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STOCKHOLDERS’ EQUITY (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Schedule of assumptions for options granted

Schedule of assumptions for options granted
		Year ended December 31,
		2023				2022
Expected volatility			90.25% - 94.51%				94.94% - 97.41%
Expected term			5 - 7 Years				5 - 7 Years
Risk-free interest rate			3.55% - 4.47%				1.55% - 3.86%
Weighted-average FV			$5.93				$13.02

Schedule of option activity

Schedule of option activity
						Weighted				Weighted
						Average				Average		Intrinsic
		Number of				Exercise				Remaining		Value
		Options				Price				Contractual Life		(in thousands)
Outstanding at December 31, 2021			263,433			$	11.56
Granted			78,400				16.72
Exercised			(1,750	)			6.67
Forfeited			(3,325	)			36.25
Outstanding at December 31, 2022			336,758				12.54
Granted			169,800				7.54
Forfeited			(24,700	)			19.70
Outstanding at December 31, 2023			481,858			$	10.41			7.25 Years		$	350
Exercisable at December 31, 2023			151,310			$	5.55			7.18 Years		$	233

Schedule of restricted stock units

Schedule of restricted stock units

PSU

RSU

Weighted-

Nonvested

Nonvested

Average Grant-

Shares

Shares

Date Fair Value

Nonvested at December 31, 2021

–

–

$

–

Granted

142,500

142,500

13.05

Vested

–

(71,250

)

13.05

Nonvested at December 31, 2022

142,500

71,250

13.05

Granted

–

–

–

Vested

–

–

–

Nonvested at December 31, 2023

142,500

71,250

$

13.05

Schedule of restricted stock awards

Schedule of restricted stock awards
						Weighted-
		Nonvested				Average Grant-
		Shares				Date Fair Value
Nonvested at December 31, 2021			13,669			$	20.45
Granted			26,136				14.68
Vested			(21,940	)			18.75
Nonvested at December 31, 2022			17,865				14.11
Granted			19,795				10.98
Vested			(31,022	)			12.29
Forfeited			(5,400	)			11.68
Nonvested at December 31, 2023			1,238			$	20.17

Schedule of warrant outstanding

Schedule of warrant outstanding
		Number of Warrants				Weighted Average Exercise Price
Outstanding at December 31, 2021			519,658			$	6.30
Exercised			(79,454	)			6.30
Outstanding at December 31, 2022			440,204				6.30
Granted			200,000				17.00
Exercised			(29,459	)			6.30
Outstanding at December 31, 2023			610,745			$	9.80
Exercisable at December 31, 2023			610,745			$	9.80

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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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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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