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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Sep. 30, 2015
Summary of Significant Accounting Policies [Abstract]  
Schedule of Earnings Per Share
The following shows the amounts used in computing net loss per share for the three and six months ended September 30, 2015 and 2014:
 
 
 
Six Months Ended September 30,
 
 
 
2015
 
2014
 
Net loss
 
$
(4,349,727)
 
$
(3,682,023)
 
Add:
 
 
 
 
 
 
 
Preferred stock beneficial conversion charge
 
 
(4,474,348)
 
 
(2,468,813)
 
Undeclared cumulative preferred dividends
 
 
(447,878)
 
 
(99,597)
 
Net loss attributable to common stockholders
 
$
(9,271,953)
 
$
(6,250,433)
 
Weighted average shares issued and outstanding-basic and diluted
 
 
5,774,389
 
 
5,001,607
 
Basic and diluted net loss per share attributable to common stockholders
 
$
(1.61)
 
$
(1.25)
 
 
 
 
Three Months Ended September 30,
 
 
 
2015
 
2014
 
Net loss
 
$
(2,425,463)
 
$
(1,384,759)
 
Add:
 
 
 
 
 
 
 
Preferred stock beneficial conversion charge
 
 
 
 
(1,727,027)
 
Undeclared cumulative preferred dividends
 
 
(239,388)
 
 
(71,874)
 
Net loss attributable to common stockholders
 
$
(2,664,851)
 
$
(3,183,660)
 
Weighted average shares issued and outstanding-basic and diluted
 
 
6,505,016
 
 
5,004,078
 
Basic and diluted net loss per share attributable to common stockholders
 
$
(0.41)
 
$
(0.64)
 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following table sets forth the number of shares excluded from the computation of diluted loss per share, as their inclusion would have been anti-dilutive:
 
 
 
Six Months Ended September 30,
 
 
 
2015
 
2014
 
Class A convertible preferred stock
 
 
1,136,875
 
 
837,273
 
Class B convertible preferred stock
 
 
1,336,428
 
 
 
Stock options
 
 
456,061
 
 
335,993
 
Warrants
 
 
1,257,635
 
 
428,775
 
 
 
 
4,186,999
 
 
1,602,041