Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2015
Mar. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 8,616,248 $ 8,624,986
Total current assets 8,616,248 8,624,986
TOTAL ASSETS 8,616,248 8,624,986
CURRENT LIABILITIES    
Accounts payable 131,246 125,165
Deferred distribution payments 8,533,566 8,537,905
Total current liabilities 8,664,812 8,663,070
SHAREHOLDERS' DEFICIT    
Preferred stock - $0.001 par value; 20,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock - $0.001 par value; 500,000,000 shares authorized; 55,787,554 and 55,787,554 shares outstanding, respectively 55,788 55,788
Additional paid in capital 89,363,319 89,363,319
Accumulated deficit (89,467,671) (89,457,191)
Total shareholders' equity (48,564) (38,084)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $ 8,616,248 $ 8,624,986