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STOCK COMPENSATION PLAN (Tables) | 12 Months Ended
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Dec. 31, 2020
STOCK COMPENSATION PLAN |
Schedule of status of the stock option plan | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2020 | ​
​ | ​ | ​ | ​ | Weighted | ​
​ | ​ | ​ | ​ | Average | ​
​ | ​ | Number of | ​ | Exercise | ​
​ |  | Options |  | Price |
Outstanding, beginning of year |  | 231,000 | ​ | $ | 18.00 |
Granted |  | — | ​ |  | — |
Exercised |  | — | ​ |  | — |
Cancelled/forfeited |  | — | ​ |  | — |
Outstanding, end of year |  | 231,000 | ​ | $ | 18.00 |
Options vested and exercisable at year-end |  | 231,000 | ​ | $ | 18.00 |
​ | ​ | ​ | ​ | ​ | ​ | ​
Aggregate intrinsic value of options outstanding at December 31, 2020 |  |  | ​ | $ | 4,220,370 |
​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average remaining contractual life (years) |  |  | ​ |  | 3.38 |
Schedule of summary of stock options outstanding | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Options Outstanding
Range of Average | ​ | Number Outstanding at | ​ | Weighted Average | ​ | ​ | Weighted Average | ​ | ​ | Weighted average
Exercise Prices |  | December 31, 2020 |  | Remaining Contractual Life |  | ​ | Exercise Price |  | ​ | intrinsic value
$10 – 20 | ​ | 231,000 | ​ | 3.38 | ​ | $ | 18.00 | ​ | $ | 18.27
$21 – 30 | ​ | — | ​ | — | ​ | $ | — | ​ | $ | —
$10 – 30 | ​ | 231,000 | ​ | 3.38 | ​ | $ | 18.00 | ​ | $ | 18.27
Schedule of changes in the non-vested restricted stock awards | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, 2020 | ​ | Year Ended December 31, 2019
​ | ​ | ​ | ​ | Weighted Average | ​ | ​ | ​ | Weighted Average
​ |  | Number of Shares |  | Grant Date Fair Value | ​ | Number of Shares |  | Grant Date Fair Value
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Outstanding, beginning of period | ​ | 104,838 | ​ | $ | 29.86 | ​ | 53,957 | ​ | $ | 21.46
Granted | ​ | 62,092 | ​ | ​ | 44.80 | ​ | 106,423 | ​ | ​ | 35.36
Forfeited | ​ | (31,781) | ​ | ​ | 38.24 | ​ | (1,561) | ​ | ​ | 32.71
Vested | ​ | (58,860) | ​ | ​ | 31.83 | ​ | (53,981) | ​ | ​ | 32.22
Outstanding at end of period | ​ | 76,289 | ​ | $ | 37.01 | ​ | 104,838 | ​ | $ | 29.86
Summary of changes in the non-vested Performance Restricted Share Units awards | ​ The following table summarizes the changes in the Company’s non-vested PRSU awards for year ended December 31, 2020:
​ | ​ | ​ | ​
​ | ​ | For the year ended
​ |  | December 31, 2020
​ | ​ | ​ | ​
Weighted average service inception date fair value of award shares | ​ | $ | 4,064,295
Minimum aggregate share payout | ​ | ​ | 12,000
Maximum aggregate share payout | ​ | ​ | 90,000
Likely aggregate share payout | ​ | ​ | 90,000
Compensation expense recognized | ​ | $ | 1,430,011

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- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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