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Stock Options (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of Company's Stock Options Activity

A summary of the Company’s stock options activity for the 2003 and 2012 Plan is presented below:

 

 

 

Number
of Options

 

 

Weighted
Average
Exercise Price
($/option)

 

 

Aggregate
Intrinsic
Value ($)

 

 

Outstanding as of January 1, 2022

 

 

172,500

 

 

$

4.98

 

 

$

257,025

 

 

Granted

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

Forfeited / Expired

 

 

 

 

 

 

 

 

 

 

Outstanding as of December 31, 2022

 

 

172,500

 

 

$

4.98

 

 

$

257,025

 

 

Vested and expected to vest at December 31, 2022

 

 

172,500

 

 

$

4.98

 

 

 

257,025

 

 

Exercisable as of December 31, 2022

 

 

172,500

 

 

$

4.98

 

 

$

257,025

 

Summary of Company's Non-Vested Restricted Shares Activity

As of December 31, 2022

 

 

 

Exercise
Prices
($/option)

 

 

Number of
Options
Outstanding

 

 

Remaining
Average
Contractual
Life (years)

 

 

Average
Exercise Price
($/option)

 

 

Number
of Options
Exercisable

 

 

Remaining
Contractual
Life (years)

 

 

Average
Exercise Price
($/option)

 

 

 

$

4.98

 

 

 

172,500

 

 

 

0.33

 

 

 

4.98

 

 

 

172,500

 

 

 

0.33

 

 

$

4.98

 

 

 

 

-

 

 

 

172,500

 

 

 

0.33

 

 

 

4.98

 

 

 

172,500

 

 

 

0.33

 

 

 

4.98