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Note 8. Notes Payable
9 Months Ended
Dec. 31, 2013
Notes  
Note 8. Notes Payable

8.         Notes Payable

 

The Company issued on February 21, 2012 a $99,964 unsecured note payable to a third party.  The note bears interest at 10%, compounded annually, matures in two years on February 21, 2014. 

 

The Company issued on June 13, 2012 a $99,970 unsecured note payable to a third party.  The note bears interest at 10%, compounded annually, matures in two years on June 13, 2014. 

 

The Company issued on September 27, 2012 a $49,980 unsecured note payable to a third party.  The note bears interest at 10%, compounded annually, matures in two years on September 27, 2014.

 

The Company issued on October 5, 2012 a $49,980 unsecured note payable to a third party.  The note bears interest at 10%, compounded annually, matures in two years on October 5, 2014.

 

The Company issued on December 18, 2012 a $49,980 unsecured note payable to a third party.  The note bears interest at 10%, compounded annually, matures in two years on December 18, 2014.

 

The Company issued on February 26, 2013 a $49,980 unsecured note payable to a third party.  The note bears interest at 10%, compounded annually, matures in two years on February 26, 2015.

 

The Company issued on April 18, 2013 a $46,500 unsecured note payable to a third party.  The note bears interest at 10%, compounded annually, matures in two years on April 18, 2015.

 

The Company issued on May 7, 2013 a $3,500 unsecured note payable to a third party.  The note bears interest at 10%, compounded annually, matures in two years on May 7, 2015.

 

The Company issued on May 30, 2013 a $50,000 unsecured note payable to a third party.  The note bears interest at 10%, compounded annually, matures in two years on May 30, 2015.

 

The Company issued on July 12, 2013, a $50,000 unsecured note payable to a third party.  The note bears interest at 10%, compounded annually, matures in one year on July 12, 2014.

 

The Company issued on August 02, 2013, a $50,000 unsecured note payable to a third party.  The note bears interest at 10%, compounded annually, matures in one year on August 2, 2014.

 

The Company issued on September 12, 2013 a $30,000 unsecured note payable to a third party.  The note bears interest at 10%, compounded annually, matures in one year on September 12, 2014.

 

The Company issued on September 27, 2013 a $50,000 unsecured note payable to a third party.  The note bears interest at 10%, compounded annually, matures in one year on September 27, 2014.

 

Interest expense for the three months ended December 31, 2013, and 2012 was $17,907 and $7,662, respectively and for the nine months ended December 31, 2013, and 2012, was $44,788 and $15,687, respectively.