v2.4.1.9

Balance Sheets (Unaudited) (USD $)	Mar. 31, 2015	Mar. 31, 2014
Current assets
Cash	$ 0us-gaap_Cash	$ 31,387us-gaap_Cash
Total current assets	0us-gaap_AssetsCurrent	31,387us-gaap_AssetsCurrent
Other assets
Prepaid Marketing Expenses	296,364us-gaap_PrepaidExpenseNoncurrent	296,364us-gaap_PrepaidExpenseNoncurrent
Work in Progress, Patents	0us-gaap_FiniteLivedPatentsGross	14,992us-gaap_FiniteLivedPatentsGross
Fixed assets, net	1,713us-gaap_OtherAssets	2,183us-gaap_OtherAssets
Intangible assets, net	1,290,509us-gaap_FiniteLivedIntangibleAssetsNet	1,402,232us-gaap_FiniteLivedIntangibleAssetsNet
TOTAL ASSETS	1,588,586us-gaap_Assets	1,747,158us-gaap_Assets
Current Liabilities
Cash Overdraft	3,989us-gaap_BankOverdrafts	0us-gaap_BankOverdrafts
Accounts payable and Accrued Liabilities	294,404	145,535
Loan Payable to Related Party	20,673	8,253
Current Portion of Long-Term Debt	201,018us-gaap_LongTermDebtCurrent	0us-gaap_LongTermDebtCurrent
Total current liabilities	520,084us-gaap_LiabilitiesCurrent	153,788us-gaap_LiabilitiesCurrent
Long-Term Liabilities
Long-Term Debt, Net of Current Portion	15,000us-gaap_LongTermDebt	824,789us-gaap_LongTermDebt
Total long-term Liabilities	15,000us-gaap_LiabilitiesNoncurrent	824,789us-gaap_LiabilitiesNoncurrent
TOTAL LIABILITIES	535,084us-gaap_Liabilities	978,577us-gaap_Liabilities
COMMITMENTS
STOCKHOLDERS' EQUITY
Preferred Stock	0us-gaap_PreferredStockValue	0us-gaap_PreferredStockValue
Common Stock	62,356us-gaap_CommonStockValue	54,783us-gaap_CommonStockValue
Additional Paid in capital	8,290,405us-gaap_AdditionalPaidInCapital	7,540,678us-gaap_AdditionalPaidInCapital
Accumulated Deficit During the Development Stage	(7,294,516)	(6,824,307)
Other Comprehensive Income (Loss)	(4,743)	(2,573)
TOTAL STOCKHOLDERS' EQUITY	1,053,502us-gaap_StockholdersEquity	768,581us-gaap_StockholdersEquity
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,588,586	$ 1,747,158

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.

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Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

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Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.

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Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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Carrying value as of the balance sheet date of payments made in excess of existing cash balances, which will be honored by the bank but reflected as a loan to the entity. Overdrafts generally have a very short time frame for correction or repayment and are therefore more similar to short-term bank financing than trade financing.

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Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.

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Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.

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Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.

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Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.

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Gross carrying amount before accumulated amortization as of the balance sheet date of the costs pertaining to the exclusive legal rights granted to the owner of the patent to exploit an invention or a process for a period of time specified by law. Such costs may have been expended to directly apply and receive patent rights, or to acquire such rights.

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Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.

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Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.

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Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.

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Amount of obligation due after one year or beyond the normal operating cycle, if longer.

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Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

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Amount of long-term debt, after unamortized discount or premium, scheduled to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

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The amount for notes payable (written promise to pay), due to related parties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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The aggregate carrying amounts, as of the balance sheet date, of assets not separately disclosed in the balance sheet.

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Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.

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Sum of the carrying amounts as of the balance sheet date of amounts paid in advance for expenses which will be charged against earnings in periods after one year or beyond the operating cycle, if longer.

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The cumulative amount of the reporting entity's undistributed earnings or deficit.

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Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

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Ocean Electric Inc. 10-Q/A