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, 2013 $ 13 $ 339,187 $ 25,600,050 $ (28,338,875) $ (63,020) $ (241,180) $ (2,703,825)
Equity Balance, beginning of period, Shares at Dec. 31, 2013 13,000 339,187,545 0 0 0 0 0
Adjustment to Opening Reserves $ 0 $ 0 $ 0 $ 9,520 $ 0 $ 0 $ 9,520
Contributions from noncontrolling interests 0 0 0 0 0 1,030,435 1,030,435
Share-based compensation from issuance of options and compensation-based warrants 0 0 57,127 0 0 0 57,127
Accrual of preferential return for the noncontrolling interests 0 0 0 0 0 (2,658,350) (2,658,350)
Foreign currency translation loss 0 0 0 0 (3,566) (1,556,492) (1,560,058)
Net Loss 0 0 0 (616,748) 0 (1,778,536) (2,395,284)
Equity Balance, end of period, Value at Dec. 31, 2014 $ 13 $ 339,187 $ 25,657,177 $ (28,946,103) $ (66,586) $ (5,204,123) $ (8,220,435)
Equity Balance, end of period, Shares at Dec. 31, 2014 13,000 339,187,545 0 0 0 0 0
Contributions from noncontrolling interests $ 0 $ 0 $ 0 $ 0 $ 0 $ 429,743 $ 429,743
Distribution to noncontrolling interests 0 0 0 0 0 (250,000) (250,000)
Issuance of common stock for services, Value $ 0 $ 2,218 $ 8,872 $ 0 $ 0 $ 0 $ 11,090
Issuance of common stock for services, Shares 0 2,218,000 0 0 0 0 0
Share-based compensation from issuance of options and compensation-based warrants $ 0 $ 0 $ 133,172 $ 0 $ 0 $ 0 $ 133,172
Accrual of preferential return for the noncontrolling interests 0 0 0 0 0 (2,039,224) (2,039,224)
Write off of accrued interest and preferred return forgiven by partner 0 0 4,733,963 0 0 12,140,304 16,874,267
Foreign currency translation loss 0 0 0 (3,691,454) 172,562 2,368,240 (1,150,652)
Net Loss 0 0 0 (1,573,412) 0 (7,444,940) (9,018,352)
Equity Balance, end of period, Value at Dec. 31, 2015 $ 13 $ 341,405 $ 30,533,184 $ (34,210,969) $ 105,976 $ 0 $ (3,230,391)
Equity Balance, end of period, Shares at Dec. 31, 2015 13,000 341,405,545 0 0 0 0 0