NanoFlex Power (OPVS) 10-Q 15 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 08, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	NanoFlex Power Corp
Entity Central Index Key	1,571,636
Trading Symbol	OPVS
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,018
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		69,421,778

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash	$ 12,497	$ 61,459
Accounts receivable	116,115	40,490
Unbilled accounts receivable	33,876	27,803
Prepaid expenses and other current assets	16,128	17,448
Total current assets	178,616	147,200
Property and equipment, net	10,474	11,843
Total assets	189,090	159,043
Current liabilities:
Accounts payable	1,765,507	2,093,693
Accounts payable- related party	15,250	12,372
Accrued expenses	1,936,776	1,352,078
Short-term debt, net of unamortized discounts	1,949,166	1,719,690
Short-term debt- related party	2,496,478	2,496,478
Convertible debt, net of unamortized discounts and deferred financing costs	2,480,053	2,069,208
Advances - related party	270,035	343,680
Total current liabilities	10,913,265	10,087,199
Long term convertible debt - related party, net of unamortized discounts	199,415
Total liabilities	11,112,680	10,087,199
Stockholders' deficit:
Common stock, 500,000,000 authorized, $0.0001 par value, 69,421,778 and 67,289,475 issued and outstanding as of March 31, 2018 and December 31, 2017, respectively	6,942	6,729
Common stock payable		681,625
Additional paid-in capital	208,992,103	205,928,610
Accumulated deficit	(219,922,635)	(216,545,120)
Total stockholders' deficit	(10,923,590)	(9,928,156)
Total liabilities and stockholders' deficit	$ 189,090	$ 159,043

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Common stock, shares authorized	500,000,000	500,000,000
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares issued	69,421,778	67,289,475
Common stock, shares outstanding	69,421,778	67,289,475

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Statement [Abstract]
Revenue	$ 149,991	$ 1,700
Cost of services	(149,991)	(38,002)
Gross loss		(36,302)
Operating expenses:
Research and development	145,781	189,161
Patent application and prosecution fees	327,157	363,603
Selling, general and administrative expenses	474,944	650,781
Total operating expenses	947,882	1,203,545
Loss from operations	(947,882)	(1,239,847)
Other income (expense):
Gain on change in fair value of derivative		4,481,736
Loss on extinguishment of debt	(1,820,764)
Gain (loss) on settlement of accrued interest	32,800	(33,600)
Interest expense	(641,669)	(629,513)
Total other income (expense)	(2,429,633)	3,818,623
Net income (loss)	$ (3,377,515)	$ 2,578,776
Net income (loss) per common share:
Basic	$ (0.05)	$ 0.04
Diluted	$ (0.05)	$ (0.02)
Weighted average common shares outstanding:
Basic	68,158,463	60,685,049
Diluted	68,158,463	76,202,016

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (3,377,515)	$ 2,578,776
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation expense	1,369	1,556
Warrants and options issued as compensation	81,772	192,806
Interest expense of warrants related to conversion of debt		72,591
Amortization of debt discounts	337,333	465,768
Loss on extinguishment of debt	1,802,412
(Gain) loss on settlement of accrued interest with stock	(32,800)	33,600
Common shares issued for services	10,000
Gain on change in fair value of derivative liabilities		(4,481,736)
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	1,320	3,320
Accounts receivable	(81,698)
Accounts payable	(328,186)	(231,166)
Accounts payable - related party	2,878	(2,470)
Accrued expenses	680,698	131,608
Net cash used in operating activities	(902,417)	(1,235,347)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of fixed assets		(2,437)
Net cash used in investing activities		(2,437)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sale of common shares and warrants		50,000
Subscription proceeds received for common stock and warrants to be issued		193,750
Borrowings on related party debt	300,000	500,000
Borrowings on promissory note debt	75,000
Borrowings on convertible debt	595,100	650,000
Repayments on convertible debt	(43,000)
Advances received from related party	8,000	10,000
Advances repaid to related party	(81,645)	(40,000)
Net cash provided by financing activities	853,455	1,363,750
NET INCREASE (DECREASE) IN CASH	(48,962)	125,966
Cash, beginning of the period	61,459	2,986
Cash, end of the period	12,497	128,952
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid for interest		9,670
Cash paid for income taxes
NON-CASH INVESTING AND FINANCING ACTIVITIES
Principal and interest converted into common stock		388,300
Common shares issued for legal settlement	681,625
Common stock and warrants issued for accrued interest	23,200	168,000
Debt discount on beneficial conversion feature and warrants issued with convertible debt	494,697	537,891
Accrued interest roll over to principal per modification	$ 40,000

