Will this schematic work for a simple microphone with a two way toggle and LED's to show on/off status?

I don't know resistance needed I'm pretty sure once I plug the 3.5mm to 3.5mm cable into the female jack that it gets 5 volts of power, otherwise any help in this design would be appreciated as I'm trying to make a microphone that doesn't have its own cord to bypass having to solder or replace a microphone every time my cat feels the need to chew small wires.

Picture of Will this schematic work for a simple microphone with a two way toggle and LED's to show on/off status?
Putting LEDs in line with a mic isn't going to light the LEDs and will prevent audio from the mics going anywhere. All diodes only allow current to flow in one direction. Which is fine in a DC circuit but a microphone transmits and alternating current through the wire. So the diode would be cutting out half of the sound wave. You'll need more then that to get LEDs on there. For one you will need a separate power source to power the LEDs and the LEDs need to be on there own circuit but share a single DPDT switch.
Ah, see I thought there was a 5 volt current that ran in to the line I didn't think using it would affect the audio like that. Thank you both for your insights on this I was personally thinking that the leds pointed that way because it hits a wall keeping current from flowing in the reverse direction. I guess I had them backwards, i suppose I could pull apart a crappy calculator and use its solar cell to power the leds or use a backup rechargeable triple a battery since I think I have just the one laying around somewhere anyways.
I'm not really sure of the amount of resistance to use for the LED's any Ideas on how to figure out proper resistance to keep the life of the led's in good status if using a triple a battery to power them? By the way I'm not entirely sure how to wire the pins on that switch either, its from a coax to rca conversion box that was shorted out.
....and electret mics are capacitors, so there's no DC path through them.
Both LEDs are wired backwards ! Current flows throught the point of the arrow.

It isn't usually possible to light an LED with the mic bias voltage, because the load resistor is ~22K. You COULD do it, if you added a battery.