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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT (USD $)
Total
10% Convertible Preferred Stock
Common Stock
Common Stock
10% Convertible Preferred Stock
Accumulated Deficit
Balance at Dec. 31, 2011 $ (5,235,863)   $ 24,410,071   $ (29,645,934)
Balance (in shares) at Dec. 31, 2011     25,007,261    
Reclassification of previously redeemable common shares (in shares)     250,000    
Reclassification of previously redeemable common shares 242,500   242,500    
Shares issued upon conversion of 10% convertible preferred stock (in shares)   462,500   462,500  
Shares issued upon conversion of 10% convertible preferred stock   462,500   462,500  
Shares issued for interest payments (in shares)     473,945    
Shares issued for interest payments 178,779   178,779    
Shares issued for dividend payments (in shares)     1,872,649    
Shares issued for dividend payments 870,440   870,440    
Share-based compensation (in shares)     753,818    
Share-based compensation 673,617   673,617    
Warrants issued in payment of interest 57,034 1,875,463 57,034 1,875,463  
Dividend on 10% convertible preferred stock (693,820) (693,820)   (693,820)  
Amortization of discounts of 10% convertible preferred stock   (973,130)   (973,130)  
Net loss (5,433,127)       (5,433,127)
Balance at Dec. 31, 2012 (7,975,607)   27,103,454   (35,079,061)
Balance (in shares) at Dec. 31, 2012     28,820,173    
Shares issued upon conversion of 10% convertible preferred stock (in shares)   75,000   114,000  
Shares issued upon conversion of 10% convertible preferred stock   114,000   114,000  
Shares issued for interest payments (in shares)     977,582    
Shares issued for interest payments 541,515   541,515    
Shares issued for dividend payments (in shares)     956,850    
Shares issued for dividend payments 533,569   533,569    
Share-based compensation (in shares)     300,300    
Share-based compensation 745,746   745,746    
Recovery of shareholder short swing profit 3,095,308   3,095,308    
Dividend on 10% convertible preferred stock (716,915) (716,915)   (716,915)  
Amortization of discounts of 10% convertible preferred stock   (916,232)   (916,232)  
Net loss (24,189,602) [1]       (24,189,602)
Balance at Dec. 31, 2013 $ (28,768,218)   $ 30,500,445   $ (59,268,663)
Balance (in shares) at Dec. 31, 2013     31,168,905    
[1] As the acquisition of the plastics recycling company which provided a second segment to our business, was acquired in November 2013, we did not report segment information for the year ended December 31, 2012.