Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Stockholders??? Equity

v3.8.0.1
Consolidated Statement of Stockholders’ Equity - USD ($)
Common Stock [Member]
Additional Paid-In Capital [Member]
Accumulated Deficit [Member]
Treasury Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Total
Balance at Dec. 31, 2015 $ 18,097 $ 63,554,194 $ (43,349,734) $ (37,117) $ 20,185,440
Balance, shares at Dec. 31, 2015 1,809,676     1,048    
Stock-based compensation $ 28 264,303 264,331
Stock-based compensation, shares 2,778        
Repurchase of common stock on vesting of restricted stock $ (7) (5,474) (5,481)
Repurchase of common stock on vesting of restricted stock, shares (735)        
Reclassification of derivative liability 781,000 781,000
Issuance of warrants in connection with Master Credit Agreement 403,458 403,458
Net proceeds from sale of common stock to Cosmic Forward Limited $ 17,774 13,550,103 13,567,877
Net proceeds from sale of common stock to Cosmic Forward Limited, shares 1,777,417          
Shares repurchased in connection with tender offer $ (3,125) (2,996,875) (3,000,000)
Shares repurchased in connection with tender offer, shares (312,500)          
Exercise of warrants $ 3,437 684,063 $ 687,500
Exercise of warrants, shares 343,750          
Sale of common stock, shares           1,777,417
Translation adjustments          
Net loss (4,108,502) (4,108,502)
Balance at Dec. 31, 2016 $ 36,204 76,234,772 (47,458,236) $ (37,117) 28,775,623
Balance, shares at Dec. 31, 2016 3,620,386     1,048    
Stock-based compensation $ 128 900,235 900,363
Stock-based compensation, shares 12,778          
Repurchase of common stock on vesting of restricted stock          
Net proceeds from sale of common stock to Cosmic Forward Limited $ 3,125 2,817,875 2,821,000
Net proceeds from sale of common stock to Cosmic Forward Limited, shares 312,500          
Shares repurchased in connection with tender offer          
Exercise of warrants          
Sale of common stock $ 182 63,336 $ 63,518
Sale of common stock, shares 18,200         312,500
Translation adjustments 28,848 $ 28,848
Net loss (22,287,549) (22,287,549)
Balance at Dec. 31, 2017 $ 39,639 $ 80,016,218 $ (69,745,785) $ (37,117) $ 28,848 $ 10,301,803
Balance, shares at Dec. 31, 2017 3,963,864     1,048