Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)

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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
Convertible Series C Preferred Stock
Redeemable Convertible Series B Preferred Stock
Convertible Series A Preferred Stock
Common Stock
Additional Paid-In Capital
Warrants
Accumulated Deficit
Total
Balance at Dec. 31, 2014 $ 16,000 $ 2,257,771 $ 190,000 $ (2,917,319) $ (453,548)
Balance (in shares) at Dec. 31, 2014       16,000,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock, net of issuance costs of $3,920       $ 242 720,827     721,069
Issuance of common stock, net of issuance costs of $3,920 (in shares)       241,663        
Issuance of common stock for services       $ 24 167,976     168,000
Issuance of common stock for services (in shares)       24,000        
Issuance of Series A Preferred Stock and common stock warrants, net of issuance costs of $19,700     $ 1,317,141     113,161   1,430,302
Issuance of Series A Preferred Stock and common stock warrants, net of issuance costs of $19,700 (in shares)     580,000          
Common stock warrants issued for services           456,225   456,225
Stock based compensation expense         351,845     351,845
Issuance of Series B and Series C Preferred Stock net of issuance costs of $493,770 and $92,331 for December 31, 2015 and December 31, 2016, repectively   $ 1,580,422            
Issuance of Series B and Series C Preferred Stock net of issuance costs of $493,770 and $92,331 for December 31, 2015 and December 31, 2016, repectively (in shares)   5,000            
Conversion of Series A and Series B Preferred Stock and conversion liability into common stock at $0.80 per share and $0.80 and $0.40 per share for 2015 and 2016, respectively     $ (1,317,141) $ 1,812 2,301,329     986,000
Conversion of Series A and Series B Preferred Stock and conversion liability into common stock at $0.80 per share and $0.80 and $0.40 per share for 2015 and 2016, respectively (in shares)     (580,000) 1,812,500        
Compensation expense from issuance of restricted common stock to employees and board members       $ 1,200 61,300     62,500
Compensation expense from issuance of restricted common stock to employees and board members (in shares)       1,200,000        
Conversion of Series B and Series C Preferred Stock to common stock   $ (217,222)   $ 625 225,939     226,564
Conversion of Series B and Series C Preferred Stock to common stock (in shares)   (500)   625,000        
Net loss for the year             (4,841,161) (4,841,161)
Balance at Dec. 31, 2015 $ 1,363,200 $ 19,903 6,086,987 759,386 (7,758,480) $ (892,204)
Balance (in shares) at Dec. 31, 2015 4,500   19,903,163       19,903,163
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock for license       $ 100 49,900     $ 50,000
Issuance of common stock for license (in shares)       100,000        
Common stock warrants issued for services           78,325   78,325
Stock based compensation expense         706,368     706,368
Issuance of Series B and Series C Preferred Stock net of issuance costs of $493,770 and $92,331 for December 31, 2015 and December 31, 2016, repectively $ 407,669              
Issuance of Series B and Series C Preferred Stock net of issuance costs of $493,770 and $92,331 for December 31, 2015 and December 31, 2016, repectively (in shares) 500              
Conversion of Series A and Series B Preferred Stock and conversion liability into common stock at $0.80 per share and $0.80 and $0.40 per share for 2015 and 2016, respectively   $ (193,537)   $ 1,162 206,207     207,369
Conversion of Series A and Series B Preferred Stock and conversion liability into common stock at $0.80 per share and $0.80 and $0.40 per share for 2015 and 2016, respectively (in shares)   (469)   1,162,500        
Conversion of Series B and Series C Preferred Stock to common stock $ (114,000)     $ 398 113,602     114,000
Conversion of Series B and Series C Preferred Stock to common stock (in shares) (114)     397,500        
Beneficial conversion feature upon issuanceof Series C Preferred Stock         325,000     325,000
Deemed dividend from beneficial conversion feature of Series C Preferred Stock         (325,000)     (325,000)
Net loss for the year             (3,178,093) (3,178,093)
Balance at Dec. 31, 2016 $ 293,669 $ 1,169,663   $ 21,563 $ 7,163,064 $ 837,711 $ (10,936,573) $ (2,914,235)
Balance (in shares) at Dec. 31, 2016 386 4,031 21,563,163       21,563,163