Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes in Stockholders' Equity (Deficit)

v3.3.1.900
Consolidated Statements of Changes in Stockholders' Equity (Deficit) - USD ($)
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Treasury Stock [Member]
Retained Earnings [Member]
Total
Balances (in shares) at Dec. 31, 2013 25,000 5,340,000        
Balances at Dec. 31, 2013 $ 25 $ 5,340 $ 1,546,373 $ (791,638) $ (1,980,961) $ (1,220,861)
Stock-based compensation expense     101,830     101,830
Stock Issued During Period, Shares, New Issues   3,450,000        
Issuance of common stock - IPO, net of offering costs of $2,647,396   $ 3,450 19,774,154     19,777,604
Issuance of vested restricted stock (in shares)   71,510        
Issuance of vested restricted stock   $ 72 (72)      
Conversion of preferred stock to common stock (in shares) (25,000) 1,335,000        
Conversion of preferred stock to common stock $ (25) $ 1,335 (1,310)      
Net loss         (3,031,220) (3,031,220)
Balances (in shares) at Dec. 31, 2014   10,196,510        
Balances at Dec. 31, 2014   $ 10,197 21,420,975 (791,638) (5,012,181) $ 15,627,353
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period          
Stock-based compensation expense     825,145     $ 825,145
Stock Issued During Period, Shares, New Issues   2,613,636        
Issuance of common stock - IPO, net of offering costs of $2,647,396   $ 2,614 13,020,981     13,023,595
Issuance of vested restricted stock (in shares)   259,589        
Issuance of vested restricted stock   $ 260 (260)      
Net loss         (8,797,321) (8,797,321)
Balances (in shares) at Dec. 31, 2015   13,070,180        
Balances at Dec. 31, 2015   $ 13,070 35,267,376 $ (791,638) $ (13,809,502) $ 20,679,306
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period   445       445
Stock Issued During Period, Value, Stock Options Exercised     $ 534     $ 534