Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Details Textual)

v3.21.2
Share-based Compensation (Details Textual)
1 Months Ended 3 Months Ended 6 Months Ended
Dec. 09, 2020
$ / shares
shares
Nov. 11, 2020
$ / shares
shares
Sep. 23, 2020
Consultants
$ / shares
Aug. 27, 2020
shares
May 15, 2020
shares
Apr. 14, 2020
Jun. 05, 2019
$ / shares
shares
Jan. 15, 2019
Sep. 23, 2020
Consultants
shares
May 31, 2020
$ / shares
shares
Apr. 30, 2020
shares
Mar. 22, 2019
Consultants
$ / shares
shares
Feb. 26, 2019
Employee
Oct. 26, 2016
shares
Jun. 30, 2021
USD ($)
$ / shares
shares
Jun. 30, 2020
USD ($)
Mar. 31, 2020
USD ($)
Jun. 30, 2021
USD ($)
$ / shares
shares
Jun. 30, 2020
USD ($)
Stock Options and Grants (Textual)                                      
Stock-based compensation | $                             $ 246,236 $ 129,750   $ 532,422 $ 168,514
Restricted stock or options issued, shares       200,000                              
Common stock available for issuance, shares                             179,547     179,547  
Fair value of stock price | $ / shares                   $ 3.14         $ 5.50     $ 5.50  
Granted options to purchase                                    
Number of consultants | Consultants                       1              
Award granted (in shares)                                    
Description of restricted stock units granted               a total of 526 of restricted stock units were granted to two of the Company’s non-employee directors, under the Incentive Plan, at the calculated fair value of $58.80 and $55.20 per share, respectively, which represents the average closing price of the Company’s common stock for the ten trading days immediately preceding and including the grant date, as adjusted for stock splits.       Restricted stock units granted to Mr. Galvin, Mr. Armstrong, Mr. Shetty, and an aggregate of six employees and one consultant of 6,139, 772, 5,729 and an aggregate of 3,063, respectively, vest in installments over either a one-year, two-year, three-year and four-year period and will fully vest by the end of December 31, 2022. The fair value of these units upon issuance amounted to $847,957. a total of 526 of restricted stock units were granted to two of the Company’s non-employee directors, under the Incentive Plan, at the calculated fair value of $58.80 and $55.20 per share, respectively, which represents the average closing price of the Company’s common stock for the ten trading days immediately preceding and including the grant date, as adjusted for stock splits.            
Stock Issued During Period, Shares, New Issues         6,900,000         6,000,000 440,000     1,125,000          
Stock options [Member]                                      
Stock Options and Grants (Textual)                                      
Stock-based compensation | $                                   $ 2,666 5,333
Restricted Stock [Member]                                      
Stock Options and Grants (Textual)                                      
Stock-based compensation | $                                   246,236  
Recognized stock-based compensation expense | $                                 $ 127,083 $ 529,756 $ 163,181
Mr. Galvin [Member]                                      
Stock Options and Grants (Textual)                                      
Restricted stock or options issued, shares 372,000                     15,703              
Options vested, description the Company's common stock on December 9, 2020. Restricted stock units granted to Mr. Galvin will vest 1/2 on December 9, 2020 and 1/2 on the first year anniversary of the grant date. The fair value of these units upon issuance amounted to $1,220,160.                                    
Number of employees | Employee                         6            
Fair value of award (in dollars per share) | $ / shares $ 3.28                     $ 54.00              
Employees [Member]                                      
Stock Options and Grants (Textual)                                      
Description of restricted stock units granted           a total of 35,331 of restricted stock units were granted to Mr. Galvin, Mr. Armstrong, Mr. Sheeran, five employees and two consultants of the Company, under the Company's stock-based compensation plan, at the fair value of $4.76 per share, which represents the closing price of the Company's common stock on April 14, 2020. Restricted stock units granted to Mr. Galvin, Mr. Armstrong, Mr. Sheeran, and an aggregate of five employees and one consultant of 11,331, 1,000, 3,000 and an aggregate of 8,000, 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.                          
Non-Employee Director [Member]                                      
Stock Options and Grants (Textual)                                      
Restricted stock or options issued, shares   46,826         9,189                        
Options vested, description   The restricted stock units granted on November 11, 2020 will vest 1/2 on November 11, 2020 and 1/2 on the one year anniversary of the grant date, subject to each individual’s continued service as a director of the Company through such date, and are payable <span style="line-height: inherit;">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 $111,920.         <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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">the Company’s common stock for the ten trading days immediately preceding and</span><span style="color: #000000; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-size: 13.33px; float: none; line-height: inherit; display: inline !important;"><span style="line-height: inherit;"> </span></span><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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">including the grant date. Restricted stock units granted to directors on June 5, 2019 vest on the earlier of (A) the first anniversary of the date of the grant or (B) the date of the annual meeting of the Company’s stockholders that occurs in the year immediately following the date of the grant; and are payable six months after the termination of the director from the Board or death or disability.</span>                        
Fair value of award (in dollars per share) | $ / shares   $ 2.39         $ 16.40                        
Description of restricted stock units granted           a 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. 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 six 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.                          
Mr. Armstrong [Member]                                      
Stock Options and Grants (Textual)                                      
Restricted stock or options issued, shares                 425,000                    
Options vested, description     the Company's common stock on September 23, 2020. Restricted stock units granted to Mr. Armstrong, Mr. Sheeran, and an aggregate of seven employees and one consultant of 50,000, 75,000 and an aggregate of 300,000, respectively, and 1/3 will vest on September 23, 2020, 1/3 on the one year anniversary of the grant date and 1/3 on the two year anniversary of the grant date. The fair value of these units upon issuance amounted to $769,250.                                
Mr. Sheeran [Member]                                      
Stock Options and Grants (Textual)                                      
Number of consultants | Consultants     1           1                    
Fair value of award (in dollars per share) | $ / shares     $ 1.81                                
2016 Plan [Member]                                      
Stock Options and Grants (Textual)                                      
Restricted stock or options issued, shares                           25,000          
Stock-Based Option [Member]                                      
Stock Options and Grants (Textual)                                      
Stock-based compensation | $                                 $ 2,667