EQUITY-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 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 on the grant date.

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 six months ended June 30, 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	(26,000)	—
Outstanding at June 30, 2020	322,233	$	17.59	7.85	$	—
Exercisable at June 30, 2020	85,101	$	59.61	3.00	$	—