Summary of Significant Accounting Policies (Tables)

12 Months Ended

Mar. 31, 2016

Accounting Policies [Abstract]

Schedule of basic and diluted net loss attributable to common stockholders per share

Basic and diluted net loss attributable to common stockholders per share was computed as follows: 

	Twelve Months Ended March 31,
	2016			2015
Numerator:
Net loss attributable to common stockholders for basic net loss
per share	$	(51,419,000	)	$	(13,885,800	)
less: change in fair value of warrant liability attributable to outstanding
warrants issued to PLTG		-			(105,200	)
Net loss for diluted earnings per share attributable to common stockholders	$	(51,419,000	)	$	(13,991,000	)
Denominator:
Weighted average basic common shares outstanding		1,767,957			1,318,813
Assumed conversion of dilutive securities:
Warrants to purchase common stock		-			-
Potentially dilutive common shares assumed converted		-			-
Denominator for diluted earnings per share - adjusted
weighted average shares		1,767,957			1,318,813
Basic net loss attributable to common stockholders per common share	$	(29.08	)	$	(10.53	)
Diluted net loss attributable to common stockholders per common share	$	(29.08	)	$	(10.61	)

Schedule of potentially dilutive securities excluded in determining diluted net loss per common share

Potentially dilutive securities excluded in determining diluted net loss per common share for the fiscal years ended March 31, 2016 and 2015 are as follows: 

	As of March 31,
	2016		2015
Series A Preferred stock issued and outstanding (1)		750,000		750,000
Series B Preferred stock issued and outstanding (2)		3,663,077		-
Series C Preferred stock issued and outstanding (3)		2,318,012		-
Outstanding options under the 2008 and 1999 Stock Incentive Plans		336,987		207,638
Outstanding warrants to purchase common stock		1,907,221		1,544,474
Warrant shares issuable to PLTG upon exchange of Series A Preferred under the terms of the October 11, 2012 Note Exchange and Purchase Agreement, as subsequently amended		-		375,000
10% Senior Secured Convertible Notes issued to PLTG between October 2012 and July 2013, including accrued interest through March 31, 2015		-		444,235
10% convertible notes issued as a component of 2014 Unit Private Placement, including  accrued interest through March 31, 2015		-		433,758
Total		8,975,297		3,755,105
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(1) Assumes exchange under the terms of the October 11, 2012 Note Exchange and Purchase Agreement with PLTG, as amended
(2) Assumes exchange under the terms of the Certificate of Designation of the Relative Rights and Preferences of the Series B 10% Convertible Preferred Stock, effective May 5, 2015
(3) Assumes exchange under the terms of the Certificate of Designation of the Relative Rights and Preferences of the Series C Convertible Preferred Stock, effective January 25, 2016