Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Stockholders’ Equity

v3.3.1.900
Consolidated Statement of Stockholders’ Equity - USD ($)
Common Stock
Additional Paid-In Capital
Other Comprehensive Loss
Deficit Accumulated During the Development Stage
Total
Beginning Balance, Amount at Dec. 31, 2013 $ 11,680 $ 12,024,711 $ (59,795) $ (11,295,922) $ 680,674
Beginning Balance, Shares at Dec. 31, 2013 11,679,757        
Common stock issued for cash, Amount $ 2,835 3,257,497     3,260,332
Common stock issued for cash, Shares 2,834,916        
Common stock issued for debt, Amount $ 77 167,477     167,554
Common stock issued for debt, Shares 77,481        
Direct offering costs   (457,472)     (457,472)
Employee stock options granted for services   767,483     767,483
Common stock issued under deferred contingency rights, Amount $ 99 (99)      
Common stock issued under deferred contingency rights, Shares 99,178        
Warrants formerly derivative liability   3,924,967     3,924,967
Warrants granted for services   282,207     282,207
Other comprehensive income (loss)     (44,037)   (44,037)
Net loss       (8,213,529) (8,213,529)
Ending Balance, Amount at Dec. 31, 2014 $ 14,691 19,966,771 (103,832) (19,509,451) 368,179
Ending Balance, Shares at Dec. 31, 2014 14,691,332        
Common stock issued for cash, Amount $ 4,039 13,414,097     13,418,136
Common stock issued for cash, Shares 4,038,883        
Common stock issued for cashless exercise of stock options, Amount $ 33 (33)      
Common stock issued for cashless exercise of stock options, Shares 33,057        
Direct offering costs   (920,514)     (920,514)
Employee stock options granted for services   1,493,334     1,493,334
Change in derivative liability   1,237,896     1,237,896
Warrants granted for services   (42,131)     (42,131)
Other comprehensive income (loss)     19,661   19,661
Net loss       (9,530,242) (9,530,242)
Ending Balance, Amount at Dec. 31, 2015 $ 18,763 $ 35,149,420 $ (84,171) $ (29,039,693) $ 6,044,319
Ending Balance, Shares at Dec. 31, 2015 18,763,272