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Stockholders' Equity (Deficit) (Tables)
 3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

There were 3,846,299 options outstanding as of March 31, 2018. The fair value of each stock option granted was estimated using the Black-Scholes assumptions and or factors as follows:

 

Exercise price   $ 1.25 - $1.75  
Expected dividend yield     0 %
Risk free interest rate     2.56% - 2.74 %
Expected life in years     4.25-9.90  
Expected volatility     144% - 147 %

 

There were 3,566,299 options outstanding as of March 31, 2017. The fair value of each stock option granted was estimated using the Black-Scholes assumptions and or factors as follows:

 

Exercise price   $ 1.00 - $1.25  
Expected dividend yield     0 %
Risk free interest rate     1.93% - 2.40 %
Expected life in years     4.60 – 9.84  
Expected volatility     210% - 266 %
Schedule of Share-based Compensation, Stock Options, Activity

The following is an analysis of the stock option grant activity under the Plan:

 

          Weighted Average     Weighted Average Remaining  
    Number     Exercise Price     Life  
Stock Options                        
                         
Outstanding January 1, 2017     2,484,445     $ 1.18       9.82  
Granted     1,103,000     $ 1.68       8.96  
Expired     (21,146 )   $ 1.00          
Outstanding December 31, 2017     3,566,299     $ 1.33       8.05  
Granted     280,000     $ 1.75       9.90  
Expired     -                  
Outstanding March 31, 2018     3,846,299     $ 1.36       7.96  
Schedule of Share-based Compensation Nonvested Shares

A summary of the status of the Company’s nonvested shares as of March 31, 2018, and changes during the three months ended March 31, 2018, is presented below:

 

Nonvested Shares   Shares    

Weighted-Average

Grant-Date

Fair Value

  
Nonvested at January 1, 2018     1,492,861     $ 1.54  
Granted     280,000     $ 1.75  
Vested     (296,609 )   $ 1.52  
Forfeited     -       -  
Nonvested at March 31, 2018     1,476,252     $ 1.54  
Summary of Warrant Issuances

A summary of warrant issuances are as follows:

 

          Weighted Average     Weighted Average Remaining  
    Number     Exercise Price     Life  
Warrants                        
                         
Outstanding January 1, 2018     3,826,658     $ 1.05       4.69  
Granted     -       -       -  
Outstanding March 31, 2018     3,826,658     $ 1.05       4.44