Vislink (VISL) 10-Q 16 May 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	May 13, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	001-35988
Entity Registrant Name	Vislink Technologies, Inc.
Entity Central Index Key	0001565228
Entity Tax Identification Number	20-5856795
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	350 Clark Drive
Entity Address, Address Line Two	Suite 125
Entity Address, City or Town	Mt. Olive
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07828
City Area Code	(941)
Local Phone Number	953-9035
Title of 12(b) Security	Common stock par value $0.00001 per share
Trading Symbol	VISL
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		45,825,089

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Current assets
Cash	$ 31,023,000	$ 36,231,000
Accounts receivable, net	9,436,000	9,069,000
Inventories, net	13,764,000	11,894,000
Prepaid expenses and other current assets	2,060,000	2,470,000
Total current assets	56,283,000	59,664,000
Right of use assets, operating leases	1,312,000	1,362,000
Property and equipment, net	1,336,000	1,173,000
Intangible assets, net	5,514,000	5,921,000
Total assets	64,445,000	68,120,000
Current liabilities
Accounts payable	2,835,000	3,075,000
Accrued expenses	2,791,000	3,155,000
Notes payable		99,000
Operating lease obligations, current	446,000	560,000
Customer deposits and deferred revenue	1,608,000	2,113,000
Total current liabilities	7,680,000	9,002,000
Operating lease obligations, net of current portion	1,494,000	1,507,000
Deferred tax liabilities	926,000	978,000
Total liabilities	10,100,000	11,487,000
Commitments and contingencies (See Note 10)
Stockholders’ equity
Preferred stock – $0.00001 par value per share: 10,000,000 shares authorized on March 31, 2022, and December 31, 2021; -0- shares issued and outstanding as of March 31, 2022, and December 31, 2021, respectively
Common stock, – $0.00001 par value per share, 100,000,000 shares authorized, 45,825,089 shares issued and outstanding at March 31, 2022, and December 31, 2021, respectively
Additional paid-in capital	344,493,000	343,746,000
Accumulated other comprehensive loss	(565,000)	(297,000)
Treasury stock, at cost – 2,659 shares as of March 31, 2022, and December 31, 2021, respectively	(277,000)	(277,000)
Accumulated deficit	(289,306,000)	(286,539,000)
Total stockholders’ equity	54,345,000	56,633,000
Total liabilities and stockholders’ equity	$ 64,445,000	$ 68,120,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares, issued	45,825,089	45,825,089
Common stock, shares, outstanding	45,825,089	45,825,089
Treasury stock, shares	2,659	2,659

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) shares in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Revenue, net	$ 7,154,000	$ 4,090,000
Cost of revenue and operating expenses
Cost of components and personnel	3,423,000	2,207,000
Inventory valuation adjustments	96,000	152,000
General and administrative expenses	4,910,000	3,647,000
Research and development expenses	1,118,000	602,000
Amortization and depreciation	457,000	261,000
Total cost of revenue and operating expenses	10,004,000	6,869,000
Loss from operations	(2,850,000)	(2,779,000)
Other income (expense)
Changes in fair value of derivative liabilities		(78,000)
Gain on settlement of debt		194,000
Other income	32,000	1,000
Interest expense, net		(5,000)
Total other income (expense)	32,000	112,000
Net loss before income taxes	(2,818,000)	(2,667,000)
Income taxes
Deferred tax benefits	51,000
Net loss	$ (2,767,000)	$ (2,667,000)
Basic and diluted loss per share	$ (0.06)	$ (0.07)
Weighted average number of shares outstanding:
Basic and diluted	45,822	36,591
Comprehensive loss:
Net loss	$ (2,767,000)	$ (2,667,000)
Unrealized loss on currency translation adjustment	(268,000)	(43,000)
Comprehensive loss	$ (3,035,000)	$ (2,710,000)

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2020			$ 280,273	$ 148	$ (277)	$ (270,147)	$ 9,997
Balance, shares at Dec. 31, 2020		21,382,290
Net loss						(2,667)	(2,667)
Unrealized loss on currency translation adjustment				(43)			(43)
Stock-based compensation			40				40
Issuance of common stock in connection with:
Underwriting equity raise, net of offering costs			59,091				59,091
Underwriting equity raise, net of offering costs, shares		24,261,418
Exercise of common stock warrants			2				2
Exercise of common stock warrants, shares		2,291
Exercise of cashless common stock warrants
Exercise of cashless common stock warrants, shares		6,250
Warrants issued in a settlement agreement			74				74
Ending balance, value at Mar. 31, 2021			339,480	105	(277)	(272,814)	66,494
Balance, shares at Mar. 31, 2021		45,652,249
Beginning balance, value at Dec. 31, 2021			343,746	(297)	(277)	(286,539)	56,633
Balance, shares at Dec. 31, 2021		45,825,089
Net loss						(2,767)	(2,767)
Unrealized loss on currency translation adjustment				(268)			(268)
Stock-based compensation			747				747
Ending balance, value at Mar. 31, 2022			$ 344,493	$ (565)	$ (277)	$ (289,306)	$ 54,345
Balance, shares at Mar. 31, 2022		45,825,089

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows used in operating activities
Net loss	$ (2,767)	$ (2,667)
Adjustments to reconcile net loss to net cash used in operating activities
Gain on settlement of debt		(194)
Deferred tax benefits	(51)
Stock-based compensation	747	40
Stock issuance commitments		50
Warrants issued in a settlement agreement		74
Provision for bad debt	6	45
Recovery of bad debt	(56)	(34)
Inventory valuation adjustments	96	152
Amortization of right of use assets, operating assets	52	54
Depreciation and amortization	457	261
Change in fair value of derivative liabilities		78
Changes in assets and liabilities
Accounts receivable	(408)	1,154
Inventory	(2,208)	(2,395)
Prepaid expenses and other current assets	383	(446)
Accounts payable	(184)	(1,109)
Accrued expenses and interest expense	(333)	(136)
Operating lease liabilities	(127)	(98)
Deferred revenue and customer deposits	(486)	827
Net cash used in operating activities	(4,879)	(4,344)
Cash flows used in investing activities
Cash used in for property and equipment	(209)	(46)
Net cash used in investing activities	(209)	(46)
Cash flows provided in financing activities
Proceeds received from equity financings		62,663
Costs incurred in connection with equity financing		(3,572)
Proceeds from the exercise of common stock warrants		2
Principal payments made on notes payable	(99)	(25)
Net cash (used in) provided by financing activities	(99)	59,068
Effect of exchange rate changes on cash	(21)	9
Net (decrease) increase in cash	(5,208)	54,687
Cash, beginning of period	36,231	5,190
Cash, end of period	31,023	59,877
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	1	5
Common stock warrants issued in connection with:
Settlement of debt		74
ROU assets and operating lease obligations recognized (Note 6):
Operating lease assets recognized
Less: non-cash changes to operating lease assets
amortization	(52)	(54)
ROU assets and operating lease obligations recognized	(52)	(54)
Operating lease liabilities recognized
Less: non-cash changes to operating lease liabilities
accretion	(127)	(98)
Operating lease liabilities recognized	$ (127)	$ (98)

ORGANIZATION AND SUMMARY OF SIG

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 — ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations Vislink, incorporated in Delaware in 2006, is a global technology business specializing in collecting, delivering, and managing high-quality, live video and associated data from the action scene to the viewing screen. Vislink provides solutions for collecting live news, sports, and entertainment events for the broadcast markets. Vislink also furnishes the surveillance and defense markets with real-time video intelligence solutions using various tailored transmission products. The Vislink team also provides professional and technical services utilizing a staff of technology experts with decades of applied knowledge and real-world experience in the terrestrial microwave, satellite, fiber optic, surveillance, and wireless communications systems delivering a broad spectrum of customer solutions. Live Broadcast: Industry-wide contributors acknowledge Vislink’s live broadcast solutions. The transmission of a vast majority of all outside wireless broadcast video content uses our equipment, with over 200,000 systems installed worldwide. We work closely with the majority of the world’s broadcasters. Vislink wireless cameras and ultra-compact encoders help bring many of the world’s most prestigious sporting and entertainment events to life. Recent examples include globally watched international sporting contests, award shows, racing events, and annual music and cultural events. Military And Government: Satellite Communications Over 30 years of technical expertise supports Vislink’s satellite solutions. These solutions ensure robust, secure communications while delivering low transmission costs for any organization that needs high-quality, reliable satellite transmission. We offer turnkey solutions that begin with state-of-the-art coding, compression, and engine modulation and end with our robust, lightweight antenna systems. Vislink Satellite solutions focus heavily on being the smallest, lightest, and most efficient in their categories, making transportation and ease of use a key driver in the customer experience. Vislink offers an extensive range of satellite designs that allow customers to optimize bit rate, size, weight, and total cost. Our satellite systems are used extensively globally, with over 2,000 systems deployed by governments, militaries, and broadcasters. Connected Edge Solutions: ● Live video encoding, stream adaptation, decode, and production solutions ● Remote production workflows ● Wireless cameras ● AI-driven automated production ● Ability to contribute video over: ● Bonded cellular (3G and 4G) ● Satellite ● Fiber ● Emerging networks, including 5G and Starlink VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 1 — ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Basis of Presentation The accompanying unaudited condensed consolidated financial statements are prepared under the United States generally accepted accounting principles (“US GAAP”) for interim financial information and following Form 10-Q and Regulation S-X instructions. Accordingly, these financial statements do not include all information or notes required by GAAP for annual financial statements. Read these financial statements in conjunction with the consolidated financial statements filed on the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the United States Securities and Exchange Commission (the “SEC”) on March 31, 2022, as amended on May 2, 2022. In the opinion of management, the unaudited condensed consolidated financial statements included herein contain all adjustments necessary to present the Company’s consolidated financial position as of March 31, 2022, the results of its operations, and cash flow for the three months ended March 31, 2022, and 2021. Such adjustments are of a routine recurring nature. The results of operations for the three months ended March 31, 2022, may not indicate results for an entire year, any other interim period, or any future year period. Principles of Consolidation The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America or (“U.S. GAAP”) as found in the Accounting Standards Codification (“ASC”), the Accounting Standards Update (“ASU”) of the Financial Accounting Standards Board (“FASB”) and the rules and regulations of the US Securities and Exchange Commission (the “SEC”). The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. We have eliminated all intercompany accounts and transactions upon the consolidation of our subsidiaries. Segment Reporting The Company identifies operating segments as components of an enterprise about which separate discrete financial information is available for evaluation by the operating decision-makers, or decision-making group, in deciding how to allocate resources and assess performance. The Company’s decision-making group is the senior executive management team. The Company and the decision-making group view the Company’s operations and manage its business as one operating segment with different product offerings. All long-lived assets of the Company reside in the U.S., the U.K., and the Netherlands. Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements. These estimates also affect the reported amounts of revenues and expenses during the reporting periods. Significant accounting estimates reflected in the Company’s consolidated financial statements include the useful lives of property, plant, and equipment, the useful lives of right-of-use assets, the useful lives of intangible assets, impairment of long-lived assets, allowance for accounts receivable doubtful accounts, allowance for inventory obsolescence reserve, allowance for deferred tax assets, valuation of warranty reserves, contingent consideration liabilities, and the accrual of potential liabilities. Actual results could differ from estimates, and any such differences may be material to our financial statements. Risks and Uncertainties The future impacts of the Russia-Ukraine war, the novel coronavirus (“COVID-19”) pandemic, and their residual effects including economic uncertainty, an inflationary environment, disruptions within the global supply chain, and labor markets within worldwide industries remain uncertain. These circumstances have created prevalent uncertainty and risk. Although capital markets and economies worldwide improved during the fourth quarter of 2021 and the first quarter of 2022, from the initial negative impacts of the COVID-19 pandemic, there remains uncertainty around the strength and timing of global economic recoveries, which could cause a local or global economic recession considering the worldwide impact of the Russian-Ukrainian conflict as well. Such economic disruption could have a material adverse effect on our business. Although we do not presently foresee risks that may impact our company’s liquidity, operating results, and financial reporting, we monitor the circumstances mentioned above to assess direct material adverse effects on our business, financial condition, or results of operations. Therefore, accounting estimates and assumptions may change over time in response to these impacts. Interim period results are not necessarily indicative of the expected results for the full fiscal year. VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 1 — ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Inventories Inventories consist of raw materials, work-in-process, and finished goods and are recorded at the lower of cost, on a first-in, first-out basis, or net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable completion, disposal, and transportation costs. The Company evaluates inventory balances and either write down obsolete inventory or records a reserve for slow-moving or excess inventory based on net realizable value analysis. Revenue Recognition We account for the Company’s operating results under ASC Topic 606, adopted on January 1, 2019. It is a comprehensive revenue recognition model that requires recognition when the Company transfers control of the promised goods or services to our customers at an amount that reflects the consideration that we expect to receive. The application of ASC Topic 606 requires us to use more judgment and make more estimates than under previously issued guidance. The Company generates all its revenue from contracts with customers. The Company recognizes revenue when we satisfy a performance obligation by transferring control of the promised goods or services to a customer in an amount that reflects the consideration that we expect to receive in exchange for those services. The Company determines revenue recognition through the following steps: 1. Identification of the contract, or contracts, with a customer. 2. Identification of the performance obligations in the contract. 3. Determination of the transaction price. 4. Allocation of the transaction price to the performance obligations in the contract; and 5. Recognition of revenue, when, or as, we satisfy a performance obligation. At contract inception, the Company assesses the goods and services promised in our contracts with customers and identifies a performance obligation for each. To determine the performance obligations, the Company considers all the products and services promised in the contract regardless of whether they are explicitly stated or implied by customary business practices. The timing of satisfaction of the performance obligation is not subject to significant judgment. We measure revenue as the amount of consideration we expect to receive in exchange for transferring goods and services. The value-added sales taxes and other charges we collect concurrent with revenue-producing activities are excluded from income. Remaining Performance Obligations The remaining performance obligations, or backlog, represent the aggregate amount of the transaction price allocated to the remaining obligations that the Company has not performed under its customer contracts. The Company has elected to use the optional exemption in ASC 606-10-50-14, which exempts an entity from such disclosures if a performance obligation is part of a contract with an original expected duration of one year or less. VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 1 — ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Intangible Assets Patents and licenses Patents and licenses, measured initially at purchase cost, are included in intangible assets on the Company’s balance sheet and are amortized on a straight-line basis over their estimated useful lives of 18.5 20 Other intangible assets: The Company’s remaining intangible assets include the trade names, technology, and customer lists acquired in its acquisition of Integrated Microwave Technologies (“IMT”), Vislink, and Mobile Viewpoint Corporate B.V. (“MVP”). A third-party appraiser determined the value of these acquired assets for these business combinations. Absent an indication of fair value from a potential buyer or similar specific transactions, we have determined that using the methods employed provided a reasonable estimate in reporting the values assigned. The Company amortizes intangible asset costs over their useful lives of 3 15 Leases The Company determines if an arrangement is a lease at inception. The Company recognizes lease expense for lease payments on a straight-line basis over the lease term. The Company includes operating leases as “Right of use assets, operating leases” (“ROU”) in the consolidated balance sheets. For lease liabilities, operating lease liabilities are included in “Operating lease obligations, current” and “Operating lease liabilities, net of current portion” in the consolidated balance sheets. The Company recognizes operating lease ROU assets and liabilities on the commencement date based on the present value of lease payments for all leases with a term longer than 12 months. There is no separation of lease and non-lease components for all our real estate contracts. The ROU assets and related lease liabilities recorded under ASC 842 are calculated based on the present value of the lease payments using (1) the rate implicit in the lease or (2) the lessee’s incremental borrowing rate (“IBR”), defined as the rate of interest that a lessee would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a comparable economic environment. As most of our leases do not provide an implicit rate, we generally use our incremental borrowing rates based on an analysis of prior collateralized borrowings over similar terms of the lease payments at the commencement date to estimate the IBR under ASC 842. There were no capital leases, which are now titled “finance leases” under ASC 842, in the Company’s lease portfolio as of March 31, 2022. Stock-Based Compensation The Company accounts for stock compensation with persons classified as employees for accounting purposes under ASC 718 “Compensation-Stock Compensation,” which recognizes awards at fair value on the date of grant and recognition of compensation over the service period for awards expected to vest. The fair value of stock options is determined using the Black-Scholes Option Pricing Model, and the fair value of common stock issued for services is determined based on the Company’s stock price on the issuance date. The expansion of Topic 718 fell under ASU 2018-07 to include share-based payment transactions for acquiring goods and services from nonemployees. The measurement date for equity-classified nonemployee share-based payment awards is no longer at the earlier date at which a commitment for performance by the counterparty is reached or the date at which the counterparty’s performance is complete. Instead, the grant date is now considered the measurement date. Under today’s guidance, the measurement of nonemployee share-based payment awards with performance conditions is at the lowest aggregate fair value, often resulting in a zero value. The new ASU aligns the accounting for nonemployee share-based payment awards with performance conditions with accounting for employee share-based payment awards under Topic 718 by requiring entities to consider the probability of satisfying performance conditions. Current guidance requires entities to use the contractual term to measure the nonemployee share-based payment awards. The new ASU allows entities to make an award-by-award election to use the expected duration (consistent with employee share-based payment awards) or the contractual term for nonemployee awards. VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 1 — ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Stock-Based Compensation (continued) Stock-Option Awards — Time-based and performance-based: The Company has not paid dividends on its common stock, and no assumption of dividend payment(s) is made in the model. For employee equity-classified awards, compensation cost is recognized over the employee’s requisite service period with a corresponding credit to additional paid-in capital. The employee’s requisite service period begins at the service inception date and ends when the requisite service has been provided. Restricted Stock Unit Awards (“RSUs”) — Time Based: Restricted Stock Unit Awards (“RSUs”) — Performance-Based: Loss Per Share The Company reports loss per share under ASC Topic 260, “Earnings Per Share,” which establishes standards for computing and presenting earnings per share. The basic loss per share calculation divides the net loss allocable to common stockholders by the weighted-average shares of common stock outstanding during the period, without considering common stock equivalents. The diluted loss per share calculation is calculated by adjusting the weighted-average shares of common stock outstanding for the dilutive effect of common stock equivalents, including stock options and warrants, outstanding for the period as determined using the treasury stock method. For the diluted net loss per share calculation, common stock equivalents are excluded from the calculation because their effect would be anti-dilutive. Therefore, basic and diluted net loss per share applicable to common stockholders is the same for periods with a net loss. The following table illustrates the anti-dilutive potential common stock equivalents excluded from the calculation of loss per share (in thousands): SCHEDULE OF ANTI-DILIUTIVE POTENTIAL COMMON STOCK EQUIVALENTS EXCLUDE FROM THE CALCULATION OF LOSS PER SHARE Three Months Ended March 31, 2022 2021 Anti-dilutive potential common stock equivalents are excluded from the calculation of loss per share: Stock options 518 53 Warrants 9,188 9,299 Total 9,706 9,352 VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 1 — ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Fair Value of Financial Instruments GAAP requires disclosing financial instruments’ fair value to the extent practicable for financial instruments recognized or unrecognized in the consolidated balance sheet. The fair value of the financial instruments disclosed herein is not necessarily representative of the amount that could be realized or settled, nor does the fair value amount consider the tax consequences of realization or settlement. In assessing the fair value of financial instruments, the Company uses various methods and assumptions based on estimates of market conditions and risks existing at the time. For specific instruments, including accounts receivable and accounts payable, the Company estimated that the carrying amount approximated fair value because of these instruments’ short maturities. All debt is based on current rates at which the Company could borrow funds with similar remaining maturities and approximates fair value. GAAP establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs consist of items that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs reflect the Company’s assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is described below. As of March 31, 2022, the Company had no fair valued assets or liabilities classified under Level 1 or Level 2. ● Level 1 – Quoted prices in active markets for identical assets or liabilities, ● Level 2 – Observable prices based on inputs not quoted on active markets but corroborated by market data, ● Level 3 – Unobservable inputs are used when little or no market data is available; the fair value hierarchy gives the lowest priority to Level 3 inputs (see Note 7). Foreign Currency and Other Comprehensive Gain (Loss) We have two foreign subsidiaries, one in the United Kingdom and the other in the Netherlands, and their functional currencies are British Pounds and Euros, respectively. We record gains or losses resulting from foreign currency transactions in foreign currency income or loss except for the effect of exchange rates on long-term inter-company transactions considered a long-term investment accumulated and credited or charged to other comprehensive income. The translation from the respective foreign currency to United States Dollars (“US Dollars”) is performed for balance sheet accounts using current exchange rates at the balance sheet date and for income statement accounts using an average exchange rate during the period. We included gains or losses resulting from such translation as a separate component of accumulated other comprehensive (loss) income. Transaction gains and losses are recognized in our operations’ results based on the difference between the foreign exchange rates on the transaction date and the reporting date. The foreign currency exchange gains and losses are included as a component of general and administrative expenses in the accompanying Unaudited Condensed Consolidated Statements of Operations. The Company has recognized foreign exchanges gains and losses and changes in accumulated comprehensive income approximately as follows: SCHEDULE OF FOREIGN EXCHANGE AND CHANGE IN ACCUMULATED COMPREHENSIVE INCOME Three Months Ended March 31, 2022 2021 Net foreign exchange transactions: Gains (losses) $ (16,000 ) $ (43,000 ) Net foreign exchange transactions: Gains (losses) $ (16,000 ) $ (43,000 ) Accumulated comprehensive income: Unrealized gains (losses) on currency translation adjustment $ (268,000 ) $ (43,000 ) Accumulated comprehensive income: Unrealized gains (losses) on currency translation adjustment $ (268,000 ) $ (43,000 ) The exchange rates adopted for the foreign exchange transactions are quoted on OANDA, a Canadian-based foreign exchange company and internet website providing currency conversion, online retail foreign exchange trading, online foreign currency transfers, and forex information. The Company translated amounts from British Pounds into United States Dollars and Euros to British Pounds at the following exchange rates for the respective periods: ● As of March 31, 2022 – £ 1.3132500 1.00 0.8462040 1.00 ● The average exchange rate for the three months ended March 31, 2022 – £ 1.3413086 1.00 0.8361689 1.00 VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 1 — ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Subsequent Events Management has evaluated subsequent events or transactions occurring through the date the consolidated financial statements were issued and determined that no events or transactions are required to be disclosed herein, except as disclosed. Recently Issued Accounting Principles Current accounting standards issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the SEC did not or are not believed by management to have a material impact on the Company’s present or future condensed consolidated financial statements.

