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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating expenses:        
Research and development $ 1,606,100 $ 1,656,100 $ 2,431,800 $ 2,028,700
General and administrative 1,493,600 3,730,500 2,631,200 5,179,000
Total operating expenses 3,099,700 5,386,600 5,063,000 7,207,700
Loss from operations (3,099,700) (5,386,600) (5,063,000) (7,207,700)
Other expenses, net:        
Interest expense, net (1,400) (12,200) (2,800) (767,300)
Change in warrant liability 0 0 0 (1,894,700)
Loss on extinguishment of debt 0 (1,649,300) 0 (26,700,200)
Loss before income taxes (3,101,100) (7,048,100) (5,065,800) (36,569,900)
Income taxes 0 0 (2,400) (2,300)
Net loss (3,101,100) (7,048,100) (5,068,200) (36,572,200)
Accrued dividends on Series B Preferred stock (241,000) (614,700) (780,800) (828,000)
Deemed dividend on Series B Preferred Units 0 (886,900) (111,100) (1,143,100)
Net loss attributable to common stockholders $ (3,342,100) $ (8,549,700) $ (5,960,100) $ (38,543,300)
Basic and diluted net loss attributable to common stockholders per common share $ (0.42) $ (5.26) $ (0.91) $ (24.21)
Weighted average shares used in computing basic and diluted net loss attributable to common stockholders per common share 8,041,619 1,624,371 6,577,769 1,592,104
Comprehensive loss $ (3,101,100) $ (7,048,100) $ (5,068,200) $ (36,572,200)