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STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2024

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:

		Three months ended March 31,
		2024				2023
Cost of sales		$	(10,755	)		$	15,077
Selling, general and administrative			292,277				323,846
Total stock-based compensation expense		$	281,522			$	338,923

The following table summarizes activity related to outstanding RSUs for the three months ended March 31, 2024:

The following table summarizes activity related to outstanding RSUs for the three months ended March 31, 2024:

		RSUs				Weighted Average Grant Date Fair Value of RSUs
Non-vested – January 1, 2024			—			$	—
Granted			181,323			$	2.45
Vested			(45,328	)		$	2.45
Forfeited			—			$	—
Non-vested – March 31, 2024			135,995			$	2.45

The following table summarizes activity related to outstanding Restricted Stock Awards for the three months ended March 31, 2024:

The following table summarizes activity related to outstanding Restricted Stock Awards for the three months ended March 31, 2024:

		Restricted Stock Awards				Weighted Average   Grant Date   Fair Value of  Restricted Stock  Awards
Non-vested – January 1, 2024			167,071			$	3.25
Granted			—			$	—
Vested			(9,294	)		$	2.93
Forfeited			(12,572	)		$	3.03
Non-vested – March 31, 2024			145,205			$	3.28

The following table summarizes activity related to outstanding PRSAs for the three months ended March 31, 2024:

The following table summarizes activity related to outstanding PRSAs for the three months ended March 31, 2024:

		PRSAs				Weighted Average   Grant Date   Fair Value of  PRSAs
Non-vested – January 1, 2024			48,050			$	3.27
Granted			1,245			$	1.60
Vested			—			$	—
Forfeited			(6,851	)		$	3.08
Non-vested – March 31, 2024			42,444			$	3.25

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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
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
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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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