Annual report pursuant to Section 13 and 15(d)

4. CONVERTIBLE NOTES PAYABLE (Tables)

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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