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Stock Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Assumptions Used in Estimating the Fair Value of Options Granted The following assumptions were used in estimating the fair value of options granted in the years ended December 31, 2021 and December 31, 2020:
 
 
  
2021
 
 
2020
 
Dividend yield
  
 
0.00
% 
 
 
0.00
% 
Risk-free interest rate
  
 
0.96
% 
 
 
0.45
% 
Expected volatility
  
 
24.64
% 
 
 
24.00
% 
Weighted average expected life
  
 
6.5
 
 
 
6.5
 
Weighted average per share value of options
  
$
2.10
 
 
$
1.98
 
Summary of Stock Option Activity
A summary of the Company’s stock option activity for the years ended December 31, 2021 and 2020 is presented below.
 
Stock Options
   
Shares
(1)
     
Weighted
Average
Exercise Price
     
Weighted
Average
Remaining in
Contractual
Term (Years)
     
Aggregate
Intrinsic
Value
  
Outstanding and exercisable December 31, 2019
      —        $ —          —          —    
Granted
      287,097        5.99        —            1,138,663  
Exercised
      —          —          —          —    
Forfeited
      —          —          —          —    
    
 
 
     
 
 
     
 
 
     
 
 
  
Outstanding December 31, 2020
      287,097        5.99        9.30        1,138,663  
    
 
 
     
 
 
     
 
 
     
 
 
  
Options exercisable at December 31, 2020
      —        $ —          —          —  
    
 
 
     
 
 
     
 
 
     
 
 
  
Granted
(2)
      37,316        7.76        —          120,526  
Exercised
      (4,738 )       6.27        —          23,274  
Forfeited
      (18,955 )       6.27        —          91,574  
    
 
 
     
 
 
     
 
 
     
 
 
  
Outstanding December 31, 2021
      300,720        6.19        8.40        1,443,067  
    
 
 
     
 
 
     
 
 
     
 
 
  
Options exercisable at December 31, 2021
      52,677      $ 5.97        8.30        264,489  
    
 
 
     
 
 
     
 
 
     
 
 
  
 
(1)
 
Share amounts reflected in the tables are adjusted for the 1.3163 to 1 common share conversion ratio as part of the conversion and offering.
(2)
Includes 10,527 shares granted as a nonqualified stock option inducement award to the Company’s President and Chief Operating Officer.
Summary of Nonvested Stock option Activity
 
Stock Options
   
Shares
(1)
     
Weighted Average Grant
Date Fair Value
  
Nonvested at December 31, 2019
      —        $ —    
Granted
      287,097        1.98  
Vested
      —          —    
Forfeited
      —          —    
    
 
 
     
 
 
  
Nonvested at December 31, 2020
      287,097      $ 1.98  
    
 
 
     
 
 
  
Nonvested at December 31, 2020
      287,097      $ 1.98  
Granted
(2)
      37,316        2.10  
Vested
      (57,415 )       1.50  
Forfeited
      (18,955 )       1.61  
    
 
 
     
 
 
  
Nonvested at December 31, 2021
      248,043      $ 1.58  
    
 
 
     
 
 
  
 
(1)
 
Share amounts reflected in the tables are adjusted for the 1.3163 to 1 common share conversion ratio as part of the conversion and offering. 
(2)
Includes 10,527 shares granted as a nonqualified stock option inducement award to the Company’s President and Chief Operating Officer.
Summary of Restricted Stock Unit Activity
The following table summarizes information about the Company’s restricted stock activity for the years ended December 31, 2021 and 2020:
 
Restricted Stock
  
Shares
(1)
 
  
Weighted Average
Grant Date Fair Value
 
Nonvested at December 31, 2019
      —        $ —    
Granted
      111,802        5.98  
Vested
      —          —    
Forfeited
      —          —    
Nonvested at December 31, 2020
      111,802      $ 5.98  
    
 
 
     
 
 
  
Nonvested at December 31, 2020
      111,802      $ 5.98  
Granted
(2)
      15,052        7.76  
Vested
(3)
      (22,355 )       5.98  
Forfeited
      (7,371 )       6.06  
Nonvested at December 31, 2021
      97,128      $ 6.25  
    
 
 
     
 
 
  
 
(1)
 
Share amounts reflected in the tables are adjusted for the 1.3163 to 1 common share conversion ratio as part of the conversion and offering. 
(2)
 
Includes 1,313 shares granted as a nonqualified stock option inducement award to the Company’s President and Chief Operating Officer.
(3)
 
Includes 6,305 shares surrendered by employees to cover payroll tax costs related to the vested shares.