Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Details Textual)

v3.20.2
Share-based Compensation (Details Textual)
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
May 15, 2020
shares
Mar. 22, 2019
$ / shares
shares
Feb. 26, 2019
Employee
shares
Oct. 26, 2016
shares
Jun. 30, 2020
USD ($)
$ / shares
shares
Jun. 30, 2019
USD ($)
Jun. 30, 2020
USD ($)
$ / shares
shares
Jun. 30, 2019
USD ($)
Jan. 15, 2020
May 31, 2020
$ / shares
Stock Options and Grants (Textual)                    
Stock-based compensation | $         $ 129,750 $ 176,868 $ 168,514 $ 339,361    
Restricted stock or options issued, shares 526                  
Common stock available for issuance, shares         3,473   3,473      
Recognized stock-based compensation expense | $         $ 127,083 136,770 $ 163,181 267,165    
Unrecognized compensation costs | $         $ 8,000   $ 8,000      
Fair value of stock price | $ / shares                   $ 3.14
Granted options to purchase                  
Exercise price | $ / shares         $ 2.67   $ 2.67      
Description of restricted stock units granted   one <span style="font-size: 10pt;"><span style="border-right: none; border-left: none;">Restricted stock units granted to Mr. Galvin, Mr. Armstrong, Mr. Shetty, and an aggregate of <span><span style="border-left: none; border-right: none;">six</span></span> employees and <span><span style="border-left: none; border-right: none;">one</span></span> consultant of <span>6,139</span><span style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'Times New Roman'; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; float: none; display: inline !important; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">, <span>772</span></span><span style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'Times New Roman'; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; float: none; display: inline !important; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">, <span>5,729</span></span><span style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'Times New Roman'; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; float: none; display: inline !important; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> and an aggregate of <span>3,063</span></span>, respectively, vest in installments over either a <span>one</span>-year, <span>two</span>-year, <span>three</span>-year and <span>four</span>-year period and will fully vest by the end of December 31, 2022. The fair value of these units upon issuance amounted to $<span>847,957</span>.</span> </span><span style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'Times New Roman'; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; float: none; display: inline !important; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </span>       <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">a total of 35,331</span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> of restricted stock units were granted to </span><span style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'Times New Roman'; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; float: none; display: inline !important; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Mr. Galvin, Mr. Armstrong, Mr. Sheeran</span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">, five</span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> employees and two</span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> consultants of the Company, under the Company's stock-based compensation plan, at the fair value of $4.76</span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> per share, which represents the closing price of the Company's common stock on April 14, 2020. </span><span style="border-right: none; border-left: none;">Restricted stock units granted to Mr. Galvin, Mr. Armstrong, Mr. Sheeran, and an aggregate of five employees and one consultant of 11,331<span style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'Times New Roman'; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; float: none; display: inline !important; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">, 1,000</span><span style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'Times New Roman'; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; float: none; display: inline !important; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">, 3,000</span><span style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'Times New Roman'; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; float: none; display: inline !important; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> and an aggregate of 8,000</span>, respectively, will vest in full on the first anniversary of the vesting commencement date and one consultant received 12,000 restricted stock units that vested immediately on April 15, 2020. The fair value of these units upon issuance amounted to $168,176.</span>      
Description of share based compensation arranged non employee incentive plan     the Company’s non-employee directors, under the Incentive Plan, at the calculated fair value of $<span style="display: inline;"><span>58.80</span></span> and $<span style="display: inline;"><span>55.20</span></span> per share, respectively, which represents the average closing price of the Company’s common stock for the <span style="display: inline;"><span>ten</span></span> trading days immediately preceding and<span style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-style: normal; font-weight: 400; word-spacing: 0px; float: none; display: inline !important; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </span>including the grant date, as adjusted for stock splits.       <span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">a <span style="border-left: none; border-right: none;">total of 12,000 of restricted stock units were granted to three of the Company’s non-employee directors, under the Incentive Plan, at the calculated fair value of $4.76 per share, which represents the closing price of the Company’s common stock on April 14, 2020.</span> </span>The restricted stock units granted on April 14, 2020 will fully vest on April 14, 2021, subject to each individual’s continued service as a director of the Company through such date, and are payable <span>six</span> months after the termination of the director from the Company’s Board of Directors or death or disability. The fair value of these units upon issuance amounted to $57,120.   the Company’s non-employee directors, under the Incentive Plan, at the calculated fair value of $<span style="display: inline;"><span>58.80</span></span> and $<span style="display: inline;"><span>55.20</span></span> per share, respectively, which represents the average closing price of the Company’s common stock for the <span style="display: inline;"><span>ten</span></span> trading days immediately preceding and<span style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-style: normal; font-weight: 400; word-spacing: 0px; float: none; display: inline !important; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </span>including the grant date, as adjusted for stock splits.  
Restricted Stock [Member]                    
Stock Options and Grants (Textual)                    
Recognized stock-based compensation expense accrued | $             $ 0 108,629    
Mr. Galvin [Member]                    
Stock Options and Grants (Textual)                    
Restricted stock or options issued, shares   15,703 6              
Number of employees | Employee     6              
Fair value of award (in dollars per share) | $ / shares   $ 54.00                
2016 Plan [Member]                    
Stock Options and Grants (Textual)                    
Restricted stock or options issued, shares       25,000            
Common stock available for issuance, shares       125,000            
Stock-Based Option [Member]                    
Stock Options and Grants (Textual)                    
Stock-based compensation | $         $ 2,667 $ 40,098 $ 5,333 $ 72,196