Share Based Payments and Stock Options (Details Textual) - USD ($) |
12 Months Ended | |||
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Mar. 06, 2014 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Jan. 07, 2018 |
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Share Based Payments and Stock Options (Textual) | ||||
Description of stock options | Options under the plan are to be issued at the market price of the stock on the day of the grant except to those issued to holders of 10% or more of the Company’s common stock which is required to be issued at a price not less than 110% of the fair market value on the day of the grant. Each option is exercisable at such time or times, during such period and for such numbers of shares shall be determined by the plan administrator. No option may be exercisable for more than ten years (five years in the case of an incentive stock option granted to a 10% stockholder) from the date of grant. | The maximum shares of Common Stock which may be issued over the term of the plan, as amended shall not exceed 5,000,000 shares. Options granted under the 2018 Plan may be either "incentive stock options" that are intended to meet the requirements of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code") or "nonstatutory stock options" that do not meet the requirements of Section 422 of the Code. The Board will determine the exercise price of options granted under the 2018 Plan. The exercise price of stock options may not be less than the fair market value, on the date of grant, per share of our Common Stock issuable upon exercise of the option (or 110% of fair market value in the case of incentive options granted to a ten-percent stockholder). No option may be exercisable for more than ten years (five years in the case of an incentive stock option granted to a 10% stockholder) from the date of grant. | ||
Stock issued over the term of the plan | 2,500,000 | |||
Share-based payment expense | $ 2,490,535 | $ 1,895,219 | ||
Expense related to issuance of shares, options and warrants | 267,400 | 501,800 | ||
Maximum [Member] | ||||
Share Based Payments and Stock Options (Textual) | ||||
Stock issued over the term of the plan | 5,000,000 | |||
Minimum [Member] | ||||
Share Based Payments and Stock Options (Textual) | ||||
Stock issued over the term of the plan | 2,500,000 | |||
Officers, directors and employees [Member] | ||||
Share Based Payments and Stock Options (Textual) | ||||
Share-based payment expense | $ 2,223,100 | $ 901,900 |