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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended 166 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Revenues:      
Grant revenue $ 1,342,200 $ 2,071,000 $ 12,762,700
Collaboration revenue       2,283,600
Other       1,123,500
Total revenues 1,342,200 2,071,000 16,169,800
Operating expenses:      
Research and development 5,388,600 3,678,200 26,124,900
Acquired in-process research and development       7,523,200
General and administrative 4,997,000 4,957,700 27,118,400
Total operating expenses 10,385,600 8,635,900 60,766,500
Loss from operations (9,043,400) (6,564,900) (44,596,700)
Other expenses, net:      
Interest expense, net (1,893,200) (3,119,400) (9,441,500)
Change in put and note extension option and warrant liabilities (78,000) 203,900 418,500
Loss on early extinguishment of debt (1,193,500)    (1,193,500)
Other income 200 (200) 47,500
Loss before income taxes (12,207,900) (9,480,600) (54,765,700)
Income taxes (1,600) (1,600) (16,800)
Net loss $ (12,209,500) $ (9,482,200) $ (54,782,500)
Basic and diluted net loss per common share $ (0.83) $ (1.81)  
Weighted average shares used in computing basic and diluted net loss per common share 14,736,651 5,241,110