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8. OTHER CURRENT LIABILITIES
 3 Months Ended
Jun. 30, 2012
Note 8. Other Current Liabilities  
Other Liabilities Disclosure

 

At June 30, 2012 and March 31, 2012, our other current liabilities were comprised of the following items:

 

   June 30,
2012		  March 31,
2012
Accrued interest  $861,248   $798,988 
Accrued legal fees   179,465    179,465 
Deferred rent   5,891    5,607 
Other   114,977    147,161 
Total other current liabilities  $1,161,581   $1,131,221 

 

As of the date of this report, various promissory and convertible notes payable in the aggregate principal amount of $2,390,500 (as identified in Notes 4 and 5 above) have reached maturity and are past due. We are continually reviewing other financing arrangements to retire all past due notes. At June 30, 2012, we had accrued interest in the amount of $768,709 associated with these defaulted notes in accrued liabilities payable (see Notes 4 and 5).