Balance Sheet

v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2017
Mar. 31, 2017
Current assets:    
Cash and cash equivalents $ 13,031,800 $ 2,921,300
Prepaid expenses and other current assets 940,400 456,600
Total current assets 13,972,200 3,377,900
Property and equipment, net 222,800 286,500
Security deposits and other assets 47,800 47,800
Total assets 14,242,800 3,712,200
Current liabilities:    
Accounts payable 509,300 867,300
Accrued expenses 770,900 443,000
Current notes payable 43,700 54,800
Capital lease obligations 2,600 2,400
Total current liabilities 1,326,500 1,367,500
Non-current liabilities:    
Accrued dividends on Series B Preferred Stock 2,344,400 1,577,800
Deferred rent liability 299,100 139,200
Capital lease obligations 10,000 11,900
Total non-current liabilities 2,653,500 1,728,900
Total liabilities 3,980,000 3,096,400
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.001 par value; 100,000,000 and 30,000,000 shares authorized at December 31, 2017 and March 31, 2017, respectively; 22,723,504 and 8,974,386 shares issued and outstanding at December 31, 2017 and March 31, 2017, respectively 22,700 9,000
Additional paid-in capital 166,669,200 146,569,600
Treasury stock, at cost, 135,665 shares of common stock held at December 31, 2017 and March 31, 2017 (3,968,100) (3,968,100)
Accumulated deficit (152,465,000) (141,998,700)
Total stockholders' equity 10,262,800 615,800
Total liabilities and stockholders' equity 14,242,800 3,712,200
Series A Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock 500 500
Series B Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock 1,200 1,200
Series C Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock $ 2,300 $ 2,300

Source