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EQUITY COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2021

Share-based Payment Arrangement [Abstract]

SCHEDULE OF STOCK BASED COMPENSATION

SCHEDULE OF STOCK BASED COMPENSATION 

		Three Months Ended								Six Months Ended
		June 30,								June 30,
		2021				2020				2021				2020
Compensation cost recognized:
Selling, general & administrative		$	650,958			$	96,958			$	4,922,750			$	176,247
Research & development			98,402				6,752				371,625				13,505
Share-based Compensation Expense		$	749,360			$	103,710			$	5,294,375			$	189,752

SCHEDULE OF STOCK OPTION ACTIVITY

Stock option activity under the 2015 Stock Option Plan (the “Plan”) during the period indicated below were as follows:

SCHEDULE OF STOCK OPTION ACTIVITY 

		Number of Shares Subject to Issuance				Weighted- average Exercise Price				Weighted- average Remaining Contractual Term				Aggregate Intrinsic Value
Outstanding at December 31, 2020			637,882			$	2.50				2.55 years			$	5,686,421
Granted			221,843				10.38
Exercised			(357,301	)			2.34
Outstanding at June 30, 2021			502,424			$	6.09				3.50 years			$	1,602,561
Exercisable at June 30, 2021			135,860			$	2.72				2.39 years			$	767,728

SCHEDULE OF RESTRICTED STOCK UNITS OUTSTANDING

The compensation expense incurred by the Company for RSUs is based on the closing market price of the Company’s common stock on the date of grant and is amortized ratably on a straight-line basis over the requisite service period and charged to general and administrative expense with a corresponding increase to additional paid-in capital.

SCHEDULE OF RESTRICTED STOCK UNITS OUTSTANDING 

		Number of Shares				Weighted Average Grant Date Fair Value				Aggregate Intrinsic Value
Outstanding at December 31, 2020			1,754			$	11.40			$	-
Granted			416,926				10.55
Vested and settled in shares			(8,915	)			8.97
Outstanding at June 30, 2021			409,765			$	10.59			$	11,375

SCHEDULE OF PERFORMANCE STOCK UNITS

SCHEDULE OF PERFORMANCE STOCK UNITS 

		Number of Shares				Weighted Average Grant Date Fair Value				Aggregate Intrinsic Value
Outstanding at December 31, 2020			265,942			$	7.91			$	-
Forfeited			(32,094	)			7.91
Outstanding at June 30, 2021			233,848			$	7.91			$	-

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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.

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Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding performance-based awards that are fully vested and expected to vest. Includes, but is not limited to, unvested awards for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.

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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.

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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.

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