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STOCKHOLDERS’ EQUITY (Tables)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Schedule of option activity

Schedule of option activity
		Number of Options				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life
Outstanding at December 31, 2022			336,758				12.54
Granted			46,000				12.07
Exercised			–				–
Forfeited			(19,160	)			19.21
Outstanding at September 30, 2023			363,598			$	12.13				6.60 Years

Schedule of options granted

Schedule of options granted
	Nine months ended
	September 30, 2023
Expected volatility	90.2% - 94.5%
Expected term	6.5 - 7 Years
Risk-free interest rate	3.55% - 4.47%
Weighted-average FV	$9.71

Schedule of restricted stock awards

Schedule of restricted stock awards						Weighted-
		Nonvested				Average Grant-
		Shares				Date Fair Value
Nonvested at December 31, 2022			17,865			$	14.11
Granted			18,375				11.40
Vested			(23,765	)			13.12
Forfeited			(5,400	)			11.40
Nonvested at September 30, 2023			7,075			$	13.84

Schedule of warrants outstanding

Schedule of warrants outstanding
		Number of Warrants				Weighted Average Exercise Price
Outstanding at December 31, 2022			440,204				9.73
Granted			200,000				17.00
Exercised			(21,809	)			6.30
Outstanding at September 30, 2023			618,395			$	9.76
Exercisable at September 30, 2023			618,395			$	9.76

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Tabular disclosure of activity for outstanding award under share-based payment arrangement excluding share and unit options and nonvested award.

+ References

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
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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.

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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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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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