15. Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2019

Equity [Abstract]

Warrant activity

The following table reflects all outstanding and exercisable warrants on September 30, 2019, and December 31, 2018:

	Number of Warrants Outstanding (a)		Weighted Average Exercise Price		Average Remaining Contractual Life (Years)
Warrants outstanding, January 1, 2018		–	$	–		–
Warrants issued		350,000		0.57		3.00
Warrants exercised		–		–		–
Warrant forfeited		–		–		–
Warrants outstanding, December 31, 2018		350,000	$	0.57		2.88
Warrants issued (a)		1,352,750	$	0.99		3.47
Warrants outstanding September 30, 2019		1,702,750	$	0.92		3.19

Assumptions used

The value of the stock purchase warrants for the periods ended September 30, 2019, and December 31, 2018, was determined using the following Black-Scholes methodology:

Expected dividend yield (1)	0.00%
Risk-free interest rate range (2)	1.75 - 2.91%
Volatility range (3)	1.23% - 442.92%
Expected life (in years)	2.00 - 5.00

(1)	The Company has no history or expectation of paying cash dividends on its Common Stock.
(2)	The risk-free interest rate is based on the U.S. Treasury yield for a term consistent with the expected life of the awards in effect at the time of grant.
(3)	The volatility of the Company’s Common Stock is based on trading activity for the previous three year period ended at each stock purchase warrant contract date.