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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2015
Mar. 31, 2015
Current Assets    
Cash and cash equivalents $ 86,000,000 $ 50,142,000
Accounts receivable 132,000 0
Inventory 69,000 66,000
Prepaid expenses and other current assets 795,000 1,054,000
Total current assets 86,996,000 51,262,000
Fixed assets, net 3,381,000 2,042,000
Restricted cash 78,800 78,800
Other assets, net 107,000 106,000
Total assets 90,563,000 53,489,000
Current Liabilities    
Accounts payable 1,030,000 1,387,000
Accrued expenses 1,646,000 2,257,000
Deferred rent 1,088,000 759,000
Deferred revenue 1,433,000 227,000
Capital lease obligation 2,000 5,000
Warrant liabilities 26,000 126,000
Total current liabilities 5,225,000 4,761,000
Deferred revenue, net of current portion 19,000 32,000
Total liabilities 5,244,000 4,793,000
Commitments and Contingencies (Note 4) 0 0
Stockholders’ Equity    
Common stock, $0.001 par value; 150,000,000 shares authorized, 92,426,404 and 81,536,724 shares issued and outstanding at June 30, 2015 and March 31, 2015, respectively 92,000 82,000
Additional paid-in capital 216,013,000 170,909,000
Accumulated deficit (130,786,000) (122,295,000)
Total stockholders’ equity 85,319,000 48,696,000
Total Liabilities and Stockholders’ Equity $ 90,563,000 $ 53,489,000