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Stock Options
 3 Months Ended
Mar. 31, 2023
Stock Options  
Stock Options

13. Stock Options

 

There were no stock options granted during the three months ended March 31, 2022 or 2023.

 

Activity in the Company’s stock options is as follows:

 

 

 

Number of

Options

 

 

Weighted Average Exercise Prices

 

Balance December 31, 2021

 

 

507,175

 

 

$5.25

 

Granted

 

 

180,000

 

 

$5.21

 

Exercised quarter 1, 2022

 

 

(51,789)

 

$4.22

 

Exercised in remainder of 2022

 

 

(64,289)

 

$4.69

 

Expired

 

 

(7,143)

 

$1.96

 

Forfeited

 

 

(28,001)

 

$5.56

 

Balance December 31, 2022 and March 31, 2023

 

 

535,953

 

 

$5.47

 

Outstanding and exercisable at March 31, 2023

 

 

535,953

 

 

$5.47

 

 

At March 31, 2023, outstanding stock options have a weighted average remaining term of approximately 1.58 years and have an intrinsic value of $1,800. There were no stock options exercised during the first three months of 2023.