Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses

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Accrued Expenses
9 Months Ended
Dec. 31, 2012
Notes to Financial Statements  
NOTE 6 - Accrued Expenses

Accrued expenses consist of the following at December 31, 2012 and March 31, 2012 (amounts in 100’s).

 

    December 31,     March 31,  
    2012     2012  
             
 Accrued professional services   $ 68,300     $ 107,400  
 Accrued research and development expenses     -       237,500  
 Accrued vacation pay and other compensation     223,400       229,900  
 Accrued placement agent fees     50,000       50,000  
 Accrued royalties and license fees     29,700       5,000  
 All other     10,900       27,500  
                 
    $ 382,300     $ 657,300