XML 67 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
5. CONVERTIBLE NOTES PAYABLE (Tables)
12 Months Ended
Mar. 31, 2013
Convertible Notes Payable  
Convertible notes payable

Convertible Notes Payable consist of the following at March 31, 2013:

 

    Principal     Unamortized
Discount
    Net
Amount
    Accrued
Interest
 
Amended and Restated Series A 12% Convertible Notes, past due   $ 885,000     $     $ 885,000     $ 398,250  
2008 10% Convertible Notes, past due     25,000             25,000       15,417  
December 2006 10% Convertible Notes, past due     17,000             17,000       15,888  
October & November 2009 10% Convertible Notes     50,000       (389 )     49,611       20,000  
April 2010 10% Convertible Note     75,000       (3,895 )     71,105       23,938  
September 2010 10% Convertible Notes, past due     308,100             308,100       52,393  
April 2011 10% Convertible Notes, past due     400,400             400,400       100,100  
July and August 2011 10% Convertible Notes, $257,656 past due     357,655             357,655       68,704  
September 2011 Convertible Notes, past due     178,760             178,760        
Law Firm Note     75,000             75,000       3,854  
Total – Convertible Notes   $ 2,371,915     $ (4,284 )   $ 2,367,631     $ 698,544  

 

Convertible Notes Payable consist 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
    Fiscal Year Ended
March 31, 2013
    Fiscal Year Ended
March 31, 2012
 
Principal converted   $ 30,000     $ 405,500  
Accrued interest converted   $ 64,164     $ 19,255  
September 2011 Convertible note
    Fiscal Year Ended
March 31, 2013
    Fiscal Year Ended
March 31, 2012
 
Principal converted   $ 60,000     $ 15,000