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Shareholders' Equity (Tables) | 3 Months Ended
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Mar. 31, 2024 | Mar. 31, 2023
Equity [Abstract] |  |
Summary of Changes in Shareholders' Equity | A summary of changes in shareholders’ equity for the three months ended March 31, 2024 is presented below:
|  | Common Stock |  | Additional Paid-In Capital |  | Retained Earnings |  | Treasury Stock |  | Deferred Compensation Trust |  | Deferred Compensation Liability |  | Total
Balance, December 31, 2023 |  | $ | 206 |  |  | $ | 2,848,528 |  |  | $ | 13,365,025 |  |  | $ | (11,849,034) |  |  | $ | (16,710) |  |  | $ | 16,710 |  |  | $ | 4,364,725 |
Net income |  | — |  |  | — |  |  | 394,269 |  |  | — |  |  | — |  |  | — |  |  | 394,269 |
Purchase of common stock for treasury |  | — |  |  | — |  |  | — |  |  | (498,776) |  |  | — |  |  | — |  |  | (498,776) |
Equity-based compensation |  | — |  |  | 17,141 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 17,141 |
Proceeds from Options exercised |  | — |  |  | 67,022 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 67,022 |
Treasury stock issued upon Option exercise and RSU vesting |  | — |  |  | (26,984) |  |  | — |  |  | 26,984 |  |  | — |  |  | — |  |  | — |
Balance, March 31, 2024 |  | $ | 206 |  |  | $ | 2,905,707 |  |  | $ | 13,759,294 |  |  | $ | (12,320,826) |  |  | $ | (16,710) |  |  | $ | 16,710 |  |  | $ | 4,344,381 |
| A summary of changes in shareholders’ equity for the three months ended March 31, 2023 is presented below:
|  | Common Stock |  | Additional Paid-In Capital |  | Retained Earnings |  | Treasury Stock |  | Deferred Compensation Trust |  | Deferred Compensation Liability |  | Total
Balance, December 31, 2022 |  | $ | 206 |  |  | $ | 2,600,014 |  |  | $ | 11,773,414 |  |  | $ | (10,866,785) |  |  | $ | (16,710) |  |  | $ | 16,710 |  |  | $ | 3,506,849 |
Net income |  | — |  |  | — |  |  | 344,352 |  |  | — |  |  | — |  |  | — |  |  | 344,352 |
Purchase of common stock for treasury |  | — |  |  | — |  |  | — |  |  | (110,048) |  |  | — |  |  | — |  |  | (110,048) |
Equity-based compensation |  | — |  |  | 22,277 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 22,277 |
Proceeds from Options exercised |  | — |  |  | 81,916 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 81,916 |
Treasury stock issued upon Option exercise and RSU vesting |  | — |  |  | (27,566) |  |  | — |  |  | 27,566 |  |  | — |  |  | — |  |  | — |
Balance, March 31, 2023 |  | $ | 206 |  |  | $ | 2,676,641 |  |  | $ | 12,117,766 |  |  | $ | (10,949,267) |  |  | $ | (16,710) |  |  | $ | 16,710 |  |  | $ | 3,845,346 |

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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2 + Details
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