|
The Company had the following significant commitments
and contingencies as of March 31, 2017:
| |
|
Payments Due By Period |
| Contractual obligations |
|
Total |
|
Less than 1 year |
|
2-3 years |
|
4-5 years |
|
After 5 years |
| Deferred distribution payable(1)(2) |
|
$ |
8,533,566 |
|
|
$ |
8,533,566 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
| Office lease(3) |
|
|
7,187 |
|
|
|
7,187 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| TOTAL |
|
$ |
8,540,753 |
|
|
$ |
8,540,753 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
| (1) |
See Note
4 – Shareholders’ Equity for additional information regarding the initial cash distribution payable and
the second cash distribution payable. |
| (2) |
This distribution
is 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. |
As of March 31, 2017 and March 31, 2016, the
Company did not have any known contingencies.
|