XML 34 R23.htm IDEA: XBRL DOCUMENT v3.3.1.900
Convertible Notes Payable (Tables)
9 Months Ended
Dec. 31, 2015
Convertible Notes [Abstract]  
Schedule of Long-term Debt Instruments
Convertible notes payable consist of the following:
 
 
 
December 31,
 
March 31,
 
 
 
2015
 
2015
 
9% Senior Subordinated Convertible Notes due February 15, 2016, net of debt discount of $6,052 (December 31, 2015) and $62,182 (March 31, 2015)
 
$
1,093,948
 
$
1,037,818
 
8% Senior Subordinated Convertible Note Payable to NNA due March 28, 2019, net of debt discount of $985,255 (March 31, 2015) – converted in October 2015
 
 
-
 
 
1,014,745
 
Conversion feature liability
 
 
-
 
 
442,358
 
 
 
$
1,093,948
 
$
2,494,921
 
Less: current
 
 
(1,093,948)
 
 
(1,037,818)
 
Noncurrent
 
$
-
 
$
1,457,103
 
Schedule Of Debt Instruments Interest Expense
Interest expense associated with the convertible notes payable consisted of the following:
 
 
 
Three Months Ended
December 31,
 
Nine Months Ended
December 31,
 
 
 
2015
 
2014
 
2015
 
2014
 
Interest expense
 
$
36,481
 
$
66,188
 
$
168,052
 
$
144,069
 
Amortization of loan fees and discount
 
 
44,400
 
 
67,532
 
 
188,619
 
 
164,854
 
 
 
$
80,881
 
$
133,720
 
$
356,671
 
$
308,923