XML 1063 R51.htm IDEA: XBRL DOCUMENT v3.5.0.1
COMMON STOCK (Tables)
12 Months Ended
Mar. 31, 2016
Stockholders' Equity Note [Abstract]  
Schedule of Common Stock Outstanding Roll Forward [Table Text Block]
During Fiscal Years 2016, 2015 and 2014 the Company issued a total of 80,386,651, 70,918,271 and 185,748,471 shares of Common Stock, respectively, with such issuances of Common Stock being summarized as follows:
   
 
 
Fiscal Year
 
Fiscal Year
 
Fiscal Year
 
Description
 
2016
 
2015
 
2014
 
 
 
 
 
 
 
 
 
 
 
 
Common shares sold pursuant to the Lincoln Park Capital Purchase Agreements, with net proceeds of such shares totaling $6,199,643, $13,236,624 and $10,000,000 in Fiscal 2016, Fiscal 2015, and Fiscal 2014, respectively.
 
 
23,945,346
 
 
47,172,240
 
 
65,143,216
 
 
 
 
 
 
 
 
 
 
 
 
Common shares issued as commitment shares pursuant to the Lincoln Park Capital Purchase Agreements
 
 
298,923
 
 
2,566,861
 
 
5,858,230
 
 
 
 
 
 
 
 
 
 
 
 
Common Shares issued in lieu of cash payment in payment of preferred share derivative interest expenses totaling zero, zero and $68,089 for Fiscal 2016, Fiscal 2015 and Fiscal 2014, respectively
 
 
---
 
 
---
 
 
878,543
 
 
 
 
 
 
 
 
 
 
 
 
Common Shares issued pursuant to the conversion of Series B, Series C, Series E and Series I Convertible Preferred Share derivatives, with such derivative liabilities totaling zero, $2,272,500, and 9,825,066 for Fiscal 2016, Fiscal 2015 and Fiscal 2014, respectively, at the time of their conversion.
 
 
---
 
 
6,060,000
 
 
91,796,043
 
 
 
 
 
 
 
 
 
 
 
 
Common Shares issued in payment of Director’s fees totaling $100,071, $110,000 and $110,000 for Fiscal 2016, Fiscal 2015 and Fiscal 2014, respectively
 
 
408,892
 
 
321,611
 
 
1,210,583
 
 
 
 
 
 
 
 
 
 
 
 
Common shares issued in payment of employee salaries totaling $1,039,000, $849,737 and $368,233 for Fiscal 2016, Fiscal 2015 and Fiscal 2014, respectively.
 
 
4,236,555
 
 
2,518,668
 
 
3,439,467
 
 
 
 
 
 
 
 
 
 
 
 
Common shares issued in payment of consulting expenses totaling $24,000, $23,999 and $18,836 for Fiscal 2016, Fiscal 2015 and Fiscal 2014, respectively
 
 
97,467
 
 
70,169
 
 
210,018
 
 
 
 
 
 
 
 
 
 
 
 
Common shares issued pursuant to warrants exercised
 
 
48,283,968
 
 
11,985,388
 
 
16,904,038
 
 
 
 
 
 
 
 
 
 
 
 
Common shares issued pursuant to options exercised
 
 
112,500
 
 
223,334
 
 
308,333
 
Milestone shares issued pursuant to EPIC Strategic Alliance Agreement totaling $840,000, zero and zero for Fiscal 2016, Fiscal 2015 and Fiscal 2014, respectively
 
 
3,000,000
 
 
---
 
 
---
 
 
 
 
 
 
 
 
 
 
 
 
Total Common Shares issued during Fiscal 2016, Fiscal 2015 and Fiscal 2014
 
 
80,383,651
 
 
70,918,271
 
 
185,748,471
 
 
 
 
 
 
 
 
 
 
 
 
Common Shares issued at March 31,
 
 
711,544,352
 
 
631,160,701
 
 
560,242,430