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Condensed Consolidated Statement of Changes in Shareholders' Deficit (Unaudited) - 3 months ended Mar. 31, 2015 - USD ($)
Preferred Stock
Common Stock
Capital in excess of par value
Accumulated Deficit
Total
Balance at Dec. 31, 2014 $ 60,675 $ 259,089 $ 47,634,857 $ (55,692,967) $ (7,738,346)
Balance, shares at Dec. 31, 2014 2,427 25,908,978      
Net loss       $ (1,004,251) (1,004,251)
Common stock issued to directors $ 125 2,000 2,125
Common stock issued to directors, shares   12,500      
Stock option compensation expense 16,069 16,069
Common stock issued for consulting services $ 6,200 101,400 107,600
Common stock issued for consulting services, shares   620,000      
Warrants issued for consulting services 75,000 75,000
Private offering of common stock and warrants $ 3,750 71,250 75,000
Private offering of common stock and warrants, shares   375,000      
Warrant and beneficial conversion feature on notes payable 59,480 59,480
Balance at Mar. 31, 2015 $ 60,675 $ 269,164 $ 47,960,056 $ (56,697,218) $ (8,407,323)
Balance, shares at Mar. 31, 2015 2,427 26,916,478