Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.5.0.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
REVENUES:        
Government contract revenue $ 387,438 $ 188,366 $ 392,073 $ 380,874
OPERATING EXPENSES        
Professional fees 510,982 389,207 1,078,731 927,433
Payroll and related expenses 1,813,003 597,850 2,158,190 1,056,078
General and administrative 290,131 325,670 513,681 611,695
Total operating expenses 2,614,116 1,312,727 3,750,602 2,595,206
OPERATING LOSS (2,226,678) (1,124,361) (3,358,529) (2,214,332)
OTHER EXPENSE        
Interest and other debt expenses 36,576 127,245 78,743 253,933
Loss on debt extinguishment 0 0 616,889 0
Warrant repricing expense 0 0 345,841 0
Total other expense 36,576 127,245 1,041,473 253,933
NET LOSS BEFORE NONCONTROLLING INTERESTS (2,263,254) (1,251,606) (4,400,002) (2,468,265)
LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS (7,668) (27,000) (15,400) (60,623)
LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (2,255,586) $ (1,224,606) $ (4,384,602) $ (2,407,642)
Basic and diluted loss per common share $ (.29) $ (.16) $ (.57) $ (.34)
Weighted average number of common shares outstanding - basic and diluted 7,756,883 7,610,459 7,690,369 7,167,903