Annual report pursuant to Section 13 and 15(d)

4. CONVERTIBLE NOTES PAYABLE

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4. CONVERTIBLE NOTES PAYABLE
12 Months Ended
Mar. 31, 2021
Convertible Notes Payable [Abstract]  
CONVERTIBLE NOTES PAYABLE

4. CONVERTIBLE NOTES PAYABLE

 

We paid off our convertible notes in full in July 2019. We also paid $83,332 of accrued interest during the fiscal year ended March 31, 2020. The following table shows the activity related to our convertible notes during the fiscal year ended March 31, 2020:

 

Total Convertible Notes Payable at March 31, 2019   $ 992,591  
Less Principal Payments in Cash on Convertible Notes During the Fiscal Year Ended March 31, 2020     (992,591 )
Total Convertible Notes Payable at March 31, 2020   $  

 

During the fiscal year ended March 31, 2020, we recorded interest expense of $23,759 related to the contractual interest rates of our convertible notes and interest expense of $30,287 related to the amortization of the note discount, for a total interest expense of $54,046 related to our convertible notes in the fiscal year ended March 31, 2020.