Stock Award Plans and Stock Based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

Key weighted-average assumptions used to apply this pricing model during the years ended December 31, 2022 and 2021 were as follows:

	For the Years Ended December 31,
	2022		2021
Risk-free interest rate	1.50% - 1.76%		0.59% - 1.26%
Expected life of option grants	5 years		5 years
Expected volatility of underlying stock	37.24% - 37.45%		37.21% - 38.15%
Dividends assumption	$	—	$	—

Stock Option Activity

See below for a summary of the stock options granted under the 2011 and 2018 plans:

	2011 Plan	2018 Plan	Non Plan	Total	Weighted Average Exercise Price		Aggregate Intrinsic Value (in thousands)
Outstanding at January 1, 2021	96	72,666	1	72,763	$	1,782.00	$	—
Granted	—	190,476	—	190,476	71.25		—
Exercised	—	(277)	—	(277)	82.50		—
Expired	(23)	(3,051)	—	(3,074)	6,980.25		—
Forfeitures	—	(7,882)	—	(7,882)	101.25		—
Outstanding at December 31, 2021	73	251,932	1	252,006	$	28,358.30	$	—
Granted	—	132,669	—	132,669	39.74		—
Exercised	—	—	—	—	—		—
Expired	(16)	(14,451)	—	(14,467)	80,713.98		—
Forfeitures	—	(18,621)	—	(18,621)	74.97		—
Outstanding at December 31, 2022	57	351,529	1	351,587	$	17,016.13	$	—
Exercisable at December 31, 2022	57	234,776	1	234,834	$	25,446.10	$	—

Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

The following table summarizes restricted stock-based award activity granted:

	Number of Shares	Weighted Average Grant Date Fair Value
Balance, January 1, 2021	—	$	—
Granted	74,598	$	134.25
Forfeited	(18,827)	$	132.00
Balance, December 31, 2021	55,770	$	135.00
Granted	—	$	—
Forfeited	(12,802)	$	137.25
Balance, December 31, 2022	42,968	$	134.26