Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v2.4.0.6
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Jun. 30, 2012
Summary Of Significant Accounting Policies Tables  
Earning Per Share

Potentially dilutive securities excluded from diluted net loss per common share are as follows:

 

    June 30,
    2012   2011
         
All series of preferred stock issued and outstanding          4,370,550                     -  
Outstanding options under the 2008 and 1999 Stock Incentive Plan and 1998 Scientific Advisory Board Plan          4,920,771          4,719,153
Outstanding warrants to purchase common stock          3,604,392          6,540,314
February 2012 12% convertible promissory notes and accrued interest (1)             347,897                     -  
         
Total        13,243,610        11,259,467
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(1)  assumes mandatory conversion in connection with a qualified financing at $2.00 per share, plus fee warrants to placement agent