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Stockholder's Deficit (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2017
Dec. 31, 2016
Schedule of Balance of Stockholder's Equity

    Convertible Series A                             Total  
    Preferred Stock     Common Stock     Paid-in     Accumulated     Stockholders'  
    Shares     Amount     Shares     Amount     Capital     Deficit     Deficit  
Balance, Dec 31, 2016     300      $ 245,838       2,542,504       $254       13,699,785     $ (12,813,044 )   $ 1,132,833  
Issuance of common stock      -       -       15,000       2       58,498               58,500  
Issuance of common stock, net of issuance costs of $6,033, with detachable warrants      -        -       192,308       19       743,948               743,967  
Issuance of common stock from warrant exercise for cash      -        -       40,834       4       159,246               159,250  
Issuance of common stock for services by third parties      -        -       19,796       2       83,798               83,800  
Issuance of common stock for services by employees      -        -       575       -       2,517               2,517  
Stock-based compensation      -        -       -         -       158,658               158,658  
Issuance of common stock for acquisition of MotherLode, net of issuance costs of $5,580      -        -       86,667       9       371,411               371,420  
Shares Issued for payoff of long-term notes      -        -       22,436       2       87,498               87,500  
Cumulative dividend on Series A preferred     -       5,037                               (5,037 )     -   
Common shares issued for preferred conversion     (250 )     (201,449 )     83,334       8       201,441               -   
Net loss     -        -         -       -              (901,818 )     (901,818 )
Balance, Mar 31, 2017     50     49,426       3,003,451      $ 300       $15,566,800     $ (13,719,899 )   $ 1,896,627  

 
Schedule of Issuance of Convertible Preferred Stock

                            Number of shares              
    Shares     Shares
Issued and
    Net     Conversion     of common stock     Liquidation     Liquidation  
    Authorized     Outstanding     Proceeds     Price/Share     Equivalents     Preference     Value/Share  
                                                         
Series A     3,000       50     $ 49,426     $ 4.50       11,111     $ 125,000     $ 2,500  

The following table provides various information about the Series A convertible preferred stock.

 

          Shares                 Number of shares              
    Shares     Issued and     Net     Conversion     of common stock     Liquidation     Liquidation  
    Authorized     Outstanding     Proceeds     Price/Share     Equivalents     Preference     Value/Share  
Series A convertible preferred stock     3,000       50     $ 38,932     $ 4.50       11,112     $ 125,000     $ 2,500  

Summary of Stock Option Activity

A summary of all stock option activity at and for the three months ended March 31, 2017 is presented below:

 

    # of Options     Weighted- Average Exercise Price  
Outstanding at December 31, 2016     173,750     $ 9.24  
Options granted     111,667 (1)     4.71  
Options exercised     -       -  
Options canceled     -       -  
Outstanding at March 31, 2017     285,417     $ 7.47  
                 
Exercisable at March 31, 2017     86,285     $ 11.79  

 

(1) options granted under 2016 Stock Incentive Plan;

A summary of all stock option activity at and for the years ended December 31, 2016 and 2015 is presented below:

 

    # of Options     Weighted-
Average
Exercise Price
 
Outstanding at December 31, 2014     16,667 (1)   $ 24.00  
Options granted     27,500 (2)     69.60  
Options exercised     -       -  
Options canceled     (7,500 )(2)     120.00  
Outstanding at December 31, 2015     36,667     $ 38.40  
Options granted     142,500 (3)     5.49  
Options exercised     -       -  
Options canceled     (5,417 )(3)     108.69  
Outstanding at December 31, 2016     173,750     $ 9.24  
                 
Exercisable at December 31, 2016     48,325     $ 14.31  

 

(1) Non-Plan options.

 

(2) 27,500 options granted under 2015 Stock Incentive Plan; 7,500 non-plan options, which were subsequently canceled under an agreement with the holder.

 

(3) 142,500 options granted under 2016 Equity Incentive Plan; 5,417 options were canceled under the 2015 Stock Incentive Plan.

Schedule of Weighted-average Assumptions Used in Black-Scholes Valuation Method

The following weighted-average assumptions were used in the Black-Scholes valuation model for options granted during the three months ended March 31, 2017:

 

Risk-free interest rate     1.60 %
Expected term (in years)     7.25  
Dividend yield     -  
Expected volatility     75 %

 
Warrant [Member]    
Schedule of Weighted-average Assumptions Used in Black-Scholes Valuation Method

Black-Scholes option-pricing model using the weighted-average assumptions below:

 

Volatility     75 %
Risk-free interest rate     1.50 %
Expected term (in years)     3.0  
Expected dividend yield     -  
Fair value of common stock   $ 4.38  

Volatility     75 %
Risk-free interest rate     1.03 %
Expected term (in years)     3.0  
Expected dividend yield     -  
Fair value of common stock   $ 5.04  

Summary of Warrant Activity

A summary of activity in warrants is as follows:

 

    Warrants     Weighted Average Remaining Life     Weighted Average Exercise Price     Aggregate Intrinsic Value  
                         
Outstanding at December 31, 2016     846,765       2.77 years     $ 6.48     $  
                                 
Three months ended March 31, 2017:                                
Granted     192,308       3.00 years     $ 7.50     $ 0  
Exercised     (40,834 )     2.00 years     $ 3.90          
Forfeited and cancelled     -       -       -       -  
                                 
Outstanding at March 31, 2017     998,239       2.61 years     $ 6.75     $ 0  

A summary of activity in warrants is as follows:

 

    Warrants     Weighted
Average
Remaining
Life
    Weighted
Average
Exercise
Price
    Aggregate
Intrinsic
Value
 
                         
Outstanding at December 31, 2015               $     $  
                                 
Granted     1,435,639             $ 6.18     $ -  
Exercised     (483,773 )             3.90          
Forfeited and cancelled     (105,101 )             6.00       -  
                                 
Outstanding at December 31, 2016     846,765       2.77 years     $ 6.48     $ -