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CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
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3 Months Ended | 9 Months Ended | ||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2014
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Dec. 31, 2013
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| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Net income (loss) | $ 41,657us-gaap_NetIncomeLoss | $ (389,520)us-gaap_NetIncomeLoss | $ (1,252)us-gaap_NetIncomeLoss | $ (1,536,733)us-gaap_NetIncomeLoss |
| Adjustments to reconcile net income to net cash used in operating activities: | ||||
| Depreciation and amortization | 0us-gaap_DepreciationAndAmortization | 86,946us-gaap_DepreciationAndAmortization | ||
| Changes in operating assets and liabilities: | ||||
| Increase/(decrease) in accounts payable | 55,445us-gaap_IncreaseDecreaseInAccountsPayable | (319,740)us-gaap_IncreaseDecreaseInAccountsPayable | ||
| Decrease in taxes payables and accrued liabilities | 0us-gaap_IncreaseDecreaseInAccruedLiabilities | (22,568)us-gaap_IncreaseDecreaseInAccruedLiabilities | ||
| Net cash provided by (used in) operating activities | 54,193us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | (1,792,095)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||
| Net cash provided by investing activities | 0us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | 0us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||
| Deferred distribution payment | (2,460)us-gaap_PaymentsOfCapitalDistribution | (6,300)us-gaap_PaymentsOfCapitalDistribution | ||
| Net cash used in financing activities | (2,460)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (6,300)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | ||
| NET CHANGE IN CASH AND CASH EQUIVALENTS | 51,733us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (1,798,395)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | ||
| CASH AND CASH EQUIVALENTS at beginning of period | 8,587,245us-gaap_CashAndCashEquivalentsAtCarryingValue | 10,463,531us-gaap_CashAndCashEquivalentsAtCarryingValue | ||
| CASH AND CASH EQUIVALENTS at end of period | $ 8,638,978us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 8,665,136us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 8,638,978us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 8,665,136us-gaap_CashAndCashEquivalentsAtCarryingValue |
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cash outflow to owners or shareholders, excluding ordinary dividends. Includes special dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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