STOCKHOLDERS’ EQUITY (Tables)

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

SCHEDULE OF WARRANTS ACTIVITY

The following table summarizes information about warrants granted during the years ended December 31:

	2022				2021
	Number of Warrants		Weighted Average Exercise Price		Number of Warrants		Weighted Average Exercise Price
Balance, beginning of year		1,378,929	$	7.40		1,366,667	$	7.19
Warrants granted		112,805		6.59		171,429		7.70
Warrants expired		10,000		8.00		40,000		10.00
Warrants exercised		-				119,167		6.99
Balance, end of year		1,481,734		7.34		1,378,929		7.40
Exercisable warrants		1,424,234	$	7.38		1,295,596	$	6.38

SCHEDULE OF OUTSTANDING WARRANTS

Outstanding warrants as of December 31, 2022 are as follows:

	Weighted Average				Weighted				Weighted
Range of	Residual Life				Average				Average
Exercise	Span		Outstanding		Exercise		Exercisable		Exercise
Prices	(in years)		Warrants		Price		Warrants		Price
5.91		4.33		40,000	$	5.91		5,000	$	5.91
6.95		4.23		42,805		6.95		42,805		6.95
7.00		2.62		847,500		7.00		855,000		7.00
7.50		3.68		250,000		7.50		250,000		7.50
7.70		3.52		171,429		7.70		171,429		7.70
10.00		0.39		100,000		10.00		100,000		10.00
5.91 to 10.00		2.41		1,481,734	$	7.34		1,424,234	$	7.38

SCHEDULE OF WARRANTS OUTSTANDING, EXPIRY DATE AND EXERCISE PRICES

Warrants outstanding have the following expiry date and exercise prices as of the years ended December 31:

	Exercise
Expiry Date	Prices		2022		2021
February 27, 2022		8.00		-		10,000
May 18, 2023		10.00		50,000		50,000
October 14, 2023		10.00		50,000		50,000
October 06, 2024		7.00		847,500		847,500
September 01, 2025		7.50		83,334		83,334
June 04, 2026		7.50		83,333		83,333
July 7, 2026		7.70		171,429		171,429
December 04, 2027		7.50		83,333		83,333
March 25, 2027		6.95		42,805		-
May 1, 2027		7.00		30,000		-
May 1, 2027		5.91		40,000		-
				1,481,734		1,378,929

SCHEDULE OF STOCK OPTIONS GRANTED

	2022				2021
	Number of Stock Options		Weighted Average Exercise Price		Number of Stock Options		Weighted Average Exercise Price
Balance, beginning of year		1,559,300	$	4.58		1,811,550	$	4.32
Stock options granted		841,500		-		-		-
Stock options expired		-		-		28,750		-
Stock options cancelled, forfeited		9,000		-		-		-
Stock options exercised		201,217		-		223,500		-
Balance, end of year		2,190,583		5.00		1,559,300		4.58
Exercisable stock options		1,420,312	$	4.96		1,065,133	$	4.56

SCHEDULE OF STOCK OPTIONS, EXPIRY DATE AND EXERCISE PRICES

Stock options outstanding at the end of the year have the following expiry date and exercise prices as of December 31,

	Exercise
Expiry Date	Prices		2022		2021
February 17, 2022		1.50		-		38,017
February 17, 2022		1.80		-		76,033
February 28, 2023		5.00		20,000		20,000
March 05, 2023		2.40		242,000		247,000
July 31, 2023		5.00		127,500		127,500
October 31, 2023		4.40		10,000		54,000
November 30, 2023		5.40		120,250		131,750
November 20, 2024		10.00		125,000		125,000
April 20, 2025		4.20		10,000		10,000
March 1, 2027		5.14		648,500		-
March 1, 2027		5.65		140,000		-
May 1, 2027		5.90		30,000		-
October 31, 2027		5.98		19,000		-
September 30, 2030		4.40		318,333		350,000
September 30, 2030		4.84		380,000		380,000
				2,190,583		1,559,300

SCHEDULE OF STOCK COMPENSATION EXPENSE

We recorded stock compensation expense relating to the vesting of stock options and warrants as follows for the years ended December 31,

	2022		2021
In thousands
Stock compensation	$	1,321	$	951
Stock Option vesting		1,852		1,600
Total	$	3,173	$	2,551