Envirotech Vehicles (EVTV) 10-Q 14 Aug 17 2017 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Aug. 07, 2017
Document Information [Line Items]
Entity Registrant Name	Adomani, Inc.
Entity Central Index Key	1,563,568
Trading Symbol	adom
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		68,070,930
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 6,868	$ 938
Notes receivable, net	1,000	454
Inventory	434	314
Other current assets	203	1,039
Total current assets	8,505	2,745
Property, plant and equipment, net	446	417
Other investments	120	120
Other non-current assets	122	124
Total assets	9,193	3,406
Current liabilities:
Accounts payable	179	107
Accrued liabilities	165	236
Notes payable, net	4,245	5,177
Convertible debt, net		593
Total current liabilities	4,589	6,113
Total liabilities	4,589	6,113
Commitments and contingencies
Stockholders' equity (deficit):
Preferred stock, 100,000,000 authorized $0.00001 par value none issued and outstanding, respectively
Common stock, 2,000,000,000 authorized $0.00001 par value, 68,070,930 and 58,542,350 issued and outstanding, respectively	1	1
Additional paid-in capital	35,321	18,366
Accumulated deficit	(30,718)	(21,074)
Total stockholders' equity (deficit)	4,604	(2,707)
Total liabilities and stockholders' equity (deficit)	$ 9,193	$ 3,406

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2017	Dec. 31, 2016
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Common stock, shares issued (in shares)	68,070,930	58,542,350
Common stock, shares outstanding (in shares)	68,070,930	58,542,350

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net sales		$ 68		$ 68
Cost of sales		50		50
Gross profit		18		18
Operating expenses:
Payroll expense	528	181	912	424
Other general and administrative	4,822	772	5,735	1,668
Consulting	2,143	124	2,163	238
Research and development	460		519	16
Total operating expenses	7,953	1,077	9,329	2,346
Loss from operations	(7,953)	(1,059)	(9,329)	(2,328)
Other income (expense):
Interest expense	(147)	(285)	(362)	(557)
Other income	22		49	1
Total other income (expense)	(125)	(285)	(313)	(556)
Loss before income taxes	(8,078)	(1,344)	(9,642)	(2,884)
Income tax expense			(2)
Net loss	$ (8,078)	$ (1,344)	$ (9,644)	$ (2,884)
Net loss per share to common shareholders:
Basic and diluted (in dollars per share)	$ (0.12)	$ (0.02)	$ (0.15)	$ (0.04)
Weighted shares used in the computation of net loss per share:
Basic and diluted (in shares)	66,815,898	66,551,134	64,978,905	73,276,408

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity (Deficit) (Unaudited) - 6 months ended Jun. 30, 2017 - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 31, 2016	58,542,350
Balance at Dec. 31, 2016	$ 1	$ 18,366	$ (21,074)	$ (2,707)
Common stock issued due to debt conversion (in shares)	6,868,578
Common stock issued due to debt conversion		726		726
Common stock issued for cash (in shares)	2,510,002
Common stock issued for cash		12,550		12,550
Offering costs netted against proceeds from common stock issued for cash		(4,437)		(4,437)
Common stock issued for prepaid services cancelled (in shares)	(100,000)
Common stock issued for prepaid services cancelled		(100)		(100)
Common stock issued as offering costs (in shares)	250,000
Common stock issued as offering costs		1,250		1,250
Warrants issued for services		1,241		1,241
Warrants issued as offering costs		681		681
Stock based compensation		5,044		5,044
Net loss			(9,644)	(9,644)
Balance (in shares) at Jun. 30, 2017	68,070,930
Balance at Jun. 30, 2017	$ 1	$ 35,321	$ (30,718)	$ 4,604

