Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net loss $ (578,139) $ (491,999)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation expense 3,330 3,305
Deferred tax liabilities 0 (240)
Changes in operating assets and liabilities:    
Employee receivables (25) 1,300
Prepaid expenses 49,950 (49,892)
Accounts payable 155,452 3,597
Accrued payroll and other liabilities 291 (4,700)
State tax payable 0 0
Net cash used in operating activities (369,141) (538,629)
Cash flows from investing activities    
Purchase of fixed assets 0 (199)
Cash resulting from acquisition of BMB Munai, Inc. 0 8,589,354
Net cash provided by investing activities 0 8,589,155
CASH FLOWS FROM FINANCING ACTIVITIES    
Capital contributions 320,000 180,000
Net cash provided by financing activities 320,000 180,000
NET CHANGE IN CASH AND CASH EQUIVALENTS (49,141) 8,230,526
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 8,633,244 402,718
CASH AND CASH EQUIVALENTS, END OF PERIOD 8,584,103 8,633,244
Supplemental disclosure of Cash Flows for:    
Cash paid for interest 0 0
Cash paid for income taxes 0 0
Non-cash Investing and Financing:    
Assumption of liabilities in connection with acquisition of BMB Munai, Inc. $ 0 $ 8,573,368