Background, Basis of Presentati

Background, Basis of Presentation, and Going Concern	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BACKGROUND, BASIS OF PRESENTATION, AND GOING CONCERN	1. BACKGROUND, BASIS OF PRESENTATION, AND GOING CONCERN Background NanoFlex Power Corporation (‘we” “our”, the “Company”), formerly known as Universal Technology Systems, Corp., was incorporated in the State of Florida on January 28, 2013. On September 24, 2013, the Company completed the acquisition of Global Photonic Energy Corporation, a Pennsylvania corporation (“GPEC”), pursuant to a Share Exchange Agreement (the “Share Exchange Transaction”). Immediately following the closing of the Share Exchange Transaction, the Company owned 100% of the equity interests of GPEC and GPEC became a wholly-owned subsidiary of the Company. On November 25, 2013, the Company changed its name from “Universal Technology Systems, Corp.” to “NanoFlex Power Corporation” and its trading symbol was changed to “OPVS” on December 26, 2013. GPEC was incorporated in Pennsylvania on February 7, 1994. The Company is organized to fund, develop, commercialize and license advanced photovoltaic technologies that enable thin film solar products with what we believe to be industry-leading efficiencies, light weight, flexibility, and low total system cost. These technologies are targeted at certain broad applications, including: (a) portable and off-grid power generation, (b) building applied photovoltaics (“BAPV”), (c) building integrated photovoltaics (“BIPV”), (d) space vehicles and unmanned aerial vehicles (“UAVs”), (e) semi-transparent solar power generating windows or glazing, and (f) ultra-thin solar films for automobiles or other consumer applications. We believe these technologies have been demonstrated in a laboratory environment with our research partners. The Company is currently taking steps to pursue product development and commercialization on some of these technologies in collaboration with industry partners and potential customers. Basis of Presentation The accompanying unaudited interim consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures have been omitted pursuant to such rules and regulations. In the opinion of management, the accompanying consolidated financial statements include normal recurring adjustments that are necessary for a fair presentation of the results for the interim periods presented. These consolidated financial statements should be read in conjunction with our audited consolidated financial statements and notes thereto for the fiscal year ended December 31, 2017 included in our Annual Report on Form 10-K. The results of operations for the three months ended March 31, 2018 are not necessarily indicative of results to be expected for the full fiscal year or any other periods. The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make a number of estimates and judgments that affect the reported amounts of assets, liabilities, expenses, and related disclosures. Actual results may differ from these estimates. Certain balances were reclassified from Convertible debt, net of unamortized discounts and deferred financing costs to short-term debt, net of unamortized discounts, net for the year ended December 31, 2017 to conform to the current year presentation. Revenue Recognition Adoption of ASC Topic 606, "Revenue from Contracts with Customers" On January 1, 2018, we adopted Topic 606 using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting under Topic 605. There was no impact to the opening balance of accumulated deficit or revenues for the quarter ended March 31, 2018 as a result of applying Topic 606. The Company applies a five-step approach in determining the amount and timing of revenue to be recognized: (1) identifying the contract with a customer, (2) identifying the performance obligations in the contract, (3) determining the transaction price, (4) allocating the transaction price to the performance obligations in the contract and (5) recognizing revenue when the performance obligation is satisfied. Substantially all of the Company’s revenue is recognized at the time control of the products transfers to the customer. The Company generates revenue from our Joint Development Agreements (“JDA’s”) and our ARL contract. R&D engineering services through JDA’s are a core component of the Company’s operations and business model, since they are a necessary prerequisite to obtaining intellectual property licensing agreements with customers. As such, R&D engineering services are expected to be a sustained revenue stream for the Company as it works with additional customers and the services constitute a portion of the Company’s ongoing central operations. The Company has identified the promise to provide engineering services as its performance obligation, which is satisfied over time. The Company has a right to consideration from its customer an amount that corresponds directly with the value to the customer of the Company’s performance completed to date. As allowed by a practical expedient in Topic 606, the entity recognizes revenue in the amount to which the entity has a right to invoice. The term between invoicing and when payment is due is not significant. Due to the fact that the client only has one type of service and only a few customers, disaggregation is deemed unnecessary. Going Concern The Company has generated limited revenue to date. The Company has a working capital deficit of $10,734,649 and an accumulated deficit of $219,922,635 as of March 31, 2018. The ability of the Company to continue as a going concern is dependent on raising capital to fund ongoing operations and carry out its business plan and ultimately to attain profitable operations. Accordingly, these factors raise substantial doubt as to the Company’s ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence. To date, the Company has funded its initial operations primarily by way of the sale of equity securities, convertible note financing, short term financing from private parties, and advances from related parties. Fair Value ASC 820 Fair Value Measurements and Disclosures (“ASC 820”) defines fair value, establishes a framework for measuring fair value and enhances disclosures about fair value measurements. It defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities that are not active; and model-driven valuations whose inputs are observable or whose significant value drivers are observable. Valuations may be obtained from, or corroborated by, third-party pricing services. Level 3: Unobservable inputs to measure fair value of assets and liabilities for which there is little, if any market activity at the measurement date, using reasonable inputs and assumptions based upon the best information at the time, to the extent that inputs are available without undue cost and effort. The following table sets forth a reconciliation of changes in the fair value of financial assets and liabilities classified as Level 3 in the fair value hierarchy: Significant Unobservable Inputs (Level 3) Three Months Ended 2018 2017 Beginning balance $ - $ 11,985,141 Change in fair value (4,481,736 ) Ending balance $ - $ 7,503,405 Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02 ,” Leases” (Topic 842) In May 2016, the FASB issued ASU No. 2016-12, “ Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients In May 2017, the FASB issued ASU No. 2017-09, “Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting”,

Debt

Debt	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
