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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, 2023348,259 
Granted— 
Exercised— 
Forfeited(29,302)
Expired (138,125)
Outstanding, September 30, 2024180,832 
Exercisable, September 30, 2024173,013 
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, 2023408,451 
Granted15,999 
Vested (137,370)
Forfeited(202,488)
Outstanding, September 30, 202484,592 
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,
2024202320242023
Stock options$6 $125 $75 $446 
Restricted stock units161 545 883 1,375 
Warrants— 1 1 2 
Long-term incentive plan274 — 274 — 
Total stock compensation expense$441 $671 $1,233 $1,823