Mopals.com (PALS) 10-Q 23 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 23, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	MOPALS.COM, INC.
Entity Central Index Key	1,222,218
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Entity Current Reporting Status	No
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		52,200,700

Condensed Interim Consolidated

Condensed Interim Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Cash	$ 6,079	$ 6,079
Prepaid & Other Assets (Note 4)	294,591	295,253
Total Current Assets	300,670	301,332
Equipment, net (Note 5)	13,997	16,768
Total Assets	314,667	318,100
LIABILITIES AND STOCKHOLDERS' DEFICIT
Accounts Payable & Accrued Liabilities	256,502	231,726
Employee Tax Deductions Payable	1,009,252	832,831
MoCoins Liability	33,394	2,644
Share Based Accrual	14,924	14,924
Loans from Shareholder (Note 6)	1,822,117	1,429,055
Total Liabilities	$ 3,136,189	$ 2,511,180
Commitments and Contingencies (Note 7)
Capital Stock; par value $0.0001 (Note 8)	$ 5,220	$ 5,220
Additional Paid In Capital	3,557,387	3,469,078
Deficit	(6,688,605)	(6,147,574)
Foreign Currency Translation	304,476	480,196
Total Stockholders' Deficit	(2,821,522)	(2,193,080)
Total Liabilities and Stockholders' Deficit	$ 314,667	$ 318,100

Condensed Interim Consolidated3

Condensed Interim Consolidated Balance Sheets (Parenthetical) (Unaudited) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
Balance Sheets [Abstract]
Capital stock, par value	$ 0.0001	$ 0.0001

Condensed Interim Consolidated4

Condensed Interim Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
EXPENSES
Salaries, Consultants & Contractors	$ 337,601	$ 291,421
General & Administrative Expenses	74,511	110,459
Occupancy Costs	27,601	33,362
Share Based Compensation (Note 9)	97,658	98,927
Depreciation	3,660	3,821
Total Operating Expense & Loss before Income Taxes	541,031	537,990
Net loss	(541,031)	(537,990)
Foreign Currency Translation Adjustment, Net of Taxes	(175,720)	(135,097)
Other Comprehensive Income	(175,720)	(135,097)
Total Comprehensive Loss	$ (365,311)	$ (402,893)
Basic and diluted:
Net (Loss) per common share	$ (0.01)	$ (0.01)
Weighted Average Number of Shares Outstanding - Basic and diluted during the period	52,200,700	45,804,884

Condensed Interim Consolidated5

Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash Flows used in Operating Activities
Net (Loss)	$ (541,031)	$ (537,990)
Adjustments to reconcile net (loss) income to net cash from operating activities:
Depreciation	3,660	3,821
Stock-based compensation expense	97,658	98,927
Increase (Decrease) in net assets:
(Decrease) in Prepaids & Other Assets	(9,853)	(1,675)
Increase (Decrease) in MoCoinsTM liability	28,897	(158)
Increase (Decrease) in Accounts Payable & Accrued Liabilities and Employee Tax Deductions Payable	128,246	(3,612)
Net Cash Flows used in Operating Activities	$ (301,771)	(440,687)
Cash Flows from Financing Activities
Shares to be issued		70
Additional Paid In Capital (Cash portion)		204,397
Increase in Shareholder's Loan	$ 282,064	120,840
Net Cash Flows from Financing Activities	$ 282,064	325,307
Cash Flows used in Investing Activities
Purchases of Capital Equipment		(1,129)
Net Cash Flows used in Investing Activities		(1,129)
Net Cash Flows	$ (19,707)	(116,509)
Effects of Exchange Rate on Cash	19,707	38,737
Cash - Beginning of Period	6,079	143,482
Cash - End of Period	$ 6,079	$ 65,710
Supplemental Cash Flow Information
Interest Paid
Income Taxes Paid

