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ADVANCES FROM OFFICER AND STOCKHOLDER
3 Months Ended
Jun. 30, 2017
Related Party Transactions [Abstract]  
ADVANCES FROM OFFICER AND STOCKHOLDER

NOTE 4 – ADVANCES FROM OFFICER AND STOCKHOLDER

 

Advances from Stockholder:

 

Advances from a stockholder at June 30, 2017 and March 31, 2017 was $31,000.

 

Advances from Officer: 

Our CEO, Ryan Corley, has made advances to the Company in prior years. During the quarter ended June 30, 2017 and the year ended March 31, 2017, respectively, the CEO made additional unsecured advances totaling $500 and $21,000. During the quarter ended June 30, 2017 and the year ended March 31, 2017, the Company made payments on these advances of $500 and $-0-, respectively. At June 30, 2017 and March 31, 2017, respectively, advances from the CEO were $-0- and $6,000, respectively.

 

The Company has notes payable to the CEO in the aggregate amount of $741,455 and $719,455 as of June 30, 2017 and March 31, 2017, respectively. Accrued interest owed on these notes at June 30, 2017 and March 31, 2017 is $193,680 and $190,007, respectively. These notes and accrued interest are convertible into 40,206,107 and 38,901,957 shares of restricted common stock of the Company, as of June 30, 2017 and March 31, 2017, respectively.

 

At June 30, 2017 and March 31, 2017, advances from the entity controlled by the CEO was $10,500 and notes payable totaled $160,250. Accrued interest owed on these notes at June 30, 2017 and March 31, 2017 is $33,134 and $32,449, respectively. These notes and accrued interest are convertible into 3,119,621 and 3,104,417 shares of restricted common stock of the Company, as of June 30, 2017 and March 31, 2017, respectively.

 

The Company conducts its business from the office of its CEO, Ryan Corley, rent free.