DEBT	2. DEBT Short Term Convertible Debt During the three months ended March 31, 2018, the Company borrowed an aggregate of $595,100, net of original issue discounts and fees of $53,956, under convertible notes payable. As of March 31, 2018, and December 31, 2017, the Company had outstanding convertible notes payable of $2,480,053 and $2,069,208, net of unamortized discounts of $563,438 and $390,687, respectively. The outstanding convertible notes of the Company are unsecured, bear interest between 0% and 12% per annum and mature between July 2018 and March 2019. Aggregate amortization of the debt discounts on convertible debt for the three months ended March 31, 2018 and 2017 was $211,406 and $406,971, respectively. Three of the above referenced convertible notes payable are convertible at $0.50 per share. One of the above referenced notes is convertible at $0.50 per share except that if an event of default occurs, the conversion price becomes variable. One of the above referenced notes is convertible at $0.50 per share for the first 180 days following its issuance, and thereafter at a conversion price equal to 60% of the lowest sale price of the common stock during the 20 consecutive trading days prior to the date of conversion. One of the above referenced notes is convertible 180 days after issuance at a conversion price equal to 61% of the market price (market price is the average of the lowest two trading prices and trading price is the closing bid price of the common stock on a day the common stock is traded). One of the above referenced notes has an optional conversion into a subsequent note offering at a 15% discount. During the three months ended March 31, 2018, the Company paid off short-term convertible debt of $43,000. This resulted in a prepayment penalty loss recorded as loss on debt extinguishment of $18,352. During the three months ended March 31, 2018, an aggregate of $19,056 of original issue discounts were added to two convertible notes as a result of the Most Favored Nations Provision triggered by a transaction with another noteholder. In addition, 158,333 warrants to purchase shares of the Company’s common stock were issued with a 10-year term and an exercise price of $1.00 per share. The Company fair valued the warrants using the black-scholes model and recorded a loss on extinguishment of debt of $33,237. Short Term Convertible Debt - Related Party In October 2017, the Company entered into an agreement with a major shareholder pursuant to which the Company and the major shareholder agreed to convert six previously issued promissory notes issued to the major shareholder upon their specific expiration dates, together with an additional investment amount of $1,000,000, which was received by the Company on October 18, 2017, into a convertible promissory note which totaled $2,496,478. This note has a term of one year and accrues interest at 10% for every four months that it is issued and can be converted at the option of the major shareholder into an investment into the Company’s next offering of its convertible promissory notes and warrants, at a 15% discount thereto. Further, pursuant to this agreement, on October 18, 2017, the major shareholder was issued a warrant, with a ten-year term, to purchase 1,000,000 shares of the Company’s common stock at an exercise price of $0.50. The relative fair value of the 1,000,000 warrants was $247,586 which was recorded as a loss on extinguishment of debt since the change in value was greater than 10%. This note also gave rise to a beneficial conversion feature of $116,208 which is recognized as additional paid in capital and a corresponding debt discount. All debt discounts are being recognized on a straight-line basis over the term of the note. The note also contains an additional warrant expense of $1,132,999 associated with the warrants that are to be issued upon conversion, which is to be recognized only upon conversion. As of March 31, 2018, and December 31, 2017, the Company had outstanding short term related party convertible notes payable of $2,496,478. Long Term Convertible Debt - Related Party In March 2018, the Company borrowed $300,000 under a long-term note agreement with a major shareholder. The note accrues interest at 8% per year payable in stock the first two years and in cash or stock thereafter, at the shareholders choice, and has a 5-year term. Further, the major shareholder was issued 140,000 shares of common stock and a warrant to purchase 500,000 shares of the Company’s common stock with a 7-year term and an exercise price of $0.60 per share. This note is convertible at $0.60 per share into common stock. The relative fair value of the 500,000 warrants was $108,300 which was recognized as a discount to the debt. The debt discount is being recognized on a straight-line basis over the term of the note. Amortization expense was $7,715 during the three months ended March 31, 2018. As of March 31, 2018, and December 31, 2017, the Company had outstanding long term related party convertible notes payable of $199,415 and $0, net of unamortized discounts of $100,585 and $0. Short Term Non-Convertible Debt During the three months ended March 31, 2018, the Company borrowed an aggregate of $75,000 under non-convertible notes payable. As of March 31, 2018, and December 31, 2017, the Company had outstanding notes payable of $1,949,166 and $1,719,690, net of unamortized discounts of $90,834 and $175,311. These notes payable of the Company are unsecured, bear interest between 0% and 12% per annum and mature between January 2018 and September 2018. Aggregate amortization of the debt discounts on non-convertible debt for the three months ended March 31, 2018 and 2017 was $118,212 and $58,797, respectively. Total debt discount recorded in the three months ended March 31, 2018 was $33,736. During the three months ended March 31, 2018, the Company entered into letter agreements with three non-convertible noteholders, pursuant to which an aggregate of 5,300,000 warrants and 100,000 shares of the Company’s common stock were issued in exchange for extending the maturity dates of these notes. The warrants have a 10-year term and an exercise price of $0.50 per share. The modification of these non-convertible notes resulted in accrued interest added to principal of $40,000, an additional $30,000, which was recorded as loss on extinguishment of debt. Advances – Related Party During the three months ended March 31, 2018, the Company received advances from its Chief Executive Officer totaling $8,000, and repaid advances totaling $81,645. During the three months ended March 31, 2017, the Company received advances from its Chief Executive Officer totaling $10,000, and repaid advances totaling $40,000. As of March 31, 2018, and December 31, 2017, the aggregate outstanding balance of advances to related parties was $270,035 and $343,680, respectively. Derivative Liabilities - Convertible Notes As of January 1, 2017, The Company changed its method of accounting for the debt and warrants through the early adoption of ASU 2017-11. The Company reclassified the December 31, 2016, conversion option derivative liabilities balance of $3,156,736 to additional paid in capital and accumulated deficit on its January 1, 2017 consolidated balance sheets. Accounts Payable - Related Party As of March 31, 2018, and December 31, 2017, there is $15,250 and $12,372, respectively, due to related parties, which is non-interest bearing and due on demand.

