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STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 29, 2024

Equity [Abstract]

SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY

Restricted stock activity for the six month period ended June 29, 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			4,131,820				1.31
Forfeited			(328,100	)			2.70
Vested			(246,459	)			2.00
Balance, June 29, 2024			5,489,028				1.32

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 and six months ended June 29, 2024 and July 1, 2023 (no tax benefits were recognized):

 SCHEDULE OF STOCK-BASED COMPENSATION EXPENSE 

		Three Months Ended				Three Months Ended				Six months ended				Six months ended
		June 29, 2024				July 1, 2023				June 29, 2024				July 1, 2023
Cost of product revenues		$	268,318			$	427,323			$	488,924			$	453,541
Research and development			117,086				322,294				260,909				339,168
Selling, general and administrative			291,014				441,641				661,513				592,740
Total		$	676,418			$	1,191,258			$	1,411,346			$	1,385,449
Stock based compensation expense		$	676,418			$	1,191,258			$	1,411,346			$	1,385,449

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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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