Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT

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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT - USD ($)
Common Stock
Additional Paid-In Capital
Accumulated (Deficit)
Total
Beginning Balance, Amount at Dec. 31, 2013 $ 35,299 $ 13,789,473 $ (18,731,120) $ (4,906,348)
Beginning Balance, Shares at Dec. 31, 2013 35,299,429      
Stock issued for services, Amount $ 161 196,339 $ 196,500
Stock issued for services, Shares 161,379      
Shares issued per 2013 amended license agreement, Amount $ 1,375 (1,375)
Shares issued per 2013 amended license agreement, Shares 1,375,000      
Stock issued for interest on notes payable, Amount $ 272 256,215 $ 256,487
Stock issued for interest on notes payable, Shares 271,555      
Stock issued upon debt conversion, Amount $ 639 359,378 360,017
Stock issued upon debt conversion, Shares 639,151      
Stock and warrants issued upon conversion of liabilities, Amount $ 347 380,822 381,169
Stock and warrants issued upon conversion of liabilities, Shares 346,518      
Stock issued upon warrant exercise, Amount $ 6 7,807 $ 7,813
Stock issued upon warrant exercise, Shares 6,250      
Stock issued upon cashless warrant exercise, Amount $ 1,174 (1,174)
Stock issued upon cashless warrant exercise, Shares 1,174,059      
Sale of stock and warrants, net of issuance costs, Amount $ 955 1,003,980 $ 1,004,935
Sale of stock and warrants, net of issuance costs, Shares 954,782      
Issuance of stock options 3,122,259 3,122,259
Net loss     $ (5,007,557) (5,007,557)
Ending Balance, Amount at Dec. 31, 2014 $ 40,228 19,113,724 $ (23,738,677) (4,584,725)
Ending Balance, Shares at Dec. 31, 2014 40,228,123      
Stock issued for interest on notes payable, Amount $ 335 161,245 161,580
Stock issued for interest on notes payable, Shares 335,000      
Stock issued upon debt conversion, Amount $ 6,631 4,448,566 4,455,197
Stock issued upon debt conversion, Shares 6,630,995      
Issuance of stock options 789,087 789,087
Warrants to be issued 495,394 495,394
Net loss     $ (14,261,531) (14,261,531)
Ending Balance, Amount at Dec. 31, 2015 $ 47,194 $ 25,008,016 $ (38,000,208) $ (12,944,998)
Ending Balance, Shares at Dec. 31, 2015 47,194,118