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STOCKHOLDERS' EQUITY (Tables) | 12 Months Ended
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Dec. 31, 2018
Stockholders' Equity Note [Abstract] |
Schedule of stock option activity |
|  | Number of Shares |  |  | Weighted- average Exercise Price |  |  | Weighted-average Remaining Contractual Term (years) |  |  | Aggregate Intrinsic Value |
Outstanding at December 31, 2017 |  |  | - |  |  | $ | - |  |  |  | - |  |  | $ | - |
Granted |  |  | 1,632,000 |  |  |  | 7.80 |  |  |  | 10.0 |  |  |  | - |
Exercised |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Expired/Forfeited |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Outstanding at December 31, 2018 |  |  | 1,632,000 |  |  | $ | 7.80 |  |  |  | 9.07 |  |  | $ | - |
Exercisable at December 31, 2018 |  |  | 841,333 |  |  | $ | 7.80 |  |  |  | 9.03 |  |  | $ | - |
Schedule of assumptions use for fair values of the options granted |
Market value of common stock on grant date |  | $ | 7.71 |
Risk free interest rate (1) |  |  | 2.40% - 2.56 | %
Dividend yield |  |  | None |
Volatility factor (2) |  |  | 262%-267 | %
Weighted average expected life in years (3) |  |  | 5.75 |
Expected forfeiture rate |  |  | 0 | %
(1) | The risk-free interest rate was determined by management using the U.S. Treasury zero-coupon yield over the contractual term of the option on date of grant.
(2) | Due to a lack of stock volatility history, the Company uses peer companies to estimate the volatility factor.
(3) | Due to a lack of stock option exercise history, the Company uses the simplified method under SAB 107 to estimate expected term.

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