XML 74 R30.htm IDEA: XBRL DOCUMENT v3.20.1
Share-based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Stock Options and Grants [Abstract]  
Schedule of stock-based compensation expense included in statement of operations



Year Ended December 31,



2019
2018

 

Payroll and related expenses

   

$

715,904

   

   

$

396,214

   


Marketing and business development expenses

13,500



 

       Total

   

$

729,404

   

 

$

396,214

   




 Year Ended December 31,




 2019

2018

 

Stock options

   

$

150,580

  

  

$

332,662

   

 

RSUs 

   

 

578,824

  

  

 

63,552

   


Total
$ 729,404

$ 396,214
Summary of fair value stock-based option awards granted using Black-Scholes option valuation model

 

 


  2018

 

Expected dividend yield



%

 

Expected stock volatility



25.7 %

 

Risk-free interest rate



2.56 %

 

Expected life



5.00
Summary of employee stock option activity

 

 

 

 Shares

 

 

Weighted Average Fair Value Per Share

 

 

Weighted
Average Exercise Price Per Share

 

 

Weighted Average Remaining Terms (in years)

 

 

Aggregate Intrinsic Value

 


Outstanding – December 31, 2017  

44,420

$ 24.60

$ 77.20


9.15

$ 1,881,869

Granted

12,500


25.60


92.20









Exercised
















Cancelled

(1,667 )













 

Outstanding – December 31, 2018

 

 

55,253

 

 

$

24.80

 

 

$

81.20

 

 

 

8.41

 

 

$

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

(2,083

)

 

 

 

 

 

 

 

 


 

 

 

 

 

 

Outstanding – December 31, 2019

 

 

53,170

 

 

 

24.80

 

 

 

81.20

 

 

 

7.40

 

 

$

 

 

Exercisable – December 31, 2018

 

 

47,468

 

 

 

24.60

 

 

 

80.00

 

 

 

8.30

 

 

 

 

 

Exercisable – December 31, 2019

 

 

52,649

 

 

$

24.80

 

 

$

81.20

 

 

 

7.39

 

 

$

 

Schedule of RSU activities


    Number of Shares

 

Non-vested balance at January 1, 2019



1,118

 

Granted



25,417

Vested
(12,920 )

Forfeited/Expired
(4,677 )

Non-vested balance at December 31, 2019 
8,938