XML 82 R33.htm IDEA: XBRL DOCUMENT v3.20.1
Warrants (Tables)
12 Months Ended
Dec. 31, 2019
Warrants and Rights Note Disclosure [Abstract]  
Schedule of Fair Assumptions of Warrants

The following table summarizes the assumptions used to estimate the fair value of the warrants to purchase 172,000 shares granted during 2018 as of re-measurement dates:

 

    2018  
Expected Volatility     40 %
Risk Free Interest Rate     2.84 %
Expected life of warrants     3.0

Schedule of Warrant Activity

The following table represents warrant activity for the period ending December 31, 2019 and 2018:

 

    Number of Warrants     Weighted Average Exercise Price     Weighted Average Remaining Contractual Life in Years     Aggregate Intrinsic Value  
Outstanding - December 31, 2017     0     $ -                  
Granted     353,250     $ 2.40                  
Outstanding - December 31, 2018     353,250     $ 2.40       3.00          
Exercisable - December 31, 2018     353,250     $ 2.40       2.85     $ -  
Granted     -     $ -                  
Forfeited or Expired     -                          
Outstanding - December 31, 2019     353,250     $ 2.40       2.00          
Exercisable - December 31, 2019     353,250     $ 2.40       1.85     $ -