XML 144 R69.htm IDEA: XBRL DOCUMENT v3.22.1
STOCKHOLDERS’ EQUITY - NARRATIVE (Details)
12 Months Ended
Oct. 07, 2021
USD ($)
$ / shares
shares
Aug. 28, 2021
USD ($)
shares
Jun. 30, 2021
USD ($)
shares
Jun. 11, 2021
USD ($)
$ / shares
shares
Jan. 20, 2021
USD ($)
$ / shares
shares
Sep. 01, 2020
USD ($)
$ / shares
shares
Dec. 31, 2021
USD ($)
vote
$ / shares
shares
Dec. 31, 2020
USD ($)
shares
Nov. 03, 2021
USD ($)
Aug. 28, 2020
USD ($)
$ / shares
shares
Class of Stock [Line Items]                    
Common stock, shares authorized (in shares)             50,000,000 50,000,000    
Common stock, shares, issued (in shares)             13,155,342 5,636,548    
Common stock outstanding (in shares)             13,155,342 5,636,548    
Common stock, voting rights | vote             1      
Preferred stock, shares authorized (in shares)             10,000,000 10,000,000    
Preferred stock, shares issued (in shares)             4,016,955 0    
Preferred stock, shares outstanding (in shares)             4,016,955 0    
Preferred stock, dividend rate, percentage             8.00%      
Preferred stock accrued dividend | $             $ 670,900 $ 0    
Conversion of common stock and preferred stock | $               497,000    
Net proceeds from issuance of common stock | $             25,101,000 10,789,000    
Net proceeds from issuance of preferred stock | $             66,572,300 $ 0    
Stock repurchased during period, value | $             $ 5,000,000      
Common Stock                    
Class of Stock [Line Items]                    
Conversion of common stock and preferred stock (in shares)             20,000 82,826    
Conversion of common stock and preferred stock | $             $ 64,800 $ 497,000    
Stock repurchase program, authorized amount | $                 $ 5,000,000  
Stock repurchase program, amount of shares authorized to be repurchased, percentage                 17.00%  
Repurchase of stock (in shares)             1,806,752      
Average price (in dollars per share) | $ / shares             $ 2.77      
Stock repurchased during period, value | $             $ 5,000,000      
Maximum                    
Class of Stock [Line Items]                    
Preferred stock, dividend terms             20 days      
Preferred Stock Offering Warrant                    
Class of Stock [Line Items]                    
Class of warrant or right, number of securities called by warrants or rights (in shares)       4,140,000            
Class of warrant or right, exercise price of warrants or rights (in dollars per share) | $ / shares       $ 5.00            
Warrants and rights outstanding, term       5 years            
Warrants and rights outstanding | $       $ 3,700,000            
Class of warrant or right, outstanding (in shares)       2            
Preferred Stock Offering Warrant | Common Stock                    
Class of Stock [Line Items]                    
Class of warrant or right, number of securities called by warrants or rights (in shares)       36,000            
Follow-On Preferred Stock Offering Warrants                    
Class of Stock [Line Items]                    
Class of warrant or right, exercise price of warrants or rights (in dollars per share) | $ / shares $ 2.97                  
Warrants and rights outstanding, term       5 years            
Warrants and rights outstanding | $ $ 6,000,000                  
IPO | Common Stock                    
Class of Stock [Line Items]                    
Sale of stock, number of shares issued in transaction (in shares)           2,031,705        
Share price per share (in dollars per share) | $ / shares           $ 6.00        
Proceeds from issuance initial public offering | $           $ 12,200,000        
Sale of stock, consideration received on transaction | $           $ 10,800,000        
IPO | Common Stock | Olympic Views, LLC                    
Class of Stock [Line Items]                    
Share price per share (in dollars per share) | $ / shares                   $ 6.00
Conversion of common stock and preferred stock (in shares)   82,826                
Conversion of common stock and preferred stock | $   $ 400,000                
Accrued interest | $                   $ 100,000
Over-Allotment Option                    
Class of Stock [Line Items]                    
Sale of stock, number of shares issued in transaction (in shares) 360,000                  
Net proceeds from issuance of preferred stock | $ $ 5,400,000                  
Over-Allotment Option | Common Stock                    
Class of Stock [Line Items]                    
Sale of stock, number of shares issued in transaction (in shares)         1,200,000 265,005        
Over-Allotment Option | Initial Public Offering Warrants                    
Class of Stock [Line Items]                    
Class of warrant or right, number of securities called by warrants or rights (in shares)                   88,335
Class of warrant or right, exercise price of warrants or rights (in dollars per share) | $ / shares                   $ 7.50
Warrants and rights outstanding, term                   4 years
Warrants and rights outstanding | $                   $ 200,000
Over-Allotment Option | Follow-On Offering Warrants                    
Class of Stock [Line Items]                    
Class of warrant or right, number of securities called by warrants or rights (in shares)         400,000          
Class of warrant or right, exercise price of warrants or rights (in dollars per share) | $ / shares         $ 3.75          
Warrants and rights outstanding, term         5 years          
Warrants and rights outstanding | $         $ 500,000          
Over-Allotment Option | Preferred Stock Offering Warrant                    
Class of Stock [Line Items]                    
Class of warrant or right, number of securities called by warrants or rights (in shares)       540,000            
Over-Allotment Option | Follow-On Preferred Stock Offering Warrants                    
Class of Stock [Line Items]                    
Class of warrant or right, number of securities called by warrants or rights (in shares) 1,800,000                  
Follow-on Offering | Common Stock                    
Class of Stock [Line Items]                    
Sale of stock, number of shares issued in transaction (in shares)         9,200,000          
Share price per share (in dollars per share) | $ / shares         $ 3.00          
Sale of stock, consideration received on transaction | $         $ 25,100,000          
Net proceeds from issuance of common stock | $         $ 27,600,000          
Preferred Stock Offering                    
Class of Stock [Line Items]                    
Sale of stock, consideration received on transaction | $ $ 37,900,000                  
Proceeds from issuance of preferred stock and warrants | $ $ 36,000,000     $ 30,000,000            
Preferred Stock Offering | Follow-On Preferred Stock Offering Warrants                    
Class of Stock [Line Items]                    
Class of warrant or right, number of securities called by warrants or rights (in shares) 13,800,000                  
Series A Preferred Stock                    
Class of Stock [Line Items]                    
Preferred stock, shares issued (in shares)             4,016,955      
Preferred stock, shares outstanding (in shares)             4,016,955      
Preferred stock, dividend rate, percentage             8.00%      
Preferred stock, liquidation preference per share (in dollars per share) | $ / shares             $ 25.00      
Preferred stock, convertible, conversion price (in dollars per share) | $ / shares             $ 4.50      
Preferred Stock, convertible, shares issuable (in shares)             5.556      
Series A Preferred Stock | Preferred Stock Offering Warrant                    
Class of Stock [Line Items]                    
Class of warrant or right, number of securities called by warrants or rights (in shares)       12,000            
Series A Preferred Stock | Over-Allotment Option                    
Class of Stock [Line Items]                    
Sale of stock, number of shares issued in transaction (in shares)     60,555              
Net proceeds from issuance of preferred stock | $     $ 1,400,000              
Series A Preferred Stock | Preferred Stock Offering                    
Class of Stock [Line Items]                    
Sale of stock, number of shares issued in transaction (in shares) 2,400,000     1,200,000            
Sale of stock, consideration received on transaction | $     $ 28,700,000