LIQUIDITY AND FINANCIAL CONDITI

LIQUIDITY AND FINANCIAL CONDITION	3 Months Ended
	Mar. 31, 2022
Liquidity And Financial Condition
LIQUIDITY AND FINANCIAL CONDITION	NOTE 2 — LIQUIDITY AND FINANCIAL CONDITION The Company incurred a loss from operations of approximately $ 2.9 4.9 48.6 289.3 31.0 The enduring effect of the COVID-19 pandemic, including the advent of Delta and Omicron variants, plus the uncertainty of possible future variants, may subject the Company to particular challenges in its business, financial condition, results of operations, and cash flows. The unpredictability of the pandemic’s scope, severity, duration, and actions implemented to alleviate its direct and indirect economic effects and containment measures provide no assurances that the pandemic will not have material adverse repercussions on the Company’s operations, liquidity, financial condition, and any residual unfavorable consequences to global economics. The Company bases its evaluation on possibilities that may prove wrong and could exhaust our available capital resources sooner than we expect. Developments may take place, including those beyond our control, that would cause us to consume our available capital more quickly, including but not limited to those relating to the markets in which we compete or wish to enter, strategic acquisitions, our market strategy, our research and development activities, regulatory matters, and technology and product innovations. Notwithstanding these risks and uncertainties, based on management’s liquidity preservation program and proactive spending reductions implemented in the fiscal year 2020, as well as previous capital injections, the Company believes it will have sufficient funds to continue its operations for at least twelve months from the date of these financial statements.

ACQUISITION OF MOBILE VIEWPOINT

ACQUISITION OF MOBILE VIEWPOINT CORPORATE B.V.	3 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
ACQUISITION OF MOBILE VIEWPOINT CORPORATE B.V.	NOTE 3 – ACQUISITION OF MOBILE VIEWPOINT CORPORATE B.V. On August 16, 2021, the Company, through a wholly-owned subsidiary, entered into a stock purchase agreement with Triple I.T. Corporate B.V., a private company incorporated in the Netherlands, under which the Company acquired 100 14,824,278 17.5 0.85 717,785 The Company accounts for the acquisition under the acquisition method under ASC 805 “Business Combinations,” and we elected not to apply pushdown accounting upon the purchase of MVP. Therefore, we recognized the preliminary historical basis of MVP’s acquired assets and liabilities. We identify any excess of the consideration paid in excess of the net assets acquired in the table below. In addition, we recorded approximately $ 1.6 The Company received a final valuation report from our third-party appraiser regarding allocating the consideration paid in excess of the net assets acquired. Additionally, the Company received an updated list of certain assets and liabilities acquired on August 16, 2021. Under ASC 805, we recorded measurement period adjustments under the previously mentioned revisions. VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 3 – ACQUISITION OF MOBILE VIEWPOINT CORPORATE B.V. (continued) The following table summarizes the historical value of the assets and liabilities as of the acquisition date, allocation of the consideration paid in excess of net assets acquired, relative useful lives, and amortization method of the listed intangible assets. SCHEDULE OF IDENTIFIABLE ASSETS ACQUIRED AND LIABILITIES ASSUMED As Initially Reported Measurement Period Adjustments As Adjusted Fair value of consideration transferred: Cash $ 18,311,000 $ — $ 18,311,000 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash $ 965,000 $ — $ 965,000 Accounts receivable, net 911,000 — 911,000 Inventories, net 2,534,000 1,231,000 3,765,000 Prepaid expenses and other assets 625,000 (112,000 ) 513,000 Property and equipment, net 149,000 — 149,000 Accounts payable (507,000 ) — (507,000 ) Accrued expenses (551,000 ) — (551,000 ) Customer deposits and deferred revenue (293,000 ) — (293,000 ) Deferred tax liabilities — (978,000 ) (978,000 ) Total identifiable net assets $ 3,833,000 $ 141,000 $ 3,974,000 Consideration paid $ 18,311,000 $ — $ 18,311,000 Total identifiable assets acquired 3,833,000 141,000 3,974,000 Excess of consideration paid over net assets acquired $ 14,478,000 $ (141,000 ) $ 14,337,000 Preliminary allocation of the consideration paid in excess of the net assets acquired: Trade name $ 730,000 $ 70,688 $ 800,688 Proprietary technology 1,850,000 282,749 2,132,749 Customer relationship 3,723,000 (1,508,003 ) 2,214,997 Goodwill 8,175,000 1,013,566 9,188,856 Total intangible assets acquired $ 14,478,000 $ (141,000 ) $ 14,337,000 As a result of the updated purchase price allocations for the MVP acquisition on August 16, 2021, specific fair value amounts previously estimated were adjusted during the measurement period. These measurement period adjustments resulted from our external valuation specialists’ updated valuation reports and appraisals and revisions to internal account classifications. The changes from the final valuation report included an increase of $ 1.23 0.07 .028 0.04 1.51 0.11 0.11 In the fourth quarter of 2021, Goodwill was fully impaired in the amount of $ 9,188,856 VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 3 – ACQUISITION OF MOBILE VIEWPOINT CORPORATE B.V. (continued) Intangible assets acquired: The Purchaser acquired intangible assets from MVP as a result of the Transaction. The Tradename, Proprietary Technology, and Customer Relationships are intangible assets noted to have a finite life, while Goodwill has an indefinite life span. The finite life intangible assets will be amortized using the straight-line method of the respective lives of each asset, while the indefinite life intangible assets will not be amortized. Based thereon, below are the acquired intangibles with their relative useful lives and method of amortization: SCHEDULE OF ACQUIRED INTANGIBLE WITH THEIR RELATIVE USEFUL LIVES Intangible Asset Useful Life Amortization Method Tradename 15 Straight-line Proprietary Technology 5 Straight-line Customer Relationships 10 Straight-line Goodwill Indefinite N/A The following presents the unaudited Pro-forma combined results of operations of Vislink with MVP: SCHEDULE OF UNAUDITED PRO-FORMA COMBINED RESULTS OF OPERATIONS Three Months Ended March 31, 2022 2021 Revenues, net $ 7,154 $ 5,286 Net income (loss) allocable to common stockholders $ (2,767) $ (2,579) Net income (loss) per share $ (0.06) $ (0.07) Weighted average number of shares outstanding 45,822 36,591 The unaudited Pro-forma results of operations are presented for information purposes only. The unaudited Pro-forma results are not intended to present actual results that would have been attained had the acquisition been completed as of January 1, 2021, or to project potential operating results as of any future date or for any future periods.

INTANGIBLE ASSETS

INTANGIBLE ASSETS	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	NOTE 4 — INTANGIBLE ASSETS The following table illustrates finite intangible assets as of March 31, 2022: SCHEDULE OF INTANGIBLE ASSETS Proprietary Technology Patents and Licenses Trade Names & Technology Customer Relationships Accumulated Accumulated Accumulated Accumulated Cost Amortization Cost Amortization Cost Amortization Cost Amortization Net Balance, December 31, 2021 $ 2,132,000 $ (223,000 ) $ 12,378,000 $ (11,843,000 ) $ 2,251,000 $ (1,052,000 ) $ 5,095,000 $ (2,817,000 ) $ 5,921,000 Amortization — (145,000 ) — (164,000 ) — (35,000 ) — (63,000 ) (407,000 ) Balance, March 31, 2022 $ 2,132,000 $ (368,000 ) $ 12,378,000 $ (12,007,000 ) $ 2,251,000 $ (1,087,000 ) $ 5,095,000 $ (2,880,000 ) $ 5,514,000 VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 4 — INTANGIBLE ASSETS (continued) Proprietary Technology: The Company amortizes proprietary technology over their useful lives of 3 5 Patents and Licenses: The Company amortizes filed patents and licenses over their useful lives, ranging from 18.5 to 20 years. The amortization of the costs incurred by processing provisional patents and pending applications begins after successfully reviewing and filing. Trade Name and Technology: The Company amortizes these other intangible assets over their estimated useful lives of 3 15 The Company has recognized net capitalized intangible costs as follows: SCHEDULE OF CAPITALIZED INTANGIBLE COSTS March 31, December 31, 2022 2021 Proprietary Technology $ 1,766,000 $ 1,910,000 Patents and Licenses 370,000 535,000 Trade Names and Technology 1,163,000 1,198,000 Customer Relationships 2,215,000 2,278,000 Total $ 5,514,000 $ 5,921,000 The Company has recognized the amortization of intangible assets as follows: SCHEDULE OF AMORTIZATION OF INTANGIBLE ASSETS Three Months Ended March 31, 2022 2021 Proprietary Technology $ 145,000 $ — Patents and Licenses 164,000 165,000 Trade Names and Technology 35,000 36,000 Customer Relationships 63,000 9,000 Total $ 407,000 $ 210,000 The weighted average remaining life of the amortization of the Company’s intangible assets is approximately 5.3 SCHEDULE OF ESTIMATED AMORTIZATION EXPENSE FOR INTANGIBLE ASSETS Period ending March 31, 2023 $ 1,026,000 2024 655,000 2025 655,000 2026 640,000 2027 555,000 Thereafter 1,983,000 Finite-Lived Intangible Assets, Net, Total $ 5,514,000 VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

NOTES PAYABLE

NOTES PAYABLE	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
NOTES PAYABLE	NOTE 5 — NOTES PAYABLE The table below represents the Company’s notes payable as of March 31, 2022, and December 31, 2021: SCHEDULE OF NOTES PAYABLE 3/31/22 12/31/21 Principal 3/31/22 12/31/21 On April 5, 2021, the Company renewed its D & O insurance policy and increased the premium to approximately $ 1,098,000 225,000 872,000 5.25 99,000 no $ — $ 99,000 Notes payable $ — $ 99,000

