Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2020

Equity [Abstract]

Schedule of Warrants Activity

The following table summarizes information about warrants granted during the years ended December 31,:

	2020				2019
	Number of warrants		Weighted Average Exercise Price		Number of warrants		Weighted Average Exercise Price
Balance, beginning of year		1,166,667	$	6.42		275,000	$	4.55
Warrants granted		375,000		-		891,667		7.00
Warrants expired		25,000		-		-		-
Warrants cancelled, forfeited				-		-		-
Warrants exercised		150,000		-		-		-
Balance, end of year		1,366,667	$	7.19		1,166,667	$	6.42
Exercisable warrants		1,200,001	$	7.14		1,166,667	$	6.42

Schedule of Outstanding Warrants

Outstanding warrants as of December 31, 2020 are as follows:

		Weighted Average				Weighted				Weighted
Range of		residual life				Average				Average
Exercise		span		Outstanding		Exercise		Exercisable		Exercise
Prices		(in years)		Warrants		Price		Warrants		Price
	2.20		0.59		75,000	$	2.20		75,000	$	2.20
	7.00		3.77		891,667		7.00		891,667		7.00
	7.50		5.68		250,000		7.50		83,334		7.50
	8.00		1.16		10,000		8.00		10,000		8.00
	10.00		2.22		125,000		10.00		125,000		10.00
	14.00		0.16		15,000		14.00		15,000		14.00
	2.20 to 14.00		3.93		1,366,667	$	8.12		1,200,001	$	8.12

Schedule of Warrants Outstanding, Expiry Date and Exercise Prices

Warrants outstanding have the following expiry date and exercise prices as of the year ended December 31, 2020:

	Exercise
Expiry Date	Prices		2020		2019
June 26, 2020	$	5.60				10,000
October 10, 2020		12.00				15,000
December 30, 2020		4.00				150,000
February 02, 2021		14.00		15,000
August 02, 2021		2.20		75,000		75,000
October 10, 2021		10.00		25,000		25,000
February 27, 2022		8.00		10,000		-
May 18, 2023		10.00		50,000		-
October 14, 2023		10.00		50,000		-
October 06, 2024		7.00		891,667		891,667
September 01, 2025		7.50		83,334		-
June 04, 2026		7.50		83,333		-
December 04, 2027		7.50		83,333		-
	$	8.37		1,366,667		1,166,667

Schedule of Stock Options Granted

Stock Options - The following table summarizes information about stock options granted during the years ended December 31, 2020 and 2019:

	2020				2019
	Number of stock options		Weighted Average Exercise Price		Number of stock options		Weighted Average Exercise Price
Balance, beginning of year		1,133,550	$	4.00		1,006,050	$	3.80
Stock options granted		775,000		-		127,500		5.00
Stock options expired		-		-		-		-
Stock options cancelled, forfeited		30,250		-		-		-
Stock options exercised		66,750		-		-		-
Balance, end of year		1,811,550		4.32		1,133,550		4.00
Exercisable stock options		999,988	$	4.05		952,425	$	3.94

Schedule of Outstanding Stock Options

Outstanding stock options as of December 31, 2020, are as follows:

		Weighted
		Average				Weighted
Range of		residual life				Average				Weighted
Exercise		span		Outstanding		Exercise		Exercisable		Average
Prices		(in years)		Stock Options		Price		Stock Options		Exercise Price
	1.70		1.13		114,050	$	1.70		114,050	$	1.70
	2.20		0.59		175,000		2.20		175,000		2.20
	2.40		2.18		272,000		2.40		272,000		2.40
	4.20		4.30		10,000		4.20		5,000		4.20
	4.40		8.39		454,250		4.40		88,000		4.40
	4.84		9.75		380,000		4.84		-		4.84
	5.00		2.52		147,500		5.00		87,188		5.00
	5.40		2.92		133,750		5.40		133,750		5.40
	10.00		3.89		125,000		10.00		125,000		10.00
	1.7 to 10		5.32		1,811,550	$	4.05		999,988	$	5.32

Schedule of Stock Options, Expiry Date and Exercise Prices

Stock options outstanding at the end of the year have the following expiry date and exercise prices:

	Exercise
Expiry Date	Prices		31-Dec-20		31-Dec-19
August 02, 2021	$	2.20		175,000		175,000
February 17, 2022		1.50		38,017		38,017
February 17, 2022		1.80		76,033		76,033
February 28, 2023		5.00		20,000		-
March 05, 2023		2.40		272,000		340,000
July 31, 2023		5.00		127,500		127,500
October 31, 2023		4.40		89,250		108,250
November 30, 2023		5.40		133,750		143,750
November 20, 2024		10.00		125,000		125,000
April 20, 2025		4.20		10,000		-
September 30, 2030		4.40		365,000		-
September 30, 2030		4.84		380,000		-
	$	4.26		1,811,550		1,133,550

Summary of Stock Compensation Expense

We recorded stock compensation expense relating to the vesting of stock options and warrants as follows for the years ended December 31, 2020 and 2019;

	2020		2019
In thousands
Stock compensation	$	-	$	388
Stock Option vesting		709		879
Total	$	709	$	1,267