Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

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STOCK-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
DISCLOSURE OF SHARE-BASED COMPENSATION ARRANGEMENTS BY SHARE-BASED PAYMENT AWARD

The following table summarizes the RSU transactions related to the common and preferred stock under the Company’s equity incentive plan for the six months ended June 30, 2024 and 2023:

  

    Common Stock     Series A
Preferred Stock		     Series B
Preferred Stock		  
Outstanding and unvested shares at January 1, 2024     753,495       -       57,199  
Granted     50,000       -       46,000  
Vested     (366,214 )     -       (14,000 )
Forfeited     (224,032 )     -       (24,000 )
Outstanding and unvested shares at June 30, 2024     213,249       -       65,199  
                         
Outstanding and unvested shares at January 1, 2023     645,475       -       80,462  
Granted     553,191       -       62,000  
Vested     (520,770 )     -       (66,263 )
Forfeited     (29,744 )     -       -  
Outstanding and unvested shares at June 30, 2023     648,152       -       76,199  
SCHEDULE OF EMPLOYEE SERVICE SHARE-BASED COMPENSATION, ALLOCATION OF RECOGNIZED PERIOD COSTS

The following table summarizes the components of share-based compensation expense (benefit) for the three and six months ended June 30, 2024 and 2023:

 

    2024     2023     2024     2023  
    Three Months Ended June 30,     Six Months Ended June 30,  
    2024     2023     2024     2023  
    ($ in thousands)  
Direct operating costs   $ 2     $ 300     $ (43 )   $ 388  
General and administrative     268       848       (428 )     1,453  
Research and development     (68 )     42       (14 )     79  
Selling and marketing     63       312       42       654  
Total stock-based compensation expense (benefit)   $ 265     $ 1,502     $ (443 )   $ 2,574