LEASES

LEASES	3 Months Ended
	Mar. 31, 2022
Leases
LEASES	NOTE 6 — LEASES The Company’s leasing arrangements include office space, deployment sites, and storage warehouses, both domestically and internationally. The operating leases contain various terms and provisions, with six months 3.6 On March 31, 2022, the Company recorded approximately $ 1.31 1.08 1.94 0.45 1.49 4.0 9.3 Adjustments for straight-line rental expense for the respective periods was not material. The majority of costs recognized are reflected in cash used in operating activities for the respective periods. This expense consisted primarily of payments for base rent on office and warehouse leases. Amounts related to short-term lease costs, taxes, and variable service charges on leased properties were immaterial. Besides, we have the right to renew individual leases for various renewal terms, but no obligation. There were no new leases during the three months ending March 31, 2022. The following table illustrates operating lease data for the three months ended March 31, 2022, and 2021: SCHEDULE OF OPERATING LEASE DATA 2022 2021 Three Months Ended March 31, 2022 2021 Lease cost: Operating lease cost $ 119,000 $ 125,000 Short-term lease cost 149,000 140,000 Total lease cost $ 268,000 $ 265,000 Cash paid for lease liabilities: Cash flows from operating leases $ 127,000 $ 163,000 Right-of-use assets obtained in exchange for new operating lease liabilities $ — $ — Weighted-average remaining lease term—operating leases 4.0 4.0 Weighted-average discount rate—operating leases 9.3 % 9.2 % VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 6 — LEASES (continued) Maturities of operating lease liabilities were as follows as of March 31, 2022: SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR OPERATING LEASES Amount 2023 $ 668,000 2024 569,000 2025 475,000 2026 404,000 2027 223,000 Thereafter 24,000 Total lease payments 2,363,000 Less: imputed interest 423,000 Present value of lease liabilities 1,940,000 Less: Current lease liabilities 446,000 Non-current lease liabilities $ 1,494,000 The table below lists the location and lease expiration date from 2022 through 2027: SCHEDULE OF LEASE OBLIGATIONS ASSUMED Location Square Footage Lease-End Approximate Colchester, U.K. – Waterside House 16,000 Mar 2025 $ 873,000 Singapore 950 July 2023 41,000 Sarasota, FL 1,205 Sep 2022 18,000 Billerica, MA 2,000 Dec 2026 489,000 Hemel, UK 12,870 Oct 2023 269,000 Mount Olive, NJ 7,979 Jan 2027 673,000

DERIVATIVE LIABILITIES

DERIVATIVE LIABILITIES	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE LIABILITIES	NOTE 7 — DERIVATIVE LIABILITIES Under the guidance of ASC 815, Accounting for Derivative Instruments and Hedging Activities, the Company, identified common stock warrants in various offerings containing a net cash settlement provision whereby, upon certain fundamental events, the holders could put these warrants back to the Company for cash. We identified and classified the following transactions as derivative liabilities: warrants issued with the May 2016 financing, the July 2016 financing, the August 2017 underwritten offering, and the May 2018 Financing. The Company records derivative liabilities on its consolidated balance sheet at their fair value on the issuance date. The Company revalues the derivative liabilities on each subsequent balance sheet until exercised or expired, with any changes in the fair value between reporting periods recorded as other income or expense. The Company uses option pricing models and assumptions based on the instruments’ characteristics on the valuation date. We use assumptions for future financings, expected volatility, expected life, yield, and risk-free interest rate to estimate fair value. The following are the key assumptions used in connection with the valuation of the warrants exercisable into common stock on March 31, 2022, and 2021: SCHEDULE OF VALUATION AND WARRANTS EXERCISABLE Three Months Ended March 31, 2022 2021 Number of shares underlying the warrants — 75,855 The fair market value of stock $ — $ 2.93 Exercise price $ — $ 0.906 827.28 Volatility — 152 181 % Risk-free interest rate — % 0.03 0.14 Expected dividend yield — — Warrant life (years) — 0.1 2.2 VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 7 — DERIVATIVE LIABILITIES (continued) Level 3 liabilities are valued using unobservable inputs to the valuation methodology that are significant in measuring the liabilities’ fair value. For fair value measurements categorized within Level 3 of the fair value hierarchy, the Company’s accounting and finance department, subject to the approval of the Chief Financial Officer, determines the applicable valuation policies and procedures. Level 3 Valuation Techniques: The following table sets forth a summary of the changes in the fair value of our Level 3 financial liabilities that are measured at fair value on a recurring basis: SCHEDULE OF CHANGES IN FAIR VALUE OF LEVEL 3 FINANCIAL LIABILITIES Three Months Ended March 31, 2022 2021 Beginning balance $ — $ 21,000 Change in fair value of derivative liabilities — 79,000 Ending balance $ — $ 100,000

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
STOCKHOLDERS’ EQUITY	NOTE 8 — STOCKHOLDERS’ EQUITY Common stock issuances During the three months ended March 31, 2022, the Company: ● Recognized approximately $ 747,000 of stock-based compensation costs associated with outstanding equity awards recorded in general and administrative expenses with the offset to additional paid-in capital. Common stock warrants During the three months ended March 31, 2022, 21,877 3.80 3.8 no The following table sets forth common stock purchase warrants outstanding as of March 31, 2022: SCHEDULE OF WARRANT OUTSTANDING Number of Warrants (in shares) Weighted Average Exercise Price Outstanding, December 31, 2021 9,209,811 $ 4.10 Warrants expired (21,877 ) $ (120.00 ) Outstanding, March 31, 2022 9,187,934 $ 3.80 Exercisable, March 31, 2022 9,187,934 $ 3.80 VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2022
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	NOTE 9 — STOCK-BASED COMPENSATION Stock Options Equity Incentive Plans: The following table illustrates various plan data under equity incentive plan awards as of March 31, 2022, and 2021: SCHEDULE OF STOCK OPTION PLANS March 31, 2022 2021 Stock-based compensation expense $ 1,000 $ 12,000 Remaining expense of stock-based compensation $ — $ 17,000 Remaining amortization period 0.0 0.9 Intrinsic value per share $ — $ — Status: Beginning balance, quantity of outstanding options 49,925 56,399 Options canceled/expired (250 ) (3,224 ) Ending balance, quantity of outstanding options 49,675 53,175 Ending balance, quantity of exercisable options 49,258 50,953 Range of exercise prices $ 6.96 1,173.60 6.96 97.20 Weighted Averages: Outstanding, beginning $ 89.79 $ 89.79 Canceled, expired (97.20 ) (89.08 ) Outstanding, ending $ 88.22 $ 87.71 Exercisable, ending $ 88.91 $ 90.56 Remaining contractual life in years, outstanding and exercisable options 5.3 6.3 VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 9 — STOCK-BASED COMPENSATION (continued) Time-vested stock options: In connection with their employment agreement(s), the Company granted the following ten-year, non-statutory time-vested option inducement awards under the NASDAQ Listing Rule 5653(c)(4) outside of the Company’s existing equity compensation plans (all subject to continued employment): SCHEDULE OF NON-STATUTORY PERFORMANCE-BASED STOCK OPTION ACTIVITY Recipient Date of Grant Options Granted Exercise Price Vesting Commencement Date Expiration Date 25% Vesting 75% Remaining Vesting ● Carleton M. Miller — CEO 1/22/20 359,247 $ 1.71 1/22/20 1/22/30 1/22/21 36 equal monthly periods ● Michael Bond — CFO 2/27/20 135,168 $ 0.96 4/1/20 4/1/30 4/1/21 36 equal monthly periods In determining the time-vested options award’s grant-date fair value, the following assumptions were used: SCHEDULE OF SHARE-BASED PAYMENT AWARD STOCK OPTIONS Expected term (years) Expected dividend yield Risk-free interest rate Volatility Exercise Price ● Carleton M. Miller — CEO 6.5 — 1.57 % 153.0 % $ 1.71 ● Michael Bond — CFO 6.3 — 0.62 % 155.0 % $ 0.96 Note: no time-vested option awards were granted during the three months ended March 31, 2022 The following table illustrates various plan data under time-vested stock option awards as of March 31, 2022, and 2021: SCHEDULE OF STOCK OPTION PLANS 2022 2021 March 31, 2022 2021 Stock-based compensation expense $ 28,000 $ 28,000 Weighted average remaining contractual life — options outstanding and exercisable 7.9 8.9 Remaining expense of stock-based compensation $ 470,000 $ 582,000 Remaining amortization period 1.9 2.9 Intrinsic value per share $ 0.11 $ 1.75 Status: Quantity outstanding 494,415 494,415 Weighted-average exercise price - outstanding $ 0.95 $ 1.18 Quantity exercisable 267,815 134,866 Weighted-average exercise price - exercisable $ 1.75 $ 4.32 Range of exercise prices $ 0.96 1.71 $ 0.96 1.71 VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 9 — STOCK-BASED COMPENSATION (continued) Performance-based stock options: In connection with their employment agreement, the Company granted the following ten-year, non-statutory performance-based stock option inducement award under the NASDAQ Listing Rule 5653(c)(4) outside of the Company’s existing equity compensation plans that will vest in three equal tranches SCHEDULE OF NON-STATUTORY PERFORMANCE-BASED STOCK OPTION ACTIVITY Options Vesting Dates Options Vesting Schedule Recipient Date of Grant Options Granted Exercise Price Commencement Expiration Tranche 1 Tranche 2 Tranche 3 Carleton M. Miller — CEO 1/22/20 250,000 $ 1.71 1/22/20 1/22/30 * 83,334 ** 83,333 *** 83,333 Applicable performance conditions: * Shares will vest upon the Company’s attainment, on or before the fifth (5th) anniversary of the Vesting Commencement Date, of Cumulative EBITDA of more than $6,000,000 accumulated over four consecutive fiscal quarters. ** Shares will vest upon the Company’s attainment, on or before the fifth (5th) anniversary of the Vesting Commencement Date, of Cumulative EBITDA of more than $15,000,000 accumulated over four consecutive fiscal quarters. *** Shares will vest upon the Company’s attainment, on or before the fifth (5th) anniversary of the Vesting Commencement Date, of Cumulative EBITDA of more than $23,000,000 accumulated over four consecutive fiscal quarters. In determining the time-vested options award’s grant-date fair value, the following assumptions were used: SCHEDULE OF SHARE-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS Expected term (years) Expected dividend yield Risk-free interest rate Volatility Exercise Price ● Carleton M. Miller — CEO 6.5 — 1.57 % 153.0 % $ 1.71 Note: no time-vested option awards were granted during the year ended December 31, 2021 The following table illustrates various plan data under performance-based stock option awards as of March 31, 2022, and 2021: SCHEDULE OF STOCK OPTION PLANS 2021 2020 March 31, 2022 2021 Stock-based compensation expense $ — $ — Weighted average remaining contractual life — options outstanding and exercisable 7.8 8.8 Remaining expense of stock-based compensation $ 414,000 $ 414,000 Remaining amortization period 2.8 3.8 Intrinsic value per share $ — $ 1.28 Status: Quantity outstanding 250,000 250,000 Weighted-average exercise price - outstanding $ 1.65 $ 1.65 Quantity exercisable — — Weighted-average exercise price - exercisable $ — $ — Range of exercise prices $ 1.71 1.71 The probability of achieving any required metrics for vesting is inconclusive as of March 31, 2022. When the Company determines that the remaining performance metrics’ achievement becomes probable, the Company will record a cumulative catch-up stock-based compensation amount. We will record any un-recognized costs over the remaining requisite service period of the awards. VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 9 — STOCK-BASED COMPENSATION (continued) Restricted Stock Units Restricted stock awards — time-based: The Company granted the following awards under the amended 2013 Plan for restricted stock units (“RSUs”) subject to continued employment: SUMMARY OF GRANTS UNDER AMENDED PLAN Grant Initial RSUs Vesting Remaining RSUs Vesting Recipient Date Units Exercise Price Date Units Units Terms Carleton M. Miller — CEO 3/3/21 598,665 $ 3.60 3/3/22 199,555 399,110 24 equal monthly periods Michel Bais — Managing Director 8/17/21 200,000 $ 1.89 8/17/22 50,000 150,000 36 equal monthly periods Ronnie Hamilton — VP Global Operations 1/12/22 200,000 $ 1.10 1/12/23 66,000 134,000 24 equal monthly periods Group of 22 Employees 2/17/22 515,000 $ 0.98 2/17/23 169,950 345,050 24 equal monthly periods Carleton M. Miller — CEO 2/16/22 1,033,076 $ 1.05 2/16/23 258,269 774,807 36 equal monthly periods Mike Bond — CFO 2/16/22 392,985 $ 1.05 2/16/23 98,246 294,739 36 equal monthly periods The following table illustrates various plan data under time-based restricted stock awards as of March 31, 2022, and 2021: SCHEDULE OF STOCK OPTION PLANS 2022 2021 March 31, 2022 2021 Stock-based compensation expense $ 718,000 $ — Weighted average remaining contractual life — options outstanding and exercisable 3.2 3.8 Weighted average remaining contractual life — options exercisable 5.8 — Remaining expense of stock-based compensation $ 4,037,000 $ 2,155,000 Remaining amortization period 3.2 2.3 Intrinsic value per share $ — $ — Status: Quantities outstanding: Beginning — January 1st 798,655 — Restricted stock units granted 2,141,061 598,665 Ending — March 31st 2,939,716 598,665 Quantities exercisable – March 31st 199,555 — Weighted-averages exercise price outstanding: Beginning — January 1st $ 3.17 $ — Weighted-averages exercise price outstanding beginning $ 3.17 $ — Restricted stock units granted 1.04 3.60 Ending — March 31st $ 1.37 $ 3.60 Weighted-averages exercise price outstanding ending $ 1.37 $ 3.60 Weighted-averages exercise price exercisable – March 31st $ 7.20 $ — Range of exercise prices $ 0.98 3.60 $ 3.60 VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 9 — STOCK-BASED COMPENSATION (continued) Restricted stock awards — performance-based: The Company granted the following awards under the amended 2013 Plan for restricted stock units (“RSUs”) subject to performance vesting conditions and continued employment: SUMMARY OF GRANTS UNDER AMENDED PLAN Grant Units Vesting Schedule Recipient Date Units Exercise Price Tranche 1 Tranche 2 Tranche 3 Carleton M. Miller — CEO 3/3/21 896,665 $ 3.60 299,555 299,555 299,555 Michael Bond — CFO 12/31/20 368,715 $ 1.32 122,905 122,905 122,905 Note: The above performance-based restricted stock units met all three revenue thresholds in the last quarter of 2021, and the Company recognized stock-based compensation expense accordingly for the year ending December 31, 2021. Grant Units Vesting Schedule Recipient Date Units Exercise Price Tranche 1 Tranche 2 Tranche 3 Carleton M. Miller — CEO 2/16/22 1,033,076 $ 1.05 * 344,359 ** 344,359 *** 344,359 Michael Bond — CFO 2/16/22 392,985 $ 1.05 * 130,995 ** 130,995 *** 130,994 * RSUs will vest upon the Company’s attainment, on or before December 31, 2026, of revenue of more than $35,575,000 accumulated over four consecutive fiscal quarters. ** RSUs will vest upon the Company’s attainment, on or before December 31, 2026, of revenue of more than $37,353,000 accumulated over four consecutive fiscal quarters. *** RSUs will vest upon the Company’s attainment, on or before December 31, 2026, of revenue of more than $39,220,000 accumulated over four consecutive fiscal quarters. Note: the determination of revenue for any fiscal period shall be made based on the Company’s revenues on a consolidated basis for each such fiscal period if the employee remains in continuous employment with the Company through the date the Compensation Committee certifies the revenue for such fiscal period and authorizes the issuance of the underlying shares of common stock to the employee according to his award agreement. Except as provided in each employment agreement, if an individual ceases to be an employee of the Company before any vesting date, the remaining portion of the total number of shares unvested is forfeited. The probability of achieving any required metrics for vesting is inconclusive as of March 31, 2022. When the Company determines that the remaining performance metrics’ achievement becomes probable, the Company will record a cumulative catch-up stock-based compensation amount. We will record any un-recognized costs over the remaining requisite service period of the awards. The following table illustrates various plan data under time-based restricted stock awards as of March 31, 2022, and 2021: SCHEDULE OF STOCK OPTION PLANS 2021 2020 March 31, 2022 2021 Stock-based compensation expense $ — $ — Remaining expense of stock-based compensation $ 1,498,000 $ 3,722,000 Intrinsic value per share $ — $ — Status: Quantities outstanding: Beginning — January 1st 1,267,380 368,715 Outstanding, beginning 1,267,380 368,715 Restricted stock units granted 1,426,061 889,665 Ending — March 31st 2,693,441 1,258,380 Outstanding, ending 2,693,441 1,258,380 Quantities exercisable – March 31st 1,267,380 — Quantities exercisable 1,267,380 — Weighted-averages exercise price outstanding: Beginning — January 1st $ 2.94 $ 8.77 Weighted-averages exercise price outstanding beginning $ 2.94 $ 8.77 Restricted stock units granted 1.05 0.55 Ending — March 31st $ 1.94 $ 2.96 Weighted-averages exercise price outstanding ending $ 1.94 $ 2.96 Weighted-averages exercise price exercisable – March 31st $ 4.12 $ — Weighted-averages exercise price exercisable $ 4.12 $ — Range of exercise prices $ 1.05 to $ 3.60 $ 1.32 to $ 3.60 Non-employee director annual equity awards: Each non-employee director receives an annual equity award of restricted stock valued at $ 40,000 200,000 five-year VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 10 — COMMITMENTS AND CONTINGENCIES Pension: At its discretion, the Company may make a matching contribution to the 401(k) plan in which its employees participate. Vislink also has a Group Personal Plan in our U.K. Subsidiary, investing funds with Royal London. U.K. employees are entitled to join the Plan to which the Company contributes varying amounts subject to status. Additionally, the Company operates a stakeholder pension scheme in the U.K. The table below represents the Company’s matching contributions as follows: SCHEDULE OF MATCHING CONTRIBUTIONS Three Months Ended March 31, 2022 2021 Company matching contributions - Group Personal Pension Plan, U.K. $ 49,000 $ 40,000

