Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Tables)

v3.6.0.2
Notes Payable (Tables)
9 Months Ended
Dec. 31, 2016
Convertible Promissory Notes And Other Notes Payable Tables  
Notes Payable

The following table summarizes our unsecured promissory notes at December 31, 2016 and March 31, 2016.

 

    December 31, 2016     March 31, 2016  
    Principal     Accrued           Principal     Accrued        
    Balance     Interest     Total     Balance     Interest     Total  
                                     
   5.75% Note payable to insurance premium                                    
financing company (current)   $ 35,800     $ -     $ 35,800     $ -     $ -     $ -  
                                                 
                                                 
  7.0% Note payable to Progressive Medical Research   $ -     $ -     $ -     $ 58,800     $ 12,000     $ 70,800  
 less: current portion     -       -       -       (31,600 )     (12,000 )     (43,600 )
  7.0% Notes payable - non-current portion   $ -     $ -     $ -     $ 27,200     $ -     $ 27,200  
                                                 
  Total notes payable to unrelated parties   $ 35,800     $ -     $ 35,800     $ 58,800     $ 12,000     $ 70,800  
 less: current portion     (35,800 )     -       (35,800 )     (31,600 )     (12,000 )     (43,600 )
Net non-current portion   $ -     $ -     $ -     $ 27,200     $ -     $ 27,200