Carrying value at March 31, 2015

$

560,264

Add: principal value of new convertible notes

774,222

Less: original issuance discount

(70,890)

Less: discount related to fair value of the embedded conversion feature

(411,283)

Less: conversions of note to equity

(280,000)

Add: amortization of discount

410,355

Carrying value at September 30, 2015

$

982,668