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Warrants
 6 Months Ended
Jun. 30, 2020
Warrants and Rights Note Disclosure [Abstract]  
Warrants

NOTE 6 - WARRANTS

 

In 2018, the Company issued warrants exercisable into 53,556 shares of common stock. The warrants were fully vested when issued, have an exercise price of $7.20 per share, and expire in 2023. A summary of warrant activity during the six months ended June 30, 2020 is presented below:

 

                Remaining  
    Number           Contractual  
    of     Exercise     Life  
    Shares     Price     (in Years)  
                   
Warrants outstanding at December 31, 2019     53,556     $ 7.20          
Granted     —       —          
Exercised     —       —          
Expired     —       —          
Warrants outstanding at June 30, 2020     53,556     $ 7.20       3.0  
Warrants exercisable at June 30, 2020     53,556     $ 7.20       3.0  

 

At June 30, 2020, the intrinsic value of outstanding warrants was zero.