Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY

v3.4.0.3
CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - 3 months ended Mar. 31, 2016 - USD ($)
Total
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Accumulated Other Comprehensive Loss [Member]
Treasury Stock [Member]
Balance at Dec. 31, 2015 $ 14,891,950 $ 232 $ 10,346 $ 24,549,889 $ (9,147,507) $ (398,979) $ (122,031)
Balance (in shares) at Dec. 31, 2015   231,616 10,345,351        
Net loss (1,983,586) $ 0 $ 0 0 (1,983,586) 0 0
Foreign currency translation adjustment 19,546 0 0 0 0 19,546 0
Restricted share units vested 0 $ 0 $ 325 (325) 0 0 0
Restricted share units vested (in shares)   0 325,000        
Stock-based compensation expense 476,917 $ 0 $ 0 476,917 0 0 0
Purchase of common stock (427,123) 0 0 0 0 0 (427,123)
Preferred stock dividends (159,236) 0 0 (159,236) 0 0 0
Balance at Mar. 31, 2016 $ 12,818,468 $ 232 $ 10,671 $ 24,867,245 $ (11,131,093) $ (379,433) $ (549,154)
Balance (in shares) at Mar. 31, 2016   231,616 10,670,351