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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (9,809,704) $ (5,606,751)
Adjustments to reconcile net loss to net cash (used) provided by operating activities    
Depreciation and amortization 128,448 29,220
Stock compensation expense 2,455,611 [1] 3,276,600
Changes in Operating Assets and Liabilities    
Accounts receivable (4,294) (88,227)
Prepaid expenses and other assets 95,515 (32,100)
Accounts payable and accrued expenses (2,577,920) 486,394
Accounts payable - officers 1,617 (99,961)
Accrued interest expense   (332,323)
Deferred compensation   (361,610)
Deferred revenue (356,198) 7,469,037
Net cash flows (used) provided by operating activities (10,066,925) 4,740,279
CASH FLOWS FROM INVESTING ACTIVITIES    
Payment of deposit   (13,500,000)
Purchases of intangible assets (1,141,986) (76,798,384)
Purchases of equipment (4,211,917) (42,206)
Payments for patent costs (5,640) (4,069)
Net Cash used by Investing Activities (5,359,543) (90,344,659)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net proceeds from Rule 144A Offering   201,922,458
Net proceeds from follow on offering 64,792,220  
Proceeds from stock option exercise 40,001  
Payment of notes payable, net   (1,088,851)
Proceeds from Motorola investment   10,000,000
Net cash provided from financing activities 64,832,221 210,833,607
Net change in cash and cash equivalents 49,405,753 125,229,227
CASH AND CASH EQUIVALENTS    
Beginning of the period 119,873,668 45,679
End of the period $ 169,279,421 $ 125,274,906
[1] includes restricted shares issued.