Net deferred tax assets /liabilities consist of the following components as of March 31, 2021 and 2020:

	March 31, 2022	March 31, 2021
Deferred tax assets:
NOL Carryover	$408,944	$327,348
Related Party Accruals	2,160,033	2,152,394
Accrued Expenses	261,833	361,501

Deferred tax liabilities
Depreciation	0	0

Valuation allowance	(2,830,810)	(2,841,243)
Net deferred tax asset	$-	$-

		March 31, 2021		March 31, 2020
Deferred tax assets:
NOL Carryover	$	327,348	$	433,762
Related Party Accruals		2,152,394		3,341,471
Accrued Expenses		361,501		1,179,521
Deferred tax liabilities
Depreciation		0		-
Valuation allowance		(2,841,243)		(4,954,754)
Net deferred tax asset	$	-	$	-

The income tax provision differs from the amount of income tax determined by applying the U.S. federal and state income tax rate to pretax income from continuing operations for the years ended March 31, ~~2021~~2022 and ~~2020~~2021 due to the following:

		March 31, 2021			March 31, 2020
	March 31, 2022		March 31, 2021
Book Income	$131,182	~~504,928~~	$504,928	$	~~(529,723)~~
Depreciation	0	0	0		-
Meals & Entertainment	0	0	0		-
Stock for Services & Finance	0	0	0		~~0 -~~
Related Party Accruals	7,640	~~10,425~~	10,425		~~462,940~~
Accrued Expenses	(99,669)	~~(394,602)~~	(394,602)		~~66,783~~
Impairment Loss	0	0	0		-
NOL Utilized	(39,153)	~~(120,751)~~	(120,751)		-
	$	-		$	-
	$-		$-

At March 31, ~~2021~~2022, the Company had net operating loss carryforwards of approximately $1,~~309~~635,~~311~~777 that may be offset against future taxable income. No tax provision has been reported in the March 31, ~~2021~~2022 financial statements since the potential tax benefit is offset by a the NOL carryover of the same amount.

Net operating loss carryforwards for Federal income tax reporting purposes are subject to annual limitations. No limitations applied to the current year as losses used were generated from pre-2018 tax years. Should a change in ownership occur, net operating loss carryforwards may be limited as to use in future years.

20The Financial Accounting Standards Board ("FASB") has issued ASC 740 for Accounting for Income Taxes that clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements. ASC 740 requires a company to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position. If the more-likely-than-not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements. As a result of the implementation of ASC 740, the Company performed a review of its material tax positions in accordance with recognition and measurement standards established by ASC 740.

The ~~Financial~~Company ~~Accounting~~had ~~Standards~~no ~~Board~~unrecognized ("FASB") has issued ASC 740 for Accounting for Income Taxes that clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements. ASC 740 requires a company to determine whether it is more likely than not that a tax ~~position~~benefit ~~will~~which bewould ~~sustained~~affect ~~upon examination based upon~~ the ~~technical~~effective ~~merits of the position. If the more-likely-than-not threshold is met, a company must measure the~~ tax ~~position~~rate toif ~~determine the amount to recognize in the financial statements~~recognized. ~~As a result of the implementation of ASC 740, the Company performed a review of its material tax positions in accordance with recognition and measurement standards established by ASC 740.~~

The Company ~~had~~includes nointerest ~~unrecognized~~and ~~tax~~penalties ~~benefit~~arising ~~which~~from ~~would~~the ~~affect~~underpayment of income taxes in the ~~effective~~consolidated ~~tax~~statements ~~rate~~of ifoperations ~~recognized~~in the provision for income taxes. As of March 31, 2022 the Company had no accrued interest or penalties related to uncertain tax positions.

The Company ~~includes~~files ~~interest~~income ~~and~~tax ~~penalties~~returns ~~arising~~in ~~from~~ the ~~underpayment~~U.S. offederal ~~income~~jurisdiction ~~taxes~~and in the ~~consolidated~~states ~~statements~~ of ~~operations~~Delaware, inUtah ~~the~~and ~~provision~~any ~~for~~other ~~income~~jurisdiction ~~taxes~~where required. AsWith offew ~~March 31~~exceptions, ~~2021~~ the Company ~~had~~is no ~~accrued~~longer ~~interest~~subject to U.S. federal, state and local, or ~~penalties~~non-U.S. ~~related~~income totax ~~uncertain~~examinations by tax ~~positions~~authorities for years before 2017.

~~The~~NOTE ~~Company~~8 ~~files~~– FAIR ~~income~~VALUE ~~tax~~OF ~~returns~~FINANCIAL in the U.S. federal jurisdiction and in the states of Delaware, Utah and any other jurisdiction where required. With few exceptions, the Company is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2017.INSTRUMENTS

~~NOTE~~The 8Company’s ~~– FAIR~~financial ~~VALUE~~instruments OFconsist ~~FINANCIAL~~of ~~INSTRUMENTS~~cash and cash equivalents, payables, and notes payable. The carrying amount of cash and cash equivalents and payables approximates fair value because of the short-term nature of these items. The carrying amount of the notes payable approximates fair value as the individual borrowings bear interest at rates that approximate market interest rates for similar debt instruments.

The Company’s financial instruments consist of cash and cash equivalents, payables, and notes payable. The carrying amount of cash and cash equivalents and payables approximates fair value because of the short-term nature of these items. The carrying amount of the notes payable approximates fair value as the individual borrowings bear interest at rates that approximate market interest rates for similar debt instruments.22

21Note 9 – OTHER INCOME

~~Note~~On 9October ~~– OTHER~~21, ~~INCOME~~2020, Sector 10 and the Dutro/Reality defendants have settled an 11 year legal conflict over disputed technology migration. Each side is responsible for their own legal expenditures and owing each other nothing. Based on this ruling, as of the fiscal year ended March 31, 2021, the Company has recognized other income for the extinguishment of debt released in the amount of $2,115,532. The amount includes the direct costs associated with the litigants as well as the legal fees that have been established over the years as a contingent reserve due to the Dutro Litigation. The total breakdown of the components of the Gain on the Extinguishment of Debt is as follows:

On October 21, 2020, Sector 10 and the Dutro/Reality defendants have settled an 11 year legal conflict over disputed technology migration. Each side is responsible for their own legal expenditures and owing each other nothing. Based on this ruling, as of the fiscal year ended March 31, 2021, the Company has recognized other income for the extinguishment of debt released in the amount of $2,115,532. The amount includes the direct costs associated with the litigants as well as the legal fees that have been established over the years as a contingent reserve due to the Dutro Litigation. The total breakdown of the components of the Gain on the Extinguishment of Debt is as follows:

