XML 46 R30.htm IDEA: XBRL DOCUMENT v3.24.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2023
Schedule of assumptions made in estimating the fair value of the options on the grant date based upon the BSM option-pricing model

Dividend Yield

 

0.00%

 

Expected Volatility

 

25.56%

 

Risk Free Interest Rate

 

4.35%

 

Expected Life

 

6 Years

 

Summary of restricted stock units activity
Unvested Restricted Stock Units


Number of Shares Weighted-Average Grant-Date Fair Value
Unvested as of December 31, 2022
0
$
0.00

    Granted
105,000

4.11
    Vested
0

0.00
    Forfeited/canceled
0

0.00
Unvested as of December 31, 2023
105,000
$ 4.11
Employee Stock Option [Member]  
Schedule of stock options activity

 

 

 

Options Outstanding

 

 

 

 

Number of
Shares

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average Remaining
Contractual

Term  
(in years)

 

 

Aggregate
Intrinsic Value

 

 

 

Balance at December 31, 2021

 

 

 

332,500

 

 

$

4.30

 

 

 

2.6

 

 

 

 

 

Granted

 

 

 

0

 

 

  


 

 

 


 

 

 

 

 

Exercised

 

 

 

(32,500

)  

 

 

3.76

 

 

 

3.4

 

 

 

 

 

Expired

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2022

 

 

 

300,000

 

 

 

4.35

 

 

 

1.4

 

 

 

 

 

Granted

 

 

 

100,000

 

 

 

4.25

 

 

 

9.7

 

 

 

 

 

Exercised

 

 

 

0

 

 


 

 

 


 

 

 

 

 

Expired

 

 

 

(225,000

)  

 

 

4.57

 

 

 

0.0

 

 

 

 

 

Balance at December 31, 2023

 

 

 

175,000

 

 

$

4.06

 

 

 

6.8

 

 

$

20

 

Vested and exercisable as of December 31, 2023

 

 

 

95,000

 

 

$

3.84

 

 

 

 

 

 

$

20