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STOCK COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF OPTION ACTIVITIES
Following is a summary of the option activities during the years ended December 31, 2023 and 2022:
Number of
Units
Weighted
Average
Exercise Price
Weighted
Average
Remaining
Contractual
Term (in years)
Outstanding, December 31, 2021506,765$15.36 2.29
Granted152,718$8.96 
Exercised(37,105)$2.00 
Cancelled(132,893)$20.72 
Outstanding, December 31, 2022489,485$12.88 2.17
Granted364,299$2.71 
Exercised(12,500)$1.04 
Cancelled(493,025)$10.05 
Outstanding, December 31, 2023348,259$6.65 2.09
Exercisable, December 31, 2023295,296$6.59 1.99
SCHEDULE OF RESTRICTED STOCK ACTIVITIES
The following is a summary of the restricted stock activities during the years ended December 31, 2023 and 2022.
Number of UnitsWeighted
Average
Grant Date Fair
Value
Outstanding, December 31, 2021246,744$14.48 
Granted309,710$9.52 
Vested (197,941)$13.04 
Forfeited(54,634)$10.72 
Outstanding, December 31, 2022303,879$11.04 
Granted498,398$2.05 
Vested (318,995)$5.84 
Forfeited(74,831)$3.56 
Outstanding, December 31, 2023408,451$5.37 
SHEDULE OF WARRANTS ACTIVITIES
The following is a summary of the warrant activities during the years ended December 31, 2023 and 2022:
Number of
Units
Weighted
Average
Exercise Price
Weighted
Average
Remaining
Contractual
Term (in years)
Outstanding, December 31, 2021264,161$16.00 0.94
Granted1,165,959$5.75 
Exercised(44,118)$0.08 
Outstanding, December 31, 20221,386,002$6.57 5.25
Granted— $— 
Exercised— $— 
Outstanding, December 31, 20231,386,002$6.57 3.72
Exercisable, December 31, 20231,385,690$6.57 3.72
SCHEDULE OF STOCK COMPENSATION EXPENSE
For the years ended December 31, 2023 and 2022, 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):
20232022
Stock options$1,105 $805 
Restricted stock units2,023 2,505 
Equity-based Warrants
Total stock compensation expense$3,131 $3,313