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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

The following table summarizes the Company’s stock option activity for the six months ended June 30, 2021 and 2020:

 

           Weighted     
           Average     
       Weighted   Remaining     
       Average   Contractual   Aggregate 
   Number of   Exercise   Life   Intrinsic 
   Options   Price   (in Years)   Value 
Outstanding - January 1, 2021   66,126   $5.24    8.3   $- 
Granted   30,000    2.10    3.9      
Exercised   -    -    -      
Forfeited   (20,000)   3.69    -      
Outstanding - June 30 2021   76,126   $4.41    8.4   $       - 
                     
Exercisable at June 30, 2021   26,126   $8.18    6.5   $- 

 

           Weighted     
           Average     
       Weighted   Remaining     
       Average   Contractual   Aggregate 
   Number of   Exercise   Life   Intrinsic 
   Options   Price   (in Years)   Value 
Outstanding - January 1, 2020   295,793   $8.88   $7.5   $- 
Granted   30,000    3.69    10.0      
Exercised   -    -    -      
Forfeited   (259,667)   9.21    -      
Outstanding - June 30, 2020   66,126   $5.24    8.8   $8,400 
                     
Exercisable at June 30, 2020   26,126   $8.18    7.8   $2,800 
Schedule of Restricted Stock Award Activity

As of June 30, 2021 and 2020, the following is a summary of restricted stock activity:

 

   Number of 
   Shares 
Outstanding - January 1, 2021   233,875 
Granted   59,524 
Forfeited   - 
Vested   (133,875)
Outstanding - June 30, 2021   159,524 

 

   Number of 
   Shares 
Outstanding - January 1, 2020   27,319 
Granted   333,875 
Forfeited   - 
Vested   (127,319)
Outstanding - June 30, 2020   233,875