usell.com (PXHI) 10-K 30 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 30, 2017	Jun. 30, 2016
Document And Entity Information
Entity Registrant Name	usell.com, Inc.
Entity Central Index Key	1,271,075
Document Type	10-K
Trading Symbol	USEL
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 11,700,000
Entity Common Stock, Shares Outstanding		20,138,999
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,016

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Current Assets:
Cash and cash equivalents	$ 1,657,422	$ 1,047,786
Restricted cash	982,064	801,230
Accounts receivable, net	430,171	463,187
Inventory	8,874,099	7,099,970
Prepaid expenses and other current assets	130,141	297,023
Total Current Assets	12,073,897	9,709,196
Property and equipment, net	191,957	193,243
Goodwill	8,448,759	8,406,561
Intangible assets, net	3,724,466	5,043,972
Capitalized technology, net	934,193	886,543
Other assets	124,358	79,145
Total Assets	25,497,630	24,318,660
Current Liabilities:
Accounts payable	4,328,422	2,563,598
Accrued expenses	916,961	729,160
Deferred revenue	374,098	814,295
Promissory note payable	673,332
Capital lease obligation	10,664
Lease termination payable		5,000
Total Current Liabilities	6,303,477	4,112,053
Promissory note payable, net of current portion	6,441,000	5,087,043
Capital lease obligation, net of current portion	47,986
Placement rights derivative liability		1,130,000
Total Liabilities	12,792,463	10,329,096
Stockholders' Equity:
Common stock; $0.0001 par value; 43,333,333 shares authorized; 20,134,999 shares and 19,751,999 shares issued and outstanding, respectively	2,013	1,976
Additional paid in capital	71,089,882	68,662,578
Accumulated deficit	(58,386,728)	(54,674,990)
Total Stockholders' Equity	12,705,167	13,989,564
Total Liabilities and Stockholders' Equity	25,497,630	24,318,660
Series A Convertible Preferred Stock [Member]
Stockholders' Equity:
Convertible preferred stock
Series B Convertible Preferred Stock [Member]
Stockholders' Equity:
Convertible preferred stock
Series C Convertible Preferred Stock [Member]
Stockholders' Equity:
Convertible preferred stock
Series E Convertible Preferred Stock [Member]
Stockholders' Equity:
Convertible preferred stock

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized	43,333,333	43,333,333
Common stock, issued	20,134,999	19,751,999
Common stock, outstanding	20,134,999	19,751,999
Series A Convertible Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, authorized	325,000	325,000
Preferred stock, issued
Preferred stock, outstanding
Series B Convertible Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, authorized	4,000,000	4,000,000
Preferred stock, issued
Preferred stock, outstanding
Series C Convertible Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, authorized	146,667	146,667
Preferred stock, issued
Preferred stock, outstanding
Series E Convertible Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, authorized	103,232	103,232
Preferred stock, issued
Preferred stock, outstanding

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Statement [Abstract]
Revenue	$ 94,656,735	$ 27,093,928
Cost of Revenue	88,834,912	23,549,098
Gross Profit	5,821,823	3,544,830
Operating Expenses:
Sales and marketing	1,680,364	2,037,371
General and administrative	5,986,273	6,344,539
Total operating expenses	7,666,637	8,381,910
Loss from Operations	(1,844,814)	(4,837,080)
Other (Expense) Income:
Interest income	429	956
Interest expense	(1,497,353)	(189,245)
Change in fair value of placement rights derivative liability	(370,000)
Total Other Expense, Net	(1,866,924)	(188,289)
Loss before Income Tax Benefit	(3,711,738)	(5,025,369)
Income Tax Benefit		2,392,994
Net Loss	$ (3,711,738)	$ (2,632,375)
Net loss per common share - basic and diluted (in dollars per share)	$ (0.19)	$ (0.27)
Weighted average number of common shares outstanding during the period - basic and diluted (in shares)	20,029,701	9,687,951

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - USD ($)	Series A Preferred Stock [Member]	Series B Preferred Stock [Member]	Series C Preferred Stock [Member]	Series E Preferred Stock [Member]	Common Stock [Member]	Additional Paid in Capital [Member]	Accumulated Deficit [Member]	Total
Balance at beginning at Dec. 31, 2014	$ 10	$ 95	$ 15	$ 10	$ 753	$ 54,610,843	$ (52,042,615)	$ 2,569,111
Balance at beginning (in shares) at Dec. 31, 2014	100,000	951,250	146,667	103,232	7,533,817
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Conversion of Series A Preferred Stock to Common Stock	$ (10)				$ 10
Conversion of Series A Preferred Stock to Common Stock (in shares)	(100,000)				100,000
Conversion of Series B Preferred Stock to Common Stock		$ (95)			$ 6	89
Conversion of Series B Preferred Stock to Common Stock (in shares)		(951,250)			60,411
Conversion of Series C Preferred Stock to Common Stock			$ (15)		$ 15
Conversion of Series C Preferred Stock to Common Stock (in shares)			(146,667)		146,667
Conversion of Series E Preferred Stock to Common Stock				$ (10)	$ 10
Conversion of Series E Preferred Stock to Common Stock (in shares)				(103,232)	103,232
Issuance of Common Stock in connection with We Sell Cellular acquisition					$ 936	10,387,373		10,388,309
Issuance of Common Stock in connection with We Sell Cellular acquisition (in shares)					9,358,837
Issuance of Common Stock in connection with Note Purchase Agreement					$ 86	725,714		725,800
Issuance of Common Stock in connection with Note Purchase Agreement (in shares)					860,000
Stock based compensation					$ 160	2,938,559		2,938,719
Stock based compensation (in shares)					1,589,035
Net loss							(2,632,375)	(2,632,375)
Balance at end at Dec. 31, 2015					$ 1,976	68,662,578	(54,674,990)	13,989,564
Balance at end (in shares) at Dec. 31, 2015					19,751,999
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Common Stock in connection with Note Purchase Agreement					$ 35	402,465		402,500
Issuance of Common Stock in connection with Note Purchase Agreement (in shares)					350,000
Reclassification of Derivative Liability upon Conversion of Convertible Notes to Common Stock and Series E Preferred Stock						1,500,000		1,500,000
Stock based compensation					$ 2	524,839		524,841
Stock based compensation (in shares)					33,000
Net loss							(3,711,738)	(3,711,738)
Balance at end at Dec. 31, 2016					$ 2,013	$ 71,089,882	$ (58,386,728)	$ 12,705,167
Balance at end (in shares) at Dec. 31, 2016					20,134,999

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (3,711,738)	$ (2,632,375)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:
Depreciation and amortization	1,912,077	819,604
(Recovery of) Provision for bad debt expense	(1,876)	5,432
Stock based compensation expense	524,841	2,953,969
Deferred tax benefit		(2,392,994)
Amortization of debt issue costs into interest expense	479,340	51,564
Loss on disposal of property and equipment	112,284
Change in fair value of placement rights derivative liability	370,000
Changes in operating assets and liabilities:
Accounts receivable	34,892	(76,205)
Inventory	(1,816,327)	(3,718,347)
Prepaid and other current assets	166,882	669,565
Other assets	13,222	(26,750)
Accounts payable	1,764,824	727,466
Accrued expenses	187,801	(173,297)
Lease termination payable	(5,000)	(10,000)
Deferred revenues	(440,197)	459,400
Net Cash and Cash Equivalents Used In Operating Activities	(408,975)	(3,342,968)
CASH FLOWS FROM INVESTING ACTIVITIES:
Website development costs	(595,528)	(601,404)
Cash paid for acquisition, net of cash acquired		(2,365,859)
Restricted cash	(180,834)	(801,230)
Cash paid to purchase property and equipment	(93,686)	(16,789)
Security deposits	(8,435)
Net Cash and Cash Equivalents Used In Investing Activities	(878,483)	(3,785,282)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from note payable	2,000,000	6,000,000
Payment of capital lease obligations	(3,355)
Cash paid for debt issue costs	(99,551)	(238,721)
Net Cash and Cash Equivalents Provided By Financing Activities	1,897,094	5,761,279
Net Increase (Decrease) in Cash and Cash Equivalents	609,636	(1,366,971)
Cash and Cash Equivalents - Beginning of Period	1,047,786	2,414,757
Cash and Cash Equivalents - End of Period	1,657,422	1,047,786
Cash Paid During the Period for:
Interest	1,018,529	136,858
Taxes
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Adjustment to goodwill for inventory valuation	42,198
Elimination of Placement Rights Derivative Liability	1,500,000
Purchases of property and equipment through capital leases	62,005
Common stock issued in connection with note payable	$ 402,500	725,800
Common stock issued in connection with We Sell Cellular Acquisition		10,388,309
Fair value of Placement Rights in connection with We Sell Cellular acquisition		1,130,000
Common stock issued for services		$ 4,450
Conversion of Series A preferred stock into common stock		10
Conversion of Series B preferred stock into common stock		95
Conversion of Series C preferred stock into common stock		15
Conversion of Series E preferred stock into common stock		10

