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STOCK REPURCHASE PLAN
12 Months Ended
Dec. 31, 2022
Disclosure of Stock Repurchase Plan [Abstract]  
STOCK REPURCHASE PLAN

23.  STOCK REPURCHASES

The Company entered into a repurchase plan (the “Plan”) dated June 4, 2021 with an independent broker for the purchase of up to $10 million of the Company’s Common Stock.  Under the Plan, open market purchases of the Company’s Common Stock commenced June 18, 2021 and 528,169 and 558,976 shares were purchased in the years ended December 31, 2021 and 2022, respectively for an aggregate purchase price of $8.1 million.  The repurchase plan was terminated in April 2022.  

The Company entered into a private stock repurchase agreement effective December 2022 for the purchase of 3 million shares of Common Stock at $1.60 per share for an aggregate purchase price of $4.8 million.  

These treasury share purchases are accounted for under the cost method and are included as a component of treasury stock in the Company’s balance sheets.