XML 32 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (USD $)
Common Stock [Member]
Additional Paid-In Capital [Member]
Retained Earnings [Member]
Total
Balance at Dec. 31, 2001 $ 0 $ 0 $ 0 $ 0
Balance (in shares) at Dec. 31, 2001 0      
Issuance of common stock 9/1/02, $.0167 (1) [1] 5,985 4,015 0 10,000
Issuance of common stock 9/1/02, $.0167 (1) (in shares) [1] 598,549      
Issuance of common stock, new issues 30 4,970   5,000
Issuance of common stock, new issues (in shares) 2,993      
Net income (loss) available to common shareholders     (51,057) (51,057)
Balance at Dec. 31, 2002 6,015 8,985 (51,057) (36,057)
Balance (in shares) at Dec. 31, 2002 601,542      
Issuance of common stock 2/12/03, $.0167 and 12/14/05, $.0167 [2] 239 161   400
Issuance of common stock 2/12/03, $.0167 and 12/14/05, $.0167 (in shares) [2] 23,942      
Issuance of common 6/11 and 12,$1.67 (3) [3] 216 34,784   35,000
Issuance of common 6/11 and 12,$1.67 (3) (in shares) [3] 21,548      
Net income (loss) available to common shareholders     (90,461) (90,461)
Balance at Dec. 31, 2003 6,470 43,930 (141,518) (91,118)
Balance (in shares) at Dec. 31, 2003 647,032      
Issuance of common 5/25/04, $.0167 (4) [4] 66 44   110
Issuance of common 5/25/04, $.0167 (4) (in shares) [4] 6,567      
Net income (loss) available to common shareholders     (90,353) (90,353)
Balance at Dec. 31, 2004 6,536 43,974 (231,871) (181,361)
Balance (in shares) at Dec. 31, 2004 653,599      
Issuance of common stock 2/12/03, $.0167 and 12/14/05, $.0167 [5] 150 100   250
Issuance of common stock 2/12/03, $.0167 and 12/14/05, $.0167 (in shares) [5] 14,964      
Vested stock options and warrants   2,793   2,793
Net income (loss) available to common shareholders     (123,852) (123,852)
Balance at Dec. 31, 2005 6,686 46,867 (355,723) (302,170)
Balance (in shares) at Dec. 31, 2005 668,563      
Issuance of common 5/16 and 8/8, $.0167 (6) [6] 869 582   1,451
Issuance of common 5/16 and 8/8, $.0167 (6) (in shares) [6] 86,869      
Issuance of common 10/19 and 23, $.0167 (7) [7] 389 261   650
Issuance of common 10/19 and 23, $.0167 (7) (in shares) [7] 38,906      
Issuance of common 12/01, $1.67 (8) [8] 287 44,523   44,810
Issuance of common 12/01, $1.67 (8) (in shares) [8] 28,739      
Vested stock options and warrants   13,644   13,644
Net income (loss) available to common shareholders     (273,026) (273,026)
Balance at Dec. 31, 2006 8,231 105,877 (628,749) (514,641)
Balance (in shares) at Dec. 31, 2006 823,077      
Vested stock options and warrants   73,907   73,907
Capital contributions resulting from waivers of debt   346,714   346,714
Issuance of common stock, conversion of convertible securities [9] 6 994   1,000
Issuance of common stock, conversion of convertible securities (in shares) [9] 599      
Value of equity instruments issued with debt   132,938   132,938
Net income (loss) available to common shareholders     (752,415) (752,415)
Balance at Dec. 31, 2007 8,237 660,430 (1,381,164) (712,497)
Balance (in shares) at Dec. 31, 2007 823,676      
Issuance of common stock, new issues [10] 45,528 1,547,974   1,593,502
Issuance of common stock, new issues (in shares) [10] 4,552,862      
Shares issued to finders, agents 20,127 (20,127)   0
Shares issued to finders, agents (in shares) 2,012,690      
Shares issued to pay direct legal fees 2,857 (2,857)    
Shares issued to pay direct legal fees (in shares) 285,714      
Issuance of common due to antidilution provisions 2,059 (2,059)   0
Issuance of common due to antidilution provisions (in shares) 205,899      
Shares issued to pay investor relations services 6/23/08, $.35 2,500 85,000   87,500
Shares issued to pay investor relations services 6/23/08, $.35 (in shares) 250,000      
Vested stock options and warrants   354,994   354,994
Capital contributions resulting from waivers of debt   129,684   129,684
Net income (loss) available to common shareholders     (1,762,628) (1,762,628)
Balance at Dec. 31, 2008 81,308 2,753,039 (3,143,792) (309,445)
Balance (in shares) at Dec. 31, 2008 8,130,841      
Issuance of common stock, new issues 1,250 (1,250)   0
Issuance of common stock, new issues (in shares) 125,000      
Shares issued to finders, agents 1,000 49,000   50,000
Shares issued to finders, agents (in shares) 100,000      
