XML 86 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF STOCKHOLDER'S DEFICIT (USD $)
Series A Preferred
Common Stock
Additional Paid-In Capital
Treasury Stock
Notes Receivable from Sale of Stock
Deficit Accumulated During the Development Stage
Total
Beginning Balance, Amount at May. 26, 1998                     
Beginning Balance, Shares at May. 26, 1998                
Fair value of common stock issued for services, Amount   400 359,400          359,800
Fair value of common stock issued for services, Shares   403,375          
Effect of the Merger, Amount    1,600 (1,600)            
Effect of the Merger, Shares   1,569,000          
Sale of common stock for cash, Amount   1,200 24,900          26,100
Sale of common stock for cash, Shares   1,211,086          
Fair value of warrants issued for services      481,700          481,700
Common stock issued upon exercise of options from 1999 Stock Incentive Plan, Amount   400 314,900    (149,800)    165,500
Common stock issued upon exercise of options from 1999 Stock Incentive Plan, Shares   4,110,863          
Share-based compensation expense       2,763,000          2,763,000
Forgiveness of accrued compensation and accrued interest payable to officers       799,900          799,900
Proceeds allocated to warrants issued in connection with Platinum Notes       1,059,100          1,059,100
Accrued interest on notes receivable             (34,300)    (34,300)
Effect of reverse stock split    (6)               
Cumulative effect of adopting new accounting standard       (293,700)       142,300 (151,400)
Common stock issued for cancellation of accounts payable and accrued interest, Amount    1,600 2,468,600          2,470,200
Common stock issued for cancellation of accounts payable and accrued interest, Shares   1,646,792          
Incremental fair value of note conversion options from debt modification       1,891,200          1,891,200
Net Loss                (42,715,300) (42,715,300)
Ending Balance, Amount at Mar. 31, 2011    5,200 9,867,400    (184,100) (42,573,000) (32,884,500)
Ending Balance, Shares at Mar. 31, 2011    5,241,110          
Fair value of warrants issued for services       564,500          564,500
Share-based compensation expense       1,591,300          1,591,300
Accrued interest on notes receivable             (1,000)    (1,000)
Reclassification of warrant liability to equity       424,100          424,100
Incremental value of Platinum note modification       1,070,600          1,070,600
Incremental value of Morrison Foerster warrant modification       58,700          58,700
Stock issued in May 2011 Private Placement, net of $202,000 placement fees, Amount    2,200 3,674,000    (500,000)    3,176,200
Stock issued in May 2011 Private Placement, net of $202,000 placement fees, Shares   2,216,106          
Payments on note receivable for sale of stock             250,000    250,000
Stock issued upon conversion of convertible promissory notes, Amount    3,500 6,171,300          6,174,800
Stock issued upon conversion of convertible promissory notes, Shares    3,528,290          
Stock issued upon conversion of all series of preferred stock, Amount    2,900 14,531,900          14,534,800
Stock issued upon conversion of all series of preferred stock, Shares    2,884,655          
Fair value of stock issued for services prior to the Merger, Amount    1,400 2,224,100          2,225,500
Fair value of stock issued for services prior to the Merger, Shares    1,371,743          
Forgiveness of notes at the Merger, Amount             185,100    185,100
Stock issued upon exercise of modified warrants (includes Platinum exercises), Amount    3,100 3,426,200          3,429,300
Stock issued upon exercise of modified warrants (includes Platinum exercises), Shares    3,121,259          
Incremental value of warrant modifications (including modification of Platinum warrants)       1,028,900          1,028,900
Fair value of bonus warrants under Discounted Warrant Exercise Program       138,100          138,100
Stock issued in Fall 2011 Follow-on Offering, Amount    100 111,200          111,300
Stock issued in Fall 2011 Follow-on Offering, Shares    63,570          
Stock issued upon exercise of options from 1999 Stock Incentive Plan, Amount    100 102,100          102,200
Stock issued upon exercise of options from 1999 Stock Incentive Plan, Shares    113,979          
Fair value of stock issued for services following the Merger, Amount    200 451,800          452,000
Fair value of stock issued for services following the Merger, Shares    155,555          
Proceeds allocated to warrants issued and beneficial conversion feature in connection with 12% convertible notes       461,700          461,700
Stock issued in connection with note term extension, Amount       22,400          22,400
Stock issued in connection with note term extension, Shares    8,000          
Stock issued upon conversion of Platinum Note to equity (net of Platinum warrant exercise reflected above), Amount 200    3,387,700          3,387,900
Stock issued upon conversion of Platinum Note to equity (net of Platinum warrant exercise reflected above), Shares 231,090             
