Notes Payable | 9 Months Ended |
Dec. 31, 2013 |
Debt Disclosure [Abstract] | ' |
Notes Payable | ' |
Note 3. Notes Payable |
Notes payable as of December 31, 2013 are: |
|
Unsecured promissory note payable, dated August 13, 2012 |
bearing interest at 4% per annum, due August 13, 2014. $ 30,000 |
|
Unsecured promissory note payable, dated December 18, 2012 |
bearing interest at 4% per annum, due December 18, 2014. 50,000 |
|
Unsecured promissory note payable, dated June 13, 2013 |
bearing interest at 4% per annum, due June 13, 2014. 20,000 |
|
Unsecured promissory note payable, dated October 7, 2013 |
bearing interest at 4% per annum, due October 7, 2014. 10,000 |
|
Unsecured promissory note payable, dated December 18, 2013 |
bearing interest at 4% per annum, due December 18, 2014. 5,000 |
$ 115,000 |
|
Interest expense incurred under debt obligations amounted to $1,101 and $375 for the three months ended December 31, 2013 and 2012, respectively. Interest expense incurred under debt obligations amounted to $2,941 and $537 for the nine months ended December 31, 2013 and 2012, respectively. Accrued interest was $4,278 and $1,337 as of December 31, 2013 and March 31, 2013, respectively. |