Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Stockholders' Equity (unaudited)

v2.4.0.6
Condensed Consolidated Statement of Stockholders' Equity (unaudited) (USD $)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
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      
Shares issued to directors and management at approximately $0.18 per share 165 29,835   30,000
Shares issued to directors and management at approximately $0.18 per share (in Shares) 165,568      
Stock-based compensation expense related to employee stock options   6,165   6,165
Accretion of redeemable preferred stock discount   (123,111)   (123,111)
Accretion of redeemable preferred stock dividend   (67,642)   (67,642)
Net loss     (728,824) (728,824)
Balance at Mar. 31, 2012 $ 104,517 $ 124,328,408 $ (119,073,020) $ 5,359,905
Balance (in Shares) at Mar. 31, 2012 104,515,075