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Equity (Tables) | 6 Months Ended
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Jun. 30, 2018
Equity [Abstract] |
Schedule of Sharebased Payments Expense | The following table provides the details of the approximate total share based payments expense during the six months ended June 30, 2018 and 2017:
|  | June 30, |  |  | June 30, |
|  | 2018 |  |  | 2017 |
|  | (Unaudited) |  |  | (Unaudited) |
Employees and directors share-based payments |  | $ | 290,000 | (d) |  | $ | 247,000 | (d)
Stock options issued for services |  |  | 22,000 | (e) |  |  | - |
|  | $ | 312,000 |  |  | $ | 247,000 |
Summary of Assumption Used to Estimate the Fair Value of Share Options Granted | The following table summarizes the inputs and assumptions used to estimate the fair values of the share options granted for the six months ended as follows:
|  | June 30, |
|  | 2017 |
Exercise price |  | $ | 0.99 |
Expected term |  |  | 3 years |
Expected volatility |  |  | 80.40 | %
Expected dividend yield |  |  | 0 | %
Risk free interest rate |  |  | 1.59 | %
Fair Value |  | $ | 0.59 |
Summary of Stock Option Activity | Stock option activity for the six months ended June 30, 2018 is summarized as follows:
|  |  |  |  |  |  |  | Weighted Average |  |  |  |
|  |  |  |  |  |  |  | Remaining |  |  | Aggregated |
|  | Options |  |  | Weighted Average |  |  | Contractual Life |  |  | Intrinsic |
|  | Outstanding |  |  | Exercise Price |  |  | (Years) |  |  | Value |
Outstanding at December 31, 2017 |  |  | 2,918,000 |  |  | $ | 1.14 |  |  |  | 3.40 |  |  | $ | 996,860 |
Exercised |  |  | (802,800 | ) |  | $ | 1.21 |  |  |  |  |  |  |  |  |
Canceled |  |  | (61,000 | ) |  | $ | 1.15 |  |  |  |  |  |  |  |  |
Outstanding at June 30, 2018(Unaudited) |  |  | 2,054,200 |  |  | $ | 1.11 |  |  |  | 2.90 |  |  | $ | 390,358 |
Vested and expected to be vested as of June 30, 2018(Unaudited) |  |  | 1,528,000 |  |  | $ | 1.08 |  |  |  | 2.90 |  |  | $ | 332,440 |
Options exercisable as of June 30, 2018(Unaudited) (vested) |  |  | 378,400 |  |  | $ | 0.99 |  |  |  | 2.90 |  |  | $ | 116,776 |
Schedule of Nonvested Share Activity | The following table summarizes the status of options which contain vesting provisions:
|  |  |  |  | Weighted |
|  |  |  |  | Average |
|  |  |  |  | Grant Date |
|  | Options |  |  | Fair Value |
Non-vested at January 1, 2018 |  |  | 2,112,800 |  |  | $ | 0.70 |
Vested |  |  | (376,000 | ) |  | $ | 0.59 |
Canceled |  |  | (61,000 | ) |  | $ | 0.73 |
Non-vested at June 30, 2018(Unaudited) |  |  | 1,675,800 |  |  | $ | 0.72 |
Schedule of Stock Options Outstanding and Exercisable | The following table outlines the options outstanding and exercisable as of June 30, 2018:
|  | June 30, 2018 |  |  |  |  |  |  |
|  | Number of |  |  |  |  |  |  |
|  | Options |  |  | Exercise |  |  | Expiration |
|  | Outstanding |  |  | Price |  |  | Date |
2017 Service Agreement Options (Marketing) |  |  | 50,000 |  |  | $ | 1.29 |  |  |  | 10/31/2020 |
2017 Service Agreement Options (Marketing) |  |  | 50,000 |  |  | $ | 1.63 |  |  |  | 11/30/2020 |
2017 Service Agreement Options (Marketing) |  |  | 50,000 |  |  | $ | 1.48 |  |  |  | 12/31/2020 |
2017 Consulting Service Agreement Options |  |  | 50,000 |  |  | $ | 1.02 |  |  |  | 05/27/2021 |
|  |  | 200,000 |  |  |  |  |  |  |  |  |

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- Definition Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate. + 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 -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested shares. + 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 (c)(2) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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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=109197908&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=109197908&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=109197908&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=109197908&loc=d3e5070-113901 + Details
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