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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income (Loss) $ (683,012) $ 5,220,605 $ (41,260,897)
Adjustments to reconcile net loss to cash used in operating activities:      
Depreciation and amortization 666,461 581,855 453,746
Change in fair value of derivative liabilities (7,394,006) (20,340,874) 35,389,799
Preferred share derivative interest satisfied by the issuance of common stock 0 0 68,089
Non-cash compensation accrued 573,667 679,771 95,000
Salaries and Directors Fees satisfied by the issuance of common stock 1,139,071 959,737 478,233
Consulting expenses paid via the issuance of common stock 24,000 23,999 18,836
Non-cash compensation satisfied by the issuance of common stock and options 333,363 260,047 82,947
Milestone shares issued pursuant to Epic Strategic Alliance Agreement 840,000 0 0
Non-cash interest expense 0 0 568,395
Non-cash rent expense (22,996) 23,703 (49,439)
Non-cash lease accretion 1,621 1,526 1,438
Gain on Sale of Investment 0 (1,670,685) 0
Recovery of Bad Debt (117,095) 0 0
Changes in Assets and Liabilities      
Accounts receivable 33,240 (714,355) (66,922)
Inventories (261,727) (1,099,518) (574,340)
Prepaid and other current assets 160,076 (147,188) (169,373)
Accounts payable, accrued expenses and other current liabilities (2,211,414) 1,131,477 788,445
Deferred revenues and Customer deposits 4,153,330 (13,333) (13,333)
Derivative interest payable 0 0 (27,500)
NET CASH USED IN OPERATING ACTIVITIES (2,765,421) (15,103,233) (4,216,876)
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of property and equipment (1,918,804) (1,965,018) (502,268)
Costs incurred for intellectual property assets (30,025) (31,853) (58,178)
Withdrawals from restricted cash, net 0 (123,916) 2,777
Proceeds from Sale of Investment in Novel 0 5,000,000 0
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (1,948,829) 2,879,213 (557,669)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from Exercise of Cash Warrants and Options 3,041,499 800,853 868,051
Proceeds from draws against related party Credit Lines 135,238 54,322 528,750
Payment of NJEDA Bonds (210,000) (1,110,000) 0
Other loan payments (404,131) (219,010) (1,515)
Proceeds from sale of common stock to Lincoln Park Capital 6,199,643 13,236,624 10,000,000
Costs associated with raising capital 0 (16,365) (47,987)
NET CASH PROVIDED BY FINANCING ACTIVITIES 8,762,249 12,746,424 11,347,299
NET CHANGE IN CASH AND CASH EQUIVALENTS 4,047,999 522,404 6,572,754
CASH AND CASH EQUIVALENTS - beginning of period 7,464,180 6,941,776 369,023
CASH AND CASH EQUIVALENTS - end of period 11,512,179 7,464,180 6,941,776
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid for interest 215,878 89,336 289,494
Cash paid for taxes 4,048 2,500 3,099
SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Commitment shares issued to Lincoln Park Capital 84,102 830,521 1,112,838
Conversion of Preferred Shares to Common Shares 0 2,272,500 9,825,066
Acquisition of Intellectual Property with convertible note payable 0 0 5,597,317
Issuance of note payable to related party in payment of balance due on line of credit owed to the same related party 0 0 600,000
Issuance of Series I Preferred Shares in satisfaction of amounts due on Notes Payable 0 0 7,953,591
Change in maximum redemption value of convertible preferred mezzanine equity (9,285,715) 23,709,069 55,314,374
Financing of equipment purchases $ 442,399 $ 804,861 $ 107,960