Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2015
Mar. 31, 2014
CURRENT    
Cash and cash equivalents $ 220,874 $ 11,749
Accounts receivable 3,203 3,131
Total current assets 224,077 14,880
Fixed assets    
Land 202,293 202,293
Buildings 1,328,161 1,328,161
Machinery and equipment 893,234 866,129
Autos and trucks 14,063 14,063
Furniture and fixtures 22,060 22,060
Accumulated depreciation (1,086,464) (1,003,528)
Fixed assets, net 1,373,347 1,429,178
Other assets    
Deposits 11,500 500
Total other assets 11,500 500
TOTAL ASSET 1,608,924 1,444,558
CURRENT    
Accounts Payable 181,759 196,091
Accrued interest - related parties 238,010 197,184
Other accrued expenses 149,421 31,806
Lines of credit 774,625 764,017
Notes payable - related parties 560,954 557,404
Notes payable in default - related party 2,305,953 2,279,283
Current portion of long-term debt 27,009 35,430
TOTAL CURRENT LIABILITIES 4,237,731 4,061,215
TOTAL LIABILITIES $ 4,237,731 $ 4,061,215
Commitments and contingencies (Note 10)    
STOCKHOLDERS DEFICIT    
Common stock, $0.01 par value, 100,000,000 shares authorized 86,777,382 and 9,700,000 shares issued and outstanding at March 31, 2015 and 2014, respectively $ 8,678 $ 970
Additional Paid In Capital 24,078,062 22,442,094
Subscription stock receivable (25,001) 0
Accumulated deficit (26,690,546) (25,059,721)
Total stockholders' deficit (2,628,807) (2,616,657)
Total liabilities and stockholders' deficiency $ 1,608,924 $ 1,444,558