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Equity (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of status of the restricted stock grants issued under the Equity Plan


	The Year Ended December 31,
	2017			2016
		Weighted			Weighted
		Average Grant			Average
		Date Fair			Grant Date
	Number of	Value Per		Number of	Fair Value
Restricted Stock Grants	Shares	Share		Shares	Per Share
Outstanding at beginning of period	100,000	$	0.63	84,170	$	0.46
Granted during the period	200,000		0.53	100,000		0.63
Restrictions lifted during the period	(96,666)		0.60	(84,170)		0.46
Forfeited during the period	—		—	—		—
Outstanding at end of period	203,334	$	0.55	100,000	$	0.63

Schedule of status of the stock option grants issued under the Equity Plan


	The Year Ended December 31,
	2017			2016
		Weighted			Weighted
		Average			Average
		Exercise			Exercise
	Number of	Price Per		Number of	Price Per
Equity Plan Options	Shares	Share		Shares	Share
Outstanding at beginning of period	95,810	$	8.02	245,810	$	3.47
Granted during the period	—		—	—		—
Forfeited or expired during period	(55,500)		8.00	(150,000)		0.56
Exercised during period	—		—	—		—
Outstanding at end of period	40,310	$	8.05	95,810	$	8.02
Exercisable at end of period	40,310	$	8.05	95,810	$	8.02
Granted and vested	40,310	$	8.05	95,810	$	8.02

Schedule of restricted stock units


	The Year Ended December 31,
	2017			2016
		Weighted			Weighted
		Average Grant			Average
		Date Fair			Grant Date
	Number of	Value Per		Number of	Fair Value
Restricted Stock Units	Shares	Share		Shares	Per Share
Outstanding at December 31, 2016	1,607,317	$	1.28	1,245,285	$	1.66
Granted during the period	280,000		0.48	530,000		0.42
Restrictions lifted during the period	—		—	(167,968)		1.40
Forfeited during the period	—		—	—		—
Outstanding at December 31, 2017	1,887,317	$	1.16	1,607,317	$	1.28

Summary of the status of the Company's common stock warrants


	The Year Ended December 31,
	2017			2016
		Weighted			Weighted
	Number of	Average Exercise		Number of	Average Exercise
	Underlying	Price Per		Underlying	Price Per
Common Stock Warrants	Shares	Share		Shares	Share
Outstanding at December 31, 2016	17,578,950	$	2.17	8,777,409	$	3.96
Granted during period	—		—	6,000,000		0.75
Dilution adjustment	157,302			2,801,541		—
Expired during period	(6,258,080)		4.62	—		—
Exercised during period	—			—		—
Outstanding at December 31, 2017	11,478,172	$	0.81	17,578,950	$	2.17

- 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