*Gain on Extinguishment of Debt*

Dutro Company Loan	$250,000
Vicki Davis Loan	168,000
William Dutro Loan	65,000
Reality Engineering - Contingent Fee	50,000
Lee Allen - Contingent Fee	18,000
Dutro Company - Contingent Interest	209,073
Vicki Davis - Contingent Interest	129,150
William Dutro - Contingent Interest	49,968
Total Dutro Group Direct	939,191
Law Firm Legal Fees - Contingent Reserve	918,306
Legal Fees Accrued for litigation	258,035
Total Dutro Group Direct	1,176,341
Total Amounts released due to Court Settlement	2,115,532
Amount previously paid	-
Gain on Extinguishment of Debt	$2,115,532

Gain on Extinguishment of Debt
Dutro Company Loan	$ 250,000
Vicki Davis Loan	168,000
William Dutro Loan	65,000
Reality Engineering - Contingent Fee	50,000
Lee Allen - Contingent Fee	18,000
Dutro Company - Contingent Interest	209,073
Vicki Davis - Contingent Interest	129,150
William Dutro - Contingent Interest	49,968
Total Dutro Group Direct	939,191
Law Firm Legal Fees - Contingent Reserve	918,306
Legal Fees Accrued for litigation	258,035
Total Dutro Group Direct	1,176,341
Total Amounts released due to Court Settlement	2,115,532
Amount previously paid	-
Gain on Extinguishment of Debt	$ 2,115,532

In the period ended September 30, 2021, an additional review of the Dutro settlement impact was conducted and additional debts and liabilities were identified that should be released due to the terms of the settlement. The Company in the period ended September 30, 2021 has recognized other income for the extinguishment of debt released in the amount of $576,426. The total breakdown of the components of the Gain on the Extinguishment of Debt is as follows: .

Note 10 – SUBSEQUENT EVENTS

*Extinguishment of Debt*
Professional Services & Consulting fees	$274,529
Note-Payable - Ed Johnson	86,615
Note Payable - L. Brown	20,000
Note Payable - Legal Fees	50,000
Accrued Interest related to Notes Payable	145,282
Total Extinguishment of Debt @ 9/30/2021	$576,426

Recognized in FY March 31, 2021	2,115,532

Total Extinguishment of Debt Recognized	$2,691,958

~~The Company has evaluated subsequent events per the requirements of ASC Topic 855 and has determined that the following events should be disclosed.~~ 23

~~1)Since~~Note ~~the~~10 settlement of the litigation, the Company is reviewing various options to determine the future strategy of the Company operations. No determination has been finalized as of the filing date of this report.– SUBSEQUENT EVENTS

2)The ~~issues~~Company ~~surrounding~~has ~~the~~evaluated ~~prior~~subsequent ~~litigation~~events ~~impacted~~per the ~~Company’s~~requirements ~~ability~~of toASC ~~obtain~~Topic ~~funding~~855 ~~needed~~and tohas ~~operate~~determined that the ~~Company~~following events should be disclosed.

221)Since the settlement of the litigation, the Company is reviewing various options to determine the future strategy of the Company operations. No determination has been finalized as of the filing date of this report.

~~ITEM~~2)The 9.issues ~~CHANGES~~surrounding INthe ~~AND~~prior ~~DISAGREEMENTS~~litigation ~~WITH~~impacted ~~ACCOUNTANTS~~the ONCompany’s ~~ACCOUNTING~~ability ~~AND~~to ~~FINANCIAL~~obtain ~~DISCLOSURE~~funding needed to operate the Company.

The Company filed and/or will file all reports from the year ended March 31, 2011 and all subsequent periods until litigation is resolved with unaudited financial statements which is acceptable for a company trading on the Pink Sheets. Litigation was settled in the fiscal year ended March 31, 2021. When funds are available, the Company will engage their audit firm to conduct an audit of all unaudited periods in an effort to move back to the Over the Counter Bulletin Board. The Company is currently in discussions with an audit firm to discuss this process. 24

~~There~~ITEM ~~are~~9. noCHANGES ~~disagreements~~IN ~~with~~AND ~~the~~DISAGREEMENTS ~~accountants~~WITH onACCOUNTANTS ~~accounting~~ON ~~and/or~~ACCOUNTING ~~financial~~AND ~~disclosures.~~FINANCIAL DISCLOSURE

~~ITEM~~The 9ACompany filed and/or will file all reports from the year ended March 31, 2011 and all subsequent periods until litigation is resolved with unaudited financial statements which is acceptable for a company trading on the Pink Sheets. ~~CONTROLS~~Litigation ~~AND~~was ~~PROCEDURES~~settled in the fiscal year ended March 31, 2021. When funds are available, the Company will engage their audit firm to conduct an audit of all unaudited periods in an effort to move back to the Over the Counter Bulletin Board. The Company is currently in discussions with an audit firm to discuss this process.

~~Critical~~There ~~Accounting~~are ~~Policies~~no disagreements with the accountants on accounting and/or financial disclosures.

~~The~~ITEM Company maintains disclosure controls and procedures that are designed to ensure that information required to be disclosed in the Company's Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms, and that such information is accumulated and communicated to the Company's management, including its Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure based closely on the definition of "disclosure controls and procedures" in Rule 13a-15(e)9A. ~~The~~CONTROLS ~~Company’s~~AND disclosure controls and procedures are designed to provide a reasonable level of assurance of reaching the Company’s desired disclosure control objectives. In designing and evaluating the disclosure controls and procedures, management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management necessarily was required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures. PROCEDURES

AsCritical ofAccounting the end of the period being reported upon, the Company carried out an evaluation, under the supervision and with the participation of the Company's management, including the Company's Chief Executive Officer and the Company's Chief Financial Officer, of the effectiveness of the design and operation of the Company's disclosure controls and procedures. Based on the foregoing, our Principal Executive Officer and Principal Financial Officer concluded that our disclosure controls and procedures were effective at the reasonable assurance level. Policies

~~There~~The ~~have~~Company ~~been~~maintains nodisclosure ~~other~~controls ~~significant~~and ~~changes~~procedures that are designed to ensure that information required to be disclosed in ~~our~~the ~~internal~~Company's ~~controls~~Exchange orAct reports is recorded, processed, summarized and reported within the time periods specified in ~~other~~the ~~factors~~SEC's rules and forms, and that ~~could~~such ~~significantly~~information ~~affect~~is accumulated and communicated to the ~~internal~~Company's ~~controls~~management, ~~subsequent~~including its Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure based closely on the ~~date~~definition of "disclosure controls and procedures" in Rule 13a-15(e). The Company’s disclosure controls and procedures are designed to provide a reasonable level of assurance of reaching the Company’s ~~completed~~desired disclosure control objectives. In designing and evaluating the disclosure controls and procedures, management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management necessarily was required to apply its ~~evaluation~~judgment in evaluating the cost-benefit relationship of possible controls and procedures.

