(3) Long-Term Investment

6 Months Ended

Sep. 30, 2013

Long-term Investments [Abstract]

Long-Term Investment

(3) Long-Term Investment

On April 10, 2013, the Company entered into a stock purchase agreement with Moving Off Campus, doing business as Bonfyre (“Bonfyre”) to purchase a 2.0% interest in Bonfyre for $150,000. The investment in Bonfyre is accounted for using the cost method of accounting because the Company does not have the ability to exercise significant influence over Bonfyre. Accordingly, the investment is adjusted only for other-than-temporary declines in fair value, certain distributions and additional investments. Since the date of the initial investment the Company has provided $30,000 worth of services that in accordance with the stock purchase agreement constitutes additional investments. The carrying amount of the investment at September 30, 2013 was $180,000, representing a 2.3% interest in Bonfyre. Management determined that there was no impairment of value at September 30, 2013.