Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CASH FLOWS

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STATEMENTS OF CASH FLOWS (USD $)
 12 Months Ended
Mar. 31, 2014
Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (1,571,749) $ (3,088,865)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 98,356 115,924
Provision expense for notes receivable 0 220,875
Changes in operating assets and liabilities:    
Decrease in prepaid expenses and other assets 0 1,616,915
(Decrease) in accounts payable (307,025) (4,645,510)
(Decrease)/increase in taxes payables and accrued liabilities (22,568) 11,071
Net cash used in operating activities (1,802,986) (5,769,590)
CASH FLOWS FROM INVESTING ACTIVITIES    
Net cash provided by investing activities 0 0
CASH FLOWS FROM FINANCING ACTIVITIES    
Deferred distribution payment (73,300) (23,139,157)
Net cash used in financing activities (73,300) (23,139,157)
NET CHANGE IN CASH AND CASH EQUIVALENTS (1,876,286) (28,908,747)
CASH AND CASH EQUIVALENTS at beginning of period 10,463,531 39,372,278
CASH AND CASH EQUIVALENTS at end of period $ 8,587,245 $ 10,463,531