Equity

Equity	3 Months Ended
	Mar. 31, 2018
Stockholders' deficit:
EQUITY	3. EQUITY Common Stock On January 15, 2018, the Company issued 30,303 shares of its common stock to a consultant pursuant to a consulting agreement. The fair value of the common stock was determined to be $10,000 based on the stock price on January 15, 2018. On February 12, 2018, the Company entered into a letter agreement with an investor pursuant to which, the investor agreed to extend the maturity date of a promissory note which expired on February 12, 2018, to a new maturity date of May 14, 2018, and in exchange for agreeing to extend the maturity date of such note, the investor was issued 100,000 shares of the Company’s common stock and a warrant to purchase 2,000,000 shares of the Company’s common stock with a $0.50 exercise price per share and a 10 year term. The fair value of the warrants was determined to be $599,096 using the Black-Scholes option pricing model. The fair value of the common stock was determined to be $30,900 based on the stock price on February 12, 2018. These fair values were recorded as a total loss on extinguishment of debt of $629,996. On February 23, 2018, the Company issued 1,750,000 shares of its common stock related to the settlement with John Kuhns. The fair value of the common stock was determined to be $681,625 based on the stock price on August 29, 2017, which was the original grant date. On March 5, 2018, the Company issued 140,000 shares of the Company’s common stock to a related party pursuant to a letter agreement. The relative fair value of the common stock was determined to be $25,040 and is included in the beneficial conversion feature discount discussed in the warrants section below. In March 2018, the Company issued 112,000 shares of the Company’s common stock to certain note holders in exchange for accrued interest of $56,000. The fair value of the common stock was determined to be $23,200 and resulted in a gain on settlement of accrued interest of $32,800. Stock Options A summary of stock option activity during the three months ended March 31, 2018 is as follows: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (years) Outstanding at December 31, 2017 215,000 $ 0.65 9.0 Granted - - Exercised - - Forfeited - - Outstanding at March 31, 2018 215,000 $ 0.65 9.8 Exercisable at March 31, 2018 69,000 $ 0.66 9.5 Stock option awards are expensed on a straight-line basis over the requisite service period. During the three months ended March 31, 2018 and 2017 the Company recognized expense of $9,811, and $6,720, respectively, associated with stock option awards. At March 31, 2018, future stock compensation expense (net of estimated forfeitures) not yet recognized was $102,852 and will be recognized over a weighted average remaining vesting period of 2.6 years. The intrinsic value of the Company’s stock options outstanding was $0 at March 31, 2018. Warrants Employee Warrants On September 1, 2015, the Company entered into an Employment Agreement (the “Employment Agreement”) with Mark Tobin in his capacity as the Company’s Chief Financial Officer. Pursuant to the Employment Agreement, on September 1, 2015 the Company issued Mr. Tobin warrants to purchase 1,500,000 shares of the Company’s common stock at $1.00 per share (the “Warrant Shares”). The fair value of the warrants was determined to be $2,835,061 using the Black-Scholes option pricing model. 375,000 of the Warrant Shares vested on September 1, 2015, an additional 375,000 warrant shares vested on the first anniversary date of the Employment Agreement. On May 15, 2017, Mr. Tobin terminated his employment with the Company. On May 15, 2017, the Company entered into an agreement with Mr. Tobin allowing his third tranche of 375,000 Warrant Shares to vest on September 1, 2017 in exchange for consulting services. The remaining fourth tranche of 375,000 warrants were forfeited upon termination of the Employment Agreement. The agreement contains an anti-dilution provision and therefore the exercise price was reset to $0.50 per share during the year ended December 31, 2017.Warrant expense of $147,659 was recognized during the three months ended March 31, 2017. On May 18, 2017, the Company entered into an Employment Agreement (the “Employment Agreement”) with Ron DaVella in his capacity as the Company’s Chief Financial Officer. Pursuant to the Employment Agreement, on May 18, 2017 the Company issued Mr. DaVella warrants to purchase 1,800,000 shares of the Company’s common stock at $0.50 per share (the “Warrant Shares”). The fair value of the warrants was determined to be $743,416 using the Black-Scholes option pricing model. 450,000 of the Warrant Shares vested on May 18, 2017, an additional 450,000 warrant shares will vest on the first anniversary date of the Employment Agreement, an additional 450,000 warrant shares will vest on the second anniversary date of the Employment Agreement, and, an additional 450,000 warrant shares will vest on the third anniversary date of the Employment Agreement. Warrant expense of $85,183 and $0 was recognized during the three months ended March 31, 2018 and 2017, respectively. Total warrant expense for employee warrants of non-forfeited tranches was $85,183 and $147,659 for the three months ended March 31, 2018 and 2017, respectively. Non-Employee Warrants On November 4, 2015, the Company entered into an amendment to the Independent Contractor Agreement (the “Amendment”) with a service provider pursuant to which the service provider is to be issued warrants to purchase 2,400,000 shares of the Company’s common stock at $1.00 per share (the “Warrant Shares”). 1,200,000 of the Warrant Shares vested on November 4, 2015, an additional 600,000 Warrant Shares vested on November 4, 2016, and an additional 600,000 Warrant Shares vested on November 4, 2017. The fair value of the first 1,200,000 Warrants Shares was determined to be $1,115,964 using the Black-Scholes option pricing model and was recognized as expense during the year ended December 31, 2015. The fair value of the 600,000 Warrant Shares that vested November 4, 2016 was determined to be $559,900 and was recognized as expense during the year ended December 31, 2016. The fair value of the 600,000 Warrants Shares that vested November 4, 2017 was $183,660 and was recognized as expense during the year ended December 31, 2017. Warrant expense of $68,412 was recaptured during the three months ended March 31, 2017. On May 13, 2016, the Company entered into an agreement with a service provider pursuant to which the service provider is to be issued warrants to purchase 1,000,000 shares of the Company’s common stock at $1.00 per share (the “Warrant Shares”). 500,000 of the Warrant Shares vested on May 13, 2016, 250,000 warrant shares vested on May 13, 2017, and an additional 250,000 Warrant Shares will vest on the second anniversary date of the agreement. The agreement contains an anti-dilution provision and therefore the exercise price was reset to $0.50 per share during the year ended December 31, 2016. The fair value of the first 500,000 Warrant Shares was determined to be $388,888 using the Black-Scholes option pricing model and was recognized as expense and as derivative liabilities during the year ended December 31, 2016. The fair value of the first 250,000 Warrant Shares was determined to be $93,545 using the Black-Scholes option pricing model of which $52,457 of expense was recaptured during the year ended December 31, 2017. The fair value of the remaining tranche of 250,000 Warrant Shares was determined to total $60,392 as of March 31, 2018 using the Black-Scholes option pricing model of which $13,222 of expense was recaptured during the three months ended March 31, 2018. During the three months ended March 31, 2018, the Company issued 250,000 warrants for the Company’s common shares with a strike price of $0.50 per share, with promissory notes of $75,000. The relative fair value of the warrants of $33,736 was recognized as a debt discount which is being amortized on a straight-line basis over the term of the notes. The Company recognized interest expense of $7,203 associated with the amortization of debt discount on the notes and warrants issued during the current year for the three months ended March 31, 2018. During the three months ended March 31, 2018, the Company issued an aggregate of 1,494,000 warrants with six convertible notes totaling $644,056. The relative fair value of the warrants was determined to be $288,919, which was recognized as a discount to the debt. This note also gave rise to a beneficial conversion feature of $63,742 which is recognized as additional paid in capital and a corresponding debt discount. All debt discounts are being recognized on a straight-line basis over the term of the notes. Amortization expense was $67,033 for the three months ended March 31, 2018. During the three months ended March 31, 2018, the Company issued an aggregate of 5,458,333 warrants to purchase the Company’s common stock in conjunction with debt modification agreements. The warrants have a 10-year term and exercise prices ranging from $0.50 to $1.00 per share. The fair value of the warrants was determined to be $1,741,512 using the Black-Scholes option pricing model which was recognized as loss on extinguishment of debt during the three months ended March 31, 2018. The Company recaptured a total of $13,222 on warrants issued to non-employees for services provided during the three months ended March 31, 2018. The following summarizes the warrant activity for the three months ended March 31, 2018: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value Outstanding as of December 31, 2017 79,381,367 $ 0.51 4.4 $ 10,700 Granted 7,757,333 0.53 Expired - - Exercised - - Outstanding as of March 31, 2018 87,138,700 $ 0.62 4.6 $ - Exercisable as of March 31, 2018 85,538,700 $ 0.63 4.6 $ - Derivative Liabilities - Warrants As of January 1, 2017, the Company changed its method of accounting for the debt and warrants through the early adoption of ASU 2017-11. The Company reclassified the December 31, 2016 warrant derivative liabilities balance of $8,828,405 to additional paid in capital and accumulated deficit on its January 1, 2017 consolidated balance sheets. The statements of operations and cash flows for the three months ended March 31, 2017 have not been restated.

Net Earnings (Loss) Per Share

Net Earnings (Loss) Per Share	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
NET EARNINGS (LOSS) PER SHARE	4. NET EARNINGS (LOSS) PER SHARE Three Months Ended 2018 2017 Net income (loss) $ (3,377,515 ) $ 2,578,776 Less: decrease in fair value of warrants, net of income tax - (2,902,756 ) Less: decrease in fair value of convertible debt, net of income tax - (1,293,707 ) Less: interest expense - convertible debt - (47,710 ) Loss available to common stockholders (3,377,515 ) (1,665,397 ) Basic weighted average common shares outstanding 68,158,463 60,685,049 Plus: incremental shares from assumed exercise- warrants - 11,016,303 Plus: incremental shares from assumed conversion- convertible debt - 4,100,000 Plus: incremental shares from assumed conversion-units - 400,663 Adjusted weighted average common shares outstanding 68,158,463 76,202,015 Net income (loss) per share: Basic $ (0.05 ) $ 0.04 Diluted $ (0.05 ) $ (0.02 )

