Quarterly report pursuant to Section 13 or 15(d)

Stockholders’ Equity

Stockholders’ Equity
3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
Note 8 — Stockholders’ Equity
Stock-Based Compensation
On February 28, 2018, the Company agreed to assume certain consulting agreements entered into by SRM LLC, which was the parent of SRM prior to its acquisition by Xspand. Under these consulting agreements SRM LLC offered these consultants options to own stock if SRM LLC were ever sold for past considerations. As an accommodation to Xspand, the principal stockholder of SRM satisfied these agreements on behalf of the Company, by transferring 344,250 of his shares to the consultants. In accordance with SEC Staff Accounting Bulletin (SAB) 79 amended by SAB 5T, “Accounting for Expenses or Liabilities Paid by Principal Stockholder,” the Company recorded a noncash charge of $1,721,250 for the fair value of these shares.