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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
REVENUES      
Manufacturing Fees $ 8,002,866 $ 3,870,457 $ 2,982,400
Licensing Fees 4,495,466 1,139,789 1,536,039
Lab Fee Revenues 0 5,000 82,937
Total Revenues 12,498,332 5,015,246 4,601,376
COSTS OF REVENUES 4,484,162 3,013,592 3,236,106
Gross Profit 8,014,170 2,001,654 1,365,270
OPERATING EXPENSES      
Research and Development 12,428,783 14,727,472 3,959,316
General and Administrative 2,903,178 2,904,114 2,105,725
Non-cash compensation through issuance of stock options 333,362 260,045 82,947
Depreciation and Amortization 665,647 616,995 500,906
Total Operating Expenses 16,330,970 18,508,626 6,648,894
(LOSS) FROM OPERATIONS (8,316,800) (16,506,972) (5,283,624)
OTHER INCOME / (EXPENSES)      
Interest expense, net (280,670) (287,231) (859,328)
Change in fair value of derivative liabilities 7,394,006 20,340,874 (35,389,799)
Derivative interest expense 0 0 (40,588)
Gain on Sale of Investment 0 1,670,685 0
Other Income 0 0 19,831
Total Other Income / (Expense) 7,113,336 21,724,328 (36,269,884)
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES (1,203,464) 5,217,356 (41,553,508)
CREDIT FOR INCOME TAXES 520,452 3,249 292,611
NET INCOME (LOSS) (683,012) 5,220,605 (41,260,897)
Change in value of convertible preferred share mezzanine equity (9,285,715) 23,709,069 (55,314,374)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (9,968,727) $ 28,929,674 $ (96,575,271)
NET INCOME (LOSS) PER SHARE      
Basic $ (0.01) $ 0.05 $ (0.21)
Diluted $ (0.01) $ (0.02) $ (0.21)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING      
Basic 673,905,485 591,214,959 463,021,991
Diluted 673,905,485 757,579,152 463,021,991