| Summary of Significant Accounting Policies | Note 2. Summary of Significant Accounting
Policies Use of estimates The preparation of financial statements in
conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in these financial
statements and accompanying notes. Actual results could differ from those estimates. Restricted Cash Restricted cash consists of funds held for
construction consisting of an $85,000 bond for waterline infrastructure and $2,000,000 for the road and intersection infrastructure
required by Bridge in connection with Companys purchase of the 1,011 acres. The $85,000 will be released when the waterline
is completed and accepted by the Waikoloa Village Association. The $2,000,000 will used to pay the road/intersection construction
costs upon approval by the Hawaii Department of Transportation. Prepaid Expense and other assets On behalf of the Companys infrastructure
contractor, E. M. Rivera and Sons, Inc., the Company entered into a purchase agreement in the amount of $1,150,000 of equipment
debt from American Savings Bank. The amount is considered a prepayment against future contracts for infrastructure construction.
The Company secured a related short term note payable to American Savings Bank for the $1,150,000 (see Note 8 Financing
Activities). The Company prepaid interest on a loan made
from Libo Zhang on November 12, 2015 in the amount of $720,000. The prepaid interest is being amortized over 12 months, the term
of the note. Real Estate Project in Development The real estate project in development is stated
at cost. The Company capitalizes all direct costs of the project including land acquisition, planning, design, grading, infrastructure,
town home construction, landscaping, taxes, fees and direct project management. General management and administration costs are
expensed as incurred. The Company also capitalizes interest and other carrying costs used in developing properties from the date
of initiation of development activities through the date the property is substantially complete and ready for sale. During periods
of extended delays, interest capitalization may be suspended, depending on the cause and duration of the delay. Interest capitalization
was suspended from April 1, 2010 through March 31, 2015 due to delays caused by difficulties in gaining financing related to zoning
challenges by the Hawaii State Land Use Commission (LUC). During the nine months ended December 31, 2015, the Company
resumed development activities and as a result, it capitalized $2,523,408 in interest. Certain costs are allocated based on the
purchase price of individual land parcels identified in the purchase and sale agreement. Land in development includes leasehold
interests in land resulting from the transfer of Undivided Land Fractions (ULFs). The Company performs an impairment test when
events or circumstances indicate that an assets carrying amount may not be recoverable. Events or circumstances that the
Company considers indicators of impairment include significant decreases in market values and adverse changes in regulatory requirements,
including environmental laws. Impairment tests for properties under development involve the use of estimated future net undiscounted
cash flows expected to be generated from the use of property and its eventual disposition. Measurement of the impairment loss is
based on the fair value of the asset. Generally, the Company determines fair value using valuation techniques such as discounted
expected future cash flows. Land valuation and impairment of long-lived
assets The Company estimates the fair value of the
project based upon the expected net proceeds from the sales of the units and lots, giving consideration to selling costs, the absorption
period and estimated costs to complete. Proceeds from sales of Lulana Gardens and Hoolei Village developments are estimated
based upon comparable sales transactions and give consideration to affordable housing pricing limitations where applicable. The
absorption period used gives consideration to the Companys need to raise construction funding and complete development. Estimated costs to complete are derived from
estimates from the Companys contractors and consulting engineers and give consideration to current and projected labor and
materials costs. As of December 31 and March 31, 2015, the Company determined that no write down from the carrying value of the
project was required. Loan Fees Loan fees related to the Companys borrowing
activities, including commissions on the sale of ULFs, which are accounted for as borrowings, are capitalized and amortized to
interest expense over the term of the related borrowing. Contracts Payable to Land Trust In order to raise capital for the initial development
of the Villages project, the Company sold undivided land fractions to investors from 2009 through 2014. The ULF agreements require
that the Company repurchase the ULFs at a future date for a price higher than the original purchase price. Due to the repurchase
provision, the ULF sales are accounted for as debt instruments, contracts payable to land trust, and the difference between the
purchase price and the repurchase price is recognized over the period of the ULF as interest expense, using a method which materially
approximates the effective interest method. The Company has acquired the beneficial interests
associated with certain of the contracts payable to land trust and in accordance with terms of an agreement with the power of interest
of the land trust has presented the balance due net of such amounts. Outstanding shares The number of shares of common stock outstanding
was adjusted on July 31, 2015 from 9,099,544 to 9,084,056 due to an error made by the transfer agents in recording the shares issued. Income Taxes Income taxes are accounted for using an asset
and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences
of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined
based on the differences between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect
for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities
is recognized in income in the period that includes the enactment date. A valuation allowance is provided when it is more likely
than not that some portion or all of the net deferred tax assets will not be realized. The Company recognizes the tax benefit from
uncertain tax positions if it is more likely than not that the tax positions will be sustained on examination by the tax authorities,
based on the technical merits of the position. The tax benefit is measured based on the largest benefit that has a greater than
50% likelihood of being realized upon ultimate settlement . The Companys policy for deducting interest
and penalties is to treat interest as interest expense and penalties as taxes. The Company had not accrued any amounts for the
payment of interest or penalties related to any uncertain tax positions at December 31, and March 31, 2015, as its review of such
positions indicated that such potential positions were minimal. The Company is subject to the examination of its tax returns by
tax authorities beginning April 1, 2012. Concentrations and other Risks Financial instruments that potentially subject
the Company to concentration of credit risk consist of cash and restricted cash. Cash is held in financial institutions. As of
December 31, 2015, the Company had cash funds of $154,033 in financial institutions that were in excess of FDIC insurance limit.
As of March 31, 2015, the Company had $12,000,000 in an account which is not covered by FDIC insurance. Restricted cash consists
of $2,085,000 and $85,000 at December 31 and March 31, 2015, respectively. The Company conducts its operations in the
state of Hawaii, on Hawaii Island. Consequently, any significant economic downturn in the Hawaii real estate market could potentially
have an effect on the Companys business, results of operations and financial condition. The Company has entered into a fixed
price contract with a contractor under which the contractor is to construct all the Lulana Gardens units at a fixed, per unit
price. The Company has not obtained a performance bond from the contractor. Should the contractor fail to complete its contract
or should the contractor seek price increases as a result of increased material or labor costs, the Company may encounter delays
or cost increases which could negatively impact its ability to complete the construction, as well as the profitability, of the
Lulana Gardens project. The Company has entered into cost plus contracts
with a guaranteed maximum price with a contractor to complete certain phases of the infrastructure of Phase 1 of the Villages.
The Company has not obtained a performance bond from the contractor. Recently Issued Accounting Standards In April 2015, the Financial Accounting Standards
Board (FASB) issued Accounting Standards Update (ASU) 2015-03, InterestImputation of Interest
(Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs |
