Stockholder's Equity (Tables)

9 Months Ended

Sep. 30, 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		60,000		6		323,994						324,000						324,000
Issuance of common stock from warrant exercise for cash		1,430,978		144		7,487,034			-			7,487,178			-			7,487,178
Issuance of common stock for services by third parties		71,833		6		329,590			-			329,596			-			329,596
Issuance of common stock for services by employees		53,608		5		489,023			-			489,028			-			489,028
Issuance of common stock in exchange of debt		667,273		67		3,703,571			-			3,703,638			-			3,703,638
Issuance of detachable warrants on notes payable		-		-		351,548			-			351,548			-			351,548
Stock option exercises		29,211		3		105,941			-			105,944			-			105,944
Stock-based compensation		-		-		586,016			-			586,016			-			586,016
Net issuance to settle RSUs		-		-		(88,851	)		-			(88,851	)		-			(88,851	)
Net loss attributable to noncontrolling interests		-		-		-			-			-			(638	)		(638	)
Net loss attributable to common shareholders		-		-		-			(5,851,503	)		(5,851,503	)		-			(5,851,503	)
Balance, September 30, 2018		7,202,648	$	720	$	,36,511,301		$	(23,942,464	)	$	12,569,557		$	14,947		$	12,584,504

Summary of Stock Option Activity

A summary of all stock option activity at and for the nine months ended September 30, 2018 is presented below:

	# of Options			Weighted- Average Exercise Price
Outstanding at December 31, 2017		369,006		$	6.47
Options granted		486,500		$	4.61
Options exercised		(37,630	)		5.24
Options canceled		(71,945	)	$	4.65
Outstanding at September 30, 2018		745,931		$	5.09
Exercisable at September 30, 2018		304,791		$	5.84

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 nine months ended September 30, 2018:

Risk-free interest rate	2.44	%
Expected term (in years)	6.21
Dividend yield	-
Expected volatility	63	%

Warrant [Member]

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

The Company has determined the warrants should be classified as equity on the condensed consolidated balance sheet as of September 30, 2018. The estimated fair value of the warrants at issuance was $1,951,080, 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		31	%
Risk-free interest rate		2.587	%
Expected term (in years)		4.2
Expected dividend yield		-
Fair value of common stock	$	7.89

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
Nine months ended September 30, 2018:
Granted		500,000			4.5 years	$	5.40	$	1,400,000
Exercised		(1,925,286	)		4.5 years	$	5.34		-
Forfeited and cancelled		(34,022	)		4.5 years	$	5.40		-
Outstanding at September 30, 2018		1,163,769			2.28 years	$	6.75	$	1,687,465