XML 71 R58.htm IDEA: XBRL DOCUMENT v3.19.1
Stockholders' Equity (Details Narrative) - USD ($)
1 Months Ended 12 Months Ended
Apr. 20, 2018
Dec. 29, 2017
Oct. 29, 2017
Jun. 30, 2017
Dec. 31, 2018
Dec. 31, 2017
Aug. 10, 2017
May 11, 2017
Feb. 13, 2017
Dec. 31, 2016
Preferred stock, authorized         40,000,000 40,000,000       40,000,000
Preferred stock, par value (in dollars per share)         $ 0.0001 $ 0.0001       $ 0.0001
Preferred stock, shares outstanding         0 0       0
Common stock, outstanding         1,358,597 1,322,264       1,358,597
Common stock, authorized         300,000,000 300,000,000       300,000,000
Common stock, par value (in dollars per share)         $ 0.0001 $ 0.0001       $ 0.0001
Common stock issued in connection with warrants (In shares)           433,750        
Warrants value           $ 337,500        
Stock-based compensation expense         $ 376,500 523,613        
Value of award         55,289 $ 181,004        
2017 Employee Stock Purchase Plan [Member]                    
Employee Stock Purchase Plan, Description     Company may grant eligible employees the right to purchase our common stock through payroll deductions at a price equal to the lesser of eighty five percent (85%) of the fair market value of a share of common stock on the exercise date of the current offering period or eighty five percent (85%) of the fair market value of our common stock on the grant date of the then current offering period. The first offering period began on November 14, 2017. Thereafter, there will be consecutive six-month offering periods until January 2, 2022, or until the 2017 ESPP is terminated by the Board of Directors of the Company, if earlier.              
Stock-based compensation expense         $ 12,000          
Series AA Preferred Stock [Member]                    
Preferred stock, authorized           3,000,000        
Board Of Directors                    
Number of restricted shares issued, new issue 15,640 16,800   8,000   17,600        
Value of restricted stock grant       $ 72,099   $ 150,258        
Description of vesting rights These shares will be issued to certain executives upon vesting: 50% of the grant upon the Company reporting its first quarter positive Adjusted EBITDA (as presented by the Company) and 50% of the grant upon the Company reporting its first quarter positive Net Income (GAAP). The value of the shares of $4.55 per share was based on the fair market value of the Company’s common stock on the date of the issuance was approved. The Company will expense the value of the shares when it determines it is probable the performance targets will be achieved. There was no expense recorded during the year ended December 31, 2018. These shares will be issued to certain executives upon vesting: 50% of the grant upon the Company reporting its first quarter positive Adjusted EBITDA (as presented by the Company) and 50% of the grant upon the Company reporting its first quarter positive Net Income (GAAP). The value of the shares of $6.25 per share was based on the fair market value of the Company’s common stock on the date of the issuance was approved. The Company will expense the value of the shares when it determines it is probable the performance targets will be achieved. There was no expense recorded during the years ended December 31, 2018 and 2017.   These shares will be issued to certain executives upon the Company meeting the following bench marks: 50% will vest when the price per share of the Company’s common stock, based upon a 30-trading day VWAP, is equal to at least $25.00 per share and 50% will vest when the price per share of the Company’s common stock, based upon a 30-trading day VWAP, is equal to at least $43.75 per share.   These shares will be issued to certain executives and employees upon vesting, which will occur when the price per share of the Company’s common stock, measured and approved based upon a 30-day trading VWAP, is equal to at least $25.00 per share.        
Employees [Member] | Equity Incentive Program [Member] | Minimum [Member]                    
Share price (in dollars per share)           $ 10.00        
Employees [Member] | Equity Incentive Program [Member] | Maximum [Member]                    
Share price (in dollars per share)           15.00        
Six Directors [Member] | Director Compensation Plan [Member] | Minimum [Member]                    
Share price (in dollars per share)           9.63        
Six Directors [Member] | Director Compensation Plan [Member] | Maximum [Member]                    
Share price (in dollars per share)           $ 15.00        
Two Employees [Member] | Equity Incentive Program [Member]                    
Share price (in dollars per share)                 $ 15.63  
Three accredited investors [Member] | Equity Incentive Program [Member]                    
Share price (in dollars per share)             $ 10.00 $ 10.00    
One Employee | 2017 Employee Stock Purchase Plan [Member]                    
Share price (in dollars per share)         $ 7.50          
Number of common stock issued         1,200          
Directors | 2017 Employee Stock Purchase Plan [Member]                    
Number of common stock issued         31,355          
Six directors | 2017 Employee Stock Purchase Plan [Member] | Minimum [Member]                    
Share price (in dollars per share)         $ 6.38          
Six directors | 2017 Employee Stock Purchase Plan [Member] | Maximum [Member]                    
Share price (in dollars per share)         8.13          
EightEmployee [Member] | 2017 Employee Stock Purchase Plan [Member]                    
Share price (in dollars per share)         $ 5.38          
Number of common stock issued         3,778