Restatement of Consolidated Financial Statements (Tables)

12 Months Ended

Dec. 31, 2012

Restatement Of Consolidated Financial Statements Tables

Impact of the Restatement

Impact of the Restatement

	Three Months Ended March 31, 2012
	As Previously						As
Statement of Operations Data (Unaudited):	Reported*			Adjustment			Restated
Selling, general and administrative expense	$	(674,856	)	$	(17,636	)	$	(692,492	)
Loss from operations	$	(1,046,259	)	$	(17,636	)	$	(1,063,895	)
Other Income from Change in Fair Value of Warrants	$	-		$	339,308		$	339,308
Loss from continuing operations	$	(1,045,237	)	$	321,672		$	(723,565	)
Net loss	$	(1,155,955	)	$	321,672		$	(834,283	)
Net loss per share, basic and diluted	$	(6.21	)	$	1.73		$	(4.48	)

	Three Months Ended June 30, 2012
	As Previously					As
Statement of Operations Data (Unaudited):	Reported*			Adjustment		Restated
Selling, general and administrative expense	$	(530,691	)	$	-	$	(530,691	)
Loss from operations	$	(668,940	)	$	-	$	(668,940	)
Other Income from Change in Fair Value of Warrants	$	-		$	342,884	$	342,884
Loss from continuing operations	$	(668,018	)	$	342,884	$	(325,134	)
Net loss	$	(747,575	)	$	342,884	$	(404,691	)
Net loss per share, basic and diluted	$	(3.59	)	$	1.64	$	(1.95	)

	Three Months Ended September 30, 2012
	As Previously					As
Statement of Operations Data (Unaudited):	Reported*			Adjustment		Restated
Selling, general and administrative expense	$	(542,538	)	$	-	$	(542,538	)
Loss from operations	$	(633,645	)	$	-	$	(633,645	)
Other Income from Change in Fair Value of Warrants	$	-		$	58,413	$	58,413
Loss from continuing operations	$	(632,815	)	$	58,413	$	(574,402	)
Net loss	$	(765,963	)	$	58,413	$	(707,550	)
Net loss per share, basic and diluted	$	(3.69	)	$	0.29	$	(3.40	)

* As retroactively adjusted for the 2012 reverse stock split and the 2012 discontinued operations

Impact of the Restatement

	Three Months Ended March 31, 2011
	As Previously						As
Statement of Operations Data (Unaudited):	Reported*			Adjustment			Restated
Selling, general and administrative expense	$	(737,680	)	$	(126,304	)	$	(863,984	)
Loss from operations	$	(1,093,183	)	$	(126,304	)	$	(1,219,487	)
Other Income from Change in Fair Value of Warrants	$	-		$	1,542,051		$	1,542,051
(Loss) income from continuing operations	$	(216,819	)	$	1,415,747		$	1,198,928
Net (loss) income	$	(235,336	)	$	1,415,747		$	1,180,411
Net (loss) income per share, basic and diluted	$	(1.92	)	$	11.56		$	9.64

	Three Months Ended June 30, 2011
	As Previously						As
Statement of Operations Data (Unaudited):	Reported*			Adjustment			Restated
Selling, general and administrative expense	$	(525,572	)	$	(-	)	$	(525,572	)
Loss from operations	$	(930,071	)	$	-		$	(930,071	)
Other Income from Change in Fair Value of Warrants	$	-		$	898,446		$	898,446
Loss from continuing operations	$	(920,828	)	$	898,446		$	(22,382	)
Net loss	$	(1,013,739	)	$	898,446		$	(115,293	)
Net loss per share, basic and diluted	$	(7.91	)	$	7.01		$	(0.90	)

	Three Months Ended September 30, 2011
	As Previously						As
Statement of Operations Data (Unaudited):	Reported*			Adjustment			Restated
Selling, general and administrative expense	$	(417,260	)	$	(-	)	$	(417,260	)
Loss from operations	$	(788,587	)	$	-		$	(788,587	)
Other Income from Change in Fair Value of Warrants	$	-		$	134,827		$	134,827
Loss from continuing operations	$	(787,992	)	$	134,827		$	(653,165	)
Net loss	$	(913,318	)	$	134,827		$	(778,491	)
Net loss per share, basic and diluted	$	(7.13	)	$	1.05		$	(6.08	)

* As retroactively adjusted for the 2012 reverse stock split and the 2012 discontinued operations

Impact of the Restatement

	Year Ended December 31, 2011
	As Previously						As
Statement of Operations Data:	Reported*			Adjustment			Restated
Selling, general and administrative expense	$	(2,317,403	)	$	(230,604	)	$	(2,548,007	)
Loss from operations	$	(3,963,342	)	$	(230,604	)	$	(4,193,946	)
Other Income from Change in Fair Value of Warrants	$	-		$	3,716,812		$	3,716,812
Loss on issuance of warrants	$	-		$	(4,983	)	$	(4,983	)
Income (loss) from continuing operations	$	(3,078,111	)	$	3,481,225		$	403,114
Net (loss) income	$	(3,461,640	)	$	3,481,225		$	19,585
Net (loss) income per share, basic	$	(26.37	)	$	26.52		$	0.15
Net (loss) income per share, diluted	$	(26.37	)	$	21.23		$	(5.14	)

	Year Ended December 31, 2010
	As Previously						As
Statement of Operations Data:	Reported*			Adjustment			Restated
Selling, general and administrative expense	$	(3,175,350	)	$	(165,365	)	$	(3,340,715	)
Loss from operations	$	(8,006,738	)	$	(165,365	)	$	(8,172,103	)
Other Income from Change in Fair Value of Warrants	$	-		$	1,556,161		$	1,556,161
Loss from continuing operations	$	(7,731,521	)	$	1,390,796		$	(6,340,725	)
Net loss	$	(7,736,242	)	$	1,390,796		$	(6,345,446	)
Net loss per share, basic and diluted	$	(85.67	)	$	15.40		$	(70.27	)

