Convertible Notes Payable (Tables)

12 Months Ended

Mar. 31, 2015

Convertible notes payable consist of the following:

	March 31,		March 31,		January 31,
	2015		2014		2014

9% Senior Subordinated Convertible Notes due February 15, 2016, net of debt discount of $62,682 (March 31, 2015), $137,393 (March 31, 2014) and $149,478 (January 31, 2014)	$	1,037,818	$	962,978	$	950,522
8% Convertible Note Payable to NNA due March 28, 2019, net of debt discount of $985,255 (March 31, 2015)		1,014,745		-		-
Conversion feature liability		442,358		-		-
Other convertible note		-		-		150,000
	$	2,494,921	$	962,978	$	1,100,522

Interest expense associated with the convertible notes payable consisted of the following:

	Year Ended March 31, 2015		Two Months Ended March 31, 2014		Year Ended January 31, 2014
Interest expense	$	209,369	$	18,518	$	218,403
Amortization of loan fees and discount		229,156		24,452		231,055
	$	438,525	$	42,970	$	449,458

Aggregate maturities of long term debt at March 31, 2015, gross of discount and net of conversion feature liability, are as follows: