usell.com (PXHI) 10-Q 16 May 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 16, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Entity Registrant Name	usell.com, Inc.
Entity Central Index Key	1,271,075
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	USEL
Entity Common Stock, Shares Outstanding		20,112,999

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Current Assets:
Cash and cash equivalents	$ 523,989	$ 1,047,786
Restricted cash	1,075,308	801,230
Accounts receivable, net	317,406	463,187
Inventory	7,773,085	7,099,970
Prepaid expenses and other current assets	180,139	297,023
Total Current Assets	9,869,927	9,709,196
Property and equipment, net	180,480	193,243
Goodwill	8,448,759	8,406,561
Intangible assets, net	4,686,930	5,043,972
Capitalized technology, net	881,555	886,543
Other assets	52,580	79,145
Total Assets	24,120,231	24,318,660
Current Liabilities:
Accounts payable	1,966,570	2,563,598
Accrued expenses	769,303	729,160
Deferred revenue	361,353	814,295
Lease termination payable	0	5,000
Total Current Liabilities	3,097,226	4,112,053
Promissory note payable, net of current portion	6,739,291	5,087,043
Placement rights derivative liability	1,855,000	1,130,000
Total Liabilities	11,691,517	10,329,096
Stockholders' Equity:
Common stock; $0.0001 par value; 43,333,333 shares authorized; 20,101,999 and 19,751,999 shares issued and outstanding, respectively	2,011	1,976
Additional paid in capital	69,192,277	68,662,578
Accumulated deficit	(56,765,574)	(54,674,990)
Total Stockholders' Equity	12,428,714	13,989,564
Total Liabilities and Stockholders' Equity	24,120,231	24,318,660
Series A Convertible Preferred Stock [Member]
Stockholders' Equity:
Convertible preferred stock	0	0
Series B Convertible Preferred Stock [Member]
Stockholders' Equity:
Convertible preferred stock	0	0
Series C Convertible Preferred Stock [Member]
Stockholders' Equity:
Convertible preferred stock	0	0
Series E Convertible Preferred Stock [Member]
Stockholders' Equity:
Convertible preferred stock	$ 0	$ 0

Consolidated Balance Sheets _Pa

Consolidated Balance Sheets [Parenthetical] - $ / shares	Mar. 31, 2016	Dec. 31, 2015
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	43,333,333	43,333,333
Common stock, shares issued	20,101,999	19,751,999
Common stock, shares outstanding	20,101,999	19,751,999
Series A Convertible Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	325,000	325,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series B Convertible Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	4,000,000	4,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series C Convertible Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	146,667	146,667
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series E Convertible Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	103,232	103,232
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenue	$ 22,452,148	$ 2,142,983
Cost of Revenue	21,547,751	1,442,519
Gross Profit	904,397	700,464
Operating Expenses:
Sales and marketing	377,095	1,006,023
General and administrative	1,535,835	1,164,083
Total operating expenses	1,912,930	2,170,106
Loss from Operations	(1,008,533)	(1,469,642)
Other (Expense) Income:
Interest income	0	532
Interest expense	(357,051)	(817)
Change in fair value of placement rights derivative liability	(725,000)	0
Total Other Expense, Net	(1,082,051)	(285)
Net Loss	$ (2,090,584)	$ (1,469,927)
Basic and Diluted Loss per Common Share:
Net loss per common share - basic and diluted	$ (0.11)	$ (0.20)
Weighted average number of common shares outstanding during the period - basic and diluted	19,751,999	7,533,817

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (2,090,584)	$ (1,469,927)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:
Depreciation and amortization	511,294	163,035
Stock based compensation expense	127,234	246,541
Amortization of debt issue costs into interest expense	85,850	0
Change in fair value of placement rights derivative liability	725,000	0
Changes in operating assets and liabilities:
Accounts receivable	145,781	(1,335)
Inventory	(715,313)	(158,200)
Prepaid and other current assets	116,884	7,911
Other assets	690	0
Accounts payable	(597,028)	(281,041)
Accrued expenses	40,143	352,752
Lease termination payable	(5,000)
Deferred revenues	(452,942)	26,079
Net Cash and Cash Equivalents Used In Operating Activities	(2,107,991)	(1,114,185)
CASH FLOWS FROM INVESTING ACTIVITIES:
Website development costs	(136,501)	(170,742)
Restricted cash	(274,078)	0
Security deposits	25,875	0
Net Cash and Cash Equivalents Used In Investing Activities	(384,704)	(170,742)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from note payable	2,000,000	0
Cash paid for debt issue costs	(31,102)	0
Net Cash and Cash Equivalents Provided By Financing Activities	1,968,898	0
Net Decrease in Cash and Cash Equivalents	(523,797)	(1,284,927)
Cash and Cash Equivalents - Beginning of Period	1,047,786	2,414,757
Cash and Cash Equivalents - End of Period	523,989	1,129,830
Cash Paid During the Period for:
Interest	201,792	0
Taxes	0	0
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Adjustment to goodwill for inventory valuation	42,198	0
Common stock issued in connection with note payable	$ 402,500	$ 0

