v2.4.0.8
Statement of Shareholders' (Deficit) (Unaudited) (USD $)
Total
Common Stock
Preferred Stock [Member]
Additional paid-in capital
Accumulated Deficit
Beginning Balance at Dec. 31, 2013 $ (1,668,230) $ 35,987 $ 0 $ 25,330,474 $ (27,034,691)
Beginning Balance, shares at Dec. 31, 2013   17,993,694 0    
Issuance of convertible preferred stock for cash 1,500,000    3 1,499,997   
Issuance of convertible preferred stock for cash, shares      1,500    
Stock offering costs (100,000)     (100,000)  
Issuance of warrants with private placement (2,868,750)     (2,868,750)  
Issuance of common stock and warrants for antidilution clause (151,776) 2,510   (154,286)  
Issuance of common stock and warrants for antidilution clause, Shares   1,255,000      
Stock options and stock compensation 70,954     70,954  
Net income (loss) for quarter (752,288)       (752,288)
Balance at Mar. 31, 2014 (3,970,090) 38,497 3 23,778,389 (27,786,979)
Balance, shares at Mar. 31, 2014   19,248,694 1,500    
Issuance of shares for legal services 110,000 880   109,120  
Issuance of shares for legal services, Shares   440,000      
Conversion of Preferred shares to Common Shares 22,881 1,120   21,761  
Conversion of Preferred shares to Common Shares, Shares   560,237 (85)    
Stock options and stock compensation 41,040 20   41,020  
Stock options and stock compensation, Shares   10,000      
Retirement of Shares 0 (733)   733  
Retirement of Shares, Shares   (366,667)      
Declared Dividend on Preferred Shares (54,269)     (54,269)  
Net income (loss) for quarter 1,828,149       1,828,149
Balance at Jun. 30, 2014 $ (2,022,289) $ 39,784 $ 3 $ 23,896,754 $ (25,958,830)
Balance, shares at Jun. 30, 2014   19,892,264 1,415