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Equity Compensation Plan (Tables)
12 Months Ended
Dec. 31, 2022
Share-based Payment Arrangement [Abstract]  
Summary of Nonvested Restricted Shares
No
non-vested
shares existed as of December 31, 2020. A summary of the status of the Company’s
non-vested
restricted shares as of December 31, 2021 and 2022, is presented below:
 

 
  
Number of
restricted
shares
 
  
Weighted average
grant date fair
value per
non-vested
share
 
Non-vested,
January 1, 2021
     —          —    
Granted
     343,744        2.99  
    
 
 
    
 
 
 
Non-vested,
December 31, 2021
  
 
343,744
 
  
 
2.99
 
    
 
 
    
 
 
 
Vested
     171,872        2.99  
    
 
 
    
 
 
 
Non-vested,
December 31, 2022
  
 
171,872
 
  
 
2.99
 
    
 
 
    
 
 
 
Summary of the Company's non-vested stock option activity
The
Company had no stock option activity during the year ended December 31, 2020. A summary of the Company’s
non-vested
stock option activity and related information for the years ended December 31, 2021 and 2022, is as follows:
 

 
  
Option shares

#
 
  
Weighted-Average

Exercise Price

$
 
Outstanding – January 1, 2021
     —          —    
Granted
     250,000        2.99  
Exercised
     —          —    
Outstanding – December 31, 2021
     250,000        2.99  
Exercisable – December 31, 2021
     —          —    
Granted
     —          —    
Exercised
     —          —    
Outstanding – December 31, 2022
     250,000        2.99  
Exercisable – December 31, 2022
     —          —