Annual report pursuant to section 13 and 15(d)

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

v2.4.0.8
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (USD $)
Common Stock
Common Stock to be Issued
Additional Paid-In Capital
Deferred Compensation
Deficit Accumulated During the Development Stage
Total
Beginning Balance, Amount at Feb. 17, 1998 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Beginning Balance, Shares at Feb. 17, 1998 0          
Issuance of common stock, Amount 10,030   14,270     24,300
Issuance of common stock, Shares 10,030,000          
Net loss         (21,307) (21,307)
Ending Balance, Amount at Dec. 31, 1998 10,030   14,270   (21,307) 2,993
Ending Balance, Shares at Dec. 31, 1998 10,030,000          
Issuance of common stock, Amount 198   516,738     516,936
Issuance of common stock, Shares 198,003          
Issuance of common stock for ZEFS, Amount 5,000         5,000
Issuance of common stock for ZEFS, Shares 5,000,000          
Common stock issued for services, Amount 69   49,444     49,513
Common stock issued for services, Shares 69,122          
Net loss         (1,075,264) (1,075,264)
Ending Balance, Amount at Dec. 31, 1999 15,297   580,452   (1,096,571) (500,822)
Ending Balance, Shares at Dec. 31, 1999 15,297,125          
Common stock issued for services, Amount 306   588,704     589,010
Common stock issued for services, Shares 305,810          
Stock issued for employee compensation, Amount 42   137,378     137,420
Stock issued for employee compensation, Shares 42,000          
Stock issued for directors fees, Amount 56   195,584     195,640
Stock issued for directors fees, Shares 56,000          
Common stock cancelled, Amount (55)   (64,245)     (64,300)
Common stock cancelled, Shares (55,000)          
Net loss         (1,270,762) (1,270,762)
Ending Balance, Amount at Dec. 31, 2000 15,646   1,437,873   (2,367,333) (913,814)
Ending Balance, Shares at Dec. 31, 2000 15,645,935          
Fair value of options issued to non-employees     142,318     142,318
Intrinsic value of options issued to employees     2,600,000 (2,600,000)    
Common stock issued for services, Amount 1,340   1,031,231     1,032,571
Common stock issued for services, Shares 1,339,912          
Stock issued for directors fees, Amount 1,100   1,008,900     1,010,000
Stock issued for directors fees, Shares 1,100,000          
Amortization of deferred compensation       191,667   191,667
Net loss         (2,735,013) (2,735,013)
Ending Balance, Amount at Dec. 31, 2001 18,086   6,220,322 (2,408,333) (5,102,346) (1,272,271)
Ending Balance, Shares at Dec. 31, 2001 18,085,847          
Issuance of common stock, Amount   389,875       389,875
Fair value of options issued to non-employees     54,909 (54,909)    
Stock issued for directors fees, Amount 2,150   857,850     860,000
Stock issued for directors fees, Shares 2,150,000          
Amortization of deferred compensation       891,182   891,182
Net loss         (2,749,199) (2,749,199)
Ending Balance, Amount at Dec. 31, 2002 20,236 389,875 7,133,081 (1,572,060) (7,851,545) (1,880,413)
Ending Balance, Shares at Dec. 31, 2002 20,235,847          
Common stock issued previously paid for, Amount 2,305 (433,750) 431,445      
Common stock issued previously paid for, Shares 2,305,000          
Issuance of common stock, Amount 9,504 6,250 2,366,439     2,382,193
Issuance of common stock, Shares 9,504,000          
Common stock issued for convertible debt, Amount 2,000   498,000     500,000
Common stock issued for convertible debt, Shares 2,000,000          
Common stock issued for services, Amount 83   45,794     45,877
Common stock issued for services, Shares 83,414          
Finders' fees related to stock issuances   43,875 (312,582)     (268,707)
Amortization of deferred compensation       863,727   863,727
Net loss         (2,476,063) (2,476,063)
Ending Balance, Amount at Dec. 31, 2003 34,128 6,250 10,162,177 (708,333) (10,327,608) (833,386)
Ending Balance, Shares at Dec. 31, 2003 34,128,261          
