WARRANTS (Tables)

9 Months Ended

Sep. 30, 2020

WARRANTS [Abstract]

Warrants Fair Value Assumptions

The Warrant was evaluated by the Company and classified as stockholder’s equity. Its fair value was estimated using a Black-Scholes option-pricing model using the following assumptions:

Stock price on issuance date	$	5.40
Strike price	$	5.22
Risk-free interest rate		1.45	%
Volatility		43.65	%
Expected life	7 years