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Stockholders' Equity (Deficit) (Tables)
3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

There were 3,947,866 options outstanding as of March 31, 2019. The fair value of each stock option granted was estimated using the Black-Scholes assumptions and or factors as follows:

 

Exercise price   $ 1.00  
Expected dividend yield     0 %
Risk free interest rate     2.67% - 2.70 %
Expected life in years     10  
Expected volatility     140 %

 

There were 3,846,299 options outstanding as of December 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     2.73% - 2.85 %
Expected life in years     3.75-9.40  
Expected volatility     139% - 146 %

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 December 31, 2017     3,566,299     $ 1.33       8.05  
Granted     280,000     $ 1.75       9.15  
Expired     -                  
Outstanding December 31, 2018     3,846,299     $ 1.36       7.20  
Granted     101,567     $ 1.00       9.89  
Expired     -                  
Outstanding March 31, 2019     3,947,866     $ 1.36       7.03  

Schedule of Share-based Compensation Nonvested Shares

A summary of the status of the Company’s nonvested option as of March 31, 2019, and changes during the three months ended March 31, 2019, is presented below:

 

Nonvested Options   Options     Weighted- Average
Exercise Price
 
Nonvested at December 31, 2017     1,492,861     $ 1.54  
Granted     280,000     $ 1.75  
Vested     (972,651 )   $ 1.29  
Forfeited     -       -  
Nonvested at December 31, 2018     800,210     $ 1.63  
Granted     101,567     $ 1.00  
Vested     (327,551 )   $ 1.39  
Forfeited     -       -  
Nonvested at March 31, 2019     574,226     $ 1.68  

Summary of Warrant Issuances

A summary of warrant issuances are as follows:

 

          Weighted Average     Weighted Average Remaining  
    Number     Exercise Price     Life  
Warrants                        
                         
Outstanding December 31, 2017     3,826,658     $ 1.05       4.69  
Granted     -       -       -  
Outstanding December 31, 2018     3,826,658     $ 1.05       3.69  
Granted     -       -       -  
Outstanding March 31, 2019     3,826,658     $ 1.05       3.44