Share-Based Payments (Tables)

3 Months Ended

Mar. 31, 2023

Share-Based Payment Arrangement, Noncash Expense [Abstract]

Summary of Restricted Common Stock Vesting Dates

The following is a summary of restricted equity awards vesting dates as of March 31, 2023 and December 31, 2022: 

	March 31, 2023	December 31, 2022
Vesting Date	Shares Vesting	Shares Vesting
June 2023	31,704	31,704
June 2024	10,000	10,000
Total	41,704	41,704

Schedule of Shares Issued Under the Company’s Equity Incentive Plans

The following table presents information with respect to shares issued under the Company’s Equity Incentive Plans for the three months ended March 31, 2023 and March 31, 2022:

 

	March 31, 2023			March 31, 2022(1)
	Restricted Stock Units	Weighted Average  Grant Date Fair  Value(2)		Restricted Stock Units	Weighted Average  Grant Date Fair  Value(2)
Outstanding at beginning of period	163,796	$	96.20	114,825	$	131.85
Granted(3)	2,947	11.12		556	31.90
Cancelled/forfeited	—	—		—	—
Outstanding at end of period	166,743	94.70		115,381	131.37
Unvested at end of period	41,704	$	12.52	8,116	$	34.50

(1)Amounts have been adjusted to reflect the one-for-ten reverse stock split effected July 11, 2022. See Note 2, "Basis of Presentation and Summary of Significant Accounting Policies" and Note 12, "Stockholders' Equity" contained in this Quarterly Report on Form 10-Q for details.

(2)The grant date fair value of the awards is based on the closing market price of the Company’s common stock at the grant date.

(3)Includes 2,947 and 556 shares attributed to dividends on restricted stock under the Director Deferred Fee Plan for the three months ended March 31, 2023 and March 31, 2022, respectively.