XML 63 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
12 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Operating expenses:    
Research and development $ 2,432,700 $ 2,480,600
General and administrative 4,344,400 2,548,300
Total operating expenses 6,777,100 5,028,900
Loss from operations (6,777,100) (5,028,900)
Other expenses, net:    
Interest expense, net (4,548,700) (1,503,000)
Change in warrant liability 34,600 $ (3,566,900)
Loss on extinguishment of debt (2,388,000)  
Other expense (135,000)  
Loss before income taxes (13,883,400) $ (2,965,000)
Income taxes 2,400 2,700
Net loss and comprehensive loss $ (13,885,800) $ (2,967,700)
Basic net loss per common share $ (10.53) $ (2.70)
Diluted net loss per common share $ (10.61) $ (3.81)
Weighted average shares used in computing basic net loss per common share 1,318,797 1,098,742
Weighted average shares used in computing diluted net loss per common share 1,318,797 1,099,216