5. CONVERTIBLE NOTES PAYABLE (Tables)

12 Months Ended

Mar. 31, 2014

Convertible Notes Payable [Abstract]

Convertible notes payable

Convertible Notes Payable consisted of the following at March 31, 2014:

	Principal		Unamortized  Discount		Net  Amount		Accrued  Interest
Convertible Notes Payable – Current Portion:
Amended and Restated Series A 12% Convertible Notes, past due	$	885,000	$	–	$	885,000	$	575,250
2008 10% Convertible Notes, past due		25,000		–		25,000		19,167
October & November 2009 10% Convertible Notes		50,000		–		50,000		26,097
April 2010 10% Convertible Note		75,000		–		75,000		31,438
July and August 2011 10% Convertible Notes, past due		257,655		–		257,655		90,256
Law Firm Note		75,000		–		75,000		7,604
Total – Convertible Notes Payable – Current Portion		1,367,655		–		1,367,655		749,812
Convertible Notes Payable – Non-Current Portion:
September 2010 12% Convertible Notes		317,072		–		317,072		35,034
April 2011 12% Convertible Notes		448,448		–		448,448		12,117
September 2011 12% Convertible Notes		10,931		–		10,931		--
Total – Convertible Notes Payable – Non-Current Portion		776,451		–		776,451		47,151
Total Convertible Notes Payable	$	2,144,106	$	–	$	2,144,106	$	796,96

Convertible Notes Payable consisted of the following at March 31, 2013:

	Principal		Unamortized  Discount			Net  Amount		Accrued  Interest
Amended and Restated Series A 12% Convertible Notes, past due	$	885,000	$	–		$	885,000	$	398,250
2008 10% Convertible Notes, past due		25,000		–			25,000		15,417
December 2006 10% Convertible Notes, past due		17,000		–			17,000		15,888
October & November 2009 10% Convertible Notes		50,000		(389	)		49,611		20,000
April 2010 10% Convertible Note		75,000		(3,895	)		71,105		23,938
September 2010 10% Convertible Notes, past due		308,100		–			308,100		52,393
April 2011 10% Convertible Notes, past due		400,400		–			400,400		100,100
July and August 2011 10% Convertible Notes, $257,656 past due		357,655		–			357,655		68,704
September 2011 Convertible Notes, past due		178,760		–			178,760		–
Law Firm Note		75,000		–			75,000		3,854
Total – Convertible Notes Payable	$	2,371,915	$	(4,284	)	$	2,367,631	$	698,544

Activity in Convertible Notes

The following table shows the conversions into principal of the October and November 2009 Convertible Notes by fiscal year:

Activity in October & November 2009 10% Convertible Notes
Initial principal balance	$	450,250
Conversions during the fiscal year ended March 31, 2010		(70,000	)
Conversions during the fiscal year ended March 31, 2011		(175,000	)
Conversions during the fiscal year ended March 31, 2012		(130,250	)
Conversions during the fiscal year ended March 31, 2013		(25,000	)
Conversions during the fiscal year ended March 31, 2014		--
Balance as of March 31, 2014	$	50,000

The following table shows the activity in the September 2010 10% Convertible Notes by fiscal year:

Activity in the September 2010 10% Convertible Notes
Initial principal balance	$	743,600
Conversions during the fiscal year ended March 31, 2012		(405,500	)
Conversions during the fiscal year ended March 31, 2013		(30,000	)
Conversions during the fiscal year ended March 31, 2014		(25,000	)
Increase in principal balance due to 12% extension fee		33,972
Balance as of March 31, 2014	$	317,072

The following table shows the conversions into principal of the September 2011 Convertible Notes by fiscal year:

Activity in the September 2011 Convertible Notes
Initial principal balance	$	253,760
Conversions during the fiscal year ended March 31, 2012		(15,000	)
Conversions during the fiscal year ended March 31, 2013		(60,000	)
Conversions during the fiscal year ended March 31, 2014		(169,000	)
Increase in principal balance due to extension fee		1,171
Balance as of March 31, 2014	$	10,931