STOCKHOLDERS' EQUITY (Details) - USD ($)
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1 Months Ended |
3 Months Ended |
9 Months Ended |
12 Months Ended |
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Aug. 14, 2020 |
Jun. 03, 2020 |
May 06, 2020 |
Oct. 16, 2017 |
Jan. 31, 2020 |
Nov. 27, 2019 |
Oct. 30, 2019 |
Oct. 28, 2019 |
Sep. 27, 2019 |
Aug. 31, 2019 |
Aug. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2020 |
Sep. 30, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 15, 2019 |
Sep. 28, 2018 |
STOCKHOLDERS' EQUITY (Details) [Line Items] |
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Preferred stock, authorized |
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5,000,000
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5,000,000
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10,000,000
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10,000,000
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Preferred stock, par value (in Dollars per share) |
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$ 0.0001
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$ 0.0001
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$ 0.0001
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$ 0.0001
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Agreement, description |
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the Company extended the lease
agreement for an additional three years with an expiration date of December 31, 2020 (“2018 Extension”). On January
24, 2020, the Company and a third party (the “Sublessee”) entered a Sublease agreement (the “Sublease”),
wherein the Sublessee will occupy the premises for the remainder of the term of the 2018 Extension. The Sublessee will make payments
total $106,323 ($9,666 per month) for the remaining 11 months.
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Certificate of designation series A preferred stock |
5,000,000
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Percentage purchase price |
25.00%
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Effective interest rate |
25.00%
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Stockholder debt term |
1 year
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Common stock, par value (in Dollars per share) |
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$ 0.0001
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$ 0.0001
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$ 0.0001
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$ 0.0001
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Common stock, issued |
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19,796,154
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19,796,154
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19,756,154
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16,821,244
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Common stock, outstanding |
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19,796,154
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19,796,154
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19,756,154
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16,821,244
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Number of shares issued |
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6,542
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8,142,894
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Stock compensation expense (in Dollars) |
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$ 2,100,000
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Gross proceeds from initial closing (in Dollars) |
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$ 15,479
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$ 4,217,969
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Restricted stock purchase |
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1,000,000
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Common stock, authorized |
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116,666,667
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Proceeds from sale of units (in Dollars) |
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$ 1.274
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Gross proceeds from second closing (in Dollars) |
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515,000
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Gross proceeds from third closing (in Dollars) |
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634,000
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Debt principal and interest outstanding amount (in Dollars) |
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$ 11,254,236
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11,254,236
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10,000,000
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Stock compensation expense (in Dollars) |
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$ 3,047,970
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$ 912,876
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$ 938,052
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Stock Options [Member] |
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STOCKHOLDERS' EQUITY (Details) [Line Items] |
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Weighted-average contractual remaining life |
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9 years 7 months 6 days
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Two Zero One Eight Equity Incentive Plan [Member] |
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STOCKHOLDERS' EQUITY (Details) [Line Items] |
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Common stock reserved for issuance |
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3,333,334
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3,333,334
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Employee [Member] | Two Zero One Eight Equity Incentive Plan [Member] |
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STOCKHOLDERS' EQUITY (Details) [Line Items] |
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Common stock reserved for issuance to employees |
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3,333,334
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Energy Capital [Member] |
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STOCKHOLDERS' EQUITY (Details) [Line Items] |
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Agreement, description |
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On
October 1, 2018, we entered into a loan and security agreement (the “Loan and Security
Agreement”) with Energy Capital, LLC (“Energy Capital”) wherein
Energy Capital made available to us an aggregate principal amount of up to $10,000,000 (the “Loan”). Between January
29 and August 13, 2019, the Company and Energy Capital entered into a series of secured term promissory notes (the “Promissory
Notes”) for an aggregate of $10,000,000. The advance proceeds were utilized primarily
for operating capital and inventory. The principal amount outstanding under the Promissory Notes bear interest at a per
annum rate equal to the greater of (a) 11.25% or (b) 11.25% plus the Prime Rate (as published by the Wall Street Journal (National
Edition)), less 3.25%. The Promissory Notes contain customary events of default and affirmative and negative covenants for transactions
of this nature. Upon an event of default, Energy Capital has the right to require the Company to prepay the outstanding principal
amount of the Promissory Notes plus all accrued and unpaid interest. All amounts outstanding under the Promissory Notes are secured
by a lien on the Company’s assets, subject to terms of outstanding debt obligations, and become due and payable on the earlier
to occur of September 30, 2019 or the completion by the Company of a capital raise with
minimum proceeds to the Company of $20 million. On April 2, 2019, the Company and Energy Capital entered into a First Amendment
to Loan and Security Agreement (the “First Amendment”) to (i) amend the notice provisions of an Advance Request under
the Loan Agreement from at least five (5) business days to at least one (1) business day before the Advance Date, (ii) increase
the amount of the Advance from up to $1,000,000 a month to up to $1,500,000 a month, and (iii) change the definition of the term
Maturity Date from the earlier of September 30, 2019 or 10 business days following the date of an Underwritten Public Offering
to September 30, 2020. The Promissory Notes, with an aggregate of $10,563,104 principal and interest outstanding, were converted
into 4,225,242 Units (see NOTE 9 for additional details), and the debt owed under the Promissory Notes was extinguished. As a
result, the Promissory Notes terminated pursuant to their terms.
