Balance Sheet

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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2018
Mar. 31, 2018
Current assets:    
Cash and cash equivalents $ 7,231,200 $ 10,378,300
Prepaid expenses and other current assets 617,300 644,800
Total current assets 7,848,500 11,023,100
Property and equipment, net 359,000 207,400
Security deposits and other assets 47,800 47,800
Total assets 8,255,300 11,278,300
Current liabilities:    
Accounts payable 629,500 1,195,700
Accrued expenses 1,057,900 206,300
Current notes payable 181,100 53,900
Capital lease obligations 2,700 2,600
Total current liabilities 1,871,200 1,458,500
Non-current liabilities:    
Accrued dividends on Series B Preferred Stock 2,881,800 2,608,300
Deferred rent liability 272,000 285,600
Capital lease obligations 8,600 9,300
Total non-current liabilities 3,162,400 2,903,200
Total liabilities 5,033,600 4,361,700
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.001 par value; 100,000,000 shares authorized at June 30, 2018 and March 31, 2018; 23,213,280 and 23,068,280 shares issued and outstanding at June 30, 2018 and March 31, 2018, respectively 23,200 23,100
Additional paid-in capital 167,920,900 167,401,400
Treasury stock, at cost, 135,665 shares of common stock held at June 30, 2018 and March 31, 2017 (3,968,100) (3,968,100)
Accumulated deficit (160,758,300) (156,543,800)
Total stockholders' equity 3,221,700 6,916,600
Total liabilities and stockholders' equity 8,255,300 11,278,300
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

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