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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2018
Stockholders Equity Deficit Tables [Abstract]  
Summary of Stock Option Activity

A summary of the Company’s stock option activity for the three-months ended March 31, 2018 is presented below:

 

 

 

No. of

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Term

 

 

Aggregate

Intrinsic

Value

 

Balance outstanding at December 31, 2017

 

 

1,302,052

 

 

$

0.20

 

 

 

3.3

 

 

$

1,717,000

 

Granted

 

 

1,210,000

 

 

 

1.21

 

 

 

9.9

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Expired

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Balance outstanding at March 31, 2018

 

 

2,512,052

 

 

$

0.86

 

 

 

7.5

 

 

$

1,067,000

 

Exercisable at March 31, 2018

 

 

1,312,052

 

 

$

0.20

 

 

 

3.1

 

 

$

1,067,000

 

 

Summary of Restricted Common Stock Activity

The following table summarizes restricted common stock activity:

 

 

Number of

Shares

 

 

Fair Value

 

 

Weighted Average Grant Date Fair Value

 

Non-vested, December 31, 2017

 

3,267,500

 

 

$

1,813,500

 

 

$

0.56

 

Granted

 

-

 

 

 

-

 

 

 

-

 

Vested

 

-

 

 

 

-

 

 

 

-

 

Forfeited

 

-

 

 

 

-

 

 

 

-

 

Non-vested, March 31, 2018

 

3,267,500

 

 

$

1,813,500

 

 

$

0.56