General form of registration statement for all companies including face-amount certificate companies

Consolidated Statement of Cash Flows

v2.4.1.9
Consolidated Statement of Cash Flows (USD $)
 9 Months Ended 12 Months Ended
Feb. 28, 2015
Feb. 28, 2014
May 31, 2014
May 31, 2013
Cash flows from operating activities        
Net loss $ (11,085,087)us-gaap_NetIncomeLoss $ (9,435,541)us-gaap_NetIncomeLoss $ (12,431,413)us-gaap_NetIncomeLoss $ (9,568,301)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used by operating activities:        
Amortization and depreciation 270,197us-gaap_DepreciationAndAmortization 263,692us-gaap_DepreciationAndAmortization 352,429us-gaap_DepreciationAndAmortization 222,684us-gaap_DepreciationAndAmortization
Amortization of debt issuance costs   120,000us-gaap_DebtRelatedCommitmentFeesAndDebtIssuanceCosts 120,000us-gaap_DebtRelatedCommitmentFeesAndDebtIssuanceCosts  
Amortization of discount on convertible debt 1,298,825us-gaap_AmortizationOfFinancingCostsAndDiscounts 3,449,868us-gaap_AmortizationOfFinancingCostsAndDiscounts 3,807,320us-gaap_AmortizationOfFinancingCostsAndDiscounts 1,703,616us-gaap_AmortizationOfFinancingCostsAndDiscounts
Interest expense associated with conversion and exercise inducement 555,628us-gaap_InducedConversionOfConvertibleDebtExpense 193,160us-gaap_InducedConversionOfConvertibleDebtExpense 193,160us-gaap_InducedConversionOfConvertibleDebtExpense  
Amortization of discount on related party notes 203,711us-gaap_InterestExpenseRelatedParty      
Gain on settlement of accounts payable   (111,199)us-gaap_GainLossOnNonRecourseDebt (183,944)us-gaap_GainLossOnNonRecourseDebt (372,759)us-gaap_GainLossOnNonRecourseDebt
Change in fair value of derivative liability (455,970)us-gaap_GainLossOnDerivativeInstrumentsNetPretax      
Stock-based compensation 450,782us-gaap_ShareBasedCompensation 784,337us-gaap_ShareBasedCompensation 928,413us-gaap_ShareBasedCompensation 3,590,011us-gaap_ShareBasedCompensation
Changes in current assets and liabilities:        
Decrease (increase) in prepaid expenses 257,575us-gaap_IncreaseDecreaseInPrepaidExpense (347,914)us-gaap_IncreaseDecreaseInPrepaidExpense (348,972)us-gaap_IncreaseDecreaseInPrepaidExpense (73,867)us-gaap_IncreaseDecreaseInPrepaidExpense
Decrease in other assets       5,744us-gaap_IncreaseDecreaseInOtherOperatingAssets
Increase (decrease) in accounts payable, accrued salaries and severance, accrued interest and accrued liabilities 738,224us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (552,122)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 176,064us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 1,099,939us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Net cash used in operating activities (7,766,115)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (5,635,719)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (7,386,943)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (3,392,933)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:        
Asset acquisition of intangibles       (3,500,000)us-gaap_PaymentsToAcquireIntangibleAssets
Furniture and equipment purchases (16,053)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (11,217)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (19,220)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (3,135)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (16,053)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (11,217)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (19,220)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (3,503,135)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:        
Payments on indebtedness to related parties     (500,000)us-gaap_RepaymentsOfRelatedPartyDebt (74,492)us-gaap_RepaymentsOfRelatedPartyDebt
Proceeds from issuance of convertible notes payable 3,500,000us-gaap_ProceedsFromConvertibleDebt 1,200,000us-gaap_ProceedsFromConvertibleDebt 1,200,000us-gaap_ProceedsFromConvertibleDebt 6,588,250us-gaap_ProceedsFromConvertibleDebt
Proceeds from notes payable related party       500,000us-gaap_ProceedsFromCollectionOfLongtermLoansToRelatedParties
Payment on convertible note payable   (250,000)us-gaap_RepaymentsOfConvertibleDebt (500,000)us-gaap_RepaymentsOfConvertibleDebt  
