Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)

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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (USD $)
Total
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Beginning Balance at Dec. 31, 2011 $ 6,071,471 $ 110,622 $ 54,391,784 $ (48,430,935)
Beginning Balance (in shares) at Dec. 31, 2011   11,062,188    
Increase (Decrease) in Stockholders' Equity        
Stock-based compensation 495,077   495,077  
Exercise of stock options 15,652 583 15,069  
Exercise of stock options (in shares)   58,340    
Stock Grant for Services 21,375 75 21,300  
Stock Grant for Services (in shares)   7,500    
Cancellation of shares (14,999) (54) (14,946)  
Cancellation of shares (in shares)   (5,455)    
Merger Closing - Fractional shares (58)   (58)  
Net loss (9,417,958)     (9,417,958)
Ending Balance at Dec. 31, 2012 (2,829,441) 111,226 54,908,226 (57,848,893)
Ending Balance (in shares) at Dec. 31, 2012 11,122,573 11,122,573    
Increase (Decrease) in Stockholders' Equity        
Stock-based compensation 671,887   671,887  
Exercise of stock options 73,326 326 73,000  
Exercise of stock options (in shares)   32,656    
Issuance of common shares 16,777,746 61,843 16,715,903  
Issuance of common shares (in shares)   6,184,332    
Net loss (14,556,885)     (14,556,885)
Ending Balance at Dec. 31, 2013 $ 136,633 $ 173,395 $ 72,369,016 $ (72,405,778)
Ending Balance (in shares) at Dec. 31, 2013 17,339,561 17,339,561