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Stock-Based Compensation (Tables) | 9 Months Ended
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Sep. 30, 2018
Schedule of Fair Value of Stock Options Assumptions | The fair value of common stock options granted during the nine months ended September 30, 2018 were calculated using the Black-Scholes option-pricing model utilizing the following assumptions:
Risk-free interest rate |  | 2.27% to 2.91 | %
Expected dividend yield |  |  | 0.00 | %
Expected volatility |  |  | 108.34% to 130.08 | %
Expected life |  |  | 3-6 years |
Summary of Stock Option Activity | A summary of the common stock option activity during the nine months ended September 30, 2018 is as follows:
|  |  |  |  |  |  |  | Weighted |
|  |  |  |  |  |  |  | Average |
|  |  |  |  | Weighted |  |  | Remaining |
|  | Number |  |  | Average |  |  | Contractual |
|  | of |  |  | Exercise |  |  | Life |
|  | Shares |  |  | Price |  |  | (in Years) |
Common stock options outstanding at January 1, 2018 |  |  | 2,176,637 |  |  | $ | 1.25 |  |  |  | 9.25 |
Granted |  |  | 8,131,750 |  |  |  | 0.84 |  |  |  |  |
Exercised |  |  | (125,000) |  |  |  | 0.20 |  |  |  |  |
Forfeited |  |  | (435,285) |  |  |  | 1.57 |  |  |  |  |
Expired |  |  | (54,271) |  |  |  | 1.60 |  |  |  |  |
Common stock options outstanding at September 30, 2018 |  |  | 9,693,831 |  |  |  | 0.63 |  |  |  | 9.58 |
Common stock options exercisable at September 30, 2018 |  |  | 1,264,995 |  |  |  | 1.31 |  |  |  | 8.69 |
Schedule of Exercise Prices of Common Stock Options | The exercise prices of common stock options outstanding and exercisable are as follows as of September 30, 2018:
|  | Options |  |  | Options |
Exercise |  | Outstanding |  |  | Exercisable |
Price |  | (Shares) |  |  | (Shares) |
Under $1.00 |  |  | 6,111,500 |  |  |  | 45,832 |
$1.01 to $1.25 |  |  | 1,818,859 |  |  |  | 866,658 |
$1.26 to $1.50 |  |  | 45,000 |  |  |  | 1,949 |
$1.51 to $1.75 |  |  | 487,222 |  |  |  | 130,139 |
$1.76 to $2.00 |  |  | 1,055,000 |  |  |  | 190,417 |
$2.01 to $2.25 |  |  | 135,000 |  |  |  | - |
$2.26 to $2.50 |  |  | 41,250 |  |  |  | 30,000 |
|  |  | 9,693,831 |  |  |  | 1,264,995 |
Summary of Warrant Activity | A summary of the Financing Warrants activity during the nine months ended September 30, 2018 is as follows:
|  |  |  |  |  |  |  | Weighted |
|  |  |  |  |  |  |  | Average |
|  |  |  |  | Weighted |  |  | Remaining |
|  | Number |  |  | Average |  |  | Contractual |
|  | of |  |  | Exercise |  |  | Life |
|  | Shares |  |  | Price |  |  | (in Years) |
Financing Warrants outstanding at January 1, 2018 |  |  | 1,289,172 |  |  | $ | 0.29 |  |  |  |  |
Issued |  |  | 1,986,558 |  |  |  | 1.24 |  |  |  |  |
Exercised |  |  | (842,117 | ) |  |  | 0.20 |  |  |  |  |
Issued as result of the reset provision on August 3, 2018 |  |  | 640,405 |  |  |  | 0.83 |  |  |  |  |
Financing Warrants outstanding at September 30, 2018 |  |  | 3,074,018 |  |  |  | 1.20 |  |  |  | 4.5 |
Financing Warrants exercisable at September 30, 2018 |  |  | 3,074,018 |  |  |  | 1.20 |  |  |  | 4.5 |
Summary of Stock-based Compensation | A summary of stock based compensation and equity-based expense charged to operations or capitalized during the three months and nine months ended September 30, 2018 and 2017 is as follows:
|  | Restricted |  |  | Common |  |  | Channel |  |  |  |  |  |  |
|  | Stock |  |  | Stock |  |  | Partner |  |  | Financing |  |  |  |
|  | Awards |  |  | Options |  |  | Warrants |  |  | Warrants |  |  | Total |
During the three months ended September 30, 2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenue |  | $ | 1,972 |  |  | $ | - |  |  | $ | (1,630) |  |  | $ | - |  |  | $ | 342 |
Research and development |  |  | 28,216 |  |  |  | 65,798 |  |  |  | - |  |  |  | - |  |  |  | 94,014 |
General and administrative |  |  | 960,939 |  |  |  | 169,683 |  |  |  | - |  |  |  | - |  |  |  | 1,130,622 |
Total costs charged to operations |  |  | 991,127 |  |  |  | 235,481 |  |  |  | (1,630) |  |  |  | - |  |  |  | 1,224,978 |