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	5. COMMITMENTS AND CONTINGENCIES Lease Commitments In November 2013, the Company entered into a 60-month lease agreement for its corporate facility in Arizona. Total rent expense for the three months ended March 31, 2018 and 2017 was $35,158 and $29,194, respectively. Future minimum lease payments are as follows: 2018 (remainder) $ 50,258 2019 - 2020 - 2021 - 2022 - Thereafter - Total $ 50,258 Concentrations All of the Company’s revenue and accounts receivable are currently earned from one customer. Legal Matters As reported in the Company’s prior filings, and specifically as described in the Company’s quarterly report for the quarter ended June 30, 2017, which was filed with the SEC on August 9, 2017, the Company was a party to a lawsuit in the United States District Court Southern District of New York, which was brought by John D. Kuhns. The parties have settled the matter. Pursuant to the settlement, all claims against the Company have been dismissed in exchange for issuing Mr. Kuhns 1,750,000 shares of the Company’s common stock and a promissory note for $125,000. This resulted in a loss on settlement of $633,292 recognized during 2017. The note is accruing interest at 12% per annum and due on May 31, 2018. The common stock was issued during the three months ended March 31, 2018.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	6. SUBSEQUENT EVENTS In April 2018, the Company borrowed an aggregate of $75,000 and issued two non-convertible promissory notes with terms ranging from three to six months and interest rates of 8% per year. In connection with one of the notes, the Company issued warrants to purchase 100,000 shares of the Company’s Common Stock with a $0.50 exercise price per share and a 10-year term. In April and May of 2018, the Company borrowed an aggregate of $310,000 and issued three convertible promissory notes with terms ranging from 9 months to five-years and interest rates ranging from 8% to 12% per year. In connection with these notes, the Company issued warrants to purchase an aggregate of 278,333 shares of the Company’s Common Stock with exercise prices ranging from $0.60 to $1.00 per share and terms ranging from five to seven years. In May 2018, the Company issued warrants to purchase 300,000 shares of the Company’s Common Stock in exchange for services. The warrants have an exercise price of $0.50 and a 10-year term. In May 2018, the Company paid off short-term convertible debt of $108,000. This resulted in a prepayment penalty loss recorded as loss on debt extinguishment of $54,388.

Background, Basis of Presenta12

Background, Basis of Presentation, and Going Concern (Policies)	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Background	Background NanoFlex Power Corporation (‘we” “our”, the “Company”), formerly known as Universal Technology Systems, Corp., was incorporated in the State of Florida on January 28, 2013. On September 24, 2013, the Company completed the acquisition of Global Photonic Energy Corporation, a Pennsylvania corporation (“GPEC”), pursuant to a Share Exchange Agreement (the “Share Exchange Transaction”). Immediately following the closing of the Share Exchange Transaction, the Company owned 100% of the equity interests of GPEC and GPEC became a wholly-owned subsidiary of the Company. On November 25, 2013, the Company changed its name from “Universal Technology Systems, Corp.” to “NanoFlex Power Corporation” and its trading symbol was changed to “OPVS” on December 26, 2013. GPEC was incorporated in Pennsylvania on February 7, 1994. The Company is organized to fund, develop, commercialize and license advanced photovoltaic technologies that enable thin film solar products with what we believe to be industry-leading efficiencies, light weight, flexibility, and low total system cost. These technologies are targeted at certain broad applications, including: (a) portable and off-grid power generation, (b) building applied photovoltaics (“BAPV”), (c) building integrated photovoltaics (“BIPV”), (d) space vehicles and unmanned aerial vehicles (“UAVs”), (e) semi-transparent solar power generating windows or glazing, and (f) ultra-thin solar films for automobiles or other consumer applications. We believe these technologies have been demonstrated in a laboratory environment with our research partners. The Company is currently taking steps to pursue product development and commercialization on some of these technologies in collaboration with industry partners and potential customers.
Basis of Presentation	Basis of Presentation The accompanying unaudited interim consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures have been omitted pursuant to such rules and regulations. In the opinion of management, the accompanying consolidated financial statements include normal recurring adjustments that are necessary for a fair presentation of the results for the interim periods presented. These consolidated financial statements should be read in conjunction with our audited consolidated financial statements and notes thereto for the fiscal year ended December 31, 2017 included in our Annual Report on Form 10-K. The results of operations for the three months ended March 31, 2018 are not necessarily indicative of results to be expected for the full fiscal year or any other periods. The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make a number of estimates and judgments that affect the reported amounts of assets, liabilities, expenses, and related disclosures. Actual results may differ from these estimates. Certain balances were reclassified from Convertible debt, net of unamortized discounts and deferred financing costs to short-term debt, net of unamortized discounts, net for the year ended December 31, 2017 to conform to the current year presentation.
Revenue Recognition	Revenue Recognition Adoption of ASC Topic 606, "Revenue from Contracts with Customers" On January 1, 2018, we adopted Topic 606 using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting under Topic 605. There was no impact to the opening balance of accumulated deficit or revenues for the quarter ended March 31, 2018 as a result of applying Topic 606. The Company applies a five-step approach in determining the amount and timing of revenue to be recognized: (1) identifying the contract with a customer, (2) identifying the performance obligations in the contract, (3) determining the transaction price, (4) allocating the transaction price to the performance obligations in the contract and (5) recognizing revenue when the performance obligation is satisfied. Substantially all of the Company’s revenue is recognized at the time control of the products transfers to the customer. The Company generates revenue from our Joint Development Agreements (“JDA’s”) and our ARL contract. R&D engineering services through JDA’s are a core component of the Company’s operations and business model, since they are a necessary prerequisite to obtaining intellectual property licensing agreements with customers. As such, R&D engineering services are expected to be a sustained revenue stream for the Company as it works with additional customers and the services constitute a portion of the Company’s ongoing central operations. The Company has identified the promise to provide engineering services as its performance obligation, which is satisfied over time. The Company has a right to consideration from its customer an amount that corresponds directly with the value to the customer of the Company’s performance completed to date. As allowed by a practical expedient in Topic 606, the entity recognizes revenue in the amount to which the entity has a right to invoice. The term between invoicing and when payment is due is not significant. Due to the fact that the client only has one type of service and only a few customers, disaggregation is deemed unnecessary.
Going Concern	Going Concern The Company has generated limited revenue to date. The Company has a working capital deficit of $10,734,649 and an accumulated deficit of $219,922,635 as of March 31, 2018. The ability of the Company to continue as a going concern is dependent on raising capital to fund ongoing operations and carry out its business plan and ultimately to attain profitable operations. Accordingly, these factors raise substantial doubt as to the Company’s ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence. To date, the Company has funded its initial operations primarily by way of the sale of equity securities, convertible note financing, short term financing from private parties, and advances from related parties.
Fair Value	Fair Value ASC 820 Fair Value Measurements and Disclosures (“ASC 820”) defines fair value, establishes a framework for measuring fair value and enhances disclosures about fair value measurements. It defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities that are not active; and model-driven valuations whose inputs are observable or whose significant value drivers are observable. Valuations may be obtained from, or corroborated by, third-party pricing services. Level 3: Unobservable inputs to measure fair value of assets and liabilities for which there is little, if any market activity at the measurement date, using reasonable inputs and assumptions based upon the best information at the time, to the extent that inputs are available without undue cost and effort. The following table sets forth a reconciliation of changes in the fair value of financial assets and liabilities classified as Level 3 in the fair value hierarchy: Significant Unobservable Inputs (Level 3) Three Months Ended 2018 2017 Beginning balance $ - $ 11,985,141 Change in fair value (4,481,736 ) Ending balance $ - $ 7,503,405
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02 ,” Leases” (Topic 842) In May 2016, the FASB issued ASU No. 2016-12, “ Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients In May 2017, the FASB issued ASU No. 2017-09, “Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting”,

