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STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 28, 2024

Equity [Abstract]

SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY

Restricted stock activity for the nine month period ended September 28, 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			4,226,320				1.30
Forfeited			(399,644	)			2.50
Vested			(247,529	)			2.00
Balance, September 28, 2024			5,510,914				1.30

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 nine months ended September 28, 2024 and September 30, 2023 (no tax benefits were recognized):

 SCHEDULE OF STOCK-BASED COMPENSATION EXPENSE

		Three Months Ended				Three Months Ended				Nine months ended				Nine months ended
		September 28, 2024				September 30, 2023				September 28, 2024				September 30, 2023
Cost of product revenues		$	368,312			$	311,455			$	857,236			$	764,996
Research and development			308,792				214,320				569,701				553,488
Selling, general and administrative			535,842				432,560				1,197,355				1,025,298
Total		$	1,212,946			$	958,335			$	2,624,292			$	2,343,782
Stock based compensation expense		$	1,212,946			$	958,335			$	2,624,292			$	2,343,782

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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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