Annual report pursuant to Section 13 and 15(d)

Statements of Changes in Shareholders' Equity (Deficit)

v2.4.0.8
Statements of Changes in Shareholders' Equity (Deficit) (USD $)
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Beginning Balances at Dec. 31, 2011 $ (8,179,318) $ 5,894 $ 32,810,704 $ (40,995,916)
Beginning Balances, Shares at Dec. 31, 2011   5,894,176    
Compensation expense relating to option issuances 229,502    229,502  
Issuance of common stock, net of expenses 27,505,364 21,037 27,484,327  
Issuance of common stock, net of expenses, Shares   21,036,832    
Compensation expense relating to restricted stock, net of tax payments 668,383 457 667,926  
Issuance of warrants 1,939,728    1,939,728  
Compensation expense relating to restricted stock, net of tax payments, Shares   456,822    
Net loss (13,090,446)     (13,090,446)
Compensation expense relating to restricted stock 158,433    158,433  
Forfeiture of restricted common stock    (5) 5  
Forfeiture of restricted common stock, Shares   (5,000)    
Ending Balances at Dec. 31, 2012 9,231,646 27,383 63,290,625 (54,086,362)
Ending Balances, Shares at Dec. 31, 2012 27,382,830 27,382,830    
Issuance of common stock and warrants, net of expenses 19,857,836 7,884 19,849,952  
Issuance of common stock and warrants, net of expenses, Shares   7,884,024    
Compensation expense relating to option issuances 191,202   191,202  
Compensation expense relating to restricted stock, net of tax payments 2,626,705 727 2,625,978  
Compensation expense relating to restricted stock, net of tax payments, Shares   727,090    
Net loss (16,068,754)     (16,068,754)
Ending Balances at Dec. 31, 2013 $ 15,838,635 $ 35,994 $ 85,957,757 $ (70,155,116)
Ending Balances, Shares at Dec. 31, 2013 35,993,944 35,993,944