Background, Basis of Presenta13

Background, Basis of Presentation, and Going Concern (Tables)	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of reconciliation of changes in the fair value of financial assets and liabilities	Significant Unobservable Inputs (Level 3) Three Months Ended 2018 2017 Beginning balance $ - $ 11,985,141 Change in fair value (4,481,736 ) Ending balance $ - $ 7,503,405

Equity (Tables)

Equity (Tables)	3 Months Ended
	Mar. 31, 2018
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of stock option / warrant activity	Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (years) Outstanding at December 31, 2017 215,000 $ 0.65 9.0 Granted - - Exercised - - Forfeited - - Outstanding at March 31, 2018 215,000 $ 0.65 9.8 Exercisable at March 31, 2018 69,000 $ 0.66 9.5
Warrant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of stock option / warrant activity	Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value Outstanding as of December 31, 2017 79,381,367 $ 0.51 4.4 $ 10,700 Granted 7,757,333 0.53 Expired - - Exercised - - Outstanding as of March 31, 2018 87,138,700 $ 0.62 4.6 $ - Exercisable as of March 31, 2018 85,538,700 $ 0.63 4.6 $ -

Net Earnings (Loss) Per Share (

Net Earnings (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Schedule of net earnings (loss) per share	Three Months Ended 2018 2017 Net income (loss) $ (3,377,515 ) $ 2,578,776 Less: decrease in fair value of warrants, net of income tax - (2,902,756 ) Less: decrease in fair value of convertible debt, net of income tax - (1,293,707 ) Less: interest expense - convertible debt - (47,710 ) Loss available to common stockholders (3,377,515 ) (1,665,397 ) Basic weighted average common shares outstanding 68,158,463 60,685,049 Plus: incremental shares from assumed exercise- warrants - 11,016,303 Plus: incremental shares from assumed conversion- convertible debt - 4,100,000 Plus: incremental shares from assumed conversion-units - 400,663 Adjusted weighted average common shares outstanding 68,158,463 76,202,015 Net income (loss) per share: Basic $ (0.05 ) $ 0.04 Diluted $ (0.05 ) $ (0.02 )

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum lease payments	2018 $ 50,258 2019 - 2020 - 2021 - 2022 - Thereafter - Total $ 50,258

Background, Basis of Presenta17

Background, Basis of Presentation, and Going Concern (Details) - Fair Value, Inputs, Level 3 [Member] - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance		$ 11,985,141
Change in fair value		(4,481,736)
Ending balance		$ 7,503,405

Background, Basis of Presenta18

Background, Basis of Presentation, and Going Concern (Details Textual) - USD ($)	Mar. 31, 2018	Dec. 31, 2017	Sep. 24, 2013
Background, Basis of Presentation, and Going Concern (Textual)
Equity interests, ownership percentage			100.00%
Working capital deficit	$ 10,734,649
Accumulated deficit	$ (219,922,635)	$ (216,545,120)

Debt (Details)

Debt (Details) - USD ($)	1 Months Ended	3 Months Ended
	Oct. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Oct. 18, 2017	Dec. 31, 2016
Debt (Textual)
Outstanding debt		$ 1,949,166		$ 1,719,690
Outstanding convertible notes payable		$ 2,480,053		$ 2,069,208
Percentage of interest rate		12.00%
Amortization of debt discounts		$ 337,333	$ 465,768
Beneficial conversion feature recognized		$ 494,697	537,891
Common stock issued		69,421,778		67,289,475
Loss on extinguishment of debt		$ (1,820,764)
Advances from related party		300,000	500,000
Advances to related parties		2,496,478		$ 2,496,478
Accounts payable- related party		$ 15,250		12,372
Common stock issued issued to purchase		140,000
Long-term note agreement [Member]
Debt (Textual)
Outstanding debt		$ 300,000
Original issue discount		100,585		0
Outstanding convertible notes payable		199,415		0
Amortization of debt discounts		$ 108,300
Warrants issued to purchase		500,000
Fair value of warrant, share		500,000
Amortization expense		$ 7,715
Short Term Convertible Debt [Member]
Debt (Textual)
Outstanding debt		595,100
Original issue discount		53,956
Outstanding convertible notes payable		2,480,053		2,069,208
Net of unamortized discount		$ 563,438		390,687
Maturity date, description		The outstanding convertible notes of the Company are unsecured, bear interest between 0% and 12% per annum and mature between July 2018 and March 2019.
Amortization of debt discounts		$ 211,406	406,971
Debt conversion price		$ 0.50
Debt conversion, description		One of the above referenced notes is convertible at $0.50 per share except that if an event of default occurs, the conversion price becomes variable. One of the above referenced notes is convertible at $0.50 per share for the first 180 days following its issuance, and thereafter at a conversion price equal to 60% of the lowest sale price of the common stock during the 20 consecutive trading days prior to the date of conversion. One of the above referenced notes is convertible 180 days after issuance at a conversion price equal to 61% of the market price (market price is the average of the lowest two trading prices and trading price is the closing bid price of the common stock on a day the common stock is traded). One of the above referenced notes has an optional conversion into a subsequent note offering at a 15% discount.
Convertible notes payable		$ 43,000
Loss on extinguishment of debt		18,352
Fair value of the derivative liability						$ 3,156,736
Short Term Convertible Debt - Related Party [Member]
Debt (Textual)
Debt conversion, description	This note has a term of one year and accrues interest at 10% for every four months that it is issued and can be converted at the option of the major shareholder into an investment into the Company’s next offering of its convertible promissory notes and warrants, at a 15% discount thereto. Further, pursuant to this agreement, on October 18, 2017, the major shareholder was issued a warrant, with a ten-year term, to purchase 1,000,000 shares of the Company’s common stock at an exercise price of $0.50. The relative fair value of the 1,000,000 warrants was $247,586 which was recorded as a loss on extinguishment of debt since the change in value was greater than 10%.
Beneficial conversion feature recognized	$ 116,208
Shareholder invested total	$ 1,000,000
Principal amount					$ 2,496,478
Warrants issued to purchase	1,000,000
Additional warrant expense	$ 1,132,999
Convertible notes payable		2,496,478		2,496,478
Loss on extinguishment of debt	$ 247,586
Fair value of warrant, share	1,000,000
Advances Related Party [Member] | Chief Executive Officer [Member]
Debt (Textual)
Advances from related party		8,000	10,000
Repayments to related party		81,645	40,000
Advances to related parties		270,035		343,680
Non-Convertible Notes Payable [Member]
Debt (Textual)
Outstanding debt		1,949,166		1,895,000
Original issue discount		90,834		$ 175,311
Outstanding convertible notes payable		$ 75,000
Maturity date, description		The Company are unsecured, bear interest between 0% and 12% per annum and mature between January 2018 and September 2018.
Amortization of debt discounts		$ 118,212	$ 58,797
Total debt discount amount		33,736
Principal amount		$ 40,000
Warrants issued to purchase		5,300,000
Warrant term		10 years
Warrant exercise price		$ 0.50
Common stock issued		100,000
Additional principal amount		$ 30,000
Two Convertible Notes [Member]
Debt (Textual)
Original issue discount		$ 19,056
Warrants issued to purchase		158,333
Warrant term		10 years
Warrant exercise price		$ 1
Loss on extinguishment of debt		$ 33,237

