Equity Incentive Plan (Details) - USD ($) |
3 Months Ended | |||
|---|---|---|---|---|
Jan. 02, 2021 |
Mar. 31, 2021 |
Mar. 31, 2020 |
Dec. 31, 2020 |
|
| Equity Incentive Plan (Details) [Line Items] | ||||
| Shares remained available for grant | 2,755,058 | |||
| Weighted average grant date fair value of stock option awards granted | $ 1.50 | $ 0.05 | ||
| Intrinsic value options outstanding | $ 22,457,455 | |||
| Intrinsic value options exercisable | $ 11,446,096 | |||
| weighted average requisite service period | 2 years 8 months 12 days | |||
| Stock based compensation for stock options, description | the Company granted 727,922 stock options to the Chief Executive Officer (“CEO”) under the 2020 Plan with an exercise price of $3.00 per share. The options vest based on the CEO’s continued service in addition to the following terms: ●317,688 options vest in full when the closing price of the Company’s common stock reaches or exceeds $9.00 per share for a minimum of 20 consecutive trading days. These options expire on March 3, 2031. ●46,273 options vest in full when the closing price of the Company’s common stock reaches or exceeds $9.00 per share for 20 out of 30 trading days after the Company becomes listed on the New York Stock Exchange or Nasdaq. These options expire on March 22, 2026. ●363,961 options vest in full when the closing price of the Company’s common stock reaches or exceeds $13.50 per share for 20 out of 30 trading days after the Company becomes listed on the New York Stock Exchange or Nasdaq. These options expire on March 22, 2026. | |||
| share based compensation fair value, description | The Company’s assumptions for expected volatility, closing price and risk-free rate were 50.0%, $3.00 and 0.77%, respectively. The aggregate estimated fair value of the options was $367,601. The Company recognized $5,513 in share-based expense for the three months ended March 31, 2021. As of March 31, 2021, there was $181,923 of unrecognized compensation costs which the Company plans to recognize over a weighted average period of 2.8 years. Also, as of March 31, 2021 there is an additional $180,165 | |||
| 2020 Equity incentive Plan {Member] | ||||
| Equity Incentive Plan (Details) [Line Items] | ||||
| Options contractual life | 10 years | |||
| Vesting period | four years | |||
| Number of shares equal percentage | 5.00% | |||
| Shares remained available for grant | 724,640 | |||