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Stockholders’ Equity (Tables)
6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
Schedule of Stockholders’ Equity

   Shares   Amount   Paid-in Capital   Accumulated Deficit   Total Stockholders’ Equity (Deficit) 
Balance, December 31, 2020   10,382   $1   $52,985   $(54,094)  $(1,108)
Stock-based compensation   -    -    23    -    23 
Issuance of warrants for secured credit facility   -    -    717    -    717 
Issuance of common stock for Azuñia initial earn-out   1,883    -    6,860    -    6,860 
Issuance of common stock for services by third parties   110    -    176    -    176 
Issuance of common stock for services by employees   43    -    71    -    71 
Net income attributable to common shareholders   -    -    -    1,940    1,940 
Balance, June 30, 2021   12,418   $1   $60,832   $(52,154)  $8,679 
Summary of Stock Option Activity

A summary of all stock option activity as of and for the six months ended June 30, 2021 is presented below:

 

   # of Options   Weighted-Average Exercise Price 
Outstanding as of December 31, 2020   134,931   $4.71 
Options granted   5,000    0.53 
Options canceled   (62,221)   5.26 
Outstanding as of June 30, 2021   77,710   $3.55 
           
Exercisable as of June 30, 2021   73,085   $3.51 
Schedule of Weighted-average Assumptions Used in Black-scholes Valuation Method

The following weighted-average assumptions were used in the Black-Scholes valuation model for options granted during the six months ended June 30, 2021:

 

Risk-free interest rate   1.69%
Expected term (in years)   5.0 
Dividend yield   - 
Expected volatility   75%
Schedule of Share Based Payment Award Assumptions Used in Black-scholes Valuation Method

The estimated fair value of the warrants at issuance was based on a combination of closing market trading price on the date of issuance for the public offering warrants, and the Black-Scholes option-pricing model using the weighted-average assumptions below:

Volatility   75%
Risk-free interest rate   0.84%
Expected term (in years)   4.0 
Expected dividend yield   - 
Fair value of common stock  $1.74 

Summary of Warrant Activity

 

   Warrants   Weighted-Average Remaining Life (Years)   Weighted-Average Exercise Price   Aggregate Intrinsic Value 
Outstanding as of December 31, 2020   240,278    3.2   $4.85   $- 
Granted   900,000    3.9    7.17    - 
Outstanding as of June 30, 2021   1,140,278    3.5   $3.11   $-