Organization and Business

Organization and Business	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business	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 (“We Sell Cellular”). 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.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Principals of Consolidation The accompanying consolidated financial statements include the accounts of uSell and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The operating results for We Sell Cellular are included in the consolidated financial statements from the effective date of acquisition of October 26, 2015. 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 The preparation of 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 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 these estimates. 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 market value. Cash equivalents generally consist of money market accounts. 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 $1,600 and $14,300 at December 31, 2016 and 2015 respectively. Inventory, net Inventory, comprised of all finished goods, is stated at the lower of cost (average cost method) or market. Inventory is recorded net of allowances. 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 allowance for slow-moving or obsolete inventory amounted to $115,000 and $0 at December 31, 2016 and 2015, respectively. 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 $221,000 and $133,000 at December 31, 2016 and 2015, respectively, and is included in inventory, net in the accompanying consolidated balance sheets. Property and Equipment Property and equipment represent costs associated with leasehold improvements, software, and computer and office equipment. Property and equipment is stated at cost less accumulated depreciation and amortization. Depreciation on property and equipment is calculated on the straight-line basis over the estimated useful lives of the related assets, which typically range from three to five years. Leasehold improvements are amortized over the shorter of the estimated useful lives or the remaining lease term. Maintenance and repairs are expensed as incurred; expenditures that enhance the value of property or extend their useful lives are capitalized. When assets are sold or returned, the cost and related accumulated depreciation are removed from the accounts and the resulting gain or loss is included in income. Capitalized Technology Costs In accordance with Accounting Standards Codification (“ASC”) 350-40, Internal-Use Software, the Company capitalizes certain external and internal computer software costs incurred during the application development stage. The application development stage generally includes software design and configuration, coding, testing and installation activities. Training and maintenance costs are expensed as incurred, while upgrades and enhancements are capitalized if it is probable that such expenditures will result in additional functionality. Capitalized technology costs are amortized over the estimated useful lives of the software assets on a straight-line basis, generally not exceeding three years. Business Combinations ASC 805, Business Combinations (“ASC 805”), applies the acquisition method of accounting for business combinations to all acquisitions where the acquirer gains a controlling interest, regardless of whether consideration was exchanged. ASC 805 establishes principles and requirements for how the acquirer: a) recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed, and any non-controlling interest in the acquiree; b) recognizes and measures the goodwill acquired in the business combination or a gain from a bargain purchase; and c) determines what information to disclose to enable users of the financial statements to evaluate the nature and financial effects of the business combination. Accounting for acquisitions requires the Company to recognize, separately from goodwill, the assets acquired and the liabilities assumed at their acquisition-date fair values. Goodwill as of the acquisition date is measured as the excess of consideration transferred and the net of the acquisition-date fair values of the assets acquired and the liabilities assumed. While the Company uses its best estimates and assumptions to accurately value assets acquired and liabilities assumed at the acquisition date, the estimates are inherently uncertain and subject to refinement. As a result, during the measurement period, which may be up to one year from the acquisition date, the Company may record adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the consolidated statements of comprehensive loss. Goodwill and Intangible Assets The Company accounts for goodwill and intangible assets in accordance with ASC 350, Intangibles – Goodwill and Other (“ASC 350”). ASC 350 requires that goodwill and other intangibles with indefinite lives should be tested for impairment annually or on an interim basis if events or circumstances indicate that the fair value of an asset has decreased below its carrying value. Goodwill is tested for impairment at the reporting unit level (operating segment or one level below an operating segment) on an annual basis (December 31 for the Company) and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. In evaluating goodwill for impairment, the Company has the option to first assess qualitative factors to determine whether further impairment testing is necessary. Among other relevant events and circumstances that affect the fair value of reporting units, the Company considers individual factors such as macroeconomic conditions, changes in the Company’s industry and the markets in which the Company operates, as well as the Company’s historical and expected future financial performance. If the Company concludes that it is more likely than not that a reporting unit's fair value is less than its carrying value, recoverability of goodwill is evaluated using a two-step process. The first step involves a comparison of the fair value of each of reporting unit with its carrying amount. If a reporting unit’s carrying amount exceeds its fair value, the second step is performed. The second step involves a comparison of the implied fair value and carrying value of that reporting unit’s goodwill. To the extent that a reporting unit’s carrying amount exceeds the implied fair value of its goodwill, an impairment loss is recognized. The valuation of fair value for reporting units is determined based on a discounted future cash flow model that uses six years of projected cash flows and a terminal value based on growth assumptions. Rates used to discount cash flows are dependent upon interest rates and the cost of capital based on the Company’s industry and capital structure, adjusted for equity and size risk premiums based on market capitalization. Estimates of future cash flows are dependent on the Company’s knowledge and experience about past and current events and assumptions about conditions expected to exist, including long-term growth rates, capital requirements and useful lives. The Company’s estimates of cash flows are also based on historical and future operating performance, economic conditions and actions the Company expects to take. In making its assessments of fair value, the Company relies on its knowledge and experience about past and current events and assumptions about conditions expected to exist in the future. These assumptions are based on a number of factors, including future operating performance, economic conditions, actions the Company expects to take and present value techniques. There are inherent uncertainties related to these factors and management’s judgment in applying them to the analysis of goodwill impairment. It is possible that assumptions underlying the impairment analysis will change in such a manner that impairment in value may occur in the future. There was no impairment of goodwill as of December 31, 2016 and 2015. Intangible assets represent customer relationships and trade names/trademarks related to We Sell Cellular. Finite lived assets are amortized on a straight-line basis over the estimated useful lives of the assets. Indefinite lived intangible assets are not amortized, but instead are subject to annual impairment evaluation. The Company periodically reviews the carrying values of its intangible assets and other long-lived assets when events or changes in circumstances indicate that it is more likely than not that their carrying values may exceed their fair values, and records an impairment charge when considered necessary. When circumstances indicate that an impairment of value may have occurred, the Company tests such assets for recoverability by comparing the estimated undiscounted future cash flows expected to result from the use of such assets and their eventual disposition to their carrying amounts. If the undiscounted future cash flows are less than the carrying amount of the asset, an impairment loss, measured as the excess of the carrying amount of the asset over its estimated fair value, is recognized. The cash flow estimates used in such calculations are based on estimates and assumptions, using all available information that management believes is reasonable. Fair value, for purposes of calculating impairment, is measured based on estimated future cash flows, discounted at a market rate of interest. During the years ended December 31, 2016 and 2015, the Company noted no indicators of impairment. Debt Issue Costs Debt issuance costs incurred in connection with the Company’s debt are capitalized and amortized as interest expense over the term of the related debt. In accordance with Accounting Standards Update (“ASU”) No. 2015-03, “Interest—Imputation of Interest,” the Company presents debt issuance costs as a reduction from the carrying amount of debt. Convertible Instruments The Company reviews all of its convertible instruments for the existence of an embedded conversion feature which may require bifurcation, if certain criteria are met. These criteria include circumstances in which: a) The economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, b) The hybrid instrument that embodies both the embedded derivative instrument and the host contract is not remeasured at fair value under otherwise applicable GAAP with changes in fair value reported in earnings as they occur, and c) A separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument subject to certain requirements (except for when the host instrument is deemed to be conventional). A bifurcated derivative financial instrument may be required to be recorded at fair value and adjusted to market at each reporting period end date. In addition, the Company may be required to classify certain stock equivalents issued in connection with the underlying debt instrument as derivative liabilities. For convertible instruments that the Company has determined should not be bifurcated from their host instruments, the Company records discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt to their earliest date of redemption. Also when necessary, the Company records deemed dividends for the intrinsic value of conversion options embedded in preferred shares based upon the differences between the fair value of the underlying common stock at the commitment date of the financing transaction and the effective conversion price embedded in the preferred shares. Finally, if necessary, the Company will determine the existence of liquidated damage provisions. Liquidated damage provisions are not marked to market, but evaluated based upon the probability that a related liability should be recorded. Common Stock Purchase Warrants and Derivative Financial Instruments The Company reviews any common stock purchase warrants and other freestanding derivative financial instruments at each balance sheet date and classifies them on the consolidated balance sheet as: a) Equity if they (i) require physical settlement or net-share settlement, or (ii) gives the Company a choice of net-cash settlement or settlement in its own shares (physical settlement or net-share settlement), or b) Assets or liabilities if they (i) require net-cash settlement (including a requirement to net cash settle the contract if an event occurs and if that event is outside the Company’s control), or (ii) give the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement). The Company assesses classification of its common stock purchase warrants and other freestanding derivatives at each reporting date to determine whether a change in classification between assets and liabilities is required. The Company determined that its outstanding common stock purchase warrants satisfied the criteria for classification as equity instruments at December 31, 2016 and 2015. The Company also determined that the Placement Rights satisfied the criteria for classification as derivative financial instruments at December 31, 2015 (see Note 3). Contingent Consideration The Company recognizes the acquisition-date fair value of contingent consideration as part of the consideration transferred in exchange for the acquiree or assets of the acquiree in a business combination. The contingent consideration is classified as either a liability or equity in accordance with ASC 480-10, “Accounting for Certain Financial Instruments with Characteristics of Both Liabilities and Equity.” If classified as a liability, the liability is remeasured to fair value at each subsequent reporting date until the contingency is resolved. Increases in fair value are recorded as losses, while decreases are recorded as gains. If classified as equity, contingent consideration is not remeasured and subsequent settlement is accounted for within equity. 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, 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 days of shipment if the product is defective. Allowances for product returns are recorded as a reduction of sales at the time revenue is recognized based on historical data. The estimate of the allowance for product returns amounted to approximately $130,000 and $197,000 at December 31, 2016 and 2015, respectively, and is recorded in accrued expenses in the accompanying consolidated balance sheets. 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, the seller will ship their 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 Costs The Company follows the provisions of ASC Topic 605-45 regarding shipping and handling costs. Shipping and handling costs included in cost of revenue were approximately $519,000 and $116,000 for the years ended December 31, 2016 and 2015, respectively. Advertising Advertising costs are expensed as they are incurred and are included in sales and marketing expenses. Advertising expense amounted to approximately $50,000 and $1,324,000 for the years ended December 31, 2016 and 2015, respectively. Share-Based Payment Arrangements The Company accounts for stock options in accordance with ASC 718, “Compensation - Stock Compensation.” ASC 718 requires generally that all equity awards be accounted for at their “fair value.” This fair value is measured on the grant date for stock-settled awards, and at subsequent exercise or settlement for cash-settled awards. Fair value is equal to the underlying value of the stock for “full-value” awards such as restricted stock and performance shares, and is estimated using an option-pricing model with traditional inputs for “appreciation” awards such as stock options and stock appreciation rights. Costs equal to these fair values are recognized ratably over the requisite service period based on the number of awards that are expected to vest, or in the period of grant for awards that vest immediately and have no future service condition. For awards that vest over time, cumulative adjustments in later periods are recorded to the extent actual forfeitures differ from the Company’s initial estimates: previously recognized compensation cost is reversed if the service or performance conditions are not satisfied and the award is forfeited. The expense resulting from share-based payments is recorded in general and administrative expense in the accompanying consolidated statements of operations. Subsequent modifications to outstanding awards result in incremental cost if the fair value is increased as a result of the modification. Thus, a value-for-value stock option repricing or exchange of awards in conjunction with an equity restructuring does not result in additional compensation cost. Income Taxes The Company complies with the accounting and reporting requirements of ASC Topic 740, “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. There were no unrecognized tax benefits as of December 31, 2016. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company may be subject to potential income tax examinations by federal or state authorities. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with federal and state tax laws. Management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. The Company’s policy for recording interest and penalties associated with audits is to record such expense as a component of income tax expense. There were no amounts accrued for penalties or interest as of December 31, 2016. 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 December 31, 2016 and 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 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. 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 and 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. The computation of diluted EPS excludes the common stock equivalents of the following potentially dilutive securities because their inclusion would be anti-dilutive: Year Ended December 31, 2016 2015 Unvested Restricted Stock 226,666 356,662 Unvested Restricted Stock Units 743,020 475,000 Stock Warrants 801,250 802,520 Stock Options 434,998 575,685 2,205,934 2,209,867 Recent Accounting Pronouncements 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 will adopt the standard on January 1, 2018, using the full retrospective transition method, which may result in a cumulative-effect adjustment for deferred revenue to the opening balance sheet for 2016 and the restatement of the financial statements for all prior periods presented. The Company continues to evaluate the impact of adoption of this standard on its consolidated financial statements and disclosures. In July 2015, the FASB issued ASU No. 2015-11, “Simplifying the Measurement of Inventory” simplifying the measurement of inventory . 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 year ended December 31, 2016, as described in Note 3. In February 2016, the FASB issued ASU No. 2016-02, “Leases” (“ASU 2016-02”) . In March 2016, the FASB issued ASU No. 2016-08, “Revenue from contracts with customers (Topic 606): Principal versus Agent Considerations Reporting Revenue Gross versus Net” (“ASU 2014-09”). The amendments are intended to improve the operability and understandability of the implementation guidance on principal versus agent considerations by amending certain existing illustrative examples and adding additional illustrative examples to assist in the application of the guidance. The effective date and transition of these amendments is the same as the effective date and transition of ASU 2014-09. Public entities should apply the amendments in ASU 2014-09 for annual reporting periods beginning after December 15, 2017, including interim reporting periods therein. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting” (“ASU 2016-09”). ASU 2016-09 was issued as part of the FASB’s simplification initiative and affects all entities that issue share-based payment awards to their employees. The amendments in this update cover such areas as the recognition of excess tax benefits and deficiencies, the classification of those excess tax benefits on the statement of cash flows, an accounting policy election for forfeitures, the amount an employer can withhold to cover income taxes and still qualify for equity classification and the classification of those taxes paid on th

Acquisition

Acquisition	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Acquisition	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% of the outstanding stock of BST, which owns 100% of the membership interests of We Sell Cellular. In exchange for acquiring 100% of the outstanding stock of BST, the Company issued the Tepfers 9,358,837 shares of the Company’s common stock, subject to adjustment as described below. In accordance with the SPA, if the Tepfers elected to sell shares of the Company’s common stock, the Company would 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 in gross proceeds (together and not each) through private placements or public offerings, with target sales of $1,500,000 quarterly, commencing with the quarter ending December 31, 2015 (the “Placement Rights”). If the price per share received by the Tepfers was less than the greater of $1.20 or the product of an EBITDA-based formula, the Company would have been required to issue the Tepfers additional shares of common stock. The Tepfers did not elect to sell shares of common stock during the quarter ending December 31, 2015 and the year ended December 31, 2016. The fair value of the Placement Rights was determined assuming the Tepfers sold their shares of common stock evenly over four quarters, as permitted under the SPA. Accordingly, the Placement Rights were valued as if they expired on the dates the shares of common stock were 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 were treated as a derivative liability in the accompanying consolidated balance sheet because the Company was unable to determine if it would have sufficient authorized and unissued shares to deliver to the Tepfers. On July 27, 2016, the Company entered into an agreement with the Tepfers pursuant to which, effective July 1, 2016, the Tepfers agreed to waive the Placement Rights granted to them under the SPA. Accordingly, the derivative liability pertaining to the Placement Rights was eliminated with a corresponding credit to additional paid in capital (see Note 10). 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 restricted stock units which can be granted to employees of We Sell Cellular designated by the Tepfers. 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. Total revenues and income from operations since the date of the We Sell Cellular acquisition, included in the consolidated statement of operations for the year ended December 31, 2015, were approximately $17,646,000 and $55,000, respectively. During the year ended December 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 during the year ended December 31, 2016. 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. 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. Year Ended Revenues $ 78,563,161 Loss from operations $ (2,516,609 ) Net loss $ (3,867,598 ) Basic and diluted loss per share $ (0.20 ) Weighted average shares outstanding – basic and diluted 19,277,511

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 4 - Property and Equipment Property and equipment consists of the following at December 31, 2016 and 2015: 2016 2015 Machinery and Equipment $ 89,690 $ 73,256 Leasehold Improvements 139,254 120,333 Computer Software 21,564 21,564 Furniture and Fixtures 5,645 5,645 256,153 220,798 Less: Accumulated Depreciation (64,196 ) (27,555 ) Property and Equipment, Net $ 191,957 $ 193,243 Depreciation expense on property and equipment amounted to $45,000 and $15,000 for the years ended December 31, 2016 and 2015, respectively.

Intangible Assets, Net

Intangible Assets, Net	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, Net	Note 5 – Intangible Assets, Net Intangible assets, net is as follows: December 31, 2016 Useful Lives (Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Trade Name 7 $ 2,622,000 $ (436,996 ) $ 2,185,004 Customer Relationships 5 2,008,000 (468,538 ) 1,539,462 eBay Reputation Relationship 1 369,000 (369,000 ) - Non-Compete Agreement 1 283,000 (283,000 ) - Intangible assets, net $ 5,282,000 $ (1,557,534 ) $ 3,724,466 December 31, 2015 Useful Lives (Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Trade Name 7 $ 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 Intangible assets are amortized on a straight-line basis over their estimated useful lives. Amortization expense amounted to $1,319,000 and $238,000 for the years ended December 31, 2016 and 2015, respectively. Future annual estimated amortization expense is summarized as follows: Years ending December 31, 2017 $ 776,171 2018 776,171 2019 776,171 2020 709,233 2021 374,571 Thereafter 312,149 $ 3,724,466

Capitalized Technology, Net

Capitalized Technology, Net	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Capitalized Technology, Net	Note 6 – Capitalized Technology, Net Capitalized technology consists of the following at December 31, 2016 and 2015: 2016 2015 Gross value $ 3,171,414 $ 2,575,886 Accumulated amortization (2,237,221 ) (1,689,343 ) Net value $ 934,193 $ 886,543 Capitalized technology is amortized on a straight-line basis over their estimated useful lives of three years. Amortization expense amounted to $548,000 and $567,000 for the years ended December 31, 2016 and 2015, respectively, and is included in cost of revenue. Future annual estimated amortization expense is summarized as follows: Years ending December 31, 2017 $ 519,680 2018 302,618 2019 111,895 $ 934,193

