Balance Sheet

v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2017
Mar. 31, 2017
Current assets:    
Cash and cash equivalents $ 1,764,400 $ 2,921,300
Prepaid expenses and other current assets 563,300 456,600
Total current assets 2,327,700 3,377,900
Property and equipment, net 242,000 286,500
Security deposits and other assets 47,800 47,800
Total assets 2,617,500 3,712,200
Current liabilities:    
Accounts payable 1,151,000 867,300
Accrued expenses 625,600 443,000
Current notes payable 105,200 54,800
Capital lease obligations 2,500 2,400
Total current liabilities 1,884,300 1,367,500
Non-current liabilities:    
Accrued dividends on Series B Preferred Stock 2,081,400 1,577,800
Deferred rent liability 312,700 139,200
Capital lease obligations 10,700 11,900
Total non-current liabilities 2,404,800 1,728,900
Total liabilities 4,289,100 3,096,400
Commitments and contingencies
Stockholders' equity (deficit):    
Common stock, $0.001 par value; 100,000,000 and 30,000,000 shares authorized at September 30, 2017 and March 31, 2017, respectively; 11,764,639 and 8,974,386 shares issued and outstanding at September 30, 2017 and March 31, 2017, respectively 11,800 9,000
Additional paid-in capital 151,541,700 146,569,600
Treasury stock, at cost, 135,665 shares of common stock held at September 30, 2017 and March 31, 2017 (3,968,100) (3,968,100)
Accumulated deficit (149,261,000) (141,998,700)
Total stockholders' equity (deficit) (1,671,600) 615,800
Total liabilities and stockholders' equity (deficit) 2,617,500 3,712,200
Series A Preferred Stock [Member]    
Stockholders' equity (deficit):    
Preferred stock 500 500
Series B Preferred Stock [Member]    
Stockholders' equity (deficit):    
Preferred stock 1,200 1,200
Series C Preferred Stock [Member]    
Stockholders' equity (deficit):    
Preferred stock $ 2,300 $ 2,300

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