• Filing Date: 2017-03-31
  • Form Type: 10-K
  • Description: Annual report
v3.7.0.1
Consolidated Statements of Changes in Stockholders' Equity - USD ($)
Preferred Stock
Common Stock
Additional Paid-in Capital
Notes Receivable for Stock Sales
Accumulated Deficit
Total
Beginning Balance - Shares at Dec. 31, 2014 2,678,909 66,027,453        
Beginning Balance - Amount at Dec. 31, 2014 $ 26,788 $ 660,274 $ 35,740,671 $ (150,000) $ (23,282,199) $ 12,995,534
Issuance of common stock to directors for services, Shares   183,825        
Issuance of common stock to directors for services, Amount   $ 1,838 123,162     125,000
Issuance of common stock to consultant for services and settlement agreement, Shares   105,000        
Issuance of common stock to consultant for services and settlement agreement, Amount   $ 1,050 56,900     57,950
Forgiveness of note receivable     (30,000) 30,000   0
Cash received on notes receivable       120,000   120,000
Net loss         (838,531) (838,531)
Ending Balance, Shares at Dec. 31, 2015 26,789,909 66,316,278        
Ending Balance, Amount at Dec. 31, 2015 $ 26,788 $ 663,162 35,890,733 0 (24,120,730) 12,459,953
Issuance of common stock to directors for services, Shares   550,000        
Issuance of common stock to directors for services, Amount   $ 5,500 132,000     137,500
Issuance of common stock to chief financial officer, Shares   200,000        
Issuance of common stock to chief financial officer, Amount   $ 2,000 52,000     54,000
Cash received on notes receivable           0
Net loss         (1,309,200) (1,309,200)
Ending Balance, Shares at Dec. 31, 2016 2,678,909 67,066,278        
Ending Balance, Amount at Dec. 31, 2016 $ 26,788 $ 670,662 $ 36,074,733 $ 0 $ (25,429,930) $ 11,342,253