Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2022

Stock-Based Compensation [Abstract]

Schedule of stock option activity

A summary of the stock option activity for the first nine months of 2022 is as follows:

	Number of Shares			Weighted Average Exercise Price per Share		Weighted Average Remaining Contractual Term (in years)		Aggregate Intrinsic Value
Options outstanding at December 31, 2021		12,000		$	4.90		1.13	$	19,860
Granted		120,000		$	6.87		—	$	—
Exercised		(7,000	)	$	4.55		—	$	—
Expired		—		$	—		—	$	—
Forfeited		(2,000	)	$	7.10		—	$	—
Options outstanding at September 30, 2022		123,000		$	6.81		9.15	$	990
Options exercisable at September 30, 2022		63,000		$	6.74		8.97	$	990

Schedule of weighted average assumptions used to determine the fair value of stock options granted during period

	2022
Expected life (in years)	3.59
Risk-free interest rate	1.44	%
Expected volatility	70.29	%
Dividend yield	6.95	%

Table summarizes restricted stock award activity

The following table summarizes restricted stock award activity for the first nine months of 2022:

	Number of Shares			Weighted Average Grant Date Fair Value
Awards outstanding December 31, 2021	18,597		$	5.72
Granted	24,120			5.60
Vested	(33,449	)		5.58
Forfeited	—			—
Awards outstanding at September 30, 2022	9,268		$	5.90