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities:
Net loss	$ (9,644,000)	$ (2,884,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	6,000	8,000
Accretion of discount on note receivable	(46,000)
Amortization of debt discount	130,000	211,000
Stock based compensation expense	5,044,000	1,278,000
Warrant issued for services	1,241,000	87,000
Gain on disposal of property and equipment	(1,000)
Changes in assets and liabilities:
Inventory	(120,000)
Other current assets	(103,000)	(46,000)
Other non-current assets	3,000	2,000
Accounts payable	73,000	78,000
Accrued liabilities	9,000	(322,000)
Deferred revenue		(68,000)
Net cash used in operating activities	(3,408,000)	(1,656,000)
Cash flows from investing activities:
Purchases of property, plant and equipment, net	(34,000)	(46,000)
Investment in note receivable, net	(500,000)
Other Investments		(10,000)
Net cash used in investing activities	(534,000)	(56,000)
Cash flows from financing activities:
Proceeds from issuance of common stock	12,550,000	184,000
Payments for stock rescission		(64,000)
Proceeds from issuance of debt, net of issuance costs	500,000
Principal repayments of debt	(1,510,000)	(8,000)
Payments for deferred offering costs	(1,668,000)	(354,000)
Net cash provided (used) by financing activities	9,872,000	(242,000)
Net change in cash and cash equivalents	5,930,000	(1,954,000)
Cash and cash equivalents at the beginning of the year	938,000	4,537,000
Cash and cash equivalents at the end of the year	6,868,000	2,583,000
Non-cash transactions:
Common stock issued due to debt conversion	726,000
Deferred offering costs reclassifed to equity	838,000
Warrants issued as offering costs	681,000
Supplemental cash flow disclosures:
Cash paid for interest expense	207,000	214,000
Cash paid for income taxes
Stock Issued for Prepaid Services Rescinded [Member]
Non-cash transactions:
Stock issued	100,000
Stock Issued for Services [Member]
Non-cash transactions:
Stock issued	$ 1,250,000

Note 1 - Organization and Opera

Note 1 - Organization and Operations	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Nature of Operations [Text Block]	1. Organization and operations ADOMANI, Inc. (“we”, “us”, “our”, the “Company) was incorporated in Florida in August 2012 November 2016. zero

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. Summary of Significant Accounting Policies Basis of Presentation June 30, 2017 six June 30, 2017 2016, December 31, 2016 2015 253 2 June 19, 2017. six June 30, 2017 not The Company has incurred losses for the past several years while developing infrastructure and planning an initial public offering (“IPO”). The Company incurred net losses of $9.6 $2.9 six June 30, 2017 2016, June 9, 2017, 5 The Company’s independent registered public accounting firm expressed in its report on the Company’s financial statements for the year ended December 31, 2016 six June 30, 2017, Principles of Consolidation Revenue Recognition zero Stock-Based Compensation 718, The Company follows ASC Topic 505 50, 96 18, 505 50, Recent Accounting Pronouncements May 2017, No. 2017 09, 718 718. December 15, 2017. not Reclassification Certain amounts in the 2016 2017 no

Note 3 - Notes Receivable

Note 3 - Notes Receivable	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	3. Notes Receivable On June 29, 2017, $500,000 third may 9% July 31, 2017. December 31, 2017. $500,000 third December 2016 ( 4

Note 4 - Debt

Note 4 - Debt	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Debt Disclosure [Text Block]	4. Debt During 2016, 2015 2014, $42,160, $20,275 $207,465, December 31, 2016, $359,000. 2014, $286,000 third December 31, 2016, third $645,000. three 3% 5% $45,000 $0.50 $600,000, $0.10 2016, $25,000 $645,000 January 30, 2017, $725,584, 6,868,578 June 30, 2017, no No As these notes had an effective conversion price that was less than the fair market value of the Common Stock, these notes gave rise to a beneficial conversion feature totaling $42,160 $20,275 2016 2015, six June 30, 2017 2016, $51,935 $50,532, $0 $51,935 June 30, 2017 December 31, 2016, During 2015, two $5,147,525 third January November 2017 9%. 9% January August 2017 six $514,753, six June 30, 2017 2016, $29,006 $160,688, June 30, 2017, $7,500 January 2016 $10,000 March 2017. September 2016, $884,700 884,700 no On November 18, 2016, $500,000 one 5% March 17, 2017, second $500,000 second 5% November 15, 2017, May 12, 2017, $15,685, In December 2016, $500,000 third June 15, 2017. no $50,000 $500,000 zero zero June 15, 2017. third May 12, 2017 December 31, 2017. six June 30, 2017, $45,833. In January 2015, 2015 9% 1,250,000 $4.00 September 2016, $349,042 2015 $3,347 $87,022 six June 30, 2017 2016, June 30, 2017, Details of notes payable at June 30, 2017 December 31, 2016 As of June 30, As of December 31, Convertible Debt Principal amount outstanding $ - $ 645,000 Cumulative discount for notes with beneficial conversion feature - (349,560 ) Cumulative amortization of debt discount - 297,625 Subtotal of convertible notes $0.10 or $.50/share - 593,065 Notes Payable Principal amount outstanding 4,245,325 5,255,325 Cumulative discount for finance charges incurred (514,753 ) (514,753 ) Cumulative discount for warrant (349,042 ) (349,042 ) Cumulative discount for 9% notes (50,000 ) (50,000 ) Cumulative amortization of finance charges 514,753 485,747 Cumulative amortization of warrant expense 349,042 345,695 Cumulative amortization of 9% notes 50,000 4,167 Subtotal of notes payable 4,245,325 5,177,139 Total of debt $ 4,245,325 $ 5,770,204

