Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

v2.4.0.8
CONDENSED BALANCE SHEETS (USD $)
Jun. 30, 2014
Mar. 31, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 8,585,884 $ 8,587,245
Total current assets 8,585,884 8,587,245
TOTAL ASSETS 8,585,884 8,587,245
CURRENT LIABILITIES    
Accounts payable 93,517 66,177
Deferred distribution payments 8,540,365 8,540,365
Total current liabilities 8,633,882 8,606,542
SHAREHOLDERS' EQUITY    
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 (89,467,105) (89,438,404)
Total shareholders' equity (47,998) (19,297)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 8,585,884 $ 8,587,245