Related Party Transactions	12 Months Ended
Dec. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	Note 6. Related Party Transactions During the years ended December 31, 2017 and 2016, the Company issued 41,250 and 46,667 stock options to the CEO, COO and members of the Board of Directors to purchase shares of common stock at a weighted average purchase price of $4.42 and $3.44, respectively. All options are exercisable within seven years of grant date. During the years ended December 31, 2017 and 2016, related parties redeemed 67,500 and 187,500 previously awarded options reaching expiration, respectively. These redemptions resulted in $160,050 and $341,838 in additional compensation expense in 2017 and 2016, respectively, of which $153,750 and $293,188 were related to redemptions by the Company’s CEO and COO, respectively. On July 1, 2016, 25,000 shares of the Series A Preferred shares were issued to Robert Ferris, the Company’s Chief Executive Officer and a director and he paid $2,500 for these shares. Effective on September 16, 2016, these same 25,000 shares of the Series A Preferred shares were automatically redeemed from Mr. Ferris by the Company for $2,500 and cancelled. Mr. Saltz who is a member of our Board of Directors is also Chairman of the Board of Directors of Modern Round Entertainment Company, as well as, a majority stockholder of MREC. The Company has entered into a Co-venture Agreement with MREC as disclosed in Note 5. In addition, the Company owns 3,353,495 shares of MREC common stock representing approximately 8.9% of the issued and outstanding shares of MREC common stock. The Company recognized $289,947 and $90,047 for license fees (royalties) for the year ended December 31, 2017 and 2016, pursuant to the terms of the Co-Venture Agreement.

Related Party Transactions

12 Months Ended

Dec. 31, 2017

Note 6. Related Party Transactions

During the years ended December 31, 2017 and 2016, the Company issued 41,250 and 46,667 stock options to the CEO, COO and members of the Board of Directors to purchase shares of common stock at a weighted average purchase price of $4.42 and $3.44, respectively. All options are exercisable within seven years of grant date.

During the years ended December 31, 2017 and 2016, related parties redeemed 67,500 and 187,500 previously awarded options reaching expiration, respectively. These redemptions resulted in $160,050 and $341,838 in additional compensation expense in 2017 and 2016, respectively, of which $153,750 and $293,188 were related to redemptions by the Company’s CEO and COO, respectively.

On July 1, 2016, 25,000 shares of the Series A Preferred shares were issued to Robert Ferris, the Company’s Chief Executive Officer and a director and he paid $2,500 for these shares. Effective on September 16, 2016, these same 25,000 shares of the Series A Preferred shares were automatically redeemed from Mr. Ferris by the Company for $2,500 and cancelled.

Mr. Saltz who is a member of our Board of Directors is also Chairman of the Board of Directors of Modern Round Entertainment Company, as well as, a majority stockholder of MREC. The Company has entered into a Co-venture Agreement with MREC as disclosed in Note 5. In addition, the Company owns 3,353,495 shares of MREC common stock representing approximately 8.9% of the issued and outstanding shares of MREC common stock. The Company recognized $289,947 and $90,047 for license fees (royalties) for the year ended December 31, 2017 and 2016, pursuant to the terms of the Co-Venture Agreement.