Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS

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BALANCE SHEETS - USD ($)
Mar. 31, 2015
Mar. 31, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 8,624,986 $ 8,587,245
Total current assets 8,624,986 8,587,245
LONG TERM ASSETS    
TOTAL ASSETS 8,624,986 8,587,245
CURRENT LIABILITIES    
Accounts payable 125,165 66,177
Deferred distribution payments 8,537,905 8,540,365
Total current liabilities 8,663,070 8,606,542
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 (89,457,191) (89,438,404)
Total shareholders' deficit (38,084) (19,297)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $ 8,624,986 $ 8,587,245