Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
REVENUES:    
Government contract revenue $ 149,625 $ 392,073
Total revenues 149,625 392,073
OPERATING COSTS AND EXPENSES    
Professional fees 1,553,204 2,161,592
Payroll and related expenses 2,634,937 3,479,347
General and administrative 792,600 849,491
Total operating expenses 4,980,741 6,490,430
OPERATING LOSS (4,831,116) (6,098,357)
OTHER EXPENSE    
Loss on debt extinguishment 376,909 558,198
Warrant repricing expense 0 345,841
Loss on share for warrant exchanges 130,215 0
Interest and other expenses 361,597 304,330
Total other expense 868,721 1,208,369
NET LOSS BEFORE NONCONTROLLING INTERESTS (5,699,837) (7,306,726)
LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS (20,279) (30,613)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (5,679,558) $ (7,276,113)
Basic and diluted net loss per share available to common stockholders $ (0.46) $ (0.94)
Weighted average number of common shares outstanding - basic and diluted 12,317,074 7,764,237