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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

The following table summarizes the status of the Company’s aggregate stock options granted:


 

 

 

Number of
Options

 

 

Weighted
Average
Exercise Price

 

 

Weighted
Average
Remaining Term(Years)

 

 

Total
Intrinsic
Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Balance, January 1, 2019

 

 

 

566,667

 

 

$

2.33

 

 

 

5.95

 

 

 

 

 

Granted

 

 

 

640,000

 

 

 

1.54

 

 

 

9.83

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

(125,000

)

 

 

3.00

 

 

 

7.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2019

 

 

 

1,081,667

 

 

$

1.74

 

 

 

7.67

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2020

 

 

 

1,081,667

 

 

$

1.74

 

 

 

7.67

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2020

 

 

 

1,081,667

 

 

$

1.74

 

 

 

6.67

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2020

 

 

 

688,332

 

 

$

1.85

 

 

 

5.44

 

 

$

102,667