Note 5 - Note Receivable

6 Months Ended

Sep. 30, 2011

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE 5 – NOTE RECEIVABLE

On June 4, 2009 the Company invested in Wellington Scientific, LLC (Wellington) which has rights to an electronic uroflowmetry diagnostic medical device technology.  The Company invested a total of $50,000, with $10,000 provided in cash, and $40,000 in services to Wellington.  The Company recorded  a convertible note with a principal amount of $50,000 with an interest rate of 10% due at various dates through September 2011.  The original note and accrued interest was due June 30, 2011.  As of September 30, 2011 and March 31, 2011 those balances were $59,844 and $57,337, respectively.

On September 4, 2011, the Company agreed to extend the due date to December 4, 2011 under the same terms of the original note.