FAIR VALUE MEASUREMENT

3 Months Ended

Jun. 30, 2012

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT

4.FAIR VALUE MEASUREMENT

The Company maintains all of its cash on deposit at financial institutions. As such, there were no cash equivalents on the Company’s balance sheets as of June 30, 2012 or March 31, 2012 and no other financial assets or liabilities requiring fair value measurement on a recurring basis. There were no nonfinancial assets or liabilities that required recognition or disclosure at fair value on a nonrecurring basis in the Company’s balance sheets as of June 30, 2012 or March 31, 2012.