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Changes in Stockholders' Equity / (Deficit)
 9 Months Ended
Sep. 30, 2019
Stockholders' deficit:  
Changes in Stockholders' Equity

 

The following table summarizes the changes in stockholders’ equity for the three and nine month periods ending September 30, 2019 and September 30, 2018:

 

    Common Stock                    
    Shares     Amount     Additional Paid in Capital     Accumulated Deficit    

 

 

Total

  
Balance – December 31, 2018     32,279,368     $ 323,000     $ 21,404,000     $ (21,873,000 )   $ (146,000 )
Shares issued to Cherokee in connection with loan     200,000       2,000       12,000               14,000  
Shares issued for board meeting attendance in lieu of cash     38,993       *       3,000               3,000  
Share based payment expense                     2,000               2,000  
Net loss                             (240,000 )   (240,000 )
Balance-March 31, 2019     32,518,361     $ 325,000     $ 21,421,000     $ (22,113,000 )   $ (367,000 )

Shares issued for board meeting attendance in lieu of cash

 

     27,415       *       2,000               2,000  
Share based payment expense                     2,000               2,000  
Net loss                             (56,000 )     (56,000 )
Balance – June 30, 2019     32,545,776     $ 325,000     $ 21,425,000     $ (22,169,000 )   $ (419,000 )
Share based payment expense                     *               *  
Net loss                             (144,000 )     (144,000 )
Balance – September 30, 2019     32,545,776     $ 325,000     $ 21,425,000     $ (22,313,000 )   $ (563,000 )
                                         
                                         
Balance – December 31, 2017     29,782,770     $ 298,000     $ 21,170,000     $ (20,845,000 )   $ 623,000  
Shares issued to Cherokee in connection with loan     150,000       1,000       17,000               18,000  
Share based payment expense                     4,000               4,000  
Net loss                             (267,000 )     (267,000 )
Balance – March 31, 2018   $ 29,932,770     $ 299,000     $ 21,191,000     $ (21,112,000 )   $ 378,000  
Shares issued for board meeting attendance in lieu of cash     33,784       1,000       3,000               4,000  
Share based payment expense                     2,000               2,000  
Net loss                             (146,000 )     (146,000 )
Balance – June 30, 2018     29,966,554     $ 300,000     $ 21,196,000     $ (21,258,000 )   $ 238,000  
Shares issued to Landmark in connection with consulting agreement     277,778       2,000       22,000               24,000  
Share based payment expense                     2,000               2,000  
Net loss                             (202,000 )     (202,000 )
Balance – September 30, 2018     30,244,332     $ 302,000     $ 21,220,000     $ (21,460,000 )   $ 62,000  
                                         

 

*Indicates less than $1,000