STOCKHOLDERS’ EQUITY (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

SCHEDULE OF WARRANTS ACTIVITY

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

	2023					2022
	Number of Warrants			Weighted Average Exercise Price		Number of Warrants			Weighted Average Exercise Price
Balance, beginning of year		1,481,734		$	7.34		1,378,929		$	7.40
Warrants granted		225,000			1.00		112,805			6.59
Warrants expired		(100,000	)		10.00		(10,000	)		8.00
Warrants exercised		-			-		-			-
Balance, end of year		1,606,734			6.28		1,481,734			7.34
Exercisable warrants		1,359,234		$	7.16		1,424,234		$	7.38

SCHEDULE OF OUTSTANDING WARRANTS

Outstanding warrants as of December 31, 2023 are as follows:

Range of Exercise Prices		Weighted Average Residual Life Span (in years)		Outstanding Warrants		Weighted Average Exercise Price		Exercisable Warrants		Weighted Average Exercise Price
	1.00		4.78		225,000	$	1.00		-	$	1.00
	5.91		3.33		40,000		5.91		25,000		5.91
	6.95		3.23		42,805		6.95		42,805		6.95
	7.00		1.62		877,500		7.00		870,000		7.00
	7.50		2.68		250,000		7.50		250,000		7.50
	7.70		3.52		171,429		7.70		171,429		7.70
	1.00 to 10.00		2.68		1,606,734	$	6.28		1,359,234	$	7.16

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:

Expiry Date	Exercise Prices		2023		2022
May 18, 2023		10.00		-		50,000
October 14, 2023		10.00		-		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		42,805
May 1, 2027		7.00		30,000		30,000
May 1, 2027		5.91		40,000		40,000
October 11, 2028		1.00		225,000		-
				1,606,734		1,481,734

SCHEDULE OF STOCK OPTIONS GRANTED

	2023					2022
	Number of Stock  Options			Weighted Average Exercise Price		Number of Stock  Options			Weighted Average Exercise Price
Balance, beginning of year		2,190,583		$	5.00		1,559,300		$	4.58
Stock options granted		-			-		841,500			-
Stock options expired		(287,750	)		-		-			-
Stock options cancelled, forfeited		(208,574	)		-		(9,000	)		-
Stock options exercised		(235,426	)		-		(201,217	)		-
Balance, end of year		1,458,833			4.97		2,190,583			5.00
Exercisable stock options		1,354,896		$	4.94		1,420,312		$	4.96

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,

Expiry Date	Exercise Prices		2023		2022
February 28, 2023		5.00				20,000
March 05, 2023		2.40				242,000
July 31, 2023		5.00				127,500
October 31, 2023		4.40				10,000
November 30, 2023		5.40				120,250
November 20, 2024		10.00				125,000
April 20, 2025		4.20		10,000		10,000
March 1, 2027		5.14		563,500		648,500
March 1, 2027		5.65		140,000		140,000
May 1, 2027		5.90		30,000		30,000
October 31, 2027		5.98		17,000		19,000
September 30, 2030		4.40		318,333		318,333
September 30, 2030		4.84		380,000		380,000
				1,458,833		2,190,583

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,

	2023		2022
In thousands
Stock Compensation	$	273	$	1,321
Stock Option vesting		1,682		1,852
Total	$	1,955	$	3,173