12. Notes Payable	3 Months Ended
Jun. 30, 2012
12. Notes Payable:
12. Notes Payable	12. NOTES PAYABLE In December 2011, the Company issued a 90-day note payable to borrow $100,000. The proceeds were used for general corporate purposes. That note was extended for an additional 30 days in March 2012, and was subsequently extended for an additional 165 days. A conversion feature was added to the Note with the second extension. The full amount of principal and 6.00% simple interest per annum are now due in the quarter ended September 30, 2012. In January 2012, two additional 90-day notes were issued to borrow $50,000 each, $100,000 total. The proceeds were used for general corporate purposes. Those notes have been and 128 days. A conversion feature was added to these Notes with the extension. The full amount of principal and 6.00% simple interest per annum are due in the quarter ended September 30, 2012. In March 2012, the Company issued a 24-month convertible promissory note to borrow $100,000 for general corporate purposes. Additional 24-month convertible promissory notes were issued in April 2012 ($25,000) and in June 2012 ($100,000). The full amount of principal was outstanding at June 30, 2012; 6.00% simple interest is payable monthly in advance. These notes are classified as long term. In April 2012, the Company issued a 90-day note payable to borrow $100,000. That note was extended for an additional 60 days in July 2012. The proceeds were used for general corporate purposes. In May 2012 ($25,000) and June 2012 ($20,000), additional notes payable were issued for general corporate purposes. The maturity dates were subsequently extended so that the full amount of principal and 6.00% simple interest per annum are due in the quarter ended September 30, 2012. A conversion feature was added to the Note with the extension. In March 2011, the Company issued a 90-day note payable to borrow $50,000. The proceeds were used for general corporate purposes. The full amount of principal and 5.00% simple interest per annum was paid during the quarter ended June 30, 2011. At June 30, 2012, $445,000 of the outstanding were Notes payable to related parties; $345,000 to the chairman of our Board and $100,000 to another director. Subsequent to June 30, 2012, an additional $325,000 was borrowed from our chairman. The terms and conditions are the same: 6.00% simple interest per annum and principal are due in the quarter ended September 30, 2012 and the notes are convertible to common stock at any time on or after the effective date of the initial loan amount.

12. Notes Payable

3 Months Ended

Jun. 30, 2012

12. NOTES PAYABLE

In December 2011, the Company issued a 90-day note payable to borrow $100,000. The proceeds were used for general corporate purposes. That note was extended for an additional 30 days in March 2012, and was subsequently extended for an additional 165 days. A conversion feature was added to the Note with the second extension. The full amount of principal and 6.00% simple interest per annum are now due in the quarter ended September 30, 2012.

In January 2012, two additional 90-day notes were issued to borrow $50,000 each, $100,000 total. The proceeds were used for general corporate purposes. Those notes have been and 128 days. A conversion feature was added to these Notes with the extension. The full amount of principal and 6.00% simple interest per annum are due in the quarter ended September 30, 2012.

In March 2012, the Company issued a 24-month convertible promissory note to borrow $100,000 for general corporate purposes. Additional 24-month convertible promissory notes were issued in April 2012 ($25,000) and in June 2012 ($100,000). The full amount of principal was outstanding at June 30, 2012; 6.00% simple interest is payable monthly in advance. These notes are classified as long term.

In April 2012, the Company issued a 90-day note payable to borrow $100,000. That note was extended for an additional 60 days in July 2012. The proceeds were used for general corporate purposes. In May 2012 ($25,000) and June 2012 ($20,000), additional notes payable were issued for general corporate purposes. The maturity dates were subsequently extended so that the full amount of principal and 6.00% simple interest per annum are due in the quarter ended September 30, 2012. A conversion feature was added to the Note with the extension.

In March 2011, the Company issued a 90-day note payable to borrow $50,000. The proceeds were used for general corporate purposes. The full amount of principal and 5.00% simple interest per annum was paid during the quarter ended June 30, 2011.

At June 30, 2012, $445,000 of the outstanding were Notes payable to related parties; $345,000 to the chairman of our Board and $100,000 to another director. Subsequent to June 30, 2012, an additional $325,000 was borrowed from our chairman. The terms and conditions are the same: 6.00% simple interest per annum and principal are due in the quarter ended September 30, 2012 and the notes are convertible to common stock at any time on or after the effective date of the initial loan amount.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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