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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table illustrates the dilutive effect of the assumed exercise of the Company’s outstanding stock options and warrants, using the treasury stock method, as of December 31, 2019 and 2018:

 
Year Ended
Year Ended
Numerator:
December 31, 2019
December 31, 2018
Net Income (loss)
$
11,593,050

$
(21,195,316
)
 
 
 
Denominator:
 
 
Denominator for basic income (loss) per share - weighted average shares
4,018,464

2,985,335

Effect of dilutive securities:
 
 
Stock options and warrants
1,323,914

—

Denominator for diluted income (loss) per share
5,342,378

2,985,335

 
 
 
Income (loss) per share - Basic
$
2.88

$
(7.10
)
Income (loss) per share - Diluted
$
2.17

$
(7.10
)