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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net loss $ (5,068,200) $ (36,572,200)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 26,000 28,900
Amortization of discounts on convertible and promissory notes 0 564,800
Change in warrant liability 0 1,894,700
Stock-based compensation 306,700 3,769,900
Expense related to modification of warrants, including exchange of warrants for Series C Preferred and common stock 57,400 122,300
Amortization of deferred rent (18,100) (11,600)
Fair value of common stock granted for services 217,000 500,000
Fair value of Series B Preferred stock granted for services 375,000 707,500
Fair value of warrants granted for services and interest 227,500 0
Foreign currency transaction loss 0 (6,300)
Loss on extinguishment of debt 0 26,700,200
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 40,400 24,200
Accounts payable and accrued expenses, including accrued interest (36,800) (51,900)
Net cash used in operating activities (3,873,100) (2,329,500)
Cash flows from investing activities:    
Purchases of equipment (7,700) 0
Net cash used in investing activities (7,700) 0
Cash flows from financing activities:    
Net proceeds from issuance of common stock and warrants, including Units 9,537,100 280,000
Net proceeds from issuance of Series B Preferred Units 278,000 2,722,800
Repayment of capital lease obligations (500) (500)
Repayment of notes (105,200) (48,800)
Net cash provided by financing activities 9,709,400 2,953,500
Net increase in cash and cash equivalents 5,828,600 624,000
Cash and cash equivalents at beginning of period 428,500 70,000
Cash and cash equivalents at end of period 6,257,100 694,000
Supplemental disclosure of noncash activites:    
Conversion of Senior Secured Notes, Subordinate Convertible Notes, Promissory Notes, Accounts payable and other debt into Series B Preferred 0 18,891,400
Insurance premiums settled by issuing note payable 117,500 79,400
Accrued dividends on Series B Preferred 780,800 828,000
Accrued dividends on Series B Preferred settled upon conversion by issuance of common stock $ 1,768,800 $ 22,700