10. Convertible Note Payable (Tables)

6 Months Ended

12 Months Ended

Sep. 30, 2020

Mar. 31, 2020

Debt Disclosure [Abstract]

Convertible note payable

The following is a summary of convertible notes payable as of September 30, 2020:

Note*	Inception Date	Maturity		Coupon		Face Value		Unamortized Discount		Carrying Value
Note 2	10/31/2019		12/15/2020		8%	$	208,000	$	19,945	$	188,055
Note 3	12/5/2019		12/5/2020		8%		62,000		4,685		57,315
Note 4	12/31/2019		12/31/2020		8%		62,000		3,225		58,775
Note 5	1/27/2020		1/27/2021		8%		184,000		11,101		172,899
Note 6	2/19/2020		2/19/2021		8%		78,000		7,640		70,360
Note 7	3/10/2020		3/10/2021		8%		78,000		9,374		68,626
Note 8	8/4/2020		8/4/2021		8%		156,000		45,077		110,923
						$	828,000	$	101,047	$	726,953

The following is a summary of convertible notes payable as of March 31, 2020:

Note Reference	Inception Date	Maturity		Coupon		Face Value		Unamortized Discount		Carrying Value
Note 1	10/4/2019		10/4/2020		8%	$	82,000	$	18,868	$	63,132
Note 2	10/31/2019		12/15/2020		8%		208,000		53,298		154,702
Note 3	12/5/2019		12/5/2020		8%		62,000		13,021		48,979
Note 4	12/31/2019		12/31/2020		8%		62,000		9,181		52,819
Note 5	1/27/2020		1/27/2021		8%		184,000		26,509		157,491
Note 6	2/19/2020		2/19/2021		8%		78,000		15,826		62,174
Note 7	3/10/2020		3/10/2021		8%		78,000		19,147		58,853
						$	754,000	$	155,850	$	598,150

Allocation of cash proceeds

Based on the previous conclusions, the Company allocated the cash proceeds first to the derivative components at its fair value with the residual allocated to the host debt contract, as follows:

	Note 1		Note 2		Note 3		Note 4		Note 5		Note 6		Note 7			Note 8	Total
Compound embedded derivative	$	26,395	$	68,030	$	15,893	$	10,812	$	25,834	$	14,095	$	17,636	$	42,463	$	221,156
Convertible notes payable		48,605		133,970		44,107		49,188		152,666		60,905		57,364		107,537		654,344
Original issue discount		7,000		6,000		2,000		2,000		5,500		3,000		3,000		6,000		34,500
Face value	$	82,000	$	208,000	$	62,000	$	62,000	$	184,000	$	78,000	$	78,000	$	156,000	$	910,000

	Note 1		Note 2		Note 3		Note 4		Note 5		Note 6		Note 7		Total
Compound embedded derivative	$	26,395	$	68,030	$	15,893	$	10,812	$	25,834	$	14,095	$	17,633	$	178,692
Convertible notes payable		48,605		133,970		44,107		49,188		152,666		60,905		57,367		546,808
Original issue discount		7,000		6,000		2,000		2,000		5,500		3,000		3,000		28,500
Face value	$	82,000	$	208,000	$	62,000	$	62,000	$	184,000	$	78,000	$	78,000	$	754,000

Amortization expense, interest expense and accrued interest

Amortization expense and interest expense for the six months ended September 30, 2020 is as follows:

Note	Interest Expense		Accrued Interest Balance		Amortization of Debt Discount		Unamortized Discount
Note 1	$	1,015	$	–	$	18,870	$	0
Note 2		8,343		13,958		33,352		19,945
Note 3		2,487		4,077		8,335		4,685
Note 4		2,487		3,723		5,955		3,225
Note 5		7,380		9,961		15,408		11,101
Note 6		3,129		3,829		8,186		7,640
Note 7		3,129		3,488		9,774		9,374
Note 8		6,975		6,975		3,386		45,077
	$	34,945	$	46,011	$	103,266	$	101,047

Amortization expense, interest expense and accrued interest for the year ended March 31, 2020 is as follows:

Note		Interest Expense		Accrued Interest Balance		Amortization of Debt Discount
	Note 1	$	3,217	$	3,217	$	14,526
	Note 2		5,956		5,956		20,732
	Note 3		1,590		1,590		4,872
	Note 4		1,237		1,237		3,631
	Note 5		2,581		2,581		4,825
	Note 6		701		701		1,269
	Note 7		359		359		1,488
		$	15,641	$	15,641	$	51,343