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STOCK-BASED COMPENSATION (Tables) | 3 Months Ended
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Mar. 31, 2023
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 three-month period ended March 31, 2023: SCHEDULE OF STOCK OPTIONS ACTIVITY
|  | Options |  |  | Weighted- Average Exercise Price |  |  | Weighted- Average Remaining Contractual Terms |  |  | Aggregate Intrinsic Value |
Outstanding at beginning of year |  |  | 5,065 |  |  | $ | 14.14 |  |  |  |  |  |  |  |  |
Granted |  |  | 275 |  |  |  | 3.00 |  |  |  |  |  |  |  |  |
Exercised |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Forfeited or expired |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Outstanding at end of period |  |  | 5,340 |  |  | $ | 13.56 |  |  |  | 8.1 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 three-month period ended March 31, 2023:
|  | Options |  |  | Weighted- Average Exercise Price |  |  | Weighted- Average Remaining Contractual Terms |  |  | Aggregate Intrinsic Value |
Outstanding at beginning of year |  |  | 2,727 |  |  | $ | 5.29 |  |  |  |  |  |  |  |  |
Granted |  |  | 130 |  |  |  | 3.00 |  |  |  |  |  |  |  |  |
Exercised |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Forfeited or expired |  |  | (393 | ) |  |  | 6.05 |  |  |  |  |  |  |  |  |
Outstanding at end of period |  |  | 2,464 |  |  | $ | 5.04 |  |  |  | 5.7 years |  |  | $ | 6 |
Exercisable at end of period |  |  | 1,482 |  |  | $ | 5.55 |  |  |  | 4.4 years |  |  | $ | 6 |
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: SCHEDULE OF FAIR VALUE STOCK OPTION ASSUMPTIONS
|  | 2022 |  |  | 2023 |
|  | March 31, |
|  | 2022 |  |  | 2023 |
Expected volatility |  |  | 49.4 | % |  |  | 54.8 | %
Expected life of options (in years) |  |  | 7 |  |  |  | 6.25 |
Risk free interest rate |  |  | 1.73 | % |  |  | 3.81 | %
Dividend yield |  |  | 0 | % |  |  | 0 | %
Weighted-average fair value of options granted during year |  | $ | 2.04 |  |  | $ | 1.40 |
Restricted Stock [Member] |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY | SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY
|  | Number of Non- Vested Shares |  |  | Weighted- Average Grant Date Fair Value |
Restricted stock, non-vested, beginning of year |  |  | 706 |  |  | $ | 4.75 |
Granted |  |  | 75 |  |  |  | 2.62 |
Vested |  |  | (149 | ) |  |  | 5.11 |
Forfeited |  |  | (59 | ) |  |  | 7.28 |
Restricted stock, non-vested, end of period |  |  | 573 |  |  | $ | 4.12 |

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Line items represent financial concepts included in a table. 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