Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY (DEFICIT)

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CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY (DEFICIT) (USD $)
Series B
Common stock
Additional Paid in Capital
Accumulated Deficit
Accumulated Other Comprehensive Loss
Non-controlling Interests
Total
Equity Balance, beginning of period, Value at Dec. 31, 2011 $ 13 $ 285,062 $ 24,260,628 $ (26,662,294) $ (21,996) $ 5,099,547 $ 2,960,960
Equity Balance, beginning of period, Shares at Dec. 31, 2011 13,000 285,062,812          
Contributions from noncontrolling interests           5,620,435 5,620,435
Issuance of common stock for cash, Value   8,621 241,379       250,000
Issuance of common stock for cash, Shares   8,620,690          
Share-based compensation from issuance of options and compensation-based warrants     86,015       86,015
Accrual of preferential return for the noncontrolling interests           (2,055,904) (2,055,904)
Foreign currency translation gain (loss)         (34,125) 869,388 835,263
Net Loss       63,287   (3,339,202) (3,275,915)
Equity Balance, end of period, Value at Dec. 31, 2012 13 293,683 24,588,022 (26,599,007) (56,121) 6,194,264 4,420,854
Equity Balance, end of period, Shares at Dec. 31, 2012 13,000 293,683,502          
Contributions from noncontrolling interests           1,598,688 1,598,688
Issuance of common stock, Value   40,000 760,000       800,000
Issuance of common stock, Shares   40,000,000          
Exercise of options, Value   1,477 13,294       14,771
Exercise of options, Shares   1,477,089         (1,477,089)
Exercise of warrants, Value   4,027 36,243       40,270
Exercise of warrants, Shares   4,026,954          
Share-based compensation from issuance of options and compensation-based warrants     202,491       202,491
Accrual of preferential return for the noncontrolling interests           (2,479,148) (2,479,148)
Dissolution of TAL       181,891     181,891
Foreign currency translation gain (loss)         (6,899) 121,644 114,765
Net Loss       (1,921,760)   (5,676,647) (7,598,407)
Equity Balance, end of period, Value at Dec. 31, 2013 $ 13 $ 339,187 $ 25,600,050 $ (28,338,876) $ (63,020) $ (241,180) $ (2,703,825)
Equity Balance, end of period, Shares at Dec. 31, 2013 13,000 339,187,545