Annual report pursuant to section 13 and 15(d)

Statement of Changes In Stockholders' Equity

v2.4.0.8
Statement of Changes In Stockholders' Equity (USD $)
Common Stock [Member]
Preferred Series A [Member]
Preferred Series B [Member]
Additional Paid-In Capital [Member]
Accumulated Deficit [Member]
Total
Balance at Mar. 22, 2006                  
Balance, shares at Mar. 22, 2006             
Issuance of common stock 9,447     1,571,787   1,581,234
Issuance of common stock, shares 9,447,100          
Issuance of Series A Preferred stock   40,118   6,674,742   6,714,860
Issuance of Series A Preferred stock, shares   40,118,013        
Stock based compensation       771,460   771,460
Stock option exercise 7     297   304
Stock option exercise, shares 6,842          
Net loss         (4,104,289) (4,104,289)
Balance at Dec. 31, 2006 9,454 40,118   9,018,286 (4,104,289) 4,963,569
Balance, shares at Dec. 31, 2006 9,453,942 40,118,013        
Stock based compensation       319,019   319,019
Stock option exercise 20     1,380   1,400
Stock option exercise, shares 20,000          
Issuance of Series B preferred stock     8,236 3,697,817   3,706,053
Issuance of Series B preferred stock, shares     8,235,868      
Issuance of Series B Preferred stock warrants       255,398   255,398
Net loss         (7,908,993) (7,908,993)
Balance at Dec. 31, 2007 9,474 40,118 8,236 13,291,900 (12,013,282) 1,336,446
Balance, shares at Dec. 31, 2007 9,773,942 40,118,013 8,235,868      
Stock based compensation       138,868   138,868
Stock option exercise 14     986   1,000
Stock option exercise, shares 14,285          
Issuance of Series B preferred stock     5,997 2,692,488   2,698,485
Issuance of Series B preferred stock, shares     5,996,624      
Issuance of Series B Preferred stock warrants       122,436   122,436
Net loss         (6,700,148) (6,700,148)
Balance at Dec. 31, 2008 9,488 40,118 14,233 16,246,678 (18,713,430) (2,402,913)
Balance, shares at Dec. 31, 2008 9,488,227 40,118,013 14,232,492      
Stock based compensation       165,949   165,949
Issuance of Series B Preferred stock warrants       508,672   508,672
Conversions of notes payable and accrued interest     16,553 742,337   743,990
Conversions of notes payable and accrued interest, shares     1,653,310      
Net loss         (1,451,711) (1,451,711)
Balance at Dec. 31, 2009 9,488 40,118 15,886 17,663,636 (20,165,141) (2,436,013)
Balance, shares at Dec. 31, 2009 9,488,227 40,118,013 15,885,802      
Stock based compensation       123,809   123,809
Issuance of Series B Preferred stock warrants       268,555   268,555
Issuance and conversion of mandatorily convertible notes     3,401 826,863   830,264
Issuance and conversion of mandatorily convertible notes, shares     3,401,329      
Issuance of mandatorily convertible notes       258,652   258,652
Net loss         (3,948,021) (3,948,021)
Balance at Dec. 31, 2010 9,488 40,118 19,287 19,141,515 (24,113,162) (4,902,754)
Balance, shares at Dec. 31, 2010 9,488,227 40,118,013 19,287,131      
Stock based compensation       46,840   46,840
Issuance of Series B preferred stock     339 152,140   152,479
Issuance of Series B preferred stock, shares     338,843      
Issuance of Series B Preferred stock warrants       359,882   359,882
Issuance and conversion of mandatorily convertible notes     611 15,908   16,519
Issuance and conversion of mandatorily convertible notes, shares     611,485      
Net loss         (1,879,940) (1,879,940)
Balance at Dec. 31, 2011 9,488 40,118 20,237 19,716,285 (25,993,102) (6,206,974)
Balance, shares at Dec. 31, 2011 9,488,227 40,118,013 20,237,459      
Stock based compensation       23,645   23,645
Stock option exercise, shares             
Issuance of Series B Preferred stock warrants       141,895   141,895
Net loss         (2,543,390) (2,543,390)
Balance at Dec. 31, 2012 9,488 40,118 20,237 19,884,825 (28,536,492) (8,584,824)
Balance, shares at Dec. 31, 2012 9,488,227 40,118,013 20,237,459      
Stock based compensation       9,877   9,877
Stock option exercise, shares             
Net loss         (4,361,165) (4,361,165)
Balance at Dec. 31, 2013 $ 9,488 $ 40,118 $ 20,237 $ 19,891,702 $ (32,897,657) $ (12,936,112)
Balance, shares at Dec. 31, 2013 9,488,227 40,118,013 20,237,459