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Convertible Notes Payable (Tables)
 2 Months Ended
Mar. 31, 2014
Convertible Notes [Abstract]  
Schedule of long-term debt instruments
The Company’s long-term debt consisted of the following at March 31, 2014 and January 31, 2014:
 
 
 
March 31,
 
January 31,
 
 
 
2014
 
2014
 
 
 
 
 
 
 
 
 
10% Senior Subordinated Convertible Notes redeemed in fiscal year 2014
 
$
-
 
$
-
 
9% Senior Subordinated Convertible Notes due February 15, 2016, net of debt discount of $137,393 (March 31, 2014) and $186,897 (January 31, 2014)
 
 
962,978
 
 
950,522
 
8% Senior Subordinated Convertible Notes due February 1, 2015
 
 
-
 
 
150,000
 
Total Convertible Notes
 
 
962,978
 
 
1,100,522
 
Less: Current Portion
 
 
-
 
 
-
 
Long Term Portion
 
$
962,978
 
$
1,100,522
 
Schedule Of Debt Instruments Interest Expense
Interest expense associated with the convertible notes payable consisted of the following:
 
 
 
Two months ended March 31,
 
 
 
2014
 
2013
 
Interest expense
 
$
19,680
 
$
36,033
 
Amortization of loan fees and discount
 
 
23,380
 
 
41,460
 
 
 
$
43,060
 
$
77,493