Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Based Compensation

	2023		2022
Cost of revenue	$	120	$	34
Research and development		159		57
Selling		94		27
General and administrative		535		317
Total stock-based compensation expense	$	908	$	435

Schedule of Weighted Average Assumptions

Stock price	$	14.02
Exercise price	$	14.02
Dividend yield		0	%
Expected volatility		72	%
Risk-free interest rate		3.39	%
Expected life (in years)		6.00

Schedule of Stock Options Awards

The following table summarizes stock options awards for the years ended December 31, 2023 and 2022:

	Awards (in Shares)			Weighted Average Exercise Price
Outstanding at December 31, 2021		618,500		$	11.26
Granted		198,500			5.04
Expired / cancelled		(144,000	)		11.72
Exercised		-			-
Outstanding at December 31, 2022		673,000			5.70
Granted		254,000			14.02
Expired / cancelled		(44,500	)		6.57
Exercised		(35,625	)		4.53
Outstanding at December 31, 2023		846,875			8.20

Schedule of Outstanding and Exercisable Options Ranges of Exercise Prices

The following table summarizes information about the outstanding and exercisable options at December 31, 2023:

	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		463,375		7.9	$	4.55	$	76,655		195,375	$	4.47	$	37,064
$ 7.01-10.00		20,000		4.3	$	8.07	$	-		20,000	$	8.07	$	-
$ 10.01-13.00		130,000		4.0	$	11.51	$	-		120,000	$	10.52	$	-
$ 13.01-16.00		233,500		9.2	$	14.11	$	-		-	$	-	$	-

Schedule of Restricted Stock Awards

The following table summarizes restricted stock awards for the years ended December 31, 2023 and 2022:

				Weighted
				Average Grant
	Shares of			Date Fair
	Restricted Stock			Value
Unvested outstanding at January 1, 2022		-		$	-
Granted		32,000			5.02
Vested		(32,000	)		5.02
Forfeited or cancelled		-			-
Unvested outstanding at December 31, 2022		-			-
Granted		41,320			6.65
Vested		(24,187	)		6.81
Forfeited or cancelled		-			-
Unvested outstanding at December 31, 2023		17,133		$	6.53