Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS (USD $)
Jun. 30, 2013
Mar. 31, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 10,019,943 $ 10,463,531
Total current assets 10,019,943 10,463,531
LONG TERM ASSETS    
Other fixed assets, net 69,375 98,356
Total long term assets 69,375 98,356
TOTAL ASSETS 10,089,318 10,561,887
CURRENT LIABILITIES    
Accounts payable 434,711 373,202
Taxes payable, accrued liabilities and other payables 38,127 22,568
Deferred consulting and distribution payments 8,607,365 8,613,665
Total current liabilities 9,080,203 9,009,435
SHAREHOLDERS' EQUITY    
Preferred stock - $0.001 par value; 20,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock - $0.001 par value; 500,000,000 shares authorized; 55,787,554 and 55,787,554 shares outstanding, respectively 55,788 55,788
Additional paid in capital 89,363,319 89,363,319
Accumulated deficit (88,409,992) (87,866,655)
Total shareholders' equity 1,009,115 1,552,452
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 10,089,318 $ 10,561,887