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General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Statements of Shareholders Equity (Unaudited)

v2.4.0.6
Condensed Consolidated Statements of Shareholders Equity (Unaudited) (USD $)
Preferred Stock Series B
Preferred Stock Series C
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Total
Beginning balance, amount at Dec. 31, 2011 $ 368 $ 11,307 $ 11,838 $ 3,275,296 $ (5,326,370) $ (2,027,561)
Beginning balance, shares at Dec. 31, 2011 368,411 11,307,450 11,837,930      
Conversion of all preferred shares into common shares, shares (368,411) (11,307,450) 13,667,274      
Conversion of all preferred shares into common shares, amount (368) (11,307) 13,677 3,467,983   0
Recapitalization, shares     9,760,000      
Recapitalization, amount     9,760 (30,629)   (20,869)
Conversion of convertible notes into common shares, shares     20,000      
Conversion of convertible notes into common shares, amount     20 19,980   20,000
Stock-based compensation       113,124   113,124
Net loss         (3,593,340) (3,454,400)
Ending balance, amount at Jun. 30, 2012     $ 35,295 $ 6,845,754 $ (8,919,710) $ (2,038,661)
Ending balance, shares at Jun. 30, 2012     35,295,204