Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT

v3.7.0.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT - USD ($)
Common Stock
Additional Paid-In Capital
Accumulated (Deficit)
Total
Brginning Balance, Shares at Dec. 31, 2014 40,228,123      
Brginning Balance, Amount at Dec. 31, 2014 $ 40,228 $ 19,113,724 $ (23,738,677) $ (4,584,725)
Stock issued for interest on notes payable, Shares 335,000      
Stock issued for interest on notes payable, Amount $ 335 161,245 161,580
Stock and warrants issued upon debt conversion, Shares 6,630,995      
Stock and warrants issued upon debt conversion, Amount $ 6,631 4,448,566 4,455,197
Issuance of stock options 789,087 789,087
Warrants to be issued   495,394   495,394
Net loss (14,261,531) (14,261,531)
Ending Balance, Shares at Dec. 31, 2015 47,194,118      
Ending Balance, Amount at Dec. 31, 2015 $ 47,194 25,008,016 (38,000,208) (12,944,998)
Stock issued for interest on notes payable, Shares 329,000      
Stock issued for interest on notes payable, Amount $ 329 262,871 263,200
Issuance of stock options 1,080,597 1,080,597
Issuance of warrants   78,020   78,020
Stock issued upon debt conversion, Shares 2,737,858      
Stock issued upon debt conversion, Amount $ 2,738 1,366,189 1,368,927
Stock issued upon warrant exercise, Shares 121,510      
Stock issued upon warrant exercise, Amount $ 122 65,106 65,228
Stock issued upon cashless warrant exercise, Shares 11,734,440      
Stock issued upon cashless warrant exercise, Amount $ 11,734 9,795,110 9,806,844
Sale of stock, net of issuance costs, Shares 11,314,968      
Sale of stock, net of issuance costs, Amount $ 11,315 12,182,638 12,193,953
Stock issued upon cashless option exercise, Shares 77,769      
Stock issued upon cashless option exercise, Amount $ 78 (78)
Net loss (16,883,015) (16,883,015)
Ending Balance, Shares at Dec. 31, 2016 73,509,663      
Ending Balance, Amount at Dec. 31, 2016 $ 73,510 $ 49,838,469 $ (54,883,223) $ (4,971,244)