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CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
Total
Common Stock
Treasury Stock
Additional paid-in capital
Accumulated deficit
Beginning balance (in shares) at Dec. 31, 2017   38,936,988 (10,609,177)    
Beginning balance at Dec. 31, 2017 $ 49,975,264 $ 38,937 $ (16,625,873) $ 93,913,557 $ (27,351,357)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock-based compensation $ 467,203     467,203  
Exercise of stock options (in shares) 30,000 30,000      
Exercise of stock options $ 4,500 $ 30   4,470  
Repurchases of common stock (in shares)     (1,644,325)    
Repurchases of common stock (2,304,042)   $ (2,304,042)    
Net loss $ (5,691,756)       (5,691,756)
Ending balance (in shares) at Dec. 31, 2018 38,966,988 38,966,988 (12,253,502)    
Ending balance at Dec. 31, 2018 $ 42,451,169 $ 38,967 $ (18,929,915) 94,385,230 (33,043,113)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock-based compensation $ 1,171,079     1,171,079  
Exercise of stock options (in shares) 781,500 645,671      
Exercise of stock options $ 550,188 $ 646   549,542  
Net loss $ (8,307,965)       (8,307,965)
Ending balance (in shares) at Dec. 31, 2019 39,612,659 39,612,659 (12,253,502)    
Ending balance at Dec. 31, 2019 $ 35,864,471 $ 39,613 $ (18,929,915) $ 96,105,851 $ (41,351,078)