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SHAREHOLDERS’ EQUITY (Tables)

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

SUMMARY OF RESTRICTED STOCK ACTIVITY

Below is a summary of restricted stock activity for the year ended December 31, 2022:

SUMMARY OF RESTRICTED STOCK ACTIVITY

		For the Year Ended
		December 31, 2022
		Shares				Weighted Average Grant Date Fair Value
Nonvested at beginning of period			161,450			$	18.13
Granted			184,640				24.98
Vested			(154,307	)			20.37
Forfeited			(10,681	)			23.44
Nonvested at December 31, 2022			181,102			$	22.89

SCHEDULE OF STOCK OPTION ACTIVITY

A summary of the status of outstanding stock options at December 31, 2022 and changes during the year then ended is presented below:

SCHEDULE OF STOCK OPTION ACTIVITY

		For the Year Ended
		December 31, 2022
						Weighted Average				Weighted Average
						Exercise				Remaining
		Options				Price				Contract Life
Outstanding at beginning of period			11,500			$	6.00
Granted or assumed			144,191				10.71
Exercised			(7,000	)			6.00
Forfeited			(2,500	)			6.00
Expired			-				-
Outstanding at December 31, 2022			146,191			$	10.65				7.7
Exercisable at December 31, 2022			146,191			$	10.65				7.7

SCHEDULE OF WARRANTS TO PURCHASE COMMON STOCK

A summary of the status of outstanding warrants to purchase common stock at December 31, 2022 and changes during the year then ended is presented below:

SCHEDULE OF WARRANTS TO PURCHASE COMMON STOCK

		For the Year Ended
		December 31, 2022
						Weighted Average				Weighted Average
						Exercise				Remaining
		Warrants				Price				Contract Life
Outstanding at beginning of period			-			$	-
Granted or assumed			16,725				10.80
Exercised			-				-
Forfeited			-				-
Expired			-				-
Outstanding at December 31, 2022			16,725			$	10.80				7.8
Exercisable at December 31, 2022			16,725			$	10.80				7.8

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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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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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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-Name Accounting Standards Codification
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