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STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION (Tables) | 3 Months Ended
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Mar. 31, 2025
Equity [Abstract] |
SCHEDULE OF STOCK OPTION PLAN ACTIVITY | A summary of stock option activity under the Plans for the three months ended March 31, 2025 is as follows: SCHEDULE OF STOCK OPTION PLAN ACTIVITY
|  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life |  |  | Aggregate Intrinsic Value |
Options outstanding – January 1, 2025 |  |  | 2,469,099 |  |  | $ | 6.49 |  |  |  |  |  |  |  |  |
Options granted |  |  | 30,000 |  |  | $ | 35.96 |  |  |  |  |  |  |  |  |
Options exercised |  |  | (2,743 | ) |  | $ | 8.44 |  |  |  |  |  |  |  |  |
Options cancelled/forfeited |  |  | (32,205 | ) |  | $ | 11.19 |  |  |  |  |  |  |  |  |
Options outstanding – March 31, 2025 |  |  | 2,464,151 |  |  | $ | 6.78 |  |  |  | 2.97 |  |  | $ | 49,489,000 |
Options exercisable |  |  | 2,243,882 |  |  | $ | 5.56 |  |  |  | 2.41 |  |  | $ | 47,202,000 |
Options vested and expected to vest |  |  | 2,436,256 |  |  | $ | 6.61 |  |  |  | 2.90 |  |  | $ | 49,250,000 |
SCHEDULE OF FAIR VALUE ASSUMPTIONS | The table below illustrates the fair value per share determined using the Black-Scholes-Merton option pricing model with the following assumptions used for valuing options granted to employees: SCHEDULE OF FAIR VALUE ASSUMPTIONS
|  | 2025 |
Weighted-average fair value of options granted |  | $ | 24.13 |
Expected terms (in years) |  |  | 6.11 |
Expected volatility |  |  | 71.19 | %
Risk-free interest rate |  |  | 4.53 | %
Dividend yield |  |  | - |
SCHEDULE OF STOCK OPTION OUTSTANDING AND EXERCISABLE | The following table summarizes information about stock options outstanding and exercisable at March 31, 2025: SCHEDULE OF STOCK OPTION OUTSTANDING AND EXERCISABLE
|  | Options Outstanding |  |  | Options Exercisable |
Range of Exercise Prices |  | Number Outstanding |  |  | Weighted Average Remaining Contractual Life in Years |  |  | Weighted Average Exercise Price |  |  | Number Exercisable |  |  | Weighted Average Exercise Price |
$1.47 - $1.70 |  |  | 31,942 |  |  |  | 2.46 |  |  | $ | 1.68 |  |  |  | 31,942 |  |  | $ | 1.68 |
$1.73 |  |  | 250,000 |  |  |  | 2.76 |  |  | $ | 1.73 |  |  |  | 250,000 |  |  | $ | 1.73 |
$2.23 |  |  | 270,000 |  |  |  | 1.84 |  |  | $ | 2.23 |  |  |  | 270,000 |  |  | $ | 2.23 |
$2.40 - $2.60 |  |  | 14,068 |  |  |  | 1.83 |  |  | $ | 2.57 |  |  |  | 14,068 |  |  | $ | 2.57 |
$3.95 |  |  | 308,500 |  |  |  | 1.00 |  |  | $ | 3.95 |  |  |  | 308,500 |  |  | $ | 3.95 |
$4.49 - $5.72 |  |  | 92,300 |  |  |  | 4.36 |  |  | $ | 5.53 |  |  |  | 92,300 |  |  | $ | 5.53 |
$6.30 |  |  | 285,000 |  |  |  | 3.89 |  |  | $ | 6.30 |  |  |  | 285,000 |  |  | $ | 6.30 |
$6.75 - $7.26 |  |  | 43,349 |  |  |  | 7.27 |  |  | $ | 6.84 |  |  |  | 24,139 |  |  | $ | 6.81 |
$7.30 |  |  | 274,500 |  |  |  | 4.76 |  |  | $ | 7.50 |  |  |  | 274,500 |  |  | $ | 7.30 |
$7.60 - $45.64 |  |  | 894,492 |  |  |  | 2.88 |  |  | $ | 10.92 |  |  |  | 693,433 |  |  | $ | 8.17 |
$1.47 - $45.64 |  |  | 2,464,151 |  |  |  | 2.97 |  |  | $ | 6.78 |  |  |  | 2,243,882 |  |  | $ | 5.56 |
SCHEDULE OF RESTRICTED STOCK UNITS ACTIVITY | A summary of the Company’s RSU activity and related information for the three months ended March 31, 2025 is as follows: SCHEDULE OF RESTRICTED STOCK UNITS ACTIVITY
|  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |
RSUs unvested - January 1, 2025 |  |  | 353,112 |  |  | $ | 22.55 |
RSUs granted |  |  | - |  |  |  | - |
RSUs vested |  |  | (17,410 | ) |  |  | 17.85 |
RSUs cancelled/forfeited |  |  | (20,000 | ) |  |  | 17.97 |
RSUs unvested - March 31, 2025 |  |  | 315,702 |  |  | $ | 23.10 |
SCHEDULE OF PERFORMANCE STOCK UNITS ACTIVITY | A summary of the Company’s PSU activity and related information for the three months ended March 31, 2025 is as follows: SCHEDULE OF PERFORMANCE STOCK UNITS ACTIVITY
|  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |
PSUs unvested – January 1, 2025 |  |  | 1,567,913 |  |  | $ | 18.56 |
PSUs granted |  |  | - |  |  |  |  |
PSUs vested |  |  | - |  |  |  |  |
PSUs cancelled/forfeited |  |  | - |  |  |  |  |
PSUs unvested – March 31, 2025 |  |  | 1,567,913 |  |  | $ | 18.56 |
SCHEDULE OF STOCK BASED COMPENSATION GRANTED TO EMPLOYEES, DIRECTORS AND CONSULTANTS | The Company recorded stock-based compensation related to equity instruments granted to employees, directors and consultants as follows: SCHEDULE OF STOCK BASED COMPENSATION GRANTED TO EMPLOYEES, DIRECTORS AND CONSULTANTS
|  | 2025 |  |  | 2024 |
|  | For the Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
Employees - selling, general and administrative |  | $ | 3,794,000 |  |  | $ | 3,525,000 |
Employees – research and development |  |  | 422,000 |  |  |  | 439,000 |
Directors - selling, general and administrative |  |  | 226,000 |  |  |  | 188,000 |
Consultants - selling, general and administrative |  |  | 114,000 |  |  |  | 17,000 |
Total |  | $ | 4,556,000 |  |  | $ | 4,169,000 |

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