Notes Payable | 3 Months Ended |
Jun. 30, 2014 |
Debt Disclosure [Abstract] | ' |
Notes Payable | ' |
Note 3. Notes Payable |
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Notes payable as of June 30, 2014 are: |
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Unsecured promissory note payable, dated August 13, 2012 | | $ | 30,000 | |
bearing interest at 4% per annum, due August 13, 2014 |
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Unsecured promissory note payable, dated December 18, 2012 | | | 50,000 | |
bearing interest at 4% per annum, due December 18, 2014. |
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Unsecured promissory note payable, dated June 13, 2013 | | | 20,000 | |
bearing interest at 4% per annum, due June 13, 2015. |
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Unsecured promissory note payable, dated October 7, 2013 | | | 10,000 | |
bearing interest at 4% per annum, due October 7, 2014. |
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Unsecured promissory note payable, dated December 18, 2013 | | | 5,000 | |
bearing interest at 4% per annum, due December 18, 2014. |
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Unsecured promissory note payable, dated February 19, 2014 | | | 5,000 | |
bearing interest at 4% per annum, due February 19, 2015. |
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Unsecured promissory note payable, dated April 16, 2014 | | | 10,000 | |
bearing interest at 4% per annum, due April 16, 2015. |
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Unsecured promissory note payable, dated June 24, 2014 | | | 6,000 | |
bearing interest at 4% per annum, due June 24, 2015. |
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| | $ | 136,000 | |
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Interest expense incurred under debt obligations amounted to $1,288 and $840 for the three months ended June 30, 2014 and 2013, respectively. Accrued interest was $6,738 and $5,450 as of June 30, 2014 and March 31, 2014, respectively. |