Note 5 - Common Stock

Note 5 - Common Stock	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	5. Common Stock Effective January 30, 2017, $645,000 $725,584, 6,868,578 4 In March 2017, 22% 7,000,000 not 2,500,000 6. In March 2016, $5,000 12 February 28, 2017, 12 September 29, 2016, 100,000 $0.00001 November 15, 2016, thirty $800,000 350,000 May 2017, June 8, 2017, $800,000 350,000 100,000 September 2016 350,000 $1.24 5 $5.00 92% 1.75%. three June 30, 2017. On June 9, 2017, 2 2,852,275 342,273 $14,261,375. $2.5 $1,711,365, $10.0 $1,711,365 2,510,002 June 9, 2017, 250,000 $1,250,000, 199,659 199,659 $680,543. 5 $6.00 92% 1.75%. three June 30, 2017.

Note 6 - Stock-based Compensati

Note 6 - Stock-based Compensation	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	6. Stock-Based Compensation In March 2017, 7,000,000 5 In March 2017, 3,600,000 13 three first ten $10.49. $37.6 The assumptions used in the valuation included an expected term of 4.75 86% 2.02%. Stock option activity for the six June 30, 2017 Number of Weighted Weighted Outstanding at December 31, 2016 33,775,000 $ 0.10 Granted 3,600,000 10.49 Forfeited (7,000,000 ) Outstanding at June 30, 2017 30,375,000 $ 3.56 4.5 Exercisable at June 30, 2017 21,586,495 $ 3.56 3.9 Stock-based compensation expense was $5.0 $1.3 six June 30, 2017 2016, June 30, 2017, $38.1 2.62

Note 7 - Commitments

Note 7 - Commitments	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Commitments Disclosure [Text Block]	7. Commitments Employment Agreements September 1, 2014, 5 $240,000 five Effective September 1, 2014, 5 $240,000 five June 2016, two 2014 $120,000 $7,000 Effective January 1, 2017, five $200,000. Operating Leases 2015, February 29, 2016, two February 28, 2018. $44,856. one December 31, 2016, $3,400. 2016, February 28, 2017 one February 2017. $5,200 March 1, 2017 February 28, 2018. Other Agreements 2015, THINKP3 zero December 1, 2015 November 30, 2016. November 21, 2016, November 30, 2017. $8,000 30 In March 2015, $10,000 March 1, 2015, $3,000,000. August 31, 2015, no 2017. December 31, 2016, one $10,000 In 2016, March 2017, 5 The following table summarizes our future minimum payments under contractual commitments, excluding debt, as of June 30, 2017: Payments due by period Total Less than 1 - 3 years 3 - 5 years More than Operating lease obligations 33,688 33,688 - - - Employment contracts 1,640,000 660,000 680,000 300,000 - Total 1,673,688 693,688 680,000 300,000 -

Note 8 - Subsequent Events

Note 8 - Subsequent Events	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Subsequent Events [Text Block]	8. Subsequent Events During July August 2017, $739,500, $1,877 two 9% January February 2017, six 4 On July 28, 2017, $60,000, $6,000 $54,000 4

