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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended 184 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Cash flows from operating activities:      
Net loss $ (2,967,700) $ (12,886,700) $ (70,636,900)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 54,600 33,800 832,100
Amortization of discounts on convertible and promissory notes 640,000 254,800 5,315,500
Change in warrant and put and note term extension option liabilities (3,566,900) 1,635,800 (2,349,700)
Stock-based compensation 1,137,300 1,241,300 6,732,900
Expense related to modification of warrants 204,300 508,200 1,454,200
Non-cash rent and relocation expense 56,800    56,800
Interest income on note receivable for stock purchase (1,200) (27,600) (28,800)
Fair value of common stock granted for services following the Merger    340,000 852,700
Fair value of warrants granted for services and interest following the Merger 60,700 183,800 748,300
Gain on currency fluctuation (48,600) (53,000) (101,600)
Fair value of additional warrants granted pursuant to exercises of modified warrants    35,900 174,000
Loss on settlements of accounts payable    78,300 78,300
Acquired in-process research and development       7,523,200
Loss on early extinguishment of debt    3,567,800 4,761,300
Fair value of Series C preferred stock, common stock, and warrants granted for services prior to the Merger       3,150,900
Fair value of common stock issued for note term modification       22,400
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   
Prepaid expenses and other current assets 92,700 46,200 134,400
Security deposits and other assets (17,900)    (46,900)
Accounts payable and accrued expenses, including accrued interest 2,229,900 1,485,200 18,201,400
Deferred revenues    (13,200)   
Net cash used in operating activities (2,126,000) (3,463,200) (23,097,700)
Cash flows from investing activities:      
Purchases of equipment, net (9,600) (135,400) (825,800)
Net cash used in investing activities (9,600) (135,400) (825,800)
Cash flows from financing activities:      
Net proceeds from issuance of common stock and warrants, including Units 1,075,500 1,185,100 5,060,600
Proceeds from exercise of modified warrants 264,200 262,100 1,692,600
Proceeds from issuance of Platinum notes and warrants 250,000 3,222,100 7,172,100
Advance from officer 64,000    64,000
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 preferred stock and warrants       4,198,600
Net proceeds from issuance of notes and warrants from 2006 to 2010       4,851,800
Net proceeds from issuance of February 2012 12% convertible notes and warrants       466,500
Repayment of capital lease obligations (7,600) (16,900) (125,000)
Repayment of notes (148,600) (496,700) (1,977,700)
Net cash provided by financing activities 1,497,500 4,155,700 23,923,500
Net (decrease) increase in cash and cash equivalents (638,100) 557,100   
Cash and cash equivalents at beginning of period 638,100 81,000   
Cash and cash equivalents at end of period    638,100   
Supplemental disclosure of cash flow activities:      
Cash paid for interest 21,000 225,900 686,600
Cash paid for income taxes 2,700 3,700 23,200
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 of $408,600 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 of $3,800 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 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       139,700
Recognition of put option and note term extension option liabilities upon issuance of Original 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
Note discount upon issuance of February 2012 12% convertible notes       495,200
Conversion of 2006/2007 and 2008/2010 Notes into Units, including accrued interest of $1,365,600       6,174,800
Conversion of all series of pre-Merger preferred stock into Units       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
Conversion of 7% note payable and accrued interest of $11,500 into common stock and warrants       19,500
Conversion of accounts payable to Morrison & Foerster, McCarthy Tetrault and Desjardins into notes payable       1,603,400
Accounts payable and cancellation premium converted into 2011 Private Placement Units       169,000
Accrued interest on Cato Holding Company note converted to note payable       90,800
Accounts payable settled in December 2011 and May/June 2012 warrant exercises    12,500 280,100
Insurance premiums settled by issuing note payable 98,300 110,100 296,900
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 and July 2013 Convertible Note 146,800 1,690,000 1,836,800
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