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Note 8. Related Party Notes Payable

12 Months Ended

Mar. 31, 2015

Note 8. Related Party Notes Payable

Note 8. Related Party Notes Payable

Notes payable owed by the Company to related parties are as follows:

		March 31, 2015				March 31, 2014

Various notes payable to related party with interest at 8%, currently payable on demand.		$	130,704			$	130,704

Collateralized Notes Payable currently payable on demand with interest at 9.9%, collateralized by equipment as defined.			639,276				645,276

Notes payable to related party, with interest of 8%, secured by all shares of Smith common stock, currently payable on demand			-				210,000

Notes payable to related party, with interest of 8%, secured by all shares of Morris common stock, currently payable on demand			-				195,000

Note payable to shareholder, with interest at 8.5%, due on demand.			130,325				171,563

Note payable to shareholder, with interest at 8.0%, due on demand.			40,176				40,176

Note payable to shareholder, with interest at 5.0%, due on demand.			81,750				48,750

Note payable to related party, with interest at 5.0%, principal and interest due on March 31, 2019.			3,745,615				3,745,615

Total		$	4,767,846			$	5,187,084