Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF OPERATIONS (Unaudited)

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CONDENSED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Income Statement [Abstract]        
REVENUES $ 0 $ 0 $ 0 $ 0
COSTS AND OPERATING EXPENSES        
General and administrative 575,105 1,006,116 1,090,070 1,738,194
Amortization and depreciation 28,982 28,982 57,963 57,962
Total costs and operating expenses 604,087 1,035,098 1,148,033 1,796,156
LOSS FROM OPERATIONS (604,087) (1,035,098) (1,148,033) (1,796,156)
OTHER INCOME        
Foreign exchange gain, net 0 0 0 31
Interest income 0 2,700 0 4,198
Other income, net 211 (2,370) 820 6,845
Total other income/(expense) 211 330 820 11,074
NET LOSS $ (603,876) $ (1,034,768) $ (1,147,213) $ (1,785,082)
BASIC AND DILUTED NET LOSS PER COMMON SHARE $ (0.01) $ (0.02) $ (0.02) $ (0.03)