Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Dec. 31, 2016
Mar. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 13,586 $ 99,678
Restricted cash 8,533,566 8,533,566
Prepaid expenses 935 50,375
Total current assets 8,548,087 8,683,619
NON-CURRENT ASSETS    
Fixed assets, net 2,923 5,431
Total non-current assets 2,923 5,431
TOTAL ASSETS 8,551,010 8,689,050
CURRENT LIABILITIES    
Accounts payable 145,826 50,229
Accrued payroll and other liabilities 1,691 0
State taxes payable 0 100
Deferred distribution payments 8,533,566 8,533,566
Total current liabilities 8,681,083 8,583,895
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; 280,339,467 shares issued and outstanding as of December 31, 2016 and March 31, 2016, respectively 280,340 280,340
Additional paid in capital 655,448 455,448
Accumulated deficit (1,065,861) (630,633)
Total shareholders' deficit (130,073) 105,155
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $ 8,551,010 $ 8,689,050