Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited)

v3.19.3
Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - USD ($)
Convertible Preferred Stock - Series A [Member]
Convertible Preferred Stock - Series C [Member]
Convertible Preferred Stock - Series D [Member]
Common Stock [Member]
Additional Paid-In Capital [Member]
Accumulated Other Comprehensive Income [Member]
Accumulated Deficit [Member]
Total
Balance at Dec. 31, 2017 $ 11,000 $ 230 $ 5,524 $ 119,499,141   $ (156,435,278) $ (36,919,383)
Balance, shares at Dec. 31, 2017 11,000,000 229,551 5,523,673        
Common stock and warrants issued in public offering [1] $ 4,353 14,876,462   14,880,815
Common stock and warrants issued in public offering, shares [1] 4,353,000        
Common stock issued upon conversion of Series A convertible preferred stock $ (11,000) $ 550 10,450  
Common stock issued upon conversion of Series A convertible preferred stock, shares (11,000,000) 550,000        
Common stock issued in satisfaction of Series B convertible preferred stock $ 223 824,777   825,000
Common stock issued in satisfaction of Series B convertible preferred stock, shares 223,235        
Common stock issued upon conversion of Series C convertible preferred stock $ (255) $ 9,112 (8,857)  
Common stock issued upon conversion of Series C convertible preferred stock, shares (254,557) 9,111,644        
Series D convertible preferred stock issued in satisfaction of liabilities $ 12 12,004,988   12,005,000
Series D convertible preferred stock issued in satisfaction of liabilities, shares 12,005        
Common stock issued in partial satisfaction of debt and other liabilities $ 1,488 4,282,500   4,283,988
Common stock issued in partial satisfaction of debt and other liabilities, shares 1,488,021        
Warrants reclassified from derivative liabilities 36,445   36,445
Series C convertible preferred stock dividends: Accrual of dividends earned (607,800)   (607,800)
Series C convertible preferred stock dividends: Payment of dividends in kind $ 25 2,500,575   2,500,600
Series C convertible preferred stock dividends: Payment of dividends in kind, shares 25,006        
Stock-based compensation $ 932 2,664,343   2,665,275
Stock-based compensation, shares 932,328        
Beneficial conversion feature of Series B and C convertible preferred stock 23,458,931   23,458,931
Deemed dividend related to immediate accretion of beneficial conversion of Series B and C convertible preferred stock (23,458,931)   (23,458,931)
Contribution of capital - related party share transfer (see Note 8) 785,200   785,200
Net income (loss)   2,204,088 2,204,088
Balance at Mar. 31, 2018 $ 12 $ 22,182 156,868,224   (154,231,190) 2,659,228
Balance, shares at Mar. 31, 2018 12,005 22,181,901        
Balance at Dec. 31, 2017 $ 11,000 $ 230 $ 5,524 119,499,141   (156,435,278) (36,919,383)
Balance, shares at Dec. 31, 2017 11,000,000 229,551 5,523,673        
Series D convertible preferred stock issued in satisfaction of liabilities               12,005,000
Warrants reclassified from derivative liabilities               36,445
Warrants issued in satisfaction of accrued issuable equity               409,042
Restricted stock issued in satisfaction of accrued issuable equity              
Net income (loss)               (1,164,630)
Balance at Sep. 30, 2018 $ 5 $ 25,564 175,021,206   (157,599,908) 17,446,867
Balance, shares at Sep. 30, 2018 5,453 25,564,103        
Balance at Mar. 31, 2018 $ 12 $ 22,182 156,868,224   (154,231,190) 2,659,228
Balance, shares at Mar. 31, 2018 12,005 22,181,901        
Common stock issued in partial satisfaction of debt and other liabilities $ 25 69,975   70,000
Common stock issued in partial satisfaction of debt and other liabilities, shares 25,669        
Proceeds from exercise of warrants $ 4,034 17,139,022   17,143,056
Proceeds from exercise of warrants, shares 4,033,660        
Return and retirement of common stock $ (2,942) 2,942  
Return and retirement of common stock, shares (2,942,099)        