Cumulative effect of adoption of EITF 07-5   (486,564) 6,654 (479,910)
Vested stock options and warrants   111,835   111,835
Shares issued under PMM in April 2009, $.50 7,000 343,000   350,000
Shares issued under PMM in April 2009, $.50 (in shares) 700,000      
Shares issued under PPM in May 2009, $.50 2,200 107,800   110,000
Shares issued under PPM in May 2009, $.50 (in shares) 220,000      
Shares issued under PPM in June 2009, $.50 500 24,500   25,000
Shares issued under PPM in June 2009, $.50 (in shares) 50,000      
Shares issued under PPM in August 2009, $.50 800 39,200   40,000
Shares issued under PPM in August 2009, $.50 (in shares) 80,000      
Shares issued under PPM in September 2009, $.50 1,500 73,500   75,000
Shares issued under PPM in September 2009, $.50 (in shares) 150,000      
Shares issued to directors, management and consultant in August 2009, $.50 7,978 390,927   398,905
Shares issued to directors, management and consultant in August 2009, $.50 (in shares) 797,810      
Capital contributions resulting from waivers of debt   84,600   84,600
Value of equity-linked financial instruments issued in connection with PPMs   (222,296)   (222,296)
Shares issued to consultant for fund raising 300 (300)   0
Shares issued to consultant for fund raising (in shares) 30,000      
Shares issued under PPM in November 2009, $.50 500 24,500   25,000
Shares issued under PPM in November 2009, $.50 (in shares) 50,000      
Shares issued upon conversion of debt and interest, $.27 9,354 247,100   256,454
Shares issued upon conversion of debt and interest, $.27 (in shares) 935,446      
Issuance of common stock, conversion of convertible securities 140 4,766   4,906
Issuance of common stock, conversion of convertible securities (in shares) 14,024      
Value of equity instruments issued with debt   30,150   30,150
Net income (loss) available to common shareholders     (2,892,230) (2,892,230)
Balance at Dec. 31, 2009 113,830 3,573,507 (6,029,368) (2,342,030)
Balance (in shares) at Dec. 31, 2009 11,383,121      
Vested stock options and warrants   11,382   11,382
Shares issued in March 2010 under PPM, $.50 1,746 85,529   87,275
Shares issued in March 2010 under PPM, $.50 (in shares) 174,550      
Shares issued to consultants for IR and consulting, $.50 3,741 183,304   187,045
Shares issued to consultants for IR and consulting, $.50 (in shares) 374,090      
Value of equity instruments issued for consulting services   354,602   354,602
Value of equity-linked financial instruments issued in connection with PPM in first quarter   (25,553)   (25,553)
Shares issued in April 2010 under PPM, $.50 1,800 88,200   90,000
Shares issued in April 2010 under PPM, $.50 (in shares) 180,000      
Shares issued in May 2010 to consultant, $.50 129 6,296   6,425
Shares issued in May 2010 to consultant, $.50 (in shares) 12,850      
Shares issued in May 2010 to 2008 investors as a penalty for late registration of 4,552,862 shares, $.50 7,102 348,022   355,124
Shares issued in May 2010 to 2008 investors as a penalty for late registration of 4,552,862 shares, $.50 (in shares) 710,248      
Value of equity-linked financial instruments issued in connection with PPM in second quarter   (31,332)   (31,332)
Value of equity-linked financial instruments issued in connection with PPM in third quarter   (31,506)   (31,506)
Shares issued in September 2010 under PPM, $.10 2,500 22,500   25,000
Shares issued in September 2010 under PPM, $.10 (in shares) 250,000      
Shares issued to consultants in third quarter at $.22 per share 4,889 102,660   107,549
Shares issued to consultants in third quarter at $.22 per share (in shares) 488,860      
Value of equity instruments issued with debt   119,474   119,474
Shares issued, November 2010, upon exercise of warrants at $.135 per share 1,286 16,071   17,357
Shares issued, November 2010, upon exercise of warrants at $.135 per share (in shares) 128,571      
Shares issued to directors as compensation at $.15 per share 3,000 42,000   45,000
Shares issued to directors as compensation at $.15 per share (in shares) 300,000      
Vested stock options in fourth quarter   161,107   161,107
Equity instruments issued to consultants in fourth quarter   26,234   26,234
Net income (loss) available to common shareholders     (1,352,709) (1,352,709)
