Stockholders’ Equity (Tables)

9 Months Ended

Sep. 30, 2024

Stockholders’ Equity [Abstract]

Schedule of Restricted Stock Awards

Based on the closing market price of our common stock on September 30, 2024 of $15.51 and December 31, 2023 of $16.18, the aggregate intrinsic value of our restricted stock awards was as follows:

	As of September 30, 2024				As of December 31, 2023
	Outstanding		Vested		Outstanding		Vested
Aggregate intrinsic value	$	6,611,324	$	2,935,112	$	5,525,370	$	937,068

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 nine months ended September 30, 2024 and 2023.

	Nine months ended September 30, 2024			Weighted Average Grant Date Fair Value per Share
Balance at December 31, 2023		366,647		$	14.86
Granted		187,335		$	15.59
Vested		(127,720	)	$	14.89
Unvested Balance at September 30, 2024		426,262		$	15.17

	Nine months ended September 30, 2023			Weighted Average Grant Date Fair Value per Share
Balance at December 31, 2022		80,984		$	15.71
Granted		323,452		$	14.75
Vested		(20,648	)	$	16.00
Forfeited		(1,147	)	$	16.00
Unvested Balance at September 30, 2023		382,641		$	14.88