Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Stockholders' Equity (Deficit)

v3.3.1.900
Consolidated Statements of Stockholders' Equity (Deficit) - USD ($)
Total
Common Stock
Series A Preferred Stock
Additional Paid-in Capital
Stock based compensation
Accumulated Deficit
Balance at Dec. 31, 2013 $ (1,906,471) $ 8,271 $ 20,395,977 $ 5,171,093 $ (27,481,812)
Balance (in shares) at Dec. 31, 2013   8,271,168      
Issuance of common stock, and fulfillment of stock subscriptions receivable 5,942,300 $ 5,942 5,936,358
Issuance of common stock, and fulfillment of stock subscriptions receivable (in shares)   5,942,300      
Stock options and warrants exercised Conversion of account payable 931,971 $ 781 $ 931,190
Stock options and warrants exercised Conversion of account payable (in shares)   781,046      
Share based compensation 831,493 $ 831,493
Net loss from operations (6,608,680) $ (6,608,680)
Balance at Dec. 31, 2014 (809,387) $ 14,994 $ 27,263,525 $ 6,002,586 $ (34,090,492)
Balance (in shares) at Dec. 31, 2014   14,994,514      
Issuance of common stock, and fulfillment of stock subscriptions receivable 4,392,603 $ 2,184 4,390,419
Issuance of common stock, and fulfillment of stock subscriptions receivable (in shares)   2,184,236      
Stock options and warrants exercised 133,686 $ 299 380,101 $ (246,714)
Stock options and warrants exercised (in shares)   298,371      
Conversion of account payable 1,524,298 $ 728 1,523,570
Conversion of account payable (in shares)   727,802      
Share based compensation 402,518       $ 402,518  
Net loss from operations (9,426,853)         $ (9,426,853)
Balance at Dec. 31, 2015 $ (3,783,135) $ 18,205 $ 33,557,615 $ 6,158,390 $ (43,517,345)
Balance (in shares) at Dec. 31, 2015   18,204,923