Stockholder's Equity (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of Shareholder's Equity

	Common Stock				Paid-in			Accumulated			Total Stockholders’
	Shares		Amount		Capital			Deficit			Equity
Balance, December 31, 2018		8,764,085	$	876	$	45,888,872		$	(27,138,630	)	$	18,751,118
Issuance of common stock in exchange for services by third parties		-		-		26,862			-			26,862
Issuance of common stock for services by employees		63,978		7		376,975			-			376,985
Issuance of common stock for purchase Craft Canning + Bottling, LLC		338,212		34		2,079,970			-			2,080,004
Stock option exercises		1,077		-		-			-			-
Stock-based compensation		-		-		395,561			-			395,561
Net issuance to settle RSUs		-		-		(32,290	)		-			(32,290	)
Adjustment to accumulated deficit for adoption of ASC 842		-		-		-			(187,353	)		(187,353	)
Contributed capital		-		-		14,000			-			14,000
Net loss attributable to common shareholders		-		-		-			(5,891,926	)		(5,891,926	)
Balance, June 30, 2019		9,167,352		917		48,794,950		$	(33,217,909	)	$	15,532,958

Summary of Stock Option Activity

A summary of all stock option activity at and for the six months ended June 30, 2019 is presented below:

	# of Options			Weighted- Average Exercise Price
Outstanding at December 31, 2018		895,858		$	5.62
Options granted		79,000		$	5.03
Options exercised		(3,167	)	$	4.04
Options canceled		(32,334	)	$	4.73
Outstanding at June 30, 2019		939,357		$	5.61
Exercisable at June 30, 2019		545,521		$	5.69

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 six months ended June 30, 2019:

Risk-free interest rate	2.22	%
Expected term (in years)	6.5
Dividend yield	-
Expected volatility	31	%

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, 2018		1,083,435		1.04 years	$	6.83	$	-
Six months ended June 30, 2019:
Granted		146,262		2.50 years	$	7.80	$	-
Exercised		-		-	$	-	$	-
Forfeited and cancelled		-		-	$	-	$	-
Outstanding at June 30, 2019		1,229,697		1.27 years	$	6.95	$	-

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		31	%
Risk-free interest rate		2.51	%
Expected term (in years)		3.0
Expected dividend yield		-
Fair value of common stock	$	6.10