Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

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STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
SCHEDULE 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 nine months ended September 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     200,000       -       46,000  
Vested     (448,727 )     -       (14,000 )
Forfeited     (224,699 )     -       (24,000 )
Outstanding and unvested shares at September 30, 2024     280,069       -       65,199  
                         
Outstanding and unvested shares at January 1, 2023     645,475       -       80,462  
Granted     1,056,453       -       62,000  
Vested     (843,950 )     -       (75,263 )
Forfeited     (58,388 )     -       -  
Outstanding and unvested shares at September 30, 2023     799,590       -       67,199  
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 nine months ended September 30, 2024 and 2023:

 

    2024     2023     2024     2023  
    Three Months Ended September 30,     Nine Months Ended September 30,  
    2024     2023     2024     2023  
    ($ in thousands)  
Direct operating costs   $ 3     $ 271     $ (40 )   $ 659  
General and administrative     229       771       (199 )     2,225  
Research and development     4       26       (10 )     105  
Selling and marketing     16       141       58       794  
Total stock-based compensation expense (benefit)   $ 252     $ 1,209     $ (191 )   $ 3,783