Quarterly report pursuant to Section 13 or 15(d)

Prepaid Expenses and Other Current Assets

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Prepaid Expenses and Other Current Assets
9 Months Ended
Dec. 31, 2019
Other Assets [Abstract]  
Prepaid Expenses and Other Current Assets

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

 

    December 31,   March 31,
    2019   2019
         
 Clinical and nonclinical materials and contract services   $ 121,000     $ 5,900  
 Fair value of securities issued for professional services     —         105,900  
 Insurance     119,300       96,300  
 Public offering filing fees and expenses     30,500       22,300  
 Conferences, sponsorships and all other     48,200       20,500  
    $ 319,000     $ 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.