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Share-based Compensation (Tables)
 12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Schedule of Weighted Average Assumptions to Estimate Grant Date Fair Value The Company used the following weighted average assumptions to estimate the grant date fair value of the PSUs granted during the year ended December 31, 2020 and 2019:

 

 

2020

 

 

2019

 

Stock price

 

$

2.24

 

 

$

9.05

 

Volatility

 

 

53.4

%

 

 

42.3

%

Risk-free rate

 

 

0.60

%

 

 

2.42

%

Dividend yield

 

 

9.10

%

 

 

8.84

%

Derived service period

 

3.00 years

 

 

2.35 - 4.00 years

 

 
Summary of activity in unvested RSAs and PSUs

The following table summarizes the activity in our unvested RSAs and PSUs for the years ended December 31, 2020 and 2019:

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

 

 

Weighted Average

 

 

 

Restricted

 

 

Grant-Date

 

 

Performance Stock

 

 

Grant-Date

 

 

 

Stock

 

 

Fair Value

 

 

Units

 

 

Fair Value

 

Unvested at December 31, 2018

 

 

-

 

 

$

-

 

 

 

-

 

 

$

-

 

Granted

 

 

419,640

 

 

$

8.14

 

 

 

1,413,334

 

 

$

3.45

 

Vested

 

 

(110,598

)

 

$

8.27

 

 

 

-

 

 

$

-

 

Forfeited

 

 

(25,125

)

 

$

7.97

 

 

 

-

 

 

$

-

 

Unvested at December 31, 2019

 

 

283,917

 

 

$

8.10

 

 

 

1,413,334

 

 

$

3.45

 

Granted

 

 

337,744

 

 

$

2.48

 

 

 

751,286

 

 

$

0.64

 

Vested

 

 

(143,466

)

 

$

7.31

 

 

 

-

 

 

$

-

 

Forfeited

 

 

(1,958

)

 

$

6.00

 

 

 

-

 

 

$

-

 

Unvested at December 31, 2020

 

 

476,237

 

 

$

4.36

 

 

 

2,164,620

 

 

$

2.48