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Common Stock
9 Months Ended
Sep. 30, 2011
Common Stock [Abstract] 
Common Stock

Note 13 — Common Stock

The Company's certificate of incorporation, as amended November 9, 2009, authorizes the Company to issue up to 80 million shares of common stock, par value $0.0001 per share, and 100,000 shares of one or more series of preferred stock, par value $0.0001 per share.

For the nine months ended September 30, 2011, a reconciliation of the changes in the Company's common stock issued is as follows:

 

Shares issued at December 31, 2010

     36,753,891   

Issued in sale of common stock relative to privately placed debt

     3,665,000   

Issued upon conversion of preferred stock

     4,871,719   

Issued in payment of term loan principal

     171,154   

Issued in exchange of convertible notes

     559,007   

Issued upon exercise of warrants

     3,785,750   

Issued as dividend payments on preferred stock

     624,171   

Issued as restricted stock award grants

     1,086,917   

Issued upon exercise of stock options

     57,750   
  

 

 

 

Shares issued at September 30, 2011

     51,575,359