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Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIENCY)

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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIENCY) (USD $)
Total
Preferred Stock Series B [Member]
Preferred Stock Series C [Member]
Common Stock [Member]
Additional Paid-In Capital [Member]
Treasury Stock [Member]
Accumulated Deficit [Member]
Beginning balance at Dec. 31, 2011 $ (2,027,561) $ 368 $ 11,307 $ 11,838 $ 3,275,296    $ (5,326,370)
Beginning balance, shares at Dec. 31, 2011   368,411 11,307,450 11,837,930      
Conversion of all preferred shares into common shares 3,469,985 (368) (11,307) 13,677 3,467,983    
Conversion of all preferred shares into common shares, shares   (368,411) (11,307,450) 13,677,274      
Recapitalization (20,869)     9,760 (30,629)    
Recapitalization, shares       9,760,000      
Conversion of convertible notes into common shares 1,775,825     5,293 1,770,532    
Conversion of convertible notes into common shares, shares       5,293,152      
Issuance of common shares and warrants for cash, net of offering costs 3,025,236     9,920 3,015,316    
Issuance of common shares and warrants for cash, net of offering costs, shares       9,920,000      
Issuance of common shares and warrants to settle accrued interest 70,654     203 70,451    
Issuance of common shares and warrants to settle accrued interest, shares       202,446      
Treasury shares acquired for cash (202,000)     (264) (131,736) (70,000)  
Treasury shares acquired for cash, shares       (264,000)      
Issuance of common shares for services 70,000     200 69,800    
Issuance of common shares for services, shares       200,000      
Issuance of common shares and warrants for services 43,000     100 42,900    
Issuance of common shares and warrants for services, shares       100,000      
Issuance of stock options to officers to settle accrued payroll 238,562       238,562    
Issuance of stock options to officers to settle note payable 22,000       22,000    
Stock-based compensation 347,657       347,657    
Shares issued for price protection       4,517 (4,517)    
Shares issued for price protection, shares       4,516,917      
Net loss (6,010,734)           (6,010,734)
Ending balance at Dec. 31, 2012 801,755       55,244 12,153,615 (70,000) (11,337,104)
Ending balance, shares at Dec. 31, 2012         55,243,719      
Issuance of common shares and warrants for cash, net of offering costs 1,041,540     3,329 1,038,211    
Issuance of common shares and warrants for cash, net of offering costs, shares       3,329,503      
Stock-based compensation 154,062       154,062    
Net loss (1,402,982)           (1,402,982)
Ending balance at Apr. 30, 2013 594,375       58,573 13,345,888 (70,000) (12,740,086)
Ending balance, shares at Apr. 30, 2013 58,373,222       58,573,222      
Issuance of common shares for services 216,000     617 215,383    
Issuance of common shares for services, shares       617,143      
Offering cost for professional services from private placement (48,240)       (48,240)    
Stock-based compensation 608,429       608,429    
Warrants issued in financing 483,881       483,881    
Warrants exercised 804,049     7,006 797,043    
Warrants exercised, shares       7,006,064      
Warrant Modification 156,952       156,952    
Shares issued for price protection       3,271 (3,271)    
Shares issued for price protection, shares       3,270,678      
Issuance of common shares for cash 750,000     3,947 746,053    
Issuance of common shares for cash, shares       3,947,371      
Net loss (5,350,348)           (5,350,348)
Ending balance at Apr. 30, 2014 $ (1,784,902)       $ 73,414 $ 16,302,118 $ (70,000) $ (18,090,434)
Ending balance, shares at Apr. 30, 2014 73,214,478       73,414,478