Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Notes Receivable from Stockholders [Member]
AOCI Attributable to Parent [Member]
Total
Balance at Dec. 31, 2013 $ 201,632 $ 229,917,341 $ (183,096,572) $ (908,054) $ 1,862,629 $ 47,976,976
Balance (in Shares) at Dec. 31, 2013 20,163,163          
Stock based compensation   1,411,970       1,411,970
Restricted stock issued $ 3,441 (3,441)        
Restricted stock issued (in Shares) 344,106          
Sales of stock, net of offering costs $ 32,890 10,665,282       10,698,172
Sales of stock, net of offering costs (in Shares) 3,289,000          
Purchase of treasury shares $ (1,000) (228,042)       (229,042)
Purchase of treasury shares (in Shares) (100,000)          
Issuance of stock – acquisition $ 7,750 4,208,250       4,216,000
Issuance of stock – acquisition (in Shares) 775,000          
Restricted stock units vested $ 618 (618)        
Restricted stock units vested (in Shares) 61,852          
Foreign currency translation adjustment         (1,205,589) (1,205,589)
Net loss     3,486,961     3,486,961
Balance at Dec. 31, 2014 $ 245,331 245,970,742 (179,609,611) (908,054) 657,040 66,355,448
Balance (in Shares) at Dec. 31, 2014 24,533,121          
Stock based compensation   622,315       622,315
Restricted stock issued $ 570 (570)        
Restricted stock issued (in Shares) 57,028          
Restricted stock units vested $ 1,072 (1,072)        
Restricted stock units vested (in Shares) 107,186          
Foreign currency translation adjustment         14,634 14,634
Net loss     (2,945,026)     (2,945,026)
Balance at Dec. 31, 2015 $ 246,973 246,591,415 (182,554,637) (908,054) 671,674 $ 64,047,371
Balance (in Shares) at Dec. 31, 2015 24,697,335         24,697,335
Stock based compensation   878,007       $ 878,007
Restricted stock issued $ 3,107 (3,107)        
Restricted stock issued (in Shares) 310,735          
Sales of stock, net of offering costs $ 15,000 2,937,999       2,952,999
Sales of stock, net of offering costs (in Shares) 1,500,000          
Restricted stock units vested $ 562 (562)        
Restricted stock units vested (in Shares) 56,202          
Restricted stock forfeitures $ (1,260) 1,260        
Restricted stock forfeitures (in Shares) (126,038)          
Foreign currency translation adjustment         54,925 54,925
Net loss     (2,848,256)     (2,848,256)
Balance at Dec. 31, 2016 $ 264,382 $ 250,405,012 $ (185,402,893) $ (908,054) $ 726,599 $ 65,085,046
Balance (in Shares) at Dec. 31, 2016 26,438,234         26,438,234