Condensed Interim Consolidated6

Condensed Interim Consolidated Statement of Stockholders' Equity Deficit (Unaudited) - 3 months ended Mar. 31, 2016 - USD ($)	Total	Common Stock	Additional Paid in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income
Beginning Balance at Dec. 31, 2015	$ (2,193,080)	$ 5,220	$ 3,469,078	$ (6,147,574)	$ 480,196
Beginning Balance, Shares at Dec. 31, 2015		52,200,700
Shares granted to employees (Note 9)	$ 88,309		$ 88,309
Shares granted to employees, Shares (Note 9)
Issuance of director stock options
Foreign currency translation	$ (175,720)				$ (175,720)
Net Loss	(541,031)			$ (541,031)
Ending Balance at Mar. 31, 2016	$ (2,821,522)	$ 5,220	$ 3,557,387	$ (6,688,605)	$ 304,476
Ending Balance, Shares at Mar. 31, 2016		52,200,700

Nature of Operations and Organi

Nature of Operations and Organization	3 Months Ended
	Mar. 31, 2016
Nature of Operations and Organization [Abstract]
NATURE OF OPERATIONS AND ORGANIZATION	1. NATURE OF OPERATIONS AND ORGANIZATION Mopals.com, Inc. ("Mopals" or the “Company”) was incorporated August 7, 2012 and was organized under the laws of the State of Nevada. Mopals’ operations are presently conducted through the Company’s wholly owned subsidiary, Mopals Canada Inc. (an Ontario, Canada company). The planned operations of the Company consist of becoming a social media rewards platform in Canada and the United States. The Company is currently conducting development activities to operationalize certain technology that the Company has developed so it can attract users to its platform. The Company also is in the process of raising additional equity capital to support the completion of its development activities to begin the launch of its application. The Company’s activities are subject to significant risks and uncertainties, including failing to secure additional funding to operationalize the Company’s current technology before another company develops similar technology and applications.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2016
Basis of Presentation [Abstract]
BASIS OF PRESENTATION	2. BASIS OF PRESENTATION These unaudited condensed interim consolidated financial statements should be read in conjunction with the annual financial statements for Mopals.com, Inc. for the most recently completed fiscal year ended December 31, 2015. These unaudited condensed interim consolidated financial statements do not include all disclosures required in annual financial statements, but rather are prepared in accordance with recommendations for interim financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). These unaudited condensed interim consolidated financial statements have been prepared using the same accounting policies and methods as those used by the Company in the annual consolidated financial statements for the year ended December 31, 2015, except when disclosed below. The unaudited condensed interim consolidated financial statements contain all adjustments (consisting of only normal recurring adjustments) which are necessary to present fairly the financial position of the Company as at March 31, 2016, and the results of its operations for the three month periods ended March 31, 2016 and 2015 and its cash flows for the three month periods ended March 31, 2016 and 2015. Note disclosures have been presented for material updates to the information previously reported in the annual consolidated financial statements. a) Estimates The preparation of these consolidated financial statements has required management to make estimates and assumptions that affect the amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of the revenues and expenses during the reporting period. On an ongoing basis, the Company evaluates its estimates, including those related to accrued liabilities, income taxes and stock based compensation. The Company bases its estimates on historical experiences and on various other assumptions believed to be reasonable under the circumstances. Actual results could differ from those estimates. As adjustments become necessary, they are reported in earnings in the period in which they become known.

Going Concern

Going Concern	3 Months Ended
	Mar. 31, 2016
Going Concern [Abstract]
GOING CONCERN	3. GOING CONCERN These financial statements have been prepared assuming the Company will continue on a going-concern basis. The Company is in the development stage and has not yet realized profitable operations and has relied on non-operational sources to fund operations. The Company has suffered recurring losses and additional future losses are anticipated as the Company has not yet been able to generate revenue. The Company has incurred losses since inception and the ability of the Company to continue as a going-concern depends upon its ability to develop profitable operations and to continue to raise adequate financing. Accumulated losses from inception to March 31, 2016 total $6,688,605 and the Company had a working capital deficiency of $2,835,519 as at March 31, 2016. In order for the Company to meet its liabilities as they come due and to continue its operations, the Company is solely dependent upon its ability to generate such financing. The Company will continue to seek additional forms of debt or equity financing, but it cannot provide assurances that it will be successful in doing so. These circumstances raise substantial doubt as to the ability of the Company to meet its obligations as they come due and accordingly, the appropriateness of the use of accounting principles applicable to a going concern. The accompanying condensed consolidated interim financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Such adjustments could be material.