Organization and Business

Organization and Business	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1 - Organization and Business uSell.com, Inc., through its wholly-owned subsidiaries (collectively, “uSell,” or the “Company”), is a technology driven company focused on extracting the maximum value from used mobile devices, at large scale. uSell acquires products from both individual consumers, on its website, uSell.com, and from major carriers, big box retailers, and manufacturers through its subsidiary, We Sell Cellular, LLC. These devices are then distributed globally, leveraging both a traditional sales force and an online marketplace where professional buyers of used smartphones compete to buy inventory in an on-demand fashion. Through participation on uSell’s marketplace platforms and through interaction with uSell’s salesforce, buyers can acquire high volumes of inventory in a cost effective manner, while minimizing risk.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Note 2 - Significant Accounting Policies The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and pursuant to the instructions to Form 10-Q and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. It is management’s opinion, however, that the accompanying unaudited interim condensed consolidated financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented. The accompanying unaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 as filed with the SEC, which contains the audited financial statements and notes thereto, together with Management’s Discussion and Analysis, for the years ended December 31, 2015 and 2014. The financial information as of December 31, 2015 is derived from the audited financial statements presented in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. The interim results for the three months ended March 31, 2016 are not necessarily indicative of the results to be expected for the year ending December 31, 2016 or for any future interim periods. The accompanying unaudited interim condensed consolidated financial statements include the accounts of uSell and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. Operating segments are identified as components of an enterprise about which separate discrete financial information is available for evaluation by the chief operating decision maker, or decision-making group, in making decisions on how to allocate resources and assess performance. The Company’s chief operating decision maker is its Chief Executive Officer. The Company and its Chief Executive Officer view the Company’s operations and manage its business as one operating segment. The preparation of unaudited interim condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited interim condensed consolidated financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from our estimates. All highly liquid investments with an original maturity of 90 days or less when purchased are considered to be cash equivalents. Cash equivalents are stated at cost, which approximates fair value. Cash equivalents generally consist of money market accounts. Accounts receivable represent obligations from the Company’s customers and are recorded net of allowances for cash discounts, doubtful accounts, and sales returns. The Company’s policy is to reserve for uncollectible accounts based on its best estimate of the amount of probable credit losses in its existing accounts receivable. The Company periodically reviews its accounts receivable to determine whether an allowance for doubtful accounts is necessary based on an analysis of past due accounts and other factors that may indicate that the realization of an account may be in doubt. Account balances deemed to be uncollectible are charged to the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The allowance for doubtful accounts was $ 14,300 Inventory Inventory, comprised of all finished goods, is stated at the lower of cost (average cost method) or market. Allowances for slow-moving or obsolete inventory are provided based on historical experience of a variety of factors, including sales volume, product life and levels of inventory at the end of the period. The Company recorded a provision for slow-moving or obsolete inventory of $ 379,000 0 Substantially all of the Company’s inventory purchases are paid for before inventory is received in the Company’s warehouse. Prepaid inventory amounted to approximately $ 407,000 133,000 Revenue is recognized when all of the following conditions exist: (1) persuasive evidence of an arrangement exists, (2) delivery has occurred, (3) the sales price is fixed or determinable, and (4) collectability is reasonably assured. Principal Device Revenue The Company, through We Sell Cellular, LLC “”We Sell Cellular”), generates revenue from the sales of its cellular telephones and related equipment. The Company recognizes revenue “FOB shipping point” on such sales. Delivery to the customer is deemed to have occurred when the customer takes title to the product. Generally, title passes to the customer when the products leave the Company’s warehouse. Payment terms generally require payment once an order is placed. The Company allows customers to return product within 30 120,000 197,000 Under the Company’s “Managed by uSell” service on uSell.com, the Company partnered with a third party logistics company to inspect, wipe and process devices before passing them along to buyers. Under this model, title to a device passes to uSell upon issuance of payment to the seller, which is generally within one to two days from the receipt of the device at the third party warehouse. Title to a device is then transferred to the buyer upon shipment to the buyer. Agent Commission Revenue In certain cases, sellers on the Company’s uSell.com website are shown a larger list of offers directly from third party buyers interested in purchasing their devices. These offers are shown instead of or in addition to the “Managed by uSell” offer. If a seller chooses one of these offers, s/he ships his/her device directly to the buyer, rather than to the Company’s third party warehouse. The buyer is then responsible for testing the device, servicing the customer, and ultimately paying the seller for the device or returning it. The Company charges a commission to the buyers only when the seller sends in a device and is successfully paid for it. As such, the Company recognizes Agent Commission Revenue upon payment to the seller. Fulfillment Revenue The Company offers fulfillment services on behalf of its buyers for the items sold using the Agent Commission Revenue approach outlined above. The Company acts as the agent in these fulfillment services transactions, passing orders booked by its buyers to its third party fulfillment vendor, who then assembles the kits and mails them directly to the sellers. The Company earns a standard fee from its buyers and recognizes revenue upon shipment of the kits to the sellers. The Company evaluated the presentation of revenue on a gross versus net basis and determined that since the Company performs as an agent without assuming the risks and rewards of ownership of the goods, revenue should be reported on a net basis. Advertising Revenue Advertising revenues primarily come from payments for text-based sponsored links and display advertisements. Generally, the Company’s advertisers pay the Company on a cost per click, or CPC basis, which means advertisers pay only when someone clicks on one of their advertisements, or on a cost per thousand impression basis, or CPM. Paying on a CPM basis means that advertisers pay the Company based on the number of times their advertisements appear on the Company’s websites or mobile applications. Advertising revenue is recognized as income when the advertising services are rendered. Deferred revenue represents amounts billed to customers or payments received from customers prior to providing services and for which the related revenue recognition criteria have not been met. The Company follows the provisions of ASC Topic 605-45 (formerly known as Emerging Issues Task Force Issue 00-10, “Accounting for Shipping and Handling Fees and Costs”) regarding shipping and handling costs. Shipping and handling costs included in cost of revenue were approximately $ 104,000 0 Advertising costs are expensed as they are incurred and are included in sales and marketing expenses. Advertising expense amounted to approximately $ 18,000 954,000 Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and accounts receivable. The Company minimizes credit risk associated with cash by periodically evaluating the credit quality of its primary financial institutions. At times, the Company’s cash may be uninsured or in deposit accounts that exceed the Federal Deposit Insurance Corporation (“FDIC”) insurance limit. At March 31, 2016 and December 31, 2015, the Company had not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts. Concentrations of credit risk with respect to accounts receivables is minimal due to the large number of customers comprising the Company’s customer base and generally short payment terms. Financial instruments, including cash, accounts receivable, accounts payable and accrued expenses are carried at cost, which management believes approximates fair value due to the short-term nature of these instruments. The fair value of debt approximates its carrying amounts as a market rate of interest is attached to the repayment. Basic loss per share (“EPS”) is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted EPS gives effect to all dilutive potential of shares of common stock outstanding during the period including stock options or warrants, using the treasury stock method, and convertible debt or convertible preferred stock, using the if-converted method. Diluted EPS excludes all dilutive potential of shares of common stock if their effect is anti-dilutive. Three Months Ended 2016 2015 Convertible Series A Preferred Stock - 100,000 Convertible Series B Preferred Stock - 60,415 Convertible Series C Preferred Stock - 146,667 Convertible Series E Preferred Stock - 103,232 Unvested Restricted Stock 322,772 43,330 Unvested Restricted Stock Units 725,000 506,749 Stock Options 546,859 608,211 Stock Warrants 802,520 802,520 2,397,151 2,371,124 In February 2016, the FASB issued new lease accounting guidance ASU No. 2016-02, “Leases” (“ASU 2016-02”) . In September 2015, the FASB issued ASU 2015-16, “Business Combinations – Simplifying the Accounting for Measurement-Period Adjustments” (“ASU 2015-16”), which eliminates the current guidance that requires an acquirer in a business combination to account for measurement-period adjustments retrospectively as if the accounting for the business combination had been completed at the acquisition date. Instead, under the new guidance, an acquirer recognizes measurement-period adjustments in the period in which it determines the amount of the adjustment, including the effect on earnings of any amounts that would have been recorded in previous periods if the accounting had been completed at the acquisition date. ASU 2015-16 does not change the criteria for determining whether an adjustment qualifies as a measurement-period adjustment or change the length of the measurement period, which cannot exceed one year from the date of the acquisition. The guidance is effective for annual and interim periods beginning after December 15, 2015, and the guidance is applied prospectively to adjustments to provisional amounts that occur after the adoption date. The Company adopted ASU 2015-16 as of January 1, 2016. The adoption of this guidance impacted the Company’s accounting for its measurement-period adjustment in connection with the Well Sell Cellular acquisition during the three months ended March 31, 2016, as described in Note 3. In July 2015, the FASB issued ASU No. 2015-11, “Simplifying the Measurement of Inventory” simplifying the measurement of inventory . In June 2014, the FASB issued ASU No. 2014-12, “Compensation - Stock Compensation” (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could be Achieved after the Requisite Service Period (“ASU 2014-12”). ASU 2014-12 affects entities that grant their employees share-based payments in which terms of the award provide that a performance target that affects vesting could be achieved after the requisite service period. The amendments in ASU 2014-12 require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. ASU 2014-12 is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted. The adoption of this guidance did not have any impact of the Company’s consolidated financial statements. In May 2014, the Financial Accounting Standard Board (the “FASB”) issued ASU No. 2014-09, “Revenue from Contracts with Customers” (“ASU 2014-09”). ASU 2014-09 provides guidance for revenue recognition and affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets and supersedes the revenue recognition requirements in Topic 605, “Revenue Recognition,” and most industry-specific guidance. The core principle of ASU 2014-09 is the recognition of revenue when a company transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled to in exchange for those goods or services. ASU 2014-09 defines a five-step process to achieve this core principle and, in doing so, companies will need to use more judgment and make more estimates than under the current guidance. These may include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. ASU 2014-09 was initially effective for fiscal years beginning after December 15, 2016 and interim periods therein, using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a retrospective approach with the cumulative effect of initially adopting ASU 2014-09 recognized at the date of adoption (which includes additional footnote disclosures). Early adoption is not permitted. The Company is currently evaluating the method and impact the adoption of ASU 2014-09 will have on the Company’s consolidated financial statements and disclosures. In July 2015, the FASB deferred the effective date of ASU 2014-09 for one year, and proposed some modifications to the original provisions.

