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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended
--- | ---
Mar. 31, 2017 | Mar. 31, 2016
REVENUES: |  |
Government contract revenue | $ 392,073 | $ 886,572
Total revenues | 392,073 | 886,572
OPERATING EXPENSES |  |
Professional fees | 2,161,592 | 2,259,096
Payroll and related expenses | 3,479,347 | 2,083,297
General and administrative | 849,491 | 929,013
Total operating expenses | 6,490,430 | 5,271,406
OPERATING LOSS | (6,098,357) | (4,384,834)
OTHER (INCOME) EXPENSE |  |
Loss on debt extinguishment | 558,198 | 0
Warrant repricing expense | 345,841 | 0
Interest and other expenses | 304,330 | 573,782
Total other expenses | 1,208,369 | 573,782
NET LOSS BEFORE NONCONTROLLING INTERESTS | (7,306,726) | (4,958,616)
LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS | (30,613) | (86,287)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS | $ (7,276,113) | $ (4,872,329)
Basic and diluted net loss per share available to common stockholders (Note 1) | $ (.94) | $ (0.66)
Weighted average number of common shares outstanding - basic and diluted (Note 1) | 7,764,237 | 7,393,695

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