XML 27 R5.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
Total
7.5% Series A-1 Convertible Preferred Stock
7.5% Series A-2 Convertible Preferred Stock
7.5% Series B 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-1 Convertible Preferred 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
Accumulated Deficit
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                
Vested restricted stock 0             $ 799       (799)        
Payment of dividends, shares               2,167,398                
Payment of dividends 0             $ 1,443       (1,443)        
Payment of long-term debt obligation, shares               1,037,141                
Payment of long-term debt obligation 1,915,000             $ 691       1,914,309        
Deemed dividend on beneficial conversion feature related to convertible preferred stock 304,724                     304,724        
Deemed dividend on beneficial conversion 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, shares           (3,661) (4,206)     5,623,003 2,548,908          
Conversion of convertible preferred stock into common stock     $ 0 $ 0   $ (3) $ (3)     $ 3,745 $ 1,698     $ (3,742) $ (1,695)  
Stock-based compensation 943,146                     943,146        
Net Loss (21,347,020)                             (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                
Common stock issued for:                                
Public offering, shares               7,475,000                
Public offering 10,993,282             $ 4,978       10,988,304        
Public offering issuance costs (32,019)                     (32,019)        
Vested restricted stock, shares               1,777,000                
Vested restricted stock 0             $ 1,184       (1,184)        
Payment of dividends, shares               2,254,599                
Payment of dividends 0             $ 1,502       (1,502)        
Purchase of properties, plant, and equipment, shares               728,578                
Purchase of properties, plant and equipment 1,014,957             $ 485       1,014,472        
Payment of long-term debt obligation, shares               137,105                
Payment of long-term debt obligation 274,210             $ 91       274,119        
Effective repurchase of common with issuance of long-term debt obligations, shares               (1,000,000)                
Effective repurchase of common with issuance of long-term debt obligations (783,784)             $ (666)       (783,118)        
Conversion of convertible preferred stock into common stock, shares             (1,517)       919,381          
Conversion of convertible preferred stock into common stock       0     $ (1)       $ 612       (611)  
Stock-based compensation 169,479                     169,479        
Net Loss (9,638,773)                             (9,638,773)
BALANCE at Dec. 31, 2014 22,241,100       $ 16 $ 1 $ 15 $ 54,932       210,795,244       (188,609,108)
BALANCE, shares at Dec. 31, 2014         24,362 1,610 22,676 82,480,600                
Common stock issued for:                                
Public offering, shares               10,169,492                
Public offering 6,000,000             $ 6,773       5,993,227        
Public offering issuance costs (96,393)                     (96,393)        
Vested restricted stock, shares               60,000                
Vested restricted stock $ 0             $ 40       (40)        
Payment of dividends, shares 6,172,020             11,842,085                
Payment of dividends $ 0             $ 7,887       (7,887)        
Purchase of properties, plant, and equipment, shares               1,726,312                
Purchase of properties, plant and equipment 1,024,790             $ 1,150       1,023,640        
Conversion of convertible preferred stock into common stock, shares         (24,362) (1,610) (22,676)   37,422,416 2,473,597 13,743,209          
Conversion of convertible preferred stock into common stock   $ 0 $ 0 $ 0 $ (16) $ (1) $ (15)   $ 24,923 $ 1,647 $ 9,153   $ (24,907) $ (1,646) $ (9,138)  
Stock-based compensation 44,400                   44,400        
Net Loss (10,454,427)                             (10,454,427)
BALANCE at Dec. 31, 2015 $ 18,759,470       $ 0 $ 0 $ 0 $ 106,505       $ 217,716,500       $ (199,063,535)
BALANCE, shares at Dec. 31, 2015         0 0 0 159,917,711