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NOTES PAYABLE
12 Months Ended
Mar. 31, 2015
NOTES PAYABLE [Abstract]  
NOTES PAYABLE

(11) NOTES PAYABLE

 

At March 31, 2014, the Company owed $1,455,904, including accrued interest for notes payable.  During the year ended March 31, 2015, the Company had accrued an additional $37,350 in interest.  The note incurs interest at 4%, is collateralized by NIBs and was due April 2015.   Subsequent to March 31, 2015, the note payable and related accrued interest was converted to temporary equity through the issuance of 187,500 shares of common stock with a redemption feature (see Notes 5, 14 and 16).