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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table

Our Chief Executive Officer is the principal executive officer (“PEO”). As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between “compensation actually paid” to our PEO and to our other named executive officers (the “non-PEO NEOs”)

and certain financial performance measures of the Company. Compensation actually paid, as determined under SEC requirements, does not reflect the actual amount of compensation earned by or paid to our executive officers during a covered year.

Value of Initial

Summary

Summary

Average Summary

Average

Fixed $100

Compensation

Compensation

Compensation

Compensation

Compensation

Compensation

Investment

Table Total

Actually Paid

Table Total

Actually Paid

Table Total

Actually Paid

Based on Total

for PEO

to PEO

for PEO

to PEO

for Non-

to Non-PEO

Shareholder

Net Income

Year

  

(Kavanaugh)1,2

  

(Kavanaugh)3

  

(Messier)1,2

  

(Messier)4

  

PEO NEOs5

  

NEOs6

  

Return7

  

(Loss)8

(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

2024

$

265,000

$

265,000

$

$

$

250,000

$

250,000

$

71.16

$

27,524

2023

112,903

112,903

55.37

(4,571,279)

2022

63,300

63,300

211,472

211,472

58.89

(4,769,241)

1

Mr. Messier served as the Company’s Chief Executive Officer during fiscal year 2022 and during fiscal year 2023 until July 18, 2023. Mr. Kavanaugh was appointed as the Company’s interim President and Chief Executive Officer, effective July 18, 2023, and he was appointed as the Company’s President and Chief Executive Officer on a permanent basis on October 18, 2023.

2

The dollar amounts reported in columns (b) and (d) are the amounts of total compensation reported for Messrs. Kavanaugh and Messier, respectively, in the “Total” column of the Summary Compensation Table in the applicable year. We did not provide Mr. Kavanaugh with any compensation during the year ended December 31, 2023.

3

The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to Mr. Kavanaugh in fiscal years 2024, 2023 and 2022, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Kavanaugh during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Mr. Kavanaugh’s total compensation for each year to determine the compensation actually paid:

 

FY2024

    

FY2023

    

FY2022

Total Compensation for PEO as reported in the Summary Compensation Table for the covered fiscal year

$

265,000

$

$

Deduct pension values reported in the “Change in Pension and Nonqualified Deferred Compensation Earnings” column in the Summary Compensation Table for the covered fiscal year

 

 

Deduct grant date fair value of equity awards reported in the “Stock Awards” column in the Summary Compensation Table for the covered fiscal year

$

190,000

$

Add actuarial present value of pension value attributable to covered fiscal year’s service

 

Add the entire cost of benefits granted (or credit for benefits reduced) in a plan amendment (or initiation) during the covered fiscal year that are attributed by the benefit formula to services rendered in periods prior to the plan amendment or initiation

 

 

Add fair value as of the end of the covered fiscal year of all equity awards granted during the covered fiscal year that are outstanding and unvested as of the end of such covered fiscal year

 

 

Add fair value as of the vesting date of any awards granted in the covered fiscal year that vested during the covered fiscal year

$

190,000

$

Add dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year

 

 

Add the change in fair value (whether positive or negative) as of the end of the covered fiscal year (from the end of the prior fiscal year) of any equity awards granted in any prior fiscal year that are outstanding and unvested as of the end of such covered fiscal year

 

 

Add the change in fair value (whether positive or negative) as of the vesting date (from the end of the prior fiscal year) of any equity awards granted in any prior fiscal year for which all applicable vesting conditions were satisfied during the covered fiscal year

 

 

Subtract the fair value of any equity awards granted in a prior fiscal year that failed to meet the applicable vesting conditions in the covered fiscal year determined as of the end of the prior fiscal year

 

 

Compensation Actually Paid to PEO

$

265,000

$

$

4

The dollar amounts reported in column (e) represent the amount of “compensation actually paid” to Mr. Messier in fiscal years 2023, 2022 and 2021, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Messier during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Mr. Messier’s total compensation for each year to determine the compensation actually paid:

 

FY2024

    

FY2023

    

