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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Fair Value of Stock Options

The following table summarizes the assumptions used to estimate the fair value of the stock options granted during 2019:

 

     2019 
Expected Volatility    39%-48%
Risk Free Interest Rate    2.62%-2.71 %
Expected life of warrants    6.25 – 10.0  
Schedule of Stock Option Activity

The following Table represents option activity for the six months ending June 30, 2019:

 

   Number of
Options
   Weighted
Average
Exercise
Price
   Weighted
Average
Remaining
Contractual
Life in Years
   Aggregate
Intrinsic
Value
 
Outstanding - December 31, 2018   6,240,000   $1.17    9.86      
Exercisable - December 31, 2018   3,120,000   $0.33    9.86   $5,210,400 
Granted   705,000   $2.00           
Vested   -                
Outstanding – June 30, 2019   6,945,000   $1.25    9.39      
Exercisable - June 30, 2019   3,120,000   $0.33    9.37   $5,210,400