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STOCK BASED AWARDS (Tables) | 6 Months Ended
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Jun. 30, 2024
Share-Based Payment Arrangement [Abstract] |
SCHEDULE OF WEIGHTED AVERAGE GRANT DATE FAIR VALUE OF STOCK OPTIONS GRANTED | SCHEDULE OF WEIGHTED AVERAGE GRANT DATE FAIR VALUE OF STOCK OPTIONS GRANTED
|  | 2024 |  |  | 2023 |
Stock option fair value assumptions: |  |  |  |  |  |  |  |
Risk-free interest rate |  |  | 4.40 | % |  |  | 3.45 | %
Expected life (years) |  |  | 6.0 |  |  |  | 6.5 |
Dividend yield |  |  | 0 | % |  |  | 0 | %
Expected volatility |  |  | 58 | % |  |  | 60 | %
Weighted average grant date fair value of stock options granted |  | $ | 6.47 |  |  | $ | 5.67 |
SCHEDULE OF OPTION ACTIVITY | Following is the status of option activity for the six months ended and as of June 30, 2024: SCHEDULE OF OPTION ACTIVITY
|  | Shares |  |  | Weighted- Average Exercise Price Per Share |  |  | Weighted- Average Remaining Contractual Term (in years) |  |  | Aggregate Intrinsic Value |
Outstanding – December 31, 2023 |  |  | 458,700 |  |  | $ | 6.63 |  |  |  | 6.53 |  |  | $ | 1,432 |
Granted |  |  | 22,000 |  |  |  | 11.06 |  |  |  |  |  |  |  |  |
Exercised |  |  | (5,500 | ) |  |  | 5.42 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (9,600 | ) |  |  | 10.26 |  |  |  |  |  |  |  |  |
Outstanding – June 30, 2024 |  |  | 465,600 |  |  | $ | 6.78 |  |  |  | 6.20 |  |  | $ | 3,150 |
Exercisable on June 30, 2024 |  |  | 279,300 |  |  | $ | 4.67 |  |  |  | 4.60 |  |  | $ | 2,479 |
SCHEDULE OF RESTRICTED STOCK ACTIVITY | Following is the status of restricted stock activity for the six months ended and as of June 30, 2024: SCHEDULE OF RESTRICTED STOCK ACTIVITY
|  | Shares |  |  | Weighted- Average Remaining Vesting Term (in years) |  |  | Aggregate Intrinsic Value |
Outstanding – December 31, 2023 |  |  | 27,000 |  |  |  | 1.0 |  |  | $ | 254 |
Granted |  |  | 15,141 |  |  |  |  |  |  |  |  |
Vested |  |  | (16,500 | ) |  |  |  |  |  |  |  |
Forfeited |  |  | (1,500 | ) |  |  |  |  |  |  |  |
Outstanding – June 30, 2024 |  |  | 24,141 |  |  |  | 0.9 |  |  | $ | 330 |

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- 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 -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- 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
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- Definition Tabular disclosure of the weighted-average grant-date fair value of equity options or other equity instruments granted during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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