Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Changes in Stockholders' Equity (Deficit)

v2.4.0.8
Consolidated Statement of Changes in Stockholders' Equity (Deficit) (USD $)
Total
Common Stock
Additional Paid-in Capital
Deficit Accumulated During the Development Stage
Beginning Balance at Jun. 13, 2000        
Issuance of founder shares $ 30,000 $ 999 $ 29,001  
Issuance of founder shares, Shares   999,000    
Proceeds from the issuance of stock 1,750,000 146 1,749,854  
Proceeds from the issuance of stock, Shares   145,687    
Net loss (672,286)     (672,286)
Balance at Dec. 31, 2000 1,107,714 1,145 1,778,855 (672,286)
Balance, Shares at Dec. 31, 2000   1,144,687    
Proceeds from the issuance of stock 2,250,000 187 2,249,813   
Proceeds from the issuance of stock, Shares   187,313    
Net loss (5,090,621)     (5,090,621)
Balance at Dec. 31, 2001 (1,732,907) 1,332 4,028,668 (5,762,907)
Balance, Shares at Dec. 31, 2001   1,332,000    
Proceeds from the issuance of stock 3,250,000 180 3,249,820   
Proceeds from the issuance of stock, Shares   180,375    
Net loss (3,192,384)     (3,192,384)
Balance at Dec. 31, 2002 (1,675,291) 1,512 7,278,488 (8,955,291)
Balance, Shares at Dec. 31, 2002   1,512,375    
Proceeds from the issuance of stock 6,781,250 209 6,781,041   
Proceeds from the issuance of stock, Shares   208,992    
Net loss (3,532,044)     (3,532,044)
Balance at Dec. 31, 2003 1,573,915 1,721 14,059,529 (12,487,335)
Balance, Shares at Dec. 31, 2003   1,721,367    
Proceeds from the issuance of stock 4,600,000 766 4,599,234   
Proceeds from the issuance of stock, Shares   765,900    
Net loss (5,734,791)       (5,734,791)
Balance at Dec. 31, 2004 439,124 2,487 18,658,763 (18,222,126)
Balance, Shares at Dec. 31, 2004   2,487,267    
Proceeds from the issuance of stock 3,900,000 649 3,899,351   
Proceeds from the issuance of stock, Shares   649,350    
Stock-based compensation 315,388   315,388  
Net loss (4,580,237)       (4,580,237)
Balance at Dec. 31, 2005 74,275 3,136 22,873,502 (22,802,363)
Balance, Shares at Dec. 31, 2005   3,136,617    
Proceeds from the issuance of stock 7,550,541 839 7,549,702   
Proceeds from the issuance of stock, Shares   839,042    
Stock-based compensation 252,308   252,308  
Net loss (6,053,362)       (6,053,362)
Balance at Dec. 31, 2006 1,823,762 3,975 30,675,512 (28,855,725)
Balance, Shares at Dec. 31, 2006   3,975,659    
Proceeds from the issuance of stock 6,600,000 733 6,599,267   
Proceeds from the issuance of stock, Shares   732,600    
Common stock issued for services 398,810 66 398,744   
Common stock issued for services, Shares   66,402    
Stock-based compensation 255,061   255,061  
Net loss (5,617,581)       (5,617,581)
Balance at Dec. 31, 2007 3,460,052 4,774 37,928,584 (34,473,306)
Balance, Shares at Dec. 31, 2007   4,774,661    
Proceeds from the issuance of stock 6,000,000 999 5,999,001   
Proceeds from the issuance of stock, Shares   999,000    
Stock-based compensation 269,618   269,618  
Net loss (5,570,905)       (5,570,905)
Balance at Dec. 31, 2008 4,158,765 5,773 44,197,203 (40,044,211)
Balance, Shares at Dec. 31, 2008   5,773,661    
Net loss (3,425,986)       (3,425,986)
Balance at Dec. 31, 2009 845,161 5,773 44,309,585 (43,470,197)
Balance, Shares at Dec. 31, 2009   5,773,661    
Stock-based compensation 21,166   21,166  
Net loss (467,266)       (467,266)
Balance at Dec. 31, 2010 399,061 5,773 44,330,751 (43,937,463)
Balance, Shares at Dec. 31, 2010   5,773,661    
Proceeds from the issuance of stock 5,379,367 7,891 5,371,476   
Proceeds from the issuance of stock, Shares   7,891,141    
Stock-based compensation 2,173,377   2,173,377  
Fair value of derivative warrants (3,887,850)    (3,887,850)   
Beneficial conversion feature discount 372,850    372,850   
Net loss (3,444,795)       (3,444,795)
Balance at Dec. 31, 2011 992,010 13,664 48,360,604 (47,382,258)
Balance, Shares at Dec. 31, 2011   13,664,802    
Proceeds from the issuance of stock 5,129,940 4,088 5,125,852   
Proceeds from the issuance of stock, Shares   4,087,747    
Conversion of notes payable and accrued interest to stock 981,729 1,253 980,476   
Conversion of notes payable and accrued interest to stock, Shares   1,252,550    
Shares issued at the reverse merger    2,387 (2,387)   
Shares issued at the reverse merger, Shares   2,386,566    
Stock-based compensation 2,223,926   2,223,926  
Fair value of derivative warrants (4,052,089)    (4,052,089)   
Proceeds from exercise of options         
Proceeds from exercise of warrants         
Transfer from derivative liability classification to equity classification 4,231,324    4,231,324   
Net loss (8,361,205)       (8,361,205)
Balance at Dec. 31, 2012 1,145,635 21,392 56,867,706 (55,743,463)
Balance, Shares at Dec. 31, 2012   21,391,665    
Proceeds from the issuance of stock 2,883,257 554 2,882,703  
Proceeds from the issuance of stock, Shares   554,310    
Stock-based compensation 657,812 265 657,547  
Share Based Compensation, Shares   265,834    
Proceeds from exercise of options 13,053 17 13,036  
Proceeds from exercise of options, Shares   16,650    
Proceeds from exercise of warrants 3,467,395 2,337 3,465,058  
Proceeds from exercise of warrants, Shares   2,336,988    
Transfer from derivative liability classification to equity classification 1,047,095   1,047,095  
Net loss (10,773,792)     (10,773,792)
Balance at Dec. 31, 2013 $ (1,559,545) $ 24,565 $ 64,933,145 $ (66,517,255)
Balance, Shares at Dec. 31, 2013   24,565,447