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STOCK-BASED COMPENSATION EXPENSE (Tables)

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

SCHEDULE OF STOCK BASED COMPENSATION EXPENSE

 SCHEDULE OF STOCK BASED COMPENSATION EXPENSE

		2024				2023				2024				2023
		Three months ended June 30,								Six months ended June 30,
		2024				2023				2024				2023
Cost of revenue		$	38			$	41			$	76			$	60
Research and development			47				45				94				65
Selling			27				31				54				42
General and administrative			155				145				310				230
Total		$	267			$	262			$	534			$	397

SCHEDULE OF WEIGHTED AVERAGE ASSUMPTIONS

 SCHEDULE OF WEIGHTED AVERAGE ASSUMPTIONS

Stock price		$	4.75
Exercise price		$	4.75
Dividend yield			0	%
Expected volatility			77	%
Risk-free interest rate			4.12	%
Expected life (in years)			6.00

SCHEDULE OF STOCK OPTIONS AWARDS

The following table summarizes stock options awards through June 30, 2024:

 SCHEDULE OF STOCK OPTIONS AWARDS

						Weighted
		Stock Option				Average
		Awards				Exercise
		(in shares)				Price
Outstanding at January 1, 2024			846,875				8.20
Granted			5,000				4.75
Forfeited			(13,750	)			7.94
Outstanding at June 30, 2024			838,125			$	8.18

SCHEDULE OF OUTSTANDING AND EXERCISABLE OPTIONS RANGES OF EXERCISE PRICES

The following table summarizes information about the outstanding and exercisable options at June 30, 2024 by ranges of exercise prices:

 SCHEDULE OF OUTSTANDING AND EXERCISABLE OPTIONS RANGES OF EXERCISE PRICES

		Options Outstanding																Options Exercisable
						Weighted				Weighted												Weighted
Exercise						Average				Average												Average
Price		Number				Remaining				Exercise				Intrinsic				Number				Exercise				Intrinsic
Range		Outstanding				Contractual				Price				Value				Exercisable				Price				Value
$4.00-7.00			459,625				7.4			$	4.55			$	-				217,250			$	4.45			$	-
$7.01-10.00			20,000				3.8			$	8.07			$	-				20,000			$	8.07			$	-
$10.01-13.00			130,000				3.2			$	10.62			$	-				122,500			$	10.55			$	-
$13.01-16.00			228,500				8.7			$	14.11			$	-				57,125			$	14.11			$	-

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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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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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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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