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5. CONVERTIBLE NOTES PAYABLE (Tables)
 6 Months Ended
Sep. 30, 2012
Convertible notes payable

Convertible Notes Payable consisted of the following at September 30, 2012:

 

    Principal     Unamortized
Discount		     Net
Amount		     Accrued
Interest		  
                         
Amended and Restated Series A 12% Convertible Notes, past due   $ 885,000     $ –     $ 885,000     $ 309,750  
2008 10% Convertible Notes, past due     25,000       –       25,000       13,542  
December 2006 10% Convertible Notes, past due     17,000       –       17,000       14,521  
October & November 2009 10% Convertible Notes     50,000       (2,664 )     47,336       17,500  
April 2010 10% Convertible Note     75,000       (7,072 )     67,928       20,188  
September 2010 10% Convertible Notes, past due     308,100       –       308,100       29,285  
April 2011 10% Convertible Notes, past due     400,400       –       400,400       70,070  
July and August 2011 10% Convertible Notes, $257,656 past due     357,655       –       357,655       44,380  
September 2011 Convertible Notes, past due     208,760       –       208,760       –  
Law Firm Note     75,000       –       75,000       1,979  
Total – Convertible Notes   $ 2,401,915     $ (9,736 )   $ 2,392,179     $ 521,215  

 

Convertible Notes Payable consisted of the following at March 31, 2012:

 

    Principal     Unamortized
Discount		     Net
Amount		     Accrued
Interest		  
                         
Amended and Restated Series A 12% Convertible Notes, past due   $ 900,000     $ –     $ 900,000     $ 168,750  
2008 10% Convertible Notes, past due     25,000       –       25,000       11,667  
December 2006 10% Convertible Notes, past due     17,000       –       17,000       13,246  
October & November 2009 10% Convertible Notes, $25,000 past due     75,000       (4,833 )     70,167       22,500  
April 2010 10% Convertible Note     75,000       (10,107 )     64,893       16,438  
September 2010 10% Convertible Notes     338,100       –       338,100       70,804  
April 2011 10% Convertible Notes     400,400       –       400,400       40,040  
July and August 2011 10% Convertible Notes     357,655       (109,911 )     247,744       24,262  
September 2011 Convertible Notes     238,760       (106,932 )     131,828       –  
November 2011 Convertible Notes     525,000       (51,220 )     473,780       39,177  
February 2012 Convertible Notes     525,000       (188,439 )     336,561       12,120  
Total – Convertible Notes   $ 3,476,915     $ (471,442 )   $ 3,005,473     $ 419,004  
September 2010 10% Convertible note

The following conversions of the September 2010 10% Convertible Note have taken place during the fiscal year ended March 31, 2012 and the six months ended September 30, 2012:

 

    Six Months Ended September 30, 2012     Fiscal Year Ended
March 31, 2012		  
Principal converted   $ 30,000     $ 405,500  
Accrued interest converted   $ 64,164     $ 19,255