Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
Series A Preferred Stock [Member]
Series B Preferred Stock [Member]
Common Stock [Member]
Additional Paid-In Capital [Member]
Accumulated Deficit [Member]
Total
Beginning Balance, Shares at Dec. 31, 2014 0 55 125,035,612      
Beginning Balance, Amount at Dec. 31, 2014 $ 0 $ 372,030 $ 125,035 $ 125,908,476 $ (121,906,017) $ 4,499,524
Stock-based compensation expense related to employee stock options       14,383   14,383
Shares issued to preferred stockholders for warrants exercised, shares     2,019,236      
Shares issued to preferred stockholders for warrants exercised, value     $ 2,019 260,481   262,500
Accretion of redeemable preferred stock dividends $ 18,454 $ 10,921   (47,628)   (18,253)
Reclassification from temporary equity to permanent equity, shares 185          
Reclassification from temporary equity to permanent equity, value $ 1,322,112         1,322,112
Net loss         (189,104) (189,104)
Ending Balance, Shares at Dec. 31, 2015 185 55 127,054,848      
Ending Balance, Amount at Dec. 31, 2015 $ 1,340,566 $ 382,951 $ 127,054 126,135,712 (122,095,121) 5,891,162
Stock-based compensation expense related to employee stock options       55,050   55,050
Shares issued to preferred stockholders for warrants exercised, shares     5,211,542      
Shares issued to preferred stockholders for warrants exercised, value     $ 5,212 672,289   677,501
Shares issued for services, shares     392,700      
Shares issued for services, value     $ 393 71,607   72,000
Stock converted, shares converted   (3)        
Stock converted, amount converted   $ (15,000)        
Stock converted, shares issued     115,385      
Stock converted, amount issued     $ 115 14,885    
Accrued dividends adjustment due to preferred stock conversion   $ (5,892)   5,892    
Net loss         (1,375,913) (1,375,913)
Ending Balance, Shares at Dec. 31, 2016 185 52 132,774,475      
Ending Balance, Amount at Dec. 31, 2016 $ 1,340,566 $ 362,059 $ 132,774 $ 126,955,435 $ (123,471,034) $ 5,319,800