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Steward Capital Holdings LP [Member] |
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STOCKHOLDERS' EQUITY (Details) [Line Items] |
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Agreement, description |
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On October 28, 2019, Company and Steward
Capital entered into a letter of agreement (the “Second Amendment”) to amend the Agreement, as amended wherein the
parties agreed to (i) extend and amend the due date for all accrued and unpaid interest starting September 2, 2019 to the Maturity
Date (September 9, 2020) and (ii) extend and amend the due date for the 3% fee payable to Steward Capital in connection with the
amendment and waiver dated June 2019 to be payable on the Maturity Date.
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Common stock, issued |
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40,000
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40,000
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40,000
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Purchase price per share (in Dollars per share) |
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$ 9.75
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$ 9.75
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Convertible Notes Payable [Member] | Other Financing Agreements [Member] |
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STOCKHOLDERS' EQUITY (Details) [Line Items] |
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Debt principal and interest outstanding amount (in Dollars) |
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$ 3,933,767
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Number of equity instruments convertible |
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524,504
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Preferred Stock [Member] |
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STOCKHOLDERS' EQUITY (Details) [Line Items] |
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Preferred stock, authorized |
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10,000,000
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10,000,000
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Preferred stock, par value (in Dollars per share) |
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$ 0.0001
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$ 0.0001
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Preferred stock, designated |
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5,000,000
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5,000,000
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Preferred stock, not designated |
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5,000,000
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5,000,000
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Number of shares issued |
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2,217,500
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Gross proceeds from initial closing (in Dollars) |
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$ 222
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Common Stock [Member] |
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STOCKHOLDERS' EQUITY (Details) [Line Items] |
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Common stock reserved for issuance |
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116,666,667
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116,666,667
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Common stock, par value (in Dollars per share) |
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$ 0.0001
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$ 0.0001
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$ 0.0001
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Common stock, issued |
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19,796,154
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19,796,154
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Common stock, outstanding |
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19,796,154
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19,796,154
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Number of shares issued |
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Gross proceeds from initial closing (in Dollars) |
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Warrant [Member] |
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STOCKHOLDERS' EQUITY (Details) [Line Items] |
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Exercise price of warrants (in Dollars per share) |
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$ 9.45
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Weighted average vesting period |
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5 years
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Stock compensation expense (in Dollars) |
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0
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$ 83,654
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Warrants outstanding |
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1,879,785
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Weighted-average contractual remaining life |
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2 years 4 months 24 days
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Exercise prices decrease (in Dollars per share) |
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$ 0.03
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Exercise prices increase (in Dollars per share) |
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9.75
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Weighted average exercise price (in Dollars per share) |
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$ 9.15
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Number of warrants to purchase |
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1,590,535
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Weighted-average contractual remaining life |
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2 years 9 months 18 days
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Warrant [Member] | Minimum [Member] |
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STOCKHOLDERS' EQUITY (Details) [Line Items] |
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Exercise price of warrants (in Dollars per share) |
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$ 0.03
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Warrant [Member] | Maximum [Member] |
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STOCKHOLDERS' EQUITY (Details) [Line Items] |
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Exercise price of warrants (in Dollars per share) |
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$ 9.75
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Greater Than Five Percent Stockholder [Member] | Convertible Notes Payable [Member] | Energy Capital [Member] |
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STOCKHOLDERS' EQUITY (Details) [Line Items] |
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Debt principal and interest outstanding amount (in Dollars) |
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$ 10,563,104
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Stock Options [Member] |
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STOCKHOLDERS' EQUITY (Details) [Line Items] |
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Stock compensation expense (in Dollars) |
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$ 81,174
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$ 833,959
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Stock options to purchase |
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499,674
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499,674
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499,674
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Stock options exercise price (in Dollars per share) |
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$ 6.39
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Stock option exercise price, decrease (in Dollars per share) |
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$ 6.39
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Unrecognized compensation expense (in Dollars) |
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$ 301,216
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$ 301,216
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Expected weighted average vesting period |
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1 year 7 months 6 days
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Securities Purchase Agreement [Member] |
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STOCKHOLDERS' EQUITY (Details) [Line Items] |
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Agreement, description |
the
Company entered into securities purchase agreements (the “2020 Purchase Agreements”) with certain purchasers (the
“2020 Investors”), which provided for the sale of an aggregate of $4,435,000 and the exchange for debt of $265,779
of the Company’s Series A Convertible Preferred Stock (the “Series A Preferred”) at a purchase price of $2.00
per share (the “Purchase Price”) (the “Offering”). On August 14, 2020 and August 27, 2020, pursuant to
the 2020 Purchase Agreements, the Company issued an aggregate of 2,350,390 shares of Series A Preferred to the Investors (collectively
the “2020 Closing”). In connection with the 2020 Closing, Eric Brock, the Company’s Chief Executive Officer
purchased 157,500 shares of Series A Preferred. The aggregate gross proceeds to the Company from the 2020 Closing was $4,700,779.
