Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

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CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($)
Total
Common Stock [Member]
Additional Paid In Capital [Member]
Accumulated Deficit [Member]
Treasury Stock [Member]
Balance at Dec. 31, 2013 $ 20,499,133 $ 63,182 $ 21,883,593 $ (1,436,387) $ (11,255)
Balance, shares at Dec. 31, 2013   6,318,227     2,200
Issuance of common stock in connection with acquisition of NAPW, Inc. 35,272,033 $ 63,098 35,208,935
Issuance of common stock in connection with acquisition of NAPW, Inc., shares   6,309,845    
Fair value of options issued in connection with acquisition of NAPW 556,496 556,496
Fair value of warrants issued in connection with acquisition of NAPW 294,342 294,342
Fair value of warrants issued to financial advisor in connection with acquisition of NAPW 138,768 $ 138,768
Repurchase of common stock (25,862) $ (25,862)
Repurchase of common stock, shares         6,182
Stock-based compensation 565,188 $ 1,000 $ 564,188
Stock-based compensation, shares   99,999    
Net loss (3,658,076) $ (3,658,076)
Balance at Dec. 31, 2014 53,642,022 $ 127,280 $ 58,646,322 $ (5,094,463) $ (37,117)
Balance, shares at Dec. 31, 2014   12,728,071     8,382
Sale of common stock in secondary offering, net of offering costs of $655,106 4,354,894 $ 16,700 4,338,194
Sale of common stock in secondary offering, net of offering costs of $655,106, shares   1,670,000    
Sale of over-allotment common stock to underwriter, net of underwriter's discount of $15,771 209,529 $ 751 208,778
Sale of over-allotment common stock to underwriter, net of underwriter's discount of $15,771, shares   75,100    
Repurchase of common stock (211,841) $ (649) (211,192)
Repurchase of common stock, shares   (64,942)    
Stock-based compensation 446,107 $ 667 445,440
Stock-based compensation, shares   66,666    
Net loss (35,795,554)     $ (35,795,554)
Balance at Dec. 31, 2015 $ 22,645,157 $ 144,749 $ 63,427,542 $ (40,890,017) $ (37,117)
Balance, shares at Dec. 31, 2015   14,474,895     8,382