XML 35 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)
Common Stock
Additional Paid in Capital
Accumulated Deficit
Total
Beginning balance at Dec. 31, 2009 $ 39,516 $ 1,656,364 $ (1,212,249) $ 483,631
Beginning balance, shares at Dec. 31, 2009 39,516,450      
Shares issued in private placement 15,971 3,154,672    3,170,643
Shares issued in private placement, shares 15,970,871      
Options issued as compensation    177,601    177,601
Net loss       (2,867,464) (2,867,464)
Ending balance at Dec. 31, 2010 55,487 4,988,637 (4,079,713) 964,411
Ending balance, shares at Dec. 31, 2010 55,487,321      
Shares issued in private placement 5,552 1,701,448    1,707,000
Shares issued in private placement, shares 5,551,589      
Options issued as compensation    183,355    183,355
Effect of merger and recapitalization pursuant to execution of Security Exchange Agreement 166 (255,919)    (255,753)
Effect of merger and recapitalization pursuant to execution of Security Exchange Agreement, shares 165,879      
Shares issued in exchange for debt 21,682 8,217,455    8,239,137
Shares issued in exchange for debt, shares 21,681,958      
Shares issued in exercise of warrants 92 17,158    17,250
Shares issued in exercise of warrants, shares 92,057      
Warrants issued for services    190,280    190,280
Warrants issued for loan guaranty costs-related parties    93,969    93,969
Warrants issued for financing costs    45,362    45,362
Warrants issued as financing costs-related parties   9,338    9,338
Warrants issued as compensation-related party    7,158    7,158
Net loss       (12,913,365) (12,913,365)
Ending balance at Dec. 31, 2011 $ 82,979 $ 15,198,241 $ (16,993,078) $ (1,711,858)
Ending balance, shares at Dec. 31, 2011 82,978,804     82,978,804