STOCK PLANS (Tables)

6 Months Ended

Jun. 30, 2023

STOCK PLANS [Abstract]

Stock Option Activity

The following table presents the activity related to stock options for the three months ended June 30, 2023.

	Number of Shares		Weighted Average Exercise Price		Aggregate Intrinsic Value		Weighted Average Remaining Contractual Term (in years)
Options outstanding at Beginning of Period		663,678	$	8.56
Granted		—		—
Expired		—		—
Cancelled / Forfeited		—		—
Exercised		—		—
Options outstanding at End of Period		663,678	$	8.56	$	240,488		4.95
Exercisable (vested) at End of Period		578,314	$	8.39	$	240,488		4.58

The following table presents the activity related to stock options for the six months ended June 30, 2023.

	Number of Shares			Weighted Average Exercise Price		Aggregate Intrinsic Value		Weighted Average Remaining Contractual Term (in years)
Options outstanding at Beginning of Period		684,837		$	8.41
Granted		—			—
Expired		—			—
Cancelled / Forfeited		—			—
Exercised		(21,159	)		3.83
Options outstanding at End of Period		663,678		$	8.56	$	240,488		4.95
Exercisable (vested) at End of Period		578,314		$	8.39	$	240,488		4.58

Activity Related to Restricted Stock

The following table presents the activity related to non-vested restricted stock for the three months ended June 30,2023.

	Number of Shares		Weighted Average Grant Date Fair Value			Aggregate Intrinsic Value	Weighted Average Remaining Contractual Term (in years)
Non-vested Restricted stock outstanding at Beginning of Period		273,973	$	9.18
Granted		1,500		7.10
Cancelled / Forfeited		—		—
Exercised/Released/Vested		—		—
Non-vested restricted stock outstanding at End of Period		275,473	$	9.17	$	1,928,311	2.94

The following table presents the activity related to non-vested restricted stock for the six months ended June 30, 2023.

	Number of Shares			Weighted Average Grant Date Fair Value			Aggregate Intrinsic Value	Weighted Average Remaining Contractual Term (in years)
Non-vested Restricted stock outstanding at Beginning of Period		248,418		$	9.34
Granted		77,351			8.49
Cancelled / Forfeited		—			—
Exercised/Released/Vested		(50,296	)		8.96
Non-vested restricted stock outstanding at End of Period		275,473		$	9.17	$	1,928,311	2.94

Weighted Average Assumptions Used in Valuing ESPP

A summary of the weighted average assumptions used in valuing ESPP issuances during the three and six months ended June 30, 2023 is presented below.

	Three Months Ended June 30, 2023			Six Months Ended June 30, 2023
Risk Free Interest Rate		4.75	%		4.75	%
Expected Dividend Yield		0.00	%		0.00	%
Expected Life in Years		1.00			1.00
Expected Price Volatility		16.58	%		16.58	%