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 9 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
REVENUES:        
Government contract revenue $ 74,813 $ 0 $ 74,813 $ 392,073
OPERATING EXPENSES        
Professional fees 439,117 416,866 1,165,318 1,495,597
Payroll and related expenses 663,245 635,698 1,911,553 2,793,888
General and administrative 136,078 182,982 557,991 696,662
Total operating expenses 1,238,440 1,235,546 3,634,862 4,986,147
OPERATING LOSS (1,163,627) (1,235,546) (3,560,049) (4,594,074)
OTHER EXPENSE        
Interest and other debt expenses 55,912 36,565 306,495 115,308
Loss on share for warrant exchanges 0 0 130,214 0
(Gain)/loss on debt extinguishment 0 (58,691) 376,909 558,198
Warrant repricing expense 0 0 0 345,841
Total other expense (income) 55,912 (22,126) 813,618 1,019,347
NET LOSS BEFORE NONCONTROLLING INTERESTS (1,219,539) (1,213,420) (4,373,667) (5,613,421)
LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS (4,532) (7,689) (12,972) (23,088)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (1,215,007) $ (1,205,731) $ (4,360,695) $ (5,590,333)
BASIC AND DILUTED LOSS PER COMMON SHARE $ (0.08) $ (0.15) $ (0.40) $ (0.72)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC AND DILUTED 14,950,701 7,927,031 10,927,106 7,768,682