7. COMMON STOCK (Tables)

12 Months Ended

Dec. 31, 2020

Share-based Payment Arrangement [Abstract]

Schedule of option activity

A summary of stock options activity for the years ended December 31, 2020 and 2019 is presented as follows:

						Weighted-
				Weighted-		Average
				Average		Remaining		Aggregate
				Exercise		Contractual		Intrinsic
	Shares			Price		Term (Years)		Value
Outstanding at December 31, 2018		2,707,327		$	2.00
Granted		–			–
Exercised		(245,800	)		1.75
Forfeited/expired		(57,727	)		2.40
Outstanding at December 31, 2019		2,403,800		$	2.01		8.45	$	19,565,450
Granted		500,000			3.87
Exercised		(71,900	)		2.40
Forfeited/expired		(144,200	)		2.91
Outstanding at December 31, 2020		2,687,700		$	2.30		7.74	$	6,294,948
Exercisable at December 31, 2020		896,100		$	1.91		7.42	$	2,445,264

Schedule of unvested option activity

A summary of unvested options activity for the years ended December 31, 2020 and 2019 was as follows:

				Weighted-
				Average
				Grant Date
	Shares			Fair Value
Unvested at December 31, 2018		2,707,327		$	2.00
Granted		–			–
Forfeited/expired		(57,727	)		2.40
Vested		(610,200	)		1.91
Unvested at December 31, 2019		2,039,400		$	2.01
Granted		500,000			3.87
Forfeited/expired		(144,200	)		2.91
Vested		(603,600	)		1.91
Unvested at December 31, 2020		1,791,600		$	2.49

Schedule of weighted average grant date fair value and intrinsic value of options exercised

The weighted average grant date fair value of options granted and the total intrinsic value of options exercised for the years ended December 31, 2020 and 2019 is as follows:

	2020		2019
Weighted average grant date fair value of options granted	$	2.86	$	–
Intrinsic value of options exercised	$	370,764	$	2,605,923

Schedule of stock awards activity

A summary of stock awards activity for the years ended December 31, 2020 and 2019 was as follows:

				Weighted-
				Average Grant
	Shares			Date Fair Value
Outstanding at December 31, 2018		5,795,000		$	0.94
Granted		576,147			9.50
Forfeited		(170,000	)		4.47
Vested		(1,801,147	)		0.68
Outstanding at December 31, 2019		4,400,000		$	2.06
Granted		254,747			7.80
Forfeited		(792,500	)		4.61
Vested		(1,629,558	)		0.89
Outstanding at December 31, 2020		2,232,689		$	2.70