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7. SHAREHOLDER'S EQUITY
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12 Months Ended |
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Mar. 31, 2013
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| Notes to Financial Statements | |
| SHAREHOLDER'S EQUITY |
Shareholder distributions
On October 24, 2011 the Company made an initial cash distribution of $1.04 per share to common stockholders of record on October 10, 2011. The total amount calculated for the first distribution to common stockholders was $58,019,055.
On October 30, 2012 the Company declared and made a second cash distribution of $0.30 per share to common stockholder of record on October 15, 2012. The total amount calculated for the second distribution to common stockholders was $16,736,266.
As of March 31, 2013, the amount paid from the first distribution was $51,346,433 with $6,672,622 payable, and the amount paid from the second distribution was $14,795,223 with $1,941,043 payable. These payables have been accrued and included in deferred consulting and distribution payments on the balance sheet.
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- Details
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- Definition
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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