Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS (USD $)
Sep. 30, 2013
Mar. 31, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 9,174,231 $ 10,463,531
Total current assets 9,174,231 10,463,531
LONG TERM ASSETS    
Other fixed assets, net 40,393 98,356
Total long term assets 40,393 98,356
TOTAL ASSETS 9,214,624 10,561,887
CURRENT LIABILITIES    
Accounts payable 167,837 373,202
Taxes payable, accrued liabilities and other payables 34,183 22,568
Deferred distribution payments 8,607,365 8,613,665
Total current liabilities 8,809,385 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 (89,013,868) (87,866,655)
Total shareholders' equity 405,239 1,552,452
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 9,214,624 $ 10,561,887