Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2016

Share-based Compensation [Abstract]

Schedule of summary of all stock option activity

A summary of all stock option activity at and for the years ended December 31, 2016 and 2015 is presented below:

	# of Options			Weighted- Average Exercise Price
Outstanding at December 31, 2014		50,000	(1)	$	8.00
Options granted		82,500	(2)		23.20
Options exercised		-			-
Options canceled		(22,500	)(2)		40.00
Outstanding at December 31, 2015		110,000		$	12.80
Options granted		427,500	(3)		1.83
Options exercised		-			-
Options canceled		(16,250	)(3)		36.23
Outstanding at December 31, 2016		521,250		$	3.08
Exercisable at December 31, 2016		144,973		$	4.77

(1) Non-Plan options.

(2) 60,000 options granted under 2015 Stock Incentive Plan; 22,500 non-plan options, which were subsequently canceled under an agreement with the holder.

(3) 427,500 options granted under 2016 Equity Incentive Plan; 16,250 options were canceled under the 2015 Stock Incentive Plan

Schedule of weighted-average assumptions were used in the Black-Scholes valuation model for options

The following weighted-average assumptions were used in the Black-Scholes valuation model for options granted during the year ended December 31, 2016:

Risk-free interest rate	1.17	%
Expected term (in years)	3.38
Dividend yield	-
Expected volatility	75	%