~~(a)Evaluation~~As of ~~Disclosure~~the ~~Controls~~end ~~and~~of ~~Procedures. Our management, with~~ the ~~participation~~period ofbeing ~~our~~reported ~~President~~upon, ~~evaluated~~ the ~~effectiveness~~Company ofcarried ~~our~~out ~~disclosure~~an ~~controls~~evaluation, ~~and~~under ~~procedures as of~~ the ~~end~~supervision ~~of the period covered by this report. The disclosure controls~~ and ~~procedures~~with ~~as of~~ the ~~end~~participation of the ~~period~~Company's ~~covered~~management, byincluding ~~this~~the ~~report~~Company's ~~were~~Chief ~~effective~~Executive ~~such~~Officer ~~that~~and the ~~information~~Company's ~~required~~Chief toFinancial beOfficer, ~~disclosed~~of ~~by us in reports filed under~~ the ~~Securities~~effectiveness ~~Exchange Act~~ of ~~1934~~the isdesign ~~(i) recorded, processed, summarized~~ and ~~reported~~operation ~~within~~of the ~~time periods specified in the SEC’~~Company's ~~rules~~disclosure ~~and~~controls ~~forms~~ and ~~(ii)~~procedures. ~~accumulated~~Based ~~and~~on ~~communicated~~the ~~to our management~~foregoing, ~~including~~ our ~~President,~~Principal asExecutive ~~appropriate~~Officer toand ~~allow~~Principal ~~timely~~Financial ~~decisions~~Officer ~~regarding~~concluded ~~disclosure. A controls system cannot provide absolute assurance, however,~~ that ~~the~~our ~~objectives~~disclosure ~~of the~~ controls ~~system are met,~~ and noprocedures ~~evaluation~~were ofeffective ~~controls~~at ~~can~~the ~~provide~~reasonable ~~absolute~~ assurance ~~that all control issues and instances of fraud, if any, within a company have been detected~~level.

~~Management’s~~There ~~Annual~~have ~~Report~~been onno ~~Internal~~other ~~Control~~significant ~~over~~changes ~~Financial~~in ~~Reporting.~~our ~~Our management is responsible for establishing and maintaining adequate~~ internal ~~control~~controls ~~over~~or ~~financial~~in ~~reporting~~other ~~(as~~factors ~~defined~~that incould ~~Rule~~significantly ~~13a-15(f)~~affect ~~under~~ the ~~Exchange Act). Our~~ internal ~~control~~controls ~~over~~subsequent ~~financial reporting is a process designed~~ to ~~provide reasonable assurance regarding~~ the ~~reliability~~date ~~of financial reporting and~~ the ~~preparation~~Company ofcompleted ~~financial statements for external purposes of accounting principles generally accepted in the United States. Because of~~ its ~~inherent limitations, internal control over financial reporting may not prevent or detect misstatements~~evaluation. ~~Therefore, even those systems determined to be effective can provide only reasonable assurance of achieving their control objectives.~~

23(a)Evaluation of Disclosure Controls and Procedures. Our management, with the participation of our President, evaluated the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report. The disclosure controls and procedures as of the end of the period covered by this report were effective such that the information required to be disclosed by us in reports filed under the Securities Exchange Act of 1934 is (i) recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms and (ii) accumulated and communicated to our management, including our President, as appropriate to allow timely decisions regarding disclosure. A controls system cannot provide absolute assurance, however, that the objectives of the controls system are met, and no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within a company have been detected.

~~Our~~ Management’s ~~management,~~Annual ~~with~~Report ~~the~~on ~~participation~~Internal ofControl ~~the~~over ~~President,~~Financial ~~evaluated~~Reporting. ~~the~~Our ~~effectiveness~~management ofis ~~the~~responsible ~~Company’s~~for establishing and maintaining adequate internal control over financial reporting (as ofdefined ~~March~~in ~~31,~~Rule ~~2021~~13a-15(f) under the Exchange Act). InOur ~~making~~internal ~~this~~control ~~assessment,~~over ~~our~~financial ~~management~~reporting ~~used~~is a process designed to provide reasonable assurance regarding the ~~criteria~~reliability ~~set~~of ~~forth~~financial byreporting and the ~~Committee~~preparation of ~~Sponsoring~~financial ~~Organizations~~statements for external purposes of ~~the~~accounting ~~Treadway~~principles ~~Commission~~generally ~~(COSO)~~accepted in ~~Internal~~the ~~Control~~United ~~— Integrated Framework~~States. ~~Based~~ onBecause ~~this~~of ~~evaluation~~its inherent limitations, ~~our~~internal ~~Principal~~control ~~Executive~~over ~~Officer~~financial ~~and~~reporting ~~Principal~~may ~~Financial~~not ~~Officer,~~prevent ~~concluded~~or ~~that~~detect misstatements. Therefore, aseven ofthose ~~March~~systems ~~31,~~determined ~~2021~~to ~~our~~be ~~internal~~effective ~~control~~can ~~over~~provide ~~financial~~only ~~reporting~~reasonable ~~were~~assurance ~~effective.~~of achieving their control objectives.

(b) Changes in Internal Control over Financial Reporting. There were no changes in the Company's internal controls over financial reporting, that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting.25

~~This~~Our ~~annual~~management, ~~report~~with ~~does~~the ~~not~~participation ~~include~~of anthe ~~attestation~~President, ~~report~~evaluated the effectiveness of the Company’s ~~registered public accounting firm regarding~~ internal control over financial reporting as of March 31, 2022. ~~Management’s~~ ~~report~~In ~~was~~making ~~not~~this ~~subject~~assessment, toour ~~attestation~~management byused the ~~Company’s~~criteria ~~registered~~set ~~public~~forth ~~accounting~~by ~~firm~~the ~~pursuant~~Committee toof ~~temporary~~Sponsoring ~~rules~~Organizations of the ~~Securities~~Treadway Commission (COSO) in Internal Control — Integrated Framework. Based on this evaluation, our Principal Executive Officer and ~~Exchange~~Principal ~~Commission~~Financial Officer, concluded that, ~~permit~~as ~~the~~of ~~Company~~March to31, ~~provide~~2022 ~~only~~our ~~Management’s~~internal ~~report~~control inover ~~this~~financial ~~annual~~reporting ~~report~~were effective.

