Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF SHAREHOLDERS’ EQUITY

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STATEMENTS OF SHAREHOLDERS’ EQUITY (USD $)
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Total
Beginning Balance, Amount at Mar. 31, 2012 $ 55,788 $ 106,099,585 $ (84,777,790) $ 21,377,583
Beginning Balance, Shares at Mar. 31, 2012 55,787,554      
Shareholder distribution    (16,736,266) 0 (16,736,266)
Net loss for the year    0 (3,088,865) (3,088,865)
Ending Balance, Amount at Mar. 31, 2013 55,788 89,363,319 (87,866,655) 1,552,452
Ending Balance, Shares at Mar. 31, 2013 55,787,554      
Net loss for the year    0 (1,571,749) (1,571,749)
Ending Balance, Amount at Mar. 31, 2014 $ 55,788 $ 89,363,319 $ (89,438,404) $ (19,297)
Ending Balance, Shares at Mar. 31, 2014 55,787,554