Prepaid and Other Assets

Prepaid and Other Assets	3 Months Ended
	Mar. 31, 2016
Prepaid and Other Assets [Abstract]
PREPAID AND OTHER ASSETS	4. PREPAID AND OTHER ASSETS March 31, December 31, 2015 2015 Prepaid Assets $ 145,521 $ 158,894 Harmonized Sales Tax 149,070 136,359 Total $ 294,591 $ 295,253 The Harmonized Sales Tax (“HST”) is a federal - provincial harmonized sales tax that applies to the supply of most property and services in Canada. Generally, HST registrants must charge and account for the HST on taxable supplies of property and services made in Canada. The HST rate in Ontario is 13%. Registrants collect the HST on most of their sales and pay HST on most purchases they make to operate their business. They can claim an input tax credit, to recover the HST paid or payable on the purchases they use in their commercial activities.

Equipment

Equipment	3 Months Ended
	Mar. 31, 2016
Equipment [Abstract]
EQUIPMENT	5. EQUIPMENT The net book value of equipment as of March 31, 2016 was as follows: Cost Amortization NBV Computer Hardware $ 21,577 $ 14,735 $ 6,842 Computer Software 24,923 20,983 3,940 Furniture & Equipment 7,700 4,485 3,215 Total $ 54,200 $ 40,203 $ 13,997 The net book value of property, plant & equipment as of December 31, 2015 was as follows: Cost Amortization NBV Computer hardware $ 20,247 $ 12,308 $ 7,939 Computer Software 23,387 17,936 5,451 Furniture & Equipment 7,225 3,847 3,378 Total $ 50,859 $ 34,091 $ 16,768 Depreciation expense for the three months ending March 31, 2016 and 2015 was $3,660 and $3,821, respectively.

Loans from Shareholder

Loans from Shareholder	3 Months Ended
	Mar. 31, 2016
Loans from Shareholder [Abstract]
LOANS FROM SHAREHOLDER	6. LOANS FROM SHAREHOLDER As of March 31, 2016, the controlling shareholder and Chief Executive Officer of the Company had advanced $1,822,117 (December 31, 2015 - $1,429,055) to fund the working capital of the Company. The advances are unsecured, non-interest bearing and due on demand.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments & Contingencies [Abstract]
COMMITMENTS & CONTINGENCIES	7. COMMITMENTS & CONTINGENCIES On February 10, 2014, the Company entered into a lease agreement for office space. The schedule below outlines the expected remaining lease payments over the life of the lease. 2016 99,660 2017 139,542 2018 47,466 In the normal course of business, the Company becomes involved in various legal actions seeking compensatory and occasionally punitive damages, including actions brought on behalf of various purported classes of claimants and claims relating to employee and third-parties.

Capital Stock

Capital Stock	3 Months Ended
	Mar. 31, 2016
Capital Stock [Abstract]
CAPITAL STOCK	8. CAPITAL STOCK a) Authorized 100,000,000 Common Shares with a par value of $0.0001.

