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14 WARRANTS
12 Months Ended
Dec. 31, 2016
Temporary Equity Disclosure [Abstract]  
WARRANTS

Below is a table summarizing the Company's outstanding warrants for the year ended December 31, 2016:

 

    Number of Shares   Weighted Avg. Exercise Price   Weighted Avg. Remaining Term   Intrinsic Value
Outstanding at December 31, 2015     2,777,777       1.80       4.41     $ 13,333,330  
Granted     1,000,000       6.00       -       -  
Exercised     1,111,111       1.80       -       -  
Outstanding at December 31, 2016     2,666,666       1.80       3.90     $ 15,444,440  

 

For the year ended December 31, 2016 and December 31, 2015, the Company incurred no warrants based expense.