Balance Sheet

v3.7.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2017
Mar. 31, 2017
Current assets:    
Cash and cash equivalents $ 1,628,200 $ 2,921,300
Prepaid expenses and other current assets 498,000 456,600
Total current assets 2,126,200 3,377,900
Property and equipment, net 262,900 286,500
Security deposits and other assets 47,800 47,800
Total assets 2,436,900 3,712,200
Current liabilities:    
Accounts payable 632,000 867,300
Accrued expenses 204,900 443,000
Current portion of notes payable and accrued interest 165,500 54,800
Capital lease obligations 2,400 2,400
Total current liabilities 1,004,800 1,367,500
Non-current liabilities:    
Accrued dividends on Series B Preferred Stock 1,825,100 1,577,800
Deferred rent liability 202,500 139,200
Capital lease obligations 11,300 11,900
Total non-current liabilities 2,038,900 1,728,900
Total liabilities 3,043,700 3,096,400
Commitments and contingencies
Stockholders' deficit:    
Common stock, $0.001 par value; 30,000,000 shares authorized at June, 30 2017 and March 31, 2017; 9,437,137 and 8,974,386 shares issued at June 30, 2017 and March 31, 2017, respectively 9,400 9,000
Additional paid-in capital 147,611,900 146,569,600
Treasury stock, at cost, 135,665 shares of common stock held at June 30, 2017 and March 31, 2017 (3,968,100) (3,968,100)
Accumulated deficit (144,264,000) (141,998,700)
Total stockholders' equity (deficit) (606,800) 615,800
Total liabilities and stockholders' equity (deficit) 2,436,900 3,712,200
Series A Preferred Stock [Member]    
Stockholders' deficit:    
Preferred stock 500 500
Series B Preferred Stock [Member]    
Stockholders' deficit:    
Preferred stock 1,200 1,200
Series C Preferred Stock [Member]    
Stockholders' deficit:    
Preferred stock $ 2,300 $ 2,300

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