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Stock-Based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2021
Share-based Payment Arrangement [Abstract] |
Schedule of Fair Value of Each Option Award Estimated Assumption | For stock options requiring an assessment of value during the six months ended June 30, 2021, the fair value of each stock option award was estimated using the Black-Scholes option-pricing model with the following assumptions: Schedule of Fair Value of Each Option Award Estimated Assumption
Risk-free interest rate |  |  | 0.89 | %
Expected dividend yield |  |  | 0 | %
Expected volatility |  |  | 198.79 | %
Expected life |  |  | 3.5 to 3.6 years |
Summary of Stock-based Compensation Costs | A summary of stock-based compensation costs for the three months and six months ended June 30, 2021 and 2020 is as follows: Summary of Stock-based Compensation Costs
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Related parties |  | $ | 850,804 |  |  | $ | — |  |  | $ | 1,506,836 |  |  | $ | — |
Non-related parties |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total stock-based compensation costs |  | $ | 850,804 |  |  | $ | — |  |  | $ | 1,506,836 |  |  | $ | — |
Summary of Stock Option Activity Including Options Form of Warrants | A summary of stock option activity, including options issued in the form of warrants, during the six months ended June 30, 2021 is presented below. Summary of Stock Option Activity Including Options Form of Warrants
|  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life (in Years) |
Stock options outstanding at December 31, 2020 |  |  | 1,475,000 |  |  | $ | 4.136 |  |  |  |  |
Granted |  |  | 1,200,000 |  |  |  | 3.048 |  |  |  |  |
Exercised |  |  | (125,001 | ) |  |  | 0.808 |  |  |  |  |
Expired |  |  | — |  |  |  | — |  |  |  |  |
Adjustment attributable to reverse stock split |  |  | 1 |  |  |  | — |  |  |  |  |
Stock options outstanding at June 30, 2021 |  |  | 2,550,000 |  |  | $ | 3.787 |  |  |  | 3.79 |
Stock options exercisable at June 30, 2021 |  |  | 1,650,000 |  |  | $ | 3.831 |  |  |  | 3.24 |
Schedule of Exercise Prices of Common Stock Options Outstanding and Exercisable Including Options Form of Warrants | The exercise prices of common stock options outstanding and exercisable, including options issued in the form of warrants, at June 30, 2021 are as follows: Schedule of Exercise Prices of Common Stock Options Outstanding and Exercisable Including Options Form of Warrants
Exercise Prices |  |  | Options Outstanding (Shares) |  |  | Options Exercisable (Shares) |
$ | 0.900 |  |  |  | 33,333 |  |  |  | 33,333 |
$ | 1.200 |  |  |  | 83,333 |  |  |  | 83,333 |
$ | 1.680 |  |  |  | 66,667 |  |  |  | 66,667 |
$ | 2.800 |  |  |  | 250,000 |  |  |  | 125,000 |
$ | 3.000 |  |  |  | 666,667 |  |  |  | 666,667 |
$ | 3.030 |  |  |  | 500,000 |  |  |  | — |
$ | 3.200 |  |  |  | 250,000 |  |  |  | 125,000 |
$ | 3.210 |  |  |  | 200,000 |  |  |  | 200,000 |
$ | 6.000 |  |  |  | 166,667 |  |  |  | 166,667 |
$ | 6.600 |  |  |  | 50,000 |  |  |  | 50,000 |
$ | 7.140 |  |  |  | 200,000 |  |  |  | 50,000 |
$ | 12.000 |  |  |  | 83,333 |  |  |  | 83,333 |
|  |  |  |  | 2,550,000 |  |  |  | 1,650,000 |

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- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + 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 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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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 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 (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -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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