	Year Ended December 31, 2009
	As Previously						As
Statement of Operations Data:	Reported			Adjustment			Restated
Selling, general and administrative expense	$	(3,055,473	)	$	(136,752	)	$	(3,192,225	)
Loss from operations	$	(9,877,082	)	$	(136,752	)	$	(10,013,834	)
Other Income from Change in Fair Value of Warrants	$	-		$	957,422		$	957,422
Loss from continuing operations	$	(9,839,436	)	$	820,670		$	(9,018,766	)
Net loss	$	(9,148,631	)	$	820,670		$	(8,327,961	)
Net loss per share, basic and diluted	$	(124.36	)	$	11.16		$	(113.20	)

* As retroactively adjusted for the 2012 reverse stock split and the 2012 discontinued operations

Impact of the Restatement

	As of March 31, 2012
	As Previously					As
Balance Sheet Data (Unaudited):	Reported*		Adjustment			Restated
Total liabilities	$	639,097	$	791,601		$	1,430,698
Paid-in capital in excess of par value	$	43,394,988	$	(6,805,964	)	$	36,589,024
Accumulated deficit	$	38,302,840	$	(6,014,363	)	$	32,288,477
Total stockholders' equity	$	4,627,383	$	(791,601	)	$	3,835,782

	As of June 30, 2012
	As Previously					As
Balance Sheet Data (Unaudited):	Reported*		Adjustment			Restated
Total liabilities	$	679,960	$	448,717		$	1,128,677
Paid-in capital in excess of par value	$	43,401,195	$	(6,805,964	)	$	36,595,231
Accumulated deficit	$	39,050,415	$	(6,357,247	)	$	32,693,168
Total stockholders' equity	$	3,886,015	$	(448,717	)	$	3,437,298

	As of September 30, 2012
	As Previously					As
Balance Sheet Data (Unaudited):	Reported*		Adjustment			Restated
Total liabilities	$	793,960	$	389,913		$	1,183,873
Paid-in capital in excess of par value	$	43,420,333	$	(6,805,964	)	$	36,614,369
Accumulated deficit	$	39,816,415	$	(6,415,697	)	$	33,400,718
Total stockholders' equity	$	3,139,190	$	(390,304	)	$	2,748,886

* As retroactively adjusted for the 2012 reverse stock split

Impact of the Restatement

	As of March 31, 2011
	As Previously					As
Balance Sheet Data (Unaudited):	Reported*		Adjustment			Restated
Total liabilities	$	818,816	$	1,826,897		$	2,645,713
Paid-in capital in excess of par value	$	41,135,829	$	(5,454,110	)	$	35,681,719
Accumulated deficit	$	33,920,581	$	(3,627,213	)	$	30,293,368
Total stockholders' equity	$	6,750,475	$	(1,826,897	)	$	4,923,578

	As of June 30, 2011
	As Previously					As
Balance Sheet Data (Unaudited):	Reported*		Adjustment			Restated
Total liabilities	$	741,041	$	928,451		$	1,669,492
Paid-in capital in excess of par value	$	41,135,586	$	(5,454,110	)	$	35,681,476
Accumulated deficit	$	34,934,320	$	(4,525,659	)	$	30,408,661
Total stockholders' equity	$	5,736,493	$	(928,451	)	$	4,808,042

	As of September 30, 2011
	As Previously					As
Balance Sheet Data (Unaudited):	Reported*		Adjustment			Restated
Total liabilities	$	807,153	$	793,624		$	1,600,777
Paid-in capital in excess of par value	$	41,135,586	$	(5,454,110	)	$	35,681,476
Accumulated deficit	$	35,847,638	$	(4,660,486	)	$	31,187,152
Total stockholders' equity	$	4,823,175	$	(793,624	)	$	4,029,551

	As of December 31, 2011
	As Previously					As
Balance Sheet Data:	Reported*		Adjustment			Restated
Total liabilities	$	940,357	$	916,621		$	1,856,978
Paid-in capital in excess of par value	$	42,326,320	$	(6,609,312	)	$	35,717,008
Accumulated deficit	$	37,146,885	$	(5,692,691	)	$	31,454,194
Total stockholders' equity	$	4,714,665	$	(916,621	)	$	3,798,044

* As retroactively adjusted for the 2012 reverse stock split

Impact of the Restatement

	As of December 31, 2010
	As Previously					As
Balance Sheet Data (Unaudited):	Reported*		Adjustment			Restated
Total liabilities	$	2,576,853	$	1,841,826		$	4,418,679
Paid-in capital in excess of par value	$	38,590,239	$	(4,053,292	)	$	34,536,947
Accumulated deficit	$	33,685,245	$	(2,211,466	)	$	31,473,779
Total stockholders' equity	$	4,440,219	$	(1,841,826	)	$	2,598,393

	As of December 31, 2009
	As Previously					As
Balance Sheet Data (Unaudited):	Reported*		Adjustment			Restated
Total liabilities	$	2,883,432	$	1,128,278		$	4,969,132
Paid-in capital in excess of par value	$	33,685,656	$	(1,948,948	)	$	31,736,708
Accumulated deficit	$	25,949,003	$	(820,670	)	$	25,128,333
Total stockholders' equity	$	7,271,876	$	(1,128,278	)	$	6,143,598

* As retroactively adjusted for the 2012 and 2011 reverse stock splits