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Convertible Notes Payable (Tables)
12 Months Ended
Mar. 31, 2016
Convertible Notes [Abstract]  
Schedule of Long-term Debt Instruments
Convertible notes payable consist of the following:
 
 
 
For The Years Ended March 31,
 
 
 
2016
 
2015
 
9% Senior Subordinated Convertible Notes due February 15, 2016, net of debt discount of $0 (March 31, 2016) and $62,682 (March 31, 2015)
 
$
-
 
$
1,037,818
 
 
 
 
 
 
 
 
 
8% Convertible Note Payable to NNA due March 28, 2019, net of debt discount of $0 (March 31, 2016) and $985,255 (March 31, 2015)
 
 
-
 
 
1,014,745
 
 
 
 
 
 
 
 
 
Conversion feature liability
 
 
-
 
 
442,358
 
 
 
 
 
 
 
 
 
 
 
 
-
 
 
2,494,921
 
Less current portion
 
 
-
 
 
(1,037,818)
 
 
 
 
 
 
 
 
 
Noncurrent
 
$
-
 
$
1,457,103
 
Schedule Of Debt Instruments Interest Expense
Interest expense associated with the convertible notes payable consisted of the following:
 
 
 
For The Years Ended March 31,
 
 
 
2016
 
2015
 
Interest expense
 
$
171,027
 
$
209,369
 
Amortization of loan fees and discount
 
 
188,627
 
 
233,918
 
 
 
 
 
 
 
 
 
 
 
$
359,654
 
$
443,287