NOTES PAYABLE

6 Months Ended

Sep. 30, 2017

Notes to Financial Statements

NOTE 4 - NOTES PAYABLE

Notes payable consisted of the following as of:

	September 30, 2017		March 31, 2017
Note payable, 12% interest per annum, due on August 8, 2016. Note is in default and unsecured.	$	10,000	$	10,000
Note payable, 12% interest per annum, due on August 27, 2016. Note is in default and unsecured.		10,000		10,000
Note payable, 8% interest per annum, due on May 18, 2018. Note is unsecured.		10,000		-
Note payable, 8% interest per annum, due on June 30, 2018. Note is unsecured.		11,000		-
	$	41,000	$	20,000

During the six months ended September 30, 2017, the Company borrowed $21,000 under promissory notes from an unaffiliated lender, under terms set forth in the table above. Proceeds from the borrowings are to further fund ongoing operational expenses.

In 2015, the Company borrowed $20,000 under promissory notes from two unaffiliated lenders (“Lenders”) to fund ongoing operational expenses. These notes are due immediately upon the Company’s receipt of any financing of $250,000 or more, or upon written demand by the Lenders, or not later than August 8, 2016 and August 27, 2016, respectively (the “Maturity Date”). As of September 30, 2017, these notes were in default and accruing interest at 15% per annum pursuant to the terms of the notes. The notes have not been paid and the Company has not negotiated any extension agreements with the Lenders as of November 10, 2017, the date of this filing.