~~ITEM~~(b) 9BChanges in Internal Control over Financial Reporting. ~~OTHER~~There ~~INFORMATION~~were no changes in the Company's internal controls over financial reporting, that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting.

~~None~~This annual report does not include an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the Company’s registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit the Company to provide only Management’s report in this annual report.

~~PART~~ITEM ~~III~~9B. OTHER INFORMATION

~~ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT~~None

~~Information~~PART ~~Regarding Present Directors and Executive Officers~~III

~~The~~ITEM ~~following~~10. ~~table~~DIRECTORS ~~sets~~AND ~~forth~~EXECUTIVE asOFFICERS ofOF ~~March~~THE ~~31, 2021, the name, age, and position of each executive officer and director and the term of office of each director of the Company.~~REGISTRANT

Name	Age	Title	Director or Officer Since
Pericles DeAvila	51	Chairman of the Board and Acting President, Chief Executive	May 12, 2011
		Officer
Laurence A. Madison	65	Director and Acting Chief Financial Officer / Secretary / Treasurer	May 12, 2011

Information Regarding Present Directors and Executive Officers

The following istable sets forth as of March 31, 2022, the ~~business~~name, ~~background~~age, and position of each executive officer and director: and the term of office of each director of the Company.

Pericles (Peric) DeAvila: Chairman of the Board and Acting President, CEO

Name	Age	Title	Director or Officer Since
Pericles DeAvila	52	Chairman of the Board and Acting President, Chief Executive	May 12, 2011
		Officer
Laurence A. Madison	66	Director and Acting Chief Financial Officer / Secretary / Treasurer	May 12, 2011

~~Pericles~~The ~~DeAvila~~following is the ~~inventor~~business ofbackground ~~the SRU-M, the first self-contained emergency response system in the emergency and safety market. He has had years~~ of ~~entrepreneurial~~each ~~experience~~officer ~~nationally~~ and internationally. His experience in leading large groups of people was expanded when he continued his construction experience as the commercial/industrial construction manager on large projects in Silicon Valley and in the Seattle area; he is fluent in Portuguese, Italian, French, Spanish, as well as English.director:

24Pericles (Peric) DeAvila: Chairman of the Board and Acting President, CEO

InPericles ~~the development of Sector 10, Mr.~~ DeAvila ~~brought~~is ~~together~~the ~~and~~inventor ~~leads a seasoned team~~ of ~~experts~~the ~~such as Russell Marriott Jr.~~SRU-M, ~~who pioneered~~ the first ~~government~~self-contained ~~approved~~emergency ~~Deferred~~response ~~Compensation~~system ~~401(K) and PAYSOP plans~~ in the ~~United~~emergency ~~States;~~and ~~Linda~~safety ~~Chandler,~~market. ~~former~~He ~~Senior~~has ~~Vice~~had ~~President~~years of ~~Sutro~~entrepreneurial &experience ~~Company;~~nationally and ~~Jake~~internationally. ~~Garn,~~His ~~former~~experience ~~U.S.~~in ~~Senator,~~leading ~~Astronaut~~large ~~and~~groups ~~Brigadier~~of ~~General,~~people ~~U.S.~~was ~~Air~~expanded ~~Force,~~when ~~amongst~~he ~~others.~~continued ~~Mr.~~his ~~DeAvila~~construction ~~experienced~~experience ~~firsthand~~as the ~~power~~commercial/industrial ofconstruction amanager ~~natural~~on ~~disaster~~large ~~through~~projects ~~an earthquake~~ in ~~the~~Silicon ~~Azores~~Valley ~~Islands~~and in ~~1980.~~the HeSeattle ~~lost~~area; ahe ~~close friend and experienced human devastation and disease and believes that Sector 10~~ is ~~the~~fluent ~~fulfillment~~in ofPortuguese, anItalian, ~~essential~~French, ~~need~~Spanish, ~~affecting~~as ~~our~~well ~~daily~~as ~~lives~~English.

In ~~2002~~the development of Sector 10, heMr. ~~was~~DeAvila brought together and leads a seasoned team of experts such as Russell Marriott Jr., who pioneered the ~~recipient~~first government approved Deferred Compensation 401(K) and PAYSOP plans in the United States; Linda Chandler, former Senior Vice President of aSutro ~~Congressional~~& ~~National~~Company; ~~Leadership~~and ~~Award~~Jake Garn, former U.S. HeSenator, ~~was~~Astronaut ~~appointed~~and asBrigadier ~~special~~General, ~~advisor~~U.S. toAir Force, amongst others. Mr. DeAvila experienced firsthand the ~~Chairman~~power of a natural disaster through an earthquake in the ~~Congressional~~Azores ~~Committee~~Islands onin 1980. He lost a close friend and experienced human devastation and disease and believes that Sector 10 is the ~~Business~~fulfillment ~~Advisory~~of ~~Council~~an essential need affecting our daily lives.

~~Laurence A. Madison, Director and Acting CFO, Secretary and Treasurer~~ 26

~~Mr.~~In ~~Madison~~2002, ~~has~~he ~~more~~was ~~than~~the 35recipient ~~years~~ of ~~experience~~a inCongressional ~~public~~National ~~accounting,~~Leadership ~~tax and financial consulting~~Award. He ~~has~~was ~~experience~~appointed as ~~the~~special ~~Chief~~advisor ~~Financial Officer in both public and private companies. Madison brings Sector 10 experience and expertise in Sarbanes-Oxley compliance and corporate governance. Prior~~ to ~~joining~~the ~~Sector~~Chairman 10, Mr. Madison worked with a large national internal audit consulting firm where he was responsible for reviewing financial processes and controls for large multi-national public companies to ensure compliance under Sarbanes- Oxley. Mr. Madison worked for over 10 years in “Big Four” accounting firms and for 25 years running his own financial consulting firm where he specialized in providing Chief Financial Officer, tax and financial consulting services to private companies and assisted in raising capital for growth companies. Mr. Madison is licensed in Illinois as a Certified Public Accountant and a member of the ~~AICPA~~Congressional ~~and~~Committee ~~Illinois~~on ~~CPA~~the ~~Society. He~~Business ~~has~~Advisory ~~a Bachelors of Accounting from Purdue University and a Master’s of Science in Taxation from DePaul University~~Council.