Acquisition

Acquisition	3 Months Ended
	Mar. 31, 2016
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Note 3 - Acquisition On October 26, 2015 (the “Closing Date”), the Company acquired BST Distribution, Inc., a New York corporation (“BST”), which owns We Sell Cellular, and is engaged primarily in the wholesale acquisition and resale of smartphones and related devices from carriers and big box stores. In connection with the We Sell Cellular acquisition, the Company, BST and We Sell Cellular entered into a financing transaction on October 26, 2015 with BAM Administrative Services, LLC, a Delaware limited liability company (“BAM”), as agent, and an institutional investor (the “Purchaser”), pursuant to which the Company issued and sold the Purchaser a note in the principal amount of $ 4,040,000 The Company, BST, and Brian Tepfer and Scott Tepfer (together, the “Tepfers”) entered into a Stock Purchase Agreement (the “SPA”) as a result of which BST became a wholly-owned subsidiary of the Company. The SPA and the related transactions, other than the financing transaction, were effective as of October 1, 2015. Prior to closing of the SPA, the Tepfers owned 100 100 9,358,837 In accordance with the SPA, if the Tepfers elect to sell shares of the Company’s common stock, the Company will use its best efforts to assist the Tepfers in selling their shares of common stock acquired under the SPA for up to $ 6,000,000 1,500,000 1.20 The fair value of the Placement Rights was determined assuming the Tepfers sell their shares of common stock evenly over the next four quarters, as permitted under the SPA. Accordingly, the Placement Rights were valued as if they expire on the dates the shares of common stock are sold (see Note 10). In accordance with ASC 480-10, “Accounting for Certain Financial Instruments with Characteristics of Both Liabilities and Equity,” the Placement Rights are treated as a derivative liability in the accompanying condensed consolidated balance sheet because the Company is unable to determine if it will have sufficient authorized and unissued shares to deliver to the Tepfers. In addition, pursuant to the SPA, the Company granted the Tepfers certain piggyback registration rights and a right of first refusal to participate in future Company financings. The Company also created a pool of 300,000 The We Sell Cellular acquisition was accounted for under the acquisition method of accounting. Accordingly, the acquired assets and assumed liabilities were recorded at their estimated fair values, and operating results for We Sell Cellular are included in the consolidated financial statements from the effective date of acquisition of October 26, 2015. During the three months ended March 31, 2016, the Company recorded an adjustment to the value of the inventory acquired that existed prior to the acquisition. As a result of the adjustment, the Company recorded an increase in goodwill of $ 42,198 The following unaudited consolidated pro forma information gives effect to the We Sell Cellular acquisition as if the transaction had occurred on January 1, 2015. Three Months Revenues $ 22,444,162 Loss from operations $ (2,902,961) Net loss $ (883,104) Basic and diluted loss per share $ (0.05) Weighted average shares outstanding – basic and diluted 19,583,113

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2016
Intangible Assets, Excluding Capitalized Technology [Member]
Intangible Assets Disclosure [Text Block]	Note 4 - Intangible Assets Useful Lives Gross Accumulated Net Carrying March 31, 2016 (Years) Amount Amortization Amount Trade Name 5 $ 2,622,000 $ (156,070) $ 2,465,930 Customer Relationships 5 2,008,000 (167,335) 1,840,665 eBay Reputation Relationship 1 369,000 (153,750) 215,250 Non-Compete Agreement 1 283,000 (117,915) 165,085 Intangible assets, net $ 5,282,000 $ (595,070) $ 4,686,930 December 31, 2015 Useful Lives Gross Accumulated Net Carrying Trade Name 5 $ 2,622,000 $ (62,428) $ 2,559,572 Customer Relationships 5 2,008,000 (66,934) 1,941,066 eBay Reputation Relationship 1 369,000 (61,500) 307,500 Non-Compete Agreement 1 283,000 (47,166) 235,834 Intangible assets, net $ 5,282,000 $ (238,028) $ 5,043,972 Amortization expense amounted to $ 357,000 0 Years ending December 31, 2016 (remaining nine months) $ 962,464 2017 776,171 2018 776,171 2019 776,171 2020 646,810 Thereafter 749,143 $ 4,686,930

Capitalized Technology, Net

Capitalized Technology, Net	3 Months Ended
	Mar. 31, 2016
Capitalized Technology [Member]
Intangible Assets Disclosure [Text Block]	Note 5 – Capitalized Technology, Net March 31, December 31, Gross value $ 2,780,139 $ 2,575,886 Accumulated amortization (1,898,584) (1,689,343) Net value $ 881,555 $ 886,543 Capitalized technology is amortized on a straight-line basis over their estimated useful lives of three years. Amortization expense amounted to $ 141,000 162,000 Years ending December 31, 2016 (remaining nine months) $ 357,786 2017 366,671 2018 149,609 2019 7,489 $ 881,555

Promissory Notes

Promissory Notes	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Long-term Debt [Text Block]	Note 6 - Promissory Notes Total Notes $ 8,080,000 Less: Unamortized discount and debt issue costs (1,340,709) Total Notes, net of unamortized discount and debt issue costs 6,739,291 Less: Current portion of Notes - Long-term Notes $ 6,739,291 On October 23, 2015 (the “Note Closing Date”), in connection with the closing of the SPA and related transactions, the Company, BST, We Sell Cellular, BAM, as agent, and the Purchaser, an institutional investor, entered into a Note Purchase Agreement (the “NPA”) pursuant to which the Company issued and sold the Purchaser a 1 4,040,000 4,000,000 Within six months of the Note Closing Date, the Company was permitted to receive up to two additional draws of funds in connection with the issuance of additional 1 4,000,000 th In connection with the issuance of the Initial Note, the Company issued the Purchaser 740,000 2,000,000 2,020,000 120,000 The Company maintains a dedicated bank account with a third party custodian pursuant to which all accounts receivable and Collateral proceeds (as defined in the NPA) are deposited to this account. The Company can only access funds in this account in accordance with the terms of the NPA. This account is controlled by BAM and is presented as restricted cash in the accompanying condensed consolidated balance sheet. On March 30, 2016, the Company received $ 2,000,000 2,020,000 350,000 120,000 230,000 31,000 On March 31, 2016, uSell amended the terms of its NPA with BAM, and the Lender, pursuant to which uSell received the following modifications of covenants applicable to the credit facility: ⋅ The EBITDA covenants will not apply until September 2017; ⋅ The amortization period of the principal will not commence until September 1, 2017; ⋅ The interest rate was increased by one-quarter of one percent (25 basis points) from 13.0% to 13.25%; ⋅ The Company will get 75% credit for new purchase orders towards the borrowing base of the facility instead of the previous 50%; and ⋅ The Company will get a 90% credit for inventory in transit towards the borrowing base instead of the previous 75%. The Company analyzed the modification in accordance with ASC 405-20 and ASC 470-50-40. As the present value of the future cash flows of the modified debt was less than 10% different than the cash flows of the original debt, it was determined that the original and new debt instruments are not substantially different. Accordingly, the Company did not treat the original NPA as having been extinguished and exchanged for a new NPA. The Company determined the value of the 1,210,000 1,128,300 61,000 The Company recorded a discount on the Notes of $ 80,000 5,000 201,000 The Company incurred fees associated with the closing of the Notes of $ 270,000 20,000

