Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2017
Mar. 31, 2016
CURRENT    
Cash and cash equivalents $ 88,195 $ 6,158
Prepaid expenses 224,000 0
Total current assets 312,195 6,158
Fixed assets    
Land 202,293 202,293
Buildings 1,328,161 1,328,161
Machinery and equipment 929,214 929,214
Autos and trucks 14,063 14,063
Furniture and fixtures 22,060 22,060
Accumulated depreciation (1,221,419) (1,161,144)
Fixed assets, net 1,274,372 1,334,647
Other assets    
Deposits 10,500 11,500
Total other assets 10,500 11,500
TOTAL ASSET 1,597,067 1,352,305
CURRENT    
Accounts Payable 505,033 568,806
Accrued interest - related parties 178,922 320,822
Other accrued expenses 317,499 154,558
Short-term Promissory Note and Lines of credit 145,964 837,469
Current maturities of bank loan 7,310 0
Notes payable - related parties 1,296,162 654,906
Notes payable in default - related party 0 2,305,953
Derivative liability 218,000 0
Warrant liability 28,000 0
TOTAL CURRENT LIABILITIES 2,696,890 4,842,514
Bank loan, less current maturities 235,690 0
Line of credit 651,498 0
Convertible debentures, less debt discount of $100,000 50,000 0
TOTAL LIABILITIES 3,634,078 4,842,514
Commitments and contingencies (Note 11)
STOCKHOLDERS DEFICIT    
Preferred stock, $0.0001 par value, 200,000,000 shares authorized, 0 and 0 shares issued and outstanding at March 31, 2017 and March 31, 2016, respectively 0 0
Common stock, $0.0001 par value, 300,000,000 shares authorized, 92,408,298 and 89,399,012 shares issued and outstanding at March 31, 2017 and March 31, 2016, respectively 9,242 8,940
Additional Paid In Capital 26,681,521 25,342,943
Accumulated deficit (28,727,774) (28,842,092)
Total stockholders' deficit (2,037,011) (3,490,209)
Total liabilities and stockholders' deficiency $ 1,597,067 $ 1,352,305