STOCK-BASED COMPENSATION EXPENSE (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

SCHEDULE OF STOCK BASED COMPENSATION EXPENSE

	Three months ended Sept. 30,				Nine months ended Sept. 30,
	2024		2023		2024		2023
Cost of revenue	$	38	$	22	$	114	$	82
Research and development		47		47		141		113
Selling		27		30		81		72
General and administrative		155		150		465		380
Total	$	267	$	249	$	801	$	647

SCHEDULE OF WEIGHTED AVERAGE ASSUMPTIONS

Stock price	$	4.75
Exercise price	$	4.75
Dividend yield		0	%
Expected volatility		77	%
Risk-free interest rate		4.12	%
Expected life (in years)		6.00

SCHEDULE OF STOCK OPTIONS AWARDS

The following table summarizes stock options awards through September 30, 2024:

				Weighted
	Stock Option			Average
	Awards			Exercise
	(in shares)			Price
Outstanding at January 1, 2024		846,875			8.20
Granted		5,000			4.75
Forfeited		(13,750	)		7.94
Outstanding at September 30, 2024		838,125		$	8.18

SCHEDULE OF OUTSTANDING AND EXERCISABLE OPTIONS RANGES OF EXERCISE PRICES

The following table summarizes information about the outstanding and exercisable options at September 30, 2024 by ranges of exercise prices:

		Options Outstanding								Options Exercisable
				Weighted		Weighted						Weighted
				Average		Average						Average
Exercise		Number		Remaining		Exercise		Intrinsic		Number		Exercise		Intrinsic
Price Range		Outstanding		Contractual		Price		Value		Exercisable		Price		Value
$	4.00-7.00		459,625		7.1	$	4.55	$	-		294,125	$	6.07	$	-
$	7.01-10.00		20,000		3.6	$	8.07	$	-		20,000	$	8.07	$	-
$	10.01-13.00		130,000		2.9	$	10.62	$	-		122,500	$	10.55	$	-
$	13.01-16.00		228,500		8.5	$	14.11	$	-		57,125	$	14.11	$	-