Non-convertible Notes payable

6 Months Ended

Sep. 30, 2011

Note 5.

Non-convertible Notes payable:

For the period ended March 31, 2011, we paid $23,750 as part of a promissory note in the total principal amount of $34,000 as a final settlement amount for a previous license agreement. The remaining amount due of $10,250 was required to be settled through monthly payments of $4,250 through December, 2010. Although we did not make all payments in the quarter ended September 30, 2011, we anticipate making those payments in late 2011.

On January 26, 2011, we entered into a promissory note with our landlord (Pishon Partners, LLC) in the principal amount of $75,762. This amount is due June 30, 2011 together with interest of 10% computed on the basis of the actual number of days elapsed over a 360-day year on the unpaid balance. The default rate shall be a per annum interest rate equal to the maximum amount permitted by applicable law. Although we have not paid this note yet, we anticipate making a payment pending a future financing.

On June 3, 2011 and June 30, 2011, we entered into two promissory notes of $100,000 and $25,000, respectively. These notes were subject to an interest rate of ten percent (10%) and are due the sooner of (i) July 3, 2011 for the $100,000 note and July 30, 2011 for the $25,000 note or (ii) from the proceeds of the next funding by the Company. These notes were paid in July 2010 for the total full amount of $125,000 from proceeds of the July 2011 financing.