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Share-Based Compensation (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2018
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]    
Schedule of Stock Option Activities

Following is a summary of the option activities during the six months ended June 30, 2018:

 

    Number of Units     Weighted
Average
Exercise Price
    Weighted Average
Remaining Contractual
Term (in years)
 
Outstanding, December 31, 2017     812,574     $ 3.01       5.64  
Granted     987,500     $ 5.14          
Exercised     (29,200 )   $ 0.0001          
Cancelled     (71,162 )   $ 4.69          
Outstanding, June 30, 2018     1,699,712     $ 4.21       5.04  
Exercisable, June 30, 2018     769,934     $ 3.00       5.24  

Following is a summary of the option activities during the years ended December 31, 2017 and 2016:

 

    Number of Units     Weighted
Average
Exercise Price
    Weighted Average
Remaining Contractual
Term (in years)
 
Outstanding, December 31, 2015     729,434     $ 0.12          
Granted     120,971     $ 0.13          
Outstanding, December 31, 2016     850,405     $ 0.08 *     7.58  
Granted     374,542     $ 6.39          
Exercised     (291,402 )   $ 0.0001          
Cancelled     (120,971 )   $ 0.12          
Outstanding, December 31, 2017     812,574     $ 3.01       5.64  
Exercisable, December 31, 2017     396,596     $ 0.57       6.42  

 

* Adjusted due to the change of exercise price of options issued to its Chief Financial Officer effective November 1, 2016.

Schedule of Warrant Activity

Following is a summary of the warrant activities during the six months ended June 30, 2018:

 

    Number of Units     Weighted
Average
Exercise Price
    Weighted Average
Remaining Contractual
Term (in years)
 
Outstanding, December 31, 2017     1,070,717     $ 7.57       2.12  
Granted     386,012     $ 5.96       3.50  
Cancelled     (289,253 )   $ 3.94       1.50  
Outstanding, June 30, 2018     1,167,476     $ 4.44       2.14  
Exercisable, June 30, 2018     817,789     $ 3.99       1.51  

Following is a summary of the warrants activities during the years ended December 31, 2017 and 2016:

 

    Number of Units     Weighted
Average
Exercise Price
    Weighted Average
Remaining Contractual
Term (in years)
 
Outstanding, December 31, 2015     -                  
Granted     -                  
Outstanding, December 31, 2016     -                  
Granted     1,070,717     $ 7.57       2.12  
Outstanding, December 31, 2017     1,070,717     $ 7.57       2.12  
Exercisable, December 31, 2017     1,020,717     $ 7.56       2.00  

Schedule of Stock Compensation Expenses

For the six months ended June 30, 2018 and 2017, the Company recorded the following stock compensation in general and administrative expense:

 

    2018     2017  
Stock options   $ 967,597     $ 84,531  
Warrants     131,047       -  
Common stock     12,000       -  
                 
Total stock compensation expense   $ 1,110,644     $ 84,531  

For the years ended December 31, 2017 and 2016, the Company recorded the following stock compensation expense:

 

    2017     2016  
Stock options   $ 323,875     $ 464,321  
Warrants     2,718,554       -  
Class A common stock grants     1,302,000       -  
                 
Total stock compensation expense   $ 4,344,429     $ 464,321