General form of registration statement for all companies including face-amount certificate companies

CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY

v3.2.0.727
CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - USD ($)
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings (Accumulated Deficit) [Member]
Accumulated Other Comprehensive Loss [Member]
Balance at Dec. 31, 2012 $ 406,077 $ 5,102 $ 251,628 $ 227,117 $ (77,770)
Balance (in shares) at Dec. 31, 2012   5,101,770      
Net loss (177,996) $ 0 0 (177,996) 0
Foreign currency translation adjustment (109,584) [1] 0 0 0 (109,584)
Effect of valuation allowance against deferred tax asset related to foreign currency translation adjustment (64,213)        
Balance at Dec. 31, 2013 118,497 $ 5,102 251,628 49,121 (187,354)
Balance (in shares) at Dec. 31, 2013   5,101,770      
Net loss (4,509,250) $ 0 0 (4,509,250) 0
Foreign currency translation adjustment (21,608) [1] 0 0 0 120,337
Effect of valuation allowance against deferred tax asset related to foreign currency translation adjustment (141,945) 0 0 0 (141,945)
Issuance of common stock, net of fees and expenses of issuance 16,284,568 $ 4,080 16,280,488 0 0
Issuance of common stock, net of fees and expenses of issuance (in shares)   4,080,000      
Shares issued on conversion of note 587,835 $ 118 587,717 0 0
Shares issued on conversion of note (in shares)   117,567      
Shares issued to acquired businesses 1,601,677 $ 412 1,601,265 0 0
Shares issued to acquired businesses (in shares)   412,267      
Stock-based compensation expense 258,878 $ 0 258,878 0 0
Balance at Dec. 31, 2014 14,320,597 $ 9,712 18,979,976 (4,460,129) (208,962)
Balance (in shares) at Dec. 31, 2014   9,711,604      
Net loss (2,653,288) $ 0 0 (2,653,288) 0
Foreign currency translation adjustment (87,495) [2] 0 0 0 (87,495)
Forfeiture of shares issued to acquired businesses (132,880) $ (54) (132,826) 0 0
Forfeiture of shares issued to acquired businesses (in shares)   (53,797)      
Restricted share units vested 0 $ 64 (64) 0 0
Restricted share units vested (in shares)   64,167      
Stock-based compensation expense 212,744 $ 0 212,744 0 0
Balance at Jun. 30, 2015 $ 11,659,678 $ 9,722 $ 19,059,830 $ (7,113,417) $ (296,457)
Balance (in shares) at Jun. 30, 2015   9,721,974      
[1] Net of taxes of $141,945 and $64,213 for the years ended December 31, 2014 and December 31, 2013, respectively.
[2] Net of taxes of $7,105 and $60,288 for the three and six months ended June 30, 2014, respectively. No tax effect has been recorded in 2015 as the Company recorded a valuation allowance against the tax benefit from its foreign currency translation adjustment.