XML 33 R22.htm IDEA: XBRL DOCUMENT
v3.24.3

STOCK-BASED COMPENSATION EXPENSE (Tables) | 9 Months Ended
--- | ---
Sep. 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 Sept. 30, |  |  | Nine months ended Sept. 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Cost of revenue |  | $ | 38 |  |  | $ | 22 |  |  | $ | 114 |  |  | $ | 82 |
Research and development |  |  | 47 |  |  |  | 47 |  |  |  | 141 |  |  |  | 113 |
Selling |  |  | 27 |  |  |  | 30 |  |  |  | 81 |  |  |  | 72 |
General and administrative |  |  | 155 |  |  |  | 150 |  |  |  | 465 |  |  |  | 380 |
Total |  | $ | 267 |  |  | $ | 249 |  |  | $ | 801 |  |  | $ | 647 |
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 September 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 September 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 September 30, 2024 by ranges of exercise prices: SCHEDULE OF OUTSTANDING AND EXERCISABLE OPTIONS RANGES OF EXERCISE PRICES
|  |  | Options Outstanding |  |  | Options Exercisable |
|  |  |  |  |  | Weighted |  |  | Weighted |  |  |  |  |  |  |  |  | Weighted |  |  |  |
|  |  |  |  |  | Average |  |  | Average |  |  |  |  |  |  |  |  | Average |  |  |  |
Exercise |  |  | Number |  |  | Remaining |  |  | Exercise |  |  | Intrinsic |  |  | Number |  |  | Exercise |  |  | Intrinsic |
Price Range |  |  | Outstanding |  |  | Contractual |  |  | Price |  |  | Value |  |  | Exercisable |  |  | Price |  |  | Value |
$ | 4.00-7.00 |  |  |  | 459,625 |  |  |  | 7.1 |  |  | $ | 4.55 |  |  | $ | - |  |  |  | 294,125 |  |  | $ | 6.07 |  |  | $ | - |
$ | 7.01-10.00 |  |  |  | 20,000 |  |  |  | 3.6 |  |  | $ | 8.07 |  |  | $ | - |  |  |  | 20,000 |  |  | $ | 8.07 |  |  | $ | - |
$ | 10.01-13.00 |  |  |  | 130,000 |  |  |  | 2.9 |  |  | $ | 10.62 |  |  | $ | - |  |  |  | 122,500 |  |  | $ | 10.55 |  |  | $ | - |
$ | 13.01-16.00 |  |  |  | 228,500 |  |  |  | 8.5 |  |  | $ | 14.11 |  |  | $ | - |  |  |  | 57,125 |  |  | $ | 14.11 |  |  | $ | - |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration