Annual report pursuant to Section 13 and 15(d)

Statement of Stockholders' Equity

v3.7.0.1
Statement of Stockholders' Equity - USD ($)
Total
Common Stock
Additional Paid-In Capital
Treasury Stock
Accumulated Deficit
Balance (in shares) at Dec. 31, 2014   7,049,235   1,000  
Balance at Dec. 31, 2014 $ 9,063,980 $ 7,048 $ 32,712,020 $ (2,657) $ (23,652,431)
Increase (Decrease) in Stockholders' Equity          
Shares issued in offering, net of issuance costs (in shares) 2,225,825 2,225,825      
Shares issued in offering, net of issuance costs $ 15,924,405 $ 2,226 15,922,179    
Exercise of options and warrants (in shares) 265,484 265,484      
Exercise of options and warrants $ 653,828 $ 266 653,562    
Warrants issued for consulting services $ 84,900   84,900    
Issuance of restricted stock (in shares) 10,000 10,000      
Issuance of restricted stock $ 0 $ 10 (10)    
Stock-based compensation 1,384,763   1,384,763    
Net loss for the year (10,440,643)       (10,440,643)
Balance (in shares) at Dec. 31, 2015   9,550,544   1,000  
Balance at Dec. 31, 2015 $ 16,671,233 $ 9,550 50,757,414 $ (2,657) (34,093,074)
Increase (Decrease) in Stockholders' Equity          
Exercise of options and warrants (in shares) 10,352 10,352      
Exercise of options and warrants $ 35,533 $ 11 35,522    
Common stock tendered to pay taxes on restricted stock vesting (in shares)       683  
Common stock tendered to pay taxes on restricted stock vesting (3,258)     $ (3,258)  
Stock-based compensation 1,517,545   1,517,545    
Net loss for the year (10,981,091)       (10,981,091)
Balance (in shares) at Dec. 31, 2016   9,560,896   1,683  
Balance at Dec. 31, 2016 $ 7,239,962 $ 9,561 $ 52,310,481 $ (5,915) $ (45,074,165)