Promissory Notes

Promissory Notes	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Promissory Notes	Note 7 - Promissory Notes At December 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 (965,668 ) Total Notes, net of unamortized discount and debt issue costs 7,114,332 Less: Current portion of Notes 673,332 Long-term Notes $ 6,441,000 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 “BAM NPA”) pursuant to which the Company issued and sold the Purchaser a 1% original issue discount Secured Term Note in the aggregate principal amount of $4,040,000 (the “Initial Note”) in exchange for gross proceeds of $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% original issue discount Secured Term Note (the “Deferred Draw Notes,” and with the “Initial Note,” the “Notes”). The BAM NPA provided that the Company could elect to receive a total of another $4,000,000 under the Deferred Draw Notes in compliance with the covenants under the BAM NPA. The proceeds of the Notes could be used for working capital and other general corporate purposes. The Notes was to mature three years from the Note Closing Date and accrued interest at 13.25% 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 1/48 th In connection with the issuance of the Initial Note, the Company issued the Purchaser 740,000 shares of its common stock. On December 1, 2015, the Company elected to borrow an additional $2,000,000 and issued the Purchaser a Deferred Draw Note in the principal amount of $2,020,000 and issued the Purchaser an additional 120,000 shares of common stock. The Company maintained a dedicated bank account with a third party custodian pursuant to which all accounts receivable and Collateral proceeds (as defined in the BAM NPA) were deposited to this account. The Company could only access funds in this account in accordance with the terms of the BAM NPA. This account was controlled by BAM and is presented as restricted cash in the accompanying consolidated balance sheets. On March 30, 2016, the Company received $2,000,000 in connection with the issuance of a Secured Term Note in the original principal amount of $2,020,000 (the “Second Deferred Draw Note”) under the terms of the Company’s original BAM NPA. In connection with the closing of the Second Deferred Draw Note, the Purchaser was issued an additional 350,000 shares of restricted common stock, consisting of the 120,000 shares required by the original BAM NPA for the issuance of the Second Deferred Draw Note, and an additional 230,000 shares as consideration for the covenant modifications referenced below. The Company paid an additional $31,000 of costs in connection with the closing of the Second Deferred Draw Note. On March 31, 2016, the Company amended the terms of its BAM NPA with BAM, and the Purchaser, pursuant to which the Company received the following modifications of covenants applicable to the credit facility: • The EBITDA covenants would not apply until September 2017; • The amortization period of the principal would 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 would get 75% credit for new purchase orders towards the borrowing base of the facility instead of the previous 50%; and • The Company would 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 were not substantially different. Accordingly, the Company did not treat the original BAM NPA as having been extinguished and exchanged for a new BAM NPA. The Company determined the value of the 1,210,000 shares of common stock issued to the Purchaser to be $1,128,300, based upon the quoted closing trading price of the Company’s common stock on the date of grant. The issuance of the 1,210,000 shares of common stock has been treated as a debt issue cost and, accordingly, has been recorded as a direct deduction from the carrying amount of Notes and was being amortized to interest expense over the contractual term of the Notes. During the years ended December 31, 2016 and 2015, accretion of the costs amounted to $360,000 and 36,000, respectively. The Company recorded a discount on the Notes of $80,000 which was being accreted to non-cash interest expense over the contractual term of the Notes. During the years ended December 31, 2016 and 2015, accretion of the discount amounted to $26,000 and $3,000, respectively. Contractual interest expense on the Notes amounted to $1,019,000 and $172,000 for the years ended December 31, 2016 and 2015, respectively. The Company incurred fees associated with the closing of the Notes of $288,000. These amounts were treated as a debt issue cost and, accordingly, have been recorded as a direct deduction from the carrying amount of Notes and were being amortized to interest expense over the contractual term of the Notes. During the years ended December 31, 2016 and 2015, accretion of the fees amounted to $93,000 and $13,000, respectively. On January 13, 2017, the Company entered into a Note Purchase Agreement (the “NPA”) with an institutional investor (the “Investor,” the “Lender” or the “Manager”) pursuant to which the Company issued the Lender a secured term note in the principal amount of $8,660,000 at an original issue discount of 1%, for gross proceeds of $8,572,400 (the “2017 Note”). The Company applied the proceeds received upon the issuance of the 2017 Note to repay all amounts outstanding under the BAM NPA. At the time of repayment, amounts of principal outstanding under the BAM NPA were $8,080,000, with accrued interest and fees bringing the total payoff amount to $8,140,296 (see Note 16).

Capital Lease Obligations

Capital Lease Obligations	12 Months Ended
	Dec. 31, 2016
Leases [Abstract]
Capital Lease Obligations	Note 8 – Capital Lease Obligations We are obligated under a capital lease under which the aggregate present value of the minimum lease payments amounted to $55,000. The present value of the minimum lease payments was calculated using a discount rate of 8.64%. The future minimum lease payments under the capital lease at December 31, 2016 is as follows: Years ending December 31, 2017 $ 15,316 2018 15,316 2019 15,316 2020 15,316 2021 10,211 71,475 Less: Amounts representing interest 12,825 Principal portion 58,650 Less: Current portion 10,664 Capital lease obligations, net of current portion $ 47,986 The capital lease obligations are collateralized by underlying property and equipment. As of December 31, 2016, the gross amount of property and equipment under non-cancelable capital leases was $62,000 and the amount of accumulated amortization was $3,100.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 9 - Commitments and Contingencies Management Incentive Compensation Plan On July 27, 2016, the Company adopted its Management Incentive Compensation Plan (the “Incentive Plan”). The Incentive Plan provides that each quarter that the Company meets certain gross EBITDA thresholds, participants will be eligible to receive quarterly bonuses. The Incentive Plan is effective through September 2018. The Incentive Plan provides for minimum bonus eligibility thresholds set at quarterly gross EBITDA levels that ensure that the Company will remain cash-flow positive and in compliance with all debt covenants over the term after payment of bonuses. If the Company does not meet the minimum EBITDA threshold in a given quarter, no bonus is payable under the Incentive Plan for that quarter. Bonuses will be subject to adjustment in the event the Company’s year-end audit results in restatement of a prior quarter’s EBITDA. As of December 31, 2016, a total of $104,183 was earned under the Incentive Plan, of which $52,092 has been paid and $52,091 is included in accrued expenses. Private Sale of Common Stock On December 22, 2016, Brian Tepfer and Scott Tepfer each sold 500,000 shares of the Company’s common stock at $1.00 per share to an investment fund (the “Purchaser”) and each issued to the Purchaser a five-year option to purchase an additional 500,000 shares of the Company’s common stock at $1.00 per share. The securities were sold in a private transaction which was initiated by an investment fund that has investment power on behalf of the Purchaser. As an inducement to the Purchaser, the Company granted demand and piggy back registration rights to the Purchaser and another shareholder of the Company over which the investment fund exercises investment power. If the registration rights are exercised, the two investment funds will pay the legal and other expenses of the Company. 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 September 2021. 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 $235,000 and $100,000 for the years ended December 31, 2016 and 2015, respectively, is included in general and administrative expense in the consolidated statements of operations. Future annual minimum payments due under the leases are summarized as follows: Year ended December 31, 2017 $ 323,000 2018 304,000 2019 225,000 2020 232,000 2021 177,000 $ 1,261,000