Capitalized platform development |  |  | 334,749 |  |  |  | 27,744 |  |  |  | - |  |  |  | - |  |  |  | 362,493 |
Total stock based compensation |  | $ | 1,325,876 |  |  | $ | 263,225 |  |  | $ | (1,630) |  |  | $ | - |  |  | $ | 1,587,471 |
During the three months ended September 30, 2017: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenue |  | $ | - |  |  | $ | - |  |  | $ | 35,000 |  |  | $ | - |  |  | $ | 35,000 |
Research and development |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
General and administrative |  |  | 261,749 |  |  |  | 216,920 |  |  |  | - |  |  |  | - |  |  |  | 478,669 |
Total costs charged to operations |  |  | 261,749 |  |  |  | 216,920 |  |  |  | 35,000 |  |  |  | - |  |  |  | 513,669 |
Capitalized platform development |  |  | 243,484 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 243,484 |
Total stock based compensation |  | $ | 505,233 |  |  | $ | 216,920 |  |  | $ | 35,000 |  |  | $ | - |  |  | $ | 757,153 |
During the nine months ended September 30, 2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenue |  | $ | 1,972 |  |  | $ | - |  |  | $ | 153,447 |  |  | $ | - |  |  | $ | 155,419 |
Research and development |  |  | 28,216 |  |  |  | 67,088 |  |  |  | - |  |  |  | - |  |  |  | 95,304 |
General and administrative |  |  | 2,354,801 |  |  |  | 810,586 |  |  |  | - |  |  |  | - |  |  |  | 3,165,387 |
Total costs charged to operations |  |  | 2,384,989 |  |  |  | 877,674 |  |  |  | 153,447 |  |  |  | - |  |  |  | 3,416,110 |
Capitalized platform development |  |  | 1,366,161 |  |  |  | 142,728 |  |  |  | - |  |  |  | - |  |  |  | 1,508,889 |
Total stock based compensation |  | $ | 3,751,150 |  |  | $ | 1,020,402 |  |  | $ | 153,447 |  |  | $ | - |  |  | $ | 4,924,999 |
During the nine months ended September 30, 2017: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenue |  | $ | - |  |  | $ | - |  |  | $ | 115,000 |  |  | $ | - |  |  | $ | 115,000 |
Research and development |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
General and administrative |  |  | 801,743 |  |  |  | 408,432 |  |  |  | - |  |  |  | 32,335 |  |  |  | 1,242,510 |
Total costs charged to operations |  |  | 801,743 |  |  |  | 408,432 |  |  |  | 115,000 |  |  |  | 32,335 |  |  |  | 1,357,510 |
Capitalized platform development |  |  | 688,302 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 688,302 |
Total stock based compensation |  | $ | 1,490,045 |  |  | $ | 408,432 |  |  | $ | 115,000 |  |  | $ | 32,335 |  |  | $ | 2,045,812 |
Channel Partner Warrants [Member] |
Schedule of Fair Value of Stock Options Assumptions | The fair value of Channel Partner Warrants issued during the nine months ended September 30, 2018 were calculated using the Black-Scholes option-pricing model utilizing the following assumptions:
Risk-free interest rate |  |  | 2.53% to 2.89 | %
Expected dividend yield |  |  | 0.00 | %
Expected volatility |  |  | 95.73% to 108.10 | %
Expected life |  |  | 3-5 years |
Summary of Warrant Activity | A summary of the Channel Partner Warrants activity during the nine months ended September 30, 2018 is as follows:
|  |  |  |  |  |  |  | Weighted |
|  |  |  |  |  |  |  | Average |
|  |  |  |  | Weighted |  |  | Remaining |
|  | Number |  |  | Average |  |  | Contractual |
|  | of |  |  | Exercise |  |  | Life |
|  | Shares |  |  | Price |  |  | (in Years) |
Channel Partner Warrants outstanding at January 1, 2018 |  |  | 1,303,832 |  |  | $ | 1.48 |  |  |  |  |
Issued |  |  | 295,000 |  |  |  | 1.74 |  |  |  |  |
Exercised |  |  | - |  |  |  | - |  |  |  |  |
Forfeited |  |  | (499,824) |  |  |  | 1.39 |  |  |  |  |
Channel Partner Warrants outstanding at September 30, 2018 |  |  | 1,099,008 |  |  |  | 1.50 |  |  |  | 3.82 |
Channel Partner Warrants exercisable at September 30, 2018 |  |  | 261,696 |  |  |  | 1.47 |  |  |  | 3.81 |

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
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- Definition 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 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 + Details
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