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation June 30, 2017 six June 30, 2017 2016, December 31, 2016 2015 253 2 June 19, 2017. six June 30, 2017 not The Company has incurred losses for the past several years while developing infrastructure and planning an initial public offering (“IPO”). The Company incurred net losses of $9.6 $2.9 six June 30, 2017 2016, June 9, 2017, 5 The Company’s independent registered public accounting firm expressed in its report on the Company’s financial statements for the year ended December 31, 2016 six June 30, 2017,
Consolidation, Policy [Policy Text Block]	Principles of Consolidation
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition zero
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-Based Compensation 718, The Company follows ASC Topic 505 50, 96 18, 505 50,
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements May 2017, No. 2017 09, 718 718. December 15, 2017. not
Reclassification, Policy [Policy Text Block]	Reclassification Certain amounts in the 2016 2017 no

Note 4 - Debt (Tables)

Note 4 - Debt (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	As of June 30, As of December 31, Convertible Debt Principal amount outstanding $ - $ 645,000 Cumulative discount for notes with beneficial conversion feature - (349,560 ) Cumulative amortization of debt discount - 297,625 Subtotal of convertible notes $0.10 or $.50/share - 593,065 Notes Payable Principal amount outstanding 4,245,325 5,255,325 Cumulative discount for finance charges incurred (514,753 ) (514,753 ) Cumulative discount for warrant (349,042 ) (349,042 ) Cumulative discount for 9% notes (50,000 ) (50,000 ) Cumulative amortization of finance charges 514,753 485,747 Cumulative amortization of warrant expense 349,042 345,695 Cumulative amortization of 9% notes 50,000 4,167 Subtotal of notes payable 4,245,325 5,177,139 Total of debt $ 4,245,325 $ 5,770,204

Note 6 - Stock-based Compensa17

Note 6 - Stock-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Share-based Compensation, Stock Options, Activity [Table Text Block]	Number of Weighted Weighted Outstanding at December 31, 2016 33,775,000 $ 0.10 Granted 3,600,000 10.49 Forfeited (7,000,000 ) Outstanding at June 30, 2017 30,375,000 $ 3.56 4.5 Exercisable at June 30, 2017 21,586,495 $ 3.56 3.9

Note 7 - Commitments (Tables)

Note 7 - Commitments (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]	Payments due by period Total Less than 1 - 3 years 3 - 5 years More than Operating lease obligations 33,688 33,688 - - - Employment contracts 1,640,000 660,000 680,000 300,000 - Total 1,673,688 693,688 680,000 300,000 -

Note 2 - Summary of Significa19

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net Income (Loss) Attributable to Parent	$ (8,078)	$ (1,344)	$ (9,644)	$ (2,884)

Note 3 - Notes Receivable (Deta

Note 3 - Notes Receivable (Details Textual) - USD ($)	Jun. 29, 2017	Dec. 31, 2016	Jun. 30, 2017	Jun. 30, 2016
Notes Receivable, Stated Interest Rate	9.00%
Payments to Acquire Notes Receivable	$ 500,000	$ 500,000	$ 500,000

Note 4 - Debt (Details Textual)

