XML 53 R41.htm IDEA: XBRL DOCUMENT v3.20.2
Stock Based Compensation (Details Textual) - USD ($)
1 Months Ended 6 Months Ended
Feb. 04, 2020
Jan. 10, 2020
Oct. 03, 2014
Jun. 09, 2020
May 19, 2020
Apr. 27, 2020
Feb. 26, 2020
Jun. 30, 2020
Jun. 30, 2019
Jan. 09, 2020
Dec. 31, 2019
Aug. 10, 2017
Stock Based Compensation (Textual)                        
Shares available for issuance                   2,627,533    
Common stock, shares authorized               100,000,000     100,000,000  
Common stock, shares issued               5,843,203     2,627,533  
Unamortized value of RSUs               $ 7,751,851        
Weighted average grant date fair value                 $ 6.71      
Weighted average remaining amortization period               2 years 11 months 1 day        
Restricted Stock Units (RSUs) [Member]                        
Stock Based Compensation (Textual)                        
Grant date fair value               $ 30.00      
Unamortized value of RSUs               $ 10,414,800        
Number of RSUs               89,913 0      
Weighted average remaining amortization period               2 years 2 months 19 days        
Restricted Stock Units (RSUs) [Member] | Directors One [Member]                        
Stock Based Compensation (Textual)                        
Issuance of common stock   $ 254,000                    
Vested options, percentage   12.50%                    
Grant date fair value   $ 7,620,000                    
Restricted Stock Units (RSUs) [Member] | Directors OneMember                        
Stock Based Compensation (Textual)                        
Issuance of common stock   $ 62,000                    
Vested options, percentage   50.00%                    
Grant date fair value   $ 1,860,000                    
Restricted Stock Units (RSUs) [Member] | Officers [Member]                        
Stock Based Compensation (Textual)                        
Issuance of common stock   $ 91,000                    
Grant date fair value   $ 2,730,000                    
Restricted Stock Units (RSUs) [Member] | Employees [Member]                        
Stock Based Compensation (Textual)                        
Issuance of common stock   $ 14,825                    
Grant date fair value   $ 444,750                    
Restricted Stock Units (RSUs) [Member] | CEO [Member]                        
Stock Based Compensation (Textual)                        
Issuance of common stock   $ 50,000                    
Grant date fair value   $ 1,500,000                    
2020 Inducement Plan [Member]                        
Stock Based Compensation (Textual)                        
Issuance of common stock               $ 600,000        
Shares available for issuance               560,550        
2017 Equity Incentive Plan [Member]                        
Stock Based Compensation (Textual)                        
Shares available for issuance                       2,000,000
2014 Equity Incentive Plan [Member]                        
Stock Based Compensation (Textual)                        
Shares available for issuance               317,114        
Sale of stock, description               The number of shares available for issuance under the Amended 2014 Plan increased by 900,002 shares from 148,298 shares to 1,048,300 shares on January 1, 2020.        
2014 Equity Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member]                        
Stock Based Compensation (Textual)                        
Sale of stock, description Pursuant to the hiring of the Company’s CFO, the Board of Directors approved the grant of a stock option under the 2014 Equity Incentive Plan to purchase 94,000 shares of the Company’s Common Stock with an exercise price of $37.30 per share. This option will expire ten years from the date of grant and will vest 25% on the one year anniversary of the grant date and the remainder of the underlying shares vest in thirty-six equal monthly installments thereafter. Mr. Davis will be eligible for future equity awards under such plan on an annual basis. The grant date fair value of this option was $2,791,556. The Board of Directors approved the grant of two options under the 2014 Equity Incentive Plan for the purchase of an aggregate 222,500 shares of the Company’s Common Stock to Mr. Shefferman. The first option, granted on January 10, 2020, is for the purchase of 111,250 shares of the Company’s Common Stock and has an exercise price of $30 per share. This option expires ten years from the date of grant and vests 25% on the one year anniversary of the grant date and the remainder of the underlying shares vest in thirty-six equal monthly installments thereafter. The grant date fair value of this option was $2,662,135.   The Company issued to directors of the Company stock options to purchase an aggregate of 54,000 shares of the Company's common stock. These stock options has an exercise price of $35.00, expire 10 years from the date of grant, and vest monthly over 12 months. The Compensation Committee of the Company approved the grant of a stock option under the 2020 Inducement Plan to a new hire of the Company. On June 1, 2020, this employee was granted an option to purchase 3,700 shares of the Company's Common Stock with an exercise price of $51.12 per share. This option expires ten years from the date of grant and vests 25% on May 11, 2021 and the remainder of the underlying shares shall vest in thirty-six equal monthly installments thereafter. The Compensation Committee of the Company approved the grant of stock options under the 2020 Inducement Plan to new hires of the Company. On May 1, 2020, these employees were granted options to purchase an aggregate of 4,100 shares of the Company's Common Stock with an exercise price of $24.02 per share. These options expire ten years from the date of grant and vests 25% between April 20, 2021 and April 27, 2021 (depending on the specific grant) and the remainder of the underlying shares shall vest in thirty-six equal monthly installments thereafter. The Compensation Committee of the Company pre-approved the grants of stock options under the Inducement Plan to new hires of the Company. On April 1, 2020, these employees were granted options to purchase an aggregate of 51,650 shares of the Company's Common Stock with an exercise price of $24.25 per share. These options will expire ten years from the date of grant and will each vest 25% between March 9, 2021 and March 23, 2021 (depending on the specific grant) and the remainder of the underlying shares shall vest in thirty-six equal monthly installments thereafter. The second option, which was granted on July 10, 2020, is for the purchase of 111,250 shares of the Company's Common Stock. The option has an exercise price of $27.42 per share. This option will expire ten years from the date of grant and will vest 25% on the one year anniversary of the grant date and the remainder of the underlying shares vest in thirty-six equal monthly installments thereafter        
Grant date fair value $ 2,791,556 $ 2,662,135   $ 1,374,732 $ 144,025 $ 75,019 $ 954,053          
2014 Employee Stock Purchase Plan [Member]                        
Stock Based Compensation (Textual)                        
Sale of stock, description     The number of shares increases each January 1, commencing on January 1, 2015 and ending on (and including) January 1, 2024, by an amount equal to the lesser of one percent of the outstanding shares as of the end of the immediately preceding fiscal year, 7,025 shares or any lower amount determined by the Company’s Board of Directors prior to each such January 1st.                  
Common stock, shares authorized     3,513         18,012        
Common stock, shares issued               13,340