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SHARE BASED COMPENSATION EXPENSES (Tables) | 12 Months Ended
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Dec. 31, 2020
Share-based Payment Arrangement [Abstract] |
SCHEDULE OF BLACK SCHOLES STOCK OPTION PRICING VALUATION ASSUMPTIONS | The estimated fair value of each share option granted is estimated on the date of grant using the Black-Scholes option-pricing model with the following assumptions: SCHEDULE OF BLACK SCHOLES STOCK OPTION PRICING VALUATION ASSUMPTIONS
|  | Date of grant |
Expected volatility |  |  | 96.49%-99.62 | %
Risk-free interest rate |  |  | 1.79 | %
Expected term from grant date (in years) |  |  | 3.50-6.00 |
Dividend rate |  |  | - |
Dilution factor |  |  | 0.9203 |
Fair value |  |  | $7.01-$8.26 |
SCHEDULE OF SHARE OPTIONS ACTIVITIES | SCHEDULE OF SHARE OPTIONS ACTIVITIES
|  | Options Outstanding |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life |  |  | Aggregate Intrinsic Value |
|  |  |  |  |  |  |  | (In years) |  |  |  |
Outstanding as of January 1, 2019 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Granted |  |  | 637,500 |  |  | $ | 11.00 |  |  |  | 8.82 |  |  |  | - |
Exercised |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Forfeited |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Outstanding as of December 31, 2019 |  |  | 637,500 |  |  | $ | 11.00 |  |  |  | 8.80 |  |  |  | - |
Granted |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Exercised |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Forfeited |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Outstanding as of December 31, 2020 |  |  | 637,500 |  |  | $ | 11.00 |  |  |  | 7.80 |  |  |  | - |
Vested and expected to vest as of December 31, 2020 |  |  | 637,500 |  |  | $ | 11.00 |  |  |  | 7.80 |  |  |  | - |
Vested as of December 31, 2020 |  |  | 237,500 |  |  | $ | 11.00 |  |  |  | 7.92 |  |  |  | - |

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- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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