Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows

v2.4.1.9
Consolidated Statement of Cash Flows (USD $)
 9 Months Ended
Feb. 28, 2015
Feb. 28, 2014
Cash flows from operating activities:    
Net loss $ (11,085,087)us-gaap_NetIncomeLoss $ (9,435,541)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
Amortization of debt issuance costs   120,000us-gaap_DebtRelatedCommitmentFeesAndDebtIssuanceCosts
Amortization of discount on convertible notes 1,298,825us-gaap_AmortizationOfFinancingCostsAndDiscounts 3,449,868us-gaap_AmortizationOfFinancingCostsAndDiscounts
Amortization of discount on related party notes 203,711us-gaap_InterestExpenseRelatedParty  
Gain on settlement of accounts payable   (111,199)us-gaap_GainLossOnNonRecourseDebt
Change in fair value of derivative liability (455,970)us-gaap_GainLossOnDerivativeInstrumentsNetPretax  
Interest expense associated with conversion and exercise inducement 555,628us-gaap_InducedConversionOfConvertibleDebtExpense 193,160us-gaap_InducedConversionOfConvertibleDebtExpense
Stock-based compensation 450,782us-gaap_ShareBasedCompensation 784,337us-gaap_ShareBasedCompensation
Changes in current assets and liabilities:    
Decrease (increase) in prepaid expenses 257,575us-gaap_IncreaseDecreaseInPrepaidExpense (347,914)us-gaap_IncreaseDecreaseInPrepaidExpense
Increase (decrease) in accounts payable, accrued salaries and severance, accrued interest and accrued liabilities 738,224us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (552,122)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Net cash used in operating activities (7,766,115)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (5,635,719)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:    
Furniture and equipment purchases (16,053)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (11,217)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (16,053)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (11,217)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Proceeds from issuance of convertible notes payable 3,500,000us-gaap_ProceedsFromConvertibleDebt 1,200,000us-gaap_ProceedsFromConvertibleDebt
Payment on convertible note payable   (250,000)us-gaap_RepaymentsOfConvertibleDebt
Proceeds from sale of common stock   13,642,667us-gaap_ProceedsFromIssuanceOfCommonStock
Payments of offering costs   (2,204,063)us-gaap_PaymentsOfFinancingCosts
Proceeds from exercise of warrants 1,066,436us-gaap_ProceedsFromWarrantExercises 50,000us-gaap_ProceedsFromWarrantExercises
Net cash provided by financing activities 4,566,436us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 12,438,604us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net change in cash (3,215,732)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 6,791,668us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash, beginning of period 4,886,122us-gaap_CashAndCashEquivalentsAtCarryingValue 603,681us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash, end of period 1,670,390us-gaap_CashAndCashEquivalentsAtCarryingValue 7,395,349us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid during the period for:    
Income taxes 2,198us-gaap_IncomeTaxesPaid  
Interest 170,934us-gaap_InterestPaid 165,354us-gaap_InterestPaid
Non-cash investing and financing transactions:    
Common stock issued upon conversion of convertible debt 1,175,000us-gaap_DebtConversionConvertedInstrumentAmount1 2,459,000us-gaap_DebtConversionConvertedInstrumentAmount1
Common stock issued or to be issued for accrued interest payable 729us-gaap_StockIssued1 84,905us-gaap_StockIssued1
Original issue discount and intrinsic value of beneficial conversion feature related to debt issued with warrants   1,200,000cydy_OriginalIssueDiscountAndIntrinsicValueOfBeneficialConversionFeatureRelatedToDebt
Preferred and common stock subject to recission liability 25,000cydy_PreferredAndCommonStockSubjectToRescission 158,500cydy_PreferredAndCommonStockSubjectToRescission
Amortization of deferred offering costs related to recission liability   28,638cydy_AmortizationOfDeferredOfferingCostsRelatedToRescissionLiability
Accounts payable extinguished through settlements   76,181cydy_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