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Note 7 - Commitments and Contingencies Legal Proceedings From time to time, the Company is a party to or otherwise involved in legal proceedings arising in the normal and ordinary course of business. As of the date of this report, the Company is not aware of any proceeding, threatened or pending, against the Company which, if determined adversely, would have a material effect on its business, results of operations, cash flows or financial position. Operating Leases The Company leases space for operations, sales, customer support and corporate purposes under a lease agreement that expires in August 2018. The Company also leases space for its warehouse and office under a lease that expires in December 2019. The leases contain provisions requiring the Company to pay maintenance, property taxes and insurance and require scheduled rent increases. Rent expense is recognized on a straight-line basis over the terms of the leases. Rent expense, amounting to $ 43,000 19,000

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 8 - Stock-Based Compensation Stock Option Grants Number of Weighted Weighted Aggregate Outstanding - December 31, 2015 575,685 $ 2.75 3.0 $ 1,509 Granted - - Exercised - - Forfeited or Canceled (28,826) 3.44 Outstanding – March 31, 2016 546,859 $ 2.71 2.3 $ - Exercisable – March 31, 2016 496,441 $ 2.86 2.1 $ - The Company recorded non-cash compensation expense of $ 4,000 98,000 Total unrecognized compensation expense related to unvested stock options at March 31, 2016 amounts to $ 42,000 3.7 Number of Weighted Balance at December 31, 2015 55,000 $ 0.86 Granted - - Vested (4,582) (0.86) Forfeited or Canceled - - Balance at March 31, 2016 50,418 $ 0.86 Warrants As of March 31, 2016 and December 31, 2015, there were 802,520 3.21 3.3 3.6 0 The Company did not grant any warrants to purchase shares of common stock during the three months ended March 31, 2016. There was no expense pertaining to warrants recorded during the three months ended March 31, 2016 and 2015. Restricted Stock Awards On January 1, 2016, the Company granted 5,208 1.23 6,000 On January 6, 2016, the Company granted 250,000 1.23 308,000 38,000 Number of Unvested Outstanding at December 31, 2015 831,662 Granted 255,208 Forfeited - Vested (49,514) Unvested Outstanding at March 31, 2016 1,037,356 The Company recorded non-cash compensation expense of $ 123,000 149,000 Total unrecognized compensation expense related to unvested stock awards and unvested restricted stock units at March 31,2016 amounts to $ 1,030,000 2.4

Customer and Vendor Concentrati

Customer and Vendor Concentrations	3 Months Ended
	Mar. 31, 2016
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure [Text Block]	Note 9 – Customer and Vendor Concentrations Customer Concentration During the three months ended March 31, 2016, there were no customers that represented at least 10 10 16 17 0 At March 31, 2016, one customer represented at least 10 16 10 Vendor Concentration During the three months ended March 31, 2016, one vendor represented at least 10 97 10 At March 31, 2016, no vendors represented at least 10 10 40

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	Note 10 - Fair Value Measurements The fair value of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the measurement date. In connection with measuring the fair value of the Company’s assets and liabilities, the Company seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs (internal assumptions about how market participants would price assets and liabilities). The following fair value hierarchy is used to classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and liabilities: Level 1: Quoted prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis. Level 2: Observable inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active. Level 3: Unobservable inputs based on the Company’s assessment of the assumptions that market participants would use in pricing the asset or liability. Description Level March 31, December 31, Liabilities: Placement Right Derivative Liability 3 $ 1,855,000 $ 1,130,000 Level 3 liabilities are valued using unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the derivative liabilities. For fair value measurements categorized within Level 3 of the fair value hierarchy, the Company’s Chief Financial Officer, who reports to the Chief Executive Officer, determines its valuation policies and procedures. The development and determination of the unobservable inputs for Level 3 fair value measurements and fair value calculations are the responsibility of the Company’s Chief Financial Officer and is approved by the Chief Executive Officer. The Company has determined the estimated fair value amounts using available market information and appropriate methodologies. However, considerable judgment is required in interpreting market data to develop the estimates of fair value. The estimates presented are not necessarily indicative of the amounts that the Company could realize in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. The Company has based these fair value estimates on pertinent information available as of the respective balance sheet dates and has determined that, as of such dates, the carrying value of all financial instruments approximates fair value. Level 3 Valuation Techniques: Level 3 financial liabilities consist of placement right liabilities for which there is no current market for these securities such that the determination of fair value requires significant judgment or estimation. Changes in fair value measurements categorized within Level 3 of the fair value hierarchy are analyzed each period based on changes in estimates or assumptions and recorded as appropriate. The Company uses the Black-Scholes option pricing model to value Level 3 financial liabilities at inception and on subsequent valuation dates. This model incorporates transaction details such as the Company’s stock price, contractual terms, maturity, and risk free rates, as well as volatility. A significant increase in the volatility or a significant increase in the Company’s stock price, in isolation, would result in a significantly higher fair value measurement. Changes in the values of the derivative liabilities are recorded in “change in fair value of placement right derivative liability” in the Company’s condensed consolidated statements of operations. As of March 31, 2016 and December 31, 2015, there were no transfers in or out of Level 3 from other levels in the fair value hierarchy. March 31, December 31, Exercise price $ 1.20 $ 1.20 Stock price $ 1.15 $ 1.11 Expected life 0.25-1.00 years 0.18-0.93 years Risk-free interest rate 0.21%-0.61 % 0.02%-0.25 % Dividend yield 0.00 % 0.00 % Volatility 64%-119 % 59 % Balance – December 31, 2015 $ 1,130,000 Change in fair value of placement right liability 725,000 Balance – March 31, 2016 $ 1,855,000

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2016
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Note 11 – Subsequent Events The Company evaluates subsequent events and transactions that occur after the balance sheet date up to the date that the financial statements were issued for potential recognition or disclosure. Other than as described below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements. On April 14, 2016, the Company’s Board of Directors granted its Chief Financial Officer 1,000