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Stockholders' Equity	Note 10 – Stockholders’ Equity Convertible Series A Preferred Stock In October 2015, in connection with the We Sell Cellular acquisition, holders of 100,000 shares of the Company’s Convertible Series A Preferred Stock agreed to convert their preferred stock into 100,000 shares of common stock. As a result, there are no shares of Convertible Series A Preferred Stock outstanding as of December 31, 2016 and 2015. Convertible Series B Preferred Stock In October 2015, in connection with the We Sell Cellular acquisition, holders of 951,250 shares of the Company’s Convertible Series B Preferred agreed to convert their preferred stock converted into 60,411 shares of common stock. As a result, there are no shares of Convertible Series B Preferred Stock outstanding as of December 31, 2016 and 2015. Convertible Series C Preferred Stock In October 2015, in connection with the We Sell Cellular acquisition, holders of 146,667 shares of the Company’s Convertible Series C Preferred Stock agreed to convert their preferred stock into 146,667 shares of common stock. As a result, there are no shares of Convertible Series C Preferred Stock outstanding as of December 31, 2016 and 2015. Series E Preferred Stock In October 2015, in connection with the We Sell Cellular acquisition, holders of 103,232 shares of the Company’s Convertible Series E Preferred Stock agreed to convert their preferred stock into 103,232 shares of common stock. As a result, there are no shares of Convertible Series E Preferred Stock outstanding as of December 31, 2016 and 2015. Common Stock On March 16, 2015, the Company filed a Certificate of Correction pursuant to which the number of authorized shares of the Company’s common stock was decreased from 650,000,000 shares to 43,333,333 shares to properly reflect the Company’s 1-for-15 reverse stock split on January 21, 2014. The par value remained the same. All share and per share amounts have been retroactively restated to reflect the reverse stock split.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Note 12 - Stock-Based Compensation Stock Option Grants On January 6, 2016 and April 14, 2016, the Company amended its 2008 Equity Incentive Plan (the “Plan”) to increase the number of authorized shares of common stock under the Plan by 290,000 shares and 200,000 shares, respectively. The Company is now authorized to issue 1,582,023 shares under the Plan. The Plan is administered by the board of directors. Under the Plan, the board of directors is authorized to grant awards to employees, consultants and any other persons to whom the Plan is applicable and to determine the number and types of such awards and the terms, conditions, vesting and other limitations applicable to each such award. The Plan provides for the issuance of both incentive stock options (“ISO’s”) and non-qualified stock options (“NQO’s”). ISO’s can only be granted to employees and NQO’s can be granted to directors, officers, employees, consultants, independent contractors and advisors. As of December 31, 2016, there were 365,188 shares of common stock available for issuance under the Plan. The fair value of options is estimated on the date of grant using the Black-Scholes option pricing model. The valuation determined by the Black-Scholes pricing model is affected by the Company’s stock price as well as assumptions regarding a number of highly complex and subjective variables. These variables include, but are not limited to, expected stock price volatility over the term of the awards, and actual and projected employee stock option exercise behaviors. The risk free rate is based on the U.S. Treasury rate for the expected life at the time of grant, volatility is based on the average of the Company's long-term implied volatility, the expected life is based on the estimated average of the life of options using the simplified method, and forfeitures are estimated on the date of grant based on certain historical data. The Company utilizes the simplified method to determine the expected life of its options due to insufficient exercise activity during recent years as a basis from which to estimate future exercise patterns. The expected dividend assumption is based on the Company’s history and expectation of dividend payouts. Forfeitures are required to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. During the year ended December 31, 2015, the Company granted 121,000 stock options to employees for future services. These options had a fair value of $79,000, using the Black-Scholes option pricing model with the following assumptions: Risk-free interest rate 1.12% – 1.47 % Expected dividend yield 0 % Expected volatility 61.89% - 99.21 % Expected term 3.75 years The options are exercisable over a five-year term and vest over four years. The Company recorded $16,000 and $26,000 during the years ended December 31, 2016 and 2015, respectively, as compensation expense pertaining to these grants. In connection with the We Sell Cellular acquisition, on October 26, 2015, the Company determined to accelerate the vesting of stock options previously granted to employees and, therefore, recognized the remaining value of the stock options in the amount of $330,000. During the year ended December 31, 2016, the Company granted 10,000 stock options to an employee for future services. These options had a fair value of $8,800, using the Black-Scholes option pricing model with the following assumptions: Risk-free interest rate 0.94 % Expected dividend yield 0 % Expected volatility 166.35 % Expected term 3.5 years The options are exercisable over a five-year term and vest over three years. The Company recorded $2,000 during the year end December 31, 2016, as compensation expense pertaining to these grants. The following table summarizes the Company’s stock option activity for the year ended December 31, 2016: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life (in Years) Aggregate Intrinsic Value Outstanding - December 31, 2015 575,685 $ 2.75 3.0 $ 1,509 Granted 10,000 1.00 Exercised - - Forfeited or Canceled (150,687 ) 3.10 Outstanding – December 31, 2016 434,998 $ 2.59 1.7 $ - Exercisable – December 31, 2016 389,997 $ 2.74 1.4 $ - The Company recorded non-cash compensation expense of $18,000 and $543,000 for the year ended December 31, 2016 and 2015, respectively, pertaining to stock option grants. The weighted-average grant date fair value of options granted during the years ended December 31, 2016 and 2015 was $0.88 and $0.65, respectively. Total unrecognized compensation expense related to unvested stock options at December 31, 2016 amounts to $37,000 and is expected to be recognized over a weighted average period of 2.0 years. The following table summarizes the Company’s stock option activity for non-vested options for the year ended December 31, 2016: Number of Options Weighted Average Grant Date Fair Value Balance at December 31, 2015 55,000 $ 0.86 Granted 10,000 0.88 Vested (19,999 ) (0.86 ) Forfeited or Canceled - - Balance at December 31, 2016 45,001 $ 0.86 Warrants As of December 31, 2016 and 2015, there were 801,250 warrants and 802,520 warrants outstanding and exercisable, respectively, with a weighted average exercise price of $3.19 and $3.21 per share, respectively. The weighted average remaining contractual life of the warrants outstanding and exercisable at December 31, 2016 and 2015 was 2.8 and 3.6 years, respectively, and the aggregate intrinsic value was $0. The Company did not grant any warrants to purchase shares of common stock during the years ended December 31, 2016 and 2015. There was no expense pertaining to warrants recorded during the year ended December 31, 2016 and 2015. Restricted Stock Awards On April 1, 2015, the Company granted 5,200 RSUs to its Chief Financial Officer. The RSUs vested monthly over a three-month period through June 30, 2015, subject to continued service on each applicable vesting date. The RSUs have no voting or dividend rights. The fair value of the common stock on the date of grant was $1.03 per share, based upon the closing market price on the grant date. In connection with the We Sell Cellular acquisition, the Company agreed to accelerate the delivery of the RSUs and the Company issued 5,200 shares of common stock. The aggregate grant date fair value of the award amounted to $5,000, which was recorded as compensation expense during the year ended December 31, 2015. On July 1, 2015, the Company granted 5,384 RSUs to its Chief Financial Officer. The RSUs vested monthly over a three-month period through September 30, 2015, subject to continued service on each applicable vesting date. The RSUs have no voting or dividend rights. The fair value of the common stock on the date of grant was $1.25 per share, based upon the closing market price on the grant date. In connection with the We Sell Cellular acquisition, the Company agreed to accelerate the delivery of the RSUs and the Company issued 5,384 shares of common stock. The aggregate grant date fair value of the award amounted to $7,000, which was recorded as compensation expense during the year ended December 31, 2015. On October 1, 2015, the Company granted 8,235 RSUs to its Chief Financial Officer. The RSUs vested monthly over a three-month period through December 31, 2015, subject to continued service on each applicable vesting date. The RSUs have no voting or dividend rights. The fair value of the common stock on the date of grant was $0.76 per share, based upon the closing market price on the grant date. In connection with the We Sell Cellular acquisition, the Company agreed to accelerate the delivery of the RSUs and the Company issued 8,235 shares of common stock. The aggregate grant date fair value of the award amounted to $6,000, which was recorded as compensation expense during the year ended December 31, 2015. As a result of the We Sell Cellular acquisition, on October 26, 2015, the Company granted 150,000 shares of fully vested restricted common stock to each of its Executive Chairman and Chief Executive Officer for services previously provided. The fair value of the common stock on the date of grant was $0.77 per share, based upon the quoted closing trading price of the Company’s common stock on the grant date. The aggregate grant date fair value of the award amounted to $231,000, which was recorded as compensation expense during the year ended December 31, 2015. As a result of the We Sell Cellular acquisition, on October 26, 2015, the Company granted 350,000 RSUs to its Chief Executive Officer. The RSUs vest annually over three years, subject to continued service on each applicable vesting date. The RSUs have no voting or dividend rights. The fair value of the common stock on the date of grant was $0.77 per share, based upon the quoted closing trading price of the Company’s common stock on the grant date. The aggregate grant date fair value of the award amounts to $269,500, which is being recognized as compensation expense over the vesting period. The Company recorded $90,000 and $15,000 of compensation expense during the years ended December 31, 2016 and 2015, respectively, with respect to this award. On December 10, 2015, the Company granted 125,000 RSUs to certain of employees. The RSUs vest quarterly over a three years, subject to continued service on each applicable vesting date. The RSUs have no voting or dividend rights. The fair value of the common stock on the date of grant was $1.28 per share, based upon the quoted closing trading price of the Company’s common stock on the grant date. The aggregate grant date fair value of the award amounts to $160,000, which is being recognized as compensation expense over the vesting period. The Company recorded $53,000 and $4,000 of compensation expense during the years ended December 31, 2016 and 2015, respectively, with respect to this award. On December 10, 2015, the Company granted 475,000 shares of restricted common stock to certain employees, of which 135,000 shares were fully vested on the date of grant. The remaining 340,000 shares of common stock vest quarterly over three years, subject to continued service on each applicable vesting date. The fair value of the common stock on the date of grant was $1.28 per share, based upon the quoted closing trading price of the Company’s common stock on the grant date. The aggregate grant date fair value of the award amounts to $608,000, which is being recognized as compensation expense over the vesting period. The Company recorded $145,000 and $185,000 of compensation expense during the years ended December 31, 2016 and 2015, respectively, with respect to this award. On January 1, 2016, the Company granted 5,208 restricted stock units (“RSUs”) to its Chief Financial Officer. The RSUs vested monthly over a three-month period through March 31, 2016, subject to continued service on each applicable vesting date. The RSUs have no voting or dividend rights. The fair value of the common stock on the date of grant was $1.23 per share, based upon the closing market price on the grant date. The aggregate grant date fair value of the award amounted to $6,000, which was recorded as compensation expense during the year ended December 31, 2016. On January 6, 2016, the Company granted 250,000 RSUs to the directors of the Company’s Board of Directors. The RSUs vest in two equal annual increments, subject to continued service on each vesting date, with the first vesting date being one year from the grant date, and full vesting upon a change in control. The RSUs will be delivered three years from the date of grant. The RSUs have no voting or dividend rights. The fair value of the common stock on the date of grant was $1.23 per share, based upon the closing market price on the grant date. The aggregate grant date fair value of the awards amounted to $308,000. The Company recorded $154,000 of compensation expense during the year ended December 31, 2016 related to this award. On April 1, 2016, the Company granted 6,433 RSUs to its Chief Financial Officer. The RSUs vested monthly over a three-month period through June 30, 2016, subject to continued service on each applicable vesting date. The RSUs have no voting or dividend rights. The fair value of the common stock on the date of grant was $1.15 per share, based upon the closing market price on the grant date. The aggregate grant date fair value of the award amounted to $7,000, which was recorded as compensation expense during the year ended December 31, 2016. On April 18, 2016, the Company granted 7,000 fully vested shares of common stock to an advisor for services provided. The fair value of the common stock on the date of grant was $0.80 per share, based upon the closing market price on the grant date. The aggregate grant date fair value of the award amounted to $5,600, which was recorded as compensation expense during the year ended December 31, 2016. During the quarter ended June 30, 2016, the Company granted an aggregate of 6,000 fully vested shares of common stock to its Chief Financial Officer. The fair value of the common stock on the dates of grant ranged from $0.90 to $1.00 per share, based upon the closing market price on the respective grant dates. The aggregate grant date fair value of the awards amounted to $6,000, which was recorded as compensation expense during the year ended December 31, 2016. During the year ended December 31, 2016, the Company granted 18,000 fully vested shares of common stock to an advisor for services provided. The fair value of the common stock on the dates of grant ranged from $0.51 to $1.00 per share. The aggregate grant date fair value of the award amounted to $16,000, which was recorded as compensation expense during the year ended December 31, 2016. On July 1, 2016, the Company granted 6,379 RSUs to its Chief Financial Officer. The RSUs vested monthly over a three-month period through September 30, 2016, subject to continued service on each applicable vesting date. The RSUs have no voting or dividend rights. The fair value of the common stock on the date of grant was $0.90 per share, based upon the closing market price on the grant date. The aggregate grant date fair value of the award amounted to $6,000, which was recorded as compensation expense during the year ended December 31, 2016. A summary of the restricted stock award activity for the year ended December 31, 2016 is as follows: Number of Unvested Outstanding at December 31, 2015 831,662 Granted 301,020 Forfeited - Vested (339,349 ) Unvested Outstanding at December 31, 2016 793,333 The Company recorded non-cash compensation expense of $507,000 and $2,411,000 for the years December 31, 2016 and 2015, respectively. Total unrecognized compensation expense related to unvested stock awards and unvested restricted stock units at December 31, 2016 amounts to $699,000 and is expected to be recognized over a weighted average period of 1.6 years.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Note 13 - Income Taxes The Company recognizes deferred tax assets and liabilities for both the expected impact of differences between the financial statements and the tax basis of assets and liabilities, and for the expected future tax benefit to be derived from tax losses and tax credit carryforwards. The Company established a valuation allowance to reflect the likelihood of realization of deferred tax assets. The valuation allowance at December 31, 2016 was approximately $8,730,000. The net change in the valuation allowance during the year ended December 31, 2016 was an increase of approximately $404,000. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred income tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based on consideration of these items, management has determined that enough uncertainty exists relative to the realization of the deferred tax asset to warrant the application of a full valuation allowance as of December 31, 2016 and 2015. The Company has a net operating loss carryforward totaling approximately $15,688,000 at December 31, 2016, expiring through 2036. Pursuant to Code Sec. 382 of the Internal Revenue Code, the utilization of net operating loss carryforwards may be limited as a result of a cumulative change in stock ownership of more than 50% over a three year period. The Company underwent such a change and consequently, the utilization of a portion of the net operating loss carryforwards is subject to certain limitations. Temporary differences are approximately as follows: December 31, 2016 2015 Accrued expenses $ 238,000 $ 259,000 Inventory reserve 42,000 - Allowance for doubtful accounts 1,000 6,000 Intangible Assets (1,092,000 ) (2,187,000 ) Fixed Assets (415,000 ) (238,000 ) Charitable Contributions 2,000 2,000 Stock Options 2,811,000 3,466,000 Net operating loss carryover 7,143,000 7,018,000 Deferred tax assets 8,730,000 8,326,000 Less: valuation allowance (8,730,000 ) (8,326,000 ) Net deferred tax assets $ - $ - The actual tax benefit differs from the expected tax benefit for the years ended December 31, 2016 and 2015 (computed by applying the U.S. Federal Corporate income tax rate of 34%) as follows: December 31, 2016 2015 Expected tax benefit $ 1,262,000 $ 1,709,000 State income taxes, net of federal benefit 66,000 353,000 Net operating loss adjustment due to Section 382 limitation - (5,346,000 ) Permanent items (416,000 ) (650,000 ) Change in tax rate (200,000 ) 537,000 True-up (308,000 ) 887,000 Change in valuation allowance (404,000 ) 4,903,000 Actual tax benefit $ - $ 2,393,000

Customer and Vendor Concentrati

Customer and Vendor Concentrations	12 Months Ended
	Dec. 31, 2016
Risks and Uncertainties [Abstract]
Customer and Vendor Concentrations	Note 14 – Customer and Vendor Concentrations Customer Concentration During the year ended December 31, 2016 and 2015, there were no customers that represented at least 10% of revenues. During the year ended December 31, 2016 and 2015, 64% and 58% of the Company’s revenues, respectively, were originated in the United States, 22% and 24% of the Company’s revenues, respectively, were originated in Europe and 12% and 18% of the Company’s revenues were originated in Hong Kong. At December 31, 2016, two customers represented at least 10% of accounts receivable, accounting for 22% and 15% of the Company’s accounts receivable. At December 31, 2015, there were no customers that represented at least 10% of accounts receivable. Vendor Concentration During the year ended December 31, 2016 and 2015, one vendor represented at least 10% of purchases, accounting for 72% and 94% of the Company’s purchases, respectively. At December 31, 2016, one vendor represented at least 10% of accounts payable, accounting for 52% of accounts payable. At December 31, 2015, one vendor represented at least 10% of accounts payable, accounting for 40%, of the Company’s accounts payable.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 15 - 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. The following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis at December 31, 2016 and 2015, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value: December 31, Description Level 2016 2015 Liabilities: Placement Right Derivative Liability 3 $ - $ 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 December 31, 2016 and 2015, there were no transfers in or out of Level 3 from other levels in the fair value hierarchy. The placement right liability was valued using the Black-Scholes option pricing model and the following assumptions on the following dates: July 1, 2016 December 31, 2015 Exercise price $ 1.20 $ 1.20 Stock price $ 0.90 $ 1.11 Expected life 0 years 0.18-0.93 years Risk-free interest rate 0.26 % 0.02%-0.25 % Dividend yield 0.00 % 0.00 % Volatility 1 % 59 % The following table reflects the change in fair value of the Company’s derivative liability for the year ended December 31, 2016: Balance – January 1, 2015 $ 1,130,000 Change in fair value of placement right liability 370,000 Elimination of placement right liability (1,500,000 ) Balance – December 31, 2016 $ - As discussed in Note 3, on July 27, 2016, the Company entered into an agreement with the Tepfers pursuant to which, effective July 1, 2016, the Tepfers agreed to waive the Placement Rights granted to them under the SPA. Accordingly, the Company recorded an expense of $370,000 during the year ended December 31, 2016, representing the change in the fair value of the derivative liability pertaining to the Placement Rights through July 1, 2016 and, as the derivative liability was eliminated on July 1, 2016, recorded $1,500,000 as additional paid in capital.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	Note 16 – 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. Special Purpose Entity On the January 13, 2017 (the “Closing Date”), the Company and the Manager formed a special purpose entity as a Delaware limited liability company (the “SPE”), for the purpose of purchasing, refurbishing, repairing and reselling cell phones, smart phones, tablets and related accessories. The Manager is the sole manager of the SPE. The Manager invested $5,200,000 in equity in exchange for a membership interest. Of this sum, $5,000,000 will be used by the SPE for the purchase of approved inventory. As further detailed in the Services Agreement entered into between the Company and the SPE on the Closing Date, the Company will provide all administrative and inventory management services necessary to the SPE’s daily operations. uSell and its personnel will not be compensated for providing services to the SPE, and uSell will generally be responsible for the costs of providing services to the SPE. However, the SPE will be responsible for costs directly related to acquiring and refurbishing the SPE’s inventory, shipping, certain tax accounting fees approved by the Manager, and other costs. The Services Agreement allows uSell to purchase inventory for its account and not for the SPE’s account until uSell has no available capital to purchase inventory. In exchange for its future services, uSell received its membership interest in the SPE. Profits from the SPE will be distributed to the Manager and to uSell based on certain return thresholds. Note Purchase Agreement and Secured Term Note On the Closing Date, the Company entered into an NPA with the Lender (in Lender’s capacity as a purchaser and as the agent (the “Agent”) for all purchasers from time to time party to the NPA), pursuant to which the Company issued the Lender a secured term note in the principal amount of $8,660,000 at an original issue discount of 1%, for gross proceeds of $8,572,400 (the “2017 Note”). The 2017 Note matures three years from issuance and bears interest at an annual rate of 13.25%, which interest is due and payable monthly in arrears. In addition, the Company paid the Lender a fee equal to 2% of the aggregate original principal amount of the 2017 Note and will pay the Lender a monthly maintenance fee based on an annual rate of 0.75% of the aggregate original principal amount of the 2017 Note. The 2017 Note is prepayable after 18 months with a 3% prepayment penalty. The 2017 Note contains customary financial covenants. In connection with the issuance of the 2017 Note, the Company granted the Lender a right of first refusal to participate in future financings (with certain exceptions) for as long as the principal balance of the 2017 Note remains outstanding. The Company applied the proceeds received upon the issuance of the 2017 Note to repay all amounts outstanding under the BAM NPA. Security Agreements, Subsidiary Guaranty and Pledge Agreement In connection with the execution of the NPA and issuance of the 2017 Note, the Company entered into a Security Agreement for the benefit of the Lender and Agent. Pursuant to the Security Agreement, the Company granted the Agent (for the benefit of the Lender) a lien on all of the Company’s respective assets, including, but not limited to, equipment, inventory, accounts, and intellectual property. The wholly-owned subsidiaries which are parties to the Security Agreement also jointly and severally guaranteed payment and performance of all obligations under the 2017 Note and related debt transaction documents. The Company also entered into a Trademark Security Agreement with the Lender incorporating the terms of the Security Agreement with respect to the Company’s trademark-related collateral. As additional collateral to guarantee the 2017 Note and related obligations, the Company also entered into a Pledge Agreement for the benefit of the Agent pursuant to which the Company pledged the equity interests of certain of its wholly-owned subsidiaries and the Company pledged its equity interest in the SPE. In connection with the above, the Management Agreement effective as of October 1, 2015 by and among the Company, Nik Raman, Brian Tepfer, Scott Tepfer, and Daniel Brauser, uSell’s Executive Chairman, was amended to clarify that nothing in the Management Agreement precludes the Agent’s ability to exercise its remedies as a secured creditor party under the 2017 Note and related agreements.

