Quarterly report pursuant to Section 13 or 15(d)

5. Convertible Notes Payable (Tables)

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5. Convertible Notes Payable (Tables)
6 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Convertible notes payable

Convertible Notes Payable, Net consisted of the following at September 30, 2017:

 

    Principal     Unamortized
Discount
    Net
Amount
    Accrued
Interest
 
Convertible Notes Payable, Net – Non-Current Portion:                                
November 2014 10% Convertible Notes   $ 612,811     $ (130,896 )   $ 481,915     $ 3,745  
December 2016 10% Convertible Notes     379,780       (81,116 )     298,664       2,326  
Total Convertible Notes Payable, Net   $ 992,591     $ (212,012 )   $ 780,579     $ 6,071  

 

Convertible Notes Payable, Net consisted of the following at March 31, 2017 (our most recent fiscal year end):

 

    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  

 

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 September 30, 2017   $ 612,811  

 

Activity in the December 2016 10% Convertible Notes
Initial principal balance   $ 680,400  
Conversions during the six months ended September 30, 2017     (300,620 )
Balance as of September 30, 2017   $ 379,780