Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses

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Accrued Expenses
6 Months Ended
Sep. 30, 2012
Notes to Financial Statements  
NOTE 6 - Accrued Expenses

Accrued expenses consist of the following:

 

    September 30,     March 31,  
    2012     2012  
             
 Accrued professional services   $ 58,800     $ 107,400  
 Accrued research and development expenses     -       237,500  
 Accrued vacation pay and other compensation     226,700       229,900  
 Accrued placement agent fees     50,000       50,000  
 Accrued registration rights payments     20,700       -  
 All other     38,200       32,500  
                 
    $ 394,400     $ 657,300