Proceeds from sale of common stock   13,642,667us-gaap_ProceedsFromIssuanceOfCommonStock 13,642,667us-gaap_ProceedsFromIssuanceOfCommonStock  
Payments of debt issuance costs     (120,000)us-gaap_PaymentsOfDebtIssuanceCosts  
Payments of offering costs   (2,204,063)us-gaap_PaymentsOfFinancingCosts (2,084,063)us-gaap_PaymentsOfFinancingCosts  
Proceeds from exercise of warrants 1,066,436us-gaap_ProceedsFromWarrantExercises 50,000us-gaap_ProceedsFromWarrantExercises 50,000us-gaap_ProceedsFromWarrantExercises 201,000us-gaap_ProceedsFromWarrantExercises
Net cash provided by financing activities 4,566,436us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 12,438,604us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 11,688,604us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 7,214,758us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net change in cash (3,215,732)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 6,791,668us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 4,282,441us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 318,690us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash, beginning of period 4,886,122us-gaap_CashAndCashEquivalentsAtCarryingValue 603,681us-gaap_CashAndCashEquivalentsAtCarryingValue 603,681us-gaap_CashAndCashEquivalentsAtCarryingValue 284,991us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash, end of period 1,670,390us-gaap_CashAndCashEquivalentsAtCarryingValue 7,395,349us-gaap_CashAndCashEquivalentsAtCarryingValue 4,886,122us-gaap_CashAndCashEquivalentsAtCarryingValue 603,681us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid during the period for:        
Income taxes 2,198us-gaap_IncomeTaxesPaid      
Interest 170,934us-gaap_InterestPaid 165,354us-gaap_InterestPaid 311,991us-gaap_InterestPaid 224,724us-gaap_InterestPaid
Non-cash investing and financing transactions:        
Common stock issued for convertible debt     2,459,000us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities 567,000us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
Common stock issued upon conversion of convertible debt 1,175,000us-gaap_DebtConversionConvertedInstrumentAmount1 2,459,000us-gaap_DebtConversionConvertedInstrumentAmount1 2,450,000us-gaap_DebtConversionConvertedInstrumentAmount1 567,000us-gaap_DebtConversionConvertedInstrumentAmount1
Common stock issued or to be issued for accrued interest payable 729us-gaap_StockIssued1 84,905us-gaap_StockIssued1 58,518us-gaap_StockIssued1 4,205us-gaap_StockIssued1
Original issue discount and intrinsic value of beneficial conversion feature related to debt issued with warrants   1,200,000cydy_OriginalIssueDiscountAndIntrinsicValueOfBeneficialConversionFeatureRelatedToDebt 1,200,000cydy_OriginalIssueDiscountAndIntrinsicValueOfBeneficialConversionFeatureRelatedToDebt 6,243,502cydy_OriginalIssueDiscountAndIntrinsicValueOfBeneficialConversionFeatureRelatedToDebt
Common stock issued on payment of accounts payable       80,000cydy_CommonStockIssuedOnPaymentOfAccountsPayable
Preferred and common stock subject to recission liability 25,000cydy_PreferredAndCommonStockSubjectToRescission 158,500cydy_PreferredAndCommonStockSubjectToRescission 158,500cydy_PreferredAndCommonStockSubjectToRescission 3,212,500cydy_PreferredAndCommonStockSubjectToRescission
Amortization of deferred offering costs related to recission liability   28,638cydy_AmortizationOfDeferredOfferingCostsRelatedToRescissionLiability 28,638cydy_AmortizationOfDeferredOfferingCostsRelatedToRescissionLiability 580,398cydy_AmortizationOfDeferredOfferingCostsRelatedToRescissionLiability
Common stock issued for Series B convertible preferred stock       19,000cydy_CommonStockIssuedForSeriesBPreferredStock
Series B convertible preferred stock dividends       2,190us-gaap_ConvertiblePreferredDividendsNetOfTax
Accounts payable extinguished through settlements   76,181cydy_AccountsPayableExtinguishedThroughSettlements 183,944cydy_AccountsPayableExtinguishedThroughSettlements  
Original issue discount related to valuation of compound embedded derivative of convertible note payable issued with anti-dilution feature 1,170,264us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature      
Original issue discount related to valuation of relative fair value of warrants issued with convertible notes payable $ 215,732us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability