Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Nonvested Share Activity [Table Text Block]

A summary of all non-vested common share activity for the three months ended March 31, 2024 was as follows:

	Shares	Weighted Average Grant Date Price(1)
Non-vested at December 31, 2023	2,734,760	$	2.84
Granted	645,809	$	8.42
Vested	(1,028,216)	$	3.07
Forfeited	—	$	—
Non-vested at March 31, 2024	2,352,353	$	4.27

Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]

The following is a summary of all RSU activity for the three months ended March 31, 2024:

	Units
Non-vested at December 31, 2023	17,523
Vested	(17,523)
Non-vested at March 31, 2024	—

Share-based Payment Arrangement, Option, Activity

The following is a summary of all stock option activity for the three months ended March 31, 2024:

	Options	Weighted Average Exercise Price		Average Remaining Contractual Life (in years)	Aggregate Intrinsic Value(1)
Options outstanding at December 31, 2023	925,000	$	7.12
Forfeited	—
Options Outstanding at March 31, 2024	925,000	$	7.12	3.4	$	2,211
Vested or expected to vest at March 31, 2024	925,000	$	7.12	3.4	$	2,211
Options exercisable at March 31, 2024	925,000	$	7.12	3.4	$	2,211

(1)The aggregate intrinsic value is calculated using the difference between the market price of the Company's common stock at March 31, 2024 of $9.51 and the grant price for only those awards that have a grant price that is less than the market price of the Company's common stock at March 31, 2024.