Annual report pursuant to Section 13 and 15(d)

NOTES PAYABLE AND DEBENTURE (Tables)

v3.7.0.1
NOTES PAYABLE AND DEBENTURE (Tables)
12 Months Ended
Mar. 31, 2017
Debt Disclosure [Abstract]  
Schedule of notes payable and debenture

The Company’s notes payable and debenture consisted of the following:

 

    March 31,     March 31,  
    2017     2016  
Note Payable - Rogers   $ 6,883,697     $ 7,153,734  
Note Payable - Dreeben     1,050,000       275,000  
Note Payable – Non-Related Individual     263,158        
Convertible Notes Payable - Silver Star           800,000  
Convertible Notes Payable - HFT           450,000  
Debenture     530,000        
Note Payable - IBC     38,324,527        
      47,051,382       8,678,734  
Unamortized debt discount     (2,624,038 )     (583,183 )
Total Notes Payable and Debenture     44,427,344       8,095,551  
Less current portion of long-term debt     (44,281,649 )     (8,095,551 )
Long-term portion   $ 145,695     $