XML 35 R24.htm IDEA: XBRL DOCUMENT v3.24.1.u1
STOCKHOLDERS’ EQUITY (Tables)
 3 Months Ended
Mar. 31, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
SCHEDULE OF WARRANT OUTSTANDING AND EXERCISABLE

The following is a summary of outstanding and exercisable warrants activity during the three months ended March 31, 2024:

 

   Warrants Outstanding Number of Shares  

Exercise Price

per Share

   Weighted Average Remaining Contractual Life  

Weighted Average Exercise Price

per Share

 
Balance at December 31, 2023   4,730,607   $ 1.24 – 12.00    3.95 years   $4.81 
Exercised   (2,337,500)   4.60 – 5.75    4.41 years    4.91 
Cancelled/Forfeited/Expired   -    -    -    - 
Balance at March 31, 2024   2,393,107   $1.24 – 12.00    3.01 years   $4.71 
                     
Exercisable December 31, 2023   4,730,607   $1.24 – 12.00    3.95 years   $4.80 
Exercisable March 31, 2024   2,393,107   $1.24 – 12.00    3.01 years   $4.69 
Service-Based Stock Options [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
SCHEDULE OF OPTION ACTIVITY

The following is a summary of outstanding service-based options activity (prior to the establishment of our 2020 Plan above) for the three months ended March 31, 2024:

   Options Outstanding Number of Shares   Exercise Price
per Share		   Weighted Average Remaining Contractual Life  

Weighted Average Exercise Price

per Share

 
Balance, December 31, 2023   1,124,333   $ 1.00 – 11.98    4.60 years   $3.69 
Granted   -    -    -    - 
Exercised   (4,250)   6.25    6.44 years    6.25 
Balance at March 31, 2024   1,120,083   $ 1.00 – 11.98    4.34 years   $3.68 
                     
Exercisable December 31, 2023   1,090,083   $1.00 – 11.98    4.62 years   $3.66 
Exercisable at March 31, 2024   1,098,893   $ 1.00 – 11.98    4.37 years   $3.67 
Performance Shares [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
SCHEDULE OF OPTION ACTIVITY

The following is a summary of outstanding performance-based options activity for the three months ended March 31, 2024:

 

   Options Outstanding Number of Shares  

Exercise Price

per Share

   Weighted Average Remaining Contractual Life  

Weighted Average Exercise Price

per Share

 
Balance at December 31, 2023   485,000   $ 1.25 – 2.50    4.13 years   $1.56 
Granted   -    -    -    - 
Balance at March 31, 2024   485,000   $1.25 – 2.50    3.88 years   $1.56 
                     
Exercisable December 31, 2023   420,000   $ 1.50 – 2.50    4.20 years   $1.56 
Exercisable at March 31, 2024   420,000   $1.50 – 2.50    3.95 years   $1.56 
Restricted Stock Units (RSUs) [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
SCHEDULE OF WARRANT OUTSTANDING AND EXERCISABLE

The following is a summary of outstanding RSUs and RSAs activity (outside of our Amended 2020 Plan) for the three months ended March 31, 2024:

 

   RSU Outstanding
Number of Shares		 
Balance at December 31, 2023   550,000 
Granted   - 
Vested   (62,500)
Balance at March 31, 2024   487,500 
Restricted Stock Units (RSUs) [Member] | 2020 Plan [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
SCHEDULE OF RESTRICTED STOCK UNIT ACTIVITY

The following is a summary of outstanding RSUs and RSAs activity under our Amended 2020 Plan for the three months ended March 31, 2024:

 

   RSU Outstanding
Number of Shares		 
Balance at December 31, 2023   3,194,375 
Granted   - 
Vested   (834,125)
Cancelled/Forfeited   (450,000)
Balance at March 31, 2024   1,910,250 
2020 Plan [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
SCHEDULE OF OPTION ACTIVITY

Previously, the Company had granted service-based stock options and performance-based stock options separate from the 2020 Plan. The following is a summary of outstanding options activity under our Amended 2020 Plan for the three months ended March 31, 2024:

 

   Options Outstanding Number of Shares   Exercise Price
per Share		   Weighted Average Remaining Contractual Life   Weighted Average Exercise Price
per Share		 
Balance, December 31, 2023   726,889   $ 1.84 – 13.74    6.11 years   $8.08 
Granted   -    -    -    - 
Exercised   (172,222)   6.00 – 7.50    6.61 years    6.44 
Balance at March 31, 2024   554,667   $1.84 – 13.74    5.63 years   $8.59 
                     
Exercisable at December 31, 2023   604,758   $1.84 – 13.74    6.23 years   $8.44 
Exercisable at March 31, 2024   472,949   $1.84 – 13.74    5.74 years   $9.12