EQUITY-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement [Abstract]

Schedule of Fair Value Assumptions

The fair value of the option grants of $92,007 has been estimated with the following assumptions for the three months ended March 31, 2020:

Risk-free interest rate	0.48	%
Volatility	113.17	%
Expected life (years)	5.80
Expected dividend yield	0	%

Summary of Stock Option Activity

The following table summarizes stock option activity for employees and non-employees for the three months ended March 31, 2020:

	Shares	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Outstanding at December 31, 2019	166,233	$	34.42	6.53	$	—
Granted	182,000	0.61
Forfeited	(10,000)	—
Outstanding at March 31, 2020	338,233	$	17.01	8.18	$	—
Exercisable at March 31, 2020	84,711	$	59.85	3.23	$	—