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).
Principals of Consolidation	Principals of Consolidation The accompanying consolidated financial statements include the accounts of uSell and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The operating results for We Sell Cellular are included in the consolidated financial statements from the effective date of acquisition of October 26, 2015.
Segment Information	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	Use of Estimates The preparation of 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 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 these estimates.
Cash and Cash Equivalents	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 market value. Cash equivalents generally consist of money market accounts.
Accounts Receivable	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 $1,600 and $14,300 at December 31, 2016 and 2015 respectively.
Inventory, net	Inventory, net Inventory, comprised of all finished goods, is stated at the lower of cost (average cost method) or market. Inventory is recorded net of allowances. 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 allowance for slow-moving or obsolete inventory amounted to $115,000 and $0 at December 31, 2016 and 2015, respectively. 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 $221,000 and $133,000 at December 31, 2016 and 2015, respectively, and is included in inventory, net in the accompanying consolidated balance sheets.
Property and Equipment	Property and Equipment Property and equipment represent costs associated with leasehold improvements, software, and computer and office equipment. Property and equipment is stated at cost less accumulated depreciation and amortization. Depreciation on property and equipment is calculated on the straight-line basis over the estimated useful lives of the related assets, which typically range from three to five years. Leasehold improvements are amortized over the shorter of the estimated useful lives or the remaining lease term. Maintenance and repairs are expensed as incurred; expenditures that enhance the value of property or extend their useful lives are capitalized. When assets are sold or returned, the cost and related accumulated depreciation are removed from the accounts and the resulting gain or loss is included in income.
Capitalized Technology Costs	Capitalized Technology Costs In accordance with Accounting Standards Codification (“ASC”) 350-40, Internal-Use Software, the Company capitalizes certain external and internal computer software costs incurred during the application development stage. The application development stage generally includes software design and configuration, coding, testing and installation activities. Training and maintenance costs are expensed as incurred, while upgrades and enhancements are capitalized if it is probable that such expenditures will result in additional functionality. Capitalized technology costs are amortized over the estimated useful lives of the software assets on a straight-line basis, generally not exceeding three years.
Business Combinations	Business Combinations ASC 805, Business Combinations (“ASC 805”), applies the acquisition method of accounting for business combinations to all acquisitions where the acquirer gains a controlling interest, regardless of whether consideration was exchanged. ASC 805 establishes principles and requirements for how the acquirer: a) recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed, and any non-controlling interest in the acquiree; b) recognizes and measures the goodwill acquired in the business combination or a gain from a bargain purchase; and c) determines what information to disclose to enable users of the financial statements to evaluate the nature and financial effects of the business combination. Accounting for acquisitions requires the Company to recognize, separately from goodwill, the assets acquired and the liabilities assumed at their acquisition-date fair values. Goodwill as of the acquisition date is measured as the excess of consideration transferred and the net of the acquisition-date fair values of the assets acquired and the liabilities assumed. While the Company uses its best estimates and assumptions to accurately value assets acquired and liabilities assumed at the acquisition date, the estimates are inherently uncertain and subject to refinement. As a result, during the measurement period, which may be up to one year from the acquisition date, the Company may record adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the consolidated statements of comprehensive loss.
Goodwill and Intangible Assets	Goodwill and Intangible Assets The Company accounts for goodwill and intangible assets in accordance with ASC 350, Intangibles – Goodwill and Other (“ASC 350”). ASC 350 requires that goodwill and other intangibles with indefinite lives should be tested for impairment annually or on an interim basis if events or circumstances indicate that the fair value of an asset has decreased below its carrying value. Goodwill is tested for impairment at the reporting unit level (operating segment or one level below an operating segment) on an annual basis (December 31 for the Company) and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. In evaluating goodwill for impairment, the Company has the option to first assess qualitative factors to determine whether further impairment testing is necessary. Among other relevant events and circumstances that affect the fair value of reporting units, the Company considers individual factors such as macroeconomic conditions, changes in the Company’s industry and the markets in which the Company operates, as well as the Company’s historical and expected future financial performance. If the Company concludes that it is more likely than not that a reporting unit's fair value is less than its carrying value, recoverability of goodwill is evaluated using a two-step process. The first step involves a comparison of the fair value of each of reporting unit with its carrying amount. If a reporting unit’s carrying amount exceeds its fair value, the second step is performed. The second step involves a comparison of the implied fair value and carrying value of that reporting unit’s goodwill. To the extent that a reporting unit’s carrying amount exceeds the implied fair value of its goodwill, an impairment loss is recognized. The valuation of fair value for reporting units is determined based on a discounted future cash flow model that uses six years of projected cash flows and a terminal value based on growth assumptions. Rates used to discount cash flows are dependent upon interest rates and the cost of capital based on the Company’s industry and capital structure, adjusted for equity and size risk premiums based on market capitalization. Estimates of future cash flows are dependent on the Company’s knowledge and experience about past and current events and assumptions about conditions expected to exist, including long-term growth rates, capital requirements and useful lives. The Company’s estimates of cash flows are also based on historical and future operating performance, economic conditions and actions the Company expects to take. In making its assessments of fair value, the Company relies on its knowledge and experience about past and current events and assumptions about conditions expected to exist in the future. These assumptions are based on a number of factors, including future operating performance, economic conditions, actions the Company expects to take and present value techniques. There are inherent uncertainties related to these factors and management’s judgment in applying them to the analysis of goodwill impairment. It is possible that assumptions underlying the impairment analysis will change in such a manner that impairment in value may occur in the future. There was no impairment of goodwill as of December 31, 2016 and 2015. Intangible assets represent customer relationships and trade names/trademarks related to We Sell Cellular. Finite lived assets are amortized on a straight-line basis over the estimated useful lives of the assets. Indefinite lived intangible assets are not amortized, but instead are subject to annual impairment evaluation. The Company periodically reviews the carrying values of its intangible assets and other long-lived assets when events or changes in circumstances indicate that it is more likely than not that their carrying values may exceed their fair values, and records an impairment charge when considered necessary. When circumstances indicate that an impairment of value may have occurred, the Company tests such assets for recoverability by comparing the estimated undiscounted future cash flows expected to result from the use of such assets and their eventual disposition to their carrying amounts. If the undiscounted future cash flows are less than the carrying amount of the asset, an impairment loss, measured as the excess of the carrying amount of the asset over its estimated fair value, is recognized. The cash flow estimates used in such calculations are based on estimates and assumptions, using all available information that management believes is reasonable. Fair value, for purposes of calculating impairment, is measured based on estimated future cash flows, discounted at a market rate of interest. During the years ended December 31, 2016 and 2015, the Company noted no indicators of impairment.
Debt Issue Costs	Debt Issue Costs Debt issuance costs incurred in connection with the Company’s debt are capitalized and amortized as interest expense over the term of the related debt. In accordance with Accounting Standards Update (“ASU”) No. 2015-03, “Interest—Imputation of Interest,” the Company presents debt issuance costs as a reduction from the carrying amount of debt.
Convertible Instruments	Convertible Instruments The Company reviews all of its convertible instruments for the existence of an embedded conversion feature which may require bifurcation, if certain criteria are met. These criteria include circumstances in which: a) The economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, b) The hybrid instrument that embodies both the embedded derivative instrument and the host contract is not remeasured at fair value under otherwise applicable GAAP with changes in fair value reported in earnings as they occur, and c) A separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument subject to certain requirements (except for when the host instrument is deemed to be conventional). A bifurcated derivative financial instrument may be required to be recorded at fair value and adjusted to market at each reporting period end date. In addition, the Company may be required to classify certain stock equivalents issued in connection with the underlying debt instrument as derivative liabilities. For convertible instruments that the Company has determined should not be bifurcated from their host instruments, the Company records discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt to their earliest date of redemption. Also when necessary, the Company records deemed dividends for the intrinsic value of conversion options embedded in preferred shares based upon the differences between the fair value of the underlying common stock at the commitment date of the financing transaction and the effective conversion price embedded in the preferred shares. Finally, if necessary, the Company will determine the existence of liquidated damage provisions. Liquidated damage provisions are not marked to market, but evaluated based upon the probability that a related liability should be recorded.
Common Stock Purchase Warrants And Derivative Financial Instruments	Common Stock Purchase Warrants and Derivative Financial Instruments The Company reviews any common stock purchase warrants and other freestanding derivative financial instruments at each balance sheet date and classifies them on the consolidated balance sheet as: a) Equity if they (i) require physical settlement or net-share settlement, or (ii) gives the Company a choice of net-cash settlement or settlement in its own shares (physical settlement or net-share settlement), or b) Assets or liabilities if they (i) require net-cash settlement (including a requirement to net cash settle the contract if an event occurs and if that event is outside the Company’s control), or (ii) give the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement). The Company assesses classification of its common stock purchase warrants and other freestanding derivatives at each reporting date to determine whether a change in classification between assets and liabilities is required. The Company determined that its outstanding common stock purchase warrants satisfied the criteria for classification as equity instruments at December 31, 2016 and 2015. The Company also determined that the Placement Rights satisfied the criteria for classification as derivative financial instruments at December 31, 2015 (see Note 3).
Contingent Consideration	Contingent Consideration The Company recognizes the acquisition-date fair value of contingent consideration as part of the consideration transferred in exchange for the acquiree or assets of the acquiree in a business combination. The contingent consideration is classified as either a liability or equity in accordance with ASC 480-10, “Accounting for Certain Financial Instruments with Characteristics of Both Liabilities and Equity.” If classified as a liability, the liability is remeasured to fair value at each subsequent reporting date until the contingency is resolved. Increases in fair value are recorded as losses, while decreases are recorded as gains. If classified as equity, contingent consideration is not remeasured and subsequent settlement is accounted for within equity.
Revenue Recognition	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, 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 days of shipment if the product is defective. Allowances for product returns are recorded as a reduction of sales at the time revenue is recognized based on historical data. The estimate of the allowance for product returns amounted to approximately $130,000 and $197,000 at December 31, 2016 and 2015, respectively, and is recorded in accrued expenses in the accompanying consolidated balance sheets. 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, the seller will ship their 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	Shipping and Handling Costs The Company follows the provisions of ASC Topic 605-45 regarding shipping and handling costs. Shipping and handling costs included in cost of revenue were approximately $519,000 and $116,000 for the years ended December 31, 2016 and 2015, respectively.
Advertising Costs	Advertising Advertising costs are expensed as they are incurred and are included in sales and marketing expenses. Advertising expense amounted to approximately $50,000 and $1,324,000 for the years ended December 31, 2016 and 2015, respectively.
Share-Based Payment Arrangements	Share-Based Payment Arrangements The Company accounts for stock options in accordance with ASC 718, “Compensation - Stock Compensation.” ASC 718 requires generally that all equity awards be accounted for at their “fair value.” This fair value is measured on the grant date for stock-settled awards, and at subsequent exercise or settlement for cash-settled awards. Fair value is equal to the underlying value of the stock for “full-value” awards such as restricted stock and performance shares, and is estimated using an option-pricing model with traditional inputs for “appreciation” awards such as stock options and stock appreciation rights. Costs equal to these fair values are recognized ratably over the requisite service period based on the number of awards that are expected to vest, or in the period of grant for awards that vest immediately and have no future service condition. For awards that vest over time, cumulative adjustments in later periods are recorded to the extent actual forfeitures differ from the Company’s initial estimates: previously recognized compensation cost is reversed if the service or performance conditions are not satisfied and the award is forfeited. The expense resulting from share-based payments is recorded in general and administrative expense in the accompanying consolidated statements of operations. Subsequent modifications to outstanding awards result in incremental cost if the fair value is increased as a result of the modification. Thus, a value-for-value stock option repricing or exchange of awards in conjunction with an equity restructuring does not result in additional compensation cost.
Income Taxes	Income Taxes The Company complies with the accounting and reporting requirements of ASC Topic 740, “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. There were no unrecognized tax benefits as of December 31, 2016. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company may be subject to potential income tax examinations by federal or state authorities. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with federal and state tax laws. Management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. The Company’s policy for recording interest and penalties associated with audits is to record such expense as a component of income tax expense. There were no amounts accrued for penalties or interest as of December 31, 2016.
Concentration of Credit Risk	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 December 31, 2016 and 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	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.
Net Loss per Share	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 and 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. The computation of diluted EPS excludes the common stock equivalents of the following potentially dilutive securities because their inclusion would be anti-dilutive: Year Ended December 31, 2016 2015 Unvested Restricted Stock 226,666 356,662 Unvested Restricted Stock Units 743,020 475,000 Stock Warrants 801,250 802,520 Stock Options 434,998 575,685 2,205,934 2,209,867
Recent Accounting Pronouncements	Recent Accounting Pronouncements 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 will adopt the standard on January 1, 2018, using the full retrospective transition method, which may result in a cumulative-effect adjustment for deferred revenue to the opening balance sheet for 2016 and the restatement of the financial statements for all prior periods presented. The Company continues to evaluate the impact of adoption of this standard on its consolidated financial statements and disclosures. In July 2015, the FASB issued ASU No. 2015-11, “Simplifying the Measurement of Inventory” simplifying the measurement of inventory . 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 year ended December 31, 2016, as described in Note 3. In February 2016, the FASB issued ASU No. 2016-02, “Leases” (“ASU 2016-02”) . In March 2016, the FASB issued ASU No. 2016-08, “Revenue from contracts with customers (Topic 606): Principal versus Agent Considerations Reporting Revenue Gross versus Net” (“ASU 2014-09”). The amendments are intended to improve the operability and understandability of the implementation guidance on principal versus agent considerations by amending certain existing illustrative examples and adding additional illustrative examples to assist in the application of the guidance. The effective date and transition of these amendments is the same as the effective date and transition of ASU 2014-09. Public entities should apply the amendments in ASU 2014-09 for annual reporting periods beginning after December 15, 2017, including interim reporting periods therein. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting” (“ASU 2016-09”). ASU 2016-09 was issued as part of the FASB’s simplification initiative and affects all entities that issue share-based payment awards to their employees. The amendments in this update cover such areas as the recognition of excess tax benefits and deficiencies, the classification of those excess tax benefits on the statement of cash flows, an accounting policy election for forfeitures, the amount an employer can withhold to cover income taxes and still qualify for equity classification and the classification of those taxes paid on the statement of cash flows. ASU 2016-09 is effective for annual and interim periods beginning after December 15, 2016. This guidance can be applied either prospectively, retrospectively or using a modified retrospective transition method, depending on the area covered in this update. Early adoption is permitted. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements. In April 2016, the FASB issued ASU No. 2016-10, “Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing” (“ASU 2016-10”). ASU 2016-10 clarifies two aspects of Topic 606: (a) identifying performance obligations; and (b) the licensing implementation guidance. The update is effective for annual periods beginning after December 15, 2017 including interim reporting periods therein. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements. In May 2016, the FASB issued ASU No. 2016-12, “Revenue from Contracts with Customers (Topic 606) – Narrow-Scope Improvements and Practical Expedients” (“ASU 2016-12”), which further amended ASU 2016-09 by providing additional clarity in recognizing revenue from contracts that have been modified prior to the transition period to the new standard, as well as providing additional disclosure requirements for businesses and other organizations that make the transition to the new standard by adjusting amounts from prior reporting periods via retrospective application. The Company is continuing to evaluate the expected impact of this standard on its consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows: Clarification of Certain Cash Receipts and Cash Payments” (“ASU 2016-15”), which eliminates the diversity in practice related to the classification of certain cash receipts and payments in the statement of cash flows, by adding or clarifying guidance on eight specific cash flow issues: debt prepayment or debt extinguishment costs; settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; contingent consideration payments made after a business combination; proceeds from the settlement of insurance claims; proceeds from the settlement of corporate-owned life insurance policies (including bank-owned life insurance policies); distributions received from equity method investees; beneficial interests in securitization transactions; and separately identifiable cash flows and application of the predominance principle. ASU 206-15 is effective for annual and interim periods beginning after December 15, 2017 and early adoption is permitted. ASU 2016-15 provides for retrospective application for all periods presented. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16, “Income Taxes (Topic 740)” (“ASU 2016-16”), which reduces the complexity in the accounting standards by allowing the recognition of current and deferred income taxes for an intra-entity asset transfer, other than inventory, when the transfer occurs. This guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years, with early adoption permitted using a modified retrospective transition approach. The Company is currently evaluating the impact of the adoption of this guidance on its consolidated financial statements. In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash” (“ASU 2016-18”), providing specific guidance on the cash flow classification and presentation of changes in restricted cash and restricted cash equivalents. ASU 2016-18 is effective for fiscal years beginning after December 15, 2017 and is to be applied retrospectively. Upon the adoption of the new guidance, the Company will change the presentation of restricted cash in its consolidated statements of cash flows to conform to the new requirements. In January 2017, the FASB issued ASU 2017-01, “Business Combinations (Topic 805) Clarifying the Definition of a Business” (“ASU 2017-01”). The amendments in ASU 2017-01 is to clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The definition of a business affects many areas of accounting including acquisitions, disposals, goodwill, and consolidation. The guidance is effective for annual periods beginning after December 15, 2017, including interim periods within those periods. The Company is currently evaluating the impact of adopting this guidance. In January 2017, the FASB issued ASU 2017-04, “Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment” (“ASU 2017-04”). ASU 2017-04 eliminates Step 2 along with amending other parts of the goodwill impairment test. Under ASU 2017-04, an entity should perform its annual or interim goodwill impairment test by comparing the fair value of the reporting unit with its carrying amount, and should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value with the loss not exceeding the total amount of goodwill allocated to that reporting unit. ASU 2017-04 is effective for annual periods beginning after December 15, 2019, and interim periods therein with early adoption permitted for interim or annual goodwill impairment tests performed after January 1, 2017. At adoption, this update will require a prospective approach. The Company is currently evaluating the impact of adopting this guidance.