Common stock exchanged for Series A Preferred under agreements with Platinum: Common Stock Exchange Agreement, Amount       750,600 (750,600)         
Common stock exchanged for Series A Preferred under agreements with Platinum: Common Stock Exchange Agreement, Shares 45,980             
Common stock exchanged for Series A Preferred under agreements with Platinum: Note and Warrant Exchange Agreement, Amount 200    2,480,900 (2,481,100)         
Common stock exchanged for Series A Preferred under agreements with Platinum: Note and Warrant Exchange Agreement, Shares 159,985             
Net Loss                (12,209,500) (12,209,500)
Ending Balance, Amount at Mar. 31, 2012 400 18,700 52,539,500 (3,231,700) (250,000) (54,782,500) (5,705,600)
Ending Balance, Shares at Mar. 31, 2012 437,055 18,704,267          
Fair value of common stock issued for services, Amount    400 339,600          340,000
Fair value of common stock issued for services, Shares    400,000          
Fair value of warrants issued for services       106,200          106,200
Common stock issued upon exercise of options from 1999 Stock Incentive Plan, Amount    500 274,000          274,500
Common stock issued upon exercise of options from 1999 Stock Incentive Plan, Shares    549,056          
Share-based compensation expense       1,241,300          1,241,300
Incremental fair value of note conversion options from debt modification       440,700          440,700
Incremental value of Morrison Foerster warrant modification       998,500          998,500
Payments on note receivable for sale of stock             66,900    66,900
Common stock exchanged for Series A Preferred under agreements with Platinum: Common Stock Exchange Agreement, Amount 100    736,300 (736,400)         
Common stock exchanged for Series A Preferred under agreements with Platinum: Common Stock Exchange Agreement, Shares 62,945            
Fair value of warrants issued upon exercise of modified warrants       35,900          35,900
Fair value of shares issued in settlement of accounts payable, amount    100 103,100          103,200
Fair value of shares issued in settlement of accounts payable, shares    103,235          
Modification of note receivable from sale of stock             (26,000)    (26,000)
Fair value of warrant issued to Cato Holding Company in connection with note payable restructure       120,500          120,500
Fair value of warrant issued to Cato Holding Company in connection with accounts payable restructure       486,200          486,200
Fair value of warrant issued to University Health Network in connection with accounts payable restructure       998,500          998,500
Fair value of warrants issued to Morrison & Foerster, Cato Reearch Ltd. and University Health Network in connection with accrued interest on underlying notes       49,400          49,400
Sale of Units in Winter 2012 Private Placement, net, Amount    2,400 1,246,600          1,249,000
Sale of Units in Winter 2012 Private Placement, net, Shares    2,366,330          
Exchange of February 2012 convertible notes, Amount    1,400 1,214,200          1,215,600
Exchange of February 2012 convertible notes, Shares    1,357,281          
Fair value of warrants issued to banker in connection with exchange of February 2012 convertible notes       28,200          28,200
Premium of fair value over face value of Exchange Note issued to Platinum       1,083,200          1,083,200
Fair value of Series A Exchange Warrant issuable to Platinum recorded as a Warrant Liability       (3,068,200)          (3,068,200)
Proceeds allocated to beneficial conversion feature of Investment Notes issued to Platinum in October 2012, February 2013 and March 2013       958,500          958,500
Incremental fair value of warrant modifications in Feburary 2013       67,500          67,500
Net Loss                (12,886,700) (12,886,700)
Ending Balance, Amount at Mar. 31, 2013 500 23,500 59,266,000 (3,968,100) (209,100) (67,669,200) (12,556,400)
Ending Balance, Shares at Mar. 31, 2013 500,000 23,480,169          
Sale of common stock for cash, Amount    700 335,200          335,900
Sale of common stock for cash, Shares    655,106          
Beneficial conversion feature on note       100,700          100,700
Share-based compensation expense       1,137,300          1,137,300
Payments on note receivable for sale of stock             11,000    11,000
Allocated proceeds from Sale of Units, amount       36,000          36,000
Allocated proceeds from Sale of Units, shares    50,000          
Incremental value of warrant modifications (including modification of Platinum warrants)       204,300          204,300
Fair value of warrants issued to Morrison & Foerster, Cato Reearch Ltd. and University Health Network in connection with accrued interest on underlying notes       60,800          60,800
Net Loss                (2,967,700) (2,967,700)
Ending Balance, Amount at Mar. 31, 2014 $ 500 $ 26,200 $ 61,976,500 $ (3,968,100) $ (198,100) $ (70,636,900) $ (12,799,900)
Ending Balance, Shares at Mar. 31, 2014 500,000 26,200,185