Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Changes in Stockholder's Equity

v3.3.1.900
Consolidated Statement of Changes in Stockholder's Equity - USD ($)
Common Shares Issued and Outstanding [Member]
Common Stock [Member]
Accumulated Deficit [Member]
Accumulated Comprehensive Loss [Member]
Total
Balance at Dec. 31, 2013 $ 2,167,837 $ 85,843,360 $ (81,721,126) $ 4,122,234
Net loss for the period (3,127,167) (3,142,960)
Dividends paid on Series A Convertible Preferred Stock $ (15,793) (15,793)
Initial public offering, net of offering costs of $1,897,164 $ 2,727,000 $ 13,101,336 13,101,336
Issuance of Non-Qualified Stock Options for Directors & Officers 357,276 357,276
Issuance of Non-Qualified Stock Options for Key Employees 192,324 192,324
Issuance of Restricted Common Stock for Services $ 60,000 $ 196,800 196,800
Unrealized Gains/(Losses) on Marketable Securities $ (20,124) (20,124)
Balance at Dec. 31, 2014 $ 4,954,837 $ 99,691,096 $ (84,864,086) $ (20,124) 14,806,886
Net loss for the period $ (9,311,913) $ (9,311,913)
Dividends paid on Series A Convertible Preferred Stock        
Issuance of Non-Qualified Stock Options for Key Employees $ 23,636 $ 23,636
Issuance of Restricted Common Stock for Services $ 30,000 36,900 36,900
Unrealized Gains/(Losses) on Marketable Securities       $ 13,893 13,893
Issuance of Restricted Common Stock for Directors & Officers 417,708 977,381 977,381
Issuance of Restricted Common Stock for key Employees $ 22,500 27,675 27,675
Issuance of Non-Qualified Stock Options for services from non-employees $ 28,720 28,720
Unrealized gain on marketable securities $ 13,893 13,893
Balance at Dec. 31, 2015 $ 5,425,045 $ 100,785,408 $ (94,175,999) $ (6,231) $ 6,603,178