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Schedule of potentially dilutive securities	The computation of diluted EPS excludes the common stock equivalents of the following potentially dilutive securities because their inclusion would be anti-dilutive: Year Ended December 31, 2016 2015 Unvested Restricted Stock 226,666 356,662 Unvested Restricted Stock Units 743,020 475,000 Stock Warrants 801,250 802,520 Stock Options 434,998 575,685 2,205,934 2,209,867

Acquisition (Tables)

Acquisition (Tables)	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Schedule of consolidated pro forma information	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. 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. Year Ended Revenues $ 78,563,161 Loss from operations $ (2,516,609 ) Net loss $ (3,867,598 ) Basic and diluted loss per share $ (0.20 ) Weighted average shares outstanding – basic and diluted 19,277,511

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	Property and equipment consists of the following at December 31, 2016 and 2015: 2016 2015 Machinery and Equipment $ 89,690 $ 73,256 Leasehold Improvements 139,254 120,333 Computer Software 21,564 21,564 Furniture and Fixtures 5,645 5,645 256,153 220,798 Less: Accumulated Depreciation (64,196 ) (27,555 ) Property and Equipment, Net $ 191,957 $ 193,243

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	Intangible assets, net is as follows: December 31, 2016 Useful Lives (Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Trade Name 7 $ 2,622,000 $ (436,996 ) $ 2,185,004 Customer Relationships 5 2,008,000 (468,538 ) 1,539,462 eBay Reputation Relationship 1 369,000 (369,000 ) - Non-Compete Agreement 1 283,000 (283,000 ) - Intangible assets, net $ 5,282,000 $ (1,557,534 ) $ 3,724,466 December 31, 2015 Useful Lives (Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Trade Name 7 $ 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
Schedule of future annual estimated amortization expense	Future annual estimated amortization expense is summarized as follows: Years ending December 31, 2017 $ 776,171 2018 776,171 2019 776,171 2020 709,233 2021 374,571 Thereafter 312,149 $ 3,724,466

Capitalized Technology, Net (Ta

Capitalized Technology, Net (Tables)	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of capitalized technology	Capitalized technology consists of the following at December 31, 2016 and 2015: 2016 2015 Gross value $ 3,171,414 $ 2,575,886 Accumulated amortization (2,237,221 ) (1,689,343 ) Net value $ 934,193 $ 886,543
Schedule of future annual estimated amortization expense	Future annual estimated amortization expense is summarized as follows: Years ending December 31, 2017 $ 519,680 2018 302,618 2019 111,895 $ 934,193

Promissory Notes (Tables)

Promissory Notes (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Schedule of notes	At December 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 (965,668 ) Total Notes, net of unamortized discount and debt issue costs 7,114,332 Less: Current portion of Notes 673,332 Long-term Notes $ 6,441,000

Capital Lease Obligations (Tabl

Capital Lease Obligations (Tables)	12 Months Ended
	Dec. 31, 2016
Leases [Abstract]
Schedule of future minimum lease payments under the capital lease	The future minimum lease payments under the capital lease at December 31, 2016 is as follows: Years ending December 31, 2017 $ 15,316 2018 15,316 2019 15,316 2020 15,316 2021 10,211 71,475 Less: Amounts representing interest 12,825 Principal portion 58,650 Less: Current portion 10,664 Capital lease obligations, net of current portion $ 47,986

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future annual minimum payments due under the operating leases	Future annual minimum payments due under the leases are summarized as follows: Year ended December 31, 2017 $ 323,000 2018 304,000 2019 225,000 2020 232,000 2021 177,000 $ 1,261,000

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of stock options valuation assumptions	These options had a fair value of $79,000, using the Black-Scholes option pricing model with the following assumptions: Risk-free interest rate 1.12% – 1.47 % Expected dividend yield 0 % Expected volatility 61.89% - 99.21 % Expected term 3.75 years These options had a fair value of $8,800, using the Black-Scholes option pricing model with the following assumptions: Risk-free interest rate 0.94 % Expected dividend yield 0 % Expected volatility 166.35 % Expected term 3.5 years
Schedule of stock options activity	The following table summarizes the Company’s stock option activity for the year ended December 31, 2016: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life (in Years) Aggregate Intrinsic Value Outstanding - December 31, 2015 575,685 $ 2.75 3.0 $ 1,509 Granted 10,000 1.00 Exercised - - Forfeited or Canceled (150,687 ) 3.10 Outstanding – December 31, 2016 434,998 $ 2.59 1.7 $ - Exercisable – December 31, 2016 389,997 $ 2.74 1.4 $ -
Schedule of non-vested options	The following table summarizes the Company’s stock option activity for non-vested options for the year ended December 31, 2016: Number of Options Weighted Average Grant Date Fair Value Balance at December 31, 2015 55,000 $ 0.86 Granted 10,000 0.88 Vested (19,999 ) (0.86 ) Forfeited or Canceled - - Balance at December 31, 2016 45,001 $ 0.86
Schedule of restricted stock award activity	A summary of the restricted stock award activity for the year ended December 31, 2016 is as follows: Number of Unvested Outstanding at December 31, 2015 831,662 Granted 301,020 Forfeited - Vested (339,349 ) Unvested Outstanding at December 31, 2016 793,333

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of net deferred tax asset	Temporary differences are approximately as follows: December 31, 2016 2015 Accrued expenses $ 238,000 $ 259,000 Inventory reserve 42,000 - Allowance for doubtful accounts 1,000 6,000 Intangible Assets (1,092,000 ) (2,187,000 ) Fixed Assets (415,000 ) (238,000 ) Charitable Contributions 2,000 2,000 Stock Options 2,811,000 3,466,000 Net operating loss carryover 7,143,000 7,018,000 Deferred tax assets 8,730,000 8,326,000 Less: valuation allowance (8,730,000 ) (8,326,000 ) Net deferred tax assets $ - $ -
Schedule of actual tax benefit differs from the expected tax benefit	The actual tax benefit differs from the expected tax benefit for the years ended December 31, 2016 and 2015 (computed by applying the U.S. Federal Corporate income tax rate of 34%) as follows: December 31, 2016 2015 Expected tax benefit $ 1,262,000 $ 1,709,000 State income taxes, net of federal benefit 66,000 353,000 Net operating loss adjustment due to Section 382 limitation - (5,346,000 ) Permanent items (416,000 ) (650,000 ) Change in tax rate (200,000 ) 537,000 True-up (308,000 ) 887,000 Change in valuation allowance (404,000 ) 4,903,000 Actual tax benefit $ - $ 2,393,000

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Schedule of liabilities that are measured at fair value on a recurring basis	The following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis at December 31, 2016 and 2015, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value: December 31, Description Level 2016 2015 Liabilities: Placement Right Derivative Liability 3 $ - $ 1,130,000
Schedule of placement right liability	The placement right liability was valued using the Black-Scholes option pricing model and the following assumptions on the following dates: July 1, December 31, Exercise price $ 1.20 $ 1.20 Stock price $ 0.90 $ 1.11 Expected life 0 years 0.18-0.93 years Risk-free interest rate 0.26 % 0.02%-0.25 % Dividend yield 0.00 % 0.00 % Volatility 1 % 59 %
Schedule of derivative liability	The following table reflects the change in fair value of the Company’s derivative liability for the year ended December 31, 2016: Balance – January 1, 2015 $ 1,130,000 Change in fair value of placement right liability 370,000 Elimination of placement right liability (1,500,000 ) Balance – December 31, 2016 $ -

Summary of Significant Accoun34

Summary of Significant Accounting Policies (Details) - shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Antidilutive securities excluded from computation of earnings per share amount	2,205,934	2,209,867
Unvested Restricted Stock [Member]
Antidilutive securities excluded from computation of earnings per share amount	226,666	356,662
Restricted Stock Units [Member]
Antidilutive securities excluded from computation of earnings per share amount	743,020	475,000
Stock Warrants [Member]
Antidilutive securities excluded from computation of earnings per share amount	801,250	802,520
Stock Options [Member]
Antidilutive securities excluded from computation of earnings per share amount	434,998	575,685

Summary of Significant Accoun35

Summary of Significant Accounting Policies (Details Narrative)	12 Months Ended
	Dec. 31, 2016USD ($)Number	Dec. 31, 2015USD ($)
Number of operating segments | Number	1
Allowance for doubtful accounts receivable	$ 1,600	$ 14,300
Inventory allowances	115,000	0
Perpaid inventory	$ 221,000	133,000
Description of returns product terms	The Company allows customers to return product within 30 days of shipment if the product is defective.
Shipping and handling costs	$ 519,000	116,000
Advertising expense	50,000	1,324,000
Cellular Telephones And Related Equipment [Member]
Sales returns allowances	$ 130,000	$ 197,000
Capitalized Technology [Member]
Intagible assets useful life	3 years
Minimum [Member]
Estimated useful life	3 years
Maximum [Member]
Estimated useful life	5 years
Maximum [Member] | Capitalized Technology [Member]
Intagible assets useful life	3 years

