Quarterly report pursuant to Section 13 or 15(d)

3. CASH AND CASH EQUIVALENTS

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3. CASH AND CASH EQUIVALENTS
 9 Months Ended
Dec. 31, 2012
Notes to Financial Statements  
CASH AND CASH EQUIVALENTS

NOTE 3 – CASH AND CASH EQUIVALENTS

 

As of December 31, 2012 and March 31, 2012 cash and cash equivalents included:

 

  December 31, 2012   March 31, 2012
           
U.S. Dollars $    10,789,458   $   39,363,094
Foreign currency   -     9,184
     Total cash and cash equivalents   10,789,458      39,372,278
Less restricted cash   -     36,002,101
     Cash and cash equivalents – unrestricted $   10,789,458   $   3,370,177