Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
 6 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,147,213) $ (1,785,082)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 57,963 57,962
Provision expense for notes receivable 0 220,875
Changes in operating assets and liabilities    
Decrease in prepaid expenses and other assets 0 1,080,816
Increase/(decrease) in accounts payable (205,365) 22,288
Increase in taxes payables and accrued liabilities 11,615 32,857
Net cash used in operating activities (1,283,000) (370,284)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash provided by investing activities 0 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash distribution (6,300) (1,793,257)
Net cash used in financing activities (6,300) (1,793,257)
NET CHANGE IN CASH AND CASH EQUIVALENTS (1,289,300) (2,163,541)
CASH AND CASH EQUIVALENTS at beginning of period 10,463,531 39,372,278
CASH AND CASH EQUIVALENTS at end of period $ 9,174,231 $ 37,208,737