Annual report pursuant to Section 13 and 15(d)

Statements of Changes in Shareholders' Equity

v3.6.0.2
Statements of Changes in Shareholders' Equity - USD ($)
Total
Common Stock [Member]
Stock Subscription Receivable [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Beginning Balances at Dec. 31, 2014 $ 10,336,148 $ 36,179   $ 86,244,604 $ (75,944,635)
Beginning Balances, Shares at Dec. 31, 2014   36,178,944      
Issuance of common stock and exercise of warrants 5,071,506 $ 3,480   5,068,026  
Issuance of common stock and exercise of 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      
Issuance of common stock and exercise of warrants $ 2,640,147 $ 9,045 $ (2,000,000) 4,631,102  
Issuance of common stock and exercise of warrants, Shares   9,045,679      
Repayment of stock subscription 1,969,437   1,969,437    
Compensation expense relating to option issuances 472,780     472,780  
Compensation expense relating to issuance of restricted shares 14,438 $ 30   14,408  
Compensation expense relating to issuance of restricted shares, shares   30,000      
Issuance of restricted common stock 151,200 $ 180   151,020  
Issuance of restricted common stock, Shares   180,000      
Net loss (7,013,304)       (7,013,304)
Ending Balances at Dec. 31, 2016 $ 2,965,723 $ 49,114 $ (30,563) $ 97,616,444 $ (94,669,272)
Ending Balances, Shares at Dec. 31, 2016 49,114,219 49,114,219