Quarterly report pursuant to Section 13 or 15(d)

Prepaid Expenses and Other Current Assets

v3.19.3
Prepaid Expenses and Other Current Assets
6 Months Ended
Sep. 30, 2019
Other Assets [Abstract]  
Prepaid Expenses and Other Current Assets

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

 

     September 30,      March 31,  
     2019      2019  
             
 AV-101, PH94B and PH10 materials and contract services   $ 357,900     $ 5,900  
 Fair value of securities issued for professional services     -       105,900  
 Insurance     206,000       96,300  
 Public offering filing fees and expenses     30,500       22,300  
 All other     10,100       20,500  
    $ 604,500     $ 250,900  

 

The fair value of securities issued for professional services reflects the unamortized 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 amortized ratably over the term of the related service agreement.