XML 48 R39.htm IDEA: XBRL DOCUMENT v3.23.3
STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 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 and employees for the nine-month period ended September 30, 2023:

 

   Options   Weighted-
Average
Exercise Price		   Weighted-
Average
Remaining
Contractual
Terms		  Aggregate
Intrinsic Value		 
Outstanding at beginning of year   5,065   $14.14     

$

- 
Granted   865    3.09     

$

- 
Exercised   -    -     

$

- 
Forfeited or expired   (450)   2.85     

$

54 
                   
Outstanding at end of period   5,480   $13.32   8.5 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 and employees, for the nine-month period ended September 30, 2023:

 

 

   Options   Weighted-
Average
Exercise Price		   Weighted-
Average
Remaining
Contractual
Terms		  Aggregate
Intrinsic Value		 
Outstanding at beginning of year   2,727   $5.29     

$

1 
Granted   470    3.09     

$

- 
Exercised   (16)   2.33     

$

9 
Forfeited or expired   (964)   5.43     

$

19 
                   
Outstanding at end of period   2,217   $4.78   7.3 years  $- 
                   
Exercisable at end of period   1,046   $5.56   5.9 years  $- 
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:

 

   2022   2023 
   September 30, 
   2022   2023 
         
Expected volatility   49.4%   55.6%
Expected life of options (in years)   7    6 
Risk free interest rate   1.73%   3.87%
Dividend yield   0%   0%
Weighted-average fair value of options granted during the year  $2.04   $1.66 
Restricted Stock [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
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   1,219    2.42 
Vested   (237)   4.18 
Forfeited   (141)   5.50 
           
Restricted stock, non-vested, end of period   1,547   $2.94