Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Stockholders Equity

v2.4.0.6
Consolidated Statement of Stockholders Equity (USD $)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance at Dec. 31, 2009 $ 96,564 $ 120,194,142 $ (114,262,940) $ 6,027,766
Balance (in Shares) at Dec. 31, 2009 96,563,771      
Shares issued to directors and management (Per share $0.19) 3,920 1,093,746   1,097,666
Shares issued to directors and management (Per share $0.165) 225 36,775   37,000
Shares issued to directors and management (in Shares) (Per share $0.19) 3,919,821      
Shares issued to directors and management (in Shares) (Per share $0.165) 224,410      
Shares issued in exchange for services rendered at approximately $0.19 per share 552 77,143   77,695
Shares issued in exchange for services rendered at approximately $0.19 per share (in Shares) 550,723      
Stock-based compensation expense related to employee stock options   132,386   132,386
Warrants issued with redeemable convertible preferred stock   394,350   394,350
Beneficial conversion feature of redeemable convertible preferred stock   394,350   394,350
Warrant repurchase and cancellation   (1,000)   (1,000)
Accretion of redeemable preferred stock discount   (135,638)   (135,638)
Accretion of redeemable preferred stock dividend   (129,083)   (129,083)
Net income (loss)     (2,179,017) (2,179,017)
Balance at Dec. 31, 2010 101,261 122,057,171 (116,441,957) 5,716,475
Balance (in Shares) at Dec. 31, 2010 101,258,725      
Shares issued to directors and management 770 116,230   117,000
Shares issued to directors and management (in Shares) 769,709      
Shares issued to directors for consulting fees at $0.15 per share 177 24,823   25,000
Shares issued to directors for consulting fees at $0.15 per share (in Shares) 177,083      
Shares issued on conversion of preferred stock at $0.17 per share 2,144 372,856   375,000
Shares issued on conversion of preferred stock at $0.17 per share (in Shares) 2,143,990      
Stock-based compensation expense related to employee stock options   26,887   26,887
Warrants issued with redeemable convertible preferred stock   427,895   427,895
Beneficial conversion feature of redeemable convertible preferred stock   427,895   427,895
Retirement of derivative liability related to warrant obligation   1,729,299   1,729,299
Accretion of redeemable preferred stock discount   (440,019)   (440,019)
Accretion of redeemable preferred stock dividend   (259,876)   (259,876)
Net income (loss)     (1,902,239) (1,902,239)
Balance at Dec. 31, 2011 $ 104,352 $ 124,483,161 $ (118,344,196) $ 6,243,317
Balance (in Shares) at Dec. 31, 2011 104,349,507