STOCK BASED AWARDS (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

SCHEDULE OF WEIGHTED AVERAGE GRANT DATE FAIR VALUE OF STOCK OPTIONS GRANTED

	2024			2023
Stock option fair value assumptions:
Risk-free interest rate		4.38	%		3.45	%
Expected life (years)		6.0			6.5
Dividend yield		0	%		0	%
Expected volatility		58	%		60	%
Weighted average grant date fair value of stock options granted	$	6.49		$	5.67

SCHEDULE OF OPTION ACTIVITY

Following is the status of option activity for the nine months ended and as of September 30, 2024:

	Shares			Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Term (in years)		Aggregate Intrinsic Value
Outstanding – December 31, 2023		458,700		$	6.63		6.53	$	1,432
Granted		23,000			11.08
Exercised		(5,500	)		5.42
Forfeited		(12,400	)		10.13
Outstanding – September 30, 2024		463,800		$	6.78		5.94	$	2,301
Exercisable on September 30, 2024		284,500		$	4.77		4.43	$	1,979

SCHEDULE OF RESTRICTED STOCK ACTIVITY

Following is the status of restricted stock activity for the nine months ended and as of September 30, 2024:

	Shares			Weighted- Average Remaining Vesting Term (in years)		Aggregate Intrinsic Value
Outstanding – December 31, 2023		27,000			1.0	$	254
Granted		15,141
Vested		(16,500	)
Forfeited		(1,500	)
Outstanding – September 30, 2024		24,141			0.6	$	283