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Stockholders Deficit (Tables)

3 Months Ended

Mar. 31, 2018

Equity [Abstract]

Transaction Type						Quantity (shares)				Valuation ($)				Range of Value Per Share

2017 Equity Transactions
Common Stock Offering			(1)				69,667			$	209,000				3.00

Common Stock Issued per Exercise of Warrants			(2)				1,666,667				5,000,000				3.00

Common Stock Issued per Exercise of Options			(3)				30,000				78,000				2.60

Common Stock Issued for the cashless exercise of Warrants			(4)				4,132,068				0				0.0

Total 2017 Equity Transactions							5,898,402			$	5,287,000			$	2.60-3.00

Common Stock Issued per Employment Agreement			(5)				240,000				720,000				3.00

Total 2018 Equity Transactions							240,000			$	720,000			$	3.00

Preferred Stock

Transaction Type		Quantity				Valuation				Range of Value per Share

2016 Preferred Stock Transactions

Preferred Stock Issued per August 2016 Election			13,056,936			$	44,393,569			$	3.40

Total 2016 Preferred Stock Transactions			13,056,936			$	44,393,569			$	3.40

2017 Preferred Stock Transactions

Preferred Stock Issued per August 2016 Election			400,000			$	1,360,000			$	3.40

Total 2017 Preferred Stock Transactions			400,000			$	1,360,000				3.40

Total 2018 Preferred Stock Transactions			0			$	0

Stock Option Activity

							Weighted Average				Weighted Average Remaining Contractual Life				Aggregate Intrinsic
			Options				Exercise Price				(In Years)				Value
Balance, December 31, 2016				1,350,000			$	0.767				7.81			$	3,015,000
Exercised				(30,000)				2.60				—				(78,000)
Granted				3,555,000				1.307				7.47				6,230,250
Forfeited/Cancelled				—				—				—				—
Balance, December 31, 2017				4,875,000			$	1.150				7.40			$	9,167,250
Exercised				—				—				—				—
Granted				—				—				—				—
Forfeited/Cancelled				—				—				—				—
Balance, March 31, 2018				4,875,000			$	1.150				6.91			$	9,167,250

Summary of Warrant Activity

			Number of Warrants				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (in Years)
Balance, December 31, 2016				13,555,651			$	0.72				1.5
Issued				898,040				3.31				4.63
Exercised				(6,033,767)				(3.00)				—
Cancelled/Forfeited				—				—				—
Balance, December 31, 2017				8,419,924			$	1.64				2.42

Issued				—				—				—
Exercised				—				—				—
Cancelled/Forfeited				—				—				—
Balance, March 31, 2018				8,419,924			$	1.117				1.15

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.

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