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4. ADVANCES FROM AND NOTES PAYABLE TO OFFICER
3 Months Ended
Jun. 30, 2014
Related Party Transactions [Abstract]  
4. ADVANCES FROM AND NOTES PAYABLE TO OFFICER

NOTE 4 – ADVANCES FROM AND NOTES PAYABLE TO OFFICER

 

Advances from a stockholder at both June 30, 2014 and March 31, 2014 were $32,400.

 

The Company has notes payable to the CEO totaling $662,455 as of both June 30, 2014 and March 31, 2014. Accrued interest owed on these notes is $152,061 and $148,704. These notes and accrued interest are convertible into 15,885,089 and 15,811,628 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 June 30, 2014 and March 31, 2013 is $160,250. Accrued interest owed on these notes was $21,014 and $22,090, respectively. These notes and accrued interest are convertible into 2,938,886 and 2,921,896 shares, respectively.