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STOCK COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
SCHEDULE OF OPTION ACTIVITIES | Following is a summary of the option activities during the years ended December 31, 2024 and 2023:
| Number of Units |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term (in years)
Outstanding, December 31, 2022 | 97,897 |  | $ | 64.40 |  |  | 2.17
Granted | 72,860 |  | $ | 13.55 |  |  |
Exercised | (2,500) |  | $ | 5.20 |  |  |
Cancelled | (98,605) |  | $ | 50.25 |  |  |
Outstanding, December 31, 2023 | 69,652 |  | $ | 33.25 |  |  | 2.09
Granted | — |  |  | $ | — |  |  |
Exercised | — |  |  | $ | — |  |  |
Forfeited | (5,860) |  | $ | 41.40 |  |  |
Expired | (29,651) |  | $ | 33.20 |  |  |
Outstanding, December 31, 2024 | 34,141 |  | $ | 31.80 |  |  | 0.65
Exercisable, December 31, 2024 | 32,821 |  | $ | 32.05 |  |  | 0.56
SCHEDULE OF RESTRICTED STOCK ACTIVITIES | The following is a summary of the restricted stock activities during the years ended December 31, 2024 and 2023.
| Number of Units |  | Weighted Average Grant Date Fair Value
Outstanding, December 31, 2022 | 60,776 |  | $ | 55.20 |
Granted | 99,680 |  | $ | 10.25 |
Vested | (63,799) |  | $ | 29.20 |
Forfeited | (14,967) |  | $ | 17.80 |
Outstanding, December 31, 2023 | 81,690 |  | $ | 26.85 |
Granted | 3,200 |  | $ | 5.20 |
Vested | (29,626) |  | $ | 33.85 |
Forfeited | (40,628) |  | $ | 18.30 |
Outstanding, December 31, 2024 | 14,636 |  | $ | 30.50 |
SHEDULE OF WARRANTS ACTIVITIES | The following is a summary of the warrant activities during the years ended December 31, 2024 and 2023:
| Number of Units |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term (in years)
Outstanding, December 31, 2022 | 277,201 |  | $ | 32.85 |  |  | 5.25
Granted | — |  |  | $ | — |  |  | —
Exercised | — |  |  | $ | — |  |  | —
Outstanding, December 31, 2023 | 277,201 |  | $ | 32.85 |  |  | 3.72
Granted | — |  |  | $ | — |  |  |
Exercised | — |  |  | $ | — |  |  |
Outstanding, December 31, 2024 | 277,201 |  | $ | 32.85 |  |  | 2.70
Exercisable, December 31, 2024 | 277,201 |  | $ | 32.85 |  |  | 2.70
SCHEDULE OF FAIR VALUE OF LONG TERM INCENTIVE PLAN |
| December 31, 2024
Common stock issuable upon exercise of warrants |
Market value of common stock on measurement date | $ | 1.90 |
Risk free interest rate (1) | 4.17 - 4.28%
Expected life in years | 0.25 - 2.50 years
Expected volatility (2) | 70 - 80%
(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.
SCHEDULE OF STOCK COMPENSATION EXPENSE | For the years ended December 31, 2024 and 2023, the Company recorded the following stock compensation expense which is included in general and administrative expense in the Company’s consolidated statement of operations and comprehensive loss (in thousands):
| 2024 |  | 2023
Stock options | $ | 68 |  |  | $ | 1,105 |
Restricted stock units | 962 |  |  | 2,023 |
Equity-based Warrants | 1 |  |  | 3 |
Long-term incentive plan | 358 |  |  | — |
Total stock compensation expense | $ | 1,389 |  |  | $ | 3,131 |

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- 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
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- 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
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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 Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-1 + Details
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