After payment of offering expenses, the net proceeds to the Company from the 2020 Closing was $4,483,749.
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Description of liquidated damages payable |
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The amount of liquidated damages payable to an Investor is 1.0% of the aggregate amount invested by such Investor
for each 30-day period, or pro rata portion thereof, during which the default continues. To date the Company has paid $60,650
and accrued $19,053 in liquidated damages.
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Securities Purchase Agreement [Member] | Investor [Member] |
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STOCKHOLDERS' EQUITY (Details) [Line Items] |
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Number of shares issued |
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808,731
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Gross proceeds from initial closing (in Dollars) |
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|
$ 6,065,000
|
|
|
|
|
|
|
|
|
|
Gross proceeds from second closing (in Dollars) |
|
|
|
|
|
|
$ 68,671
|
|
|
|
|
|
|
|
|
|
|
|
Net proceeds from second closing (in Dollars) |
|
|
|
|
|
|
$ 515,000
|
|
|
|
|
|
|
|
|
|
|
|
Gross proceeds from third closing (in Dollars) |
|
|
|
|
|
$ 84,540
|
|
|
|
|
|
|
|
|
|
|
|
|
Net proceeds from third closing (in Dollars) |
|
|
|
|
|
$ 634,000
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities Purchase Agreement [Member] | Placement Agent [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS' EQUITY (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise price of warrants (in Dollars per share) |
|
|
|
|
|
|
|
|
$ 9.75
|
|
|
|
|
|
|
|
|
|
Aggregate cash fee (in Dollars per share) |
|
|
|
|
|
|
|
|
$ 721,400
|
|
|
|
|
|
|
|
|
|
Gross proceeds |
|
|
|
|
|
|
|
|
10.00%
|
|
|
|
|
|
|
|
|
|
Reimbursement of transaction expenses (in Dollars) |
|
|
|
|
|
|
|
|
$ 40,000
|
|
|
|
|
|
|
|
|
|
Number of warrants to purchase |
|
|
|
|
|
|
|
|
96,187
|
|
|
|
|
|
|
|
|
|
Securities Purchase Agreement [Member] | Warrant [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS' EQUITY (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise price of warrants (in Dollars per share) |
|
|
|
|
|
$ 1.02
|
$ 1.05
|
|
|
|
|
|
|
|
|
|
|
|
Number of warrants to purchase |
|
|
|
|
|
50,726
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average contractual remaining life |
|
|
|
|
|
3 years
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities Purchase Agreement [Member] | Warrant [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS' EQUITY (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of warrants to purchase |
|
|
|
|
|
|
41,206
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average contractual remaining life |
|
|
|
|
|
|
3 years
|
|
|
|
|
|
|
|
|
|
|
|
Securities Purchase Agreement [Member] | Warrant [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS' EQUITY (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise price of warrants (in Dollars per share) |
|
|
|
|
|
|
|
|
$ 0.99
|
|
|
|
|
|
|
|
|
|
Number of warrants to purchase |
|
|
|
|
|
|
|
|
1,451,710
|
|
|
|
|
|
|
|
|
|
Weighted-average contractual remaining life |
|
|
|
|
|
|
|
|
3 years
|
|
|
|
|
|
|
|
|
|
Securities Purchase Agreement [Member] | Warrant [Member] | Individual Lender [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS' EQUITY (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise price of warrants (in Dollars per share) |
|
|
|
|
|
|
|
|
$ 7.47
|
|
|
|
|
|
|
|
|
|
Number of warrants to purchase |
|
|
|
|
|
|
|
|
46,893
|
|
|
|
|
|
|
|
|
|
Loan And Security Agreement Member | Convertible Notes Payable [Member] | Energy Capital [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS' EQUITY (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of equity instruments convertible |
|
|
|
|
|
|
|
|
1,408,414
|
|
|
|
|
|
|
|
|
|
Issue price One [Member] | Warrant [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS' EQUITY (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrants to purchase shares |
|
|
47,917
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise price of warrants (in Dollars per share) |
|
|
$ 7.50
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issue Price Two [Member] | Warrant [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS' EQUITY (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrants to purchase shares |
|
|
9,793
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise price of warrants (in Dollars per share) |
|
|
$ 6.39
