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STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 30, 2024

Equity [Abstract]

SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY

Restricted stock activity for the three month period ended March 30, 2024 was as follows:

SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY 

		Shares				Weighted Average Grant Fair Value
Balance, December 30, 2023			1,931,767			$	1.65
Granted			1,164,817				2.68
Forfeited			—				—
Vested			(20,064	)			1.91
Balance, March 30, 2024			3,076,520			$	2.04

SCHEDULE OF STOCK-BASED COMPENSATION EXPENSE

The following table summarizes stock-based compensation expense within each of the categories below as it relates to non-vested restricted common stock awards for the three months ended March 30, 2024 and April 1, 2023 (no tax benefits were recognized):

 SCHEDULE OF STOCK-BASED COMPENSATION EXPENSE 

		Three Months Ended				Three Months Ended
		March 30, 2024				April 1, 2023
Cost of product revenues		$	220,605			$	26,218
Research and development			143,823				16,874
Selling, general and administrative			370,500				151,098
Total		$	734,928			$	194,190
Stock based compensation expense		$	734,928			$	194,190

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- References

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- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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- Definition

Tabular disclosure of the changes in outstanding nonvested restricted stock units.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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