Annual report pursuant to section 13 and 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

v2.4.0.6
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)
Total
Convertible Promissory Notes
Series B Preferred Stock
Series C Preferred Stock
Series D Preferred Stock
Preferred Stock
Preferred Stock
Series B Preferred Stock
Preferred Stock
Series C Preferred Stock
Preferred Stock
Series D Preferred Stock
Common Stock
Common Stock
Convertible Promissory Notes
Common Stock
Series B Preferred Stock
Additional Paid-in Capital
Additional Paid-in Capital
Convertible Promissory Notes
Additional Paid-in Capital
Series B Preferred Stock
Accumulated Deficit
Beginning Balance at Dec. 31, 2010 $ 13,159,611                 $ 16,246     $ 49,386,782     $ (36,243,417)
Beginning Balance (in shares) at Dec. 31, 2010                   16,245,503            
Exercise of warrants, (in shares)                   207,235            
Exercise of warrants 319,750                 207     319,543      
Stock-based compensation 301,037                       301,037      
Net loss (5,469,070)                             (5,469,070)
Ending Balance at Dec. 31, 2011 8,311,328                 16,453     50,007,362     (41,712,487)
Ending Balance (in shares) at Dec. 31, 2011 16,452,738                 16,452,738            
Stock-based compensation 44,983                       44,983      
Issuance of stock, net of issuance costs (in shares)             600,000 10,000 11,177              
Issuance of stock, net of issuance costs     5,195,225 9,936,326 943,672     9,936,326 943,672           5,195,225  
Accretion of Series B preferred stock beneficial conversion feature             5,195,225               (5,195,225)  
Issuance of convertible stock (in shares)             (599,998)       1,000,000 46,153,692        
Issuance of convertible stock   587,900         (5,195,208)       1,000 46,154   586,900 5,149,054  
Accrual of dividends on Series C convertible preferred stock (30,556)                       (30,556)      
Issuance of common stock for Seesmart acquisition (in shares)                   6,607,050            
Issuance of common stock for Seesmart acquisition 4,294,583                 6,607     4,287,976      
Fees associated with issuances of common stock (10,000)                       (10,000)      
Net loss (8,577,479)                             (8,577,479)
Ending Balance at Dec. 31, 2012 $ 20,695,982         $ 10,880,015       $ 70,214     $ 60,035,719     $ (50,289,966)
Ending Balance (in shares) at Dec. 31, 2012 70,213,480         21,179       70,213,480