Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (Tables)

v3.20.1
STOCKHOLDERS' EQUITY (Tables)
3 Months Ended
Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Employee Stock Options and Warrants

The Company has no expired employee stock options under the 2016 Plan at March 31, 2020.


                Weighted        
          Weighted     Average        
          Average     Remaining     Aggregate  
          Exercise     Contractual     Intrinsic  
    Shares     Price     Term (Years)     Value  
Outstanding at December 31, 2018     160,152     $ 14.00       4.4        
Granted     17,144     $ 14.00       5.0        
Forfeited     (14,286 )   $ 14.00              
Outstanding at December 31, 2019     163,010     $ 14.00       3.4        
Exercisable at December 31, 2019     154,438     $ 14.00       3.4        
                                 
Outstanding at December 31, 2019     163,010     $ 14.00       3.4        
Granted         $ 14.00              
Outstanding at March 31, 2020     163,010     $ 14.00       3.1        
Exercisable at March 31, 2020     158,724     $ 14.00       3.1        

Warrant [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Employee Stock Options and Warrants

The following is a summary of activity for warrants to purchase common stock for the three months ended March 31, 2020:

 

                Weighted        
          Weighted     Average        
          Average     Remaining     Aggregate  
    Number of     Exercise     Contractual     Intrinsic  
    Warrants     Price     Term (Years)     Value  
Outstanding at December 31, 2018     1,815,181     $ 9.52       3.9        
Warrants expired, forfeited, cancelled or exercised     (338,575 )                        
Warrants issued     44,644     $ 7.70       4.9        
Outstanding at December 31, 2019     1,521,250     $ 8.78       2.8        
Exercisable at December 31, 2019     1,521,250     $ 8.78       2.8        
                                 
Outstanding at December 31, 2019     1,521,250     $ 8.78       3.0        
Warrants expired, forfeited, cancelled or exercised                              
Warrants issued     67,500     $ 9.00       4.9        
Outstanding at March 31, 2020     1,588,750     $ 8.79       2.7        
Exercisable at March 31, 2020     1,588,750     $ 8.41       2.7