STATEMENT OF STOCKHOLDERS' EQUITY (USD $)
Common Stock
Series C
Preferred Stock
Series D
Preferred Stock
Additional Paid-in Capital
Accumulated Deficit
Total
Balance at Dec. 31, 2010 $ 10,928     $ 55,551,402 $ (81,093,180) $ (25,530,850)
Balance (in shares) at Dec. 31, 2010 10,927,451          
Shares issued for directors' fees 2     1,998   2,000
Shares issued for directors' fees (in shares) 2,666          
Stock based compensation       152,219   152,219
Series C preferred stock dividends 0       (641,711) (641,711)
Reclassification of Series C preferred stock pursuant to amended designation   15,882   16,621,728   16,637,610
Reclassification of Series C preferred stock pursuant to amended designation (in shares)   1,588,163        
Shares issued in connection with debt conversion     13,318 14,561,871   14,575,189
Shares issued in connection with debt conversion (in shares)     1,331,814      
Accretion to redemption value of preferred stock       (99,689)   (99,689)
Net loss         (1,114,796) (1,114,796)
Balance at Jun. 30, 2011 $ 10,930 $ 15,882 $ 13,318 $ 86,789,529 $ (82,849,687) $ 3,979,972
Balance (in shares) at Jun. 30, 2011 10,930,117 1,588,163 1,331,814     Â