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Stock Based Compensation (Tables) | 9 Months Ended
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Sep. 30, 2020
Share-based Payment Arrangement [Abstract] |
Schedule of Stock-based Payment Award, Stock Options, Valuation Assumptions | The Company uses the following inputs when valuing stock-based awards.
|  | Period Ending September 30, |
|  | 2020 |  |  | 2019 |
Expected life (years) |  |  | 5.0 |  |  |  | 5.0 |
Risk-free interest rate |  |  | 0.24 | % |  |  | 1.56 | %
Expected volatility |  |  | 89.96 | % |  |  | 68.4 | %
Total grant date fair value |  |  | $2.30 to $3.63 |  |  |  | $1.47 to $3.92 |
Schedule of Stock-based Compensation | Stock-based compensation, including stock options and warrants is included in the unaudited condensed consolidated statement of operations as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Research and development |  | $ | 15,873 |  |  | $ | 50,552 |  |  | $ | 47,618 |  |  | $ | 126,858 |
Sales and marketing |  | $ | 28,991 |  |  | $ | 935 |  |  | $ | 101,695 |  |  | $ | 10,938 |
General and administrative |  | $ | 122,905 |  |  | $ | 701,008 |  |  | $ | 325,862 |  |  | $ | 1,222,827 |
Total |  | $ | 167,769 |  |  | $ | 752,495 |  |  | $ | 475,175 |  |  | $ | 1,360,623 |
Schedule of Stock-based Compensation, Stock Options, Activity | The following table reflects the stock option activity for the nine months ended September 30, 2020:
|  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Contractual Life (Years) |
Outstanding at December 31, 2019 |  |  | 996,645 |  |  | $ | 3.249 |  |  |  | 5.73 |
Assumed as part of the Merger |  |  | 61,440 |  |  |  | 46.950 |  |  |  |  |
Granted |  |  | 750,671 |  |  |  | 3.176 |  |  |  |  |
Forfeitures |  |  | (27,268 | ) |  |  | 2.861 |  |  |  |  |
Outstanding at September 30, 2020 |  |  | 1,781,488 |  |  | $ | 4.546 |  |  |  | 5.70 |

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- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, 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 (e) -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 (c)(2) -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 (d) -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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