Annual report pursuant to Section 13 and 15(d)

8. COMMITMENTS AND CONTINGENT LIABILITIES (Tables)

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8. COMMITMENTS AND CONTINGENT LIABILITIES (Tables)
 12 Months Ended
Mar. 31, 2017
Commitments And Contingent Liabilities Tables  
Commitments and contingencies
    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.