Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2017

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

Restricted stock award activity for the period from July 22, 2016 (Inception) to March 31, 2017, including the reevaluation of the shares estimated to be release, was as follows:

						Weighted-
			Shares			Average
	Shares		Remeasured			Price
Stock awards granted at Inception		12,209,677					0.20
Granted October 13, 2016		62,041					0.70
Granted October 16, 2016		245,434					0.70
Remeasurement at November 4, 2016		-		5,837,788	*		0.43
Vested		-					-
Reevaluation of shares expected to be released as of March 31, 2017		-		1,007,633			0.06
		-
Unvested at March 31, 2017		12,517,152					0.47

Expected to vest after March 31, 2017		12,517,152					0

The number of shares Remeasured as of November 4, 2016 reflect the effect of the Monte Carlo simulation determination of the estimated number of shares expected to be released from the performance condition escrow. This estimate will be reevaluated at each quarter end until the final outcome of the performance condition is satisfied on December 31, 2017.

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]

The fair value of stock options granted during the three months ended March 31, 2017 were estimated with the following assumptions:

Expected life	6.0 years
Risk-free interest rate	2.13	%
Expected annual volatility	114.20	%
Dividend yield	0.00	%

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

For the three months ended March 31, 2017 option activity was as follows:

					Weighted
					Average
			Weighted		Remaining		Average
	Number of		Average		Contractual		Intrinsic
	Shares		Exercise Price		Life (in years)		Value

Outstanding at January 1, 2017		275,137		0.48		5.15
						.
Granted		664,000		1.17		9.88
Exercised		-		-
Forfeited		-		-

Outstanding at March 31, 2017		939,137		0.97		8.41		253,000

Vested and expected to vest at March 31. 2017		939,137		0.97		8.41		253,000

Exercisable at March 31, 2017		175,000		0.17		2.12		187,000

Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value [Table Text Block]

The following table summarizes certain information about stock options for the three months ended March 31, 2017:

Weighted average grant-date fair value for options granted during the year	$	1.01

Vested options in-the-money at March 31, 2017		175,000

Aggregate intrinsic value of options exercised during the year	$	-

Common Stock Shares Reserved For Future Issuance [Table Text Block]

The following table summarizes the common shares reserved for future issuance under the Plan:

Stock options outstanding			764,137
Stock options available for future grant			906,730
			1,670,867

Schedule of Other Share-based Compensation, Activity [Table Text Block]

The following table summarizes the activity in Channel Partner Warrants during the three months ended March 31, 2017:

					Weighted
					Average
			Weighted		Remaining		Average
	Number of		Average		Contractual		Intrinsic
	Shares		Exercise Price		Life (in years)		Value

Outstanding at January 1, 2017		350,000		1.05		4.75
Granted		1,280,000		1.11		4.82
Exercised		-		-
Forfeited		-		-

Outstanding at March 31, 2017		1,630,000		1.10		4.79		-

Vested and expected to vest at March 31, 2017		1,100,000		1.10		4.79		-

Exercisable at March 31, 2017		-		-		-		-

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]

The impact on our results of operations of recording stock-based compensation expense for the three months ended March 31, 2017 was as follows:

	Restricted				Channel		Common
	Stock at		Stock		Partner		Stock to
	Inception		Options		Warrants		be Issued		Total
Research and development		-		-		-		-		-
General and administrative		270,653		15,496		-		-		286,149
		270,653		15,496		-		-		286,149