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12. Warrants

3 Months Ended

Mar. 31, 2020

Warrants and Rights Note Disclosure [Abstract]

Note 12 – Warrants

Outstanding Warrants

Warrants to purchase an aggregate total of 1,300 shares of common stock at a $3.00 strike price, exercisable until September 22, 2022 were outstanding as of March 31, 2020.

Warrants Granted

In consideration for four officers and director’s willingness to serve as guarantors of the Cadence Loan, the Company issued warrants to each of the Guarantors (the “Guarantor Warrants”) for the purchase of the Company’s common stock on March 12, 2020. The Guarantor Warrants entitle each Guarantor to purchase 26,250 shares of the Company's common stock (the “Warrant Shares”) at an exercise price of $4.00 per share. The Guarantor Warrants expire on March 12, 2030. No warrants were granted during the three months ended March 31, 2019. The officers and directors receiving grants and the amounts of such grants were as follows:

	Stock Warrant
Name and Title	Shares Granted
Ken DeCubellis, Chief Executive Officer and Interim Chief Financial Officer		26,250
Bradley Berman, Chairman of the Board and Director		26,250
Lyle Berman, Director		26,250
Benjamin Oehler, Director		26,250
Total:		105,000

Warrants Exercised

No warrants were exercised during the three months ended March 31, 2020 and 2019.