CONCENTRATIONS

CONCENTRATIONS	3 Months Ended
	Mar. 31, 2022
Risks and Uncertainties [Abstract]
CONCENTRATIONS	NOTE 11 — CONCENTRATIONS Customer concentration risk During the three months ended March 31, 2022, approximately 21 % of the Company’s revenue came from a single customer exceeding 10% of the Company’s total consolidated sales for approximately $ 1,515,000 . During the three months ended March 31, 2021, approximately 11 % of the Company’s revenue came from a single customer exceeding 10% of the Company’s total consolidated sales for approximately $ 466,000 . On March 31, 2022, approximately 45 % of the Company’s consolidated net accounts receivable was due from one customer for approximately $ 4,204,000 . On March 31, 2021, approximately 12 % of the Company’s consolidated net accounts receivable was due from one customer for approximately $ 407,000 . Vendor concentration risk During the three months ended March 31, 2022, no vendor met the criteria in excess of 10% of the Company’s consolidated purchases. During the three months ended March 31, 2021, approximately 13 % of the Company’s consolidated inventory purchases came from one vendor for approximately $ 473,000 . On March 31, 2022, approximately 15 % of the Company’s consolidated accounts payable was due from one customer for approximately $ 438,000 . On March 31, 2021, three vendors representing approximately $ 636,000 ( 22 %), $ 434,000 ( 15 %), and $ 317,000 ( 11 %), respectively of the Company’s consolidated accounts payable. VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

REVENUE

REVENUE	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
REVENUE	NOTE 12 – REVENUE The Company has one operating segment, and the decision-making group is the senior executive management team. Vislink disaggregated revenue by primary geographical markets and revenue sources in the following tables: SCHEDULE OF DISAGGREGATION OF REVENUE Three Months Ended March 31, 2022 2021 Primary geographical markets: North America $ 2,428,000 $ 1,692,000 South America 50,000 146,000 Europe 2,483,000 1,279,000 Asia 542,000 431,000 Rest of World 1,651,000 542,000 $ 7,154,000 $ 4,090,000 Primary revenue source: Equipment sales $ 6,278,000 $ 3,766,000 Installation, integration, and repairs 243,000 275,000 Warranties 339,000 49,000 Other (See Note 13) 294,000 — $ 7,154,000 $ 4,090,000 Long-Lived Assets: United States $ 2,382,000 $ 2,498,000 United Kingdom 5,780,000 1,370,000 $ 8,162,000 $ 3,868,000

REBATES

REBATES	3 Months Ended
	Mar. 31, 2022
Rebates
REBATES	NOTE 13 - REBATES The amounts generated in Note 12 as part of the Primary revenue source “other” resulted from rebates issued to the Company’s filing appropriate governmental forms related to the research costs incurred by our U.K. subsidiary in prior fiscal years. The Company expects to continue filing applicable rebate forms for the 2022 fiscal year but cannot guarantee that such rebates will be available in future financial periods at similar levels or at all.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 14 — SUBSEQUENT EVENTS On April 28, 2022, the Company entered a one-year lease for 600 1,320

ORGANIZATION AND SUMMARY OF S_2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	Nature of Operations Vislink, incorporated in Delaware in 2006, is a global technology business specializing in collecting, delivering, and managing high-quality, live video and associated data from the action scene to the viewing screen. Vislink provides solutions for collecting live news, sports, and entertainment events for the broadcast markets. Vislink also furnishes the surveillance and defense markets with real-time video intelligence solutions using various tailored transmission products. The Vislink team also provides professional and technical services utilizing a staff of technology experts with decades of applied knowledge and real-world experience in the terrestrial microwave, satellite, fiber optic, surveillance, and wireless communications systems delivering a broad spectrum of customer solutions. Live Broadcast: Industry-wide contributors acknowledge Vislink’s live broadcast solutions. The transmission of a vast majority of all outside wireless broadcast video content uses our equipment, with over 200,000 systems installed worldwide. We work closely with the majority of the world’s broadcasters. Vislink wireless cameras and ultra-compact encoders help bring many of the world’s most prestigious sporting and entertainment events to life. Recent examples include globally watched international sporting contests, award shows, racing events, and annual music and cultural events. Military And Government: Satellite Communications Over 30 years of technical expertise supports Vislink’s satellite solutions. These solutions ensure robust, secure communications while delivering low transmission costs for any organization that needs high-quality, reliable satellite transmission. We offer turnkey solutions that begin with state-of-the-art coding, compression, and engine modulation and end with our robust, lightweight antenna systems. Vislink Satellite solutions focus heavily on being the smallest, lightest, and most efficient in their categories, making transportation and ease of use a key driver in the customer experience. Vislink offers an extensive range of satellite designs that allow customers to optimize bit rate, size, weight, and total cost. Our satellite systems are used extensively globally, with over 2,000 systems deployed by governments, militaries, and broadcasters. Connected Edge Solutions: ● Live video encoding, stream adaptation, decode, and production solutions ● Remote production workflows ● Wireless cameras ● AI-driven automated production ● Ability to contribute video over: ● Bonded cellular (3G and 4G) ● Satellite ● Fiber ● Emerging networks, including 5G and Starlink VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 1 — ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements are prepared under the United States generally accepted accounting principles (“US GAAP”) for interim financial information and following Form 10-Q and Regulation S-X instructions. Accordingly, these financial statements do not include all information or notes required by GAAP for annual financial statements. Read these financial statements in conjunction with the consolidated financial statements filed on the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the United States Securities and Exchange Commission (the “SEC”) on March 31, 2022, as amended on May 2, 2022. In the opinion of management, the unaudited condensed consolidated financial statements included herein contain all adjustments necessary to present the Company’s consolidated financial position as of March 31, 2022, the results of its operations, and cash flow for the three months ended March 31, 2022, and 2021. Such adjustments are of a routine recurring nature. The results of operations for the three months ended March 31, 2022, may not indicate results for an entire year, any other interim period, or any future year period.
Principles of Consolidation	Principles of Consolidation The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America or (“U.S. GAAP”) as found in the Accounting Standards Codification (“ASC”), the Accounting Standards Update (“ASU”) of the Financial Accounting Standards Board (“FASB”) and the rules and regulations of the US Securities and Exchange Commission (the “SEC”). The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. We have eliminated all intercompany accounts and transactions upon the consolidation of our subsidiaries.
Segment Reporting	Segment Reporting The Company identifies operating segments as components of an enterprise about which separate discrete financial information is available for evaluation by the operating decision-makers, or decision-making group, in deciding how to allocate resources and assess performance. The Company’s decision-making group is the senior executive management team. The Company and the decision-making group view the Company’s operations and manage its business as one operating segment with different product offerings. All long-lived assets of the Company reside in the U.S., the U.K., and the Netherlands.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements. These estimates also affect the reported amounts of revenues and expenses during the reporting periods. Significant accounting estimates reflected in the Company’s consolidated financial statements include the useful lives of property, plant, and equipment, the useful lives of right-of-use assets, the useful lives of intangible assets, impairment of long-lived assets, allowance for accounts receivable doubtful accounts, allowance for inventory obsolescence reserve, allowance for deferred tax assets, valuation of warranty reserves, contingent consideration liabilities, and the accrual of potential liabilities. Actual results could differ from estimates, and any such differences may be material to our financial statements.
Risks and Uncertainties	Risks and Uncertainties The future impacts of the Russia-Ukraine war, the novel coronavirus (“COVID-19”) pandemic, and their residual effects including economic uncertainty, an inflationary environment, disruptions within the global supply chain, and labor markets within worldwide industries remain uncertain. These circumstances have created prevalent uncertainty and risk. Although capital markets and economies worldwide improved during the fourth quarter of 2021 and the first quarter of 2022, from the initial negative impacts of the COVID-19 pandemic, there remains uncertainty around the strength and timing of global economic recoveries, which could cause a local or global economic recession considering the worldwide impact of the Russian-Ukrainian conflict as well. Such economic disruption could have a material adverse effect on our business. Although we do not presently foresee risks that may impact our company’s liquidity, operating results, and financial reporting, we monitor the circumstances mentioned above to assess direct material adverse effects on our business, financial condition, or results of operations. Therefore, accounting estimates and assumptions may change over time in response to these impacts. Interim period results are not necessarily indicative of the expected results for the full fiscal year. VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 1 — ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Inventories	Inventories Inventories consist of raw materials, work-in-process, and finished goods and are recorded at the lower of cost, on a first-in, first-out basis, or net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable completion, disposal, and transportation costs. The Company evaluates inventory balances and either write down obsolete inventory or records a reserve for slow-moving or excess inventory based on net realizable value analysis.
Revenue Recognition	Revenue Recognition We account for the Company’s operating results under ASC Topic 606, adopted on January 1, 2019. It is a comprehensive revenue recognition model that requires recognition when the Company transfers control of the promised goods or services to our customers at an amount that reflects the consideration that we expect to receive. The application of ASC Topic 606 requires us to use more judgment and make more estimates than under previously issued guidance. The Company generates all its revenue from contracts with customers. The Company recognizes revenue when we satisfy a performance obligation by transferring control of the promised goods or services to a customer in an amount that reflects the consideration that we expect to receive in exchange for those services. The Company determines revenue recognition through the following steps: 1. Identification of the contract, or contracts, with a customer. 2. Identification of the performance obligations in the contract. 3. Determination of the transaction price. 4. Allocation of the transaction price to the performance obligations in the contract; and 5. Recognition of revenue, when, or as, we satisfy a performance obligation. At contract inception, the Company assesses the goods and services promised in our contracts with customers and identifies a performance obligation for each. To determine the performance obligations, the Company considers all the products and services promised in the contract regardless of whether they are explicitly stated or implied by customary business practices. The timing of satisfaction of the performance obligation is not subject to significant judgment. We measure revenue as the amount of consideration we expect to receive in exchange for transferring goods and services. The value-added sales taxes and other charges we collect concurrent with revenue-producing activities are excluded from income. Remaining Performance Obligations The remaining performance obligations, or backlog, represent the aggregate amount of the transaction price allocated to the remaining obligations that the Company has not performed under its customer contracts. The Company has elected to use the optional exemption in ASC 606-10-50-14, which exempts an entity from such disclosures if a performance obligation is part of a contract with an original expected duration of one year or less. VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 1 — ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Intangible Assets	Intangible Assets Patents and licenses Patents and licenses, measured initially at purchase cost, are included in intangible assets on the Company’s balance sheet and are amortized on a straight-line basis over their estimated useful lives of 18.5 20 Other intangible assets: The Company’s remaining intangible assets include the trade names, technology, and customer lists acquired in its acquisition of Integrated Microwave Technologies (“IMT”), Vislink, and Mobile Viewpoint Corporate B.V. (“MVP”). A third-party appraiser determined the value of these acquired assets for these business combinations. Absent an indication of fair value from a potential buyer or similar specific transactions, we have determined that using the methods employed provided a reasonable estimate in reporting the values assigned. The Company amortizes intangible asset costs over their useful lives of 3 15
Leases	Leases The Company determines if an arrangement is a lease at inception. The Company recognizes lease expense for lease payments on a straight-line basis over the lease term. The Company includes operating leases as “Right of use assets, operating leases” (“ROU”) in the consolidated balance sheets. For lease liabilities, operating lease liabilities are included in “Operating lease obligations, current” and “Operating lease liabilities, net of current portion” in the consolidated balance sheets. The Company recognizes operating lease ROU assets and liabilities on the commencement date based on the present value of lease payments for all leases with a term longer than 12 months. There is no separation of lease and non-lease components for all our real estate contracts. The ROU assets and related lease liabilities recorded under ASC 842 are calculated based on the present value of the lease payments using (1) the rate implicit in the lease or (2) the lessee’s incremental borrowing rate (“IBR”), defined as the rate of interest that a lessee would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a comparable economic environment. As most of our leases do not provide an implicit rate, we generally use our incremental borrowing rates based on an analysis of prior collateralized borrowings over similar terms of the lease payments at the commencement date to estimate the IBR under ASC 842. There were no capital leases, which are now titled “finance leases” under ASC 842, in the Company’s lease portfolio as of March 31, 2022.
Stock-Based Compensation	Stock-Based Compensation The Company accounts for stock compensation with persons classified as employees for accounting purposes under ASC 718 “Compensation-Stock Compensation,” which recognizes awards at fair value on the date of grant and recognition of compensation over the service period for awards expected to vest. The fair value of stock options is determined using the Black-Scholes Option Pricing Model, and the fair value of common stock issued for services is determined based on the Company’s stock price on the issuance date. The expansion of Topic 718 fell under ASU 2018-07 to include share-based payment transactions for acquiring goods and services from nonemployees. The measurement date for equity-classified nonemployee share-based payment awards is no longer at the earlier date at which a commitment for performance by the counterparty is reached or the date at which the counterparty’s performance is complete. Instead, the grant date is now considered the measurement date. Under today’s guidance, the measurement of nonemployee share-based payment awards with performance conditions is at the lowest aggregate fair value, often resulting in a zero value. The new ASU aligns the accounting for nonemployee share-based payment awards with performance conditions with accounting for employee share-based payment awards under Topic 718 by requiring entities to consider the probability of satisfying performance conditions. Current guidance requires entities to use the contractual term to measure the nonemployee share-based payment awards. The new ASU allows entities to make an award-by-award election to use the expected duration (consistent with employee share-based payment awards) or the contractual term for nonemployee awards. VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 1 — ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Stock-Based Compensation (continued) Stock-Option Awards — Time-based and performance-based: The Company has not paid dividends on its common stock, and no assumption of dividend payment(s) is made in the model. For employee equity-classified awards, compensation cost is recognized over the employee’s requisite service period with a corresponding credit to additional paid-in capital. The employee’s requisite service period begins at the service inception date and ends when the requisite service has been provided. Restricted Stock Unit Awards (“RSUs”) — Time Based: Restricted Stock Unit Awards (“RSUs”) — Performance-Based:
Loss Per Share	Loss Per Share The Company reports loss per share under ASC Topic 260, “Earnings Per Share,” which establishes standards for computing and presenting earnings per share. The basic loss per share calculation divides the net loss allocable to common stockholders by the weighted-average shares of common stock outstanding during the period, without considering common stock equivalents. The diluted loss per share calculation is calculated by adjusting the weighted-average shares of common stock outstanding for the dilutive effect of common stock equivalents, including stock options and warrants, outstanding for the period as determined using the treasury stock method. For the diluted net loss per share calculation, common stock equivalents are excluded from the calculation because their effect would be anti-dilutive. Therefore, basic and diluted net loss per share applicable to common stockholders is the same for periods with a net loss. The following table illustrates the anti-dilutive potential common stock equivalents excluded from the calculation of loss per share (in thousands): SCHEDULE OF ANTI-DILIUTIVE POTENTIAL COMMON STOCK EQUIVALENTS EXCLUDE FROM THE CALCULATION OF LOSS PER SHARE Three Months Ended March 31, 2022 2021 Anti-dilutive potential common stock equivalents are excluded from the calculation of loss per share: Stock options 518 53 Warrants 9,188 9,299 Total 9,706 9,352 VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 1 — ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Fair Value of Financial Instruments	Fair Value of Financial Instruments GAAP requires disclosing financial instruments’ fair value to the extent practicable for financial instruments recognized or unrecognized in the consolidated balance sheet. The fair value of the financial instruments disclosed herein is not necessarily representative of the amount that could be realized or settled, nor does the fair value amount consider the tax consequences of realization or settlement. In assessing the fair value of financial instruments, the Company uses various methods and assumptions based on estimates of market conditions and risks existing at the time. For specific instruments, including accounts receivable and accounts payable, the Company estimated that the carrying amount approximated fair value because of these instruments’ short maturities. All debt is based on current rates at which the Company could borrow funds with similar remaining maturities and approximates fair value. GAAP establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs consist of items that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs reflect the Company’s assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is described below. As of March 31, 2022, the Company had no fair valued assets or liabilities classified under Level 1 or Level 2. ● Level 1 – Quoted prices in active markets for identical assets or liabilities, ● Level 2 – Observable prices based on inputs not quoted on active markets but corroborated by market data, ● Level 3 – Unobservable inputs are used when little or no market data is available; the fair value hierarchy gives the lowest priority to Level 3 inputs (see Note 7).
Foreign Currency and Other Comprehensive Gain (Loss)	Foreign Currency and Other Comprehensive Gain (Loss) We have two foreign subsidiaries, one in the United Kingdom and the other in the Netherlands, and their functional currencies are British Pounds and Euros, respectively. We record gains or losses resulting from foreign currency transactions in foreign currency income or loss except for the effect of exchange rates on long-term inter-company transactions considered a long-term investment accumulated and credited or charged to other comprehensive income. The translation from the respective foreign currency to United States Dollars (“US Dollars”) is performed for balance sheet accounts using current exchange rates at the balance sheet date and for income statement accounts using an average exchange rate during the period. We included gains or losses resulting from such translation as a separate component of accumulated other comprehensive (loss) income. Transaction gains and losses are recognized in our operations’ results based on the difference between the foreign exchange rates on the transaction date and the reporting date. The foreign currency exchange gains and losses are included as a component of general and administrative expenses in the accompanying Unaudited Condensed Consolidated Statements of Operations. The Company has recognized foreign exchanges gains and losses and changes in accumulated comprehensive income approximately as follows: SCHEDULE OF FOREIGN EXCHANGE AND CHANGE IN ACCUMULATED COMPREHENSIVE INCOME Three Months Ended March 31, 2022 2021 Net foreign exchange transactions: Gains (losses) $ (16,000 ) $ (43,000 ) Net foreign exchange transactions: Gains (losses) $ (16,000 ) $ (43,000 ) Accumulated comprehensive income: Unrealized gains (losses) on currency translation adjustment $ (268,000 ) $ (43,000 ) Accumulated comprehensive income: Unrealized gains (losses) on currency translation adjustment $ (268,000 ) $ (43,000 ) The exchange rates adopted for the foreign exchange transactions are quoted on OANDA, a Canadian-based foreign exchange company and internet website providing currency conversion, online retail foreign exchange trading, online foreign currency transfers, and forex information. The Company translated amounts from British Pounds into United States Dollars and Euros to British Pounds at the following exchange rates for the respective periods: ● As of March 31, 2022 – £ 1.3132500 1.00 0.8462040 1.00 ● The average exchange rate for the three months ended March 31, 2022 – £ 1.3413086 1.00 0.8361689 1.00 VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 1 — ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Subsequent Events	Subsequent Events Management has evaluated subsequent events or transactions occurring through the date the consolidated financial statements were issued and determined that no events or transactions are required to be disclosed herein, except as disclosed.
Recently Issued Accounting Principles	Recently Issued Accounting Principles Current accounting standards issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the SEC did not or are not believed by management to have a material impact on the Company’s present or future condensed consolidated financial statements.