Common stock issued previously paid for, Amount 25 (6,250) 6,225      
Common stock issued previously paid for, Shares 25,000          
Issuance of common stock, Amount 1,273 119,000 1,271,227     1,391,500
Issuance of common stock, Shares 1,272,500          
Common stock issued for convertible debt, Amount 60   91,740     91,800
Common stock issued for convertible debt, Shares 60,000          
Common stock issued upon exercise of warrants and options, Amount 960   193,240     194,200
Common stock issued upon exercise of warrants and options, Shares 960,500          
Fair value of options issued to non-employees     55,381 (55,381)    
Common stock issued for services, Amount 1,268   1,388,663     1,389,931
Common stock issued for services, Shares 1,268,560          
Stock issued for directors fees, Amount 50   74,950     75,000
Stock issued for directors fees, Shares 50,000          
Finders' fees related to stock issuances     (88,384)      
Common stock issued for patent settlement, Amount 20   24,780     24,800
Common stock issued for patent settlement, Shares 20,000          
Amortization of deferred compensation       936,537   936,537
Fair value of options issued to employees     248,891 (248,891)    
Fair value of warrants issued     1,614,138     1,614,138
Net loss         (6,803,280) (6,803,280)
Ending Balance, Amount at Dec. 31, 2004 37,784 119,000 15,043,028 (76,068) (17,130,888) (2,007,144)
Ending Balance, Shares at Dec. 31, 2004 37,784,821          
Common stock issued previously paid for, Amount 119 (119,000) 118,881      
Common stock issued previously paid for, Shares 119,000          
Issuance of common stock, Amount 1,530   1,528,970     1,530,500
Issuance of common stock, Shares 1,530,500          
Common stock issued upon exercise of warrants and options, Amount 1   199     200
Common stock issued upon exercise of warrants and options, Shares 500          
Fair value of warrants and beneficial conversion feature of issued convertible notes     1,453,181     1,453,181
Finders' fees related to stock issuances     (109,840)     (109,840)
Amortization of deferred compensation       177,631   177,631
Fair value of options issued to employees     243,750 (243,750)    
Fair value of options issued for settlement costs     31,500     31,500
Fair value of warrants issued     18,462     18,462
Common stock to be issued for settlement of payables   612,521       612,521
Common stock cancelled, Amount (8,047)   8,047      
Common stock cancelled, Shares (8,047,403)          
Net loss         (3,115,186) (3,115,186)
Ending Balance, Amount at Dec. 31, 2005 31,387 612,521 18,336,178 (142,187) (20,246,074) (1,408,175)
Ending Balance, Shares at Dec. 31, 2005 31,387,418          
Common stock issued previously paid for, Amount 847 (612,521) 611,674      
Common stock issued previously paid for, Shares 846,549          
Issuance of common stock, Amount 1,360 60,000 2,401,048     2,462,408
Issuance of common stock, Shares 1,360,537          
Common stock issued for convertible debt, Amount 3,417   2,356,449     2,359,866
Common stock issued for convertible debt, Shares 3,416,186          
Common stock issued upon exercise of warrants and options, Amount 2,584   1,794,944     1,797,528
Common stock issued upon exercise of warrants and options, Shares 2,583,533          
Fair value of warrants and beneficial conversion feature of issued convertible notes     1,260     1,259,696
Finders' fees related to stock issuances     (284,579)     (284,579)
Common stock to be issue for out of line of credit, Amount 487   379,610     380,097
Common stock to be issue for out of line of credit, Shares 487,483          
Fair value of options issued to employees     2,253,263     2,253,263
Fair value of options issued for settlement costs     31,500     31,500
Fair value of options and warrants issued for services     463,627     463,627
Write off of deferred compensation     (142,187) 142,187    
Fees paid on equity line of credit     (30,402)     (30,402)
Net loss         (10,181,523) (10,181,523)
