Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Stockholders' Equity (Unaudited)

v3.2.0.727
Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - 6 months ended Jun. 30, 2015 - USD ($)
Series A Convertible Preferred Stock [Member]
Common Stock [Member]
Additional Paid-In Capital [Member]
Accumulated Deficit [Member]
Total
Balance at Dec. 31, 2014   $ 4,548 $ 15,979,475 $ (15,718,161) $ 265,862
Balance, shares at Dec. 31, 2014   45,483,097      
Fair value of warrant extensions     34,016   34,016
Fair value of warrant discount     $ 171,757   171,757
Sales of Series A Convertible Preferred Stock $ 1,750,000       1,750,000
Sales of Series A Convertible Preferred Stock, shares 175,000        
Costs incurred in connection with sale of Series A convertible preferred stock     $ (12,608)   (12,608)
Exercise of warrants   $ 105 314,895   315,000
Exercise of warrants, shares   1,050,000      
Conversion of advances due to Chairman and major stockholder   $ 9 92,708   $ 92,717
Conversion of advances due to Chairman and major stockholder, shares   92,717     92,717
Stock-based compensation expense   $ 25 $ 168,612   $ 168,637
Stock-based compensation expense, shares   250,000      
Net loss       $ (1,458,570) (1,458,570)
Balance at Jun. 30, 2015 $ 1,750,000 $ 4,687 $ 16,748,855 $ (17,176,731) $ 1,326,811
Balance, shares at Jun. 30, 2015 175,000 46,875,814