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Capital Stock
12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Capital Stock

12. CAPITAL STOCK

The Company is authorized to issue 19,900,000 shares of $0.01 par value common stock. The Company also has 100,000 shares of Series A participating preferred stock, $0.01 par value, authorized, of which none has been issued.

On December 30, 2016 (the “Closing Date”), the Company issued 202,703 shares of common stock valued at   $975,002 to Tuxis in conjunction with the Tuxis Subsidiaries acquisition. The common stock issued is unregistered and therefore subject to certain restrictions. The Company and Tuxis have entered into a Registration Rights Agreement, which permits Tuxis to request the registration of the Company’s unregistered common stock.