Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Stockholders' Equity (Deficit)

v2.4.0.6
Consolidated Statements of Stockholders' Equity (Deficit) (USD $)
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Total
Beginning Balance, Amount at Dec. 31, 2010 $ 17,700 $ 6,945,584 $ (8,174,253) $ (1,210,969)
Beginning Balance, Shares at Dec. 31, 2010 17,700,000      
Issuance of common stock and warrants for cash, Shares 688,669      
Issuance of common stock and warrants for cash, Amount 689 1,032,314    1,033,003
Issuance of common stock for acquisitions, Shares 3,944,540      
Issuance of common stock for acquisitions, Amount 3,945 11,314,124    11,318,069
Issuance of common stock for patent rights, Shares 14,286      
Issuance of common stock for patent rights, Amount 14 49,986    50,000
Issuance of common stock for services, Shares 253,298      
Issuance of common stock for services, Amount 253 428,747    429,000
Notes payable converted into common stock, Shares 153,515      
Notes payable converted into common stock, Amount 153 230,118    230,271
Adjustment to derivative liability due to debt conversion    143,961    143,961
Stock-based compensation    976,255    976,255
Equity offering costs    (21,800)    (21,800)
Netloss       (16,312,989) (16,312,989)
Ending Balance, Amount at Dec. 31, 2011 22,754 21,099,289 (24,487,242) (3,365,199)
Ending Balance, Shares at Dec. 31, 2011 22,754,308      
Issuance of common stock for services, Shares 225,000      
Issuance of common stock for services, Amount 225 269,775    270,000
Adjustment to derivative liability due to debt conversion       3,421,579
Stock-based compensation    391,410    391,410
Issuance of common stock for late payment penalty, Shares 235,441      
Issuance of common stock for late payment penalty, Amount 235 160,233    160,468
Adjustment to derivative liability due to note repayment, Shares 3,368      
Adjustment to derivative liability due to note repayment, Amount 4 1,370    1,374
Adjustment of derivative liability due to note repayment    67,958    67,958
Adjustment to derivative liability due to note conversion    3,421,579    3,421,579
Adjustment to derivative liability due to warrant cancellation, Amount    1,318    1,318
Netloss      (7,338,927) (7,338,927)
Ending Balance, Amount at Dec. 31, 2012 $ 23,218 $ 25,412,932 $ (31,826,169) $ (6,390,019)
Ending Balance, Shares at Dec. 31, 2012 23,218,117