Stock-based Compensation

Stock-based Compensation	3 Months Ended
	Mar. 31, 2016
Stock-based Compensation [Abstract]
STOCK-BASED COMPENSATION	9. STOCK-BASED COMPENSATION The Company’s Stock Option Plan is currently being established in order to enable the Company to attract and retain the services of highly qualified and experienced directors, officers, employees and consultants, and to give such persons an interest in the success of the Company and its subsidiaries. The options and awards will be granted at the discretion of the Board of Directors. The fair value of each option granted is estimated at the time of grant using the Black-Scholes option pricing model. During the year ended December 31, 2015, the Company agreed to grant 2,109,000 common shares to certain employees. Of these common shares, 675,000 vest over 12 months, 750,000 vest over 18 months and the remaining 684,000 vested immediately. These shares were valued at $527,250 based on the current stock price at the date of grant of $0.25 and an estimate forfeiture rate of 56%, of which $385,756 was recorded at March 31, 2016 (December 31, 2015 - $214,947) as additional paid in capital and recorded as stock based compensation on the condensed consolidated interim statements of operations. During the year ended December 31, 2015, 50,000 common shares were issued in accordance with an employment agreement and valued at $12,500. As at March 31, 2016, the Company had 1,194,000 (December 31, 2015 - 704,000) vested share grants. As at March 31, 2016, the number of unvested share grants expected to vest (including the impact of expected forfeitures) was estimated at 1,425,000 (December 31, 2015 – 1,425,000). As at March 31, 2016, the total fair value of future expense to be recorded in subsequent periods (assuming no forfeiture occurs) is $268,994 (December 31, 2015 - $254,802). The weighted average time remaining for these share grants to vest is 0.85 years (December 31, 2015 – 0.86 years). The following table summarizes the stock option activities of the Company: Number of Options Weighted Average Exercise Price Balance, December 31, 2014 3,050,000 $ 0.36 Exercised (600,000 ) 0.30 Options Forfeited (1,300,000 ) 0.35 Balance, December 31, 2015 and March 31, 2016 1,150,000 $ 0.41 The Company’s computation of expected volatility for the periods ended March 31, 2016 is based on the Company’s market close price over the period equal to the expected life of the options. The Company’s computation of expected life reflects actual historical exercise activity and assumptions regarding future exercise activity of unexercised, outstanding options. The Company’s expected dividend yield is 0%, since there is no history of paying dividends and there are no plans to pay dividends. The Company’s risk-free interest rate is the Canadian Treasury Bond rate for the period equal to the expected term. The total number of options outstanding as at March 31, 2016 was 1,150,000 (December 31, 2015 – 1,150,000). As at March 31, 2016, the Company had 1,150,000 (December 31, 2015 – 1,150,000) vested options. As at March 31, 2016, the number of unvested options expected to vest (including the impact of expected forfeitures) had been estimated at nil (December 31, 2015 – nil) with a weighted average contractual life of n/a years (2015 – n/a years) and exercise price of $n/a (2015 - $n/a). The Company recognizes compensation expense for the fair values of stock options using the graded vesting method over the requisite service period for the entire award. The following table presents information relating to stock options outstanding and exercisable at March 31, 2016. Options Outstanding Options Exercisable Number Weighted Average Remaining Contractual Weighted Average Exercise Price Number Weighted Average Exercise Price Weighted Average Remaining Contractual 900,000 0.39 $ 0.25 900,000 $ 0.25 0.39 250,000 2.07 1.00 250,000 1.00 2.07 1,150,000 0.76 $ 0.41 1,150,000 $ 0.41 0.76 The Company recorded $97,658 for share-based compensation expense for the three month period ending March 31, 2016 (2015 - $98,927).

Loss Per Share

Loss Per Share	3 Months Ended
	Mar. 31, 2016
Loss Per Share [Abstract]
LOSS PER SHARE	10. LOSS PER SHARE The Company calculates basic loss per common share using net loss divided by the weighted-average number of common shares outstanding. The Company calculates diluted earnings per common share in the same manner as basic, except we use the weighted-average number of diluted common shares outstanding in the denominator, when the stock options and warrants are not anti-dilutive. Three Months ended March 31, 2016 Three months ended Weighted average number of common shares outstanding 52,200,700 45,804,884 Weighted-average number of diluted common shares outstanding 52,200,700 45,804,884

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2016
Income Taxes [Abstract]
INCOME TAXES	11. INCOME TAXES The Company accounts for income taxes in accordance with ASC 740-20. ASC 740-20 prescribes the use of the liability method whereby deferred tax asset and liability account balances are determined based on differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates. The effects of future changes in tax laws or rates are not anticipated. Under ASC 740-20 income taxes are recognized for the following: a) amount of tax payable for the current year, and b) deferred tax liabilities and assets for future tax consequences of events that have been recognized differently in the financial statements than for tax purposes. As of March 31, 2016, the Company did not have any amounts recorded pertaining to uncertain tax positions. Deferred taxes as at March 31, 2016 and December 31, 2015 have not been recorded due to the fact that they are fully reserved. All tax years remain open to examination by the Internal Revenue Service and the Canada Revenue Agency.

