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Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table illustrates the dilutive effect of the assumed exercise of the Company’s outstanding stock options and warrants, using the treasury stock method, for the three and six months ended June 30, 2018 and 2017, respectively:




 
 
For the Three Months Ended June 30,
For the Six Months Ended June 30,
Numerator:
 
2018
2017
2018
2017
Net income (loss)
 
$
(1,396,557
)
$
238,707

$
(10,740,195
)
$
(2,557,952
)
 
 
 
 
 
 
Denominator:
 
 
 
 
 
Denominator for basic income (loss)
 
 
 
 
 
   per share - weighted-average shares
 
2,679,910

2,020,380

2,611,245

2,015,192

Effect of dilutive securities:
 
 
 
 
 
Equity incentive plans
 
—

124,541

—

—

Denominator for diluted income (loss) per share
 
2,679,910

2,144,921

2,611,245

2,015,192

 
 
 
 
 
 
Income (loss) per share - Basic
 
$
(0.52
)
$
0.12

$
(4.11
)
$
(1.27
)
Income (loss) per share - Diluted
 
$
(0.52
)
$
0.11

$
(4.11
)
$
(1.27
)
 
 
 
 
 
 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The Company excluded the following securities from the calculation of diluted net income (loss) per share as the effect would have been antidilutive:

 
 
For the Three Months Ended June 30,
For the Six Months Ended June 30,
 
 
2018
2017
2018
2017
Options to purchase common stock
 
3,295,050

3,095,000

3,295,050

3,770,000

Warrants to purchase common stock
 
354,610

768,800

354,610

768,800

Total
 
3,649,660

3,863,800

3,649,660

4,538,800