4. NOTES PAYABLE (Tables)

9 Months Ended

12 Months Ended

Dec. 31, 2014

Mar. 31, 2014

Debt Disclosure [Abstract]

Schedule of notes payable

	December 31, 2014				March 31, 2014
	Principal Balance		Accrued Interest		Principal Balance		Accrued Interest
12% Notes payable	$	22,500	$	45,562	$	185,000	$	353,813
10% Note payable		–		–		5,000		6,375
Directors’ Note(s)		–		–		200,000		14,516
Total	$	22,500	$	45,562	$	390,000	$	374,704

Notes payable consist of the following:

	March 31, 2014				March 31, 2013
	Principal Balance		Accrued Interest		Principal Balance		Accrued Interest
12% Notes payable, past due	$	185,000	$	353,813	$	185,000	$	326,062
10% Note payable, past due		5,000		6,375		5,000		5,875
Directors’ Note(s)		200,000		14,516		–		–
Tonaquint Note		–		–		131,381		1,629
Total	$	390,000	$	374,704	$	321,381	$	333,566

Activity in Tonaquint Note

The following table shows the conversions into principal of the Tonaquint Note by fiscal year:

Initial principal balance	$	360,186
Lender’s legal fees		12,500
Conversions during the fiscal year ended March 31, 2013		(241,305	)
Conversions during the fiscal year ended March 31, 2014		(131,381	)
Balance as of March 31, 2014	$	–