Share Based Payments (Tables)
|
12 Months Ended |
Dec. 31, 2020 |
|---|
| Share-based Payment Arrangement [Abstract] |
|
| Schedule of share-based payment expense |
| |
|
December 31, |
|
| |
|
2020 |
|
|
2019 |
|
| Restricted stock |
|
$ |
5,164,133 |
|
|
$ |
1,419,323 |
|
| Stock options |
|
|
2,250,662 |
|
|
|
1,071,212 |
|
| Warrants |
|
|
441,368 |
|
|
|
- |
|
| Total |
|
$ |
7,856,163 |
|
|
$ |
2,490,535 |
|
|
| Schedule of restricted stock activity |
| |
|
Shares |
|
|
Weighted Average Grant Date Fair Value |
|
| Nonvested, January 1, 2019 |
|
|
55,000 |
|
|
$ |
3.35 |
|
| Granted |
|
|
353,500 |
|
|
|
2.50 |
|
| Vested |
|
|
(201,000 |
) |
|
|
3.02 |
|
| Forfeited |
|
|
(3,500 |
) |
|
|
5.91 |
|
| Nonvested, December 31, 2019 |
|
|
204,000 |
|
|
$ |
3.82 |
|
| Granted |
|
|
1,293,000 |
|
|
|
4.90 |
|
| Vested |
|
|
(799,833 |
) |
|
|
5.16 |
|
| Forfeited |
|
|
(66,667 |
) |
|
|
4.15 |
|
| Nonvested, December 31, 2020 |
|
|
630,500 |
|
|
$ |
4.51 |
|
|
| Schedule of stock options |
| Awards issued under the 2014 Plan as of December 31, 2020 are summarized below: |
|
2020 |
|
| |
|
|
|
| Total Shares available for issuance pursuant to the 2014 Plan |
|
|
2,500,000 |
|
| Options outstanding, December 31 2020 |
|
|
(50,000 |
) |
| Total options exercised under 2014 Plan |
|
|
(2,058,833 |
) |
| Total shares issued pursuant to the 2014 Plan |
|
|
(375,000 |
) |
| Awards available for issuance under the 2014 Plan, December 31, 2020 |
|
|
16,167 |
|
| |
|
2020 |
|
| Total Shares available for issuance pursuant to the 2018 Plan, as amended |
|
|
5,000,000 |
|
| Options outstanding, December 31 2020 |
|
|
(1,486,438 |
) |
| Total options exercised under 2018 Plan |
|
|
(438,895 |
) |
| Total shares issued pursuant to the 2018 Plan |
|
|
(1,112,979 |
) |
| Awards available for issuance under the 2018 Plan, December 31, 2020 |
|
|
1,961,688 |
|
|
| Schedule of stock option expected rates |
| |
|
2020 |
|
|
2019 |
|
| Expected volatility |
|
|
77.75-80.7 |
% |
|
|
87.8%-92.7 |
% |
| Expected dividends |
|
|
None |
|
|
|
None |
|
| Expected term |
|
|
2-5
years |
|
|
|
2-5 years |
|
| Risk-free rate |
|
|
1.64-1.75 |
% |
|
|
1.64 |
% |
|
| Schedule of options outstanding pursuant |
| Options outstanding pursuant to 2014 Plan |
|
|
50,000 |
|
| Options outstanding pursuant to 2018 Plan |
|
|
1,486,438 |
|
| Options issued outside of 2014 and 2018 Plans |
|
|
266,670 |
|
| Total options outstanding December 31, 2020 |
|
|
1,803,108 |
|
|
| Schedule of option outstanding |
| Options |
|
Shares |
|
|
Weighted-
Average Exercise
Price |
|
|
Weighted- Average Remaining Contractual Term |
|
Weighted-
Average Grant Date Fair Value |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Outstanding at January 1, 2019 |
|
|
1,815,500 |
|
|
$ |
1.66 |
|
|
2.65 years |
|
$ |
.78 |
|
| Granted |
|
|
795,000 |
|
|
$ |
3.42 |
|
|
|
|
$ |
2.31 |
|
| Exercised |
|
|
(667,500 |
) |
|
$ |
.72 |
|
|
|
|
$ |
.16 |
|
| Forfeited or expired |
|
|
(17,667 |
) |
|
$ |
2.78 |
|
|
|
|
$ |
1.49 |
|
| Outstanding at December 31, 2019 |
|
|
1,925,333 |
|
|
$ |
2.71 |
|
|
3.60 years |
|
$ |
1.71 |
|
| Vested and exercisable at December 31, 2019 |
|
|
1,346,333 |
|
|
$ |
2.36 |
|
|
3.25 years |
|
$ |
1.32 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding at January 1, 2020 |
|
|
1,925,333 |
|
|
$ |
2.71 |
|
|
3.60 years |
|
$ |
1.71 |
|
| Granted |
|
|
891,500 |
|
|
$ |
4.75 |
|
|
|
|
$ |
2.67 |
|
| Exercised |
|
|
(983,725 |
) |
|
$ |
2.59 |
|
|
|
|
$ |
1.35 |
|
| Forfeited or expired |
|
|
(30,000 |
) |
|
$ |
2.75 |
|
|
|
|
$ |
1.63 |
|
| Outstanding at December 31, 2020 |
|
|
1,803,108 |
|
|
$ |
3.92 |
|
|
3.47 years |
|
$ |
2.38 |
|
| Vested and exercisable at December 31, 2020 |
|
|
1,057,734 |
|
|
$ |
3.55 |
|
|
3.13 Years |
|
$ |
2.00 |
|
|