Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Mar. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 102,019 $ 402,718
Restricted cash 8,533,566 0
Employee receivables 0 1,300
Prepaid expenses 7 483
Total current assets 8,635,592 404,501
NON-CURRENT ASSETS    
Fixed assets, net 6,270 8,537
Total non-current assets 6,270 8,537
TOTAL ASSETS 8,641,862 413,038
CURRENT LIABILITIES    
Accounts payable 177,267 46,632
Accrued payroll and other liabilities 0 4,700
State taxes payable 100 100
Deferred tax liabilities, net 953 180
Deferred distribution payments 8,533,566 0
Total current liabilities 8,711,886 51,612
LONG-TERM LIABILITIES    
Long-term deferred tax liabilities 2,580 60
Total long-term liabilities 2,580 60
SHAREHOLDERS' DEFICIT    
Common stock - $0.001 par value; 500,000,000 shares authorized; 280,339,467 and 224,551,913 shares outstanding, respectively 280,340 224,552
Preferred stock - $0.001 par value; 20,000,000 shares authorized; no shares issued or outstanding 0 0
Additional paid in capital 174,924 275,448
Accumulated deficit (527,868) (138,634)
Total shareholders' deficit (72,604) 361,366
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $ 8,641,862 $ 413,038