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Stock Options and Award Programs (Tables)
 12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Nonvested restricted stock shares activity
    2019       2018    
NON-VESTED AWARDS             
             
Non-vested awards outstanding, January 1,     300,000       -  
Granted (+)     662,740 (1)     980,851 (1)
Cancelled (-)     50,000 (2)     -  
Vested (-)     405,240 (3)     680,851 (1)
Non-vested awards outstanding, December 31,     507,500       300,000  
                 
Weighted-average remaining contractual life (in years)     7.99       2.0  
                 
Unamortized RSA compensation expense   $ 90,759     $ 136,310  
                 
Aggregate intrinsic value of RSAs non-vested, December 31   $ 197,925     $ 126,000  
                 
Aggregate intrinsic value of RSAs vested, December 31   $ 171,867     $ 320,000  

 

(1) During the year ended December 31, 2019, the Company granted 662,740 RSAs, of which i) 238,572 of RSAs were awarded to members of the Company’s board of directors as part of their annual board retainer fee that had a grant date fair value of $100,200 and vested during the period, and ii) 424,168 of RSAs were awarded to key employees tied to the attainment of certain financial goals as outlined by the Company’s Compensation Committee of the Board of Directors that had a grant date fair value of $254,501. During the year ended December 31, 2018, the Company granted 980,851 RSAs, of which i) 300,000 of RSAs were awarded as part of additional compensation plan to align key employees with the Company’s long term financial goals, and ii) 680,851 were awarded to members of the Company’s board of directors as part of their annual board retainer fee and vested during the period.

 

(2) There were 50,000 RSAs that were cancelled during the year ended December 31, 2019. There were no RSAs cancelled or expired during the year ended December 31, 2018.

 

(3) During the year ended December 31, 2019, 405,240 RSA vested.

 
Schedule of valuation assumptions
    YEAR ENDED DECEMBER 31, 2019     YEAR ENDED DECEMBER 31, 2018  
    Non-Qualified Stock Option Awards     Non-Qualified Stock Option Awards  
    Employees     Directors     Non-Employees     Total     Employees     Directors     Non-Employees     Total  
                                                 
Stock options granted     --       --       25,000       25,000       100,000       --       50,000       150,000  
Expected dividend yield     --       --       0%     0%     0%     --       0%     0%
Expected volatility     --       --       64.5%     64.5%     65.2% - 66.7%     --       69.5%     65.2%-6.95%
Risk-free interest rate     --       --       2.4%     2.4%     2.72% - 2.73%     --       1.0%     1.0%-2.73%
Forfeiture rate     --       --       1.2%     1.2%     4.43% - 4.81%     --       10.3%     4.43%-10.3%
Expected life     --       --       3 years       3 years       5 years       --       3 years       3-5 years  
Schedule of nonvested share activity
    2019     2018  
          Weighted           Weighted  
          Average           Average  
          Grant Date           Grant Date  

NON-VESTED AWARDS

   Shares       Fair Value     Shares       Fair Value  
                         
Non-vested balances, January 1,     2,067,503     $ 0.36       2,685,004     $ 0.35  
Granted (+)     25,000 (1)   $ 0.15       150,000 (1)   $ 0.25  
Cancelled (-)     80,001 (2)   $ 0.34       50,000 (2)   $ 0.32  
Vested/Excercised (-)     1,170,832     $ 0.34       717,501 (3)   $ 0.30  
Non-vested balances, December 31,     841,670     $ 0.38       2,067,503     $ 0.36  
Schedule of stock option activity
    2019     2018  
          Weighted           Weighted  
          Average           Average  

OUTSTANDING AND EXERCISABLE AWARDS

   Shares       Exercise Price     Shares       Exercise Price  
                         
Awards outstanding, January 1,     4,013,334     $ 0.58       4,173,334     $ 0.60  
Granted (+)     25,000 (1)   $ 0.41       150,000 (1)   $ 0.50  
Cancelled (-)     530,000 (2)   $ 0.55       210,000 (2)   $ 0.83  
Exercised (-)     -       -       100,000 (3)   $ 0.44  
Awards outstanding, December 31,     3,508,334     $ 0.59       4,013,334     $ 0.58  
                                 
Awards vested and expected to vest,                                
December 31,     3,310,178     $ 0.59       3,422,491     $ 0.58  
                                 
Awards outstanding and exercisable,                                
December 31,     2,666,664     $ 0.58       1,945,831     $ 0.56  
Schedule of employee service share-based compensation
    YEAR ENDED DECEMBER 31, 2019     YEAR ENDED DECEMBER 31, 2018  
    Shared-Based Compensation Expense     Shared-Based Compensation Expense  
    Employees     Directors     Non-Employees     Total     Employees     Directors     Non-Employees     Total  
                                                 
Restricted stock compensation expense   $ 281,051     $ 100,200     $ -     $ 381,251     $ 67,690     $ 320,000     $ -     $ 387,690  
Non-qualified option stock compensation expense     326,249       -       10,487       336,736       291,625       -       4,089       295,714  
                                                                 
Total share-based compensation before taxes   $ 607,300     $ 100,200     $ 10,487     $ 717,987     $ 359,315     $ 320,000     $ 4,089     $ 683,404