Warrants issued in satisfaction of accrued issuable equity 409,042   409,042
Common stock issued upon conversion of Series D convertible preferred stock $ (4) $ 1,400 (1,396)  
Common stock issued upon conversion of Series D convertible preferred stock, shares (4,368) 1,400,000        
Net income (loss)   (1,232,785) (1,232,785)
Balance at Jun. 30, 2018 $ 8 $ 24,699 174,487,809   (155,463,975) 19,048,541
Balance, shares at Jun. 30, 2018 7,637 24,699,131        
Stock-based compensation $ 189 601,128   601,317
Stock-based compensation, shares 188,501        
Common stock issued upon conversion of Series D convertible preferred stock $ (3) $ 700 (697)  
Common stock issued upon conversion of Series D convertible preferred stock, shares (2,184) 700,000        
Return and retirement of common stock previously held as collateral $ (24) (67,034)   (67,058)
Return and retirement of common stock previously held as collateral, shares (23,529)        
Net income (loss)   (2,135,933) (2,148,631)
Balance at Sep. 30, 2018 $ 5 $ 25,564 175,021,206   (157,599,908) 17,446,867
Balance, shares at Sep. 30, 2018 5,453 25,564,103        
Balance at Dec. 31, 2018     $ 5 $ 26,118 175,924,587 (159,856,481) 16,094,229
Balance, shares at Dec. 31, 2018     5,141 26,118,075        
Stock-based compensation     $ 52 118,684 118,736
Stock-based compensation, shares     51,724        
Return and retirement of common stock     $ (8) 8
Return and retirement of common stock, shares     (8,066)        
Common stock issued upon conversion of Series D convertible preferred stock     $ 5 (5)
Common stock issued upon conversion of Series D convertible preferred stock, shares     (16) 5,128        
Restricted stock issued in satisfaction of accrued issuable equity     $ 57 199,831 199,888
Restricted stock issued in satisfaction of accrued issuable equity, shares     56,948        
Other comprehensive income     100,686 100,686
Net income (loss)     (1,893,627) (1,893,627)
Balance at Mar. 31, 2019     $ 5 $ 26,224 176,243,105 100,686 (161,750,108) 14,619,912
Balance, shares at Mar. 31, 2019     5,125 26,223,809        
Balance at Dec. 31, 2018     $ 5 $ 26,118 175,924,587 (159,856,481) 16,094,229
Balance, shares at Dec. 31, 2018     5,141 26,118,075        
Series D convertible preferred stock issued in satisfaction of liabilities              
Warrants reclassified from derivative liabilities              
Warrants issued in satisfaction of accrued issuable equity              
Restricted stock issued in satisfaction of accrued issuable equity               252,358
Net income (loss)               (6,753,836)
Balance at Sep. 30, 2019     $ 5 $ 26,261 176,540,422 108,169 (166,610,317) 10,064,540
Balance, shares at Sep. 30, 2019     5,125 26,261,434        
Balance at Mar. 31, 2019     $ 5 $ 26,224 176,243,105 100,686 (161,750,108) 14,619,912
Balance, shares at Mar. 31, 2019     5,125 26,223,809        
Stock-based compensation     185,632 185,632
Stock-based compensation, shares            
Restricted stock issued in satisfaction of accrued issuable equity     $ 13 40,142 40,155
Restricted stock issued in satisfaction of accrued issuable equity, shares     12,995        
Other comprehensive income     40,321 40,321
Net income (loss)     (2,237,220) (2,237,220)
Balance at Jun. 30, 2019     $ 5 $ 26,237 176,468,879 141,007 (163,987,328) 12,648,800
Balance, shares at Jun. 30, 2019     5,125 26,236,804        
Stock-based compensation     $ 20 59,232 59,252
Stock-based compensation, shares     20,000        
Restricted stock issued in satisfaction of accrued issuable equity     $ 4 12,311 12,315
Restricted stock issued in satisfaction of accrued issuable equity, shares     4,630        
Net income (loss)     (32,838) (2,622,989) (2,622,989)
Balance at Sep. 30, 2019     $ 5 $ 26,261 $ 176,540,422 $ 108,169 $ (166,610,317) $ 10,064,540
Balance, shares at Sep. 30, 2019     5,125 26,261,434        
[1] Includes gross proceeds of $18,504,320, less issuance costs of $3,623,505.