Stock Based Compensation (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | 9 Months Ended | ||||
---|---|---|---|---|---|---|---|
Jul. 08, 2020 |
Jun. 15, 2020 |
Sep. 30, 2020 |
Mar. 31, 2020 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
|
Stock based compensation | $ 369,427 | $ 0 | $ 619,176 | $ 1,762,736 | |||
Stock Issued During Period, Value | $ 200,000 | ||||||
January 1, 2020 [Member] | |||||||
Common stock, shares granted | 1,000,000 | ||||||
Stock Issued During Period, Value | $ 200,000 | ||||||
Intrinsic Value[Member] | |||||||
Closing stock price | $ 0.35 | $ 0.35 | |||||
Nonqualified Stock Options[Member] | |||||||
Exercise price | $ 0.19 | ||||||
Common stock, shares granted | 250,000 | ||||||
Stock Issued During Period, Value | $ 37,882 | ||||||
Debt conversion description | The options granted are exercisable at $0.19 per share, representing the fair market value of the common stock on the date of grant as determined under the 2017 Plan. Fifty percent of the options are fully vested and exercisable as of the date of grant and fifty percent of the options vest on April 1, 2021. | ||||||
Board of Directors [Member] | |||||||
Exercise price | $ 0.19 | ||||||
General and administrative expenses | $ 246,965 | ||||||
Vested and exercisable expire | 5 years | ||||||
Stock options descripton | The Company approved an amendment to the 2017 Plan to increase the maximum number of shares of common stock that may be issued under the 2017 Plan from 8,000,0000 to 12,000,000 shares. On the same date, the Company granted nonqualified stock options to the following executive officers to each acquire 500,000 shares of the Company’s common stock: Richard MacPherson (President and Chief Executive Officer), John Pavlish (Senior Vice President and Chief Technology Officer) and James Trettel (Vice President of Operations); and, also granted nonqualified stock options to the following persons to each acquire 250,000 shares of the Company’s common stock: Christopher Greenberg (Chairman of the Board) and David M. Kaye (director). |