XML 42 R28.htm IDEA: XBRL DOCUMENT v3.23.1

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

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

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the total intrinsic value of options exercised (or share units converted), share-based liabilities paid, and the total fair value of shares vested during the year.

+ 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 (d)(2)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ 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
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

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 (d)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration