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CAPITAL STOCK, STOCK PLANS, WARRANTS AND STOCK BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2021
Share-based Payment Arrangement [Abstract] |
SCHEDULE OF SHARE-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS | SCHEDULE OF SHARE-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS
|  | Employee Stock |
|  | Option Granted |
|  | 2021 |
Weighted-average fair value per share |  | $ | 3.51 |
Risk -free interest rate (1) |  |  | 1.05 | %
Expected volatility of stock (2) |  |  | 58.61 | %
Dividend yield |  |  | None |
Expected option life (3) |  |  | 5.0 years |
|  | Outside Director Stock Options Granted |
|  | 2021 |  |  | 2020 |
Weighted-average fair value per share |  | $ | 3.9 |  |  | $ | 4.66 |
Risk -free interest rate (1) |  |  | 1.23%-1.61 | % |  |  | 0.59%-1.61 | %
Expected volatility of stock (2) |  |  | 55.84%-55.91 | % |  |  | 55.83%-56.68 | %
Dividend yield |  |  | None |  |  |  | None |
Expected option life (3) |  |  | 10.0 years |  |  |  | 10.0 years |
(1) | The risk-free interest rate is based on the U.S. Treasury yield in effect at the grant date over the expected term of the option.
(2) | The expected volatility is based on historical volatility from our traded Common Stock over the expected term of the option.
(3) | The expected option life is based on historical exercises and post-vesting data.
SCHEDULE OF SHARE-BASED COMPENSATION, ALLOCATION OF RECOGNIZED PERIOD COSTS | The following table summarizes stock-based compensation recognized for fiscal years 2021 and 2020. SCHEDULE OF SHARE-BASED COMPENSATION, ALLOCATION OF RECOGNIZED PERIOD COSTS
|  | 2021 |  |  | 2020 |
|  | Year Ended |
|  | 2021 |  |  | 2020 |
Employee Stock Options |  | $ | 178,000 |  |  | $ | 132,000 |
Director Stock Options |  |  | 72,000 |  |  |  | 104,000 |
Total |  | $ | 250,000 |  |  | $ | 236,000 |
SCHEDULE OF STOCK OPTIONS ROLL FORWARD | The summary of the Company’s total plans as of December 31, 2021 and 2020, and changes during the period then ended are presented as follows: SCHEDULE OF STOCK OPTIONS ROLL FORWARD
|  | Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (years) |  |  | Aggregate Intrinsic Value (4) |
Options outstanding January 1, 2021 |  |  | 658,400 |  |  | $ | 3.87 |  |  |  |  |  |  |  |  |
Granted |  |  | 381,000 |  |  | $ | 6.82 |  |  |  |  |  |  |  |  |
Exercised |  |  | (500 | ) |  | $ | 3.15 |  |  |  |  |  |  | $ | 2,175 |
Forfeited/expired |  |  | (19,500 | ) |  | $ | 6.75 |  |  |  |  |  |  |  |  |
Options outstanding end of period (1) |  |  | 1,019,400 |  |  | $ | 4.91 |  |  |  | 4.0 |  |  | $ | 1,669,687 |
Options exercisable at December 31, 2021(1) |  |  | 438,400 |  |  | $ | 3.95 |  |  |  | 2.7 |  |  | $ | 1,064,432 |
|  | Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (years) |  |  | Aggregate Intrinsic Value (4) |
Options outstanding January 1, 2020 |  |  | 681,300 |  |  | $ | 3.84 |  |  |  |  |  |  |  |  |
Granted |  |  | 24,000 |  |  | $ | 6.92 |  |  |  |  |  |  |  |  |
Exercised |  |  | (12,500 | ) |  | $ | 3.47 |  |  |  |  |  |  | $ | 16,060 |
Forfeited/expired |  |  | (34,400 | ) |  | $ | 5.52 |  |  |  |  |  |  |  |  |
Options outstanding end of period (2) |  |  | 658,400 |  |  | $ | 3.87 |  |  |  | 3.5 |  |  | $ | 1,426,143 |
Options exercisable at December 31, 2020(3) |  |  | 356,400 |  |  | $ | 3.99 |  |  |  | 3.3 |  |  | $ | 732,163 |
(1) | Options with exercise prices ranging from $2.79 to $7.50
(2) | Options with exercise prices ranging from $2.79 to $7.29
(3) | Options with exercise prices ranging from $2.79 to $7.05
(4) | The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price
SCHEDULE OF NON VESTED OPTIONS | The summary of the Company’s nonvested options as of December 31, 2021 and changes during the period then ended are presented as follows: SCHEDULE OF NON VESTED OPTIONS
|  |  |  |  | Weighted Average |
|  |  |  |  | Grant-Date |
|  | Shares |  |  | Fair Value |
Non-vested options January 1, 2021 |  |  | 302,000 |  |  | $ | 1.94 |
Granted |  |  | 381,000 |  |  |  | 3.59 |
Vested |  |  | (100,500 | ) |  |  | 2.44 |
Forfeited |  |  | (1,500 | ) |  |  | 1.42 |
Non-vested options at December 31, 2021 |  |  | 581,000 |  |  | $ | 3.13 |

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