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SHARE-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

SCHEDULE OF STOCK OPTION ACTIVITY

The following table summarizes stock option activity for the three months ended March 31, 2025:

 SCHEDULE OF STOCK OPTION ACTIVITY 

						Weighted Average
		Options on Common Shares				Exercise Price				Remaining Contractual Term				Aggregate Intrinsic Value
Outstanding January 1, 2025			3,944,284			$	2.12				8.30			$	1,486
Granted			2,299,427			$	2.06				-				-
Exercised			-			$	-				-				-
Forfeited, cancelled, expired			(147,500	)		$	5.43				-				-
Outstanding March 31, 2025			6,096,211			$	2.02				8.98			$	1,343
Exercisable March 31, 2025			1,385,081			$	2.64				7.62			$	370

SCHEDULE OF STOCK OPTION ACTIVITY, FAIR VALUE OF ASSUMPTIONS

The Company uses the Black-Scholes option pricing model to determine the fair value of the service-based options that have been granted. The following table summarizes the assumptions used to compute the fair value of options granted to employees and non-employees:

 SCHEDULE OF STOCK OPTION ACTIVITY, FAIR VALUE OF ASSUMPTIONS 

		For the Three Months
		Ended March 31,
		2025				2024
Expected stock price volatility			76	%			76	%
Risk-free interest rate			4.28	%			3.89	%
Expected dividend yield			0	%			0	%
Expected life of options			6.00				6.00
Weighted-average fair value of options granted		$	1.47			$	2.29

SCHEDULE OF RESTRICTED STOCK UNITS ACTIVITY

The Plan provides for the grant of restricted stock units (“RSUs”). RSUs are settled in shares of the Company’s Common Stock as the RSUs vest. The following table summarizes RSU activity for the three months ended March 31, 2025:

 SCHEDULE OF RESTRICTED STOCK UNITS ACTIVITY 

		Service-Based RSU’s				Weighted Average Grant Date Fair Value				Weighted Average Vesting Period (Years)
Unvested at January 1, 2025			988,102			$	2.25				3.67
Granted - service based			585,359				2.03				-
Vested			(74,157	)			1.99				-
Forfeited and cancelled			-				-				-
Unvested at March 31, 2025			1,499,304				2.18				2.47

SCHEDULE OF SHARE-BASED COMPENSATION FOR OPTIONS AND RESTRICTED STOCK UNITS

The Company recorded share-based compensation for options and RSUs in its statements of operations for the relevant periods as follows:

 SCHEDULE OF SHARE-BASED COMPENSATION FOR OPTIONS AND RESTRICTED STOCK UNITS 

		2025				2024
		Three Months Ended March 31,
		2025				2024
Selling, general and administrative		$	1,603			$	647
Research and development			62				28
Total share-based expense		$	1,665			$	675

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Tabular disclosure of share-based payment arrangement.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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