Note 4 - Debt (Details Textual) - USD ($)	May 12, 2017	Jan. 30, 2017	Nov. 18, 2016	Sep. 30, 2016	Mar. 31, 2016	Jan. 31, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Mar. 17, 2017	Jan. 31, 2015
Amortization of Debt Discount (Premium)							$ 130,000	$ 211,000
Accretion of Discount on Note Receivable							46,000
Interest Paid							207,000	214,000
Debt Conversion, Converted Instrument, Amount							726,000
Warrants and Rights Outstanding				$ 349,042
Warrant to be Issued in Place of Debt Proceeds [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights													1,250,000
Class of Warrant or Right, Exercise Price of Warrants or Rights													$ 4
Convertible Debt [Member]
Amortization of Debt Discount (Premium)							51,935	50,532
Debt Instrument, Unamortized Discount							$ 0		$ 51,935
Debt Instrument, Term							3 years
Debt Instrument, Face Amount		$ 645,000							645,000
Gain (Loss) on Conversion of Debt							$ 0
Debt Instrument, Convertible, Beneficial Conversion Feature									42,160	$ 20,275
Convertible Debt [Member] | Notes Payable Convertible at $0.50 [Member]
Debt Instrument, Face Amount							$ 45,000
Debt Instrument, Convertible, Conversion Price							$ 0.50
Convertible Debt [Member] | Notes Payable Convertible at $0.10 [Member]
Convertible Debt							$ 0
Debt Instrument, Face Amount							$ 600,000
Debt Instrument, Convertible, Conversion Price							$ 0.10
Debt Conversion, Converted Instrument, Amount		$ 725,584
Debt Conversion, Converted Instrument, Shares Issued		6,868,578
Convertible Debt [Member] | Notes Payable Convertible at $0.10 [Member] | Chief Financial Officer [Member]
Debt Instrument, Repurchase Amount									$ 25,000
Convertible Debt [Member] | Minimum [Member]
Debt Instrument, Interest Rate, Stated Percentage							3.00%
Debt Instrument, Convertible, Conversion Price							$ 0.10		$ 0.10
Convertible Debt [Member] | Maximum [Member]
Debt Instrument, Interest Rate, Stated Percentage							5.00%
Debt Instrument, Convertible, Conversion Price							$ 0.50		$ 0.50
Secured Debt [Member]
Debt Issuance Costs, Gross							$ 514,753		$ 514,753	$ 514,753
Amortization of Debt Discount (Premium)							29,006	160,688
Debt Instrument, Term										2 years
Debt Instrument, Interest Rate, Stated Percentage										9.00%
Debt Instrument, Face Amount										$ 5,147,525
Repayments of Secured Debt					$ 10,000	$ 7,500
Debt Conversion, Original Debt, Amount				$ 884,700
Debt Conversion, Converted Instrument, Shares Issued				884,700
Gain (Loss) on Conversion of Debt				$ 0
Convertible Subordinated Debt [Member]
Debt Instrument, Interest Rate, Stated Percentage													9.00%
Interest Expense, Debt							3,347	$ 87,022
Various Third Parties [Member]
Proceeds from Convertible Debt											$ 286,000
The 3.8% Shareholder [Member] | First Note to Shareholder [Member]
Debt Instrument, Term			1 year
Debt Instrument, Interest Rate, Stated Percentage			5.00%
Debt Instrument, Face Amount			$ 500,000
The 3.8% Shareholder [Member] | Second Note to Shareholder [Member]
Debt Instrument, Interest Rate, Stated Percentage												5.00%
Debt Instrument, Face Amount												$ 500,000
The 3.8% Shareholder [Member] | First and Second Notes To Shareholders [Member]
Interest Paid	$ 15,685
Unaffiliated Third Party [Member]
Debt Instrument, Fee Amount									$ 50,000
Debt Instrument, Interest Rate, Stated Percentage									0.00%
Debt Instrument, Face Amount									$ 500,000
Company in the Zero Emission Technology Industry [Member]
Financing Receivable, Net									500,000
Accretion of Discount on Note Receivable							$ 45,833
Acaccia [Member]
Convertible Debt									359,000
Proceeds from Convertible Debt									$ 42,160	$ 20,275	$ 207,465

Note 4 - Debt - Long-term Debt

Note 4 - Debt - Long-term Debt (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016	Dec. 31, 2015
Total of debt	$ 4,245,325	$ 5,770,204
Convertible Debt [Member]
Cumulative discount for notes with beneficial conversion feature		(349,560)
Cumulative amortization of debt discount		297,625
Total of debt		593,065
Principal amount outstanding		645,000
Secured Debt [Member]
Cumulative discount for finance charges incurred	(514,753)	(514,753)	$ (514,753)
Cumulative discount for warrant	(349,042)	(349,042)
Cumulative discount for 9% notes	(50,000)	(50,000)
Cumulative amortization of finance charges	514,753	485,747
Cumulative amortization of warrant expense	349,042	345,695
Cumulative amortization of debt discount	50,000	4,167
Total of debt	4,245,325	5,177,139
Principal amount outstanding	$ 4,245,325	$ 5,255,325

