Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Stockholders' Equity (unaudited)

v2.3.0.15
Condensed Consolidated Statement of Stockholders' Equity (unaudited) (USD $)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance at Dec. 31, 2010 $ 101,261 $ 121,995,117 $ (115,513,353) $ 6,583,025
Balance (in Shares) at Dec. 31, 2010 101,258,725      
Shares issued to director and management at approximately $0.125 per share 584 85,415   85,999
Shares issued to director and management at approximately $0.125 per share (in Shares) 584,455      
Shares issued to director for consulting fees at approximately $0.15 per share (1) 177 24,823   25,000
Shares issued to director for consulting fees at approximately $0.15 per share (1) (in Shares) 177,083      
Shares issued on conversion of preferred stock at approximately $0.18 per share 2,144 372,856   375,000
Shares issued on conversion of preferred stock at approximately $0.18 per share (in Shares) 2,143,990      
Stock-based compensation expense related to employee stock options   21,643   21,643
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 secured convertible debentures   1,158,729   1,158,729
Retirement of derivative liability related to warrant obligation   570,569   570,569
Accretion of preferred stock discount   (316,908)   (316,908)
Accretion of preferred stock dividend   (191,283)   (191,283)
Net Income     1,128,742 1,128,742
Balance at Sep. 30, 2011 $ 104,166 $ 124,576,751 $ (114,384,611) $ 10,296,306
Balance (in Shares) at Sep. 30, 2011 104,164,253