Warrants And Options (Details Narrative) - USD ($) |
1 Months Ended | 12 Months Ended | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
May 03, 2019 |
Mar. 08, 2019 |
Mar. 05, 2019 |
Nov. 13, 2018 |
Aug. 10, 2018 |
Sep. 08, 2017 |
Sep. 28, 2018 |
Jun. 15, 2018 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Nov. 27, 2019 |
Nov. 15, 2019 |
Sep. 20, 2019 |
Jul. 24, 2019 |
Feb. 26, 2019 |
Oct. 16, 2018 |
Jun. 04, 2018 |
Aug. 05, 2016 |
|
Unrecognized compensation cost of non-vested stock options | $ 165,465 | |||||||||||||||||
Aggregate Intrinsic value | 759,645 | |||||||||||||||||
Stock based compensation | $ 1,458,607 | $ 2,570,095 | ||||||||||||||||
Common stock shares reserved for future issuance | 1,114,000 | |||||||||||||||||
Outstanding warrants to purchase common stock | 29,392 | |||||||||||||||||
Extend expiration date | The Company originally issued in connection with an equity financing completed on or about December 31, 2013 to extend the expiration date from December 31, 2018 to December 31, 2019. | |||||||||||||||||
Proceeds from warrants exercised | $ 717,917 | |||||||||||||||||
Private Placement [Member] | Cotterford [Member] | ||||||||||||||||||
Exercise price | $ 3.00 | |||||||||||||||||
Expiration date | Aug. 10, 2019 | |||||||||||||||||
Warrants issued to purchase common shares | 5,000,000 | |||||||||||||||||
Warrant [Member] | ||||||||||||||||||
Unrecognized compensation cost of non-vested stock options | $ 20,335 | |||||||||||||||||
Aggregate Intrinsic value | $ 348,900 | |||||||||||||||||
Warrant exercise price | $ 2.40 | $ 5.00 | $ 2.35 | $ 3.00 | $ 2.20 | $ 2.40 | $ 2.00 | |||||||||||
Class of warrants or rights outstanding | 29,392 | 4,167 | 6,166 | 1,609,195 | 754,475 | 243,903 | 29,375 | |||||||||||
Proceeds to Company if Exercised | $ 551,700 | |||||||||||||||||
Exercised | 333,528 | |||||||||||||||||
Outstanding, December 31, 2019 | $ 2.86 | $ 2.33 | ||||||||||||||||
Warrant expense | $ 8,506 | $ 22,776 | ||||||||||||||||
Warrants [Member] | Cotterford [Member] | ||||||||||||||||||
Exercise price | $ 3.00 | $ 2.90 | ||||||||||||||||
Warrant exercise price | $ 3.00 | $ 2.90 | ||||||||||||||||
Other expenses | $ 196,957 | |||||||||||||||||
Class of warrants or rights outstanding | 1,666,667 | 1,724,138 | ||||||||||||||||
Proceeds to Company if Exercised | $ 5,000,000 | $ 5,000,000 | $ 5,000,000 | |||||||||||||||
Warrants [Member] | On July 1, 2019 [Member] | ||||||||||||||||||
Warrant expiration period | 3 years | |||||||||||||||||
Additional warrant expense | $ 11,829 | |||||||||||||||||
Warrant exercise price | $ 2.47 | |||||||||||||||||
Purchase shares of common stock | 125,000 | |||||||||||||||||
Stock option [Member] | ||||||||||||||||||
Common stock shares reserved for future issuance | 1,750,000 | |||||||||||||||||
Warrants granted | 25,000 | |||||||||||||||||
Exercise price | $ 4.00 | |||||||||||||||||
Stock per share price | $ 2.59 | |||||||||||||||||
Volatility | 77.59% | |||||||||||||||||
Risk free rate | 3.01% | |||||||||||||||||
Expiry date | Sep. 28, 2019 | |||||||||||||||||
Term | 5 years | |||||||||||||||||
Fair market value | $ 39,733 | |||||||||||||||||
Expected term | 6 years | |||||||||||||||||
Common stock shares increased for future issuance | 750,000 | |||||||||||||||||
Outstanding options amendement description | (i) The expiration date for outstanding options to purchase up to an aggregate of 645,000 shares of the Company’s common stock, granted on August 18, 2014 under the 2011 Plan, was extended for both vesting installments from four (4) years from the vesting date of each installment to a single expiration date of August 18, 2020, (ii) the expiration date for outstanding options to purchase up to an aggregate of 20,000 shares of the Company’s common stock, granted on May 18, 2015 under the 2011 Plan, was extended from four (4) years after the vesting date to May 18, 2021, and (iii) the expiration date for outstanding options to purchase up to an aggregate of 317,000 shares of the Company’s common stock, granted July 23, 2015 under the 2011 Plan, was extended from four (4) years after vesting to five years and six months after vesting, or July 23, 2021. | |||||||||||||||||
Additional options expense | 209,308 | |||||||||||||||||
Outstanding, December 31, 2019 | $ 3.42 | |||||||||||||||||
Stock option [Member] | Minimum [Member] | ||||||||||||||||||
Stock options warrants | 750,000 | 750,000 | ||||||||||||||||
Stock option [Member] | Maximum [Member] | ||||||||||||||||||
Stock options warrants | 2,500,000 | 3,250,000 | ||||||||||||||||
Stock option [Member] | On January 23, 2018 [Member] | ||||||||||||||||||
Warrants granted | 780,000 | |||||||||||||||||
Exercise price | $ 4.00 | |||||||||||||||||
Stock per share price | $ 3.75 | |||||||||||||||||
Volatility | 75.40% | |||||||||||||||||
Risk free rate | 2.55% | |||||||||||||||||
Expiry date | Jan. 23, 2019 | |||||||||||||||||
Term | 5 years | |||||||||||||||||
Fair market value | $ 1,930,265 | |||||||||||||||||
Expected term | 6 years | |||||||||||||||||
Option [Member] | ||||||||||||||||||
Proceeds from warrants exercised | $ 16,217,786 | |||||||||||||||||
Outstanding, December 31, 2019 | ||||||||||||||||||
Option [Member] | On February 11, 2019 [Member] | ||||||||||||||||||
Warrants granted | 730,000 | |||||||||||||||||
Exercise price | $ 3.25 | |||||||||||||||||
Stock per share price | $ 3.16 | |||||||||||||||||
Volatility | 77.86% | |||||||||||||||||
Risk free rate | 2.52% | |||||||||||||||||
Expiry date | Feb. 11, 2020 | |||||||||||||||||
Term | 6 years | |||||||||||||||||
Fair market value | $ 1,569,816 | |||||||||||||||||
Stock option One [Member] | ||||||||||||||||||
Proceeds from warrants exercised | $ 27,258 | |||||||||||||||||
Outstanding options amendement description | <p style="margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">(ii) the expiration date for outstanding options to purchase up to an aggregate of 20,000 shares of the Company’s common stock, granted on May 18, 2015 under the 2011 Plan, was extended from four (4) years after the vesting date to May 18, 2021,</font></p> | |||||||||||||||||
Outstanding, December 31, 2019 | $ 2.35 |