Prepaid and Other Assets (Table

Prepaid and Other Assets (Tables)	3 Months Ended
	Mar. 31, 2016
Prepaid and Other Assets [Abstract]
Schedule of prepaid and other assets	March 31, December 31, 2015 2015 Prepaid Assets $ 145,521 $ 158,894 Harmonized Sales Tax 149,070 136,359 Total $ 294,591 $ 295,253

Equipment (Tables)

Equipment (Tables)	3 Months Ended
	Mar. 31, 2016
Equipment [Abstract]
Summary of net book value of equipment	The net book value of equipment as of March 31, 2016 was as follows: Cost Amortization NBV Computer Hardware $ 21,577 $ 14,735 $ 6,842 Computer Software 24,923 20,983 3,940 Furniture & Equipment 7,700 4,485 3,215 Total $ 54,200 $ 40,203 $ 13,997 The net book value of property, plant & equipment as of December 31, 2015 was as follows: Cost Amortization NBV Computer hardware $ 20,247 $ 12,308 $ 7,939 Computer Software 23,387 17,936 5,451 Furniture & Equipment 7,225 3,847 3,378 Total $ 50,859 $ 34,091 $ 16,768

Commitments & Contingencies (Ta

Commitments & Contingencies (Tables)	3 Months Ended
	Mar. 31, 2016
Commitments & Contingencies [Abstract]
Schedule of expected remaining lease payments	2016 99,660 2017 139,542 2018 47,466

Stock-based Compensation (Table

Stock-based Compensation (Tables)	3 Months Ended
	Mar. 31, 2016
Stock-based Compensation [Abstract]
Schedule of share-based compensation stock option activity	Number of Options Weighted Average Exercise Price Balance, December 31, 2014 3,050,000 0.36 Exercised (600,000 ) 0.30 Options Forfeited (1,300,000 ) 0.35 Balance, December 31, 2015 and March 31, 2016 1,150,000 0.41
Schedule of share-based compensation stock option outstanding and exercisable	Options Outstanding Options Exercisable Number Weighted Average Remaining Contractual Weighted Average Exercise Price Number Weighted Average Exercise Price Weighted Average Remaining Contractual 900,000 0.39 $ 0.25 900,000 $ 0.25 0.39 250,000 2.07 1.00 250,000 1.00 2.07 1,150,000 0.76 $ 0.41 1,150,000 $ 0.41 0.76

Loss Per Share (Tables)

Loss Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Loss Per Share [Abstract]
Schedule of calculation of numerator and denominator in earnings per share	Three Months ended March 31, 2016 Three months ended Weighted average number of common shares outstanding 52,200,700 45,804,884 Weighted-average number of diluted common shares outstanding 52,200,700 45,804,884

Going Concern (Details)

Going Concern (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Going Concern (Textual)
Accumulated deficit	$ 6,688,605	$ 6,147,574
Working capital deficiency	$ 2,835,519

Prepaid and Other Assets (Detai

Prepaid and Other Assets (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Prepaid and Other Assets [Abstract]
Prepaid Assets	$ 145,521	$ 158,894
Harmonized Sales Tax	149,070	136,359
Total	$ 294,591	$ 295,253

Prepaid and Other Assets (Det25

Prepaid and Other Assets (Details Textual)	12 Months Ended
	Dec. 31, 2015
Prepaid and Other Asset (Textual)
Percentage harmonized sales tax	13.00%

Equipment (Details)

Equipment (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Net book value of property, plant & equipment
Cost	$ 54,200	$ 50,859
Amortization	40,203	34,091
NBV	13,997	16,768
Computer Hardware [Member]
Net book value of property, plant & equipment
Cost	21,577	20,247
Amortization	14,735	12,308
NBV	6,842	7,939
Computer Software [Member]
Net book value of property, plant & equipment
Cost	24,923	23,387
Amortization	20,983	17,936
NBV	3,940	5,451
Furniture & Equipment [Member]
Net book value of property, plant & equipment
Cost	7,700	7,225
Amortization	4,485	3,847
NBV	$ 3,215	$ 3,378

