Annual report pursuant to Section 13 and 15(d)

Stockholders??? Equity (Tables)

v3.8.0.1
Stockholders’ Equity (Tables)
12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Schedule of Outstanding Stock Options Activities

A summary of the status of the Company’s outstanding stock options and changes during the years ended December 31, 2017 and 2016, is as follows:

 

    Number of Options     Weighted Average Exercise Price     Weighted Average Remaining Contractual Life (Years)  
Balance at January 1, 2016     19,000     $ 7.50       7.08  
Granted     66,667       1.50       9.96  
Exercised     -       -       -  
Forfeited     -       -       -  
Cancelled     -       -       -  
Balance outstanding at December 31, 2016     85,667     $ 3.00       9.10  
Options exercisable at December 31, 2016     85,667     $ 3.00       9.10  
Weighted average fair value of options granted during the period           $ 3.00          
                         
Balance at January 1, 2017     85,667     $ 3.00       9.10  
Granted     200,000       1.50       9.40  
Exercised     -       -       -  
Forfeited     -       -       -  
Cancelled     -       -       -  
Balance outstanding at December 31, 2017     285,667     $ 1.95       9.01  
Options exercisable at December 31, 2017     285,667     $ 1.95       9.01  
Weighted average fair value of options granted during the period           $ 1.95          

Schedule of Outstanding Stock Warrants Activities

A summary of the status of the Company’s outstanding stock warrants and changes during the years ended December 31, 2017 and 2016, is as follows:

 

    Number of Warrants     Weighted Average Exercise Price     Weighted Average Remaining Contractual Life (Years)  
Balance at January 1, 2016     33     $ 675       1.36  
Granted     -       -       -  
Exercised     -       -       -  
Forfeited     -       -       -  
Cancelled     -       -       -  
Balance at December 31, 2016     33     $ 675       0.35  
                         
Balance at January 1, 2017     33     $ 675       0.35  
Granted     -       -       -  
Exercised     -       -       -  
Forfeited (expired May 19, 2017)     (33 )     (675 )     -  
Cancelled     -       -       -  
Balance outstanding at December 31, 2017     -     $ -       -