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NOTE 4 - ADVANCES FROM AND NOTES PAYABLE TO OFFICER
3 Months Ended
Dec. 31, 2012
Advancesfrom Officerand Stockholder
NOTE 4 – ADVANCES FROM AND NOTES PAYABLE TO OFFICER

Advances from a stockholder at both December 31, 2012 and March 31, 2012 were $32,400.

Our CEO, Ryan Corley, has made advances to the Company in prior years. During the nine months ended December 31, 2012, the CEO made additional unsecured advances totaling $18,900. During nine months ended December 31, 2012 the Company made payments on these advances of $11,000. On May 17, 2012, advances in the amount of $36,900 were converted into a note payable bearing interest at 2% and convertible into common stock of the Company at $0.08 per share.

The Company has notes payable to the CEO totaling $642,455 and $605,555 as of December 31, 2012 and March 31, 2012. Accrued interest owed on these notes is $132,401 and $122,670. These notes and accrued interest are convertible into 14,811,557 and 13,372,992 shares, respectively.

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, 2012 and March 31, 2012 is $160,250. Accrued interest owed on these notes was $15,390 and $12,136, respectively. These notes and accrued interest are convertible into 2,832,125 and 2,780,783 shares, respectively.