Quarterly report pursuant to Section 13 or 15(d)

Prepaid Expenses and Other Current Assets

v3.19.2
Prepaid Expenses and Other Current Assets
3 Months Ended
Jun. 30, 2019
Other Assets [Abstract]  
Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets are composed of the following at June 30, 2019 and March 31, 2019:

 

     June 30,     March  
     2019      2019  
             
 AV-101 and PH94B materials and contract services   $ 134,100     $ 5,900  
 Fair value of securities issued for professional services     26,500       105,900  
 Insurance     292,700       96,300  
 Public offering filing fees and expenses     22,300       22,300  
 All other     7,000       20,500  
    $ 482,600     $ 250,900  

 

The fair value of securities issued for professional services reflects the unexpensed portion of the fair value of securities we have issued to certain professional service providers as full or partial compensation for services. The fair value of the securities issued is being expensed ratably over the term of the related service agreement.