Acquisition (Details)

Acquisition (Details) - We Sell Cellular LLC [Member]	12 Months Ended
	Dec. 31, 2015USD ($)$ / shares
Revenues	$ 78,563,161
Loss from operations	(2,516,609)
Net loss	$ (3,867,598)
Basic and diluted loss per share (in dollaras per share) | $ / shares	$ (0.20)
Weighted average shares outstanding - basic and diluted (in shares) | $ / shares	$ 19,277,511

Acquisition (Details Narrative)

Acquisition (Details Narrative) - USD ($)	Oct. 01, 2015	Dec. 31, 2016	Dec. 31, 2015	Oct. 26, 2015
Total revenues		$ 94,656,735	$ 27,093,928
Income from operations		$ (1,844,814)	(4,837,080)
Brian Tepfer and Scott Tepfer [Member] | Stock Purchase Agreement [Member] | Restricted Stock Units [Member]
Number of awards designeted by Tepfers	300,000
Brian Tepfer and Scott Tepfer [Member] | Stock Purchase Agreement [Member] | Private Placements or Public Offerings [Member]
Gross proceeds from offerings	$ 6,000,000
Target sales quaterly	$ 1,500,000
Share price (in dollars per share)	$ 1.20
Brian Tepfer and Scott Tepfer [Member] | BST Distribution, Inc. [Member]
Percentage of voting interest acquired	100.00%
Number of common shares issued	9,358,837
BST Distribution, Inc. [Member] | Brian Tepfer and Scott Tepfer [Member]
Percentage of outstanding stock owned	100.00%
We Sell Cellular LLC [Member]
Total revenues			17,646,000
Income from operations			$ 55,000
We Sell Cellular LLC [Member] | Brian Tepfer and Scott Tepfer [Member]
Percentage of outstanding stock owned	100.00%
Secured Term Note [Member] | BAM Administrative Services, LLC & Institutional Investor (Purchaser) [Member]
Principal amount				$ 4,040,000

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property and Equipment, Gross	$ 256,153	$ 220,798
Less: Accumulated Depreciation	(64,196)	(27,555)
Property and Equipment, Net	191,957	193,243
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Gross	89,690	73,256
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Gross	139,254	120,333
Computer Software [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Gross	21,564	21,564
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Gross	$ 5,645	$ 5,645

Property and Equipment (Detai39

Property and Equipment (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 45,000	$ 15,000

Intangible Assets, Net (Details

Intangible Assets, Net (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 5,282,000	$ 5,282,000
Accumulated Amortization	(1,557,534)	(238,028)
Net Carrying Amount	3,724,466	5,043,972
Trade Name [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,622,000	2,622,000
Accumulated Amortization	(436,996)	(62,428)
Net Carrying Amount	$ 2,185,004	$ 2,559,572
Useful Lives (Years)	5 years	5 years
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,008,000	$ 2,008,000
Accumulated Amortization	(468,538)	(66,934)
Net Carrying Amount	$ 1,539,462	$ 1,941,066
Useful Lives (Years)	5 years	5 years
eBay Reputation Relationship [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 369,000	$ 369,000
Accumulated Amortization	(369,000)	(61,500)
Net Carrying Amount		$ 307,500
Useful Lives (Years)	1 year	1 year
Non-Compete Agreement [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 283,000	$ 283,000
Accumulated Amortization	(283,000)	(47,166)
Net Carrying Amount		$ 235,834
Useful Lives (Years)	1 year	1 year

Intangible Assets, Net (Detai41

Intangible Assets, Net (Details 1) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Years ending December 31,
2,017	$ 776,171
2,018	776,171
2,019	776,171
2,020	709,233
2,021	374,571
Thereafter	312,149
Total	$ 3,724,466	$ 5,043,972

Intangible Assets, Net (Detai42

Intangible Assets, Net (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 1,319,000	$ 238,000

Capitalized Technology, Net (De

Capitalized Technology, Net (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Gross value	$ 5,282,000	$ 5,282,000
Accumulated amortization	(1,557,534)	(238,028)
Net value	3,724,466	5,043,972
Capitalized Technology [Member]
Gross value	3,171,414	2,575,886
Accumulated amortization	(2,237,221)	(1,689,343)
Net value	$ 934,193	$ 886,543

Capitalized Technology, Net (44

Capitalized Technology, Net (Details 1) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Years ending December 31,
2,017	$ 776,171
2,018	776,171
2,019	776,171
Future annual estimated amortization expense	3,724,466	$ 5,043,972
Capitalized Technology [Member]
Years ending December 31,
2,017	519,680
2,018	302,618
2,019	111,895
Future annual estimated amortization expense	$ 934,193	$ 886,543

Capitalized Technology, Net (45

Capitalized Technology, Net (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Amortization expense	$ 1,319,000	$ 238,000
Capitalized Technology [Member]
Amortization expense	$ 548,000	$ 567,000
Estimated useful lives	3 years

Promissory Notes (Details)

Promissory Notes (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Less: Current portion of Notes	$ 673,332
Long-term Notes	6,441,000	$ 5,087,043
New Note Purchase Agreement [Member] | Secured Term Note [Member] | BAM Administrative Services, LLC & Institutional Investor (Purchaser) [Member]
Total Notes	8,080,000
Less: Unamortized discount and debt issue costs	(965,668)
Total Notes, net of unamortized discount and debt issue costs	7,114,332
Less: Current portion of Notes	673,332
Long-term Notes	$ 673,332

Promissory Notes (Details Narra

Promissory Notes (Details Narrative)	Jan. 13, 2017USD ($)	Mar. 31, 2016shares	Mar. 30, 2016USD ($)shares	Dec. 01, 2015USD ($)shares	Oct. 23, 2015USD ($)Numbershares	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Oct. 26, 2015USD ($)
Amounts of principal outstanding						$ 6,441,000	$ 5,087,043
Payments of debt issuance costs						99,551	238,721
Secured Term Note (Initial Note) [Member] | BAM Administrative Services, LLC & Institutional Investor (Purchaser) [Member]
Principal amount								$ 4,040,000
Note Purchase Agreement [Member] | Secured Term Note (Initial Note) [Member] | BAM Administrative Services, LLC & Institutional Investor (Purchaser) [Member]
Principal amount					$ 4,040,000
Gross proceeds from debt issuance					$ 4,000,000
Percentage of issue discount					1.00%
Percentage of additional issue discount					1.00%
Number of shares of restricted common stock issue | shares					740,000
Note Purchase Agreement [Member] | Deferred Draw Note [Member] | BAM Administrative Services, LLC & Institutional Investor (Purchaser) [Member]
Gross proceeds from debt issuance					$ 4,000,000
Percentage of issue discount					1.00%
Percentage of additional issue discount					1.00%
Number of debt | Number					2
Number of shares of restricted common stock issue | shares					350,000
Note Purchase Agreement [Member] | Secured Term Note [Member] | BAM Administrative Services, LLC & Institutional Investor (Purchaser) [Member]
Maturity term					3 years
Annually interest rate					13.25%
Debt instrument frequency of periodic payment					Monthly
Date of first required payment					Nov. 1, 2015
Description of debt repayment terms					Monthly installments of 1/48th of the aggregate principal amount of the Notes
Debt prepayable rate					103.00%
Description of debt prepayable rate					Prepayable at 103%, beginning one year from the Note Closing Date, in increments of $500,000.
Payments of debt issuance costs							288,000
Accretion costs						360,000	36,000
Non-cash interest expense						80,000
Accretion discount						26,000	3,000
Contractual interest expense						1,019,000	172,000
Accretion fee						93,000	$ 13,000
Note Purchase Agreement [Member] | Secured Term Note [Member] | BAM Administrative Services, LLC & Institutional Investor (Purchaser) [Member] | Subsequent Event [Member]
Amounts of principal outstanding	$ 8,080,000
Repayment of debt, principal and interest	8,140,296
Note Purchase Agreement [Member] | Secured Term Note [Member] | Institutional Investor [Member] | Subsequent Event [Member]
Principal amount	8,660,000
Gross proceeds from debt issuance	$ 8,572,400
Percentage of issue discount	1.00%
Maturity term	3 years
Annually interest rate	13.25%
Debt prepayable rate	3.00%
Note Purchase Agreement [Member] | First Deferred Draw Note [Member] | BAM Administrative Services, LLC & Institutional Investor (Purchaser) [Member]
Principal amount				$ 2,020,000
Gross proceeds from debt issuance				$ 2,000,000
Number of shares of restricted common stock issue | shares				120,000
Note Purchase Agreement [Member] | Second Deferred Draw Note [Member] | BAM Administrative Services, LLC & Institutional Investor (Purchaser) [Member]
Principal amount			$ 2,020,000
Gross proceeds from debt issuance			$ 2,000,000
Number of shares of restricted common stock issue | shares			230,000
Payments of debt issuance costs			$ 31,000
New Note Purchase Agreement [Member] | Secured Term Note [Member] | BAM Administrative Services, LLC & Institutional Investor (Purchaser) [Member]
Amounts of principal outstanding						$ 673,332
Number of shares of restricted common stock issue | shares		1,210,000
Description of amended debt repayment terms		• The EBITDA covenants would not apply until September 2017; • The amortization period of the principal would 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 would get 75% credit for new purchase orders towards the borrowing base of the facility instead of the previous 50%; and • The Company would get a 90% credit for inventory in transit towards the borrowing base instead of the previous 75%.s
Number of shares of restricted common stock issue, value | shares		1,128,300

Capital Lease Obligations (Deta

Capital Lease Obligations (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Leases [Abstract]
2,017	$ 15,316
2,018	15,316
2,019	15,316
2,020	15,316
2,021	10,211
Total	71,475
Less: Amounts representing interest	12,825
Principal portion	58,650
Less: Current portion	10,664
Capital lease obligations, net of current portion	$ 47,986

Capital Lease Obligations (De49

Capital Lease Obligations (Details Narrative)	Dec. 31, 2016USD ($)
Leases [Abstract]
Aggregate present value of the minimum lease payments	$ 55,000
Discount rate	8.64%
Gross amount of capital lease	$ 62,000
Amount of accumulated amortization	$ 3,100

Commitments and Contingencies50

Commitments and Contingencies (Details)	Dec. 31, 2016USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,017	$ 323,000
2,018	304,000
2,019	225,000
2,020	232,000
2,021	177,000
Total	$ 1,261,000

Commitments and Contingencies51

Commitments and Contingencies (Details Narrative) - USD ($)	Dec. 22, 2016	Dec. 31, 2016	Dec. 31, 2015
Lease expiration date		Aug. 31, 2018
Brian Tepfer and Scott Tepfer [Member] | Investment Fund ("Purchaser")
Number of shares sold	500,000
Shares sold (in dollars per share)	$ 1
Brian Tepfer and Scott Tepfer [Member] | Investment Fund ("Purchaser") | Stock Options [Member]
Number of shares sold	500,000
Shares sold (in dollars per share)	$ 1
Management Incentive Compensation Plan ("Incentive Plan") [Member}]
Amount of bonus earned		$ 104,183
Amount of earned bonus paid		52,092
Management Incentive Compensation Plan ("Incentive Plan") [Member}] | Accrued Expense [Member]
Amount of earned bonus paid		$ 52,091
Warehouse and Office [Member]
Lease expiration date		Sep. 30, 2021
General and Administrative Expense [Member]
Rent expense		$ 235,000	$ 100,000

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - shares	Jan. 21, 2014	Dec. 31, 2016	Dec. 31, 2015	Oct. 31, 2015	Mar. 16, 2015	Mar. 15, 2015
Common stock, authorized		43,333,333	43,333,333		43,333,333	650,000,000
Description of reverse stock split	1-for-15
Series A Convertible Preferred Stock [Member]
Preferred stock, issued
Preferred stock, outstanding
Series B Convertible Preferred Stock [Member]
Preferred stock, issued
Preferred stock, outstanding
Series C Convertible Preferred Stock [Member]
Preferred stock, issued
Preferred stock, outstanding
Series E Convertible Preferred Stock [Member]
Preferred stock, issued
Preferred stock, outstanding
We Sell Cellular LLC [Member] | Series A Convertible Preferred Stock [Member]
Number of common shares issued upon conversion				100,000
Preferred stock, issued
Preferred stock, outstanding				100,000
We Sell Cellular LLC [Member] | Series B Convertible Preferred Stock [Member]
Number of common shares issued upon conversion				951,250
Preferred stock, issued
Preferred stock, outstanding				60,411
We Sell Cellular LLC [Member] | Series C Convertible Preferred Stock [Member]
Number of common shares issued upon conversion				146,667
Preferred stock, issued
Preferred stock, outstanding				146,667
We Sell Cellular LLC [Member] | Series E Convertible Preferred Stock [Member]
Number of common shares issued upon conversion				103,232
Preferred stock, issued
Preferred stock, outstanding				103,232

Stock-Based Compensation (Detai

Stock-Based Compensation (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Stock Options Two [Member]
Risk-free interest rate	0.94%
Expected dividend yield	0.00%
Expected volatility	166.35%
Expected term	3 years 6 months
Stock Options One [Member]
Expected dividend yield		0.00%
Expected term		3 years 9 months
Stock Options One [Member] | Minimum [Member]
Risk-free interest rate		1.12%
Expected volatility		61.89%
Stock Options One [Member] | Maximum [Member]
Risk-free interest rate		1.47%
Expected volatility		99.21%