~~Except~~Laurence asA. ~~indicated below~~Madison, toDirector ~~the~~and ~~knowledge~~Acting ~~of management~~CFO, ~~during~~Secretary ~~the~~and ~~past five years, no present or former director, or executive officer of the Company:~~Treasurer

~~(1)~~Mr. ~~filed~~Madison ahas ~~petition~~more ~~under~~than 35 years of experience in public accounting, tax and financial consulting. He has experience as the ~~federal~~Chief ~~bankruptcy~~Financial ~~laws~~Officer orin ~~any~~both ~~state~~public ~~insolvency~~and ~~law~~private companies. Madison brings Sector 10 experience and expertise in Sarbanes-Oxley compliance and corporate governance. Prior to joining Sector 10, ~~nor~~Mr. ~~had~~Madison worked with a ~~receiver,~~large ~~fiscal~~national ~~agent~~internal oraudit ~~similar~~consulting ~~officer~~firm ~~appointed~~where byhe awas ~~court~~responsible for ~~the~~reviewing ~~business~~financial orprocesses ~~property~~and ofcontrols ~~such~~for ~~person,~~large ormulti-national ~~any~~public ~~partnership~~companies into ~~which~~ensure hecompliance ~~was~~under aSarbanes- ~~general~~Oxley. ~~partner~~Mr. atMadison orworked ~~within~~for ~~two~~over 10 years ~~before~~in ~~the~~“Big ~~time~~Four” ofaccounting ~~such~~firms ~~filing,~~and orfor ~~any~~25 ~~corporation~~years orrunning ~~business~~his ~~association~~own offinancial ~~which~~consulting firm where he ~~was~~specialized anin ~~executive~~providing ~~officer~~Chief atFinancial orOfficer, ~~within~~tax ~~two~~and ~~years~~financial ~~before~~consulting services to private companies and assisted in raising capital for growth companies. Mr. Madison is licensed in Illinois as a Certified Public Accountant and a member of the ~~time~~AICPA and Illinois CPA Society. He has a Bachelor of ~~such~~Accounting ~~filing~~from Purdue University and a Master of Science in Taxation from DePaul University.

~~(2)was~~Except ~~convicted~~as inindicated abelow, ~~criminal~~to ~~proceeding~~the orknowledge ~~named~~of ~~subject~~management, ofduring athe ~~pending~~past ~~criminal~~five ~~proceeding~~years, ~~(excluding~~no ~~traffic~~present ~~violations~~or ~~and~~former ~~other~~director, ~~minor~~or ~~defenses);~~ executive officer of the Company:

(31)~~was~~ filed a petition under the ~~subject~~federal ofbankruptcy laws or any ~~order~~state insolvency law, ~~judgment~~nor orhad ~~decree~~a receiver, ~~not~~fiscal ~~subsequently~~agent ~~reversed,~~or ~~suspended~~similar officer appointed by a court for the business or ~~vacated,~~property of such person, or any ~~court~~partnership in which he was a general partner at or within two years before the time of ~~competent~~such ~~jurisdiction~~filing, ~~permanently~~or any corporation or ~~temporarily~~business ~~enjoining~~association ~~him~~of ~~from~~which he was an executive officer at or ~~otherwise~~within ~~limiting,~~two years before the ~~following~~time ~~activities:~~of such filing.

(i2)~~acting~~was asconvicted a future commission merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant, associated person of any of the foregoing, or as an investment advisor, underwriter, broker or dealer in ~~securities,~~a orcriminal asproceeding ~~an affiliate person, director~~ or ~~employee~~named subject of ~~any~~a ~~investment~~pending ~~company~~criminal orproceeding ~~engaging~~(excluding intraffic orviolations ~~continuing~~and ~~any~~other ~~conduct~~minor ~~or practice in connection with such activity~~defenses);

(ii3)was ~~engaging~~the insubject of any ~~type~~order, judgment or decree, not subsequently reversed, suspended or vacated, of ~~business~~any ~~practice;~~court of competent jurisdiction, permanently or temporarily enjoining him from or otherwise limiting, the following activities:

(~~iii~~i)~~engaging~~acting inas ~~any~~a ~~activity~~future incommission ~~connection~~merchant, ~~with~~introducing ~~the~~broker, ~~purchased~~commodity ortrading ~~sale~~advisor, commodity pool operator, floor broker, leverage transaction merchant, associated person of any ~~security~~of the foregoing, or ~~commodity~~as an investment advisor, underwriter, broker or dealer in ~~connection~~securities, ~~with~~or ~~any~~as ~~violation~~an affiliate person, director or employee of ~~federal~~any investment company or ~~state~~engaging ~~securities~~in ~~laws~~or continuing any conduct or ~~federal~~practice ~~commodities~~in ~~laws~~connection with such activity;

(4ii)~~was~~ ~~the~~engaging ~~subject~~in of any ~~order,~~type ~~judgment, or decree, not subsequently reversed, suspended, or vacated,~~ of ~~any~~business ~~federal~~practice; or state authority barring, suspending, or otherwise limiting for more than 60 days the right of such person to engage in any activity described above under this Item, or to be associated with persons engaged in any such activity;

(5iii)~~was~~engaging ~~found~~in byany aactivity ~~court~~in ofconnection ~~competent~~with ~~jurisdiction~~the inpurchased aor ~~civil~~sale ~~action~~of orany bysecurity ~~the~~or ~~Securities~~commodity ~~and~~or ~~Exchange~~in ~~Commission~~connection towith ~~have~~any ~~violated~~violation ~~any~~of federal or state securities ~~law,~~laws ~~and the judgment in such civil action~~ or ~~finding~~federal bycommodities ~~the Securities and Exchange Commission has not been subsequently reversed, suspended, or vacated.~~laws;

(64)was ~~found~~the bysubject aof ~~court~~any oforder, ~~competent~~judgment, ~~jurisdiction~~or indecree, anot ~~civil~~subsequently ~~action~~reversed, suspended, or byvacated, ~~the~~of ~~Commodity~~any ~~Futures~~federal ~~Trading~~or ~~Commission~~state toauthority ~~have~~barring, ~~violated~~suspending, ~~any~~or ~~federal~~otherwise ~~commodities~~limiting ~~law,~~for ~~and~~more than 60 days the ~~judgment~~right inof such ~~civil~~person ~~action~~to orengage ~~finding~~in byany ~~the~~activity ~~Commodity~~described ~~Futures~~above ~~Trading~~under ~~Commission~~this ~~has~~Item, ~~not~~or ~~been~~to ~~subsequently~~be ~~reversed,~~associated ~~suspended~~with orpersons ~~vacated.~~engaged in any such activity;

25(5)was found by a court of competent jurisdiction in a civil action or by the Securities and Exchange Commission to have violated any federal or state securities law, and the judgment in such civil action or finding by the Securities and Exchange Commission has not been subsequently reversed, suspended, or vacated.

