Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.7.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUES:    
Government contract revenue $ 392,073 $ 886,572
Total revenues 392,073 886,572
OPERATING EXPENSES    
Professional fees 2,161,592 2,259,096
Payroll and related expenses 3,479,347 2,083,297
General and administrative 849,491 929,013
Total operating expenses 6,490,430 5,271,406
OPERATING LOSS (6,098,357) (4,384,834)
OTHER (INCOME) EXPENSE    
Loss on debt extinguishment 558,198 0
Warrant repricing expense 345,841 0
Interest and other expenses 304,330 573,782
Total other expenses 1,208,369 573,782
NET LOSS BEFORE NONCONTROLLING INTERESTS (7,306,726) (4,958,616)
LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS (30,613) (86,287)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (7,276,113) $ (4,872,329)
Basic and diluted net loss per share available to common stockholders (Note 1) $ (.94) $ (0.66)
Weighted average number of common shares outstanding - basic and diluted (Note 1) 7,764,237 7,393,695