Stock Options and Restricted Stock Units (Tables)

12 Months Ended

Dec. 31, 2024

Stock Options and Restricted Stock Units

Summary of stock options issued

	Number of Options Outstanding			Range of Exercise Price		Weighted Average Exercise Price		Aggregate Intrinsic Value
Balance on December 31, 2022		81,250		$	6.80 – 27.71	$	20.17	$	462,390
Options granted		30,000			26.98		26.98		—
Options exercised		(2,500	)		7.76		7.76		19,400
Options forfeited/cancelled		(2,000	)	9.26 – 27.71			23.10		—
Balance on December 31, 2023		106,750		$	6.80 – 27.71	$	22.32	$	176,360
Options granted		—			—		—		—
Options exercised		—			—		—		—
Options forfeited/cancelled		(47,000	)	9.26 – 26.00			21.97		—
Balance on December 31, 2024		59,750		$	6.80 – 27.71	$	22.60		10,700

Schedule of unvested stock options

	Number of Options Outstanding			Weighted Average Exercise Price		Weighted Average Grant Date Fair Value
Balance on December 31, 2022		44,250		$	26.55	$	12.41
Options granted		30,000			26.98		13.89
Options vested		(7,500	)		27.71		13.53
Options forfeited/cancelled		(1,500	)		26.00		11.87
Balance on December 31, 2023		65,250			26.78		13.12
Options granted		—			—		—
Options vested		(27,750	)		27.05		13.18
Options forfeited/cancelled		(15,000	)		26.00		11.87
Balance on December 31, 2024		22,500			26.98		13.89

Schedule of information about stock options outstanding and exercisable

	Options Outstanding						Options Exercisable
Exercise Price Range	Number		Weighted Average Remaining Contractual Life (in Years)		Weighted Average Exercise Price		Number
$0.01 - 8.00		5,000		0.89		6.80		5,000
$8.01 - 11.00		2,000		4.50		10.75		2,000
$11.01 - 16.00		10,000		4.16		13.21		10,000
$16.01 - 27.00		30,000		8.01		26.98		7,500
$27.01 – 27.71		12,750		7.05		27.71		12,750
Total		59,750		6.45		22.60		37,250

Summary of restricted stock units

	Number of RSUs Outstanding			Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value
Balance on December 31, 2022		50,740		$	25.00	$	1,268,500
Units granted		74,832			26.08		1,951,619
Units vested/issued		(21,490	)		25.24		(542,408	)
Units forfeited		(9,250	)		23.87		(220,798	)
Balance on December 31, 2023		94,832		$	25.90	$	2,456,149
Units granted		43,666			12.41		541,932
Units vested/issued		(18,999	)		20.26		(384,830	)
Units forfeited		(24,333	)		25.85		(628,984	)
Balance on December 31, 2024		95,166			20.85		1,984,267