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Summary of Significant Accounting Policies (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2017
Dec. 31, 2016
Summary of Significant Accounting Policies [Abstract]    
Summary of estimated amortization expense of intangible assets
For the year ending December 31,:      
2018   $ 589,264  
2019     144,064  
2020     144,064  
2021     144,064  
2022     139,741  
Thereafter     1,867,050  
    $ 3,028,247  
  For the year ending December 31,:      
  2017   $ 583,500  
  2018     583,500  
  2019     138,300  
  2020     138,300  
  2021     138,300  

Summary of financial liabilities measured at fair value on recurring basis
   

March 31,

2017

   

Quoted

prices in

active market

for identical

assets

(Level l)

   

Significant

other

observable

inputs

(Level 2)

   

Significant

unobservable

inputs

(Level 3)

 
Short-term investment   $ 30,021     $      -     $ 30,021     $ -  
Conversion Option Liabilities   $ 288,134     $ -     $ -     $ 288,134  

 

    December 31, 2016     Quoted
prices in active market for identical
assets
(Level l)
    Significant other observable inputs 
(Level 2)
    Significant unobservable inputs 
(Level 3)
 
Short-term investment   $ 30,017     $   -     $ 30,017     $ -  
Conversion Option Liabilities   $ 384,461     $ -     $ -     $ 384,461  

   

Successor

December 31,
2016

  Quoted prices in active market for identical assets
(Level l)
  Significant other
observable inputs
(Level 2)
  Significant
unobservable inputs
(Level 3)
 
 Short-term investment $30,017  $   -  $30,017  $- 
 Conversion Option Liabilities $384,461  $-  $-  $384,461 

 

   

Predecessor

December 31,
2015

  Quoted prices in active market for identical assets
(Level l)
  Significant other observable inputs
(Level 2)
  Significant unobservable inputs
(Level 3)
 
 Short-term investment $30,003  $    -  $30,003  $    - 
 Warrant Liabilities $-  $-  $-  $-(1)
 Conversion Option Liabilities $-  $-  $-  $-(1)

 

(1)De minimis value at December 31, 2015.
Summary of changes in fair value of company's level 3 financial liabilities measured on recurring basis
   

For the

Three Months

Ended
March 31,
2017

 
Beginning balance   $ 384,461  
Aggregate fair value of conversion option liabilities and warrants issued     -  
Change in fair value related to increase in warrants issued for anti-dilutive adjustment     -  
Change in fair value of conversion option liabilities and warrants     (96,327 )
Ending balance   $ 288,134  

   

Successor

For the year ended
December 31,
2016

  

Predecessor

For the year ended
December 31, 2015

 
 Beginning balance $-  $646,671 
 Aggregate fair value of conversion option liabilities issued  503,971   - 
 Change in fair value related to increase in warrants issued for anti-dilutive adjustment  -   - 
 Change in fair value of conversion option liabilities and warrants  (119,510)  (646,671)
 Ending balance $384,461  $-