Stockholders’ Equity (Tables)

12 Months Ended

Dec. 31, 2023

Stockholders’ Equity [Abstract]

Schedule of Restricted Stock Awards

Based on the closing market price of our common stock on December 31, 2023, the aggregate intrinsic value of our restricted stock awards was as follows:

	As of December 31, 2023				As of December 31, 2022
	Outstanding		Vested		Outstanding		Vested
Aggregate intrinsic value	$	5,525,370	$	937,068	$	797,881	$	422,548

Schedule of Restricted Stock Activity

The following table summarizes the restricted stock activity for the Company’s directors and officers and employees of the Manager during the years ended December 31, 2023 and 2022.

	Year ended December 31, 2023			Weighted Average Grant Date Fair Value per Share
Balance at December 31, 2022		80,984		$	15.71
Granted		323,452		$	14.75
Vested		(35,599	)	$	15.78
Forfeited		(2,190	)	$	16.00
Unvested Balance at December 31, 2023		366,647		$	14.86

	Year ended December 31, 2022			Weighted Average Grant Date Fair Value per Share
Balance at January 1, 2022		98,440		$	16.00
Granted		24,880			15.07
Vested		(28,039	)	$	16.00
Forfeited		(14,297	)	$	16.00
Unvested Balance at December 31, 2022		80,984		$	15.71