Significant Accounting Polici17

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and pursuant to the instructions to Form 10-Q and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. It is management’s opinion, however, that the accompanying unaudited interim condensed consolidated financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented. The accompanying unaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 as filed with the SEC, which contains the audited financial statements and notes thereto, together with Management’s Discussion and Analysis, for the years ended December 31, 2015 and 2014. The financial information as of December 31, 2015 is derived from the audited financial statements presented in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. The interim results for the three months ended March 31, 2016 are not necessarily indicative of the results to be expected for the year ending December 31, 2016 or for any future interim periods.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The accompanying unaudited interim condensed consolidated financial statements include the accounts of uSell and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.
Segment Reporting, Policy [Policy Text Block]	Segment Information Operating segments are identified as components of an enterprise about which separate discrete financial information is available for evaluation by the chief operating decision maker, or decision-making group, in making decisions on how to allocate resources and assess performance. The Company’s chief operating decision maker is its Chief Executive Officer. The Company and its Chief Executive Officer view the Company’s operations and manage its business as one operating segment.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of unaudited interim condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited interim condensed consolidated financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from our estimates.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents All highly liquid investments with an original maturity of 90 days or less when purchased are considered to be cash equivalents. Cash equivalents are stated at cost, which approximates fair value. Cash equivalents generally consist of money market accounts.
Trade and Other Accounts Receivable, Policy [Policy Text Block]	Accounts Receivable Accounts receivable represent obligations from the Company’s customers and are recorded net of allowances for cash discounts, doubtful accounts, and sales returns. The Company’s policy is to reserve for uncollectible accounts based on its best estimate of the amount of probable credit losses in its existing accounts receivable. The Company periodically reviews its accounts receivable to determine whether an allowance for doubtful accounts is necessary based on an analysis of past due accounts and other factors that may indicate that the realization of an account may be in doubt. Account balances deemed to be uncollectible are charged to the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The allowance for doubtful accounts was $ 14,300
Inventory, Policy [Policy Text Block]	Inventory Inventory, comprised of all finished goods, is stated at the lower of cost (average cost method) or market. Allowances for slow-moving or obsolete inventory are provided based on historical experience of a variety of factors, including sales volume, product life and levels of inventory at the end of the period. The Company recorded a provision for slow-moving or obsolete inventory of $ 379,000 0 Substantially all of the Company’s inventory purchases are paid for before inventory is received in the Company’s warehouse. Prepaid inventory amounted to approximately $ 407,000 133,000
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition Revenue is recognized when all of the following conditions exist: (1) persuasive evidence of an arrangement exists, (2) delivery has occurred, (3) the sales price is fixed or determinable, and (4) collectability is reasonably assured. Principal Device Revenue The Company, through We Sell Cellular, LLC “”We Sell Cellular”), generates revenue from the sales of its cellular telephones and related equipment. The Company recognizes revenue “FOB shipping point” on such sales. Delivery to the customer is deemed to have occurred when the customer takes title to the product. Generally, title passes to the customer when the products leave the Company’s warehouse. Payment terms generally require payment once an order is placed. The Company allows customers to return product within 30 120,000 197,000 Under the Company’s “Managed by uSell” service on uSell.com, the Company partnered with a third party logistics company to inspect, wipe and process devices before passing them along to buyers. Under this model, title to a device passes to uSell upon issuance of payment to the seller, which is generally within one to two days from the receipt of the device at the third party warehouse. Title to a device is then transferred to the buyer upon shipment to the buyer. Agent Commission Revenue In certain cases, sellers on the Company’s uSell.com website are shown a larger list of offers directly from third party buyers interested in purchasing their devices. These offers are shown instead of or in addition to the “Managed by uSell” offer. If a seller chooses one of these offers, s/he ships his/her device directly to the buyer, rather than to the Company’s third party warehouse. The buyer is then responsible for testing the device, servicing the customer, and ultimately paying the seller for the device or returning it. The Company charges a commission to the buyers only when the seller sends in a device and is successfully paid for it. As such, the Company recognizes Agent Commission Revenue upon payment to the seller. Fulfillment Revenue The Company offers fulfillment services on behalf of its buyers for the items sold using the Agent Commission Revenue approach outlined above. The Company acts as the agent in these fulfillment services transactions, passing orders booked by its buyers to its third party fulfillment vendor, who then assembles the kits and mails them directly to the sellers. The Company earns a standard fee from its buyers and recognizes revenue upon shipment of the kits to the sellers. The Company evaluated the presentation of revenue on a gross versus net basis and determined that since the Company performs as an agent without assuming the risks and rewards of ownership of the goods, revenue should be reported on a net basis. Advertising Revenue Advertising revenues primarily come from payments for text-based sponsored links and display advertisements. Generally, the Company’s advertisers pay the Company on a cost per click, or CPC basis, which means advertisers pay only when someone clicks on one of their advertisements, or on a cost per thousand impression basis, or CPM. Paying on a CPM basis means that advertisers pay the Company based on the number of times their advertisements appear on the Company’s websites or mobile applications. Advertising revenue is recognized as income when the advertising services are rendered. Deferred revenue represents amounts billed to customers or payments received from customers prior to providing services and for which the related revenue recognition criteria have not been met.
Shipping and Handling Cost, Policy [Policy Text Block]	Shipping and Handling Costs The Company follows the provisions of ASC Topic 605-45 (formerly known as Emerging Issues Task Force Issue 00-10, “Accounting for Shipping and Handling Fees and Costs”) regarding shipping and handling costs. Shipping and handling costs included in cost of revenue were approximately $ 104,000 0
Advertising Costs, Policy [Policy Text Block]	Advertising Advertising costs are expensed as they are incurred and are included in sales and marketing expenses. Advertising expense amounted to approximately $ 18,000 954,000
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and accounts receivable. The Company minimizes credit risk associated with cash by periodically evaluating the credit quality of its primary financial institutions. At times, the Company’s cash may be uninsured or in deposit accounts that exceed the Federal Deposit Insurance Corporation (“FDIC”) insurance limit. At March 31, 2016 and December 31, 2015, the Company had not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts. Concentrations of credit risk with respect to accounts receivables is minimal due to the large number of customers comprising the Company’s customer base and generally short payment terms.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments Financial instruments, including cash, accounts receivable, accounts payable and accrued expenses are carried at cost, which management believes approximates fair value due to the short-term nature of these instruments. The fair value of debt approximates its carrying amounts as a market rate of interest is attached to the repayment.
Earnings Per Share, Policy [Policy Text Block]	Net Loss per Share Basic loss per share (“EPS”) is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted EPS gives effect to all dilutive potential of shares of common stock outstanding during the period including stock options or warrants, using the treasury stock method, and convertible debt or convertible preferred stock, using the if-converted method. Diluted EPS excludes all dilutive potential of shares of common stock if their effect is anti-dilutive. Three Months Ended 2016 2015 Convertible Series A Preferred Stock - 100,000 Convertible Series B Preferred Stock - 60,415 Convertible Series C Preferred Stock - 146,667 Convertible Series E Preferred Stock - 103,232 Unvested Restricted Stock 322,772 43,330 Unvested Restricted Stock Units 725,000 506,749 Stock Options 546,859 608,211 Stock Warrants 802,520 802,520 2,397,151 2,371,124
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In February 2016, the FASB issued new lease accounting guidance ASU No. 2016-02, “Leases” (“ASU 2016-02”) . In September 2015, the FASB issued ASU 2015-16, “Business Combinations – Simplifying the Accounting for Measurement-Period Adjustments” (“ASU 2015-16”), which eliminates the current guidance that requires an acquirer in a business combination to account for measurement-period adjustments retrospectively as if the accounting for the business combination had been completed at the acquisition date. Instead, under the new guidance, an acquirer recognizes measurement-period adjustments in the period in which it determines the amount of the adjustment, including the effect on earnings of any amounts that would have been recorded in previous periods if the accounting had been completed at the acquisition date. ASU 2015-16 does not change the criteria for determining whether an adjustment qualifies as a measurement-period adjustment or change the length of the measurement period, which cannot exceed one year from the date of the acquisition. The guidance is effective for annual and interim periods beginning after December 15, 2015, and the guidance is applied prospectively to adjustments to provisional amounts that occur after the adoption date. The Company adopted ASU 2015-16 as of January 1, 2016. The adoption of this guidance impacted the Company’s accounting for its measurement-period adjustment in connection with the Well Sell Cellular acquisition during the three months ended March 31, 2016, as described in Note 3. In July 2015, the FASB issued ASU No. 2015-11, “Simplifying the Measurement of Inventory” simplifying the measurement of inventory . In June 2014, the FASB issued ASU No. 2014-12, “Compensation - Stock Compensation” (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could be Achieved after the Requisite Service Period (“ASU 2014-12”). ASU 2014-12 affects entities that grant their employees share-based payments in which terms of the award provide that a performance target that affects vesting could be achieved after the requisite service period. The amendments in ASU 2014-12 require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. ASU 2014-12 is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted. The adoption of this guidance did not have any impact of the Company’s consolidated financial statements. In May 2014, the Financial Accounting Standard Board (the “FASB”) issued ASU No. 2014-09, “Revenue from Contracts with Customers” (“ASU 2014-09”). ASU 2014-09 provides guidance for revenue recognition and affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets and supersedes the revenue recognition requirements in Topic 605, “Revenue Recognition,” and most industry-specific guidance. The core principle of ASU 2014-09 is the recognition of revenue when a company transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled to in exchange for those goods or services. ASU 2014-09 defines a five-step process to achieve this core principle and, in doing so, companies will need to use more judgment and make more estimates than under the current guidance. These may include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. ASU 2014-09 was initially effective for fiscal years beginning after December 15, 2016 and interim periods therein, using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a retrospective approach with the cumulative effect of initially adopting ASU 2014-09 recognized at the date of adoption (which includes additional footnote disclosures). Early adoption is not permitted. The Company is currently evaluating the method and impact the adoption of ASU 2014-09 will have on the Company’s consolidated financial statements and disclosures. In July 2015, the FASB deferred the effective date of ASU 2014-09 for one year, and proposed some modifications to the original provisions.

