XML 55 R44.htm IDEA: XBRL DOCUMENT v3.8.0.1
STOCKHOLDERS' EQUITY (Details Narrative 1) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Warrants:        
Warrants outstanding $ 3,115,905   $ 3,115,905  
Weighted-average contractual remaining life     2 years 29 days  
Weighted average exercise price of warrants (in dollars per share) $ 2.58   $ 2.58  
Share based compensation expense     $ 5,037,783 $ 13,385,215
Outside Consultant Warrants [Member]        
Warrants:        
Exercise price of warrants (in dollars per share) $ 6.83   $ 6.83  
Weighted average exercise price of warrants (in dollars per share)   $ 7.90   $ 7.90
Warrants granted (in shares)     125,000 245,000
Grant date fair value (in dollars per share)     $ 3.67 $ 4.78
Expiration date of warrants     Mar. 15, 2022 Jan. 21, 2021
Vesting period of warrants     12 months 12 months
Expected term     5 years 5 years
Volatility rate     63.24%  
Risk free rate     1.47%  
Dividend yield     0.00% 0.00%
Outside Consultant Warrants [Member] | Tranche One [Member]        
Warrants:        
Warrants granted (in shares)     75,000  
Expiration date of warrants     Apr. 21, 2021  
Vesting date of warrants     Apr. 21, 2016  
Outside Consultant Warrants [Member] | Tranche Two [Member]        
Warrants:        
Warrants granted (in shares)     50,000  
Expiration date of warrants     Apr. 21, 2021  
Vesting period of warrants     24 months  
Outside Consultant Warrants [Member] | Tranche Three [Member]        
Warrants:        
Warrants granted (in shares)     120,000  
Expiration date of warrants     Jan. 21, 2021  
Vesting period of warrants     12 months  
Warrants [Member]        
Warrants:        
Share based compensation expense $ 101,376 $ 137,161 $ 217,150 $ 820,751
Unamortized costs $ 279,000   $ 279,000  
Minimum [Member]        
Warrants:        
Exercise price of warrants (in dollars per share) $ 0.24   $ 0.24  
Minimum [Member] | Outside Consultant Warrants [Member]        
Warrants:        
Volatility rate       74.10%
Risk free rate       1.04%
Maximum [Member]        
Warrants:        
Exercise price of warrants (in dollars per share) $ 8.20   $ 8.20  
Maximum [Member] | Outside Consultant Warrants [Member]        
Warrants:        
Volatility rate       74.15%
Risk free rate       1.28%