XML 54 R5.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net loss $ (2,468,265) $ (4,592,485)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 18,676 18,676
Stock based compensation 101,421 260,680
Fair market value of common stock, warrants adn options issued for services 0 162,358
Loss on extension of warrants 0 143,363
Loss on debt conversion 0 2,531,123
Amortization of debt discount and deferred financing costs 225,717 21,502
Changes in operating assets and liabilities:    
Accounts receivable 6,533 (162,495)
Prepaid expenses and other current assets (35,777) 9,558
Accounts payable and other current liabilities (144,533) 163,646
Due to related parties 58,000 49,708
Net cash used in operating activities (2,238,228) (1,394,366)
Cash flows from financing activities:    
Proceeds from the issuance of common stock, net 5,591,988 670,274
Net cash provided by financing activities 5,591,988 670,274
Net increase (decrease) in cash 3,353,760 (724,092)
Cash at beginning of period 855,596 1,250,279
Cash at end of year 4,209,356 526,187
Supplement information for non-cash investing and financing activities:    
Debt and accrued interest converted to common stock 0 1,007,631
Reclassification of warrant derivative liability into equity 0 10,679,067
Deferred financing costs recorded in connection with debt amendment 0 5,000
Reclassification of accrued interest to convertible notes payable 0 25,766
Cashless exercise of warrants $ 5 $ 0