Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes in Stockholders' Equity

v3.3.1.900
Consolidated Statements of Changes in Stockholders' Equity - USD ($)
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Receivable From Issuance of Shares [Member]
Accumulated Other Comprehensive Loss [Member]
Accumulated Deficit [Member]
Beginning Balance at Dec. 31, 2013 $ 585,007 $ 11,829 $ 57,608,336 $ (121,801) $ (956,273) $ (55,957,084)
Beginning Balance shares at Dec. 31, 2013   11,828,975        
Net loss (9,849,964)         (9,849,964)
Foreign currency translation adjustment 113,176       113,176  
Beneficial conversion feature 2,236,583   2,236,583      
Series C share conversion 4,380,906 $ 5,009 4,254,096 $ 121,801    
Series C Shares Conversion, shares   5,008,870        
Issuance of series C cash shares net $100,820 in offering costs 7,342,076 $ 5,662 7,336,414      
Issuance of series C cash shares net $100,820 in offering costs,shares   5,662,167        
Issuance of Common Stock net $1,595,832 and $2,568,565 in offering costs for December 31, 2015 and 2014 11,963,188 $ 6,780 11,956,408      
Issuance of Common stock, shares   6,779,510        
Stock based compensation expense 571,382   571,382      
Issuance of warrants $ 664,064   664,064      
Options exercised,shares 0          
Ending Balance at Dec. 31, 2014 $ 18,006,418 $ 29,280 84,627,283   (843,097) (65,807,048)
Ending Balance shares at Dec. 31, 2014   29,279,522        
Net loss (14,058,641)         (14,058,641)
Foreign currency translation adjustment (429,477)       (429,477)  
Issuance of Common Stock net $1,595,832 and $2,568,565 in offering costs for December 31, 2015 and 2014 25,763,960 $ 10,303 25,753,657      
Issuance of Common stock, shares   10,302,736        
Stock based compensation expense 1,164,633   1,164,633      
Issuance of restricted shares 446,400 $ 150 446,250      
Issuance of restricted shares,shares   150,000        
Issuance of consulting shares 225,000 $ 95 224,905      
Issuance of consulting shares,shares   95,765        
Options exercised $ 10,000 $ 5 9,995      
Options exercised,shares 5,000 5,000        
Ending Balance at Dec. 31, 2015 $ 31,128,293 $ 39,833 $ 112,226,723   $ (1,272,574) $ (79,865,689)
Ending Balance shares at Dec. 31, 2015   39,833,023