Annual report pursuant to Section 13 and 15(d)

Prepaid Expenses (Tables)

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Prepaid Expenses (Tables)
12 Months Ended
Dec. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Prepaid Expenses

The following table represents the amounts included in the accompanying consolidated financial statements, as summarized:

 

    December 31, 2016     December 31, 2015  
Prepaid Expense                
Compensation for services   $ 403,212     $ 25,000  
Placement fees and transaction costs     379,932       381,500  
Less accumulated amortization     (621,980 )     (24,855 )
Total   $ 161,164     $ 381,645