FAIR VALUE (Tables)

9 Months Ended

Dec. 31, 2015

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]

The carrying amount and estimated fair values of the Company’s financial instruments summarized by level are as follows:

	December 31, 2015				March 31, 2015
	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
ASSETS
Level 1 inputs
Cash and cash equivalents	$	20,942,400	$	20,942,400	$	38,338,935	$	38,338,935
Level 3 inputs
Loans receivable, net	797,216,764		797,216,764		742,304,690		742,304,690
LIABILITIES
Level 3 inputs
Senior notes payable	511,935,000		511,935,000		501,150,000		501,150,000