Additional
Shares Of Common Paid-In
Common Stock Stock Capital
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Balances, December 31, 2000 1,231,974 $ 1,232 $ 30,430,956
Issuance of common stock 50,000 50 29,950
Issuance of common stock in connection with a purchase or finance commitment 120,000 120 407,880
Issuance of convertible debentures with beneficial conversion feature 2,151,794
Issuance of convertible preferred stock with beneficial conversion feature 969,654
Issuance of common stock as payment of certain consulting and directors' fees,
payroll and accounts payable items 64,144 64 145,464
Conversion of convertible debentures to shares of common stock 3,155,638 3,156 1,683,193
Conversion of convertible preferred stock to shares of common stock 318,010 318 190,593
Amortization of beneficial conversion feature and accretion of redeemable
convertible preferred stock 27,446
Reclassification as a result of a change in accounting principle for
outstanding warrants (2,863,760)
Loss on treasury stock
Net loss
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Balances, December 31, 2001 4,939,766 4,940 33,173,170
Issuance of common stock 9,300,000 9,300 83,700
Issuance of convertible debentures with beneficial conversion feature 452,252
Issuance of convertible preferred stock with beneficial conversion feature 154,000
Issuance of common stock as payment of certain consulting and directors' fees,
payroll and accounts payable items 3,810,385 3,810 120,248
Conversion of convertible debentures to shares of common stock 223,675,428 223,675 1,278,523
Conversion of convertible preferred stock to shares of common stock 4,600,000 4,600 796,900
Amortization of beneficial conversion feature and accretion of redeemable
convertible preferred stock
Close out of equity warranty liability account 29,629
Reestablish equity warranty liability account (29,629)
Net Loss
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Balances, December 31, 2002 246,325,579 $ 246,325 $ 36,058,793
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Total
Treasury Accumulated Stockholders'
Stock Deficit Deficit
------------ ------------ ------------
Balances, December 31, 2000 $ (227,500) $(32,157,539) $ (1,952,581)
Issuance of common stock 30,000
Issuance of common stock in connection with a purchase or finance commitment 408,000
Issuance of convertible debentures with beneficial conversion feature 2,151,794
Issuance of convertible preferred stock with beneficial conversion feature 969,654
Issuance of common stock as payment of certain consulting and directors' fees,
payroll and accounts payable items 145,528
Conversion of convertible debentures to shares of common stock 1,686,349
Conversion of convertible preferred stock to shares of common stock 190,911
Amortization of beneficial conversion feature and accretion of redeemable
convertible preferred stock (1,060,000) (1,032,554)
Reclassification as a result of a change in accounting principle for
outstanding warrants (2,863,760)
Loss on treasury stock 227,500 227,500
Net loss (3,731,361) (3,731,361)
------------ ------------ ------------
Balances, December 31, 2001 -- (36,948,900) (3,770,790)
Issuance of common stock 93,000
Issuance of convertible debentures with beneficial conversion feature 452,252
Issuance of convertible preferred stock with beneficial conversion feature 154,000
Issuance of common stock as payment of certain consulting and directors' fees,
payroll and accounts payable items 124,058
Conversion of convertible debentures to shares of common stock 1,502,198
Conversion of convertible preferred stock to shares of common stock 801,500
Amortization of beneficial conversion feature and accretion of redeemable
convertible preferred stock (154,000) (154,000)
Close out of equity warranty liability account 29,629
Reestablish equity warranty liability account
Net Loss (4,455,706) (4,455,706)
------------ ------------ ------------
Balances, December 31, 2002 $ -- $(41,558,606) $ (5,253,488)
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