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 B Preferred Stock [Member]
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Total
Beginning Balance, Amount at Dec. 31, 2011   $ 104,350 $ 124,483,163 $ (118,344,196) $ 6,243,317
Beginning Balance, Shares at Dec. 31, 2011   104,349,507      
Shares issued to directors and management, Shares   638,104      
Shares issued to directors and management, Amount   637 101,363   102,000
Stock-based compensation expense related to employee stock options     99,643   99,643
Shares issued to preferred stockholders for warrants exercised, Shares   3,115,390      
Shares issued to preferred stockholders for warrants exercised, Amount   3,116 401,884   405,000
Accretion of redeemable preferred stock discount     (625,574)   (625,574)
Accretion of redeemable preferred stock dividends     (272,064)   (272,064)
Net loss       390,080 390,080
Ending Balance, Amount at Dec. 31, 2012   108,103 124,188,415 (117,954,116) 6,342,402
Ending Balance, Shares at Dec. 31, 2012   108,103,001      
Stock-based compensation expense related to employee stock options     89,565   89,565
Shares issued on conversion of preferred stock, Shares   16,846,139      
Shares issued on conversion of preferred stock, Amount   16,846 2,665,032   2,681,878
Shares issued for cashless Series B warrants exercised, Shares   86,472      
Shares issued for cashless Series B warrants exercised, Amount   86 (86)    
Accretion of redeemable preferred stock discount     (705,170)   (705,170)
Accretion of redeemable preferred stock dividends     (200,807)   (200,807)
Reclassification from temporary equity to permanent equity, shares 55        
Reclassification from temporary equity to permanent equity, value 324,063       324,063
Net loss       (3,994,731) (3,994,731)
Ending Balance, Amount at Dec. 31, 2013 $ 324,063 $ 125,035 $ 126,036,949 $ (121,948,847) $ 4,537,200
Ending Balance, Shares at Dec. 31, 2013 55 125,035,612