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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net loss $ (38,718,800) $ (7,664,500)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 40,800 39,200
Amortization of discounts on convertible and promissory notes 564,800 1,294,700
Change in warrant liability 1,894,700 (528,300)
Stock-based compensation 3,868,300 $ 564,000
Expense related to modification of warrants 614,900
Non-cash rent expense $ (19,500) $ (9,700)
Interest income on note receivable for common stock purchase 2,800
Loss on settlement of note receivable for common stock purchase 134,900
Fair value of common stock granted for services $ 606,300 $ 134,000
Fair value of Series B Preferred stock granted for services 1,045,000
Fair value of warrants granted for services and interest 111,200 $ 38,700
Foreign currency transaction gain (6,400) (22,000)
Loss on extinguishment of debt 26,700,200 $ 2,371,400
Loss on disposition of fixed assets 2,300
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 61,800 $ 74,300
Accounts payable and accrued expenses, including accrued interest (264,500) 1,696,100
Net cash used in operating activities (3,498,900) $ (1,874,400)
Cash flows from investing activities:    
Purchases of equipment, net (4,600)
Net cash used in investing activities (4,600)
Cash flows from financing activities:    
Net proceeds from issuance of common stock and warrants, including Units 280,000 $ 2,128,200
Net proceeds from issuance of Series B Preferred Units 4,397,800
Repayment of capital lease obligations (700) $ (3,700)
Repayment of notes (85,200) (236,900)
Net cash provided by financing activities 4,591,900 1,887,600
Net increase in cash and cash equivalents 1,088,400 $ 13,200
Cash and cash equivalents at beginning of period 70,000
Cash and cash equivalents at end of period 1,158,400 $ 13,200
Supplemental disclosure of noncash 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 $ 18,891,400