Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (unaudited)

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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (unaudited) - 6 months ended Jun. 30, 2016 - USD ($)
Total
Common stock
Additional paid-in capital
Accumulated deficit
Accumulated other comprehensive (loss) income
Total stockholders' (loss) income equity
Noncontrolling interest
Beginning balance (in shares) at Dec. 31, 2015 24,972,515 24,972,515          
Beginning balance at Dec. 31, 2015 $ 19,604,974 $ 2,497 $ 31,778,266 $ (11,074,708) $ (420,383) $ 20,285,672 $ (680,698)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock based compensation expense 379,928   379,928     379,928  
Cancellation of shares upon expiration of warrants (in shares)   (1,437,500)          
Cancellation of shares upon expiration of warrants   $ (143) 143        
Rights Offering (in shares)   1,454,545          
Rights Offering 3,862,990 $ 145 3,862,845     3,862,990  
Adjustments to Additional Paid in Capital, Warrant Issued 125,000   125,000     125,000  
Distributions to noncontrolling interest (59,085)           (59,085)
Loss on foreign currency translation, net (18,380)       (18,380) (18,380)  
Net income (loss) $ (2,005,397)     (2,017,174)   (2,017,174) 11,777
Ending balance (in shares) at Jun. 30, 2016 24,989,560 24,989,560          
Ending balance at Jun. 30, 2016 $ 21,890,030 $ 2,499 $ 36,146,182 $ (13,091,882) $ (438,763) $ 22,618,036 $ (728,006)