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STOCKHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2018
Stockholders' equity:  
Stock option activity
          Weighted Average        
   

Options on

Common

Shares

   

Exercise

Price

   

Remaining

Contractual

Term

   

Aggregate

Intrinsic

Value

 
Outstanding January 1, 2018     -       -       -       -  
Granted     1,847,500     $ 1.50       5.00       -  
Exercised     -       -       -       -  
Forfeited, cancelled, expired     -       -       -       -  
Outstanding June 30, 2018     1,847,500     $ 1.50       4.90     $ 3,695,000  
Vested and exercisable at June 30, 2018     225,000     $ 1.50       4.90     $ 450,000  
Stock-based compensation
    For the Three Months     For the Six Months  
    Ended June 30,     Ended June 30,  
     2018      2017      2018      2017  
Selling, general and administrative   $ 125,878     $ -     $ 125,878     $ -  
Research and development     47,095       -       47,095       -  
Total stock-based expense   $ 172,973     $ -     $ 172,973     $ -  
Assumptions used to compute the fair value of options granted
   

Six Months Ended

June 30, 2018

 
Expected stock price volatility      47%  
Risk-free interest rate      2.67%  
Forfeiture rate      0%  
Expected dividend yield      0%  
Expected life of options - years     2.75 - 5.00  
Weighted-average fair value of options granted      $0.55