Balance at Dec. 31, 2010 140,023 5,052,497 (7,382,077) (2,189,557)
Balance (in shares) at Dec. 31, 2010 14,002,290      
Vested stock options and warrants   268,549   268,549
Value of equity instruments issued with debt   47,908   47,908
Equity instruments issued to consultants in first quarter   91,504   91,504
Shares issued in first quarter at $.075 per share under PPM 53,334 346,666   400,000
Shares issued in first quarter at $.075 per share under PPM (in shares) 5,333,334      
Shares issued in first quarter at $.085 per share under PPM 12,941 97,059   110,000
Shares issued in first quarter at $.085 per share under PPM (in shares) 1,294,117      
Shares issued in first quarter at $.09 per share under PPM 2,000 16,000   18,000
Shares issued in first quarter at $.09 per share under PPM (in shares) 200,000      
Shares issued in first quarter at $.10 per share under PPM 1,500 13,500   15,000
Shares issued in first quarter at $.10 per share under PPM (in shares) 150,000      
Stock issued upon conversion of debt in first quarter 4,160 15,840   20,000
Stock issued upon conversion of debt in first quarter (in shares) 416,010      
Stock issued to pay interest on debt in second quarter 1,580 20,920   22,500
Stock issued to pay interest on debt in second quarter (in shares) 158,036      
Shares issued in second quarter at $.085 per share under PPM 5,882 44,118   50,000
Shares issued in second quarter at $.085 per share under PPM (in shares) 588,236      
Shares issued in second quarter at $.07 per share under PPM 5,000 30,000   35,000
Shares issued in second quarter at $.07 per share under PPM (in shares) 500,000      
Stock issued upon conversion of debt and interest 9,410 22,590   32,000
Stock issued upon conversion of debt and interest (in shares) 941,034      
Vested stock options and warrants in second quarter   82,463   82,463
Equity instruments issued to consultants in second quarter   12,256   12,256
Vested stock options and warrants in third quarter   1,357,494   1,357,494
Equity instruments issued to consultants in third quarter   147,116   147,116
Shares issued in third quarter at $.06 per share under PPM 35,000 175,000   210,000
Shares issued in third quarter at $.06 per share under PPM (in shares) 3,500,000      
Shares issued in third quarter at $.07 per share under PPM 5,715 34,285   40,000
Shares issued in third quarter at $.07 per share under PPM (in shares) 571,429      
Shares issued in third quarter at $.20 per share under PPM 5,625 106,875   112,500
Shares issued in third quarter at $.20 per share under PPM (in shares) 562,500      
Shares issued upon exercise of a management stock option 1,000     1,000
Shares issued upon exercise of a management stock option (in shares) 100,000      
Restricted stock issued to consultants in third quarter 8,228 46,772   55,000
Restricted stock issued to consultants in third quarter (in shares) 822,842      
Shares issued in fourth quarter at $.35 per share IR compensation 5,750 195,500   201,250
Shares issued in fourth quarter at $.35 per share IR compensation (in shares) 575,000      
Shares issued in fourth quarter at $.20 per share under PPM 8,125 154,375   162,500
Shares issued in fourth quarter at $.20 per share under PPM (in shares) 812,500      
Equity instruments upon conversion of Accounts Payable in first quarter   20,000   20,000
Vested stock options and warrants in fourth quarter   229,132   229,132
Shares issued to private investor in fourth quarter at $.15 per share 15,467 216,533   232,000
Shares issued to private investor in fourth quarter at $.15 per share (in shares) 1,546,667      
Net income (loss) available to common shareholders     (4,486,879) (4,486,879)
Balance at Dec. 31, 2011 $ 320,740 $ 8,844,952 $ (11,868,956) $ (2,703,264)
Balance (in shares) at Dec. 31, 2011 32,074,000      
[1] (1) Founders shares, 1,000,000 pre-split
[2] (2) 23,492 (40,000 pre-split) shares valued at $.0167 per share as compensation for loan guarantees by management
[3] (3) Investment including 670 shares issued as a 10% finders fee
[4] (4) For payment of patent legal fees
[5] (5) Compensation for loan guarantees by management
[6] (6) For vendor contractual consideration
[7] (7) Employment agreements
[8] (8) Investment
[9] (9) Conversion of convertible notes by management
[10] (10) Investment, "October 2008 financing".