5. Advances from Stockholders and Related Party Transactions

12 Months Ended

Mar. 31, 2019

Advances from Stockholders and Related Party Transactions

Related Parties

Related parties with whom the Company had transactions are:

Related Parties		Relationship
Alvin Snaper		Chairman and majority stockholder of the Company
Chas Radovich		CEO and Stockholder of the Company
Leroy Delisle		Stockholder of the Company

Advances from and Stockholders

From time to time, stockholders of the Company advance funds to the Company for working capital purposes. Those advances are unsecured, non-interest bearing and due on demand. Below are the details of the advances by party:

	Chas Radovich		Leroy Delisle		Alvin Snaper		Total

Balance at March 31, 2017		285,085		195,755		-		480,840
Advances for the six months
ended September 30, 2017		66,685		61,782		11,000		139,467
Advances converted to APIC		-351,769		-257,537		-11,000		-620,307
Balance at September 30, 2017		-		-		-		-
Advances from October 1, 2017
to March 31, 2018		3,312		105,600		9,000		117,912
Balance at March 31, 2018		3,312		105,600		9,000		117,912
Advances from April 1, 2018
To March 31, 2019		154,000		94,990		1,700		250,690
Balance at March 31, 2019	$	157,312	$	200,590	$	10,700	$	368,602

Operating Lease from Chairman

On June 5, 2012 the Company entered into a lease agreement, for office space for its corporate office at 1000 W. Bonanza, Las Vegas, Nevada 89106, with its Chairman, Alvin Snaper, at $2,500 plus utilities per month on a month-to-month basis, effective June 15, 2012. During the years ended March 31, 2019 and 2018, the Company has paid or accrued $30,000 and $43,913, respectively, of rent.

CENTAURUS DIAMOND TECHNOLOGIES, INC. 10-K/A