Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v3.8.0.1
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions [Table Text Block]
The fair value associated with the market award vesting was determined utilizing a binomial valuation methodology and the following assumptions:
 
 
 
December 31, 2017
 
Risk-free interest rate
 
 
1.81% - 2.38
%
Exercise Price
 
$
5.73
 
Expected term in years
 
 
5.5 - 10.0
 
Expected volatility
 
 
77.30% - 96.65
%
Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table summarizes stock option activities for the year ended December 31, 2017:
 
 
 
Stock Options
 
Weighted Average
Exercise Price
 
Weighted Average
Remaining
Contractual Life (in
years)
 
Nonvested at December 31, 2016
 
 
-
 
$
-
 
 
-
 
Options granted
 
 
1,241,675
 
 
5.73
 
 
9.31
 
Options outstanding
 
 
1,241,675
 
 
5.73
 
 
9.31
 
Options vested and exercisable at December 31, 2017
 
 
-
 
$
-
 
 
-
 
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
A summary of warrant activities for years ended December 31, 2017 is presented below:
 
 
 
Warrants
 
Weighted Average
Exercise Price
 
Weighted Average
Remaining
Contractual Life (in
years)
 
Outstanding as of December 31, 2016
 
 
2,243,664
 
$
7.98
 
 
5.16
 
Granted
 
 
3,013,770
 
 
8.50
 
 
4.09
 
Exercised
 
 
(4,116)
 
 
-
 
 
-
 
Outstanding as of December 31, 2017
 
 
5,253,318
 
$
8.28
 
 
3.89
 
Restricted Stock [Member]  
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]
The following table summarizes restricted stock award activities for the year ended December 31, 2017:
 
 
 
Number of Shares
 
Weighted Average
Grant Date Fair
Value
 
Nonvested at December 31, 2016
 
 
-
 
$
-
 
Granted
 
 
180,000
 
 
5.73
 
Nonvested at December 31, 2017
 
 
180,000
 
$
5.73
 
Restricted Stock Units (RSUs) [Member]  
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]
The following table summarizes restricted stock units activities for the year ended December 31, 2017:
  
 
 
Number of Units
 
Weighted Average
Grant Date Fair
Value
 
Nonvested at December 31, 2016
 
 
-
 
$
-
 
Granted
 
 
134,000
 
 
6.53
 
Nonvested at December 31, 2017
 
 
134,000
 
$
6.53