Annual report pursuant to Section 13 and 15(d)

Statements of Changes in Shareholders' Equity

v3.3.1.900
Statements of Changes in Shareholders' Equity - USD ($)
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Beginning Balances at Dec. 31, 2013 $ 15,838,635 $ 35,994 $ 85,957,757 $ (70,155,116)
Beginning Balances, Shares at Dec. 31, 2013   35,993,944    
Issuance of common stock and exercise of warrants 102,500 $ 185 102,315  
Issuance of common stock and warrants, Shares   185,000    
Compensation expense relating to option issuances 184,532   184,532  
Net loss (5,789,519)     (5,789,519)
Ending Balances at Dec. 31, 2014 $ 10,336,148 $ 36,179 86,244,604 (75,944,635)
Ending Balances, Shares at Dec. 31, 2014 36,178,944 36,178,944    
Issuance of common stock and exercise of warrants $ 5,071,506 $ 3,480 5,068,026  
Issuance of common stock and warrants, Shares   3,479,596    
Compensation expense relating to option issuances 770,704   770,704  
Issuance of restricted common stock 264,000 $ 200 263,800  
Issuance of restricted common stock, Shares   200,000    
Net loss (11,711,333)     (11,711,333)
Ending Balances at Dec. 31, 2015 $ 4,731,025 $ 39,859 $ 92,347,134 $ (87,655,968)
Ending Balances, Shares at Dec. 31, 2015 39,858,540 39,858,540