Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF STOCKHOLDERS??? EQUITY

v3.6.0.2
STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings (AccumulatedDeficit) [Member]
Balance at Dec. 31, 2013 $ 102,605,714 $ 23,576 $ 109,018,165 $ (6,436,027)
Balance (in shares) at Dec. 31, 2013   23,576,313    
Share-based compensation 2,517,211 $ 0 2,517,211 0
Options exercised (cashless exercise) 0 $ 68 (68) 0
Options exercised (cashless exercise) (in shares)   68,547    
Options exercised 215,000 $ 70 214,930 0
Options exercised (in shares)   70,000    
Common stock issued for cash, net 28,514,686 $ 2,000 28,512,686 0
Common stock issued for cash, net (in shares)   2,000,001    
Common stock issued for services 87,050 $ 5 87,045 0
Common stock issued for services (in shares)   5,000    
Common stock issued as consideration in property acquisitions 182,369 $ 15 182,354 0
Common stock issued as consideration in property acquisitions (in shares)   14,606    
Net income (loss) 8,420,500 $ 0 0 8,420,500
Balance at Dec. 31, 2014 142,542,530 $ 25,734 140,532,323 1,984,473
Balance (in shares) at Dec. 31, 2014   25,734,467    
Share-based compensation 2,566,716 $ 0 2,566,716 0
Options exercised (cashless exercise) 0 $ 17 (17) 0
Options exercised (cashless exercise) (in shares)   16,875    
Options exercised 134,800 $ 41 134,759 0
Options exercised (in shares)   40,000    
Common stock issued for cash, net 50,039,853 $ 4,600 50,035,253 0
Common stock issued for cash, net (in shares)   4,600,000    
Net income (loss) (9,052,771) $ 0 0 (9,052,771)
Balance at Dec. 31, 2015 186,231,128 $ 30,392 193,269,034 (7,068,298)
Balance (in shares) at Dec. 31, 2015   30,391,342    
Share-based compensation 2,267,053 $ 0 2,267,053 0
Options exercised (cashless exercise) 0 $ 0 0 0
Options exercised (cashless exercise) (in shares)   734    
Options exercised 112,500 $ 26 112,474 0
Options exercised (in shares)   25,600    
Common stock issued for cash, net 139,567,979 $ 18,695 139,549,284 0
Common stock issued for cash, net (in shares)   18,695,387    
Net income (loss) (37,637,687) $ 0 0 (37,637,687)
Balance at Dec. 31, 2016 $ 290,540,973 $ 49,113 $ 335,197,845 $ (44,705,985)
Balance (in shares) at Dec. 31, 2016   49,113,063