Equity (Details)

Equity (Details) - Employee Stock Option [Member] - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Number of Shares
Number of Shares, Outstanding, Beginning balance	215,000
Number of Shares, Granted
Number of Shares, Exercised
Number of Shares, Forfeited
Number of Shares, Outstanding, Ending balance	215,000
Number of Shares, Exercisable	69,000
Weighted Average Exercise Price
Weighted Average Exercise Price, Outstanding, Beginning balance	$ 0.65
Weighted Average Exercise Price, Granted
Weighted Average Exercise Price, Exercised
Weighted Average Exercise Price, Forfeited
Weighted Average Exercise Price, Outstanding, Ending balance	0.65
Weighted Average Exercise Price, Exercisable	$ 0.66
Weighted Average Remaining Contractual Life (years)
Weighted Average Remaining Contractual Life (years), Outstanding	9 years 9 months 18 days	9 years
Weighted Average Remaining Contractual Life (years), Exercisable	9 years 6 months

Equity (Details 1)

Equity (Details 1) - Warrant [Member] - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Number of Shares
Number of Shares, Outstanding, Beginning balance	79,381,367
Number of Shares, Granted	7,757,333
Number of Shares, Expired
Number of Shares, Exercised
Number of Shares, Outstanding, Ending balance	87,138,700
Number of Shares, Exercisable	85,538,700
Weighted Average Exercise Price
Weighted Average Exercise Price, Outstanding, Beginning balance	$ 0.51
Weighted Average Exercise Price, Granted	0.53
Weighted Average Exercise Price, Expired
Weighted Average Exercise Price, Exercised
Weighted Average Exercise Price, Outstanding, Ending balance	0.62
Weighted Average Exercise Price, Exercisable	$ 0.63
Weighted Average Remaining Contractual Term (in years)
Weighted Average Remaining Contractual Term (in years), Outstanding	4 years 7 months 6 days	4 years 4 months 24 days
Weighted Average Remaining Contractual Term (in years), Exercisable	4 years 7 months 6 days
Aggregate Intrinsic Value
Aggregate Intrinsic Value, Outstanding, Beginning balance		$ 1,070,000
Aggregate Intrinsic Value, Outstanding, Ending balance
Aggregate Intrinsic Value, Exercisable

Equity (Details Textual)

