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Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2020

Reconciliation of Numerators and Denominators used in Computing Basic and Diluted Net Income Per Share

The following is a reconciliation of the numerators and denominators used in computing basic and diluted net income per share:

		Three Months Ended								Nine Months Ended
		September 30, 2020				September 30, 2019				September 30, 2020				September 30, 2019
Net income (loss)		$	(5,448,046	)		$	(4,229,833	)		$	(12,444,644	)		$	(8,172,000	)
Numerator, basic and diluted net income (loss) available to stockholders		$	(5,448,046	)		$	(4,229,833	)		$	(12,444,644	)		$	(8,172,000	)
Denominator:
Shares used in computation – basic:
Weighted average common shares outstanding			10,616,080				9,456,300				9,894,707				9,301,796

		Three Months Ended								Nine Months Ended
		September 30, 2020				September 30, 2019				September 30, 2020				September 30, 2019
Common shares outstanding for basic			10,616,080				9,456,300				9,894,707				9,301,796
Shares used in computation – diluted:
Common shares outstanding for basic			10,616,080				9,456,300				9,894,707				9,301,796
Shares used in computing diluted net income per share			10,616,080				9,456,300				9,894,707				9,301,796
Net (loss) per share – basic		$	(0.51	)		$	(0.45	)		$	(1.26	)		$	(0.88	)
Net (loss) per share – diluted		$	(0.51	)		$	(0.45	)		$	(1.26	)		$	(0.88	)

Schedule of Financial Instruments at Fair Value on a Recurring Basis

We measure certain financial instruments at fair value on a recurring basis. The Company had liabilities that are required to be measured at fair value on a recurring basis as follows at September 30, 2020:

		Total				Level 1				Level 2				Level 3
Assets:		$	—			$	—			$	—			$	—
Liabilities:
Hybrid debt instrument at fair value		$	960,800			$	—			$	—			$	960,800

Reconciliation of the Beginning and Ending Balances for the Liability Measured at Fair Value on a Recurring Basis

The following is a reconciliation of the beginning and ending balances for the liability measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the nine months ended September 30, 2020: See NOTE I: Note 10 – 37North for further detail.

Balance at December 31, 2019		$	861,485
Additional debt issuances			490,000
Conversion			(1,066,219	)
Loss in hybrid-instrument fair value			675,534
Balance at September 30, 2020		$	960,800

In the Money Potential Common Shares [Member]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The potential common shares in the following tables represent potential common shares calculated using the if-converted method from outstanding options, stock awards and warrants that were excluded from the calculation of diluted EPS:

		Three Months Ended								Nine Months Ended
		September 30, 2020				September 30, 2019				September 30, 2020				September 30, 2019
Average market price during the period		$	5.25			$	4.75			$	4.45			$	5.35
In the money potential common shares from options excluded			22,493				9,449				22,493				10,984
In the money potential common shares from warrants excluded			2,449,852				30,507				671,378				41,046

Out of Money Potential Common Shares [Member]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Potential common shares from out of the money options and warrants were also excluded from the computation of diluted EPS because calculation of the associated potential common shares has an anti-dilutive effect on EPS. The following table lists options and warrants that were excluded from diluted EPS:

		Three Months Ended								Nine-Months Ended
Per share exercise price		September 30, 2020				September 30, 2019				September 30, 2020				September 30, 2019
Out of the money options excluded:
$12.48			136,833				136,833				136,833				136,833
$12.84			4,167				4,167				4,167				4,167
$26.40			75,158				75,158				75,158				75,158
Out-of-the-money warrants excluded:
$4.67			—				—				131,816				—
$4.75			—				—				1,646,658				—
$5.76			196,135				—				196,135				—
$7.16			700,000				700,000				700,000				700,000
$12.00			—				65,625				—				65,625
Total excluded			1,112,293				981,783				2,890,767				981,783

Unvested Restricted Stock Awards Excluded from EPS [Member]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The common shares relating to our unvested restricted stock awards that were excluded from potential common shares in the earning per share calculation due to having an anti-dilutive effect are:

Three Months Ended

Nine Months Ended

September 30, 2020

September 30, 2019

September 30, 2020

September 30, 2019

Potential common shares from unvested restricted stock awards excluded from EPS

343,353

41,667

343,353

41,667

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