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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2021
Stockholders' Equity  
Schedule of stock option activity

Stock Options

 

Number of

Shares

 

 

 Weighted

Average

Exercise Price

per Share

 

 

 Weighted

Average

Remaining

Contractual

Term

 

 

 Aggregate

Intrinsic

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at January 1, 2021

 

 

119,966

 

 

$8.26

 

 

 

3.55

 

 

$-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

-

 

 

$-

 

 

 

-

 

 

$-

 

Exercised

 

 

-

 

 

$-

 

 

 

-

 

 

$-

 

Expired

 

 

(12,000)

 

$7.85

 

 

 

-

 

 

$-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2021

 

 

107,966

 

 

$8.31

 

 

 

3.68

 

 

$33,994

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and Exercisable at March 31, 2021

 

 

27,500

 

 

$8.64

 

 

 

3.18

 

 

$1,725

 

Weighted average assumptions

 

 

 Three months ended

 

 

 

 March 31,

 

 

 

 2021

 

 

 2020

 

 

 

 

 

 

 

 

Dividend Yield

 

 

n/a

 

 

 

3.14%

Volatility

 

 

n/a

 

 

 

37.69%

Risk-Free Interest Rate

 

 

n/a

 

 

 

1.40%

Expected Life

 

 

n/a

 

 

 

2.75%
Schedule of Restriced Stock Awards

Restricted Stock Awards

 

Shares

 

 

 Weighted Average Grant Date Fair Value per Share

 

 

 Aggregate Fair Value

 

 

 

 

 

 

 

 

 

 

 

Balance at January 1, 2021

 

 

370,964

 

 

$9.96

 

 

$3,990,999

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

321,335

 

 

$6.95

 

 

$2,233,366

 

Vested

 

 

(124,187)

 

$9.50

 

 

$(1,180,239)

Forfeited

 

 

-

 

 

$-

 

 

$-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at March 31, 2021

 

 

568,112

 

 

$8.98

 

 

$5,044,126