FY2022

Total Compensation for PEO as reported in the Summary Compensation Table for the covered fiscal year

$

$

$

63,300

Deduct pension values reported in the “Change in Pension and Nonqualified Deferred Compensation Earnings” column in the Summary Compensation Table for the covered fiscal year

 

 

Deduct grant date fair value of equity awards reported in the “Stock Awards” column in the Summary Compensation Table for the covered fiscal year

$

$

63,300

Add actuarial present value of pension value attributable to covered fiscal year’s service

 

Add the entire cost of benefits granted (or credit for benefits reduced) in a plan amendment (or initiation) during the covered fiscal year that are attributed by the benefit formula to services rendered in periods prior to the plan amendment or initiation

 

 

Add fair value as of the end of the covered fiscal year of all equity awards granted during the covered fiscal year that are outstanding and unvested as of the end of such covered fiscal year

 

 

Add fair value as of the vesting date of any awards granted in the covered fiscal year that vested during the covered fiscal year

$

$

63,300

Add dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year

 

 

Add the change in fair value (whether positive or negative) as of the end of the covered fiscal year (from the end of the prior fiscal year) of any equity awards granted in any prior fiscal year that are outstanding and unvested as of the end of such covered fiscal year

 

 

Add the change in fair value (whether positive or negative) as of the vesting date (from the end of the prior fiscal year) of any equity awards granted in any prior fiscal year for which all applicable vesting conditions were satisfied during the covered fiscal year

 

 

Subtract the fair value of any equity awards granted in a prior fiscal year that failed to meet the applicable vesting conditions in the covered fiscal year determined as of the end of the prior fiscal year

 

 

Compensation Actually Paid to PEO

$

$

$

63,300

5

The dollar amounts reported in column (f) represent the average of the amounts reported for the Company’s non-PEO NEOs as a group in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs included for the purpose of calculating the average amounts in each applicable year are as follows: (1) for fiscal year 2024, Mr. C. Brent Winn, Jr. (2) for fiscal year 2023, Messrs. C. Brent Winn, Jr., William R. Elliott, and Colin M. Elliott; and (3) for fiscal year 2022, Messrs. William R. Elliott, C. Brent Winn, Jr., and Colin M. Elliott.

6

The dollar amounts reported in column (g) represent the average amount of “compensation actually paid” to the non-PEO NEOs as a group, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the non-PEO NEOs as a group during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for the non-PEO NEOs as a group for each year to determine the compensation actually paid:

    

FY2024

    

FY2023

    

FY2022

Total Average Compensation for non-PEO NEOs as reported in the Summary Compensation Table for the covered fiscal year

$

250,000

$

112,903

$

211,472

Deduct pension values reported in the “Change in Pension and Nonqualified Deferred Compensation Earnings” column in the Summary Compensation Table for the covered fiscal year

 

 

 

Deduct grant date fair value of equity awards reported in the “Stock Awards” column in the Summary Compensation Table for the covered fiscal year

 

$

73,300

Add actuarial present value of pension value attributable to covered fiscal year’s service

 

 

 

Add the entire cost of benefits granted (or credit for benefits reduced) in a plan amendment (or initiation) during the covered fiscal year that are attributed by the benefit formula to services rendered in periods prior to the plan amendment or initiation

 

 

 

Add fair value as of the end of the covered fiscal year of all equity awards granted during the covered fiscal year that are outstanding and unvested as of the end of such covered fiscal year

 

 

 

Add fair value as of the vesting date of any awards granted in the covered fiscal year that vested during the covered fiscal year

 

$

73,300

Add dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year

 

 

 

Add the change in fair value (whether positive or negative) as of the end of the covered fiscal year (from the end of the prior fiscal year) of any equity awards granted in any prior fiscal year that are outstanding and unvested as of the end of such covered fiscal year

 

 

 

Add the change in fair value (whether positive or negative) as of the vesting date (from the end of the prior fiscal year) of any equity awards granted in any prior fiscal year for which all applicable vesting conditions were satisfied during the covered fiscal year

 

 

 

Subtract the fair value of any equity awards granted in a prior fiscal year that failed to meet the applicable vesting conditions in the covered fiscal year determined as of the end of the prior fiscal year

 

 

 

Compensation Actually Paid to non-PEO NEOs

$

250,000

$

112,903

$

211,472

7

Total Shareholder Return in column (h) is cumulative for the measurement periods beginning on December 31, 2021 and ending on December 31 of each of 2024, 2023 and 2022, respectively, calculated in accordance with Item 201(e) of Regulation S-K.

