Annual report pursuant to Section 13 and 15(d)

STOCK OPTIONS AND WARRANTS (Details 1)

v3.20.1
STOCK OPTIONS AND WARRANTS (Details 1) - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Number of Shares    
Outstanding, Beginning 791,850 478,850
Grants 53,280 315,000
Exercised
Expired (1,500) (2,000)
Forfeited (20,833)
Outstanding, Ending 822,797 791,850
Exercisable at End of Year 814,607  
Weighted Average Exercise Price    
Outstanding, Beginning $ 8.09 $ 4.00
Grants 6.52 14.00
Exercised
Expired 20.00 10.00
Forfeited 5.75
Outstanding, Ending 8.03
Exercisable at End of Year $ 8.04 $ 8.09
Weighted Average Remaining Contractual Term    
Outstanding, Beginning 7 years 8 months 12 days 8 years 10 months 24 days
Grants 2 years 6 months 5 years
Outstanding at End of Year 6 years 6 months 7 years 8 months 12 days
Exercisable at End of Year 6 years 7 months 6 days  
Aggregate Intrinsic Value    
Outstanding, Beginning $ 1,188,065 $ 326,700
Grants
Expired
Outstanding at End of Year 244,603 $ 1,188,065
Exercisable at End of Year $ 244,603