Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CASH FLOWS (Unaudited)

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STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
 3 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (543,337) $ (750,314)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 28,981 28,980
Changes in operating assets and liabilities    
Decrease in prepaid expenses and other assets 0 544,718
Increase in accounts payable 61,509 45,827
Increase in taxes payables and accrued liabilities 15,559 20,098
Net cash used in operating activities (437,288) (110,691)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of other fixed assets 0 0
Net cash provided by investing activities 0 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash distribution (6,300) (1,782,857)
Net cash used in financing activities (6,300) (1,782,857)
NET CHANGE IN CASH AND CASH EQUIVALENTS (443,588) (1,893,548)
CASH AND CASH EQUIVALENTS at beginning of period 10,463,531 39,372,278
CASH AND CASH EQUIVALENTS at end of period $ 10,019,943 $ 37,478,730