8The dollar amounts reported in column (i) represent the amount of net income (loss) reflected in the Company’s audited financial statements for the applicable fiscal year.

   
Company Selected Measure Name Total Shareholder Return    
Named Executive Officers, Footnote Mr. Messier served as the Company’s Chief Executive Officer during fiscal year 2022 and during fiscal year 2023 until July 18, 2023. Mr. Kavanaugh was appointed as the Company’s interim President and Chief Executive Officer, effective July 18, 2023, and he was appointed as the Company’s President and Chief Executive Officer on a permanent basis on October 18, 2023.    
Adjustment To PEO Compensation, Footnote

 

FY2024

    

FY2023

    

FY2022

Total Compensation for PEO as reported in the Summary Compensation Table for the covered fiscal year

$

265,000

$

$

Deduct pension values reported in the “Change in Pension and Nonqualified Deferred Compensation Earnings” column in the Summary Compensation Table for the covered fiscal year

 

 

Deduct grant date fair value of equity awards reported in the “Stock Awards” column in the Summary Compensation Table for the covered fiscal year

$

190,000

$

Add actuarial present value of pension value attributable to covered fiscal year’s service

 

Add the entire cost of benefits granted (or credit for benefits reduced) in a plan amendment (or initiation) during the covered fiscal year that are attributed by the benefit formula to services rendered in periods prior to the plan amendment or initiation

 

 

Add fair value as of the end of the covered fiscal year of all equity awards granted during the covered fiscal year that are outstanding and unvested as of the end of such covered fiscal year

 

 

Add fair value as of the vesting date of any awards granted in the covered fiscal year that vested during the covered fiscal year

$

190,000

$

Add dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year

 

 

Add the change in fair value (whether positive or negative) as of the end of the covered fiscal year (from the end of the prior fiscal year) of any equity awards granted in any prior fiscal year that are outstanding and unvested as of the end of such covered fiscal year

 

 

Add the change in fair value (whether positive or negative) as of the vesting date (from the end of the prior fiscal year) of any equity awards granted in any prior fiscal year for which all applicable vesting conditions were satisfied during the covered fiscal year

 

 

Subtract the fair value of any equity awards granted in a prior fiscal year that failed to meet the applicable vesting conditions in the covered fiscal year determined as of the end of the prior fiscal year

 

 

Compensation Actually Paid to PEO

$

265,000

$

$

4

The dollar amounts reported in column (e) represent the amount of “compensation actually paid” to Mr. Messier in fiscal years 2023, 2022 and 2021, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Messier during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Mr. Messier’s total compensation for each year to determine the compensation actually paid:

 

FY2024

    

FY2023

    

FY2022

Total Compensation for PEO as reported in the Summary Compensation Table for the covered fiscal year

$

$

$

63,300

Deduct pension values reported in the “Change in Pension and Nonqualified Deferred Compensation Earnings” column in the Summary Compensation Table for the covered fiscal year

 

 

Deduct grant date fair value of equity awards reported in the “Stock Awards” column in the Summary Compensation Table for the covered fiscal year

$

$

63,300

Add actuarial present value of pension value attributable to covered fiscal year’s service

 

Add the entire cost of benefits granted (or credit for benefits reduced) in a plan amendment (or initiation) during the covered fiscal year that are attributed by the benefit formula to services rendered in periods prior to the plan amendment or initiation

 

 

Add fair value as of the end of the covered fiscal year of all equity awards granted during the covered fiscal year that are outstanding and unvested as of the end of such covered fiscal year

 

 

Add fair value as of the vesting date of any awards granted in the covered fiscal year that vested during the covered fiscal year

