WARRANTS (Tables)

12 Months Ended

Dec. 31, 2020

Warrants and Rights Note Disclosure [Abstract]

Schedule of Warrant Activity

A roll-forward of warrant activity from January 1, 2020 to December 31, 2020 is shown in the following table:

	Issued and Outstanding Warrants as of January 1, 2020	Warrants Exercised/ Expired		Issued and Outstanding Warrants as of December 31, 2020
Consulting Warrant	6,667	(6,667)	(1)	—
Financing Warrant	62,530	(62,530)	(2)	—
Private Placement Warrants - September 2017	1,966,319	(1,966,319)	(3)	—
Placement Agent Warrants - 2017	98,846	(98,846)	(4)	—
	2,134,362	(2,134,362)		—

(1)     During the year ended December 31, 2020, there were 6,667 warrants that were exercised through a cashless exercise which netted 6,640 shares being issued.

(2)     During the year ended December 31, 2020, there were 62,530 warrants that expired.

(3)    During the year ended December 31, 2020, there were 5,319 warrants that were cancelled and 1,961,000 warrants that expired.

(4)    During the year ended December 31, 2020, there were 98,846 warrants that expired.

A roll-forward of warrant activity from January 1, 2019 to December 31, 2019 is shown in the following table:

	Exercise Price	Expiration Date	Issued and Outstanding Warrants as of January 1, 2019	Warrants Exercised/ Expired		Issued and Outstanding Warrants as of December 31, 2019
Consulting Warrant	$0.01	6/17/2020	6,667	—		6,667
Financing Warrant	$3.35	6/17/2020	62,530	—		62,530
Underwriting Warrant	$7.50	5/28/2019	310,500	(310,500)	(1)	—
Private Placement Warrants - 2016	$2.86	4/25/2019	818,063	(818,063)	(2)	—
Underwriting Warrants - Public Offering 2016	$4.25	9/9/2019	122,175	(122,175)	(3)	—
Private Placement Warrants - September 2017	$4.85	9/28/2020	1,966,319	—		1,966,319
Placement Agent Warrants - 2017	$4.85	9/28/2020	98,846	—		98,846
			3,385,100	(1,250,738)		2,134,362

(1)     During the year ended December 31, 2019, 310,500 warrants expired.

(2)     During the year ended December 31, 2019, there were 485,000 warrants exercised for cash, including 335,000 warrants exercised by our significant shareholder, Park City Capital. Additionally, there were 44,928 warrants that were exercised through a cashless exercise which netted 1,809 shares being issued and 288,135 warrants that expired.

(3)    During the year ended December 31, 2019, 122,175 warrants expired.