Ending Balance, Amount at Dec. 31, 2006 40,082 60,000 29,430,821 0 (30,427,597) (896,694)
Ending Balance, Shares at Dec. 31, 2006 40,081,757          
Common stock issued previously paid for, Amount 2,598 (60,000) 57,402      
Common stock issued previously paid for, Shares 2,597,524          
Common stock issued for convertible debt, Amount 1,911   524,569     526,480
Common stock issued for convertible debt, Shares 1,910,711          
Common stock issued for services, Amount   4,000       4,000
Fair value of warrants and beneficial conversion feature of issued convertible notes     1,253,548     1,253,548
Common stock to be issue for out of line of credit, Amount 1,880   990,175     992,055
Common stock to be issue for out of line of credit, Shares 1,880,421          
Fair value of options issued to employees     67,592     67,592
Fair value of options and warrants issued for services     35,340     35,340
Fees paid on equity line of credit     (79,364)     (79,364)
Net loss         (6,262,743) (6,262,743)
Ending Balance, Amount at Dec. 31, 2007 46,471 4,000 32,280,083   (36,690,340) (4,359,786)
Ending Balance, Shares at Dec. 31, 2007 46,470,413          
Common stock issued for convertible debt, Amount 5,574 16,500 1,936,171     1,958,245
Common stock issued for convertible debt, Shares 5,575,082          
Common stock issued upon exercise of warrants and options, Amount 1,065   531,260     532,325
Common stock issued upon exercise of warrants and options, Shares 1,064,650          
Common stock issued for services, Amount 2,409 (4,000) 520,220     518,629
Common stock issued for services, Shares 2,408,850          
Fair value of warrants and beneficial conversion feature of issued convertible notes     1,323,077     1,323,077
Fair value of options issued to employees     645,745     645,745
Common stock issued for Morale/ Matthews settlement, Amount 7,422   2,776,289     2,783,711
Common stock issued for Morale/ Matthews settlement, Shares 7,421,896          
Fair value of warrants issued to PIPE holders     116,913     116,913
Net loss         (6,052,724) (6,052,724)
Ending Balance, Amount at Dec. 31, 2008 62,941 16,500 40,129,758   (42,743,064) (2,533,865)
Ending Balance, Shares at Dec. 31, 2008 62,940,891          
Common stock issued for settlement of accounts payable, Amount 496   128,986     129,482
Common stock issued for settlement of accounts payable, Shares 495,615          
Common stock and warrants issued to induce conversion of notes, Amount 460   300,243     300,703
Common stock and warrants issued to induce conversion of notes, Shares 459,732          
Common stock issued upon exercise of options, Amount 83   22,417     22,500
Common stock issued upon exercise of options, Shares 83,333          
Common stock issued for services, Amount 1,482   595,438     596,920
Common stock issued for services, Shares 1,482,000          
Fair value of warrants and beneficial conversion feature of issued convertible notes     540,324     540,324
Common stock issued for previously converted notes, Amount 97 (16,500) 16,403      
Common stock issued for previously converted notes, Shares 97,059          
Fair value of warrants issued to shareholder for loan     1,248     1,248
Fair value of options and warrants issued as compensation     89,802     89,802
Net loss         (6,194,950) (6,194,950)
Ending Balance, Amount at Dec. 31, 2009 71,289   43,255,773   (48,938,014) (5,610,952)
Ending Balance, Shares at Dec. 31, 2009 71,289,396          
Common stock issued for settlement of accounts payable, Amount 12   4,109     4,121
Common stock issued for settlement of accounts payable, Shares 12,121          
Common stock and warrants issued to induce conversion of notes, Amount 225   118,893     119,118
Common stock and warrants issued to induce conversion of notes, Shares 224,751          
Common stock issued for convertible debt, Amount 15,851   4,401,566     4,417,417
Common stock issued for convertible debt, Shares 15,851,272          
Common stock issued upon exercise of options, Amount 196   52,604     52,800
