Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY

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CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (USD $)
Common Stock
Additional Paid-In Capital
Retained Earnings
Total
Beginning Balance, Amount at Mar. 31, 2011 $ 55,788 $ 164,118,640 $ 54,438,431 $ 218,612,859
Beginning Balance, Shares at Mar. 31, 2011 55,787,554      
Shareholder distribution 0 (58,019,055) 0 (58,019,055)
Net loss for the year 0 0 (139,216,221) (139,216,221)
Ending Balance, Amount at Mar. 31, 2012 55,788 106,099,585 (84,777,790) 21,377,583
Ending Balance, Shares at Mar. 31, 2012 55,787,554      
Shareholder distribution 0 (16,736,266) 0 (16,736,266)
Net loss for the year 0 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