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STOCK BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Restricted Stock Activity

The following is a summary of the Company's restricted stock activity during the three months ended March 31, 2023:

 

 

 

Number of Non-vested Restricted Shares

 

 

Weighted Average Grant Date Fair Value

 

Outstanding, January 1, 2023

 

 

181,215

 

 

$

10.45

 

Granted

 

 

 

 

 

 

Vested

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

Outstanding, March 31, 2023

 

 

181,215

 

 

$

10.45

 

 

Summary of Option Activity

The following is a summary of the Company's option activity during the three months ended March 31, 2023:

 

 

 

Number of Stock Options

 

 

Weighted Average Exercise Price

 

 

Weighted Average Remaining Contractual Term (in years)

 

 

Aggregate Intrinsic Value

 

Outstanding, January 1, 2023

 

 

523,619

 

 

$

10.45

 

 

 

6.5

 

 

$

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, March 31, 2023

 

 

523,619

 

 

$

10.45

 

 

 

5.9

 

 

$

 

Options exercisable at March 31, 2022

 

 

104,724

 

 

 

 

 

 

 

 

$