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Capital Stock
12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Capital Stock

11. CAPITAL STOCK

As of December 31, 2017, the Company was authorized to issue 450,000,000 shares of $0.01 par value common stock of which 7,619,469 had been issued and was outstanding. The Company was also authorized to issue 50,000,000 shares of preferred stock, $0.01 par value, authorized, of which none has been issued. Prior to October 16, 2017, the Company was authorized to issue 19,900,000 shares of $0.01 par value common stock and 100,000 shares of Series A participating preferred stock, $0.01 par value.

On December 30, 2016 , 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.