Quarterly report pursuant to Section 13 or 15(d)

STATEMENT OF STOCKHOLDERS' DEFICIT

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STATEMENT OF STOCKHOLDERS' DEFICIT (USD $)
Series A Preferred Stock [Member]
Common Stock [Member]
Series A Preferred Stock [Member]
Additional Paid-in Capital [Member]
Series A Preferred Stock [Member]
Series B Preferred Stock [Member]
Common Stock [Member]
Series B Preferred Stock [Member]
Additional Paid-in Capital [Member]
Series B Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit during Development Stage [Member]
Total
Balance, December 31, 2013 at Dec. 31, 2013             $ 8,412 $ 9,036,038 $ (14,007,005) $ (4,962,555)
Balance, December 31, 2013 (in Shares) at Dec. 31, 2013             8,412,101     8,412,101
Sale of common stock             337 732,329   732,666
Sale of common stock (in Shares)             337,468      
Common stock issued upon conversion of preferred stock and accrued dividends 578 1,062,753 1,063,331 494 997,032 997,526        
Common stock issued upon conversion of preferred stock and accrued dividends (in Shares) 577,901     493,818            
Donated capital               87,500   87,500
Equity warrants issued to placement agent for sale of common stock               52,800   52,800
Fair value of vested options               556,332   556,332
Preferred stock dividend                 (167,247) (167,247)
Net loss                 (1,904,752) (1,904,752)
Balance, June 30, 2014 at Jun. 30, 2014             $ 9,821 $ 12,524,784 $ (16,079,004) $ (3,544,399)
Balance, June 30, 2014 (in Shares) at Jun. 30, 2014             9,821,288     9,821,288