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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Schedule of Computation of Basic and Diluted Earnings Per Share of Common Stock | The following table sets forth the computation of basic and diluted earnings per share of common stock:
| For the three months ended September 30, |  | For the nine months ended September 30, |  |  |  |
| 2023 |  | 2022 |  | 2023 |  | 2022 |  |  |  |
Net income applicable to common stockholders | $ | 25,232 |  |  | $ | 26,513 |  |  | $ | 79,519 |  |  | $ | 34,612 |  |  |  |  |
Weighted Average Shares |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding | 24,942,389 |  |  | 24,877,607 |  |  | 24,933,168 |  |  | 22,685,496 |  |  |  |  |
Effect of dilutive securities |  |  |  |  |  |  |  |  |  |  |
Stock-based awards | 415,418 |  |  | 531,208 |  |  | 432,129 |  |  | 596,437 |  |  |  |  |
Convertible notes payable | — |  |  | 85,500 |  |  | — |  |  | — |  |  |  |  |
Weighted average diluted common shares | 25,357,807 |  |  | 25,494,315 |  |  | 25,365,297 |  |  | 23,281,933 |  |  |  |  |
Earnings per common share |  |  |  |  |  |  |  |  |  |  |
Basic earnings per common share | $ | 1.01 |  |  | $ | 1.07 |  |  | $ | 3.19 |  |  | $ | 1.53 |  |  |  |  |
Effect of dilutive securities |  |  |  |  |  |  |  |  |  |  |
Stock-based awards | (0.01) |  |  | (0.03) |  |  | (0.06) |  |  | (0.04) |  |  |  |  |
Diluted earnings per common share | $ | 1.00 |  |  | $ | 1.04 |  |  | $ | 3.13 |  |  | $ | 1.49 |  |  |  |  |
Schedule of Securities Excluded from Computation of Diluted Earnings Per Share | Shares of common stock not considered in computing diluted earnings per share because they were antidilutive were as follows:
| For the three months ended September 30, |  | For the nine months ended September 30, |  |  |  |
| 2023 |  | 2022 |  | 2023 |  | 2022 |  |  |  |
Stock-based awards | — |  |  | 845 |  |  | — |  |  | 34,828 |  |  |  |  |
Convertible notes payable | — |  |  | — |  |  | — |  |  | 85,500 |  |  |  |  |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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