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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table

    

    

    

Average

    

    

Value of Initial

    

Summary

Average

Fixed $100

Summary

Compensation

Compensation

Investment

Compensation

Compensation

Table Total for

Actually Paid to

Based On Total

Table Total

Actually Paid

Non-CEO

Non-CEO

Shareholder

Net Income

Year

for CEO(1)

to CEO(2)

NEOs(3)

NEOs(4)

Return(5)

(In Thousands)

2023

$

1,217,895

 

1,163,358

$

798,772

$

501,520

$

88.97

$

9,732

2022

$

1,358,833

 

1,270,633

$

710,753

$

593,871

$

113.64

$

17,048

2021

$

988,351

 

954,814

$

1,401,436

$

545,713

$

74.02

$

17,103

(1)

The dollar amounts reported are the amounts of total compensation reported for our CEO, Thomas Sandgaard, in the Summary Compensation Table for fiscal years 2023, 2022 and 2021.

(2)

The dollar amounts reported represent the amount of “compensation actually paid,” as computed in accordance with SEC rules. The dollar amounts reported are the amounts of total compensation reported for Mr. Sandgaard during the applicable year, but also include (i) the year-end value of equity awards granted during the reported year, (ii) the change in the value of equity awards that were unvested at the end of the prior year, measured through the date the awards vested, or through the end of the reported fiscal year, and (iii) value of equity awards issued and vested during the reported fiscal year. See Table below for further information.

(3)

The dollar amounts reported are the average of the total compensation reported for our NEOs, other than our CEO, in the Summary Compensation Table for fiscal years 2023, 2022 and 2021.

(4)

The dollar amounts reported represent the average amount of “compensation actually paid”, as computed in accordance with SEC rules, for our NEOs, other than our CEO. The dollar amounts reported are the average of the total compensation reported for our NEOs, other than our CEO in the Summary Compensation Table for fiscal years 2023, 2022 and 2021, but also include (i) the year-end value of equity awards granted during the reported year, (ii) the change in the value of equity awards that were unvested at the end of the prior year, measured through the date the awards vested, or through the end of the reported fiscal year, and (iii) value of equity awards issued and vested during the reported fiscal year.

(5)

Assumes an investment of $100 for the period starting on December 31, 2020 through the end of the listed fiscal year. The closing prices of the Company’s common stock as reported on Nasdaq, as applicable, on the following trading days were: (i) $12.24 on December 31, 2020; (ii) $9.06 on December 30, 2021; (iii) $13.91 on December 30, 2022 and (iv) $10.89 on December 29, 2023.

     
Named Executive Officers, Footnote

(1)

The dollar amounts reported are the amounts of total compensation reported for our CEO, Thomas Sandgaard, in the Summary Compensation Table for fiscal years 2023, 2022 and 2021.

     
PEO Total Compensation Amount $ 1,217,895 $ 1,358,833 $ 988,351  
PEO Actually Paid Compensation Amount $ 1,163,358 1,270,633 954,814  
Adjustment To PEO Compensation, Footnote

To calculate the amounts in the “Compensation Actually Paid to CEO” column in the table above, the following amounts were deducted from and added to (as applicable) our CEO’s “Total” compensation as reported in the Summary Compensation Table:

    

    

    

Fair

    

Fair Value

    

    

Fair Value

    

Value as

Year over

Increase or

of Year End

Year Increase

Decrease from

Reported

for Unvested

or Decrease in

Fair Value

Prior Year

Summary

Value of

Awards

Unvested

of Awards

end for

Compensation

Equity

Granted

Awards

Granted and

Awards that

Compensation

Table Total

Awards

During 

Granted in

Vested During

Vested during

Actually Paid to

Year

for CEO

for CEO(1)

the Year

Prior Years

the Year

the Year

CEO

2023

$

1,217,895

$

225,065

$

218,497

$

(24,100)

$

32,517

$

(56,386)

$

1,163,358

2022

$

1,358,833

$

223,350

$

71,164

$

13,108

$

51,175

$

(297)

$

1,270,633

2021

$

988,351

$

135,640

$

66,183

$

(3,941)

$

12,704

$

27,158

$

954,814

(1)

Represents the grant date fair value of the equity awards to our CEO, as reported in the Summary Compensation Table.

     
Non-PEO NEO Average Total Compensation Amount $ 798,772 710,753 1,401,436  
Non-PEO NEO Average Compensation Actually Paid Amount 501,520 593,871 545,713  
Total Shareholder Return Amount 88.97 113.64 74.02  
Net Income (Loss) $ 9,732 $ 17,048 $ 17,103  
PEO Name Thomas Sandgaard      
Closing price of common stock $ 10.89 $ 13.91 $ 9.06 $ 12.24
PEO | Reported Value of Equity Awards        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (225,065) $ (223,350) $ (135,640)  
PEO | Fair Value as of Year End for Unvested Awards Granted During the Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 218,497 71,164 66,183  
PEO | Fair Value Year over Year Increase or Decrease in Unvested Awards Granted in Prior Years        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (24,100) 13,108 (3,941)  
PEO | Fair Value Increase or Decrease from Prior Year end for Awards that Vested during the Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (56,386) (297) 27,158  
PEO | Fair Value of Awards Granted and Vested During the Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 32,517 51,175 12,704  
Non-PEO NEO | Reported Value of Equity Awards        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (362,049) (320,742) (1,055,839)  
Non-PEO NEO | Fair Value as of Year End for Unvested Awards Granted During the Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 370,739 75,900 263,601  
Non-PEO NEO | Fair Value Year over Year Increase or Decrease in Unvested Awards Granted in Prior Years        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (162,864) 129,295 (156,121)  
Non-PEO NEO | Fair Value Increase or Decrease from Prior Year end for Awards that Vested during the Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (165,840) (37,162) 74,096  
Non-PEO NEO | Fair Value of Awards Granted and Vested During the Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 22,762 $ 35,827 $ 18,541