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Note 10. Shareholders' Deficit
6 Months Ended
Sep. 30, 2014
Notes  
Note 10. Shareholders' Deficit

Note 10. Shareholders' Deficit

 

Common Stock

 

The Company did not issue any Common Stock during the six months ended September 30, 2014

 

Warrants to Purchase Common Stock

 

The Company did not issue any Warrants to purchase Common Stock during the six months ended September 30, 2014.

 

A summary of the warrant balances outstanding for the six months ended September 30, 2014 is presented below:

 

 

 

 

Stock Awards

 

 

Average

 

 

Remaining

 

 

 

Outstanding

 

 

Exercise

 

 

Contractual

 

 

 

& Exercisable

 

 

Price

 

 

Term

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, March 31, 2013

 

 

13,307,390

 

 

$

0.23

 

 

2 years

 

Granted

 

 

-

 

 

 

0.00

 

 

 

 

Exercised

 

 

-

 

 

 

0.0

 

 

 

 

Expired/Cancelled

 

 

360,000

 

 

 

0.0

 

 

 

N/A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, March 31, 2014

 

 

12,947,390

 

 

$

0.23

 

 

2 years

 

Granted

 

 

-

 

 

 

0.0

 

 

-

 

Exercised

 

 

-

 

 

 

0.0

 

 

-

 

Expired/Cancelled

 

 

4,426,000

 

 

 

0

 

 

 

N/A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, September 30, 2014

 

 

8,521,390

 

 

$

0.23

 

 

2 years

 

 

As of September 30, 2014 and March 31, 2014, the number of warrants that were currently vested and expected to become vested was 8,521,390 and 12,947,390, respectively.