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Stock Compensation Plans (Tables) | 12 Months Ended
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Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Assumptions Used | The following table summarizes the assumptions used in estimating the fair value of each stock option granted along with the weighted-average fair value of the stock options granted. Schedule of Assumptions Used
|  |  |  |  |  |  | Assumptions |
Grant Date |  | Plan |  | Weighted-Average Fair Value of Each Option |  |  | Expected Dividend Yield (1) |  |  | Underlying stock FMV |  |  | Weighted-Average Volatility |  |  | Weighted-Average Risk-Free Interest Rate |  |  | Weighted-Average Expected Life (years) |
December 1, 2023 |  | All Plans |  | $ | 1.88 |  |  |  | 5 | % |  | $ | 7.99 |  |  |  | 36.76 | % |  |  | 4.14 | % |  |  | 4.9 |
January 30, 2023 |  | All Plans |  | $ | 1.65 |  |  |  | 5 | % |  | $ | 7.10 |  |  |  | 36.73 | % |  |  | 3.64 | % |  |  | 5.31 |
January 18, 2023 |  | All Plans |  | $ | 1.70 |  |  |  | 5 | % |  | $ | 7.37 |  |  |  | 36.79 | % |  |  | 3.40 | % |  |  | 5.31 |
December 2, 2022 |  | All Plans |  | $ | 1.48 |  |  |  | 5 | % |  | $ | 6.48 |  |  |  | 37.03 | % |  |  | 3.69 | % |  |  | 4.88 |
(1) |  | Stock dividend
Schedule of Activity of Stock Option Plans | Activity of the stock option plans is summarized as follows: Schedule of Activity of Stock Option Plans
|  | Number of Class A Shares |  |  | Weighted Average Exercise Price |  |  | Number of Class C Shares |  |  | Weighted Average Exercise Price |
Outstanding at January 1, 2022 |  |  | 1,024,351 |  |  | $ | 4.38 |  |  |  | 821,146 |  |  | $ | 5.26 |
Adjustment for the effect of stock dividends |  |  | 47,780 |  |  |  |  |  |  |  | 41,057 |  |  |  |  |
Granted |  |  | 82,500 |  |  |  |  |  |  |  | 295,000 |  |  |  |  |
Exercised |  |  | (176,435 | ) |  |  |  |  |  |  | - |  |  |  |  |
Cancelled |  |  | (1,591 | ) |  |  |  |  |  |  | - |  |  |  |  |
Outstanding at December 31, 2022 |  |  | 976,605 |  |  | $ | 4.56 |  |  |  | 1,157,203 |  |  | $ | 5.31 |
Adjustment for the effect of stock dividends |  |  | 38,266 |  |  |  |  |  |  |  | 57,859 |  |  |  |  |
Granted |  |  | 106,500 |  |  |  |  |  |  |  | 305,000 |  |  |  |  |
Exercised |  |  | (286,965 | ) |  |  |  |  |  |  | - |  |  |  |  |
Cancelled |  |  | (836 | ) |  |  |  |  |  |  | - |  |  |  |  |
Outstanding at December 31, 2023 |  |  | 833,570 |  |  | $ | 5.22 |  |  |  | 1,520,062 |  |  | $ | 5.86 |
Exercisable at end of year |  |  | 739,070 |  |  | $ | 4.87 |  |  |  | 1,215,062 |  |  | $ | 5.31 |
Available options for future grant |  |  | 92,820 |  |  |  |  |  |  |  | 529,750 |  |  |  |  |
Weighted average contractual term of options outstanding at December 31, 2023 |  |  | 5.25 years |  |  |  |  |  |  |  | 6.50 years |  |  |  |  |
Weighted average contractual term of options exercisable at December 31, 2023 |  |  | 4.66 years |  |  |  |  |  |  |  | 5.90 years |  |  |  |  |
Aggregated intrinsic value of options outstanding at December 31, 2023 (1) |  | $ | 3,149,704 |  |  |  |  |  |  | $ | 4,765,559 |  |  |  |  |
Aggregated intrinsic value of options exercisable at December 31, 2023 (1) |  | $ | 3,049,987 |  |  |  |  |  |  | $ | 4,483,509 |  |  |  |  |
(1) |  | The Company used a stock price of $9.00 as of December 31, 2023 to derive intrinsic value.
Schedule of Activity Restricted Stock Units | Activity of the RSUs is summarized as follows: Schedule of Activity Restricted Stock Units
|  | Number of Class A Shares |  |  | Weighted Average Grant Date Fair Value |
Non-vested at December 31, 2022 |  |  | 1,620 |  |  | $ | 6.48 |
Granted |  |  | 1,840 |  |  |  |  |
Vested |  |  | (1,215 | ) |  |  |  |
Non-vested at December 31, 2023 |  |  | 2,245 |  |  | $ | 7.72 |
Available RSUs for future grant |  |  | 16,540 |  |  |  |  |

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