Accrued Expenses

3 Months Ended

Jun. 30, 2012

Notes to Financial Statements

NOTE 6 - Accrued Expenses

Accrued expenses consist of the following:

	June 30,		March 31,
	2012		2012
Accrued professional services	$	109,500	$	107,400
Accrued research and development expenses		150,400		237,500
Accrued vacation pay and other compensation		247,500		229,900
Accrued placement agent fees		50,000		50,000
Accrued registration rights payments		5,500		—
All other		67,300		32,500
	$	630,200	$	657,300