|
CONDENSED BALANCE SHEETS (USD $)
|
Jun. 30, 2013
|
Mar. 31, 2013
|
Mar. 31, 2012
|
| Current Assets: |
|
|
|
| Cash |
$ 1,166,254 |
$ 392,483 |
$ 532,206 |
| Security deposit |
2,500 |
2,500 |
1,500 |
| Prepaid expenses |
8,751 |
9,073 |
1,200 |
| Current portion of advance payment on related party lease |
104,166 |
125,000 |
0 |
| Total Current Assets |
1,281,671 |
529,056 |
534,906 |
| Advance payment on related party lease, net of current portion |
0 |
10,417 |
0 |
| Total Assets |
1,281,671 |
539,473 |
534,906 |
| Current Liabilities |
|
|
|
| Accounts payable and accrued liabilities |
182,516 |
112,263 |
79,762 |
| Accounts payable - Related Party |
14,111 |
6,930 |
10,921 |
| Notes Payable |
|
0 |
196,800 |
| Accrued interest |
0 |
9,375 |
19,130 |
| Derivative Liability |
1,462,607 |
398,603 |
0 |
| Total Current Liabilities |
1,659,234 |
527,171 |
306,613 |
| Convertible Notes Payable |
762,500 |
955,000 |
450,000 |
| Less discount |
(190,226) |
(374,592) |
(172,476) |
| Convertible notes payable, net of discount |
572,274 |
580,408 |
277,524 |
| Total liabilities |
2,231,508 |
1,107,579 |
584,137 |
| Stockholders' Deficit |
|
|
|
| Common stock, Value |
59,784 |
55,659 |
51,650 |
| Unvested, issued common stock |
(146,250) |
(157,500) |
0 |
| Additional paid-in-capital |
4,209,971 |
3,707,772 |
1,330,634 |
| Deficit accumulated during the development stage |
(5,073,342) |
(4,174,037) |
(1,431,515) |
| Total stockholders' deficit |
(949,837) |
(568,106) |
(49,231) |
| Total liabilities and stockholders' deficit |
$ 1,281,671 |
$ 539,473 |
$ 534,906 |