Annual report pursuant to Section 13 and 15(d)

6. RELATED PARTY TRANSACTIONS

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6. RELATED PARTY TRANSACTIONS
12 Months Ended
Mar. 31, 2019
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

6. RELATED PARTY TRANSACTIONS

 

DUE TO RELATED PARTIES

 

Historically, certain of our officers and other related parties have advanced us funds, agreed to defer compensation and/or paid expenses on our behalf to cover working capital deficiencies. There were no such related party transactions during the fiscal year ended March 31, 2019 except that we had accrued unpaid Board fees of $69,750 owed to our outside directors as of March 31, 2019.

 

As a result of entering into a Separation and Consulting Agreement with our former CEO, we paid out accrued vacation of $32,083 to that former executive in December 2018 (see Note 8 and Note 13). That accrued vacation was previously recorded in the due to related parties account.

 

Due to related parties were comprised of the following items:

 

    March 31, 2019     March 31, 2018  
Accrued board fees   $ 69,750     $ 60,750  
Accrued vacation     13,904       29,616  
Total due to related parties   $ 83,654     $ 90,366