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STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

SUMMARY OF STOCK OPTIONS OUTSTANDING

A summary of all stock option activity under the Plans for the nine months ended September 30, 2023 is as follows:

SUMMARY OF STOCK OPTIONS OUTSTANDING

Options		Number of Shares				Weighted Average Exercise Price
Outstanding at December 31, 2022			53,950			$	45.80
Granted			—				—
Exercised			—				—
Forfeited			(350	)			(83.20	)
Outstanding at September 30, 2023			53,600			$	45.55
Exercisable at September 30, 2023			53,600			$	45.55

SCHEDULE OF SHARES AUTHORIZED UNDER STOCK OPTION PLANS BY EXERCISE PRICE RANGE

The following table summarizes the range of exercise prices and weighted average remaining contractual life for outstanding and exercisable options under the Company’s option plans as of September 30, 2023:

SCHEDULE OF SHARES AUTHORIZED UNDER STOCK OPTION PLANS BY EXERCISE PRICE RANGE

Outstanding options

Exercisable options

Exercise price range

Number of options

Weighted average remaining contractual life

Number of options

Weighted average remaining contractual life

$

0.01 to $49.99

37,000

6.9 years

37,000

6.9 years

$

50.00 to $69.99

15,100

4.7 years

15,100

4.7 years

$

70.00 to $89.99

1,500

2.6 years

1,500

2.6 years

53,600

6.1 years

53,600

6.1 years

SUMMARY OF RESTRICTED STOCK ACTIVITY

A summary of all restricted stock activity under the Plans for the nine months ended September 30, 2023 is as follows:

SUMMARY OF RESTRICTED STOCK ACTIVITY

		Number of Restricted shares				Weighted average grant date fair value
Nonvested balance, December 31, 2022			79,125			$	21.73
Granted			35,000				5.00
Vested			(56,625	)			(21.29	)
Forfeited			(3,625	)			(22.41	)
Nonvested balance, September 30, 2023			53,875			$	11.27

SCHEDULE OF NON-VESTED BALANCE OF RESTRICTED STOCK

The nonvested balance of restricted stock vests as follows:

SCHEDULE OF NON-VESTED BALANCE OF RESTRICTED STOCK

Years ended		Number of shares
2023 (October 1, 2023 through December 31, 2023)			—
2024			27,750
2025			19,000
2026			4,125
2027			2,000
2028			1,000

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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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-Name Accounting Standards Codification
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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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