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Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Outstanding Restricted Stock Units
A summary of the status of the Company's service-based RSU grants issued, and the changes during the six months ended June 30, 2021 is presented below:
SharesWeighted Average Fair Value per Share
Nonvested at December 31, 2020— $— 
Granted387,750 7.29 
Vested(143,250)7.29 
Forfeited— — 
Nonvested at June 30, 2021244,500 10.28
A summary of the status of the non-vested PSUs during the six months ended June 30, 2021 is as follows:
SharesWeighted Average Fair Value per Share
Non-vested at December 31, 2020— $— 
Granted303,750 7.29 
Vested— — 
Forfeited— — 
Non-vested at June 30, 2021303,750 $10.28 
Schedule of Share-based Payment Award, Performance-Based Restricted Stock Units, Valuation Assumptions
A range of assumptions used in the Monte Carlo simulation valuation approach is as follows:
Six Months Ended June 30, 2021
Weighted-average fair value of PSUs granted$7.29 
Risk-free interest rate0.21 %
Expected life3.6
Expected volatility125 %
Dividend yield—