Annual report pursuant to Section 13 and 15(d)

Statement Of Stockholders' Equtiy

v3.3.1.900
Statement Of Stockholders' Equtiy - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2015
Mar. 31, 2015
Dec. 31, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Balance   $ 26,580,491   $ 12,625,488 $ 26,580,491 $ 12,625,488 $ 9,533,989
Balance, shares   178,253,318     178,253,318    
Issuance of common stock and units         $ 5,250,073 16,308,572 8,633,855
Stock issuance costs         (566,065) (1,159,582) (952,490)
Common stock issued in exchange for services, value         $ 102,000 $ 409,000 $ 306,800
Common stock issued in exchange for services, shares         150,000 400,000 640,000
Shares surrendered for net stock option exercise           $ (100,000)  
Stock options exercised         $ 708,617 $ 358,955 $ 90,000
Stock options exercised, shares         889,428 448,693 375,000
Stock warrants exercised         $ 31,703 $ 16,084,511 $ 3,947,330
Stock warrants exercised, shares         47,300 11,738,220 4,681,497
Stock based compensation         $ 1,037,679 $ 608,795 $ 565,428
Net Loss $ (2,852,155) $ (4,271,711) $ (2,210,118) (14,600,499) (14,384,556) (18,521,601) (9,499,424)
Other Comprehensive Loss         $ 15,606 $ (33,647)  
Balance, shares 197,413,785   178,253,318   197,413,785 178,253,318  
Balance $ 18,775,548   $ 26,580,491   $ 18,775,548 $ 26,580,491 12,625,488
Common Stock [Member]              
Balance   $ 17,837   $ 14,673 $ 17,837 $ 14,673 $ 11,944
Balance, shares   178,366,533   146,732,000 178,366,533 146,732,000 119,443,194
Issuance of common stock and units         $ 1,807 $ 1,905 $ 2,159
Issuance of common stock and units, Shares         18,073,739 19,047,620 21,592,309
Common stock issued in exchange for services, value         $ 15 $ 40 $ 64
Common stock issued in exchange for services, shares         150,000 400,000 640,000
Stock options exercised         $ 89 $ 45 $ 38
Stock options exercised, shares         889,428 448,693 375,000
Stock warrants exercised         $ 4 $ 1,174 $ 468
Stock warrants exercised, shares         47,300 11,738,220 4,681,497
Retirement of treasury stock         $ (11)    
Retirement of treasury stock, shares         (113,215)    
Balance, shares 197,413,785   178,366,533   197,413,785 178,366,533 146,732,000
Balance $ 19,741   $ 17,837   $ 19,741 $ 17,837 $ 14,673
Additional Paid-in Capital [Member]              
Balance   $ 118,057,019   $ 85,449,932 118,057,019 85,449,932 72,861,738
Issuance of common stock and units         5,248,266 16,306,667 8,631,696
Stock issuance costs         (566,065) (1,159,582) (952,490)
Common stock issued in exchange for services, value         101,985 408,960 306,736
Stock options exercised         708,528 358,910 89,962
Stock warrants exercised         31,699 16,083,337 3,946,862
Stock based compensation         1,037,679 608,795 565,428
Retirement of treasury stock         (128,399)    
Balance 124,490,712   118,057,019   124,490,712 118,057,019 85,449,932
Accumulated Deficit [Member]              
Balance   (91,332,308)   (72,810,707) (91,332,308) (72,810,707) (63,311,283)
Net Loss         (14,384,556) (18,521,601) (9,499,424)
Balance (105,716,864)   $ (91,332,308)   (105,716,864) (91,332,308) (72,810,707)
Treasury Stock [Member]              
Balance   $ (128,410)   $ (28,410) $ (128,410) $ (28,410) $ (28,410)
Balance, shares   113,215   14,205 113,215 14,205 14,205
Shares surrendered for net stock option exercise           $ (100,000)  
Shares surrendered for net stock option exercise, Shares           99,010  
Stock options exercised, shares            
Retirement of treasury stock         $ 128,410    
Retirement of treasury stock, shares         (113,215)    
Balance, shares     113,215     113,215 14,205
Balance     $ (128,410)     $ (128,410) $ (28,410)
Accumulated Other Comprehensive Loss [Member]              
Balance   $ (33,647)     $ (33,647)    
Other Comprehensive Loss         15,606 (33,647)  
Balance $ (18,041)   $ (33,647)   $ (18,041) $ (33,647)