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SHARE-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF SHARE-BASED COMPENSATION EXPENSE

The following table summarizes the amount of share-based compensation expense by line item on the statements of operations:

 

(in thousands)  2024   2023 
  Three Months Ended 
Share-based compensation expense  March 31, 
(in thousands)  2024   2023 
Research and development expense  $1,344   $757 
Sales, marketing, general and administrative expense   2,399    2,192 
Total Share-based compensation expense  $3,743   $2,949 
SCHEDULE OF OPTIONS ACTIVITY AND POSITIONS

The following table summarizes shares, weighted-average exercise price, weighted-average remaining contractual term and aggregate intrinsic value of options outstanding and options exercisable as of March 31, 2024:

 

           Weighted-     
       Weighted-   Average     
       Average   Remaining   Aggregate 
       Exercise   Contractual   Intrinsic 
Options  Shares   Price   Term (years)   Value 
Outstanding as of March 31, 2024   668,000   $1.42    4.3   $412 
                     
Exercisable as of March 31, 2024   668,000   $1.42    4.3   $412 
SCHEDULE OF ACTIVITY AND POSITIONS WITH RESPECT TO RSUs AND PSUs

The following table summarizes activity and positions with respect to RSUs and PSUs for the three months ended March 31, 2024 (in thousands, except per share data):

 

       Weighted-average 
   Shares   price 
Unvested as of December 31, 2023   9,983   $3.09 
Granted   34    2.35 
Vested   (802)   6.12 
Forfeited   -    - 
Unvested as of March 31, 2024   9,215   $2.81