Significant Accounting Polici18

Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	The computation of basic and diluted loss per share at March 31, 2016 and 2015 excludes the common stock equivalents of the following potentially dilutive securities because their inclusion would be anti-dilutive: Three Months Ended 2016 2015 Convertible Series A Preferred Stock - 100,000 Convertible Series B Preferred Stock - 60,415 Convertible Series C Preferred Stock - 146,667 Convertible Series E Preferred Stock - 103,232 Unvested Restricted Stock 322,772 43,330 Unvested Restricted Stock Units 725,000 506,749 Stock Options 546,859 608,211 Stock Warrants 802,520 802,520 2,397,151 2,371,124

Acquisition (Tables)

Acquisition (Tables)	3 Months Ended
	Mar. 31, 2016
Business Combinations [Abstract]
Business Acquisition, Pro Forma Information [Table Text Block]	The following pro forma information is presented for illustration purposes only and is not necessarily indicative of the results that would have been attained had the acquisition been completed on January 1, 2015, nor are they indicative of results that may occur in any future periods. Three Months Revenues $ 22,444,162 Loss from operations $ (2,902,961) Net loss $ (883,104) Basic and diluted loss per share $ (0.05) Weighted average shares outstanding – basic and diluted 19,583,113

Intangible Assets (Tables)

Intangible Assets (Tables) - Intangible Assets, Excluding Capitalized Technology [Member]	3 Months Ended
	Mar. 31, 2016
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Intangible assets, net is as follows: Useful Lives Gross Accumulated Net Carrying March 31, 2016 (Years) Amount Amortization Amount Trade Name 5 $ 2,622,000 $ (156,070) $ 2,465,930 Customer Relationships 5 2,008,000 (167,335) 1,840,665 eBay Reputation Relationship 1 369,000 (153,750) 215,250 Non-Compete Agreement 1 283,000 (117,915) 165,085 Intangible assets, net $ 5,282,000 $ (595,070) $ 4,686,930 December 31, 2015 Useful Lives Gross Accumulated Net Carrying Trade Name 5 $ 2,622,000 $ (62,428) $ 2,559,572 Customer Relationships 5 2,008,000 (66,934) 1,941,066 eBay Reputation Relationship 1 369,000 (61,500) 307,500 Non-Compete Agreement 1 283,000 (47,166) 235,834 Intangible assets, net $ 5,282,000 $ (238,028) $ 5,043,972
Finite-lived Intangible Assets Amortization Expense [Table Text Block]	Future annual estimated amortization expense is summarized as follows: Years ending December 31, 2016 (remaining nine months) $ 962,464 2017 776,171 2018 776,171 2019 776,171 2020 646,810 Thereafter 749,143 $ 4,686,930

Capitalized Technology, Net (Ta

Capitalized Technology, Net (Tables) - Capitalized Technology [Member]	3 Months Ended
	Mar. 31, 2016
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Capitalized technology consists of the following: March 31, December 31, Gross value $ 2,780,139 $ 2,575,886 Accumulated amortization (1,898,584) (1,689,343) Net value $ 881,555 $ 886,543
Finite-lived Intangible Assets Amortization Expense [Table Text Block]	Future annual estimated amortization expense is summarized as follows: Years ending December 31, 2016 (remaining nine months) $ 357,786 2017 366,671 2018 149,609 2019 7,489 $ 881,555

Promissory Notes (Tables)

Promissory Notes (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	At March 31, 2016, the Company’s Notes (as defined below) is comprised of the following: Total Notes $ 8,080,000 Less: Unamortized discount and debt issue costs (1,340,709) Total Notes, net of unamortized discount and debt issue costs 6,739,291 Less: Current portion of Notes - Long-term Notes $ 6,739,291

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	The following table summarizes the Company’s stock option activity for the three months ended March 31, 2016: Number of Weighted Weighted Aggregate Outstanding - December 31, 2015 575,685 $ 2.75 3.0 $ 1,509 Granted - - Exercised - - Forfeited or Canceled (28,826) 3.44 Outstanding – March 31, 2016 546,859 $ 2.71 2.3 $ - Exercisable – March 31, 2016 496,441 $ 2.86 2.1 $ -
Schedule of Nonvested Share Activity [Table Text Block]	Number of Weighted Balance at December 31, 2015 55,000 $ 0.86 Granted - - Vested (4,582) (0.86) Forfeited or Canceled - - Balance at March 31, 2016 50,418 $ 0.86
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]	A summary of the restricted stock award activity for the three months ended March 31, 2016 is as follows: Number of Unvested Outstanding at December 31, 2015 831,662 Granted 255,208 Forfeited - Vested (49,514) Unvested Outstanding at March 31, 2016 1,037,356

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]	The following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis at March 31, 2016 and December 31, 2015, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value: Description Level March 31, December 31, Liabilities: Placement Right Derivative Liability 3 $ 1,855,000 $ 1,130,000
Fair Value Assumption For Measurement Of Placement Right Liability [Table Text Block]	The placement right liability was valued using the Black-Scholes option pricing model and the following assumptions on the following dates: March 31, December 31, Exercise price $ 1.20 $ 1.20 Stock price $ 1.15 $ 1.11 Expected life 0.25-1.00 years 0.18-0.93 years Risk-free interest rate 0.21%-0.61 % 0.02%-0.25 % Dividend yield 0.00 % 0.00 % Volatility 64%-119 % 59 %
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	The following table reflects the change in fair value of the Company’s derivative liability for the three months ended March 31, 2016: Balance – December 31, 2015 $ 1,130,000 Change in fair value of placement right liability 725,000 Balance – March 31, 2016 $ 1,855,000

Significant Accounting Polici25

Significant Accounting Policies (Details) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,397,151	2,371,124
Unvested Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	322,772	43,330
Unvested Restricted Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	725,000	506,749
Convertible Series A Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	100,000
Convertible Series B Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	60,415
Convertible Series C Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	146,667
Convertible Series E Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	103,232
Stock Warrants [member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	802,520	802,520
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	546,859	608,211

