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Share-based Compensation (Tables)
3 Months Ended
Mar. 31, 2020
Stock Options and Grants [Abstract]  
Schedule of stock-based compensation expense included in statement of operations



Three Months Ended March 31,



2020
2019


Payroll and related expenses

   

$

38,764

   

   

$

162,493

   

 

       Total

   

$

38,764

   

 

$

162,493

   




 Three Months Ended March 31,




 2020

2019

 

Stock options

   

$

2,667

  

  

$

32,098

   

 

RSUs 

   

 

36,097

  

  

 

130,395

   


Total
$ 38,764

$ 162,493
Summary of fair value stock-based option awards granted using Black-Scholes option valuation model

 

 



  2019

 

Expected dividend yield




%

 

Expected stock volatility




68.4 %

 

Risk-free interest rate




2.44 %

 

Expected life




3.00
Summary of employee stock option activity

 

 

 

 Shares

 

 

Weighted Average Fair Value Per Share

 

 

Weighted
Average Exercise Price Per Share

 

 

Weighted Average Remaining Terms (in years)

 

 

Aggregate Intrinsic Value

 

 

Outstanding – December 31, 2019

 

 

53,170

 

 

$

24.80

 

 

$

81.20

 

 

 

7.40

 

 

$

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

(833

)

 

 

 

 

 

 

 

 


 

 

 

 

 

 

Outstanding – March 31, 2020

 

 

52,337

 

 

 

24.75

 

 

 

81.60

 

 

 

7.15

 

 

$

 

 

Exercisable – December 31, 2019

 

 

52,649

 

 

 

24.80

 

 

 

81.20

 

 

 

7.39

 

 

 

 

 

Exercisable – March 31, 2020

 

 

51,920

 

 

$

24.74

 

 

$

81.51

 

 

 

7.14

 

 

$

 

Schedule of RSU activities


    Number of Shares

 

Non-vested balance at January 1, 2020



8,938

 

Granted





Vested

Forfeited/Expired

Non-vested balance at March 31, 2020 
8,938