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CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT - USD ($)
Series A Preferred
Common Stock
Additional Paid-In Capital
Treasury Stock
Note Receivable from Sale of Stock
Deficit Accumulated During the Development Stage
Total
Beginning Balance, Amount at Mar. 31, 2013 $ 500 $ 1,200 $ 59,288,300 $ (3,968,100) $ (209,100) $ (67,669,200) $ (12,556,400)
Beginning Balance, Shares at Mar. 31, 2013 500,000 1,174,092          
Share-based compensation expense     $ 1,137,300       $ 1,137,300
Proceeds from sale of common stock for cash, including exercises of warrants under Discount Warrant Exercise Program, Amount     335,900       335,900
Proceeds from sale of common stock for cash, including exercisesof warrants under Discount Warrant Exercise Program, Shares   32,751          
Beneficial conversion feature on note issued to Platinum in July 2013     $ 100,700       $ 100,700
Payments on and settlement of note receivable for sale of stock         $ 11,000   11,000
Allocated proceeds from sale of Units for cash under 2013 Unit Private Placement, including beneficial conversion feature   $ 100 $ 838,100       838,200
Allocated proceeds from sale of Units for cash under 2013 Unit Private Placement, including beneficial conversion feature, Shares   100,750          
Allocated proceeds from sale of Units for cash under 2014 Unit Private Placement, including beneficial conversion feature     36,000       36,000
Allocated proceeds from sale of Units for cash under 2014 Unit Private Placement, including beneficial conversion feature, Shares   2,500          
Incremental fair value of warrant modifications     204,300       204,300
Fair value of warrants issued to Morrison & Foerster, Cato Research 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 $ 1,300 $ 62,001,400 $ (3,968,100) $ (198,100) $ (70,636,900) (12,799,900)
Ending Balance, Shares at Mar. 31, 2014 500,000 1,310,093          
Share-based compensation expense     $ 2,460,100       2,460,100
Payments on and settlement of note receivable for sale of stock         $ 198,100   198,100
Allocated proceeds from sale of Units for cash under 2014 Unit Private Placement, including beneficial conversion feature   $ 300 $ 2,746,800       2,747,100
Allocated proceeds from sale of Units for cash under 2014 Unit Private Placement, including beneficial conversion feature, Shares   280,350          
Incremental fair value of warrant modifications     $ 98,400       98,400
Net Loss           $ (13,885,800) (13,885,800)
Ending Balance, Amount at Mar. 31, 2015 $ 500 $ 1,700 $ 67,945,800 $ (3,968,100)   $ (84,522,700) $ (20,542,800)