Significant Accounting Polici26

Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Significant Accounting Policies [Line Items]
Allowance for Doubtful Accounts Receivable	$ 14,300		$ 14,300
Advertising Expense	18,000	$ 954,000
Shipping, Handling and Transportation Costs	104,000	0
Inventory Valuation Reserves	379,000	$ 0
Prepaid Supplies	$ 407,000		133,000
Maximum Allowance Of Sales Return Period	30 days
Cellular Telephones And Related Equipment [Member]
Significant Accounting Policies [Line Items]
Sales Returns and Allowances, Goods, Total	$ 120,000		$ 197,000

Acquisition (Details)

Acquisition (Details)	3 Months Ended
	Mar. 31, 2016USD ($)$ / sharesshares
Business Acquisition [Line Items]
Revenues	$ 22,444,162
Loss from operations	(2,902,961)
Net loss	$ (883,104)
Basic and diluted loss per share | $ / shares	$ (0.05)
Weighted average shares outstanding - basic and diluted | shares	19,583,113

Acquisition (Details Textual)

Acquisition (Details Textual) - USD ($)	1 Months Ended		3 Months Ended
	Mar. 30, 2016	Oct. 26, 2015	Mar. 31, 2016
Business Acquisition [Line Items]
Target Sales of Quarterly		$ 1,500,000
Class of Warrant or Right, Exercise Price of Warrants or Rights			$ 3.21
Goodwill, Acquired During Period			$ 42,198
Stock Purchase Agreement [Member]
Business Acquisition [Line Items]
Proceeds from Issuance of Private Placement		$ 6,000,000
Stock Issued During Period, Shares, Restricted Stock Award, Gross		300,000
Placement Rights [Member]
Business Acquisition [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 1.20
BAM Administrative Services, LLC [Member]
Business Acquisition [Line Items]
Debt Instrument, Face Amount		$ 4,040,000
Stock Issued During Period, Shares, Restricted Stock Award, Gross	350,000
BAM Administrative Services, LLC [Member] | Stock Purchase Agreement [Member]
Business Acquisition [Line Items]
Equity Method Investment, Ownership Percentage		100.00%
Tepfers [Member] | Stock Purchase Agreement [Member]
Business Acquisition [Line Items]
Equity Method Investment, Ownership Percentage		100.00%
BST Distribution, Inc [Member] | Stock Purchase Agreement [Member]
Business Acquisition [Line Items]
Stock Issued During Period, Shares, Acquisitions		9,358,837

Intangible Assets (Details)

Intangible Assets (Details) - Intangible Assets, Excluding Capitalized Technology [Member] - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Intangible Assets, Gross Carrying Amount	$ 5,282,000	$ 5,282,000
Intangible Assets, Accumulated Amortization	(595,070)	(238,028)
Intangible Assets, Net Carrying Amount	$ 4,686,930	$ 5,043,972
Customer Relationships [Member]
Intangible Assets, Useful Life (Years)	5 years	5 years
Intangible Assets, Gross Carrying Amount	$ 2,008,000	$ 2,008,000
Intangible Assets, Accumulated Amortization	(167,335)	(66,934)
Intangible Assets, Net Carrying Amount	$ 1,840,665	$ 1,941,066
Noncompete Agreements [Member]
Intangible Assets, Useful Life (Years)	1 year	1 year
Intangible Assets, Gross Carrying Amount	$ 283,000	$ 283,000
Intangible Assets, Accumulated Amortization	(117,915)	(47,166)
Intangible Assets, Net Carrying Amount	$ 165,085	$ 235,834
EBay Reputation Relationship [Member]
Intangible Assets, Useful Life (Years)	1 year	1 year
Intangible Assets, Gross Carrying Amount	$ 369,000	$ 369,000
Intangible Assets, Accumulated Amortization	(153,750)	(61,500)
Intangible Assets, Net Carrying Amount	$ 215,250	$ 307,500
Trade Names [Member]
Intangible Assets, Useful Life (Years)	5 years	5 years
Intangible Assets, Gross Carrying Amount	$ 2,622,000	$ 2,622,000
Intangible Assets, Accumulated Amortization	(156,070)	(62,428)
Intangible Assets, Net Carrying Amount	$ 2,465,930	$ 2,559,572

Intangible Assets (Details 1)

Intangible Assets (Details 1) - Intangible Assets, Excluding Capitalized Technology [Member]	Mar. 31, 2016USD ($)
2016 (remaining nine months)	$ 962,464
2,017	776,171
2,018	776,171
2,019	776,171
Total	646,810
Thereafter	749,143
Total	$ 4,686,930

Intangible Assets (Details Text

Intangible Assets (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Intangible Assets, Excluding Capitalized Technology [Member]
Amortization of Intangible Assets	$ 357,000	$ 0

Capitalized Technology, Net (De

Capitalized Technology, Net (Details) - Capitalized Technology [Member] - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Gross value	$ 2,780,139	$ 2,575,886
Accumulated amortization	(1,898,584)	(1,689,343)
Net value	$ 881,555	$ 886,543

Capitalized Technology, Net (33

Capitalized Technology, Net (Details 1) - Capitalized Technology [Member] - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Years ending December 31,
2016 (remaining nine months)	$ 357,786
2,017	366,671
2,018	149,609
2,019	7,489
Net value	$ 881,555	$ 886,543

Capitalized Technology, Net (34

Capitalized Technology, Net (Details Textual) - Capitalized Technology [Member] - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	3 years
Amortization of Intangible Assets	$ 141,000	$ 162,000

Promissory Notes (Details)

Promissory Notes (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total Notes	$ 8,080,000
Less: Unamortized discount and debt issue costs	(1,340,709)
Total Notes, net of unamortized discount and debt issue costs	6,739,291
Less: Current portion of Notes	0
Long-term Notes	$ 6,739,291	$ 5,087,043

Promissory Notes (Details Textu

Promissory Notes (Details Textual) - USD ($)	1 Months Ended			3 Months Ended		12 Months Ended
	Mar. 30, 2016	Nov. 01, 2015	Oct. 23, 2015	Mar. 31, 2016	Mar. 31, 2015	Dec. 02, 2015	Oct. 26, 2015
Debt Instrument [Line Items]
Stock Issued During Period Shares For Debt Discount Issued				1,210,000
Stock Issued During Period Value For Debt Discount Issued				$ 1,128,300
Accretion of Discount				61,000
Accretion of Debt Discount				5,000
Interest Expense, Debt				201,000
Debt Related Commitment Fees and Debt Issuance Costs				270,000
Accretion Expense				20,000
Interest and Debt Expense, Total				80,000
Payments of Debt Issuance Costs				$ 31,102	$ 0
BAM Administrative Services, LLC [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount							$ 4,040,000
Stock Issued During Period, Shares, Restricted Stock Award, Gross	350,000
Debt Instrument, Description of Variable Rate Basis				The interest rate was increased by one-quarter of one percent (25 basis points) from 13.0% to 13.25%;
Note Purchase Agreement, Credit for Purchase Orders				The Company will get 75% credit for new purchase orders towards the borrowing base of the facility instead of the previous 50%; and
Note Purchase Agreement, Credit for Inventory In Transit				The Company will get a 90% credit for inventory in transit towards the borrowing base instead of the previous 75%.
Note Purchase Agreement and Secured Term Note [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount						$ 2,000,000
Debt Instrument, Maturity Date, Description		The Notes mature three years from the Note Closing Date and accrued interest at 13% annually, which was payable monthly in arrears, beginning November 1, 2015. Repayment of principal originally commenced seven months from the Note Closing Date in monthly installments of 1/48th of the aggregate principal amount of the Notes. The Notes are prepayable at 103%, beginning one year from the Note Closing Date, in increments of $500,000.
Shares Issued During Period For Debt			740,000
Note Purchase Agreement and Secured Term Note [Member] | BAM Administrative Services, LLC [Member]
Debt Instrument [Line Items]
Original Issue Discount On Secured Term Note Percentage			1.00%
Debt Instrument, Face Amount			$ 4,040,000
Proceeds from Issuance of Debt			$ 4,000,000
Deferred Draw Notes [Member]
Debt Instrument [Line Items]
Additional Discount On Secured Term Note Percentage			1.00%
Debt Instrument, Face Amount			$ 4,000,000			$ 2,020,000
Additional Purchase Of Common Stock Shares Issued						120,000
Proceeds from Issuance of Secured Debt	$ 2,000,000
Debt Instrument, Periodic Payment, Principal	2,020,000
Payments of Debt Issuance Costs	$ 31,000
Favorable Modification [Member] | BAM Administrative Services, LLC [Member]
Debt Instrument [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Gross	230,000
Second Deferred Draw Notes [Member] | BAM Administrative Services, LLC [Member]
Debt Instrument [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Gross	120,000