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issue Price Three [Member] | Stock Options [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS' EQUITY (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued |
|
|
231,543
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issue Price Three [Member] | Warrant [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS' EQUITY (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrants to purchase shares |
|
|
231,543
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise price of warrants (in Dollars per share) |
|
|
$ 7.5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Restricted Stock Units (RSUs) [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS' EQUITY (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average vesting period |
|
|
|
|
|
|
|
|
|
|
|
|
2 years
|
|
|
|
|
|
Stock compensation expense (in Dollars) |
|
|
|
|
|
|
|
|
|
|
|
1,050,000
|
|
|
|
|
|
|
Unrecognized compensation expense (in Dollars) |
|
|
|
|
|
|
|
|
|
|
|
$ 6,300,000
|
$ 6,300,000
|
|
|
|
|
|
Restricted stock purchase |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
126,160
|
|
|
Shares options issued non-vested |
|
|
|
|
|
|
|
|
|
|
|
750,000
|
750,000
|
|
|
|
|
|
Weighted average grant-date fair value of exercise price (in Dollars per share) |
|
|
|
|
|
|
|
|
|
|
|
|
$ 8.40
|
|
|
|
|
|
Weighted-average contractual remaining life |
|
|
|
|
|
|
|
|
|
|
|
|
1 year 6 months
|
|
|
|
|
|
Weighted average grant-date fair value (in Dollars per share) |
|
|
|
|
|
|
|
|
|
|
|
|
$ 0.66
|
|
|
|
|
|
Vesting period |
|
|
|
|
|
|
|
|
|
|
|
|
2 years
|
|
|
|
|
|
Incentive stock options with deferred distribution (in Dollars) |
|
|
|
|
|
|
|
|
|
$ 225,001
|
|
|
|
|
|
|
|
|
Stock compensation expense (in Dollars) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 435,312
|
|
|
|
Restricted Stock Units (RSUs) [Member] | Two Zero One Eight Equity Incentive Plan [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS' EQUITY (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average vesting period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2 years
|
|
|
|
Weighted average grant-date fair value (in Dollars per share) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0.75
|
|
|
|
Non-vested restricted units awarded | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
143,804
|
|
|
|
Unrecognized compensation expense (in Dollars) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 42,759
|
|
|
|
Weighted average period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9 months
|
|
|
|
Restricted Stock Units (RSUs) [Member] | Employee [Member] | Two Zero One Eight Equity Incentive Plan [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS' EQUITY (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock compensation expense (in Dollars) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 71,789
|
|
|
|
Restricted Stock Units (RSUs) [Member] | Consultant [Member] | Two Zero One Eight Equity Incentive Plan [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS' EQUITY (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock awards |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
136,160
|
126,160
|
|
|
Restricted Stock Units (RSUs) [Member] | Consultant [Member] | Individual Lender [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS' EQUITY (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock compensation expense (in Dollars) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 50,599
|
|
|
|
Over-Allotment Option [Member] | Securities Purchase Agreement [Member] | Investor [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS' EQUITY (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued |
|
|
|
|
|
|
|
|
133,334
|
|
|
|
|
|
|
|
|
|
Gross proceeds from initial closing (in Dollars) |
|
|
|
|
|
|
|
|
$ 1,000,000
|
|
|
|
|
|
|
|
|
|
Proceeds from sale of units (in Dollars) |
|
|
|
|
|
|
|
|
12,500,000
|
|
|
|
|
|
|
|
|
|
Proceeds from sale of additional units (in Dollars) |
|
|
|
|
|
|
|
|
$ 2,500,000
|
|
|
|
|
|
|
|
|
|
Purchase price per share (in Dollars per share) |
|
|
|
|
|
|
|
|
$ 7.50
|
|
|
|
|
|
|
|
|
|
Description of transaction |
|
|
|
|
|
|
|
|
Each Unit consists of one-third of a share of Common Stock and one-sixth of one warrant to purchase one share of Common Stock
at an exercise price of $9.75 per share for a period commencing six months and ending 36 months after the closing date (the “Investor
Warrants”).
|
|
|
|
|
|
|
|
|
|
Consultant [Member] | Restricted Stock Units (RSUs) [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS' EQUITY (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock compensation expense (in Dollars) |
|
|
|
|
|
|
|
|
|
|
|
$ 10,117
|
$ 30,357
|
|
|
|
|
|