Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Stockholders??? Equity (Deficit)

v3.7.0.1
Consolidated Statements of Stockholders’ Equity (Deficit) - USD ($)
Total
Common Stock [Member]
Additional Paid-in Capital Member
Retained Earnings [Member]
Balances at Dec. 31, 2014 $ 1,726,239 $ 250 $ 3,011,790 $ (1,285,801)
Balance (Shares) at Dec. 31, 2014   250,000    
Net loss (1,609,247) $ 0 0 (1,609,247)
Dividends to stockholders (255,600) 0 0 (255,600)
Balances at Dec. 31, 2015 (138,608) $ 250 3,011,790 (3,150,648)
Balances (Shares) at Dec. 31, 2015   250,000    
Net loss (6,353,450) $ 0 0 (6,353,450)
Issuance of initial public offering shares of common stock $ 138,969,275 $ 15,000 138,954,275 0
Issuance of initial public offering shares of common stock (in shares) 15,000,000 15,000,000    
Reclassification of deferred initial public offering costs $ (1,681,259) $ 0 (1,681,259) 0
Conversion of convertible debenture due to related party to shares of common stock 30,030,134 $ 2,356 30,027,778 0
Conversion of convertible debenture due to related party to shares of common stock (in shares)   2,355,675    
Stock-based compensation expense 1,684,812 $ 0 1,684,812 0
Dividends to stockholders (7,482,526) 0 0 (7,482,526)
Balances at Dec. 31, 2016 $ 155,028,378 $ 17,606 $ 171,997,396 $ (16,986,624)
Balances (Shares) at Dec. 31, 2016   17,605,675