Commitments and Contingencies (

Commitments and Contingencies (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Loss Contingencies [Line Items]
Operating Leases, Rent Expense	$ 43,000	$ 19,000
Lease Expiration Date	Aug. 31, 2018
Warehouse [Member]
Loss Contingencies [Line Items]
Lease Expiration Date	Dec. 31, 2019

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - Employee Stock Option [Member] - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Outstanding - December 31, 2015	575,685
Number of Options, Granted	0
Number of Options, Exercised	0
Number of Options, Forfeited or Canceled	(28,826)
Number of Options, Outstanding - March 31, 2016	546,859	575,685
Number of Options, Exercisable - March 31, 2016	496,441
Weighted Average Exercise Price, Outstanding - December 31, 2015 (in dollars per share)	$ 2.75
Weighted Average Exercise Price, Granted (in dollars per share)	0
Weighted Average Exercise Price, Exercised (in dollars per share)	0
Weighted Average Exercise Price, Forfeited or Canceled (in dollars per share)	3.44
Weighted Average Exercise Price, Outstanding - March 31, 2016 (in dollars per share)	2.71	$ 2.75
Weighted Average Exercise Price, Exercisable - March 31, 2016 (in dollars per share)	$ 2.86
Weighted Average Remaining Contractual Life, Outstanding (in years)	2 years 3 months 18 days	3 years
Weighted Average Remaining Contractual Life, Exercisable - March 31, 2016 (in years)	2 years 1 month 6 days
Aggregate Intrinsic Value, Options Outstanding - December 31, 2015 (in dollars)	$ 1,509
Aggregate Intrinsic Value, Options Outstanding - March 31, 2016 (in dollars)	0	$ 1,509
Aggregate Intrinsic Value, Options Exercisable - March 31, 2016 (in dollars)	$ 0

Stock-Based Compensation (Det39

Stock-Based Compensation (Details1) - Employee Stock Option [Member]	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance at December 31, 2015 | shares	55,000
Number of Options, Granted | shares	0
Number of Options, Vested | shares	(4,582)
Number of Options, Forfeited or Canceled | shares	0
Ending Balance at March 31, 2016 | shares	50,418
Weighted Average Grant Date Fair Value, Balance at December 31, 2015 (in dollars per share) | $ / shares	$ 0.86
Weighted Average Grant Date Fair Value, Granted (in dollars per share) | $ / shares	0
Weighted Average Grant Date Fair Value, Vested (in dollars per share) | $ / shares	(0.86)
Weighted Average Grant Date Fair Value, Forfeited or Canceled (in dollars per share) | $ / shares	0
Weighted Average Grant Date Fair Value, Balance at March 31, 2016 (in dollars per share) | $ / shares	$ 0.86

Stock-Based Compensation (Det40

Stock-Based Compensation (Details 2) - Restricted Stock [Member]	3 Months Ended
	Mar. 31, 2016shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance at December 31, 2015	831,662
Number of Shares, Granted	255,208
Number of Shares, Cancelled	0
Number of Shares, Vested	(49,514)
Ending Balance at March 31, 2016	1,037,356

Stock-Based Compensation (Det41

Stock-Based Compensation (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation, Total	$ 127,234	$ 246,541
Warrants Outstanding And Exercisable Weighted Average Remaining Contractual Term	3 years 3 months 18 days		3 years 7 months 6 days
Warrants Outstanding And Exercisable Aggregate Intrinsic Value	$ 0
Class of Warrant or Right, Outstanding	802,520
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 3.21
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Granted	255,208
Share-based Compensation, Total	$ 123,000	149,000
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total	$ 1,030,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 4 months 24 days
Board of Directors Chairman [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Granted	250,000
Allocated Share-based Compensation Expense	$ 38,000
Share-based Compensation, Total	$ 308,000
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$ 1.23
Executive Chairman And Chief Executive Officer [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Granted	5,208
Share-based Compensation, Total	$ 6,000
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$ 1.23
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation, Total	$ 4,000	$ 98,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	3 years 8 months 12 days
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	$ 42,000
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$ 2.86

Customer and Vendor Concentra42

Customer and Vendor Concentrations (Details Textual)	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Accounts Payable [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage			40.00%
Supplier Concentration Risk [Member] | Purchase Commitment [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	97.00%
Sales Revenue, Net [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	16.00%
Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | HONG KONG
Concentration Risk [Line Items]
Concentration Risk, Percentage	17.00%	0.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	16.00%
Zero Customer [Member] | Customer Concentration Risk [Member] | Accounts Payable [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage			10.00%
Zero Customer [Member] | Sales Revenue, Net [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	10.00%
One Customer [Member] | Sales Revenue, Net [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	10.00%
One Customer [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	10.00%
One Vendor [Member] | Accounts Payable [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage			10.00%
One Vendor [Member] | Supplier Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	10.00%
Zero Vendor [Member] | Accounts Payable [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	10.00%	10.00%

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Liabilities:
Placement Right Derivative Liability	$ 1,855,000	$ 1,130,000
Fair Value, Inputs, Level 3 [Member]
Liabilities:
Placement Right Derivative Liability	$ 1,855,000	$ 1,130,000

Fair Value Measurements (Deta44

Fair Value Measurements (Details 1) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Exercise price	$ 1.20	$ 1.20
Stock price	$ 1.15	$ 1.11
Dividend yield	0.00%	0.00%
Volatility		59.00%
Maximum [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Expected life	1 year	11 months 5 days
Risk-free interest rate	0.61%	0.25%
Volatility	119.00%
Minimum [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Expected life	3 months	2 months 5 days
Risk-free interest rate	0.21%	0.02%
Volatility	64.00%

Fair Value Measurements (Deta45

Fair Value Measurements (Details 2)	3 Months Ended
	Mar. 31, 2016USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Balance - December 31, 2015	$ 1,130,000
Change in fair value of placement right liability	725,000
Balance - March 31, 2016	$ 1,855,000

Subsequent Events (Details Text

Subsequent Events (Details Textual) - Subsequent Event [Member] - Equity Incentive Plan 2008 [Member] - Chief Financial Officer [Member]	Apr. 14, 2016shares
Subsequent Event [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	1,000
Share-based Compensation Arrangement by Share-based Payment Award, Plan Modification, Description and Terms	In addition, the Company amended the 2008 Equity Incentive Plan by an additional 200,000 shares and agreed to issue 7,000 shares to a tax consulting firm for services.