Note 10. Shareholders' Deficit

9 Months Ended

Dec. 31, 2014

Notes

Note 10. Shareholders' Deficit

Note 10. Shareholders' Deficit

Common Stock

In October, 2014, the Company issued 10,000,000 common shares for services.

In October, 2014, the Company issued 20,000,000 common shares to Fuselier Consulting in accordance with the terms of a consulting contract.  The stock was valued at $.0071 per share, its fair market value at the date of issuance

In November, 2014, the Company issued 13,500,000 common shares for services.  The stock was valued at $.0072 per share, its fair market value at the date of issuance

In November, 2014, the Company issued 8,728,265 common shares for accrued compensation to Officers of the Company.  The shares were valued using a volume weighted average price of $.017 per share

In December, 2015 the Company issued 8,023,529 common shares as part of a negotiated settlement on debt

Warrants to Purchase Common Stock

The Company did not issue any Warrants to purchase Common Stock during the nine months ended December 31, 2014.

A summary of the warrant balances outstanding for the nine months ended December 31, 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		4,516,000		0		N/A
Balance, December 31, 2014		8,431,390	$	0.23	2 years

As of December 31, 2014 and March 31, 2014, the number of warrants that were currently vested and expected to become vested was 8,431,390 and 12,947,390, respectively.