NOTES PAYABLE

3 Months Ended

Jun. 30, 2017

Payables and Accruals [Abstract]

NOTES PAYABLE

NOTE 3 – NOTES PAYABLE

Note payable-stockholder consists of the following:
	June 30, 2017		March 31, 2017
5.5% note payable to a stockholder, due November 30, 2017 with the Company having a six month optional extension period to May 30, 2018.	$	100,000	$	—

Convertible notes payable-related party consists of the following:
	June 30, 2017		March 31, 2017
2% convertible notes payable to Ryan Corley, President of the Company, due on demand, convertible into a maximum of 36,998,984   common shares		741,455		719,455
2% convertible note payable to an entity controlled by Ryan Corley, President of the Company, due on demand, convertible into a maximum of 978,000 common shares		48,900		48,900
3% convertible notes payable to an entity controlled by Ryan Corley, President of the Company, due on demand, convertible into a maximum of 1,619,500 common shares		111,350		111,350
2% convertible notes payable to Douglas Goodsell, a related party, due on demand, convertible into a maximum of 519,828 common shares		10,396		10,396
Total notes payable-related party	$	912,101	$	890,101

Convertible notes payable consist of the following:
	June 30, 2017		March 31, 2017
7% convertible notes payable to stockholders, which is past due, convertible into a maximum of 500,000 common shares,		100,000		100,000
7% convertible notes payable to stockholders, due August 12, 2018 convertible into a maximum of 250,000 common shares		50,000		50,000
4% convertible notes payable to a stockholder, due on demand, convertible into a maximum of 350,000 common shares		175,000		175,000
2% convertible notes payable to stockholders, due on demand, convertible into a maximum of 1,100,000 common shares		25,000		25,000
Total notes payable	$	350,000	$	350,000

On April 1, 2017, the Company converted $6,000 of the advances from an officer into a convertible note payable. The note bears interest of 2% and is convertible with the accrued interest into common shares of the Company at a rate of $0.05 per share.

On May 30, 2017, the Company’s subsidiary, EnXnet Energy Company, LLC, entered into a loan agreement with an individual to borrow $100,000 for an initial term of 6 months with the option to extend the note for an additional 6 months. The note is due November 30, 2017 with interest of 5.5% in the amount of $2,750 which was paid in June 30, 2017. The Company also issued 100,000 shares of Common Stock with a fair value of $4,000 which was recognized as interest expense during the three months ended June 30, 2017. The loan is to be used to secure a one hundred thousand ($100,000) Cash Oil and Gas Blanket Activity Bond with the State of Colorado.

On June 16, 2017, the Company borrowed $16,000 from our CEO, Ryan Corley. The note bears interest of 2% and is convertible with the accrued interest into common shares of the Company at a rate of $0.016 per share.