StockBased Compensation (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | |||
---|---|---|---|---|---|
Mar. 25, 2021 |
Mar. 31, 2021 |
Mar. 31, 2020 |
Feb. 01, 2021 |
Jan. 01, 2021 |
|
Stock compensation expenses | $ 148,364 | $ 27,205 | |||
Compensation cost related to non-vested warrants | $ 592,341 | ||||
Vesting term | 10 months 2 days | ||||
Common stock shares issuable upon exercise of warrants | 5,000 | ||||
Restricted stock units description | The Company granted aggregate RSUs of 30,000 shares of common stock to two non-executive directors in exchange for services provided to the Company. These RSUs vest over 2 years, with 50% vesting on each of March 25, 2022 and March 25, 2023 | ||||
Restricted stock units, shares | 15,000 | ||||
Aggregate weighted average remaining contractual life | 4 years 8 months 16 days | ||||
Price per share | $ 4.90 | $ 3.95 | |||
Intrinsic value | $ 180,250 | ||||
Option [Member] | 2015 Equity Incentive Plan [Member] | |||||
Compensation cost related to non-vested warrants | $ 71,854 | ||||
Aggregate weighted average remaining contractual life | 2 years 8 months 30 days | ||||
Intrinsic value | $ 489,118 | ||||
Stock-based compensation expense | $ 355,076 | 165,464 | |||
Common stock shares reserved for future issuance | 404,314 | ||||
Common stock, shares authorized | 4,250,000 | ||||
January 1, 2021 [Member] | |||||
Term | 3 years 5 months 30 days | ||||
Stock price | $ 3.95 | ||||
Volatility | 74.53% | ||||
Exercise price | $ 3.80 | ||||
Risk free rate | 0.50% | ||||
Warrants to purchase, shares | 125,000 | ||||
Warrants to purchase, amount | $ 242,877 | ||||
Common stock, share issued upon cashless exercise | 3,000 | ||||
Total Compensation expense | $ 107,700 | $ 19,450 | |||
Expire description | These warrants vest on January 1, 2022 (subject to continued employment through such date) and expire on January 1, 2027, with an exercise price of $3.95 per share. | ||||
February 1, 2021 [Member] | |||||
Term | 3 years 5 months 30 days | ||||
Stock price | $ 4.90 | ||||
Volatility | 75.03% | ||||
Exercise price | $ 4.80 | ||||
Risk free rate | 0.59% | ||||
Warrants to purchase, shares | 185,000 | ||||
Warrants to purchase, amount | $ 459,352 | ||||
Expire description | These warrants vest on February 1, 2022 (subject to continued employment through such date) and expire on February 1, 2027, with an exercise price of $4.90 per share. | ||||
Restricted Stock Units [Member] | |||||
Stock compensation expenses | $ 51,902 | $ 51,902 | |||
Compensation cost related to non-vested warrants | $ 157,509 | ||||
Aggregate weighted average remaining contractual life | 10 months 17 days | ||||
Intrinsic value | $ 19,350 |