Note 4 - Debt - Long-term Deb23

Note 4 - Debt - Long-term Debt (Details) (Parentheticals) - Convertible Debt [Member] - $ / shares	Jun. 30, 2017	Dec. 31, 2016
Minimum [Member]
Convertible notes, price per share (in dollars per share)	$ 0.10	$ 0.10
Maximum [Member]
Convertible notes, price per share (in dollars per share)	$ 0.50	$ 0.50

Note 5 - Common Stock (Details

Note 5 - Common Stock (Details Textual) - USD ($)	Jun. 09, 2017	Jun. 08, 2017	Jan. 30, 2017	Sep. 26, 2016	Mar. 31, 2017	Jun. 30, 2017	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Sep. 30, 2016	Mar. 31, 2016
Debt Conversion, Converted Instrument, Amount							$ 726,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period							7,000,000
Stock Issued During Period, Shares, IPO, Shares Sold by Stockholders	342,273
Stock Issued During Period, Value, New Issues							$ 12,550,000
Payments on Behalf of Selling Shareholders to Purchasing Shareholders	$ 1,711,365
Proceeds from Issuance Initial Public Offering	$ 10,000,000
Stock Issued During Period, Shares, IPO, Including Shares Sold by Stockholders	2,510,002
Stock Issued During Period, Shares, Issued for Services	250,000
Stock Issued During Period, Value, Issued for Services	$ 1,250,000						$ 1,250,000
Warrants and Rights Outstanding										$ 349,042
IPO [Member]
Stock Issued During Period, Shares, New Issues	2,852,275
Stock Issued During Period, Value, New Issues	$ 14,261,375
Payments of Stock Issuance Costs	$ 2,500,000
Warrants Issued to Redwood [Member]
Fair Value Assumptions, Exercise Price						$ 5	$ 5
Fair Value Assumptions, Expected Volatility Rate						92.00%
Fair Value Assumptions, Risk Free Interest Rate						1.75%
Fair Value Assumptions, Expected Term						5 years
Warrants Issued to Boustead Securities [Member]
Fair Value Assumptions, Exercise Price						$ 6	$ 6
Fair Value Assumptions, Expected Volatility Rate						92.00%
Fair Value Assumptions, Risk Free Interest Rate						1.75%
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	199,659
Warrants and Rights Outstanding						$ 680,543	$ 680,543
Fair Value Assumptions, Expected Term						5 years
Redwood Group International Limited [Member]
Consulting Fee, Monthly Fee											$ 5,000
Stock Issued During Period, Shares, Issued for Services				100,000
Agreement to Repurchase Stock, Repurchase Price				$ 0.00001
Payments For Consulting Fees		$ 800,000
Stock Issued During Period, Shares, Issued for Prepaid Services Rescinded		100,000
Warrants and Rights Outstanding						$ 1,240,000	1,240,000
Redwood Group International Limited [Member] | Warrants Issued to Redwood [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		350,000
Dennis Di Ricco [Member]
Percent of Common Stock Owned					22.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period					7,000,000
Shares Sold by Shareholder to Third Party					2,500,000
Convertible Debt [Member]
Debt Instrument, Face Amount			$ 645,000						$ 645,000
Convertible Debt [Member] | Notes Payable Convertible at $0.10 [Member]
Debt Instrument, Face Amount						$ 600,000	$ 600,000
Debt Conversion, Converted Instrument, Amount			$ 725,584
Debt Conversion, Converted Instrument, Shares Issued			6,868,578

Note 6 - Stock-based Compensa25

Note 6 - Stock-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	6 Months Ended
	Mar. 31, 2017	Jun. 30, 2017	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period		7,000,000
Share Price	$ 10.49
Allocated Share-based Compensation Expense		$ 5	$ 1.3
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		$ 38.1
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition		2 years 226 days
Dennis Di Ricco [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	7,000,000
The 13 Employees and Current and Perspective Board Members [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	3,600,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Fair Value	$ 37.6
The 13 Employees and Current and Perspective Board Members [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	4 years 273 days
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	86.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	2.02%

