Stockholders’ Equity (Tables)
|
12 Months Ended |
Dec. 31, 2020 |
Stockholders' Equity Note [Abstract] |
|
Schedule of equity purchase option activity |
|
|
Number of |
|
|
Weighted |
|
|
Weighted |
|
|
|
|
|
|
Equity |
|
|
Average |
|
|
Average |
|
|
|
|
|
|
Purchase |
|
|
Exercise |
|
|
Remaining |
|
|
Intrinsic |
|
|
|
Options |
|
|
Price |
|
|
Term (Yrs) |
|
|
Value |
|
Outstanding, January 1, 2020 |
|
|
600,000 |
|
|
$ |
11.50 |
|
|
|
|
|
|
|
|
|
Granted |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercised |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
Expired |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
Forfeited |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding, December 31, 2020 |
|
|
600,000 |
|
|
$ |
11.50 |
|
|
|
1.8 |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercisable, December 31, 2020 |
|
|
600,000 |
|
|
$ |
11.50 |
|
|
|
1.8 |
|
|
$ |
- |
|
|
Schedule of option activity |
|
|
|
|
|
Weighted |
|
|
Weighted |
|
|
|
|
|
|
|
|
|
Average |
|
|
Average |
|
|
|
|
|
|
Number of |
|
|
Exercise |
|
|
Remaining |
|
|
Intrinsic |
|
|
|
Options |
|
|
Price |
|
|
Term (Yrs) |
|
|
Value |
|
Outstanding, January 1, 2020 |
|
|
2,480,000 |
|
|
$ |
4.34 |
|
|
|
9.86 |
|
|
$ |
- |
|
Granted |
|
|
200,000 |
|
|
|
2.15 |
|
|
|
|
|
|
|
|
|
Exercised |
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
Expired |
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
Forfeited |
|
|
(250,000 |
) |
|
|
4.47 |
|
|
|
|
|
|
|
|
|
Outstanding, December 31, 2020 |
|
|
2,430,000 |
|
|
$ |
4.15 |
|
|
|
8.92 |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercisable, December 31, 2020 |
|
|
557,500 |
|
|
$ |
4.33 |
|
|
|
2.84 |
|
|
$ |
- |
|
|
Schedule of options outstanding and exercisable |
Options Outstanding |
|
|
Options Exercisable |
|
|
|
|
Outstanding |
|
|
Weighted Average |
|
|
Exercisable |
|
Exercise |
|
|
Number of |
|
|
Remaining Life |
|
|
Number of |
|
Price |
|
|
Options |
|
|
In Years |
|
|
Options |
|
$ |
2.11 |
|
|
|
80,000 |
|
|
|
- |
|
|
|
- |
|
$ |
2.17 |
|
|
|
120,000 |
|
|
|
- |
|
|
|
- |
|
$ |
4.09 |
|
|
|
1,890,000 |
|
|
|
2.89 |
|
|
|
472,500 |
|
$ |
5.66 |
|
|
|
340,000 |
|
|
|
2.56 |
|
|
|
85,000 |
|
|
|
|
|
|
2,430,000 |
|
|
|
2.84 |
|
|
|
557,500 |
|
|
Schedule of fair value of options granted |
|
|
For the Years Ended |
|
|
|
December 31, |
|
|
|
2020 |
|
|
2019 |
|
Risk free interest rate |
|
|
0.55 - 0.69% |
|
|
|
1.74 - 1.77% |
|
Expected term (years) |
|
|
6.25 |
|
|
|
6.25 |
|
Expected volatility |
|
|
38% |
|
|
|
36% |
|
Expected dividends |
|
|
0.00% |
|
|
|
0.00% |
|
|
Schedule of non-vested restricted stock activity |
|
|
Number of
Restricted Stock |
|
|
Weighted Average Grant Date Fair Value |
|
Non-vested balance, January 1, 2020 |
|
|
80,393 |
|
|
$ |
5.66 |
|
Granted |
|
|
199,143 |
|
|
|
2.03 |
|
Vested |
|
|
(80,393 |
) |
|
|
5.66 |
|
Forfeited |
|
|
- |
|
|
|
- |
|
Non-vested balance, December 31, 2020 |
|
|
199,143 |
|
|
$ |
2.03 |
|
|
Schedule of warrant activity |
|
|
Number of Warrants |
|
|
Weighted Average Exercise Price |
|
|
Weighted Average Remaining Life in Years |
|
|
Intrinsic Value |
|
Outstanding, January 1, 2020 |
|
|
18,637,003 |
|
|
$ |
11.50 |
|
|
|
4.6 |
|
|
$ |
- |
|
Issued |
|
|
1,454,546 |
|
|
|
4.13 |
|
|
|
|
|
|
|
|
|
Exercised |
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
Cancelled |
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
Outstanding, December 31, 2020 |
|
|
20,091,549 |
|
|
$ |
10.97 |
|
|
|
3.7 |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercisable, December 31, 2020 |
|
|
20,091,549 |
|
|
$ |
10.97 |
|
|
|
3.7 |
|
|
$ |
- |
|
|