SHARE-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

SCHEDULE OF STOCK OPTION ACTIVITY

A summary of the stock option activity for the three-month periods ended March 31, 2024 and 2023 is as follows:

	Number of Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at January 1, 2023		871,250		$	4.67		5.6 years
Forfeited		(25,000	)	$	6.00
Outstanding at March 31, 2023		846,250		$	4.63		5.5 years	$	-
Exercisable at March 31, 2023		736,875		$	4.43		5.2 years	$	-
Outstanding at January 1, 2024		846,250		$	4.63		4.8 years	$	-
Outstanding at March 31, 2024		846,250		$	4.63		4.5 years	$	-
Exercisable at March 31, 2024		799,375		$	4.55		4.4 years	$	-

SCHEDULE OF ACTIVITY OF UNVESTED RESTRICTED STOCK AWARDS

	Weighted-
	Number of			Weighted-
	Restricted			Average
	Stock			Grant Date
	Awards			Fair Value
Nonvested at January 1, 2024		46,073		$	1.05
Granted		136,427		$	1.05
Vested		(34,574	)	$	1.05
Nonvested at March 31, 2024		147,926

	Weighted-
	Number of			Weighted-
	Restricted			Average
	Stock			Grant Date
	Awards			Fair Value
Nonvested at January 1, 2023		23,000		$	2.37
Granted		96,647		$	2.37
Vested		(16,250	)	$	2.37
Nonvested at March 31, 2023		103,397		$	2.37