STOCK BASED AWARDS (Tables)

3 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

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

We did not grant service-based stock options during the three months ended March 31, 2025. Weighted average stock option fair value assumptions and the weighted average grant date fair value of stock options granted during the three months ended March 31, 2024 were as follows:

	2024
Stock option fair value assumptions:
Risk-free interest rate		3.45-4.34%
Expected life (years)		6.5
Dividend yield		-%
Expected volatility		60	%
Weighted average grant date fair value of stock options granted	$	5.73

SCHEDULE OF OPTION ACTIVITY

Following is a summary of stock option activity as of and for the three months ended March 31, 2025 and 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		-			-
Exercised		-			-
Forfeited		(6,200	)		11.10
Outstanding – March 31, 2024		452,500		$	6.57		6.57	$	3,066
Outstanding – December 31, 2024		453,400		$	6.79		5.70	$	1,654
Granted		-			-
Exercised		(200	)		9.37
Forfeited		(4,400	)		8.98
Outstanding – March 31, 2025		448,800		$	6.77		5.45	$	1,508
Exercisable on March 31, 2025		298,200		$	5.13		4.20	$	1,458

SCHEDULE OF RESTRICTED STOCK ACTIVITY

Following is a summary of RSU activity as of and for the three months ended March 31, 2025 and 2024:

	Shares			Weighted- Average Remaining Vesting Term (in years)		Aggregate Intrinsic Value
Outstanding – December 31, 2023		27,000			1.0	$	254
Granted		-
Vested		(15,000	)
Forfeited		-
Outstanding – March 31, 2024		12,000			1.0	$	160
Outstanding – December 31, 2024		24,141			0.3	$	248
Granted		-
Vested		-
Forfeited		-
Outstanding – March 31, 2025		24,141			0.1	$	239