Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (Details)

v3.20.2
STOCKHOLDERS' EQUITY (Details) - USD ($)
6 Months Ended
Jun. 17, 2020
Mar. 17, 2020
Mar. 04, 2020
Jun. 12, 2019
Apr. 22, 2019
Mar. 14, 2019
Jun. 30, 2020
Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Treasury stock (in shares)             3,412,378  
Treasury stock, at cost             $ 5,353,019 $ 5,353,019
Compensation expense             $ 365,717  
Compensation expense recognition period             2 years 3 days  
Number of shares approved (in shares)   115,200            
Strike price (in dollars per share)   $ 0.81            
Tranche One                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Award vesting percentage   33.33%            
Tranche Two                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Award vesting percentage   33.33%            
Tranche Three                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Award vesting percentage   33.33%            
Restricted Stock Units                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Units outstanding (in shares)             279,447  
Number of shares granted (shares) 270,966              
Unrecognized compensation cost $ 252,000              
Award vesting percentage 50.00%              
Performance Shares                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Units outstanding (in shares)             252,701  
Employee Stock Option                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Stock options outstanding (in shares)             115,200  
Compensation expense   $ 40,280            
Award vesting period   3 years            
Expiration period   4 years            
2019 EIP                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Performance goal weight         25.00%      
2019 LTIP | Tranche One                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Percentage of award covered by metric         33.00%      
2019 LTIP | Tranche Two                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Percentage of award covered by metric         67.00%      
2019 LTIP | Restricted Stock Units                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Number of shares granted (shares)       183,942   85,000    
Award vesting period           5 years    
Unrecognized compensation cost       $ 252,000   $ 149,600    
Award vesting percentage       50.00%        
Executive Officer | 2019 EIP                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
One-time executive bonus     $ 828,787          
Executive Officer | 2014 EIP                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
One-time executive bonus (in shares)     343,748          
Executive Officer | 2017 LTIP                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
One-time executive bonus (in shares)     16,689          
Chief Financial Officer | 2019 LTIP | Restricted Stock Units                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Number of shares granted (shares)         66,213      
Chief Business Development Officer | 2019 LTIP | Restricted Stock Units                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Number of shares granted (shares)         51,646      
Vice President of Operations | 2019 LTIP | Restricted Stock Units                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Number of shares granted (shares)         35,313      
Vice President of Product Development | 2019 LTIP | Restricted Stock Units                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Number of shares granted (shares)         24,862