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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net loss $ (29,524,100) $ (4,553,300)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 14,500 13,100
Amortization of discounts on convertible and promissory notes 550,800 481,900
Change in warrant liability 1,894,700 1,727,200
Stock-based compensation 29,200 $ 203,400
Expense related to modification of warrants 122,300  
Non-cash rent and relocation expense $ (4,700) $ (1,400)
Interest income on note receivable for stock purchase   (2,500)
Fair value of common stock granted for services $ 500,000 $ 134,000
Fair value of Series B Preferred stock granted for services $ 250,000  
Fair value of warrants granted for services and interest   $ 16,500
Foreign currency transaction loss $ 10,300 19,800
Loss on extinguishment of debt 25,050,900 767,900
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (8,200) (11,900)
Accounts payable and accrued expenses, including accrued interest 291,000 193,500
Net cash used in operating activities $ (823,300) $ (1,011,800)
Cash flows from investing activities:    
Purchases of equipment, net    
Net cash used in investing activities    
Cash flows from financing activities:    
Net proceeds from issuance of common stock and warrants, including Units $ 280,000 $ 1,520,000
Net proceeds from issuance of Series B Preferred Units 607,500  
Repayment of capital lease obligations (200) $ (2,000)
Repayment of notes (13,000) (105,500)
Net cash provided by financing activities 874,300 1,412,500
Net increase in cash and cash equivalents 51,000 $ 400,700
Cash and cash equivalents at beginning of period 70,000  
Cash and cash equivalents at end of period 121,000 $ 400,700
Supplemental disclosure of non-cash activites:    
Senior Secured Notes, 2014 Unit Notes, other promissory notes and related accrued interest and accounts payable, including conversion premiums, converted into Series B Preferred stock $ 17,335,400