Equity (Details Textual) - USD ($)	Mar. 05, 2018	Feb. 12, 2018	Jan. 15, 2018	Nov. 04, 2017	Nov. 04, 2016	May 13, 2016	Nov. 04, 2015	Sep. 01, 2015	Feb. 23, 2018	May 18, 2017	May 15, 2017	Mar. 31, 2018	Mar. 31, 2017	Jan. 01, 2018	Dec. 31, 2017	Aug. 09, 2017	Dec. 31, 2016
Equity (Textual)
Interest Expense												$ 641,669	$ 629,513
Common stock, shares issued												69,421,778			67,289,475
Derivative liability																	$ 8,828,405
Shares issued																1,750,000
Warrant expense												$ 85,183	147,659
Common stock issued for accrued interest												23,200	168,000
Gain or loss on settlement of accrued interest												$ 32,800	(33,600)
Issuance of shares, other												140,000
Loss on extinguishment of debt												$ (1,802,412)
Borrowing on promissory note debt												75,000
Beneficial conversion feature												494,697	537,891
Amortization of debt discounts												$ 337,333	465,768
Common Stock [Member]
Equity (Textual)
Common stock, shares issued	140,000		30,303						1,750,000			112,000
Stock option outstanding intrinsic value												$ 0
Exercise price of warrants												$ 0.50
Shares issued												100,000
Gain or loss on settlement of accrued interest												$ 32,800
Fair value of common stock	$ 25,040		$ 10,000						$ 681,625			23,200
Common stock exchange for accrued interest												56,000
Note Purchase Agreement One [Member]
Equity (Textual)
Warrants to purchase common stock		2,000,000
Term of note		10 years
Warrants issued to purchase		100,000
Common stock price per share		$ 599,096
Exercise price of warrants		$ 0.50
Fair value of common stock		$ 30,900
Loss on extinguishment of debt		$ 629,996
Employee Warrants [Member]
Equity (Textual)
Stock option outstanding intrinsic value																	$ 1,070,000
Common stock price per share							$ 1
Fair value of warrants issued										$ 743,416
Warrant expense												$ 85,183	0
Determination of fair value, description										The fair value of the warrants was determined to be $743,416 using the Black-Scholes option pricing model. 450,000 of the Warrant Shares vested on May 18, 2017, an additional 450,000 warrant shares will vest on the first anniversary date of the Employment Agreement, an additional 450,000 warrant shares will vest on the second anniversary date of the Employment Agreement, and, an additional 450,000 warrant shares will vest on the third anniversary date of the Employment Agreement.
Additional shares of warrant vested				183,660
Number of Shares, Granted												7,757,333
Employee Warrants [Member] | Chief Financial Officer [Member]
Equity (Textual)
Warrants to purchase common stock								1,500,000
Common stock price per share								$ 1
Fair value of warrants issued								$ 2,835,061
Exercise price of warrants															$ 0.50
Employee Warrants [Member] | Service Provider One [Member]
Equity (Textual)
Warrants to purchase common stock						1,000,000
Common stock price per share						$ 1
Employee Warrants [Member] | Davella [Member]
Equity (Textual)
Warrants to purchase common stock										1,800,000
Common stock price per share										$ 0.50
Employee Warrants [Member] | First Anniversary [Member] | Chief Financial Officer [Member]
Equity (Textual)
Number of warrant shares vested								375,000			375,000
Employee Warrants [Member] | First Anniversary [Member] | Service Provider [Member]
Equity (Textual)
Additional shares of warrant vested						250,000
Employee Warrants [Member] | Second Anniversary [Member] | Chief Financial Officer [Member]
Equity (Textual)
Number of warrant shares vested											375,000
Employee Warrants [Member] | Second Anniversary [Member] | Service Provider [Member]
Equity (Textual)
Additional shares of warrant vested						250,000
Employee Warrants [Member] | Third Anniversary [Member] | Chief Financial Officer [Member]
Equity (Textual)
Number of warrant shares vested											375,000
Employee Stock Option [Member]
Equity (Textual)
Stock option awards expenses												$ 9,811	6,720
Future stock compensation expense												$ 102,852
Weighted average remaining vesting period												2 years 7 months 6 days
Number of Shares, Granted
Non-Employee Warrants [Member]
Equity (Textual)
Interest Expense												$ 7,203
Promissory notes												$ 75,000
Conversion of debt instrument, shares												1,494,000
Conversion of debt instrument, value												$ 644,056
Warrants to purchase common stock												5,458,333
Term of note												10 years
Fair value of warrants issued												$ 288,919
Number of warrant shares vested							250,000
Warrants issued to purchase common stock							2,400,000
Exercise price of warrants							$ 0.50					$ 1					$ 0.50
Warrant expense													$ 68,412
Determination of fair value, description							The fair value of the first 1,200,000 Warrants Shares was determined to be $1,115,964 using the Black-Scholes option pricing model and was recognized as expense during the year ended December 31, 2015. The fair value of the 600,000 Warrant Shares that vested November 4, 2016 was determined to be $559,900 and was recognized as expense during the year ended December 31, 2016. The fair value of the 600,000 Warrants Shares that vested November 4, 2017 was $183,660 and was recognized as expense during the year ended December 31, 2017.
Fair value of shares and warrants												$ 1,741,512
Additional shares of warrant vested				600,000	600,000		250,000					250,000
Amortization expense												$ 67,033
Beneficial conversion feature												63,742
Amortization of debt discounts												$ 33,736
Non-Employee Warrants [Member] | Service Provider [Member]
Equity (Textual)
Number of warrant shares vested						500,000
Determination of fair value, description						The fair value of the first 500,000 Warrant Shares was determined to be $388,888 using the Black-Scholes option pricing model and was recognized as expense and as derivative liabilities during the year ended December 31, 2016. The fair value of the first 250,000 Warrant Shares was determined to be $93,545 using the Black-Scholes option pricing model of which $52,457 of expense was recaptured during the year ended December 31, 2017. The fair value of the remaining tranche of 250,000 Warrant Shares was determined to total $60,392 as of March 31, 2018 using the Black-Scholes option pricing model of which $13,222 of expense was recaptured during the three months ended March 31, 2018.

Net Earnings (Loss) Per Share23

Net Earnings (Loss) Per Share (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Earnings Per Share [Abstract]
Net income (loss)	$ (3,377,515)	$ 2,578,776
Less: decrease in fair value of warrants, net of income tax		(2,902,756)
Less: decrease in fair value of convertible debt, net of income tax		(1,293,707)
Less: interest expense - convertible debt		(47,710)
Loss available to common stockholders	$ (3,377,515)	$ (1,665,397)
Basic weighted average common shares outstanding	68,158,463	60,685,049
Plus: incremental shares from assumed exercise- warrants		11,016,303
Plus: incremental shares from assumed conversion- convertible debt		4,100,000
Plus: incremental shares from assumed conversion-units		400,663
Adjusted weighted average common shares outstanding	68,158,463	76,202,015
Net income (loss) per share:
Basic	$ (0.05)	$ 0.04
Diluted	$ (0.05)	$ (0.02)

Commitments and Contingencies24

Commitments and Contingencies (Details)	Mar. 31, 2018USD ($)
Schedule of future minimum lease payments
2018 (remainder)	$ 50,258
2,019
2,020
2,021
2,022
Thereafter
Total	$ 50,258

Commitments and Contingencies25

Commitments and Contingencies (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Aug. 09, 2017
Commitments and Contingencies (Textual)
Rent expense	$ 35,158	$ 29,194
Promissory note				$ 125,000
Issuing Mr. Kuhns shares of common stock				1,750,000
Loss on settlement			$ 633,292
Percentage of interest rate	12.00%

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	1 Months Ended		3 Months Ended
	May 31, 2018	Apr. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Subsequent Events (Textual)
Borrowed an aggregate amount			$ 2,480,053	$ 2,069,208
Percentage of interest rate			12.00%
Loss on debt extinguishment			$ (1,820,764)
Non-Convertible Notes Payable [Member]
Subsequent Events (Textual)
Borrowed an aggregate amount			$ 75,000
Warrant term			10 years
Warrants issued price per share			$ 0.50
Two Convertible Notes[Member]
Subsequent Events (Textual)
Warrant term			10 years
Warrants issued price per share			$ 1
Loss on debt extinguishment			$ 33,237
Subsequent Event [Member]
Subsequent Events (Textual)
Warrant term	10 years
Warrants issued price per share	$ 0.50
Warrants issued for services	300,000
Paid off short-term convertible debt	$ 108,000
Loss on debt extinguishment	54,388
Subsequent Event [Member] | Non-Convertible Notes Payable [Member]
Subsequent Events (Textual)
Borrowed an aggregate amount		$ 75,000
Warrants issued to purchase common stock		100,000
Warrant term		10 years
Percentage of interest rate		8.00%
Warrants issued price per share		$ 0.50
Subsequent Event [Member] | Two Convertible Notes[Member]
Subsequent Events (Textual)
Borrowed an aggregate amount	$ 310,000	$ 310,000
Warrants issued to purchase common stock	278,333	278,333
Subsequent Event [Member] | Two Convertible Notes[Member] | Maximum [Member]
Subsequent Events (Textual)
Warrant term	7 years	7 years
Percentage of interest rate	12.00%	12.00%
Warrants issued price per share	$ 1	$ 1
Subsequent Event [Member] | Two Convertible Notes[Member] | Minimum [Member]
Subsequent Events (Textual)
Warrant term	5 years	5 years
Percentage of interest rate	8.00%	8.00%
Warrants issued price per share	$ 0.60	$ 0.60