v3.3.0.814

BALANCE SHEETS - USD ($)	Sep. 30, 2015	Mar. 31, 2015
Current assets:
Cash	$ 1,186	$ 94
Total current assets	1,186	94
Property and equipment, net	38,515	56,510
Total assets	39,701	56,604
Current liabilities:
Accounts payable and accrued liabilities	983,255	929,077
Deferred revenue		40,000
Officer loan	754,780	666,045
Total current liabilities	1,738,035	1,635,122
Total liabilities	1,738,035	1,635,122
Stockholders' equity (deficit):
Common stock; $0.001 par value, 100,000,000 shares authorized and 100,000,000 and 100,000,000 shares issued and outstanding, respectively	100,000	100,000
Additional paid-in capital	2,885,532	2,853,131
Accumulated deficit	(4,683,866)	(4,531,649)
Total stockholders' equity (deficit)	(1,698,334)	(1,578,518)
Total liabilities and stockholders' equity (deficit)	$ 39,701	$ 56,604

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

Meganet Corp 10-Q