Common stock issued upon exercise of options, Shares 195,555          
Common stock issued for services, Amount 3,710   1,381,427     1,385,137
Common stock issued for services, Shares 3,710,099          
Stock issued for employee compensation, Amount 170   91,530     91,700
Stock issued for employee compensation, Shares 170,000          
Fair value of warrants and beneficial conversion feature of issued convertible notes     2,305,311     2,305,311
Fair value of options and warrants issued for services     126,000     126,000
Fair value of options and warrants issued as compensation     138,733     138,733
Fair value of warrants issued to induce conversion of convertible debt     49,222     49,222
Net loss         (9,494,906) (9,494,906)
Ending Balance, Amount at Dec. 31, 2010 91,453 0 51,925,168   (58,432,920) (6,416,299)
Ending Balance, Shares at Dec. 31, 2010 91,453,194          
Common stock issued for convertible debt, Amount 19,862   4,945,508     4,965,370
Common stock issued for convertible debt, Shares 19,861,478          
Common stock issued upon exercise of warrants and options, Amount 81   (81)      
Common stock issued upon exercise of warrants and options, Shares 81,020          
Common stock issued upon exercise of options, Amount 78   20,922     21,000
Common stock issued upon exercise of options, Shares 77,778          
Common stock issued for services, Amount 2,800   859,200     862,000
Common stock issued for services, Shares 2,800,000          
Fair value of warrants and beneficial conversion feature of issued convertible notes     5,666,345     5,666,345
Fair value of options and warrants issued as compensation     2,240,961     2,240,961
Fair value of warrants issued to consultants     411,888     411,888
Net loss         (10,856,547) (10,856,547)
Ending Balance, Amount at Dec. 31, 2011 114,274   66,069,911   (69,289,467) (3,105,282)
Ending Balance, Shares at Dec. 31, 2011 114,273,470          
Common stock issued for convertible debt, Amount 14,305   3,775,329     3,789,634
Common stock issued for convertible debt, Shares 14,305,156          
Common stock issued upon exercise of warrants and options, Amount 11,787   3,305,394     3,317,181
Common stock issued upon exercise of warrants and options, Shares 11,787,277          
Common stock issued upon exercise of options, Amount 777   363,923     364,700
Common stock issued upon exercise of options, Shares 776,667          
Common stock issued for services, Amount 2,525   1,225,725     1,228,250
Common stock issued for services, Shares 2,525,000          
Fair value of warrants and beneficial conversion feature of issued convertible notes     1,888,211     1,888,211
Fair value of options and warrants issued as compensation     2,070,426     2,070,426
Fair value of warrants issued to consultants     641,747     641,747
Net loss         (13,092,387) (13,092,387)
Ending Balance, Amount at Dec. 31, 2012 143,668   79,340,666   (82,381,854) (2,897,520)
Ending Balance, Shares at Dec. 31, 2012 143,667,570          
Common stock issued upon exercise of warrants and options, Amount 29,152   8,448,066     8,477,218
Common stock issued upon exercise of warrants and options, Shares 29,152,389          
Common stock issued for services, Amount 50   48,950     49,000
Common stock issued for services, Shares 50,000          
Stock issued for employee compensation, Amount 325   369,788     370,113
Stock issued for employee compensation, Shares 325,455          
Common stock issued for patent settlement, Amount 3,048   3,105,299     3,108,347
Common stock issued for patent settlement, Shares 3,047,403          
Fair value of options and warrants issued for services     4,394,851     4,394,851
Fair value of warrants issued     129,622     129,622
Fair value of warrants issued to consultants     100,694     100,694
Net loss         (10,657,009) (10,657,009)
Ending Balance, Amount at Dec. 31, 2013 $ 176,243   $ 95,937,936   $ (93,038,863) $ 3,075,316
Ending Balance, Shares at Dec. 31, 2013 176,242,817