Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v3.8.0.1
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 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 December 31, 2017 are:
 
 
 
Warrant Grants
 
Stock Option Grants
 
 
 
Number of Shares
Subject to Warrants
 
Weighted-Average
Exercise Price Per Share
 
Number of Shares Subject
to Options
 
Weighted-Average
Exercise Price
Per Share
 
Balance at December 31, 2015
 
 
—
 
 
—
 
 
—
 
 
—
 
Granted
 
 
222,230
 
$
7.43
 
 
200,000
 
$
4.50
 
Exercised
 
 
—
 
 
—
 
 
—
 
 
—
 
Forfeited
 
 
—
 
 
—
 
 
—
 
 
—
 
Balance at December 31, 2016
 
 
222,230
 
$
7.43
 
 
200,000
 
$
4.50
 
Granted
 
 
2,017,344
 
 
2.00
 
 
525,000
 
 
2.64
 
Exercised
 
 
—
 
 
—
 
 
—
 
 
—
 
Forfeited
 
 
—
 
 
—
 
 
—
 
 
—
 
Balance at December 31, 2017
 
 
2,239,574
 
$
2.54
 
 
725,000
 
$
3.15
 
Exercisable at December 31, 2017
 
 
565,813
 
$
5.53
 
 
358,333
 
$
3.01
 
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 year ended December 31, 2017 and 2016 is as follows:
 
 
 
Year Ended
 
 
 
December 31, 2017
 
December 31, 2016
 
General and administrative expense
 
$
943,998
 
$
2,645,573
 
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 year ended December 31, 2017 and 2016 is as follows:
 
 
 
Year Ended
 
 
 
December 31, 2017
 
December 31, 2016
 
Employee stock options
 
$
626,097
 
$
50,573
 
Warrants
 
 
169,401
 
 
—
 
Common stock
 
 
148,500
 
 
2,595,000
 
 
 
$
943,998
 
$
2,645,573