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) - 9 months ended Sep. 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 (in shares)   61,068          
Stock based compensation expense 723,433 $ 6 723,427     723,433  
Cancellation of shares upon expiration of warrants (in shares)   (1,437,500)          
Cancellation of shares upon expiration of warrants 0 $ (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 505,000   505,000     505,000  
Distributions to noncontrolling interest (252,985)           (252,985)
Loss on foreign currency translation, net (150,616)       (150,616) (150,616)  
Net income (loss) $ (327,289)     (539,509)   (539,509) 212,220
Ending balance (in shares) at Sep. 30, 2016 25,050,628 25,050,628          
Ending balance at Sep. 30, 2016 $ 23,965,507 $ 2,505 $ 36,869,681 $ (11,614,217) $ (570,999) $ 24,686,970 $ (721,463)