Share-based Compensation (Tables)

9 Months Ended

Sep. 30, 2020

Stock Options and Grants [Abstract]

Schedule of stock-based compensation expense included in statement of operations

	Three Months Ended September 30,				Nine Months Ended September 30,
		2020		2019	2020		2019
Payroll and related expenses	$	303,169	$	139,402	$	414,563	$	472,014
General and administrative expenses		—		—		57,120		—
Marketing and business development expenses		—		3,375		—		10,125
Total	$	303,169	$	142,777	$	471,683	$	482,139

	Three Months Ended September 30,				Nine Months Ended September 30,
		2020		2019	2020		2019
Stock options	$	2,667	$	40,098	$	8,000	$	112,293
Restricted Stock Units		300,502		102,679		463,683		369,846
Total	$	303,169	$	142,777	$	471,683	$	482,139

Summary of fair value stock-based option awards granted using Black-Scholes option valuation model

	2019
Expected dividend yield	—	%
Expected stock volatility	68.35	%
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 – September 30, 2020		52,337			24.75		81.60		6.65	$	—
Exercisable – December 31, 2019		52,649			24.80		81.20		7.39		—
Exercisable – September 30, 2020		52,128		$	24.74	$	81.56		6.64	$	—

Schedule of RSU activities

	Number of Shares
Non-vested balance at January 1, 2020		8,938
Granted		472,331
Vested		(17,512	)
Forfeited/Expired		(4,000	)
Non-vested balance at September 30, 2020		459,757