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STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Stock-based compensation expense for restricted stock in the consolidated statements of operations is summarized as follows:

Stock-based compensation expense for restricted stock in the consolidated statements of operations is summarized as follows:

		2023				2022
Cost of sales		$	65,470			$	36,794
Selling, general and administrative			705,156				319,084
Total stock-based compensation expense		$	770,626			$	355,878

The following table summarizes activity related to outstanding RSUs

The following table summarizes activity related to outstanding RSUs for the year ended December 31, 2023:

			RSUs				Weighted Average  Grant Date  Fair Value of RSUs
Non-vested – January 1, 2023				—			$	—
Granted				173,718			$	3.43
Vested				(139,969	)		$	3.43
Forfeited				(33,749	)		$	3.42
Non-vested – December 31, 2023				—			$	—

The following table summarizes activity related to outstanding Restricted Stock Awards for the year ended December 31, 2023:

The following table summarizes activity related to outstanding Restricted Stock Awards for the year ended December 31, 2023:

			Restricted Stock Awards				Weighted Average  Grant Date  Fair Value of Restricted Stock Awards
Non-vested – January 1, 2023				130,583			$	2.37
Granted				111,447			$	3.82
Vested				(39,331	)		$	3.07
Forfeited				(35,628	)		$	2.04
Non-vested – December 31, 2023				167,071			$	3.25

The following table summarizes activity related to outstanding PRSAs for the year ended December 31, 2023:

The following table summarizes activity related to outstanding PRSAs for the year ended December 31, 2023:

			PRSAs				Weighted Average  Grant Date  Fair Value of PRSAs
Non-vested – January 1, 2023				31,737			$	2.65
Granted				48,050			$	3.27
Vested				(20,971	)		$	2.65
Forfeited				(10,766	)		$	2.65
Non-vested – December 31, 2023				48,050			$	3.27

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
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-Subparagraph (h)(1)
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Tabular disclosure of the changes in outstanding nonvested performance-based 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 of the number and weighted-average grant date fair value for outstanding performance shares.

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