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EMPLOYEE SHARE BASED COMPENSATION AND BENEFIT PLANS (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]    
SCHEDULE OF ACTIVITY RELATED TO SHARES AVAILABLE FOR GRANT UNDER THE 2000 PLAN AND 2010 PLAN

The following table summarizes stock option activity for the 2010 Plan during the nine months ended September 30, 2024.

 

 

      
Options outstanding at December 31, 2023   245,154 
Options forfeited or expired   (199,794)
Options outstanding at September 30, 2024   45,360 

The activity related to shares available for grant under the 2010 Plan and the 2019 Plan for the years ended December 31, 2023 and 2022 was as follows:

 

   2010 Stock Option Plan   2019 Stock Option Plan   Total 
Shares available at December 31, 2021   -    248,613    248,613 
Shares added to the plan   -    -    - 
Options forfeited   2,650    198,625    201,275 
Options granted   -    (174,175)   (174,175)
Restricted stock units forfeited   -    346    346 
Restricted stock units granted   -    (29,223)   (29,223)
Shares expired   (2,650)   (5,754)   (8,404)
Shares available at December 31, 2022   -    238,432    238,432 
Shares added to the plan   -    333,333    333,333 
Options forfeited   41,950    250,859    292,809 
Options granted   -    (397,503)   (397,503)
Restricted stock units forfeited   -    -    - 
Restricted stock units granted   -    (259,161)   (259,161)
Shares expired   (41,950)   (99)   (42,049)
Shares available at December 31, 2023   -    165,861    165,861 
SCHEDULE OF STOCK OPTION ACTIVITY UNDER 2010 PLAN AND 2019 PLAN  

The stock option activity under the 2010 Plan and the 2019 Plan for the years ended December 31, 2023 and 2022 was as follows:

 

   Number of Shares   Weighted Average Exercise Price   Aggregate Intrinsic Value   Weighted Average Remaining Contractual Term 
Options outstanding at December 31, 2021   683,861   $44.40   $3,797,181    7.44 
Granted   174,175    14.17           
Exercised   (1,533)   8.13           
Forfeited   (201,275)   68.12           
Options outstanding at December 31, 2022   655,228    29.25   $-    6.06 
Granted   397,503    6.57           
Exercised   -    -           
Forfeited   (292,809)   28.90           
Options outstanding at December 31, 2023   759,922   $17.48   $113,929    5.37 
                     
Shares exercisable:                    
December 31, 2023   452,606   $22.57   $33,073    3.03 
Shares expected to vest:                    
December 31, 2023   201,328   $10.31   $41,992    8.45 
SCHEDULE OF ASSUMPTIONS USED TO CALCULATE FAIR VALUE OF OPTIONS GRANTED UNDER 2010 PLAN  

 

   December 31, 2023   December 31, 2022 
Dividend yield   -%   -%
Volatility   138.3%   92.7%
Risk-free interest rate   4.45%   2.45%
Expected lives (years)   2.00    2.00 
Weighted average fair value  $4.160   $7.350 
SCHEDULE OF ALLOCATION OF EMPLOYEE STOCK-BASED COMPENSATION EXPENSE BY FUNCTIONAL AREA

 

                 
   Three Months Ended   Nine Months Ended 
   September 30,   September 30, 
(in thousands)  2024   2023   2024   2023 
Cost of revenue  $6   $7   $32   $26 
Research and development  $46   $65    136   $224 
Sales and marketing  $95   $(105)   139   $19 
General and administrative  $232   $451    556   $1,033 
Total  $379   $418   $863   $1,302 

The non-cash stock-based compensation expense included in cost of revenue and operating expenses by functional area for the years ended December 31, 2023 and 2022 was as follows:

 

   Year Ended 
   December 31, 
(in thousands)  2023   2022 
Cost of revenue  $33   $76 
Research and development   325    177 
Sales and marketing   47    354 
General and administrative   1,319    1,807 
Total  $1,724   $2,414