General form of registration statement for all companies including face-amount certificate companies

STOCKHOLDERS' EQUITY (Tables)

v3.20.2
STOCKHOLDERS' EQUITY (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
STOCKHOLDERS' EQUITY (Tables) [Line Items]    
Schedule of net proceeds of the Offering  
Gross Proceeds:      
Initial Closing   $ 6,065,000  
Second Closing     515,000  
Third Closing     634,000  
      7,214,000  
Offering Costs:        
Placement Agent fees     (721,400 )
Other offering costs     (382,878 )
Net Proceeds   $ 6,109,722  

 
Schedule of warrants to purchase common stock  
Stock price   $

7.5

  
Risk-free interest rate     1.58-1.63 %
Volatility     38.50-39.57 %
Expected life in years     3-5  
Dividend yield     0.00 %

 
Warrants [Member]    
STOCKHOLDERS' EQUITY (Tables) [Line Items]    
Schedule of assumptions used in Black-Scholes Model
Stock price   $ 6.00  
Risk-free interest rate     0.24 %
Volatility     45.17 %
Expected life in years     3  
Dividend yield     0.00 %

 

  
Stock option [Member]    
STOCKHOLDERS' EQUITY (Tables) [Line Items]    
Schedule of assumptions used in Black-Scholes Model
Stock price   $ 6.00  
Risk-free interest rate     0.37 %
Volatility     42.03-42.19 %
Expected life in years     5.5-5.8  
Dividend yield     0.00 %