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Warrants | 12 Months Ended
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Dec. 31, 2019
Equity [Abstract] |
Warrants | NOTE 13. WARRANTS A summary of warrants to purchase common stock issued during the years ended December 31, 2019 and 2018 is as follows:
|  | Shares |  |  | Weighted Average Exercise Price |
Balance outstanding at January 1, 2018 |  |  | - |  |  | $ | - |
Granted |  |  | 53,556 |  |  |  | 7.20 |
Exercised |  |  | - |  |  |  | - |
Expired/Cancelled |  |  | - |  |  |  | - |
Balance outstanding at December 31, 2018 |  |  | 53,556 |  |  |  | 7.20 |
Granted |  |  | - |  |  |  | - |
Exercised |  |  | - |  |  |  | - |
Expired/Cancelled |  |  | - |  |  |  | - |
Balance outstanding and exercisable at December 31, 2019 |  |  | 53,556 |  |  | $ | 7.20 |
At December 31, 2019, the 53,556 outstanding stock warrants had no intrinsic value. In conjunction with the sale of common stock in June 2018 (see Note 12), the Company granted to the placement agent warrants exercisable into 53,556 of the Company’s common stock. The warrants were exercisable immediately, have an exercise price of $7.20 per share, and expire in June 2023.

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