Annual report pursuant to Section 13 and 15(d)

8. COMMITMENTS AND CONTINGENT LIABILITIES (Details)

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8. COMMITMENTS AND CONTINGENT LIABILITIES (Details)
Mar. 31, 2016
USD ($)
Total $ 8,569,500
Less than 1 year 8,562,313
2 - 3 years 7,187
4 - 5 years 0
After 5 years 0
Initial Cash Distribution Payable  
Total 6,620,623 [1]
Less than 1 year 6,620,623 [1]
2 - 3 years 0 [1]
4 - 5 years 0 [1]
After 5 years 0 [1]
Second Cash Distribution Payable  
Total 1,912,943 [2]
Less than 1 year 1,912,943 [2]
2 - 3 years 0 [2]
4 - 5 years 0 [2]
After 5 years 0 [2]
Office Lease  
Total 35,934 [3]
Less than 1 year 28,747 [3]
2 - 3 years 7,187 [3]
4 - 5 years 0 [3]
After 5 years $ 0 [3]
[1] See Note 4 - Shareholders' Equity for additional information regarding the initial cash distribution payable and the second cash distribution payable.
[2] These distributions are currently payable, subject to the entitled shareholder completing and submitting to the Company the necessary documentation to claim his, her or its distribution payments. The Company has no control over when, or if, an entitled shareholder will submit the necessary documentation to claim his, her, or its distribution payment.
[3] FFIN entered into a lease agreement on January 1, 2015 for office space that expires in June 2017.