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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net loss $ (47,220,500) $ (13,885,800)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 53,500 59,100
Amortization of discounts on convertible and promissory notes 564,800 3,372,000
Change in warrant liability 1,894,700 34,600
Stock-based compensation 4,041,400 2,460,100
Expense related to modification of warrants, including exchange of warrants for Series C Preferred and common stock 6,218,000 98,400
Amortization of deferred rent (27,500) (14,400)
Fair value of common stock granted for services 829,200 $ 469,000
Fair value of Series B Preferred stock granted for services 1,382,500
Fair value of warrants granted for services and interest 1,280,800 $ 44,500
Gain on currency fluctuation (6,400) (63,600)
Loss on extinguishment of debt 26,700,200 $ 2,388,000
Loss on disposition of equipment $ 2,300
Reversal of interest income on note receivable for stock purchase $ 2,800
Loss on settlement of note receivable for common stock purchase 134,900
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets $ 25,700 107,400
Accounts payable and accrued expenses, including accrued interest (547,200) 2,024,100
Net cash used in operating activities (4,808,500) $ (2,768,900)
Cash flows from investing activities:    
Purchases of equipment (26,300)
Cash flows from financing activities:    
Net proceeds from issuance of common stock Units 280,000 $ 3,146,600
Net proceeds from issuance of Series B Preferred Units 5,025,800
Repayment of capital lease obligations (1,000) $ (3,900)
Repayment of notes (111,500) (303,800)
Net cash provided by financing activities 5,193,300 2,838,900
Net increase in cash and cash equivalents 358,500 $ 70,000
Cash and cash equivalents at beginning of period 70,000
Cash and cash equivalents at end of period 428,500 $ 70,000
Supplemental disclosure of cash flow activities:    
Cash paid for interest 12,700 35,700
Cash paid for income taxes 2,400 $ 2,400
Supplemental disclosure of noncash activities:    
Conversion of Senior Secured Notes, Subordinate Convertible Notes, Promissory Notes, Accounts payable and other debt into Series B Preferred 18,891,400
Insurance premiums settled by issuing note payable $ 79,400 $ 105,300
Accounts payable settled by issuance of common stock or notes payable and common stock $ 438,400