Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.7.0.1
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2017
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The number of shares of the Company’s common stock that are issuable pursuant to warrant and stock option grants with time based vesting as of June 30, 2017 are:
 
 
 
Warrant Grants
 
Stock Option Grants
 
 
 
 
 
 
 
 
 
Weighted-Average
 
 
 
Number of Shares
 
Weighted-Average
 
Number of Shares Subject
 
Exercise Price
 
 
 
Subject to Warrants
 
Exercise Price Per Share
 
to Options
 
Per Share
 
Balance at December 31, 2016
 
 
222,230
 
$
7.43
 
 
200,000
 
$
4.50
 
Granted
 
 
343,583
 
 
4.29
 
 
300,000
 
 
3.56
 
Exercised
 
 
—
 
 
—
 
 
—
 
 
—
 
Forfeited
 
 
—
 
 
—
 
 
—
 
 
—
 
Balance at June 30, 2017
 
 
565,813
 
$
5.53
 
 
500,000
 
$
3.93
 
Exercisable at June 30, 2017
 
 
315,813
 
 
6.34
 
 
100,000
 
 
3.55
 
General and Administrative Expense [Member]  
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]
Stock-based compensation expense for the three and six months ended June 30, 2017 and 2016 is as follows: 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
June 30, 2017
 
June 30, 2016
 
June 30, 2017
 
June 30, 2016
 
General and administrative expense
 
$
241,249
 
$
—
 
$
560,978
 
$
—
 
Employee Stock Option [Member]  
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]
Stock-based compensation expense categorized by the equity components for the three and six months ended June 30, 2017 and 2016 is as follows: 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
June 30, 2017
 
June 30, 2016
 
June 30, 2017
 
June 30, 2016
 
Employee stock options
 
$
71,848
 
$
—
 
$
391,577
 
$
—
 
Warrants
 
 
169,401
 
 
—
 
 
169,401
 
 
—
 
 
 
$
241,249
 
$
—
 
$
560,978
 
$
—