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5. CONVERTIBLE NOTES PAYABLE (Tables)
 3 Months Ended
Jun. 30, 2014
Convertible Notes Payable [Abstract]  
Convertible notes payable

Convertible Notes Payable consisted of the following at June 30, 2014:

 

   Principal   Unamortized
Discount		   Net
Amount		   Accrued
Interest		 
Convertible Notes Payable – Current Portion:                    
2008 10% Convertible Notes, past due  $25,000   $–   $25,000   $20,104 
October & November 2009 10% Convertible Notes   50,000    –    50,000    27,347 
April 2010 10% Convertible Note   75,000    –    75,000    33,313 
July and August 2011 10% Convertible Notes, past due   257,655    –    257,655    99,918 
Law Firm Note   75,000    –    75,000    8,542 
Total – Convertible Notes Payable – Current Portion   482,655    –    482,655    189,224 
                     
Convertible Notes Payable – Non-Current Portion:                    
Amended and Restated Series A 12% Convertible Notes   225,000    –    225,000    4,500 
September 2010 12% Convertible Notes   317,072    –    317,072    44,546 
April 2011 12% Convertible Notes   448,448    –    448,448    25,571 
September 2011 12% Convertible Notes   10,931    –    10,931    328 
Total – Convertible Notes Payable – Non-Current Portion   1,001,451    –    776,451    74,945 
Total Convertible Notes Payable  $1,484,106   $–   $1,484,106   $264,169 

  

Convertible Notes Payable consisted of the following at March 31, 2014:

 

   Principal   Unamortized
Discount		   Net
Amount		   Accrued
Interest		 
Convertible Notes Payable – Current Portion:                    
Amended and Restated Series A 12% Convertible Notes, past due  $885,000   $–   $885,000   $575,250 
2008 10% Convertible Notes, past due   25,000    –    25,000    19,167 
October & November 2009 10% Convertible Notes   50,000    –    50,000    26,097 
April 2010 10% Convertible Note   75,000    –    75,000    31,438 
July and August 2011 10% Convertible Notes, past due   257,655    –    257,655    90,256 
Law Firm Note   75,000    –    75,000    7,604 
Total – Convertible Notes Payable – Current Portion   1,367,655    –    1,367,655    749,812 
                     
Convertible Notes Payable – Non-Current Portion:                    
September 2010 12% Convertible Notes   317,072    –    317,072    35,034 
April 2011 12% Convertible Notes   448,448    –    448,448    12,117 
September 2011 12% Convertible Notes   10,931    –    10,931    – 
Total – Convertible Notes Payable – Non-Current Portion   776,451    –    776,451    47,151 
Total Convertible Notes Payable  $2,144,106   $–   $2,144,106   $796,963 

 
Activity in Convertible Notes

The following table shows the conversions into principal of the October and November 2009 Convertible Notes by fiscal year:

 

Activity in October & November 2009 10% Convertible Notes
Initial principal balance   $ 450,250  
Conversions during the fiscal year ended March 31, 2010     (70,000 )
Conversions during the fiscal year ended March 31, 2011     (175,000 )
Conversions during the fiscal year ended March 31, 2012     (130,250 )
Conversions during the fiscal year ended March 31, 2013     (25,000 )
Conversions during the fiscal year ended March 31, 2014     --  
Conversions during the three months ended June 30, 2014     --  
Balance as of June 30, 2014   $ 50,000  

 

The following table shows the activity in the September 2010 10% Convertible Notes by fiscal year:

 

Activity in the September 2010 10% Convertible Notes
Initial principal balance   $ 743,600  
Conversions during the fiscal year ended March 31, 2012     (405,500 )
Conversions during the fiscal year ended March 31, 2013     (30,000 )
Conversions during the fiscal year ended March 31, 2014     (25,000 )
Increase in principal balance due to 12% extension fee     33,972  
Conversions during the three months ended June 30, 2014     --  
Balance as of June 30, 2014   $ 317,072  

  

The following table shows the conversions into principal of the September 2011 Convertible Notes by fiscal year:

 

Activity in the September 2011 Convertible Notes
Initial principal balance   $ 253,760  
Conversions during the fiscal year ended March 31, 2012     (15,000 )
Conversions during the fiscal year ended March 31, 2013     (60,000 )
Conversions during the fiscal year ended March 31, 2014     (169,000 )
Increase in principal balance due to extension fee     1,171  
Conversions during the three months ended June 30, 2014     --  
Balance as of June 30, 2014   $ 10,931