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4. CONVERTIBLE NOTES PAYABLE

12 Months Ended

Mar. 31, 2020

Convertible Notes Payable [Abstract]

4. CONVERTIBLE NOTES PAYABLE

We paid off our convertible notes in full in July 2019. The following table shows the activity related to our convertible notes during the fiscal year ended March 31, 2020:

Total Convertible Notes Payable at March 31, 2019	$	992,591
Less Principal Payments in Cash on Convertible Notes During the Fiscal Year Ended March 31, 2020		(992,591	)
Total Convertible Notes Payable at March 31, 2020	$	–

During the fiscal year ended March 31, 2020, we recorded interest expense of $23,759 related to the contractual interest rates of our convertible notes and interest expense of $30,287 related to the amortization of the note discount, for a total interest expense of $54,046 related to our convertible notes in the fiscal year ended March 31, 2020.

Convertible Notes Payable, Net consisted of the following at March 31, 2019:

	Principal		Unamortized Discount			Net Amount		Accrued Interest
Convertible Notes Payable, Net:
November 2014 10% Convertible Notes (due July 1, 2019)	$	612,811	$	(18,701	)	$	594,110	$	37,309
December 2016 10% Convertible Notes (due July 1, 2019)		379,780		(11,589	)		368,191		22,264
Total Convertible Notes Payable, Net	$	992,591	$	(30,290	)	$	962,301	$	59,573

During the fiscal year ended March 31, 2019, we recorded interest expense of $99,260 related to the contractual interest rates of our convertible notes and interest expense of $121,148 related to the amortization of the note discount for a total interest expense of $220,408 related to our convertible notes in the fiscal year ended March 31, 2019.