Restricted Stock Awards (Details Narrative) - USD ($) |
9 Months Ended | |
|---|---|---|
Apr. 10, 2020 |
Sep. 30, 2020 |
|
| Number of shares granted of restricted stock awards | 2,871,471 | |
| Fair value of restricted stock award vested | $ 2,696,000 | |
| Unvested compensation related to issuances of restricted stock award | $ 3,544,000 | |
| Restricted Stock [Member] | ||
| Number of shares granted of restricted stock awards | 2,871,471 | |
| Fair value of granted restricted stock | $ 3,379,000 | |
| Number of share vested and returned | 336,533 | |
| Payment of income and payroll taxes | $ 485,000 | |
| Cash Preservation Plan [Member] | ||
| Number of shares granted of restricted stock awards | 589,098 | |
| Fair value of granted restricted stock | $ 866,000 | |
| Debt description | On April 10, 2020, the board of directors of the Company, approved management's COVID-19 Full Employment and Cash Preservation Plan (the "Plan"), pursuant to which all directors and senior level management would reduce their cash compensation by 25%, and all other employees and consultants would reduce their cash compensation by 20% (the "Cash Reduction Amount") for a period of three months from April 16, 2020 through July 15, 2020 for one category of plan participants, and April 26, 2020 through July 18, 2020 for the other category of participants. The Plan was designed to promote the continued growth of the Company and avoid the lay-offs and staff cut-backs experienced by many companies affected by the COVID-19 economic crisis. The Cash Reduction Amount is to be paid in shares of the Company's common stock (the "Shares") through an allocation of shares from the Company's 2019 Omnibus Incentive Plan (the "Omnibus Incentive Plan") and granted pursuant to stock award agreements entered into effective as of April 10, 2020 (the "Grant "between the Company and each of the Company's directors, executive officers, employees, and consultants. The stock award agreements provide that the Shares will vest on July 18, 2020 (the "Vesting Date") as long as the recipient remains in continuous service to the Company during the time from the Grant Date through the Vesting Date. The number of Shares issued were determined in accordance with the provisions of the Omnibus Incentive Plan, which provides that the value shall be determined based on the volume weighted average price of the Company's common stock during a period of up to the 30-trading days prior to the Grant Date. Total Common Stock granted as part of the Cash Preservation Plan on April 10, 2020 was 589,098 with a fair value of $866,000. The shares were valued based on the market value of the Company's stock price on the grant date and will be amortized over its vesting term. |