Shareholders' Equity

9 Months Ended

Sep. 30, 2013

Shareholders' Equity [Abstract]

Shareholders' Equity

Note 6. Shareholders’ Equity

Preferred Stock

The Company has 350,000 shares of preferred stock authorized, none of which are issued or outstanding.

Common Stock

During the nine months ended September 30, 2013, the Company issued the following shares of common stock:

● On June 25, 2013, the Company completed a public unit offering consisting of one share of common stock and an additional warrant of 0.75 share of common stock.  The Company issued 6,773,995 shares of common stock which included 5,416,851 five-year warrants with an exercise price of $1.65;

● 1,034,483 shares of common stock issued to Intrexon Corporation in connection with an exclusive channel collaboration;

● 107,143 shares of common stock issued upon the exercise of warrants;

● 43,104 shares of common stock issued to vendors as partial consideration for services performed;

● 25,000 shares of common stock issued upon the exercise of vested stock options.