Convertible Promissory Notes and Other Notes Payable (Tables)

3 Months Ended

Jun. 30, 2013

Convertible Promissory Notes And Other Notes Payable Tables

Convertible Promissory Notes and Other Notes Payable

	June 30, 2013									March 31, 2013
	Principal			Accrued						Principal			Accrued
	Balance			Interest			Total			Balance			Interest			Total
Senior Secured 10% Convertible Promissory Notes
issued to Platinum:
Exchange Note issued on October 11, 2012	$	1,272,600		$	95,700		$	1,368,300		$	1,272,600		$	61,700		$	1,334,300
Investment Note issued on October 11, 2012		500,000			37,600			537,600			500,000			24,200			524,200
Investment Note issued on October 19, 2012		500,000			36,400			536,400			500,000			23,000			523,000
Investment Note issued on February 22, 2013		250,000			9,000			259,000			250,000			2,600			252,600
Investment Note issued on March 12, 2013		750,000			23,100			773,100			750,000			4,700			754,700
		3,272,600			201,800			3,474,400			3,272,600			116,200			3,388,800
Aggregate note discount		(1,947,100	)		-			(1,947,100	)		(1,963,100	)		-			(1,963,100	)
Total Senior notes (non-current)	$	1,325,500		$	201,800		$	1,527,300		$	1,309,500		$	116,200		$	1,425,700
Notes Payable to unrelated parties:
7.0% Notes payable (August 2012)	$	58,800		$	700		$	59,500		$	59,400		$	-		$	59,400
less: current portion		(7,400	)		-			(7,400	)		(8,100	)		-			(8,100	)
7.0% Notes payable - non-current portion	$	51,400		$	700		$	52,100		$	51,300		$	-		$	51,300
7.5% Notes payable to service providers for
accounts payable converted to notes payable:
Burr, Pilger, Mayer	$	90,400		$	1,700		$	92,100		$	90,400		$	-		$	90,400
Desjardins		200,500			4,500			205,000			194,100			800			194,900
McCarthy Tetrault		405,100			5,100			410,200			403,100			1,700			404,800
August 2012 Morrison & Foerster Note A		918,200			11,500			929,700			937,400			-			937,400
August 2012 Morrison & Foerster Note B (1)		1,379,400			85,900			1,465,300			1,379,400			60,100			1,439,500
University Health Network  (1)		549,500			29,700			579,200			549,500			19,400			568,900
		3,543,100			138,400			3,681,500			3,553,900			82,000			3,635,900
Note discount		(1,075,200	)		-			(1,075,200	)		(1,142,600	)		-			(1,142,600	)
		2,467,900			138,400			2,606,300			2,411,300			82,000			2,493,300
less: current portion		(443,200	)		(22,800	)		(466,000	)		(450,300	)		(2,500	)		(452,800	)
non-current portion and discount	$	2,024,700		$	115,600		$	2,140,300		$	1,961,000		$	79,500		$	2,040,500
5.8% and 8% Notes payable to insurance
premium financing company (current)	$	76,800		$	-		$	76,800		$	4,200		$	-		$	4,200
10% Notes payable to vendors for accounts
payable converted to notes payable	$	119,400		$	25,700		$	145,100		$	128,800		$	23,300		$	152,100
less: current portion		(119,400	)		(25,700	)		(145,100	)		(128,800	)		(23,300	)		(152,100	)
non-current portion	$	-		$	-		$	-		$	-		$	-		$	-
Total notes payable to unrelated parties	$	2,722,900		$	164,800		$	2,887,700		$	2,603,700		$	105,300		$	2,709,000
less: current portion		(646,800	)		(48,500	)		(695,300	)		(591,400	)		(25,800	)		(617,200	)
non-current portion and discount	$	2,076,100		$	116,300		$	2,192,400		$	2,012,300		$	79,500		$	2,091,800
Notes payable to related parties:
October 2012 7.5% Note to Cato Holding Co.	$	293,600		$	13,000		$	306,600		$	293,600		$	7,400		$	301,000
October 2012 7.5% Note to Cato Research Ltd. (1)		1,009,000			55,900			1,064,900			1,009,000			36,200			1,045,200
		1,302,600			68,900			1,371,500			1,302,600			43,600			1,346,200
Note discount		(136,500	)		-			(136,500	)		(147,200	)		-			(147,200	)
Total notes payable to related parties		1,166,100			68,900			1,235,000			1,155,400			43,600			1,199,000
less: current portion		(87,400	)		(13,000	)		(100,400	)		(85,600	)		(7,400	)		(93,000	)
non-current portion and discount	$	1,078,700		$	55,900		$	1,134,600		$	1,069,800		$	36,200		$	1,106,000