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 |
|
|