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Consolidated Statements of Shareholders' Equity (USD $)
Common Stock Subject To Redemption
Common Stock
Additional Paid-In Capital
Retained Earnings
Total
Beginning Balance at Mar. 05, 2009 $ 0 $ 0 $ 0 $ 0 $ 0
Common stock issued in reverse merger 0 52 (33,957) 0 (33,905)
Common stock issued in reverse merger (shares) 0 524,750 0 0 0
Common stock issued in exchange of debt 0 53 3,249,790 0 3,249,843
Common stock issued in exchange of debt (shares) 0 525,000 0 0 0
Common stock issued in lock-up agreement 172,516 0 0 0 0
Common stock issued in lock-up agreement (shares) 21,250 0 0 0 0
Common stock issued in restructuring 0 125 17,499,500 0 17,499,625
Common stock issued in restructuring (Shares) 0 1,250,000 0 0 0
Common stock issued in attempted acquisition 0 43 5,824,830 0 5,824,873
Common stock issued in attempted acquisition (shares) 0 425,000 0 0 0
Common stock issued for cash 0 3 499,988 0 499,991
Common stock issued for cash (shares) 0 31,250 0 0 0
Restricted stock and performance options issued to employees and directors 0 0 684,778 0 684,778
Warrants issued for financing commitment 0 0 3,329,106 0 3,329,106
Common stock reacquired in attempted acquisition 0 (6) (749,975) 0 (749,981)
Common stock reacquired in attempted acquisition (shares) 0 (62,500) 0 0 0
1:4 Reverse stock split 0 0 808 0 808
Net loss 0 0 0 (29,911,381) (29,911,381)
Ending Balance at Dec. 31, 2009 172,516 269 30,304,868 (29,911,381) 393,756
Ending Balance (shares) at Dec. 31, 2009 21,250 2,693,500 0 0 0
Common stock issued for property acquisitions 0 293 15,786,328 0 15,786,621
Common stock issued for property acquisitions (shares) 0 2,929,167 0 0 0
Common stock issued in connection with financing property acquisitions 0 125 5,249,500 0 5,249,625
Common stock issued in connection with financing property acquisitions (shares) 0 1,250,000 0 0 0
Common stock issued for cash 0 398 14,924,142 0 14,924,540
Common stock issued for cash (shares) 0 3,978,789 0 0 0
Common stock issued for services 0 50 2,256,038 0 2,256,088
Common stock issued for services (shares) 0 502,216 0 0 0
Restricted stock issued to employees and directors 0 223 8,375,327 0 8,375,550
Restricted stock issued to employees and directors (shares) 0 2,235,797 0 0 0
Warrants exercised for cash 0 85 5,120,658 0 5,120,743
Warrants exercised for cash (shares) 0 853,500 0 0 0
Warrants issued for cash, services and fees 0 0 11,712,671 0 11,712,671
Common stock no longer subject to redemption (86,258) 1 86,258 0 86,258
Common stock no longer subject to redemption (shares) (10,625) 10,625 0 0 0
1:4 Reverse stock split 0 0 3,525 0 3,525
Net loss 0 0 0 (19,739,033) (19,739,033)
Ending Balance at Dec. 31, 2010 86,258 1,444 93,819,315 (49,650,414) 44,170,344
Ending Balance (shares) at Dec. 31, 2010 10,625 14,453,593 0 0 0
Common stock issued for property acquisitions 0 228 10,895,665 0 10,895,893
Common stock issued for property acquisitions (shares) 0 2,269,543 0 0 0
Common stock issued for services 0 1 81,996 0 81,997
Common stock issued for services (shares) 0 10,000 0 0 0
Restricted stock issued to employees and directors 0 24 6,161,041 0 6,161,065
Restricted stock issued to employees and directors (shares) 0 238,750 0 0 0
Warrants exercised for cash 0 38 2,129,801 0 2,129,804
Warrants exercised for cash (shares) 0 375,333 0 0 0
Common stock no longer subject to redemption (86,258) 1 86,254 0 86,255
Common stock no longer subject to redemption (shares) (10,625) 10,625 0 0 0
Common stock issued in connection with interest payment of the financing 0 8 559,863 0 559,872
Common stock issued in connection with interest payment of the financing (Shares) 0 78,982 0 0 0
Warrants issued for debt extension 0 0 1,611,797   1,611,832
Warrants issued for debt extension (Shares) 0 0 0 0 0
1:4 Reverse stock split 0 0 387 0 387
Debt conversion expense 0 0 2,800,000 0 2,800,000
Net loss 0 0 0 (18,829,224) (18,829,224)
Ending Balance at Dec. 31, 2011 $ 0 $ 1,744 $ 118,146,119 $ (68,479,638) $ 49,668,225
Ending Balance (shares) at Dec. 31, 2011 0 17,436,825 0 0 0