Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.8.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Schedule of Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes the liabilities measured at fair value on a recurring basis at December 31, 2017 and December 31, 2016:

 

    For the year ended  
    2017     2016  
Fair value of warrant liability    $ 1,794,396      $ -

Schedule of Fair Value of Warrant Liabilities

FV of warrant liabilities

 

    Fair value  
Outstanding as of December 31, 2016   $ -  
Issued     2,600,930  
Equity warrant purchase     (1,118,660 )
Exercised     (13,280 )
Exchanged to Series E     (21,525,410 )
Change to equity     (4,907 )
Change in fair value of warrants     21,855,723  
Outstanding as of December 31, 2017   $ 1,794,396

Schedule of Computation of Basic and Diluted Loss Per Share

The following table sets forth the computation of basic and diluted loss per share on a GAAP basis:

 

    For the year ended  
    2017     2016  
Net loss attributable to common shareholders   $ (31,333,569 )   $ (28,665,024 )
                 
Denominator:                
Weighted average common shares - Basic and Diluted     6,522,649       3,794,514  
                 
Loss per common share:   $ (4.80 )   $ (7.55 )