~~ITEM~~(6)was ~~11.~~found ~~EXECUTIVE~~by ~~COMPENSATION~~a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated.

The following tables set forth certain summary information concerning the compensation paid or accrued for each of the Company’s last three completed fiscal years to the Company’s or its principal subsidiaries chief executive officer and each of its other executive officers that received compensation in excess of $100,000 during such period (as determined at March 31, 2019, the end of the Company’s last completed fiscal year):27

Name	Fiscal Year		Compensation
Peric DeAvila		2021	$	0
Laurence A. Madison		2021	$	0
Peric DeAvila		2020	$	339,000
Laurence A. Madison		2020	$	321,000
Peric DeAvila		2019	$	339,000
Laurence A. Madison		2019	$	321,000

ITEM 11. EXECUTIVE COMPENSATION

~~Cash~~The ~~Compensation~~following tables set forth certain summary information concerning the compensation paid or accrued for each of the Company’s last three completed fiscal years to the Company’s or its principal subsidiaries chief executive officer and each of its other executive officers that received compensation in excess of $100,000 during such period (as determined at March 31, 2019, the end of the Company’s last completed fiscal year):

On February 26, 2010, the CEO and CFO executed employment agreements with the Company which cover the period through the end of the fiscal year ended March 31, 2016. The agreement also provides terms for continuance after March 31. 2016 on an “at will” basis until a new agreement is set in place. As of the year ended March 31, 2021, the agreement continues on the “at will” status.

Name	Fiscal Year	Compensation
Peric DeAvila	2022	$0
Laurence A. Madison	2022	$0
Peric DeAvila	2021	$0
Laurence A. Madison	2021	$0
Peric DeAvila	2020	$339,000
Laurence A. Madison	2020	$321,000

~~There~~Cash was no cash compensation to officers in the fiscal year ended March 31, 2021 and no cash compensation was paid in the year ended March 31, 2021. Unpaid compensation was accrued through the fiscal year ended March 31, 2020. The amount accrued was based on the terms set forth in the employment agreements. No accruals were made for unpaid compensation in the fiscal year ended March 31, 2021. No further accruals will be made until the Company completes its new corporate plan which is currently under review. Compensation

~~Bonuses~~On February 26, 2010, the CEO and ~~Deferred~~CFO ~~Compensation~~executed employment agreements with the Company which cover the period through the end of the fiscal year ended March 31, 2016. The agreement also provides terms for continuance after March 31. 2016 on an “at will” basis until a new agreement is set in place. As of the year ended March 31, 2022, the agreement continues on the “at will” status.

~~The~~There ~~CEO~~was no cash compensation to officers in the fiscal year ended March 31, 2022 and ~~CFO~~no ~~have~~cash ~~executed~~compensation ~~Employment~~was ~~agreements~~paid ~~with~~in the ~~company~~year ~~that~~ended ~~covers~~March ~~the~~31, ~~period~~2021. ~~through~~Unpaid ~~the~~compensation ~~end~~was ofaccrued through the fiscal year ended March 31, ~~2021~~2020. ~~Under~~ The amount accrued was based on the ~~agreement~~terms set forth in the employment agreements. No accruals were made for unpaid compensation in the fiscal year ended March 31, 2022. No further accruals will be made until the ~~parties~~Company ~~are~~completes ~~entitled~~its tonew acorporate ~~cash~~plan ~~bonus~~which ~~and~~is acurrently ~~stock~~under ~~bonus~~review.

InBonuses ~~March 2010, the Board authorized a Stock Incentive Plan for the benefit of employees~~ and ~~others~~Deferred who perform services on behalf of the Company. A Form S-8 Registration statement was filed on July 13, 2010 to authorize the issuance of Company options to key officers, directors and consultants. Options were issues under the S-8 in the fiscal year March 31, 2011. No other options have been issued under the plan.Compensation

NoThe ~~current~~CEO ~~deferred~~and ~~compensation~~CFO ~~programs~~have ~~are~~executed ~~established~~Employment asagreements with the company that covers the period through the end of the fiscal year ended March 31, ~~2021~~2022. ~~The~~ ~~Company~~Under ~~reserves~~the agreement, the ~~right~~parties toare ~~establish~~entitled ~~such~~to a ~~plan~~cash inbonus ~~the~~and ~~future~~a stock bonus.

~~Compensation~~In ~~Pursuant~~March 2010, the Board authorized a Stock Incentive Plan for the benefit of employees and others who perform services on behalf of the Company. A Form S-8 Registration statement was filed on July 13, 2010 to ~~Plans~~authorize the issuance of Company options to key officers, directors and consultants. Options were issues under the S-8 in the fiscal year March 31, 2011. No other options have been issued under the plan.

~~The~~No ~~CEO~~current ~~and~~deferred ~~CFO~~compensation ~~have~~programs ~~executed~~are ~~Employment~~established ~~agreements~~as ~~with the company that covers the period through the end~~ of ~~the fiscal year ended~~ March 31, ~~2016~~2022. The ~~agreement~~Company ~~also~~reserves ~~provides~~the ~~terms~~right ~~for~~to ~~continuance~~establish ~~after~~such ~~March 31. 2016 on an “at will” basis until~~ a ~~new~~plan ~~agreement is set~~ in ~~place. As of~~ the ~~year ended March 31, 2021 the agreement continues on the “at will” status~~future.

~~Pension~~Compensation ~~Table~~Pursuant to Plans.

The ~~Company~~CEO ~~reserves~~and CFO have executed Employment agreements with the ~~right~~company tothat ~~establish~~covers athe ~~Company~~period ~~retirement~~through ~~plan~~the end of the fiscal year ended March 31, 2016. No ~~such~~The ~~plan~~agreement ~~exists~~also provides terms for continuance after March 31. 2016 on an “at will” basis until a new agreement is set in place. As of the year ended March 31, ~~2021~~2022 the agreement continues on the “at will” status.

