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Stock Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2018
Schedule of Fair Value of Stock Options Assumptions

The fair value of common stock options granted during the year ended December 31, 2018 were calculated using the Black-Scholes option-pricing model utilizing the following assumptions:

 

Risk-free interest rate     2.27% to 3.05%  
Expected dividend yield     0.00 %
Expected volatility     108.34% to 139.36%  
Expected life     3-6 years  
Summary of Stock Option Activity

A summary of the common stock option activity during the year ended December 31, 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     8,187,750       0.84          
Exercised     (125,000 )     0.17          
Forfeited     (732,353 )     1.41          
Expired     (101,493 )     1.49          
Common stock options outstanding at December 31, 2018     9,405,541       0.61       9.30  
Common stock options exercisable at December 31, 2018     1,853,186       1.14       8.77  
Schedule of Exercise Prices of Common Stock Options

The exercise prices of common stock options outstanding and exercisable are as follows as of December 31, 2018:

 

    Options     Options  
Exercise   Outstanding     Exercisable  
Price   (Shares)     (Shares)  
Under $1.00     6,093,500       516,333  
$1.01 to $1.25     1,707,482       921,946  
$1.26 to $1.50     28,309       7,198  
$1.51 to $1.75     345,000       108,542  
$1.76 to $2.00     1,055,000       252,500  
$2.01 to $2.25     135,000       5,417  
$2.26 to $2.50     41,250       41,250  
      9,405,541       1,853,186  
Schedule of Warrants Assumptions

The fair value of Channel Partner Warrants issued during the year ended December 31, 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 119.45%  
Expected life     3-5 years  
Schedule of Warrants Activity

A summary of the Channel Partner Warrants activity during the year ended December 31, 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       4.35  
Issued     295,000       1.74          
Exercised     -       -          
Forfeited     (581,692 )     1.47          
Channel Partner Warrants outstanding at December 31, 2018     1,017,140       1.47       3.57  
Channel Partner Warrants exercisable at December 31, 2018     319,944       1.39       3.54  
Summary of Stock-based Compensation

A summary of stock based compensation and equity-based expense charged to operations or capitalized are summarized as follows:

 

    Restricted     Common     Channel        
    Stock     Stock     Partner        
    Awards     Options     Warrants     Totals  
During the year ended December 31, 2018:                                
Cost of revenue   $ 6,745     $ -     $ 152,460     $ 159,205  
Research and development     100,926       95,941       -       196,867  
General and administrative     2,872,732       1,112,020       -       3,984,752  
Total costs charged to operations     2,980,403       1,207,961       152,460       4,340,824  
Capitalized platform development     1,639,038       211,346       -       1,850,384  
Total stock based compensation   $ 4,619,441     $ 1,419,307     $ 152,460     $ 6,191,208  
During the year ended December 31, 2017:                                
Cost of revenue   $ -     $ -     $ 229,720     $ 229,720  
Research and development     -       -       -       -  
General and administrative     777,206       618,761       -       1,395,967  
Total costs charged to operations     777,206       618,761       229,720       1,625,687  
Capitalized platform development     614,573       -       -       614,573  
Total stock based compensation   $ 1,391,779     $ 618,761     $ 229,720     $ 2,240,260  
Stock Options Outside 2016 Plan [Member]  
Schedule of Fair Value of Stock Options Assumptions

The fair value of common stock options granted during the year ended December 31, 2018 were calculated using the Black-Scholes option-pricing model utilizing the following assumptions:

 

Risk-free interest rate     2.79% to 3.09%  
Expected dividend yield     0.00 %
Expected volatility     113.49% to 116.86%  
Expected life     6 years  
Summary of Stock Option Activity
                Weighted  
                Average  
          Weighted     Remaining  
    Number     Average     Contractual  
    of     Exercise     Life  
    Shares     Price     (in Years)  
Stock options outstanding at January 1, 2018     -     $ -       -  
Granted     2,414,000       0.36          
Stock options outstanding at December 31, 2018     2,414,000       0.36       9.94  
Stock options exercisable at December 31, 2018     -       -       -