Significant Accounting Policies (Tables)
|
6 Months Ended |
Jun. 30, 2020 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of Marketable Securities |
| |
|
Quoted Prices in Active
Markets for Identical Assets
or Liabilities
(Level 1) |
|
|
Quoted Prices for
Similar Assets or
Liabilities in Active
Markets
(Level 2) |
|
|
Significant
Unobservable
Inputs
(Level 3) |
|
| Fixed Income Bonds at June 30, 2020 |
|
$ |
6,856,805 |
|
|
$ |
- |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Fixed Income Bonds at December 31, 2019 |
|
$ |
9,164,273 |
|
|
$ |
- |
|
|
$ |
- |
|
|
| Schedule of Operating Lease |
Condensed Consolidated Balance Sheet information
related to its lease is presented below:
| Balance Sheet Location |
|
June 30, 2020 |
|
|
January 1, 2020 |
|
|
December 31, 2019 |
|
| |
|
|
|
|
|
|
|
|
|
| Operating Lease |
|
|
|
|
|
|
|
|
|
|
|
|
| Right-of-use asset |
|
$ |
79,942 |
|
|
$ |
306,706 |
|
|
$ |
- |
|
| Liability, current |
|
|
80,018 |
|
|
|
143,018 |
|
|
|
- |
|
| Liability, net of current |
|
|
- |
|
|
|
163,688 |
|
|
|
- |
|
|
| Schedule of Lease Expense |
The following provides details of the Company’s
lease expense, including CAM charges:
| |
|
Three months ended
June 30, 2020 |
|
|
Six months ended
June 30, 2020 |
|
| |
|
|
|
|
|
|
| Lease cost |
|
|
|
|
|
|
|
|
| Operating lease |
|
$ |
40,132 |
|
|
$ |
83,076 |
|
|
| Schedule of Other Information Related to Leases |
Other information related to leases is presented
below:
| Other information |
|
As of June 30,
2020 |
|
| |
|
|
|
| Operating cash used by operating leases |
|
$ |
83,000 |
|
| Weighted-average remaining lease term – operating leases (in months) |
|
|
6 |
|
| Weighted-average discount rate – operating leases |
|
|
10.00 |
% |
|
| Schedule of Operating Lease Liabilities |
As of June 30, 2020, the annual minimum lease
payments of the Company’s operating lease liabilities were as follows:
| For Years Ending December 31, |
|
Operating leases |
|
| |
|
|
|
| 2020 (excluding the six months ended June 30, 2020) |
|
$ |
82,368 |
|
| Total future minimum lease payments, undiscounted |
|
$ |
82,368 |
|
| Less: Imputed interest |
|
|
(2,350 |
) |
| Present value of future minimum lease payments |
|
$ |
80,018 |
|
|
| Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share |
The following securities are excluded from
the calculation of weighted average dilutive common shares because their inclusion would have been anti-dilutive:
| |
|
For the Three and Six Months Ended
June 30, |
|
| |
|
2020 |
|
|
2019 |
|
| Stock Options |
|
|
40 |
|
|
|
291 |
|
| RSUs |
|
|
15,603 |
|
|
|
15,603 |
|
| Warrants to purchase common stock |
|
|
417,896 |
|
|
|
88,015 |
|
| Series D Preferred Convertible Stock |
|
|
208,577 |
|
|
|
- |
|
| Warrants to purchase Series C Preferred stock |
|
|
946,500 |
|
|
|
- |
|
| Total potentially dilutive shares |
|
|
1,588,616 |
|
|
|
103,909 |
|
|