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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net loss $ (18,866,300) $ (10,267,100)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 64,800 65,300
Stock-based compensation 2,519,700 1,386,900
Expense related to modification of warrants 25,800 292,700
Fair value of common stock granted for services 277,600 1,554,800
Fair value of common stock issued for product license and option 4,250,000 0
Fair value of warrants granted for services 79,800 0
Loss on extinguishment of accounts payable (22,700) (135,000)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 34,600 259,600
Accounts payable and accrued expenses, including accrued interest 511,800 (41,800)
Deferred rent 109,200 159,900
Net cash used in operating activities (10,970,300) (6,454,700)
Cash flows from investing activities:    
Purchases of equipment 0 (1,600)
Construction of tenant improvements (169,800) 0
Net cash used in investing activities (169,800) (1,600)
Cash flows from financing activities:    
Net proceeds from issuance of common stock and warrants, including Units 6,608,700 16,721,900
Proceeds from exercise of warrants 605,700 0
Repayment of capital lease obligations (2,000) (1,700)
Repayment of notes payable (165,300) (153,400)
Net cash provided by financing activities 7,047,100 16,566,800
 Net (decrease) increase in cash and cash equivalents (4,093,000) 10,110,500
Cash and cash equivalents at beginning of period 10,378,300 2,921,300
Cash and cash equivalents at end of period 6,285,300 13,031,800
Supplemental disclosure of noncash activites:    
Insurance premiums settled by issuing note payable 160,500 142,400
Accrued dividends on Series B Preferred 848,000 766,600
Deemed dividend from trigger of down round provision feature 0 (199,200)
Settlement of accounts payable by issuance of common stock $ 40,000 $ 450,000