Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parentheticals)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Parentheticals) - USD ($)
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Common stock issuance costs   $ 3,920
Warrants issued to purchase shares of common stock for consulting services (in shares) 22,425 446,225
Value of warrants issued to purchase shares of common stock for consulting services   $ 168,000
Warrants issued in exchange for extinguishment of trade accounts payable   10,000
Preferred deemed dividend $ 325,000  
Series A Preferred stock    
Preferred stock issuance costs   $ 19,700
Series B Preferred Stock    
Preferred stock issuance costs   $ 407,521
Series C Preferred Stock    
Preferred stock issuance costs [1] $ 92,331  
[1] During the year ended December 31, 2016 a preferred deemed dividend of $325,000 was recognized.