$

$

63,300

Add dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year

 

 

Add the change in fair value (whether positive or negative) as of the end of the covered fiscal year (from the end of the prior fiscal year) of any equity awards granted in any prior fiscal year that are outstanding and unvested as of the end of such covered fiscal year

 

 

Add the change in fair value (whether positive or negative) as of the vesting date (from the end of the prior fiscal year) of any equity awards granted in any prior fiscal year for which all applicable vesting conditions were satisfied during the covered fiscal year

 

 

Subtract the fair value of any equity awards granted in a prior fiscal year that failed to meet the applicable vesting conditions in the covered fiscal year determined as of the end of the prior fiscal year

 

 

Compensation Actually Paid to PEO

$

$

$

63,300

   
Non-PEO NEO Average Total Compensation Amount $ 250,000 $ 112,903 $ 211,472
Non-PEO NEO Average Compensation Actually Paid Amount $ 250,000 112,903 211,472
Adjustment to Non-PEO NEO Compensation Footnote

    

FY2024

    

FY2023

    

FY2022

Total Average Compensation for non-PEO NEOs as reported in the Summary Compensation Table for the covered fiscal year

$

250,000

$

112,903

$

211,472

Deduct pension values reported in the “Change in Pension and Nonqualified Deferred Compensation Earnings” column in the Summary Compensation Table for the covered fiscal year

 

 

 

Deduct grant date fair value of equity awards reported in the “Stock Awards” column in the Summary Compensation Table for the covered fiscal year

 

$

73,300

Add actuarial present value of pension value attributable to covered fiscal year’s service

 

 

 

Add the entire cost of benefits granted (or credit for benefits reduced) in a plan amendment (or initiation) during the covered fiscal year that are attributed by the benefit formula to services rendered in periods prior to the plan amendment or initiation

 

 

 

Add fair value as of the end of the covered fiscal year of all equity awards granted during the covered fiscal year that are outstanding and unvested as of the end of such covered fiscal year

 

 

 

Add fair value as of the vesting date of any awards granted in the covered fiscal year that vested during the covered fiscal year

 

$

73,300

Add dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year

 

 

 

Add the change in fair value (whether positive or negative) as of the end of the covered fiscal year (from the end of the prior fiscal year) of any equity awards granted in any prior fiscal year that are outstanding and unvested as of the end of such covered fiscal year

 

 

 

Add the change in fair value (whether positive or negative) as of the vesting date (from the end of the prior fiscal year) of any equity awards granted in any prior fiscal year for which all applicable vesting conditions were satisfied during the covered fiscal year

 

 

 

Subtract the fair value of any equity awards granted in a prior fiscal year that failed to meet the applicable vesting conditions in the covered fiscal year determined as of the end of the prior fiscal year

 

 

 

Compensation Actually Paid to non-PEO NEOs

$

250,000

$

112,903

$

211,472

   
Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Total Shareholder Return

The following graph compares the compensation actually paid to our PEOs, the average of the compensation actually paid to our non-PEO NEOs and the Company’s total shareholder return performance.

Graphic

   
Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Net Loss

The following graph compares the compensation actually paid to our PEOs and the average of the compensation actually paid to our non-PEO NEOs with our net loss.

Graphic

   
Total Shareholder Return Amount $ 71.16 55.37 58.89
Net Income (Loss) $ 27,524 $ (4,571,279) (4,769,241)
PEO Name Mr. Kavanaugh    
Mr. Kavanaugh [Member]      
Pay vs Performance Disclosure      
PEO Total Compensation Amount $ 265,000    
PEO Actually Paid Compensation Amount 265,000    
Mr. Messier [Member]      
Pay vs Performance Disclosure      
PEO Total Compensation Amount     63,300
PEO Actually Paid Compensation Amount     63,300
PEO | Mr. Kavanaugh [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (190,000)    
PEO | Mr. Kavanaugh [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 190,000    
PEO | Mr. Messier [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     (63,300)
PEO | Mr. Messier [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     63,300
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     (73,300)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     $ 73,300