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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended 178 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Cash flows from operating activities:      
Net loss $ (12,886,700) $ (12,209,500) $ (67,669,200)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 33,800 45,600 777,500
Acquired in-process research and development       7,523,200
Amortization of imputed discount on non-interest bearing notes       45,000
Amortization of discounts on 7%, 7.5% and 10% notes 214,500 57,200 473,700
Amortization of discounts on Platinum notes 13,400 909,000 3,562,100
Amortization of discounts on August 2010 short-term notes    14,300 572,000
Amortization of discounts on February 2012 12% convertible notes 26,900 (4,200) 22,700
Loss on early extinguishment of debt 3,567,800 1,193,500 4,761,300
Loss on settlements of accounts payable 78,300   78,300
Change in warrant and put and note term extension option liabilities 1,635,800 77,900 1,217,200
Stock-based compensation 1,241,300 1,591,300 5,595,600
Expense related to modification of warrants 508,200 741,700 1,249,900
Fair value of Series C preferred stock, common stock, and warrants granted for services prior to the Merger    131,200 1,056,600
Fair value of common stock granted for services prior to the Merger    2,225,500 2,225,500
Fair value of common stock granted for services following the Merger 340,000 452,000 792,000
Fair value of warrants granted for services following the Merger 183,800 564,500 748,300
Fair value of additional warrants granted pursuant to exercises of modified warrants (fiscal year 2013) and under Discounted Warrant Exercise Program (fiscal year 2012) 35,900 138,100 174,000
Fair value of common stock issued for note term modification    22,400 22,400
Interest income on note receivable for stock purchase (27,600)    (27,600)
Consulting services by related parties settled by issuing promissory notes       44,600
Gain on sale of assets       (16,800)
Changes in operating assets and liabilities:      
Unbilled contract payments receivable 106,200 (64,000)   
Prepaid expenses and other current assets 46,200 (1,900) 41,700
Security deposits and other assets    2,100 (29,000)
Accounts payable and accrued expenses 1,432,200 744,300 15,918,500
Deferred revenues (13,200) (65,600)   
Net cash used in operating activities (3,463,200) (3,565,800) (20,971,700)
Cash flows from investing activities:      
Purchases of equipment, net 135,400 32,400 816,200
Net cash used in investing activities (135,400) (32,400) (816,200)
Cash flows from financing activities:      
Net proceeds from issuance of common stock and warrants, including units 1,185,100 2,679,200 3,985,100
Net proceeds from issuance of preferred stock and warrants       4,198,600
Proceeds from exercise of modified warrants (fiscal 2013) and under Discounted Warrant Exercise Program (fiscal 2012) 262,100 1,166,300 1,428,400
Proceeds from issuance of notes under line of credit       200,000
Proceeds from issuance of 7% note payable to founding stockholder       90,000
Net proceeds from issuance of 7% convertible notes       575,000
Net proceeds from issuance of 10% convertible notes and warrants       1,655,000
Net proceeds from issuance of Platinum notes and warrants 3,222,100    6,922,100
Net proceeds from issuance of 2008/2010 notes and warrants       2,971,800
Net proceeds from issuance of 2006/2007 notes and warrants       1,025,000
Proceeds from issuance of 7% notes payable       55,000
Net proceeds from issuance of August 2010 short-term notes and warrants       800,000
Net proceeds from issuance of February 2012 12% convertible notes and warrants    466,500 466,500
Repayment of capital lease obligations (16,900) (14,500) (117,400)
Repayment of notes (496,700) (757,600) (1,829,100)
Net cash provided by financing activities 4,155,700 3,539,900 22,426,000
Net increase in cash and cash equivalents 557,100 (58,300) 638,100
Cash and cash equivalents at beginning of period 81,000 139,300   
Cash and cash equivalents at end of period 638,100 81,000 638,100
Supplemental disclosure of cash flow activities:      
Cash paid for interest 225,900 265,400 665,600
Cash paid for income taxes 3,681 1,600 20,481
Supplemental disclosure of noncash activities:      
Forgiveness of accrued compensation and accrued interest payable to officers transferred to equity       800,000
Exercise of warrants and options in exchange for debt cancellation       112,800
Settlement of accrued and prepaid interest by issuance of Series C Preferred Stock       35,300
Conversion of 10% notes payable, net of discount, and related accrued interest into Series C Preferred stock       2,050,300
Issuance of Series B-1 Preferred stock for acquired in-process research and development       7,523,200
Conversion of 7% notes payable, net of discount, and related accrued interest into Series B Preferred stock       508,000
Conversion of accounts payable into convertible promissory notes       893,700
Conversion of accounts payable into note payable 1,558,500    4,368,800
Conversion of accounts payable into common stock 103,200 275,400 1,927,300
Conversion of accrued interest on convertible promissory notes into common stock       921,400
Notes receivable from sale of common stock to related parties upon exercise of options and warrants       149,800
Capital lease obligations    19,000 139,700
Recognition of put option and note term extension option liabilities upon issuance of Platinum Notes       141,200
Incremental fair value of put option and note term extension option liabilities from debt modifications       479,400
Incremental fair value of note conversion option from debt modification       1,891,200
Incremental fair value of warrant from debt modifications       276,700
Recognition of warrant liability upon adoption of new accounting standard       151,300
Fair value of warrants issued with August 2010 short term notes       130,900
Note Discount upon issuance of August 2010 short-term notes       320,000
Fair value of warrants issued with February 2012 12% convertible notes    542,000 542,000
Note Discount upon issuance of February 2012 12% convertible notes    495,200 495,200
Conversion of 2006/2007 and 2008/2010 Notes into Units, including accrued interest of $1,365,600    6,174,800 6,174,800
Conversion of all series of pre-Merger preferred stock into Units    14,534,800 14,534,800
Conversion of 2011 Platinum Note into Series A Preferred stock, including accrued interest of $611,100 and conversion premium    5,763,900 5,763,900
Conversion of 7% note payable and accrued interest of $11,500 into common stock and warrants    19,500 19,500
Conversion of accounts payable to Morrison & Foerster, McCarthy Tetrault and Desjardins into notes payable    1,603,400 1,603,400
Accounts payable and cancellation premium converted into 2011 Private Placement Units    169,000 169,000
Accrued interest on Cato Holding Company note converted to note payable    90,800 90,800
Accounts payable settled in December 2011 and May/June 2012 warrant exercises 12,500 267,600 280,100
Insurance premiums settled by issuing note payable 110,100 88,500 198,600
Conversion of accrued interest and fees on February 2012 Notes into 2012 Private Placement Units 92,900    92,900
Accrued interest on July and August 2012 Notes to Platinum converted into Exchange Note 22,600    22,600
Accounts payable settled by issuance of stock or notes payable and stock 104,900    104,900
Accounts payable converted into 2012 Private Placement Units 50,000    50,000
Recognition of warrant liability upon issuance to Platinum of October 2012 Exchange Note and October 2012, February 2013 and March 2013 Investment Notes 1,690,000    1,690,000
Recognition of warrant liability for potential issuance to Platinum of Series A Exchange Warrant under the terms of the October 2012 Agreement $ 3,068,200    $ 3,068,200