Note 6 - Stock-based Compensa26

Note 6 - Stock-based Compensation - Stock Option Activity (Details)	6 Months Ended
	Jun. 30, 2017$ / sharesshares
Outstanding (in shares) | shares	33,775,000
Outstanding (in dollars per share) | $ / shares	$ 0.10
Granted (in shares) | shares	3,600,000
Granted (in dollars per share) | $ / shares	$ 10.49
Forfeited (in shares) | shares	(7,000,000)
Outstanding (in dollars per share) | $ / shares	$ 3.56
Outstanding (Year)	4 years 182 days
Exercisable at June 30, 2017 (in shares) | shares	21,586,495
Exercisable at June 30, 2017 (in dollars per share) | $ / shares	$ 3.56
Exercisable at June 30, 2017 (Year)	3 years 328 days
Forfeited (in dollars per share) | $ / shares
Outstanding (in shares) | shares	30,375,000

Note 7 - Commitments (Details T

Note 7 - Commitments (Details Textual) - USD ($)	Sep. 01, 2014	Feb. 28, 2017	Jun. 30, 2016	Mar. 31, 2017	Nov. 30, 2016	Jun. 30, 2017	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Licensing Option Agreement, Fees Per Month							$ 10,000
Licensing Option Agreement, Full Investment Amount							3,000,000		$ 3,000,000
Payments for Licensing Option				$ 0				$ 10,000
THINKP3 [Member]
Other Commitments, Service Fees Per Month					$ 8,000
Office and Warehouse Facility, Orange, CA [Member]
Lessee, Operating Lease, Renewal Term									2 years
Operating Lease, Rent Expense, Annual Amount							$ 44,856		$ 44,856
Office Lease Newport Beach, CA [Member]
Lease, Monthly Payment						$ 3,400
Office Space, Los Altos, CA [Member]
Lessee, Operating Lease, Term of Contract		1 year
Operating Lease, Rent Expense, Annual Amount		$ 5,200
Chief Executive Officer [Member]
Officers' Compensation, Percent of Net Profits	5.00%
Employment Agreement, Term of Employment	5 years
Officers' Compensation	$ 240,000
Chief Technology Officer [Member]
Officers' Compensation, Percent of Net Profits	5.00%
Employment Agreement, Term of Employment	5 years
Officers' Compensation	$ 240,000		$ 120,000
Chief Technology Officer [Member] | Commitments to ELO, LLC [Member]
Commitments to Research and Developement, Monthly Expense			$ 7,000
Chief Financial Officer [Member]
Employment Agreement, Term of Employment						5 years
Officers' Compensation						$ 200,000

Note 7 - Commitments - Future M

Note 7 - Commitments - Future Minimum Payments Under Contractual Commitments (Details)	Jun. 30, 2017USD ($)
Operating lease obligations	$ 33,688
Operating lease obligations	33,688
Operating lease obligations
Operating lease obligations
Operating lease obligations
Employment contracts	1,640,000
Employment contracts	660,000
Employment contracts	680,000
Employment contracts	300,000
Employment contracts
Total	1,673,688
Total	693,688
Total	680,000
Total	300,000
Total

Note 8 - Subsequent Events (Det

Note 8 - Subsequent Events (Details Textual) - USD ($)	Jul. 28, 2017	Mar. 31, 2016	Jan. 31, 2016	Aug. 31, 2017	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2015
Payments of Financing Costs					$ 1,668,000	$ 354,000
Interest Paid					$ 207,000	$ 214,000
Secured Debt [Member]
Debt Instrument, Term							2 years
Debt Instrument, Interest Rate, Stated Percentage							9.00%
Repayments of Secured Debt		$ 10,000	$ 7,500
Subsequent Event [Member] | Promissory Note Holder 1 [Member]
Repayments of Secured Debt, Gross	$ 60,000
Payments of Financing Costs	6,000
Repayments of Secured Debt	$ 54,000
Promissory Notes Maturing in January and February 2017 [Member] | Secured Debt [Member]
Debt Instrument, Term							2 years
Debt Instrument, Interest Rate, Stated Percentage							9.00%
Promissory Notes Maturing in January and February 2017 [Member] | Subsequent Event [Member]
Repayments of Secured Debt				$ 739,500
Promissory Notes Maturing in January and February 2017 [Member] | Subsequent Event [Member] | Secured Debt [Member]
Interest Paid				$ 1,877