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, 2019
Convertible Notes Payable [Abstract]  
Convertible notes payable

    Principal     Unamortized
Discount
    Net
Amount
    Accrued
Interest
 
Convertible Notes Payable, Net:                                
November 2014 10% Convertible Notes (due July 1, 2019)   $ 612,811     $ (18,701 )   $ 594,110     $ 37,309  
December 2016 10% Convertible Notes (due July 1, 2019)     379,780       (11,589 )     368,191       22,264  
Total Convertible Notes Payable, Net   $ 992,591     $ (30,290 )   $ 962,301     $ 59,573  

 

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

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, 2018 & March 31, 2019   $ 612,811  

 

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 March 31, 2018 & March 31, 2019   $ 379,780