Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.8.0.1
Stockholders' Equity (Tables)
9 Months Ended
Sep. 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 September 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
 
 
1,822,344
 
 
2.03
 
 
400,000
 
 
2.99
 
Exercised
 
 
—
 
 
—
 
 
—
 
 
—
 
Forfeited
 
 
—
 
 
—
 
 
—
 
 
—
 
Balance at September 30, 2017
 
 
2,044,574
 
$
2.61
 
 
600,000
 
$
3.50
 
Exercisable at September 30, 2017
 
 
482,480
 
 
5.70
 
 
166,666
 
 
3.93
 
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 nine months ended September 30, 2017 and 2016 is as follows:
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
September 30, 2017
 
September 30, 2016
 
September 30, 2017
 
September 30, 2016
 
General and administrative expense
 
$
227,010
 
$
—
 
$
787,988
 
$
—
 
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 nine months ended September 30, 2017 and 2016 is as follows:
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
September 30, 2017
 
September 30, 2016
 
September 30, 2017
 
September 30, 2016
 
Employee stock options
 
$
78,510
 
$
—
 
$
470,087
 
$
—
 
Warrants
 
 
—
 
 
—
 
 
169,401
 
 
—
 
Common stock
 
 
148,500
 
 
—
 
 
148,500
 
 
—
 
 
 
$
227,010
 
$
—
 
$
787,988
 
$
—