Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Details Textual)

v3.21.1
Share-based Compensation (Details Textual)
1 Months Ended 3 Months Ended
Sep. 23, 2020
Consultants
$ / shares
Aug. 27, 2020
shares
May 15, 2020
shares
Apr. 14, 2020
Jan. 15, 2019
Sep. 23, 2020
Consultants
shares
May 31, 2020
$ / shares
shares
Apr. 30, 2020
shares
Mar. 22, 2019
Consultants
$ / shares
Feb. 26, 2019
Employee
Oct. 26, 2016
shares
Mar. 31, 2021
USD ($)
shares
Mar. 31, 2020
USD ($)
Stock Options and Grants (Textual)                          
Stock-based compensation | $                       $ 286,186 $ 38,764
Restricted stock or options issued, shares   200,000                      
Fair value of stock price | $ / shares             $ 3.14            
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    
Restricted Stock [Member]                          
Stock Options and Grants (Textual)                          
Recognized stock-based compensation expense | $                       $ 283,520 36,097
Mr. Galvin [Member]                          
Stock Options and Grants (Textual)                          
Number of employees | Employee                   6      
Fair value of award (in dollars per share) | $ / shares                 $ 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)                          
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 | $                       $ 2,666 $ 2,667