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SHAREHOLDERS' EQUITY (Tables)
9 Months Ended
Sep. 30, 2013
SHAREHOLDERS' EQUITY  
Schedule of changes in shareholders' equity

 

 

 

 

Common Stock

 

Paid-In

 

Accumulated

 

Treasury

 

 

 

Shares

 

Amount

 

Capital

 

Deficit

 

Stock

 

Balances, December 31, 2012

 

16,150,163

 

$

16,154

 

$

207,338,549

 

$

(162,201,908

)

$

(9,418

)

Net loss

 

 

 

 

(11,946,442

)

 

 

Stock compensation expense

 

 

 

299,286

 

 

 

Common stock issued - payment of loan principal and interest services

 

1,992,127

 

1,992

 

5,093,841

 

 

 

Common stock issued - shareholder rights offering

 

1,547,843

 

1,548

 

3,597,884

 

 

 

Common stock issued for services

 

83,200

 

83

 

291,417

 

 

 

Restricted stock issuance

 

326,925

 

327

 

(327

)

 

 

Balances, September 30, 2013

 

20,100,258

 

$

20,104

 

$

216,620,650

 

$

(174,148,350

)

$

(9,418

)