Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

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CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (USD $)
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Total
Beginning Balance, Amount at Dec. 31, 2012 $ 108,103 $ 124,188,415 $ (117,954,116) $ 6,342,402
Beginning Balance, Shares at Dec. 31, 2012 108,103,001      
Stock-based compensation expense related to employee stock options   2,023    2,023
Accretion of redeemable preferred stock discount   (105,996)    (105,996)
Accretion of redeemable preferred stock dividends   (66,901)    (66,901)
Net loss     (411,846) (411,846)
Ending Balance, Amount at Mar. 31, 2013 $ 108,103 $ 124,017,541 $ (118,365,962) $ 5,759,682
Ending Balance, Shares at Mar. 31, 2013 108,103,001