Equity (Tables)

6 Months Ended

Jun. 30, 2019

Share-based Payment Arrangement [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The significant weighted average assumptions relating to the valuation of the Company’s stock options granted during the six months ended June 30, 2019 were as follows:

	June 30, 2019
Dividend yield		0%
Expected life		3.5-6.5 Years
Expected volatility		82.40-85.89%
Risk-free interest rate		1.71-2.23%

Summary of Stock Options

A summary of the options activity for the six months ended June 30, 2019 is as follows:

	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at January 1, 2019		1,494,158		$	0.46		6.93 Years	$	409,678
Granted		602,000			0.41		8.08 Years		—
Exercised/Forfeited		(70,438	)		0.49		—Years		—
Outstanding at June 30, 2019		2,025,720			0.44		6.97 Years		215,883
Exercisable at period end		1,218,544		$	0.34		6.57 Years	$	208,659

A summary of the options activity for the six months ended June 30, 2018 is as follows:

					Weighted
			Weighted		Average
			Average		Remaining		Aggregate
			Exercise		Contractual		Intrinsic
	Shares		Price		Term		Value
Outstanding at January 1, 2018		1,134,830	$	0.06		8.5 years	$	—
Granted		111,500		2.93		5.0 years		—
Outstanding at June 30, 2018		1,246,330	$	0.32		7.8 years	$	—
Exercisable at end of the year		851,088	$	0.09		7.6 years	$	—