XML 40 R27.htm IDEA: XBRL DOCUMENT
v3.20.1

Stockholders' Equity (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Equity [Abstract] |
Schedule of Fair Value of Share Based Payment | The fair value of share-based payment units was estimated using the Black-Scholes option pricing model with the following assumptions and weighted average fair values as follows:
|  | Years Ended December 31, |
|  | 2019 |  |  | 2018 |
Valuation assumptions: |  |  |  |  |  |  |  |
Grant price |  | $ | 2.68 |  |  |  | $2.30 - $2.87 |
Exercise price |  | $ | 2.68 |  |  |  | $2.30 - $2.87 |
Expected dividend yield |  |  | 0 | % |  |  | 0 | %
Expected volatility |  |  | 84.92 | % |  |  | 94.02% - 97.22 | %
Expected life (in years) |  |  | 5 |  |  |  | 5 |
Risk-free interest rate |  |  | 2.49 | % |  |  | 2.69% - 2.73 | %
Schedule of Stock Option Activity | Stock option activity under the Plans during the periods indicated below is as follows:
|  | Number of Shares Subject to Issuance |  |  | Weighted- average Exercise Price |  |  | Weighted- average Remaining Contractual Term |  |  | Aggregate Intrinsic Value |
Outstanding at December 31, 2017 |  |  | 1,631,358 |  |  | $ | 1.36 |  |  |  | 1.70 years |  |  |  | - |
Granted |  |  | 102,500 |  |  |  | 2.86 |  |  |  |  |  |  |  |  |
Forfeited or expired |  |  | (67,688 | ) |  |  | 4.18 |  |  |  |  |  |  |  |  |
Exercised |  |  | (593,838 | ) |  |  | 1.16 |  |  |  |  |  |  |  |  |
Outstanding at December 31, 2018 |  |  | 1,072,332 |  |  | $ | 1.44 |  |  |  | 1.85 years |  |  | $ | 881,493 |
Granted |  |  | 444,163 |  |  |  | 2.68 |  |  |  |  |  |  |  |  |
Exercised |  |  | (94,872 | ) |  |  | 2.08 |  |  |  |  |  |  |  |  |
Outstanding at December 31, 2019 |  |  | 1,421,623 |  |  | $ | 1.78 |  |  |  | 1.96 years |  |  | $ | 8,113,777 |
Exercisable at December 31, 2019 |  |  | 1,069,542 |  |  | $ | 1.49 |  |  |  | 1.34 years |  |  | $ | 6,416,368 |
Summary of Stock Options | The following is a summary of stock options as of December 31, 2019:
|  | Options Outstanding |  |  | Options Exercisable |
Range of Exercise Prices |  | Number of Options |  |  | Weighted- average Remaining Life |  |  | Weighted- average Exercise Price |  |  | Number of Options |  |  | Weighted- average Exercise Price |
$ | 1.15 to $1.56 |  |  | 839,460 |  |  |  | 0.66 years |  |  | $ | 1.16 |  |  |  | 833,210 |  |  | $ | 1.16 |
$ | 1.75 to $2.87 |  |  | 582,163 |  |  |  | 3.83 years |  |  | $ | 2.67 |  |  |  | 236,332 |  |  | $ | 2.64 |
|  |  |  | 1,421,623 |  |  |  | 1.96 years |  |  | $ | 1.78 |  |  |  | 1,069,542 |  |  | $ | 1.49 |
Schedule of Restricted Stock Units Outstanding | Restricted stock unit activity under the Plans during the periods indicated below is as follows:
|  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |  |  | Aggregate Intrinsic Value |
Outstanding at December 31, 2017 |  |  | 5,859 |  |  | $ | 2.56 |  |  |  | - |
Granted |  |  | 29,822 |  |  |  | 2.07 |  |  |  |  |
Vested and Settled in shares |  |  | (35,681 | ) |  |  | 2.15 |  |  |  |  |
Outstanding at December 31, 2018 |  |  | - |  |  | $ | - |  |  | $ | - |
Granted |  |  | 12,477 |  |  |  | 5.53 |  |  |  |  |
Vested and Settled in shares |  |  | (9,807 | ) |  |  | 5.00 |  |  |  |  |
Outstanding at December 31, 2019 |  |  | 2,670 |  |  | $ | 7.49 |  |  | $ | - |
Schedule of Share Based Compensation Expense | Share based compensation expense for the years ended December 31, 2019 and 2018 is as follows:
|  | Years Ended December 31, |
|  | 2019 |  |  | 2018 |
Compensation cost recognized: |  |  |  |  |  |
Stock options |  | $ | 515,805 |  |  | $ | 124,886 |
Restricted stock units |  |  | 69,060 |  |  |  | 61,821 |
|  | $ | 584,865 |  |  | $ | 186,707 |
Schedule of Stock Based Compensation | Share based compensation is included in operating expenses as follows:
|  | Years Ended December 31, |
|  | 2019 |  |  | 2018 |
Selling, general and administrative |  | $ | 561,391 |  |  | $ | 169,654 |
Research and development |  |  | 23,474 |  |  |  | 17,053 |
|  | $ | 584,865 |  |  | $ | 186,707 |

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + 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 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + 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 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=115993241&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5047-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + 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 -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + 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 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration