Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of key assumptions used model at inception

	Inception			12/31/2016			1/30/2017

Stock Price	$	0.00 - $60.00		$	0.00 - $15.51			$0.00 - $6.20
Exercise Price	$	1.12		$	22.40			22.40
Term		.5 years			0.8 to 0.91 years			0.72 to 0.83 years
Risk Free Interest Rate		.39% - .47	%		0.85			0.81	%
Volatility		60	%		60	%		60	%
Dividend Rate		0	%		0			0

Schedule of shortfall provision derivative liability

Balance – December 31, 2015	$	-
Issuances of Series C		930,048
Fair Value Adjustment		1,163,575
Balance – December 31, 2016	$	2,093,623
Balance – Warrant liability (see notes 5)		1,250,000
Total Derivative Liabilities – December 31, 2016	$	3,343,623

Balance – December 31, 2016	$	2,093,623
Fair Value Adjustment		844,112
Extinguishment of Liability		(2,937,735	)
Balance – December 31, 2017	$	-

Schedule of outstanding stock warrants

	Number of Shares			Average Exercise Price		Expiration Date
Outstanding - December 31, 2016		148,777		$	3.02
Granted – January 30, 2017		3,112,871			5.16	January 31, 2022
Granted – June 30, 2017		500,000			1.90	June 30, 2022
Granted – June 30, 2017		100,000			2.19	June 30, 2022
Granted – July 11, 2017		75,000			1.90	July 11, 2022
Granted – July and August, 2017		2,227,800			1.44	July and August 2022
Granted – November 2017		1,401,701			1.31	November 2022
Granted – 4^th Quarter 2017		4,740,000			1.20	4^th Quarter 2022
Granted – November 2017		1,000,000			1.00	November 2022
Exercised		(2,500	)		1.90
Exercised		(148,777	)		3.02
Outstanding, December 31, 2017		13,154,872		$	2.21
Warrants exercisable at December 31, 2017		12,490,119

	Number of Shares		Average Exercise Price		If exercised		Expiration Date
Outstanding - December 31, 2015		83,678		-	$	449,518
Granted - Goldman, Sachs & Co.		65,099	$	3.02		-		-
Forfeited		-		-		-		-
Exercised		-		-		-		-
Outstanding, December 31, 2016		148,777	$	3.02	$	449,518		-
Warrants exercisable at December 31, 2016		148,777

Schedule of the company's stock options

	Number of Shares Underlying Options		Weighted Average Exercise Price		Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value (1)

Outstanding at December 31, 2016		12,250	$	19.35	$	4.78		4.84		-

For the year ended December 31, 2017:
Forfeited		778		19.35	$	4.78		-		-

Outstanding at December 31, 2017		11,472	$	19.35	$	4.78		3.61		-

Outstanding and Exercisable at December 31, 2017		4,597	$	19.35	$	4.78		3.61		-

(1)

The aggregate intrinsic value is based on the $1.06 closing price as of December 31, 2017 for the Company’s Common Stock.

	Number of Shares Underlying Options		Weighted Average Exercise Price		Weighted Average Fair Value		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value (1)

Outstanding at December 31, 2015		-

For the year ended December 31, 2016
Granted		12,250	$	19.35	$	4.78		4.84		-
Exercised		-		-		-		-
Expired		-		-		-		-

Outstanding at December 31, 2016		12,250	$	19.35	$	4.78		4.84		-

Outstanding and Exercisable at December 31, 2016		681	$	19.35	$	4.78		4.84		-

(1)

The aggregate intrinsic value is based on the $10.34 closing price as of December 31, 2016 for the Company’s Common Stock.

Schedule of following information applies to options outstanding

Options Outstanding					Options Exercisable
Exercise Price	Number of Shares Underlying Options		Weighted Average Remaining Contractual Life		Number Exercisable		Exercise Price
$12.00		222		3.61		222	$	12.00
$20.00		11,250		3.61		4,375	$	20.00
		11,472		3.61		4,597

Options Outstanding					Options Exercisable
Exercise Price	Number of Shares Underlying Options		Weighted Average Remaining Contractual Life		Number Exercisable		Exercise Price
$12.00		1,000		4.84		56	$	12.00
$20.00		11,250		4.84		625	$	20.00
		12,250				681

Series D Preferred Stock [Member]

Class of Stock [Line Items]

Schedule of offering issued dates

August 31, 2017	$	1,043,000
September 7, 2017		334,500
September 14, 2017		32,500
Total	$	1,410,000

Series E Preferred Stock

Class of Stock [Line Items]

Schedule of offering issued dates

October 17, 2017	$	1,100,000
October 20, 2017		200,000
October 23, 2017		75,000
October 25, 2017		40,000
October 27, 2017		25,000
November 3, 2017		350,000
November 6, 2017		500,000
November 17, 2017		710,000
Total	$	3,000,000

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References + Details