26Pension Table

~~Other~~The ~~Compensation~~Company reserves the right to establish a Company retirement plan. No such plan exists at the March 31, 2022

The CEO and CFO have executed Employment agreements with the company that covers the period through the end of the fiscal year ended March 31, 2021. Under the agreement, the following other provisions 28

~~Welfare,~~Other ~~Benefit, Savings and Retirements~~ Compensation

~~Treatment~~The ofCEO ~~Unpaid~~and ~~Wages~~CFO orhave ~~Other~~executed ~~Compensation.~~Employment ~~Employee~~agreements ~~shall~~with ~~have~~ the ~~right~~company tothat ~~interest~~covers atthe anperiod ~~annual~~through ~~rate~~the end of 8%the ~~for~~fiscal ~~any~~year ~~salary~~ended orMarch ~~other~~31, ~~compensation~~2022. ~~that~~Under ~~is earned under~~ the ~~employment~~ agreement, ~~not~~the ~~paid when~~following ~~earned~~other ~~or approved.~~ provisions

~~Anti-Dilution. The~~Welfare, ~~Company~~Benefit, ~~provides~~Savings ~~Employee with anti-dilution protection for common shares that are issued to other parties after the effective date~~ and ~~during the term of this agreement.~~ Retirements

~~Expenses. During~~Treatment ~~the~~of ~~Employment~~Unpaid ~~Period,~~Wages ~~the~~or Other Compensation. Employee shall behave ~~provided~~the aright ~~Company~~to ~~Credit~~interest ~~Card~~at ~~and/or~~an ~~shall~~annual ~~be reimbursed~~rate ~~for~~of ~~all~~8% ~~reasonable~~for ~~expenses~~any ~~incurred~~salary byor ~~the~~other ~~Employee~~compensation inthat ~~accordance~~is ~~with~~earned ~~the~~under ~~policies, practices and procedures of~~ the ~~Company. Employee~~employment ~~agrees~~agreement tonot ~~seek~~paid ~~approval~~when ~~for~~earned ~~expenses~~or ~~in excess of $1,000 before committing Company resources~~approved.

~~Compensation~~Anti-Dilution. The Company provides Employee with anti-dilution protection for common shares that are issued to other parties after the effective date and during the term of ~~Directors~~this agreement.

~~The~~Expenses. ~~Company~~During ~~compensates~~the ~~all~~Employment ~~Directors~~Period, ~~with~~ the ~~issuance~~Employee ofshall ~~Company~~be ~~common~~provided ~~shares. A~~a ~~total~~Company ofCredit ~~50,000~~Card ~~shares~~and/or ~~are~~shall ~~issued~~be reimbursed for aall ~~year~~reasonable ofexpenses ~~service~~incurred asby ~~a director. As~~ the ~~Company~~Employee ~~develops~~in ~~and/or~~accordance ~~new~~with ~~directors~~the ~~are added~~policies, ~~the~~practices ~~Board~~and ~~may~~procedures ~~revise~~of the ~~compensation for directors~~Company. No ~~shares~~Employee ~~will~~agrees beto ~~issued~~seek ~~until~~approval ~~the~~for ~~Dutro~~expenses ~~litigation~~in isexcess ~~concluded~~of at$1,000 ~~which~~before ~~time~~committing ~~cumulative~~Company ~~share will be issued as required~~resources.

~~Termination~~Compensation of ~~Employment and Change of Control Arrangement~~Directors.

The ~~CEO~~Company ~~and~~compensates ~~CFO~~all ~~have~~Directors ~~executed~~with ~~employment~~the ~~agreements~~issuance ~~that~~of ~~provide~~Company ~~minimum~~common ~~base salary, bonuses and other benefits~~shares. ~~The~~ ~~agreement~~A ~~continues~~total ~~through~~of ~~the fiscal year ended March 31~~50,000 ~~2016.~~shares ~~The~~are ~~agreement~~issued ~~also provides terms~~ for ~~continuance~~a ~~after~~year ~~March~~of ~~31.~~service ~~2016~~as ~~on an “at will” basis until~~ a ~~new agreement is set in place~~director. As of the ~~year~~Company ~~ended~~develops ~~March~~and/or ~~31,~~new ~~2021~~directors are added, the ~~agreement~~Board ~~continues~~may onrevise the ~~“at~~compensation ~~will”~~for ~~status~~directors. IfNo ashares ~~change~~will inbe ~~control~~issued ofuntil the ~~Company~~Dutro ~~occurs,~~litigation ~~the~~is ~~provisions~~concluded ~~require~~at ~~immediate~~which ~~vesting~~time incumulative ~~all~~share ~~unpaid~~will ~~benefits under the agreement. The minimum due under such an arrangement for any change in control would~~ be anissued ~~amount~~as ~~equal~~required toand ~~three~~as ~~times~~scheduled ~~the~~by ~~compensation due in~~ the ~~last~~Board ~~fiscal~~of ~~year under the agreement~~Directors. ~~The~~ ~~amount~~No ~~shall~~stock behas ~~due~~been ~~and~~issued ~~payable~~during the ~~day~~current ~~before~~fiscal ~~any transaction resulting in such change of control~~year. .

27Termination of Employment and Change of Control Arrangement

~~ITEM~~The 12CEO and CFO have executed employment agreements that provide minimum base salary, bonuses and other benefits. ~~SECURITY~~The ~~OWNERSHIP~~agreement OFcontinues ~~CERTAIN~~through ~~BENEFICIAL~~the ~~OWNERS~~fiscal ~~AND~~year ~~MANAGEMENT~~ended March 31, 2016. The agreement also provides terms for continuance after March 31. 2016 on an “at will” basis until a new agreement is set in place. As of the year ended March 31, 2022, the agreement continues on the “at will” status. If a change in control of the Company occurs, the provisions require immediate vesting in all unpaid benefits under the agreement. The minimum due under such an arrangement for any change in control would be an amount equal to three times the compensation due in the last fiscal year under the agreement. The amount shall be due and payable the day before any transaction resulting in such change of control.

