Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes in Stockholders' Equity

v3.7.0.1
Consolidated Statements of Changes in Stockholders' Equity - USD ($)
Total
Convertible Series A Preferred Shares [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Other Comprehensive Loss [Member]
Accumulated Deficit [Member]
Beginning Balance at Dec. 31, 2014 $ 18,006,418   $ 29,280 $ 84,627,283 $ (843,097) $ (65,807,048)
Beginning 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)  
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      
Issuance of Common and Preferred stock, net offering costs 25,763,960   $ 10,303 25,753,657    
Issuance of Common and Preferred stock, net offering costs, shares     10,302,736      
Options exercised 10,000   $ 5 9,995    
Options exercised,shares     5,000      
Ending Balance at Dec. 31, 2015 31,128,293   $ 39,833 112,226,722 (1,272,574) (79,865,689)
Ending Balance shares at Dec. 31, 2015     39,833,023      
Net loss (22,799,164)         (22,799,164)
Foreign currency translation adjustment (228,878)       (228,878)  
Stock based compensation expense 1,905,256     1,905,256    
Issuance of Common and Preferred stock, net offering costs 15,221,021 $ 5 $ 3,226 15,217,790    
Issuance of Common and Preferred stock, net offering costs, shares   4,963 3,225,804      
Ending Balance at Dec. 31, 2016 $ 25,226,527 $ 5 $ 43,059 $ 129,349,768 $ (1,501,452) $ (102,664,853)
Ending Balance shares at Dec. 31, 2016   4,963 43,058,827