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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Stock-Based Compensation  
Stock-based compensation expense

For the year ended December 31, 

2022

2021

(in thousands)

Stock options

$

646

$

549

Restricted stock units

631

120

Performance stock units

332

-

Deferred stock units

346

206

Total

$

1,955

$

875

Schedule of Share-based Compensation, Stock Options, Activity

Shares

Weighted
Average Exercise
Price (per share)

Weighted Average
Remaining
Contractual Term
(in years)

Aggregate
Intrinsic
Value
(thousands)

Outstanding as of December 31, 2020

4,173,168

$

6.83

3.58

$

1,324

Granted

600,000

3.22

-

Exercised

(253,335)

1.31

-

Expired

(2,035,966)

9.14

-

Forfeited

(29,167)

5.89

-

Outstanding as of December 31, 2021

2,454,700

$

4.62

4.58

$

109

Granted

320,816

2.41

-

Exercised

(355,000)

1.31

-

Expired

(945,200)

7.78

-

Forfeited

-

-

Outstanding as of December 31, 2022

1,475,316

$

2.90

7.38

$

18

Vested and exercisable as of December 31, 2022

894,769

$

2.85

6.70

$

18

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

Outstanding

Exercisable

Range of Exercise Prices

Number of
Options

Weighted Average
Remaining
Contractual Term
(in years)

Weighted
Average Exercise
Price (per share)

Number of
Options

Weighted
Average Exercise
Price (per share)

$0.00 - $2.50

540,816

7.51

$

2.19

326,937

$

2.05

$2.51 -$5.00

898,000

7.54

$

3.20

531,332

$

3.11

$5.01 - $7.50

36,500

1.57

$

6.18

36,500

$

6.18

1,475,316

7.38

$

2.90

894,769

$

2.85

Schedule of Assumptions Used to Determine the Value of our Stock-based Awards

For the year ended December 31, 

2022

2021

Risk-free interest rate

2.13

%

0.55

%

Dividend yield

1.66

%

0.26

%

Expected volatility

56.39

%

64.71

%

Expected life in years

5

6

Schedule of RSU activity under the Incentive Plan

Shares

Aggregate
Intrinsic
Value
(thousands)

Weighted Average
Remaining
Contractual Term
(in years)

Nonvested as of December 31, 2020

349,865

$

1,017

4.87

Granted

2,614

-

Vested

(75,262)

-

Forfeited

(171,418)

-

Nonvested as of December 31, 2021

105,799

$

165

1.07

Granted

611,681

-

Vested and redeemed

(80,169)

-

Vested but not redeemed (deferred)

(39,298)

Forfeited

(22,465)

-

Nonvested as of December 31, 2022

575,548

$

881

1.04