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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
3 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating expenses:    
Research and development $ 825,700 $ 372,600
General and administrative 1,137,600 1,448,500
Total operating expenses 1,963,300 1,821,100
Loss from operations (1,963,300) (1,821,100)
Other expenses, net:    
Interest expense, net (1,400) (755,100)
Change in warrant liability 0 (1,894,700)
Loss on extinguishment of debt 0 (25,050,900)
Loss before income taxes (1,964,700) (29,521,800)
Income taxes (2,400) (2,300)
Net loss (1,967,100) (29,524,100)
Accrued dividends on Series B Preferred stock (539,800) (213,300)
Deemed dividend on Series B Preferred Units (111,100) (256,200)
Net loss attributable to common stockholders $ (2,618,000) $ (29,993,600)
Basic and diluted net loss attributable to common stockholders per common share $ (.51) $ (19.23)
Weighted average shares used in computing basic and diluted net loss attributable to common stockholders per common share 5,097,832 1,559,483
Comprehensive loss $ (1,967,100) $ (29,524,100)