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3. ADVANCES FROM AND NOTES PAYABLE TO OFFICER
9 Months Ended
Dec. 31, 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 December 31, 2014 and March 31, 2014 were $31,414 and $32,400.

 

The Company has notes payable to the CEO totaling $664,455and $662,455 as of December 31, 2014 and March 31, 2014. Accrued interest owed on these notes is $158,860 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 December 31, 2014 and March 31, 2014 is $160,250. Accrued interest owed on these notes was $24,280 and $22,090, respectively. These notes and accrued interest are convertible into shares of common stock.

 

The Company has notes payable to a stockholder totaling $10,397 and $6,413 as of December 31, 2014 and March 31, 2014. Accrued interest owed on these notes is $823 and $720. These notes and accrued interest are convertible into shares of common stock.