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Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2020

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:

		2020				2019
Fair value on grant date		$	1.65			$	1.63
Expected dividend yield			-				-
Expected volatility			73	%			63	%
Risk free interest rate			0.36	%			1.75	%
Expected term of the option			5 years				5 years

Schedule of Option Activity

All options are exercisable at December 31, 2020.

										Weighted Average
		Number of Shares Subject to Option				Weighted Average Exercise Price				Remaining Contractual Term (Years)				Aggregate Intrinsic Value
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
Granted			199,000			$	2.79
Cancelled			-
Exercised			(450,091	)		$	2.09
Balance at December 31, 2020			1,297,260			$	4.09				5.8			$	142,885

Schedule of Warrant Activity

Activity in warrants is summarized below:

		Number of Shares Underlying				Weighted Average
		Warrants Granted				Exercise Price
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
Exercised			(83,152	)			3.42
Terminated			-
Issued			-
Balance at December 31, 2020			1,399,991			$	2.27

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- References

No definition available.

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- Definition

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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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
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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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- Definition

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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