ORGANIZATION AND SUMMARY OF S_3

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SCHEDULE OF ANTI-DILIUTIVE POTENTIAL COMMON STOCK EQUIVALENTS EXCLUDE FROM THE CALCULATION OF LOSS PER SHARE	The following table illustrates the anti-dilutive potential common stock equivalents excluded from the calculation of loss per share (in thousands): SCHEDULE OF ANTI-DILIUTIVE POTENTIAL COMMON STOCK EQUIVALENTS EXCLUDE FROM THE CALCULATION OF LOSS PER SHARE Three Months Ended March 31, 2022 2021 Anti-dilutive potential common stock equivalents are excluded from the calculation of loss per share: Stock options 518 53 Warrants 9,188 9,299 Total 9,706 9,352
SCHEDULE OF FOREIGN EXCHANGE AND CHANGE IN ACCUMULATED COMPREHENSIVE INCOME	The Company has recognized foreign exchanges gains and losses and changes in accumulated comprehensive income approximately as follows: SCHEDULE OF FOREIGN EXCHANGE AND CHANGE IN ACCUMULATED COMPREHENSIVE INCOME Three Months Ended March 31, 2022 2021 Net foreign exchange transactions: Gains (losses) $ (16,000 ) $ (43,000 ) Net foreign exchange transactions: Gains (losses) $ (16,000 ) $ (43,000 ) Accumulated comprehensive income: Unrealized gains (losses) on currency translation adjustment $ (268,000 ) $ (43,000 ) Accumulated comprehensive income: Unrealized gains (losses) on currency translation adjustment $ (268,000 ) $ (43,000 )

ACQUISITION OF MOBILE VIEWPOI_2

ACQUISITION OF MOBILE VIEWPOINT CORPORATE B.V. (Tables)	3 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
SCHEDULE OF IDENTIFIABLE ASSETS ACQUIRED AND LIABILITIES ASSUMED	The following table summarizes the historical value of the assets and liabilities as of the acquisition date, allocation of the consideration paid in excess of net assets acquired, relative useful lives, and amortization method of the listed intangible assets. SCHEDULE OF IDENTIFIABLE ASSETS ACQUIRED AND LIABILITIES ASSUMED As Initially Reported Measurement Period Adjustments As Adjusted Fair value of consideration transferred: Cash $ 18,311,000 $ — $ 18,311,000 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash $ 965,000 $ — $ 965,000 Accounts receivable, net 911,000 — 911,000 Inventories, net 2,534,000 1,231,000 3,765,000 Prepaid expenses and other assets 625,000 (112,000 ) 513,000 Property and equipment, net 149,000 — 149,000 Accounts payable (507,000 ) — (507,000 ) Accrued expenses (551,000 ) — (551,000 ) Customer deposits and deferred revenue (293,000 ) — (293,000 ) Deferred tax liabilities — (978,000 ) (978,000 ) Total identifiable net assets $ 3,833,000 $ 141,000 $ 3,974,000 Consideration paid $ 18,311,000 $ — $ 18,311,000 Total identifiable assets acquired 3,833,000 141,000 3,974,000 Excess of consideration paid over net assets acquired $ 14,478,000 $ (141,000 ) $ 14,337,000 Preliminary allocation of the consideration paid in excess of the net assets acquired: Trade name $ 730,000 $ 70,688 $ 800,688 Proprietary technology 1,850,000 282,749 2,132,749 Customer relationship 3,723,000 (1,508,003 ) 2,214,997 Goodwill 8,175,000 1,013,566 9,188,856 Total intangible assets acquired $ 14,478,000 $ (141,000 ) $ 14,337,000
SCHEDULE OF ACQUIRED INTANGIBLE WITH THEIR RELATIVE USEFUL LIVES	Based thereon, below are the acquired intangibles with their relative useful lives and method of amortization: SCHEDULE OF ACQUIRED INTANGIBLE WITH THEIR RELATIVE USEFUL LIVES Intangible Asset Useful Life Amortization Method Tradename 15 Straight-line Proprietary Technology 5 Straight-line Customer Relationships 10 Straight-line Goodwill Indefinite N/A
SCHEDULE OF UNAUDITED PRO-FORMA COMBINED RESULTS OF OPERATIONS	The following presents the unaudited Pro-forma combined results of operations of Vislink with MVP: SCHEDULE OF UNAUDITED PRO-FORMA COMBINED RESULTS OF OPERATIONS Three Months Ended March 31, 2022 2021 Revenues, net $ 7,154 $ 5,286 Net income (loss) allocable to common stockholders $ (2,767) $ (2,579) Net income (loss) per share $ (0.06) $ (0.07) Weighted average number of shares outstanding 45,822 36,591

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
SCHEDULE OF INTANGIBLE ASSETS	The following table illustrates finite intangible assets as of March 31, 2022: SCHEDULE OF INTANGIBLE ASSETS Proprietary Technology Patents and Licenses Trade Names & Technology Customer Relationships Accumulated Accumulated Accumulated Accumulated Cost Amortization Cost Amortization Cost Amortization Cost Amortization Net Balance, December 31, 2021 $ 2,132,000 $ (223,000 ) $ 12,378,000 $ (11,843,000 ) $ 2,251,000 $ (1,052,000 ) $ 5,095,000 $ (2,817,000 ) $ 5,921,000 Amortization — (145,000 ) — (164,000 ) — (35,000 ) — (63,000 ) (407,000 ) Balance, March 31, 2022 $ 2,132,000 $ (368,000 ) $ 12,378,000 $ (12,007,000 ) $ 2,251,000 $ (1,087,000 ) $ 5,095,000 $ (2,880,000 ) $ 5,514,000
SCHEDULE OF CAPITALIZED INTANGIBLE COSTS	The Company has recognized net capitalized intangible costs as follows: SCHEDULE OF CAPITALIZED INTANGIBLE COSTS March 31, December 31, 2022 2021 Proprietary Technology $ 1,766,000 $ 1,910,000 Patents and Licenses 370,000 535,000 Trade Names and Technology 1,163,000 1,198,000 Customer Relationships 2,215,000 2,278,000 Total $ 5,514,000 $ 5,921,000
SCHEDULE OF AMORTIZATION OF INTANGIBLE ASSETS	The Company has recognized the amortization of intangible assets as follows: SCHEDULE OF AMORTIZATION OF INTANGIBLE ASSETS Three Months Ended March 31, 2022 2021 Proprietary Technology $ 145,000 $ — Patents and Licenses 164,000 165,000 Trade Names and Technology 35,000 36,000 Customer Relationships 63,000 9,000 Total $ 407,000 $ 210,000
SCHEDULE OF ESTIMATED AMORTIZATION EXPENSE FOR INTANGIBLE ASSETS	SCHEDULE OF ESTIMATED AMORTIZATION EXPENSE FOR INTANGIBLE ASSETS Period ending March 31, 2023 $ 1,026,000 2024 655,000 2025 655,000 2026 640,000 2027 555,000 Thereafter 1,983,000 Finite-Lived Intangible Assets, Net, Total $ 5,514,000

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
SCHEDULE OF NOTES PAYABLE	The table below represents the Company’s notes payable as of March 31, 2022, and December 31, 2021: SCHEDULE OF NOTES PAYABLE 3/31/22 12/31/21 Principal 3/31/22 12/31/21 On April 5, 2021, the Company renewed its D & O insurance policy and increased the premium to approximately $ 1,098,000 225,000 872,000 5.25 99,000 no $ — $ 99,000 Notes payable $ — $ 99,000

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2022
Leases
SCHEDULE OF OPERATING LEASE DATA	The following table illustrates operating lease data for the three months ended March 31, 2022, and 2021: SCHEDULE OF OPERATING LEASE DATA 2022 2021 Three Months Ended March 31, 2022 2021 Lease cost: Operating lease cost $ 119,000 $ 125,000 Short-term lease cost 149,000 140,000 Total lease cost $ 268,000 $ 265,000 Cash paid for lease liabilities: Cash flows from operating leases $ 127,000 $ 163,000 Right-of-use assets obtained in exchange for new operating lease liabilities $ — $ — Weighted-average remaining lease term—operating leases 4.0 4.0 Weighted-average discount rate—operating leases 9.3 % 9.2 %
SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR OPERATING LEASES	Maturities of operating lease liabilities were as follows as of March 31, 2022: SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR OPERATING LEASES Amount 2023 $ 668,000 2024 569,000 2025 475,000 2026 404,000 2027 223,000 Thereafter 24,000 Total lease payments 2,363,000 Less: imputed interest 423,000 Present value of lease liabilities 1,940,000 Less: Current lease liabilities 446,000 Non-current lease liabilities $ 1,494,000
SCHEDULE OF LEASE OBLIGATIONS ASSUMED	The table below lists the location and lease expiration date from 2022 through 2027: SCHEDULE OF LEASE OBLIGATIONS ASSUMED Location Square Footage Lease-End Approximate Colchester, U.K. – Waterside House 16,000 Mar 2025 $ 873,000 Singapore 950 July 2023 41,000 Sarasota, FL 1,205 Sep 2022 18,000 Billerica, MA 2,000 Dec 2026 489,000 Hemel, UK 12,870 Oct 2023 269,000 Mount Olive, NJ 7,979 Jan 2027 673,000

DERIVATIVE LIABILITIES (Tables)

DERIVATIVE LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
SCHEDULE OF VALUATION AND WARRANTS EXERCISABLE	The following are the key assumptions used in connection with the valuation of the warrants exercisable into common stock on March 31, 2022, and 2021: SCHEDULE OF VALUATION AND WARRANTS EXERCISABLE Three Months Ended March 31, 2022 2021 Number of shares underlying the warrants — 75,855 The fair market value of stock $ — $ 2.93 Exercise price $ — $ 0.906 827.28 Volatility — 152 181 % Risk-free interest rate — % 0.03 0.14 Expected dividend yield — — Warrant life (years) — 0.1 2.2
SCHEDULE OF CHANGES IN FAIR VALUE OF LEVEL 3 FINANCIAL LIABILITIES	The following table sets forth a summary of the changes in the fair value of our Level 3 financial liabilities that are measured at fair value on a recurring basis: SCHEDULE OF CHANGES IN FAIR VALUE OF LEVEL 3 FINANCIAL LIABILITIES Three Months Ended March 31, 2022 2021 Beginning balance $ — $ 21,000 Change in fair value of derivative liabilities — 79,000 Ending balance $ — $ 100,000

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
SCHEDULE OF WARRANT OUTSTANDING	The following table sets forth common stock purchase warrants outstanding as of March 31, 2022: SCHEDULE OF WARRANT OUTSTANDING Number of Warrants (in shares) Weighted Average Exercise Price Outstanding, December 31, 2021 9,209,811 $ 4.10 Warrants expired (21,877 ) $ (120.00 ) Outstanding, March 31, 2022 9,187,934 $ 3.80 Exercisable, March 31, 2022 9,187,934 $ 3.80

