Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (Tables)

v3.20.2
STOCKHOLDERS' EQUITY (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2020 and 2019.

 

                  Weighted        
            Weighted     Average        
            Average     Remaining     Aggregate  
            Exercise     Contractual     Intrinsic  
      Shares     Price     Term (Years)     Value  
Outstanding at December 31, 2018       160,143     $ 14.00       4.4       —  
Granted       8,572     $ 14.00       5.0       —  
Forfeited       (14,286 )   $ 14.00       —       —  
Outstanding at June 30, 2019       154,429     $ 14.00       3.4       —  
Exercisable at June 30, 2019       145,857     $ 14.00       3.4       —  
                                     
Outstanding at December 31, 2019       163,010     $ 14.00       3.4       —  
Granted       310,290     $ 5.39       4.8       —  
Cancelled/forfeited       (161,402 )   $ 14.00       —       —  
Outstanding at June 30, 2020       311,898     $ 5.46       4.7       —  
Exercisable at June 30, 2020       162,474     $ 6.08       4.7       —  
                                     

 
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 six months ended June 30, 2020:

 

                Weighted        
          Weighted     Average        
          Average     Remaining     Aggregate  
    Number of     Exercise     Contractual     Intrinsic  
    Warrants     Price     Term (Years)     Value  
Outstanding at December 31, 2018     1,815,182     $ 9.52       3.9       —  
Warrants expired, forfeited, cancelled or exercised     (327,612 )                        
Outstanding at June 30, 2019     1,487,570     $ 8.78       2.8       —  
Exercisable at June 30, 2019     1,487,570     $ 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       2.6       —  
Outstanding at June 30, 2020     1,588,750     $ 8.79       4.8       —  
Exercisable at June 30, 2020     1,521,250     $ 8.41       2.7       —