STOCK-BASED COMPENSATION (Details Narrative) - USD ($) |
6 Months Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2019 |
May 20, 2019 |
Apr. 23, 2019 |
Apr. 02, 2019 |
Feb. 20, 2019 |
Feb. 02, 2019 |
Jan. 02, 2019 |
Jun. 30, 2020 |
Jun. 30, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
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Number of shares authorized to employees | 60,000 | ||||||||||
Settlement Agreement [Member] | EMED Technologies Corporation [Member] | |||||||||||
Description of vesting rights | The Company issued to EMED (i) 95,238 restricted stock units, which vested on May 21, 2020 and 95,238 restricted stock units vesting on January 1, 2021, and (ii) an option to purchase up to 400,000 shares of the Company’s common stock at an exercise price of $11.21 per share prior to February 1, 2021, which can be settled in cash in lieu of common stock at the Company’s sole discretion, provided that the number of shares of common stock and/or amount of cash paid by the Company upon exercise will be capped at a value of $16.21 per share. The option was recorded at $347,008, the estimated fair value of the option using the Black-Scholes option pricing model with a volatility rate of 52.68% and a risk-free rate of 0.17%. | ||||||||||
Independent Directors [Member] | |||||||||||
Description of payment terms | Paid quarterly half in cash and half in common stock | ||||||||||
Annually compensation paid per director | $ 25,000 | $ 50,000 | |||||||||
Annually additional payment for agreement | $ 10,000 | ||||||||||
Mr. R. John Fletcher [Member] | |||||||||||
Annually compensation paid per director | $ 50,000 | ||||||||||
Chief Executive Officer, Mr. Goldberger [Member] | Employment Agreement [Member] | |||||||||||
Number of shares authorized to employees | 90,604 | ||||||||||
Description of payment terms | A performance bonus in the amount of $270,000 to be paid half in cash and half in stock. | ||||||||||
2015 Stock Option Plan [Member] | |||||||||||
Number of shares authorized to employees | 6,000,000 | ||||||||||
2015 Stock Option Plan [Member] | Time Based Shares Options [Member] | |||||||||||
Weighted average grant date fair value of stock options | $ 6.68 | $ 1.16 | |||||||||
Allocated stock-based compensation expense | $ 290,991 | $ 274,731 | |||||||||
Weighted-average grant-date fair value options granted | 400,000 | 1,500,000 | |||||||||
Total unrecognized compensation cost | $ 2,011,224 | ||||||||||
Weighted-average period (in years) | 48 months | ||||||||||
Total fair value of shares vested | $ 1,110,068 | $ 313,714 | |||||||||
Number of options outstanding | 2,785,000 | 3,654,000 | 3,647,000 | 2,419,000 | |||||||
Cash received from option exercises | $ 95,880 | $ 24,700 | |||||||||
Number of options exercised | 253,386 | 12,796 | |||||||||
2015 Stock Option Plan [Member] | Performance Based Share Options [Member] | |||||||||||
Weighted average grant date fair value of stock options | $ 0.00 | $ 1.16 | |||||||||
Allocated stock-based compensation expense | $ 373,826 | $ 41,909 | |||||||||
Weighted-average grant-date fair value options granted | 0 | 1,162,561 | |||||||||
Total unrecognized compensation cost | $ 495,372 | ||||||||||
Weighted-average period (in years) | 31 months | ||||||||||
Total fair value of shares vested | $ 0 | $ 0 | |||||||||
Number of options outstanding | 1,000,000 | 1,000,000 | 1,000,000 |