Share Based Compensation (Tables)

6 Months Ended

Jun. 30, 2020

Share-based Payment Arrangement [Abstract]

Schedule of the option activity

	Number of share options			Weighted average exercise price $		Remaining contractual term in years
Outstanding, January 1, 2020		218,222			12.91		11.51
Granted		685,569			3.02		12.02
Exercised		(2,274	)		12.91		-
Forfeited		(2,150	)		8.79		-
Outstanding, June 30, 2020		899,367			5.38		11.60
Exercisable, June 30, 2020		106,852			12.91		10.51

Schedule of each stock option award is estimated on the date of grant using the Black-Scholes option pricing model

	Date of grant
Expected volatility	88.44%-96.55%
Risk-free interest rate	0.65%-2.49%
Expected term from grant date (in years)	5.25-7.29
Dividend rate	-
Dilution factor	0.9909-1
Fair value	$1.55-$10.52