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FAIR VALUE (Tables)
3 Months Ended
Jun. 30, 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:

 
June 30, 2015
 
March 31, 2015
 
Carrying Value
 
Estimated Fair Value
 
Carrying Value
 
Estimated Fair Value
ASSETS
 
 
 
 
 
 
 
Level 1 inputs
 
 
 
 
 
 
 
Cash and cash equivalents
$
17,210,770

 
$
17,210,770

 
$
38,338,935

 
$
38,338,935

Level 3 inputs
 
 
 
 
 
 
 
Loans receivable, net
764,538,704

 
764,538,704

 
742,304,690

 
742,304,690

LIABILITIES
 
 
 
 
 
 
 
Level 3 inputs
 
 
 
 
 
 
 
Senior notes payable
488,950,000

 
488,950,000

 
501,150,000

 
501,150,000