| Convertible notes payable |
Convertible Notes Payable, Net consisted of the following at June
30, 2018:
| |
|
Principal |
|
|
Unamortized
Discount
|
|
|
Net
Amount
|
|
|
Accrued
Interest
|
|
| Convertible Notes Payable, Net – Non-Current Portion: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| November 2014 10% Convertible Notes (due July 1, 2019) |
|
$ |
612,811 |
|
|
$ |
(74,797 |
) |
|
$ |
538,014 |
|
|
$ |
49,706 |
|
| December 2016 10% Convertible Notes (due July 1, 2019) |
|
|
379,780 |
|
|
|
(46,354 |
) |
|
|
333,426 |
|
|
|
30,808 |
|
| Total Convertible Notes Payable, Net |
|
$ |
992,591 |
|
|
$ |
(121,151 |
) |
|
$ |
871,440 |
|
|
$ |
80,514 |
|
Convertible Notes Payable, Net consisted of the following at March
31, 2018:
| |
|
Principal |
|
|
Unamortized
Discount
|
|
|
Net
Amount
|
|
|
Accrued
Interest
|
|
| Convertible Notes Payable, Net – Non-Current Portion: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| November 2014 10% Convertible Notes (due July 1, 2019) |
|
$ |
612,811 |
|
|
$ |
(93,590 |
) |
|
$ |
519,221 |
|
|
$ |
34,386 |
|
| December 2016 10% Convertible Notes (due July 1, 2019) |
|
|
379,780 |
|
|
|
(57,848 |
) |
|
|
321,932 |
|
|
|
21,315 |
|
| Total Convertible Notes Payable, Net |
|
$ |
992,591 |
|
|
$ |
(151,438 |
) |
|
$ |
841,153 |
|
|
$ |
55,701 |
|
|
| Changes to principal balance of Convertible Note |
The following table shows the changes to the principal balance of
the November 2014 10% Convertible Notes:
| 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 June 30, 2018 and March 31, 2018 |
|
$ |
612,811 |
|
The following table shows the changes to the principal balance of
the December 2016 10% Convertible Notes:
| Activity in the December 2016 10% Convertible Notes |
| Initial principal balance |
|
$ |
680,400 |
|
| Conversions during the fiscal year ended March 31, 2018 |
|
|
(300,620 |
) |
| Balance as of June 30, 2018 and March 31, 2018 |
|
$ |
379,780 |
|
|