Share-Based Payments (Tables)

3 Months Ended

Mar. 31, 2017

Compensation and Retirement Disclosure [Abstract]

Schedule of share-based payments expense

	Three Months Ended
	March 31		March 31
	2017		2016
Employees and directors share-based payments	$	71,428	$	139,000

Schedule of stock option activity

					Weighted Average
					Remaining		Aggregated
	Options		Weighted Average		Contractual Life		Intrinsic
	Outstanding		Exercise Price		(Years)		Value
Outstanding at January 1, 2017		2,101,428	$	2.42		4.59		-
Granted		150,000		1.62
Exercised		-
Expired		-
Forfeited		-
Outstanding at March 31, 2017		2,251,428		2.33		4.67		-
Vested and expected to vest as of March 31, 2017		2,251,428		2.33		4.67		-
Options exercisable at March 31, 2017 (vested)		1,687,051		2.80		3.38		-

Schedule of assumptions used to estimate the fair values of the share options

	Black Scholes
Risk-free interest rate		2.26% ~ 2.34	%
Expected volatility		55	%
Expected term		5.88 years
Expected dividend yield		0	%

Schedule of warrants outstanding and exercisable

	March 31,		December 31,
	2017		2016
	Number of		Number of
	Warrants		Warrants
Warrants Outstanding	Outstanding and  Exercisable		Outstanding and  Exercisable		Exercise Price		Expiration Date
2012 August Financing Warrants  (i)		536,250		536,250	$	1.50	08/30/17
2013 Broker Warrants (Series D Financing)		223,571		228,571	$	1.75	07/05/18
2013 Broker Warrants (Convertible Note)		114,285		114,285	$	1.75	11/04/18
2014 Broker Warrants (Series E Financing)		1,085,714		1,085,714	$	1.75	01/31/19
2016 Warrants to SSS (Note 12)		1,818,182		1,818,182	$	2.75	03/28/18
		3,778,002		3,783,002

(i) The warrants are classified as derivative liabilities as disclosed in Note 13.