Stockholders’ Equity (Tables)
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9 Months Ended |
Sep. 30, 2020 |
Stockholders' Equity Note [Abstract] |
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Schedule of fair value of options granted |
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Weighted |
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Weighted |
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Average |
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Average |
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Number of |
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Exercise |
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Remaining |
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Intrinsic |
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Options |
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Price |
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Term (Yrs) |
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Value |
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Outstanding, January 1, 2020 |
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2,480,000 |
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$ |
4.34 |
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|
9.86 |
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|
$ |
- |
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Granted |
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200,000 |
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|
2.15 |
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Exercised |
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- |
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- |
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Expired |
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- |
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- |
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Forfeited |
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(250,000 |
) |
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4.47 |
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Outstanding, September 30, 2020 |
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|
2,430,000 |
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$ |
4.15 |
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9.15 |
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$ |
- |
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Exercisable, September 30, 2020 |
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100,000 |
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$ |
5.66 |
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|
2.38 |
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$ |
- |
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Schedule of options outstanding and exercisable |
Options Outstanding |
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Options Exercisable |
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Weighted |
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Outstanding |
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Average |
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Exercisable |
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Exercise |
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Number of |
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Remaining Life |
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Number of |
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Price |
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Options |
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In Years |
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|
Options |
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$ |
2.11 |
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80,000 |
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|
- |
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- |
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$ |
2.17 |
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120,000 |
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|
- |
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- |
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$ |
4.09 |
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1,890,000 |
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|
- |
|
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- |
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$ |
5.66 |
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|
340,000 |
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2.38 |
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100,000 |
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2,430,000 |
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100,000 |
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Schedule of fair value of options granted |
Risk free interest rate |
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0.55% – 0.69 |
% |
Expected term (years) |
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6.25 |
|
Expected volatility |
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38 |
% |
Expected dividends |
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|
0.00 |
% |
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Schedule of non-vested restricted stock activity |
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Number of Restricted Stock |
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|
Weighted Average Grant Date Fair Value |
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Non-vested balance, January 1, 2020 |
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|
80,393 |
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|
$ |
5.66 |
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Granted |
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|
199,143 |
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|
2.02 |
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Vested |
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(80,393 |
) |
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5.66 |
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Forfeited |
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- |
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- |
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Non-vested balance, September 30, 2020 |
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199,143 |
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$ |
2.02 |
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Schedule of warrant activity |
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|
Number of
Warrants |
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|
Weighted
Average
Exercise
Price |
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Weighted
Average
Remaining
Life in Years |
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|
Intrinsic Value |
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Outstanding, January 1, 2020 |
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|
18,637,003 |
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|
$ |
11.50 |
|
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|
4.6 |
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$ |
- |
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Issued |
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1,454,546 |
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4.13 |
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Exercised |
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- |
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- |
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Cancelled |
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- |
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- |
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Outstanding, September 30, 2020 |
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20,091,549 |
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|
$ |
10.97 |
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3.9 |
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$ |
- |
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Exercisable, September 30, 2020 |
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|
20,091,549 |
|
|
$ |
10.97 |
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|
3.9 |
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|
$ |
- |
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Schedule of warrants outstanding and exercisable |
Warrants Outstanding |
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Warrants Exercisable |
|
Exercise Price |
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Exercisable Into |
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Outstanding
Number of
Warrants |
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Weighted
Average
Remaining
Life in Years |
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|
Exercisable
Number of
Warrants |
|
$ |
11.50 |
|
|
Common Stock |
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|
18,637,003 |
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3.9 |
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18,637,003 |
|
$ |
4.13 |
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Common Stock |
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1,454,546 |
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4.7 |
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1,454,546 |
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20,091,549 |
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20,091,549 |
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