XML 19 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
Total
Preferred Stock [Member]
Common Stock [Member]
Contributed Capital [Member]
Accumulated Deficit [Member]
Beginning balance at Dec. 31, 2012 $ (6,131,217) $ 0 $ 344 $ 7,645,017 $ (13,776,578)
Beginning balance, shares at Dec. 31, 2012   0 34,286,979    
Common stock issued upon exercise of Convertible Notes 0 $ 0 $ 24 (24) 0
Common stock issued upon exercise of Convertible Notes, shares   0 2,406,720    
Preferred stock issued in January 2013 private placement 0 $ 0 $ 4 (4) 0
Preferred stock issued in January 2013 private placement (in shares)   2,500 416,666    
Conversion of preferred stock to common stock 0 $ 0 $ 42 (42) 0
Conversion of preferred stock to common stock, shares   (2,500) 4,166,666    
Warrant exchange program 23,340,847 $ 0 $ 58 23,340,789 0
Warrant exchange program, shares   0 5,804,368    
Common stock issued in payment of accrued dividends 0 $ 0 $ 1 (1) 0
Common stock issued in payment of accrued dividends, shares   0 161,153    
Exercise of warrants 14,097,594 $ 0 $ 68 14,097,526 0
Exercise of warrants, shares   0 6,820,218    
Exercise of options $ 5,200 $ 0 $ 0 5,200 0
Exercise of options, shares 20,000 0 20,000    
Stock based compensation $ 2,361,962 $ 0 $ 28 2,361,934 0
Stock based compensation (in shares)   0 2,820,000    
Stock issued in connection with acquisition of NASCO Products, LLC 0        
Other capital contribution 1,660 $ 0 $ 0 1,660 0
Net loss attributed to common shareholders (26,153,158) 0 0 0 (26,153,158)
Ending balance at Dec. 31, 2013 7,522,888 $ 0 $ 569 47,452,055 (39,929,736)
Ending balance, shares at Dec. 31, 2013   0 56,902,770    
Warrants issued as compensation for services 1,260,000 $ 0 $ 0 1,260,000 0
Exercise of warrants 486,951 $ 0 $ 12 486,939 0
Exercise of warrants, shares   0 1,167,737    
Exercise of options $ 48,300 $ 0 $ 1 48,299 0
Exercise of options, shares 70,000 0 70,000    
Common stock issued in September 2014 private placement, net $ 9,324,088 $ 0 $ 39 9,324,049 0
Common stock issued in September 2014 private placement, net (in shares)   0 3,871,767    
Stock based compensation 2,433,253 $ 0 $ 13 2,433,240 0
Stock based compensation (in shares)   0 1,282,768    
Stock issued in connection with acquisition of NASCO Products, LLC 1,952,000 $ 0 $ 6 1,951,994 0
Stock issued in connection with acquisition of NASCO Products, LLC, shares   0 640,000    
Stock issued in connection with equity investment 394,500 $ 0 $ 1 394,499 0
Stock issued in connection with equity investment (in shares)   0 150,000    
Other capital contribution 25,200 $ 0 $ 0 25,200 0
Warrant amendments 7,367,915 0 0 7,367,915 0
Net loss attributed to common shareholders (15,595,358) 0 0 0 (15,595,358)
Ending balance at Dec. 31, 2014 15,219,737 $ 0 $ 641 70,744,190 (55,525,094)
Ending balance, shares at Dec. 31, 2014   0 64,085,042    
Exercise of warrants 50,688 $ 0 $ 0 50,688  
Exercise of warrants, shares   0 40,000    
Common stock issued in June 2015 registered direct offering, net 5,576,083 $ 0 $ 60 5,576,023 0
Common stock issued in June 2015 registered direct offering, net (in shares)   0 6,000,000    
Stock based compensation 1,623,423 $ 0 $ 6 1,623,417 0
Stock based compensation (in shares)   0 553,896    
Stock issued in connection with acquisition of NASCO Products, LLC 0        
Stock issued in connection with equity investment 325,000 $ 0 $ 4 324,996 0
Stock issued in connection with equity investment (in shares)   0 377,906    
Stock cancellation (34,500) $ 0 $ (1) (34,499) 0
Stock cancellation (in shares)   0 (50,000)    
Net loss attributed to common shareholders (11,031,931) $ 0 $ 0 0 (11,031,931)
Ending balance at Dec. 31, 2015 $ 11,728,500 $ 0 $ 710 $ 78,284,815 $ (66,557,025)
Ending balance, shares at Dec. 31, 2015   0 71,006,844