XML 50 R37.htm IDEA: XBRL DOCUMENT
v3.24.3

STOCK COMPENSATION (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract] |
SCHEDULE OF OPTION ACTIVITIES | The following is a summary of the option activities during the nine months ended September 30, 2024:
| Number of Units
Outstanding, December 31, 2023 | 348,259 |
Granted | — |
Exercised | — |
Forfeited | (29,302) |
Expired | (138,125)
Outstanding, September 30, 2024 | 180,832 |
Exercisable, September 30, 2024 | 173,013 |
SCHEDULE OF RESTRICTED STOCK UNIT ACTIVITIES | The following is a summary of the RSU activities during the nine months ended September 30, 2024:
| Number of Units
Outstanding, December 31, 2023 | 408,451 |
Granted | 15,999 |
Vested | (137,370) |
Forfeited | (202,488) |
Outstanding, September 30, 2024 | 84,592 |
SCHEDULE OF FAIR VALUE OF LONG TERM INCENTIVE PLAN |
| September 30, 2024 |  |
Market value of common stock on measurement date | $ | 0.53 |  |  |
Risk free interest rate (1) | 3.54% - 4.29% |  |
Expected life in years | 0.5 - 2.75 years |  |
Expected volatility (2) | 60% - 76% |  |
(1)The risk-free interest rate was determined by management using the applicable Treasury Bill as of the measurement date. (2)The historical trading volatility was based on historical fluctuations in stock price for Boxlight and certain peer companies.
SCHEDULE OF STOCK COMPENSATION EXPENSE | For the three and nine months ended September 30, 2024 and 2023, the Company recorded the following stock compensation in general and administrative expense (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Stock options | $ | 6 |  |  | $ | 125 |  |  | $ | 75 |  |  | $ | 446 |
Restricted stock units | 161 |  |  | 545 |  |  | 883 |  |  | 1,375 |
Warrants | — |  |  | 1 |  |  | 1 |  |  | 2 |
Long-term incentive plan | 274 |  |  | — |  |  | 274 |  |  | — |
Total stock compensation expense | $ | 441 |  |  | $ | 671 |  |  | $ | 1,233 |  |  | $ | 1,823 |

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 share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-1 Reference 2: 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_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
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 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. + 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 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
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