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SHAREHOLDERS’ EQUITY (Tables)

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

SUMMARY OF RESTRICTED STOCK ACTIVITY

Below is a summary of restricted stock activity for the six months ended June 30, 2022:

SUMMARY OF RESTRICTED STOCK ACTIVITY 

		For the Six Months Ended
		June 30, 2022
						Weighted Average
		Shares				Grant Date Fair Value
Non-vested at beginning of period			161,450			$	18.13
Granted			178,857				24.78
Vested			(138,658	)			19.79
Forfeited			(2,513	)			25.28
Non-vested at June 30, 2022			199,136			$	22.86

SCHEDULE OF STOCK OPTION ACTIVITY

A summary of the status of outstanding stock options at June 30, 2022 and changes during the six-month period then ended is presented below:

SCHEDULE OF STOCK OPTION ACTIVITY 

		For the Six Months Ended
		June 30, 2022
						Weighted Average				Weighted Average
		Options				Exercise Price				Remaining Contract Life
Outstanding at beginning of period			11,500			$	6.00				0.5
Granted or assumed			144,191				10.71				8.3
Exercised			-				-				-
Forfeited			-				-				-
Expired			-				-				-
Outstanding at June 30, 2022			155,691			$	10.36				7.7
Exercisable at June 30, 2022			155,691			$	10.36				7.7

SCHEDULE OF WARRANTS TO PURCHASE COMMON STOCK

A summary of the status of outstanding warrants to purchase common stock at June 30, 2022 and changes during the six-month period then ended is presented below:

SCHEDULE OF WARRANTS TO PURCHASE COMMON STOCK  

		For the Six Months Ended
		June 30, 2022
						Weighted Average				Weighted Average
		Warrants				Exercise Price				Remaining Contract Life
Outstanding at beginning of period		-				$	-			-
Granted or assumed			16,725				10.80				8.3
Exercised			-				-				-
Forfeited			-				-				-
Expired			-				-				-
Outstanding at June 30, 2022			16,725			$	10.80				8.3
Exercisable at June 30, 2022			16,725			$	10.80				8.3

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- References

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

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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