Annual report pursuant to Section 13 and 15(d)

Statements of Changes in Stockholders' Equity

v3.7.0.1
Statements of Changes in Stockholders' Equity - USD ($)
Total
Common Stock
APIC
Accumulated Deficit
Convertible Series B Preferred
Beginning balance at Dec. 31, 2014 $ 1,069,604 $ 12,915 $ 5,507,616 $ (4,456,327) $ 5,400
Beginning balance, Shares at Dec. 31, 2014   12,915,343     5,400,000
Stock based compensation 396,850 396,850
Conversion of Series B Preferred Stock to common stock $ 5,400 $ (5,400)
Conversion of Series B Preferred Stock to common stock, Shares   5,400,000     (5,400,000)
Proceeds from the initial public offering, net 10,253,484 $ 11,250 10,242,234
Proceeds from the initial public offering, net, Shares   11,250,000      
Proceeds from the concurrent offering 2,700,000 $ 2,700 2,697,300
Proceeds from the concurrent offering, Shares   2,700,000      
Exercise of compensation options 55,548 $ 56 55,492
Exercise of compensation options, Shares   55,548      
Deferred offering costs - initial public offering (785,197) (785,197)
Net loss (3,878,210) (3,878,210)
Ending balance at Dec. 31, 2015 9,812,079 $ 32,321 18,114,295 (8,334,537)  
Ending balance, Shares at Dec. 31, 2015   32,320,891      
Stock based compensation 735,429 735,429
Exercise of employee stock options 2,600 $ 10 2,590
Exercise of employee stock options, Shares   10,000      
Exercise of compensation options 731,085 $ 731 730,354
Exercise of compensation options, Shares   731,100      
Exercise of warrants 3,491,780 $ 1,746 3,490,034
Exercise of warrants, Shares   1,745,890      
Net loss (6,074,999) (6,074,999)
Ending balance at Dec. 31, 2016 $ 8,697,974 $ 34,808 $ 23,072,702 $ (14,409,536)
Ending balance, Shares at Dec. 31, 2016   34,807,881