Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.8.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUES:        
Government contract revenue $ 0 $ 387,438 $ 0 $ 392,073
OPERATING EXPENSES        
Professional fees 383,178 510,982 726,201 1,078,731
Payroll and related expenses 618,081 1,813,003 1,248,308 2,158,190
General and administrative 234,914 290,131 421,913 513,681
Total operating expenses 1,236,173 2,614,116 2,396,422 3,750,602
OPERATING LOSS (1,236,173) (2,226,678) (2,396,422) (3,358,529)
OTHER EXPENSE        
Interest and other debt expenses 61,979 36,576 250,583 78,743
Loss on share for warrant exchanges 10,425 0 130,214 0
Loss on debt extinguishment 0 0 376,909 616,889
Warrant repricing expense 0 0 0 345,841
Total other expense 72,404 36,576 757,706 1,041,473
NET LOSS BEFORE NONCONTROLLING INTERESTS (1,308,577) (2,263,254) (3,154,128) (4,400,002)
LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS (4,671) (7,668) (8,439) (15,400)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (1,303,906) $ (2,255,586) $ (3,145,689) $ (4,384,602)
BASIC AND DILUTED LOSS PER COMMON SHARE $ (0.14) $ (0.29) $ (0.35) $ (0.57)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC AND DILUTED 9,032,157 7,756,883 8,939,624 7,690,369