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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table

2025 Pay Versus Performance

 

The following table sets forth information concerning: (1) the compensation of our Chief Executive Officer and President, John T. Fitzgerald and the average compensation for our other named executive officer, Kent A. Hansen, both as reported in the Summary Compensation Table and with certain adjustments to reflect the “compensation actually paid” ("CAP") to such individuals, as defined under SEC rules, for each of the fiscal years ended December 31, 2023, 2024 and 2025 and (2) our total shareholder return (“TSR”) and Net Income over such years in accordance with SEC rules:

 

Year Summary
Compensation
Table Total for
PEO(1)		 Compensation
Actually Paid to
PEO(1)		 Average Summary
Compensation Table
Total for Non-PEO
NEO(2) (3)		 Average
Compensation
Actually Paid to
Non-PEO
NEO(2) (3)		 Value of Initial Fixed
$100 Investment Based
On Total Shareholder
Return		 Net (Loss)
Income
(thousands)
2025 $637,802 $2,633,802 $551,762 $597,505 $169.61 ($10,252)
2024 $637,250 $592,250 $762,161 $766,751 $154.38 ($8,295)
2023 $610,192 $1,163,192 $467,262 $472,732 $178.72 $24,012

 

Notes:

(1) Mr. Fitzgerald was the Principal Executive Officer (“PEO”) in 2025, 2024 and 2023.

(2) Mr. Hansen was the only Non-PEO Named Executive Officer (“NEO”) in 2025, 2024 and 2023.

(3) Excludes the 14,568 2026 Restricted Common Shares granted to Mr. Hansen on March 23, 2026.

 

Officer compensation is determined by the Compensation Committee. In terms of base salary the Compensation Committee considers the market for similarly situated employees at peer companies and the employee’s overall performance both individually and as it relates to the overall results. Variable compensation considers profitability during the year. Compensation actually paid to the PEO and Non-PEO NEO in 2025, 2024 and 2023 were based upon 2025, 2024 and 2023 financial results, as well as the achievement of strategic objectives. The Compensation Committee also considered shareholder return as a factor in compensation, given the steady increase in our share price over the past few years.

    
Named Executive Officers, Footnote Mr. Hansen was the only Non-PEO Named Executive Officer (“NEO”) in 2025, 2024 and 2023.    
Peer Group Issuers, Footnote In terms of base salary the Compensation Committee considers the market for similarly situated employees at peer companies and the employee’s overall performance both individually and as it relates to the overall results    
PEO Total Compensation Amount [1] $ 637,802 $ 637,250 $ 610,192
PEO Actually Paid Compensation Amount [1] 2,633,802 592,250 1,163,192
Non-PEO NEO Average Total Compensation Amount [2],[3] 551,762 762,161 467,262
Non-PEO NEO Average Compensation Actually Paid Amount [2],[3] 597,505 766,751 472,732
Total Shareholder Return Amount 169.61 154.38 178.72
Net Income (Loss) $ (10,252) $ (8,295) $ 24,012
PEO Name Mr. Fitzgerald Mr. Fitzgerald Mr. Fitzgerald
[1] (1) Mr. Fitzgerald was the Principal Executive Officer (“PEO”) in 2025, 2024 and 2023.
[2] (2) Mr. Hansen was the only Non-PEO Named Executive Officer (“NEO”) in 2025, 2024 and 2023.
[3] (3) Excludes the 14,568 2026 Restricted Common Shares granted to Mr. Hansen on March 23, 2026.