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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2021
Stockholders' Equity  
Weighted average assumptions

 

 

Nine months ended

 

 

 

Septemebr 30,

 

 

 

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 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 September 30, 2021

 

 

107,966

 

 

$8.31

 

 

 

3.18

 

 

$-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and Exercisable at September 30, 2021

 

 

40,000

 

 

$8.67

 

 

 

2.79

 

 

$-

 

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

 

 

(104,870)

 

$9.60

 

 

$(1,006,771)

Forfeited

 

 

(14,745)

 

$-

 

 

$-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at September 30, 2021

 

 

572,684

 

 

$8.70

 

 

$5,217,594