Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

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STOCK-BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 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 A&R Plan for the three months ended March 31, 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     -       -       34,000  
Vested     (326,501 )     -       (14,000 )
Forfeited     (217,115 )     -       (24,000 )
Outstanding and unvested shares at March 31, 2024     209,879       -       53,199  
                         
Outstanding and unvested shares at January 1, 2023     645,475       -       80,462  
Granted     546,851       -       62,000  
Vested     (498,660 )     -       (57,263 )
Forfeited     (19,975 )     -       -  
Outstanding and unvested shares at March 31, 2023     673,691       -       85,199  
SCHEDULE OF EMPLOYEE SERVICE SHARE-BASED COMPENSATION, ALLOCATION OF RECOGNIZED PERIOD COSTS

The following table summarizes the components of share-based compensation (benefit) expense for the three months ended March 31, 2024 and 2023:

 

    2024     2023  
    Three Months Ended March 31,  
    2024     2023  
    ($ in thousands)  
Direct operating costs   $ (45 )   $ 88  
General and administrative     (696 )     605  
Research and development     54       37  
Selling and marketing     (21 )     342  
Total stock-based compensation (benefit) expense   $ (708 )   $ 1,072