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Warrants (Tables)

12 Months Ended

Dec. 31, 2018

Warrants and Rights Note Disclosure [Abstract]

Schedule of fair value of the outstanding warrants

		December 31,
Stock options		2018				2017				2016
Market price per share (USD/share)		$	1.13			$	1.73			$	1.50
Exercise price (USD/share)			2.20				2.20				2.20
Risk free rate			2.6	%			2.36	%			2.40	%
Dividend yield			0	%			0	%			0	%
Expected term/Contractual life (years)			7.3				8.3				9.3
Expected volatility			256.20	%			241.20	%			232.20	%

Schedule of reconciliation of the beginning and ending balances of warrants liability

		December 31,
		2018				2017				2016
Beginning balance		$	1,729,111			$	1,499,362			$	162,736
Warrants issued to HLI			-				-				1,889,269
Warrants redeemed			-				-				(25,026	)
Fair value change of the issued warrants included in earnings			(599,865	)			229,749				(527,617	)
Ending balance		$	1,129,246			$	1,729,111			$	1,499,362

Schedule of of the warrants activity

		Number				Weighted Average Exercise Price				Weighted Average  Remaining Contractual Life (Years)
Outstanding as of January 1, 2017			1,000,000			$	2.20				0.49
Granted			-
Forfeited			-
Exercised			-
Redeemed			-
Outstanding as of December 31, 2017			1,000,000			$	2.20
Granted			-
Forfeited			-
Exercised			-
Redeemed			-
Outstanding as of December 31, 2018			1,000,000			$	2.20

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Tabular disclosure of fair value of warrants.

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Tabular disclosure of warrant activities for the period.

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Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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