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

NOTE 3 – ADVANCES FROM AND NOTES PAYABLE TO OFFICER

 

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

 

The Company has notes payable to the CEO totaling $662,455 as of both September 30, 2014 and March 31, 2014. Accrued interest owed on these notes is $155,455 and $148,704. These notes and accrued interest are convertible into shares of common stock.

 

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, 2014 and March 31, 2013 is $160,250. Accrued interest owed on these notes was $23,179 and $22,090, respectively. These notes and accrued interest are convertible into shares of common stock.

 

The Company has notes payable to the a stockholder totaling $6,413 as of both September 30, 2014 and March 31, 2014. Accrued interest owed on these notes is $784 and $720. These notes and accrued interest are convertible into shares of common stock.