Quarterly report pursuant to Section 13 or 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
Retained Earnings / Accumulated Deficit
Total
Beginning Balance, Amount at Dec. 31, 2008 $ 7,268 $ 4,665,188 $ (5,542,043) $ (869,587)
Beginning Balance, Shares at Dec. 31, 2008 7,267,972      
Capital contributions by former parent   245,783    245,783
Stock-based compensation   118,269    118,269
Net Loss     (1,402,627) (1,402,627)
Ending Balance, Amount 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
Stock-based compensation   156,785    156,785
Notes and payables converted into common stock, Amount 2,732 1,500,866    1,503,598
Notes and payables converted into common stock, Shares 2,732,028      
Recapitalization of CommerceTel, Inc., Amount 7,700 8,796    16,496
Recapitalization of CommerceTel, Inc., Shares 7,700,000      
Net Loss     (1,229,583) (1,229,583)
Ending Balance, Amount 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      
Stock-based compensation   976,255    976,255
Issuance of common stock and warrants for cash, Amount 689 1,032,314    1,033,003
Issuance of common stock and warrants for cash, Shares 688,669      
Issuance of common stock for acquisitions, Amount 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, Amount 14 49,986    50,000
Issuance of common stock for patent rights, Shares 14,286      
Issuance of common stock for services, Amount 253 428,747    429,000
Issuance of common stock for services, Shares 253,298      
Notes payable converted into common stock, Amount 153 230,118    230,271
Notes payable converted into common stock, Shares 153,515      
Adjustment to derivative liability due to debt conversion   143,961    143,961
Equity offering costs   (21,800)    (21,800)
Net Loss     (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      
Stock-based compensation   314,990    314,990
Issuance of common stock for services, Amount 225 269,775    270,000
Issuance of common stock for services, Shares 225,000      
Adjustment to derivative liability due to debt conversion   1,020,859    1,020,859
Issuance of common stock for late payment, Amount 235 160,233    160,468
Issuance of common stock for late payment, Shares 235,441      
Adjustment to derivative liability due to debt repayment, Amount 4 69,329    69,332
Adjustment to derivative liability due to debt repayment, Shares 3,368      
Net Loss     (5,040,183) (5,040,183)
Ending Balance, Amount at Sep. 30, 2012 $ 23,217 $ 22,934,474 $ (29,527,425) $ (6,569,733)
Ending Balance, Shares at Sep. 30, 2012 23,218,117