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
SCHEDULE OF STOCK OPTION PLANS	The following table illustrates various plan data under equity incentive plan awards as of March 31, 2022, and 2021: SCHEDULE OF STOCK OPTION PLANS March 31, 2022 2021 Stock-based compensation expense $ 1,000 $ 12,000 Remaining expense of stock-based compensation $ — $ 17,000 Remaining amortization period 0.0 0.9 Intrinsic value per share $ — $ — Status: Beginning balance, quantity of outstanding options 49,925 56,399 Options canceled/expired (250 ) (3,224 ) Ending balance, quantity of outstanding options 49,675 53,175 Ending balance, quantity of exercisable options 49,258 50,953 Range of exercise prices $ 6.96 1,173.60 6.96 97.20 Weighted Averages: Outstanding, beginning $ 89.79 $ 89.79 Canceled, expired (97.20 ) (89.08 ) Outstanding, ending $ 88.22 $ 87.71 Exercisable, ending $ 88.91 $ 90.56 Remaining contractual life in years, outstanding and exercisable options 5.3 6.3
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
SCHEDULE OF STOCK OPTION PLANS	The following table illustrates various plan data under time-based restricted stock awards as of March 31, 2022, and 2021: SCHEDULE OF STOCK OPTION PLANS 2022 2021 March 31, 2022 2021 Stock-based compensation expense $ 718,000 $ — Weighted average remaining contractual life — options outstanding and exercisable 3.2 3.8 Weighted average remaining contractual life — options exercisable 5.8 — Remaining expense of stock-based compensation $ 4,037,000 $ 2,155,000 Remaining amortization period 3.2 2.3 Intrinsic value per share $ — $ — Status: Quantities outstanding: Beginning — January 1st 798,655 — Restricted stock units granted 2,141,061 598,665 Ending — March 31st 2,939,716 598,665 Quantities exercisable – March 31st 199,555 — Weighted-averages exercise price outstanding: Beginning — January 1st $ 3.17 $ — Weighted-averages exercise price outstanding beginning $ 3.17 $ — Restricted stock units granted 1.04 3.60 Ending — March 31st $ 1.37 $ 3.60 Weighted-averages exercise price outstanding ending $ 1.37 $ 3.60 Weighted-averages exercise price exercisable – March 31st $ 7.20 $ — Range of exercise prices $ 0.98 3.60 $ 3.60
SUMMARY OF GRANTS UNDER AMENDED PLAN	The Company granted the following awards under the amended 2013 Plan for restricted stock units (“RSUs”) subject to continued employment: SUMMARY OF GRANTS UNDER AMENDED PLAN Grant Initial RSUs Vesting Remaining RSUs Vesting Recipient Date Units Exercise Price Date Units Units Terms Carleton M. Miller — CEO 3/3/21 598,665 $ 3.60 3/3/22 199,555 399,110 24 equal monthly periods Michel Bais — Managing Director 8/17/21 200,000 $ 1.89 8/17/22 50,000 150,000 36 equal monthly periods Ronnie Hamilton — VP Global Operations 1/12/22 200,000 $ 1.10 1/12/23 66,000 134,000 24 equal monthly periods Group of 22 Employees 2/17/22 515,000 $ 0.98 2/17/23 169,950 345,050 24 equal monthly periods Carleton M. Miller — CEO 2/16/22 1,033,076 $ 1.05 2/16/23 258,269 774,807 36 equal monthly periods Mike Bond — CFO 2/16/22 392,985 $ 1.05 2/16/23 98,246 294,739 36 equal monthly periods
Time Vested Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
SCHEDULE OF STOCK OPTION PLANS	The following table illustrates various plan data under time-vested stock option awards as of March 31, 2022, and 2021: SCHEDULE OF STOCK OPTION PLANS 2022 2021 March 31, 2022 2021 Stock-based compensation expense $ 28,000 $ 28,000 Weighted average remaining contractual life — options outstanding and exercisable 7.9 8.9 Remaining expense of stock-based compensation $ 470,000 $ 582,000 Remaining amortization period 1.9 2.9 Intrinsic value per share $ 0.11 $ 1.75 Status: Quantity outstanding 494,415 494,415 Weighted-average exercise price - outstanding $ 0.95 $ 1.18 Quantity exercisable 267,815 134,866 Weighted-average exercise price - exercisable $ 1.75 $ 4.32 Range of exercise prices $ 0.96 1.71 $ 0.96 1.71
SCHEDULE OF NON-STATUTORY PERFORMANCE-BASED STOCK OPTION ACTIVITY	In connection with their employment agreement(s), the Company granted the following ten-year, non-statutory time-vested option inducement awards under the NASDAQ Listing Rule 5653(c)(4) outside of the Company’s existing equity compensation plans (all subject to continued employment): SCHEDULE OF NON-STATUTORY PERFORMANCE-BASED STOCK OPTION ACTIVITY Recipient Date of Grant Options Granted Exercise Price Vesting Commencement Date Expiration Date 25% Vesting 75% Remaining Vesting ● Carleton M. Miller — CEO 1/22/20 359,247 $ 1.71 1/22/20 1/22/30 1/22/21 36 equal monthly periods ● Michael Bond — CFO 2/27/20 135,168 $ 0.96 4/1/20 4/1/30 4/1/21 36 equal monthly periods
SCHEDULE OF SHARE-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS	In determining the time-vested options award’s grant-date fair value, the following assumptions were used: SCHEDULE OF SHARE-BASED PAYMENT AWARD STOCK OPTIONS Expected term (years) Expected dividend yield Risk-free interest rate Volatility Exercise Price ● Carleton M. Miller — CEO 6.5 — 1.57 % 153.0 % $ 1.71 ● Michael Bond — CFO 6.3 — 0.62 % 155.0 % $ 0.96
Performance Based Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
SCHEDULE OF NON-STATUTORY PERFORMANCE-BASED STOCK OPTION ACTIVITY	SCHEDULE OF NON-STATUTORY PERFORMANCE-BASED STOCK OPTION ACTIVITY Options Vesting Dates Options Vesting Schedule Recipient Date of Grant Options Granted Exercise Price Commencement Expiration Tranche 1 Tranche 2 Tranche 3 Carleton M. Miller — CEO 1/22/20 250,000 $ 1.71 1/22/20 1/22/30 * 83,334 ** 83,333 *** 83,333 Applicable performance conditions: * Shares will vest upon the Company’s attainment, on or before the fifth (5th) anniversary of the Vesting Commencement Date, of Cumulative EBITDA of more than $6,000,000 accumulated over four consecutive fiscal quarters. ** Shares will vest upon the Company’s attainment, on or before the fifth (5th) anniversary of the Vesting Commencement Date, of Cumulative EBITDA of more than $15,000,000 accumulated over four consecutive fiscal quarters. *** Shares will vest upon the Company’s attainment, on or before the fifth (5th) anniversary of the Vesting Commencement Date, of Cumulative EBITDA of more than $23,000,000 accumulated over four consecutive fiscal quarters.
SCHEDULE OF SHARE-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS	In determining the time-vested options award’s grant-date fair value, the following assumptions were used: SCHEDULE OF SHARE-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS Expected term (years) Expected dividend yield Risk-free interest rate Volatility Exercise Price ● Carleton M. Miller — CEO 6.5 — 1.57 % 153.0 % $ 1.71
SCHEDULE OF STOCK OPTION PLANS	The following table illustrates various plan data under performance-based stock option awards as of March 31, 2022, and 2021: SCHEDULE OF STOCK OPTION PLANS 2021 2020 March 31, 2022 2021 Stock-based compensation expense $ — $ — Weighted average remaining contractual life — options outstanding and exercisable 7.8 8.8 Remaining expense of stock-based compensation $ 414,000 $ 414,000 Remaining amortization period 2.8 3.8 Intrinsic value per share $ — $ 1.28 Status: Quantity outstanding 250,000 250,000 Weighted-average exercise price - outstanding $ 1.65 $ 1.65 Quantity exercisable — — Weighted-average exercise price - exercisable $ — $ — Range of exercise prices $ 1.71 1.71
Performance Based Option [Member] | Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
SCHEDULE OF STOCK OPTION PLANS	The following table illustrates various plan data under time-based restricted stock awards as of March 31, 2022, and 2021: SCHEDULE OF STOCK OPTION PLANS 2021 2020 March 31, 2022 2021 Stock-based compensation expense $ — $ — Remaining expense of stock-based compensation $ 1,498,000 $ 3,722,000 Intrinsic value per share $ — $ — Status: Quantities outstanding: Beginning — January 1st 1,267,380 368,715 Outstanding, beginning 1,267,380 368,715 Restricted stock units granted 1,426,061 889,665 Ending — March 31st 2,693,441 1,258,380 Outstanding, ending 2,693,441 1,258,380 Quantities exercisable – March 31st 1,267,380 — Quantities exercisable 1,267,380 — Weighted-averages exercise price outstanding: Beginning — January 1st $ 2.94 $ 8.77 Weighted-averages exercise price outstanding beginning $ 2.94 $ 8.77 Restricted stock units granted 1.05 0.55 Ending — March 31st $ 1.94 $ 2.96 Weighted-averages exercise price outstanding ending $ 1.94 $ 2.96 Weighted-averages exercise price exercisable – March 31st $ 4.12 $ — Weighted-averages exercise price exercisable $ 4.12 $ — Range of exercise prices $ 1.05 to $ 3.60 $ 1.32 to $ 3.60
SUMMARY OF GRANTS UNDER AMENDED PLAN	The Company granted the following awards under the amended 2013 Plan for restricted stock units (“RSUs”) subject to performance vesting conditions and continued employment: SUMMARY OF GRANTS UNDER AMENDED PLAN Grant Units Vesting Schedule Recipient Date Units Exercise Price Tranche 1 Tranche 2 Tranche 3 Carleton M. Miller — CEO 3/3/21 896,665 $ 3.60 299,555 299,555 299,555 Michael Bond — CFO 12/31/20 368,715 $ 1.32 122,905 122,905 122,905 Note: The above performance-based restricted stock units met all three revenue thresholds in the last quarter of 2021, and the Company recognized stock-based compensation expense accordingly for the year ending December 31, 2021. Grant Units Vesting Schedule Recipient Date Units Exercise Price Tranche 1 Tranche 2 Tranche 3 Carleton M. Miller — CEO 2/16/22 1,033,076 $ 1.05 * 344,359 ** 344,359 *** 344,359 Michael Bond — CFO 2/16/22 392,985 $ 1.05 * 130,995 ** 130,995 *** 130,994 * RSUs will vest upon the Company’s attainment, on or before December 31, 2026, of revenue of more than $35,575,000 accumulated over four consecutive fiscal quarters. ** RSUs will vest upon the Company’s attainment, on or before December 31, 2026, of revenue of more than $37,353,000 accumulated over four consecutive fiscal quarters. *** RSUs will vest upon the Company’s attainment, on or before December 31, 2026, of revenue of more than $39,220,000 accumulated over four consecutive fiscal quarters.

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
SCHEDULE OF MATCHING CONTRIBUTIONS	The table below represents the Company’s matching contributions as follows: SCHEDULE OF MATCHING CONTRIBUTIONS Three Months Ended March 31, 2022 2021 Company matching contributions - Group Personal Pension Plan, U.K. $ 49,000 $ 40,000

REVENUE (Tables)

REVENUE (Tables)	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
SCHEDULE OF DISAGGREGATION OF REVENUE	The Company has one operating segment, and the decision-making group is the senior executive management team. Vislink disaggregated revenue by primary geographical markets and revenue sources in the following tables: SCHEDULE OF DISAGGREGATION OF REVENUE Three Months Ended March 31, 2022 2021 Primary geographical markets: North America $ 2,428,000 $ 1,692,000 South America 50,000 146,000 Europe 2,483,000 1,279,000 Asia 542,000 431,000 Rest of World 1,651,000 542,000 $ 7,154,000 $ 4,090,000 Primary revenue source: Equipment sales $ 6,278,000 $ 3,766,000 Installation, integration, and repairs 243,000 275,000 Warranties 339,000 49,000 Other (See Note 13) 294,000 — $ 7,154,000 $ 4,090,000 Long-Lived Assets: United States $ 2,382,000 $ 2,498,000 United Kingdom 5,780,000 1,370,000 $ 8,162,000 $ 3,868,000

SCHEDULE OF ANTI-DILIUTIVE POTE

SCHEDULE OF ANTI-DILIUTIVE POTENTIAL COMMON STOCK EQUIVALENTS EXCLUDE FROM THE CALCULATION OF LOSS PER SHARE (Details) - shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Anti-dilutive potential common stock equivalents are excluded from the calculation of loss per share:
Total	9,706,000	9,352,000
Share-Based Payment Arrangement, Option [Member]
Anti-dilutive potential common stock equivalents are excluded from the calculation of loss per share:
Total	518,000	53,000
Warrant [Member]
Anti-dilutive potential common stock equivalents are excluded from the calculation of loss per share:
Total	9,188,000	9,299,000

SCHEDULE OF FOREIGN EXCHANGE AN

SCHEDULE OF FOREIGN EXCHANGE AND CHANGE IN ACCUMULATED COMPREHENSIVE INCOME (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net foreign exchange transactions: Gains (losses)	$ (16,000)	$ (43,000)
Accumulated comprehensive income: Unrealized gains (losses) on currency translation adjustment	$ (268,000)	$ (43,000)

ORGANIZATION AND SUMMARY OF S_4

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	3 Months Ended
	Mar. 31, 2022
GBP To USD [Member]
Finite-Lived Intangible Assets [Line Items]
Foreign currency exchange rate	1
Average foreign currency exchange rate remeasurement	1
GBP [Member] | GBP To USD [Member]
Finite-Lived Intangible Assets [Line Items]
Foreign currency exchange rate	1.3132500
Average foreign currency exchange rate remeasurement	1.3413086
GBP [Member] | Euro To GBP [Member]
Finite-Lived Intangible Assets [Line Items]
Foreign currency exchange rate	1
Average foreign currency exchange rate remeasurement	1
Euro [Member] | Euro To GBP [Member]
Finite-Lived Intangible Assets [Line Items]
Foreign currency exchange rate	0.8462040
Average foreign currency exchange rate remeasurement	0.8361689
Patents and Licenses [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	18 years 6 months
Patents and Licenses [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	20 years
Other Intangible Assets [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	3 years
Other Intangible Assets [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	15 years

LIQUIDITY AND FINANCIAL CONDI_2

LIQUIDITY AND FINANCIAL CONDITION (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Liquidity And Financial Condition
Operating income loss	$ 2,850	$ 2,779
Net cash provided by used in operating activities	4,879	$ 4,344
Working capital	48,600
Accumulated deficit	289,306		$ 286,539
Cash	$ 31,000

SCHEDULE OF IDENTIFIABLE ASSETS

SCHEDULE OF IDENTIFIABLE ASSETS ACQUIRED AND LIABILITIES ASSUMED (Details) - USD ($)	Dec. 31, 2021	Aug. 16, 2021
Acquired Finite-Lived Intangible Assets [Line Items]
Cash		$ 18,311,000
Cash		965,000
Accounts receivable, net		911,000
Inventories, net		3,765,000
Prepaid expenses and other assets		513,000
Property and equipment, net		149,000
Accounts payable		(507,000)
Accrued expenses		(551,000)
Customer deposits and deferred revenue		(293,000)
Deferred tax liabilities		(978,000)
Total identifiable assets acquired		3,974,000
Consideration paid		18,311,000
Excess of consideration paid over net assets acquired		14,337,000
Total intangible assets acquired	$ 9,188,856	14,337,000
Goodwill [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets acquired		9,188,856
Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets acquired		800,688
Proprietary Technology [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets acquired		2,132,749
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets acquired		2,214,997
Previously Reported [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Cash		18,311,000
Cash		965,000
Accounts receivable, net		911,000
Inventories, net		2,534,000
Prepaid expenses and other assets		625,000
Property and equipment, net		149,000
Accounts payable		(507,000)
Accrued expenses		(551,000)
Customer deposits and deferred revenue		(293,000)
Deferred tax liabilities
Total identifiable assets acquired		3,833,000
Consideration paid		18,311,000
Excess of consideration paid over net assets acquired		14,478,000
Total intangible assets acquired		14,478,000
Previously Reported [Member] | Goodwill [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets acquired		8,175,000
Previously Reported [Member] | Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets acquired		730,000
Previously Reported [Member] | Proprietary Technology [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets acquired		1,850,000
Previously Reported [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets acquired		3,723,000
Revision of Prior Period, Adjustment [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Cash
Cash
Accounts receivable, net
Inventories, net		1,231,000
Prepaid expenses and other assets		(112,000)
Property and equipment, net
Accounts payable
Accrued expenses
Customer deposits and deferred revenue
Deferred tax liabilities		(978,000)
Total identifiable assets acquired		141,000
Consideration paid
Excess of consideration paid over net assets acquired		(141,000)
Total intangible assets acquired		(141,000)
Revision of Prior Period, Adjustment [Member] | Goodwill [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets acquired		1,013,566
Revision of Prior Period, Adjustment [Member] | Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets acquired		70,688
Revision of Prior Period, Adjustment [Member] | Proprietary Technology [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets acquired		282,749
Revision of Prior Period, Adjustment [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets acquired		$ (1,508,003)

