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Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Summary of Fair Value of Options Using Black-Sholes Option Pricing Model

The fair value of the options issued ($543,550, in the aggregate) was calculated using the Black-Sholes option pricing model, based on the criteria shown below.

Expected life (in years)			5.5 to 8
Volatility (based on a comparable company)			59.82%-70.29	%
Risk Free interest rate			2.78%-2.93	%
Dividend yield (on common stock)			-

The fair value of the options issued ($237,850, in the aggregate) was calculated using the Black-Sholes option pricing model, based on the criteria shown below.

Expected life (in years)			5.5 to 8
Volatility (based on a comparable company)			59.82% to 77.19	%
Risk Free interest rate			1.79% to 2.78	%
Dividend yield (on common stock)			-

Summary of Outstanding Stock Options Issued to Employees and Directors

The following is a summary of outstanding stock options issued to employees and directors as of December 31, 2019:

														Aggregate
		Number				Exercise price per				Average remaining term				intrinsic value at date of
		of Options				share $				in years				grant $
Outstanding January 1, 2018			6,715,419				.40 - .87				5.48
Issued			1,542,111				.50 - .60
Cancelled			(321,183	)
Exercised			(508,333	)
Outstanding December 31, 2018			7,428,014				.40 - .87				5.48				-
Issued			1,156,343				.45 - .73
Cancelled			(1,387,333	)
Outstanding December 31, 2019			7,197,024				.40 - .87				4.55
Exercisable, December 31 2019			3,706,606				.40 - .87				3.45				-

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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.

+ References

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-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

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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.

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-SubTopic 10
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