Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (UNAUDITED) (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   85,519   85,519
Shares issued on conversion of preferred stock, Shares 384,615      
Shares issued on conversion of preferred stock, Amount 385 49,615   50,000
Accretion of redeemable preferred stock discount   (216,264)   (216,264)
Accretion of redeemable preferred stock dividends   (84,622)   (84,622)
Net loss     (1,033,356) (1,033,356)
Ending Balance, Amount at Jun. 30, 2013 $ 108,488 $ 124,022,663 $ (118,987,472) $ 5,143,679
Ending Balance, Shares at Jun. 30, 2013 108,487,616