2. Liquidity and Financial Condition (Details Narrative) - USD ($) |
12 Months Ended | 24 Months Ended | |
---|---|---|---|
Mar. 31, 2016 |
Mar. 31, 2015 |
Mar. 31, 2016 |
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Net loss | $ (10,162,000) | $ (8,203,000) | |
Accumulated deficit | (152,375,000) | (142,213,000) | $ (152,375,000) |
Working capital | 9,337,000 | 7,066,000 | 9,337,000 |
Proceeds from sale of equity, gross | 6,144,000 | 6,785,000 | |
At-the-Market Issuance Sales Agreement [Member] | |||
Proceeds from sale of equity, gross | 3,263,000 | 1,443,000 | $ 4,706,000 |
Proceeds from sale of equity, net | $ 3,150,000 | $ 1,341,000 | |
Shares issued | 2,254,596 | 467,934 | |
Dawson James Securities, Inc. [Member] | |||
Warrants issued | 250,000 | ||
Common Stock and Warrants [Member] | |||
Proceeds from sale of equity, gross | $ 3,400,000 | ||
Proceeds from sale of equity, net | 2,994,000 | ||
Legal fees and expenses related to offering | $ 50,000 |
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- Definition The cash inflow from the issuance of common stock, preferred stock, treasury stock, stock options, and other types of equity, net of offering costs No definition available.
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- Definition Warrants issued No definition available.
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- Definition Working capital No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow for cost incurred directly with the issuance of an equity security. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow from the issuance of common stock, preferred stock, treasury stock, stock options, and other types of equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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