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CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)
Total
7.5% Series A-1 Convertible Preferred Stock
Preferred Stock
7.5% Series A-1 Convertible Preferred Stock
Preferred Stock
7.5% Series A-2 Convertible Preferred Stock
Preferred Stock
7.5% Series B Convertible Preferred Stock
Common Stock
Common Stock
7.5% Series A-2 Convertible Preferred Stock
Common Stock
7.5% Series B Convertible Preferred Stock
Additional Paid-in Capital
Additional Paid-in Capital
7.5% Series A-1 Convertible Preferred Stock
Additional Paid-in Capital
7.5% Series A-2 Convertible Preferred Stock
Additional Paid-in Capital
7.5% Series B Convertible Preferred Stock
Retained Earnings
BALANCE at Dec. 31, 2010 $ 24,666,005   $ 15 $ 5 $ 24 $ 14,089     $ 139,906,683       $ (115,254,811)
BALANCE, shares at Dec. 31, 2010     21,775 8,382 35,749 21,154,663              
Common stock issued for:                          
Employee and director compensation 980,000         200     979,800        
Employee and director compensation, shares           300,000              
Payment of dividends, shares           1,174,604              
Payment of dividends 0         782     (782)        
Purchase of mineral property, properties, plant and equipment, shares           192,600              
Purchase of mineral property, properties, plant and equipment 430,000         128     429,872        
Services, shares           2,500              
Services 8,125         2     8,123        
Stock-based compensation 203,731               203,731        
Deemed dividend on beneficial conversion 638,276               638,276        
Contingent dividend related to convertible preferred stock (15,954)               (15,954)        
feature related to convertible preferred stock                 (638,276)        
Issuance of convertible preferred stock, shares   862.5 862                    
Issuance of convertible preferred stock   1,931,999 0             1,931,999      
Conversion of convertible preferred stock into common stock 0     (1) (4)   1,749 2,358     (1,748) (2,354)  
Conversion of convertible preferred stock into common stock, shares       (1,710) (5,842)   (2,625,514) (3,540,749)          
Net Loss (11,606,231)                       (11,606,231)
BALANCE at Dec. 31, 2011 16,597,675   15 4 20 19,308     143,439,370       (126,861,042)
BALANCE, shares at Dec. 31, 2011     22,637 6,672 29,907 28,990,630              
Common stock issued for:                          
Public offering, shares           13,325,521              
Public offering 26,549,997         8,875     26,541,122        
Public offering issuance costs (2,858,871)               (2,858,871)        
Vested restricted stock, shares           609,500              
Vested restricted stock 0         406     (406)        
Payment of dividends, shares           2,148,934              
Payment of dividends 0         1,431     (1,431)        
Purchase of properties, plant, and equipment, shares           170,986              
Purchase of properties, plant and equipment 444,700         114     444,586        
Deemed dividend on beneficial conversion 1,242,927               1,242,927        
Contingent dividend related to convertible preferred stock (6,009)               (6,009)        
feature related to convertible preferred stock (1,242,927)               (1,242,927)        
Issuance of convertible preferred stock, shares   862.5 862                    
Issuance of convertible preferred stock 2,466,750   1           2,466,749        
Cashless exercise of warrants and options, shares           122,848              
Cashless exercise of warrants and options 0         82     (82)        
Conversion of convertible preferred stock into common stock 0     0 (1)   1,433 609     (1,433) (608)  
Conversion of convertible preferred stock into common stock, shares       (1,401) (1,508)   (2,152,217) (913,910)          
Payment of long-term debt obligation (in shares)           31,721              
Payment of long-term debt obligation 75,000         21     74,979        
Stock-based compensation 5,887,593               5,887,593        
Net Loss (30,762,273)                       (30,762,273)
BALANCE at Dec. 31, 2012 18,394,562   16 4 19 32,279     175,985,559       (157,623,315)
BALANCE, shares at Dec. 31, 2012     23,499 5,271 28,399 48,466,267              
Common stock issued for:                          
Public offering, shares           9,146,920              
Public offering 18,750,000         6,091     18,743,909        
Public offering issuance costs (459,515)               (459,515)        
Vested restricted stock, shares 1,199,300         1,199,300              
Vested restricted stock 0         799     (799)        
Payment of dividends, shares           2,167,398              
Payment of dividends 0         1,443     (1,443)        
Deemed dividend on beneficial conversion 304,724               304,724        
feature related to convertible preferred stock (304,724)               (304,724)        
Issuance of convertible preferred stock, shares     863                    
Issuance of convertible preferred stock 2,047,575   0           2,047,575        
Conversion of convertible preferred stock into common stock 0     (3) (3)   3,745 1,698     (3,742) (1,695)  
Conversion of convertible preferred stock into common stock, shares       (3,661) (4,206)   (5,623,003) (2,548,908)          
Payment of long-term debt obligation (in shares)           1,037,141              
Payment of long-term debt obligation 1,915,000         691     1,914,309        
Stock-based compensation 943,146               943,146        
Net Loss (21,347,020)                        
BALANCE at Dec. 31, 2013 $ 20,243,748   $ 16 $ 1 $ 16 $ 46,746     $ 199,167,304       $ (178,970,335)
BALANCE, shares at Dec. 31, 2013     24,362 1,610 24,193 70,188,937