Axogen, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Shareholders' Equity

Consolidated Statements of Shareholders' Equity (USD $)	Total	Series A preferred stock	Series B preferred stock	Series C preferred stock	Series D preferred stock	Common Stock	Common Stock Series B preferred stock	Common Stock Series C preferred stock	Common Stock Series D preferred stock	Additional Paid-in Capital	Additional Paid-in Capital Series B preferred stock	Additional Paid-in Capital Series C preferred stock	Additional Paid-in Capital Series D preferred stock	Accumulated Deficit	Accumulated Deficit Series B preferred stock	Accumulated Deficit Series C preferred stock	Accumulated Deficit Series D preferred stock
Balance at Dec. 31, 2009	$ (28,641,460)	$ 1,125,000				$ 3,892				$ 1,423,489				$ (31,193,841)
Balance, shares at Dec. 31, 2009		2,544,750				389,186
Stock-based compensation	187,458									187,458
Exercise of stock options	3,923					146				3,777
Exercise of stock options, shares						14,625
Conversion of preferred stock			3,250,000	4,000,000	1,078,274		2,633	2,030	3,355		3,247,367	3,997,970	1,074,919
Conversion of preferred stock, shares							263,344	202,986	335,483
Preferred stock dividend			(483,725)	(784,655)	(297,982)										(483,725)	(784,655)	(297,982)
Net loss	(5,423,161)													(5,423,161)
Balance at Dec. 31, 2010	(27,111,328)	1,125,000				12,056				9,934,980				(38,183,364)
Balance, shares at Dec. 31, 2010		2,544,750				1,205,624
Stock-based compensation	250,044									250,044
Exercise of stock options	26,480					987				25,493
Exercise of stock options, shares						98,700
Directors stock compensation	75,000					273				74,727
Directors stock compensation, shares						27,275
Conversion of preferred stock, debt, and accrued interest into Common Stock and shares exchange in Merger	20,372,955	(1,125,000)				50,019				21,447,936
Conversion of preferred stock, debt, and accrued interest into Common Stock and shares exchange in Merger, shares		(2,544,750)				(5,001,854)
Preferred stock dividend			(292,330)	(515,577)	(220,444)										(292,330)	(515,577)	(220,444)
Preferred Stock dividend payable forfeited	7,076,729									7,076,729
Warrant Liability forfeited	2,607,510									2,607,510
LecTec shares in connection with Merger	11,847,916					43,050				11,804,866
LecTec shares in connection with Merger, shares						4,305,026
Issuance of common stock	1,000,000					4,237				995,763
Issuance of common stock, shares						423,709
Issuance of warrants - MidCap loan	173,736									173,736
Net loss	(9,219,220)													(9,219,220)
Balance at Dec. 31, 2011	$ 6,071,471	$ 0				$ 110,622				$ 54,391,784				$ (48,430,935)
Balance, shares at Dec. 31, 2011		0				11,062,188