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STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
SCHEDULE OF STOCK OPTIONS ACTIVITY

The following table summarizes the activity relating to the Company’s market-based stock options that were granted to certain executives for the nine-month period ended September 30, 2022:

 

   Options   Weighted-
Average
Exercise Price		   Weighted-
Average
Remaining
Contractual
Terms		   Aggregate
Intrinsic Value		 
                 
Outstanding at beginning of year   -   $-           
Granted   5,065    14.14           
Exercised   -    -           
Forfeited or expired   -    -           
                     
Outstanding at end of period   5,065   $14.14    9.3 years   $- 
                     
Exercisable at end of period   -   $-    -   $- 

 

The following table summarizes the activity relating to the Company’s stock options, excluding the market-based stock options that were granted to certain executives, for the nine-month period ended September 30, 2022:

 

   Options   Weighted-
Average
Exercise Price		   Weighted-
Average
Remaining
Contractual
Terms		   Aggregate
Intrinsic Value		 
                 
Outstanding at beginning of year   3,470   $5.91           
Granted   895    4.08           
Exercised   -    -           
Forfeited or expired   (1,578)   5.95           
                     
Outstanding at end of period   2,787   $5.30    7.3 years   $2 
                     
Exercisable at end of period   1,124   $5.80    5.8 years   $2 
SCHEDULE OF FAIR VALUE STOCK OPTION ASSUMPTIONS

The fair value of each option grant on the date of grant is estimated using the Black-Scholes option-pricing model reflecting the following weighted-average assumptions:

   2021   2022 
   September 30, 
   2021   2022 
         
Expected volatility   50.2%   49.4%
Expected life of options (in years)   7    7 
Risk free interest rate   0.69%   1.73%
Dividend yield   0%   0%
Weighted-average fair value of options granted during year  $3.81   $2.04 
SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY

The Company grants restricted stock to employees, whereby the employees are contractually restricted from transferring the shares until they are vested. The stock is unvested at the time of grant and, upon vesting, there are no legal restrictions on the stock. The fair value of each share is based on the Company’s closing stock price on the date of the grant. A summary of all non-vested restricted stock for the nine-month period ended September 30, 2022 is as follows:

 

   Number of Non-
Vested Shares		   Weighted-
Average Grant
Date Fair Value		 
         
Restricted stock, non-vested, beginning of year   629   $7.06 
Granted   476    3.74 
Vested   (183)   7.26 
Forfeited   (185)   7.08 
           
Restricted stock, non-vested, end of period   737   $4.86 
Restricted Stock Units (RSUs) [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY

The Company also has granted restricted stock units (RSUs) to employees. The following table summarizes the activity relating to the Company’s restricted stock units for the three-month period ended September 30, 2022:

 

   Number of
Restricted Stock
Units		   Weighted-
Average Grant
Date Fair Value		 
         
Restricted stock units, non-vested, beginning of year   36   $5.60 
Granted   -    - 
Vested   (31)   5.60 
Forfeited   -    - 
           
Restricted stock units, non-vested, end of period   5   $5.60