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Related party transactions (Tables)
9 Months Ended
Dec. 31, 2014
Related party transactions (Tables)  
Related parties with whom the Company had transactions

Related parties with whom the Company had transactions are:

 

Related Parties

 

Relationship

 

 

 

George Blankenbaker

 

President and significant stockholder of the Company

 

 

 

Leverage Investments, LLC

 

An entity owned and controlled by the president and significant stockholder of the Company

 

 

 

Technew Technology Limited

 

Non-controlling interest holder

 

 

 

Growers  Synergy Pte Ltd.

 

An entity owned and controlled by the president and significant stockholder of the Company

 

 

 

Guangzhou Health Technology Development Company Limited

 

An entity owned and controlled by Non-controlling interest holder

 

Farm management services

 

Farm management services provided by Growers Synergy Pte Ltd. were as follows:

 

 

 

For the reporting

period ended

December 31, 2014

 

 

For the reporting

period ended

December 31, 2013

 

 

 

 

 

 

 

 

 

 

Farm management services – related parties

 

$

180,000

 

 

$

180,000

 

 

 

 

 

 

 

 

 

 

 

 

$

180,000

 

 

$

180,000

 

 

Schedule of Future Minimum Lease Payments for Capital Leases

Future minimum payments required under this agreement were as follows:

 

Fiscal Year Ending March 31:

 

 

 

 

 

 

 

 

 

2015 (remainder of the fiscal year)

 

$

60,000

 

 

 

 

 

 

2016

 

 

240,000

 

 

 

 

 

 

2017

 

 

140,000

 

 

 

 

 

 

 

$

460,000