Related Party Transactions	6 Months Ended
Jun. 30, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Note 10. Related Party Transactions During the three months ended June 30, 2020 and 2019, the Company redeemed 3,750 and 3,750 previously awarded options reaching expiration from the Company’s COO. The redemption eliminated the stock options and resulted in a total of $10,466 and $4,933 in additional compensation expense in for the three months ended June 30, 2020 and 2019, respectively. During the six months ended June 30, 2020 and 2019, the Company redeemed 7,500 and 3,750 previously awarded options reaching expiration from the Company’s COO. The redemption eliminated the stock options and resulted in a total of $12,864 and $4,933 in additional compensation expense for the six months ended June 30, 2020 and 2019, respectively. During the three months ended June 30, 2020 and 2019, the Company issued 7,500 and 5,000 shares of common stock to related parties consisting of the CEO and one member of the Board of Directors, to exercise previously awarded stock options for $6,915 and $5,650 cash paid at an exercise price of $0.922 and $1.13 per share, respectively. During the six months ended June 30, 2020 and 2019, the Company issued 15,000 and 5,000 shares of common stock to related parties consisting of the CEO and one member of the Board of Directors, to exercise previously awarded stock options for $13,215 and $5,650 cash paid at an weighted average exercise price of $0.881 and $1.13 per share, respectively. Mr. Saltz, who is a member of our Board of Directors, is also Chairman of the Board of Directors of TEC, as well as a majority stockholder of TEC. The Company has entered into a Co-Venture Agreement with TEC (See Note 9. Collaboration Agreement with Related Party.) The Company owns 560,000 shares of TEC common stock representing approximately 4.8% of the issued and outstanding shares of TEC common stock. The Company recognized $12,502 and $32,795 for license fees (royalties) for the three months ended June 30, 2020 and 2019, respectively, pursuant to the terms of the Co-Venture Agreement. The Company recognized $29,242 and $72,432 for license fees (royalties) for the six months ended June 30, 2020 and 2019, respectively, pursuant to the terms of the Co-Venture Agreement. As of June 30, 2020 and December 31, 2019, the Company had accounts receivable balances outstanding from TEC of $21,228 and $14,323, respectively. Mr. Richardson, who is a member of our Board of Directors, is also acting CEO of Natural Point, Inc. (“Natural Point”), a vendor of the Company. For the three months ended June 30, 2020 and 2019, the Company purchased specialized equipment from Natural Point in the amount of $47,416 and $17,733, respectively. For the six months ended June 30, 2020 and 2019, the Company purchased specialized equipment from Natural Point in the amount of $47,416 and $56,084, respectively. As of June 30, 2020 and December 31, 2019, the Company had $13,946 and $34,865 accounts payable balance outstanding, respectively.

Related Party Transactions

6 Months Ended

Jun. 30, 2020

Note 10. Related Party Transactions

During the three months ended June 30, 2020 and 2019, the Company redeemed 3,750 and 3,750 previously awarded options reaching expiration from the Company’s COO. The redemption eliminated the stock options and resulted in a total of $10,466 and $4,933 in additional compensation expense in for the three months ended June 30, 2020 and 2019, respectively. During the six months ended June 30, 2020 and 2019, the Company redeemed 7,500 and 3,750 previously awarded options reaching expiration from the Company’s COO. The redemption eliminated the stock options and resulted in a total of $12,864 and $4,933 in additional compensation expense for the six months ended June 30, 2020 and 2019, respectively.

During the three months ended June 30, 2020 and 2019, the Company issued 7,500 and 5,000 shares of common stock to related parties consisting of the CEO and one member of the Board of Directors, to exercise previously awarded stock options for $6,915 and $5,650 cash paid at an exercise price of $0.922 and $1.13 per share, respectively. During the six months ended June 30, 2020 and 2019, the Company issued 15,000 and 5,000 shares of common stock to related parties consisting of the CEO and one member of the Board of Directors, to exercise previously awarded stock options for $13,215 and $5,650 cash paid at an weighted average exercise price of $0.881 and $1.13 per share, respectively.

Mr. Saltz, who is a member of our Board of Directors, is also Chairman of the Board of Directors of TEC, as well as a majority stockholder of TEC. The Company has entered into a Co-Venture Agreement with TEC (See Note 9. Collaboration Agreement with Related Party.) The Company owns 560,000 shares of TEC common stock representing approximately 4.8% of the issued and outstanding shares of TEC common stock. The Company recognized $12,502 and $32,795 for license fees (royalties) for the three months ended June 30, 2020 and 2019, respectively, pursuant to the terms of the Co-Venture Agreement. The Company recognized $29,242 and $72,432 for license fees (royalties) for the six months ended June 30, 2020 and 2019, respectively, pursuant to the terms of the Co-Venture Agreement. As of June 30, 2020 and December 31, 2019, the Company had accounts receivable balances outstanding from TEC of $21,228 and $14,323, respectively.

Mr. Richardson, who is a member of our Board of Directors, is also acting CEO of Natural Point, Inc. (“Natural Point”), a vendor of the Company. For the three months ended June 30, 2020 and 2019, the Company purchased specialized equipment from Natural Point in the amount of $47,416 and $17,733, respectively. For the six months ended June 30, 2020 and 2019, the Company purchased specialized equipment from Natural Point in the amount of $47,416 and $56,084, respectively. As of June 30, 2020 and December 31, 2019, the Company had $13,946 and $34,865 accounts payable balance outstanding, respectively.