Annual report pursuant to Section 13 and 15(d)

Statements of Stockholders' Equity

v3.19.1
Statements of Stockholders' Equity - USD ($)
Preferred Stock [Member]
Series A Preferred Stock [Member]
Preferred Stock [Member]
Series B Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance (in shares) at Dec. 31, 2016 416,666 2,118,100 1,643,056      
Balance at Dec. 31, 2016 $ 417 $ 2,118 $ 1,643 $ 20,445,460 $ (22,775,715) $ (2,326,077)
Share-based compensation (in shares) 177,500      
Share-based compensation $ 178 585,928 586,106
Accrued preferred dividends (1,280,000) (1,280,000)
Net loss (7,480,624) (7,480,624)
Capital contributions – debt forgiveness          
Balance (in shares) at Dec. 31, 2017 416,666 2,118,100 1,820,556      
Balance at Dec. 31, 2017 $ 417 $ 2,118 $ 1,821 21,031,388 (31,536,339) (10,500,595)
Share-based compensation (in shares) 177,500      
Share-based compensation $ 177 938,007 938,184
Accrued preferred dividends (1,280,000) (1,280,000)
Net loss (9,314,936) (9,314,936)
Debt discount on convertible notes and notes payable – issuance of warrants 466,754 466,754
Capital contributions – debt forgiveness 132,708 132,708
Balance (in shares) at Dec. 31, 2018 416,666 2,118,100 1,998,056      
Balance at Dec. 31, 2018 $ 417 $ 2,118 $ 1,998 $ 22,568,857 $ (42,131,275) $ (19,557,885)