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5. CONVERTIBLE NOTES PAYABLE (Tables)
 9 Months Ended
Dec. 31, 2012
Convertible notes payable

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

 

    Principal     Unamortized 
Discount		     Net 
Amount		     Accrued 
Interest		  
                         
Amended and Restated Series A 12% Convertible Notes, past due   $ 885,000     $ –     $ 885,000     $ 354,000  
2008 10% Convertible Notes, past due     25,000       –       25,000       14,479  
December 2006 10% Convertible Notes, past due     17,000       –       17,000       15,250  
October & November 2009 10% Convertible Notes     50,000       (1,540 )     48,460       18,750  
April 2010 10% Convertible Note     75,000       (5,501 )     69,499       22,063  
September 2010 10% Convertible Notes, past due     308,100       –       308,100       40,839  
April 2011 10% Convertible Notes, past due     400,400       –       400,400       85,085  
July and August 2011 10% Convertible Notes, $257,656 past due     357,655       –       357,655       55,557  
September 2011 Convertible Notes, past due     208,760       –       208,760       –  
Law Firm Note     75,000       –       75,000       2,917  
Total – Convertible Notes   $ 2,401,915     $ (7,041 )   $ 2,394,874     $ 608,940  

 

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 nine months ended December 31, 2012:

 

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