STOCKHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION	3 Months Ended
Mar. 31, 2018
Stockholders Equity And Share-based Compensation
STOCKHOLDERS' EQUITY AND SHARE-BASED COMPENSATION	The Company’s authorized capital consists of 150,000,000 shares of common stock, par value $0.0001 per share, and 5,000,000 shares of preferred stock, par value $0.0001 per share. To reflect the recapitalization (see Note 1) historical shares of common stock and additional paid-in capital were retroactively adjusted using the exchange ratio of approximately 23,930.60 shares of common stock for each member unit of Wrap LLC. Effective with the Merger, the Company adopted and the shareholders approved on March 31, 2017 the 2017 Stock Incentive Plan (the “Plan”) authorizing 2,000,000 shares of common stock for issuance as stock options and restricted stock units to employees, directors or consultants. At March 31, 2018, there had been no option grants or restricted stock awards made under the Plan and none were outstanding.

STOCKHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION

3 Months Ended

Mar. 31, 2018

Stockholders Equity And Share-based Compensation

STOCKHOLDERS' EQUITY AND SHARE-BASED COMPENSATION

The Company’s authorized capital consists of 150,000,000 shares of common stock, par value $0.0001 per share, and 5,000,000 shares of preferred stock, par value $0.0001 per share. To reflect the recapitalization (see Note 1) historical shares of common stock and additional paid-in capital were retroactively adjusted using the exchange ratio of approximately 23,930.60 shares of common stock for each member unit of Wrap LLC.

Effective with the Merger, the Company adopted and the shareholders approved on March 31, 2017 the 2017 Stock Incentive Plan (the “Plan”) authorizing 2,000,000 shares of common stock for issuance as stock options and restricted stock units to employees, directors or consultants. At March 31, 2018, there had been no option grants or restricted stock awards made under the Plan and none were outstanding.