Quarterly report pursuant to Section 13 or 15(d)

Share Based Payments and Stock Options (Details Textual)

v3.20.1
Share Based Payments and Stock Options (Details Textual) - USD ($)
3 Months Ended
Mar. 06, 2014
Mar. 31, 2020
Mar. 31, 2019
Jan. 07, 2018
Share Based Payments and Stock Options (Textual)        
Description of stock options The maximum shares of common stock which may be issued over the term of the plan shall not exceed 2,500,000 shares. Awards under this plan are made by the Board or a committee designated by the Board. 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. Awards may be made under the 2018 Plan on or after the ten-year anniversary of the adoption of the 2018 Plan by the Board, but the 2018 Plan will continue thereafter while previously granted options, stock appreciation rights or awards remain subject to the 2018 Plan. 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      
Expense related to issuance of shares, options and warrants   $ 145,990 $ 0  
Stock options [Member]        
Share Based Payments and Stock Options (Textual)        
Description of stock options   The Company issued 518,333 stock-based awards to officers and employees that vested immediately resulting in compensation expense of approximately $2,130,000. No stock-based awards were issued for the three months ended March 31, 2019 that vested immediately.    
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