Prepaid Expenses and Other Current Assets

9 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets are composed of the following at December 31, 2018 and March 31, 2018:

	December 31,		March 31,
	2018		2018
AV-101 materials and services	$	456,200	$	505,900
Professional services		166,500		—
Insurance		89,900		88,300
Public offering filing fees and expenses		88,400		25,900
All other		52,800		24,700
	$	853,800	$	644,800

The increase in prepaid professional services is primarily attributable to the unexpensed portion of the fair value of securities we have issued to certain professional service providers as full or partial compensation for services. The fair value of the securities issued is being expensed ratably over the term of the related service agreement.