Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

v2.4.0.8
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT (USD $)
Series C Preferred Stock
Series D Preferred Stock
Series E Preferred Stock
Series G Preferred Stock
Series H Preferred Stock
Series J Preferred Stock
Series K Preferred Stock
Common Stock
Stock Warrants
Additional Paid-In Capital
Accumulated Deficit
Total
Beginning Balance - Amount at Dec. 31, 2011 $ 881 $ 7           $ 67,240 $ 2,203,101 $ 13,823,875 $ (16,503,440) $ (408,336)
Beginning Balance - Shares at Dec. 31, 2011 88,098 743           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, Shares       24,640                
Issuance of warrants for services, Amount       246         11,883     11,883
Issuance of Series G preferred stock in lieu of cash for Board of Director fees, Amount                 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)    
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   3   1,453       121,493 3,015,996 15,940,818 (20,619,539) (1,539,776)
Ending Balance, Shares at Dec. 31, 2012   300   145,320       12,149,267        
Stock-based compensation                       136,796
Fair value of common stock issued for services, Shares               875,000        
Fair value of common stock issued for services, Amount               8,750   467,962   476,712
Offering costs for issuance of preferred stock                   (67,739)   (67,739)
Issuance of warrants in connection short-term loans                 73,647     73,676
Issuance of warrants for services, Amount                 21,028     21,028
Beneficial conversion of issued preferred stock                   1,002,602 (1,002,602)  
Common stock paid-in-kind dividends earned                     (160,420) (160,420)
Issuance of Series H convertible preferred stock, Shares               (1,000,000)        
Issuance of Series H convertible preferred stock, Amount               (10,000)   9,900    
Issuance of Series J convertible preferred stock, Shares           5,088            
Issuance of Series J convertible preferred stock, Amount           51     885,309 1,149,340   2,034,700
Issuance of Series K convertible preferred stock, Shares             4,000          
Issuance of Series K convertible preferred stock, Amount             40   271,422 728,538   1,000,000
Reclassification of conversion option liabilities                   141,704   141,704
Net loss                     (4,084,427) (4,084,427)
Ending Balance, Amount at Dec. 31, 2013   $ 3   $ 1,453 $ 100 $ 51 $ 40 $ 120,243 $ 4,267,402 $ 19,509,921 $ (25,866,988) $ (1,967,775)
Ending Balance, Shares at Dec. 31, 2013   300   145,320 10,000 5,088 4,000 12,024,267