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Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2021

Restricted Stock Units (RSUs) [Member]

Schedule of Warrant and Restricted Stock Outstanding and Exercisable

The following is a summary of outstanding and exercisable RSU activity under our 2020 Plan during the three months ended March 31, 2021:

		RSU Outstanding Number of Shares				Exercise Price per Share				Weighted Average Remaining Contractual Life				Weighted Average Exercise Price per Share
Balance at December 31, 2020			35,000			$	6.03 – 21.02							$	12.45
Granted			12,500				19.61								19.61
Exercised/Expired			-
Balance at March 31, 2021			47,500			$	6.03 – 21.02							$	14.34
Exercisable December 31, 2020			20,000			$	6.03 – 21.02							$	12.45
Exercisable March 31, 2021			20,590			$	6.03 – 21.02							$	6.45

Service-Based Stock Options [Member]

Schedule of Option Activity

The following is a summary of outstanding service-based options activity (prior to the establishment of our 2020 Plan above) for the three months ended March 31, 2021:

		Options Outstanding Number of Shares				Exercise Price per Share				Weighted Average Remaining Contractual Life				Weighted Average Exercise Price per Share
Balance, December 31, 2020			2,228,400			$	0.80 - 7.50				5.15 years			$	2.11
Granted			130,000				4.75 – 19.61				9.90 years				15.04
Exercised			(467,000	)			0.80 – 2.00				3.18 years				1.06
Cancelled/Forfeited/Expired			-
Balance at March 31, 2021			1,891,400			$	0.80 - 7.50				5.67 years			$	3.25
Exercisable December 31, 2020			1,570,428			$	1.00 – 7.50				2.57 years			$	1.67
Exercisable at March 31, 2021			1,252,954			$	1.00 – 7.50				2.71 years			$	2.37

Performance-Based Stock Options [Member]

Schedule of Option Activity

The following is a summary of outstanding performance-based options activity for the three months ended March 31, 2021:

		Options Outstanding Number of Shares				Exercise Price per Share				Weighted Average Remaining Contractual Life				Weighted Average Exercise Price per Share
Balance at December 31, 2020			1,165,000			$	1.25 – 2.00				4.97 years			$	1.80
Granted			-				-								-
Exercised			(265,000	)		$	1.25 – 2.00				1.34 years				1.92
Cancelled/Expired			-				-
Balance at March 31, 2021			900,000			$	1.25 – 2.00				5.72 years			$	1.76
Exercisable December 31, 2020			635,000			$	1.25 – 2.00				1.38 years			$	2.00
Exercisable at March 31, 2021			310,000			$	1.25 – 2.00				0.75 years			$	2.00

2020 Plan [Member]

Schedule of Option Activity

The following is a summary of outstanding options activity under our 2020 Plan for the three months ended March 31, 2021:

		Options Outstanding Number of Shares				Exercise Price per Share				Weighted Average Remaining Contractual Life				Weighted Average Exercise Price per Share
Balance, December 31, 2020			829,000			$	5.80 – 9.24				9.75			$	7.54
Granted			775,000				6.00 – 21.02				9.81				10.47
Exercised			-
Cancelled/Forfeited/Expired			-			$
Balance at March 31, 2021			1,604,000			$	5.80 – 21.02				9.65			$	8.95
Exercisable at December 31, 2020			76,222			$	5.80 – 9.24				9.77			$	7.74
Exercisable at March 31, 2021			207,306			$	5.80 – 21.02				9.59			$	8.95

Schedule of Warrant and Restricted Stock Outstanding and Exercisable

The following is a summary of outstanding and exercisable warrants activity during the three months ended March 31, 2021:

		Warrants Outstanding Number of Shares				Exercise Price per Share				Weighted Average Remaining Contractual Life				Weighted Average Exercise Price per Share
Balance at December 31, 2020			3,550,471				$ 1.40 – 5.75				5.59 years			$	4.56
Granted			-
Exercised/Expired			-
Balance at March 31, 2021			3,550,471				$ 1.40 – 5.75				5.34 years			$	4.56
Exercisable December 31, 2020			2,144,700				$ 1.40 – 5.75				7.67 years			$	4.29
Exercisable March 31, 2021			2,144,700				$ 1.40 – 5.75				7.42 years			$	4.29

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
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- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
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-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section S99
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775

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