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4. ADVANCES FROM OFFICER AND STOCKHOLDER
9 Months Ended
Dec. 31, 2016
Related Party Transactions [Abstract]  
4. ADVANCES FROM OFFICER AND STOCKHOLDER

NOTE 4 – ADVANCES FROM OFFICER AND STOCKHOLDER

 

Advances from Stockholder:

Advances from a stockholder at December 31, 2016 and March 31, 2016 were $31,000.

 

Advances from Officer:

Our CEO, Ryan Corley, has made advances to the Company in prior years. During the nine months ended December 31, 2016 and the year ended March 31, 2016, respectively, the CEO made additional unsecured advances totaling $15,000 and $5,000. Also during the nine months ended December 31, 2016, the Company converted $10,000 of the advances into a convertible note payable. At December 31, 2016 and March 31, 2016, respectively, advances from the CEO were $5,000 and $-0- respectively.

 

The Company has notes payable to the CEO in the aggregate amount of $714,455 and $704,455 as of December 31, 2016, and March 31, 2016, respectively. Accrued interest owed on these notes at December 31, 2016 and March 31, 2016 is $186,609 and $175,759, respectively. These notes and accrued interest are convertible into 38,734,228 and 37,535,471 shares of restricted common stock of the company.

 

At December 31, 2016 and March 31, 2016, advances from the entity controlled by the CEO were $10,500 and $10,500 and notes payable totaled $160,250 and $160,250, respectively. Accrued interest owed on these notes at December 31, 2016 and March 31, 2016 is $32,950 and $29,711, respectively. These notes and accrued interest are convertible into 3,108,683 and 3,059,127 shares of restricted common stock of the company.

 

The Company conducts its business from the office of its CEO, Ryan Corley, rent free. The office is located at 7450 S. Winston Ave. in Tulsa, OK. The Company’s offices are currently adequate and suitable for its operations.