XML 18 R5.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Changes in Shareholders' Equity - USD ($)
Total
Common stock
Preferred stock
Additional paid-in capital
Accumulated other comprehensive income (loss)
Accumulated deficit
Beginning Balance at Dec. 31, 2013 $ 14,307,456 $ 205,028   $ 34,738,643 $ (1,216,718) $ (19,419,797)
Beginning Balance, shares at Dec. 31, 2013   20,502,760        
Compensation expense related to stock options granted 385,508     385,508    
Net loss (6,500,256)         (6,500,256)
Other comprehensive income 1,217,872       1,217,872  
Ending Balance at Dec. 31, 2014 9,410,580 $ 205,028 35,124,151 1,154 (25,919,753)
Ending Balance, shares at Dec. 31, 2014   20,502,760      
Compensation expense related to stock options granted 303,829 303,829    
Issuance of preferred stock - net of expenses 7,615,577 $ 84 7,615,493    
Issuance of preferred stock - net of expenses, shares     8,425      
Net loss (4,798,519)         (4,798,519)
Other comprehensive income 112,692       112,692  
Ending Balance at Dec. 31, 2015 $ 12,644,159 $ 205,208 $ 84 $ 43,043,473 $ 113,846 $ (30,718,272)
Ending Balance, shares at Dec. 31, 2015   20,502,760 8,425