• Filing Date: 2016-07-14
  • Form Type: 10-K
  • Description: Annual report
v3.5.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2016
Mar. 31, 2015
CURRENT    
Cash and cash equivalents $ 6,158 $ 220,874
Accounts receivable 0 3,203
Total current assets 6,158 224,077
Fixed assets    
Land 202,293 202,293
Buildings 1,328,161 1,328,161
Machinery and equipment 929,214 893,234
Autos and trucks 14,063 14,063
Furniture and fixtures 22,060 22,060
Accumulated depreciation (1,161,144) (1,086,464)
Fixed assets, net 1,334,647 1,373,347
Other assets    
Deposits 11,500 11,500
Total other assets 11,500 11,500
TOTAL ASSET 1,352,305 1,608,924
CURRENT    
Accounts Payable 568,806 181,759
Accrued interest - related parties 320,822 238,010
Other accrued expenses 154,558 149,421
Short-term Promissory Note and Lines of credit 837,469 801,634
Notes payable - related parties 654,906 560,954
Notes payable in default - related party 2,305,953 2,305,953
TOTAL CURRENT LIABILITIES 4,842,514 4,237,731
TOTAL LIABILITIES 4,842,514 4,237,731
Commitments and contingencies (Note 10)   0
STOCKHOLDERS DEFICIT    
Common stock, $0.0001 par value, 300,000,000 shares authorized 89,399,012 and 86,777,382 shares issued and outstanding at March 31, 2016 and March 31, 2015, respectively 8,940 8,678
Additional Paid In Capital 25,342,943 24,078,062
Subscription stock receivable 0 (25,001)
Accumulated deficit (28,842,092) (26,690,546)
Total stockholders' deficit (3,490,209) (2,628,807)
Total liabilities and stockholders' deficiency $ 1,352,305 $ 1,608,924