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Stock Incentive Plan (Tables)

12 Months Ended

Dec. 31, 2022

Stockholders' Equity Note [Abstract]

Schedule of Share-based Compensation, Restricted Stock Units Award Activity

The following table presents RSA activity during 2022:

RSAs						Number of Shares						Weighted Average Fair Value Per Share
Balance at December 31, 2021						29						$	23.19
Granted						26						$	23.43
Vested						(29)						$	23.19
Forfeited						—						$	—
Balance at December 31, 2022						26						$	23.43

The following table presents RSU activity during 2022:

RSUs			Number of Shares						Weighted Average Fair Value Per Share
Balance at December 31, 2021			250						$	17.37
Granted			186						$	28.35
Vested			(151)						$	18.66
Forfeited			(2)						$	21.66
Balance at December 31, 2022			283						$	23.51

Schedule of Fair Value Assumptions And Fair Value Output of Warrants

The Company valued these Warrants using the Black-Scholes model, which is a type 3 fair value measurement. The key assumptions used in the Black-Scholes Model and fair value output are summarized in the table below:

			April 3, 2017
Stock price at grant date			$	8.88
Exercise option price			$	10.25
Expected term of warrants (in years)			5
Expected volatility rate			48.29		%
Risk-free rate			1.88		%
Expected dividend yield			—		%
Total fair value			$	3,500

X

- Definition

Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5047-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section S99
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775

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