SCHEDULE OF ACQUIRED INTANGIBLE

SCHEDULE OF ACQUIRED INTANGIBLE WITH THEIR RELATIVE USEFUL LIVES (Details)	3 Months Ended
	Mar. 31, 2022
Trade name [Member]
Impairment Effects on Earnings Per Share [Line Items]
Customer relationships	15 years
Proprietary Technologies [Member]
Impairment Effects on Earnings Per Share [Line Items]
Customer relationships	5 years
Customer Relationship [Member]
Impairment Effects on Earnings Per Share [Line Items]
Customer relationships	10 years
Goodwill Intangibles [Member]
Impairment Effects on Earnings Per Share [Line Items]
Goodwill	Indefinite

SCHEDULE OF UNAUDITED PRO-FORMA

SCHEDULE OF UNAUDITED PRO-FORMA COMBINED RESULTS OF OPERATIONS (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Revenues, net	$ 7,154	$ 5,286
Net income (loss) allocable to common stockholders	$ (2,767)	$ (2,579)
Net income (loss) per share	$ (0.06)	$ (0.07)
Weighted average number of shares outstanding	45,822	36,591

ACQUISITION OF MOBILE VIEWPOI_3

ACQUISITION OF MOBILE VIEWPOINT CORPORATE B.V. (Details Narrative)	Aug. 16, 2021USD ($)	Aug. 16, 2021EUR (€)	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)	Aug. 13, 2021
Business Acquisition [Line Items]
Increase of inventory	$ 1,230,000
Decrease in prepaid expenses and other current assets	110,000		$ 2,060,000	$ 2,470,000
Reciprocal of inventory, increased	110,000
Goodwill	14,337,000			$ 9,188,856
Trade Names [Member]
Business Acquisition [Line Items]
Customer relationships	70,000
Goodwill	800,688
Proprietary Technology [Member]
Business Acquisition [Line Items]
Customer relationships	28,000
Goodwill	2,132,749
Goodwill [Member]
Business Acquisition [Line Items]
Customer relationships	40,000
Customer Relationships [Member]
Business Acquisition [Line Items]
Customer relationships	1,510,000
Goodwill	$ 2,214,997
Mobile Viewpoint Corporate BV [Member]
Business Acquisition [Line Items]
Percentage of outstanding capital acquired	100.00%
Purchase price	$ 17,500,000	€ 14,824,278
Foreign currency exchange rate					0.85
Acquisition payment amount | €		€ 717,785
Acquisition related costs			$ 1,600,000

SCHEDULE OF INTANGIBLE ASSETS (

SCHEDULE OF INTANGIBLE ASSETS (Details)	3 Months Ended
	Mar. 31, 2022USD ($)
Finite-Lived Intangible Assets [Line Items]
Beginning balance cost	$ 5,921,000
Beginning balance net	5,921,000
Intangible assets, net	(407,000)
Ending balance cost	5,514,000
Ending balance, net	5,514,000
Proprietary Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance cost	2,132,000
Beginning balance, accumulated amortization	(223,000)
Intangible assets, amortization
Intangible assets, accumulated amortization	(145,000)
Ending balance cost	2,132,000
Ending balance, accumulated amortization	(368,000)
Patents and Licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance cost	12,378,000
Beginning balance, accumulated amortization	(11,843,000)
Intangible assets, amortization
Intangible assets, accumulated amortization	(164,000)
Ending balance cost	12,378,000
Ending balance, accumulated amortization	(12,007,000)
Trade Names And Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance cost	2,251,000
Beginning balance, accumulated amortization	(1,052,000)
Intangible assets, amortization
Intangible assets, accumulated amortization	(35,000)
Ending balance cost	2,251,000
Ending balance, accumulated amortization	(1,087,000)
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance cost	5,095,000
Beginning balance, accumulated amortization	(2,817,000)
Intangible assets, amortization
Intangible assets, accumulated amortization	(63,000)
Ending balance cost	5,095,000
Ending balance, accumulated amortization	$ (2,880,000)

SCHEDULE OF CAPITALIZED INTANGI

SCHEDULE OF CAPITALIZED INTANGIBLE COSTS (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Total	$ 5,514,000	$ 5,921,000
Proprietary Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Total	1,766,000	1,910,000
Patents and Licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Total	370,000	535,000
Trade Names And Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Total	1,163,000	1,198,000
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Total	$ 2,215,000	$ 2,278,000

SCHEDULE OF AMORTIZATION OF INT

SCHEDULE OF AMORTIZATION OF INTANGIBLE ASSETS (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Total	$ 407,000	$ 210,000
Proprietary Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Total	145,000
Patents and Licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Total	164,000	165,000
Trade Names And Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Total	35,000	36,000
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Total	$ 63,000	$ 9,000

SCHEDULE OF ESTIMATED AMORTIZAT

SCHEDULE OF ESTIMATED AMORTIZATION EXPENSE FOR INTANGIBLE ASSETS (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 1,026,000
2024	655,000
2025	655,000
2026	640,000
2027	555,000
Thereafter	1,983,000
Finite-Lived Intangible Assets, Net, Total	$ 5,514,000	$ 5,921,000

INTANGIBLE ASSETS (Details Narr

INTANGIBLE ASSETS (Details Narrative)	3 Months Ended
	Mar. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining life of finite lived intangible assets	5 years 3 months 18 days
Proprietary Technology [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	3 years
Proprietary Technology [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	5 years
Patents and Licenses [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	18 years 6 months
Patents and Licenses [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	20 years
Trade Names And Technology [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	3 years
Trade Names And Technology [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	15 years

SCHEDULE OF NOTES PAYABLE (Deta

SCHEDULE OF NOTES PAYABLE (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Short-Term Debt [Line Items]
Notes payable		$ 99,000
D and O Insurance Policy Renewed [Member]
Short-Term Debt [Line Items]
Notes payable		$ 99,000

SCHEDULE OF NOTES PAYABLE (De_2

SCHEDULE OF NOTES PAYABLE (Details) (Parenthethical) - D and O Insurance Policy Renewed [Member] - USD ($)	Apr. 05, 2021	Mar. 31, 2022	Mar. 31, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Debt instrument, face amount	$ 1,098,000
Debt instrument down payment	225,000
Notes Payable	$ 872,000
Debt instrument, interest rate, stated percentage	5.25%
Debt instrument, periodic payment, interest	$ 99,000
Interest expense		$ 0	$ 0

SCHEDULE OF OPERATING LEASE DAT

SCHEDULE OF OPERATING LEASE DATA (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases
Operating lease cost	$ 119,000	$ 125,000
Short-term lease cost	149,000	140,000
Total lease cost	268,000	265,000
Cash flows from operating leases	127,000	163,000
Right-of-use assets obtained in exchange for new operating lease liabilities
Weighted-average remaining lease term-operating leases	4 years	4 years
Weighted-average discount rate-operating leases	9.30%	9.20%

SCHEDULE OF FUTURE MINIMUM RENT

SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR OPERATING LEASES (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Leases
2023	$ 668,000
2024	569,000
2025	475,000
2026	404,000
2027	223,000
Thereafter	24,000
Total lease payments	2,363,000
Less: imputed interest	423,000
Present value of lease liabilities	1,940,000
Less: Current lease liabilities	446,000
Non-current lease liabilities	$ 1,494,000	$ 1,507,000

SCHEDULE OF LEASE OBLIGATIONS A

SCHEDULE OF LEASE OBLIGATIONS ASSUMED (Details) ft² in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)ft²
Approximate Future Payments	$ 2,363,000
Colchester UK waterside house [Member]
Area of land | ft²	16,000
Lease-End Date	Mar 2025
Approximate Future Payments	$ 873,000
SINGAPORE
Area of land | ft²	950
Lease-End Date	July 2023
Approximate Future Payments	$ 41,000
SarasotaFL [Member]
Area of land | ft²	1,205
Lease-End Date	Sep 2022
Approximate Future Payments	$ 18,000
BillericaMa [Member]
Area of land | ft²	2,000
Lease-End Date	Dec 2026
Approximate Future Payments	$ 489,000
Hemel UK [Member]
Area of land | ft²	12,870
Lease-End Date	Oct 2023
Approximate Future Payments	$ 269,000
Mount Olive NJ [Member]
Area of land | ft²	7,979
Lease-End Date	Jan 2027
Approximate Future Payments	$ 673,000

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Right of use of assets	$ 1,312,000	$ 1,362,000
Right of use assets, accumulated depreciation	1,080,000
Operating lease liabilities	1,940,000
Current operating lease liabilities	446,000
Non-current operating lease liabilities	$ 1,494,000	$ 1,507,000
Weighted-average remaining term	4 years		4 years
Weighted-average discount rate	9.30%		9.20%
Minimum [Member]
Weighted average remaining term, minimum	6 months
Maximum [Member]
Weighted average remaining term, minimum	3 years 7 months 6 days

SCHEDULE OF VALUATION AND WARRA

SCHEDULE OF VALUATION AND WARRANTS EXERCISABLE (Details)	3 Months Ended
	Mar. 31, 2022$ / sharesshares	Mar. 31, 2021$ / sharesshares
Derivative [Line Items]
Number of shares underlying the warrants | shares		75,855
Minimum [Member]
Derivative [Line Items]
Warrant life (years)		1 month 6 days
Maximum [Member]
Derivative [Line Items]
Warrant life (years)		2 years 2 months 12 days
Measurement Input, Share Price [Member]
Derivative [Line Items]
Warrant exercise price		$ 2.93
Measurement Input, Exercise Price [Member]
Derivative [Line Items]
Warrant exercise price
Measurement Input, Exercise Price [Member] | Minimum [Member]
Derivative [Line Items]
Warrant exercise price		0.906
Measurement Input, Exercise Price [Member] | Maximum [Member]
Derivative [Line Items]
Warrant exercise price		$ 827.28
Measurement Input, Price Volatility [Member]
Derivative [Line Items]
Expected dividend yield
Measurement Input, Price Volatility [Member] | Minimum [Member]
Derivative [Line Items]
Expected dividend yield		1.52
Measurement Input, Price Volatility [Member] | Maximum [Member]
Derivative [Line Items]
Expected dividend yield		1.81
Measurement Input, Risk Free Interest Rate [Member]
Derivative [Line Items]
Expected dividend yield
Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member]
Derivative [Line Items]
Expected dividend yield		0.0003
Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member]
Derivative [Line Items]
Expected dividend yield		0.0014
Measurement Input, Expected Dividend Rate [Member]
Derivative [Line Items]
Expected dividend yield	0	0

SCHEDULE OF CHANGES IN FAIR VAL

SCHEDULE OF CHANGES IN FAIR VALUE OF LEVEL 3 FINANCIAL LIABILITIES (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Beginning balance		$ 21,000
Change in fair value of derivative liabilities		79,000
Ending balance		$ 100,000

SCHEDULE OF WARRANT OUTSTANDING

SCHEDULE OF WARRANT OUTSTANDING (Details)	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Equity [Abstract]
Number of warrants beginning balance | shares	9,209,811
Weighted average exercise price beginning balance | $ / shares	$ 4.10
Number of warrants expired | shares	(21,877)
Weighted average exercise price expired | $ / shares	$ (120)
Number of warrants ending outstanding | shares	9,187,934
Weighted average exercise price ending outstanding | $ / shares	$ 3.80
Number of warrants ending exercisable | shares	9,187,934
Weighted average exercise price ending exercisable | $ / shares	$ 3.80

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative)	3 Months Ended
	Mar. 31, 2022USD ($)$ / sharesshares
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock compensation costs | $	$ 747,000,000
Number of warrants expired | shares	21,877
Weighted average exercise price outstanding | $ / shares	$ 3.80
Common Stock Warrants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of warrants expired | shares	21,877
Weighted average exercise price outstanding | $ / shares	$ 3.80
Weighted average remaining contractual life	3 years 9 months 18 days
Intrinsic value | $	$ 0

SCHEDULE OF STOCK OPTION PLANS

SCHEDULE OF STOCK OPTION PLANS (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense	$ 747,000	$ 40,000
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense	718,000
Remaining expense of stock-based compensation	$ 4,037,000	$ 2,155,000
Remaining amortization period	3 years 2 months 12 days	2 years 3 months 18 days
Intrinsic value per share
Range of exercise prices, lower	0.98	3.60
Range of exercise prices, upper	3.60
Weighted-averages exercise price outstanding beginning	3.17
Weighted-averages exercise price outstanding ending	1.37	3.60
Weighted-averages exercise price exercisable	$ 7.20
Weighted average remaining contractual life options exercisable	3 years 2 months 12 days	3 years 9 months 18 days
Weighted average remaining contractual life options exercisable	5 years 9 months 18 days
Quantities exercisable – March 31st	199,555
Outstanding, beginning	798,655
Restricted stock units granted	2,141,061	598,665
Outstanding, ending	2,939,716	598,665
Restricted stock units granted	$ 1.04	$ 3.60
Common Stock Options [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense	$ 1,000	$ 12,000
Remaining expense of stock-based compensation		$ 17,000
Remaining amortization period	0 years	10 months 24 days
Intrinsic value per share
Number of options beginning balance	49,925	56,399
Number of options, options canceled/expired	(250)	(3,224)
Number of options, ending outstanding	49,675	53,175
Number of options exercisable	49,258	50,953
Range of exercise prices, lower	$ 6.96	$ 6.96
Range of exercise prices, upper	1,173.60	97.20
Weighted-averages exercise price outstanding beginning	89.79	89.79
Canceled, expired	(97.20)	(89.08)
Weighted-averages exercise price outstanding ending	88.22	87.71
Weighted-averages exercise price exercisable	$ 88.91	$ 90.56
Remaining contractual life in years, outstanding and exercisable options	5 years 3 months 18 days	6 years 3 months 18 days
Time Vested Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense	$ 28,000	$ 28,000
Remaining expense of stock-based compensation	$ 470,000	$ 582,000
Remaining amortization period	1 year 10 months 24 days	2 years 10 months 24 days
Intrinsic value per share	$ 0.11	$ 1.75
Range of exercise prices, lower	0.96	0.96
Range of exercise prices, upper	1.71	1.71
Weighted-averages exercise price outstanding ending	0.95	1.18
Weighted-averages exercise price exercisable	$ 1.75	$ 4.32
Weighted average remaining contractual life options exercisable	7 years 10 months 24 days	8 years 10 months 24 days
Weighted average remaining contractual life options exercisable	7 years 10 months 24 days	8 years 10 months 24 days
Quantity outstanding	494,415	494,415
Quantities exercisable – March 31st	267,815	134,866
Performance Based Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense
Remaining expense of stock-based compensation	$ 414,000	$ 414,000
Remaining amortization period	2 years 9 months 18 days	3 years 9 months 18 days
Intrinsic value per share		$ 1.28
Range of exercise prices, upper		1.71
Weighted-averages exercise price outstanding ending	1.65	1.65
Weighted-averages exercise price exercisable
Weighted average remaining contractual life options exercisable	7 years 9 months 18 days	8 years 9 months 18 days
Weighted average remaining contractual life options exercisable	7 years 9 months 18 days	8 years 9 months 18 days
Quantity outstanding	250,000	250,000
Quantities exercisable – March 31st
Performance Based Option [Member] | Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense
Remaining expense of stock-based compensation	$ 1,498,000	$ 3,722,000
Intrinsic value per share
Range of exercise prices, lower	1.05	1.32
Range of exercise prices, upper	3.60	3.60
Weighted-averages exercise price exercisable	$ 4.12
Outstanding, beginning	1,267,380	368,715
Restricted stock units granted	1,426,061	889,665
Outstanding, ending	2,693,441	1,258,380
Restricted stock units granted	$ 1.05	$ 0.55
Quantities exercisable	1,267,380
Weighted-averages exercise price outstanding beginning	$ 2.94	$ 8.77
Weighted-averages exercise price outstanding ending	$ 1.94	$ 2.96

