Annual report pursuant to Section 13 and 15(d)

Statements Of Changes In Shareholders' Equity (Deficit)

v2.4.0.6
Statements Of Changes In Shareholders' Equity (Deficit) (USD $)
Common Stock [Member]
Additional Paid In Capital [Member]
Accumulated Deficit [Member]
Total
Balances at Dec. 31, 2009 $ 5,304 $ 28,146,206 $ (25,511,883) $ 2,639,627
Balances, shares at Dec. 31, 2009 5,304,157      
Exercise of common stock options 3 23,997   24,000
Exercise of common stock options, shares 3,000      
Issuance of common stock, net of expenses 356 2,574,644   2,575,000
Issuance of common stock, net of expenses, shares 356,000      
Compensation expense relating to option issuances   667,222   667,222
Fractional shares cash payments from one for twenty reverse split of common stock (81)      
Net loss     (7,805,165) (7,805,165)
Balances at Dec. 31, 2010 5,663 31,412,069 (33,317,048) (1,899,316)
Balance, shares at Dec. 31, 2010 5,663,076     5,663,076
Compensation expense relating to option issuances   1,140,324   1,140,324
Issuance of restricted common stock , net of expenses 140 (140)    
Issuance of restricted common stock , net of expenses, shares 140,000      
Compensation expense relating to restricted stock   121,893   121,893
Issuance of stock retention awards 94 140,306   140,400
Issuance of stock retention awards, shares 93,600      
Retirement of treasury stock (3) (3,748)   (3,751)
Retirement of treasury stock, shares (2,500)      
Net loss     (7,678,868) (7,678,868)
Balances at Dec. 31, 2011 $ 5,894 $ 32,810,704 $ (40,995,916) $ (8,179,318)
Balance, shares at Dec. 31, 2011 5,894,176     5,894,176