The following table sets forth, as of March 31, 2021 the name and the number of shares of the Company’s Common Stock, par value $.001 per share, held of record or beneficially by each person who held of record, or was known by the Company to own beneficially, more than 5% of the 305,778 issued and outstanding shares of the Company’s Common Stock and 351,728 shares that include issued and outstanding shares plus shares that have been accrued but not issued as of March 31, 2021 (after reflecting the impact of the reverse stock split), and the name and shareholdings of each director and of all officers and directors as a group.29

Title of	Name of		Amount and Nature			Percentage
Class	Beneficial Owner		of Beneficial Ownership			of Class
OFFICERS, DIRECTORS AND FIVE PERCENT SHAREHOLDERS
Common		Peric DeAvila		11,391	(1)		3.72	%
Common		Laurence Madison		10,896	(1)		3.56	%
Common		Sector 10 Holdings, Inc.		151,616	(1)		49.58	%

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

~~All~~The following table sets forth, as of March 31, 2022 the name and the number of shares of the Company’s Common Stock, par value $.001 per share, held of record or beneficially by each person who held of record, or was known by the Company to own beneficially, more than 5% of the 305,778 issued and outstanding shares of the Company’s Common Stock and 351,728 shares that include issued and outstanding shares plus shares that have been accrued but not issued as of March 31, 2021 (after reflecting the impact of the reverse stock split), and the name and shareholdings of each director and of all officers and ~~Directors~~directors as a ~~Group~~group.

(2) Persons (2)		22,287			7.28	%
Title of Class	Name of Beneficial Owner		Amount and Natureof Beneficial Ownership			Percentageof Class
Including officer, directors and 5% shareholder		173,903			56.86	%
OFFICERS, DIRECTORS AND FIVE PERCENT SHAREHOLDERS
Common	Peric DeAvila		11,391	(1)		3.72%
Common	Laurence Madison		10,896	(1)		3.56%
Common	Sector 10 Holdings, Inc.		151,616	(1)		49.58%

~~(1)Anti-dilution~~All ~~agreements were entered into with Sector 10 Holdings, Inc. in November 2009 and~~ officers ~~Peric DeAvila~~ and ~~Laurence~~Directors ~~Madison in February 2010. The above percentages do not reflect all shares that the anti-dilution provisions provide the shareholders that have been accrued but not issued~~ as ofa ~~March 31, 2020. Therefore the percentages would be increased by approximately 5% total if such dilution shares were issued.~~ Group

(2)The shares described above have been adjusted to reflect the impact of the 500-1 reverse stock split effective on February 14, 2012.

(2) Persons (2)		22,287		7.28%
Including officer, directors and 5% shareholder		173,903		56.86%

~~ITEM~~(1)Anti-dilution 13agreements were entered into with Sector 10 Holdings, Inc. ~~CERTAIN~~in ~~RELATIONSHIPS~~November ~~AND~~2009 ~~RELATED~~and ~~TRANSACTIONS~~officers Peric DeAvila and Laurence Madison in February 2010. The above percentages do not reflect all shares that the anti-dilution provisions provide the shareholders that have been accrued but not issued as of March 31, 2022. Therefore the percentages would be increased by approximately 5% total if such dilution shares were issued.

~~During~~(2)The shares described above have been adjusted to reflect the ~~Year~~impact ~~ended~~of ~~March~~the 31500-1 reverse stock split effective on February 14, ~~2021:~~2012.

~~The~~ITEM ~~Company was involved in litigation which was settled during the fiscal year ended March 2021~~13. ~~Any~~ ~~related~~CERTAIN ~~transactions~~RELATIONSHIPS ~~involved~~AND ~~the~~RELATED ~~representation~~TRANSACTIONS ofDuring the ~~Company~~Year ~~and its management in the prior litigation. No other related transactions occurred during the fiscal year~~ ended March 31, ~~2021.~~2022:

~~TRANSACTIONS~~The ~~WITH~~Company ~~PROMOTERS~~was involved in litigation which was settled during the fiscal year ended March 2021. Any related transactions involved the representation of the Company and its management in the prior litigation. No other related transactions occurred during the fiscal year ended March 31, 2022.

~~There~~TRANSACTIONS ~~have~~WITH ~~been no transactions between the Company and promoters during the last fiscal year.~~PROMOTERS

28There have been no transactions between the Company and promoters during the last fiscal year.

ITEM 14. PRINCIPAL ACCOUNTANTS FEES AND SERVICES - -

	2021			2020
	2022		2021
Audit Fees	$-	-	$-	$	-
Audit and Related Fees	-	-	-		-
Tax Fees	-	-	-		-
All Other Fees	-	-	-		-
Total	$-	-	$-	$	-

(1) Audit fees consist of fees billed for the audit of the Company’s consolidated financial statements and review of ~~the interim consolidated financial statements.~~

~~ITEM~~the ~~15.~~interim ~~EXHIBITS~~consolidated financial statements.

Exhibit
31.1		Certification of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2		Certification of the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1		Certification of the Principal Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2		Certification of the Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101 INS		XBRL Instance Document*
101 SCH		XBRL Schema Document*
101 CAL		XBRL Calculation Linkbase Document*
101 DEF		XBRL Definition Linkbase Document*
101 LAB		XBRL Labels Linkbase Document*
101 PRE		XBRL Presentation Linkbase Document*
* The XBRL related information in Exhibit 101 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability of that section and shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing or document

29ITEM 15. EXHIBITS

SIGNATURES

Exhibit

31.1		Certification of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2		Certification of the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1		Certification of the Principal Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2		Certification of the Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101 INS		XBRL Instance Document*

101 SCH		XBRL Schema Document*

101 CAL		XBRL Calculation Linkbase Document*

101 DEF		XBRL Definition Linkbase Document*

101 LAB		XBRL Labels Linkbase Document*

101 PRE		XBRL Presentation Linkbase Document*

~~Pursuant~~* toThe ~~the~~XBRL ~~requirements~~related information in Exhibit 101 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, ~~this~~or ~~report~~otherwise ~~has~~subject ~~been~~to ~~signed~~liability ~~below~~of that section and shall not be incorporated by ~~the~~reference ~~following~~into ~~persons~~any onfiling ~~behalf~~or ofother document pursuant to the ~~Registrant~~Securities ~~and~~Act inof ~~the~~1933, ~~capacities~~as ~~and~~amended, onexcept ~~the~~as ~~dates~~shall ~~indicated:~~be expressly set forth by specific reference in such filing or document

	Sector 10, Inc
Date: April 27, 2021	By	/s/ Pericles DeAvila
		Pericles DeAvila, Principal Executive Officer

Date: April 27,2021	By	/s/ Laurence A. Madison
		Laurence A. Madison,
		Chief Financial Officer

SIGNATURES

30Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated:


	Sector 10, Inc

Date: June 13, 2022	By	/s/ Pericles DeAvila
		Pericles DeAvila,
		Principal Executive Officer

Date: June 13, 2022	By	/s/ Laurence A. Madison
		Laurence A. Madison,
		Chief Financial Officer

Filing Compare · SECTOR 10, Inc.