SCHEDULE OF NON-STATUTORY PERFO

SCHEDULE OF NON-STATUTORY PERFORMANCE-BASED STOCK OPTION ACTIVITY (Details)	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Chief Executive Officer [Member] | Time Vested Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Grant date	Jan. 22, 2020
Options granted	359,247
Exercise Price | $ / shares	$ 1.71
Options vesting dates, commencement	Jan. 22, 2020
Options vesting dates, expiration	Jan. 22, 2030
25% Vesting	Jan. 22, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights	36 equal monthly periods
Chief Executive Officer [Member] | Performance based stock option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Grant date	Jan. 22, 2020
Options granted	250,000
Exercise Price | $ / shares	$ 1.71
Options vesting dates, commencement	Jan. 22, 2020
Options vesting dates, expiration	Jan. 22, 2030
Chief Executive Officer [Member] | Performance Based Option [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights	Shares will vest upon the Company’s attainment, on or before the fifth (5th) anniversary of the Vesting Commencement Date, of Cumulative EBITDA of more than $6,000,000 accumulated over four consecutive fiscal quarters.
options vesting	83,334	[1]
Chief Executive Officer [Member] | Performance Based Option [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights	Shares will vest upon the Company’s attainment, on or before the fifth (5th) anniversary of the Vesting Commencement Date, of Cumulative EBITDA of more than $15,000,000 accumulated over four consecutive fiscal quarters.
options vesting	83,333	[2]
Chief Executive Officer [Member] | Performance Based Option [Member] | Share-Based Payment Arrangement, Tranche Three [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights	Shares will vest upon the Company’s attainment, on or before the fifth (5th) anniversary of the Vesting Commencement Date, of Cumulative EBITDA of more than $23,000,000 accumulated over four consecutive fiscal quarters.
options vesting	83,333	[3]
Chief Financial Officer [Member] | Time Vested Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Grant date	Feb. 27, 2020
Options granted	135,168
Exercise Price | $ / shares	$ 0.96
Options vesting dates, commencement	Apr. 1, 2020
Options vesting dates, expiration	Apr. 1, 2030
25% Vesting	Apr. 1, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights	36 equal monthly periods
[1]	Shares will vest upon the Company’s attainment, on or before the fifth (5th) anniversary of the Vesting Commencement Date, of Cumulative EBITDA of more than $6,000,000 accumulated over four consecutive fiscal quarters.
[2]	Shares will vest upon the Company’s attainment, on or before the fifth (5th) anniversary of the Vesting Commencement Date, of Cumulative EBITDA of more than $15,000,000 accumulated over four consecutive fiscal quarters.
[3]	Shares will vest upon the Company’s attainment, on or before the fifth (5th) anniversary of the Vesting Commencement Date, of Cumulative EBITDA of more than $23,000,000 accumulated over four consecutive fiscal quarters.

SCHEDULE OF SHARE-BASED PAYMENT

SCHEDULE OF SHARE-BASED PAYMENT AWARD STOCK OPTIONS (Details) - Time Vested Option [Member]	3 Months Ended
	Mar. 31, 2022$ / shares
Chief Executive Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Expected term (years)	6 years 6 months
Expected dividend yield
Risk-free interest rate	1.57%
Volatility	153.00%
Exercise price	$ 1.71
Chief Financial Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Expected term (years)	6 years 3 months 18 days
Expected dividend yield
Risk-free interest rate	0.62%
Volatility	155.00%
Exercise price	$ 0.96

SCHEDULE OF NON-STATUTORY PER_2

SCHEDULE OF NON-STATUTORY PERFORMANCE-BASED STOCK OPTION ACTIVITY (Details) (Parenthethical) - Performance Based Option [Member] - Chief Executive Officer [Member]	3 Months Ended
	Mar. 31, 2022
Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting rights description	Shares will vest upon the Company’s attainment, on or before the fifth (5th) anniversary of the Vesting Commencement Date, of Cumulative EBITDA of more than $6,000,000 accumulated over four consecutive fiscal quarters.
Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting rights description	Shares will vest upon the Company’s attainment, on or before the fifth (5th) anniversary of the Vesting Commencement Date, of Cumulative EBITDA of more than $15,000,000 accumulated over four consecutive fiscal quarters.
Share-Based Payment Arrangement, Tranche Three [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting rights description	Shares will vest upon the Company’s attainment, on or before the fifth (5th) anniversary of the Vesting Commencement Date, of Cumulative EBITDA of more than $23,000,000 accumulated over four consecutive fiscal quarters.

SCHEDULE OF SHARE-BASED PAYME_2

SCHEDULE OF SHARE-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS (Details) - Performance Based Option [Member]	3 Months Ended
	Mar. 31, 2022$ / shares
Expected term (years)	6 years 6 months
Expected dividend yield
Risk-free interest rate	1.57%
Volatility	153.00%
Exercise Price	$ 1.71

SUMMARY OF GRANTS UNDER AMENDED

SUMMARY OF GRANTS UNDER AMENDED PLAN (Details) - $ / shares		3 Months Ended		12 Months Ended
		Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		2,141,061	598,665
Chief Executive Officer [Member] | Performance Based Option [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Units vesting schedule, tranche three	[1]	83,334
Chief Executive Officer [Member] | Performance Based Option [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Units vesting schedule, tranche three	[2]	83,333
Chief Executive Officer [Member] | Performance Based Option [Member] | Share-Based Payment Arrangement, Tranche Three [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Units vesting schedule, tranche three	[3]	83,333
Chief Executive Officer [Member] | Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Grant date		Mar. 3, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		598,665
Exercise Price		$ 3.60
Vested date		Mar. 3, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period		199,555
Vested Remaning contractual term		399,110
Vesting contractual term		24 equal monthly periods
Chief Executive Officer [Member] | Restricted Stock Units (RSUs) [Member] | Performance Based Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise Price		$ 3.60
Grant date		Mar. 3, 2021
Grant units		896,665
Chief Executive Officer [Member] | Restricted Stock Units (RSUs) [Member] | Performance Based Option [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Units vesting schedule, tranche three		299,555
Chief Executive Officer [Member] | Restricted Stock Units (RSUs) [Member] | Performance Based Option [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Units vesting schedule, tranche three		299,555
Chief Executive Officer [Member] | Restricted Stock Units (RSUs) [Member] | Performance Based Option [Member] | Share-Based Payment Arrangement, Tranche Three [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Units vesting schedule, tranche three		299,555
Chief Executive Officer [Member] | Performance Based Restricted Stock Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise Price				$ 1.05
Grant date				Feb. 16, 2022
Chief Executive Officer [Member] | Performance Based Restricted Stock Units [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Units vesting schedule, tranche three	[4]			344,359
Chief Executive Officer [Member] | Performance Based Restricted Stock Units [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Units vesting schedule, tranche three	[5]			344,359
Chief Executive Officer [Member] | Performance Based Restricted Stock Units [Member] | Share-Based Payment Arrangement, Tranche Three [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Units vesting schedule, tranche three	[5]			344,359
Chief Executive Officer [Member] | Performance Based Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Grant units				1,033,076
Director [Member] | Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Grant date		Aug. 17, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		200,000
Exercise Price		$ 1.89
Vested date		Aug. 17, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period		50,000
Vested Remaning contractual term		150,000
Vesting contractual term		36 equal monthly periods
Vp global operations [Member] | Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Grant date		Jan. 12, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		200,000
Exercise Price		$ 1.10
Vested date		Jan. 12, 2023
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period		66,000
Vested Remaning contractual term		134,000
Vesting contractual term		24 equal monthly periods
Group of twenty two employees [Member] | Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Grant date		Feb. 17, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		515,000
Exercise Price		$ 0.98
Vested date		Feb. 17, 2023
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period		169,950
Vested Remaning contractual term		345,050
Vesting contractual term		24 equal monthly periods
Carleton M miller [Member] | Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Grant date		Feb. 16, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		1,033,076
Exercise Price		$ 1.05
Vested date		Feb. 16, 2023
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period		258,269
Vested Remaning contractual term		774,807
Vesting contractual term		36 equal monthly periods
Mike bond [Member] | Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Grant date		Feb. 16, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		392,985
Exercise Price		$ 1.05
Vested date		Feb. 16, 2023
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period		98,246
Vested Remaning contractual term		294,739
Vesting contractual term		36 equal monthly periods
Chief Financial Officer [Member] | Restricted Stock Units (RSUs) [Member] | Performance Based Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise Price				$ 1.32
Grant date		Dec. 31, 2020
Grant units				368,715
Chief Financial Officer [Member] | Restricted Stock Units (RSUs) [Member] | Performance Based Option [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Units vesting schedule, tranche three		122,905
Chief Financial Officer [Member] | Restricted Stock Units (RSUs) [Member] | Performance Based Option [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Units vesting schedule, tranche three		122,905
Chief Financial Officer [Member] | Restricted Stock Units (RSUs) [Member] | Performance Based Option [Member] | Share-Based Payment Arrangement, Tranche Three [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Units vesting schedule, tranche three		122,905
Chief Financial Officer [Member] | Performance Based Restricted Stock Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise Price				$ 1.05
Grant date				Feb. 16, 2022
Grant units				392,985
Chief Financial Officer [Member] | Performance Based Restricted Stock Units [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Units vesting schedule, tranche three				130,995
Chief Financial Officer [Member] | Performance Based Restricted Stock Units [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Units vesting schedule, tranche three				130,995
Chief Financial Officer [Member] | Performance Based Restricted Stock Units [Member] | Share-Based Payment Arrangement, Tranche Three [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Units vesting schedule, tranche three				130,994
[1]	Shares will vest upon the Company’s attainment, on or before the fifth (5th) anniversary of the Vesting Commencement Date, of Cumulative EBITDA of more than $6,000,000 accumulated over four consecutive fiscal quarters.
[2]	Shares will vest upon the Company’s attainment, on or before the fifth (5th) anniversary of the Vesting Commencement Date, of Cumulative EBITDA of more than $15,000,000 accumulated over four consecutive fiscal quarters.
[3]	Shares will vest upon the Company’s attainment, on or before the fifth (5th) anniversary of the Vesting Commencement Date, of Cumulative EBITDA of more than $23,000,000 accumulated over four consecutive fiscal quarters.
[4]	RSUs will vest upon the Company’s attainment, on or before December 31, 2026, of revenue of more than $35,575,000 accumulated over four consecutive fiscal quarters.
[5]	RSUs will vest upon the Company’s attainment, on or before December 31, 2026, of revenue of more than $37,353,000 accumulated over four consecutive fiscal quarters.

SUMMARY OF GRANTS UNDER AMEND_2

SUMMARY OF GRANTS UNDER AMENDED PLAN (Details) (Parenthethical) - Restricted Stock Units (RSUs) [Member]	3 Months Ended
	Mar. 31, 2022
Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting rights description	RSUs will vest upon the Company’s attainment, on or before December 31, 2026, of revenue of more than $35,575,000 accumulated over four consecutive fiscal quarters.
Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting rights description	RSUs will vest upon the Company’s attainment, on or before December 31, 2026, of revenue of more than $37,353,000 accumulated over four consecutive fiscal quarters.
Share-Based Payment Arrangement, Tranche Three [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting rights description	RSUs will vest upon the Company’s attainment, on or before December 31, 2026, of revenue of more than $39,220,000 accumulated over four consecutive fiscal quarters.

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-Based Payment Arrangement, Nonemployee [Member] | Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Annual equity award of restricted stock, value	$ 40,000
Number of shares grant in period	200,000
Annual vesting period	5 years
Performance Based Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Award vesting description	three equal tranches
Performance Based Option [Member] | Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares grant in period	1,426,061	889,665

SCHEDULE OF MATCHING CONTRIBUTI

SCHEDULE OF MATCHING CONTRIBUTIONS (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Group Personal Pension Plan, UK [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Company matching contributions	$ 49,000	$ 40,000

CONCENTRATIONS (Details Narrati

CONCENTRATIONS (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Concentration Risk [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 7,154,000	$ 4,090,000
Accounts Payable, Current	$ 2,835,000		$ 3,075,000
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Single Customer [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	21.00%
Revenue from Contract with Customer, Excluding Assessed Tax	$ 1,515,000
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Single Customer One [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage		11.00%
Revenue from Contract with Customer, Excluding Assessed Tax		$ 466,000
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Single Customer [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	45.00%
Revenue from Contract with Customer, Excluding Assessed Tax	$ 4,204,000
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Single Customer One [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage		12.00%
Revenue from Contract with Customer, Excluding Assessed Tax		$ 407,000
Purchase [Member] | Supplier Concentration Risk [Member] | One Vendor [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage		13.00%
Revenue from Contract with Customer, Excluding Assessed Tax		$ 473,000
Accounts Payable [Member] | Customer Concentration Risk [Member] | One Customer [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	15.00%
Revenue from Contract with Customer, Excluding Assessed Tax	$ 438,000
Accounts Payable [Member] | Supplier Concentration Risk [Member] | Vendor One [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage		22.00%
Accounts Payable, Current		$ 636,000
Accounts Payable [Member] | Supplier Concentration Risk [Member] | Vendor Two [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage		15.00%
Accounts Payable, Current		$ 434,000
Accounts Payable [Member] | Supplier Concentration Risk [Member] | Vendor Three [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage		11.00%
Accounts Payable, Current		$ 317,000

SCHEDULE OF DISAGGREGATION OF R

SCHEDULE OF DISAGGREGATION OF REVENUE (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue, net	$ 7,154,000	$ 4,090,000
Long-Lived Assets	8,162,000	3,868,000
Equipment Sales [Member]
Disaggregation of Revenue [Line Items]
Revenue, net	6,278,000	3,766,000
Installation, Integration and Repairs [Member]
Disaggregation of Revenue [Line Items]
Revenue, net	243,000	275,000
Warranties [Member]
Disaggregation of Revenue [Line Items]
Revenue, net	339,000	49,000
Other [Member]
Disaggregation of Revenue [Line Items]
Revenue, net	294,000
North America [Member]
Disaggregation of Revenue [Line Items]
Revenue, net	2,428,000	1,692,000
South America [Member]
Disaggregation of Revenue [Line Items]
Revenue, net	50,000	146,000
Europe [Member]
Disaggregation of Revenue [Line Items]
Revenue, net	2,483,000	1,279,000
Asia [Member]
Disaggregation of Revenue [Line Items]
Revenue, net	542,000	431,000
Rest of World [Member]
Disaggregation of Revenue [Line Items]
Revenue, net	1,651,000	542,000
UNITED STATES
Disaggregation of Revenue [Line Items]
Long-Lived Assets	2,382,000	2,498,000
UNITED KINGDOM
Disaggregation of Revenue [Line Items]
Long-Lived Assets	$ 5,780,000	$ 1,370,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - Subsequent Event [Member] - UNITED KINGDOM	Apr. 28, 2022GBP (£)ft²
Subsequent Event [Line Items]
Area of land | ft²	600
Monthly rent | £	£ 1,320