Stockholder's Equity (Tables)

9 Months Ended

Sep. 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		280,555		28		1,262,469		-			1,262,497
Issuance of common stock in exchange for services by third parties		4,000		-		64,248		-			64,248
Issuance of common stock for services by employees		128,652		13		737,058		-			737,071
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		-		-		510,674		-			510,674
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		-		-		-		(9,436,225	)		(9,436,225	)
Balance, September 30, 2019		9,516,581		951		50,557,291	$	(36,762,208	)	$	13,796,034

Summary of Stock Option Activity

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

	# of Options			Weighted- Average Exercise Price
Outstanding at December 31, 2018		895,858		$	5.62
Options granted		79,000		$
Options exercised		(3,167	)	$
Options canceled		(32,334	)	$
Outstanding at September 30, 2019		939,357		$	5.61
Exercisable at September 30, 2019		595,286		$	5.62

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, 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	$	-
Nine months ended September 30, 2019:
Granted		286,540			3.00 years	$	6.67	$	-
Exercised		-			-	$	-	$	-
Forfeited and cancelled		(366,736	)		-	$	6.00	$	-
Outstanding at September 30, 2019		1,003,239			1.17 years	$	7.09	$	-

Warrant [Member]

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

Volatility		31	%
Risk-free interest rate		2.11	%
Expected term (in years)		3.0
Expected dividend yield		-
Fair value of common stock	$	5.55