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Stockholders' Deficit (Tables)
6 Months Ended
Jun. 30, 2019
Schedule of options outstanding

   Incentive   Weighted 
   Stock   Average 
   Options   Exercise Price 
Outstanding - January 1, 2019   4,700,000   $       2.50 
Granted   119,250    2.50 
Forfeited/canceled   -    - 
Exercised   -    - 
Outstanding - June 30, 2019 (unaudited)   4,819,250   $2.50 

Schedule of options outstanding and exercisable

    Options Outstanding     Options Exercisable  
Range of Exercise Prices   Number     Price*     Life*     Number     Price*  
$2.50     4,819,250     $ 2.50       8.85       2,230,713     $ 2.50  
Total - June 30, 2019   4,819,250     $ 2.50       8.85       2,230,713     $ 2.50  

 

*Price and Life reflect the weighted average exercise price and weighted average remaining contractual life, respectively.

Schedule of Black-Scholes option-pricing model

 

   For the Six Months Ended 
   June 30, 
   2019   2018 
   (Unaudited)   (Unaudited) 
Approximate risk-free rate   2.54    2.67%
Average expected life   7 years    5 years 
Dividend yield   0.00%   0.00%
Volatility   44.3    103.75%
Estimated fair value of total options granted  $30,713   $7,644,468 

Schedule of activity for warrants outstanding

 

       Weighted 
   Number of   Average 
   Warrants   Exercise Price 
Outstanding - January 1, 2019   4,293,894   $3.09 
Issued   4,560,000    2.50 
Forfeited/canceled   -    - 
Exercised   -    - 
Outstanding - June 30, 2019 (unaudited)   8,853,894   $2.79 

Warrants [Member]  
Schedule of Black-Scholes option-pricing model

 

   For the Six Months Ended 
   June 30, 
   2019   2018 
Approximate risk-free rate   2.49%   2.67%
Average expected life   10 years    5 years 
Dividend yield   0.00%   0.00%
Volatility   60%   103.75 
Estimated fair value of total warrants granted  $2,057,098   $3,220,400 

Schedule of activity for warrants outstanding

   Warrants Outstanding   Warrants Exercisable 
Range of Exercise Prices  Number   Price*   Life*   Number   Price* 
$2.50   7,750,562   $2.50    9.57    7,750,562   $2.50 
$3.00   436,666   $3.00    8.92    436,666   $3.00 
$5.00   333,333   $5.00    -    -    - 
$7.00   333,333   $7.00    -    -    - 
Total - June 30, 2019   8,853,894   $2.79    9.51    8,187,228   $2.51 

 

   Warrants Outstanding   Warrants Exercisable 
Range of Exercise Prices  Number   Price*   Life*   Number   Price* 
$2.50   1,240,000   $2.50    8.75    1,240,000   $2.50 
$3.00   103,000   $3.00    3.95    103,333   $3.00 
$3.00   333,333   $3.00                
$5.00   333,333   $5.00    -    -    - 
$7.00   333,333   $7.00    -    -    - 
Total - June 30, 2018   2,342,999   $3.59    8.08    1,343,333   $2.54 

 

*Price and Life reflect the weighted average exercise price and weighted average remaining contractual life, respectively.