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Warrants (Tables) - Warrant [Member]
9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Class of Warrant or Right [Line Items]    
Schedule of warrants to purchase the Company's common stock

Issuance Date

 

Warrants
Issued

 

Exercise
Price

 

Full Vesting
Date

 

Expiration
Date

November 20, 2015

 

70,000

 

$

5.00

 

November 20, 2015

 

November 20, 2020

April 27, 2016

 

60,000

 

$

2.91

 

April 27, 2016

 

April 27, 2019

Issuance Date   Warrants Issued     Exercise Price     Full Vesting Date   Expiration Date
November 20, 2015     70,000     $ 5.00     November 20, 2015   November 20, 2020
April 27, 2016     60,000     $ 2.91     April 27, 2016   April 27, 2019
August 3, 2017     30,000     $ 0.50     August 3, 2017   August 3, 2021
August 3, 2017     2,000,000     $ 0.50     August 3, 2017   August 3, 2022
November 9, 2017     20,000     $ 0.50     November 9, 2017   November 9, 2021
September 26, 2018     100,000     $ 1.00     September 26, 2018   September 26, 2022
Schedule of assumptions used to estimate fair value warrants granted

 

2020

Expected dividend yield

 

0

%

Expected volatility

 

36.96 – 41.55

%

Risk-free interest rate

 

0.190 – 0.440

%

Expected life of warrants

 

2.5 – 5.0 years

 

The following table summarizes the assumptions used to estimate the fair value of the warrants granted during fiscal 2019:

 

Expected dividend yield   0%
Expected volatility    32-33%
Risk-free interest rate    1.38-1.82%
Expected life of warrants    2.27-3.0 years
Schedule of warrant activity

 

Number of
Warrants

 

Weighted-
Average
Exercise
Price

 

Weighted-
Average
Remaining
Contractual
Life in
Years

 

Aggregate
Intrinsic
Value

Outstanding – December 31, 2019

 

503,523

 

 

$

0.95

 

1.96

 

$

258,328

Exercisable – December 31, 2019

 

503,523

 

 

$

0.95

 

1.96

 

$

258,328

Granted

 

2,576,878

 

 

 

0.46

     

 

 

Exercised

 

(283,530

)

 

 

0.01

     

 

 

Forfeited or Expired

 

 

 

 

 

 

 

 

 

Outstanding – September 30, 2020

 

2,796,871

 

 

$

0.60

 

4.17

 

$

5,250,630

Exercisable – September 30, 2020

 

2,796,871

 

 

$

0.60

 

4.17

 

$

5,250,647

 

Number of
Warrants

 

Weighted-
Average
Exercise
Price

 

Weighted-
Average
Remaining
Contractual
Life in
Years

 

Aggregate
Intrinsic
Value

Outstanding – January 10, 2019

 

2,280,000

 

 

$

0.72

 

3.44

 

$

Exercisable – January 10, 2019

 

2,280,000

 

 

$

0.72

 

3.44

 

$

Granted

 

2,250,000

 

 

 

0.23

     

 

 

Exercised

 

 

 

 

     

 

 

Forfeited or Expired

 

(60,000

)

 

 

2.91

 

 

 

 

 

Outstanding – September 30, 2019

 

4,470,000

 

 

$

0.45

 

2.51

 

$

2,557,100

Exercisable – September 30, 2019

 

4,470,000

 

 

$

0.45

 

2.51

 

$

2,557,100

   Number of Warrants   Weighted-Average Exercise
Price
   Weighted-Average Remaining Contractual Life in Years   Aggregate Intrinsic Value 
Outstanding – January 10, 2019   2,280,000   $0.72    3.44   $ 
Exercisable – January 10, 2019   2,280,000   $0.72    3.44   $ 
Granted   3,868,523    0.18           
Exercised   (5,472,500)   0.23           
Forfeited or Expired   (172,500)   3.61           
Outstanding – December 31, 2019   503,523   $0.95    1.96   $258,328 
Exercisable – December 31, 2019   503,523   $0.95    1.96   $258,328