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7. OTHER CURRENT LIABILITIES
 9 Months Ended
Dec. 31, 2013
Other Liabilities Disclosure [Abstract]  
OTHER CURRENT LIABILITIES

At December 31, 2013 and March 31, 2013, our other current liabilities were comprised of the following items:

 

    December 31,     March 31,  
    2013     2013  
Accrued interest   $ 1,143,225     $ 1,032,110  
Litigation related accrual     1,000,000       –  
Accrued legal fees     179,465       179,465  
Other     103,573       155,610  
Total other current liabilities   $ 2,426,263     $ 1,367,185  

 

As of the date of this report, various promissory and convertible notes payable in the aggregate principal amount of $2,067,916 (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 December 31, 2013, we had accrued interest in the amount of $1,061,046 associated with these defaulted notes in accrued liabilities payable (see Notes 4 and 5).