Stock-Based Compensation (Det54

Stock-Based Compensation (Details 1)	12 Months Ended
	Dec. 31, 2016USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at beginning | shares	575,685
Granted | shares	10,000
Exercised | shares
Forfeited or Canceled | shares	(150,687)
Outstanding at ending | shares	434,998
Exercisable at ending | shares	389,997
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding at beginning | $ / shares	$ 2.75
Granted | $ / shares	1
Exercised | $ / shares
Forfeited or Canceled | $ / shares	3.10
Outstanding at ending | $ / shares	2.59
Exercisable at ending | $ / shares	$ 2.74
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Life [Roll Forward]
Outstanding at beginning	3 years
Outstanding at ending	1 year 8 months 12 days
Exercisable at ending	1 year 4 months 24 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Aggregate Intrinsic Value [Roll Forward]
Outstanding at beginning | $	$ 1,509
Outstanding at ending | $
Exercisable at ending | $

Stock-Based Compensation (Det55

Stock-Based Compensation (Details 2) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares [Roll Forward]
Balance at beginning	55,000
Granted	10,000
Vested	(19,999)
Forfeited or Canceled
Balance at ending	45,001	55,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Balance at beginning	$ 0.86
Granted	0.88	$ 0.65
Vested	(0.86)
Forfeited or Canceled
Balance at ending	$ 0.86	$ 0.86

Stock-Based Compensation (Det56

Stock-Based Compensation (Details 3) - Restricted Stock Units [Member]	12 Months Ended
	Dec. 31, 2016shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares [Roll Forward]
Balance at beginning	831,662
Granted	301,020
Forfeited
Vested	(339,349)
Balance at ending	793,333

Stock-Based Compensation (Det57

Stock-Based Compensation (Details Narrative) - USD ($)	Apr. 14, 2016	Jan. 06, 2016	Dec. 31, 2016	Dec. 31, 2015	Oct. 26, 2015	Jan. 31, 2015
Number of options granted			10,000
Exercisable term			1 year 4 months 24 days
Non-cash compensation expense			$ 18,000	$ 543,000
Weighted-average grant date fair value of options granted			$ 0.88	$ 0.65
Total unrecognized compensation expense			$ 37,000
Unrecognized compensation expense weighted average period			2 years
Remaining value of the stock options				$ 1,509
We Sell Cellular LLC [Member]
Remaining value of the stock options					$ 330,000
Warrant [Member]
Number of warrants outstanding			801,250	802,520
Number of warrants exercisable			801,250	802,520
Weighted average exercise price (in dollars per share)			$ 3.19	$ 3.21
Weighted average remaining contractual life outstanding & exercisable			2 years 9 months 18 days	3 years 7 months 6 days
Aggregate intrinsic value			$ 0	$ 0
Stock Options Two [Member]
Number of options granted			10,000
Option fair value			$ 8,800
Exercisable term			5 years
Vesting term			3 years
Option granted share based compensation expense			$ 2,000
Stock Options One [Member]
Number of options granted				121,000
Option fair value						$ 79,000
Exercisable term				5 years
Vesting term				4 years
Option granted share based compensation expense			$ 16,000	$ 26,000
Equity Incentive Plan 2008 [Member]
Increase in number of shares authorized	200,000	290,000
Number of shares authorized			1,582,023
Number of shares available for issuance			365,188

Stock-Based Compensation (Det58

Stock-Based Compensation (Details Narrative 1) - USD ($)

Jul. 01, 2016

Apr. 18, 2016

Apr. 01, 2016

Jan. 06, 2016

Jan. 02, 2016

Dec. 10, 2015

Oct. 26, 2015

Oct. 02, 2015

Jul. 02, 2015

Apr. 02, 2015

Jun. 30, 2016

Dec. 31, 2016

Dec. 31, 2015

Oct. 24, 2015

Compensation expense

$ 18,000

$ 543,000

Non-cash compensation expense

$ 524,841

2,953,969

Unrecognized compensation expense weighted average period

2 years

Restricted Stock Units (RSUs) [Member] | Advisor [Member]

Number of shares granted

7,000

Share price (in dollars per share)

$ 0.80

Compensation expense

$ 5,600

Restricted Stock Units (RSUs) [Member] | Ms. Jennifer Calabrese [Member]

Number of shares granted

5,208

5,200

Description of vesting rights

Vested monthly over a three-month period through March 31, 2016, subject to continued service on each applicable vesting date.

Vested monthly over a three-month period through June 30, 2015, subject to continued service on each applicable vesting date.

Description of awards terms

No voting or dividend rights.

No voting or dividend rights.

Share price (in dollars per share)

$ 1.23

$ 1.03

Compensation expense

6,000

$ 5,000

Restricted Stock Units (RSUs) [Member] | Ms. Jennifer Calabrese [Member] | We Sell Cellular LLC [Member]

Number of common shares issued

5,200

Restricted Stock Units (RSUs) [Member] | Director [Member]

Number of shares granted

250,000

Description of vesting rights

Vest in two equal annual increments, subject to continued service on each vesting date, with the first vesting date being one year from the grant date, and full vesting upon a change in control.

Description of awards terms

No voting or dividend rights.

Share price (in dollars per share)

$ 1.23

Compensation expense

$ 154,000

Expiration period

3 years

Aggregate grant date fair value

$ 308,000

Restricted Stock Units (RSUs) [Member] | Advisor [Member]

Number of shares granted

18,000

Compensation expense

$ 16,000

Restricted Stock Units (RSUs) [Member] | Advisor [Member] | Minimum [Member]

Share price (in dollars per share)

$ 0.51

$ 1

Restricted Stock Units (RSUs) [Member] | Ms. Jennifer Calabrese [Member]

Number of shares granted

6,433

Description of vesting rights

Vested monthly over a three-month period through June 30, 2016, subject to continued service on each applicable vesting date.

Description of awards terms

No voting or dividend rights.

Share price (in dollars per share)

$ 1.15

Compensation expense

$ 7,000

Restricted Stock Units (RSUs) [Member] | Ms. Jennifer Calabrese [Member]

Number of shares granted

6,000

Compensation expense

6,000

Restricted Stock Units (RSUs) [Member] | Ms. Jennifer Calabrese [Member] | Minimum [Member]

Share price (in dollars per share)

$ 0.90

Restricted Stock Units (RSUs) [Member] | Ms. Jennifer Calabrese [Member] | Maximum [Member]

Share price (in dollars per share)

$ 1

Restricted Stock Units (RSUs) [Member] | Ms. Jennifer Calabrese [Member]

Number of shares granted

6,379

Description of vesting rights

Vested monthly over a three-month period through September 30, 2016, subject to continued service on each applicable vesting date.

Description of awards terms

No voting or dividend rights.

Share price (in dollars per share)

$ 0.90

Compensation expense

$ 6,000

Restricted Stock Units [Member]

Number of shares granted

301,020

Non-cash compensation expense

$ 507,000

$ 2,411,000

Toatal unrecognized compensation expense

$ 699,000

Unrecognized compensation expense weighted average period

1 year 7 months 6 days

Restricted Stock Units [Member] | Executive Chairman and Chief Executive Officer [Member]

Number of shares granted

150,000

Share price (in dollars per share)

$ 0.77

Compensation expense

231,000

Restricted Stock Units [Member] | Mr. Nik Raman | We Sell Cellular LLC [Member]

Number of shares granted

350,000

Description of vesting rights

Vest annually over three years, subject to continued service on each applicable vesting date.

Description of awards terms

No voting or dividend rights.

Share price (in dollars per share)

$ 0.77

Compensation expense

$ 269,500

$ 90,000

15,000

Expiration period

3 years

Restricted Stock Units [Member] | Employees [Member]

Number of shares granted

125,000

Description of vesting rights

Vest quarterly over a three years, subject to continued service on each applicable vesting date.

Description of awards terms

No voting or dividend rights.

Share price (in dollars per share)

$ 1.28

Compensation expense

$ 160,000

53,000

4,000

Restricted Stock Units (RSUs) [Member] | Ms. Jennifer Calabrese [Member]

Number of shares granted

5,384

Description of vesting rights

Vested monthly over a three-month period through September 30, 2015, subject to continued service on each applicable vesting date.

Description of awards terms

No voting or dividend rights.

Share price (in dollars per share)

$ 1.25

Compensation expense

7,000

Restricted Stock Units (RSUs) [Member] | Ms. Jennifer Calabrese [Member] | We Sell Cellular LLC [Member]

Number of common shares issued

5,384

Restricted Stock Units (RSUs) [Member] | Ms. Jennifer Calabrese [Member]

Number of shares granted

8,235

Description of vesting rights

Vested monthly over a three-month period through September 30, 2015, subject to continued service on each applicable vesting date.

Description of awards terms

No voting or dividend rights.

Share price (in dollars per share)

$ 0.76

Compensation expense

6,000

Restricted Stock Units (RSUs) [Member] | Ms. Jennifer Calabrese [Member] | We Sell Cellular LLC [Member]

Number of common shares issued

8,235

Restricted Stock Units (RSUs) [Member] | Employees [Member]

Number of shares granted

475,000

Description of vesting rights

135,000 shares were fully vested on the date of grant. The remaining 340,000 shares of common stock vest quarterly over three years, subject to continued service on each applicable vesting date.

Share price (in dollars per share)

$ 1.28

Compensation expense

$ 608,000

$ 145,000

$ 185,000

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Accrued expenses	$ 238,000	$ 259,000
Inventory reserve	42,000
Allowance for doubtful accounts	1,000	6,000
Intangible Assets	(1,092,000)	(2,187,000)
Fixed Assets	(415,000)	(238,000)
Charitable Contributions	2,000	2,000
Stock Options	2,811,000	3,466,000
Net operating loss carryover	7,143,000	7,018,000
Deferred tax assets	8,730,000	8,326,000
Less: valuation allowance	(8,730,000)	(8,326,000)
Net deferred tax assets

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Expected tax benefit	$ 1,262,000	$ 1,709,000
State income taxes, net of federal benefit	66,000	353,000
Net operating loss adjustment due to Section 382 limitation		(5,346,000)
Permanent items	(416,000)	(650,000)
Change in tax rate	(200,000)	537,000
True-up	(308,000)	887,000
Change in valuation allowance	(404,000)	4,903,000
Actual tax benefit		$ (2,392,994)

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Valuation allowances	$ 8,730,000	$ 8,326,000
Decrease in valuation allowances	404,000
Net operating loss carryforward	$ 15,688,000
Operating loss carryforwards expiration period	Expiring through 2036.
Federal corporate income tax rate	34.00%

Customer and Vendor Concentra62

Customer and Vendor Concentrations (Details Narrative) - Number	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Geographic Concentration Risk [Member] | Sales Revenue, Net [Member] | UNITED STATES [Member]
Percentage of concentration risk	65.00%	58.00%
Geographic Concentration Risk [Member] | Sales Revenue, Net [Member] | Europe [Member]
Percentage of concentration risk	22.00%	24.00%
Geographic Concentration Risk [Member] | Sales Revenue, Net [Member] | HONG KONG [Member]
Percentage of concentration risk	12.00%	18.00%
Customer Concentration Risk [Member] | Accounts Receivable [Member]
Number of customer	2
Percentage of concentration risk	10.00%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | One Customer [Member]
Percentage of concentration risk	22.00%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Two Customer [Member]
Percentage of concentration risk	15.00%
Supplier Concentration Risk [Member] | Purchases [Member]
Number of customer	1
Percentage of concentration risk	10.00%
Supplier Concentration Risk [Member] | Purchases [Member] | Vendor One [Member]
Percentage of concentration risk	72.00%	94.00%
Supplier Concentration Risk [Member] | Accounts Payable [Member]
Number of customer	1	1
Percentage of concentration risk	10.00%	10.00%
Supplier Concentration Risk [Member] | Accounts Payable [Member] | Vendor One [Member]
Percentage of concentration risk	52.00%	40.00%

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Liabilities:
Placement right derivative liability		$ 1,130,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Liabilities:
Placement right derivative liability		$ 1,130,000

Fair Value Measurements (Deta64

Fair Value Measurements (Details 1) - Fair Value, Inputs, Level 3 [Member] - $ / shares	Jul. 01, 2016	Dec. 31, 2015
Exercise price	$ 1.2	$ 1.2
Stock price	$ 0.9	$ 1.11
Expected life	0 years
Risk-free interest rate	0.26%
Dividend yield	0.00%	0.00%
Volatility	1.00%	59.00%
Minimum [Member]
Expected life		2 months 5 days
Risk-free interest rate		0.02%
Maximum [Member]
Expected life		11 months 5 days
Risk-free interest rate		0.25%

Fair Value Measurements (Deta65

Fair Value Measurements (Details 2)	12 Months Ended
	Dec. 31, 2016USD ($)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Balance at beginning	$ 1,130,000
Change in fair value of placement right liability	370,000
Elimination of placement right liability	(1,500,000)
Balance at end

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	Jan. 13, 2017	Oct. 23, 2015	Dec. 31, 2016	Dec. 31, 2015
Amounts of principal outstanding			$ 6,441,000	$ 5,087,043
Note Purchase Agreement [Member] | BAM Administrative Services, LLC & Institutional Investor (Purchaser) [Member] | Secured Term Note [Member]
Maturity term		3 years
Annually interest rate		13.25%
Debt prepayable rate		103.00%
Subsequent Event [Member] | Note Purchase Agreement [Member] | Institutional Investor [Member] | Secured Term Note [Member]
Gross proceeds from debt issuance	$ 8,572,400
Percentage of issue discount	1.00%
Principal amount	$ 8,660,000
Maturity term	3 years
Annually interest rate	13.25%
Lender fees	2.00%
Monthly maintenance fee	0.75%
Debt prepayable rate	3.00%
Subsequent Event [Member] | Note Purchase Agreement [Member] | BAM Administrative Services, LLC & Institutional Investor (Purchaser) [Member] | Secured Term Note [Member]
Amounts of principal outstanding	$ 8,080,000
Repayment of debt, principal and interest	8,140,296
Subsequent Event [Member] | Special Purpose Entity [Member]
Amount invested	5,200,000
Amount used for purchase of approved inventory	$ 5,000,000