Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.6.0.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
REVENUES:        
Government contract revenue $ 0 $ 301,033 $ 392,073 $ 681,907
OPERATING EXPENSES        
Professional fees 416,866 387,820 1,495,597 1,315,253
Payroll and related expenses 635,698 614,731 2,793,888 1,670,809
General and administrative 182,982 382,612 696,662 994,305
Total operating expenses 1,235,546 1,385,163 4,986,147 3,980,367
OPERATING LOSS (1,235,546) (1,084,130) (4,594,074) (3,298,460)
OTHER (INCOME) EXPENSE        
Interest and other debt expenses 36,565 148,904 115,308 402,837
(Gain)/loss on debt extinguishment (58,691) 0 558,198 0
Warrant repricing expense 0 0 345,841 0
Total other (income)/expense (22,126) 148,904 1,019,347 402,837
NET LOSS BEFORE NONCONTROLLING INTERESTS (1,213,420) (1,233,034) (5,613,421) (3,701,297)
LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS (7,689) (15,866) (23,088) (76,489)
LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (1,205,731) $ (1,217,168) $ (5,590,333) $ (3,624,808)
Basic and diluted loss per common share $ (.15) $ (.16) $ (.72) $ (.50)
Weighted average number of common shares outstanding - basic and diluted 7,927,031 7,616,619 7,768,682 7,318,019