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Related Party Transactions
12 Months Ended
Mar. 31, 2015
Related Party Transactions [Abstract]  
Related Party Transactions

Related Parties

 

Related parties with whom the Company had transactions are:

 

Related Parties   Relationship
     
Alex Viecco   Chief Executive Officer and significant stockholder of the Company
     
Point Loma Capital, Inc.   An entity owned and controlled by a significant stockholder of the Company
     
CMFD Group LLC   An entity owned and controlled by a significant stockholder of the Company

 

Notes Payable - Related Parties

 

Notes payable – related parties consisted of the following:

 

    March 31, 2015     March 31, 2014  
             
Note payable to Chief Executive Officer, issued on June 6, 2011, with interest at 8% per annum, with principal and interest due on June 6, 2013, The note is currently past due.   $ 1,000     $ 1,000  
                 
Note payable to stockholder, issued on June 21, 2011, with interest at 8% per annum, with principal and interest due on June 21, 2013, The note is currently past due.     10,000       10,000  
                 
Note payable to stockholder, issued on January 3, 2012, with interest at 8% per annum, with principal and interest due on January 20, 2013, The note is currently past due     2,000       2,000  
                 
Note payable to stockholder, issued on January 20, 2012, with interest at 8% per annum, with principal and interest due on January 20, 2014, The note is currently past due     2,000       2,000  
                 
Note payable to stockholder, issued on March 1, 2012, with interest at 8% per annum, with principal and interest due on March 31, 2013, The note is currently past due     2,000       2,000  
                 
Note payable to stockholder, issued on April 1, 2012, with interest at 8% per annum, with principal and interest due on March 31, 2013, The note is currently past due     2,000       2,000  
                 
Note payable to stockholder, issued on March 23, 2012, with interest at 8% per annum, with principal and interest due on March 23, 2014, The note is currently past due     6,000       6,000  
                 
Note payable to a relative of the Chief Executive Officer, issued November 20, 2012, with interest at 8% per annum, with principal and interest due on November 20, 2013, The note is currently past due     1,000       1,000  
                 
Note payable to Destiladora Huerta Real, S.A. de C.V., an entity controlled by the President and Chief Operating Officer, with interest at 5% per annum, with principal and interest due on August 23, 2015, The note is currently past due     320,000       320,000  
                 
      346,000       346,000  
                 
Current maturities of notes payable – related parties     (346,000 )     (26,000 )
                 
Notes payable – related parties, net of current maturities   $ -     $ 320,000  

 

Advances from Stockholder

 

From time to time, stockholders of the Company advance funds to the Company for working capital purpose. Those advances are unsecured, non-interest bearing and due on demand.