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STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2022
Share-Based Payment Arrangement [Abstract] |
SCHEDULE OF STOCK OPTION GRANTED MEASURED USING BLACK SCHOLES VALUATION | The fair value of the stock options granted was measured using the Black-Scholes valuation model with the following assumptions: SCHEDULE OF STOCK OPTION GRANTED MEASURED USING BLACK SCHOLES VALUATION
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |
Expected volatility |  |  | 31.1 | % |  |  | 31.1 | %
Expected life in years |  |  | 5.5 |  |  |  | 5.5 |
Risk-free interest rate |  |  | 2.9 | % |  |  | 2.1 | %
Expected dividend yield |  |  | 0 | % |  |  | 0 | %
SUMMARY OF STOCK OPTION ACTIVITY | A summary of stock option activity for the year ended December 31, 2022 is presented below: SUMMARY OF STOCK OPTION ACTIVITY
|  | Stock Options |  |  | Weighted average exercise price |  |  | Weighted average remaining contractual term |  |  | Aggregate intrinsic value |
Outstanding as of January 1, 2022 |  |  | 647,667 |  |  | $ | 5.53 |  |  |  |  |  |  |  |  |
Granted |  |  | 27,000 |  |  |  | 3.17 |  |  |  |  |  |  |  |  |
Exercised |  |  | (4,000 | ) |  |  | 4.11 |  |  |  |  |  |  |  |  |
Forfeited |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Outstanding as of December 31, 2022 |  |  | 670,667 |  |  | $ | 5.45 |  |  |  | 5.60 |  |  | $ | 50 |
Exercisable as of December 31, 2022 |  |  | 643,667 |  |  | $ | 5.54 |  |  |  | 5.50 |  |  | $ | 50 |
SCHEDULE OF WEIGHTED AVERAGE GRANT DATE FAIR VALUE OF OPTIONS | SCHEDULE OF WEIGHTED AVERAGE GRANT DATE FAIR VALUE OF OPTIONS
|  | 2022 |  |  | 2021 |
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |
Weighted-average fair value of options granted (per share) |  | $ | 1.09 |  |  | $ | 0.97 |
Intrinsic value (loss) gain of options exercised |  |  | (6 | ) |  |  | 137 |
Cash receipts from exercise of options |  |  | 17 |  |  |  | 58 |
SCHEDULE OF INFORMATION RELATED TO OPTIONS OUTSTANDING AND EXERCISABLE | The following table presents information related to stock options as of December 31, 2022: SCHEDULE OF INFORMATION RELATED TO OPTIONS OUTSTANDING AND EXERCISABLE
Options outstanding |  |  | Options exercisable |
|  |  | Outstanding |  |  | Weighted average |  |  | Exercisable |
|  |  | number of |  |  | remaining life |  |  | number of |
Exercise price |  |  | options |  |  | in years |  |  | options |
$ | 1.68 |  |  |  | 50,000 |  |  |  | 7.25 |  |  |  | 50,000 |
$ | 3.17 |  |  |  | 27,000 |  |  |  | - |  |  |  | - |
$ | 3.31 |  |  |  | 236,667 |  |  |  | 8.37 |  |  |  | 236,667 |
$ | 3.68 |  |  |  | 5,000 |  |  |  | 3.19 |  |  |  | 5,000 |
$ | 5.60 |  |  |  | 35,000 |  |  |  | 0.01 |  |  |  | 35,000 |
$ | 5.60 |  |  |  | 6,000 |  |  |  | 5.26 |  |  |  | 6,000 |
$ | 7.30 |  |  |  | 246,000 |  |  |  | 4.25 |  |  |  | 246,000 |
$ | 8.98 |  |  |  | 6,000 |  |  |  | 2.25 |  |  |  | 6,000 |
$ | 10.21 |  |  |  | 59,000 |  |  |  | 1.18 |  |  |  | 59,000 |
|  |  |  |  | 670,667 |  |  |  |  |  |  |  | 643,667 |
SCHEDULE OF RESTRICTED STOCK UNITS | A summary of RSU activity during the year ended December 31, 2022 is as follows: SCHEDULE OF RESTRICTED STOCK UNITS
|  |  |  |  | Weighted-average |  |  | Weighted-average |
|  |  |  |  | grant-date |  |  | grant-date |
|  | Number of units |  |  | fair value per share |  |  | fair value |
Unvested restricted stock units as of January 1, 2022 |  |  | - |  |  | $ | - |  |  | $ | - |
Units granted |  |  | 375,000 |  |  |  | 4.35 |  |  |  | 1,631 |
Units vested |  |  | (125,000 | ) |  |  | 4.35 |  |  |  | (544 | )
Units forfeited |  |  | - |  |  |  | - |  |  |  | - |
Unvested restricted stock units as of December 31, 2022 |  |  | 250,000 |  |  | $ | 4.35 |  |  | $ | 1,087 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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