Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Shareholders' Equity (Deficit)

v2.4.0.8
Consolidated Statements of Shareholders' Equity (Deficit) (USD $)
Total
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Series A Convertible Preferred Stock
Series B preferred stock
Series B preferred stock
Accumulated Deficit
Series C preferred stock
Series C preferred stock
Accumulated Deficit
Series D preferred stock
Series D preferred stock
Accumulated Deficit
Beginning Balance at Dec. 31, 2010 $ (27,111,328) $ 12,056 $ 9,934,980 $ (38,183,364) $ 1,125,000            
Beginning Balance, Shares at Dec. 31, 2010   1,205,624     2,544,750            
Stock-based compensation 250,044   250,044                
Exercise of stock options 26,480 987 25,493                
Exercise of stock options, Shares 98,700 98,700                  
Stock Grant for Services 75,000 273 74,727                
Stock Grant for Services, Shares   27,275                  
Conversion of preferred stock, debt, and accrued interest into Common Stock and shares exchange in Merger 20,372,955 50,019 21,447,936   (1,125,000)            
Conversion of preferred stock, debt, and accrued interest into Common Stock and shares exchange in Merger, Shares   5,001,854     (2,544,750)            
Preferred Stock dividend payable forfeited 7,076,729   7,076,729                
Warrant Liability forfeited 2,607,510   2,607,510                
Merger Closing 11,847,916 43,050 11,804,866                
Merger Closing, 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 173,736   173,736                
Preferred stock dividends           (292,330) (292,330) (515,577) (515,577) (220,444) (220,444)
Net loss (9,219,220)     (9,219,220)              
Ending Balance at Dec. 31, 2011 6,071,471 110,622 54,391,784 (48,430,935)              
Ending Balance, Shares at Dec. 31, 2011   11,062,188                  
Stock-based compensation 495,077   495,077                
Exercise of stock options 15,652 583 15,069                
Exercise of stock options, Shares 58,341 58,340                  
Stock Grant for Services 21,375 75 21,300                
Stock Grant for Services, Shares   7,500                  
Cancellation of shares (14,999) (54) (14,946)                
Cancellation of shares, Shares   (5,455)                  
Merger Closing (58)   (58)                
Preferred stock dividends                         
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, Shares at Dec. 31, 2012   11,122,573