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STOCKHOLDERS' EQUITY (Tables)
 12 Months Ended
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.