Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT (USD $)
Series A Preferred Stock
Series B Preferred Stock
Series C Preferred Stock
Series D Preferred Stock
Series E Preferred Stock
Series G Preferred Stock
Common Stock
Stock Warrants
Additional Paid-In Capital
Accumulated Deficit
Total
Beginning Balance - Amount at Dec. 31, 2010 $ 2,621 $ 887 $ 0 $ 0 $ 0 $ 0 $ 27,118 $ 1,248,909 $ 12,095,237 $ (11,565,263) $ 1,809,509
Beginning Balance - Shares at Dec. 31, 2010 262,135 88,711 0 0 0 0 2,711,750        
Stock-based compensation                 121,974   121,974
Stock option exercises, Shares             41,103        
Stock option exercises, Amount             411    43,569    43,980
Issuance of convertible preferred stock, Shares     88,098 843              
Issuance of convertible preferred stock, Amount     881 8         1,076,359    1,077,247
Fair value of common stock issued for services, Shares             20,000        
Fair value of common stock issued for services, Amount             200    16,800    17,000
Offering costs for issuance of preferred stock                 (794,012)    (794,012)
Issuance of warrants in connection short-term loans               249,348       249,348
Issuance of stock in lieu of cash for Board of Director fees, Shares             124,996        
Issuance of stock in lieu of cash for Board of Director fees, Amount             1,250    103,747    104,997
Warrant modifications               704,844    (704,844) 0
Beneficial conversion of issued preferred stock                 1,006,574 (1,006,574) 0
Conversion of preferred stock to common stock, Shares (262,135) (88,711)   (100)     3,662,336        
Conversion of preferred stock to common stock, Amount (2,621) (887)   (1)     36,623    (33,114)    0
Common stock paid-in-kind dividends earned                   (164,904) (164,904)
Series B dividend paid in cash                   (65,543) (65,543)
Issuance of common stock for dividends paid-in-kind, Shares             163,808        
Issuance of common stock for dividends paid-in-kind, Amount             1,638    186,741    188,379
Net loss                   (2,996,312) (2,996,312)
Ending Balance, Amount at Dec. 31, 2011 0 0 881 7 0 0 67,240 2,203,101 13,823,875 (16,503,440) (408,336)
Ending Balance, Shares at Dec. 31, 2011 0 0 88,098 743 0 0 6,723,993        
Stock-based compensation                 133,193   133,193
Issuance of Series E convertible preferred stock, Shares         500            
Issuance of Series E convertible preferred stock, Amount         5       499,995    500,000
Issuance of Series G convertible preferred stock, Shares           120,680          
Issuance of Series G convertible preferred stock, Amount           1,207   104,301 497,867    603,375
Fair value of common stock issued for services, Shares             1,125,000        
Fair value of common stock issued for services, Amount             11,250    343,297    354,547
Offering costs for issuance of preferred stock                 (194,367)    (194,367)
Issuance of warrants in connection short-term loans               45,156       45,156
Issuance of warrants for services               11,883       11,883
Issuance of Series G preferred stock in lieu of cash for Board of Director fees, Shares           24,640          
Issuance of Series G preferred stock in lieu of cash for Board of Director fees, Amount           246   20,596 102,358    123,200
Warrant modifications               323,556    (190,891) 132,665
Conversion of preferred stock to common stock, Shares     (88,098) (443) (500)   2,723,540        
Conversion of preferred stock to common stock, Amount     (881) (4) (5)   27,235    (24,549)    0
Common stock paid-in-kind dividends earned                   (278,184) (278,184)
Series E dividend paid in cash                   (196,819) (196,819)
Issuance of common stock in private placement, Shares             971,867        
Issuance of common stock in private placement, Amount             9,719 307,403 482,878    800,000
Issuance of common stock for dividends paid-in-kind, Shares             604,867        
Issuance of common stock for dividends paid-in-kind, Amount             6,049    276,271    284,116
Net loss                   (3,450,205) (3,450,205)
Ending Balance, Amount at Dec. 31, 2012 $ 0 $ 0 $ 0 $ 3 $ 0 $ 1,453 $ 121,493 $ 3,015,996 $ 15,940,818 $ (20,619,539) $ (1,539,776)
Ending Balance, Shares at Dec. 31, 2012 0 0 0 300 0 145,320 12,149,267