Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Stockholders' Equity

v2.4.0.6
Consolidated Statements of Stockholders' Equity (USD $)
Common Stock [Member]
Additional Paid-In Capital [Member]
Accumulated deficit [Member]
Total
Beginning Balance at Dec. 31, 2009 $ 7,268 $ 5,029,240 $ (6,944,670) $ (1,908,162)
Beginning Balance (Shares) at Dec. 31, 2009 7,267,972      
Capital contributions by former parent   249,897   249,897
Notes and payables converted into common stock 2,732 1,500,866   1,503,598
Notes and payables converted into common stock (Shares) 2,732,028      
Recapitalization of CommerceTel, Inc. 7,700 8,796   16,496
Recapitalization of CommerceTel, Inc. (Shares) 7,700,000      
Stock-based compensation.   156,785   156,785
Net loss.     (1,229,583) (1,229,583)
Ending Balance at Dec. 31, 2010 17,700 6,945,584 (8,174,253) (1,210,969)
Ending Balance (Shares) at Dec. 31, 2010 17,700,000      
Issuance of common stock and warrants for cash 689 1,032,314   1,033,003
Issuance of common stock and warrants for cash (Shares) 688,669      
Issuance of common stock for acquisitions 3,945 11,314,124   11,318,069
Issuance of common stock for acquisitions (Shares) 3,944,540      
Issuance of common stock for patent rights 14 49,986   50,000
Issuance of common stock for patent rights (Shares) 14,286      
Issuance of common stock for services 253 428,747   429,000
Issuance of common stock for services (Shares) 253,298      
Notes and payables converted into common stock 153 230,118   230,271
Notes and payables converted into common stock (Shares) 153,515      
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)
Net loss.     (16,312,989) (16,312,989)
Ending Balance 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