Issuance of Common Stock, Warrants and Convertible Preferred Stock (Tables)

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

Schedule of balance of stockholder's equity

Shares

Number of shares of common

Shares

Issued and

Net

Conversion

stock

Liquidation

Liquidation

Authorized

Outstanding

Proceeds

Price/Share

Equivalents

Preference

Value/Share

Series A

3,000

50

$

38,932

$

1.50

33,333

$

125,000

$

2,500

Schedule of warrants Black-Scholes option-pricing model assumption

The estimated fair value of the warrants after relative fair value allocation at issuance was $2,010,502, based on the Black-Scholes option-pricing model using the weighted-average assumptions below:

Volatility		75	%
Risk-free interest rate		1.03	%
Expected term (in years)		3.0
Expected dividend yield		-
Fair value of common stock	$	1.68

Schedule of warrants 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, 2015		—			—	$	—	$	—
Granted		4,306,915				$	2.06	$	-
Exercised		(1,451,319	)				1.30
Forfeited and cancelled		(315,301	)				2.00		-
Outstanding at December 31, 2016		2,540,295			2.77 years	$	2.16	$	-