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Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Schedule of Assumptions Used to Value Options Granted to Employees

The Company valued these grants using the Black-Scholes option pricing model with the following weighted average assumptions:

		2019				2018
Fair value on grant date		$	1.63			$	0.46
Expected Dividend yield			-				-
Expected volatility			63	%			51	%
Risk free interest rate			1.75	%			2.77	%
Expected term of the option			5 years				5 years

Schedule of Option Activity

Activity for stock options is summarized below:

All options are exercisable at December 31, 2019.

		Number of Shares Subject to Option				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term (Years)				Aggregate Intrinsic Value
Balance at January 1, 2018			978,910			$	4.26				7.1			$	-
Granted			150,182			$	1.00
Cancelled			-			$	-
Exercised			(3,000	)		$	1.06
Balance at December 31, 2018			1,126,092			$	3.84				6.6			$	161,602
Granted			517,500			$	3.00
Cancelled			(30,400	)		$	3.69
Exercised			(64,841	)		$	1.07
Balance at December 31, 2019			1,548,351			$	3.68				6.9			$	603,683

Schedule of Warrant Activity

(ii) Warrants and Non-Employee Options

Activity in warrants is summarized below:

		Number of Shares Underlying Warrants and Non-Employee Options Granted				Weighted Average Exercise Price
Balance at January 1, 2018			458,000			$	6.43
Exercised			(55,556	)			1.10
Terminated			(250,000	)			6.73
Issued			2,475,850				1.10
Balance at December 31, 2018			2,628,294			$	1.49
Exercised			(1,961,765	)			1.20
Terminated			(184,000	)			6.00
Issued			1,000,614				2.76
Balance at December 31, 2019			1,483,143			$	2.13

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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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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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Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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