Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

The following table summarizes the effects of adopting ASU 2016-02 on the Company's balance sheet as of December 31, 2019:

	As reported		Adjustments			Amounts under prior GAAP
Assets
Prepaid expenses and other current assets	$	652,919	$	20,910		$	673,829
Total current assets	$	5,430,814	$	20,910		$	5,451,724
Right of use asset	$	1,159,774	$	(1,159,774	)	$	—
Other long-term assets	$	29,650	$	33,645		$	63,295
Total assets	$	6,893,686	$	(1,105,219	)	$	5,788,467
Liabilities
Lease obligation - current	$	588,546	$	(188,545	)	$	400,001
Total current liabilities	$	3,446,778	$	(188,545	)	$	3,258,233
Lease obligation - net of current portion	$	916,674	$	(916,674	)	$	—
Total liabilities	$	4,363,452	$	(1,105,219	)	$	3,258,233

The following table summarizes the effects of adopting ASU 2016-02 on the Company's balance sheet as of December 31, 2018

	As reported		Adjustments			Amounts under prior GAAP
Assets
Prepaid expenses and other current assets	$	860,915	$	44,852		$	905,767
Total current assets	$	11,586,165	$	44,852		$	11,631,017
Right of use asset	$	1,968,062	$	(1,968,062	)	$	—
Other long-term assets	$	30,314	$	44,578		$	74,892
Total assets	$	13,991,880	$	(1,878,632	)	$	12,113,248
Liabilities
Lease obligation - current	$	577,460	$	(577,460	)	$	—
Total current liabilities	$	6,592,897	$	(577,460	)	$	6,015,437
Lease obligation - net of current portion	$	1,301,172	$	(1,301,172	)	$	—
Total liabilities	$	7,894,069	$	(1,878,632	)	$	6,015,437

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Basic and dilutive net income (loss) per common share were as follows:

	Years Ended December 31,
	2019			2018
Net income (loss) applicable to common stockholders	$	(3,773,014	)	$	23,605
Weighted average number of common shares outstanding, basic	968,116			710,457
Dilutive convertible preferred stock	—			678,100
Weighted average number of common shares outstanding, dilutive	968,116			1,388,557
Net income (loss) per common share applicable to common stockholders, basic	$	(3.90	)	$	0.03
Net income (loss) per common share applicable to common stockholders, diluted	$	(3.90	)	$	0.02

Schedule of Anti-Dilutive Securities

e following potentially dilutive weighted average number of common stock equivalents were excluded from the calculation of diluted net income (loss) per common share because their effect was anti-dilutive for each of the periods presented:

	Years Ended December 31,
	2019	2018
Options	38,936	44,199
Warrants	44,534	45,937
Convertible preferred stock	478,184	—
Total	561,654	90,136