NOTE 8. OTHER CURRENT LIABILITIES

9 Months Ended

Dec. 31, 2011

Other Liabilities Disclosure [Text Block]

NOTE 8. OTHER CURRENT LIABILITIES

At December 31, 2011 and March 31, 2011, our other current liabilities were comprised of the following items:

	December 31,		March 31,
	2011		2011
Accrued interest	$	734,282	$	525,336
Accrued legal fees		240,242		236,902
Deferred rent		5,324		5,784
Other		42,588		36,364
Total other current liabilities	$	1,022,436	$	804,386

As of the date of this report, various promissory and convertible notes payable in the aggregate principal amount of $1,792,210 (as identified in Notes 4 and 5 above) have reached maturity and are past due. We are continually reviewing other financing arrangements to retire all past due notes. At December 31, 2011, we had accrued interest in the amount of $639,958 associated with these defaulted notes in accrued liabilities payable, which are included in the accrued interest numbers noted above (see Notes 4 and 5).