Basis of Presentation and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Schedule of Earnings (Loss) Per Share, Basic and Diluted

Common Stock equivalents represent the dilutive effect of the assumed exercise of outstanding stock options and warrants, using the treasury stock method, at either the beginning of the respective period presented or the date of issuance, whichever is later, and only if the Common Stock equivalents are considered dilutive based upon the Company’s net income position at the calculation date.

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
Numerator:	2020		2019		2020		2019
Net income (loss)	$	724,974	$	10,683,099	$	(1,175,874)	$	10,525,252
Denominator:
Denominator for basic income (loss)
per share - weighted-average shares	4,258,105		4,048,635		4,247,045		3,985,112
Effect of dilutive securities:
Equity incentive plans	589,106		1,373,710		—		1,325,045
Denominator for diluted income (loss) per share	4,847,211		5,422,345		4,247,045		5,310,157
Income (loss) per share - Basic	$	0.17	$	2.64	$	(0.28)	$	2.64
Income (loss) per share - Diluted	$	0.15	$	1.97	$	(0.28)	$	1.98

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The Company excluded the following securities from the calculation of diluted net income (loss) per share as the effect would have been antidilutive for the nine months ended September 30, 2020 due to the Company's net loss and the securities exercise prices were greater than the Company's average stock price for the three months ended September 30, 2020.

	For the Three Months Ended September 30,		For the Nine Months Ended September 30,
	2020	2019	2020	2019
Options to purchase common stock	729,692	409,025	3,077,692	476,438
Warrants to purchase common stock	240,000	—	278,800	—
Total	969,692	409,025	3,356,492	476,438