Annual report pursuant to Section 13 and 15(d)

Convertible notes payable

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Convertible notes payable
12 Months Ended
Mar. 31, 2016
Debt Disclosure [Abstract]  
Convertible notes payable

Note 7. Convertible notes payable

 

During March 2015, Akoustis, Inc. received $655,000 in proceeds from six investors upon execution of convertible notes. On April 9, 2015, one note holder converted $10,000 of his outstanding convertible note to 6,806 shares of Common Stock of the Company. On May 22, 2015, the remaining $645,000 of the notes was converted to 430,000 shares of Common Stock of the Company.