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NOTE 4. ADVANCES FROM AND NOTES PAYABLE TO OFFICER
6 Months Ended
Sep. 30, 2013
Related Party Transactions [Abstract]  
NOTE 4. ADVANCES FROM AND NOTES PAYABLE TO OFFICER

NOTE 4 – ADVANCES FROM AND NOTES PAYABLE TO OFFICER

 

Advances from a stockholder at both September 30, 2013 and March 31, 2013 were $32,400.

 

Our CEO, Ryan Corley, has made advances to the Company in prior years. During the six months ended September 30, 2013, the CEO made additional unsecured advances totaling $3,000. During six months ended September 30, 2013 the Company made payments on these advances of $1,000.

ENXNET, INC

NOTES TO FINANCIAL STATEMENTS

(Unaudited)

 

The Company has notes payable to the CEO totaling $642,455 and $642,455 as of September 30, 2013 and March 31, 2013. Accrued interest owed on these notes is $142,120 and $135,569. These notes and accrued interest are convertible into 15,021,705 and 14,880,388 shares, respectively.

 

An entity controlled by the CEO has made unsecured advances and notes payables to the Company. Advances and notes payable from the entity controlled by the CEO as of September 30, 2013 and March 31, 2013 is $160,250. Accrued interest owed on these notes was $18,740 and $16,575, respectively. These notes and accrued interest are convertible into 2,885,505 and 2,851,340 shares, respectively