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Share-based Compensation and Employee Benefit Plan (Tables)
6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Nonvested Restricted Stock Units Activity
The following is a summary of the status of the Company’s restricted shares and changes for the three and six months ended June 30, 2024 and 2023:
Three months ended June 30, 2024:Number of
Shares Awarded
Weighted Average
Grant Date
Fair Value
Unvested at March 31, 202427,665$5.24
Granted81,174$3.79
Unvested at June 30, 2024108,839$4.16
Six months ended June 30, 2024:
Unvested at December 31, 202317,506$6.09
Granted91,333$3.79
Unvested at June 30, 2024108,839$4.16
Three months ended June 30, 2023Number of
Shares Awarded
Weighted Average
Grant Date
Fair Value
Unvested at March 31, 202322,660$7.11
Unvested at June 30, 202322,660$7.11
Six months ended June 30, 2023:
Unvested at December 31, 202222,660$7.11
Unvested at June 30, 202322,660$7.11