Equipment (Details Textual)

Equipment (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Equipment (Textual)
Depreciation expense	$ 3,660	$ 3,821

Loans from Shareholder (Details

Loans from Shareholder (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Loans from Shareholder (Textual)
Due from officers	$ 1,822,117	$ 1,429,055

Commitments & Contingencies (De

Commitments & Contingencies (Details)	Mar. 31, 2016USD ($)
Schedule of expected remaining lease payments over the life of lease
2,016	$ 99,660
2,017	139,542
2,018	$ 47,466

Capital Stock (Details)

Capital Stock (Details) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
Capital Stock (Textual)
Common shares, authorized	100,000,000
Common stock, par value	$ 0.0001	$ 0.0001

Stock-based Compensation (Detai

Stock-based Compensation (Details)	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options beginning balance	1,150,000
Number of options ending balance	1,150,000
Weighted average exercise price ending balance | $ / shares	$ 0.41
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options beginning balance	3,050,000
Exercised	(600,000)
Options Forfeited	(1,300,000)
Number of options ending balance	1,150,000
Weighted average exercise price beginning balance | $ / shares	$ 0.36
Exercised | $ / shares	0.30
Options Forfeited | $ / shares	0.35
Weighted average exercise price ending balance | $ / shares	$ 0.41

Stock-based Compensation (Det32

Stock-based Compensation (Details 1) - $ / shares	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of options outstanding	1,150,000	1,150,000
Weighted average remaining contractual term, Options outstanding	9 months 4 days
Weighted average exercise price, Options outstanding	$ 0.41
Number of options exercisable	1,150,000
Weighted average remaining contractual term, Options exercisable	9 months 4 days
Weighted average exercise price, Options exercisable	$ 0.41
Exercise Price 0.25 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of options outstanding	900,000
Weighted average remaining contractual term, Options outstanding	4 months 21 days
Weighted average exercise price, Options outstanding	$ 0.25
Number of options exercisable	900,000
Weighted average remaining contractual term, Options exercisable	4 months 21 days
Weighted average exercise price, Options exercisable	$ 0.25
Exercise Price 1.00 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of options outstanding	250,000
Weighted average remaining contractual term, Options outstanding	2 years 26 days
Weighted average exercise price, Options outstanding	$ 1
Number of options exercisable	250,000
Weighted average remaining contractual term, Options exercisable	2 years 26 days
Weighted average exercise price, Options exercisable	$ 1

Stock-based Compensation (Det33

Stock-based Compensation (Details Textual) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Stock-based Compensation (Textual)
Shares granted to employees		2,109,000
Shares granted to employees, value		$ 527,250
Shares granted to employees, stock price		$ 0.25
Shares granted to employees, forfeiture rate		56.00%
Option vested	1,194,000	704,000
Stock-based compensation expense	$ 385,756	$ 214,947
Shares issued		50,000
Shares issued, value		$ 12,500
Number of unvested options expected to vest	1,425,000	1,425,000
Weighted average options remaining contractual term	9 months 4 days
Number of options outstanding	1,150,000	1,150,000
Stock Option [Member]
Stock-based Compensation (Textual)
Option vested	1,150,000	1,150,000
Stock-based compensation expense	$ 97,658	$ 98,927
Number of unvested options expected to vest
Fair value of future expense	$ 268,994	$ 254,802
Weighted average options remaining contractual term	10 months 6 days	10 months 10 days
Expected dividend yield	0.00%
Number of options outstanding	1,150,000	3,050,000
Vest immediately [Member]
Stock-based Compensation (Textual)
Option vested		684,000
Vest over 12 months [Member]
Stock-based Compensation (Textual)
Shares granted to employees, vesting period		12 months
Option vested		675,000
Vest over 18 months [Member]
Stock-based Compensation (Textual)
Shares granted to employees, vesting period		18 months
Option vested		750,000

Loss Per Share (Details)

Loss Per Share (Details) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Loss Per Share [Abstract]
Weighted average number of common shares outstanding	52,200,700	45,804,884
Weighted-average number of diluted common shares outstanding	52,200,700	45,804,884