Stockholder's Equity (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of Balance of Stockholder's Equity

	Common Stock				Paid-in		Accumulated			Total Stockholders’			Non-controlling interest in consolidated		Total
	Shares		Amount		Capital		Deficit			Equity			Entities		Equity
Balance, December 31, 2017		4,889,745	$	489	$	23,223,435	$	(18,090,961	)	$	5,132,963		$	15,585	$	5,148,548
Issuance of common stock from warrant exercise for cash		126,000		13		680,387		-			680,400			-		680,400
Issuance of common stock for services by third parties		12,525		1		60,931		-			60,932			-		60,932
Issuance of common stock for services by employees		16,500		1		90,509		-			90,510			-		90,510
Stock-based compensation		-		-		174,744		-			174,744			-		174,744
Net profit attributable to noncontrolling interests		-		-		-		-			-			593		593
Net loss attributable to common shareholders		-		-		-		(1,319,117	)		(1,319,117	)		-		(1,319,117	)
Balance, March 31, 2018		5,044,770	$	504	$	24,230,006	$	(19,410,078	)	$	4,836,610		$	16,178	$	4,836,610

Summary of Stock Option Activity

A summary of all stock option activity at and for the three months ended March 31, 2018 is presented below:

	# of Options		Weighted- Average Exercise Price
Outstanding at December 31, 2017		369,006	$	6.47
Options granted		355,000	$	3.97
Options exercised		-
Options canceled		-
Outstanding at March 31, 2018		724,006	$	4.84
Exercisable at March 31, 2018		198,448	$	6.55

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, 2018:

Risk-free interest rate	2.36	%
Expected term (in years)	6.11
Dividend yield	-
Expected volatility	75	%

Warrant [Member]

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

The estimated fair value of the warrants at issuance was $988,923, based on a combination of closing market trading price on the date of issuance for the public offering warrants, and the Black-Scholes option-pricing model using the weighted-average assumptions below:

Volatility		75	%
Risk-free interest rate		2.475	%
Expected term (in years)		4.5
Expected dividend yield		-
Fair value of common stock	$	4.74

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, 2017		2,623,077			3.62 years	$	5.96	$	54,880
Three months ended March 31, 2018:
Granted		217,298			4.5 years	$	5.40	$	347,677
Exercised		(126,000	)		4.5 years	$	5.40		-
Forfeited and cancelled		-			-	$	-		-
Outstanding at March 31, 2018		2,714,375			3.67 years	$	5.94	$	2,877,238