XML 47 R23.htm IDEA: XBRL DOCUMENT v3.7.0.1
4. CONVERTIBLE NOTES PAYABLE (Tables)
12 Months Ended
Mar. 31, 2017
Convertible Notes Payable [Abstract]  
Convertible notes payable

Convertible Notes Payable, Net consisted of the following at March 31, 2017:

 

   Principal   Unamortized
Discount
   Net
Amount
   Accrued
Interest
 
Convertible Notes Payable, Net – Non-Current Portion:                    
November 2014 10% Convertible Notes  $612,811   $(275,363)  $337,448   $2,555 
December 2016 10% Convertible Notes   680,400    (498,648)   181,752    2,836 
Total Convertible Notes Payable, Net  $1,293,211   $(774,011)  $519,200   $5,391 

  

Convertible Notes Payable, Net consisted of the following at March 31, 2016:

 

   Principal   Unamortized
Discount
   Net
Amount
   Accrued
Interest
 
Convertible Notes Payable, Net– Non-Current Portion:                    
November 2014 10% Convertible Notes  $527,780   $(27,641)  $500,139   $74,036 
Total Convertible Notes Payable, Net  $527,780   $(27,641)  $500,139   $74,036 

 

Changes to principal balance of Convertible Note
Activity in the November 2014 10% Convertible Notes
Initial principal balance  $527,780 
Increase in principal balance under the second amendment (see above)   165,031 
Conversions during the fiscal year ended March 31, 2017   (80,000)
Balance as of March 31, 2017  $612,811